<p>Definitely Stern and make decisions for yourself. My parents were edging me to do medicine ever since I poped out of the womb, but as hard as it was for me to tell them that I wasn't, I made a decision for myself. Hence the reason why when I started CC my name is
pre-medwannabe, later I realized it should be something like IBorBust.</p>
<p>He can't make the decision himself. If you bothered to read he has no one to co-sign the large loans with. Meaning, his parents aren't willing to support the loans for Stern.</p>
<p>If I was in your position I'd really try to argue with them and show the placement stats, salary stats of i-bankers, etc. But at the end of the day if your parents aren't willing to open their pocketbooks then you're screwed.</p>
<p>I love how a lot of the kids here are talking about how he can pay off $120k in loans like it's nothing - Kids that are probably having their parents pay for their tuition and won't have the burden of such a large debt. That's a lot of money that will take years to pay off. I say go to UGA debt free :)</p>
<p>dcfca, it's not that my parents aren't willing to support the loans. They just don't have the credit. My sister does, but her husband won't let her cosign with me. My brother is starting a business and can't cosign either. So I'm pretty much screwed.</p>
<p>ALRIGHT GUYS!!! I had a nice sit down conversation with my sister about all the expenses and we came up with a pretty good plan. She'll cosign with me for the first year, then we'll see what happens afterward. I'm going to STERN!!</p>
<p>congratulations! see you next yr</p>
<p>Good luck, have a good time at Stern.</p>
<p>Aggh, now I've got another problem. I won't be able to qualify for a loan on my own after my first year. What am I supposed to do to finance my education after freshman year?</p>
<p>reapply for financial aid from NYU.</p>
<p>legionaire, get on AIM!</p>
<p>Wow, so my mom's relative who is filthy rich offered to cosign for all four years. My mom says her husband is so charitable that he might even offer to pay for my college. Should I take the plunge and take out the loans? Assuming he doesn't pay for the college itself?</p>
<p>I think it would be important to have some good career goals in mind if you're looking at 120k in loans at the end of it. I mean, you really have to understand that while at school you're going to need to work your absolute hardest to ensure that you'll get a great job afterwards and even then you're going to want to make sure it's a high paying one. There wont be a lot of room for you to suddenly change your mind during college and want to become a writer or go into something that pays **** because if you do, you're going to be tremedously overwhelmed by the burden of those loans.</p>
<p>to expensive, i dont believe any college is worth 120k. Work hard at UGA, that have a well respected management and accounting program, and the fact that they are probably one of the top schools in the south, you have ok prospects for work in houston, atlanta and even charlotte, dallas being more of a place for private equity, energy, tech consulting, accounting and private banking rather than investment banking</p>
<p>He's not going to get into PE or consulting coming from UGA. Not only that but he's also going to be competing against UT grads. Charlotte & Atlanta would have good opps but I imagine they go to the emory kids mostly.</p>
<p>Anyway, I mean if you look at it from a financial perspective. If he decides he wants to do IB and goes to Stern, he's in a pretty good spot, they've got good placement. After taxes on his base salary (let's say 55k) he'll end up with around 38K, and then if he nets a 50K bonus after tax total comp he'll end up with $65,500 and after deducting rent and other expenses he'd still end up with a good amount left over to pay towards the loans. The rates on the loans aren't too bad so it's not like he's screwed by taking that 120k education. It just means that he's going to have to be very career focused and might have to make some living adjustments after college</p>
<p>Kids from Emory, UGA, and GT all get the same opportunities.</p>
<p>
[quote]
Kids from Emory, UGA, and GT all get the same opportunities.
[/quote]
</p>
<p>do you know this for a fact? I find it pretty hard to believe. here's stats from Emory's B-school <a href="http://www.goizueta.emory.edu/careermanagement/popups/cmc_stats_popup.html%5B/url%5D">http://www.goizueta.emory.edu/careermanagement/popups/cmc_stats_popup.html</a></p>
<p>I couldnt find it for UGA</p>
<p>This is all I can find for Georgia Tech.</p>
<p>if kids from SMU get hired by mckinsey, i am sure that people from UGA can get into consulting, and did you not notice i specifically said tech consulting, i am talking about companies that people on this board have never heard of or would ever think of as prestigious. And you seem to doubt people cant get into PE, yet over 10 a year from Oklahoma are hired by hedge funds and private equity firms.</p>
<p>with PE and HF's you have to understand that a lot of them will be small funds those can exist practically anywhere, just like investment banks aren't limited to only BB's, there are tons of small/regional investment banks all over that will recruit 'lesser' kids.</p>
<p>as for SMU a lot can influence placement there. For one thing, SMU is known as a school filled with rich dallas kids so it's pretty possible that a lot of placement can be swayed by the country club connection, especailly with consulting which is sometimes called a blue blooded industry.</p>
<p>The fact of the matter is that while kids may be getting into these top jobs they may also be in 'honor' type programs, much like the IB Workshop that Kelley has where the avg kid has a 3.8 GPA.</p>
<p>Coming from Stern you'd face better recruitment overall and your GPA would have some room to breathe.</p>
<p>im not talking about run of the mill firms here, at least not so for pe and hf, were talking about big firms that focus on the energy sector and emerging energy tech, including General Electrics EFS group yellowstone etc, those are just a few names, dont quote me on the actual firm since i cant remember exactly all the names, but they range in scope between these two. Obviously we are not talking about carlyle or something of that nature, but the south, especially TX is littered with hundreds upon hundreds of respectable consulting, hf and pe oppourtunites, many of which "i believe" would be available to a large and excellent southern school such as UGA.</p>
<p>That is my assumption, hard to tell since stats on stuff like that would be hard to come by</p>