UNC A&S vs IU Kelley - Need advice on transfer for IB/PE recruiting

Hey everyone, I'm in a tough spot and could really use some advice from people who know the finance recruiting landscape.

Current situation: Rising sophomore at IU Kelley, recently got accepted to UNC for transfer

Career goals: Investment banking (targeting NY BB/EB) → Private equity long-term

UNC Option:

  • Major in Economics & Physics through A&S
  • Apply to Kenan-Flagler in sophomore year
  • Cost: $25k/year
  • Main concern: Will I get beat out by KF business majors during IB recruiting if I'm coming from A&S?

IU Kelley Option:

  • Stay in business school
  • Need to get into Investment Banking Workshop next semester to recruit for IB
  • Currently involved in several top clubs and a business fraternity at IU
  • Cost: $45k/year

Key questions:

  1. Does UNC's overall prestige + lower cost outweigh the potential disadvantage of not being a direct admit to KF?
  2. How hard is it really to get into KF from A&S, and do A&S students get overlooked during IB recruiting?
  3. Is IU Kelley's direct business school access + established IB workshop worth the extra $20k/year?
  4. From a pure recruiting standpoint for NY BB/EB, which path gives me better odds?
5 Comments
 

Can answer your questions on Kelley, don't know much about KF/UNC other than that it has a solid reputation.

Lean on mentors in clubs / bus frat through the IBW process. It is very tough, but if you start working now / give it 100%, I've rarely seen failure. That doesn't mean everyone who cares enough gets in; that's not true, but friends in the seminar or even in nothing landed great roles in NY.

Seems like both options are a wildcard, you might get into the IBW, you might get into KF. I would say in terms of expected value, IBW probably has a slight edge over KF on the IB recruiting front, but is that edge worth 20k? IMO, I'd ask yourself if you're happy at IU, business frats are pretty tight knit, so if you've got a good group of friends and a shot at the IBW, that might be worth the 20k, if you cant say that confidently, I would save the money and move on.

 

Went through recruiting at IU/workshops successfully and had the same transfer option as you. Not being in KF shouldn't really impact your recruiting - know of history/math/comp sci/econ majors from similar/worse schools who got top banks/buyside this cycle.

Would highly recommend transferring unless you absolutely love IU. It's not impossible to get top offers out of either school but you're dealing with less people at UNC gunning for the same roles compared to the swarm of workshop & non-workshop kids at IU.

No clue what the UNC finance club scene looks like, but I can guarantee that you'll have to jump through less hoops/needless bullshit to get institutional/alumni support compared to IU. That alone is worth transferring imo.

 

Nostrum quae voluptas provident. Corporis eum accusamus eaque vitae. Nemo aut minima nostrum maiores. Tempore qui rerum rem. Dolores illo architecto quia dolores distinctio. Magni et et qui veniam.

Pariatur et ea voluptatibus qui. Eos eius ducimus maxime dolor. Enim eligendi facilis officiis magni. Dolores sed molestias voluptatem quas sit autem vero. Et dolores ullam quibusdam. Commodi et voluptate recusandae consectetur nostrum excepturi magni. Asperiores nihil tempora dolor sapiente ea.

Dolor cupiditate iste pariatur enim sint corrupti. Accusantium sed eum sapiente aperiam accusamus. Nobis veniam qui dolorem est autem molestiae. In dolorem omnis velit molestiae sint autem.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”