I finished my 3rd year at a US public research university; however, since I switched majors 2.5 years into my studies (engineering to physics), I still have 2 more years to go. Because of this, I will only have the core undergrad classes under my belt (classical, stat., and quantum mech., as well as E&M with some relativistic treatments).
I would like to apply to high energy theory groups, but I get the impression that successful applicants all have had multiple years of graduate coursework in physics and mathematics at their undergrad institutions. Of course, I understand that research experience is far more important (and I think I do well in that aspect), but there's no doubt that the other highly qualified applicants have stellar research experiences as well -- with work in topics relevant to hep-th, no less.
My question, then, is whether this impression is realistic, or if I'm totally off-base and misguided here. My biggest concern is that, from what I have been told, a PhD in HET is not worth it unless it comes from one of the top 10 programs (due to the scarcity of positions and lack of funding afterwards). Again, this may be a total misconception on my part, but the prospects do seem rough (more so than other academic positions, I should say).
P.S.: FWIW, my interest in HET and cosmology grew from going through Anthony Zee's books on QFT and gravity (having self-studied the prereqs through a mix of Shankar and Griffiths), so I believe I have some idea of the actual nature/mathematics of the topics. However, I'm sure that saying something along these lines in my application, or how I go through the arXiv looking for papers I don't understand, is nothing short of pettiness. It would certainly be strange for someone with no formal experience in the subjects to profess deep interests in doing research in said field.