Transferring to a better non-target from another non-target
Hello, I am currently a pre-med major going into my 3rd year with a 3.99 GPA, leadership positions with student activity boards, and healthcare research experience (internship). I am changing my major to finance with minors in cs and healthcare so that I can go into ib, consult, or healthcare ib/consult. The only issue is that my business school that I go to barely cuts the top 100 list. So I applied and got into a better business school at the top public school in my state for this fall. (OSU) I know that this school is most definitely not a target, but it does place students into higher finance positions. So my question here is would it be worth transferring, networking my ass off at a better non-target or keep the connections/ leadership positions I have at my current school and work on trying to crack into ib positions through that?
Transferring to OSU doesn’t seem worth it
Time effort etc it takes could be better spent tackling the grind of breaking in, in absolute terms. Additionally, the relative difference of your schools for the effort put in is extremely low ROI vs actually prepping , networking , etc which is basically several several multiples of value on any metric vs transferring.But it also depends how roundabout your path is and want it to be. If you want to break into finance in 5 years or post MBA it becomes a slightly different thing
Especially bc you’re leaving as a Junior, OSU will have the investment clubs etc but the leadership positions will be taken and you might not even get into the clubs. Take what you have and try to get into the finance / consulting you want from here
Thank you for the response. So, you would say it is better that I stay at my current school (60 ranks below OSU, but still both non-targets) and foster my connections there? I know my stats are pretty good, do you think it also might be worth not doing a semester and then applying to Cornell, Northwestern, etc.?
The way it would work at OSU would be that you would be competitive / would be in a better position only if you are in the right clubs, able to make the rihht connections s, etc. It's extremely hard if you're transferring in after everyone's basically done or in the middle of recruiting .If yourewilling to pay the tuition sure transfer to those other schools and include some of the cali schools, Michigan, Michigan ross, nyu, stern etc.To be honest, I'd assume you can get a good IB job around the area. Focus on regional and LMM IB's and then try lateraling after 3 months-1 year while the market is still hot.To sum it up, try networking at any firm that's hiring including top firms with your technicals and behavioral down, but make sure you try really hard for the stuff that's more local or boutique-y especially if you can get something in NYC. Then lateral.
Oh and just so I’m 100% clear I’m not gonna be the guy who tells you that you can’t get a certain position. They are all for the taking, it’s just a question of perceived effort and ROI and competitiveness. I absolutely think you can be ‘guaranteed’ a spot at a less competitive firm in the short term (because you’re recruiting late) and focus on lateraling as an almost sure fite way of breaking into a good firm vs. expecting to get something good from the get go if most places have already started interviewing and stuff but.
Thank you again, for your response. Just for clarification, you think I can get a good local IB job then lateral if I stay with my current university (Cincinnati) or if I transfer to a top school (Mich, Cornell, Cali)?
The former. If you transfer and spend the money, I'd say it's only worth it if you're going for really ultra competitive spots to begin with but like I mentioned transferring isn't too valuable because you will be spending a lot of effort and headspace/time adjusting and trying to make a foothold on campus (joining investment clubs etc). I absolutely believe in your ability to get a good gig. I've helped a few people in odd situations in the past and the only thing that has stayed true is everyone who had stuck the course has been rewarded. You seem competent so I'll give you a few examples.1) competent and struck out recruiting ending up at no name bank (but one of those international banks that suck for IB in us, much worse than Mizuho hsbc etc) and just accepted it2) competent struck out initially accepted no name (but still solid boutique for deals although no ones ever heard of it and it was a mismanaged sweatshop and underpaid) reneged for something better3) competent struck out accepted a hyper local boutique think random city random bank, ended up doing Masters, going to another no name, lateraling to a BB4) competent; struck out and landed a hyper local bank, ended up lateraling to a EB5) competent, was in a LMM that people have probably heard of but talk down on this website, lateraled to EBYou have many many paths don't sweat it, just look to MATERIALIZE things. Eg look for an offer in hand, not a specific offer, then have the option to renege lateral whatever you want later for example vs only shooting for certain places. Good luck!
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