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Wall Street Oasis » Forums » Monkeying Around
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how much does someone's intelligence correlate to his/her school name?
 

diaosi's picture
diaosi
     
 
(Senior Chimp, 29
 
Points)
 on 1/1/13 at 11:20am

I go to a top 20 university. We have a smattering of smart kids but a lot of unmotivated kids that only want to party and no intellectual pursuit whatsover. I've also been to a lot of the ivy league schools and observed a lot of the same things that I witnessed at my school.

Most surprising is the number of people I know who have never finished reading a book from cover to cover and cannot write anything for their life. Also a bunch of people I meet at my school and also the kids from my HS who went off to ivy league schools have major ADD and can't sit still to work or read anything remotely long without being distracted by social media or something. The kids from my floor last year spent the majority of their time playing xbox and getting high than do anything productive. I feel like a lot of my state school friends were better than this. Did these kids just get lucky with rich parents and figured out how to game the system? Can't be the whole school though.

  • college students
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SirTradesaLot's picture

0.37

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,782
 
Points)
 on 1/1/13 at 11:28am

0.37

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

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holla_back's picture

You don't write well enough

holla_back
      O
 
(King Kong, 1,195
 
Points)
 on 1/1/13 at 11:29am

You don't write well enough to make posts complaining about people who "cannot write anything for their life."

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ReadLine's picture

to an extent, you can

ReadLine
      O
 
(Senior Orangutan, 490
 
Points)
 on 1/1/13 at 11:54am

to an extent, you can substitute intelligence for hard-work (e.g. not spending 100s of hours prepping for SATs but still doing great). But only up to a point of course.

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ltohang's picture

i see what you're saying.

ltohang
     
 
(Baboon, 139
 
Points)
 on 1/1/13 at 12:13pm

i see what you're saying. same thing at my ivy, a lot of people who don't/haven't do/done shit but still got in.

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Falcon's picture

That's just life. Some kids

Falcon
      CF
 
(Gorilla, 531
 
Points)
 on 1/1/13 at 12:20pm

That's just life. Some kids just know how to play the system. There are kids who can sit drink and smoke all week and look at the material 5 minutes before class starts and ace every test. I think sometimes when kids go off to Ivy's or top 25 schools, they expect way too much.

I know I did when i transferred from a non-target mediocre school to a top 25 school, I expected way too much but in essence, these kids are all the same. It's just that the kids at the higher ranked schools, put a little more work into their school work, although you do have the ones that are socially inept.

Just a sophomore looking for an opportunity to start up this dream of mine.

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gammaovertheta's picture

That may be true for the

gammaovertheta
      ST
 
(Senior Orangutan, 429
 
Points)
 on 1/1/13 at 12:32pm

That may be true for the average student, but I promise the top decile and most motivated of the top schools can run your state school friends into the fucking pavement. And investment banks aren't especially going to be interested in anyone outside of that group.

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In reply to gammaovertheta
holla_back's picture

gammaovertheta: That may be

holla_back
      O
 
(King Kong, 1,195
 
Points)
 on 1/1/13 at 12:45pm
gammaovertheta:

That may be true for the average student, but I promise the top decile and most motivated of the top schools can run your state school friends into the fucking pavement. And investment banks aren't especially going to be interested in anyone outside of that group.

Paging Doctor IlliniProgrammer, paging Doctor IlliniProgrammer...

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In reply to holla_back
gammaovertheta's picture

holla_back: Paging Doctor

gammaovertheta
      ST
 
(Senior Orangutan, 429
 
Points)
 on 1/1/13 at 1:00pm
holla_back:

Paging Doctor IlliniProgrammer, paging Doctor IlliniProgrammer...

Should have clarified that I was speaking in general, and when I referred to "that group" I mean the top decile and most motivated but not necessarily at the top schools. Otherwise I'd love to hear what IP has to say

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cauchymonkey's picture

There's a correlation between

cauchymonkey
     
 
(Baboon, 144
 
Points)
 on 1/1/13 at 1:03pm

There's a correlation between school name and SAT score, and there is some correlation between SAT score and iq. obviously neither measure is perfect but in aggregate it's ok.

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West Coast rainmaker's picture

Top admissions are insanely

West Coast rainmaker
      ER
 
 
(Neanderthal, 2,128
 
Points)
 on 1/1/13 at 1:51pm

Top admissions are insanely competitive now; it often comes down to who has the right extracurricular or ticks the right diversity box. If you are at a top 10 university or top 5 LAC, you are smart enough for 90% of finance jobs.

