Probations, Comebacks, etc.

<p>I am in between being a sophomore and junior at the school I currently attend, and am planning to transfer to a more prestigious school next fall. As it’s quite doubtful every class will transfer to the school I end up transferring to, I’ll probably remain somewhere between being a sophomore and junior next fall.</p>

<p>So I digress with my story:</p>

<p>I was decent in HS (lazy and could have done better) and had a VERY rough first semester at college. A week in, I was placed on a half-year probation for my involvement in an altercation with my then best friend… (tapes show my “involvement” was limited to yelling and creating tension, though I took a blow to the body and was also punched in the face without raising my finger… nevertheless, my record is what it is). A week later, I was caught drinking at a party and my probation was extended to one year.</p>

<p>All the while, my grades suffered. I posted a 1.92 Fall 2007 GPA and was placed on Academic Probation until I got my GPA above 2.</p>

<p>I guess something hit me as I descended closer and closer to being nothing but a sheer failure, and I got my act together.</p>

<p>I haven’t gotten anything but A’s since that sheer debacle of a half-year. As my school allows me to retake a maximum of three 100 or 200-level classes, I am retaking the two classes I got D’s in during my first semester right now, and am doing amazingly well this time around.</p>

<p>Thus, my cumulative GPA at the end of the semester will fall between 3.95 and 4.00 (depending on my final performance in my other classes). If my school indicates a level of difficulty, I attend a large state university that ranks in the top 50 public universities and top 100 national universities (barely on both).</p>

<p>I feel like I have decent college EC’s. I have about a year of work experience at one of the most renowned companies in the world, and have also advanced into a few leadership positions at my place of employment. I started my own Investment Banking club at school, and have been active in Community Service as well.</p>

<p>My high school GPA was 3.3-ish unweighted. I took several AP classes, and received two 5’s, four 4’s and three 3’s. I had decent EC’s in high school (President of my school’s Science Olympiad club, Vice-President of my school’s French Club, Treasurer of my school’s JSA club [I also won a best speaker award at a regional and national convention], and had some more Work and Community Service experience).</p>

<p>I scored a 2100 on my best SAT (680 V, 710 M, 710 W), and a 32 on my best ACT.</p>

<p>My desire to establish a career in Investment Banking (let go of the crisis here… I’ll only be done with school in a couple of years) is my biggest motivation for transferring. My honest opinion is that intelligence is nothing without an interview, and top firms recruit at the best schools. I am planning on applying to: Yale, Stanford, Wharton, Duke, Columbia, Northwestern, Dartmouth, NYU, Virginia, Berkeley and Texas.</p>

<p>So that’s the story (apologies for the WoT)… now on to my questions…</p>

<li>How should I address the question of “Why are you transferring?” I really want to transfer for the name-brand value of a prestigious school in the eyes of recruiters for the best financial services firms in the world (the ones that still exist at least), but this seems like a terrible thing to say. It’s like saying you want to work somewhere because you heard they pay well. What do I do?</li>
<li>How do I address my past? It will undoubtedly raise a concern in the eyes of admissions officials… I’m seriously considering hiring a PR firm specializing in crisis communications to write a statement for me (it’s what they’re good at). What are your opinions on this?</li>
<li>In your honest opinion, do I have a chance at any of these schools?</li>
</ol>

<p>Yale: Divine intervention required
Stanford: ibid
Wharton: High Reach
Duke: Reach
Columbia: Reach
Northwestern: Low Reach
Dartmouth: Reach
NYU: High Match
Virginia: Low Reach
Berkeley: Low Reach
Texas: High Match</p>

<p>Your reasoning is fine, but you need to make your essay about the school in such a way that does not reference its prestige. Talk about specific program elements, professors, and courses.</p>

<p>do the classes you didnt perform well in first semester show up on your transcript? i’m assuming so…in which case, just because those grades wont factor into your gpa, does NOT mean that colleges will disregard them</p>

<p>well i certainly empathize with your predicament and am sure you are being honest about the incident which led to your suspension…however, i’m sure admins. see applications all the time with individuals who have a disciplinary record and say that it was all a misunderstanding, they had nothing to do with it, the other guy started it, etc…i really think that puts you at a critical disadvantage</p>

