Let’s talk the reality of career resources

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No one “receives” lucrative banking job after graduation. You have to “seek” it and that even applies to recruited athletes, too. Yes, sales and trading desks at major IBs are favorably disposed to recruited athletes from Ivy schools but one has to actually seek it and not passively “receive” it by the career center. The idea that jobs are offered up like a box of chocolates by career center is f’n crazy. What firm wants to hire an entitled person with unrealistic expectations and zero initiative? Prior post has to be fake because no parent can be that clueless, can they?

Different Poster.

Yes, some do receive lucrative IB offers before, at, and/or after graduation. Happens for athletes, family connections,and frat brothers with Dads in a position of authority at an IB or other financial firm.

Sorry to say, but you are the clueless one.

This does not happen in 2024. True 25 years ago. Today, anyone “receiving” this kind of job it’s typically a non-substantive client-facing role that is offered as a favor to a candidate that would never be on real long-term track. This kind of person is gone within 18 - 24 months because they were never a real hire, anyway. Ok, they make some money in the 18 - 24 months but they get weeded out pretty quickly and suffer from massive imposter syndrome. Follow these people through time and you will see. It’s a curse, not a blessing because most of them are stranded by 28.

+1. These views are so out of date with the current system of on-campus recruiting. And I haven’t seen the athlete thing in a long time, especially as sales (and even some trading) have been put on the back foot in the last 10 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No one “receives” lucrative banking job after graduation. You have to “seek” it and that even applies to recruited athletes, too. Yes, sales and trading desks at major IBs are favorably disposed to recruited athletes from Ivy schools but one has to actually seek it and not passively “receive” it by the career center. The idea that jobs are offered up like a box of chocolates by career center is f’n crazy. What firm wants to hire an entitled person with unrealistic expectations and zero initiative? Prior post has to be fake because no parent can be that clueless, can they?

Different Poster.

Yes, some do receive lucrative IB offers before, at, and/or after graduation. Happens for athletes, family connections,and frat brothers with Dads in a position of authority at an IB or other financial firm.

Sorry to say, but you are the clueless one.

This does not happen in 2024. True 25 years ago. Today, anyone “receiving” this kind of job it’s typically a non-substantive client-facing role that is offered as a favor to a candidate that would never be on real long-term track. This kind of person is gone within 18 - 24 months because they were never a real hire, anyway. Ok, they make some money in the 18 - 24 months but they get weeded out pretty quickly and suffer from massive imposter syndrome. Follow these people through time and you will see. It’s a curse, not a blessing because most of them are stranded by 28.

+1. These views are so out of date with the current system of on-campus recruiting. And I haven’t seen the athlete thing in a long time, especially as sales (and even some trading) have been put on the back foot in the last 10 years.

No the athlete recruitment 100% exists. There’s programs now only for athletes to fast track them into Wall Street careers.

[Anonymous]

Anonymous wrote:OP, the math/cs field is not doing great right now, the WSJ had an article about it today. Job postings are below pre-pandemic levels.

I will say, I’m my experience, the best career centers are those within flagship business schools. My husband was a Michigan Econ grad and didn’t apply to Ross because he wasn’t interested in majoring in Business. He was eventually able to get a finance job, but it was a lot harder because Ross only helped their own students. My niece is at business school at Wisconsin and was able to get an internship before her senior year without connections by utilizing on-campus resources.

Finally, to the poster at Brown with a kid in Environmental Science - I’m in the field and entry level positions are very competitive. There’s also a big push for diversity right now, which hurts other applicants. I know lots of people with MEM degrees from “elite” universities who don’t make much. So I think it’s more Brown helping to place students at companies that actually hire many kids that pay decent wages.

Was looking for this comment. Undergraduate business schools tend to have very good career services. My experience with them does not square with a lot of these comments at all. Even 15 years ago at Indiana (Kelley) they brought the companies in to interview, you got to bid on interviews, and that was how most kids got jobs. Also career fairs with recruiters, etc. I know several business schools that have systems like this (assume most do but can’t say definitively).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No one “receives” lucrative banking job after graduation. You have to “seek” it and that even applies to recruited athletes, too. Yes, sales and trading desks at major IBs are favorably disposed to recruited athletes from Ivy schools but one has to actually seek it and not passively “receive” it by the career center. The idea that jobs are offered up like a box of chocolates by career center is f’n crazy. What firm wants to hire an entitled person with unrealistic expectations and zero initiative? Prior post has to be fake because no parent can be that clueless, can they?

