Umich vs cmc vs upenn for econ

ty!! penn is def gonna be hard for anyone who applies but i think i have a rly good shot w cmc. if it were cmc vs umich which would u recommend?

CMC and UMich couldn’t be more different. Which vibe, location, size do you prefer?

You can become a corporate lawyer from either school. Getting into IB is really difficult no matter where you go to school.

I lean towards recommending Mich with a minor at Ross because then you get access to Ross recruiting, AFAIK. My sense is that CMC students who go into IB have connections to that world, but if you do get accepted, call up the career center and ask.

for any kind of front-office Wall Street Job, you can’t beat Penn (maybe HYPS can) 

but even from Penn likelihood of getting that job is small.
So if you have to pay a significant premium you need to divide by probability of getting t
hat front office job and then decide.

mich was always my dream school but i discovered cmc at the beginning of my senior year and fell in love. i think i’ll fit into both communities well, but i thought the small class sizes at cmc might be beneficial and they bend over backwards to accommodate their students. i plan to seek out the resources (professors, career center, etc) at mich and they have a much larger alumni network, but it looks like i have to do a little more work

ik i could go down the law school path wherever i go (including my state school), but if i want to get into IB i’ll need to find the better career center. i also read that ross minors don’t get the same recruitment opportunities that typical ross students get but i’m not too sure

Definitely look into this, just call the Ross career center and ask. Just do it now, don’t wait for other decisions to come out, because UMich is the only admit (of the 3 schools you listed) that you have in hand. https://michiganross.umich.edu/our-community/recruiters

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They are all great schools.

Do you want to live in a very large college town? (Ann Arbor)?

Do you want to live in a smaller more suburban setting (Claremont CA)?

Or do you want to live on an urban college campus (Penn)?

Do you care about the weather? It’s warmer more of the year at CMC than the other two?

Consider the aspects of these schools other than the academics because they are all terrific.

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No, not true. Ivy’s do not always trump any other school nor are they always life changing. It’s all about fit and what someone is looking for. An Ivy is not really all that in all cases!

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Econ majors at Michigan often have the same opportunities as Ross graduates so don’t feel that if you end up at UM that you’re going to be limited in that regard. Note however that Ross classes are large classes, so they may very well be in Econ as well.

If you’re looking for small classes, you may want CMC.

You shouldn’t put the cart ahead of the horse for Penn at this point since RD isn’t out yet, but if that comes into the mix then that may change the ballgame for you. However, you’re looking at 3 completely types of schools, settings and sizes.

If you have AP credits that may also be a factor. Penn won’t take many and will just put you in higher courses. Are you ok with that?

Are you interested in a large rah rah campus, or much smaller? You should talk to students (not parents) at each school and see how they feel. What they like and dislike at each. How hard is it to get into classes. Can you graduate in 4 years? How easy it is to get to the school from where you live. Can you graduate early, or double major, minor, etc.

I understand how you feel. I have just seen too many examples when ivy-types get the benefit of the doubt. I have seen how people assume that their opinion has more meaning, is more thoughtful. Finally, I have seen Penn-types flounder till they are 35 years old, still able to get one more big job opportunity because they are in an esteemed group. Embarrassingly, I have even made that hiring mistake, myself, as a senior leader.

OP absolutely loves both schools. As I said, if it is close decision and there is no financial issue - tie goes to the ivy.

Part of the reason why I am recommending OP to go to Penn.
Surely education will be awesome in all 3.
But why shortchange yourself of the name and the network?

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So my son’s in engineering at Michigan. ALL HIS ECON FRIENDS GOT JOB OFFERS REALLY EARLY


Sorry about that :joy:.

Even his job offer he was interviewing in like a group with Ross, LSA and engineering kids for his international job.

There are so many opportunities at Michigan. You don’t need Ross. Yes, it’s great. Yes, Wharton is Great


Your going to do well. The school can’t get you the job. Only you can do that.

