Transferring to Arizona State as a Junior

I am considering transferring from a Canadian University to Arizona State for my junior year and I was hoping to get some insight into the finance program at W.P Carey compared to staying in Canada at a semi target, not Queens/Ivey. I know Carey is ranked 22 in the US, and I just wanted to know how accurate that is as sometimes schools inflate their rankings and while I'm not targeting IB at a BB, I was hoping for a decent role in one of the major financial cities. Obviously ASU is a non-target and at the end of the day, it's up to me to make the most of my experience but I appreciate any insight.

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Comments (12)

  • Prospect in IB - Gen
Apr 28, 2021 - 8:01pm

I go to a school of similar caliber and I would advise you don't do this. Especially as a junior when networking ops are more limited, I would just stay where you are at now.

Apr 28, 2021 - 8:18pm

Not sure where you're seeing that WP Carey is #22 in the US. Maybe among undergraduate business programs specifically?

I used to work for a financial services company that hires a lot of WP Carey grads for $40-45k to take phone calls. If you just want to land "a job," it's completely fine and I'm sure you could land an FP&A gig with good grades, but IB would be a real stretch.

  • Intern in IB-M&A
Apr 28, 2021 - 8:21pm

He probably can't just land a job. If he is from Canada then he'll need sponsorship, which in Finance means getting a shot at one of the few top firms that sponsor. So, yeah, I wouldn't recommend transferring because you'll have to pay a good chunk of money for no ROI.

Apr 28, 2021 - 10:31pm

I'm a U.S citizen, so a big reason why I'm transferring is to get greater exposure to the US job market as the finance market in Canada is mainly Toronto, which is over saturated. I have a strategy internship at a F500 company this summer, and have interned at EY's tax team so my network is pretty developed. I feel like I will always have that network in Canada due to spending two years in Canada but transferring might give me more exposure in the US

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  • Intern in HF - Other
Apr 29, 2021 - 12:00am

Everyone looks down at ASU and most don't know what they're talking about. Achieving FO finance out of their isn't easy by any means but it's not impossible. For a non target school it has pretty much everything in place for you to succeed you just have to seek everything out yourself (career services is worthless). 

Out of ASU I was able to work at a boutique IB during the school year, intern at a MM bank as a sophomore, BB as a Junior, and landed on the buyside at a SM HF. My GPA wasn't particularly good (3.3-3.4) and I'm a White/Asian male so I didn't get into the industry through any diversity programs. 

At the BB I worked at we had 9 kids in IB summer analyst roles my junior year alone and 5 accepted FT offers (I turned mine down and so did my friend). Overall we probably had around 30 kids doing IB summer internships my junior year. 

You'll have the opportunity to work at 5-7 boutique banks during the school year to get some experience that have pipelines into banks (1-2 have great pipelines and the others are more hit or miss). 

KPMG's Phoenix office is a 10 minute walk from campus and they hire a ton of ASU grads across the country and almost exclusively hire ASU grads for the Phoenix office. Know a handful of people working in NYC, Dallas, Chicago, and SF for them as well. EY and Deloitte also hire a good amount of ASU grads as well. PWC doesn't hire nearly as many as the other three firms do but I know about half a dozen people that work there from my time on campus. 

A handful of kids were able to land buyside gigs out of ASU as well. I know about a dozen people who landed REPE out of UG, half a dozen in PE, half a dozen in AM, and then 4-5 (not including myself that landed at HF's). 

If you wanted to do consulting I know a few people that ended up at McKinsey, but most of the hiring for consulting out of ASU is at the Big 4. 

The biggest issue you're going to face is that most summer analyst roles in IB have already been filled or are already actively recruiting so you're going to be behind everyone else. Seeing as you're transferring in as a Junior and behind in recruiting you're not exactly coming to ASU from a position of strength, which should be weighed as well in your decision. 

At the end of the day do what's best for you. Going to ASU is not the kiss of death like many on this site would make you believe. If you transfer just know that you're behind in the game recruiting and adjust accordingly. 

Should also add that going to a semi target doesn't guarantee you'll land a FO gig. All of my friends that went to USC (8 people total) are mostly working in BO jobs at MM banks, one is working as a recruiter, one is answering phones at State Farm/Liberty Mutual, and only 1 was able to break into Consulting but in a tier 2 city (struck out recruiting for NYC). 6/8 of them had better GPA's than me and my friends at lowly ASU but we ran circles around them when we actually got the chance to interview/intern. 

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