I saw this on the GS layoff thread. How true would you say this statements is at GS and other banks?
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I wouldn’t read too much into that, there was a lot of piss-taking going on in that comment section. No HR is out there saying “fire all the Kelley grads, keep the Harvard and Dartmouth guys and we’ll think about Cal.” Yeah underperforming bankers get cut but anyone can get unlucky.
Speaking from my summer, but spoke with tons of people from schools you wouldn’t expect who are now MD/Partner.
Sure, going to Wharton or even Middlebury (iykyk) at GS helps, but I really didn’t get the vibe that being a non-target was a disadvantage. Generally if you are high performing + can navigate politics well you will do very well, regardless of your background.
Feel free to take this with a grain of salt but just my two cents
Speaking from my summer at GS. This past SA class was more diverse and included many "non-target" kids. Never felt uncomfortable coming from a non-target, because I never had aspirations of attending a target. Ivy kids definitely have an advantage with the network and being able to assimilate easier. Senior bankers still value school pedigree. Many of the senior bankers were shocked at the lack of Ivy kids, since that was the status quo back in their day.
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