<p>I'm a Highschool senior who is applying to all undergrad business schools and also the non-business-school ivys</p>
<p>Now I understand that for clear reasons, its definitely better to come from schools like Harvard, Wharton, Dartmouth, Columbia, Chicago MIT and such, than it would be coming from schools like Stern, but I don't understand why people are so negative about Stern. What is the REAL problem that makes it so looked down upon? The students have the 3rd highest average or median SAT scores behind Wharton and Wash u Olin, meaning that they'd have to be pretty smart to get in, their graduating class income is comparable to Wharton's at about 70k base, the job placement is 98%, they're ranked #2 for Finance and #5 in general, and it's located right in NYC/Wall street where everyone seems to get a job/internship somewhere... what's the problem? </p>
<p>The only problems I see so far are: </p>
<p>-NYU < Ivy's + Other top caliber schools in terms of name/prestige, but it doesn't seem to be lacking that much of a name on wall street, both my brother and dad work at BB firms and say "Sternies" are all over the place in the big name companies
-Lack of campus/community/traditional college experience (at least you get all of NYC to explore)
-Expensive tuition+living costs with sub-par financial aid (Money isn't a concern for me but I can see why this is problematic)
-Cut-throat competitive environment (but that environment is exhibited in all the other top universities as well except maybe Brown...)</p>
<p>But other than that, that makes it so bad? How can people go wrong if they go to Stern? </p>
<p>Non-biased responses would be greatly appreciated :)</p>
<p>Don’t know who you’ve been talking but Stern is an extremely solid school and places lights out for finance. Pretty much every BB, boutique, and MM under the sun recruits at Stern, and the school is a finance factory. For, almost every BB & Elite Boutique NYU Stern is in the top 2 or 3 after Wharton & Harvard in terms for placement except for the low tier BBs (BAML, UBS, Deutsche) where it places only slightly above average. Some of these companies even recruit the most from Stern. The location advantage is huge b/c while students at other universities are just going to classes Sternies are doing internships, meeting people in the industries they are interested in so this really gives Stern students a huge leg up come recruiting time. It’s also very easy for the firms to come to campus and pretty much every week or several times a week without fail you’ll hear of a couple of these firms having events at Stern. </p>
<p>Only schools on your list that it’s better to come from would be Harvard & Wharton. </p>
<p>I think job wise it’s not looked down upon, but I don’t think students pick it as much because frankly your college experience sucks. Yea you are in one of the best cities in America but unless you have money to blow you aren’t living it up. You have no campus, no collegiate sports teams, no real sense of your college life. Now that might not sound important to you and that is what I thought too. I thought it wouldn’t matter to me because I wanted to be an adult and out in the world very badly but when I saw a random nyu dorm at Union Square, all I could think is “where do I go have a party?” So the more I thought about not playing frisbee on the quad or drinking with friends outside a frathouse and I realized that those simple things aren’t superficial, but they add to school spirit. Thats the “REAL” problem. Its not some secret. </p>
<p>Also NYU doesn’t have the same level of prestige as other schools because frankly its not that selective. I would consider BC business harder to get into that Stern (and exponentially more fun)</p>
<p>BC Business is definitely not harder to get into than Stern. You won’t see too many BC alumni on the Street.</p>
<p>Kids at NYU have a lot of fun - partying in NYC is so much fun. There are parties at clubs, bars (a lot of organizations rent out places to throw parties). Several frats own lofts where they throw parties as well as rooftop parties. NYU also has a ton of opportunities to study abroad if you ever need a campus and want to get away from such a metropolitan city for a while. You really get an awesome experience at NYU, and I am still in awe at the opportunities this school provides. The only scary part in Stern is that you hear of students getting internships at JPM, GS as freshman and you get scared into thinking that you are not doing enough to compete with these kids.</p>
<p>Students at campus get tired of that scene after their freshman year, and I cannot tell you how many of my friends that go to campus schools wish they went to a city school. You could live in NYC for 10 years and still barely scratch the surface of the nightlife offered in the city. </p>
<p>"Students at campus get tired of that scene after their freshman year, and I cannot tell you how many of my friends that go to campus schools wish they went to a city school. You could live in NYC for 10 years and still barely scratch the surface of the nightlife offered in the city. "</p>
<p>Those are to different statements of which the first I am skeptical of because I have never heard of somebody saying “I really wish I had no campus” ie. NYU, GW. Maybe Columbia level city access…NYU has a 92% retention rate for a reason…people transfer out! </p>
<p>The second statement I agree with, but lots of the mainstream things (sports games, fine arts etc.) are difficult to access for a college student because not many kids have $200 for knicks tickets or a Broadway play. </p>
<p>Also you don’t see many non-mbas making real money on wallstreet</p>
<p>What I meant by the first statement was that many of friends wish they had access to bars, clubs and the NYC nightlife. Yes NYU only has a 92% retention partly because of that reason as well as people realizing that they can’t afford to go the school. Stern, however, has an extremely high retention rate, and that’s why its difficult to transfer in (Took <25 external transfers out of 1000+ applicants last year).</p>
<p>To the OP - Give NYU Stern a visit - talk to the people here to gauge what life is like at Stern. Also do some more research on the school - you’ll just be amazed by how much it offers. Check out some of my other comments on Stern too and feel free to ask me any questions about the school. </p>
