Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Walk Street values brainpower and intellect above all else because that alone gives the firm “the edge” to make money. If a mediocre, over-prepped and over-tutored legacy from, say Yale, even makes it past the first interview, he will definitely not get past the second. They will sniff him out and see that there is no there there. Wall Street likes super smart, ambitious and often scrappy. These days they recruit engineering, math and cs majors way more than history and econ majors from Ivy/top schools. I can think of no successful hedge fund, private equity or investment bank head who is an Ivy legacy. Ivy definitely yes, Ivy legacy no. Your frame of reference is way out of date.

You guys act like the stats of legacies are much lower than non legacies. We're talking about 1450 vs 1500 here. I can see why these firms aren't ethnically diverse.

There's a reason these kids' parents went to Ivies. They're smart. And their kids are smart. Yes, it's genetic. Being born to rich, smart, white parents doesn't make you stupid, in fact, chances are, it makes you smart, hard-working, and driven, for the most part. Hate to break it to all of you.

Lots of smart people in the world. Let everyone compete equally. Kill legacy admissions.

Tradition and history matter to these colleges. Of course financially, but beyond that as well. Sorry if you don't understand that. They are part of what makes them special and desired institutions in the first place.

Anonymous wrote:

Anonymous wrote:Sidwell decisions list on IG is looking excellent now!

Not as good as WIS.

Anonymous wrote:Sidwell decisions list on IG is looking excellent now!

Anonymous wrote:

This is now complete outdated. With the new criteria post covid woke-ism era, every internship has to demonstrate that it is NOT elitist. This means the benefits from attending an elite institution going forward are greatly diminished.

You're an idiot. Applications are at an all time high yields are also high as more kids apply ED and acceptance rates for most elite schools are below 15%.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Walk Street values brainpower and intellect above all else because that alone gives the firm “the edge” to make money. If a mediocre, over-prepped and over-tutored legacy from, say Yale, even makes it past the first interview, he will definitely not get past the second. They will sniff him out and see that there is no there there. Wall Street likes super smart, ambitious and often scrappy. These days they recruit engineering, math and cs majors way more than history and econ majors from Ivy/top schools. I can think of no successful hedge fund, private equity or investment bank head who is an Ivy legacy. Ivy definitely yes, Ivy legacy no. Your frame of reference is way out of date.

You guys act like the stats of legacies are much lower than non legacies. We're talking about 1450 vs 1500 here. I can see why these firms aren't ethnically diverse.

There's a reason these kids' parents went to Ivies. They're smart. And their kids are smart. Yes, it's genetic. Being born to rich, smart, white parents doesn't make you stupid, in fact, chances are, it makes you smart, hard-working, and driven, for the most part. Hate to break it to all of you.

Lots of smart people in the world. Let everyone compete equally. Kill legacy admissions.

Tradition and history matter to these colleges. Of course financially, but beyond that as well. Sorry if you don't understand that. They are part of what makes them special and desired institutions in the first place.

Ha ha. I have seen self serving — but this takes the cake. “Tradition and History” should not enable persistency of (undeserved) privilege. Surely you understand that.

Let everyone compete equally — what could be more American than that?

Why so scared?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Walk Street values brainpower and intellect above all else because that alone gives the firm “the edge” to make money. If a mediocre, over-prepped and over-tutored legacy from, say Yale, even makes it past the first interview, he will definitely not get past the second. They will sniff him out and see that there is no there there. Wall Street likes super smart, ambitious and often scrappy. These days they recruit engineering, math and cs majors way more than history and econ majors from Ivy/top schools. I can think of no successful hedge fund, private equity or investment bank head who is an Ivy legacy. Ivy definitely yes, Ivy legacy no. Your frame of reference is way out of date.

You guys act like the stats of legacies are much lower than non legacies. We're talking about 1450 vs 1500 here. I can see why these firms aren't ethnically diverse.

There's a reason these kids' parents went to Ivies. They're smart. And their kids are smart. Yes, it's genetic. Being born to rich, smart, white parents doesn't make you stupid, in fact, chances are, it makes you smart, hard-working, and driven, for the most part. Hate to break it to all of you.

Lots of smart people in the world. Let everyone compete equally. Kill legacy admissions.

