Reply to The “target school” culture is extremely toxic

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[quote=Anonymous][quote=Anonymous]One reasons that the “targets” outperform in post graduate finance outcomes, especially for the ultra-difficult to attain opportunities in HF’s and MF PE, is that they come from families with a one (and sometimes two) high level finance parents (who have been prepping their kids for HYPW from an early age). That in and of itself confers a massive networking advantage. Where you see this effect really manifest itself is the post freshman year internship, which then becomes a critical differentiator for recruiting processes that kick off in the sophomore year fall. Even within a target school, there are tiers where for a select few IB is actually a consolation prize rather than aspirational.[/quote]

+1. Don't also forget the private schools that the same kids you are referencing went to, where the finance parents of classmates become invaluable nodes. I have a kid at HYP who talks about this tailwind being particularly prominent for predicting the distribution of early internships, especially summer between freshman and sophomore year.[/quote]

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