Talent drain in S&T or more diverse recruiting pool?
I recently have started in my FT S&T training program at aand noticed that the majority of students are from top public/top-non Ivy League schools and non targets schools; while only a few of them went to Ivy League schools.Coming from a non target school this was a bit surprising to me. Most people that I've met seems smart/competent.
This led to me me rationalizing in two ways. First isactively want to take a more diverse set of candidates, some through diversity and some through the increasing willingness to interview non ivy candidates that meet a certain technical and "smartness" threshold.
The second is that due to the rise of tech companies, Prop MM and some hedge funds starting to recruit out of university.The BB's are losing out on talent and therefore having to widen their talent pool. In this scenario BB markets programs would see a drop off in the quality of candidates.
While I think my peers are mostly very smart, I haven't been around to compare if they were smarter 5-10 years ago where majority of these roles went to Ivy League graduates.For those of you that have been in the markets business for some time. Has there been a talent brain for fresh grads or is the pool more diverse but similar quality?