Reply to Wall Street Placement 2024 update

Forum Index » College and University Discussion

Reply to "Wall Street Placement 2024 update"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm surprised by MIT. I thought they'd have a higher percentage of students going to quants. But perhaps this table doesn't measure that. Or perhaps MIT students are more interesting.

Also, I remain struck by how antiquated Wall Street recruiting remains. Like they're stuck in the 90s when the best and brightest did actually go to Harvard and Yale. That's a long time ago. Genuine talent is found at a much broader spectrum of schools these days. It seems like on Wall Street there is still only The Path. Clearly, a very change averse industry. [/quote]

I dont think top kids from MIT are going to or even want to go to traditional Wall Street firms. The most well paid internships are at quant firms where kids need to really know math and CS well to perform in interviews. Also, the days when IB paid very lucratively are over so i would not even encourage my kid to pursue that. We live in NY and have worked in finance for many years. [/quote]

Ok — you think quant people become MDs. They don’t — the relationship people do. Quant away, but there is always another younger math person, client connections are what drive Wall Street. Not quants. But they have a place.[/quote]

You obviously dont know what I am talking about. My kid is not applying to Investment banks because he wants to work at Jane Street or Hudson River Trading. These kids are getting paid $75K to $100k for the summer.  These jobs are not really for jocks because you do need to "quant away" to be successful and believe me these firms are not looking for smooth talkers.[b] Investment banking jobs are no longer the target of top kids. [/b][/quote]

This is what my kids and their friends have said, that IB is more of a backup from the their ivy/plus schools. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics