Worth double transferring from Semi-Target to Target?
Hello fellow monkeys, I would like to know your thoughts on my situation. Any insights are much appreciated.
I just completed my freshman year and will me transferring from a non-target to a semi-target (Emory/UNC). The school I am going to sends most kids to mid BB banks (Citi/Barclays/UBS). GS takes 2-5 people per year, CVP takes 2-3, both are extremely competitive. Other EBs are tough but possible with networking. My goal is to break into HFs or MF/UMM PE after banking. Should I stay at my semi-target or transfer again after one year to a target? I am worried that a mid BB + semi target school will limit my chances for top banking exits.
I am fairly confident that if I have good grades this year and take the SAT I should be able to get into a target (Georgetown, Cornell, ND) for my junior year. I will be recruiting for junior internships during sophomore spring at the semi, but my thought process is that the target name will make it easier to lateral in the future. Also the target looks better for buy side recruitment. Another consideration is my school now gives below average financial aid, and other schools would be around $5k cheaper per year.
However, my current is school is a perfect location for me (1 hr from home, in a fun city, near friends), which is a reason I like it. Also is it a red flag for recruiters to double transfer? Some other concerns/negatives are losing friends, and needing to study for the SAT, and just not enjoying other schools as much. I am still grateful to have a shot at any bank now, when before I had almost zero chance. At the least, a mid BB offer is guaranteed with the right clubs.
Is it worth going through the transfer process again for basically the added lifetime prestige and how much will that benefit me in business? I would say career prospects are my #1 priority. Any advice for if I stay? I would like to hear both sides.
Bro just enjoy your time in college and get a life. 3 schools on ur resume will look rough and from a life perspective, it’s already hard enough to assimilate into your school’s culture as a sophomore transfer — it’ll be even worse as a junior transfer. Just enjoy your time in school, secure your offer and you’ll be fine.
If you want to uproot your life once more and solidify the fact that you’ll have no real connections/friends after 4 years of college in exchange for a slightly more prestigious PE opportunity 5 years down the line (assuming that you get this “mid BB” internship offer and then a return in the first place), you do you.
thank you for your advice
Agree with the above. I transferred twice (for different reasons) and definitely don’t recommend it.
You’ll be able to land something at your new school.
Dude, this stuff is not everything in life. If you are driven, you will eventually get the offer that you're looking for. Sure you might not end up at that top HF or PE firm originally, but you'll work your way up and reach there eventually. One thing you won't get the chance to work towards in the future however, is getting your 4 years of college back. Just enjoy the time you have at UNC or Emory, make some lifelong friends, meet your future wife, whatever. It would be pretty hard to start over for the 2nd time at a new school.
You can always try but it will be very hard and especially since you've already hopped. To move in tiers above say Emory or UNC is pretty much only Ivies. At that point you're probably just looking at UPenn, Cornell, Northwestern, Georgetown, Columbia, UChicago that realistically take transfers. Out of those, I don't think all offer an *extreme* advantage. All of them are very limited for junior transfers and I'm not sure that focusing on that is a particularly worthwhile endeavor especially since a lot of recruiting is done.
I think Emory or UNC( maybe Emory somewhat more) are good enough for buyside recruiting. They both can get you into BBs and top MMs and Emory has a very strong EB pipeline UNC not as much for EBs but still buyside will be more based on the bank you can crack which will happen sophomore year. I get that not everyone values the social experience as much but focusing on transferring definitely worsens your social experience especially since you're already entering a new environment. On top of that junior transfers have an even harder time adjusting.
TLDR- You can always try but focusing on transferring that is not a very fruitful endeavor given the slim likelihood and the marginal benefit given that a lot of recruiting is done and the negative impact on the social experience
Very unlikely a target will accept you given they would be your third school. It's a red flag to transfer that much. Banks would feel the same way... their first though is are you also going to jump around multiple different banks?
You will be totally fine at a semi target. Stop being so obsessed with prestige, god forbid you only end up at a mid BB...
OP here, I'm glad I got a second opinion on this. Definitely helps clarify my decision making process.
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