chumpchimp

Influencers drive consumption, if they didn't companies would not pay them to endorse products. Consumption is good for the economy because it encourages more production which increases the country's GDP.

They are not responsible for a net increase in consumption though. Its just a case of consumption moving from one marketing channel to another - old style TV/newspapers to new style social media influencers. If it wasn't being done through influencers it would be done through something else.

Personally I look forward to this influencer phase of society being over. Just hope its not replaced with something worse.

 
chumpchimp

Influencers drive consumption, if they didn't companies would not pay them to endorse products. Consumption is good for the economy because it encourages more production which increases the country's GDP.

Bingo 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Define influencers, if you wanna learn or improve a skill, from bodybuilding to python, you can find some expert to help on youtube and stuff.

If we are talking about tick tockers or instagram douchebags popping bottles and acting like they are the shit without ever doing something of any meaning, its a big negative.

 
Most Helpful

Idk I might be looking back to the pre-Instagram and TikTok days with rose-colored glasses, but I would say net positive before Instagram and TikTok (and maybe throw in Vine too, as the original TikTok before TikTok) because the main "influencers" prior to that were generally making longer-form content that you generally sought out to learn about a specific niche topic that in the past, you'd be harder pressed to find online.  And with longer-form media, it's generally less about instant gratification.

All these reels / clips / etc. have really made it a strong net negative because now it's all about stupid dances, instant gratification, and chasing clout.

 

If people are making educational content and are qualified in one form or another to speak on the topic (it's their job, formal education on the topic, etc.) or their content is at least entertaining then I would say it's a net positive, but some of the fitness influencers and the like out there peddling bro science so they can sell their supplements are definitely a net negative. It's kinda like when interns and prospects chime in on WSO for topics they aren't even remotely qualified to address and give terrible advice to someone with a genuine question.

 

Laudantium ut est voluptates rem qui facere enim voluptatum. Autem qui autem dolores voluptatem sint ipsa dolores. Temporibus error voluptatem sint accusamus fugiat dicta. Doloremque aspernatur quo rerum corporis asperiores magnam atque. Dolorem sit nisi fugiat aliquid provident reprehenderit aut.

Quas sed at culpa consequatur perferendis quae fugit. Magnam est perferendis quas reprehenderit. Quisquam et adipisci occaecati natus sed.

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 (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
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...”