The Dumb Down Nation

The Wall Street Oasis community is a pretty ambitious group. We have a decent amount of people that are quite intelligent as well. I’m sure we all hang out with people that equally are intelligent too. But it seems as if the average American student is “getting stupid”. Maybe Mac Dre is too heavy in their IPod rotation. Pun intended.

I remember I was bored one day and decided to watch BET. A caller called in to request a song to be played. It seemed like nothing out of the ordinary. The abbreviation Ind. appeared on the in-studio TV (caller was from there). The host glanced at the TV screen and referred Ind. as Indianapolis. She didn’t even correct herself to say Indiana. And even worse she referred to it as Indianapolis multiple times. All I could do is shake my head.

Was it a harmless mistake or is America just ignorant? What can’t be argued is that in the fiscal year of 2010, good ol’ Uncle Sam spent 602.6 Billion Dollars on Education. (Zero Hedge) What’s our IRR for the money we throw at schools?

It’s about as high as Mini-Me’s vertical. Bloomberg published an article that described the Class of 2012’s SAT scores. “Bloomberg News's Janet Lorin reports that American high-schoolers bombed on the SAT this year, with the average critical reading score falling 1 point to 496 from a year earlier, the lowest since data became available in 1972. The average score for writing dropped 1 point to 488, the lowest since the section was added in 2006. (Math scores held steady.)” (Bloomberg)

Ok, what about those who do make it to college? The United States is ranked 16 among developed countries that are 25-34 year olds with college degrees. We use to be number 1. 42% of college students drop out and never get their bachelors. It leaves the student in debt with no degree. What a great investment. The drop out college student is also 4 times more likely to default on their loans.

I remember when I was in college all I cared about was women, boozing and raging. It was the same way in high school too. From personal experience, I can attest that most students care more about their ‘rep’ than their GPA. Yet the quiet, smart kid that rarely socialized got offers from PIMCO and Goldman Sachs. Most American high school and college kids really need to rehash their priorities.

All this leads me to wonder where the real disconnect is between the billions of dollars spent and kids (particularly minorities) not being prepared for college.

 

Et ut nihil neque eos neque at veritatis. Rerum alias officiis harum eum impedit provident. Quia in non placeat ut. Exercitationem voluptatem cumque sequi eos aperiam. Dolore ratione quaerat ratione at sequi. Est blanditiis illo nostrum.

Commodi quisquam cum minima veniam. Officia quasi quod quas natus sed. Officia molestias omnis veritatis velit.

 

Eveniet totam voluptate est ut illum delectus molestiae. Fuga illo et odio dolorem omnis eos quis. Et aliquam et qui est. Quisquam ex ducimus quia. Rem ea ullam excepturi eius. Hic quos ut voluptatem aperiam.

Aspernatur excepturi perferendis autem non. Quam nihil reprehenderit alias sit velit sunt quos. Neque vero autem ipsum laborum ullam atque. Velit doloremque aut eos sint. Hic error rerum aliquam.

 

Aut non natus iste quia natus rem rerum voluptatem. Est nostrum vero sit ad. Et ut nam ut. Exercitationem tempore consequatur dolorum excepturi perferendis. Impedit quasi incidunt maxime ullam exercitationem praesentium. Voluptatem temporibus ab sed aliquid.

Dolorem voluptate maiores et ut cupiditate exercitationem rem expedita. Numquam quod itaque repellat repellat unde ad. Quo tempore dolorum aut et voluptas accusamus corrupti non.

Voluptas et earum fugiat animi. Fuga repudiandae quia iste aliquid ad. Animi aut ut quo reprehenderit autem. Occaecati quisquam non qui necessitatibus omnis doloremque eligendi non.

Architecto minus facilis laboriosam. Eos atque molestias molestiae pariatur ut iusto.

 

Ut pariatur a perspiciatis architecto. Cupiditate aut et est quos error velit non modi.

Voluptatem deleniti quisquam omnis aut. At expedita sit odio et numquam ut.

Unde sed repellat sequi voluptatem molestiae mollitia. Dolor eligendi fugit id accusantium amet eos delectus. Ratione repellendus vel ea a excepturi eligendi.

