There are tons of jobs technically in finance, from easy to get to hyper selective entry and high wages. The PP sounds like a troll spamming finance buzzwords and cliches. A dumb jock with a 2.9 gpa may get a cushy “finance” job but it’s not the same caliber of job the elbowy smart kids are fighting for. |
| Why is it relevant that the in laws are middle class? |
They might think being handed a 150,000usd junior banker job is like being handed a union apprenticeship. That is not how it works. These prestige banker jobs were filled months if not technically over a year ago. |
Sadly a lot of the "elbowy smart kids" make the mistake of going purely down the quant path without developing the other skills needed to excel and they really do end up working for and getting ridiculed by the former jocks at top hedge funds and banks (outside of the quant-only firms). |
| This forum is truly just a bunch of clueless feds. |
Hah, no. The only former jocks at the top are the sons of wealthy families who knew they could coast. Most are not tapped as a friend of their kid like PP, pretty rare. Being a jock was just the easy fun path they could take because they knew daddy would glide their path. |
| Many of the entry level kids in finance are borderline morons with family connections. Some of them even eventually become MDs. Life isn’t actually a meritocracy and it definitely isn’t fair. Sooner you realize that, the better. |
Both true. OP has declined to define what is so concerning about this "middle class" background so I am assuming the nephew is the son of two educated professionals that happen to make less than 1m a year. |
Duke is NOT hard to get into and it is NOT expensive. I attended Duke in 2009 on an athletic scholarship with a GPA of 3.1 and SAT score of 1100. Many of my teammates had similar GPAs and SAT scores. |
I attended my 10th year CMU class of reunion with 40 friends who majored in Computer Science. 39 of them have regular jobs making good salaries, between 250K and 350K. One person left CMU after his freshman year and transferred to VA Tech because he couldn't handle CMU. It turned out that he became the most successful person in the group because he is now the CIO for a fortune 100 company. His EQ is so much higher than his IQ. Those of us that attended CMU have very high IQ but low EQ. That "dumb jock" with a low GPA might be your future boss because he has high EQ. They don't teach EQ in college, just saying. |
Taking classes in psychology, rhetoric, philosophy, or communications can go a long way to helping with EQ, communication, and influencing. Athletes are used to dealing with adversity, time management, and collaboration (depending on the sport anyway), which does prepare them for corporate life on top of EQ more generally. Resilience really isn't something a ton of college kids or young professionals have had to show much of either. |
The hardest part about most top schools is getting in. Look at the redic GPAs for Yale and Harvard recently. They don't even give a gentleman's C anymore; it is more like B or B+. You can bank on a decent-looking GPA and it is almost impossible to flunk out. |
Same...totally jealous I am not stupid. |
I agree! |
| This is just another raging troll post. |