Different Poster.

Yes, some do receive lucrative IB offers before, at, and/or after graduation. Happens for athletes, family connections,and frat brothers with Dads in a position of authority at an IB or other financial firm.

Sorry to say, but you are the clueless one.

This does not happen in 2024. True 25 years ago. Today, anyone “receiving” this kind of job it’s typically a non-substantive client-facing role that is offered as a favor to a candidate that would never be on real long-term track. This kind of person is gone within 18 - 24 months because they were never a real hire, anyway. Ok, they make some money in the 18 - 24 months but they get weeded out pretty quickly and suffer from massive imposter syndrome. Follow these people through time and you will see. It’s a curse, not a blessing because most of them are stranded by 28.

+1. These views are so out of date with the current system of on-campus recruiting. And I haven’t seen the athlete thing in a long time, especially as sales (and even some trading) have been put on the back foot in the last 10 years.

No the athlete recruitment 100% exists. There’s programs now only for athletes to fast track them into Wall Street careers.

DS earlier this semester got an email from the football alumni group to apply to certain offices for Guggenheim and KKR to receive “preferential review.” It 100% still matters.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No one “receives” lucrative banking job after graduation. You have to “seek” it and that even applies to recruited athletes, too. Yes, sales and trading desks at major IBs are favorably disposed to recruited athletes from Ivy schools but one has to actually seek it and not passively “receive” it by the career center. The idea that jobs are offered up like a box of chocolates by career center is f’n crazy. What firm wants to hire an entitled person with unrealistic expectations and zero initiative? Prior post has to be fake because no parent can be that clueless, can they?

Different Poster.

Yes, some do receive lucrative IB offers before, at, and/or after graduation. Happens for athletes, family connections,and frat brothers with Dads in a position of authority at an IB or other financial firm.

Sorry to say, but you are the clueless one.

This does not happen in 2024. True 25 years ago. Today, anyone “receiving” this kind of job it’s typically a non-substantive client-facing role that is offered as a favor to a candidate that would never be on real long-term track. This kind of person is gone within 18 - 24 months because they were never a real hire, anyway. Ok, they make some money in the 18 - 24 months but they get weeded out pretty quickly and suffer from massive imposter syndrome. Follow these people through time and you will see. It’s a curse, not a blessing because most of them are stranded by 28.

+1. These views are so out of date with the current system of on-campus recruiting. And I haven’t seen the athlete thing in a long time, especially as sales (and even some trading) have been put on the back foot in the last 10 years.

No the athlete recruitment 100% exists. There’s programs now only for athletes to fast track them into Wall Street careers.

It’s not what it once was at all. This Journal article is from seven years ago but the decline had been going on for years even at that point.

“Wall Street’s Endangered Species: The College Jock”
https://www.wsj.com/articles/wall-streets-endangered-species-the-ivy-league-jock-1495721462

Sales and trading have been in decline since the financial crisis. Athletes might find themselves in demand for wealth management jobs which some banks have shifted to, but it’s a huge difference.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I graduated from an Ivy. The football and basketball players got amazing wall street finance jobs after graduation, even the weakest students. They werent writing cover letters- There is a strong ivy alum job pipeline for athletes. I assume it's the same at other schools as well.

You oddly picked he most under-represented of Ivy athletes on Wall Street, which makes me think you are talking out of your ass.

In fact, basketball has the weakest alumni network...by far. Combination of small teams and many players not coming from wealthy families to start.

LAX is the most represented sport on Wall Street...again, by a large margin...followed by Crew and other niche sports. Football has lots of players, but punches way under its weight since once again, it doesn't pull as heavily from prep schools/wealthy families as other sports.

With all due respect, my comment reflects the accurate reality of my friend-group job placement after graduation. Finance/wall street pipeline for football and basketball players is real. I didn't know any LAX or crew people so can't comment on that.