WITG is Paradise

After attending countless info sessions, coffee chatting dozens of incoming summer analysts, and most importantly, buying LinkedIn Premium, the PennClubs application has finally opened. DMing PMs over the summer, you know they were impressed that you’d already purchased LinkedIn Premium and had researched the minute details of their courses and careers.

You have your sights set on the most prestigious investing club on campus: the Wharton Investment and Trading Group.

From what you’ve heard, the place is practically a pipeline to PJT - the dapper PMs are always surrounded by the university’s hottest girls at the best Castle parties, where they laugh at the plebeians going to Goldman Sachs.

And, you know the hierarchy. After reading the WSO post, the only real teams are SSG, Tac Opps, and TMT, then in descending order: Global Macro, Real Estate, Consumer Retail, Healthcare, Energy, and Quant if you can tough it. So, you choose to apply to SSG and Tac Opps. To the moon, right?

Cracking your knuckles, you get to work crafting the best 500-word stock pitch that’s ever been seen on Spirit Airlines (you heard some senior talking about it in the forum so while you’ve never flown it, it must be a good stock).

Two weeks later, your work pays off. In your email, it reads “[ACTION REQUIRED] SSG Interview Request”. You eagerly click open the email and place your name in the first time slot on the Google Sheet.

The next morning, you head to your interview in your most stylish suit and the Ferragamo deal sleds you took with you from your father’s closet - he won’t miss them, they’re one of 6 pairs.

Awaiting you in GSR 269 sit two interviewers. The most ripped man you’ve ever seen looks you up and down while his biceps are barely fitting through his Citadel branded t-shirt. The other interviewer is a refined, slender woman with the entire Cartier LOVE collection on her left wrist, a clearly designer bag, and freshly blown out hair.

You introduce yourself, and take a seat. They begin to ask you about your stock pitch, and you quote r/securitiesanalysis. Then, they ask you, “How many windows are in Manhattan?”

You freeze. And you ask yourself. What would Jordan Belfort do? Taking a deep breath, you confidently respond: “Sell me this pen.” And begin reciting the holy grail of every finance major: the Wolf of Wall Street script.

Impressed, the interviews turn to each other chuckling, they’ve obviously never seen an applicant as skilled and prepared as you before. Only a select few Wharton students have seen Wolf of Wall Street, Succession, Margin Call, and the even more rare, Big Short. With the sum of your finance knowledge and interpersonal skills, these interviewers are blown away. You’re obviously on the path to being the first second semester PM.

You walk out of your interview, knowing you killed it. You’re basically guaranteed a spot in SSG at this point, and thus, a spot at Citadel. Moreover, you’ll be the envy of your entire NSO PHINS group, full of pretentious losers studying Political Science.

A few days later, you receive a Status Update: email, this time from Tac Opps. You didn’t get in. But it’s okay. You know your SSG interview was spectacular, and you can always transfer into another WITG team later.

Finally, the wait is over. Rolling into your inbox reads “WITG Status Update”.

Dear Applicant,

This year was an incredibly competitive year for committee applications. While we cannot offer you a position on SSG, we are excited to invite you to join our Dev Team! Meeting every week, you’ll learn from our skilled PMs about modeling, fundamentals, and so much more.

Please apply again next semester!

You sigh. Maybe you’re not in SSG. Clearly it was yield protection, just like in college admissions, like when you were rejected from every school you didn’t have legacy, including SUNY Binghamton.

And, you didn’t even know what Dev Team is. Someone even mentioned it had a 100% acceptance rate, as it is the general body member program. But hey. It’s WITG. You’re still better than every other student, wasting precious time doing frivolous activities to bring them joy rather than starting their own blockchain consulting firm.

And, maybe, you’ll settle for a spot at Goldman. After all, you’re still at WITG the most prestigious club on campus, and you’re far more prepared than all the randos having fun.

Sighing, you update your LinkedIn status to “Incoming WITG Dev Team Analyst”.

WITG is paradise.

 
Most Helpful

Hope Penn kids realize how all the recent posts about WITG and wharton clubs make the club look so bad 

 

Well, it looks like our aspiring finance major may have to settle for the Dev Team instead of SSG, but hey, at least they're still in the most prestigious club on campus! Maybe they can start their own blockchain consulting firm while they're at it.

And let's be real, who needs SUNY Binghamton when you've got WITG? It's practically paradise for finance bros and bro-ettes alike. So what if you didn't get into Tac Opps? You can still attend Castle parties and laugh at the plebeians going to Goldman Sachs.

Who knows, maybe next semester you'll apply again and land a spot on one of the coveted teams. Or maybe you'll be too busy modeling and learning about fundamentals in the Dev Team to even care. Either way, you'll be wearing your Ferragamo deal sleds with pride and updating your LinkedIn status to show off your WITG membership.

Cheers to the finance life, my friend.

 

Eligendi pariatur illo voluptatem in. A qui blanditiis vitae. Et consequatur et aut. Alias veritatis amet tenetur corporis.

Id eveniet numquam dignissimos recusandae aspernatur quo. Eos ab voluptatem magnam nam ea labore dignissimos ut. Error consequatur qui non porro quos repudiandae quasi. Architecto rem accusantium laborum et minus quia quasi maxime.

Illum nemo suscipit quibusdam error. Eligendi aut et ipsam eos nulla voluptatem.

Expedita reiciendis tempore vitae commodi eligendi quod ut optio. Dolorem perspiciatis eaque non. Ad nisi quaerat quod alias voluptates.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”