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Is this a good undergrad school for Business? - Page 3

post #31 of 107
4/25/09 at 10:05pm
Quote:
Originally Posted by haithman View Post
As a current ugrad at Wharton it is indeed a B.S. in Economics with a concentration in whatever (Finance, Accounting, Marketing, etc.)
All my upper level classes are been cross-listed with MBA's and undergrads typically do a bit better.

As a current econ-major ugrad in the college (UPenn rivalries ftw!), I can definitively say that the economics major and the Wharton economics program are completely different. That's not to say which is better, just that Wharton focuses on practical stuff whilst the college's econ program is much more abstract.

As for the OP, not a chance at an I-banking or top-tier consulting internship (unless you know someone). Do well at Rutgers, to to a top b-school three years after you graduate and try again. No shame in that. Who knows, you might even learn something in college beyond accounting.
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post #32 of 107
4/26/09 at 1:22am
Thread Starter 
well if I get into a top MBA program from Rutgers, would I really need the top internship?
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post #33 of 107
4/26/09 at 2:15am
Quote:
Originally Posted by TheApple View Post
well if I get into a top MBA program from Rutgers, would I really need the top internship?

MBA programs require work experience. So the situation looks like this:

undergrad -> work (2-5 years) -> MBA program (2 years) -> work

Obviously, where you go and how you do at the undergrad level affects what kind of internship and job you get. Those in turn affect what kind of MBA program you can go to. But obviously you can make incremental progress along the track. Some people are late bloomers. Rutgers isn't a bad school, but it's not great either. If you want to get an I-banking (or similar) job, you have to make progress at every level so that you do well at Rutgers, get a good job, get good test scores, and get to a better MBA program.
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post #34 of 107
4/26/09 at 2:17am
Also, to state explicitly what my previous post implies, you can now consider you life over.*


*somewhat joking.
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post #35 of 107
4/26/09 at 2:28am
Quote:
Originally Posted by w.mj View Post
As a current econ-major ugrad in the college (UPenn rivalries ftw!), I can definitively say that the economics major and the Wharton economics program are completely different. That's not to say which is better, just that Wharton focuses on practical stuff whilst the college's econ program is much more abstract.

As for the OP, not a chance at an I-banking or top-tier consulting internship (unless you know someone). Do well at Rutgers, to to a top b-school three years after you graduate and try again. No shame in that. Who knows, you might even learn something in college beyond accounting.

Agreed, if you want to study econ do not go to Wharton. You will take 3 econ courses in total
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post #36 of 107
4/26/09 at 7:47am
Yo dawg, fuck the east cost and come out west.
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post #37 of 107
4/26/09 at 11:35am
Thread Starter 
Quote:
Originally Posted by w.mj View Post
MBA programs require work experience. So the situation looks like this:

undergrad -> work (2-5 years) -> MBA program (2 years) -> work

Obviously, where you go and how you do at the undergrad level affects what kind of internship and job you get. Those in turn affect what kind of MBA program you can go to. But obviously you can make incremental progress along the track. Some people are late bloomers. Rutgers isn't a bad school, but it's not great either. If you want to get an I-banking (or similar) job, you have to make progress at every level so that you do well at Rutgers, get a good job, get good test scores, and get to a better MBA program.

You can still go to an MBA program straight out of College. It just isnt as easy...
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post #38 of 107
4/26/09 at 12:02pm
Quote:
Originally Posted by TheApple View Post
You can still go to an MBA program straight out of College. It just isnt as easy...

and it's also a horrible decision, because nobody wants a young knowitall with no experience. MBA just doesn't work well if you don't have solid full-time business experience prior to enrolling.
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post #39 of 107
4/26/09 at 12:32pm
Quote:
Originally Posted by TheApple View Post
You can still go to an MBA program straight out of College. It just isnt as easy...

It's not likely that you will go straight out of Rutgers to a top MBA program without significant work experience.
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post #40 of 107
4/26/09 at 12:45pm
Quote:
Originally Posted by clee1982 View Post
I don't think people care about whether you're business major or not if you're in undergraduate. Most of the traders on my desk graduated from physics/math/engineering. Friends in IBD have major all over the places as well. I don't think business major give you any real advantage, at least not as a undergraduate, MBA definitely.

The difference between Ivy and on Ivy is whether they will look at your resume at all or if campus recruiting will include your school at all. I know it sounds unfair, but oh well, this is pretty much the reality in top consulting/banking.

Most if not all of the people I know who are investment bankers graduated with liberal arts degrees. But they got those liberal art degrees from Harvard (and one from Bowdoin). My brother was an investment banker at JP Morgan Chase for 3 years with a Harvard degree in African American studies. These firms don't always look for business majors because a lot is learned on the job and they're mostly looking for people who can execute. I guess they assume if you can get a degree at an Ivy, you can execute.
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post #41 of 107
4/26/09 at 4:06pm
Quote:
Originally Posted by Nahmeanz View Post
Most if not all of the people I know who are investment bankers graduated with liberal arts degrees. But they got those liberal art degrees from Harvard (and one from Bowdoin). My brother was an investment banker at JP Morgan Chase for 3 years with a Harvard degree in African American studies. These firms don't always look for business majors because a lot is learned on the job and they're mostly looking for people who can execute. I guess they assume if you can get a degree at an Ivy, you can execute.

I wonder if this is going to change.
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post #42 of 107
4/26/09 at 7:02pm
Doubt that, if you ask me econ plus a few courses in accounting give you more substance and edge than business major (undergraduate anyway). I understand there are some excellent undergraduate business school out there, but if you have MBA in mind anyway, then I would rather suggest you to broaden your view to look at something else. You can get into IBD with any major is my point. If you're engineer/science major, than take a few courses in accounting/finance/economics to show that you have real interest. That, at least in the past is enough to get people into summer intership (assuming you have excellent GPA).

I am engineering by training all the way to master (left ph.d after 1.5 year). I am on the desk, not in IBD, but from my friend's experience it is how smart they belive you to be (and from trading's stand point of view... people in IBD aren't that smart, but that's just trading snob, some people in IBD are pretty smart). It has little to do with what you studied. They want to see a record of excellence, a record of leadership, record of being challenged then beat the challenge, ability to take initiative. Also, they will never tell you, but you need the ability to suck it up the first few years, especially in IBD...


Quote:
Originally Posted by SirSuturesALot View Post
I wonder if this is going to change.
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post #43 of 107
4/26/09 at 7:21pm
Thread Starter 
What do you think these firms consider a good GPA to be? At least a 3.7?
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post #44 of 107
4/26/09 at 7:26pm
Quote:
Originally Posted by username79 View Post
Ever been to a large state school and seen how much money, resources, and corporate involvement is being thrown around every day? The "top school" snobbery is ridiculous (though I do realize your name is "the snob").
Guilty as charged. Frankly, the state school kids know a lot more wrt the actual work than those of us with our hoity toity ivory tower degrees. Of course, who am I going to discuss Wittgenstein with at work? Heh heh.
Quote:
Originally Posted by TheApple
What do you think these firms consider a good GPA to be? At least a 3.7?
Usually job descriptions state min 3.5.. Of course, the higher the better. Aim for the 4.0 but an A- avg is nothing to sneeze at. It also depends on the reputation of the school's academics and your major. Obviously, a 3.0 from MIT in physics is a lot more valuable than a 3.8 from no-name uni in gender studies.
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post #45 of 107
4/26/09 at 7:36pm
Thread Starter 
Wouldnt it be better to have a 3.9 than a 4.0? Doesnt the 3.9 show that your school just doesnt give out A's? Or am I being silly?
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