law555, I've actually been thinking the same thing and see your point. Being at the top is definitely something I'd like. It's the one thing keeping me from fully going ahead with the transfer.
4.0 at your school is likely close to the very top, and I would probably stay since job prospects will be unbelievable, maybe even better than when you transfer and drop in GPA...just my 2 cents
I disagree. Yes, you are the top of your class and will probably do just fine. However, going to a T10 school (or likely a T5 in your case) will pay off in both the short term and long term. Employers at OCI will still see your 1st year grades and know that you rocked it. On top of that, they will be more inclined to hire you because they know you rocked the 1st year and they get to put the better school's name on their website. I also have a hard time believing that a school in the 40's will afford better opportunities in the long term. If you ever want to teach or clerk or go into politics or anything that requires a prestigious degree, then you will be much better off.
Now, I'm not advocating transferring w/o even thinking about it. It will depend on your career goals, how much you like your current school, how much of a scholarship you have, where you want to work, etc.