How are these nepo babies in these summer finance internships able to keep up with the work

[Anonymous]

Anonymous wrote:

Anonymous wrote:Really frustrates me as DS is very hard working and going into senior year at Bucknell. Many of his classmates with loaded parents with connections on Wall Street have gotten their kids internships for the summer at companies like JP Morgan, Morgan Stanley, even Goldman Sachs. Kid feels discouraged. He has a 3.8 gpa, good extracurriculars but got shunned away in favor of kids whose dad golfs with the vp of wealth management and has a 3.0 gpa and subpar involvement in college besides frats. It makes me feel like I'm wasting my money on bucknell as these schools only pay off if you have prior family wealth and connections to launch your career in investment banking and finance. Also, how are these kids who barely ut the work in during the school year manage to work these long, long hours in these internships? Are these repo babies given a pass if daddy is there at work today supervising?

The problem is your son didn’t understand the point of attending Bucknell…it’s not to get a 3.8 (but that’s great)…it’s to become friends with the rich kids you lament…and get hooked up with a job.

This is true at any college. He needs to work any connections that he has. Is he in a fraternity? Business classes professors?

[Anonymous]

Out of curiosity op, what line of work are you and your spouse in? Do your jobs hire interns? Tell him to go be a broker at an investment firm (not i banking), but if f he’s not a networker he will never succeed. Doesn’t Bucknell have a career center?

[Anonymous]

Anonymous wrote:It’s clear that your kid doesn’t understand how to get these jobs. It’s not as simple as applying. It’s also not as simple as “nepo baby.” Unfortunately, career services at even better privates are oftentimes almost useless and don’t help students plan their future and act accordingly.

+1 not speaking about bucknell, but at my DS’s school, certain frats basically control the “best” investment clubs, and kids work for each other’s dad’s firm in summers (so you can’t check linkedin and see family connects). My DS is pre med. We don’t have the connects for IB.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s clear that your kid doesn’t understand how to get these jobs. It’s not as simple as applying. It’s also not as simple as “nepo baby.” Unfortunately, career services at even better privates are oftentimes almost useless and don’t help students plan their future and act accordingly.

+1 not speaking about bucknell, but at my DS’s school, certain frats basically control the “best” investment clubs, and kids work for each other’s dad’s firm in summers (so you can’t check linkedin and see family connects). My DS is pre med. We don’t have the connects for IB.

OP here. I find it awful how boys club the finance world continues to be in a country that is all about “equality” and the American dream anyone can achieve if they work hard. It’s a quite socialist mentality how these kdis are born into a certain class where they will be guaranteed admission to a decent school as long as parents have the money and can float through 4 years of undergrad by getting cheat sheets from frat brothers and inevitable summer internships every year. Both husband and I are from a different country and are not used to this whole frat, athlete dominated society of Wall Street who get these high paying jobs from their dad’s friends not from actually working hard. In Ireland where we’re from, you either have the smarts or you don’t to get into these universities and obtain these jobs. For example, a 3.0 kid at a rich kid school like bucknell would never be able to get into the most sought after Irish colleges like trinity and university college Dublin. The kids in the finance majors at the mentioned schools are there for their high Leaving Cert marks(Irish version of a levels).

[Anonymous]

My DS is a D1 athlete and also a talented musician at a well known state school. All the frat bros want to be his friends and convince their father to hire DS for financial consulting internship after DS freshman year. The key here is networking and have something that people want. My DS is dating one of the frat bros’ younger sister whose dad is a CEO of a bank. His future is looking up.

OP is wasting money at Bicknell if your DS can’t network there.

[Anonymous]

Anonymous wrote:My DS is a D1 athlete and also a talented musician at a well known state school. All the frat bros want to be his friends and convince their father to hire DS for financial consulting internship after DS freshman year. The key here is networking and have something that people want. My DS is dating one of the frat bros’ younger sister whose dad is a CEO of a bank. His future is looking up.

OP is wasting money at Bicknell if your DS can’t network there.

What does DS have that makes people "convince their father to hire" him?

About dating a nepo baby, that may or may not pay off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s clear that your kid doesn’t understand how to get these jobs. It’s not as simple as applying. It’s also not as simple as “nepo baby.” Unfortunately, career services at even better privates are oftentimes almost useless and don’t help students plan their future and act accordingly.

+1 not speaking about bucknell, but at my DS’s school, certain frats basically control the “best” investment clubs, and kids work for each other’s dad’s firm in summers (so you can’t check linkedin and see family connects). My DS is pre med. We don’t have the connects for IB.

