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What are kids at non-targets who don't network going to do when they graduate?
 

blackjack21's picture
(Orangutan, 268
 
Points)
 on 3/2/13 at 4:00am
after graduation.jpg

Moderator Note (Andy): This was originally posted in June 2012.

Everyone knows those kids who go to non-targets who do absolutely nothing to help their job situation and freshman summer or sophomore summer don't do anything, but maybe get some manual labor job at best (cashier, waiter, etc...). Many of them probably have average grades and just party a lot.

Kids at targets and semi-targets are fighting skin and bones for top BB gigs and MM offers. Even so, inevitably some kids at targets and semi-targets get screwed. The majority of people I know at non-targets don't think about networking and really the uphill battle they face to get good jobs. So with the economy so brutal, what do those at non-targets who don't network do?

http://sportstanker.blogspot.com/
Tags:
gstackle32's picture

Simple answer, they graduate

O
(Gorilla, 500
 
Points)
 on 6/12/12 at 11:00pm

Simple answer, they graduate without a job lined up and continue partying until their parents cut off the money. A

I just graduated from a non-target and around 50% of my friends don't have a job. I don't know if it's our generation or the general sentiment of the majority of the American workforce but the lack of ambition I've seen is a little ridiculous.

mokey1234's picture

You know there are regular

 
Points)
 on 6/12/12 at 11:34pm

You know there are regular people with regular 9-5 jobs out there. Pulling in 40-50k is a dream for them and they leave work and go to happy hour and college parties on the weekend. It's happening right now with my friends. Yes it is average, but there's also an "average" for the finance/WSO community. To be extraordinary, you have to be radically different and it seems that the kids at the targets or semi-targets are forgetting what made them extraordinary enough in the first place (to get into those schools) and are just falling in with their "leveled-up" average.

The 80-20 rule applies everywhere. You always have to break out of the pack. Good question...I often think of this too. We all get so worried here, and then it's like well hell the rest of our peers have it waaaay worse than us.

JDawg's picture

IT consulting

(Gorilla, 518
 
Points)
 on 6/12/12 at 11:49pm

IT consulting

Kassad's picture

Many non-target kids don't

IB
(King Kong, 1,195
 
Points)
 on 6/12/12 at 11:52pm

Many non-target kids don't even KNOW what a career IS.

They believe First Investors Corp and Prudential are the "real deal" in "finance," and their friend working operations or IT at JPM making $50k is a total baller. First hand experience here folks. On top of that, a shit ton of them think that accounting is as real as it gets.

I hate even talking about it.

esbanker's picture

Pizza Hut?

PE
(Gorilla, 577
 
Points)
 on 6/12/12 at 11:57pm

Pizza Hut?

Capitalist

SRRubio123's picture

This directed at me

 
Points)
 on 6/13/12 at 12:11am

This directed at me bro?!

Kidding, I went to an epic non target. Literally zero alumni on the street.

Only 1 guy from my class had an offer before graduation, the rest (including me) = none.

I received an offer the other day, but turned it down. It was in a shitty city with shitty pay, plus they said I couldn't do ANY trading on my personal accounts due to the job responsibilities. I have 6 weeks until my lease ends and think I can do better.

I grew up broke as a joke so 40-50k entry level is cool with me. I don't ask for much and live a simple lifestyle. The reason I'm cool with 40-50k is because I can save 20-30k a year and make nice sized returns in the market.

I'd like a job in ER/AM (Fuck IB hours), but I'm not going to kill myself over it. There's tradeoffs I'm willing to take. Working 40 hours max and having a life outside of work is A-OK with me.

Right now I'm mainly focused on financial analyst positions to build my resume, my end goal is moving back to Austin. Best city in 'Murica and real estate is still hella cheap.

FreezePops's picture

FSC: Many non-target kids

(Orangutan, 309
 
Points)
 on 6/13/12 at 12:27am
FSC:

Many non-target kids don't even KNOW what a career IS.

They believe First Investors Corp and Prudential are the "real deal" in "finance," and their friend working operations or IT at JPM making $50k is a total baller. First hand experience here folks. On top of that, a shit ton of them think that accounting is as real as it gets.

I hate even talking about it.

What's wrong with prudential?
They're top 20 in terms of AUM. It really doesn't seem like a terrible place to be for Asset management.

The _______'s picture

While networking is key to

(Chimp, 10
 
Points)
 on 6/13/12 at 12:45am

While networking is key to achieving success, I wouldn't say that it absence precludes it, especially given that networking is only required to get top jobs. There are many people that work their way up in a career field. For some of these people, the climb may not be a very long one, but for others, likely those who are excellent workers, their longer climb might be met with much greater success. Some people even become highly successful in the same company after being their for 20-30 years.

