How many frat guys are in Finance (Investment Banking, Private Equity, Venture Capital, etc.)
On Total Frat Move, they say how all the rich, Finance people are mostly in frats. Is that true? It makes sense because of all the connections and alumni.
Sounds like the Cravath system.
It's because pledging prepares you to be an analyst.
Probably not as many as you think
I know at my target that most fraternity brothers who are interested in finance end up getting decent finance gigs. Nevertheless, a vast majority of the SAs I know this summer who are at top shops (MBB, GS, MS, etc.) are unaffiliated and, for the most part, not even that "alpha models and bottles-type bro" either.
Is it possible to be a non-target and get a top job if you're just in a frat?
I don't see how that couldn't be enough.. Yes.
I think there is a whole lot more to it than that. A frat may open a few more doors for you but you still have to have a strong overall resume out of a non-target. A GPA less than a 3.5 I think makes it very difficult out of a non-target, even if you have extensive leadership experience and finance clubs. Simply because a top job is exactly that, you should be in the top 10% of your class to have a chance at one.
How do you think I got my job? No just kidding no you still have to have good grades I would never recommend someone with. 3.0 just cause they were in my fraternity
GS, MS, and JPM have tables at my frat's fall rush. it's absolutely essential.
@"thebrofessor" I have always seen you as a fraternity man, I am curious to know which one.
I went to a school that was decidedly non-Greek, but I found my chapter and loved every minute of the experience. I did everything: new member educator, recruitment, President, special events, fundraising, I loved it.
For identity's sake, I'll keep that close to the vest, but it was one of the bigger ones (SAE, FIJI, Kappa Sig, TKE).
Seems the case...
I was in a fraternity, loved it all and now years after graduation (decades really) they're the guys I tend to keep in touch with, or at least if I don't see one for years and I'm in their city I'll get in touch with them and grab drinks/dinner and it's like no time passed. If a young kid from my chapter contacts me and wants to network I'll definitely talk to them but, and I haven't hired someone direct out of undergrad in a very long time so I'm not giving them a job anyway, they still need grades, internships, etc for me to pass them along to people I know in banking or business. Or I'll give them advice about what they should do.
As for the the OP's question about everyone in finance being in a fraternity: a lot of Ivies and top liberal arts schools, at least based on my knowledge, aren't big Greek schools in general so I don't think a majority of people in finance were Greeks. I guess the big state school targets are but they're less well represented on the street. I could be wrong and fraternities and college in gernal really don't come up in discussion after a few years post undergrad (for example, at 40 years old I don't get drunk and start singing the Tri-Lamb fight song).
I'm a big fan of WSO and TFM, but honestly how is this even a real question?
I was in a big one as well. Did the VP / rush chair / pledge class pres, etc. Really enjoyed it and would recommend it. We've started a tradition of getting together in Vegas every year and whenever there's a group of us in the same city its the same as the college days. Hard to find such a great group of friends like that outside of the greek system, but it can definitely be done.
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