<p>^That’s incredibly useful information. I will do everything I can to make sure my kids attend a NE prep school. Coming from a regular middle class background, I was not even aware of the prep school advantage. </p>
<p>I’m just curious, how do they determine intellectual capacity of 13-14 yr old applicants? SSAT?</p>
<p>In the context here, the prospective employers determine the intellectual capacity of people they may hire by reviewing their resumes, interviewing them on-campus at the Ivy league college they are graduating from, then, if they pass preliminary muster, subjecting them to a series of grueling intensive interviews with multiple bankers at the firm.</p>
<p>As for prior steps, I think there’s another forum on prep schools here at CC, you might ask your other questions there for more info. My kids (and I) applied to NYC privates, there was a real application, grades submitted, interviews, for younger kids they put them in a class and see how they interact with the others. And yes there were various entrance exams, SSAT ERB, Hunter and Saint Ann’s administered (different) IQ tests. Then they pick who they liked best, just like the colleges do. (OK, Hunter is different). As well, admissions to a good number of these schools is probably just as competitive as for college admissions. I imagine for the boarding schools it’s probably just the same if not moreso. And I believe a number of them offer financial aid, though I don’t know who they give it to.</p>
<p>hmom5 is right. People who haven’t attended HYPW, Stanford, Dartmouth, Columbia, Duke, Williams, and Amherst always seem to underestimate these schools’ ability at placing undergrads into elite investment banks on wall street. Three years ago, many people with 3.4 gpa’s were getting offers from JPM, UBS, etc.</p>
<p>I know this thread is old, but I just had a question.</p>
<p>What is the opinion on transferring from one 4 year to a higher tier four year?</p>
<p>IE: I will be going to a top 35 university next year and was wondering that if I transferred to a target school, would that put me at a disadvantage?</p>
<p>It won’t hurt you if your GPA is high enough to transfer to a target.</p>
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<p>What if someone transferred to one of those handful of schools and scratched their way into the top 10%? (Which I realize is a big “if” but for argument’s sake…) </p>
<p>Surely it couldn’t be that big a deal that they transferred.</p>
<p>Take two students at a top feeder to Wall Street, say Dartmouth or Stanford: student #1 spent four years there and is among the top 10% of his/her class; student #2 transferred there from CC, his/her grades were recalculated after the transfer and he/she managed to graduate in the top 10% of his/her class. All else being equal, the banks are going to take student #1 with no doubt.</p>
<p>Would a Dartmouth transfer, at the very least, get an edge over similarly qualified kids from U-Mich or Stern? I mean the transfer acceptance rates at a lot of these top schools are even lower than their freshman acceptance rates. That must be worth something.</p>
<p>One of the most common misunderstanding is that the name of the school is what secures the offer. That’s not true. The name of the school secures interviews. A 3.8+ at Stanford, Dartmouth, Columbia, etc. transfer or not, would get you an interview at most firms. After given an interview, it is up to the candidate to show signs of intelligence (or not show signs of ignorance) at the interview to secure an offer.</p>
<p>Obviously, obviously. A foot in the door’s all I’m asking for/expecting in transferring.</p>
<p>“One of the most common misunderstanding is that the name of the school is what secures the offer. That’s not true. The name of the school secures interviews. A 3.8+ at Stanford, Dartmouth, Columbia, etc. transfer or not, would get you an interview at most firms. After given an interview, it is up to the candidate to show signs of intelligence (or not show signs of ignorance) at the interview to secure an offer.”</p>
<p>So basically what your saying is that your contradicting yourself? Because in the post before you state that the company will always take the kid who didn’t transfer, yet in this post you say transfer or not the school will get you the interview and then after that it’s up to the candidate. </p>
<p>If your transferring to Stanford…one of the hardest schools to get into period…I find it hard to believe that a recruiter is going to hold against you that you were able to get into a school with a transfer admissions rate lower than the general acceptance rate, oh yea and its Stanford. Its not like Stanford just goes around picking up bums off the street.</p>
<p>This thread has made investment banking a turn off for me. Is this career that elitist that they care about the brand. What if the person couldn’t afford to go to a top school. So this basically means that the rich will get richer and the poor will stay poor. I’m still a Junior in HS and my top choice is Stanford and Baruch. But I’m leaning towards the latter because its cheaper for me and I don’t want to graduate with 100k+ of debt. So If I get over a 3.5 in a non elite school it still won’t matter?</p>
<p>I was a transfer from a non-target to a target and received an offer at a BB front office. Looking at my current school, I would say that an overly disproportionate number of BB FO positions went to transfers (rather than students that started there as freshman).</p>
<p>It comes down to this - work your butt off if you transfer, it’s really a second chance and it really does not matter that you transferred. In fact, I have noticed that most transfer students have better resumes than non-transfers since they need the additional extra curricular activities and work experience to be competitive transfer applicants in the first place. As a result, oftentimes transfer students are naturally more motivated than non-transfers and thus get many of the top job offers.</p>
<p>toxic93 - it’s “possible” to get into ib from Baruch, but A LOT harder compared to Stanford.
a lot of jobs are like this. Would you also expect to go to Mississippi Valley State University and expect to get into Google? or Stanford Med? or Harvard JD?
Clearly it is “possible” as well, but it’s going to be a lot harder than if you just went to a top school in the first place.</p>