Coming from a non-target or semi-target school, and especially since I also know some high-level students, I can totally understand where the op is coming from. The main point I want to raise comes down to what one wants in life. At op....judging by your tone it doesn't seem like you can understand why people don't network, almost like it's alien to you. All I can say is that many people go to college to "enjoy" their life. People who don't plan out their lives from the age of 5 a la the archetypal BB investment banker, still can be successful in other fields. One reason this is true is because these individuals, even by virtue of socializing and/or partying to some degree, are meeting new people that can serve as a network. Another reason is by having more experiences, individuals come to know more about themselves and better pick career fields that genuinely interest them, aside from money and other superficial measures that ultimately don't determine happiness. By choosing a field one is drawn to, it becomes much easier to become a success inherently because it's not work in the traditional sense.

In summary, networking is important to success but not completely responsible. Not everyone feels the need to get an A on every test or to stress about life plans because when it comes down to it, they will wake probably wake up the next day with opportunities still ahead of them. Those that keep working at it will find a way if they really want it, or will move on until what's meant to be is found.

obscenity's picture

It's completely insane to

 
Points)
 on 6/13/12 at 12:47am

It's completely insane to think that some companies do offer positions to applicants who don't stalk their employees.

chicandtoughness's picture

WSOWill: Right now I'm mainly

CS
 
Points)
 on 6/13/12 at 1:48am
WSOWill:

Right now I'm mainly focused on financial analyst positions to build my resume, my end goal is moving back to Austin. Best city in 'Murica and real estate is still hella cheap.

Did you do HS in Austin too? I was born/raised there, and I was one of those "average" people. Half of my HS graduating class didn't attend college; of those that did attend, half of them focus on graduating first and THEN think, "Oh shit, now I actually have to look for a job"... which usually leads to them working service jobs (fast food, grocery stores, shopping malls, etc.) as they scramble for entry-level positions in IT, data entry, accounting, etc.

There are the few standouts who went to slightly more prestigious schools (a tier or two under the Ivy Plus - think Rice, Georgia Tech, Purdue, etc.), and I was the first alum from my HS to make it to a school that wasn't in-state or an out-of-state non-target. Experienced MAJOR culture shock when I got to my current school and saw that everyone was probably several years ahead of me in terms of STEM knowledge, already had goals for their careers (some already interned at boutiques, tech startups, etc. the summer between senior year and freshman year college), and knew exactly what they had to do in college to get there.

In all honesty, I think that half of these non-target average kids and underarchievers don't really care about pay/prestige ("40k? Sounds better than minimum wage, I'll take it!") and are happy to live in a 1br apartment with their fiance (and out-of-wedlock children). Alternatively, they just don't have the knowledge that it's POSSIBLE to have jobs that pay 70k+ starting with excellent exit opps, etc. The other half probably went to non-targets to study something completely novel like Ancient Roman Literature or Archaeology and could give two shits about high-earning opportunities in the business world.

"Accept no one's definition of your life; define yourself."
Currently: quantitative marketing/business development
Previously: management consulting, investment banking

speeddemon's picture

.

O
(Monkey, 46
 
Points)
 on 2/10/13 at 8:55pm

.

TonyPerkis's picture

I went non target for school.

AM
(King Kong, 1,578
 
Points)
 on 6/13/12 at 5:48am

I went non target for school. I worked construction for my freshman "internship" summer and did the same for my sophomore "internship" summer..while it didn't help me directly for my future internships and current FT job, it certainly built some character. (It's also very difficult to advocate working 70 hour weeks when you're also playing a division 1 sport and have to commit to staying fit and playing all summer) It showed employers my work ethic and brought up very interesting talking points during interviews. Personally, I would recommend it. It's not easy work at all digging and lifting rocks for 10 hrs in 95 degree heat, but it makes sitting in an office doing models and other BS seem like a piece of cake.

You'll learn invaluable experience, a knowledge for what it is to really work, and see what its like for those who arent working in finance do to scrape by. If anything it will make you want to work that much harder to get a great job in finance. I still have that line on my resume about construction and I don't think i'm going to take it off at any point in the near future

If you really dont have anything going on, contact AndyLouis about the WSO summer internship ASAP and get that going.

I eat success for breakfast...with skim milk

DonJuan's picture

obscenity: It's completely

 
Points)
 on 6/13/12 at 5:29am
obscenity:

It's completely insane to think that some companies do offer positions to applicants who don't stalk their employees.

This

Williams184's picture

They occupy Wall St.

 
Points)
 on 6/13/12 at 6:03am

They occupy Wall St.

Oreos's picture

DonJuan: obscenity: It's

HF
(Neanderthal, 2,459
 
Points)
 on 6/13/12 at 7:52am
DonJuan:
obscenity:

It's completely insane to think that some companies do offer positions to applicants who don't stalk their employees.

