<p>Since all of the decisions from the top schools I applied to come after May 1st, I need to submit a deposit to one of my safety schools to ensure a spot just in case I don't get accepted into any of my top choices. </p>
<p>My intended major is Finance, and I narrowed it down to U. of Maryland - College Park and Indiana University - Bloomington. I will be an incoming sophomore with 45 credits, and I will need to apply to the business schools of both universities after completion of my 1st semester.</p>
<p>I did not receive any financial aid award information yet, but the costs are very similar and I can't imagine the award packages being extremely different from each other. I know Kelley (Indiana's school of business) is ranked higher than Smith (Maryland's school of business), but I am not guaranteed a spot in the business school.</p>
<p>Some factors to consider:
- I live in NJ and I would be able to drive to/from Maryland. Indiana would require me to fly every time I need to go home.
- As stated before, my intended major is Finance (or Economics, if I am not admitted to the business school) and I hope to work in NYC post-graduation.
- I am also interested in applying to top MBA programs sometime later.</p>
<p>Any suggestions/comments concerning which school would be the better choice for me is greatly appreciated. Thanks.</p>
<p>I'm considering transferring to Indiana University-Kelly's School also as a finance major, and I'm in the same situation you are in? The only thing is Kelly require classes, that usually makes students have to complete at least an extra semester I'll be a second semster sophomore (50 credit hours) when I transfer there as well. I'm glad I didn't take stupid course, as all my credit will transfer, and I'll satisfy a lot of the gen ed requirements. Also what career path are you considering, if it's i-banking(which I suspect it is) then they have a workshop, and they place students in top firms here's a link</p>
<p><a href="http://www.kelley.iu.edu/ibw/member_placements.aspx?type=Full-Time&year=2006%5B/url%5D">http://www.kelley.iu.edu/ibw/member_placements.aspx?type=Full-Time&year=2006</a></p>
<p>You have to have a 3.5 GPA to apply for the workshop, and with all the finance students I'm pretty sure competiton will be intense, but that is another reason I'm considering Kelly.</p>
<p>Yeah, I'm considering I-banking. But only the "creme of the crop" students of Kelley actually get these job offers because Indiana isn't very highly recruited compared to other top business schools such as Ross, Stern, and Wharton.</p>
<p>I tried looking for career placement for Maryland grads, but had no luck.</p>
<p>Yes, I know it's not heavily recruited like Wharton, and Stern etc, but it's a lot better than the school I go to know, I'm almost afraid of my job prospects, if I graduate from here, my GPA will be well into the 3.5 range, I have so leaderships, I'm still relatively young in college career, and can boost that GPA to the 3.7 range if I work a little harder, plus companies are always looking for that minority factor(though there are a lot of black men, from Harvard as well who will be competing for the jobs) If I could get a job with a regional firm, I'd be estatic, I just need to make a enough money, to save the downpayment for my busines purchase within the next 10 to 15 years, I figure with no children or wife, and living meagerly, if I can make an average of 70k after 2 or 3 years I would be ok.</p>
<p>The drive from NJ to IU isn't that bad. It's about 12 hours. Indiana is the better business school.</p>
<p>The way I figure it, about 12% of Indiana's undergraduate business class is receiving job offers into Investment Banking.</p>
<p>Total undergraduate enrollment at Indiana: 29,000
Percent in business school (from Princeton Review): 20%
Total in business school: 5,800
Percent that graduate: 71% (per USNW)
Total graduating: 4,118
Dividing class by 4 years of students: 1,029
Percentage in Finance program (per Princeton Review): 44%
Total in finance: 453
Total placed last year: (from resume book) 56
Percentage placed: 56/453 = 12.36%</p>
<p>Do you have a cross sectional anaylsis I can look at, to compare with the other schools, because the number is of little use by itself? How does it compare for a state school. I didn't know there were only 453 finance students in the senior class at IU, I thought it was much more than that. 12% is better than probably 1% at my school.</p>
<p>Keep in mind that's 453 per year--or around 1812 finance students total (although almost 1/4 of them will not have yet been admitted since they are still freshmen). I think someone said the direct admit rate for freshmen is about 100 (or 22% of the total) meaning there are actually a total of 1459 finance students at any point in time
1812 for 4 years program
less freshman class of 453
plus 100 freshmen admitted via direct admit program
=1812-453+100
=1459 finance students at Kelley School of Business</p>
<p>No, I don't have the numbers for other schools, but my guess is 12% is pretty good for a state school. And, of course, that doesn't include any students that didn't advertise in the resume book or any students that went into I-banking from other programs (marketing, general management, or even from things like Economics, Art History, Political Science, etc.)</p>
<p>Of course, 12% is still only 1/8 of the class--so presuming that 88% have offers by graduation (Kelley's MBA statistics) that means that 6 out of the other 7 finance students went into other jobs besides I-banking--like corporate finance, consulting, financial analysis, or even accounting. (I suppose a job flipping hamburgers would also count--but I doubt that would be included in the placement numbers that Kelley advertises).</p>
<p>What other jobs besides IB, could a finance major, with a good grades, from a good college possible recieve, that pays 45-55K a year, besides accounting? Sort of as a back up plan if I'm not good enough to get an IB job? Something preferbly in the securities industry. Other than brokering.</p>
<p>Many of the mutual funds hire analysts for schools like IU. Also commercial banking and corp finance. Lots of chances.</p>
<p>What are some one the names of the companies? Whats a good GPA for a finance graduate to garner some attention from companies? What type of work would one be doing?</p>
<p>JL_vision, how are your courses transferring over to IU if you do transfer over? Looking at their General Education Curriculum, it seems as though my classes with transfer over rather nicely. I will only need 3 classes to satisfy their 27 Hour Core. Every other class they required I would have had to take at this school I attend right now anyway. The only thing that really seems to be a problem for me is the A-100 class, which they require you to take before you can take Mangerial Accounting, and Financial Accounting. I'm taking Fin Accounting right now and getting an A, but if I transfer I still have to take their A-100 Basic Accounting course.</p>
<p>finance is maryland's worst program</p>
<h1>6 Management info systems</h1>
<h1>8 Supply Chain Management/Logistics</h1>
<h1>9 Management</h1>
<h1>13 quantitative analysis</h1>
<h1>13 Entrepreneurship</h1>
<h1>16 Production/Operations Management</h1>
<h1>18 Marketing</h1>
<h1>22 Finance</h1>
<p>I don't know ANYTHING about IU an tranfering into the business school. I do know that at maryland freshmen are admitted or denied. I was accepted but my friend was not. He must wait till his junior year to apply now so you would be entering with a good amount of people. For some reason lots of kids from NY and NJ go to maryland.</p>
<p>Go to IU.</p>
<p>There are probably 500 good sized mutual funds and every one has analysts. Major banks like Bank of America, and all others recruit at colleges. Most of the Fortune 500 corporations recruit at colleges. You crunch numbers and whatever else they tell you. After some time they let you make small decisions on loans or investments.</p>
<p>I know this is a bit off topic, but I notice the statistics for NYU show 22% placement from the business school there into Financial Services/Banking. This includes both undergrad and grad school students, however.</p>
<p>What are some other major mutual funds, and what is the starting pay like?</p>
<p>Vanguard, Fidelity, Amercian Century, look in the stock pages of the Wall st Journal--there must be 1000 listed. Pay starts around $50,000-$60,000 plus bonus.</p>
<p>Wouldn't these gigs be just as competitive as Investment Banking jobs? What kind of GPA would I probably need from IU, to have a legit shot?</p>