- Golf / dinner plans middle of the week while rest of team got worked
- 3-4 day weekend trips as summer, multiple times, without much of a notice
- Was picked for at least 2 interviews despite bottom 10% resume in pile. Blew those and still oddly got an offer. Thankfully declined to go to a “top firm” so we didn’t have to deal with his work
The well off kids who earn the jobs on their own merit do great (and there are many). Ones that get handed a job by leveraging the connections little too easily are the ones who do above.
In my group we had a 2 summer interns this year who were relate to clients / historical clients. They came from the top university business programs and were technically strong and reliable for work. This surprised me, I thought they would be lazy.
Man y'all know some saints the ppl I know run the gamut just like regular ppl. I know a guy who gives 0 fucks commits crimes etc that his dad just bails him out of (I don't mean serious felonies but like constantly driving drunk etc). Another person who "works" at a consulting firm but basically just travels
then you also have the hard workers so all depends
The Oracle of Omaha who got turned down from the famed investor, Benjamin Graham, following graduation, so he instead started working for the famed stockbroker, Howard Buffett, in Omaha.
How many nepo hires have you actually met / how did you realize they were hired through a connection? Is it because their last name is Musk or Bezoa something so people ask “do you happen to be related to __”?
Back in my analyst days, MD grinds entire team for like a week. Full weekend, multiple all nighters, the whole nine yards etc., including nepo baby, who happens to be daughter of a firm client. Girl is super chill, rolls up her sleeves and sticks it out with the team, albeit with murder in her eyes.
MD goes to an industry conference, and between meetings happens to run into nepo baby's dad who proceeds to tear him a new one in front of everyone. Full on reaming out, f bombs type shit.
Sometimes it pays to have a nepo baby in the team.
I feel like we all know the type: got there through connections, wealthy, unmotivated etc etc. What are some shocking moments you’ve experienced from these people?
Sounds like most people do not, in fact, "know the type."
Here's a secret: people are people. There are lazy people who are wealthy and lazy people who are poor. Think about the amount of work and planning it takes to be considered for a finance job, even with connections. You need to attend a reasonably rigorous college. To do that, you need to get reasonably decent grades in high school. You need to go through an interview process. You need to have some desire to actually work 80 hours a week as a junior banker. All of that weeds out "lazy" people. Someone with the wealth and privilege to just stroll on into JP Morgan and get a job also has the wealth and privilege to do anything else they desire, so why is a lazy asshole going to work on a desk instead of anything else?
And once you're in the door, who even gives a shit if your colleague with the wealthy parents went to a state school at you went to Wharton? IB analysts don't do anything. You don't need a skill or anything more than a room temperature IQ. I know the 22 year olds on this site love to pat themselves on the back about how they're the best thing since sliced bread, but this site's mascot is a monkey for a reason - banking juniors don't do anything except work extremely long hours at extremely menial tasks.
I know it's fun to play the victim, but if the nepo baby on your desk is doing an equally good job as you are (and the overwhelming majority of the comments here make it clear that is the usual experience, and not the reverse), then it shouldn't matter to you how they got that job, now should it? Merit uber alles.
I feel like we all know the type: got there through connections, wealthy, unmotivated etc etc. What are some shocking moments you’ve experienced from these people?
Here's a secret: people are people. There are lazy people who are wealthy and lazy people who are poor.
Agree. Also, I think 99% of people are not doing banking truly for the money. They are doing it becuase deep down they have low self esteems and feel like they need to prove themselves.
Acquiring money is a way a lot of people think that they can prove to others that they are worthwile individuals. Lots of the poor kids need to prove to themselves that they are not trash rather than actually needing the money. Rich kids need validation that they are worthwhile inidividuals rather than trust fund babies. Working 80 hours per week helps both out.
I'm aware of a family friend whose a founder of an IT company (has done very well for himself, his personal net worth probably is around the $25-50M range - maybe more who knows). His company is a client of a Big 4 firm for tech consulting.
I remember one of his kids was pre-med, changed career paths and he got her a job at the Big 4 firm through a couple of calls. Now she's in T2 doing strategy consulting I think. He did something similar with family friends that were either pivoting careers or had trouble getting offers.
EDIT: I'd also like to add - these were during 'boom' economic times when some of these Big 4 weren't overstaffed. I don't think he has the same pull nowadays.
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All the nepo babies I have known have been very chill people and usually nicer than most of their peers and still very driven.
Had a similar experience
Same. They know how privileged they are and take advantage of the opportunity to further their career.
So the 3 nepo babies introduce themselves.
Just to make clear, you’re all highly qualified and despite being well-connected, you got your jobs on your own?
Over multiple years (different individuals)
- Golf / dinner plans middle of the week while rest of team got worked
- 3-4 day weekend trips as summer, multiple times, without much of a notice
- Was picked for at least 2 interviews despite bottom 10% resume in pile. Blew those and still oddly got an offer. Thankfully declined to go to a “top firm” so we didn’t have to deal with his work
The well off kids who earn the jobs on their own merit do great (and there are many). Ones that get handed a job by leveraging the connections little too easily are the ones who do above.
