Dartmouth or UChicago?

[Anonymous]

Anonymous wrote:Dartmouth is definitely more well-known in Wall Street. It's in the top 5 for how many students and alums work there per capita alongside HYP and Penn/Wharton. UChicago has a presence, no doubt, but Dartmouth has a huge alumni base there. Getting a job in Wall Street is all about connections.

Yes heard this about Dartmouth too and because of that encouraged my DC to apply. He wouldn't for other reasons so I freely admit I have no real insight into Dartmouth's results. Not Dartmouth specific but I do wonder if the above relationship emphasis will continue to be as hugely relevant for our kids given the tech based future being forecasted for Wall Street. There was something published about how Stanford's post graduation statistics are artificially lower, not because their graduates aren't wanted but because those same graduates are putting the BBs on hold while they see if tech offers come through, including fintech. Of course relationships will always be important to get into first round interviews. Quant/Tech connections and pull are somewhat more egalitarian due to the specialized skills required. That also affects being able to successfully pull investors from tech money. What do you on this board forecast?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:WS? Ugh

It’s one thing when people go to WS because they can’t think of anything better to do but it’s kind of gross to see teens planning for it and parents encouraging it.

And this is coming from someone whose H worked on WS for a long time btw. It’s not a nice or pleasant industry.

So are you saying your husband lacks imagination since he worked there for so long in your words?

wellll kind of yeah. lol. Is that bad to say? He graduated back in the recession of 01 and got the job through a buddy of his. So he basically fell into the work, hated it at first because of the boring grunt work and the long hours but eventually worked his way up to something more interesting, then later the money became too good to give up. He finally jumped ship when he was ready to start his own fund.

With all the more interesting possibilities out there, I feel like it's not the kind of thing a starry eyed 18 year old should be *planning* to do with his life already with the encouragement of his parents.

You raise good points. I understand the OP though. High school kids hear it's the big thing and parents want to be supportive. Also, it's so tempting as a parent to encourage them on a familiar path that leads to a comfortable lifestyle. What's not clear to me though is if what's always worked, will continue to work. And also, not sure this generation will be as willing to grunt out the endless power point years. Their viewpoint can to shift A LOT in college as they see what the classes above them are doing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Dartmouth is definitely more well-known in Wall Street. It's in the top 5 for how many students and alums work there per capita alongside HYP and Penn/Wharton. UChicago has a presence, no doubt, but Dartmouth has a huge alumni base there. Getting a job in Wall Street is all about connections.

Yes heard this about Dartmouth too and because of that encouraged my DC to apply. He wouldn't for other reasons so I freely admit I have no real insight into Dartmouth's results. Not Dartmouth specific but I do wonder if the above relationship emphasis will continue to be as hugely relevant for our kids given the tech based future being forecasted for Wall Street. There was something published about how Stanford's post graduation statistics are artificially lower, not because their graduates aren't wanted but because those same graduates are putting the BBs on hold while they see if tech offers come through, including fintech. Of course relationships will always be important to get into first round interviews. Quant/Tech connections and pull are somewhat more egalitarian due to the specialized skills required. That also affects being able to successfully pull investors from tech money. What do you on this board forecast?

Yes Stanford is recruited heavily but Stanford kids are not as interested they are much more interested in tech. Even the ones interested in business they usually go for tech ib/consulting or fin tech. The tech branches of the major investment banks etc are located in the bay area. It is not surprising that people do not want to leave SF for NYC.

[Anonymous]

Douche=Dartmouth. Not-a-douche=Chicago.

[Anonymous]

Anonymous wrote:Dartmouth is definitely more well-known in Wall Street. It's in the top 5 for how many students and alums work there per capita alongside HYP and Penn/Wharton. UChicago has a presence, no doubt, but Dartmouth has a huge alumni base there. Getting a job in Wall Street is all about connections.

This is true, i have been on WS for decades. For wall street and elite business in general Dartmouth is the most targeted place after HYP and Penn. All the ivies are top targets tbh. The only non-ivies that are similarly targeted are Stanford, MIT and Duke, but at Stanford and MIT the interests for these jobs is more limited.

[Anonymous]

FWIW, here is info about UChicago outcomes for class of 2016:

http://collegeadmissions.uchicago.edu/sites/default/files/uploads/pdfs/uchicago-class-of-2016-outcomes.pdf

[Anonymous]

Good outcomes especially considering it wasn't until the class of 2019 that they started to really attract a lot of kids who would have Wall street aspirations. Lots of econ majors on uChicago's improved campus.

[Anonymous]

Anonymous wrote:Douche=Dartmouth. Not-a-douche=Chicago.

Well aren't you clever.

It's worth noting that the Dartmouth alumni network is extremely active which definitely helps in recruiting. I'm not sure about UC but I'd look at alumni donor participation rate as a good proxy.

[Anonymous]

Anonymous wrote:Douche=Dartmouth. Not-a-douche=Chicago.

There are plenty of dbags at Chicago too, it is just a different kind: intellectual snobs who are insufferably pompous, socially awkward and think they are way smarter than they actually are

The Dartmouth dbags are fun and cool at least

[Anonymous]

Chicago ED

[Anonymous]

Anonymous wrote:

Anonymous wrote:Douche=Dartmouth. Not-a-douche=Chicago.

There are plenty of dbags at Chicago too, it is just a different kind: intellectual snobs who are insufferably pompous, socially awkward and think they are way smarter than they actually are

The Dartmouth dbags are fun and cool at least

Guess who didn't get into Chicago.

[Anonymous]

Anonymous wrote:Chicago ED

This is the only way anyone should apply to Chicago. Otherwise save your time/money/effort.

[Anonymous]

Anonymous wrote:WS? Ugh

It’s one thing when people go to WS because they can’t think of anything better to do but it’s kind of gross to see teens planning for it and parents encouraging it.[b]

And this is coming from someone whose H worked on WS for a long time btw. It’s not a nice or pleasant industry.

+1 -- I have two sibs who work/ed on WS at top Ibanks. Both would say the best thing about it is being able to retire and never see the people they worked with again.

[Anonymous]

What are the people like that it's so miserable?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Douche=Dartmouth. Not-a-douche=Chicago.

There are plenty of dbags at Chicago too, it is just a different kind: intellectual snobs who are insufferably pompous, socially awkward and think they are way smarter than they actually are

The Dartmouth dbags are fun and cool at least

I love that people think Chicago in 2017 is the Chicago of the 80s and 90s. Chicago is now full of soulless grubby tiger cubs who go there because Chicago shamelessly pursued a higher US News ranking.