<p>There are special circumstances where you are allowed to receive extensions on admissions deposits.</p>
<p>The U.S unemployment rate has gone up to 9.1% and the talk around wallstreet all indicate a bleak U.S economy. Jobs and the money market are drying up all over the place, including in wallstreet. Considering the issue regarding Cambridge vs Wharton, a Cambridge degree is a wiser choice for employment at an undergraduate level, especially in the UK, and Asia (where the action is headed). </p>
<p>Having said that, no one is disputing the education that Wharton provides. However, Wharton is more renowned for its MBA program rather than its undergrad program. A good suggestion would be to do your undergrad at cambridge and then pursue an MBA at wharton/harvard.</p>
<p>Remember, you also save a year and a year’s worth of school fees (plus general lower tuition fees!) which is a great advantage to boost your experience and arm you with a head start. Afterall, your work experience is crucial for job placement and to get admitted into a top notch MBA program. In the UK, the top plum and prized placements without a doubt first go to cambridge/oxford.</p>
<p>@411college @Kimathi</p>
<p>the name of cambridge is really weighing down on me, and pure economics at it wwith its tuttial system is genuinely second to none. academically it seems that cambridge wins hands down. but as an individual i think im a lot more agressive than the ‘camb’ econ sort of person - though i dont know how muhc i should give that credit. It just seems to me wharton is the competitive dynamic srt of ‘creator’ that i always hoped to be. I totally agree when it comes to flexibility as you were mentioning, a good undergrad economicsdegree is like learning the alphabet to the world, whereas the finance degree in many ways just become a poet. the issue is, at the moment, i want to be a poet and it seems wharton willget me there faster (if my analogy doesnt fall apart) and ive done some reading on the camrbidge program, and not to sound snobby i feel i might actually get bored</p>
<p>how does a double major in economics and finance at Wharton and Penn sound, i initially wanted to double in finance nad physics (dont ask why, but i hate giving up my science) but do you guys reckon it would give me the breadth and the focus needed? I know penn isnt close to camb in the social sciences but i wouldnt be leveraging my degree</p>
<p>in terms of employment and where i want to be, the west is great, but for me i would like the entire london/nyc environemtn for a few years for the experience and then move onto the middle east and more speicfiacally asia if possible</p>
<p>@littledot Im at St.John’s 
we’re basically the second prettiest after trinity in terms of college grounds, and from what iveheard wharton is prettttttty awesome as far as the entire employment scene goes…what irks me is that in the UK the laws for getting jobs are getting tougher and look to only get harder, meaning as im not a uk/eu citizen im somewaht screwed, also the whole deal on the jobseekers visa keeps chaning with it going from 6 weeks to 6 months…i noticed ur stanford 15 (JEALOUS THE WEATHER IS INCREDIBLE) what do you aim on majoring in?</p>
<p>also thank you to EVERYONE who’s posted. The great thing about these forums is that people who dont know you throw thier opinins at you in the most objective way, its really appreciated that you take some time out of whatever you guys are doing to help me out</p>
<p>@Kafkare born, i paid the wharton deposit to buyme time. its not binding if i dont go to the US/CANADA</p>
<p>If you want to work in Asia, Wharton is definitely stronger in the business community. there is a reason the Ambani’s Mittal’s, Zheng Rui Min, Lee Kuan Yew’s grand kids, and a host of others all send their kids to Wharton before taking over their parents businesses. the business connections are second to none. And economics has 0 relation to actual business so it will not help you when you decide to go back. If you go to wharton, you have the option of never returning for an MBA and going straight to asia. I lived in Asia for 13 years and can attest to everything i’ve said here. Worked at a IB firm in the middle east last summer, working at barclays in the middle east this summer as a freshman all because of the Wharton name.</p>
<p>In terms of getting recruited by elite hedge funds, pe firms, etc, Wharton is second to none. I have a few friends at firms like blackstone etc. He said that at his group at Blackstone with 7 people 4 were from Wharton and one each from other schools. </p>
<p>Take a look at the successful business alums from Cambridge and Wharton, there is no comparison, Wharton wins hands down. Buffett, Perelman, Steven Cohen, and the founder of the business school at cambridge Judge. The list goes on.
