Addressing the "worker shortage" in IBD from a jaded banker
There's some unsavoury characters here claiming "anyone with a pulse" can break into IBD now. Althought IBD's prestige has fallen by a HUGE margin since the 80s and again by a STAGGERING margin in the late 2000s, this does NOT mean your Ohio State, 2.9 GPA, African American Second Generation Immigrant ass can break in.
It simply means that the roles in IBD that were traditionally reserved only for Wharton, Yale, Harvard, Oxford, Cambridge, Dartmouth, Georgetown, LSE, Imperial, Warwick and Notre Dame kids are now also considering kids from tier 2 backgrounds, such as Princeton, Chicago, Stanford and even MIT.
Again, this does NOT mean you can break into Private Equity (especially megafund) without a tier 1 pedigree (Oxbridge/WHY) or a tier 1 MBA (LBS/INSEAD/HBS/W).
Can someone from a Tier 3 MBA (UChicago/Georgia Tech/UVA) still break into corporate finance?
uchicago is tier 2, uva is between tier 3 and 4, i didnt even know georgia tech had a mba program
Can someone from Harvard/Princeton/Yale still break into commercial/retail banking or is that out of the cards?
commercial banking isnt hard to break into
yale is best regarded out of hyp
then harvard
with princeton at a distant third
Aren’t you the kid still in high school who started a few dozen troll threads this week?
Kinda sad how this kinda racism is allowed on this forum. Just went through a couple of other things this person has said on other topics and it’s very troubling.
This guy is a troll. He shouldn’t be allowed to post but by no means is this actually representative of the typical person in industry…
if youve been in high finance for 3 years and you still think minorities/immigrants or those without the right pedigree (wealth and education) dont have a glass ceiling, youre dumb as fuck
awww, sweetie...
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