Undergrad Student Assessing Transfer Options
Hello all,
I am currently a freshman at a non-target school in the New York City area who has applied to transfer to higher-caliber institutions. So far, I have been accepted into UVA, and will here back form G-Town, Cornell, and Duke in the coming weeks. For the network and recruiting at these schools, it would seem like a no-brainer to transfer. However, I can't ignore the location advantage at my current institution which allows for interning during the school year and networking in the city. In fact, I already have a solid internship (IB) that will likely continue into the sophomore school year. Do you personally think this advantage outweighs the move to an institution with better recruiting and networks?
Thanks.
See where you get in, and how much money is offered from each, and then ask.
Where is in-state for you, did you apply there, and what is your current tuition rate?
While there are always facts and circumstances, if you are going to make a career of IBD, there is nothing wrong with switching to Rutgers or UVA if tuition is cheaper anyways. The flagship state schools, for better or for worse, are also known quantities for the MBA programs. So if you're working for a boutique when you apply for an M7 MBA, for some odd reason I think Rutgers or Baruch + Boutique IBD just plays better than completely-unheard-of-school + Boutique IBD.
I'm all for being thrifty on undergraduate education, but if anything the IBD job in some ways weighs more in favor of transferring. It sets a floor on outcomes for you and gives you a network to build on.
I also think there was some transfer conversation that I got dragged into six months ago where I weighed in favor of Cornell over a very small NYC non-target school.
Let's just say that all tuition rates would be roughly equal and my in-state school isn't a possibility. Essentially, it boils down to the recruiting/network advantages vs the NYC location advantage
Think of it this way, u already have the IB internship freshman year. If you go to a better school it almost guarantees 1-2 more IB or (gasp) buy-side internships with your background. You are ahead of your competition and a school with better prestige should put you WAY ahead.
I'd transfer. As someone above said, your current experience will help you land better gigs yet at a new place with better opportunities. All good schools, I'd personally look closely at OCR at each place and make sure you have access to the business/finance OCR - as some threads have pointed out, at some universities you don't get access to the relevant OCR if you're not in the business school applies here. Not sure if that applies in these cases (I think it might at UVA at the least) but there is a thread on WSO (the great transfer thread or something along those lines) that I think has the relevant info.
As an (irrelevant) aside, I was an international student at a semi-target in NY before transferring to a target closer to home, but based on things I've heard since I left if I could do it over again I'd very, very seriously consider going to Duke - it sounds awesome in so many ways.
After talking to about 10 older students, alumni, etc. in the last few days, I am 100% transferring, I just haven't decided where.
Ok. Here is one list of school preferences for banking that a banker who had to do everything over might make:
Cornell, Duke, UVA=Georgetown.
I would just caution that at some of these schools, you may not have time for a part-time job during the school year.
Worst case scenario, you take a semester off to relocate and work a bad-ass internship...
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