Are transfers really screwed?
First-time poster here. I'm currently trying to transfer from a non-target to a semi-target this summer in order to get a GPA (ideally a 4.0) by fall. Currently, I'm a sophomore spring intern for a boutique investment bank in the southeast. Are big banks out of the question for people in my situation or is the rushed recruiting more of a problem for people looking to do banking in New York? I would love to do Investment banking in the northeast but the way things are going it seems like it's going to stay a dream.
Take my comment with a grain of salt but from what I've read on here delaying graduation a semester is a way to get an extra shot at recruiting. In a similar boat, interested to hear what other uses have to say.
Are you already at the new transfer institution or planning to transfer this summer/fall?
I've applied as a Fall transfer to a few Unis, I'll get my results in a few weeks or so. And to what StreetOfBulls has said, I've had a couple of certified users who transferred in as Juniors tell me that some regional MMs & Boutiques recruit later on during the year which is nice for transfers.
I delayed my graduation by a year and that's how I got in to the industry.
Transferring to a target next fall, all my friends who finished SA recruiting advised me to delay graduation so I can hop on the 2020 SA recruiting train. Its unfortunate but at this point we need to do it if we want a realistic shot at where we want to be. I also read that alot of banks are either accepting a rolling application through the summer, not sure what your situation at your school is though.
I would not let a "missed" SA opportunity dissuade you from transferring from a non-target to a semi-target/target if the opportunity arises. An issue I'm noticing a lot on this forum(and admittedly, I was also guilty of this in the past) is that people are too focused on the near term. While SA/FT/buyside/MBA recruiting are major milestones in a professional's career, you often need to take a step back and remind yourself that the decisions you make should cover your long term career objectives as well. Your school name is effectively your brand for your entire career, and even if you can't leverage it during SA recruiting, there's 30+ more years ahead of you where it absolutely will benefit you, and I guarantee more than once.
To address your question, even if all the BB/EBs are coming before your transfer date, there are still TONS of MMs that a semi-target will give you access to that you wouldn't get at your current school. Often times the mid-lower tier MMs don't hire on the same timeline as BBs, and I'm sure having that on your resume will set you up way better for FT recruiting than your current shop. Best of luck and hope this helps.
I only skimmed the prior replies from other users, but they are all directionally correct to say that the smartest way to do this in the current recruiting climate is by adding an extra semester or year to your undergraduate career in order to enjoy a proper recruiting cycle.
It may suck today, but think on a 10- and 40-year timeline. A decade from now, you're going to be way happier with yourself with (a) a stronger school's brand name on your resume and (b) a stronger bank placement as an intern and/or analyst.
Four decades from now with the accumulated advantage that those first two things unlocked (i.e. a stronger school let you get a stronger bank as a summer analyst, which let you get a stronger bank as a full-time analyst, which let you get a really strong buy-side placement, which helped you get an HBS/GSB degree, which helped you get a partner-track role at a solid firm, which helped you earn eight figures across your career ...), you'll really value trading one more year in school for a shot at that shinier trajectory.
So, transfer to the best school you can, write your resume as if you're one year further back than you originally began, and jump into the absurdly early recruiting process that banks are running now. Graduate in December (meaning you only spend nine semesters in school total), or stick a study-abroad program in for one or two semesters in your fourth (out of five) year and graduate in May of your fifth year.
Thank you for the insightful answer. Looking at the bigger picture makes pushing the graduation date sound like the right step. I guess I'm going to have to get a minor now.
Perfectly put, love reading your contributions APAE.
Pushing graduation an additional semester can be very helpful. It helped me .
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Any luck for transfer students? (Originally Posted: 02/13/2014)
I had a long discussion with one of my close friend today. He really wants to enter the consulting field and he is coming from a community college. He has been in community college for about 3 years but maintained a decent GPA (3.7) and will be looking to transfer soon. He tried applying for internships, but most people replied to him saying that they are only recruiting from 4 year universities. What would be some advice you guys can give for him after he transfers?
Thanks all!
EDIT: i want to go into the consulting field but i go to a CC- though i have a 3.7. wat do?
anyway, is there really any doubt about what your friend should do? try to transfer to as good of a target as possible for consulting, and utilize the alumni network for networking purposes there's a lot of threads on case study interviews, so encourage him to read those
not much else that can be done really
Community College for the first two years shows you're actually pretty smart and know the value of money. I got an offer and I actually went to community college my first year of undergrad; mainly b/c i effed up in HS. People exaggerate how much firms actually look through your transcript... IMO it's 90% interview, networking and GPA.