The top 10% at any of those institutions will be extremely motivated and have similar capabilities. They are almost certainly within the top 1% of the population in terms of mental horsepower. And they all have the potential to do very well, whether they attend Harvard or UChicago.

This isn't to knock state schools. Any college will have a few exceptionally talented students who chose that college for reasons other than US News rank, such as a single strong program or generous financial aid. But, on the whole, the top 10% at Harvard is probably smarter than the top 10% at UC Irvine.

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leveredarb's picture

even at top schools you get a

leveredarb
     
 
(King Kong, 1,263
 
Points)
 on 1/1/13 at 3:32pm

even at top schools you get a lot of ppl that are complete idiots, you get marginally less than at lower schools and the top end is much much much smarter

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In reply to leveredarb
ifyesyeah's picture

leveredarb: even at top

ifyesyeah
     
 
(Monkey, 36
 
Points)
 on 1/1/13 at 4:35pm
leveredarb:

even at top schools you get a lot of ppl that are complete idiots, you get marginally less than at lower schools and the top end is much much much smarter

Yes

West Coast rainmaker:

Top admissions are insanely competitive now; it often comes down to who has the right extracurricular or ticks the right diversity box. If you are at a top 10 university or top 5 LAC, you are smart enough for 90% of finance jobs.

The top 10% at any of those institutions will be extremely motivated and have similar capabilities. They are almost certainly within the top 1% of the population in terms of mental horsepower. And they all have the potential to do very well, whether they attend Harvard or UChicago.

This isn't to knock state schools. Any college will have a few exceptionally talented students who chose that college for reasons other than US News rank, such as a single strong program or generous financial aid. But, on the whole, the top 10% at Harvard is probably smarter than the top 10% at UC Irvine.

Um, not quite. At least not the beginning of what you said.

- The last paragraph is pretty much all accurate.
- The stuff about ticking the right diversity box is correct
- Extracurricular being right/lucky in terms of what the school needs more of or find unique. That is right.
- Donating, knowing someone working there or an alumni, playing a sport a high level and being just above dumb as a door nail, etc. also go into admissions. Admissions at the "top" schools are insanely competitive for a portion of people applying; that is the quality portion of applicants who seem to look identical after awhile (great gpa, great SAT, great EC's, blah blah), but for a decent size of the crowd, there is literally no competition cause they had an in (whether a person or the sport they played) or got lucky.

That is not to complain, but they are given way too much credit for the percentage of students at those schools that are quality.

And this statement is horrendous; "If you are at a top 10 university or top 5 LAC, you are smart enough for 90% of finance jobs. "

Are you kidding me? Sorry, but you just ignored the trash students that exist at every school. Ivies and any top school and any school has crap students mixed in. Therefore, just because you went to a "top 10 university or top 5 Lac" does not in anyway mean you are fit for 90% of the jobs.

Sorry if I seem like an asshole, but that was ridiculous.

And while I honestly admire an attempt to put numbers on this (since numbers can help people understand and picture the situation/question), that top 10 percent statement about those kids being within the top 1 percent of the nation is stretch. I just wouldn't even try to put a number on that because you just don't know.

But let's consider for a second here what the top 1% really means. Top 1% includes all the anomalies, meaning any ridiculous geniuses, whether they went to school or not, no matter where they went. And geniuses don't just go to the top schools. Do they tend to flock there because of prestige, yes. But they don't all go there.

10% means one in every ten students you see at one of those colleges is within the top 1% of the nation in smarts... I don't think so. 3-5 percent, I might have believed you, but ten percent all being the smartest of our nation is a stretch.

But like I said before, to put numbers on that type of thing is very very difficult and I wouldn't even try to attempt that when you simply don't know.

I think a simple statement/answer (like some other posters here have gotten close to) is what really answers this question: There are SMART kids at EVERY school, there are DUMB/LOSERS at EVERY school, but if you were to choose a student from a "top" school you would be more likely to choose a smart one than if you were randomly picking at other schools. Top 1% at Ivies, the ones that truly are in that 1% at the school (if there really was any legit way to measure this since gpa isn't always accurate), yes, almost all of those people are incredibly smart and rank high in the nation, but the top 2-4 percent at any school, aside from a rare exception here an there, are going to be of respectable intelligence. Top 1% Ivy > Top 1% Public yeah... Top 20 % Ivy > Top 20 % Public definitely.... Top 10 % Ivy > Top 1% state no

"Top" schools have more prestige, they have a larger percentage of intelligent individuals, but they also have dummies and it's not like state schools only have "a few" smart people. Give "top" schools the credit they deserve, but not anything more.