OP here. I find it awful how boys club the finance world continues to be in a country that is all about “equality” and the American dream anyone can achieve if they work hard. It’s a quite socialist mentality how these kdis are born into a certain class where they will be guaranteed admission to a decent school as long as parents have the money and can float through 4 years of undergrad by getting cheat sheets from frat brothers and inevitable summer internships every year. Both husband and I are from a different country and are not used to this whole frat, athlete dominated society of Wall Street who get these high paying jobs from their dad’s friends not from actually working hard. In Ireland where we’re from, you either have the smarts or you don’t to get into these universities and obtain these jobs. For example, a 3.0 kid at a rich kid school like bucknell would never be able to get into the most sought after Irish colleges like trinity and university college Dublin. The kids in the finance majors at the mentioned schools are there for their high Leaving Cert marks(Irish version of a levels).

I agree. The European education system is way more meritocratic and fair

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s clear that your kid doesn’t understand how to get these jobs. It’s not as simple as applying. It’s also not as simple as “nepo baby.” Unfortunately, career services at even better privates are oftentimes almost useless and don’t help students plan their future and act accordingly.

+1 not speaking about bucknell, but at my DS’s school, certain frats basically control the “best” investment clubs, and kids work for each other’s dad’s firm in summers (so you can’t check linkedin and see family connects). My DS is pre med. We don’t have the connects for IB.

OP here. I find it awful how boys club the finance world continues to be in a country that is all about “equality” and the American dream anyone can achieve if they work hard. It’s a quite socialist mentality how these kdis are born into a certain class where they will be guaranteed admission to a decent school as long as parents have the money and can float through 4 years of undergrad by getting cheat sheets from frat brothers and inevitable summer internships every year. Both husband and I are from a different country and are not used to this whole frat, athlete dominated society of Wall Street who get these high paying jobs from their dad’s friends not from actually working hard. In Ireland where we’re from, you either have the smarts or you don’t to get into these universities and obtain these jobs. For example, a 3.0 kid at a rich kid school like bucknell would never be able to get into the most sought after Irish colleges like trinity and university college Dublin. The kids in the finance majors at the mentioned schools are there for their high Leaving Cert marks(Irish version of a levels).

I agree. The European education system is way more meritocratic and fair

I don’t know. I work with a lot of UK lawyers and the ones from the top firms almost all have the poshest accents I’ve noticed.

[Anonymous]

My son attends an all-boys high school and I'm realizing that that the number one skills he's learning there is how to be a guy's guy.
My husband is not but my son very much is and in many ways it's a learned skill.

[Anonymous]

My daughter works in finance at one of the places you mentioned and has done interviewing and hiring there for 8 years. I haven't heard her mention any nepo-baby hires ever. Yes, I am sure it happens, but none of the interns she has interviewed or hired have been nepo-babies. They even make some after-internship offers to some not so great candidates because they need more bodies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s clear that your kid doesn’t understand how to get these jobs. It’s not as simple as applying. It’s also not as simple as “nepo baby.” Unfortunately, career services at even better privates are oftentimes almost useless and don’t help students plan their future and act accordingly.

+1 not speaking about bucknell, but at my DS’s school, certain frats basically control the “best” investment clubs, and kids work for each other’s dad’s firm in summers (so you can’t check linkedin and see family connects). My DS is pre med. We don’t have the connects for IB.

OP here. I find it awful how boys club the finance world continues to be in a country that is all about “equality” and the American dream anyone can achieve if they work hard. It’s a quite socialist mentality how these kdis are born into a certain class where they will be guaranteed admission to a decent school as long as parents have the money and can float through 4 years of undergrad by getting cheat sheets from frat brothers and inevitable summer internships every year. Both husband and I are from a different country and are not used to this whole frat, athlete dominated society of Wall Street who get these high paying jobs from their dad’s friends not from actually working hard. In Ireland where we’re from, you either have the smarts or you don’t to get into these universities and obtain these jobs. For example, a 3.0 kid at a rich kid school like bucknell would never be able to get into the most sought after Irish colleges like trinity and university college Dublin. The kids in the finance majors at the mentioned schools are there for their high Leaving Cert marks(Irish version of a levels).

I agree. The European education system is way more meritocratic and fair

No way.

There are like no Asians, blacks or Jews of any meaningful numbers in European education

It just looks more fair because there’s way less diversity

[Anonymous]

Anonymous wrote:My son attends an all-boys high school and I'm realizing that that the number one skills he's learning there is how to be a guy's guy.
My husband is not but my son very much is and in many ways it's a learned skill.

