<p>Just to clear things up, the “flagship” that I have an option at is University of Texas at Austin…so a pretty good school I would say.</p>
<p>It is HELLA good.</p>
<p>I figured it was a decent option 
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<p>I was like…CSUs?? Why would he ever be picking between NU and a CSU or CUNY?!</p>
<p>That said UT-Austin and NU are reallyyyy different…in size, if in nothing else. Texas is a monster.</p>
<p>I never said he was picking between a CSU and NU. I simply pointed out that yes, it would depend on what tier his “flagship state school” was at. </p>
<p>And I stand by my point that also depending on what type of career he’s interested in, a private school may be a much better choice. This issue is probably most relevant if he’s even remotely interested in IBD. With respect to other careers, I cannot speak to them as much.</p>
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<p>I think both sides have good points. But I just want to point out that names don’t tell the whole story. JPM or BofA go to many schools for back-office/operation/IT positions; but when it comes to positions in IBD, it gets much more selective. KPMG, Deliotte, PwC go to everywhere to recruit for their auditing/tax practices. Also, having names shown up on career center website/job fair for resume drop is entirely different from firms actually coming to conduct on-campus interviews.</p>
<p>As far as recruiting from top consulting firms, NU looks pretty good.</p>
<p>For McKinsey, NU is better than many on the list, which is already narrowed down to less than 50 schools:
[Home</a> | US Schools | US Schools Recruitment](<a href=“http://www.mckinsey.com/careers/us_schools/home.aspx]Home”>http://www.mckinsey.com/careers/us_schools/home.aspx)</p>
<p>[BCG</a> - Join BCG - On Campus](<a href=“http://www.bcg.com/join_bcg/oncampus/default.aspx]BCG”>http://www.bcg.com/join_bcg/oncampus/default.aspx)
Both recruiting directors went to NU undergrad. <a href=“http://www.bcg.com/join_bcg/oncampus/northwestern.aspx#meetourteam[/url]”>http://www.bcg.com/join_bcg/oncampus/northwestern.aspx#meetourteam</a></p>
<p>“JPM or BofA go to many schools for back-office/operation/IT positions; but when it comes to positions in IBD, it gets much more selective. KPMG, Deliotte, PwC go to everywhere to recruit for their auditing/tax practices. Also, having names shown up on career center website/job fair for resume drop is entirely different from firms actually coming to conduct on-campus interviews.”</p>
<p>Just so you know, at MD this is not the case. I know for a fact Deloitte is obsessed with Maryland and recruits heavily in all areas and not only conducts on-campus interviews but is always hanging around and making annoying presentations all of the time. They are not snobby in the least and I highly doubt most of their interviewers would give a damn if you went to Princeton or UTexas. NU? That’s going to make even less of an impact.</p>
<p>All of the companies I listed were also part of a special “recruiting partners” manual that didn’t include everybody under the sun. It wasn’t just a career fair manual. So I assume the other companies I listed also actively recruit across the spectrum.</p>
<p>Decent state schools should get a fair pick at A LOT of firms. I didn’t see Goldman Sachs on the recruiting partners list, but just because not every single top firm does on-campus interviews/actively recruits doesn’t mean your options are going to be severely limited if various other top firms recruit. Honestly, if the firm is that elitist that it only wants people who can afford private school educations, is that really somewhere you want to work, anyway? If you do, well then fine…I personally would find that to be a toxic environment. </p>
<p>And FINALLY, this is ONE career and ONE aspect of the opportunity…it pops up all the time when people do a state school versus private thread. In any case, a lot of people at decent state schools are interested in investment banking, and the good performers do indeed end up there - plus they have the money left over to relocate to the best cities ;). And the majority of people in GENERAL at NU and elsewhere aren’t looking to go into investment banking at all -_-.</p>
<p>Indeed, I agree that it depends on the state school and career choice…some people at MD have complained that the business school doesn’t do as good a job with recruiting as they like…but again, it also depends then on the top school and career choice, as I assume not all top private schools have great investment banking recruiting opportunities either. </p>
<p>I stand by my point that IF the state school is a good fit for you and you don’t like NU, or aren’t crazy about NU, there is NO POINT in going there full pay unless you are obnoxiously rich (even then what’s the point of going to a school you aren’t excited about? Esp. an expensive one?). This is just ONE aspect out of many and comments like “don’t whine then if you don’t get into a good graduate school or get a good job” are about the most ridiculous BS anyone could ever say. It honestly makes people who go to NU look bad (though the OP isn’t doing a great job making himself look good either, since he also comes off as a sour grape).</p>