Stop making assumptions that someone is great just because they went to a school. If you believed in that, then you would think every president was great because how could the leader of America not be great.... um yeah, look at who is the president now. But I don't want to get started on that. And don't assume what I said is wrong just because your political views are different (just look at any one of a number of other presidents who have under performed and relate to that).

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In reply to ifyesyeah
holla_back's picture

ifyesyeah: leveredarb: even

holla_back
      O
 
(King Kong, 1,195
 
Points)
 on 1/1/13 at 4:44pm
ifyesyeah:
leveredarb:

even at top schools you get a lot of ppl that are complete idiots, you get marginally less than at lower schools and the top end is much much much smarter

Yes

West Coast rainmaker:

Top admissions are insanely competitive now; it often comes down to who has the right extracurricular or ticks the right diversity box. If you are at a top 10 university or top 5 LAC, you are smart enough for 90% of finance jobs.

The top 10% at any of those institutions will be extremely motivated and have similar capabilities. They are almost certainly within the top 1% of the population in terms of mental horsepower. And they all have the potential to do very well, whether they attend Harvard or UChicago.

This isn't to knock state schools. Any college will have a few exceptionally talented students who chose that college for reasons other than US News rank, such as a single strong program or generous financial aid. But, on the whole, the top 10% at Harvard is probably smarter than the top 10% at UC Irvine.

Um, not quite. At least not the beginning of what you said.

- The last paragraph is pretty much all accurate.
- The stuff about ticking the right diversity box is correct
- Extracurricular being right/lucky in terms of what the school needs more of or find unique. That is right.
- Donating, knowing someone working there or an alumni, playing a sport a high level and being just above dumb as a door nail, etc. also go into admissions. Admissions at the "top" schools are insanely competitive for a portion of people applying; that is the quality portion of applicants who seem to look identical after awhile (great gpa, great SAT, great EC's, blah blah), but for a decent size of the crowd, there is literally no competition cause they had an in (whether a person or the sport they played) or got lucky.

That is not to complain, but they are given way too much credit for the percentage of students at those schools that are quality.

And this statement is horrendous; "If you are at a top 10 university or top 5 LAC, you are smart enough for 90% of finance jobs. "

Are you kidding me? Sorry, but you just ignored the trash students that exist at every school. Ivies and any top school and any school has crap students mixed in. Therefore, just because you went to a "top 10 university or top 5 Lac" does not in anyway mean you are fit for 90% of the jobs.

Sorry if I seem like an asshole, but that was ridiculous.

And while I honestly admire an attempt to put numbers on this (since numbers can help people understand and picture the situation/question), that top 10 percent statement about those kids being within the top 1 percent of the nation is stretch. I just wouldn't even try to put a number on that because you just don't know.

But let's consider for a second here what the top 1% really means. Top 1% includes all the anomalies, meaning any ridiculous geniuses, whether they went to school or not, no matter where they went. And geniuses don't just go to the top schools. Do they tend to flock there because of prestige, yes. But they don't all go there.

10% means one in every ten students you see at one of those colleges is within the top 1% of the nation in smarts... I don't think so. 3-5 percent, I might have believed you, but ten percent all being the smartest of our nation is a stretch.

But like I said before, to put numbers on that type of thing is very very difficult and I wouldn't even try to attempt that when you simply don't know.

I think a simple statement/answer (like some other posters here have gotten close to) is what really answers this question: There are SMART kids at EVERY school, there are DUMB/LOSERS at EVERY school, but if you were to choose a student from a "top" school you would be more likely to choose a smart one than if you were randomly picking at other schools. Top 1% at Ivies, the ones that truly are in that 1% at the school (if there really was any legit way to measure this since gpa isn't always accurate), yes, almost all of those people are incredibly smart and rank high in the nation, but the top 2-4 percent at any school, aside from a rare exception here an there, are going to be of respectable intelligence. Top 1% Ivy > Top 1% Public yeah... Top 20 % Ivy > Top 20 % Public definitely.... Top 10 % Ivy > Top 1% state no

"Top" schools have more prestige, they have a larger percentage of intelligent individuals, but they also have dummies and it's not like state schools only have "a few" smart people. Give "top" schools the credit they deserve, but not anything more.

Stop making assumptions that someone is great just because they went to a school. If you believed in that, then you would think every president was great because how could the leader of America not be great.... um yeah, look at who is the president now. But I don't want to get started on that. And don't assume what I said is wrong just because your political views are different (just look at any one of a number of other presidents who have under performed and relate to that).

