I’m originally from New York and although I have a lot of friends here in Madison, I am worried about future opportunities. I’ve also been dealing with some health issues and would like to be closer to home. I wouldn’t attempt to apply to stern because I know how competitive it is and my GPA my first semester isn’t strong enough, but would I regret my decision to transfer? How reputable is UW-Madison business school if I were to look into getting a job in the city after college? Also, if I apply and get into Gallatin, I know there are ways that I can take some classes at stern while also exploring other areas of interest which I can’t do while being in the business school here in Madison (I can only major/minor in things within the business school and letters and sciences). Overall, is NYU viewed better when applying for future jobs/ internships? And as a transfer would I be able to make friends at NYU?
What is your current concentration? Finance? What do you want to focus on after transfer?
I am majoring in marketing and I know at Gallatin you can literally make your major so i’m sure I will still be able to take some business classes if I continue on the same path. If not I would probably focus more on econ or communications and apply to an MBA program after college.
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Cost - Madison is easily $20000 less. That is a lot of money, especially over 2-4 years.
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Salary - For marketing Madison is $52,700 vs. $53,900 at NYU. However, keep in mind that NY is way more expensive, which means that a higher salary is to be expected. Considering the cost of living, Madison’s salary is actually significantly better. So you might get $52,700 in the Wisconsin area, but likely even more, if you work in NY. For example, for UVa you can see how salary changes based on region (page 10-11): https://www.commerce.virginia.edu/sites/default/files/CCS-Documents/DestinationsReport2016.pdf
All of this obviously doesn’t take financial aid into consideration.
Personally, if I had to choose between the two I would take Wisconsin every time. Stern is obviously the top choice, but not as easy to get into. The salaries are taken from U.S. News by the way.