
My son works at GS and his co-workers are from Princeton, Berkeley, Columbia, MIT and Caltech. |
Here's where the leadership at GS and other top firms studied. https://lesshighschoolstress.com/wall-street/ They'll hire talent from wherever thay can get it. |
Any way to quantify your point? Higher # or % of students from (affluent) Asian families? I grew up in an area with many affluent Asian families with talented top students so that seemed true to me 30 years ago. |
But they still discriminaye against Asian American applicants. |
+1 Although I'd add that you need to be able to work well with others, too, to be successful in many fields. |
There is nothing wrong with academic “prepping.” It is no worse than basketball or football players “prepping.” |
I am sure there is data but it’s kind of obvious. Asians as pct of top schools is much higher now. It’s not that they were excluded before it’s that they have grown in numbers and influence and resources. Asians started attending to schools in large numbers in the 80s and 90s and now their kids are applying. Economically Asians have made tremendous progress past 20-30 years - kids today are third rather than second generation Americans to a large degree. The main point is that the Asian population has grown and become more affluent. This is similar to how Jews drove up the quality of top schools a generation prior. Ivy League didn’t have many Jews in the 60s but this changed dramatically in the 70s-90s. |
You won't find any group more "hard working' than Asians - they routinely work 80-100 hours per week without any vacations for years! As for 'able to work with others', no other group can surpass Asian people. You know, they are easy to get along with, obedient, don't cause trouble, docile, passive, quiet etc. etc. At least the generalizations about them. Best group for hard work and reliability and responsibility and causes least amount of troubles. I wonder why Harvard University thought that Asians' personality was bad and terrible that they shouldn't be admitted based on the "personality" score? Doesn't add up. I guess it all depends on your biases and narrative you want to push. |
They didn’t actually think that, they just needed a fudge factor to justify imposing a quota so Asians wouldn’t become 75 percent of the class. |
Students today know that Goldman is no longer the place to be precisely because the skills required to succeed at Goldman have never been top math scores. My son and his friends who are very good in math want quant or HFT jobs where strong math skills (way beyond SAT math) are required. Recently a friend who works at Golman told me that when they went for an info session at Penn, they had few students show up because another Fintech company had their session at the same time. Quant shops will take top math kids from Georgia Tech versus the kid at Harvard if the GT kid is great at math. This has happened to out friend's son. He was hired by Citadel from Georgia Tech, while another friend's son from Penn did not get into Citadel. |
True math geniuses today have a range of options in finance that are unavailable to the average “top student.” Corporate finance jobs like at GS are for smart kids but not for kids who have the ability to get a math or physics PHD for example. The point is not that you have to be a math genius to excel at Goldman or on Wall Street generally, you just have to have a strong (and fast) mathematical mind and a quantitative orientation |
+1. With my 2006 child, daycare, nanny, school, even pediatrician appts were a challenge. Jump forward to my 2009 child and it was all a breeze. |
I agree, but to each their own. My kids all wanted somewhat smaller (5-10K) size---one wanted the sports and feel of a huge state U but was smart enough to know they needed smaller class sizes and a more intimate environment in order to succeed. So they picked one with 8K and an amazing basketball school (so no football but the school spirit is still there). However all my kids also did NOT want to be in the middle of nowhere. |
And most often, "#134" will give your top student top merit. So the finances will mean minimal to no loans for college. Graduate debt free. Be "top dog" at college, so you are in honors program, able to do research at large state school (where most undergrads are not), etc. Plenty of very smart people recognize this and do exactly that. Others keep complaining and struggle to get into T25 and then deal with mental anguish when they don't |
Because poor kids may not have the free time to "study it". They may be working, taking care of kids in the family, taking care of grandparents, etc. Also, buying a book and studying it is NOT the best way to prep for the SAT. Best way is a 1-1 private tutor who has you do an initial test, then helps you study based on your areas of need. they teach you the tricks as well---half the test is about knowing the tricks and methodology and a good tutor can get your scores up 100-250 in only 4-8 hours of tutoring and maybe 1-2 more practice tests to see what you have accomplished. That takes time and MONEY. |