Anonymous
Post 04/30/2025 14:38     Subject: Kid wants to work on Wall Street
Anonymous wrote:I went to Harvard and I regret it...wish I went to Bucknell.
It's hard to turn down Harvard, but doing so for Bucknell would have been a smart move. Lewisburg is definitely an underrated college town, which I'm sure you regret missing out on for four years.
Anonymous
Post 04/30/2025 14:36     Subject: Kid wants to work on Wall Street
There are far more interesting ways to make money than Wall Street. Those are the people you hire to take care of things. My field is entertainment. There is good money there and none of these people are spending 100 hours a week doing BS work at JP Morgan and dying inside because they are waisting their youth. Small business owners. Entrepreneurs. There are a lot of avenues. Wall Street is the help.
Anonymous
Post 04/30/2025 14:23     Subject: Kid wants to work on Wall Street
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I am a former investment banker. Not to be a snob, but the number of people who say they "work on Wall Street" and/or are "bankers" who are in middle office or back office jobs is huge. A huge percentage of the people at big banks are not generating any revenue. If you are not generating revenue, you are nobody. The revenue generators treat you like garbage. An MD in a revenue area makes a lot more than an MD in a non-revenue area. There is a lot of nuance.

But when you talk to your friends who aren't on Wall Street, they will think you are a big hitter. Especially if you tell them you work on Wall Street and act like you know about wine, golf, travel, and watches.


This. Hence the “Bucknell has a pipeline to the street” comments. Nothing wrong with middle office or commercial/private banking arms, but it isn’t all one and the same.


A middle office career on Wall Street is a dream for many kids.

I don't know the answer, but does a middle office career help you with placement following an MBA?

Years ago, my friend got an MBA at CMU and he said that the only kids struggling to get offers were former attorneys.


Trying to imagine what kid "dreams" of having a middle office role on Wall Street.

Anonymous
Post 04/30/2025 14:16     Subject: Kid wants to work on Wall Street
Anonymous wrote:
Anonymous wrote:I am a former investment banker. Not to be a snob, but the number of people who say they "work on Wall Street" and/or are "bankers" who are in middle office or back office jobs is huge. A huge percentage of the people at big banks are not generating any revenue. If you are not generating revenue, you are nobody. The revenue generators treat you like garbage. An MD in a revenue area makes a lot more than an MD in a non-revenue area. There is a lot of nuance.

But when you talk to your friends who aren't on Wall Street, they will think you are a big hitter. Especially if you tell them you work on Wall Street and act like you know about wine, golf, travel, and watches.


This. Hence the “Bucknell has a pipeline to the street” comments. Nothing wrong with middle office or commercial/private banking arms, but it isn’t all one and the same.


A middle office career on Wall Street is a dream for many kids.

I don't know the answer, but does a middle office career help you with placement following an MBA?

Years ago, my friend got an MBA at CMU and he said that the only kids struggling to get offers were former attorneys.



Anonymous
Post 04/30/2025 13:39     Subject: Kid wants to work on Wall Street
NP.
My alma mater, Bentley University in Waltham MA, offers a Finance degree with trading room experience.

https://www.bentley.edu/centers/trading-room

The school also hosts summer high school programs...

https://www.bentley.edu/precollege/programs/wallstreet101
Anonymous
Post 04/30/2025 13:26     Subject: Kid wants to work on Wall Street
Anonymous wrote:
Anonymous wrote:Even if the destination is middle office, Bucknell is still a pipeline to the Street. On a risk-adjusted and effort-adjusted basis, the middle office wins. Only a tiny % of Goldman TMT analysts will ever make it to managing director and you have to work your tail off in perpetuity. Not true for middle office. This is the type of intelligence that Bucknell kids get as opposed to the brainwash to be dominant at Wharton and Harvard.


Lot of cheddar in the middle office. It's like being a plumber: may not be glamorous, but quietly assets accrue.


