My girlfriend told me that many Chinese undergraduate students studying in the United States are paying anywhere from $30,000 to $40,000 or more to receive training from current banking employees on behavioral and technical interview questions. Some of the agencies they use for this purpose are Dreambig Career, One Strategy Group, and WallStreetTequila, among others. These agencies hire current banking employees who specialize in investment banking, sales & trading, and many of whom are also Chinese. The employees teach students the basic knowledge required for the industry, provide referrals, and guide them on the questions that will be asked during interviews. Students follow their instructions in order to land job offers. These agencies claim that 99% of the students who receive offers from investment banking firms are trained by them.
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also chinese and can confirm. find this unfair and quite absurd - literally just rich kids who dont want to put in the effort using their parents money
go on xiaohongshu and u can find tens of incoming SA at centerview, evercore, jpm, ms, etc who uses these services
unfair bc its not even Chinese people forming connections and helping each other, its just rich international students finding the loopholes in the process and taking seats away from those who actually earn it
If there’s any scam/fraud/fake resume ( although I doubt they can pass background check) and you do have evidence, just report it, to HR/Compliance…not difficult to find contact.
If not, don’t SPREAD RUMORS.
Sounds like whining losers not only jealous of someone else’ money but also can’t work hard enough to get your own offer with all the alumni network and career service.
LOL imagine paying 30K just to end up in the same Analyst class as Brad (or myself) that played LAX at duke and just had to make a few calls to his SAE buddies..