Reply to Any Ivy graduates here? Ivy League graduate son in a funk, humuliated, & remains jobless

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[quote=Anonymous][quote=Anonymous]Some of the comments are amusing. People really, greatly, hugely, exaggerate the ability of a mere Ivy degree to get you a great job. An Ivy degree can make recruiters and hiring managers look more closely at your resume but that's it. There are plenty of Ivy grads who get nowhere. There's no quotas set aside for Ivy grads at premier investment firms and [b]IB isn't what it was 20 years ago either. [/b]Yes, the bright kids go on to great things but they proactively made it happen rather than waiting for it to happen. The "networking" is nothing like what some people on here might want to believe. It barely exists. If anything, it's better at UVA than Columbia.

OP, the good news is that your son has a few years to figure out his life. The bad news is that he only has a few years. The next few years really are critical to his long term success. The risk is that he squanders those years ambling around without discipline. He needs to think long and hard about what he'd like to do with his life, study career options and think about which ones appeal to him. A decent way forward may be for him to get one of those BUNAC visas and work in the UK for a year, even in a pub, just to get out of the house into a different country. He can think of it as a delayed gap year. Then during the year he reviews all sorts of graduate programs and figure out what kind of generic master's he'd like that gets him into the industry appealing to him. There's solid jobs in accounting and data management that may not be sexy but with competence and being reliable and smart at it, will get him to six figure incomes quickly and even up to 200k+ as senior managers by his early 30s if he's disciplined and strategic with job hopping.

I've noticed that kids coming out of fancy colleges who aren't already on the law/medicine/STEM phD track or recruited for investment banking or consulting are often afraid of the "dullness" of 40-50 hour week corporate jobs. They sound boring, they're not "interesting," and after being a student for so long the prospect of being chained to a desk for 40-50 hours a week can be scary. But that's adulthood. Don't delay adulthood. And working in a pub for a year is a good way to quickly develop an appreciation for the dull and boring desk job!

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The bolded is something that is not discussed enough. Wall Street for the most part is in secular decline. Especially post 2008.

Private Equity, Quant Finance, and Mergers & Acquisition are the only financial sector to pay BIG $$$$. But you need to make managing director.[/quote]

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