Just a random thought. There are a lot of finance/banking clubs. And it’s provides good friendship and network to break in. Why the club network doesn’t carry after people graduate? Do you know any college clubs that still maintain and socialize after college? Is there any college like club for professionals?
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Generally, the leadership teams of these clubs are generally tight after graduation, especially in NYC. For the general member, it was just a way to get onto listservs and hear about campus recruiting events, so they don't give a shit.
I know some of the more exclusive intercollegiate finance clubs like GPS are still close post-grad.
True
dude you do understand that these clubs are just resume fillers right? point isn't to actually do anything with them
True. I just wish there is more ways to expand networks
There are a few informal iterations of this outside of college, but nothing structured.
I generally find ppl of similar interests in ‘high finance’ informally find each other and stick together. It’s like attending the same TMT sell side conferences over and over again, you naturally see the same ppl there all become friends (at least ‘industry friends’). Same for those distressed bankers who keep running into each other, pitching the same pre-pack deal. Or those wild and crazy value investors ;) on Value Investors Club (VIC) finding each other at VIC meet ups (pre-covid) and bond over deep value securities. CBS’s Value Investing program is fairly tight and continues post-MBA, it’s also a self-replenishing network as alums mentor current students and the cycle continues....w/ CBS’s overall investment club (CSIMA) has similar attributes.
But a formal club of industry professionals doesn’t really exist outside of school, unless you’re at a very high level (i.e. Tiger 21).
That’s true. Thank you for many awesome inputs. I guess people in the same verticals just kind of know each other.
Started my own finance club. The founders and the people who joined the year after are/will definitely stay in close contact.
should have joined a fraternity/sorority in college -network lasts a lifetime.
Hahah should do that back then
There’s industry clubs that serve a similar role. For example, ULI is huge for real estate, at least it is in my market but seems to be the case nationally too
Experiences prob differ but my UK finance society leadership commitee has remained quite close (prob helps finance is concentrated in London vs US with mutliple substantial cities outside NYC).
Obvious answer: it’s fun to Larp as a finance professional for a few hours a week when you’re a college student, it’s not fun to be in a finance club when you’re already doing finance 70+ hours a week for 5+ years. The last thing i need in my life is more finance
Echo'd above, but these are good things to put on a resume. I will say that I'm still close with a lot of people in the clubs I joined in college.
It is tough to socialize when you're all working 100 hours per week, having children, etc...
You'll build your network of finance professionals with those immediately around you and other friends you meet along the way. The last thing you need is a bunch of former classmates from college you met in a club for once a month to be in the same groupme. Nobody wants that lol
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