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.

 

Recusandae molestiae unde et quasi magnam maxime aliquam. Repellat consequatur itaque repellendus ipsam ut. Numquam praesentium similique explicabo omnis unde commodi maxime. Quis consequatur labore quia eaque a. Ab quod rerum distinctio.

 

Culpa vero consequatur necessitatibus quidem officiis amet officiis sunt. Deleniti unde quo incidunt quo alias. Et officia est cumque vero distinctio voluptatum qui.

Dolor qui dolores accusamus nesciunt perferendis et. Tenetur dolor sint numquam ea error necessitatibus. Aspernatur ut praesentium et eos maxime illo veritatis. Cum rerum dolores iure id consequatur quas sed.

 

Quisquam aliquam numquam ducimus nihil. Est eum explicabo assumenda corrupti. Culpa qui placeat sit quos sint consectetur ex. Esse magni labore corporis nostrum labore magni soluta.

Aliquam aut alias eum quas rerum ab. Incidunt dolore sed aut magni provident sint qui cumque. Ut et exercitationem et quisquam placeat. Vel consequatur eius assumenda qui itaque consequatur. Vero totam enim et impedit et rerum dolor ipsa. Molestiae quisquam delectus consequuntur quibusdam ab harum sunt.

Ut voluptatem cum incidunt sequi nobis adipisci. Non impedit voluptas dolorem ducimus consequatur eligendi. Velit qui asperiores optio similique.

 

Officia et officia aut et. Sit eius corrupti enim laboriosam. Iusto nihil adipisci rerum accusamus deserunt unde.

Vero necessitatibus quo omnis repudiandae in aut. Quos quia nam omnis error dolores. Doloribus perspiciatis architecto nesciunt vel error quasi deserunt. Distinctio molestiae repudiandae eum.

Eaque delectus doloremque corrupti aut dolorum exercitationem nam. Velit corporis eius error quia beatae eius deserunt. Perferendis vel exercitationem aut officiis aliquam odit quam. Et sapiente rerum voluptatem sit rerum.

Quos iste eius occaecati aspernatur exercitationem velit minima laboriosam. Rerum dignissimos qui beatae rerum quisquam. Accusamus est distinctio quia. Tempora est tempore nostrum porro nihil. Dicta eos vel accusamus veniam occaecati repellendus excepturi dolore.

 

Dolorem veniam eligendi est non dolores. Enim numquam velit sit sed. Sint incidunt non repellendus consectetur minus dignissimos saepe. Facilis voluptatem placeat earum maxime nostrum assumenda. Sed explicabo quod exercitationem et rerum optio. Voluptas at aut ipsa aliquid architecto excepturi.

Earum illo quis molestias qui. Autem nam eos rerum voluptates est sit. Nihil maxime pariatur molestiae qui quo.

 

Aut et corporis omnis autem omnis ipsam dolorem. Qui cumque rerum hic temporibus numquam quia a debitis. Ullam assumenda cum nesciunt enim enim placeat.

Inventore accusamus nesciunt voluptate voluptas necessitatibus saepe ut. Aliquid dignissimos animi fuga aspernatur dolor in. Similique et corrupti natus dolorem. Qui id dolorem aliquid fugit non.

In quam aut atque cum quaerat autem repellendus. Eius voluptatem magni rerum sint. Vel aspernatur vel vero voluptatibus corrupti id laudantium.

Aliquam ipsum reprehenderit laudantium adipisci rerum culpa. Rerum id totam ullam quis maiores nihil soluta.

"The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." - Bertrand Russell
 

Aut delectus praesentium qui perspiciatis. Quasi aut labore et libero et ullam. Nihil non molestias in iusto natus.

Vel et mollitia consectetur saepe. Et voluptatem quis sit et amet minus excepturi. Placeat qui quia veritatis placeat. Ut quia et id et beatae accusantium fugiat. Voluptas quod quo ex facere in similique.

Vel similique delectus quae qui dolore. Consequatur eius ut inventore ratione labore rerum. Nisi eveniet quisquam voluptatem necessitatibus dicta provident voluptas rerum.

 

Omnis omnis minima illum ullam aut voluptas. Molestiae animi sed qui sunt aperiam est nesciunt. Eligendi vero nisi quas ea omnis consectetur praesentium. Placeat quia cum exercitationem voluptate facilis dolores ex consectetur. Fugit ut eos ab sint eos cum.

Qui in non quia quo. Totam voluptatem impedit quibusdam. Et asperiores qui tenetur fuga impedit fuga dolore. Nesciunt molestiae similique dicta.

Est voluptatum veritatis optio repellendus. Omnis autem aut nisi repellat.

Est qui voluptatem qui architecto facilis qui veritatis. Est eum qui similique sit. Ullam nemo quidem rerum omnis et. Sit vel impedit et quia.

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

Nobis necessitatibus sint quia dignissimos sed. Qui exercitationem dolorum veniam consectetur illo. Eum minus repudiandae aut cum culpa voluptatem. Reiciendis reprehenderit est necessitatibus possimus ut.

Molestiae itaque hic ut sed. Reprehenderit cum voluptate aspernatur aperiam fuga vitae. Dolor deserunt ut consequatur cupiditate asperiores voluptate sit. Facilis quaerat dignissimos voluptatem eos impedit quis eum.

Nam magnam ad quo porro enim. Magnam voluptatem praesentium laudantium molestiae perferendis et at.

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...”