<p>if i were you i would write my essay about how you had an “epiphany” after your first semester and make it real lovey dovey and stuff…if you write a great essay, then it may just be a crap shoot whether or not you get into some of those schools depending on how receptive the person reviewing your application is…some of those other schools however (yale, stanford, wharton, columbia) i think are just too far out of reach even if you succeeded in persuading the app. reviewer</p>

<p>good luck</p>

<p>At NYU, UVA, Berkeley and Texas, I am planning on applying to the Stern, McIntire, Haas and McCombs undergraduate schools of business.</p>

<p>Also, I was put on probation and not suspended.</p>

<p>It seems like an out, but - if you were in my situation - would you consider consulting with a PR specialist in crisis communications to effectively convey a sense remorse and to give an admissions official a sense of assurance that the my past transgressions don’t speak for my character? I’m certainly not planning on saying that I was misunderstood or that I was not responsible. Given my situation, I think it’s more important than anything to show a sense of accountability for whatever got me the probation sentence by my University.</p>

<p>In my opinion, the differences in career opportunities between my institution and these institutions I’m applying to justify the costs of involving a professional. Nevertheless, I’m quite young, and feel like what guidance I receive from my peers will have great value before I go that route.</p>

<p>Again, all thoughts, answers or insights relating to my questions are greatly appreciated.</p>

<p>pr specialist? that seems a bit over the top</p>

<p>there are many good people out there who help students with their applications for a living, have probably helped kids in your predicament</p>

<p>if your really willing to invest that heavily however to try and get into one of those schools, i know somebody that i could direct you to..if your interested pm me</p>

<p>“My desire to establish a career in Investment Banking (let go of the crisis here… I’ll only be done with school in a couple of years) is my biggest motivation for transferring.”</p>

<p>I hope, for your sake, that your knowledge of the world’s financial situation improves before you finish college. ‘Investment Banking’ as a profession is done. Finished. “Investment Bankers” no longer exist. If this is your biggest motivation, you need to start looking for another. </p>

<p>(In case you’d like an explanation: [Wall</a> Street’s investment banks disappear | And then there were none | The Economist](<a href=“And then there were none”>And then there were none) )</p>

<p>Certainly the days of free-standing investment banks are coming to an end, but is the profession “Investment Banking” done?</p>

<p>Neither the article you posted nor anything else I’ve heard have made that suggestion.</p>

<p>Simply put, the investment banker’s role is to help clients raise capital through security issuances and advise on mergers and acquisitions (M&A).</p>

<p>As bad as the current situation is, I seriously doubt that companies will no longer use IPOs to raise capital. I also doubt that companies will no longer use M&A as a part of corporate finance strategy. That’s not to say that the job market in investment banking will go untouched. Dealmaking will certainly slow down as a result of the credit crunch, and fewer jobs in investment banking will be available. Bonuses will undoubtedly fall, and these large financial institutions will not be as willing to use their balance sheets to finance transactions.</p>

<p>I honestly believe that given a little bit of time for the credit crunch to subside, the health of investment banking will improve. Regardless, I wouldn’t mind moving into a private equity (PE) or hedge fund (HF) type job after spending a couple of years as an Investment Banking Analyst and after finishing my MBA.</p>

<p>Again, getting that coveted analyst position at a top bank requires a certain level of collegiate prestige, and that’s why I think it would be in my best interest to move to a “target” school.</p>

<p>Back to where the discussion had devolved: any resources you all would recommend that would improve my chances of being accepted at the reach schools and that would assist me in the preparation of my statements regarding “Why I want to transfer” and “How I would address my past troubles” would be greatly greatly appreciated.</p>

<p>Thanks.</p>

<p>Hey, I don’t want to get into endless bumping of my thread (inherently belittling the value of others’ important queries) but if anyone has anything to contribute - be it opinions, thoughts, etc. - I would love to hear it, and it would mean a great deal to me to get your input.</p>

<p>Thanks!</p>

<p>Stanford - School of Humanities and Sciences (Economics)
Yale - College (Economics)
UPenn - The Wharton School
Columbia - College (Economics)
Northwestern - College of Arts and Sciences (Economics)
UC-Berkeley - College of Letters and Science (Economics)
Georgetown - McDonough School of Business
UVA - College of Arts and Sciences (Economics)
NYU - Stern School of Business
UTexas - McCombs School of Business</p>