RESUME ASSESSMENT - Interesting story

Hello everyone,

I have never posted something on this site, but a couple of days ago, I got the following resume on my table, and I wanted to know what people think about it:

XXX is a sophomore, does his first two years at an elite college (HarvardYalePrincetonStanford), 4.0/4.0 GPA, Top 1% of class, SAT IIs are 770/800/800; major in business, minor in Genetics; began studying economic law at law school at the age of 16 in addition to graduating from high school as one of the best in his country; received his first offer from GS Equities at age 18 (!), interned there after his freshman year, created various new stock screening models; placed 4th internationally in a securitized derivatives trading competition where he developed an interesting trading technique using tracking stop-loss orders that somehow move togehter with strong trendlines (don't nail me on the details here); just left HYPS for Europe where he founded his own company in real-estate trading; varsity-level tennis player with dozens of first places in tournaments; semifinalist in his country's Math Olympiad Program and countless other academic awards.

How can this be possible for a person not yet 20?????

 

If that person had that good of credentials then they must be some sort of dumbass if they can't find a better job than I-banking.

armchairnabokov:
you forgot to add "has never been laid" to his list of accomplishments

Or been to a party.

 
Der Bankier:
If that person had that good of credentials then they must be some sort of dumbass if they can't find a better job than I-banking.
armchairnabokov:
you forgot to add "has never been laid" to his list of accomplishments

Or been to a party.

what are these better jobs you speak of?

 
sei99:
I didn't think any of the H/Y/P/S schools had a biz major . . .

They don't, but Penn does.

I'm a senior at Princeton and I run into kids with these sorts of lists of accomplishments all of the time and the only thing that impresses me about these types of people is their utter lack of social skills. If this guy is as quantitatively enabled as he seems, he should just end up at GS Quant like every other brilliant socially inept person who wants to do finance.

And I've founded my own company that did something similar. Just because you start something doesn't mean it will be successful or that it was a good idea in the first place.

 

[quote=gibranmeng]It's possible though. Look at Woody Allen's kid.

http://en.wikipedia.org/wiki/Ronan_Seamus_Farrow[/quote]

Wow... this is from Wiki

"After receiving his A.A. degree, Farrow transferred to Bard College, going on to become the college's youngest ever graduate at age 15. He double-majored in biology and philosophy.

At age 16, Farrow was accepted into law school at Yale University. He deferred his admission until the fall of 2006 to work as Special Assistant to former Assistant Secretary of State Richard Holbrooke and for additional work with UNICEF."

 

Whenever I hear stories like this my first reaction is jealousy; I will quite simply never be able to match someone like that (assuming he is being honest in his claims).

But then I realize that to accomplish all of those things he had to sacrifice a whole hell of a lot. I really don't think it'd be worth it.

 

Graduating at 15? At that age I was more worried about getting a date for sophomore cotillion rather then working for UNICEF. Overachieving is one thing but sacrificing your teenage years is pointless. Might as well enjoy while it lasts and do all this stuff after say 18.

 

well i'd grant him an interview. but the securitized trading thing is a dangerous entry on a resume. we'd lay into him pretty hard and find out if he's making it up.

the main question is why would you want to do banking given you've started a real estate co etc

 

As awesome as this guy sounds (if he is telling the truth), I would not hire him if it was up to me.

Why not?

Because unless he could really convince me otherwise in the interview, I don't think he'd last in the cookie-cutter corporate environment. He sounds like an iconoclast and an impatient guy who jumps around in his ambitions. Along with analystical ability, being successful in IB requires stamina, patience, a certain kind of humility, and a willingness to jump through hoops day in and day out. This sounds like the kind of guy who'd lose patience with the hoops and quit three months in. And if you've done all that stuff, are you really going to bow and scrape for some 28-year-old associate who just went to b-school like a regular guy? I would be very impressed and surprised if this candidate could pull off an analyst role.

 

Mis Ind-

I do agree with you that this guy (although he was able to verify everything he wrote on his resume) does not really fit into our I-Banking division. We are currently planning to let him interview with the Global Markets people who can't wait to see him (and test him on securitized derivatives). I sort of get the feeling that they will ask him questions he can impossibly answer just to see how he reacts in situations where he has no clue of what to do or say. So, interviews start in 10 minutes!

CU

 

He also spent a one day internship at CTU in Los Angeles. It was one day.. but what a day it was.

BTW, using little hindi terms on this board and thinking it is cool because no one knows (or cares)~ little boys making up a code about how they hate girls and they have cooties.

