I'm starting to eye down schools to transfer to that will give me a good shot at banking. I'm currently a Freshman and while it's too early to say, I think I have a good shot at transferring into UNC-CH. Junior year transfers have an average GPA @ around 3.66 and 75% on the SAT is 1200ish. I would go for Economics and minor in CS, I can try to get into the Kenan-Flager school but it's VERY difficult.
My goal is to just get any IB gig in NC, is UNC considered a "target" for banks in NC? I know in NC there is BAML, WF and then plenty of middle-markets such as Jeffries, Lazard,, BB&T, etc. I've reached out to alumni at UNC and they all regard UNC as a target school, they sent some students to NYC GS and JPM.
If I delay graduation to get a second shot at recruiting (maybe I need it as a Junior transfer since recruiting starts early), pursue Economics and network can I still have a solid shot?
Thanks.
I'm sorry but I have to completely disagree with you. Any school will say that they will send students to NY IB at
Im sorry but I have to disagree with you. I'm from NC and the statistics clearly point that UNC isn't a target. It's a target for a NC Banking in Charlotte, but the only school from NC with decent placement in NYC IB at a BB is Duke. I'm sorry but that's the truth. Duke and Vandy (Tennessee) are among the few southern elites which have some type of reputation among NYC IB at a BB. UNC, Wake, Emory, UGA don't come anywhere near Duke or Vandy because those schools are more regionally dominant for IB. UNC, Wake, and Davidson are your best bet for Charlotte Bsnking but your chances are astrokomica"@
Always nice to get inputs from a high school senior
Am I wrong tho?
If you get into the busienss school it's a target if you just do Econ it's not
I'm sorry but it's not a target for NYC. For Charlotte? Yea definitely. But not for NY
I'll take advice from you once you graduate high school. How about that?
What about for banking in NC? Do I still have a chance as an Econ major?
UNC sends 2 every year to Goldman. That's it. And the spots are likely to be taken by diversity students. I know this because I transferred out from UNC-CH my freshman year and went to another semi-target in the mid-west. I just landed an internship in a mid-tier BB, but some of my friends at UNC-CH are still recruiting.
UNC is a great school and it's target for BB likes Credit Suisse, Morgan Stanley, and maybe Barclays. Wells Fargo for sure. It's definitely target for boutiques like Guggenheim, Jefferies and SunTrust. I don't think being Econ would hurt your chances, as long as you make it to every info session and network like an angel. I'm an Econ student after I transferred but still landed an internship.
My advice is don't wait to transfer in your junior year. Recruiting has been accelerated now. If you want to transfer, transfer in your sophomore year so that you have plenty of time networking and going to info sessions.
Hope this helps.
What if I just wanted banking in NC? I'm going to apply as a Sophomore and try but it's really difficult since they look at your high-school GPA.
Would delayin graduating be an option? Thanks a lot.
Edit: Actually, thank you so much for pointing this out. I'm just going to write a killer essay and maintain my 4.0. I'm joining some clubs soon which should help. Definitely going to look to transfer early. Thanks a ton!
Anyone?
You should retake the SATs and aim for better schools than UNC
Thanks
1) Are you in-state? I got waitlisted, and eventually rejected, from UNC as a 4.0 junior out-of-state transfer.
2) HappyPistachios is 100% correct on transferring as a sophomore. I am swimming upstream like a mofo in recruiting at a comparable school right now.
Am not. Sorry to hear that. I'm just going to have to write a stellar essay to have a shot.
Okay, there's a lot of wrong information on this thread and in general about UNC IB recruiting on wso, so I made a throwaway to give you a more accurate breakdown. As for some background on myself, I am a UNC Kenan-Flagler alum and currently work in IB in NYC. That's as much as I'm saying without losing my anonymity.
The best way to describe UNC, is a target for Charlotte/ATL IB and semi-target for NYC IB. The larger IBs that recruit on campus (I know because I went to the info sessions/interviews) are GS, MS, JPM, BAML (for NYC and Charlotte), UBS, Barclays, Citi (sorta), Lazard (sorta), Wells, Jefferies, Piper, SunTrust, Guggenheim (sorta), HW, Deloitte corporate finance (former McColl Partners), and several others such as Cain Brothers, KBW etc. Can't think of everything off the top of my head but there's other firms that have structured recruiting processes for UNC even if they don't visit campus (Baird for example).
So, yes if you want to go into IB you have a good amount of options albeit not on a Wharton-level. One of the Co-Heads of M&A at GS is a UNC alum and he comes down for info sessions/recruiting as do other senior bankers/vice chairmen at other large IBs. GS/MS/JP consistently get 3-5 kids from UNC every summer. BAML is usually at least 5 and around 3-5 for UBS. Wells is around 5 each year as well. Jefferies ends up taking 3+ every year with most of them in Charlotte, but 1-2 usually end up in NYC. You also have to remember there's a select few who will end up at other EBs, top boutiques, smaller "no-name" MM boutiques, etc. every year. The overall numbers are pretty solid considering how many people are seriously doing IB. A chunk of those you'll see during info sessions end up going the consulting route which I don't have too much familiarity with but we do well in that area as well.
