University of Miami VS Fordham
I got accepted into both. I want to work in investment banking at a big banksuch asJPMorganon Wall Street after graduation. From my understanding, Miami is more prestigious but Fordham has more alumni connections. My fear is that Fordham alumni is at smaller banks and not at banks such asJPMorgan and that if there are alumni at the bigger banks that they are noninvestment banking jobs. One of the people I know whoworks at Morgan Stanleysays he has seen more people from UMiami than Fordham in investment banking at MS. Fordham is in New York and if I worked my connections right I could possibly still land a job inIBat a big bank. If my goal is to work at a big bank on Wall Street as an investment banker do you believe Fordham or UMiami would be a better choice?
Comments (24)
Yeah Fordham has like 1 people in MS this year via diversity. I think Fordham has the bestplacement with Barclaysout of allBBs. Virtually noEBs. I went to Fordham and talked to a bunch of kids already, and tbh your mindset of chasing big ditching small is not gonna work at Fordham.
Yes, seen 2-3 kids per year from Fordham to Barclays.
我更有兴趣在华尔街reet route and staying in New York. Would that be possible from Fordham? Also out of curiosity how do you know, do work inIBor just know a lot about the industry?
Do you think getting a 4.0 from Fordham could position me to transfer to a more target school?
Yes, that's what I did.
You will have more fun at UMiami and you can't bank on banking from either school. Definitely go to Miami you won't regret it
Good thing you specified on Wall Street, I thought you meantJPMorgan in Boise, Idaho
I hearJPMtops the potato industry loan syndication league tables in Boise
UM students are usually wealthy and already well connected. Maybe someone from the U can inform me otherwise but it seems as though that is how they break in.
this
UM places a handful of students each year intoIB. Probably around 5-7 a year to desirableBB/MMs.BAML/Cititake 1-2 a year /JPM&CSwill take one occasionally.
A small population of students try to pursue IB
it is doable from fordham but you have to grind for it
Both are non-core schools so you will have to put in significantly more work than others to get a reputable offer, let alongJPM/MS. Fordham has better placement than you would think, but the kids going to Barclays etc. from there are likely the top kids at the school who have spent the past 4 years networking inNYC, doing semester internships inIB, and just being way more prepared than others. UMiami is possible, but will be very hard. I'd be surprised if there was a single bank inNYthat actually had a pipeline forIB. Generally the best kids at each of these schools can get an offer, but these are often times kid with significant merit scholarships, honors programs, near-perfect GPA's etc. So basically it's possible, but you're going to have to work really hard and be a standout candidate.
So if I even wanted a small shot atJPMorgan or a bank of the caliber would you go with Miami?
It won't matter, if you get an offer fromJPMneither school will provide an advantage. Neither school has an alumni network atJPM, andJPMhas shifted its recruitment strategy and everything is HR-run (and school matters much less now). If I were you, I would be a lot more open-minded bank-wise. There are a lot more banks out there than justJPM. The kids from Wharton who end up atBAML/Barclays/Citi/CSare typically top candidates. You should be grateful to get any reputable offer.
Went to the U and work at a decent sized boutique inNYCnow, so let me weigh in here. As most of the comments have mentioned, you can make it into banking out of any school if you network enough and grind out top grades. You have a very good advantage knowing you'd be interested in banking before even starting school, so i'm sure you'll do just fine either way.
Yes,JPMand MS are top banks, but there are numerous other high quality banks out there as well, so I would strongly advise against limiting yourself to those two as I don't think anybody (even top students at target schools) can definitively guarantee they will get spots at select banks. It would be a disservice to only consider those two and I think that might just be attributed to being a bit green when it comes to understanding how the mechanics of job placement in banking works.
Citi recruits heavily from Miami for Treasury and Trade solutions. This is a middle office position, not afront officebanking position. However, I have seen a couple of the top students from Miami manage to get into the banking division at Citi. One thing to consider is are you going to be accepted to the Bermont/Carlin Scholars program, which is a direct feeder into Wall Street if you want it. The school can be fun but it really takes a certain person to thrive in that environment. It's a lot of rich north easterners with a splash of kids from SoFlo, at least from the experience in my social circle. Everyone also listens to fucking EDM, it's awful.
On the other hand, Fordham is a 25 min train ride toNYC. I don't have as much insight, but listen to those podcasts Patrick does (Monkey to Millions?) he mentors a young woman who goes to Fordham and she seemed to do really well since she kind of knew how the game was played early on.
All in all, I think the schools are comparable and i'd go where you feel like you'd be most comfortable. I'd also consider how much money these schools will give you. Neither of these places is worth paying full price (~65k a year). I do not even know if I'd pay half that price, but you know your personal situation better than I do. Happy to be helpful if I can.
I was talking to the person I know at MS and he says he has definitely seen people from UMiami at MS inIB. He also said most of them went to topMBAprograms before working for MS. The Bermount- Carlin program you mentioned, obviously it's selective but have you seen people go intoIBon Wall Street at either big or small banks out of this program?
Yes, i've seen people from Bermont/Carlin go to both big and small banks inNYCas well as other places. I personally was not a part of the program and I did fine, but definitely had to grind for it. Further to your first comment about Miami students at MS, this could be attributed to theMBAprogram they attended and not necessarily their undergrad program - totally changes the dynamic, especially if you recruited out of a topMBAprogram.
Aut recusandae similique tempora assumenda. Deleniti nihil aut quis et excepturi facere. Consequatur aperiam vero quisquam sint.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus:6 financial modeling lessons free($199 value)
orWant toUnlockby signing in with your social account?
Array
Omnis voluptatem ab quia non placeat aperiam. Ab enim nisi commodi tempora ad. Reiciendis eum voluptatibus minus aut quo. Ullam omnis molestiae dolorem modi. Nisi rem saepe ut dolores quis aspernatur minima ut.
Dolores soluta autem deleniti odit accusantium dolorum qui. Dolores sit quam commodi ut est sit.
Atque voluptates consequatur natus ducimus fugit aperiam ut. Dolores nam nesciunt sint doloribus ea voluptatem qui. Nihil sit mollitia enim qui. Aut quo fugiat cum enim ex eos quam non. Provident nisi est voluptatem dolorem quia porro.
Preview & download comment as image
You can download this screenshot as image or copy to clipboard using browser's context menu