Please provide your inputs on which would be a better choice for undergrad academically / summer internships and then the job market
We need more info to help you, not to mention I assume you have not yet been accepted to all of these schools so it’s not really a decision that’s on the table yet.
What are the relative costs of these schools?
Are you sure you are going to major in econ? What other majors are you potentially interested in if you find you don’t like econ?
What type of career(s) are you interested in? Where do you want to live and work after college?
What is/are your affordable safety school or schools?
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tl;dr- none of them are in themselves materially better / worse than the others in any of those categories.
The thing that will make the biggest difference: what the student actually does during UG
The most limiting factor: debt. The more debt, the more limited the student will be, both during UG & after graduation. Internships often don’t pay as well as a full-time summer job, but are key to getting jobs; and having to choose an entry jobs based on ability to service debt is limiting.
Other relevant questions:
- Where to live? Many Texans have no wish to live anywhere but Texas, in which case neither of the other schools is as good a choice. If the goal is NYC, then NYU makes more sense. etc.
- What is the thinking on a career goal? If it is really Econ, and a PG degree might be in the offing, that is one thing. If it is Econ for IB / Consulting / etc. that is quite another.
*edit to correct typo!
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Yes, thinking of Econ major to grad school with Finance and interested for IB and quant like jobs. Interested to work in Wall street.
Does not have a location bias. Is NYU a better option than UT Austin, keeping in mind that he wants to work in Wall street ?
@Mwfan1921 no offer on table yet. Do not expect to go in debt but might be a little tight on dad’s bank balance. Econ major with Data science or something close as minor. Second choice would be business economics. Wanting to work in Wall street / IB / quant…or similar
UT austin safe school.
With respect to program strength, this analysis may be of interest: Economics rankings: US Economics Departments | IDEAS/RePEc.
“Wall Street” is a pretty big target, and he can get there from all three. He doesn’t need to major in Econ to get a job as a quant (or IB for that matter)- physics, math, anything that shows his mathematical skills will do it.
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UT is not a safety school, if you’re going for a business major. Getting into the university is only half the battle. You still have to get accepted into the business school. It’s the same story for NYU. Both business schools are notoriously difficult to get into, even for top students. It’s going to be less than 50/50 either way. You could be accepted into one, both, or neither. You might want to apply for Texas A&M and/or University of Houston.
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@blossom yes you are right WL is a reach reach destination. but as they say “dream big and work hard”
@coolguy40 i totally get the point, business school is both of these schools are high reach. Economic @UT comes under LSA not sure about NYU. But yes, its still a hard to get in