Summer 2027 Is this Rigged?
sorry for the title
Currently a soph at H/S (not nepo, not dei, and from a middle-income background), interning at a Tiger Cub this summer targeting IB/MFPE. I have all the right stats (GPA/SAT wise), networked 10+ at the top BBs and 3-5 ppl at each EB, spoke to Partners/MD at PE firms, and have done all the right things there. I'm also in the right clubs as well.
I did not recruit RX (not coming from a finance background for the most part and just seemed like too much work)
I've done the technicals and behaviorals, but losing motivation. Applied Jan 1-5 when apps came out as well.
Really haven't heard anything besides Point72, but I don't think I'd do well in the pod model.
Wtf is going on? I know others have dealt with the same and heard friends at Y/P also dealing with the same shit.
The only people I know who have had offers have been nepo/dei through things like the Emerging Leaders Series (GS).
Not as high a target but same vibes here
Yeah im not sure if I screwed other parts up or what im doing wrong. But ppl keep saying EBs are running right now, offers are out on linkedin, so im starting to get a bit apprehensive
ASO2 heading recruitment for my school at an EB... brutal cycle incoming this year, huge group of strong candidates with referrals + senior push and we have to narrow it down to only a few candidates to push... keep your chin up and keep sharpening up so when something comes you kill it on the first try
I spoke to the head of recruiting of a few firms, have had direct pushes from MDs too, and spoke to head of recruiting for my school at some firms. I'm sort of confused, maybe timelines haven't kicked off for some firms, but a lot of people at my school haven't heard anything either.
Same here man, top target high GPA, 2 pe internships, will be interning at a 10B pe fund this summer, got refferals from partners/md/ed, 0 interviews, but im international
Same here. I don’t even have motivation for school at this point lmao
unlucky - keep grinding dawg
The sentiment I got from bankers were that HR's influence has gotten increasingly substantial. Some of the senior bankers said that they can only recommend me to the HR but have no direct influence. So even after the diversity pipeline, I assume those HR would want to have a diverse range of candidates. For example, a girl from University of Rochester with one relevant finance internship can be selected over you. I know of someone from my school spoke with 10 bankers at a certain firm get the first round but my friend at a lower target with 0 call got the first round as well and he is from a Mexican household.
Assuming you go to S
Stanford doesn’t have school teams at a lot of NY offices so you get lumped with the non targets which run later.
Hi, how much later than target processes do these run?
Rx more meritocratic and rewards non DEI smart kids. No worries, you can 100% nail FT just land smth decent for SA27.
ahhh i love to see it the nontarget with 0 networking gets the offer over you. welcome to the crazy world of dei bullshit and nepo hires from schools like uga.
makes sense why that dude shot up blackstone a year back
bros replying to his own comments. he’s letting the schizo out
You need help
Patrick — is there a way to get this guy banned
You have to be a different level of stupid to not realize one of the “examples” you posted is literally someone at a target school.
And the other one isn’t even in IB. You’re just actually stupid 😭
u are a subhuman
Congrats on the Chud SA offer!
You’re rage posting over DEI because you’re an intellectually challenged Rice alum who couldn’t break into NYC IB. Maybe if you knew anything about banking, or what the role of a summer associate even was, you would’ve had better luck. Spend some time learning rather than crying on WSO
oh i really fucking care about some gay ass little ib job. /s dude i already was on the desk. i could give less of a fuck.
and while you're crying over some stupid comment on wso. im already sitting on a company i have equity in.
also prospie did your break in
You haven't even started your current internship and are looking for the next one? The timeline is so fucked, the hell.
Has nothing to do with DEI. Looking at target school super day list for non-diversity - it was literally who you know + white males. Waitlist was good candidates who didn’t fit the two buckets. Also HR doesn’t make decisions - school teams do.
Exactly. Looking at Linkedin, not seeing any diversity, unless women still count.
Not always. Not every bank has school teams, even for some targets. Yes, HR has a huge influence for many banks without school teams. Also, HR has 100% influence for DEI pipelines at every single bank. The recruiting has a lot to do with DEI and anyone denying this is just dumb enough to not understand the numbers.
I’m genuinely so confused. DEI got repealed like what? 2 years ago now? You even have dudes like mark zuck coming out and dunking on minorities openly. You guys are truly still bitching about DEI? Must be a skill issue. At my shop recruiting is wrapping and as usual (like it’s always been) we took 95% white and asian males. Sorry gents, this truly is just a skill issue. Recruiting is hard. The dudes we hired prob spent less time crying about blacks and Latinos on WSO.
congrats on ducera
Congrats on a PWM summer lol
Del
Unfortunately what has happened is that nepotism took over whatever small space DEI gave up.
1) there’s a lot more kids who ended up at dumb people schools post-Covid (SEC Schools, U Richmond, etc.)
2) people who you think aren’t connected could be (the Asian / Indian millennials are more likely to have been born / raised in the US) and can have connections even if they don’t talk about it. These parents / kids are far more assimilated. 10 years ago this was less likely to be the case.
3) DEI isn’t dead. What has likely happened if you notice less color diversity is the gender hiring requirements are consistent so these seats go to white / asian women (some also nepo). It was always the case that DEI mostly benefit white women over racial minorities of either gender but this is more pronounced today.
4) The avg. millennial is overly neurotic (not a great parent) + the bohemian lifestyle of wealthy people has tampered down. It’s easier to support your adult kid if they look like they have their life together along with hyper helicopter millennial parenting means they do the most to get their kids the first / second job (even if that person doesn’t need to work at all). 10-20 years ago, this person would’ve ended up “following their passions” today apparently everyone’s passion is investment banking.
5) It’s too risky to hire total randoms. Analyst quality has noticeably dipped post-COVID. You have a much higher chance you get a woke warrior vs. someone that’s pre-vetted for vibes.
6) maybe you lack charisma. It’s really hard to say without meeting you in person. I had a networking call with a hardo gunner recently and the guy kept cutting me off when I was giving advice. I usually take an hour for everyone that bothers to email me but at the end of the call was not interested in helping him anymore.
I'm OP, I ended up getting a top EB/BB, but was lucky.
That’s great, glad it worked out!
You’re interning at a Tiger Cub - what are you complaining about. How did you get that?
Nepo for sure. I did as well and it was through an alumni of my fraternity.
op here. my dad's a mailman, and my mom works at a nail salon, so i guess im nepo?
You’re probably just a squid
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