-------------- Either you sling crack rock or you got a wicked jump shot
 
Best Response

Exactly, Buyside! I invented a word. (My bad.)

Der Bankier, entrepreneurs have a far higher standard deviation of salary. Most investment bankers don't want to bear that kind of risk. Sure, I might have a mean expected annual salary of $300,000 starting off as an entrepreneur, but if my sigma is $275,000, I'm gonna be way more comfortable as an analyst. You think I didn't turn down multiple offers to take this job? I could have accepted an entrepreneurial offer that included a small but significant percent of the shares of a company doing $30m a year. It could have made my fortune someday... or I could have spent years of my life working for a no-name business only to have it fail and receive pennies on the dollar (or nothing) after it paid its debts.

I don't think you're going to convince any real banker on this board with spotty references to "a kid that went to your high school" and his current monthly salary from a dot-com.

 

Quite a wordsmith you are.

I have a friend that is an entrpreneur. He has successfully burned through at least $200,000 (in a asset-lite business) and has little to show for it. He could easily work be a 3rd year analyst by now at Lehman where he recieved an offer. For every guy making $15,000 a month there are five others with nothing to show for it. On balance it creates value, but there is a lot of risk.

---------------- Account Inactive
 

...first of all, if that resume is true he could get a job at any hedge fund that hires out of school (and most that dont), including big names like Citadel, SAC, etc. Clearly that's better then banking. Besides, i think the issue isn't that he could get a "better" job but rather that he would be bored in the banking enviornment. A person like that needs to be someplace entrepenuerial (spelling?). Send me his resume if you don't think he's suited for banking (which he isnt). Seriously, send it...and I prefer if he is a loser/social introvert. We can teach him to go out drinking if we really want to...

 

Bondarb-

Our Global Markets grilled him yesterday on first-round interviews. He was very firm on the analytical stuff; in fact, he was the only one that day who got all the technical questions and the brain teasers right (and he did that faster than anyone else). However, my impression was that he failed on the social/personality-related stuff. In that sense, he in fact is, as you say, a "loser/social introvert" - and a radical one indeed.

Right now, our Derivatives Structuring & Trading Group is extremely eager to get him here; however, some MDs have voiced concerns that he may be unable to work cooperatively in a team-focused environment. He seems to be more of a "lonely warrior", rather than a team-player. In addition, he won't graduate until Jan. 2009, and we normally only hire interns that graduate the summer after their internship (on the other hand, GS hired him at 18).

Now, I am not in the position to decide upon whether an offer will be made, but I would like your opinions on that as well. Does analytical ability exempt somebody from the requirement of being a team player??

 

Nope. The analyst role merely requires above-average analytical ability. Too much (IQ > 180 or the equivalent) is wasted. What I think is required more than anything is:

Humility Stamina Patience Excellent understanding of people Good grasp of politics Deep desire to succeed at all costs

 

I wasn't there all the time (they interviewed him almost 2,5 hours -- way more than we usually do and way more than our firm-wide interviewing guidelines recommend). However, these were the ones I was given copies of:

  1. At a movie theater, the manager announces that they will give a free ticket to the first person in line whose birthday is the same as someone who has already bought a ticket. You have the option of getting in line at any time. Assuming that you don't know anyone else's birthday, that birthdays are distributed randomly throughout the year, etc., what position in line gives you the greatest chance of being the first duplicate birthday?

  2. You have 12 coins identical in appearance, of which one is counterfeit and weighs either more or less (you don’t know which) than the others. Using a balance scale, how can you determine which is the counterfeit in only 3 weighings?

  3. How many students must be in a classroom in order for the probability that at least two of them share a birthday be greater than ½?

  4. A mathematician wishes to create a balance scale that can weigh any object who weight in pounds is a whole number. The object will be placed on one side of the scale, and various weights of known weight will be placed on the other. What is the minimum number of weights needed to be able to weigh any object 31 pounds or less?

They are actually very hard questions compared to the brain teasers we usually ask applicants to answer. Any comments??

 

....in investment banking it may be a drawback not to be a team player or to be socially introverted, but trading on the buyside is perfect for "lone warriors", as you have termed him. When positions are going against you nobody can help, you are indeed alone. It is the perfect place for offbeat personalities b/c results are the ONLY thing that matters, not politics, ability to shmooze, etc. Finding somebody with that kind of ability, teaching him the basics that he needs to know, and turning him loose is ideal.

 

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