Art history major and wall street

[Anonymous]

Wow so private banking is like one step away from ….?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes yes yes.
But only at HYPSM or Williams.

If you're in 1970.

100%. People still clinging to the idea that you can waltz into a job with an ivy degree are so behind the times. A state school kid with solid grades and real world experience (internships) will trump a kid from any ivy who just got the degree.

[Anonymous]

Anonymous wrote:Wow so private banking is like one step away from ….?

No M&A, no deals, no dealing with the leadership at companies. Instead, you are a money manager and personal banker for people with above a certain net worth. It is basically being a financial planner or personal banker for people above a certain asset level. You manage their investments but also do things like get them large loans for properties they are buying or taking out large loans against their assets.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nope without strong connections - former IB here. However, if you are a tall, slim/athletic woman with blonde hair and blue eyes, you will have a great shot at private banking, which is lucrative and has better hours.

So do they just learn on the job? How do we know that Art History translates to being very good at the nuances of banking and VC?

Private banking isn't technical like ibanking or consulting, but it also has far less exit options.

[Anonymous]

I'm a private banker. Banking for money.

-T Turner

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nope without strong connections - former IB here. However, if you are a tall, slim/athletic woman with blonde hair and blue eyes, you will have a great shot at private banking, which is lucrative and has better hours.

Either that or a polished non-blonde International student who speaks certain languages, given the amount of Private Banking/ultra high net worth clients nowadays in NYC that accumulated their money overseas.

I'm not an International student or rich. Also not blonde or tall.

But I got private banking interviews and offers at a good school with a sociology major. I think the draw is that I have some skills in two languages that were in demand in private banking when I interviewed, and are probably even more in demand now. As the PP pointed out, the ultra high net worth and the people scooping up expensive houses in the US and things like that (where they need private bankers) are increasingly not American-born.

[Anonymous]

it's nuanced.

clubs matter as much as majors now. more at some schools.

people still clinging to the idea that you can waltz into a job with a x degree are behind the times.

a philosophy major at Yale who is in YSIG or YUDI (investment club) or YUCG (consulting) will have a summer internship anywhere they want sophomore year summer and will have a job offer by end of junior year.

but! there are 25-30 kids per grade who are in those clubs in total. can a philosophy major get into those clubs. 100% yes. A lot of it is poise. They love the very smart, the very polished. They have McKinsey-style interviews.

This is why the club culture is misunderstood by a lot parents. They say, who cares! Just join the mock trial team instead! Or do a club sport - make connections. But these clubs are important for the kids gunning for these $$$ jobs.

[Anonymous]

Anonymous wrote:it's nuanced.

clubs matter as much as majors now. more at some schools.

people still clinging to the idea that you can waltz into a job with a x degree are behind the times.

a philosophy major at Yale who is in YSIG or YUDI (investment club) or YUCG (consulting) will have a summer internship anywhere they want sophomore year summer and will have a job offer by end of junior year.

but! there are 25-30 kids per grade who are in those clubs in total. can a philosophy major get into those clubs. 100% yes. A lot of it is poise. They love the very smart, the very polished. They have McKinsey-style interviews.

This is why the club culture is misunderstood by a lot parents. They say, who cares! Just join the mock trial team instead! Or do a club sport - make connections. But these clubs are important for the kids gunning for these $$$ jobs.

The mock trial team is also a pre-professional club for people looking at litigation careers. It won't help you get into law school, but it's still a pre-professional club to help you assess if litigation is for you.

The consulting and investment club kids at my alma mater (I volunteered as an alumni advisor for one, so I'm familiar, and I observed those presentations and interviews you talk about) don't really include any philosophy major types, from what I saw. If you are the type to spend all this time trying out for the consulting and investment club as a freshman or sophomore, you also are probably the type to carefully research your major and pick the one with the best chances of success in this process.

[Anonymous]

Not art history but my niece did Latin at Princeton and landed an IB internship and full time job offer.

[Anonymous]

I dont want to out any kid but I know a philosophy major at Yale who has one of the 30k summer internships at Jane Street. Via YSIG. There are no outside advisors there. It's all yale faculty.

1000+ kids apply and they take 12 kids a year. Yes, there are all kinds of majors. At places like HYP, there are kids majoring in history who also had a start up in HS. It's unusual, but those are the 12 out of 1000. certain frat membership can help a little too. it's college.

[Anonymous]

Anonymous wrote:it's nuanced.

clubs matter as much as majors now. more at some schools.

people still clinging to the idea that you can waltz into a job with a x degree are behind the times.

a philosophy major at Yale who is in YSIG or YUDI (investment club) or YUCG (consulting) will have a summer internship anywhere they want sophomore year summer and will have a job offer by end of junior year.

but! there are 25-30 kids per grade who are in those clubs in total. can a philosophy major get into those clubs. 100% yes. A lot of it is poise. They love the very smart, the very polished. They have McKinsey-style interviews.

This is why the club culture is misunderstood by a lot parents. They say, who cares! Just join the mock trial team instead! Or do a club sport - make connections. But these clubs are important for the kids gunning for these $$$ jobs.

Which is why a NESCAC is a better route than an Ivy for many people. Club culture doesn’t dominate, on-site recruiting is plentiful, and the alumni network is tight. Downside is that athletes are often preferred.

[Anonymous]

Anonymous wrote:I was an art history major from a state college (not the flagship one), and I got into management consulting!

But which of those do you actually enjoy/care about?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I was an art history major from a state college (not the flagship one), and I got into management consulting!

But which of those do you actually enjoy/care about?

There's also a LOT of "management consulting" firms out there. Is it a MBB? Or is it like the consulting arm of a Big 4? Or a smaller random firm?

[Anonymous]

Anonymous wrote:I'm a private banker. Banking for money.

-T Turner

Best post.