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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Business and consulting clubs at many colleges have a lengthy application period that involves coffee chats, interviews, etc.  Applicants are cut over 3-5 days leading to an overall acceptance rate of 2-5%.

They can help with recruitment because they're generally chapters of national organizations and have pipelines to people in NYC and/or bring in hiring managers to talk to members.  Many also manage funds of 500K or several million or have a book of local consulting clients so give practical experience and are difficult to replicate by someone who wants to start their own club.
 [/quote]

And I'm not saying that this is great. I think it all sort of stinks.  Just trying to explain how it works from someone who's kid went through it this year as a freshman.[/quote]

As one who works on Wall Street I hate it, but I stand alone. I would rather take a smart, ambitious, down-to-earth kid who had a normal college experience and teach them then have them spend half their time in college sucking up, learning financial models, and wearing suits. But unfortunately many other financial firms feel otherwise.[/quote]

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