<a href=“http://talk.collegeconfidential.com/university-pennsylvania/902457-wharton-mythbusters.html[/url]”>http://talk.collegeconfidential.com/university-pennsylvania/902457-wharton-mythbusters.html</a></p>
<p><a href=“http://talk.collegeconfidential.com/university-pennsylvania/1149854-wharton-vs-lse.html[/url]”>http://talk.collegeconfidential.com/university-pennsylvania/1149854-wharton-vs-lse.html</a></p>
<p>I don’t know very much about Cambridge, but my boyfriend is 2009 CAS econ grad is currently trading FX for Citi; he says the whole floor is basically Penn. My friend in my year (rising Senior at Penn) is a Whartonite and doing equity sales and trading with Credit Suisse in Singapore and HK as her summer internship. And, I’m also pretty sure that banks recruit from Wharton before any other schools, including HYP, in the US. However, that said - Wharton is very, very business driven…to the point that its debatable how much they actually teach (it’s more business mentality and competitiveness teaching). There’s a reason that Penn made shirts where if Penn were Hogwarts, CAS=Gryffindor, Engineering=Ravenclaw, Nursing=Hufflepuff and…Wharton=Slytherin.</p>
<p>With reference to your question about double majoring in economics and finance, there really is no point in doing that. I have a lot of friends studying at Wharton, and doing such a double major isn’t very common. Wharton gives you a a BS in economics and the College a BA in economics. Therefore doing an uncoordinated double degree/major will just become tedious and add more requirements for you to fulfill.</p>
<p>Also, if you graduate from cambridge, you can always get a job in NY or wherever else right after. This would effectively eliminate your problem with getting work permits/visa in the uk. Cambridge will challenge you just as much as, if not more, than wharton, so don’t worry about the course curriculum too much!</p>
<p>Regarding double majoring at penn in finance/econ, there’s really no point, since your Wharton degree will say econ.</p>
<p>Also, CC is pretty much completely focused on US colleges (except for the odd post like yours :P), so I feel that a lot of people on CC aren’t that familiar with Cambridge, and when you pit it against a school like Wharton, the Wharton name would, simply put, be more familiar to us because it’s discussed and lauded so much on this forum, unlike Cambridge. So I think some people are underestimating just how amazing Cambridge is… 
If I weren’t rejected from Cambridge, I would definitely be jumping at that opportunity.</p>
<p>First off, bit congratulations to the OP. Those are two amazing programs, but out of those, I’d have to say Cambridge. Adding to the points made by the people above me, the students in the econ program at Cambridge are significantly less interested in IB (and going to harvard/wharton for grad school) compared to people going to Wharton. Therefore, it’s less competitive for the OP to go to cambridge, as there are less people competing for those spots.</p>
<p>Also, because there are less people at Cambridge interested in IB, there are less people from Cambridge who would pursue those jobs. So while there might be Wharton representation in Middle East/Asia, I reckon that it doesn’t necessarily mean that the Wharton name is strong, only that more Wharton people pursue those jobs. The Cambridge name is significantly stronger, internationally, which would make it easier for one to secure those jobs if one so desires them.</p>
<p>Just my two cents. :P</p>
<p>@kimathi if i DO go, il be at St.Johns…whats the word on that college? though i personally find it difficult to comprehend the differences between them:P</p>
<p>@littledot, i hear what you say, but ive read that the wharton kids in particular are favorites at your goldman sachs etc etc. i hate to sound pretencious, but i would honestly rather have not had this decision to make. I am leaning towards penn, but i think tbh that may be because of the people ive already met there and it generally seems a lot more welcoming than cambridge. case in point, when bahrain (i live there btw) was going through the protests penn sent me this wonderful email saying how if i needed any help i should not hesistate to ask, whereas cambridge upon my telling them sent me a terse one line reply saying 'thanks for the update" (i paraphrase). My reasons are falling flat arent they 
?</p>
<p>also what do you think on a dual major in economics AND finance. i dont think penn is ranked that badly for the social sciences, not cambridge of course, but not terrible</p>
<p>@kimathi, i will be at st johns - whats the word on that college? i havent really checked, if im honest i applied only because a senior in my school goes there as well </p>
<p>also kimathi, what do u think on the employment issue in the USvs UK. im an indian national so more or less screwed wherever i go, with both markets heading towards what seems to be a protectionist stance :(</p>
<p>@littledot i am leaning towards penn though after listenign to you guys i think its because i know the people there through social networks blah blah blah. it just seems that wharton and penn fits better, and now that i type it that reason sounds EXTREMELY wishywashy for a life decision. i kno wit soudns ******y but i wish i hadnt had to make this decision What do u think on a double major in finance and econ at penn though? i know penns no cambridge in the social sciences but it isnt terrible. </p>
<p>also you mentioned the ugrad exp at cambridge ? really? when i visited it seemed a little dead, but maybe thats because interviews are during the time there are no students around? </p>
<p>@411college, thanks for your message what about the wharton 5 year submarticulation thing, where i come out with a BSC in econ and an MBA?</p>
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<p>No, Penn Econ is worse than a community college’s Economics department. Honestly, what do you think?! Penn’s Economics department is downright legendary, and only comes after Harvard, UChicago, MIT and Princeton. Sounds like a pretty good dual-major, imo. (I’m a prospective dual Economics-Management.Sci&Eng major at Stanford so I might be slightly biased 
:p)</p>
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</p>
<p>The UK is very liberal with regards to work visas. I really think you’ve confused the U.S. with the UK. It has become extremely difficult for foreign nationals to work in the U.S. now, whereas UK regulations haven’t changed since 2004.
