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[quote=Anonymous]Article in WSJ about Wall Street recruitment at top schools.

https://www.wsj.com/us-news/education/a-campus-backlash-is-brewing-over-wall-streets-ivy-league-recruitment-drive-c7e6cda9?mod=Searchresults&pos=6&page=1

Many students arrive at prestigious colleges with little idea of what an investment banker or consultant does, but roughly a third of them who enter the workforce wind up in finance or consulting jobs after graduation—and another chunk joins big technology companies.

Sociologist Amy Binder coined the term “career funneling” a decade ago to describe how schools tend to lead students down particular career paths. In a series of papers, she and other academics outlined how universities had created “corporate partnership programs,” through which companies could pay a fee in exchange for the school’s assistance in identifying top talent. “These schools,” Cieslikowski said, “are essentially selling their students’ attention to the highest bidder.”

The early stages of Binder’s latest research indicate that career funneling is happening earlier, she said. Students in some cases are joining consulting clubs in high school, and being scouted during their freshman year of college.

According to data posted on Yale’s website, around one in five members of the class of 2024 who entered the workforce reported working in finance. A Harvard Crimson survey from the spring indicated that more than half of workforce-bound members of the class of 2025 were entering careers in technology, consulting and finance—though fewer than 1% said they expected to be consultants 10 years down the line.

Top banks and consulting firms blanket campuses with recruiting events. That process can start during students’ freshman and sophomore years: A postgraduate position may necessitate a junior-year internship, and a junior-year internship may require a sophomore-year application. “If you are a freshman at Penn or you’re a freshman at Yale or a freshman at Harvard, as soon as you move into your dorm room, you might get pinged by McKinsey,” Binder said.

Around 9% of Yale’s first-year class recently applied to the Yale Undergraduate Consulting Group, the school’s largest consulting club. The group hosts office visits and exclusive events with major management-consulting firms, according to President Pol Berger Romeu. [/quote]

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