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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Legacy these days actually backfires in interviews with Wall Street investment banks and private equity when they discover the candidate got into, say Yale, via legacy preference.  It sort of delegitimizes the candidate.  Very different from even 10 years ago.[/quote]

I find this hard to believe this. Wall Street lives and thrives on connections to the elite. [/quote]

I had an internship with Morgan Stanley in NYC the summer after junior year. Every single kid in the program bar one (29 of 30) was from the Ivy league or MIT; fully half were from Wharton. I can't tell you whether they were screening out legacy preferences as where our parents went to school was thankfully not a big topic of conversation, but it seems very unlikely & several people were clearly from old money. What I can tell you is that there was only 1 kid not from an Ivy league school, so they clearly weren't screening in anyone else...[/quote]

I believe you.  Not that it matters that much, but where did the non-Ivy intern go to school?[/quote]

Not the OP, but had a nearly identical experience.All but one from Ivy/Stanford/MIT. The one non-Ivy was an engineering undergrad (non-US) with an MBA from Penn State.[/quote]

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