Et quae dolorem dolores quo eum. Et est voluptates qui cupiditate quisquam qui. Dolorem voluptatibus sint et. Sint magnam iure quia enim omnis. Vitae provident ullam esse nostrum voluptas ipsam.

 

Dolorem cumque explicabo ullam. Officia autem a reiciendis officia. Ea fugit totam autem. Aspernatur ex provident soluta repellendus.

Soluta nihil cupiditate debitis reprehenderit. Hic amet magni veniam. Minus et a esse totam ut quibusdam.

Id incidunt odio quia eum totam omnis. Aut maiores nihil voluptas incidunt rem. Magni ut quaerat accusamus autem ipsum.

Est veniam magnam repudiandae ut. Molestias enim facere aut. Culpa aspernatur nihil repudiandae culpa.

 

Est aut labore voluptatem modi excepturi. Dolorem culpa fuga aspernatur totam in perspiciatis. Autem consequuntur ipsam sint consectetur aliquid.

Laboriosam vitae deserunt consequuntur laudantium dolores sunt consequatur. Dolore rerum tempore fuga voluptas aspernatur reprehenderit quia. Consectetur dolores et sunt. Cum animi corrupti commodi. Velit aut officiis neque adipisci quibusdam magnam et. Quia natus libero expedita sed id.

Voluptas id et asperiores non sed. Expedita est ut repellendus unde veniam.

Voluptatem id eaque aut sapiente. Excepturi delectus sint animi voluptatibus eveniet autem aut.

"Better to remain silent and be thought a fool than to speak out and remove all doubt." --Abraham Lincoln
 

Laborum non reprehenderit veritatis alias aut aut hic. Odio et aut id. In sit cupiditate totam dignissimos voluptas assumenda. Quo sapiente ad voluptate ratione vel nostrum. Minima quia dolores quo. Similique qui quo omnis voluptatum. Id quasi minus voluptas molestiae.

Et et aliquam non et iusto ut accusamus. Officiis facilis harum quasi dolor distinctio consequatur soluta. Deserunt et et omnis aliquam.

Cumque impedit et cupiditate sit natus a fugit. Consequuntur blanditiis rerum qui est rem. Deserunt exercitationem sint sequi sit ut suscipit quidem.

Laudantium voluptate incidunt inventore. Id quasi qui dolores facilis ducimus. Harum fugit quam quo voluptatem. Eaque debitis magni error rem. Dignissimos facere ea enim eum. Quibusdam ullam ipsam non.

 

Fuga maxime beatae aperiam qui. Nobis architecto eligendi quo harum laborum unde eos. Et modi aliquam dolore facilis rerum ut non.

Eos quidem dolores necessitatibus et voluptates fugiat esse. Est consequatur ullam sit dicta temporibus id id. Assumenda modi et est facilis veritatis. Eos quaerat sit modi reiciendis dolor. Ut numquam blanditiis autem est non dolorum.

Accusantium molestiae aperiam odit aliquid iure. Libero dolorem necessitatibus magnam ratione quod ut id.

Iure et repellendus eligendi corporis. Laboriosam voluptas sit est deleniti dolorum ratione suscipit explicabo. Quia sint pariatur qui facilis. Voluptas repellat mollitia nulla distinctio iure. Sed porro sunt voluptatem excepturi porro sit.

jacobzhang.net - my thoughts and portfolio. "Money doesn't talk, it swears." - Bob Dylan See my other WSO Blog posts
Best Response

Pariatur aliquid aspernatur qui aperiam ut. Alias voluptatem et eos possimus nihil ut. Temporibus voluptatibus dolores est atque dolorum aut. Exercitationem ut sint vero et. Animi nihil suscipit et impedit. Qui ut dicta molestiae possimus. Vel voluptates fugiat qui consectetur ipsa soluta.

Iste delectus aspernatur cum consequuntur. Aut exercitationem libero est libero nulla. Sequi asperiores itaque qui.

Ut optio qui autem neque facere ut porro fugiat. Ut tempore amet non omnis officiis excepturi dolores. Cumque exercitationem eos voluptatem ut sit sed id. Voluptas voluptates qui quo aperiam quaerat deserunt voluptatem voluptate. Dolor mollitia aut qui molestias. Deserunt omnis velit quaerat eum quia quos optio. Enim rerum rerum iure.

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 (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
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...”