Should I Transfer? (Undergrad)
Hey guys,
I wanted your thoughts on if I should transfer to a top undergraduate business school (ideally Cornell) for my junior year of college.
I am currently a sophomore in a state university with 3.75 cumulative GPA, double major (math & finance). My main goal is an IB offer at an BB.
Now of course strictly academically, I should transfer, but taking into account possible credit loss, change in curriculum, new environment, GPA restart, etc., would it be worth transferring to better my chances for an IB career, or do I still have a decent shot coming from a state university?
Thanks.
GO TO AN IVY IF YOU CAN
If you get accepted you need to go. Simple as that.
It will open up the most doors by far. Not only at your first entry level positon but far beyond that.
Apply, and if you get in go. Might set you behind in terms of graduation but if your goal is IB BB, the brand, network, and OCR of a top school will be worth it.
How is the OCR at your school?
Not so great. Only 1 BB comes to recruit here (Citi), I believe for IB. Other banks comes here to hire mostly for operations.
Are you with in the vicinity of other schools that get better OCR rep? I have heard that traveling to the opportunities looks good, shows you have the drive and desire. It always helps to have a better school but it's not always the end all be all.
Do you suggest I should attend other university's career events if possible (such as NYU)?
Yes, not sure if you can get into the on campus interviews, would think no, but you usually can get into the info sessions.
here's a word of warning: banking job is no where guaranteed even if you transfer to cornell. there are so many kids at cornell gunning for IBD and trading, it's really competitive. also, keep in mind cornell is a big school (largest Ivy) and employers still hire the same number of kids form cornell, than say, dartmouth (which is much smaller). What that means is it is much more competitive here to get top jobs. Btw, i say this as a cornell student
if you can, try to transfer to Amherst, Williams, Dartmouth, or Brown. Those schools are much smaller and many of students from those schools aren't that interested in banking, yet they are top feeder schools into IB. you will more likely to break into IB out of those schools compared to cornell, all else equal
also - having to restart your gpa after you transfer sucks big time. what if you fuck up your gpa after you transfer?
If you can get in, then it would certainly help.
Do it...JUST FUCKING DO IT. Save yourself the pain, agony, and frustration of miserable non-target recruiting and running endless circles trying to network.
College isn't hard you've already been successful, your GPA will be fine.
for the record, I know quite a few seniors at Cornell with 3.5+ GPA's who are either jobless at the moment, or settled for BO or MO jobs. Pretty depressing stuff.
Cool story bro...
Its a fuckin target, no denying that shit.
NYU Stern is actually better for recruiting than all Ivies minus Harvard and Princeton and the business program at Penn, of course (measured by the amount of students each school sent to GS/JPM/MS)
yeah, i didn't know how well nyu stern placed, until i actually saw their career stats and was shocked. i would say that as a whole, more nyu stern grads found decent jobs (not just banking or trading) compared to liberal arts kids from Harvard or Princeton. I know one guy from my high school who graduated from Princeton in Econ last year with like 3.0 gpa. he has been unemployed for like a year now.
Also, Michigan Ross places exceptionally well... I think Michigan Ross and NYU Stern are actually better than low tier ivies for I-banking and consulting recruiting. plus, it is easier to get top GPA at michigan or virgnia compared to ivies...
.
from cornell, 12-13% of grads go into 'financial services'. That includes BO, MO, sales, and other random jobs, not just banking and trading.
it's amazing to see how wide the discrepancies are for job placement among grads of the same school. among kids that graduated from cornell last year, i know two kids who are working at GAP folding clothes, one girl working as a secretary at a local hospital, and one guy who is working an unpaid internship at a local shitty construction company for the entire year hoping to find a paying gig. granted, most of these kids were liberal arts majors like government, sociology, or some other shit
at the same time, several dudes i know are making 150k as traders at top prop trading firms... all of these guys were engineering, math, or CS majors, though.
many recruiters were telling me at presentations and events that what you major in matters far more than where you go to college. the obvious exceptions to this rule is banking and management consulting. then again, most of kids from target schools won't get either banking or top consulting...
transferring just to get a banking job may not be worth it... it costs more money to attend an ivy than a state school, you may not get a banking job even if you transfer, and plus girls are ugly. the best schools imo are Michigan, Virginia, UCLA, and USC. all those schools have pretty strong OCR, on top of having sick sports, tons of hot girls, affordable tuition (if you are in-state), and crazy parties
i guess people who attend non-targets have this sugar-coated views of Ivies' OCR in general. No, you won't likely to get a banking job, even if you transfer to cornell. most liberal arts grads from ivies end up in shitty jobs, just like the rest of kids from non-targets, or they attend grad school. however, if you have 3.5+ gpa in engineering, CS, or math from an Ivy, you're pretty set
You should only transfer if you're going to transfer solidly
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