That being said, you are at a SEVERE disadvantage if you are not in the business school. Unless you have a 3.6/3.7+ as a non-business major, the first impression will be that you did not get into the b school (especially if you're an Econ major which I hear is really tough). At the end of the day if you want to be in NYC and only NYC, UNC may not be your best bet unless you're confident you can compete with the other top students which honestly you'll have to do anywhere that does well in NYC IB (Ivies/Ross/Stern/UVA etc.). From the UNC recruiting process at my firm most recently, we consistently cut resumes out despite having 3.8+ GPAs and prior IB experience (although we also placed an emphasis on networking and fit). For whoever said all the NYC spots are taken up by diversity students, that's a load of horseshit and not true in the slightest. We have diversity candidates just as all other schools that have OCR do... As for the comparisons to other schools, yeah we are behind your typical northeast elite schools (obviously). UNC isn't Wharton or Harvard and no one is claiming that. When compared to Duke (yuck), what you'll see is a more diverse set of banks recruiting there (more EBs recruit) and more of an NYC focus for sure, but a chunk of them end up in Charlotte as well (I grew up in NC, have lots of friends at Duke so I've heard from them). No expert on Duke, but if I had to guess that NYC focus comes from the large 80%+ of Duke's student body being out-of-state (duh) and a large portion of that being from the northeast (NY/NJ/CT/MA/PA etc). In terms of total numbers at firms like GS/MS/JPM, I do believe we beat out Duke. Not to knock on them or anything, but UNC is a bigger school so we just happen to be able to get more spots opened for us. Comparing our IB placement to Wake, Vandy, or UGA is ridiculous. Great schools, but not many kids going into IB anywhere from them.
Hope this gives you a better picture. Typed this up pretty quickly without proofreading so let me know if there's anything that needs clarification.
The transfer rate for KF is 50% I can only imagine what it really is for out-of-state transfer. If Econ is going to put me at a severe disadvantage then I don't think going will be worth it at all. I should just apply to schools where I either get in the business school or I don't. I mean I would prefer to work in Charlotte.
I'm not entirely sure how transferring into KF works, but it is definitely not dependent on in state vs. out of state. A significant portion of KF is out of state (much more so than the school as a whole). Since you're a freshman, you could transfer in next year and apply with all of the other sophomores to get into KF for your junior year (which is what is normal). Think you'd stand a solid chance if you have a good GPA, got involved wherever you transferred from, etc etc. If you don't get in then, you do have the option of applying as a junior but for IB purposes that'll cause some issues.
What I meant to say is that if you do Econ and have a lower GPA (sub 3.5) it'll be assumed you weren't able to get into the business school. If you have like a 3.7+ as an Econ major, that's honestly much more impressive than a 3.5 from KF. Econ major is quite difficult from what I hear so that's a judgement call you have to make.
If you want to be in Charlotte though, UNC/UVa/Duke are your best bet. UVa on a numbers basis definitely puts more kids into IB than UNC or Duke, so it might be worth taking a look at . Not sure how their undergrad business/commerce program or whatever works though.
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lol
Undergraduate University of North Carolina - Chapel Hill (Economics) (Originally Posted: 09/19/2017)
I'm starting to eye down schools to transfer to that will give me a good shot at banking. I'm currently a Freshman and while it's too early to say, I think I have a good shot at transferring into UNC-CH. Junior year transfers have an average GPA @ around 3.66 and 75% on the SAT is 1200ish. I would go for Economics and minor in CS, I can try to get into the Kenan-Flager school but it's VERY difficult.
My goal is to just get any IB gig in NC, is UNC considered a "target" for banks in NC? I know in NC there is BAML, WF and then plenty of middle-markets such as Jeffries, Lazard,, BB&T, etc. I've reached out to alumni at UNC and they all regard UNC as a target school, they sent some students to NYC GS and JPM.
If I delay graduation to get a second shot at recruiting (maybe I need it as a Junior transfer since recruiting starts early), pursue Economics and network can I still have a solid shot?
Thanks.
Hey!
I'm currently a Econ Major at UNC Chapel Hill who transferred here as a Junior last year from Pepperdine University! I would say UNC is considered a semi-target school for the top IBs. However, they really only want KF students, and it's hard to get in as a transfer. I applied to KF with a 3.88 GPA and didn't get in. Another consideration is our econ degree is a Bachelor of Arts Degree, not science.
That sucks, sorry to hear that, you sound qualified with that GPA. I heard they give a very hard time to people looking to transfer into Kenan-Flager. If I just wanted banking in Charlotte would Econ not be good enough? It's not NYC or bust I'll take whatever I can get.
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