Yes the arbitrariness is true to an extent. If people think, despite having no tangible reason, that UVa is better than Wisconsin, then they will yield thus making UVa more selective and prestigious. This cycle turns on itself, and thus the prestige of UVa seems somewhat artificial. This could be true of all rankings however. I say “to an extent” because it’s clear that some distinctions in prestige are accurate, like UVA/MSU or Wisconsin/Iowa. |
Okay |
| AI will put all finance bros, stock brokers out of business. |
| Never break in where? |
| This business crap is a trend. People that never would have ever thought about in the past are all caught up in it. |
+100 The first to go |
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PUBLIC SERVICE ANNOUNCEMENT: THERE ARE TWO DEFINITIONS FOR THE TERM/WORDS "TARGET SCHOOL(S)"
1) The way it's commonly used on this forum to differentiate between schools with varying rates of admission: Safety/Likely, Target, Reach. 2) The way it's used to identify universities/programs where top financial institutions, consulting firms, etc., actively recruit new talent. They are all reach schools. You are welcome. |
Yes, context is key. OP provided none. |
It's very meritocratic as UVa is harder to get into as you said. Having a higher GPA has less to do with intellect than having a higher SAT score. I known that bothers many of you but tough . |
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Finance person here on the buyside. Some of the target vs non target tiering is hardwired because on campus recruiting resources are finite.
But the other “basis” is the extent and depth of networks. A candidate can really benefit from having access to contacts that they went to school within the firm. For example, when i interview, I always ask candidates to pitch me a stock. I find it useful for distinguish kids that are truly interested in a life investing vs someone chasing an illusion. By titrating the depth of questions, I can pretty quickly figure out how deep someone is. The Harvard and Wharton kids are actually practicing their pitch with younger alums in the firm and even customizing it for certain technical details I am known to go after. So, they not only have an advantage getting in the door, they have now created an edge in the active process. We pride ourselves on meritocracy and I love finding hustlers from schools not on “the list”, but the network effect can be very challenging to beat. |
| DC has 2 friends at Wisconsin, 1 at Berkeley and 2 at UCLA that had finance internships this summer at top Wall Street firms so I am not sure your theory holds. |
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I passed through Madison recently and was quite impressed with the campus. I was not shopping for a college at the time. I just wanted to see it.
Flyover country (where I also live) is not considered cool right now. That's a prejudice based on some tough economic realities. Most of the Midwest flagships get some discounting because of location. Of all of this, the thing I think OP most needs to challenge is the presumption that the American Dream is tied to working at a place like Goldman Sachs or McKinsey. Based on my experience as an MBA from a top school, I think that's quite rebuttable. I started writing up some examples from my experience but it seemed a bit petty, so I think that's best left for OP to discover. I bet there are Wisconsin undergrads with MBAs from other schools at these elite firms. The first step would be to try reaching out to them for advice. |
Agree. As another poster guessed, the thread starting post writer, the OP, might have written his/her post while drunk. |
Tell me you don’t work on WS without telling me. “Stock brokers”? lol |
As another poster guessed, OP may have been drunk. |