Anonymous wrote:I work at a bulge bracket and steer away from the investment club kids. They tend to be insufferable. I will also excuse a lower GPA for a kid who has done something meaningful (sport, newspaper, theater, etc.). I actually tend to prefer these types - more well-rounded and they will catch up on the technical part of the job quickly enough.
Half of what these kids are getting fed in the investment clubs is wrong or not applicable but it builds up some major egos that I don't want to deal with.
100% of the Yale investment club kids get summer internships at top consulting groups or investment banks for like 65k a summer. 100% of them. This is why getting into those clubs is so hard! I think the top club took 12 kids out of over 1000 applicants this year. Now whether those turn into jobs or not is up to the kid's interest/performance/personality, but it's a pretty high conversion rate.