Is UMich or NYU better for a finance career?

Question

I’m trying to decide between the University of Michigan and NYU for undergrad, and I want to focus on finance. I know both have strong reputations, but I’m mainly trying to understand which one tends to be better for breaking into banking, investment roles, or other finance careers after college.

I’m looking at the schools as a high school senior and want to make a choice based on career outcomes, not just overall prestige.

I’m looking at the schools as a high school senior and want to make a choice based on career outcomes, not just overall prestige.

Accepted Answer

The biggest practical tradeoff is campus recruiting power versus day-to-day proximity to the industry. NYU puts you in New York, which means easier access to internships during the school year, more alumni working nearby, and more chances to network in person while still an undergrad.

For pure finance recruiting, Michigan often has the edge if you are admitted to Ross or have a clear path into Ross. That matters a lot for investment banking and other competitive roles where formal pipelines, student clubs, and peer prep culture can make a real difference.

NYU is also very strong, especially for students in Stern. Being in the city can make it easier to stack internships, attend informational events, and build relationships earlier, which is valuable for banking and buy-side paths.

A major detail is that the comparison changes a lot depending on your specific school within each university. Ross versus Stern is a very close contest, and either can lead to excellent finance outcomes. Likewise, Stern versus Michigan outside Ross shifts things back toward NYU.

If the decision is Michigan Ross versus NYU Stern, I would take Michigan Ross. If it is Michigan without Ross versus NYU Stern, I would take NYU Stern.

Is UMich or NYU better for a finance career?

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