<p>I am a current freshman direct admit to Kelley (IU) and am thinking of transfering. I currently have a 4.0 GPA (getting A's in all classes, 15 cr. this semseter, registered for 15 cr next semester), in the honors college and am in tons of extracurriculars. My question is should I transfer to Ross School of Business? I was looking at transfer requirements, and I have a very good chance at getting in (middle 50% is 3.3-3.8 GPA). I am OOS for both schools, but am getting 8k (merit) a year from IU, so IU is about $22,000 a year whereas Michigan is $45,000 a year (but I might get some financial aid next year). I can currently triple major at IU in Finance, Accounting, and Economic Counsulting, with a minor in Economics, whereas if I transferd to Michigan I would be lucky to graduate in four years with a major in Finance (what I want to do). Is it worth it? Would the fact that I graduated from Ross make a bigger impact than if I triple majored with honors and saved $20,000 a year at Kelley? </p>
<p>Thanks in advance,</p>
<p>Max Ellis</p>
<p>You should compare the companies that recruit at both schools and the starting salaries of their graduates. Unless you see a $20,000 difference in those salaries or a significantly more impressive list of companies that recruit, I'd stay at Kelley. This past year I talked to three transfer studetns who came to Kelley from Michigan, and they left there because they felt the environment was stifling and the opportunities to develop themselves professionally outside the classroom were not as strong. What is your real basis for wanting to transfer? If it's based solely on the rankings, I'm afraid you're taking a real myopic view. You'd also want to visit the Michigan campus and ask a LOT of questions before making such an expensive leap. If your parents have tons of money, maybe this isn't an issue at all. If it's debt you'll be taking on to do this transfer, you might want to consider staying where you are now.</p>
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Unless you see a $20,000 difference in those salaries
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<p>Well, it's really not as simple as a 20k difference. You'd want to subtract the NPV of IU's tuition (from this point forward) from the NPV of expected lifetime earnings coming from IU. You would also subtract the NPV of UMich's tuition from the NPV of expected lifetime earnings from UMich. Then compare the two figures. Of course, there is a lot of uncertainty in pinpointing expected lifetime earnings, so you might as well just compare starting salaries and you will easily recognize that it is not worth it to change schools.</p>
<p>If you do decide to transfer, it should be for personal reasons and not for value.</p>