I am currently a junior attending the University of Nebraska majoring in business, I have a 3.85 cumulative GPA and an investment banking internship lined up with a MM firm in Chicago. Recently I was accepted into Cornell's ILR School as a transfer student and was wondering if it is worth it to transfer there to finish up undergrad.
My goal is to work for a BB investment bank after college.
I would have no debt if a graduated from Nebraska and ~$50k in debt if I graduated from Cornell.
You already have a MM internship - why would you transfer just for one year and put yourself 50k in the hole? Why not use your internship in Chi to network with bankers at your firm secure a FT offer, and network with BB bankers to set yourself up for FT recruiting season at Chicago BBs..
If you were a sophomore or freshman transferring would make more sense. Transferring now for no reason besides recruiting is pointless.
I'm no expert but I would think that in an industry like finance where pedigree holds so much weight...having a degree from Cornell can yield tons of unseen benefits in the future and open more doors than a B.A./B.S. from University of Nebraska, which is almost a cringe-worthy name to most elitist pricks that dominate this field.
Yeah that's true. You're very right, I don't know what the long term benefits of an Ivy League pedigree are in the future but in the short term I don't think it's a good choice. From what he's said, OP is already 50% of the way towards his goal and got there with just his University of Nebraska name. He can use the opportunities he'll get this summer to meet the other 50%. At the end of the day, a school with a target name doesn't guarantee anything, it will not guarantee into FT at a BB.
After a 2year stint he could go to an M7 and then rebrand himself with a top name, but in the short term transferring to a new school during SENIOR year and gaining 50k of debt just doesn't seem worth it to me. Just my opinion.
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