Nepotism at IBs
Wondering how much family helps when trying to break into finance. I'm currently at a top 10 undergrad, but it's not known for IB placement. I don't want to work my connections, but a family member of mine is a managing director at Goldman Sachs right now. My major isn't finance oriented, but as I'm getting closer to graduating it's looking like a more viable path.
Will this family member connection be a serious help or should I not even try it?
Assessment centre is pretty much as far as you can go in terms of pull from people you know in finance.
Also I wouldn't be ashamed of "working your connections". You have a golden opportunity to learn about the field and if it genuinely interests you, go and apply and be interviewed. Just recognize that privilege you have and don't let it go to your head.
Unless you’re the actual child or relative, best a connection will get you is just a foot in the door (first round)
I've seen plenty of "sons/daughters of friends" getting spring weeks and off cycles. That's a huge advantage imo.
Less helpful than you would think beyond getting a first round given it isn't your dad/mom, though it is a differentiator if all else is equal.
MD is good. If your dad is a client its prob the best.
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