<p>Hello, is NYU considered a target school for investment banks based in New York? Is it realistic to get an investment banking job out of htere?</p>
<p>Yes. It’s very realistic.</p>
<p>Stern is, in particular, a target for big banks, given that finance is Stern’s main strength. CAS Econ is also pretty good, too.</p>
<p>NYU is a huge IB target school. All the top tier banks recruit at NYU and come for on campus recruitment.</p>
<p>Stern is, the rest of NYU isnt. The first question you will get as a CAS Econ major is: “if you’re interested in finance, why didn’t you get into Stern?”</p>
<p>KABOOM K.O. don’t expect to get an interview as a CAS econ major unless you have literally a 3.9 and is double majoring in math (or have amazing connections).</p>
<p>^Again, false. Among my “colleagues” in CAS Econ are people who’ve worked in hedge funds, i-banks, and even the Federal Reserve. Aside from Wall Street, most employers won’t care about the difference between CAS and Stern. You wouldn’t know though… you’ve barely started school here.</p>
<p>My older brother graduated from stern and is working in the investment banking division of Barclays Capital. By the way, he was the one who told me how some interviewers asked the CAS kids applying for banking positions: “If you are so interested in finance, why aren’t you at Stern?”</p>
<p>Your interviewers (most likely NYU Stern grads) know the huge difference in student body level between a kid at Stern and a kid at CAS. Even here at freshmen orientation, kids at CAS view Sternies differently at a much higher level, to the point where when a person asks what school they attend, Sternies will almost always say “Stern”, not “NYU”. In fact, at the Wasserman Career recruiting website of NYU, multiple banks (specifically the boutiques) explicitly state they want kids from Stern.</p>
<p>
Wrong. NYU Stern is known not just in NYC but also in all of California (LA, SF) and Chicago. If you want to work in a non-financial district like Tennessee, then go right ahead. Those people probably won’t even know what NYU is.</p>
<p>This is all solid evidence from currently attending/graduated Stern alumni. Don’t act like Stern and NYU CAS is the same because they are not, never has been, and never will. Believe what you want but facts will stay facts. nyyankees2012 I understand that you have a lot of pride as a CAS student but don’t try to obscure information to prospective/current students about NYU.</p>
<p>this debate always plays out the same way.</p>
<p>CAS Students claim that there really isn’t a difference between Stern and CAS, and some of the same professors teach at both schools, etc. etc.</p>
<p>Stern Students are going to claim that Stern is obviously better, harder to get into, better placement, etc. etc.</p>
<p>I have lots of friends who have graduated CAS Econ. The more successful ones that I know have gone to places like Pepsi and Macy’s, and are financial analysts for places like those. They work 40 hour weeks and make a nice living. This is somewhat typical for CAS kids.</p>
<p>I have a lot of friends in Stern. The top graduates work countless hours at top banks, and make more money than they can spend. Literally. They do not have enough free time to spend the money they are making.</p>
<p>Does this make Stern better than CAS? Not necessarily. Certainly, I would like to think so, and I feel that most recruiters that know anything about business schools think the same way. </p>
<p>Is it impossible for someone from CAS to break into iBanking? No, but it is much more difficult. After all, this year at Citi, one of the iBanking summer analysts was from ASU, and another was from Cal Poly SLO. </p>
<p>On the topic of “Targets”, I feel as if people don’t really know what it means. A BB is NOT going to hire a lot of people from “Targets”, for the sole fact that they are targets. They will hire MAYBE 3 or 4 per summer for iBanking, all of whom will still have 3.7+ GPA’s, impeccable resumes, etc. I think that a lot of people think that because they attend Stern that they can simply waltz into an interview and land a job. This is false. Going to a “target” doesn’t do you THAT much good. Your odds are still pretty low of getting anything decent.</p>
<p>Sorry.</p>
<p>There are millions of ways to answer questions such as “why CAS and not Stern.” They are basically asking you why they should hire you rather than your pier who has or is getting a degree from Stern.</p>
<p>All in all, if you attend NYU, you are given the opportunity to bid and receive interviews. There isn’t much difference between the bidding system regardless of what school you attend. Stern will have a one up because it is a stronger name and it has a better network circle but ultimately it all comes down to you wanting it, having the grades and preparing efficiently.</p>
<p>woodendynomite: Well put. </p>
<p>shuffleace: You’re delusional if you think the difference between Stern and CAS student bodies is huge. It really is not. Yes, Stern is a bit more competitive, but this isn’t like comparing Harvard to Iowa State or something here. If your argument is based upon the premise that ALL NYU students want to work in finance, then fine, Stern is superior to “regular” NYU. However, with the exception of some CAS Econ majors, most of “regular” NYU isn’t interested in pursuing a career in finance. It would be hard for me to believe that a Stern Finance major would have an advantage over say… a CAS journalism major trying to get a job at a newspaper company, just as it would be hard for me to believe that a CAS European History major would an advantage over a Stern Finance major getting a job at JPMorganChase.</p>
<p>Interviewers in the financial sector may think better of Stern than CAS (at the margin, because of the relevant skill set developed in business school as opposed to being a liberal arts major), but elsewhere, no one knows or cares about the difference. I got my current job over Sternies, as have my other CAS friends. I won’t address the other points you make (re: Sternies saying “Stern” not “NYU”, freshman orientation, etc.) because they are irrelevant.</p>
<p>^true but the original question is whether all of NYU is a target for investment banking…so the point on NYU stern kids having the advantage is relevant.</p>