This article touches on the situation slightly: [In</a> Silicon Valley, Recruiting Clashes With Immigration Limits - NYTimes.com](<a href=“http://www.nytimes.com/2009/04/12/business/12immig.html]In”>http://www.nytimes.com/2009/04/12/business/12immig.html)</p>
<p>Keep in mind, it has gotten much worse since that article was published. Do not expect U.S. firms to sponsor your visa. They face too much regulation to go through the hassle.</p>
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<p>I’m currently interning in an IB firm in London, all because of my High School’s name. What’s your point? Lol honestly, kafka, if you actually think Wharton places better than Cambridge or Stanford or Harvard, then I have nothing to say to you. 20, or maybe 25 in a good year, out of 650 get PE/HF straight out. The rest get jobs everyone else gets. And a good portion of those PE/HF gigs go to M&T and Huntsman folks, and other Whartonites who have mad connections. Choosing a school just so you can have a 4/650 chance of landing PE straight out is ludicrous. Lastly, IBD at a top firm actually has better exit opps than PE, because of the wider range of skills one gains from IBD.</p>
<p>If this were M&T/Huntsman vs Cambridge, I would tell the OP to go to Penn. But in Wharton vs Cambridge, where recruiting is equally as good at both, it’s hard to recommend an extra year of tuition and lost work experience that would result from the OP attending Penn.</p>
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<p>From what I’ve read, you have to be exceptional to get in. But anyways, an MBA without work experience is about as worthless as it can get. You do realize that, unless you get lucky and get PE/HF, you’ll still be an analyst at a BB regardless of the MBA right?</p>
<p>Stanford GSB has a direct entry program too, but they actively discourage us from pursuing it. An MBA without work experience is, in most cases, no better than undergraduate business degree.</p>
<p>@kimathi, i will be at st johns - whats the word on that college? i havent really checked, if im honest i applied only because a senior in my school goes there as well </p>
<p>also kimathi, what do u think on the employment issue in the USvs UK. im an indian national so more or less screwed wherever i go, with both markets heading towards what seems to be a protectionist stance :(</p>
<p>@littledot i am leaning towards penn though after listenign to you guys i think its because i know the people there through social networks blah blah blah. it just seems that wharton and penn fits better, and now that i type it that reason sounds EXTREMELY wishywashy for a life decision. i kno wit soudns ******y but i wish i hadnt had to make this decision What do u think on a double major in finance and econ at penn though? i know penns no cambridge in the social sciences but it isnt terrible. </p>
<p>also you mentioned the ugrad exp at cambridge ? really? when i visited it seemed a little dead, but maybe thats because interviews are during the time there are no students around? </p>
<p>@411college, thanks for your message what about the wharton 5 year submarticulation thing, where i come out with a BSC in econ and an MBA?</p>
<p>UGH im so sorry about answering questions agian and again i didnt see the new page thing - so sorry guys if i sounded like a tool</p>
<p>As someone mentioned earlier, to firstly be allowed to submatriculate, you truly need to stand out among your peers (a feat which is very challenging, considering you would be at wharton). There is therefore no guarantee of admission. Also, it is better to have gained some work experience before doing such a program, because remember, your mba classes will be with other mba students, who are much older and will have much more experience. I would therefore advise against submatriculating.</p>
<p>I think a double major, especially with one in wharton, is suicidal! </p>
<p>and if your reasons are falling flat, they’re not really reasons at all :P</p>
<p>St. John’s is great! You are quite right in saying that it is the second most attractive college in Cambridge! (Trinity obviously takes the cake :p) I think that with a degree from either, you will be well versed for awesome job opportunities in the UK, US and other international markets. Both are very highly regarded institutions! However, Cambridge will give you an edge due to the prestige (not so much though). You of course will have problems looking for employment due to you citizenship status at either Uk or US but considering the two institutions you are considering, you are in a better position than majority of other international students. Just ensure that you make good contacts with firms during your undergrad career through internships and such! 
