Transfer Student and Accelerated Recruiting
I have an opportunity to transfer into a top 20 university as a Junior (class of 2021) but after networking it seems like most investment banking roles have already finished up recruiting a couple months ago for the summer of 2020. Delaying graduation really is not an option since I'm already taking out an insane amount of money to attend this college, upwards of $80k-100k, if I decide to move forward.
Are most other careers within finance such as: corporate banking, asset management, commercial banking, corporate finance, s&t, private banking, etc following the same accelerated recruiting path like the case is with IB?
Thanks.
Transfer student here as well. It really does suck. Anyone who didn't hire for Summer 2020 on the IB cycle will be hiring september to october. Literally everyone wraps up hiring by end of October. Your only option would be boutiques. Here's what you could do If you've accepted the admission offer, just list the new school on your resume. For example, let's say you're transferring to NYU Just write NYU Class of 2021 on your resume as latest education And put the start date as Fall 2019, and write the end date for your current school as Spring 2019. This way you can take a shot during the regular summer 2020 hiring cycle. That's the way I'd go about it. Otherwise your best shot would be at boutiques. ALSO this way if you don't end up landing a gig by August, you could just scrap your plans for transferring and just continue at your current school....
Would I be stupid to mention community college in my resume? Won't they be curious why I'm not staying for four years and only three?
I'd like to hear more about this from hiring managers perhaps. I certainly feel that having CC on my resume negatively impacts it.
CC before transferring on my resume was a huge talking point during my superdays and MD's not only loved it but respected the hustle.
Yeah I’m at a community college right now, I got some interviews for finance jobs in the city but they all fell through. I can’t really imagine it’s negative aside from the fact that one missed the crucial years of networking and stuff...which is already a massive hurdle.
If you're BB or bust do not do it. There will only be a handful of MM's/Boutiques still hiring by the time you get to your school, but there's a chance you won't be interviewed because OCR will have already made their rounds and selected who they want to interview.
I transferred to a target as a rising junior and originally was going to graduate in 2020. I had to delay and become CO'21 to get the full recruiting experience.
I had interviews with some MM's like Piper Jaffray, Raymond James, and Stifel when I originally got there, but all the EB/BB/Big MM's were done.
TL;DR: If you're chasing FO (IB/AM/S&T/CB/PB) it is only worth it if you delay and execute on a BB/EB or top MM offer, imo.
Corpfin and Commercial might still be recruiting in late winter/early spring but that's a huge risk and with networking you could probably land from wherever you are right now. Not worth the debt either
Did you pick up another major to push graduation a year?
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