Anyhow, my main point (even though it was perhaps originally conveyed in a hyperbolic fashion) is that the "NYC advantage" catchphrase overstates the benefit especially when compared to schools of equal or greater renown like Chicago, HBS, Wharton or Stanford. when it comes to finance recruiting. For plain vanilla investment banking, it really doesn't matter which top school you go to, as long as the school is on the banks' target lists. And for specific jobs in private equity, hedge funds, venture capital, investment management, etc. it's more a function of your prior experience and the alumni networks of the various b-schools -- not whether the b-school is within subway distance (only difference is that aside from Stanford, going to the other schools just involves a more expensive but short trip into NYC). Don't get me wrong - Columbia is a great school, but the "NYC advantage" is often overstated (exhibit: Stern). It's primary strength in placing grads in finance isn't due to its location, but like Chicago, Wharton, or HBS it's due to its reputation and alumni base who are in these very industries. The main point is: it doesn't matter because it's all roughly the same. Chicago will likely give you a better academic education in finance, whereas Columbia makes it cheaper and easier to contact recruiters. But neither is so significant that it makes one school better than the other for the practical process of finding a good job in finance (whether it's IB or something else). -- by 会员 wordance (2009/12/10 0:02:56)
do you agree that Chicago has better placement in consulting? |