<p>Deloitte/PwC/KPMG aren’t nearly as selective as the Investment Banks. Also, their McLean, VA offices recruit heavily at Georgetown/George Washington/Maryland for their huge federal management practice (besides Auditing/Tax), which is not nearly as sexy as commercial management consulting.</p>
<p>You do bring up a good point that good state schools aren’t limiting overall. But for positions with places like GS, McKinsey, BCG, it seems to be true that there’s significant difference in terms of recruiting. Even at top schools, really only a minority of the students will get placed into those firms.</p>
<p>^The point was that all of the companies I listed recruit across the spectrum, including the investment banks. Also Deloitte does not just recruit for federal ;). McLean office includes commercial management consulting, and you better believe they’re looking for that. </p>
<p>It seems people always want to make the gap seem much wider than it is. YES all schools have a list of certain companies that recruit there. Usually, the lists are a lot closer than people think. Perhaps a few may be excluded, but I assume this is also the case at a lot of private schools on NU’s level as well, so I agree it is just good practice then to think about these things when applying if that is really your goal (and not good practice to simply rule out the flagship state uni).</p>
<p>However, there’s no doubt you can make bank going to a state school. And, if you’re so obsessed with working for Goldman Sachs or other firms that ONLY recruit at the BEST schools everrrr, I’m pretty sure that’s all you care about, right?</p>
<p>This is a very niche thing we’re talking about here.</p>
<p>^What I was trying to say is Deloitte/PwC/KPMG have huge consulting arms and their McLean offices recruit the local schools actively for their many positions (tax/audit/fed consulting/transfer pricing/credit risk). Their busy activities at UMCP is great for the school and it makes perfect sense to go to UMCP for less money instead of Georgetown for those jobs. But that doesn’t mean IBD with CS, DB, Barclays, and GS conduct first-round interviews on campus at UMCP. There’s a big leap there. The “recruiting partners” list doesn’t prove that either. When I said commercial management consulting, I meant the practice with firms like McKinsey, Bain, and BCG. Yes, we are talking about a very niche thing here but it seems like you were sending mixed messages and suggesting even the difference is negligible in that niche.</p>
<p>I would rather study in NU than in Cornell, Brown or Datmouth.</p>
<p>First, as I’ve stated many times before, my daughter was admitted to Yale and turned it down for Northwestern.</p>
<p>Second, my husband went to a state school, became very, very successful and always recruits from state schools. I agree with the poster who said the recruiting lists of companies are much more similar than you might think.</p>
<p>^Thank you. I have also heard this from employers in top firms.</p>
<p>Barclays comes to the UMD campus…idk about the others. I can’t find employment statistics from anything more recent than May 2008 (which isn’t ideal), but I don’t really feel like delving into this as we’re talking about UT Austin now and my own uni was just a stand in to represent state flagships overall. In that year Goldman Sachs and other big names listed had a handful of hires each. I honestly don’t think the name on the resume is going to shut you out of those jobs…perhaps, in the cases of particular firms which may be more elitist than others, you’re going to have to make your resume stand out more than if you had gone somewhere else, or put in extra effort networking. But that doesn’t translate into “perfectly good candidate shut out”.</p>
<p>I think it is a hugely inaccurate to say, NU is always going to give you so many more investment banking opportunities than X state school that you’re not going to get a job you’re happy with. You really need to look into things more closely. The difference is OFTEN exaggerated, CERTAINLY in fields outside of investment banking, and even to a certain degree within that field. </p>
<p>If a flagship state graduate is “whining because they didn’t get a good job or get into a good graduate school” they probably don’t have the name on their resume to blame. It is much more likely that they acheived mediocre grades, mediocre experience, mediocre interviews etc. A close friend of mine turned down Harvard and Columbia for UMCP, has his sights on investment banking, and you know what? He’s gotten fantastic internships and I really don’t think anything is going to hold him back. </p>
<p>That said, if you are not excited about NU, if your state uni is a fit, what the heck is the reason to pay 50K for NU? And, in the OP’s case, is he even interested in investment banking anyway???</p>
