Is Nepotism Dead?Subscribe
Is Nepotism dead? I don't know if it is just my conception, but I feel like 15 years ago if your dad played golf with a GS MD you could get an internship and a job from Penn State (no offense). Now, not so much... Pressure from IB clients has pushed HR to promote more merit based hiring- for better or worse. That isn't to say that networking is dead, but rather just that who your dad is matters less. (Getting along well with alums and developing a good, social, reputation in junior roles is still alive and well). Is this just my perception or is it actually true? I know a smart sociable girl who is at a semi-target (think Vandy, Georgetown, Tufts, USC) with a 3.7+ who's parent is a well connected CIO at a 10B+ HF/PE firm and started in IB- her dad has told her it still may be a stretch to get her a junior internship at a BB? Is that really true?
Love to know your thoughts.