<p>Who is better off ? A undergrad degree from the College of Arts and Sciences majoring in Economics at UPENN or a Rutgers School of Business student majoring in Finance? My logic is the PENN grad is in much better shape because the investments banks in NYC get the best applicants from all over the world. Penn is #4 in the world.A Rutgers degree is a dime a dozen. The avg Wharton undergrad avg $450,000 a year after 10 years!!(Not the same as CAS I know, but similar) Why would they waste there time on a Rutgers undergrad with the thousand of aplicants they get. But that is just my opinion, other people’s experiences would be appreciated.But I would like to note I am only taking about investment banking jobs in Wall street
.</p>
<p>Absolutely Penn, not even close. Penn is in the consideration set for most banks while Rutgers isnt. They will take 25 Penn Econ majors for every Rutgers finance grad.</p>
<p>I didn't even know Rutgers had undergraduate business. The Penn CAS students would get better placement.</p>
<p>Rutgers School of Business is ranked 87 for undergrad.</p>
<p>I don't think you can compare an ivy league education with a state school like Rutgers.</p>
<p>I agree,Penn is better. But, why do I get a large deviation in response from very respectable sources to this question??That can be frusturating....Do they just not know any better??</p>
<p>What respectable source?</p>
<p>There is no argument. There are many students working on the Street with BA's in Economics or majors like PPE from Penn's SAS. Wall Street DOESN'T always want Finance/business majors. The are many firms who prefer to hire people for associate/analyst positions with a liberal arts background.</p>
<p>The source I am refering to is a family friend. He is a Phd in History, but worked in business. He claims the once you get into a company they don't care where you went.He also thinks its not worth going into debt,when I could go to a cheaper public school. I think his thinking is flawed.A Rutgers grad would have a hard time get a Ibanking job on Wall Street and with all the income you make the debt would be worth it.</p>
<p>That is true to some extent, but you have to GET IN THE DOOR to company first, and that's where the school you decide to go to will help.</p>
<p>Plus, let me reiterate...where you go to school IS NOT supposed to be based solely on how much money you'll make in life. It's also supposed to be determined by where you'll be proud to go, not just now, but for the rest of your life. So, if you'll be happy/proud to go to Rutgers, go for it!. For me, I want to attend an Ivy for myself, NOT for a company.</p>
<p>I turned down a free-ride from Tulane to go into debt $60,000+ to complete the last two years of my degree at Penn. Why? Because I know inside myself that I would always regret not attending an Ivy. Do I think I'm better off at Penn than Tulane? Sure. Do I think I'll make more money later on by attending Penn? I don't know.</p>
<p>I agree 100%</p>
<p>Its seems like everyone is riding on the high and mighty UPenn wave, but I am going to go against the current and say go RUTGERS all the way. </p>
<p>First of all, I dont know who your fooling but you cant find any decent work these days without some graduate school training I dont care what profession it is. </p>
<p>Yes... Wharton is probably one of the best business schools in the world but Rutgers is not just your local community college. Low tuition, Great faculty, Hundreds of Investment banks located in New Jersey and being located in one of the richest states in the country you just cant go wrong. </p>
<p>Yeah I know Wharton has given birth to likes of people such as Donald Trump, but having Bernie Marcus the founder of Home Depot as a Rutgers Grad isnt too shabby.</p>
<p>Nevertheless, I say if you really want to see if you are capable of making it on Wall Street why wait four years???? Take the ten of thousands you would be saving by going to RU put it in some blue chips or maybe some T-bills and ride this Bull Market for all its got!!! Then you can say you made you first million before graduating from college. How is that for making your resume stand out!</p>
<p>I agree with you, sirknight...That's why it's important to go where you would be happy, not based on future projections of your salary.</p>
