<p>I know Stern has wonderful finance undergrad program and University of Chicago has best economics major in the nation.</p>
<p>What would you differentiate these two if we talk about job placement, say I-banking job recruit at Wall Street? Does Stern have obvious advantage on i-banking recruit?</p>
<p>If you have to select between Stern Scholars Program and University of Chicago's economics, what would you do?Thanks guys.</p>
<p>UofC economics, and here is why:</p>
<ul>
<li><p>UofC econ major is one of the most marketable degrees in the country, and it not only allows you to go into Ibanking if you wish, but it gives you the flexibility to pursue further theoretical studies at the doctorate level at the most prestigious institutions in the world; a finance NYU degree won't do that for you</p></li>
<li><p>Unlike NYU, Chicago has a beautiful campus, and being 7mi south of downtown, it can be as cosmopolitan or as removed from the city as you want it to be, an option which you don't have with NYU.</p></li>
<li><p>SAT averages for Chicago are the 9th highest in the country, and NYU is significantly below them, so, on average, your peers at Chicago will be more academically capable than those at NYU (I fully recognize that there is a broad spectrum of students at both institutions)</p></li>
<li><p>A Chicago education is also known to have a lot of breadth and depth, and so I feel that you would be getting a fantastic degree there as well as an amazing liberal arts education, while at NYU I see the major as the only appealing aspect of the school.</p></li>
<li><p>How many Nobel laureates might you have as professors at NYU? Now look at the ones teaching econ at Chicago...</p></li>
</ul>
<p>If you ask me, I think its a no-brainer.</p>
<p>Further, what would happen if you decided that finance wasn't for you? Chicago has renowned departments in other areas (first nuclear reaction conducted by a physics student, Vonnegut, Sontag, and Saul Bellow are just one of the few names of writers who got degrees there, and its theoretical math department is strong enough to have Auburn set his movie "Proof" on the backdrop of the University - come to think of it, this pulitzer-winning author also went there!)</p>
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[quote]
- How many Nobel laureates might you have as professors at NYU? Now look at the ones teaching econ at Chicago...
[/quote]
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<p>Keep in mind that Nobel Laureates or the most prolific professors do not always make for the best teachers. </p>
<p>All this sextonism is making me thirsty.</p>
<p>
[quote]
"Sextonism," after former NYU Law School Dean John Sexton (now President of NYU), is a disease familiar to law faculty, in which a good school suddenly lapses in to uncontrolled and utterly laughable hyperbole in describing its faculty and accomplishments to its professional peers. The NYU alumni magazine, which was sent to all law faculty nationwide, was so plagued by Sextonism that a Stanford professor memorably dubbed it "law porn."
[/quote]
</p>
<p>i hope this post doesn't come off as ostentatious, and i really wish i could post anonymously...but i can't, and i really want to promote uchicago when it deserves it.</p>
<ul>
<li><p>Last summer I got this internship that i was pretty qualified for 'cuz it was right up my alley, but my Harvard-made boss commented that "I know you must be smart because you got into UChicago" and i can't help but think that helped. (i was thinking of going to a much less prestigious school, and can't help but wonder sometimes if I would've still gotten the job, which reallly reallly reallly was a great life-changing thing to happen to me [long story], had I gone down that other path) </p></li>
<li><p>even as a first-year, i already was offered a summer Ibanking internship at a top firm, based on UChicago connections. </p></li>
</ul>
<p>the econ program here is pretty competitive i guess, but totally doable if you have good study habits--and no, this does NOT mean isolating yourself in the library for hours and hours!</p>
<p>I know Chicago is more prestigious than NYU, but prestige is not something I care at this moment since I am truning down a couple Ivys, and one of them is a big name. The reason for me to trun down Ivys is just because Chicago Econ or Stern Finance is what I want.</p>
<p>While some people told me how many Nobel Prize winners at Chicago Econ Department, others told me how many Sternies especially Stern Scholars got their jobs in top I-banks at Wall Street, and Alan Greenspan is even luckier. Haha. Additionally, Stern people told me that 98% courses there taught by professors not TAs. What about Chicago?</p>
<p>Hey guys, I can't find any data about I-banking job placement at either Stern or Chicago. But I was told by Dearn of Stern that employment rate for Sternies 5 months after graduation is 95-96% and average base salary is 52K. Any information about Chicago? Thanks again, guys.</p>
<p>Call the Career and Placement Office at Uchicago and ask the question directly.</p>
<p>I know I am just a mom so let me reveal my ignorance! Is I-banking different from finance positions? I need to ask my son 'cause he would tell me. </p>
<p>I'm not bragging just giving you one example from UChicago; My S took a position with a hedge fund with a base salary of $65,000 and a $10,000 sign on bonus and moving expences covered. Also he recieved a $30,000 bonus last month. That's not bad for a first year out of UChicago with a math major! A math degree from UChicago is very marketable!</p>
<p>but 6 digit salaries are pretty common out of any of the top business schools and schools with top econ program. </p>
<p>i don't think chicago released the average base salaries because i tried to look for it before, and couldn't find it.</p>
<p>Are they common even outside the NY area? Are they common for ugrad business degrees as opposed to MBA"s?</p>
<p>Well I can't say that I know this well since I am a high schooler, but I do know some friends in top business programs who are doing pretty well. One of them includes a freshman who found a summer internship at Goldmans Sachs Hong Kong through connections. Another sophomore found an hedgefund internship over the summer in CT. I know that most firms want juniors, so given the fact they are still in their 1st 2 years in college, that's pretty good. </p>
<p>aside from that, my knowledge in this area is pretty limited. your son's achievement indeed is impressive. though I don't think the location is that important since ibanking in nyc is the most common route to get that high salary and the good positioning for the future, and these are what drive many to the job. many graduates will choose to stay in nyc anyway for a decent period of time for networking and stuff like that. </p>
<p>if a student is hardworking and brilliant, there will be plenty of offers because both schools will open up plenty of doors of opportunities. i think its hard to use individual cases to justify the quality of the program. the programs should be looked at on an overall basis, but unfortunately neither chicago nor stern provides detailed info about job placement.</p>