Michigan ranked #13 after 7 ties above it:
Duke ranked #19 after after 9 ties
Which once again begs the question; why is Duke considered a top ten school when so many of its departments are not ranked in the top ten?
You can accomplish your goal of working on Wall Street at either UNC or Michigan. I go to Carolina, and I have several friends working in investment banking at Goldman, JP Morgan, etc. and in Sales and Trading as well. Also, you should note that if you decide that banking isn’t for you, UNC sends several to Boston Consulting Group, McKinsey, and Bain. I have several friends who were extended offers.
Michigan’s amazing, too, though.
I think it comes down to fit- you should visit both, sit in on a class, and explore.
UNC is not going to hold your hand, but if you have the drive, anything’s possible as far as working at Goldman or McKinsey post-graduation.
I’m a senior and will be working for a f500 company in finance/strategy starting this summer - they took 2 UNC students, 2 Duke, and a few from Emory, Vanderbilt, and UVA.
It also depends where you want to end up geographically.
Michigan is a well known target/semi-target for IB.
One benefit of UNC in this analysis is that there are typically fewer students angling for Wall Street jobs than there are at Michigan. Many of the 1400 students that attend Ross specifically seek those jobs.
^^^I suppose if you don’t attend a target school that would be the result. There are almost 1300 students majoring in business at UNC.
I disagree with @CHD2013. Most students are gunning for Wall Street or consulting opportunities post-graduation. However, many UNC students will take a Deloitte, BCG, Bain position in many cases over working for JP Morgan IB after graduation. So maybe UNC doesn’t gun as hard for Wall Street - we focus on consulting just as much.
Kenan-Flagler’s culture at the undergrad level is that there are two positions post-graduation: investment banking and management consulting.
Also, if you are not definite you want to end up in NYC, Bank of America and Wells Fargo love UNC students for their Charlotte office. Also, we’re the biggest feeder to Suntrust IB in Atlanta. (UNC has the edge here). On the flip side, if you want to work on the west coast, Michigan has the edge there.
^^^Thanks for clarifying the facts Notorious8893.
Taking cheap shots at other members is not allowed. Any further posts of that type will result in [further] penalties. - Fallenchemist
My point above was about the size of the undergrad business schools. If @rjkofnovi is correct, then they are about the same which would negate my point. I stand corrected.
“One benefit of UNC in this analysis is that there are typically fewer students angling for Wall Street jobs than there are at Michigan.”
Kenan Flagler admits 330 or so student per class…compared to 420 per class at Ross. As such, Ross is larger than Kenan Flagler, but not to the point were comparing the two would be pointless.
“Many of the 1400 students that attend Ross specifically seek those jobs.”
As I had previously stated (I am surprised you already forgot since we had this discussion 5 days ago), Ross does not attract IB types. Ross is not like Stern or Wharton, where the majority of the students aim for Wall Street. 25% of Ross students are consulting types (McKinsey, Bain and BCG hire 10-15 annually, the rest join the likes of Accenture, A.T. Kearney, Deloitte, E&Y, OW, PwC, Strategy& formerly Booz etc…), 15% tech types (those usually end up working in the West Coast for companies like Microsoft, Cisco, IBM, Intel, Sun, Google etc…) and 15% manufacturing types. Only 40% of Ross students apply for jobs in finance, obviously not all of them in IBanking. This ratio is actually carefully observed by the admissions office as Ross deliberately aims for a well-rounded class. Given its status as a top 5 Ibanking hunting ground, a high percentage of those seeking work in finance are placed, half of them in BB IBanks like GS, MS, JPM, Citi, CS, UBS, Deutsche, BNP Paribas, Barclays and BoA, or in boutique type firms like Blackstone, Lazard etc… and the other half in secondary IBanks/financial institutions.
Among BBA programs, only Wharton does better, and only McIntire, McDonough and Dyson match Ross. Perhaps Kenan Flagler is also a major target for IBanks, but since it does not publish a job placement report, it is difficult to ascertain. I know that BoA recruits heavily at Kenan Flagler for obvious reasons, but I am not sure about the other BB Ibanks or boutiques.
Correction to an above statement made in error: Kenan Flager has a two year undergraduate business program with 660 students.
UNCCH may own Charlotte and Atlanta but in NY or Boston, way down the pecking order.
Michigan is a great school! Though I am kind of surprised with the admissions rate. Is there a reason they are admitting more students?
Michigan’s admit rate is on the move. It was over 50% in 2010, and 33% last year. This year should drop to under 30%. Part of the reason for Michigan’s historically high acceptance rate is appeal. Most students hate the idea of studying in Middle America. Another part of the appeal is size. Michigan enrolls 6,000 freshmen, which means they must admit 15,000 applicants. However, quite possibly the biggest factor was not belonging to the Common Application until late in the game. Most of Michigan’s peers joined the Common App in the 1990s. Michigan joined in 2010. That is what has contributed most to Michigan’s rapid acceptance rate drop from over 50% to most likely under 30% this year. I expect this rapid drop to continue for another 5 or more years until Michigan’s acceptance rate will plateau at around 20%, if not lower, depending on how generous its FA becomes. Conceivably. Michigan’s acceptance rate could drop to less than 15% if the University meets 100% of demonstrated need through generous grants. Considering that the University does not use ED, that is pretty impressive.
@Alexandre, Wow! 50% admission rate in 2010!! That is really high. That’s not very selective. So is it just the bad location? Detroit, bad weather, etc?
It was a combination of factors. But the 50% acceptance rate was not unusual for elite universities. Johns Hopkins and the University of Chicago also had acceptance rates in the 45%-50% range until they joined the common app in 2004.
The admit rate from five years ago has nothing to do with the school’s academic excellence. Michgan has been considered academically prestigious for almost two centuries!
According to Webster’s, the definition of selective is - careful to choose only the best people or things. So @elvinr, based on that definition I’d agree with you that a 50% admission rate is not very selective when there are a number of schools with single digit admission rates. Granted, at the time the OOS admissions rate was much lower than 50%, but it could even be argued that the school was not very selective for OOS students at that time.
Many elite schools today were not elite in the past either. This is 2015, time to get with the program.
Interesting history on CC elvinr. Did you just open an account to comment on Michigan’s addmission rate from five years ago?