Hedge Fund GPA Inflation
Sorry guys i just want to know this. I caught my friend lying on her resume to several boutique banks and small private equity hedge funds about her gpa as I was on her computer checking facebook (it was open). She basically added like .6-7 to it and i know htis because she's shown me her grades online. This has never come up to me before but as I think about it, it seems like something you can get away with since your college isn't allowed to give out your gpa and transcript without your permission. (i'm not considering this fyi)
I just wanted to know whether these small hedge funds would likely ask for your transcript if they've given you an externship/internship. Anyone have any experience with this?
Shops will ask for transcripts. No, she doesn't have to give them access to these transcripts and no, they don't have to give her the internship/job. Better to be honest and have a solid reason why then lie and pray you don't get caught. Finance community is too small to try things like this.
So depending on what adding 0.6-0.7 means can make a difference...
1) If it really is 0.60 i.e. her real GPA is 3.0 and she wrote 3.6...that's a big deal and she'll get caught down the line.
2) If you meant 0.06 (which is more likely), then rounding from 3.04 to 3.1 is typically acceptable.
3) If you meant 0.06 and she her real GPA is 3.22 and she ended up writing 3.28, that's someone of an issue.
Regardless, 1 and 3 are not good. 2 is okay. Max rounding is the next tenth digit (i.e. 3.22 to 3.3 or 3.26 to 3.3).
I was thinking the exact same thing. MYOB is good advice. Your friend will learn their lesson soon enough.
lol tsk tsk. Tell your friend that some companies will fire employees for having their computers unlocked when they walk away (after one warning, of course).
I'm pretty sure its not his friend and its actually him / her...come on
I have a 3.34, so you think it's ok for me to write 3.4?
No, round appropriately (3.3)
Or just don't round. Leave it to the hundreths place. Never round down that would be stupid.
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