The recruiting process feels like there is no opportunities for a bullshitter to make his way into IB, but it must've happen.
Do you guys have any examples of someone making it in the industry but getting caught being worthless in the job?
Speaking of Interns primarily, but also post-MBA analysts/associates.
| +419 | Evercore Intern Seizure | 64 | 3h |
| +130 | UBS IB Americas has failed, now behind Santander and Stiffel | 34 | 17h |
| +125 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 43 | 54m |
| +79 | deleted deleted deleted deleted deleted | 45 | 3h |
| +69 | Some banks are overrated as fuck | 22 | 3h |
| +67 | How do I understand vs. just memorizing? | 12 | 3h |
| +48 | Associate & Above IB exits | 18 | 1d |
| +48 | The good and bad with Wells Fargo | 18 | 6h |
| +42 | Tech to IB Pivot | 22 | 11h |
| +34 | Advice on Neuromaxxing | 9 | 4h |
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yea had some idiot from my school get in into a BB (no experience, asshole person), he was only asked behavioral and got into it because he was "diversity" even though he was fully white (his mother was from Spain). This diversity recruiting is making me want to like dick so I can qualify for an easier interview and have better chances.
Sexuality is a spectrum. There’s nothing stopping you from claiming to be bi. That being said, is that really how you want to break in?
no lol I was joking, I'm tired of people who are like.01 Hispanic and black, with daddy's money going in through diversity
Does being gay or slightly hispanic really raises your chances of getting in?
Here in Europe looking at the diversity of Analysts K doubt it would do much.
yea, they have a separate diversity requiting timeline here in the U.S, not only are they accelerated (straight to super day), its 99 percent behavioral and GPA requirement is low. therefore from today on wards, I am gay, I just gotta act gay now in my interviews.
You should come to Asia esp HK/China and see the hiring practices. Every single fucking new hire is a "princeling" nowadays. (The so called Sons and Daughters Program) Even after paying hundreds of millions of dollars in fines, banks seem to have no intention cleaning up their shit. It's like they don't give a f about what the regulators across the pacific ocean think.
You need find a new way to use golden parachute
damn now i know why i got dinged in hk lmao not princess enough:(
So true. Especially China mainland. From internship to full-time. I mean not only in Finance. We refer it as 'fight Dad'.
xswl
This Canadian at my firm makes me question the meaning of life with the elementary questions. Not even a Ivey or Queens hire either smfh, fuck Canada and their good poutine.
Waterloo, U of T, or Schulich?
Schulich
Probably one of those McGill
Happens all the time in London, thanks diversity hiring and spring weeks!
All the time and at all levels. I know it’s hard for many young’uns here to imagine but there is tons of deadweight/ineptitude at higher levels in this industry. They have ridden the tide or the coattails of someone else or mommy and daddy are/were a huge client/ran a country/state etc. That is, unfortunately, life.
Happens a lot.
From clueless juniors hired because of well-connected rich parents to just in time hires at hot HFs, have seen the wrong person get hired again and again.
The only thing is, they usually fizzle out. Most of the ppl who get there for the wrong reasons end up not making it. They didn’t put the effort into getting the job in the first place, don’t put what’s needed to get ahead and more than often blow themselves up.
The intrinsically motivated may initially take longer to get the right opportunity, but they have staying power.
Would confirm this. I currently really don’t like my job and at least to me it’s obvious who the best performers are, those that just are intrinsically interested in the niche asset class in a way I will never be.
A lot of college students (sophomores especially) look good on paper but are clueless about finance or what employers want.
I know a girl recently who had okay grades and good EC's but is a certified retard with financial concepts, and landed an internship at an AM place.
After a month, the MD fucked her off because she just turned out to be untrainable.
One of the more misguided assumptions I've seen on WSO, which is really saying something given the increase in shitters on the site since the pandemic and the anonymous role out. This assumption is wrong for a variety of reasons:
1) Target Recruiting - Both a case of interviewers getting starry eyed by the name and management being able to shirk blame when the new hire sucks. No one will blame you if the Harvard kid doesn't pan out. Putting your neck out for the state-school kid usually isn't worth it.
2) Diversity recruiting - horrible given the unequal quality of the hiring pools. Nothing else to add as it has been discussed at length.
3) Internal Hiring - managers can just fast track a hire and limit resource usage if hiring internally. This person is also less likely to leave . In big companies with limited visibility on other teams/functions, hiring managers occasionally don't understand the role the person is actually doing. A credit analyst can mean 100 different things at a place like BoA. technicals will weed out the real clowns but if the hiring process is expedited and the interviewers are bad, a moron can fall through the cracks.
4) Bullshitters Hire bullshitters - more of tier 3 bank issue, but plenty of people fail forward especially places where junior/mid level talent is not encouraged to stay/is not replaced (MBA hiring).
In 2016. Donald Trump for President of the United States.
I know an associate who didnt know how to create a DCF
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