Anonymous wrote:Anonymous wrote:Then there are schools like Umich Ross, UVA commerce, which are supposedly the “best” business schools that will also place, but you must major in business while the Harvard people major in philosophy ( what makes a business school the “best” seems to be controlled by acceptance rate, which is in turn controlled by yield and popularity so it’s superficial in that sense). Lastly, the “target/non target” distinction is supposedly based on academics; however, strong academic schools are disregarded despite strong academic reputation if they never had a reputation for sending people into finance. U of Texas and U of Wisconsin are two of the strongest examples. By academic reputation, both of these schools are peers to UVa and Umich ( not necessarily exactly as good but they are in the same orbit). Nevertheless, a strong student from Wisconsin could get their resume ignored…
What? Wisconsin is not in the same league as UVA or Michigan/Ross. Just as the latter two are not in the same league as ivies/stanford +
Companies recruit where there is the highest likelihood of finding academically talented students.
It should be no surprise that ivies and a few more are the main targets.
Anonymous wrote:Anonymous wrote:I’ve been saying this for a while. The toxic college competition stems from companies that hire only from certain colleges. If so-called top-tier firms like Goldman Sachs and McKinsey hired from a broader range of schools, there wouldn’t be as much crazy competition for the top 10-20 schools.
Frankly, it’s also very short sighted of them as there are lots of smart and great kids at all schools. Many kids can’t even consider applying to HPYSM due to finances.
I agree with you on the solution, but if you look at it from the company perspective it would be different.
They can go to ASU or U Arizona and interview 5000 students at each university to find out the smart kids or interview a small pre-filtered student body at T10. It is also lower risk to them of a candidate does not work out. Hey, we picked a HYPSM student but did not work out, what can we do? Or "Why the hell did you hire from ASU? What are you thinking?".
Anonymous wrote:Anonymous wrote:That's not what target means, OP.
Learn the lingo before posting.
The above poster is wrong; the OP is using the term "target" correctly.
Several readers fail to understand that terms, such as "target", have different meanings in different contexts.
Anonymous wrote:Then there are schools like Umich Ross, UVA commerce, which are supposedly the “best” business schools that will also place, but you must major in business while the Harvard people major in philosophy ( what makes a business school the “best” seems to be controlled by acceptance rate, which is in turn controlled by yield and popularity so it’s superficial in that sense). Lastly, the “target/non target” distinction is supposedly based on academics; however, strong academic schools are disregarded despite strong academic reputation if they never had a reputation for sending people into finance. U of Texas and U of Wisconsin are two of the strongest examples. By academic reputation, both of these schools are peers to UVa and Umich ( not necessarily exactly as good but they are in the same orbit). Nevertheless, a strong student from Wisconsin could get their resume ignored…
Anonymous wrote:Anonymous wrote:That's not what target means, OP.
Learn the lingo before posting.
Yes, it is what target means in the recruiting process for the financial industry.
FWIW There are "target" schools as well as "semi-target" schools for financial recruitment/placement.
Anonymous wrote:Does the OP mean target in terms of which college is a target for finance / consulting recruitment?
Anonymous wrote:Anonymous wrote:That's not what target means, OP.
Learn the lingo before posting.
The above poster is wrong; the OP is using the term "target" correctly.
Several readers fail to understand that terms, such as "target", have different meanings in different contexts.
Anonymous wrote:That's not what target means, OP.
Learn the lingo before posting.
Anonymous wrote:That's not what target means, OP.
Learn the lingo before posting.
Anonymous wrote:Plain and simple: The “target/non-target” school culture is extremely harmful to youth, arbitrary, and counterintuitive to the American dream. For those unfamiliar, “target” is the name given to the most popular schools among the wealthiest Americans, mainly HYPMS+ private schools. Then there are schools like Umich Ross, UVA commerce, which are supposedly the “best” business schools that will also place, but you must major in business while the Harvard people major in philosophy ( what makes a business school the “best” seems to be controlled by acceptance rate, which is in turn controlled by yield and popularity so it’s superficial in that sense). Lastly, the “target/non target” distinction is supposedly based on academics; however, strong academic schools are disregarded despite strong academic reputation if they never had a reputation for sending people into finance. U of Texas and U of Wisconsin are two of the strongest examples. By academic reputation, both of these schools are peers to UVa and Umich ( not necessarily exactly as good but they are in the same orbit). Nevertheless, a strong student from Wisconsin could get their resume ignored just by going to Wisconsin, while a student from UVa who didn’t work as hard could still get the job. Does that seem meritocratic? In conclusion, the “target/non target” distinction is one of the obstacles to the American dream. Prep kids who go to Harvard are the main beneficiaries of this system. It’s sad to see because there likely are qualified students from genuinely good academics institutions like Maryland, Wisconsin, or Purdue who will never break in because they didn’t come from money/connections.
Anonymous wrote:Does the OP mean target in terms of which college is a target for finance / consulting recruitment?
Anonymous wrote:I’ve been saying this for a while. The toxic college competition stems from companies that hire only from certain colleges. If so-called top-tier firms like Goldman Sachs and McKinsey hired from a broader range of schools, there wouldn’t be as much crazy competition for the top 10-20 schools.
Frankly, it’s also very short sighted of them as there are lots of smart and great kids at all schools. Many kids can’t even consider applying to HPYSM due to finances.
Anonymous wrote:That’s not what target school means. Also learn to use paragraphs.