In my group we had a 2 summer interns this year who were relate to clients / historical clients. They came from the top university business programs and were technically strong and reliable for work. This surprised me, I thought they would be lazy.
All the nepo kids I have known have been generous, polite, discreet, not lavish, and eager to learn.
My personal guess is that most nepo kids have already reached the highest level of Maslow pyramide (Self-Actualization).
Thet want to prove themselves that they can achieve (even more and better) what their parents and generations have achieved so far.
Man y'all know some saints the ppl I know run the gamut just like regular ppl. I know a guy who gives 0 fucks commits crimes etc that his dad just bails him out of (I don't mean serious felonies but like constantly driving drunk etc). Another person who "works" at a consulting firm but basically just travels
then you also have the hard workers so all depends
I know a guy who was a grade A asshole. At work he was fine but on weekends he would smoke pot in the middle of the street
sounds fun, stop being such a nerd lmao. You're really calling someone a "grade a asshole" for smoking pot?
The Oracle of Omaha who got turned down from the famed investor, Benjamin Graham, following graduation, so he instead started working for the famed stockbroker, Howard Buffett, in Omaha.
How many nepo hires have you actually met / how did you realize they were hired through a connection? Is it because their last name is Musk or Bezoa something so people ask “do you happen to be related to __”?
bump
Back in my analyst days, MD grinds entire team for like a week. Full weekend, multiple all nighters, the whole nine yards etc., including nepo baby, who happens to be daughter of a firm client. Girl is super chill, rolls up her sleeves and sticks it out with the team, albeit with murder in her eyes.
MD goes to an industry conference, and between meetings happens to run into nepo baby's dad who proceeds to tear him a new one in front of everyone. Full on reaming out, f bombs type shit.
Sometimes it pays to have a nepo baby in the team.
What happened to the girl?
Wow this is such a sick story
Sounds like most people do not, in fact, "know the type."
Here's a secret: people are people. There are lazy people who are wealthy and lazy people who are poor. Think about the amount of work and planning it takes to be considered for a finance job, even with connections. You need to attend a reasonably rigorous college. To do that, you need to get reasonably decent grades in high school. You need to go through an interview process. You need to have some desire to actually work 80 hours a week as a junior banker. All of that weeds out "lazy" people. Someone with the wealth and privilege to just stroll on into JP Morgan and get a job also has the wealth and privilege to do anything else they desire, so why is a lazy asshole going to work on a desk instead of anything else?
And once you're in the door, who even gives a shit if your colleague with the wealthy parents went to a state school at you went to Wharton? IB analysts don't do anything. You don't need a skill or anything more than a room temperature IQ. I know the 22 year olds on this site love to pat themselves on the back about how they're the best thing since sliced bread, but this site's mascot is a monkey for a reason - banking juniors don't do anything except work extremely long hours at extremely menial tasks.
I know it's fun to play the victim, but if the nepo baby on your desk is doing an equally good job as you are (and the overwhelming majority of the comments here make it clear that is the usual experience, and not the reverse), then it shouldn't matter to you how they got that job, now should it? Merit uber alles.
Ozy always spitting the facts that Powerpoint monkeys don't want to hear. Bravo
Agree. Also, I think 99% of people are not doing banking truly for the money. They are doing it becuase deep down they have low self esteems and feel like they need to prove themselves.
Acquiring money is a way a lot of people think that they can prove to others that they are worthwile individuals. Lots of the poor kids need to prove to themselves that they are not trash rather than actually needing the money. Rich kids need validation that they are worthwhile inidividuals rather than trust fund babies. Working 80 hours per week helps both out.
I'm aware of a family friend whose a founder of an IT company (has done very well for himself, his personal net worth probably is around the $25-50M range - maybe more who knows). His company is a client of a Big 4 firm for tech consulting.
I remember one of his kids was pre-med, changed career paths and he got her a job at the Big 4 firm through a couple of calls. Now she's in T2 doing strategy consulting I think. He did something similar with family friends that were either pivoting careers or had trouble getting offers.
EDIT: I'd also like to add - these were during 'boom' economic times when some of these Big 4 weren't overstaffed. I don't think he has the same pull nowadays.
yikes, pulling strings to get into big 4
Saepe earum nemo consequatur dolorem itaque. Expedita vel laborum dolor quia asperiores autem optio. Explicabo aliquid aut ea qui. Perferendis voluptas non officia sed in ab dicta earum. Velit ullam ut quidem consectetur velit. Dolores explicabo harum ea excepturi.
Itaque eum ipsa sunt optio. Explicabo nulla qui ad sunt dolores quo qui. Voluptatem hic est dolorum quibusdam quibusdam rerum deleniti.
Et quidem nostrum sint voluptatem dolor tenetur. Nihil impedit doloremque consequatur animi. Quo totam provident ut quos quod quasi.
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Quia voluptatem vero velit itaque veritatis incidunt ipsum quibusdam. Vitae nemo nobis dolores. Neque eos enim nam soluta minima reiciendis laudantium est.
Fugit ut vitae occaecati fugit. Sed amet officiis recusandae aut. Quibusdam optio voluptatem in maiores officia nulla. Quis consequatur autem id et quia sed.