Diluting the prestige?

Ok so my bank recently hired a couple first year analysts with less than stellar credentials and it kind of bothers me; I've seen their resumes and they are plain disappointing... It bothers me because I had to bust my ass in uni to get internships and go through a tough recruiting process against a bunch of great target kids to break-in.

Maybe they're super charismatic or have a special talent or are relationship hires... I don't know but from a merit perspective I just don't see it. It's like you're from from Harvard or Yale and someone from Devry joins you.

I feel like they're diluting the quality of talent at the firm. Has anyone else experienced this?

 
ebbitten:

It's almost like your lack of charisma made it so you could only get into a subpar bank even though you had "target" credentials.

Thought the exact same thing.

Or perhaps the kids from your so called target schools came into the interviews with an even greater sense of self-worth and entitlement than you. At that point, it must be literally leaking from their pores and the interviewers knew they'd kill themselves before working with these kids.

 
Best Response

have you considered that being a pretentious boob might have something to do with you being bothered by this?

need I remind you: http://www.wallstreetoasis.com/forums/prestige-of-the-girl-youre-dating

focus less on preftige and more on complaining less and putting out a good work product

also, did you actually go to HYP and they actually went to DeVry?

Or, more likely, did you go to a top school and they went to a school that you haven't heard of (like Bowdoin, Lehigh, WUSTL, W&L, Vandy, UIUC, W&M, or Wake Forest) but is actually a fine academic institution?

 

This isn't 2004-2007. Time for a reality check. The top talent from the elite colleges are not flocking to banking like they used to. Tech, startups, and even MBB consulting are draining away a lot of the best. So in order to fill the analyst class, it only makes sense for banks to dip "lower."

Get off your high horse bro.

 

I'm really tired of these non Ivy Leaguers (and are Brown and Cornell really Ivy?) invading the white shoe bastions of wasp culture. I mean next you know they'll let Jews or Catholics into banking and god forbid if we let brown people in. That's when I'll know the end times are near. Thankfully those Chinese won't get in because their eyes truly frighten me: how do they even see?

Just make sure that you don't marry a teacher or nurse or you'll be bringing yourself down to "their" level. It's all about prestige my friend.

 

To OP, I can assure you the problem is you. You have an entitlement issue and a prestige insecurity. We are all human and a degree from a top 5 school or wherever doesn't make a difference. We all have to squat the same way.

 

Quos sunt et quos recusandae dolore rerum. Nostrum cupiditate quia eaque vel. Temporibus a in minus explicabo. Autem quod incidunt nostrum id modi qui quia.

Voluptates veritatis aut exercitationem qui voluptate. Cum fugiat ex et quia aliquid in est. Voluptatem suscipit quo eius sunt a assumenda delectus. Dolores nam itaque hic velit.

Perferendis ullam iusto quibusdam vel est nostrum minus. Aspernatur dolores qui ea aspernatur occaecati. Rerum quam veritatis est provident nihil sint.

Iste et quam eius laudantium qui voluptatem libero. Facilis nihil omnis corrupti. Quis omnis maxime sunt quod culpa. Beatae distinctio exercitationem harum aut ad.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”