Best undergrad target schools

I'm a freshman currently at a nontarget liberal arts school hoping to transfer to an Ivy this March

can you guys rank these schools in terms of targetness?

- Stanford

- UPenn SAS

- Columbia CC

- UChicago

- Northwestern

- Duke

- Dartmouth

- Cornell

I know that some schools have specific advantages e.g. Dartmouth ranks 3rd in PE behind Harvard and Wharton, so if any of you guys know about that for any school, feel free to drop that here.

About me: F, Asian (only one diversity buff :( , currently exploring both IBD and SnT

I'll be applying as a transfer student with a major that's completely unrelated to finance, and I am aware of their very different acceptance rates.

8 Comments
 

There’s no “best” school. All depends on what you want and where you think you’ll succeed. These schools are all great where you’ll end up doing well as long as you apply yourself.

My thoughts, for someone who is a non-diversity male, wants to be in NYC, for IB/PE, and wants a normal college experience (sports, partying, Greek life, getting laid, etc), I’d probably go:

Stanford
Dartmouth/Duke
Penn SAS/Columbia College/Northwestern
Cornell
Chicago

 

I mean out of these I would say Stanford is best chance for breaking into IB. The rest are pretty much tied. Lots of competition at every single one, especially as a transfer. For transfer rates - UChicago is highest, followed by Northwestern and Columbia. Cornell is inflated b/c of the guaranteed transfers they give out the year prior. Other ones like Duke and Upenn are very hard to transfer into so keep that in mind as well. 

IMO UChicago or Northwestern are your best bet. they send insane amounts to IB, PE, Consulting, and more. 

 

Based on the most helpful WSO content, here's a ranking of the schools you listed in terms of their "targetness" for investment banking and finance recruitment:

  1. Stanford – A top-tier target school, especially for West Coast opportunities. Its prestige and strong alumni network make it highly sought after.
  2. UPenn SAS (School of Arts and Sciences) – While not Wharton, it still benefits from Penn's overall reputation and proximity to Wharton resources. A strong target.
  3. Columbia CC (Columbia College) – A solid target, especially for NYC-based opportunities. Its location in NYC gives it a significant advantage.
  4. Dartmouth – Known for its strong alumni network and excellent placement into private equity and megafunds. It consistently ranks high for finance opportunities.
  5. UChicago – A strong target, particularly for quantitative finance and Chicago-based opportunities. Its rigorous academics are well-respected.
  6. Northwestern – A target school, though slightly behind the others listed above. It places well regionally and has a strong alumni network.
  7. Duke – A target school, particularly strong in the South and NYC. Its alumni network is robust, but it may require more networking compared to the top-tier targets.
  8. Cornell – A target school, but its placement strength can vary depending on the specific program (e.g., Dyson or AEM are stronger for finance). It’s still a solid choice.

Additional Notes:

  • Dartmouth is often highlighted for its exceptional alumni network and strong placement into private equity, ranking just behind Harvard and Wharton for megafund PE.
  • Stanford and Columbia benefit from their locations (West Coast and NYC, respectively), which can provide easier access to networking opportunities.
  • UPenn SAS students can leverage Wharton resources, but it may require more effort compared to Wharton students.
  • Cornell is known as one of the most transfer-friendly Ivy League schools, which could be advantageous for your situation.

Given your interest in both IBD and SnT, all these schools are strong options, but the top-tier targets (Stanford, UPenn SAS, Columbia, Dartmouth) might give you a slight edge in terms of overall placement and alumni support.

Sources: The Comprehensive List of Transfer Friendly Schools For Investment Banking, The Comprehensive List of Transfer Friendly Schools For Investment Banking, Comprehensive List of Target Schools for Investment Banking, Comprehensive Undergraduate Target Schools Tier List 2020, Undergraduate Target Schools Tier List (2021 Updates)

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

I'm also gonna apply to most of these schools in 2026.


For Finance, I think: Columbia>UPenn>Cornell>UChicago>Duke>Dartmouth>Northwestern>Stanford

Personally, I think: UChicago>Columbia>Cornell>Duke>Darthmouth>UPenn>Northwestern>Stanford

 

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