This

Haha, so true. If you don't want to work at their firm enough to at least linkedin stalk a few of them you obviously don't want it.

UFOinsider's picture

What do the non-networking

O
(Human, 10,349
 
Points)
 on 6/13/12 at 9:01am

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

Kassad's picture

FreezePops: FSC: Many

IB
(King Kong, 1,195
 
Points)
 on 6/13/12 at 9:22am
blackjack21's picture

The main difference I find is

(Orangutan, 268
 
Points)
 on 6/15/12 at 1:35pm

http://sportstanker.blogspot.com/

BigTalkinWalker's picture

FSC: Many non-target kids

 
Points)
 on 6/15/12 at 4:18pm
Kassad's picture

BigTalkinWalker: FSC: Many

IB
(King Kong, 1,195
 
Points)
 on 6/15/12 at 7:08pm
farmerbob's picture

Are you asking what happens

ST
 
Points)
 on 6/15/12 at 11:38pm
West Coast rainmaker's picture

They graduate without jobs,

ER
(Neanderthal, 2,092
 
Points)
 on 6/16/12 at 10:10am
All American Reject's picture

BigTalkinWalker: FSC: Many

CF
(Baboon, 105
 
Points)
 on 6/16/12 at 10:58am
BigTalkinWalker's picture

All American

 
Points)
 on 6/16/12 at 2:30pm
BlackHat's picture

UFOinsider: What do the

HF
 
Points)
 on 6/16/12 at 4:48pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

ValueInvesting's picture

This sounds like an extremely

IB
 
Points)
 on 6/17/12 at 12:00am
CoochieMane's picture

This thread is motivation for

 
Points)
 on 6/17/12 at 11:50pm
CasualFriday's picture

A lot of ego flying around on

IB
(Monkey, 45
 
Points)
 on 9/29/12 at 11:03am
Art.Vandelay's picture

I'm at a non-target and am

O
 
Points)
 on 9/29/12 at 2:50pm
DotCarter's picture

while money is important,

(Monkey, 54
 
Points)
 on 9/29/12 at 3:57pm
ApplyingToBSchool's picture

Plenty of jobs out there

PE
(Monkey, 47
 
Points)
 on 9/29/12 at 9:13pm
Flake's picture

Ops.

ER
(Neanderthal, 3,597
 
Points)
 on 2/10/13 at 9:20pm

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

BlackHat's picture

My taxes.

HF
 
Points)
 on 2/10/13 at 9:34pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

WallStreetStandard's picture

If they don't have 2-3

 
Points)
 on 2/10/13 at 9:48pm
King of Opz's picture

.

(Baboon, 123
 
Points)
 on 2/10/13 at 11:45pm
King of Opz's picture

Flake: Ops. This lol. But on

(Baboon, 123
 
Points)
 on 2/10/13 at 11:44pm
LHDan's picture

King of

IB
 
Points)
 on 2/10/13 at 11:49pm
CattieCat's picture

There are many of industries

(Monkey, 30
 
Points)
 on 2/11/13 at 7:59am
legitpro's picture

i go to a non target and i do

(Monkey, 55
 
Points)
 on 2/11/13 at 2:06pm
jasper90's picture

I dont really network with

IB
(Gorilla, 581
 
Points)
 on 2/11/13 at 2:10pm

DISCLAIMER: I AM JUST A COLLEGE STUDENT

BlackHat's picture

The phrase "crushing it"

HF
 
Points)
 on 2/11/13 at 3:51pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

jss09's picture

I go to a non-target state

 
Points)
 on 2/11/13 at 11:01pm
pphi's picture

Haha hilarious post. I go to

 
Points)
 on 2/14/13 at 10:21pm

phinancial

Prangs's picture

blackjack21: Everyone knows

O
(Orangutan, 264
 
Points)
 on 2/14/13 at 10:42pm
WallStreetStandard's picture

OMG, you guys are talking

 
Points)
 on 2/15/13 at 7:51pm
Chonch1224's picture

Its funny how many egos

O
(Monkey, 62
 
Points)
 on 2/22/13 at 1:29pm

"When a defining momnet comes alone, you either define the moment or the moment defines you..." - Tin Cup

Talent is hitting a target no one can hit.
Genius is hitting a target no one can see.

peinvestor2012's picture

Sales and maybe some

IB
(King Kong, 1,719
 
Points)
 on 2/22/13 at 2:12pm
miscer's picture

Chonch1224: Its funny how

IB
(Baboon, 147
 
Points)
 on 2/22/13 at 2:52pm
BusinessSense's picture

miscer: Chonch1224: Its

(Monkey, 40
 
Points)
 on 2/22/13 at 3:19pm
The Khan's picture

Coming from a non-target

O
 
Points)
 on 3/1/13 at 6:01am

-O.K.

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