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]
"Local elites" still control this country once you get outside the 5-7 largest metro areas. And that's where frat boys thrive - mortgage banking, commercial RE, regional law firms, sales jobs, etc.

It's all about where you play golf, who knew in Sigma Nu, which Big 10 team you supporter, etc. Guys in company branded polo shirts sitting in domestic 1st class on the flight from Chicago to Des Moines. [/quote]

This is accurate.  I played D1 golf at a SEC school and play golf with people in the office where I work.  We had a company retreat at a golf country club and I beat everyone in golf, including the CEO.  He was so impressed that he invited me to play with him regularly at Congressional CC.  I also play regularly with the CFO at Riverbend CC in Great Falls as an invited guest.  I recently got promoted to VP position not because I am better than other candidates but because they know me better on a personal level.  It is all about networking and relationship.  You are kidding yourself if you think otherwise.[/quote]

A version of this happens at top hedge funds as well. My nephew is an excellent chess and poker player. The firm had a poker tournament where is came first and he was put on the top performing team. Lot of firms like these love the chess and poker players.[/quote]

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