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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Really frustrates me as DS is very hard working and going into senior year at Bucknell. Many of his classmates with loaded parents with connections on Wall Street have gotten their kids internships for the summer at companies like JP Morgan, Morgan Stanley, even Goldman Sachs. Kid feels discouraged. He has a 3.8 gpa, good extracurriculars but got shunned away in favor of kids whose dad golfs with the vp of wealth management and has a 3.0 gpa and subpar involvement in college besides frats. It makes me feel like I'm wasting my money on bucknell as these schools only pay off if you have prior family wealth and connections to launch your career in investment banking and finance. Also, how are these kids who barely ut the work in during the school year manage to work these long, long hours in these internships? Are these repo babies given a pass if daddy is there at work today supervising? [/quote]

The problem is your son didn’t understand the point of attending Bucknell…it’s not to get a 3.8 (but that’s great)…it’s to become friends with the rich kids you lament…and get hooked up with a job.[/quote]

Yep. Networking. Frats are one of the best ways in a campus environment to do it.[/quote]

Frats are so yesterday.  Frats are a huge negative signal these days because of the adverse self selection involved — mediocre, unethical and misogynistic.  The 3.9 - 4.0 introverted physics CS guy (or gal) from an Ivy will get hired over the pumped up, non substantive frat guy majoring in finance who has very little to offer, every time.  Idiots who indicate frat membership or god forbid frat leadership on their LinkedIn have no clue, imho. It’s bizarre to me that people still believe this about frats.  — someone very close to the action on this.[/quote]

You must not be on LinkedIn.

#clueless [/quote]

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