Thoughts on Transferring to Increase Odds of Breaking into IBD

I'm wondering about people's thoughts on transferring to increase the odds of getting a job in IBD. Is there a big difference between transferring after the first or second year of undergrad? Also, if the plan to transfer is solely based on a better chance of a job at a BB/EB/Top MM and has nothing to do with wanting to get out of your current school, then how do you know if you should transfer (i.e. how do you know your recruiting chances are so bad at your current school that you have to transfer for a shot at IBD)?

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I wouldn't say i'm an expert by any means, but basically if your school does not have OCR from any firms, it will be far more difficult for you to break into IB. Also, there are many success stories of people who have made it into IB from complete non-targets, it will just be far more difficult to do so.

In response to your question about when to transfer, the answer is almost certainly after freshman year. Due to the accelerated timelines for recruiting that keep getting pushed earlier, recruiting for SA positions begins at the end of Sophomore year and the summer going into Junior year (for Junior year summer positions). If you transfer in as a junior, you will basically not get any of the benefit from transferring as you will miss out on SA OCR. If you didnt already know, recruiting for FT is far harder than getting a return offer from a SA position.

(In case you were unaware SA = Summer Analyst, OCR = On campus recruiting)

 

M&I wrote an article about this, transferring after Sophomore year is practically useless for IB recruiting. After Freshman year is fine but that's still on the edge unless you're making a huge leap like stated above-- non target( no OCR, no alumni) to a target school with OCR

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I transferred schools to get into IB, and tbh, I am not sure if it was worth it. You have to ask yourself is ib really worth leaving the school you are used to. If you like the school, friends you have etc., then I would weigh out the positive and benefits, and carefully decide. If you don't like your school, do it. And if you do transfer, make sure to really kick ass and have a bulletproof story why you did because firms always ask me

 

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