Tradition and history matter to these colleges. Of course financially, but beyond that as well. Sorry if you don't understand that. They are part of what makes them special and desired institutions in the first place.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Walk Street values brainpower and intellect above all else because that alone gives the firm “the edge” to make money. If a mediocre, over-prepped and over-tutored legacy from, say Yale, even makes it past the first interview, he will definitely not get past the second. They will sniff him out and see that there is no there there. Wall Street likes super smart, ambitious and often scrappy. These days they recruit engineering, math and cs majors way more than history and econ majors from Ivy/top schools. I can think of no successful hedge fund, private equity or investment bank head who is an Ivy legacy. Ivy definitely yes, Ivy legacy no. Your frame of reference is way out of date.

You guys act like the stats of legacies are much lower than non legacies. We're talking about 1450 vs 1500 here. I can see why these firms aren't ethnically diverse.

There's a reason these kids' parents went to Ivies. They're smart. And their kids are smart. Yes, it's genetic. Being born to rich, smart, white parents doesn't make you stupid, in fact, chances are, it makes you smart, hard-working, and driven, for the most part. Hate to break it to all of you.

Lots of smart people in the world. Let everyone compete equally. Kill legacy admissions.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Walk Street values brainpower and intellect above all else because that alone gives the firm “the edge” to make money. If a mediocre, over-prepped and over-tutored legacy from, say Yale, even makes it past the first interview, he will definitely not get past the second. They will sniff him out and see that there is no there there. Wall Street likes super smart, ambitious and often scrappy. These days they recruit engineering, math and cs majors way more than history and econ majors from Ivy/top schools. I can think of no successful hedge fund, private equity or investment bank head who is an Ivy legacy. Ivy definitely yes, Ivy legacy no. Your frame of reference is way out of date.

You guys act like the stats of legacies are much lower than non legacies. We're talking about 1450 vs 1500 here. I can see why these firms aren't ethnically diverse.

There's a reason these kids' parents went to Ivies. They're smart. And their kids are smart. Yes, it's genetic. Being born to rich, smart, white parents doesn't make you stupid, in fact, chances are, it makes you smart, hard-working, and driven, for the most part. Hate to break it to all of you.

Anonymous wrote:Sidwell decisions list on IG is looking excellent now!

Anonymous wrote:

Anonymous wrote:Walk Street values brainpower and intellect above all else because that alone gives the firm “the edge” to make money. If a mediocre, over-prepped and over-tutored legacy from, say Yale, even makes it past the first interview, he will definitely not get past the second. They will sniff him out and see that there is no there there. Wall Street likes super smart, ambitious and often scrappy. These days they recruit engineering, math and cs majors way more than history and econ majors from Ivy/top schools. I can think of no successful hedge fund, private equity or investment bank head who is an Ivy legacy. Ivy definitely yes, Ivy legacy no. Your frame of reference is way out of date.

You guys act like the stats of legacies are much lower than non legacies. We're talking about 1450 vs 1500 here. I can see why these firms aren't ethnically diverse.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Legacy these days actually backfires in interviews with Wall Street investment banks and private equity when they discover the candidate got into, say Yale, via legacy preference. It sort of delegitimizes the candidate. Very different from even 10 years ago.

I find this hard to believe this. Wall Street lives and thrives on connections to the elite.

I had an internship with Morgan Stanley in NYC the summer after junior year. Every single kid in the program bar one (29 of 30) was from the Ivy league or MIT; fully half were from Wharton. I can't tell you whether they were screening out legacy preferences as where our parents went to school was thankfully not a big topic of conversation, but it seems very unlikely & several people were clearly from old money. What I can tell you is that there was only 1 kid not from an Ivy league school, so they clearly weren't screening in anyone else...

When was this?

This is now complete outdated. With the new criteria post covid woke-ism era, every internship has to demonstrate that it is NOT elitist. This means the benefits from attending an elite institution going forward are greatly diminished.

This is now complete outdated. With the new criteria post covid woke-ism era, every internship has to demonstrate that it is NOT elitist. This means the benefits from attending an elite institution going forward are greatly diminished.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Legacy these days actually backfires in interviews with Wall Street investment banks and private equity when they discover the candidate got into, say Yale, via legacy preference. It sort of delegitimizes the candidate. Very different from even 10 years ago.

I find this hard to believe this. Wall Street lives and thrives on connections to the elite.

I had an internship with Morgan Stanley in NYC the summer after junior year. Every single kid in the program bar one (29 of 30) was from the Ivy league or MIT; fully half were from Wharton. I can't tell you whether they were screening out legacy preferences as where our parents went to school was thankfully not a big topic of conversation, but it seems very unlikely & several people were clearly from old money. What I can tell you is that there was only 1 kid not from an Ivy league school, so they clearly weren't screening in anyone else...

When was this?