Transfer students are disloyal. Thoughts?
Removed for now, will update later if my impression of the kid changes.
Trending Content - Investment Banking Forum
| +415 | Evercore Intern Seizure | 63 | 5h |
| +128 | UBS IB Americas has failed, now behind Santander and Stiffel | 34 | 11h |
| +97 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 34 | 2h |
| +79 | deleted deleted deleted deleted deleted | 44 | 15h |
| +65 | How do I understand vs. just memorizing? | 11 | 1d |
| +57 | Some banks are overrated as fuck | 17 | 1h |
| +48 | Associate & Above IB exits | 18 | 1d |
| +47 | The good and bad with Wells Fargo | 17 | 54m |
| +42 | Tech to IB Pivot | 22 | 5h |
| +36 | Incoming IB Analyst: Best Ways to Prepare? | 13 | 23h |
Career Resources
This is the dumbest thing I have read today. Loyalty to your university? A major goal of college is to get a job and if another uni gives you a better shot, then transfer (if other factors don't outweigh job prospects). If he didn't transfer to your alma mater, would you have talked to him? Damned if he stays in his non-target and now, I guess, damned if he transfers to a target.
Check your reading comprehension. This kid put in a lot of time and effort to transfer from 1 non-target to another non-target.
My bad. The principle is the exact same. Your argument of loyalty is asinine.
The kid could have been miserable at his old school. Maybe yours is a better fit, maybe he made a mistake in selecting his first school, maybe yours has a certain program he likes, maybe yours is in a different geography, etc.
There are many valid reasons to transfer, not all of which will be related to recruiting. I don't think students really owe any loyalty to their schools either.
TL;DR: People transfer for tons of reasons so just see what he has to say (as you said you plan to do)
Dude, he’s asking for a coffee chat why are you talking about loyalty...it’s not that serious. Plus you work in finance - if you have legitimate loyalty to any institution, you’re probably doing yourself a disservice
Who the fuck would have loyalty to a university that will happily fuck them in the ass with student loans? And what, you're mad at this kid for transferring schools so that he could have better career prospects in the future?
Both schools are non-targets, if anything my school is relatively worse.
Regardless, no one should be expected to have loyalty to a school. Just as you shouldn't be expected to have loyalty to the same bank your whole career
Pull the massive iron rod from your ass and give him a chance
out of SBs but yes holy shit
Also out of SB's but would definitely upvote. It's not that deep OP... you work in finance lmao
Sometimes this non-target hardo mentality is worse than the target elitism.
This guy is an asshole and I hope he gets a reality check when he reads the comments. I disagree with your statement though.
Non target hardo mentality is about being utterly obsessed with banking and going above and beyond to avoid being dinged. It has no effect on anyone and is necessary in order to break in. Target elitism is ruining prospects chance because he went to a state school and taking pride in being an asshole for the sake of gate keeping.
This is true tbh. Due to my non-target background, I do go above and beyond, and make an effort to be considerably more polished than the average banker.
But both schools are non-targets. Transferring schools is a lot of work, so it makes me question his decision making skills and research abilities. Why transfer here?
Fair point. My point was more-so about OP being the hardo in this situation, not the kid. He probably gets a disproportionate amount of kids trying to network being one of the relatively few alum in the field, and he's almost power tripping with it by reading way too much into this kid to find a reason to not help since there's probably plenty more reaching out to him at the same time. I expected this type of gatekeeping against transfers from a target if anything for not having the full four year experience at a school.
This is so weird. If he transferred OUT of your university I would understand you being hesitant but he transferred IN so, in my mind, he was willing to put in the effort to transfer for an opportunity to attend your alma mater and you think this a bad thing why? because his grades and ECs were too good from his old university??
Both schools are non-targets. It makes me question his decision making skills and research abilities.
LOL givem a break, maybe your non-target was 5 spots higher on usnwr than his old non-target. He's just trying his best
Maybe some people don't factor in when WSO considers one school to be higher on the non-target school rankings for IB. Maybe he wanted to be closer to home, or he got a more affordable deal worked out with financial aid, or his life fucking sucked at his old school. The fact that you think he's dumb/disloyal/whatever for transferring from one non-target to another because it's slightly worse of a school is absolutely asinine. You are everything that is wrong with the finance world.
Thanks for this perspective. I hope I can grow as a person, maybe I am too snobby.
