Advice for Incoming Freshman at UNC
Hi! I'm going to be an incoming freshman at UNC-Chapel Hill in the fall and I am planning on majoring in business. I turned down some other undergraduate business programs (notably UT Austin McCombs CBHP, Michigan Ross) because I received the Morehead-Cain Scholarship. I also have assured admission into Kenan-Flagler.
My main problem is that I'm worried that I didn't make the right decision. When I made my decision, I rationalized it with the Poets and Quants undergraduate ranking and the fact that I would have access to the Morehead-Cain alumni network. However, the more I think about I get worried because McCombs and Ross both seem like targets, compared to UNC, a semi-target. I'm hoping that someone could tell me (honestly) whether I'm making a huge mistake and should just transfer out of here next year. Also any information about KF and the best way to maximize my experience there to put myself in a great position for recruiting (not completely sold yet but am looking at IB and consulting rn) would be great.
Thank you for your time!
I broke in from a non target not sure if my advice will be helpful. Find seniors or recently graduated alumni that are where you want to be and copy them. Better yet make a friend or two and ask how they got to where they are today. I got close to one senior who is going to the place I want to be (and will be going for summer 2025) full time in a couple weeks. His advice and mock interviews were the most valuable things ever during recruiting.
Flagship state schools are basically interchangeable in quality of education. UT only has more bankers than UNC because Houston is a bigger tier 2 mkt than Charlotte. Having a selective scholar community is important at a big state school so BHP likely would’ve been better than regular Ross and approximately equal to being Moorehead-Cain at UNC. Take advantage of your resources and being somewhat closer to NYC than UT and get a good gpa + network, you’ll be fine. Tons of UNC folks at BofA/WF because of ocr but you can probably do better.
I know who your buddy from Atlanta going to JPM HC is, and he is an anomaly.
Unc is a good school. Get good grades. Join a frat(doesn’t really matter which one). Join clubs like Reynold and do the IB workshop(not sure if this is called but like 80 people do it). BofA/Wells should be main target but possible to do better. Have a friend going to jpm(non div). Most top placement are very div heavy tho. Other than that get laid, girls are great at UNC.
Stop hyping up this institution, which does nothing to help its students. UNC is falling down the rankings, and the Morehead who got MS did it through the Insights program. PMT and Reynolds don't do anything either. I would transfer from UNC after my first year to an actual target, as most placements from UNC are through discovery programs or hyper-connected kids.
I know who your buddy from Atlanta going to JPM HC is, and he is an anomaly.
Not that hard, just lie about diversity. Mid bb in NYC after claiming Hispanic with nothing to do with Mexico.
And CLT is literally run by UNC kids, right about NYC THO.
Choosing the morehead/cain was definitely the right decision. I am on a similar merit scholarship at a large state school. I can tell you that it not only provides massive financial benefits but also probably offers networking opportunities with M/C alumni who can provide guidance and even open doors in various fields, including banking and finance. By connecting with these alumni, you not only gain mentors but also potentially valuable endorsements based on the relationships you build. Additionally, receiving such a selective scholarship implies that you had other options, adding a distinction to your name. You are in a great spot compared to other freshman around the country.
Graduated from UNC in the last 3 years, had a good resume but average gpa and got a BB offer (not BofA) in NYC at a bank where UNC was a non target for analysts, but networked in through alumni. Ultimately landed multiple PE offers (where I am now) as well during my first year of banking. My year there were probably ~20 kids who went to BBs in NYC (largely BofA, DB and MS, but believe every BB had at least 1 UNC kid) and another ~10 at Wells in both NY / CLT. Placement wasn’t dictated by clubs etc and, as mentioned, having a perfect gpa wasn’t required. So in my experience it was a target, but from what I heard talking to students as an analyst, it seems to have gotten tougher in the last few years. A lot of students who I thought were top candidates, ended up at Wells or DB. IMO, as a Morehead Cain, good internships and a good enough GPA, you’d be positioned well for most banks with enough networking and preparation, and best bets would be BofA and JPM (unclear how their recruiting works, but multiple kids per year have gotten offers in the last few years) with GS / MS possible, but more difficult. Wells and DB should be safer options on good execution. EBs are tough and a couple of the BBs will be near impossible given they fully rely on their core school list. Citi FIG also started recruiting again from UNC in the last year from what I’ve heard. Barclays alumni are helpful, but will be really hard to get a look from them now.
TLDR: You’ll be fine at UNC. Fewer banks recruit, but there’s far less competition than other target / semi targets, and the brand represents itself well. You should get a BB or Wells if you control what you can, and have some luck. Can’t speak for consulting really, but each MBB takes ~5 per year from my understanding, primarily in southeastern offices. FT is easier than internship for these.
I am international student. Please suggest me between unc and WashU for IB
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