Why in IB is common practice to hire graduates without a finance/economics background?
Interested in different perspectives. In my country it's essential to demonstrate a connection between studies and career path. Personally, I did a bachelor's degree and a master's degree in finance. I don't understand how a person, even if smart, can have a deep comprehesion of the subject without this kind of background. I mean IB doesn't really require that at entry level. But really, is that diluted the value of knowledge in this space? I refer in particular to the countries where it's common practice, i.e. UK and US.
because it isn't hard? really how hard is it to use high school (or even elementary school) level math applied in business contexts? how hard is it to BS eloquently on pitch decks/reports? it's not.
any decently smart person can on-ramp fairly quickly in most vanilla finance or business jobs. it's an absolute fallacy that you even need anything near an undergrad degree in those areas to hit the ground running (and is also why i don't see the point in them..).
the real value add in these jobs are the intagibles: how you communicate, how you influence, how you navigate murky scenarios etc those aren't qualities instilled in you through a business/finance degree they can only be picked up through experience. most people would rather the 3.6 Harvard Gov kid who did lax rather than the 4.0 Finance hardo from some random biz school.
the best preparation for business/finance, imo, is a broad liberal arts education with extracurricular responsibilities and maybe a supplemented top MBA.
Facts.
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