Commuter School On East 25th Street Sticking It To Ivy League Snobs

It's surprising, we know: CUNY students work harder than Wharton students.
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By Beyond My Ken (Own work) [GFDL or CC BY-SA 4.0-3.0-2.5-2.0-1.0], via Wikimedia Commons

By Beyond My Ken (Own work) [GFDL or CC BY-SA 4.0-3.0-2.5-2.0-1.0], via Wikimedia Commons

There are a couple of things a business school can do if it finds itself outside of the magic circle of top programs. It can whine about how unfairly underappreciated it is by the standard metrics. It can give up the ghost and shut its doors. Or it can find something in which to kick the ass of its higher-ranked competitors, and go out and do that.

This is the approach taken by Baruch College (#57 in this year’s U.S. News MBA rankings), which has been cleaning up at trading competitions.

Students in the Baruch Traders Club crushed rivals at several competitions this year, claiming first, second and third place at MIT’s ninth annual trading face-off in the fall—an unprecedented feat—and beating Columbia University and Carnegie Mellon to rank first at the Rotman International Trading Competition in February….

“In theory, you think Baruch College students have some kind of inferiority complex regarding Harvard. We don’t. Here, you don’t have to convince the students that [the trading club] is something they want to do,” said Dan Stefanica, a Baruch College professor who helped coach the Traders Club.

Sorry, Harvard and Yale, the Trading Whiz Kids Are at Baruch College [WSJ]

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B-School Problems

Apart from finding a job that will justify the hefty price tag of the MBA, the greatest challenge of the modern business school student is financing now the lifestyle that we think we deserve post-MBA. With the average MBA student taking on some $120,000+ in loans over two years, the common strategy entails paying less for the b-school basics (lunch, books, and beer) so that we can afford the real reasons we quit our day jobs: wining and dining at Alinea, re-enacting scenes from Aspen Extreme at a ski resort where beer flows like wine, and lazing on the beaches of Fiji, Brazil, and South Africa on school-organized treks designed to help us make friends before classes begin (aww!). It’s a hard-knock life, to be sure, but thankfully after surviving a year with no income, we’ve learned a trick or two that we’d like to share, on how to spend more than we’re worth. Tip #1: Share everything.