Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Agree it is how the world works. But I also might be hesitant to put my neck out if you think the nephew can't cut it or would somehow be embarrassing. Also depends what position your husband is in.
I'm at a private mid-sized firm and in a position to make hiring moves but would not hire most of my family members because I think they ultimately would not do a good job. The guy who owns our firm, however, has hired a few lackluster family members and family friends, who have either been let go or continue to be a bit of a drain, but I guess that doesn't really matter since it's his company.
This is what I mean. He didn’t stick his neck out for the families we know. My nephew on the other hand is not graduating with any honors, his summer jobs have nothing to do with finance, and he barely speaks to my husband. The time to ask was probably four years ago for an internship, not a couple of months before he graduates asking for a full time six figure job offer.
He demanded a six figure job? Or to pass his resume along for positions he may be qualified for?
Investment banking, sales and trading, private equity, venture capital, etc. go to the tip top students with perfect resumes and all pay six figures to start after bonus.
I went to an Ivy and the jobs all seemed to go to students with elite high school and tip top grades in random majors like Russian Lit and history — hardly relevant to finance. Is it more having a certain carriage and pedigree to assure clients that the “right” analysts are working there?
Nephew is graduating from Duke.
Did any of your Ivy League classmates wake up in Feb or March of their senior year and with no relevant experience and decide to become investment bankers? He does not have great grades and has no relevant experience. I don’t think he nor my sister and brother in law understand the field, they just know it can pay a lot of money. It is my understanding it pays a lot of money to brilliant students who worked exceptionally hard for four years crafting a business perfect resume.
My husband had all As and worked every summer. That was over 25 years ago. It’s even more competitive now.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Agree it is how the world works. But I also might be hesitant to put my neck out if you think the nephew can't cut it or would somehow be embarrassing. Also depends what position your husband is in.
I'm at a private mid-sized firm and in a position to make hiring moves but would not hire most of my family members because I think they ultimately would not do a good job. The guy who owns our firm, however, has hired a few lackluster family members and family friends, who have either been let go or continue to be a bit of a drain, but I guess that doesn't really matter since it's his company.
This is what I mean. He didn’t stick his neck out for the families we know. My nephew on the other hand is not graduating with any honors, his summer jobs have nothing to do with finance, and he barely speaks to my husband. The time to ask was probably four years ago for an internship, not a couple of months before he graduates asking for a full time six figure job offer.
He demanded a six figure job? Or to pass his resume along for positions he may be qualified for?
Investment banking, sales and trading, private equity, venture capital, etc. go to the tip top students with perfect resumes and all pay six figures to start after bonus.
I went to an Ivy and the jobs all seemed to go to students with elite high school and tip top grades in random majors like Russian Lit and history — hardly relevant to finance. Is it more having a certain carriage and pedigree to assure clients that the “right” analysts are working there?
Nephew is graduating from Duke.
Did any of your Ivy League classmates wake up in Feb or March of their senior year and with no relevant experience and decide to become investment bankers? He does not have great grades and has no relevant experience. I don’t think he nor my sister and brother in law understand the field, they just know it can pay a lot of money. It is my understanding it pays a lot of money to brilliant students who worked exceptionally hard for four years crafting a business perfect resume.
My husband had all As and worked every summer. That was over 25 years ago. It’s even more competitive now.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Let your husband decide. If he's already helped nobody's, he absolutely should help family. What's your actual problem?
I feel super uncomfortable asking my husband to help an unqualified in-law get a job he does not deserve. We’re not talking about an internship to a teenager, he is a graduating senior. They want me to have my husband hand a nephew he hardly knows a highly prestigious job that pays two if not three times more than he’s qualified to get on his own.
OP you dumba**, even those top-tier financial institutions have entry-level roles in operations or compliance that pay fairly well and are less competitive than the IB roles. How do you know your nephew is not qualified?
Also, no IB analyst gets the job based on their Bloomberg or Excel qualifications. WTF.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Agree it is how the world works. But I also might be hesitant to put my neck out if you think the nephew can't cut it or would somehow be embarrassing. Also depends what position your husband is in.
I'm at a private mid-sized firm and in a position to make hiring moves but would not hire most of my family members because I think they ultimately would not do a good job. The guy who owns our firm, however, has hired a few lackluster family members and family friends, who have either been let go or continue to be a bit of a drain, but I guess that doesn't really matter since it's his company.
This is what I mean. He didn’t stick his neck out for the families we know. My nephew on the other hand is not graduating with any honors, his summer jobs have nothing to do with finance, and he barely speaks to my husband. The time to ask was probably four years ago for an internship, not a couple of months before he graduates asking for a full time six figure job offer.
He demanded a six figure job? Or to pass his resume along for positions he may be qualified for?
Investment banking, sales and trading, private equity, venture capital, etc. go to the tip top students with perfect resumes and all pay six figures to start after bonus.
I went to an Ivy and the jobs all seemed to go to students with elite high school and tip top grades in random majors like Russian Lit and history — hardly relevant to finance. Is it more having a certain carriage and pedigree to assure clients that the “right” analysts are working there?
Anonymous wrote:I feel like sometimes kids form middle or working class families do not know how to navigate the professional world. it is not like that is taught in school - skills sure - but networking, interviewing, and other soft skills aren't taught.
Parents who never went to college have a hard time helping kids go to college because they never did it. this is the same time.
My daughter is totally into Tennis. I know nothing about tennis. It isn't easy to navigate the tennis culture/coaches/gear because I know nothing. it is the same thing.
Anonymous wrote:All you people acting indignant that OP doesn’t want to do nepotism are ridiculous. Maybe nephew should have put in a bit of effort in reaching out/asking about internships/showing any interest at all.
Anonymous wrote:Why isn’t the nephew asking for help instead of his mother and father?
Anonymous wrote:I can’t believe everyone is going on about how nepotism is good. I encourage the nephew to have a chat with his uncle about his goals and resume — if uncle thinks the kid is a good fit for entry level jobs at his company, yay; if not the nephew will get good feedback on his resume and interview techniques. That’s more than enough.
Anonymous wrote:Pass. Tell him to get a job based on merit.
Anonymous wrote:Anonymous wrote:Let your husband decide. If he's already helped nobody's, he absolutely should help family. What's your actual problem?
I feel super uncomfortable asking my husband to help an unqualified in-law get a job he does not deserve. We’re not talking about an internship to a teenager, he is a graduating senior. They want me to have my husband hand a nephew he hardly knows a highly prestigious job that pays two if not three times more than he’s qualified to get on his own.