<p>Also this is my view:
NYU- Non-target
NYU Stern- Semi-target
HYPS- Target</p>
<p>HYPS, for whatever reasons, stop being called “Targets”. They are just referred to as being recruited from HYPMS and Wharton. NYU Stern is a target, and other lower ivies, such as Dartmouth, and Cornell are targets. Columbia is somewhere between being one of the elite institutions that is simply recruited and being a target. It is kind of a stupid word, because any given year, an elite school that isn’t especially known for banking, like Vanderbilt or Duke might send more kids than the targets. Don’t put too much emphasis on the whole target system.</p>
<p>Why do firms recruit from certain schools (target) and not from others? They use a school’s selectivity to weed out candidates for them. It has much less to do with whether a particular major is more useful than another. At the end of day, almost everything you would do at an IB job, you could learn on the job. What they are looking for are for cream of the crop to mode them into what they want.</p>
<p>My daughter is a senior at Cornell A&S. It has an excellent business school, AEM, but it’s selectivity does not surpass A&S. As a matter of fact, CAS is viewed as true Ivy liberal arts school, and classes are more difficult than AEM classes. My daughter gets easy As when taking finance courses in AEM, but struggle to get a B+ in math. When recruiters come on campus, they would expect AEM students to have higher GPA than CAS students. They do not prefer AEM over CAS.</p>
<p>I have posted numerous times on CC about my view on liberal arts education. Not to necessarily rain on Stern students’ parade, but if any A&S econ majors want to answer interviewer’s question about why A&S econ, it maybe worth it for you to read this thread. A very well written post by JHS:</p>
<p><a href=“http://talk.collegeconfidential.com/parents-forum/808375-what-better-business-major-econ.html#post1063499140[/url]”>http://talk.collegeconfidential.com/parents-forum/808375-what-better-business-major-econ.html#post1063499140</a></p>
<p>This poster is a parent graduated from HYPS and is a senior person within his profession.</p>
<p>I would like to add a quote from JHS:
</p>
<p>There are a good number of kids from CAS who are going or have went through through the grind this summer at Goldman/MS and they got the position through NYU’s careernet so if you are looking for a IB job, you will get an interview if you follow the interview bidding system. </p>
<p>With that being said, do you want to be put through the grinder? that is an important question you should figure out before you graduate. Everyone thinks they can handle the hours and everyone thinks they can make millions after a few years. That isn’t how it works and its a very demanding lifestyle.</p>
<p>Oldfart:</p>
<p>Do you think that maybe your daughter just doesn’t perform as well in classes offered at A&S, and that is why her grades are not as high? </p>
<p>If I received a B in a spanish class and an A in an engineering class, I wouldn’t say it would be because Spanish is harder than engineering, I just wasn’t as good at it, maybe that was your daughters problem…</p>
<p>Yea, I have heard about recruiters expecting higher gpa’s at ivy’s and at cornells aem. I think most people realize, recruiters included, that Ivy league schools, for the most part, are pretty infamous for grade inflation, and from what my friends at AEM tell me, they inflate to a pretty crazy level at aem. </p>
<p>I also don’t see how asking someone at CAS Econ about why they are in that dept is raining on anyone from Stern’s parade…</p>
<p>Does anybody have a comprehensive list of investment banks that recruit on campus?</p>
<p>there is a list of who is attending NYU’s campus recruitment on their website and who recruits at NYU.</p>
<p>No, pure math courses in A&S are harder than finance courses. Recruiters take that into consideration when look at applicants. She received 4 offers from BB firms in NYC this summer. She already has an offer for a full time position when she graduates next year. When she asked all of our friends in the business about whether she should do UG business school or get a liberal arts education, they all told her not to get an UG business degree.</p>
<p>woodfield: Do you mean a list of the BB’s that come and recruit? Cause there are a lot of small banks that try and recruit with iBanking offers in hand, but their names arent prominent, and their salaries aren’t as high.</p>
<p>oldfart:</p>
<p>That is great news for your daughter. I have heard happy stories all around the world of banking- everyone that I know of got multiple offers for IB, and everyone so far has gotten a full time offer. Even kids at places like Cal Poly SLO and ASU got some offers over at Citi this year for ib summer analysts, so it is great that they are looking for fresh people. </p>
<p>To address your post, though,I think some people are oblivious to the fact that some people actually LIKE finance and want to study it, not merely be trained for a job. What do we do to people majoring in something very specific, like East Asian Cultures, or Musical Theater? Do we tell them not to major in it? No, because it is passion, it is love. It sucks that people dismiss majors like finance, marketing, etc. so readily.</p>
<p>My dad is an MD at a BB, and he knows I want to go into IB as well, and I am 100% sure if he thought it was in fact a bad idea, he would have advised me against it. There is nothing wrong with a major like that-the problem is, however, that many people just want to do it for the money, and not because they are passionate about it, mainly people who do have Liberal Arts majors.</p>
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<p>If I read this correctly, you are saying that people who are liberal arts majors go into finance because they are just doing it for money? And people who are getting UG business degree are doing it for the love of finance?</p>
<p>I am happy your dad is an MD at a BB. I think my credential could match his.
Is he the one who is telling you to get an UG business degree?</p>
<p>Yea I mean the BB’s and other investment banks.</p>