I suggest that as soon as he transfers, have him talk to the career center at his school. If they are any good at their objective, they should be able to help him land a summer internship a year before he graduates. Once he lands a summer internship it should be pretty straight forward.
Tell him to take the easiest possible classes, and focus 100% on GPA.
His old GPA will reset, and his classes will undoubtedly be more difficult if he gets into a good school.
I have specifically created this account to not be backtracked based on my last posts and to remain anonymous.
I went to a community college for 2 years, transferred to a top 10 UG B-chool and will be working at a top 10 investment bank after graduation.
3 of my best friends also went to community college, transferred and will be at BAML Investment Banking, PwC consulting, and Wells Fargo Investment Banking. A few of my other friends and acquaintances who went to JC and ended up at Bain, ZS Associates, Goldman Sachs, Credit Suisse, and Deloitte Consulting. All of these transferred to great universities (target/semi target schools).
Do not be discouraged by the fact that you went to JC. Be proud of it and embrace it, work hard and network, and you should be fine. Make sure you transfer to a pretty good school, as it will help out your opportunities. Let me know if you have any questions
I linked your message to him, he said he cant thank you enough for the encouragement. Thanks!
CC transfer here currently working at an MBB. Couple of things:
Don't shy away from talking about your non-traditional path. Worst mistake I see new transfers make is to try and make their resumes blend in with those of continuing students (not putting CC on their resume, "forgetting" to attach their CC transcripts, "blending" their GPAs). You won't really succeed, and you're giving up on a pretty cool differentiator. Tell your story. It makes you stand out.
You probably won't get a summer internship in consulting, and that's cool. I didn't. I went to a big tech company for a summer, and as soon as I got in the door I actively sought out opportunities that would hone my skills in consulting-type roles that an MBB firm might find attractive.
So yes! There's absolutely "luck" for transfer students; but like so many other things in life, you have to work hard on making it for yourself. :)
I'm at a CC right now about to transfer after the summer. I still don't have an internship now. Just a marketing assistant position at a small-ish e-Commerce travel company. I'm actively applying and networking but is it too late now? Would I be better off taking summer classes at my upcoming 4-year to get ahead on school work?
How do Alumni View Transfers? (Originally Posted: 02/10/2018)
................................................................................................................
Just dont tell them
If it's a hard school to transfer to, it's viewed favorably (at worst neutral).
If it's one of the easier top schools to transfer to, it's viewed relatively worse. (at best neutral)
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Just don’t tell them? And if you get shit, remember it when alumni call you in the future.
It’s just a school. Annoying who gets butthurt about the nuances of your degree isn’t someone you want to talk with.
Now you'll have two different alumni bases to work with
Transferring for Investment Banking (Originally Posted: 02/04/2016)
I'm currently in the process of applying to transfer from one school to another in the hopes of finding better OCR for investment banking. I think that my essays are fairly competitive thus far, but I would love to hear some feedback from people with experience in the field. Anyone interested?
You would like to hear feedback for your essays? This isn't College Confidential.
Not sure what you're asking here. Are you asking whether transferring will help you get into IBD? That will depend on where you are trying to transfer to.
Hey, I've transferred to the target school after my sophomore year for exact same reasons. It worked really well for me as I've received a SA offer at one of my top choices in early November.
http://www.wallstreetoasis.com/blog/the-comprehensive-list-of-transfer-…
Here's a great list of transfer friendly schools, use it. Good luck!
If you attended a well known school but transferred should you hide it or list it? (Originally Posted: 01/22/2012)
I attended a top 5 engineering school, did well at the school and transferred out a long time ago. Should I list it on my resume or hide it? Would it potentially help with getting interviews?
How long ago did you transfer out?
Did you transfer to a better school that has better rankings or something? If you did, its good to show the transition and dedication to be where you wanna be. (ie. Berkeley --> Harvard, Yale, Princeton) or maybe (Carnegie Mellon/UIUC --> Harvard, Yale, Princeton)
If you transition to a shittier school (ie. University of Phoenix and equivalents), its better you leave it out. Or you gotta have a good story during the interview of why you did that or you will have a hard time impressing your interviewers.
Remember, anything you put on your resume is fair game for them to tear you apart/ask questions about
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