<p>There is a nobel prize in Econ. It was endowed by the Bank of Switzerland instead of Albert Nobel, but it is still considered a Nobel Prize. Prescott and Kydland won it this year for work on the time consistency problem.</p>
<p>It is nice to hear that you at least try, soxNlions.</p>
<p>First off it is the National Bank of Sweden, not Switzerland. Switzerland is the small country next to Austria. Sweden is one of the Scandinavian countries. Second, it is given out at the same time and by the same person as most of the other nobel prizes, by the Swedish King. But it is only given out in memory of Alfred Nobel (no, not Albert), and is thus not actually concidered a Nobel prize. I was at the award ceremony in 1999 and first they give out the Nobel prizes, and then they give out the "prize in memory of Alfred Nobel made possible through a donation from the Swedish National Bank".</p>
<p>It was late and I was tired. Cut me some slack. Anyway, I'm glad that you're very important and attended the award cerimony. It is also exciting to hear that you make a distinction. Most institutions who boast about their Nobel count don't, (e.g. Chicago, Columbia, St Johns). Most peole who I've discussed Nobels with don't either. All this is missing the point anyway. It is commonly referred to as "the Nobel prize" amongst economists, and is one of the field's most distinguished awards. It is definately the most visible award in the field, hence in a debate about faculty resources it is relevant.</p>
<p>As for the original poster. Unless NYU really calls to you, go to Penn. It has a nice campus, and if you wan't to go into Banking you'll have plenty of time to live in NYC. I also tend to believe that the Ivy thing has certain, possibly undeserved, advantages.</p>
<p>wharton wharton wharton</p>
<p>though Wharton is the more reputable program, my parents both went to Stern and said their education there was invaluable...it's really a question of what kind of campus you prefer. And price.</p>
<p>I think Northwestern also has a really great business program too?</p>
<p>My god...i forgot how much the Penn boards suck lately lol</p>
<p>Invaluable stern is, lol. Very invaluable. As opposed to Wharton, which is valuable.</p>
<p>Undergrad Salary (2004):
-AVERAGE Stern: $50,000
-Stern Finance MAJOR: $49,800
-AVERAGE Wharton: $52,267
-Wharton Finance MAJOR: $54,783</p>
<p>-Students Seeking Employment (2004):
Wharton: 6.1% of class
Stern: 6.5% of class</p>
<p>-Notes:
Average Wharton student makes $355,675 (salary & bonus) after 15 years.</p>
<p>Average Wharton student with BACHELORS ONLY makes $447,478 (salary & bonus) after 15 years.</p>
<p>Average Wharton student with MBA makes $304,393 (salary & bonus) after 15 years.</p>
<p>RECRUITING:
-Out of the top 20 companies in Business Weeks recruiting survey, Wharton appears in the top 5 recruiting schools for 9 companies (#1 at Goldman Sachs, Boston Consulting Group, J.P. Morgan, Johnson&Johnson. #2 at McKinsey, Bain, and Credit Suisse First Boston, #3 at Lehman, #4 at Citigroup). NYU doesn't appear on the list of any company AT ALL (not even in the top 20). Keep in mind this is MBA.
- Undergrad-wise Wharton has the highest number of recruits at most bulge bracket I-banks. It has the highest number of Managing Directors and Partners at Goldman Sachs and the most well represented school at Goldman Sachs is Wharton UG (this info is taken from a speech I attended at Wharton by GS CEO - Hank Paulson)
"Paulson also discussed the strong relationship his firm has with Penn, saying that more people were hired from the University to work at Goldman Sachs in 2004 than from any other school in the country. Saying that 103 partners and managing directors at Goldman Sachs are Penn alumni"</p>
<p><a href="http://www.nyu.edu/careerservices/s...ment_part2.html%5B/url%5D">http://www.nyu.edu/careerservices/s...ment_part2.html</a>
<a href="http://www.vpul.upenn.edu/careerser...n2004Report.pdf%5B/url%5D">http://www.vpul.upenn.edu/careerser...n2004Report.pdf</a>
<a href="http://www.vpul.upenn.edu/careerser...urveyReport.pdf%5B/url%5D">http://www.vpul.upenn.edu/careerser...urveyReport.pdf</a>
<a href="http://bwnt.businessweek.com/recruiting/index.asp?r=0%5B/url%5D">http://bwnt.businessweek.com/recruiting/index.asp?r=0</a>
<a href="http://www.dailypennsylvanian.com/v...T/41e62b88aed87%5B/url%5D">http://www.dailypennsylvanian.com/v...T/41e62b88aed87</a></p>
<p>Open your mind, quakerman. Most powerful people in this country have liberal arts undergraduate degrees, as they train your mind to think in new useful ways, regardless of content.</p>
<p>Carly Fiorina (not the best example in these circumstances) had a degree in Medieval History.</p>
<p>Steve Jobs and Bill Gates both dropped out of college before finishing--and neither was getting a business degree.</p>
<p>Those who do well are people who did something enriching in their undergrad years and later get a business degree. To them and other successful people, business is not an end, but a means to an end of doing something important.</p>
<p>Bill Gates and Steve Jobs changed the world. You will be a cog working inhuman hours in a finance machine (albeit a very wealthy cog).</p>
<p>Liberal arts are only a waste if you are a crashing unoriginal bore--in which case you need the useful programming that a trade school/biz school would give you to do your cog duty.</p>
<p>Being in my 30's and having clients (I am a real estate agent) who work for Goldman Sachs and other prominent companies, I can tell you that that an undergraduate degree in Liberal Arts is way more coveted than a business degree. You should save your business degree for graduate school.
When I was going through high school in the 80's, early 90's, a Liberal Arts degree was the path to take. Then, over the last 10-15 years, more and more students were getting business degrees and other various technical fields. However, the Liberal Arts degree is making a strong comeback. Companies feel it makes the student/employee a more well-rounded individual. Honestly, I'm not saying that I am right. I am just going on what I've learned and experienced working in the real world for the last 13+ years.</p>
<p>Sweet, high-five!</p>
<p>I just can't agree with this. The popular misconception among people is that undegraduate business school is 4 yrs of business courses. The truth is it is 2 years of business + 2 years of liberal arts, so you get both worlds. In the liberal arts, yuou don't receive this. And having taken a good amount of liberal arts courses, I just cannot agree that they teach you certain skills, because I often felt that while it teaching you critical thinking skills, they don't address the analystical and quantitative and practical skills that one can learn taking business courses. I think it's good to have a background in lib arts by taking courses, but I don't see the point of majoring in it unless you are certain you are going to graduate school.</p>
<p>quakerman, you're right. I definitely was implying you were wrong. It basically comes down to the individual's career path and an employer's preference. I was going to finish my degree in Business Admin., but several years ago decided to go with a BA in Economics.</p>
<p>Quakerman, I MEANT to say I WASN'T implying you were wrong...sorry :)</p>
<p>Econ is the king of liberal arts. I'd be willing to swap it for business I think, but I don't see the value in majoring in history or cultural studies or sociology, rather than business</p>
<p>I understand. I meant majoring in Economics, and alhtough it isn't a business degree, there is alot you can do with an Economics degree in business. If I decide to go to Penn (I've already been accepted), I would enter as a junior. From my research, Penn is a great school for Economics. I will be in Philly next week visiting the campus for the weekend (March 18-22).</p>
<p>degrees do not correlate with success. Sure, if you want a job that will cap out at 300k or something in 15 years, the names attached to the degrees might help, but successful people will be successful no matter where they go to school. Leadership can be trained and improved, but only to a point.</p>