Transfer Student Position Advice

Basically I got accepted into NYU CAS/Econ for fall ‘26 and am interested in pursuing ER (although this could change). I’d enter as a sophomore so I can be on pace with recruiting in addition to being in NYC, which is where I’d ideally want to be due to the elite networking and vast opportunities available.

I knew when applying I wouldn’t be able to internally transfer to Stern and would get zero aid, bringing my annual COA (tuition, off-campus housing, food, etc.) likely above $110k+, which is not ideal. I have some sportsbook winnings where I could shave off a half a year of COA, but me+parents would have to take out loans, which, although they are fine with, I’m not sure if the ROI is worth it for a non-Stern degree.

On the other hand, I can go to UF for about $20k annual COA (in-state student). Although cheap, I would have to apply for spring ‘27, as I was rejected due to “capacity issues” that had nothing to do with my application, would be a business admin major instead of finance, start as a junior, and wouldn’t be able to do the MSF program.

^^^ To quickly note, I’d also apply to Columbia GS and UMich LSA for spring ‘27 but I didn’t want to make this post too long and am not sure if the difference is substantial enough to warrant paying OOS.

Friends and family have unanimously said to take NYU; however, I’ve seen often on here and other forums mention that non-Stern degrees are not worth the price, but I understand the opportunities and doors that can open from a school like NYU, but is it enough to warrant paying 6 figures plus annually, and how many of those opportunities are taken by Stern kids? While UF is a great school, I’m not sure how strong its presence is outside the Southeast if not in MSF/feeder clubs, as well as the extent of networking opportunities available.

I‘ve been back and forth about what I should do, so thought to look for some outside opinions from professionals in the space and would appreciate any advice!

tldr: Take a chance on NYU Econ full pay or take UF in-state with strings attached.

3 Comments
 

Based on the most helpful WSO content, here's a breakdown of your situation:

NYU CAS/Econ:

  • Pros:

    • Being in NYC offers unparalleled networking opportunities, especially for fields like Equity Research (ER).
    • Proximity to Wall Street and access to elite networking events, internships, and alumni connections.
    • NYU's brand name carries weight, even outside Stern, particularly in NYC.
    • You'll be on pace for sophomore recruiting, which is critical for competitive finance roles.
  • Cons:

    • The cost is astronomical at $110k+ annually, which could lead to significant debt for a non-Stern degree.
    • Non-Stern students may face tougher competition for top finance roles, as Stern students often dominate recruiting pipelines.
    • ROI might be questionable unless you secure a high-paying role post-graduation.

UF (In-State):

  • Pros:

    • Extremely affordable at $20k annual COA, minimizing debt and financial stress.
    • UF has a solid reputation in the Southeast and places decently in finance roles, especially if you maintain a strong GPA and network effectively.
    • While you wouldn't be in the MSF program, UF still offers opportunities through on-campus recruiting and alumni connections.
  • Cons:

    • Limited presence outside the Southeast, which could make breaking into NYC finance more challenging.
    • Starting as a junior in spring '27 might put you at a disadvantage for recruiting timelines.
    • Business admin major instead of finance could be less appealing to recruiters.

Key Considerations:

  1. Cost vs. Opportunity:

    • NYU offers better access to NYC finance roles, but the cost is a significant burden. If you and your family are comfortable with the financial risk and you're confident in your ability to leverage NYU's resources, it could be worth it.
    • UF is a safer financial choice, but you'll need to work harder to network and break into NYC finance.
  2. Recruiting Timeline:

    • At NYU, you'll be on track for sophomore recruiting, which is crucial for securing internships and full-time offers.
    • At UF, starting as a junior in spring '27 could put you behind in the recruiting process.
  3. Long-Term Goals:

    • If you're set on NYC and ER, NYU might provide a clearer path, but you'll need to weigh the financial strain.
    • If you're open to working in the Southeast or other regions, UF could be a more practical choice.

Advice:

  • If you can handle the financial burden and are committed to maximizing NYU's resources (networking, internships, etc.), NYU CAS/Econ could be a worthwhile investment.
  • If the debt feels overwhelming or you're unsure about the ROI, UF is a strong alternative, especially if you focus on networking, maintaining a high GPA, and leveraging LinkedIn/alumni connections to break into NYC finance.

Ultimately, the decision hinges on your risk tolerance, financial situation, and confidence in your ability to capitalize on the opportunities each school offers.

Sources: Which undergrad public safety is best to attend: IU, Penn State, UFlorida, or Fordham?, Advice for Princeton MFin Applicants, Last-minute Decision: Vanderbilt vs. IU-Kelley (undergrad), Break into high finance from a community college, UNC or Williams College

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

No matter what people say absolutely don't come to UF if you'll enter as a junior BBA/BSBA - will get zero looks for what you want. If there's a even a chance you can enter as a sophomore (major doesn't matter at all), depending on how hard you're willing to work that would probably be the top choice (could also fudge the grad date since business major is zero work and you can graduate early)

NYU not ideal but better than UF as a jr and Columbia GS would abs be worth COA

 
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