Reply to YCBK - kids being funneled into IB and consulting

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[quote=Anonymous][quote=Anonymous]anyone listen to this interview on YCBK about kids in top school like HYPSM going off into IB or consulting, which isn't news to me. But he's saying more than half the grads go into this now. How is that even possible. Considering there are many kids graduating in bio or chem or engineering or gender studies or French or English lit.

I realize you dont have to be a finance major, but more than HALF these kids are going into consulting? [/quote]

Yes it is over half the grads at most of the ivies, Stanford, Duke, but that means half the grads go into the job market right after undergrad! 
-At ivies/similar, between 1/5 and 1/3 are premed, even if they take a gap year they do not apply for consulting or IBfor the gap. 
-Another 1/5 and rising every year are the law school applicants who take a year off more commonly than the premeds but typically do not do IB or consulting in that year because that is not what law schools look for. 
-Some humanities majors want phD or masters: at ivies funneling into phd or top masters (other T10/ivies)is quite common after undergraduate: this group is not going into the job market, do not apply for consulting unless grad school falls through. 
-Among Engineers/CS about half the grads at these places want PhD (or one of the fully-funded masters in engineering options). The rest are very likely to go into tech consulting, thus consulting is a very common non-grad-school outcome there too, often as a bridge to jumpstart their own idea for startups. Its just the culture at these places:

In other words it is probably more half the grads that do consulting/IB, [i]of the half that look for jobs[/i]! Only about 25-30% overall. NBD, not new or concerning, and why not? These students if not destined for PhD MD JD are some of the top minds. Of course top companies hire them preferentially and of course they seek it, it's a huge resume boost to have MBB, Citadel, JS, et al on your short sheet.
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