Reply to How is every last kid going into Investment Banking?

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[quote=Anonymous][quote=Anonymous]There are many levels of investment banking. I worked in real estate investing banking. I was a poor Asian immigrant. Lots of unhooked kids get into finance from a top school. I went to Harvard. I knew tons of unhooked kids from Harvard, MIT, Cornell, Columbia, Penn, NYU, etc. I don’t remember nepo kids. The people I knew were all qualified. Of course some of those qualified people had parents who were up there but that is not why someone was hired.

We did have interns and entry level kids who were nepo kids as I became more senior.[/quote]

That was my son’s experience at Columbia.  The economically disadvantaged kids going into finance have an insane drive.  He came from a fairly comfortable upbringing (public HS but won’t have loans etc).  Many kids are looking at their career as a way of supporting themselves and their parents/siblings.  They have a sense of responsibility and they carry a weight that makes the whole college experience for them something very different than the norm for most of us.  It’s a hyper competitive environment that has caused my son to rethink what he wants to do and whether he needs all of that.  [/quote]

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