IU Kelley vs. NYU Stern for Finance

Colleges and Universities A-Z Indiana University - Bloomington
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<p>Hey,</p>

<p>I’m a current Kelley freshmen, and I’m from NJ. A lot of business majors are from NJ actually. </p>

<p>I didn’t get accepted to Stern ED last year, but my best friend is going to Stern and since I’ve visited during Spring Break, I guess I can give you both sides of the story?</p>

<p>Why Kelley > NYU

  1. Careers office. Above posters are saying Kelley doesn’t land that many people in great jobs, but the things is that the Kelley school has a specific career office for Kelley students (UCSO) and it offers at least one networking event per week - sometimes even daily. If you take these opportunities seriously, you can get a great job. I just went to one an hour ago with a panel of 3 Finance majors in their senior year – one is working in IB in Chicago due to the internship he had with that form, one is working a very small financial something company and the third will be an Auditor for PWC in DC for next year. Basically, there are a lot of opportunities, and you will be able to get a great job you’ll love. The UCSO brings tons of recruiters to campus, etc. etc. What I’ve heard about Stern is that A LOT of people get the <em>amazing</em> jobs through connections, and for others, there are opportunities but overall, I think the careers office at Kelley is better.
  2. IB Workshop: I don’t know much about it, but check out the website and read some resumes to get an idea of what people do during their time here. [The</a> Investment Banking Network at Indiana University: IBA Index](<a href=“http://kelley.iu.edu/ibn/IBW/workshop.cfm]The”>The Investment Banking Network at Indiana University)
  3. Classes are much easier then Stern (but still teach you plenty), and if you love business then you’ll love Kelley for not forcing you take a lot of liberal arts classes. You have to take 9 classes of non-business, but there are so many departments at IU that it shouldn’t be difficult. Also, IU takes A LOT of AP credit. Stern barely transferred anything for my friend, so last semester she took Microecon again (even though she got 5 on AP exam), Calculus (even though she took AP Calc AB AND BC and got a 5) and other classes I can’t really reflect on, but you get the picture. (I got a 4 on Econ, and a 5 on AB and I don’t have to take either ever again [even though I’m an Econ minor!]) I got to take like 4 business classes, a math class and a journalism class. I took more classes then she did, but trust me - I had much less work, and better grades. GPA is very important in landing business jobs. They don’t especially care what classes you took, but they care about GPA.
  4. Finances: Kelley has a system of like 100 scholarships, so you can get more aid in future year. Also, study abroad allows you to use the 9,000 (merit) scholarship and the fees are pretty much the same as IU’s. However, tuition went up by 3K this year. There’s also flight costs, but round-trip from Phily is about 125$ with 15$ round-trip shuttles. It’s not bad at all, as long as you buy in advance. I just found out that AirTran has student stand by tickets for $70 one way to LGA the day of a flight, so that’s a great thing to if something comes up and you have to go home ASAP. But, fly from PHL or EWR. I flew to/from LGA for Spring Break, and it was awful, and the costs to get to/from home made up the difference and more in flight tickets.
  5. Housing. At IU, you have tons of options starting Sophomore year. Frats, apartments, houses, dorms, etc for about 500$ a month. Since monthly rent is monthly, you can spread out the payments and it’s easier to pay. At NYU, you will pay 10K for a hole in the wall on ““campus”” or a bit less in Brooklyn or another nearby town. IU dorms are old, but that’s life. Next year, some people are living with granite counter-tops and garages - their sophomore year.
  6. Street smarts. IU: you can apply for a week long program traveling through India and meeting top executives and government officials, while seeing the real world of India the summer after your freshmen year. Also, crossing the streets at IU is almost as dangerous as it is in NYU, but thankfully they put up more crosswalks.
  7. Variety of majors, clubs, etc.: Finance here is great, but so are all the other business majors. The people and professors are more down to earth, and they come from all kinds of backgrounds. The amount of clubs is endless… while at NYU, they offer free lunch just so that people join since most business clubs don’t have that many people. There are some downsides to Kelley clubs, mostly that you have to apply to get a position in them instead of just being a general member, but there are a lot of opportunities to be a general member as well.</p>

<p>All in all, I love Kelley, and I have way more things to add, but hopefully you get the picture. I can answer anymore questions you have as well.</p>

<p>PS: I can’t believe you are getting into Stern with a 1260. I had a 1410… =/</p>

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<p>tulanefanatic,</p>

<p>You have previously stated that you had a 3.35 gpa and 1260 SAT and never took an AP until senior year. You have also stated that " I am the type of kid that will start to care more about gettin with girls and partying than my work". The work load at Kelley is very challenging and there are many bright ,hard working students here . As Lyesa points out, people with stats much higher than yours get rejected from Stern. While your alumni connections may have helped you get into Stern, do you really think you are prepared for the work load? I would think Kelley would be challenging for you, Stern would be very challenging. Just something to consider. I do not think you can go wrong with Kelley. Good luck.</p>

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<p>Lyesya,
Thanks for the tip about last minute flights to LGA. Good to know, I am always learning something new on this forum. Great post.</p>

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<p>Don’t private schools genereally give out grants so it would cost the same as going to a state school (unless it’s instate of course)?</p>

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<p>tulanefanatic,</p>

<p>you didn’t get into nyu stern. coming from the tri state area your probably going to IU as a university division student and hope you get into Kelley after your freshmen year. you can contact him to gain more “insight”
<a href=“http://www.nyuakpsi.org/members_pranavgupta.html[/url]”>http://www.nyuakpsi.org/members_pranavgupta.html&lt;/a&gt;&lt;/p&gt;

<p>lyesya,
if you have enrolled in x-220 please look at the UCSO career journal listings and tell the viewers the “great opportunities” for internships/full time Kelley currently has for their students. If you do not have access to it please ask one of your peers for it. Next, ask your friend from NYU stern to show you their career listings then please compare.</p>

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<p>college2007-</p>

<p>It’s almost Summer, so there are not that many opportunities left as they have all been recruited for, so I can’t really do the screen cap of the page. Plus, the UCSO has already told us that opportunities are down, because of the economy, but there are a lot of companies that continue to recruit at Kelley even if they are struggling. However, there are hundreds of opportunities all throughout the fall and beginning of spring semester. Their quality may be lower than that of NYU, but at this point in my life, I don’t care if I make 5 to 10 thousand dollars less than someone graduating from Stern as long as I love my job, and I believe the variety of opportunities at Kelley are great to find it. Stern, on the other hand, has a surplus of Finance majors and the competition is cut throat. Although it matters what you first job is in terms of getting you to climb the corporate ladder, I really considered the fact that I would come out of Stern 100K or more in debt if I had gotten in/went there. That debt grows due to interest, and it’s just taking out of your paycheck that may be 5 to 10 thousand higher than that of a Kelley grad who is debt-free (in most cases).</p>

<p>Actually, I tried to look it up but all I found were statistics on BusinessWeek -
Average starting salary from Kelley: $51,000
Average starting salary from Stern: $59,800</p>

<p>Okay, so the numbers are really different, but I just know that Kelley has one of the best career offices for business students in comparison to most business school with some exceptions – like Stern due to its location/business connections/prestige/etc.</p>

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<p>Here are some recent IU finance numbers. Chicago is the top destination of IU finance grads. Factor in the lower cost of living than NYC.</p>

<p><a href=“https://ucso.indiana.edu/cgi-bin/brochures/Finance.cfm[/url]”>https://ucso.indiana.edu/cgi-bin/brochures/Finance.cfm&lt;/a&gt;&lt;/p&gt;