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]

My DS is almost guaranteed an IB internship in ‘24 because his BFF is a frat bro and the frat bro’s dad is holds a senior position at the company.  [/quote]

What happens in a scenario like this? Do they still need to do all the interview rounds and compete with other candidates or is it really a back door? What does your DS’ friend’s dad tell HR at his company?[/quote]

When I did IB we interviewed them like anyone else, but the recruiter had to call the dad if he or she wasn’t accepted into the program. I remember cutting some dude with a senior dad and being told this.

Really though someone won’t continue to make it through a program like this if they can’t cut it.  Their VP won’t care who their dad is if they can’t stay late and do the boring work.  [/quote]

Not true.  I work for several IBs and I have to hire interns every year because the order come directly immediately supervisor, and his boss has to report to an EVP who is friend with another EVP that the interns have relationships with.  You might be showing the door if you reject that candidate.  HR can’t do anything either because they will not go against the recommendation of the departments who do the hiring.[/quote]

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