2024 grads- job placement

[Anonymous]

Anonymous wrote:Jesuit university, mid-range (not top 5)
Finance major, magna cum laude
Received offer at internship end last summer (before junior year)
Now in a three month training program before becoming a financial analyst
Found his internships through his own networking - was not at a target school where the top firms recruit
He says there are kids in his training class who were liberal arts majors at Ivy institutions, and they are being taught the same content he learned in finance class.

Sorry, meant to say received offer before senior year.

[Anonymous]

Uchicago Grad, Phi Beta Kappa, Physics major with a fellowship opportunity to study internationally before a PhD at Harvard. I was hoping DC would come back home but have accepted that ship has long sailed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Jesuit university, mid-range (not top 5)
Finance major, magna cum laude
Received offer at internship end last summer (before junior year)
Now in a three month training program before becoming a financial analyst
Found his internships through his own networking - was not at a target school where the top firms recruit
He says there are kids in his training class who were liberal arts majors at Ivy institutions, and they are being taught the same content he learned in finance class.

Sorry, meant to say received offer before senior year.

That’s wonderful. Congratulations to your son.

[Anonymous]

Anonymous wrote:Uchicago Grad, Phi Beta Kappa, Physics major with a fellowship opportunity to study internationally before a PhD at Harvard. I was hoping DC would come back home but have accepted that ship has long sailed.

Impressive!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DS just graduated from Uchicago in CS and Econ, currently looking for work and failing.

We went to the summer open house at Chicago last Friday and the admissions director said that 99% of the class was employed or matriculating to graduate school AT GRADUATION this year.
The admissions director reiterated this several times "not 6 months following graduation, AT graduation, 99% of our graduating seniors knew what they are doing this coming fall."

Is this not truthful?

Somewhat truthful. Graduation plans and salaries are self reported. I know both of my kids never reported their plans to their respected school. So the number is a subset of 100%.

It's always going to be a subset of 100%, but some schools are more persistent in getting data than others. Some don't press because there's a bias -- kids with something they are proud to report are more likely to report. Others tie reporting to some aspect of the graduation process and get higher response rates and thus more accurate data. Some accrediting bodies require this data collection to be robust. Always check the response rates.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This thread is discouraging! Don't really understand why entry level market is so tough when unemployment is low.

Unemployment has always been low in my life when people desperately need to work to survive, not because the market is any good. Nowadays for an entry level job, it is not uncommon to fight against 1000 other applicants, and it is becoming increasingly difficult to stand out with the insane amount of early career training and work that students are taking up. I was saddened, but not surprised, to hear that all of DC's freshman friend group has internships this summer, and DC was stressed throughout the entire year trying to get a job.

Would you mind sharing which college your DC attends? I’m betting freshmen summer internships were arranged by parents.

Penn. Nothing “arranged” just the school’s hustler culture.

+100
Kid at UChicago, same —almost all have various research or internships after freshman year, same with the hopkins kids, and some of them have paid reserach with professors, through school funds

[Anonymous]

Anonymous wrote:What are Think Tanks? What do they do? Can someone name a few?

They actually write legislation and tell congress how to vote.

[Anonymous]

Anonymous wrote:Twins
DS1: Swarthmore, Art History Major, 4.0w/ all the awards, going into investment banking with a firm he interned for junior year
DS2: UVA, CS Major, 3.9w/all the awards, currently no job and applying like mad, past internship with Tesla
You can imagine my shock

Not surprised: Swarthmore is top tier, highly sought after like ivy/T10, and that is a niche field so there are not a lot of undergrads studying it who have the known undergrad name and who are not aiming grad school. CS majors are oversaturating the market: only CS grads from top-tier schools(T10/ivy, Berkeley, CMU) are doing well this year

[Anonymous]

Any updates from UMD CS majors? I have a rising sophomore.

[Anonymous]

Anonymous wrote:What are Think Tanks? What do they do? Can someone name a few?

They hire preferentially from ivies and Uchicago, Duke, Stanford et al, the usual suspects. There are many different focuses: environmental causes and climate are currently quite active. Most are political in some way; some have a military bent with ties to government contracts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The CS folks should consider heading out to SF. My kid had multiple offers from AI companies…and says firms are poaching employees like crazy. ML background.

Also, surprisingly cheap to rent in SF proper…much cheaper than renting in Palo Alto or Mountain View (all the AI companies are in SF proper so not an issue).

What do you consider surprisingly cheap?

$1500/month for a 1BR in a fairly decent/trendy part of town...cheaper if you want to live in the financial district which is dead these days. Kids living in NYC are paying $4,000+ in order to get a decent 1BR place.

Seems even relatively cheap for DC.

My daughter is moving to Boston from NYC and got a one bedroom apartment for $4,000 a month. Everything’s extra of course. $1,500 is a great deal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DC goes to a out of state public university and is going to Boston for biotech research with a BS in Biochemistry. 3 summers of internships and 4.0

Is she going to Boston or Cambridge? Did they help her with housing? Sounds interesting even if she starts at the bottom. Nice job!

Weird comment. Where else should a new grad start but at the bottom?

Sounded weird, sorry. I meant even though she’s just starting out anything she begins with will be exciting. But they’ll be PhDs there that are just starting too. She’ll meet a lot of people who will be good resources for her career. I know a lot of scientists in the Boston / Cambridge area.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What are Think Tanks? What do they do? Can someone name a few?

They hire preferentially from ivies and Uchicago, Duke, Stanford et al, the usual suspects. There are many different focuses: environmental causes and climate are currently quite active. Most are political in some way; some have a military bent with ties to government contracts.

Did not realize they hired so preferentially but makes sense when you look at policies so many espouse. For example, railing against merit-based aid when they themselves grew up in wealthy households and graduated from Ivies. Clueless.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The CS folks should consider heading out to SF. My kid had multiple offers from AI companies…and says firms are poaching employees like crazy. ML background.

Also, surprisingly cheap to rent in SF proper…much cheaper than renting in Palo Alto or Mountain View (all the AI companies are in SF proper so not an issue).

What do you consider surprisingly cheap?

$1500/month for a 1BR in a fairly decent/trendy part of town...cheaper if you want to live in the financial district which is dead these days. Kids living in NYC are paying $4,000+ in order to get a decent 1BR place.

Seems even relatively cheap for DC.

My daughter is moving to Boston from NYC and got a one bedroom apartment for $4,000 a month. Everything’s extra of course. $1,500 is a great deal.

The other popular move is to just jump from different Air BnBs which are also fairly cheap (plenty for $2k per month or less), based on trying out different neighborhoods. Don’t have to buy any furniture or appliances.

I think there are tons of people that will rent an AirBnB fairly long term (3-6 months), but not long enough for CA tenant laws to kick in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Jesuit university, mid-range (not top 5)
Finance major, magna cum laude
Received offer at internship end last summer (before junior year)
Now in a three month training program before becoming a financial analyst
Found his internships through his own networking - was not at a target school where the top firms recruit
He says there are kids in his training class who were liberal arts majors at Ivy institutions, and they are being taught the same content he learned in finance class.

Sorry, meant to say received offer before senior year.

That’s wonderful. Congratulations to your son.

Thank you. I’ve been on DCUM from pregnancy to his flying the nest. There is a lot to learn here!