Reply to How are these nepo babies in these summer finance internships able to keep up with the work

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[quote=Anonymous][quote=Anonymous]Really frustrates me as DS is very hard working and going into senior year at Bucknell. Many of his classmates with loaded parents with connections on Wall Street have gotten their kids internships for the summer at companies like JP Morgan, Morgan Stanley, even Goldman Sachs. Kid feels discouraged. He has a 3.8 gpa, good extracurriculars but got shunned away in favor of kids whose dad golfs with the vp of wealth management and has a 3.0 gpa and subpar involvement in college besides frats. It makes me feel like I'm wasting my money on bucknell as these schools only pay off if you have prior family wealth and connections to launch your career in investment banking and finance. Also, how are these kids who barely ut the work in during the school year manage to work these long, long hours in these internships? Are these repo babies given a pass if daddy is there at work today supervising? [/quote]

First of all - an internship does not mean they get a job. They have to prove themselves and be a good fit to get an offer especially in today's climate. So they may or may not get a job offer at end of year.

Advice to you is have your son keep trying and trying but keep door open to other things. He can get to where he wants to go via other avenues. I promise. My son does have an investment banking internship at a prestigious place but an offer is not guaranteed. We will see how it goes. I do know of others that are in IB now that came into it many different paths. Have him try to get into an internship that is considered maybe less competitive. Some have openings I am sure. Good luck. Keep encouraging him and do not feed off his negativity. Be positive and encourage him. This is a lesson to not be bitter in a world that seems unfair. There is room for all. I am sure he is a great kid and he will get something even if it is not on the timeline he anticipated. [/quote]

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