In-State Berkeley vs Wharton Undergrad

[ucbalumnus]

@TaylorDo

By the way, my household income is 150,000+ but I have 2 other siblings going to college at the same time, so my family doesn’t have enough money to pay for Wharton. I will probably have to take out loans in that case.

This pretty much takes UPenn / Wharton out of being a realistic option. Loans beyond the federal direct loan limit ($5.5k first year, increasing slightly later years) require cosigners like your parents, a very bad idea if they and you do not really have the money.

Besides, admission to either is not assured. (Also, the UCB business major is competitive admission in one’s second year of college.)

Here is an older (2012) thread about IB recruiting at UCB:

Economics for Investment Banking?

<p>I’ll be interning at a bulge-bracket investment bank this summer (junior), so I can shed some light on this:</p> <p>Major: Everyone views Econ majors as Haas rejects. Unfair, but largely true. When the banks are reviewing resumes for internships, they look at your major first, and that’s what they’ll think. Other common majors are Stats, some sort of engineering, Applied Math. All of those are “technical” and look good, (more math/CS = better), but Haas is fine. All the kids going to Goldman this summer are Haas majors, IIRC.</p> <p>Clubs: Delta Sigma Pi, Alpha Kappa Psi, and Beta Alpha Psi are the three business (co-ed) fraternities on campus. You won’t learn anything there, but all the kids in there are interested in doing banking, and most, if not all the Berkeley kids who DO get banking jobs were involved in those fraternities, so you can network with current alums bankers pretty easily. If you don’t care about anything except getting a banking job, these would be the guys t…