murdoch daughters working at GS
The youngest daughters of Rupert Murdoch are GS SAs and I'm honestly not surprised—I just can't help but to feel bitter.
It makes sense for them to have every door open and the hardest opportunities handed to them. Whereas the average person at a nontarget has to work infinitely more to get to the same place and I doubt they even have a clue about the average experience.
Also, I find it extremely hard to comprehend 2 extreme nepo babies working in IB when they don't have to be working at all. But I guess it makes sense to have it on their resume just because they can.
Edit: genuinely wonder what they do all day. any GS analysts care to share?????
Summer camp for them, also ngl kinda hot
^^^^^^^ Future MD mentality
What ya gotta love about the SAs, as I get older they stay the same age
Really? Zero Standards
They don’t mess around with heathens..
Quit bitching you’d do the same shit if you were in their shoes.
never said i wouldn't. i would do the same thing if i was in their shoes and same for my kids.
but it's not me so im just going to be a hater
Fair enough honestly
If I were a billionaire's kid I can assure you the last place I would be is at an investment bank lol.
True, I would be doctor pharmacist, opening up drug stores and selling pills touching on the profit instantly
To me, the most shocking thing in the world is when people are surprised at anyone doing something that is in his or her best interest (or at least perceived to be). Don't you think it makes David Solomon and the rest of GS happy to know that the most notable media magnate (not to mention, my least favorite person) of our lifetime wants his daughters to work for them? Wouldn't you hire Warren Buffett's grandchild if he asked you to (perhaps Warren is a bad example bc of how principled he is)? GS job guarantees nobody anything beyond a paycheck in the immediate term and a nice line on your resume, but at one point nepotism won't get you the job unless there is adequate economic incentive (e.g., D.E. Shaw would never consider hiring his daughters unless Murdoch becomes an LP or they are genuinely bright investors).
GS hires ~300 analysts everyone, I would estimate only 60 are legit and that is enough. It truly is nepo and DEI central over there and the good analysts get cranked. TMT especially maybe only have 10 total good ones across SF and NY
Have to echo this - was formerly in IBD in London and the breakdown of AN/AS was basically;
-back office laterals (mostly India)
-DEI hires
-nepos
-genuinely deserving people
Interned at the most comparable comp and the proportion of people in bucket #4 was disproportionately higher (vs GS).
Still think GS is a no-brainer for the CV, but definitely not a place a normal person could stay over the course of their career; it’s a bit of a favela on the inside, completely merit lacking, and they’re cheap…
grace is chill, shoutout branford ‘25
am I trippin or are there way more nepos in branford than any other rc
really? who else is in BR
trumbull better
Ngl, top hs feeders, HYPSM, and solid GPAs, so they def are locked in on their own to an extent. But still wild ngl
asian mom
Mate they’re not at Goldman for money or a career. They’re purely there because they’re not the successors of the Murdoch media empire, they’re the spares. Real heirs like Lachlan Murdoch don’t do analyst stints, they inherit power directly.
Contrary to popular belief, the hard truth about high finance jobs (Unless you own the firm) is that they don't equate to any type of power, they polish you to become well dressed operators who are high paid to a majority of the normy population but poor to people with real wealth. The problem is, OP talking like these roles are the top of the pyramid, as if they represent real access or control, newsflash they don’t. If Kids like Murdoch's end up in these jobs, its a clear signal that they don’t own the table, and just want to look like they belong near it.
FACTS!
Good point, but when Lachlan graduated college 30 years ago, Rupert was still young enough to provide mentorship professionally.
Not true nearly all of Arnault's kids started in top IB/MBB before joining in exec positions at LVMH. It gives solid training, network and good brand name so you don't look like a complete inadequate nepo kid (obvs bad optics for company and employee morale if some dumb college grad is parachuted in above them)
Crazy take. Anyone who has done an analyst stint in banking knows that you literally learn jack shit, except for how to eat shit and make the shit look pleasant while doing so.
GS serves as an extension of an au pair - it’s nothing more than a 2-yr+ baby sitting gig so the parents don’t have to do it in-house.
Exactly. This is a service industry like any other. Only in this case we're servicing a particular sort of client.
This is not accurate.
Plenty of heirs have done banking / PE prior to assuming a role with a path to actual leadership at their family’s company
I'm non-target AF but if I were a Murdoch type character, I'd be sending my kids to Allen & Co, not GS.
Does Allen hire total beginners? Serious question. I thought it was too small to have room for kids who will need lots of handholding.
Bro confused Allen with real banks. Allen is all about relationships lmao
Yes they have a good amount of nepo sophomore and junior SA every year
To have a career in this industry you need to get over things like this immediately. Not trying to be rude, it’s just a reality.
Nah resentment is the best motivator
“Hate is nature’s most perfect energy source. It’s endlessly renewable”
yeah this makes sense, personally in a family with a big family business, and doing target + IB / PE is the way to get credibility to go run it.
Nah, these girls are not inheriting Fox, thats why they're at Goldman.
Anyone in their intern class more concerned by nepotism than how to get in their pants is totally misguided
“find it extremely hard to comprehend why…working in IB when they don’t don’t have to be working at all” - some people find it genuinely interesting, and want to do something productive that can advance their skill set, etc.
.
Imagine caring and being “bitter” about this. Control what you can control, this is not it.
Perfect response to this crappy bitter post, dudes mad cause his parents couldn’t give him an easier life with access to bunch of connections.
Hardly a surprise. GS full of Nepo babies. A lot of the top brass are Nepo babies who built a whole career at GS. Can people just realize that rare are firms actually meritocracies, especially the bulge brackets.
I think what’s being missed here is that their networks and father are influential. Nepo babies can have daddy make every introduction necessary. I wish that was me, but there are plenty of ways to build.
Some of the better junior bankers I’ve known were nepo, but it was also a factor of their upbringing. You talk to the wealthiest people in the world from age 2 and that often can mean something professionally.
I also know some billionaire heirs who just go to yacht parties and hang out. It sort of depends on the individual.
One of the wealthiest guys I know who was an investor in my company has one son who is a successful nature photographer, 2 who do basically nothing and one who will eventually take over his empire and works very hard. They all had the same opportunity set, but it doesn’t always play out in the same way.
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