Complete BS. Unless they’re shitty regional jobs, no schools in the SEC, even Vandy, get recruited for good finance jobs. Even the smartest kids from Wharton and Harvard have trouble getting jobs in HF/PE/VC out of undergrad. And before anyone says something stupid about connections, remember that no matter how connected you are, no one in high finance will take you seriously if you went to an SEC school.
Also, the only southern schools that have a fighting chance in VC/PE/HF/IB are Duke and kinda sorta Vandy (although most of them don’t get anything where it counts, nyc). They don’t hold a candle to Wharton, NYU Stern, MIT Sloan, Harvard, Yale, Dartmouth, or Princeton. By far the most represented schools on Wall St.
I didn’t mean that Wharton and Harvard are the ONLY ones that send kids to elite finance jobs, just that it’s basically impossible that anyone from an SEC school could nab one. Dartmouth, Columbia, Williams, Princeton, etc. certainly send them, but even then it’s the top of the class.
Dartmouth isn’t that well-represented because not as many Dartmouth student wants to go into finance as Wharton/Harvard/Princeton/Columbia students. However, Dartmouth’s D-Plan (winter quarter internship) gets a lot of kids into finance who want to be there.
If you do good work post graduation and go to a top business school though, you should be alright. And if you have the experience and skill at another branch of sachs, jpm, etc. you can always try to transfer.
Some of you people clearly have no fucking clue how finance recruiting works. First off, no one “interns at a HF” unless it’s a shitty regional one. You do your junior year internship in IB, work IB for your first 2/3 years after graduation, then move onto PE or a HF. And yes, HYPS schools are the “target schools” and have a large advantage over the rest. That being said, if you go to a top 50 school you have a chance to break into a bulge bracket New York bank with your junior year internship and thus out of undergrad, however, if you are affiliated with the University of, or more generally the state of Alabama you have absolutely no chance.
Absolutely false. I know quite a few freshmen/sophomores who, either through personal merit or family connections, landed internships at hedge fund this summer. I live in New York city, so it may just be a regional advantage. Difficult yes, but not impossible.
fratlylite just shut the fuck up please. yoyo brah is talking about the typical path. and he qualified “no one” with “unless its a shitty regional one.” A top hedge fund is way too busy to spend the time training dumbass freshmen and sophomores for the summer, which is why they take people after their skills have been more honed at a BB. In essence, your friends probably aren’t doing any type of meaningful work.
Honestly, I would really enjoy most of the people on this site defining “hedge fund.” I think most people use it solely because it seems to be synonymous with money.
Internning at a shitty regional hedge fund before the junior year IB internship is regardless a great way to build experience in finance. I’m doing this pre-junior year, and I’m being given actual, non-paper-monkey work to do.
was this ever in question?
14 years ago at 11:02 amMust be a shitty hedge fund if you’re allowed to post on tfm while on the job.
14 years ago at 11:04 amComplete BS. Unless they’re shitty regional jobs, no schools in the SEC, even Vandy, get recruited for good finance jobs. Even the smartest kids from Wharton and Harvard have trouble getting jobs in HF/PE/VC out of undergrad. And before anyone says something stupid about connections, remember that no matter how connected you are, no one in high finance will take you seriously if you went to an SEC school.
14 years ago at 11:13 amPrinceton kids do fine.
14 years ago at 11:31 amhttp://www.payscale.com/best-colleges/top-us-colleges-graduate-salary-statistics.asp
14 years ago at 11:52 am^^ Posting your salary during a survey. TgdiM.
Also, the only southern schools that have a fighting chance in VC/PE/HF/IB are Duke and kinda sorta Vandy (although most of them don’t get anything where it counts, nyc). They don’t hold a candle to Wharton, NYU Stern, MIT Sloan, Harvard, Yale, Dartmouth, or Princeton. By far the most represented schools on Wall St.
14 years ago at 12:36 pmI didn’t mean that Wharton and Harvard are the ONLY ones that send kids to elite finance jobs, just that it’s basically impossible that anyone from an SEC school could nab one. Dartmouth, Columbia, Williams, Princeton, etc. certainly send them, but even then it’s the top of the class.
14 years ago at 1:18 pmDartmouth isn’t THAT well represented. Virginia is also a school in the south the pumps out more bankers than Duke or Vandy.
Alabama hahahahhaha
14 years ago at 10:22 amDartmouth isn’t that well-represented because not as many Dartmouth student wants to go into finance as Wharton/Harvard/Princeton/Columbia students. However, Dartmouth’s D-Plan (winter quarter internship) gets a lot of kids into finance who want to be there.
14 years ago at 8:47 amIf you do good work post graduation and go to a top business school though, you should be alright. And if you have the experience and skill at another branch of sachs, jpm, etc. you can always try to transfer.
14 years ago at 3:21 pmSome of you people clearly have no fucking clue how finance recruiting works. First off, no one “interns at a HF” unless it’s a shitty regional one. You do your junior year internship in IB, work IB for your first 2/3 years after graduation, then move onto PE or a HF. And yes, HYPS schools are the “target schools” and have a large advantage over the rest. That being said, if you go to a top 50 school you have a chance to break into a bulge bracket New York bank with your junior year internship and thus out of undergrad, however, if you are affiliated with the University of, or more generally the state of Alabama you have absolutely no chance.
14 years ago at 10:28 pmAbsolutely false. I know quite a few freshmen/sophomores who, either through personal merit or family connections, landed internships at hedge fund this summer. I live in New York city, so it may just be a regional advantage. Difficult yes, but not impossible.
14 years ago at 7:31 amfratlylite just shut the fuck up please. yoyo brah is talking about the typical path. and he qualified “no one” with “unless its a shitty regional one.” A top hedge fund is way too busy to spend the time training dumbass freshmen and sophomores for the summer, which is why they take people after their skills have been more honed at a BB. In essence, your friends probably aren’t doing any type of meaningful work.
Honestly, I would really enjoy most of the people on this site defining “hedge fund.” I think most people use it solely because it seems to be synonymous with money.
14 years ago at 10:29 amInternning at a shitty regional hedge fund before the junior year IB internship is regardless a great way to build experience in finance. I’m doing this pre-junior year, and I’m being given actual, non-paper-monkey work to do.
14 years ago at 8:49 amwow this is original
14 years ago at 10:48 amFake
14 years ago at 7:30 pm