My post this week is a little different. It's short, decidedly not sweet and written to start a dialogue amongst the monkeys on this site. Dealbreaker, ran a piece this morning about Andrew Lohse, a Dartmouth grad and frat boy.
The kid's written a book, 'Party at the End of the World', in which he tears to pieces the intellectual spark and creative thinking that once comprised the backbone of Ivy League education (although I think it applies everywhere). According to Lohse, top-universities today have become "vocational schools" for investment banking and "faceless hedge funds" like
With a view towards playing devil's advocate, I want to pose a few questions:
- For those of you seeking to work in banking, what is the motivation for doing so? Is it more than just monetary and the subsequent exit opportunities?
- Do you ever ponder a time in your lives when money, prestige and career just won't matter as much anymore?
- And if you do? What do you think will be most important then?
- Finally, in college, is it herd mentality and the desire to conform and keep up
with peers that drives you to seek out jobs in banking, 's and PE? Or is there always a genuine desire to get into these fields? Is the distinction readily apparent to you?
Bear in mind, I'm not asking these questions to put banking or the quest to break in down. In fact, I'm very much trying to do the same now. There will always be people who consider themselves contrarian, liberal, emancipated, above banking or they may have no interest in finance at all. All of this is well and good - you are, and should always be your own person and for the right reasons. But I'm still curious as to why, those who do choose finance and banking - choose it? And finally, any opinions (good, bad or derogatory) on why this kid may have written the piece- fame, fortune, kicks or true revelation and self-discovery?
Enjoy the WSO conference monkeys!