TL;DR: This guy ended up at one of his safety schools.

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ifyesyeah's picture

Super Short;I Shouldn't Have

ifyesyeah
     
 
(Monkey, 36
 
Points)
 on 1/1/13 at 5:11pm

Super Short;I Shouldn't Have Wasted My Time Reading Your Lame Attempt At A Joke:

Actually no, I didn't end up at a safety school. I didn't go to an Ivy and my school is semi-target at most (a bit of finance OCR). But I have a number of family members at Ivies and many in finance too. So I am simply taking what I have personally seen at those schools and what I have learned over my life into consideration and giving my best attempt at an answer to this question since so many of the bits of information mentioned in general are incorrect assumptions.

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In reply to ifyesyeah
m56's picture

ifyesyeah: Super Short;I

m56
      CO
 
(Baboon, 122
 
Points)
 on 1/1/13 at 9:33pm
ifyesyeah:

Super Short;I Shouldn't Have Wasted My Time Reading Your Lame Attempt At A Joke:

Actually no, I didn't end up at a safety school. I didn't go to an Ivy and my school is semi-target at most (a bit of finance OCR). But I have a number of family members at Ivies and many in finance too. So I am simply taking what I have personally seen at those schools and what I have learned over my life into consideration and giving my best attempt at an answer to this question since so many of the bits of information mentioned in general are incorrect assumptions.

I skimmed your original post, but you're right. There are complete morons at Ivies and there are smart people at non-targets. Some may be at the former because of sports; others may be at the latter because of money. But idiots and smart people are everywhere; there's just a (slightly higher) percentage of somewhat intellectually curious people at more prestigious schools, since those schools were built to attract those types of students to begin with.

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ltohang's picture

you'd be surprised at how

ltohang
     
 
(Baboon, 139
 
Points)
 on 1/1/13 at 9:35pm
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BTbanker's picture

Let's be honest, you don't

BTbanker
      IB
 
(Senior Neanderthal, 5,340
 
Points)
 on 1/1/13 at 11:24pm

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

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IvyGrad's picture

A better metric of someone's

IvyGrad
     
 
(Senior Baboon, 205
 
Points)
 on 1/2/13 at 4:47am
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In reply to SirTradesaLot
ricottacheese's picture

SirTradesaLot: 0.37 More

ricottacheese
      PE
 
(Orangutan, 291
 
Points)
 on 1/2/13 at 8:44am
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leveredarb's picture

people tend to give too much

leveredarb
     
 
(King Kong, 1,263
 
Points)
 on 1/2/13 at 9:02am
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ReadLine's picture

it depends how your define

ReadLine
      O
 
(Senior Orangutan, 490
 
Points)
 on 1/3/13 at 3:23pm
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Going Concern's picture

In before IP starts state

Going Concern
     
 
 
(King Kong, 1,884
 
Points)
 on 1/3/13 at 6:58pm

You have to play the game to find out why you're playing the game.

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In reply to m56
jjjjl241's picture

m56: ifyesyeah: Super

jjjjl241
     
 
(Baboon, 153
 
Points)
 on 1/4/13 at 2:29am
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Forum Topics

