How much can children of famous people leverage their parents success into colleges/jobs?

I saw some of the PNC Father-Son/Child tournament this weekend, which was won by Bernard Langer and his son who works in banking in NYC. I noticed from social posts that his son went to Wharton. (Big golf fan), I've also notice that Phil Mickelson's two daughters both go Ivy League (Columbia and Brown I believe). These guys are golfers and appear to be knowledge, meaning they probably understand the value of an Ivy. I know the Mickelson family also used the same guy/specialist that got all the celebrities kids falsely into colleges (they deny he did anything false for them).

My question is more, how much do you think it helps the children of famous people to get into Ivy colleges or get jobs at funds? I'm sure it helps if they donate, or if say Bernard Langer promises to play a couple rounds with investors it probably helps the career. I'm just thinking, there are a lot of celebrities, athletes, and Wall Street/Tech people among others who probably want their kids in these schools, so can that be leveraged? Is it easier for Bernard Langer's son to get into Wharton because his father won the Masters twice, or do they not really care? 

(Side note: just as an example, probably top of every industry can get their kids in where they want, for example I'm sure Tom Brady's kids can literally just pick their college and probably almost their career. Maybe they don't want Ivy League, but I'm sure Brady can just pick up a phone and get them almost any kind of job. In the same vein, does someone like Phillip Rivers or Joe Flacco have that same abilitiy?)

3 Comments
 

Dolor sit et saepe rerum. Sunt praesentium voluptatibus facilis veniam aperiam distinctio quis molestiae.

Dolore cumque velit error fugiat consequuntur iure labore sed. Et eius et expedita vero impedit vel. Ut at a ut magnam consectetur et reprehenderit sapiente. Temporibus mollitia iure ut aperiam dolores fugit non.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
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...”