It's crazy how many connected kids pursue finance!

Like, I never actually realized this until now. I go to a target and among my finance-focused friend-group of about 12 kids, 3 of them have parents who are partners at Blackstone/KKR/Carlyle/TPG including two who are super senior. Two kids have parents who are CEO's of billion dollar + mkt cap public companies. Three of the other ones have parents who are MD's at EB's/BB's in NYC. I just realized this today lmao. These are the people I'll be competing with during recruiting. Fuck me.

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Comments (18)

Nov 20, 2021 - 12:23pm

I'm not one of the eat the rich types, if you have connections, use them.  I just think it's reasonable for the government in the US to take a more active role in helping people out, since the cost of housing, healthcare, and education is becoming to large a burden to bear.

  • Associate 1 in PE - LBOs
Nov 20, 2021 - 12:34pm

He's trying to make himself seem like less of a liberal cuck since it's known he's nothing but a progressive shilling CS student who's never worked in in a major professional environment lmfao 

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  • Principal in PE - LBOs
Nov 20, 2021 - 5:14pm

So you correlate not being a loser with working in finance and being among the top 1%? Money isn't everything. I have plenty of friends with parents worth $xx or $xxx million and have met plenty of partners who're losers to know this is not the case.

Nov 20, 2021 - 1:46pm

Why is that so shocking? More often than not, it's these type of parents that push their kids down that path. They know damn well how hard it is to make it these days (nepotism isn't what it used to be like), and that if you play your cards well, it could lead to a very good life. 

With that said, it's been like that for decades. When I was younger, I met my fair share of upper / upper middle-class kids that were interning at boutiques (or even BB banks) and the likes, but had zero interest of being there, and had really no plans to do banking in the future. Typical "Dad said I should give finance a shot, but I have no idea what they're doing. Anyway, he set me up with an interview." deal (dunno how prevalent this is today, again, nepotism isn't really what it used to be)

  • Intern in PE - LBOs
Nov 20, 2021 - 6:19pm

This is common in almost every field these days. Try looking up child prodigies or olympiad winners, more often than not they are children of university professors or scientists. Look up young startup founders in tech, children of software engineers or people in VC (every Vinod Khosla's child is a startup founder, for example). People who made it in finance would have connections that they know will help their progeny to succeed, so they try to help out to the extent they can, as responsible parents. Seems like this trend has to do with the upbringing and the mindset the children develop because of that. Of course some children are able to find their passion elsewhere, but it is human tendency to pursue the most probable path to success.

  • Analyst 1 in IB - Gen
Nov 20, 2021 - 10:37pm

Happens in almost every professional-managerial field..

Lost count of the amount of real estate, healthcare, hospitality management, entertainment. engineering, law, finance, academia, pharma science, architecture & construction, entrepreneurial, accounting etc people I know who's parents were also in the field and encouraged them into it. 

Nov 21, 2021 - 9:00am

Happens in almost every professional-managerial field..

Lost count of the amount of real estate, healthcare, hospitality management, entertainment. engineering, law, finance, academia, pharma science, architecture & construction, entrepreneurial, accounting etc people I know who's parents were also in the field and encouraged them into it. 

Lawyers don't usually encourage their children to become lawyers based on my experience. Most lawyers I meet wish they had never entered law. I've even met corporate lawyers making good money who just hate the job. But, they are so pigeonholed and deep in their career that they have no real choice other than to work in law until retirement.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 1
  • Analyst 1 in IB - Gen
Nov 21, 2021 - 11:45am

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