Anonymous wrote:
Probably 50% of the kids in my analyst class quit within a year. Lots of abisive personalities driving people to literally hospitalization from exhaustion (and then firing the person when the returnee to work). Telling you Friday at 6pm you need to assemble a merger pitch deck and model for a Monday 9am meeting only to come in on Monday and decide they don’t want to pitch it after all.
Maybe it’s better now…but I doubt it.
Anonymous wrote:One of the many sad parts about that article is that the rich but smart kid who wasn't burdened by a need for financial aid only got into her places where her parents were legacies (Dartmouth, UVA).
Anonymous wrote:One of the many sad parts about that article is that the rich but smart kid who wasn't burdened by a need for financial aid only got into her places where her parents were legacies (Dartmouth, UVA).
Anonymous wrote:Anonymous wrote:So what I’m getting out of this conversation is that if you and your family don’t give a sh*t about investment banking or corporate law, none of this panic applies to us. Good riddance.
Investment banking
Management consulting
Big law
Academia
Anonymous wrote:So what I’m getting out of this conversation is that if you and your family don’t give a sh*t about investment banking or corporate law, none of this panic applies to us. Good riddance.
Doesn't change the fact that their undergrads don't get the time of day compared to MIT or even Dartmouth grads.Anonymous wrote:Anonymous wrote:I thought it was good and covered all bases, except one, that I continue to rant about.
Part of the reason there is so much competition for the top schools is because so-called elite employers only recruit from them. We need companies to see that there are tons of bright students everywhere. Just look at the girl profiled in the article who is clearly smart and likely has a ton of grit. She's going to Hunter College where no investment bank or MBB would ever look to hire from. Until that mindset is broken, things will not change.
What are you talking about? CUNY schools like Hunter, Baruch and CCNY have some incredible programs for finance, particularly quantitative trading. Their MFE program is probably the best in the country. https://www.efinancialcareers.com/news/2023/08/masters-in-financial-engineering-graduate-pay
The former is correct, but the latter serves the NYT's point so that's the set of facts used.Anonymous wrote:Our family is just getting started in the college process, so forgive me if I’m totally wrong here, but this article has me confused. I thought for ED, you could use the college’s aid calculation tool to get a sense of what aid you might get and then if accepted ED, you could wait until the aid information was received before pulling your other applications, and reject the ED offer if it wasn’t in the ballpark of what the school calculator had indicated. This article seems to say that if you apply ED but also apply for FA and get in, you are obligated to pull your other applications before knowing your FA result and have committed to go regardless of FA result—although the article does indicate colleges would not be able to force a student to attend a school they couldn’t attend.
So which is correct as far as ED if you need FA?
Anonymous wrote:Anonymous wrote:The elite schools are basically a harry potter sorting hat for IB, Big Law etc.. and what they really are doing is creating a net work among the already rich/elite kids. Middle class smart kids may get in but very few have the contacts and skills to net work themselves up that high. The richer you are the less relevant your major needs to be
I don’t know about finance but that’s not true for big law. My spouse and I are both very very middle class kids who went to Ivy or similar colleges by working our butte off in HS and nailing the SAT (thank you Waldenbooks for that prep book!), getting great grades there and great lsat score to jump into the best law schools in the country then federal appellate clerkships. Biglaw is filled with people like that. The rich kids that aren’t working and just parlaying connections are not ending up at the top firms at least in DC. They may do better in regional markets like Richmond if their families are regional power brokers.
I don’t work in finance but at least some of the very well off finance folks I know are children of immigrants who I don’t think come from elite backgrounds…just super smart who work their butts off. The ricch family people I know are in commercial real estate or individual asset management.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:"It’s been a while since top students could assume they’d get into top schools, but today, they get rejected more often than not."
So then all these top students are going to "second-rate" schools. But the thing that makes schools top-rate is mostly the students, which makes those second-rate schools ... top.
The teaching at most colleges is going to be good, because there's a surplus of good academics. So if you go to a school with many classmates who are smart, engaged, and motivated, you're probably going to end up with a good education, whether that's a top 10 school or a top 50 or even top 100 school.
Poor use of the transitive property.
There are second tier students at second tier schools. Plenty of them. I’m not saying they are underperformers or unintelligent by any means. But the average kid at Villanova is not the average kid at Princeton. No way.
Sure, but
1) if you didn't get into Princeton and did get into Villanova, you're probably more similar to Villanova students than Princeton students.
2) if you just missed getting into Princeton, you're more likely to end up at someplace more selective than Villanova but less selective than Princeton, and
3) even if you are a Princeton-type who ended up at Villanova, and are more academic/driven/accomplished than your average classmate, you will have a good number of highly academic/driven/accomplished peers.
Students are usually not picking between Harvard and Podunk State, but between slightly more selective University and slightly less selective University.
I don’t disagree. But the PP asserted that the Princeton reject accompanied by a handful of other ivy rejects going to second tier school (like Villanova), simply by virtue of their attendance makes a second tier school “top”. And it doesn’t.
The smart hungry kid will succeed no matter where they attend college.
Anonymous wrote:The elite schools are basically a harry potter sorting hat for IB, Big Law etc.. and what they really are doing is creating a net work among the already rich/elite kids. Middle class smart kids may get in but very few have the contacts and skills to net work themselves up that high. The richer you are the less relevant your major needs to be