Nepo at HYP + Super target

Based on the most helpful WSO content, nepotism still plays a role in breaking into top firms like GS/MS, but its influence has evolved. Historically, having a well-connected parent or mentor could open doors, but there’s been a shift towards more merit-based hiring due to client pressure and HR initiatives. That said, networking remains critical, and connections can still provide an edge.

For students at HYP or other super-target schools, there are certainly individuals with strong family or mentor connections who leverage them to secure opportunities. For example, one WSO thread mentions a student at a semi-target with a well-connected parent in finance who still found it challenging to secure a junior internship at a BB. This suggests that while connections help, they are no longer a guaranteed ticket.

Additionally, some WSO users have noted that diversity initiatives and structured recruiting processes at firms like GS have made it harder for nepotism to dominate. However, there are still anecdotes of individuals with significant connections (e.g., children of high-profile executives) landing roles, though they may not always choose IB due to the demanding nature of the work.

In summary, while nepotism exists, it’s not as dominant as it once was, and students at HYP or super-targets often rely on a mix of networking, academic performance, and soft skills to break into top firms.

Sources: Q&A: GS/MS IB Analyst —> Megafund PE Associate —> HBS/GSB Business School, Recruitment Set Back To "Normal", , , Nepotism pisses me off