<p>I am planning to go into finance eventually, but for undergrad I've applied to economics and finance courses. I would like to do finance as a major at undergrad too, but quality of school matters more to me. I was deferred from Wharton, but recently I got my first acceptance into Michigan (LSA, waiting on Ross school of business pre admit decision still). Ross is my second choice. So now that I got in I was wondering which of my schools should I not even consider if I got in? Which schools would be worse (lets assume I don't get Ross pre admit and I have to apply after a year for the program with a 30% internal transfer rate).</p>
<p>Wharton
NYU
CMU Tepper
Northwestern (eco)
Cornell (eco)
Indiana Bloomington
Virginia (eco)
Emory (eco)</p>
<p>Cost is not a factor at all, and for a University to have lots of activities to participate in would be a plus. I know all of these are great schools, but now that I've luckily got into one of the ones I was hoping to get, I'm starting to think about the smaller details and which ones I should cross out. I'm an international applicant, that's why I didn't really have an opportunity to visit. </p>
<p>Go back to your parents (or whoever it is who is helping you pay for your education) and verify this. Find out what exactly the limits are. If you were to choose the least expensive university now, would there be money left to help pay for post-graduate studies?</p>
<p>It is still early to be worrying about which universities you shouldn’t be thinking about anymore because it is entirely possible that you will be only admitted to one or two other programs. By April 1, your choices could be University X with an admission directly into the finance major, and Michigan with a “possibility of an internal transfer after one year”. You might find that you prefer the definite yes at University X, over the maybe at Michigan.</p>
<p>yea cost isnt a factor because fortunately my parents earn $1m+ a year and they are willing to pay as much as required for my education. I guess I might not get admitted to many other schools, but with my stats I’m hoping for a few more. The main reason is for Emory, Virginia and Indiana I have a few papers to send still, financial documents, and mailings pretty expensive and organising the papers is time consuming. I’m wondering if it’s worth scratching them off the list and withdrawing my app completely, hence opening up a slot for some other deserving candidate too.</p>
<p>If you know right now that you would choose Michigan with a possible internal transfer over direct admission to finance at Emory, Virginia, and/or Indiana it is perfectly fine for you to drop one or more of those three. But you need to be very clear about what you will do at Michigan if you don’t pull off that internal transfer. What will you major in there? Will you try to transfer to another university?</p>
<p>Right now, my advice would be to continue to pursue those other universities until you have at least one more acceptance at a university that is higher on your list.</p>
<p>Emory and Virginia both have eco programs as well for first years. I’ll have to transfer to their business schools after 1-2 years anyways, although their internal transfers are slightly less competitive. If I go michigan economics only I think I’ll apply to 5-6 good business schools after my first year I guess. What I want to know is how Michigan compares to Virginia, Indiana or Emory.</p>
<p>Emory is one of the top business programs in the country. Althought internal transfers are fairly easy, transferring into the business program from another school is not that easy.</p>
<p>My dad owns a chain of jewellery stores, and well schools like virginia and emory have this binding contract thing which my parents have to sign to guarantee they will pay for four years. Michigan wants it only if I decide to attend. Makes sense I guess, but itd be better if they ask for all this only if i decide to go there, like michigan did</p>
<p>This is why they want financial documentation.</p>
<p>Many universities have extremely limited financial aid for international students, and admit very few international students who can’t pay their own way. Even if you don’t have to demonstrate that you can pay for the university in order to be admitted, you will have to demonstrate that you can in order to get your student visa.</p>
<p>Penn is your first choice and Michigan is your second choice. Since you were admitted into Michigan, why worry about the others? </p>
<p>Overall (quality of life, campus environment, international reputation, foreign student community, strength of Econ and Business programs, quality of faculty etc…), the schools that are on par with Michigan are Cornell, Northwestern and UVa. </p>
<p>NYU is excellent, but has no campus, CMU is also excellent but is not well rounded and Emory is very good but does not have a strong international reputation. Indiana is good but not quite as stong as the other schools. </p>
<p>I would wait for Cornell, Northwestern, UVa and Wharton to get back to you before deciding on a college. For now, you can take it easy knowing that you have a very good acceptance in your hands.</p>