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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]Lots of the summer associates are those whose parents have significant assets at the bank. One of my friends did a summer gig at GS in NYC and one of his colleagues was a young woman from China whose parents are billionaires. She didn't really do any work, just took lots of meetings with various people in the bank. He said she went out to Michelin starred lunches 2-3x per week. The only point of her internship was so she could put GS on her resume, before returning to China to eventually work in the family company. Lots of that happening with summer associate jobs. It's a perk for big accounts, where the bank is trying to keep the relationship going with the future leaders of the company. It's a really good strategy, imho.[/quote]
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