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Reply to "Glut of Econ majors"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Williams has a business major?[/quote] No. It’s liberal arts. I posted earlier that I was an Econ major at Williams, too. No real surprise that yes, I went to Wall Street and did investment banking for years. You get involved in recruiting, particularly from your Alma mater. We did hire a ton of Econ majors. The bank I was at tracked analyst hires and, not surprisingly, liberal arts grads did very well. I remember an hr person saying they have learned how to learn. The business or accounting majors from other schools usually did worse and were more rigid in their thinking and had poorer people and presentation skills and didn’t work well with team members. Analysts all take the same crash course training all summer and learn what they need, so we wanted to hire the kids who would be great on their feet in front of clients, able to work long hours and be flexible. You can’t teach that. Often that translated into an athlete from a liberal arts school. HR had all the data as far as which hires earned which bonus (bonuses for analysts were given at 3 different amounts), which were offered 3rd year analyst jobs after the initial 2 year analyst position, which were offered associate roles after that, which burnt out and didn’t even finish the first 2 years, etc. All of this dictated which schools they recruited at, particularly for the coveted summer jobs. There’s a reason they hire so many Econ majors from Williams, Amherst, Pomona, etc. [/quote] I strongly concur with all of this.[/quote]
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