Well hopefully you are keeping the cheddar moving through the pipes. Otherwise there will be no accrual for you.
Anonymous
Post 04/30/2025 13:24     Subject: Kid wants to work on Wall Street
Anonymous wrote:Even if the destination is middle office, Bucknell is still a pipeline to the Street. On a risk-adjusted and effort-adjusted basis, the middle office wins. Only a tiny % of Goldman TMT analysts will ever make it to managing director and you have to work your tail off in perpetuity. Not true for middle office. This is the type of intelligence that Bucknell kids get as opposed to the brainwash to be dominant at Wharton and Harvard.


That’s because they leave for better work-life balance (and often better pay) in PE and asset management.
Anonymous
Post 04/30/2025 13:19     Subject: Kid wants to work on Wall Street
Anonymous wrote:NYU if you can afford it


And if he can get in with those stats.
Anonymous
Post 04/30/2025 13:19     Subject: Kid wants to work on Wall Street
^What is a Bucknell?
Anonymous
Post 04/30/2025 12:34     Subject: Kid wants to work on Wall Street
I went to Harvard and I regret it...wish I went to Bucknell.
Anonymous
Post 04/30/2025 12:32     Subject: Kid wants to work on Wall Street
Anonymous wrote:I am a former investment banker. Not to be a snob, but the number of people who say they "work on Wall Street" and/or are "bankers" who are in middle office or back office jobs is huge. A huge percentage of the people at big banks are not generating any revenue. If you are not generating revenue, you are nobody. The revenue generators treat you like garbage. An MD in a revenue area makes a lot more than an MD in a non-revenue area. There is a lot of nuance.

But when you talk to your friends who aren't on Wall Street, they will think you are a big hitter. Especially if you tell them you work on Wall Street and act like you know about wine, golf, travel, and watches.
A central park panhandler works on Wall Street and a back office banker is still a banker
Anonymous
Post 04/30/2025 11:47     Subject: Kid wants to work on Wall Street
Anonymous wrote:Even if the destination is middle office, Bucknell is still a pipeline to the Street. On a risk-adjusted and effort-adjusted basis, the middle office wins. Only a tiny % of Goldman TMT analysts will ever make it to managing director and you have to work your tail off in perpetuity. Not true for middle office. This is the type of intelligence that Bucknell kids get as opposed to the brainwash to be dominant at Wharton and Harvard.


Lot of cheddar in the middle office. It's like being a plumber: may not be glamorous, but quietly assets accrue.
Anonymous
Post 04/30/2025 11:44     Subject: Kid wants to work on Wall Street
Even if the destination is middle office, Bucknell is still a pipeline to the Street. On a risk-adjusted and effort-adjusted basis, the middle office wins. Only a tiny % of Goldman TMT analysts will ever make it to managing director and you have to work your tail off in perpetuity. Not true for middle office. This is the type of intelligence that Bucknell kids get as opposed to the brainwash to be dominant at Wharton and Harvard.
Anonymous
Post 04/30/2025 09:22     Subject: Kid wants to work on Wall Street
Anonymous wrote:I am a former investment banker. Not to be a snob, but the number of people who say they "work on Wall Street" and/or are "bankers" who are in middle office or back office jobs is huge. A huge percentage of the people at big banks are not generating any revenue. If you are not generating revenue, you are nobody. The revenue generators treat you like garbage. An MD in a revenue area makes a lot more than an MD in a non-revenue area. There is a lot of nuance.

But when you talk to your friends who aren't on Wall Street, they will think you are a big hitter. Especially if you tell them you work on Wall Street and act like you know about wine, golf, travel, and watches.


This. Hence the “Bucknell has a pipeline to the street” comments. Nothing wrong with middle office or commercial/private banking arms, but it isn’t all one and the same.
Anonymous
Post 04/30/2025 09:19     Subject: Kid wants to work on Wall Street
I am a former investment banker. Not to be a snob, but the number of people who say they "work on Wall Street" and/or are "bankers" who are in middle office or back office jobs is huge. A huge percentage of the people at big banks are not generating any revenue. If you are not generating revenue, you are nobody. The revenue generators treat you like garbage. An MD in a revenue area makes a lot more than an MD in a non-revenue area. There is a lot of nuance.

But when you talk to your friends who aren't on Wall Street, they will think you are a big hitter. Especially if you tell them you work on Wall Street and act like you know about wine, golf, travel, and watches.