Economics and Business: Univ of Virginia versus Tulane

It’s almost time to pick a college to attend next year, and I still can’t decide where to enroll. Yay! I’d love the input of y’all on CC to evaluate the pros and cons of each place. I’m leaning more towards Tulane.

Anyways, I’ve narrowed down my college choices to two schools: Tulane or UVA. I plan to major in economics in their respective College of Arts and Science’s and potentially double major in something business related. For post-graduation plans, I’m likely to go to the most prestigious MBA program that accepts me. My career goals are a bit more ambiguous, but I’ll probably be doing something finance related.

I’ve visited both of the schools. However, I only visited UVA before the college admissions process in the summer of my junior, not the admitted students’ day. At the time, I didn’t even think I was going to apply. I did visit Tulane on their admitted students’ day. I’ve researched the school’s pretty extensively. Virginia is obviously a much larger school in terms of the student body and has a less faculty members per student (student to faculty ratio). Therefore, I think I’ll receive less attention at Virginia in terms of advising and class sizes. However, most people agree that UVA is more prestigious. While I do know that it’s somewhat superficial to judge a school based on its reputation, a school’s prestige and real-world connections is still important for the job market if I do decide to not pursue the MBA. A lot of my friends regard Tulane as a “party school” i.e. more focused on partying and social life than academics. I sat in on a couple of the classes at Tulane and talked to a couple of the professors and they were quite good, so I know this notion is not true from an insider perspective. Still, this perception is not necessarily good for jobs in the finance industry.

As far as the cities go, I can’t really decide which town/city I like better. New Orleans is a thriving city and Charlottesville is a pretty cool town. New Orleans’s weather is simply too hot and humid for me. Plus it rains all the time. I like Cville’s weather better. However, I know that the nightlife in New Orleans will be significantly better if I go off campus.

Extracurriculars wise, I plan to join a fraternity, run club cross country, and potentially join model un. I know that both of these places have those things. I like the atmospheres of both of the campuses in the student body aspect.

At Tulane, I was admitted into the Honors College and given a 32k merit scholarship. I don’t qualify for need-based aid. I’m OOS for Virginia so it’ll be full pay. Money isn’t a huge issue; I already talked to my father and I’ll be able to pay for both of the places without incurring debt or putting a financial hardship on my family. Nonetheless, UVA is still significantly more expensive than Tulane at around 25k extra per year. I’d like to know if UVA’s prestige and academics is worth the extra money. What is the justification for paying the extra money and going to UVA?

I’d love to hear everyone’s opinions, especially students who go to UVA or Tulane.

Bump

One tactic when you prefer/attend a less renowned/prestigious school is to pursue the school’s academic strengths (providing you have some interest in them of course). Maybe some Tulane folk can chime in here, but I believe their Political Economy major is quite strong, along with Latin American Studies. Tulane is a quality school, overall, so I don’t think you have to worry about a huge difference in career prospects with UVA, but if you can take advantage of what the school does best, you’re effectively closing the gap in quality with other schools. I understand econ isn’t quite the same thing as political econ, especially if you’re bent on finance, but it sounds like your career plans are still a work-in-progress. Tulane grads seem to be quite prominent in government and law, if those routes interest you.

Tulane is the less expensive option, so it doesn’t take any convincing on that front! Plus, you’re in the Honors College in a school with smaller class sizes, so I think you’re right in that you will enjoy more prof interaction. Also, if you are eager to do a grad degree, use it as an opportunity to improve upon any perceived lack of prestige in your undergrad degree (i.e. work hard and get into an even “better” grad school). I think you can do that more freely when you have 100 large in your pocket.

Thank you Dunboyne. As of right now I’ll look into their political economy major. I’ve also found that Tulane’s undergraduate business school is significantly more flexible than Virginia’s. Tulane’s doesn’t have an application requirement nor limited spots for the business school and I can easily switch majors or double majors between the different undergrad schools. So, Tulane looks even better