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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If a kid who really wants to be those things but didn't get the grades AT AGE 16 that they needed to get to one of the colleges you are saying 'matters', they absolutely can turn it around at whatever college they go to and make it happen. [/quote]

I banking starting out at a second of third tier college requires a lot of nepotism or luck.  [/quote]

That can be true in the short term for analysts but associates are hired based on business school they attended and so a kid can go to any college, join peace corps or teach America and then apply to business school and has a solid chance at a name bschool if can make a good case for why now they want to do business.

Or, looking even father out.  Eventually those associates age out and need be promoted into management roles (or leave).  And since there are much few I-banking management spots so many wind up competing against those that came up through compliance and ops (where the undergrad school pedigree is not a thing) for other management roles.

I work in finance and although I went to an Ivy League college and absolutely would not have been hired as an analyst otherwise, my colleagues now went to all sorts of schools.

Life is long! [/quote]

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