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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] Ace Greenberg, who was the CEO of Bear Stearns, said that he liked to hire kids who are “PSD” - Poor, Smart and Desperate- because he knew they would be the most hard working.[/quote]
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