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@cmcplsacceptme Pretty sure it’s near impossible to transfer into Ross. When they went to the direct admit route a few years ago, they took that pretty much off the table. A lot of kids who don’t get in, think hey, I’ll go anyway and transfer in and are unssuccessful. @Mwfan1921 is correct on that one. Additionally, Ross does not have a Finance major, so even if you were successful in transferring in, you couldn’t major in Finance anyway. The closest thing to a Finance major at UM is going to be Econ. Ross is actually just a BBA - Bachelor’s of Business Administration. As I said previously, you also don’t need to be in Ross at UM to get a great job. Econ majors get the same Investment Banking/Consulting jobs anyway.

As for Penn. Regardless of what your counselor said, it is a reach for everyone, especially this year. Wharton is the #1 business school and same goes, as far as transferring. You might get lucky if you even get into Penn in the first place, but nothing is a given this year. Btw, @dimkin they do not even promote Donnie Boy there in any of their marketing. When we visited there 3+ years ago we had such a good laugh at that.

Investment Banking is an intense lifestyle no matter where you go and you really need to be wanting to and able to do that. It’s not for everyone. It sounds like you really love CMC so not sure why you are throwing UM in. You should go where you would be happy, not where you think you should go. Remember that. It’s about best fit for you, not what others think. Small size is vital. I have a daughter in a top business program and her classes have about 30 kids. I can’t tell you how awesome that is. You quickly learn who is awesome, who sucks, who you want to work with, who you don’t, who is cut throat, who’s an ass, who’s lazy, etc. and your professors really get to know you.

@michaeluwill Back to your point. I understand what you’re trying to say, however, I have seen it way too often at the Ivy my daughter goes to where everyone thinks “oh it’s an Ivy, it’s so great” and there are things that are not always so great there. Registration sucks big time there. It’s a total free for all. Advising blows. Classes are quite large. She fortunately has always had Professors teach her classes as opposed to TA’s other than English, but it is not the be all to end all just because it is an Ivy. I have also heard numerous stories of kids/friends who can’t handle the stress, the amount of drugs, drinking, and many other things lacking there. It is definitely not for every type of kid and a parent must know if it is a right fit for their kid and if theirs can handle the stress or not. Don’t put your kid on a pedestal because they’re in an Ivy League. Ivy League students are just your normal happy go lucky kids. There are plenty of kids at other schools that could’ve gone to Ivy Leagues too but chose not to and there are plenty of Ivy League kids that have no business being at those Ivy Leagues, whether for financial reasons (taking on massive debt) or for academic reasons. Wind up without jobs, or not being able to cut it as you even mention it. Don’t be swayed by someone who went to an Ivy League just because they did. There are plenty of duds, lol. I think parents also place unrealistic expectations on some of their kids there. It’s sad to see and hear. Or parents just don’t expect certain things to happen because it’s an Ivy. But Ivy Leagues are not perfect either any more than our kids are perfect. That’s all I’m saying.

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Go where you will be happiest. If you get into Penn and decide it’s where you want to be, you will be fine from a recruitment standpoint and will be able to take classes in Wharton. Penn encourages interdisciplinary study across all four schools. My D is in CAS and added a Wharton minor. One of her friends graduated from CAS and had a job waiting for her on Wall Street. Your opportunities won’t be limited by being in the college. 55k applications this year so it really is a lottery ticket. Best of luck to you!

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UG bus majors pretty much have to get an MBA because majors in finance or marketing at the undergrad level typically not the way to go. Econ with potential MBA is the way to go here and in that UM Econ is as good or maybe better than Penn, especially once you leave the northeast.

If you’re comparing Arts and Science colleges, UM is the best of the three.

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why not?

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I have not heard someone state that an MBA is the way to go in more than 10 years.

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Applications have been trending down to MBA programs for many years.

Same. While my daughter is not interested in IB many in her program are and they often get top jobs no problem with just their undergraduate degrees. Years later after some work under their belt if they choose to get their MBA’s great but a lot of them wind up going to Law School. I don’t think there is as much a push for the MBA as in the past or people go at night while their employers pay.

“why not?”

Finance and marketing majors typically have needed a grad degree (not necessarily a MBA) to have more career growth, senior corporate finance and marketing jobs are held by people with MBA, Masters in Accounting, say than just a BA or BS.

“I have not heard someone state that an MBA is the way to go in more than 10 years.”

Way to go may be too strong agree, but for the OP, an econ/MBA would do better than just an undergrad bus major. I’m generalizing so of course you can have exceptions.