SHOULD I TRANSFER? MY GOAL IS IB/PRIVATE EQUITY
Hello Everyone!
I am currently a Sophomore Finance and Accounting major at a non target school. My goal is to work in IB/Private Equity. I also hold several leadership positions and I have several 100+ hour volunteer experiences at hospitals and food pantries.
My current major GPA is a 3.7, but my cumulative GPA is currently a 2.9. My previous major was Premed.
Option 1: Don’t Transfer and continue my current GPA growth and have around a 3.4 my senior year, and keep the Finance and Accounting major.
Option 2: Transfer to a school like Indiana and major in Economics with a Business minor or transfer to a non target that will potentially accept me right away into their School of Business, where I would major in Finance and Accounting. Consequently by transferring, my cumulative GPA resets.
Taking into account all possible factors, should I transfer? Both options either way I will still have to create my own luck and I will still have to continue to network and set up calls through LinkedIn.
Everyone thanks for taking the time out of your busy day to read my current situation! Please let me know what your thoughts are.
Having a cumulative 3.4 at graduation is still a touch on the low side. Anything below a 3.5 at some banks, don’t even pass through the resume screening. Can you transfer to a strong target? That would offset the gpa, a little.
Let me try to answer this because I was in the same boat as you not a long while back. I graduated from a non-target school in Michigan last year with a decent GPA. Looking back at my experience, I wish I would have transferred. If you're goal is get to into IB / PE, target schools are the best way to get your foot in the door. The networking opportunities, brand recognition of your school, and likeliness to pass the resume screen greatly increase. I wish I would have known that I wanted to pursue IB earlier on in undergrad, as I would have definitely made the necessary moves (e.g. transferring to a target school, understanding the IB recruiting process, networked earlier in undergrad, etc.).
With regards to your Cumulative GPA resetting, I'm not too sure about that. It was always my understanding that your credits & GPA from those credits would remain on your transcript, so I would triple-check before transferring (YMMV). If you don't have to worry about paying for college, I would definitely look at any target school that is willing to take you in as a transfer. The stronger the target, the better. If you have to worry about financing your education, Michigan is an in-state school that is a relatively strong target.
Hopefully this helps! Best of luck to you!
Should I transfer decision tree:
Do you go to a semi/target? If so, don't transfer.
Do you go to a non-target? If so, absolutely transfer to a semi/target.
Thank you everyone for the helpful responses! My game plan is to land an internship in the winter of 2020 and to potentially intern in the summer of 2020 as well. I plan on transferring and majoring in Economics with a Business minor at either Michigan(spring/summer semester), Indiana(spring/summer semester), or UT at Austin(spring/summer semester). I already know for sure I can get into Indiana, the other two universities are a toss up.
The reason why I am leaving out other schools, such as, Virginia and Northwestern is because they do not accept transfers until the Fall and I want to have a GPA when applying for internships in the fall.
Worst Case Scenario: I transfer to Indiana as an Economics major with a Business minor, and potentially get into Kelley School of Business.
Best Case Scenario: I transfer to Michigan as an Economics major.
I dont see how you’re going to get into Indiana/Umich with a 2.9 cumulative.
Unless transferring is very easy I would think that you would at least need a 3.3-3.4 to have a shot no?
For Indiana, the minimum for residents is a 2.3 GPA and for non residents the minimum is a 2.5 GPA to transfer as an economics major. I already spoke with an academic advisor at Indiana. It is likely I will get into Indiana. As for Michigan, it is a long shot.
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