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I think that’s actually why ge is in trouble. They could hire the best people who didn’t have the ambition for banks/hf/consulting etc. GE bought high and sold low in virtually every industry in the last ten-twenty years.

 
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besides being nonsensical, it is also wrong.

If you want to blame Immelt, I'll drive that bus. However, saying ge failed because they could hire the best non-hf/ib/consulting people is just stupid.
1. If that were the case, EVERY company would fail. By definition, corporation hire people who either dont have the ambition or don't make hf/ib/consulting. 2. Just because people dont have the desire/ambition for one career (obviously) doesnt make them any less capable than others that do. 3. The OP was asking about entry-level jobs. Do you think those guys are even making the decisions on m&a? OF COURSE NOT. It's usually only the top few people at a company making the m&a decisions and, ironically enough, they're more likely to have that ib/consulting background than the kid in the FDLP.

twitter: @CorpFin_Guy
 

Do you mean prestigious as far as getting into a good B-school? or just the regular prestige of having your friends and family go "ooo nice" when you tell them where you work? If you're talking about Business school prestige, my guess is that FAANG and really any F100 company are going to be about equal. If you're talking about the "regular" prestige, then I have bad news for you.. in CF, it just doesn't work like that. Outside of Google or maybe Apple, no one is going to be that impressed by where you work. I'm not sure what your state in life is now, but you'll understand it when you get there- CF doesn't really carry any social prestige until you're a director or above.

 
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