This study analyzes the factors that affect labor market outcomes among 4 years college graduate
youths by focusing on college transfers. In addition, considering not only job entry but also wage
level of the first job as labor market outcomes, this study attempts to investigate the effects of
college transfer on labor market outcomes systematically. The results of this research show that when
the college ranking is controlled, college transfer has no significant effect on the probability of
employment in large enterprise. However, college transfer has negative effects on wage level of their
first job. This results show that there may be discriminatory rewarding system within the area of
intra-enterprise and a record of college transfer operates as a glass ceiling. From these finding, it is
suggested that rather than transferring college indiscreetly for college ranking premium, designing
rational transfer plans by considering the opportunity costs is more appropriate.