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Started By
Message
Go to one of these colleges if you want to work on Wall Street
Posted on 5/28/14 at 9:39 am
Posted on 5/28/14 at 9:39 am
4
Posted on 5/28/14 at 9:40 am to RedRifle
no ULL?
Posted on 5/28/14 at 9:41 am to RedRifle
Big surprise
Posted on 5/28/14 at 9:46 am to RedRifle
This is surprising considering I've been told here that it doesn't matter what college you go to
Posted on 5/28/14 at 10:00 am to yellowfin
quote:
This is surprising considering I've been told here that it doesn't matter what college you go to
If you are connected. I can't tell you how many times I run across someone who has an obscure degree in something such as French lit from a tiny liberal arts college on the east coast and they end up being a banker on wall street.
Why because Dad got them the job.
Posted on 5/28/14 at 10:27 am to barry
That's different, there are plenty of history Harvard grads doing ib at Goldman and often those small liberal arts colleges are thought of as just as highly as Harvard. Like bowdoin etc.
Also I have a friend that went to Uga and has all the connections in the world (part of her dad's business is owned by GS' private equity group) and she still couldn't break into the BB banks, well yet at least.
Also I have a friend that went to Uga and has all the connections in the world (part of her dad's business is owned by GS' private equity group) and she still couldn't break into the BB banks, well yet at least.
This post was edited on 5/28/14 at 10:29 am
Posted on 5/28/14 at 10:29 am to reb13
Friend works on wall street and is from Harvard. Graduated with a lib arts degree. Basically said the idea is "You are smart enough to get through Harvard, you can navigate wall street"
Not just connections and not just Harvard has that reputation. Coming from a non elite school though is near impossible without connections or making a huge impression
Not just connections and not just Harvard has that reputation. Coming from a non elite school though is near impossible without connections or making a huge impression
Posted on 5/28/14 at 12:06 pm to GenesChin
quote:
I can't tell you how many times I run across someone who has an obscure degree in something such as French lit from a tiny liberal arts college on the east coast and they end up being a banker on wall street.
Why because Dad got them the job.
Some of those small liberal arts school are some of the best and most prestigious schools in the US outside of the ivies. And, they cost a shite ton. I'm sure dad has connections.
Williams College - Tuition and fees: $46,600 (2013-14)
Amherst College - Tuition and fees: $46,574 (2013-14)
Swarthmore College - Tuition and fees: $44,718 (2013-14)
Bowdoin College - Tuition and fees: $45,446
Middlebury College - Tuition and fees: $45,314
This post was edited on 5/28/14 at 12:07 pm
Posted on 5/28/14 at 12:25 pm to RadTiger
quote:
Some of those small liberal arts school are some of the best and most prestigious schools in the US outside of the ivies. And, they cost a shite ton. I'm sure dad has connections.
I'm extremely aware of how regarded they are, but my point was that getting a degree in 18th century spanish history doesn't exactly prepare you for IB jobs.
Posted on 5/28/14 at 12:28 pm to barry
It's stupid I agree but it doesn't seem to matter what you graduate with from an Ivy League school.
Posted on 5/28/14 at 12:31 pm to reb13
It is because they trust that if you are accepted into and finish such a difficult school such as "Insert Ivy" you are smart enough to figure out IB.
The reason there is that reputation is because all the current IB workers out there are from "Insert Ivy" like school
Actually a huge problem in investment banking from talking to someone who runs a hedgefund out of chicago
The reason there is that reputation is because all the current IB workers out there are from "Insert Ivy" like school
Actually a huge problem in investment banking from talking to someone who runs a hedgefund out of chicago
Posted on 5/28/14 at 12:40 pm to GenesChin
it seems to suggest that what you learn in college is not relevant. what is relevant is your ability to learn once you get the ib job. they trust that the ivy schools will challenge and push students and thus prepare them to work hard and achieve high. not a bad strategy.
Posted on 5/28/14 at 12:43 pm to oldschoolgreats
quote:
it seems to suggest that what you learn in college is not relevant.
It seems to suggest that IB isn't that difficult, it just requires you to not like your life and have an eye for detail.
Posted on 5/28/14 at 12:50 pm to barry
quote:
it seems to suggest that what you learn in college is not relevant.
College has never been about preparing you for the job unless you get a technical degree. A liberal arts education model we operate under teaches you the foundation of being well rounded. Even most people I know in Engineering say their job activities are not reflected in their studies
quote:
It seems to suggest that IB isn't that difficult, it just requires you to not like your life and have an eye for detail.
From what I ehar this isn't too far off. If you put the hours in and can learn what to look for you will be successful in it. If you go the quantitative side completely different story
This post was edited on 5/28/14 at 12:51 pm
Posted on 5/28/14 at 3:06 pm to GenesChin
quote:
Basically said the idea is "You are smart enough to get through Harvard, you can navigate wall street"
This isn't true. Even most Ivy League grads will reluctantly admit that where you got your degree has zero relevance to your intellectual capacity. Connections really are everything, and not just people to people but the universities expect a certain amount of hiring from companies just as companies expect a certain amount of catering with their recruitment process.
We just got our "facebook" of interns today and every single one of them are from one of those schools in the OP + Oxford/LSE. Every. Single. One. I've stated my thoughts on this many times so I won't spam the board with a rant but it really is beyond frustrating. Can't wait for a summer of teaching Harvard students how to tie their fricking shoes again.
This post was edited on 5/28/14 at 3:08 pm
Posted on 5/28/14 at 3:10 pm to BennyAndTheInkJets
All fine schools. All graduating a group of fine young men and women with potential. Potential for me to profit from their youth and inexperience.
Posted on 5/28/14 at 3:36 pm to Iowa Golfer
AS a liberal arts major that has transitioned into a finance oriented position, i would say the primary benefits to my college degree are the development of critical thinking skills and the ability to communicate.
I did not take one business class in college and had no finance background when i entered the workforce. I received some vocational training in finance as i progressed in my company and eventually completed an executive MBA. I find that my liberal arts skill set have helped me to differentiate myself and have provided a much better return than my MBA.
I did not take one business class in college and had no finance background when i entered the workforce. I received some vocational training in finance as i progressed in my company and eventually completed an executive MBA. I find that my liberal arts skill set have helped me to differentiate myself and have provided a much better return than my MBA.
Posted on 5/28/14 at 6:45 pm to barry
quote:
getting a degree in 18th century spanish history doesn't exactly prepare you for IB jobs
It might help prepare one for dealing with complex sales and negotiation. People who are expert in the use of language tend to do pretty well.
Posted on 5/28/14 at 7:54 pm to RadTiger
quote:
Some of those small liberal arts school are some of the best and most prestigious schools in the US outside of the ivies. And, they cost a shite ton. I'm sure dad has connections.
My company is probably 60-70% made up of people from these schools and then another 20% are Ivy. They are decent schools that are severely overpriced and exist for rich northeastern kids that can't get into the Ivys. They do have strong Wall St networks and are oddly finance heavy for not having any formal business programs.
I think your rates are actually quite low too, my roommate paid 55k+ at Bowdoin in 2007 and it's even more now.
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