Is the out of state tuition really worth it?
Hey guys, I've been lurking here for awhile now. It's finally time for me to make a big decision, and while there are a million other threads here very similar to my situation, I couldn't find one that was exactly like mine.
To make a long story short, I'm a student currently attending a community college in Arizona. It's almost time for me to transfer to a university, and I'm having a tough time figuring out what I should do. My ultimate goal is to attain a job in IB.
Obviously my in-state schools are the University of Arizona and Arizona State; both of which are pretty bad options for IB according to what I've read on here.
I was looking over that comprehensive list of transfer schools that someone made on here a couple years ago, and there's really only three schools on that list that both interest me personally and would be realistic for me given my current stats:
USC
UW-Madison
SMU
Obviously these schools are in three different regions and are vastly different in many ways.
I guess the dilemma I'm having is whether any of these schools would even be worth paying out of state tuition for, since they're more regional semi-targets than anything. Or would I just be better off saving money and joining an Investment Banking club at one of my in-state schools, and then networking my ass off?
Also, as a bit of an off topic question, obviously a school like SMU would have almost complete Energy recruiting and not much else. I've read on here that starting out in Energy can pigeonhole you into that industry. I was just wondering how accurate this actually is.
Would starting off in Energy basically obliterate any chances of exiting into another industry after finishing an IB stint?
Could getting an MBA help out with this at all?
These are just general questions that I had been curious about.
Anyway, I'm just looking to hear some opinions.. nothing more, nothing less.
Thanks guys.
I can't provide much insight on USC or Wisconsin, but from what I know about SMU, this is going to be a very expensive option unless you get some sort of scholarship or aid. It's known to be a school for rich Dallas kids who are going to jobs based on their daddy's connections.
As for energy, you are right about getting pigeonholed. I started in the energy industry and have a ton of friends in energy still. I transitioned away after bschool and never looked back, so yes you can definitely transition away from it.
Yeah from what I can tell SMU and USC are about the same as far as cost goes since both are private schools. However I would guess that the cost of living in CA would be significantly more than TX, so USC may actually be the most expensive option overall. I would only go to either of them if I received some sort of financial aide.
As far as your experience starting in Energy, how difficult was it for you to transition away from it after bschool? Was it fairly easy or did you have to get lucky?
It wasn't that bad honestly. A lot of career and industry switchers in bschool so it's not unheard of.
USC is the only of those three options worth considering for IB
Did you go to college out of state and did you regret it or enjoy it? (Originally Posted: 12/03/2016)
I went to college in Oregon and although I really enjoyed the hiking, camping and bouldering, I kind of regret leaving my home state as I had to contend with some really far left views.
Why is this? Serious question. I've read a lot of good things about Wisconsin and their ability to place into Chicago with some top kids making it to NYC. Then again, many of those threads are a few years old.
As for SMU, from what I've gathered Texas IB recruiters focus heavily on their own in-state talent which makes basically any of the top Texas schools targets for Energy banking in Houston.
Has any of the above information changed recently? Again, not being sarcastic. I'm genuinely curious.
it's not impossible out of UWM/SMU but odds are pretty slim. You'll have a real chance out of USC, especially in/around LA
Getting out of your comfort zone is great. You get to learn about ideas different that your own, meet different people and see new places. You need to learn about whats out there and how other people see the world even if you don't like it- it will be very helpful when dealing with people in your personal life and career. Watch the relavant video below
One thing about living of state that can be tough is that it can screw you over if your school has no name recognition or you're trying to get an internship, also in getting a full time job. The hiring companies desire for interns may not match up with your schools schedule and often career centers only have jobs in the school state. Also, at the end if you decide to apply to those jobs while you are not presently in that state they may treat you as out of state/disregard your application.
To answer your question it was a little of both for me.
Going to school out of state is great, because obviously it forces you to become a grownup a lot faster. You want to take responsibility for everything because you have to or you do it to make sure that you don't ever start to slip.
The above poster makes a good point though about finding jobs. If your school doesn't have strong name recognition that can be difficult when out of state, since getting a job might be a bit tougher leaving you without a way to support yourself.
But it's a great experience since it's during a time when you're young and have a tremendous amount of freedom to explore a new place that you might not otherwise get the chance to do.
I think it's been the best decision I ever made. Where I grew up, 90% of the people stay, go to college, get their job, and place their roots there. Me, and all of my siblings, decided to leave, and I can say quite confidently that we all grew much faster and reached more of our aspirations because of it. It's always good to have your views challenged and to be immersed in a different community. It's healthy and makes you find your own values much quicker. If I had stayed behind, I have no doubt that I would be 5 steps behind professionally and personally. I'll never forget how terrifying that first week or two of freshman year was though, before I had found my place.
To what extent can you go on a semester-long exchange somewhere else? This could be a good idea if you believe doing your entire undegrad elsewhere undermines your chances in your target location.
I am interested in this as well, most people in the business world have told me to go somewhere different for university and change things up in life. I am want to change things up more and more as I come closer to leaving school, I think like what the other posters have said is that it forces you to grow up quicker and take more responsibility in life, which I guess transfers to your professional career
It also introduces you to so many different ideologies. I'm from Los Angeles so I had interests that were typical to the area (tennis, lifting, camping, as well as Republican ideas about taxes) and I went to a super liberal college, where students were so different. It's helped me in business, to be sure.
Wisconsin or USC. Wisconsin places a shocking number of kids on the street. No idea about SMU.
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