will graduating in five years put me at a disadvantage?
Hi, I'm a sophomore at Northeastern University, a non-target in Boston. They have a co-op program where students can choose to do 2 or 3 six-month long internships. Each one goes from July - December. My first one starts this July.
I want to stay in undergrad longer so I chose three, therefore my projected graduation date is May 2021 (I began in Sept 2016). I plan to cancel my third co-op in hopes of replacing it with a junior summer analyst position theoretically in Summer 2020. Will I be at a disadvantage to banks if I'm a fourth year instead of a third year while recruiting for it?
some background if this helps: 3.73, interned at a small consulting firm freshman summer, interned at a search fund sophomore fall, and will have two more additional co-op finance experiences by the time recruiting comes around. also in a business fraternity and hold a leadership position in an impact investing club.
Potentially applying to Northeastern and wanted to get som real feedback, can you pm me?
bump
It doesn’t matter, if the co-ops are good you might even land a job out of it. When we look at resumes we don’t know if it took you four years or three or five, quite frankly it doesn’t matter.
Shouldn't have a negative impact on you - my friend did 5 years because he was doing several majors and minors and it didn't impact him negatively. Just be read to explain why you are doing the co-ops instead of graudating on a regular time frame and you'll be fine.
Extend undergraduate study another year? (Originally Posted: 01/09/2012)
This is my first post on WallStreetOasis.com, however I have been utilizing the forums for quite some time.
I transferred from a community college in a single year into UCLA intending to major in Economics, with a minor in Accounting. However, I did not land any first round interviews for SA positions - most likely due to my GPA after a single quarter at UCLA. Also, I believe that my resume is not on par with others competing for SA positions. However, I was invited to a few banking receptions and the analysts told me that my resume was sufficient to get first round interviews.
I was thinking that I should extend my graduation date to 2014 - my original graduation date if I had not finished community college in a year. This will give me another shot at SA positions, increasing my GPA, and improving upon my resume.
Are there any negatives about extending my stay another year besides the amount of money it will cost? Can anyone give me input about my thought process?
Thank you everyone very much.
Bump. I'd like to add on to your question: will banks look down on applicants who have applied for SA positions as juniors twice?
If you adjust your graduation year they won't know that you're a junior for a second year and with all the resumes they screen and the little amount of time they give to each, they won't remember your name.
15xEBITDA is right. Ive heard of people who have done that and been successful the second time around
I'd consider applying for a masters, especially if it ends up costing roughly the same as another year of undergrad.
My classmate worked at a bulge bracket one junior summer in BO. he networked extensively and met a lot of FO ppl. Later he delayed his graduation one year later (hr said it was okay) and worked in a front office summer internship with the same bulge. It's fine hr doesn't care.
Thank you all for your inputs. A bump to see if anyone else has anything to say.
I transferred into the Spring semester at my school (target) for the same reason. I have a lot of good work experience (military), but want at least 2 shots at SA's before trying to land a FT offer. I will only be here for 2 years, however.
I deferred my year and am completing internships this year (2012) so I can get a BB IBD offer. Tbh - if anything - it shows commitment and the 'hunger' they are looking for. If you think it will help I would go for it.
Extra Year of School worth it for a top undergrad Business program(Finance Major)? (Originally Posted: 12/28/2017)
Is an extra $50,000 in tuition and year of school worth it to graduate from NYU Stern as opposed to NYU's econ program(which would take the normal 4 years)?
It honestly varies from school to school. IMHO, it's best to have the same background as those who are typically being recruited for Investment Banking Positions. I'm unsure about NYU CAS but if a majority of the Finance Majors and less of Econ majors are being recruited, I would advise that you should stay another year to get the degree or you will find yourself working a less presitigous job and a chip on your shoulder.
Transferring to better school but taking one extra year to graduate? (Originally Posted: 04/04/2013)
Hi,
I am in Canada first of all. I have applied for a transfer to McGill from my non-target. I am wondering if I should, after all, transfer even if it would take me probably about 2 semesters extra to graduate as I can only transfer over 30 credits (I have completed 51 now, so would have 7 classes not credited).
Pros:
1) I think I will like the school a lot more 2) The school has better recruitment 3) I definitely will apply for a masters after graduation unless I land a job I really like, so the better brand name will help me probably (would like to do it in Europe) 4) My GPA will probably end up being higher 5) Gives me a chance to apply to their Honours in IM program which is amazing.
Cons:
1) Gonna take an extra year to graduate 2) Extra tuition I have to pay 3) Am 22 years old, will end up graduating at 24
What do you guys think? If it makes any difference, I am not an IB or bust guy, I am also very interested in Asset Management/hedge funds and if I were to get into IB I would do 2 years and get out most likely.
Thank you for your input.
As somebody who did the "transfer but take an extra year" path, I'll say it was worth it. It also gives you the chance to get more work experience. You won't look old at 24; if anything, you will just come off as more mature/confident.
I am assuming that you are a Canadian citizen, and aren't going 60k into debt every year.
Thanks for the reply.
If it's worth anything, I don't look my age lol.
Did you ever asked about it since interviewers probably notice it on your resume? Did you even list your prior school on it? How do you talk about it in a good way (I assume I could get asked why I did not just apply there in the first place)?
TTT
You should take the opportunity to transfer. As much as I don't like the argument for target vs non-target issue, I will say that a brand name lasts you a life time and you cannot put a value on that.
Last bump...
I lied..
There is no real ding for being a year older when you graduate. You just have to have a better reason than, I did this because university Y has better IB recruiting than university X.
Switching majors, doing extra year of college. Need advice desperately (Originally Posted: 12/02/2014)
I am currently in my fall semester of Junior year. Last semester I received an academic dismissal from my university (a top 15 uni). However I appealed the dismissal due to personal circumstances and was given a chance to return for next semester under the conditions that I worked full time and took 6 credits in community college. I have completed these requirements and will be returning next semester. Upon my return I am doing a full switch from a neurosciences major to an economics major, and I will be doing a full extra year of college to make up for this. My GPA is currently abysmally low (~2.2), but I plan on keeping my new major GPA pristine as I am very sharp and my current GPA does not reflect my potential in any form whatsoever. In addition I have a strong personal story and background. I just wanted to know if I'm chasing an empty dream here and how I should proceed. I'd like an internship and career in the financial/business field, (I know looking for one right now would be useless since I don't have the major GPA, but for next year) but top internships in this field are extremely competitive.
You're fine. Just:
-get good grades -join finance clubs / take on leadership positions -network a lot -start doing internships and work your way up - No name PWM > MS / UBS PWM > Boutique I-bank > and so on..
Just make sure you have a good story to explain the issues in your background
Thank you so much for the reply and for the encouraging words. Where and when should I start looking for my first internship? I know I'll probably have to low-ball it to a local-ish non-prestigious internship but I just wanted to hear some ideas. Also about the MS, I was thinking of doing an mba over an ms down the road but I could do either or I suppose.
Graduating with a Bachelors of Science. Should I stay an extra year or no? (Originally Posted: 12/17/2013)
All my college classes were pretty much non-business except for Introduction to Accounting. (And I will take MicroEconomics over winter break to make up a little bit). I really would rather not stay as a super-senior but should I do so in order to take a year of business classes? (intro to accounting 2, etc.) What should I do and where do I go from here? What business jobs should I apply to and how?
Unless you're staying an extra year to get a minor in finance or economics or something like that and not just taking classes, I would advise against it.
I would apply to every job that you can find. Play the numbers game. But what do you want to do in the long run? As that will help to decide what you should do in the short term.
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