<p>@qwertyzxc I completely agree with what you say about the school and its good to see that you have such great school spirit! But one thing that puzzles me is the undergraduate school’s reluctance to post any information/statistics, either about acceptances into the college, or its placement into careers. I noticed the Wharton and Ross undergraduate schools provide very detailed profiles about the breakdown of their job placements and median income/bonus etc… I was wondering, do you have any statistics about the specific number of people that Stern places into each company for legitimate jobs after graduation (intern information would be good also but mainly concerned about jobs)? If so, would you mind posting some of this information please? </p>
<p>@Bayernmunich31 I see how people who can’t afford the NYC lifestyle would not enjoy/desire NYU’s environment. I feel fortunate enough to say that money isn’t a problem for me and I’ll probably have the time of my life swiping my parents’s credit card haha 
</p>
<p>I also see how you gave the traditional “campus, community, connected-ness, cost competition” pitch that I already touched upon in my original post. Are there any other problems with the school or its students though? </p>
<p>Stern does not publish those statistics but they can be found with I would say a high degree of accuracy by using LinkedIN. If you sort by company and then by title of the job you will see just how strong Stern is in finance. Of course the assumption you have to make is that most people have LinkedIn and that they update it regularly. For Example @ GS if you look up Investment Banking Analyst (current) you will see. This kind of pattern is mostly consistent across most banks - GS is an exception here with Wharton having substantially more but usually you will see Wharton with a couple more than Harvard & Stern and a drop off in numbers when it comes to other Ivies/Top Schools. In some cases you will see Stern having the most analysts.This kind of placement at Stern can be attributed to ease of access to talk/network w/ analysts during the year. This is precisely the reason why many students pick Stern over many top non-HYPW schools/ivies. </p>
<p>You can pretty much do this for any company and role, and you should get some fairly accurate numbers. </p>
<p>UPenn + Wharton: 28
Harvard: 18
NYU + Stern: 16</p>
<p>The next largest is UMich I believe with 10. </p>
<p>Does “Current” mean class of 2017 in college? Or does it just mean currently working there and part of any graduating class year?</p>
<p>And it seems like Ross is relatively better represented though, since:</p>
<p>Ross BBA is only half the size of Stern Undergrad (1300), but additionally, only about 40% go into finance, 16% into iBanking and 91% recieve a job offer within 3 months, and both median and mean starting bases are 69k?</p>
<p>vs Stern, which has 2400 students, where 50+% go into finance, probably a great deal into iBanking, and only 67% get a job offer within 3 months where the mean is 67k? </p>
<p>I was just digging around today and compiled this information from these two sources for undergrad stats:</p>
<p><a href=“http://www.bus.umich.edu/pdf/EmploymentData2013.pdf”>http://www.bus.umich.edu/pdf/EmploymentData2013.pdf</a>
<a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?;
<p>Don’t get me wrong, I still view stern as a great place, but I was very surprised to see Ross have a seemingly more impressive placement report… please tell me I’ve made a mistake somewhere lol </p>
<p>I don’t know what’s up the 67% number - that number should be 97 -98%. You didn’t make a mistake - you’re just forgetting to account for all of the nyc boutique and middle market banks as that Stern students go to that Ross students don’t have access to. </p>
<p>@qwertyzxc on businessweek, it says that the other 31% find their job after 3 months of graduation, just not immediately i guess. What could be the reason for the delay though? </p>
<p>Also, are the boutiques generally sought after by people who cant immediately land a job in the bb firms? Because if that’s the case, then maybe the 67% results from the possibility that many finance majors would want a job in goldman or jpm etc… but due to the intense competition for the few available positions, not everyone would be able to get in, and in addition, perhaps students would have really ambitious goals for careers so they might not want to settle for a job unless they’re sure its the best they can get. Finding that ideal job might take 3+ months lol so some might end up in boutiques and others would find a job with a killer pay but idk haha I’m just speculating now</p>
<p>That’s also true - A lots kids get good investment banking summer internships from boutiques/middle market, perform well and get return offers for full time but don’t take it because they are ambitious and think that they can do better/land a better name in full-time recruiting. This happened in 2006/2007 when Deutsche Bank handed out 14 offers to stern students and 0 sternies took it - hence why Deutsche Bank doesn’t really come for OCR at Stern anymore. </p>
<p>A lot of students go to Stern because they were unfortunately rejected from Wharton or Columbia… lol</p>
<p>Most students at Stern end up doing Finance at either a bank or big name company.</p>
<p>^First statement is not entirely true - I’m sure many students at Stern got rejected at Wharton, but there is also a small handful of students in my grade that have gotten into Wharton, but chose Stern instead - mostly internationals who would rather be in nyc for college. Keep in mind that while as a holistic business school Wharton is stronger, Wharton only barely edges out Stern in finance which is Stern’s main strength.</p>
<p>The Columbia comment is just outright wrong as there are many students here who got into Columbia, but came to Stern instead. I’ve even met several transfers from Columbia during my time here - most of whom claim they transferred solely for Stern’s finance placement. </p>
<p>@qwertyzxc what grade are you in this year? or have you already graduated? </p>
<p>@qwertyzxc does Stern get harder and harder as you get older or does your “down time” remain about the same more or less? </p>
<p>Additionally, for the Linked In profiles, does “Current” mean class of 2013-2014 in college? Or does it just mean currently working there and part of any graduating class year? </p>
<p>Freshman Year - Easy Classes so take advantage of Underestimating Peers;
Sophomore Year- Hard But Lots of Fun
Junior Year: Recruiting so Stressful; After Internship Offer Relaxing & Fun
Senior: Very Fun & Most Fun Year </p>
<p>Currently working there</p>