NYC Semi-Targets
I am currently at a non-target, majoring in Finance and would like to transfer at some point in the next year or so. I don't really want to leave the Long Island or NYC area because I don't really want to be more than a train ride away from home with my father's current health. Plus, NYC has a ton of excellent networking opportunities. I've realized that most of the true targets in NYC, like NYU and Columbia are a bit of a stretch for me, with a 3.5 GPA and limited EC's (although that is about to change.) More importantly, from the transfer forms I was looking at, most targets still look at SAT scores, even for transfer students and my 1100/1600 isn't really going to impress anyone.
I think I have a pretty good shot of getting into Fordham, Hofstra and Baruch. Are there any other semi-targets in the NYC metropolitan area that I should be applying to?
I agree with Smitty. If you can pass yourself off as weird try for Gallatin. Just take relevant classes and don't get caught up in the weirdness. Otherwise do Fordham... Regardless, make the most of it. NETWORK NETWORK NETWORK and get some experience on your resume. That trumps most.
Haha, I never heard of NYU Gallatin. I just googled it and they all look like artsy hippie liberals. Would they even let me major in Finance at NYU Gallatin?
A handful of kids make it in every year from Stoneybrook, UConn, Penn State, and Rutgers. I'd pick those over the city schools outside NYU and Columbia. However, state school admissions are largely based on standardized test scores and you may not make the cut with those.
I would steer away from Fordham unless you come from money. It is a great Catholic school, but you have a serious risk of graduating $100K in debt with a $50K/year job. That's no way to start a career.
Thanks for the replies guys. I will definitely look into Rutgers and NYU Gallatin.
I will definitely take a closer look at Stony Brook, they are less than 15 minutes away from my house. I was just under the impression, that unless you want to do something science related, there are better options.
As far as Fordham goes, I was thinking I should qualify for a decent amount of financial aid, because my immediate family is going through some financial hardship.
There are more important things in life than standardized test scores.
Getting into FO from Fordham is Tough, possibly as tough as baruch, either way you better network your fanny off
why don't u just retake the sats? if you can't break 1300 with some decent studying then i don't think you're cut out for FO.
Why don't you try for Rutgers? I'd put Rutgers above Hofstra , Fordham and such... And it isn't too difficult to get in I believe.
I go to Rutgers and you will get eaten for lunch at the finance club (through which most people get FO jobs) unless you are a star. A 3.5 won't cut it so if you're going to transfer to RU, you're probably going to have to break in on your own.
A 3.5 won't get you into Rutgers? Is that a joke? It's a good school but it's not That good bud. (I went to somewhere comparable so that isn't meant to be condescending, just realistic).
nvm
I'm talking about getting a job through the finance club, not getting into the school. Was my language really that confusing?
And OP, who would ever want to hire somebody who isn't willing to study for a month so that they'll have a much better shot at getting into a good school?
Sorry, I feel just a little douchey. If you do come to Rutgers, pm me and I'll try to help out.
As for the 1100.......this isn't Princeton, don't worry about it, you did your best. I know people that barely got to 1000/1600 and made BB FO. There's a lot of reasons to hire someone.......
uconn stamford can major in economics... but its a much more of a commuter campus there ;x and the resources are mainly through the school of biz/finance
and is stony brook really above baruch?
I'm surprised there's not more SAT score elitism on this forum. I heard a few years ago that one of the bulge bracket investment banks was throwing out all resumes with an SAT score below 1400.
Hmmm, I got decent score on the exams, but frankly, it doesn't tell you anything about what kind of employee you're hiring. Smart people get 1100s all the time, but being smart doesn't mean you're good for the job, either.
Agreed. The reasoning behind it was that they had so many applicants that they were looking for ways to take people off the list, regardless of how qualified they were. Hopefully they don't do that when I apply. lol. Although, I'm not sure if I'm cut out for the IBD anyway.
I'd like to work for a value driven hedge fund, but in all honesty, that's an unlikely scenario at this stage of the game. I think it's more likely for me to strike gold in my personal portfolio by purchasing LEAPS on irrationally priced assets and having enough capital to start my own hedge fund, which is ultimately my end goal. As far as the most efficient way to get to that end goal, that's what I'm going to be spending the next 10-15 years trying to figure out.
Just a word about NYU Gallatin - although you can take the same classes as finance majors, it's incredibly hard to get the classes you want because Gallatin students are prioritized below Stern students for scheduling.
What about Syracuse? I feel like that probably has a presence on wall st
Getting a little tired of Rutgers people acting like they go to HYP. I am assuming you are a resident of NY? If so, surely don't pay out-of-state tuition at Rutgers. Stony Brook is a great school for the money. Agree with most of the others. Try for NYU, use Fordham and Stony as backups, maybe Pace.
Nothing of the sort was said about Rutgers, learn to read.
Just so you know.
" I go to Rutgers and you will get eaten for lunch at the finance club". This is what I was referring to. We just ended a couple day debate on why Rutgers was not a target and I really don't want to have another. Sorry I even brought it up.
If a person goes to a top 100 school, is smart, and is hardworking, they can get in if they REALLY want. The ivies make it easier. That is all.
I wasn't implying that Rutgers is a target. Target means on-campus recruiting. But here's why he wouldn't have a good shot getting into FO from the finance club and why I said he would have to break in on his own. We only refer the top 5 or so kids in each class to our alumni contacts. They usually get FO internships leading to jobs. Since most of the 22-40 year old alums came through the finance club, we are their first point of contact for Rutgers kids. Our recommendations will usually get priority over other kids. These kids are probably much better candidates than the OP and he likely won't get referred. Those who get a FO job through other means are usually studs who thought they could do it on their own and he would be competing with them as well. Thus, my statement is not far-fetched by any means.
But also note this implies that if you are target material and driven, then you probably have at least a 75% chance of getting a decent FO job at Rutgers. So it's a good choice if you wanna do finance!
1100?
I'm sorry for disappointing you, but I'm pretty good at stealing the best ideas from the smartest people, if that makes up for anything.
PM me if you have questions about Fordham. You can totally get FO roles from the school with a little networking. I had interviews at BoA, MS, even Google, so its def possible to land something (I got to superdays but couldn't convert to an offer). My roommate is going to IBD at a BB next year and I know plenty of other kids that broke into trading.
It certainly does if you're fast enough.
Why should I let the federal government fuck me on taxes? I try to never let those fuckers get more than 15%.
the key is networking.
But also note this implies that if you are target material and driven, then you probably have at least a 75% chance of getting a decent FO job at Rutgers ---ill sell that
It's not necessarily about being driven and smart. I'd put more emphasis on people skills; things like who you're friends with, who you play golf with and who you're related to make a big difference. Most of the stuff in finance really isn't that hard to learn.
Most of the kids getting FO out of Rutgers are a combination of rocket scientist, party animal, and bloodthirsty viking, and typically know what financial hardship is....they fucking WANT IT. So, if there's an exception, so be it, but I wouldn't bank on it. That's the only point I'm making......
It's a lot easier to sleep at night- and you wind up feeling a whole lot more powerful and being a whole lot more powerful if the reason you have a job is intrinsic rather than extrinsic. Find what it is you're good at and play it for all it's worth- and don't forget to smile and be nice.
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