If im an incoming freshman at a Canadian target, should I also be looking to transfer to U.S schools?
Not to be pessimistic, but really the capital markets scene in canada is sm smaller and ivey/queens aren't very high odds to NY/SF anymore. Im Canadian and didn't apply to us schools out of high school and have some regrets as I did get into every school I applied to in Canada - I do understand US admissions is a whole new ball game. This is why I want to attempt to transfer to US schools with transfer rates higher than first year(UChicago, Northwestern, Cornell, NYU, USC etc). Unfortunately, my parents make too much for aid but not enough to afford a U.S school full pay (420k CAD, 300k USD pre tax) to what degree are loans worth it? are my odds still decent enough from queens/ivey? thanks for your time all.
If you're aiming for a career in high finance, particularly in NYC or SF, transferring to a U.S. school could indeed improve your odds. Here's a breakdown based on the most helpful WSO content:
1. Odds from Canadian Targets (Ivey/Queens)
2. Transferring to U.S. Schools
3. Financial Considerations
4. Staying at Queens/Ivey
5. Final Thoughts
If you decide to transfer, focus on schools with strong finance placement and manageable transfer rates. If you stay in Canada, prioritize networking and internships to maximize your odds.
Sources: Canadian vs USA vs International unis, Here are the Target Undergraduate Schools in Canada, Here are the Target Undergraduate Schools in Canada, The Comprehensive List of Transfer Friendly Schools For Investment Banking, IBD Barriers to Entry For Canadians and How to Overcome Them
You can try to transfer but it will not be easy in any case. You would need to transfer as a freshman to have a shot at the regular recruiting timeline/not waste a year and a half taking credits that won't be accepted (business-major courses are not exactly the most transfer-friendly courses), in which case solid scrutiny would be applied to your high school background. No clue what your profile is like, but if you were not very competitive as a high school applicant, you likely won't be as a freshman transfer either. And getting into every Canadian program you applied to shouldn't inspire regret; like you said, it is an entirely different ballgame. Most people that comfortably got into Ivey or QComm would've struck out across the board at US targets.
That said, hundreds of thousands of debt is a lot of money. Probably not worth it. I'd just stay in Canada, break into Toronto, and move to the states later on as a lateral or through an MBA. There are plenty of spots in Canada and Ivey/Queens were never "high odds" to the states. Ivey sent maybe 15 or so kids a year to the states from a program of almost 800 nowadays with like half the class recruiting for finance.
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