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  • I'm a rising sophomore at a non-target liberal arts college. I am currently interning at a marketing company in one of asian countries that I am from and I have been actively looking for something else I can do this summer. I was accepted to the program so called Fullbridge which is a...
    Opinion on business bridge program?
  • I joined a top consulting firm after graduating last year. Now its been a year and I do not like consulting very much. I have been doing completely unrelated projects, and going forward I would like to have a little bit more focus. Plus I want to learn more about finance. Is it possible for me...
    Is it still possible to start over? from MBB to finance
  • Hey All, I just wanted to see if anyone could give me some ideas about exit opps from top Natural Resources Groups? In this case think BB. I am curious if exit Opps are primarily in industry specific funds or if you still see recruitment for general buyout practices at Megafunds? Thanks....
    Natural Resources Group Exit Opps
  • Hey guys, Anybody know if York Capital runs a macro fund? I saw it somewhere that a guy named Marc Helwani runs a $1.5b macro fund but I couldnt find any other source to verify that. One thing I do know is that out of their $15b AUM, about $6.5 is dedicated to traditional long/short. Lol......
    York Capital - Macro?
  • Last year Dalian Wanda Group bought theater chain AMC Entertainment for $2.6 Bn, and now it is snagging up Sunseeker International. [quote] Dalian Wanda said it would pay £320 million for a 91.8 percent stake in Sunseeker, based in Dorset, England, with the remaining stake to be acquired by...
    The Chinese are upping up their shopping spree
  • I'm graduating soon and am looking for opportunities in either IB or consulting. Am indifferent between them. How should I customize my resume towards IB? Also you guys with consulting background, how do you customize to a consulting (MBB) one as well. But most importantly, I need it down to 1...
    Resume review for IB
  • Is anyone familiar with this firm? Started by 3 experienced guys in the media industry. Looks like they've done a couple notable deals in the past 2-3 years. How big is the firm (esp. analyst & associate level)? How is the dealflow? Do they only have an office in SF? Thanks in...
    CODE Advisors
  • Hi everyone! Some of you may remember me, I stopped posting on this forum about a year ago because I got tired of the site for a number of reasons and it wasn't worth it for me anymore. However I'm a big believer of giving back, and I did learn a lot from this site and from a few of the...
    Q&A: 1st year BB London Rates Trader Taking Your Questions
  • This question is regarding background checks and references. I worked at a boutique IB and want to use my old boss as a reference. However, my old boss no longer works at the boutique IB anymore. Is it still acceptable to use him as a reference, or will employers want a reference who still...
    Reference no longer works at firm
  • I'm a student currently deciding between attending either Tulane or Uconn as an incoming junior and wanted to get a picture of which would be better from a recruiting standpoint. Tulane will cost $14K more total over the next two years, or 7K more per year, but in either regard I will still...
    Tulane vs. Uconn
  • 1:41pm: Buy 200 shares WFC @ $41.10 on 99% margin. Currently down $87.98 + $0.90 interest. I normally stay away from margin. I was having a good day and got cocky. Today wiped out a week's worth of profits for me. Note: I swing trade with some day trades thrown in. What would you...
    I Made a Stupid Bernanke-Inspired Trade: Exit?
  • Hello everybody, I just finished up my sophomore year at a semi target and now am trying to choose an internship which will best position me for IB recruiting next year. I'm trying to decide between two internships - one is a credit analyst position at a commercial bank where I would...
    Which internship?
  • Hey everyone, Does anyone know of any reputable firms in Miami? Can you speak to their: 1. Pay 2. Culture 3. Focus (i.e. middle market? tech?) 4. Reputation in comparison to NYC...
    PE in Miami
  • So the sudden spike in interbank lending rate in China surpassed 13 percent at one point. The seven-day repurchase rate hasn't risen this high in over 10 years. With the PBOC refusing to inject funds to the monetary market, will this liquidity squeeze hurt the government's efforts to...
    Chinese Overnight Repo Rate hits record high
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<em>Mod note: make sure to see the great comment below by CompBanker</em> I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this...
Finance Culture - Personalities
<strong>Background</strong> I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful...
How WSO has enhanced my IB/PE career
<em>Mod note: <strong><a href="http://www.wallstreetoasis.com/faq/what-are-the-best-qa-threads-and-interviews-with-top-finance-professionals-on-wso ">Click here</a></strong> to see all of our q&a's and interviews</em><P> I figured I...
Open for Questions - Equities in Dallas
<em>Mod Note: This is a syndication from Jared's Daily Dirtnap daily market newsletter. WSO readers qualify for a $100 discount...just email [email protected] and mention "WSO Monkey Discount" You can follow Jared on twitter at @dailydirtnap</em> This one has...
THE LAST MILE
After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here! Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%...
2013 WSO Compensation Report has Arrived
When I first started as a PE analyst, I constantly struggled with judging the amount of time I should spend on reviewing sourced deals. How much time is enough to really get a handle on the company’s revenue streams? How granular do I need my analysis to be on industry threats? With this...
Misguided Efforts: A Cautionary Tale
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
Many of the questions that have come in surround recruiting for front office Wall Street careers from a non-target so we’ll start with some ideas for recruiting, move on to interviewing, preparing for the job and finally long-term career management advice. Before we begin, it has been...
Stand Out as a Non-Target: Recruiting (Part 1 of 4)
Any Asset Management people here who could give me some insights on it, such as the nature of the work, the pay, the hours, the potential for career advancement, ect? I was looking into IB before but I've decided that I would rather pursue a career that's more intellectually...
Asset Management a better choice than Investment Banking?
<img src="//img.pandawhale.com/48721-Sexually-Oblivious-Female-Meme-Ze2w.png" alt="Sexually Oblivious Female Meme - Favorite Position? I would like to be a CEO.">
If you could be the richest person in the world with your dream job only as a public virgin forever would you do it?
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