Where is top talent headed these days?
Before 2007, wall street attracted the most talent from the top schools (HYPSW). But it seems these days I've been reading a lot about the "wall street brain drain" where a lot of the top of the top talent are moving to silicon valley, MBB consulting, or PHD programs. I've realized this myself when I interned at a top BB in NY this past summer and most of the interns and analysts there were from semi target schools like UVA, Gtown, NYU, UM. There were definitely still a smattering of kids from the traditional elite schools from the ivy league but it was shocking to see the representation.
I graduated from HYPSM undergrad and yes, you are more or less right. The smartest kids at the top schools are heavily biased towards tech/startups, some quant finance, MBB consulting, and Phd.
I know what you mean and that you mean no offense....but...
Your post smacks of ignorance - just because you go to a target, doesn't mean you're top talent. There are people just as motivated and smart, if not smarter, at semi-targets/nontargets.
I agree with you, but at the very start of a career, someone with an Ivy or equivalent name on their resume is going to be viewed as top talent. Perception is everything and most people (imho) run with that perception.
lol, butthurt
Yes
bump
MBB, tech, and/or startups.
I'd say most "top talent" is going toward the tech/startup space these days. The majority of these kids have relied on a structured framework to excel all of their lives and thus always gravitate toward the hot or prestigious job of the moment, be it IBD pre crisis or tech bubble now. No way top talent is headed to M/B/B these days, I'm at one of those schools and top kids are definitely not those pursuing consulting.
I am the top talent of my graduating class, and I am heading into medicine.
I think top talent is pretty distributed almost in most of the fields. It's not like all the top talent is only going into finance or silicon valley. I have met some of the smartest people who are going for top phd programs/travelling for a year/ working for teach for America. Most of the times it is based on personal choices.
I think the question should be where is the top talent in finance going?
Ok, so I go to an engineering school (one of the best) and from what I have observed there are two kinds of smart people. People who don't need to do shit and could still have a perfect GPA (they don't even try for it either, they have been to olympiads all their life and could solve any math or logical problem in secs), and then there is this other kind which is a hard working bunch who have to try hard to have a near perfect GPA and also have a bit of social life. The trend which is only based on recruiting so far at my school is that the hard workers almost always end up going to BB IBD, and the geniuses just end up going to hedgefunds, quant shops and other trading roles(DEshaw, AQR, Citadel...). The general philosophy is when you are a fucking genius you should not have to put in the hours to make a shit ton of money.
Assumptions: I am assuming having a higher GPA translates into being talented where if you need to work hard for it then you are talented in a different way. Not saying that if you have a low GPA you are not talented, I just don't have any way to observe it.
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