buslaw4302 wrote:I finished my first semester at WUSTL in the top 5%... I think there are definite pros to staying (and the more I think of it, the more pros there really are), but I think at the end of the day it would be nearly impossible for me to turn down HYS (if given the opportunity).
Are there any older students who chose not to transfer that ended up regretting not transferring?
There are A LOT of pros, but the problem with these pros is that...they are generally temporary. The name of your T14 goes on your resume FOREVER, and that really weighs in. Sure, it may take 10 years to pay off that loan, but your legal career lasts for what...30-40 years (assuming you do not retire early)?
There is a lot of talk about transferring, but there is a difference between transferring and applying to transfer. In this economy, I recommend everyone to APPLY to transfer. Schools will likely give out less scholarships, which require YOU to give them the extra push for that full tuition + stipend. You need that transfer acceptance in order to negotiate the highest scholarship possible (especially if you plan to stay). Thus, it is going to be in your best interest to apply whether you leave or not. Just go straight to the head Dean, show him/her the letter, tell him you would LOVE to stay but cannot due to financial reasons, and bargain for that scholarship.
My old school hid scholarship information (for good reason) and scholarships were given out in mid-August. Thus, you would have to trust that your school gives you the scholarship you desire (and my guess is that it will be tough in this economy). I am not sure what other schools do, but I would not want to be gipped of a scholarship. Someone with a similar ranking last year as me got twice the amount I did this year. So, I strongly encourage you to apply to transfer. Just think of it as negotiating for scholarships like you did back when you first applied to law school.
I was able to talk to like 7-8 of my friends in the top 10% or who graded on to law review at my old T2 before I left. I felt like the number reason they did not transfer was that they JUST DID NOT KNOW. They did not know that they could transfer. They did not know it was the right decision. They did not talk on TLS. They just had no idea that people who did well in their 1st year transferred out or that it was an option for them. One of my friends in the top 10% thought that only the top 1% transferred out (which is not true in case you did not know either).
A few of my friends openly regretted not applying to transfer and wished they did, but at that time, the 2nd year was about to start and it was too late. Out of the people I talked to, one of my friends in the top of the class stayed for the JD/MBA, another for her husband, and one because he was interested in government work (which our T2 was perfect for). While sure, we talk a lot about giving up a full ride, but money just did not seem to be a big factor. For some, I am sure it is. Just be sure to APPLY to transfer still and negotiate that scholarship.
Looking back, it is hard for some to know about transferring. Our school really tries to hide transferring and looks down on it. In addition, I do not see how you would know about transferring unless you felt bad about going to a T2 in the first place. There is a lot of pride at my T2 (because the school tries to instill it), so I can totally imagine how people would want to stay. Without a certain amount of ambition or online trafficking, I realized it is hard to know about transfer options.
In fact, my own ignorance about the concept of transferring was one reason I did not transfer to HYP as an undergrad despite having done well in the first year (and well before my GPA plundered). Looking back, I do know if I would have transferred as an undergrad after my 1st/2nd year from my school to HYP, however, I still wish I had the choice.
Thus, one of the reasons I wrote the article is so people know about their options. I hope that people have all the information they need to make that choice. "Because while the truncheon may be used in lieu of conversation, words will always retain their power. Words offer the means to meaning, and for those who will listen, the enunciation of truth." Furthermore, I guess I just felt bad that even if my friends wanted to stay, I wish they applied to transfer to negotiate for a better scholarship. Some schools are generous, and others are not. The schools that are not, need a bit of push. People in the top 5% are given terrible scholarships this year as compared to previous years (due to the economy), and I just wish we all had the same opportunities.
As for how transfers do at OCI, we do no different than the students here. If you were top 1% at a T1, you probably got the job you wanted. If you were top 15% at a T2, you faced a tougher struggle. While law firms generally do not equate you to a top 1/3 or top 1/2 position, they have a good idea of where you place. Also, if you had work experience, you had an easier time getting a job, regardless of whether you were a transfer or not. Also, I was surprised at how many attorneys were transfers themselves. It does not say anything on their profile about it, but I ran into quite a few attorneys who themselves transferred (more than the 10% I predicted). It was pretty cool.
Oh no. I just rambled on again.
Lastly, transfer. (I'm looking at you OP + OS)