ILR is interesting. I dont know where you heard Hotel doesnt place well. I have a friend at Cornell right now that says Hotel and ILR have the same access to on campus recruitment as Dyson.
Maybe they have the same access to the career center, but that doesnât mean the Hotel and ILR students have equivalent outcomes to Dyson students.
Why would finance firms want to hire someone from Hotel and ILR instead of Dyson? The level of students, and the course content/rigor at each of these schools arenât the same.
1 Like
Accessing the sign up system for interviews and getting an offer are NOT the same thing. Youâre worried that at Baruch youâre disadvantaged for campus recruiting? Then DONâT replicate that at another school- where youâll be scrambling again. Because the Hotel school does NOT exist to churn out kids for I-banking.
1 Like
Totally agree, but network is a massive factor too. I would have access to Cornells great network and the Ivy network which would help me get my foot in the door a lot easier.
My two cents for what itâs worth is that your HS record is your Achilles heel. If youâre applying with only 2 college semesters your HS record is still very much in play and most of the schools listed in this thread will still be reaches of varying difficulty.
I think itâs definitely worth the effort to try and transfer but I second having a plan B in case a transfer doesnât materialize.
I donât think that Cornell ILR and Hotel students get more or better (whatever factor(s) you want to measure) banking/finance jobs than Baruch. What data are you basing that on? Not what you have heard from friends, etc., but what data?
OP- you wanted advice. Youâre getting advice.
if you donât want to take it- itâs a free country. But transferring from Baruch which has a great reputation for finance in NYC with I-banking (even if you donât want a job in Ops, or analytics, or risk management, or any number of the functions where the top banks DO recruit Baruch students) in order to get a degree from Cornellâs Hotel school (not sure which doors you think the Hotel school opens for you- certainly not M&A at a top institution) seems to me like a sub-optimal plan.
But after 30+ years of corporate recruiting Iâve been there/done that. Kids make sub-optimal choices all the time. But just donât make life harder for yourself. A degree from the Hotel school might get you close to real estate valuation deals at a top tier bank but it is by no means a slam dunk, and you will be answering the question until you are blue in the face âWhy did you pick the Hotel school if you wanted to study finance and work in I-banking?â Every single interviewer. Every single person you network with. So be prepared to answer with something more robust than âMy high school grades were terrible so this was the best I could doâ.
1 Like
This, exactly. Such good advice. Please listen OP.
The OP is correct that Cornell hotel school students land IB internships all the time and do place better than Baruch as most Baruch students place into back office financial services positions, not IB. Whatever info you all are relying on is inaccurate.
I donât see many SHA students going on to IB jobs according to this data, and the average salary is on the lower end. My sense is that at least some of these students who went into IB had contacts in the industry that werenât provided to them via Cornell career services. Hereâs the 2019 placement data from SHA: Explore Careers | Careers for Undergraduates | Cornell Nolan
It looks like 11 or 12 students (the report isnât too clear but⊠223 students seeking FT employment * 96% who did find a job * 5.4% took an IB job, at an average salary of $82K). And as blossom says, SHA students will have to answer the questions she laid out.
What do you think OPâs transfer chances to Cornell SHA are? I canât chance OP but their chances will be better trying to transfer after another year of a high GPA at Baruch then trying to transfer now with a sub 3.0 HS GPA (which will be a significant part of the transfer admissions decision for a current freshman). And yes, I understand that impact on internship timing. Itâs tricky for sure.
I disagree. Banks (just as in consulting) donât care what you major in. Iâve never heard of that question coming up. If the student networks, has a strong resume, and has the technicals down, theyâll fair well during recruitment. One does not need to major in finance or econ to go into IB, especially from a top school. The benefit of majoring in finance from lower ranked schools is for the technical knowledge and networking.
Cornell hotel school is going to want to see hospitality experience on your resume to be a viable candidate. Itâs not a back door into Dyson. ILR is also looking for specific candidates that match their mission.
Without two years of college under your belt, your HS transcript will be considered. I think you are better off staying where you are and knocking it out of the park.