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]What is your DD doing this summer? Just make sure he has some summer work experience.  It doesn’t need to be an internship.

The Wall Street firms recruit for graduates at certain schools and Bucknell is one (along with T15s, always struck me as odd but it’s true).  If he has consistent and interesting work experience (even if not a financial internship) he will be selected to interview. I worked in a bagel shop (distribution office), as an assistant to an interior designer, and in a hospital billing office and got selected for the most interviews in my graduating class and ended up on Wall Street.

Alongside these jobs, have your DS visit the career services office and befriend the main counselor.  Ask that person for advice on what he should be doing, mock interviews, resume review, whatever.  Too often students ignore the career services staff and they are resources and can tip students off if an internship or job listing is coming. Plus they are a great resource post graduation as well.  Build and maintain that relationship.

And yes, network with alumni.  Career services should have a list. Your son should email the ones working in places he’d want to work asking for informational interviews.  Do that this summer and it can help for next summer.  Meetings now can be by zoom which makes things so much more easier.  If he doesn’t know what to ask in an info interview, again that’s advice he can ask career services for.

And don’t stress if he doesn’t get a job at a brand name place.  Sometimes it’s the smaller, lesser known forms that are higher growth and where a new hire actually can learn more.

If he’s truly interested in finance, he can also  do almost anything for a couple of years post college grad, and then apply to business school and get a second chance.

Or, maybe he takes a job in operations or compliance.  Not as sexy as I-banking or trading analyst program but for a long term career can be just as lucrative and smart people in these roles are always in demand.

And forget about your resentment of those connected people. Yes, there will be kids with connections that will seemingly navigate easily through life.  But you can’t change that and plus you don’t know them and perhaps they have other struggles you don’t know about.

I’m 50 and have worked in finance through my career.  I have seen that life is long and there are many paths to success.  Missing out on an internship one summer is not a problem.  But it’s how your son reacts and refocuses that will make the difference.

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