<p>Sirknight, you are right, a Rutgers grad has a bright future. But,I what basically wanted to know is who do Wall street firm hire the most for Ibanking? The answer to this question is not a opinion but a fact. My research suggest they hire mostly ivy league or students from big name schools.A Penn grad is in consideration while a RUtgers grad is not as likely,period. It is a fact....</p>
<p>Sorry to burst your bubble but the only thing that will be a fact in four years is that you will either be $120,000 in debt from going to UPenn or about $20,000 to $0 in debt from going to RU. Yes wharton does have great alumni network and this will probably give you an advantage over other competition. So the question is how much of an advantage? Well, considering that you may start out making $60,000 a year at best as an entry level associate with just a bacehelors's degree, after taxes,mortgage,insurance,car payment, and student loans, you better be pretty damn good at what you do or you will paying your loans off well into your 30's if not 40's. Just think about it takes most people 30yrs to pay off mortgages that are that much. </p>
<p>You may consider a rutgers degree to be a dime a dozen but here are about a dozen CEO's, CFO's, and managing directors of investment banks who probably think otherwise. </p>
<p><a href="http://www.leerink.com/news/20050627.htm%5B/url%5D">http://www.leerink.com/news/20050627.htm</a></p>
<p><a href="http://www.fenwaypartners.com/team1_c.html%5B/url%5D">http://www.fenwaypartners.com/team1_c.html</a></p>
<p><a href="http://www.roserventures.com/principals.htm%5B/url%5D">http://www.roserventures.com/principals.htm</a></p>
<p><a href="http://www.aca.com/financial/board.asp%5B/url%5D">http://www.aca.com/financial/board.asp</a></p>
<p><a href="http://www.askit.com/about/board.html%5B/url%5D">http://www.askit.com/about/board.html</a></p>
<p><a href="http://www.lincolnshiremgmt.com/management/%5B/url%5D">http://www.lincolnshiremgmt.com/management/</a></p>
<p><a href="http://www.cohen-bros.com/biopage.asp%5B/url%5D">http://www.cohen-bros.com/biopage.asp</a></p>
<p>While I don't usually engage in this school v. school arguments, but most of the links provided show a Rutgers MBA graduate or a Rutgers undergraduate who later went on for graduate school elsewhere. The OP was asking about Wharton Undergrad and Rutgers Undergrad -- there is no comparison, Wharton is undoubtedly the better choice.</p>
<p>As for your $60,000/yr claim, there are hundreds of Wharton UG grads each year making $100,000 or so after bonuses.</p>
<p>Undoubtly the better choice??? I am aware of the op's message and I just posted some links of successful individuals who were affiliated with RU. I just wanted to stress the amount of savings one is capable of having by choosing RU without sacrificing too much in academic prestige. </p>
<p>You state that there are hundreds of wharton undegrads making $100,000 just out of college. Well I dont know if you familiar with I banking but lets just say in a couple of years if not already most of these jobs are going to be outsourced to someone who is just as skilled in bangladesh or india making probably a fraction of what your suggesting. $100,000!!!! LOL.. you will be begging for $60,000 when graduating after 4 years. Look what happened to the decline of computer science majors surge during the dot com bust. With a global economy everyone wants a piece of the action. </p>
<p>A degree with a fancy name on it isnt enough these days. You really have to be good at what you do and most importantly have connections. Regardless of where you start, if your talented and have good business sense you will be making the big bucks. We all know that on the precious USnews totem poll RU is looking up at Wharton but to suggest that forking over close to an extra $120,000 in cash is undoubtly the better choice just to be an ivy grad is absurd especially when considering the recent increased loan interest rates.</p>
<p>Again...where will you be the most pruod to go. For me, 120,000 is nothing comapred to the pride I'll have knowing I graduated from an Ivy. No, it's not for snobbish reasons, just for me. I am a moderately successful Real Estate Agent, so I'm not looking for Penn to "make me rich". Hell, at my age and position in life (with a career nailed down), it probably won't make a difference where I go to school as far as salary is concerend. However, it matters to me personally.</p>
<p>sir, see:</p>
<p>Average total indebtedness of University of Pennsylvania 2003 graduating class: $19,579</p>
<p>Average total indebtedness of Rutgers - New Brunswick 2003 graduating class: $15,018</p>