Good on your son learning to break his beta dad genes and becoming alpha

Smart that you put him in an all-boys school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s clear that your kid doesn’t understand how to get these jobs. It’s not as simple as applying. It’s also not as simple as “nepo baby.” Unfortunately, career services at even better privates are oftentimes almost useless and don’t help students plan their future and act accordingly.

+1 not speaking about bucknell, but at my DS’s school, certain frats basically control the “best” investment clubs, and kids work for each other’s dad’s firm in summers (so you can’t check linkedin and see family connects). My DS is pre med. We don’t have the connects for IB.

OP here. I find it awful how boys club the finance world continues to be in a country that is all about “equality” and the American dream anyone can achieve if they work hard. It’s a quite socialist mentality how these kdis are born into a certain class where they will be guaranteed admission to a decent school as long as parents have the money and can float through 4 years of undergrad by getting cheat sheets from frat brothers and inevitable summer internships every year. Both husband and I are from a different country and are not used to this whole frat, athlete dominated society of Wall Street who get these high paying jobs from their dad’s friends not from actually working hard. In Ireland where we’re from, you either have the smarts or you don’t to get into these universities and obtain these jobs. For example, a 3.0 kid at a rich kid school like bucknell would never be able to get into the most sought after Irish colleges like trinity and university college Dublin. The kids in the finance majors at the mentioned schools are there for their high Leaving Cert marks(Irish version of a levels).

There aren’t any Wall Street type of jobs in Ireland!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s clear that your kid doesn’t understand how to get these jobs. It’s not as simple as applying. It’s also not as simple as “nepo baby.” Unfortunately, career services at even better privates are oftentimes almost useless and don’t help students plan their future and act accordingly.

+1 not speaking about bucknell, but at my DS’s school, certain frats basically control the “best” investment clubs, and kids work for each other’s dad’s firm in summers (so you can’t check linkedin and see family connects). My DS is pre med. We don’t have the connects for IB.

OP here. I find it awful how boys club the finance world continues to be in a country that is all about “equality” and the American dream anyone can achieve if they work hard. It’s a quite socialist mentality how these kdis are born into a certain class where they will be guaranteed admission to a decent school as long as parents have the money and can float through 4 years of undergrad by getting cheat sheets from frat brothers and inevitable summer internships every year. Both husband and I are from a different country and are not used to this whole frat, athlete dominated society of Wall Street who get these high paying jobs from their dad’s friends not from actually working hard. In Ireland where we’re from, you either have the smarts or you don’t to get into these universities and obtain these jobs. For example, a 3.0 kid at a rich kid school like bucknell would never be able to get into the most sought after Irish colleges like trinity and university college Dublin. The kids in the finance majors at the mentioned schools are there for their high Leaving Cert marks(Irish version of a levels).

You’re kid presumably wasn’t able to get into the best colleges either. Bucknell is for rich kids and it does a good job of educating them. IB is all about networking and connections. If you want a finance job based on knowledge and skill, be a quant (if your kid is capable)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s clear that your kid doesn’t understand how to get these jobs. It’s not as simple as applying. It’s also not as simple as “nepo baby.” Unfortunately, career services at even better privates are oftentimes almost useless and don’t help students plan their future and act accordingly.

+1 not speaking about bucknell, but at my DS’s school, certain frats basically control the “best” investment clubs, and kids work for each other’s dad’s firm in summers (so you can’t check linkedin and see family connects). My DS is pre med. We don’t have the connects for IB.

OP here. I find it awful how boys club the finance world continues to be in a country that is all about “equality” and the American dream anyone can achieve if they work hard. It’s a quite socialist mentality how these kdis are born into a certain class where they will be guaranteed admission to a decent school as long as parents have the money and can float through 4 years of undergrad by getting cheat sheets from frat brothers and inevitable summer internships every year. Both husband and I are from a different country and are not used to this whole frat, athlete dominated society of Wall Street who get these high paying jobs from their dad’s friends not from actually working hard. In Ireland where we’re from, you either have the smarts or you don’t to get into these universities and obtain these jobs. For example, a 3.0 kid at a rich kid school like bucknell would never be able to get into the most sought after Irish colleges like trinity and university college Dublin. The kids in the finance majors at the mentioned schools are there for their high Leaving Cert marks(Irish version of a levels).

I agree. The European education system is way more meritocratic and fair

No way.

There are like no Asians, blacks or Jews of any meaningful numbers in European education

It just looks more fair because there’s way less diversity

That is not true at all re Asians (Indians) at Oxford and Cambridge. The #s are like nothing youd ever see at US Ivies etc.