<p>umcp11,</p>
<p>The “handful of hires” don’t tell the whole story. Like I said, all the IB firms hire many back-office positions. Accounting, corporate finance, IT are examples and those firms do go to many schools, particularly state schools because their large accounting or IT programs are best suited for those firms’ recruiting needs. In fact, those firms would be wasting their resources to find candidates from Ivies for those positions. What you need to look at is what divisions those hires went to. Maybe UMCP grads did get IBD positions; but you don’t know that for fact yet and you can’t just go off the names you saw and start making assumptions/conclusions.</p>
<p>That said, I agree that it’s probably wise not to give up in-state tuition and pay 50K/yr for NU even if the person is seriously interested in IB. There is still a huge difference between NU being a target and a particular student actually getting a job. It’s a >$100K gamble.</p>
<p>Also, I am not saying if the firm doesn’t conduct first-round interview on campus, the student would have no chance. All those firms do set up resume drop for anyone to apply on-line. There would be no point doing that if the chance is zero. But it’s much harder to get an interview that way because you are competing with probably thousands. If the firm comes to your school for a day and there are, say, 30 interview slots, you just need to be in the top-30 among the ones applying for the interviews <em>within your school</em>.</p>
<p>Ok, I’m not going to sit here, give you the list of recruiting partners, then go onto the career site and list the hires, then call the career office to ask specifically about who got hired where ETC ETC ETC. I’m willing to bet you haven’t done this either for a sampling of flagship state schools.</p>
<p>Cuz frankly, if one is interested in investment banking, one can do that himself/herself. I am fairly certain major firms recruit at this campus, and these major firms recruit across the spectrum. I do not know how many major firms. I would say, based on what I’ve heard from employers, the 100K is worth your time to look into your state flagship, rather than base anything on broad generalizations on CC.</p>
<p>With that, I will leave you with UT Austin’s undergrad business rankings: </p>
<p>Departments, Programs, & Specializations: Undergraduate</p>
<h1>1 Accounting, U.S. News (8/09)</h1>
<h1>2 Undergraduate, Public Accounting Report (10/09)</h1>
<h1>2 Ethics, BusinessWeek (3/09)</h1>
<h1>3 Marketing, U.S. News (8/09)</h1>
<h1>4 Management Information Systems, U.S. News (8/09)</h1>
<h1>4 Management, U.S. News (8/09)</h1>
<h1>6 Finance, U.S. News (8/09)</h1>
<h1>6 Accounting, BusinessWeek (3/09)</h1>
<h1>7 Insurance/Risk Management, U.S. News (8/09)</h1>
<h1>8 International Business, U.S. News (8/09)</h1>
<h1>8 Production/Ops Management, U.S. News (8/09)</h1>
<h1>9 Entrepreneurship, U.S. News (8/09)</h1>
<h1>10 Quantitative Analysis/Methods, U.S. News (8/09)</h1>
<h1>10 Real Estate, U.S. News (8/09)</h1>
<h1>12 Supply Chain Management/Logistics, U.S. News (8/09)</h1>
<h1>14 Sustainability, BusinessWeek (3/09)</h1>
<p>Not too shabby. </p>
<p>I doubt the recruiting there is going to be substantially different than it is at NU. For the OP, he can check into that and find out for himself.</p>
<p>Oh it’s #6 overall. Ranked above NU…yeah.</p>
<p>^That’s because NU has no undergrad business program. Neither do HYPS, Duke, UChicago, Dartmouth, Columbia…etc. And Texas is probably top-5 among the state-flapships with significantly less competition in the South region anyway so it’s no way representative of others. </p>
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Well, I have seen IB websites showing their recruiting events; they conducted on-campus interviews at only a handful of schools (even quite a few top-25 private schools got “resume drop” only; there were a few state schools but it’s pretty much limited to Ross, Haas, UVA, and maybe Texas) for their IBD positions. They are similar to the links I posted for BCG and McKinsey in post #45. The only difference is there are more schools on the menu because those firms also go to lower-tier schools for back office positions. The cycle for this year has been closed so those websites are no longer showing anything.</p>
<p>By the way, I just saw your exchanges with aquamarinee. Just so you know, I think aquamarinee went to BB superday in NYC.</p>
<p>I hate to party-poop after all this deliberation…but I’m not doing Investment Banking or anything finance.</p>
<p>I plan to major in Biomedical Engineering. After that I will either go to Med school or Business School ( or both, MD-MBA joint degree lol). </p>
<p>So, opinions on where to go? Will it make a difference?</p>
<p>If there’s significant difference in financial offers, go to the cheap one. Engineering firms are not that elitist.</p>
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<p>Yup, I’ll be working in NYC this summer 
Won’t say much more or else it’ll be easy to identify me. Haha…</p>