</p>
<p>I’ll let you in on a similar dilemma I recently had! I was choosing between Harvard and The Management and Technology program at Penn. M&T is a program was was literally designed for me, I loved how it focused on the intersection between my two passions (business and engineering) and I thought the staff at the M&T office were pretty cool and the extra attention they gave the M&T group was great. However, I was IN LOVE with Harvard. The residential college system was perfect, a couple of courses the offered I found REALLY interesting (though admittedly none as perfect for me as M&T) and I loved the air of intellectual pursuit there (I was not too crazy about the overt pre-professionalism at Wharton, I’m more of a learning for the sake of learning kinda guy.) My head wanted Penn but my heart wanted Harvard. So, if I have not made it painfully obvious yet, I chose Harvard. I realized even if I am not as prepared for an entry into IBanking and finance as I would have been had I gone to Wharton, that door is not completely shut. Admitted recruiting is most rigorous at Wharton, but it is also pretty big at Harvard, and Cambridge (some would argue that all three are about the same level, but I am not sure about this so lemme not dwell on it!) </p>
<p>Now all that, JUSTIFICATION, I did after I realized my heart wanted Harvard. It could easily have gone the other way. Had I chosen Penn, I would have identified loads of things I loved about it and loads of things I did not like about Harvard. If you can find out what your heart really wants, you can justify the choice later. As many people must have said before, you cannot go wrong with this decision.</p>
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<p>The UK is much more liberal with regards to foreign workers’ visas than the US! </p>
<p>Good luck getting a US employer to sponsor your H1B. The number of H1Bs issued has been cut by over 70%! Do not expect US employers to sponsor your visa. I suggest you read recent articles on this issue.</p>
<p>See this CNN report: <a href=“http://www.youtube.com/watch?v=s_A9rhSMRzg[/url]”>http://www.youtube.com/watch?v=s_A9rhSMRzg</a></p>
<p>Oh, and it’s gotten much worse. If you’re looking to work abroad after college, go for Cambridge.</p>
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<p>It’s actually pretty standard to start as an associate at most BB IBs if you do the submat. At least from the 5 friends I have in my class ('08) that did the submat all 5 started as associates at either their respective PE firms (one is at KKR, the other at Carlyle, and the other at TPG) and their BB IBs (one at GS and one at MS). </p>
<p>Here are a couple of sample guys from my class in case you dont believe me:
<a href=“Sign Up | LinkedIn”>Sign Up | LinkedIn;
<a href=“http://■■■■■■■■■■■■■■■■/profile/view?id=36260434&authType=NAME_SEARCH&authToken=kjTI&locale=en_US&srchid=8455fa53-3549-4a46-9d32-b68dfb43807f-0&srchindex=1&srchtotal=10&goback=.fps_PBCK_jed+cairo_*1_*1_*1_*1_*1_*1_*2_*1_Y_*1_*1_*1_false_1_R_true_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2&pvs=ps&trk=pp_profile_name_link[/url]”>http://■■■■■■■■■■■■■■■■/profile/view?id=36260434&authType=NAME_SEARCH&authToken=kjTI&locale=en_US&srchid=8455fa53-3549-4a46-9d32-b68dfb43807f-0&srchindex=1&srchtotal=10&goback=.fps_PBCK_jed+cairo_*1_*1_*1_*1_*1_*1_*2_*1_Y_*1_*1_*1_false_1_R_true_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2_*2&pvs=ps&trk=pp_profile_name_link</a></p>
<p>and to answer the OP Cambridge if you want to work in London, Wharton for NY. Honestly when comparing schools of this caliber they will all pretty much open up the same doors in terms of recruitment (yes maybe some firms on recruit at Wharton, some only at Harvard, some only at Cambridge), etc. At the end of the day that should not be your deciding factor. You should base it on what curriculum you like better, location, the university’s environment / vibe, etc.</p>