I did leave some things out: the sport he plays is a wealthy one, his networking email did no homework, it was a blank copy/paste, and he did not say thank you to any of my email replies. All these things have contributed to me not liking this kid, especially with him not saying thank you after I scheduled a time for us to chat.
Also, I'm just considering whether it's worth it or not to stick my neck out for this kid, as if I'm a non-target sticking my neck out as an alumni, and this kid from my school chooses to be disloyal again and switch up/renege offers, it could ruin my ability to refer more candidates to my firm in the future.
Was it rowing or something like squash?
People transfer for all sorts of reasons. I know I seriously considered it. At start of your chat ask him point blank “tell me about yourself, how did you end up at xyz?” He should have a good answer because typically you have to write an essay about why you want to transfer. If it’s a non target to another non target and he’s a finance major it was probably because of:
1. money
2. not fitting in with the student body or wanting a bigger/smaller/more urban/rural school (I know you can say do your research but you can change a ton over the 12 - 18 months from when you apply to transfer deadlines and admissions officers tend to stretch the truth)
3. Wanting to be near family or friends
Wouldn’t stress it too much. (I’m assuming your Alma Mater is something decent and he didn’t transfer from Saint Cloud State to Bemidji state but rather something like Iowa State to Wisconsin or Carleton to Grinnell. I’ve seen people “transfer down” from Georgetown to non target state schools and BC to Kelley.
This was informative, thanks.
As a transfer myself, I may be able to offer some insight. My situation is a little different in that I transferred to a target school, but I had legitimate, non-career reasons for doing so as well. Here is my perspective nevertheless:
Your concern about his loyalty is not entirely unfounded. As an applicant myself, I have wondered whether people will question my loyalty. To be frank, I intend to recruit again for FT or lateral on the job unless I love my internship. (I feel like this is a fairly common sentiment among those who did not land their ideal internship though). On the other hand, believe it or not, I was effectively given an opportunity this spring to transfer again to a "super-target" due to some unique circumstances. Although part of me did strongly consider it, I ultimately remained loyal to my current institution. Additionally, I am also extremely opposed to reneging and turned down two earlier internship offers as a result.
All of that said, if he transferred from one non-target to another, I'm not sure why you would be worried that he will "trade up" again if the opportunity presents itself. It was most likely due to fit reasons, not prestige/employment opportunities. It's definitely fair to ask him why he transferred, so pay attention to his answer. In any case, I feel like investment banking is not an industry that is exactly known for its loyalty considering the extreme amount of turnover throughout.
Can't wait to read a post explaining how a banking team eliminated one candidate from the selection for having switched colleges.
My opinion of this post is FUHNANCE HARDO!!!!
OP, you are the reason people think bankers are stiffs.
Lighten the fuck up. If he’s not come across well in his emails with you like you suggest, then of course don’t stick your neck out for him. But to suggest you should have loyalty to a university, an institution which you pay (sometimes) hundreds of thousands of dollars to attend purely to get best possible job afterwards, is inane.
Dolore est iusto illum quam optio voluptatem dignissimos. Voluptates beatae facilis est aliquam sit reiciendis. Ut eius nemo perferendis iusto blanditiis nobis. Placeat sed sit ea.
Quis soluta nesciunt voluptas asperiores dolor nobis corrupti. Sunt sapiente est quas qui et voluptatum. Distinctio sint iure aut veniam eveniet omnis quo.
Non beatae exercitationem pariatur hic. Qui animi eligendi dolorem iure. Officiis quasi omnis est quia saepe. Sed odio voluptas hic est excepturi. Magnam quasi voluptatem et sunt.
Ab aut quaerat magni architecto. Odit placeat occaecati voluptate labore vel iusto. Adipisci aliquid vero exercitationem quasi magni excepturi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Est odio temporibus sapiente accusamus maiores dolores eum voluptas. Labore iure aut exercitationem in quibusdam. Aut sit sed commodi aut eveniet explicabo ipsa. Nisi sed fugiat omnis praesentium aut. Consequatur modi sunt omnis ad veniam et harum.
Nesciunt aut maiores et dolore officiis omnis. Placeat commodi rerum molestiae est dolore dolores. Reprehenderit velit ipsum in incidunt ea. Ipsam impedit quae neque culpa vitae voluptas et.