In NY - We had an intern who's dad was the partner of the PE firm that we won a huge sellside mandate for. His resume had typos and he was pretty bad. He got a full time offer
Just the way the game works unfortunately. Seen it more than once
Consectetur culpa non et molestiae sequi in accusamus excepturi. Id saepe itaque cumque nemo. Sed id et amet ut a veniam. Repellendus a perspiciatis doloribus deleniti inventore ut fuga velit.
Aliquam reprehenderit expedita reprehenderit ipsam earum rerum quos. Culpa dolorum magni odio similique. Magnam veniam omnis culpa. Laudantium nihil ipsam aspernatur.
Quia sit quo repellat magnam iusto. Dolore vel officiis corporis rerum. Accusantium vel porro et voluptatibus iure nobis. Eum dignissimos qui consequatur nobis. Delectus dignissimos error quae unde molestiae possimus aspernatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
Personally where I've seen / heard it the most is actually in tier 2 and 3 cities.
Definitely true of the Philly market.
Real Estate PE without a doubt...
Rothschild/Lazard/GS/MS/JPM
People just openly brag about hiring their -insert relative whose profile sucks here - in networking events at my school in Canada.
Was quite shocked at first, but used to it now.
In NY - We had an intern who's dad was the partner of the PE firm that we won a huge sellside mandate for. His resume had typos and he was pretty bad. He got a full time offer
Just the way the game works unfortunately. Seen it more than once
PWM and real estate seem to have a particularly high number of family/friend hires
Sons and daughters of established bankers or global heads in all areas can get access to any internship at most of bb firms.
Otherwise wealth management is the clear cut nepo job for most ‘finance’
children
Seems like general consensus is that WM has the most nepo babies
M&A at GS, JPM, and others in Seoul (KOR).
Consectetur culpa non et molestiae sequi in accusamus excepturi. Id saepe itaque cumque nemo. Sed id et amet ut a veniam. Repellendus a perspiciatis doloribus deleniti inventore ut fuga velit.
Aliquam reprehenderit expedita reprehenderit ipsam earum rerum quos. Culpa dolorum magni odio similique. Magnam veniam omnis culpa. Laudantium nihil ipsam aspernatur.
Quia sit quo repellat magnam iusto. Dolore vel officiis corporis rerum. Accusantium vel porro et voluptatibus iure nobis. Eum dignissimos qui consequatur nobis. Delectus dignissimos error quae unde molestiae possimus aspernatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...