Kid wants to work on Wall Street

[Anonymous]

the contempt and derision toward Bucknell on this site is mind boggling. The elitist attitude of a small group of tiger moms and small handed men who are vicariously living thru their kids is pathetic - ivy stanford mit duke or bust! I know large group of kids who have gone ivy and large group that have gone bucknell lehigh lafayette, and that latter group had and infinitely better college experience, and comparable level jobs. These are smart likable kids who become smart likable adults, and typically blow by the ivy nerds in terms of relationship, social, and career success

[Anonymous]

Anonymous wrote:I went to Harvard and I regret it...wish I went to Bucknell.

Where is this mythical place called Bucknell located?

[Anonymous]

Yikes, Bucknell is the 3rd or 4th best Patriot League school located in middle of nowhere.

[Anonymous]

Anonymous wrote:Yikes, Bucknell is the 3rd or 4th best Patriot League school located in middle of nowhere.

not really on first and why is second point relevant to placement on the street - making booku cheddar

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am a former investment banker. Not to be a snob, but the number of people who say they "work on Wall Street" and/or are "bankers" who are in middle office or back office jobs is huge. A huge percentage of the people at big banks are not generating any revenue. If you are not generating revenue, you are nobody. The revenue generators treat you like garbage. An MD in a revenue area makes a lot more than an MD in a non-revenue area. There is a lot of nuance.

But when you talk to your friends who aren't on Wall Street, they will think you are a big hitter. Especially if you tell them you work on Wall Street and act like you know about wine, golf, travel, and watches.

This. Hence the “Bucknell has a pipeline to the street” comments. Nothing wrong with middle office or commercial/private banking arms, but it isn’t all one and the same.

A middle office career on Wall Street is a dream for many kids.

I don't know the answer, but does a middle office career help you with placement following an MBA?

Years ago, my friend got an MBA at CMU and he said that the only kids struggling to get offers were former attorneys.

Placement into what? It would help with placement into Treasury or risk management type roles. It wouldn’t help with placement into front office roles any more than the MBA itself does as a way to transition.

[Anonymous]

Anonymous wrote:the contempt and derision toward Bucknell on this site is mind boggling. The elitist attitude of a small group of tiger moms and small handed men who are vicariously living thru their kids is pathetic - ivy stanford mit duke or bust! I know large group of kids who have gone ivy and large group that have gone bucknell lehigh lafayette, and that latter group had and infinitely better college experience, and comparable level jobs. These are smart likable kids who become smart likable adults, and typically blow by the ivy nerds in terms of relationship, social, and career success

Not contempt and derision, just disappointment at the lack of cheddar.

[Anonymous]

Anonymous wrote:the contempt and derision toward Bucknell on this site is mind boggling. The elitist attitude of a small group of tiger moms and small handed men who are vicariously living thru their kids is pathetic - ivy stanford mit duke or bust! I know large group of kids who have gone ivy and large group that have gone bucknell lehigh lafayette, and that latter group had and infinitely better college experience, and comparable level jobs. These are smart likable kids who become smart likable adults, and typically blow by the ivy nerds in terms of relationship, social, and career success

Easy now... DCUM loves Bucknell. It has a pipeline and provides cheddar. It's Richmond that DCUM hates and for good reason

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am a former investment banker. Not to be a snob, but the number of people who say they "work on Wall Street" and/or are "bankers" who are in middle office or back office jobs is huge.
...
But when you talk to your friends who aren't on Wall Street, they will think you are a big hitter. ... a back office banker is still a banker

I worked at Goldman when it it went public. I would not call the human resource managers, lawyers, or back office staff "bankers". You have a good point that these people can pretend to be financial gurus. It reminds me of DCUrbanMoms arguing that they know finance or real estate because they married a hedge fund manager.

I don't recall meeting anyone from Bucknell. It the #31 liberal arts college and I'm sure you can get a good education there. But its business school is weak compared to national universities.

[Anonymous]

What kid dreams of back office jobs? I barely know what they do. Clearly these kids are just repeating what their parents tell them.

[Anonymous]

Anonymous wrote:What kid dreams of back office jobs? I barely know what they do. Clearly these kids are just repeating what their parents tell them.

Their parents don’t know either. But the parents are so obsessed with prestige that even the back office gives them a chance to say their kid works on Wall Street.

[Anonymous]

Anonymous wrote:What kid dreams of back office jobs? I barely know what they do. Clearly these kids are just repeating what their parents tell them.

If you are in a working class job, having your kid work in a back office job is a step up - this is what makes America great. A back office guy who I deal with at my bank is the son of someone who was a security guard at the same bank. The security guard spent years standing there watching people walk into the building dressed nicely and going to jobs where they could sit down and do something that seemed important. So back office was a huge step up.

The key is staying in your lane. Everyone should have pride in their work and existence. But don't act like someone who you're not. Which is what so many of these people do. Rather than doing his job as well as he can and keeping quiet and learning from others at the bank, the guy I deal with tries to keep up with them. And he fails miserably. And they make fun of him (I do not). Unlike others in his group who are just nice, normal people who are treated with respect because they aren't wanna-bes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What kid dreams of back office jobs? I barely know what they do. Clearly these kids are just repeating what their parents tell them.

If you are in a working class job, having your kid work in a back office job is a step up - this is what makes America great. A back office guy who I deal with at my bank is the son of someone who was a security guard at the same bank. The security guard spent years standing there watching people walk into the building dressed nicely and going to jobs where they could sit down and do something that seemed important. So back office was a huge step up.

The key is staying in your lane. Everyone should have pride in their work and existence. But don't act like someone who you're not. Which is what so many of these people do. Rather than doing his job as well as he can and keeping quiet and learning from others at the bank, the guy I deal with tries to keep up with them. And he fails miserably. And they make fun of him (I do not). Unlike others in his group who are just nice, normal people who are treated with respect because they aren't wanna-bes.

Totally agree and know what you are describing. But I'm sure the know-it-alls here will rake you over the coals. Sorry.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What kid dreams of back office jobs? I barely know what they do. Clearly these kids are just repeating what their parents tell them.

Their parents don’t know either. But the parents are so obsessed with prestige that even the back office gives them a chance to say their kid works on Wall Street.

So would it better to be the front office janitor ?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What kid dreams of back office jobs? I barely know what they do. Clearly these kids are just repeating what their parents tell them.

Their parents don’t know either. But the parents are so obsessed with prestige that even the back office gives them a chance to say their kid works on Wall Street.

So would it better to be the front office janitor ?

Lol this is not what front office and back office mean.

[Anonymous]

Here is a 2025 list of top Wall Street feeder schools. Some aren't hard to get into:

https://www.collegetransitions.com/dataverse/top-feeders-banking