Ok, the process is coming to an end. He got rejected at Upenn but got into NYU Stern’s. He wanted a bit of a campus life, and is still debating. Short listed Ross vs. Georgetown vs. Emory and seeing the scholars program in a better light. Still trying to find more about scholars program and looking for anyone who might have attended this to tell their experience during college years or after they graduated. No more colleges left to hear from. Will keep everyone posted where he ends up.
you’ve received good advice on the school, let me sound a warning note on his sales/trading aspirations: computer algos have replaced many of the traders in equities and fx, fixed income will eventually follow. He needs to carefully research what’s happening in the industry.
Wanted to thank all the folks who opined and guided us on this forum. We visited this nice cozy beautiful EMORY campus a couple of weeks ago. We felt at peace with the environment there - a bit more calmer pace than in the North East schools. Earlier this week, my son finally committed to Emory Goizueta, After visiting Georgetown, ROSS and STERN he felt that the EMORY scholars program is a better fit and more valuable (to some extent even without the scholarship) given that he is one of the four or five kids who are offered this four year scholarship with an option to extend one more year(tuition free) to do masters degree. Overall the kids there seemed to be pretty driven and smart and very collaborative. Thanks again.
I think your son made an excellent decision, mystic. Congratulations!!
@mystic33, I think your son made a good decision. If he applies himself to all the opportunities available to him at Emory and gets a high GPA, IB is a very possible option especially in the Atlanta area. I wish him the best of luck.
@Glennu, your son’s choice of consulting is also a very good choice. He may not wish to pursue consulting long term (the traveling gets old) but he will have very good exit opportunities and he may not need an MBA.
My son is also a Wharton grad and chose Wharton (at full pay) over UC Berkeley and UCLA as we are CA residents. He never regretted this. Only one of his friends went on for an MBA ; he like most of his former classmates did not see a need for one. This very fact alone saved him >$1M including opportunity costs. I cannot see a better return on a $200K investment.
@cbreeze, thank you. My son is not certainly bent on going only to an IB/S&T role but he definitely wants to work in some front office role(could be risk or portfolio manager or some such) and in Wall St given that we have been living in the area for 25 years. I know all the other three schools(ROSS, STERN and McDonough) are target schools for banks but when we looked at just academics, Emory seems to be on par or exceeding these schools. At the end it boiled down to choosing between Georgetown and EMORY given that they are a bit smaller schools which he preferred.
@mystic33,many people use banking as a stepping stone to other front office roles in finance. The reason is that banks traditionally employ hundreds of fresh college grads every year whereas other roles such as buy-side equity research, hedge funds, VC, PE require more experience, have fewer vacancies and they traditionally do not recruit at the undergrad level. Even at the MBA level, these positions are far more competitive than IB.
@cbreeze, great to know. Didn’t realize IB is the gateway to financial industry for new undergrads.
^^ yes for a more direct route to other front office roles.