Here are the facts I've gathered from my research:
A) My Economics professor claims that after spending 10 years working for the New York Federal Reserve I will be able to leverage my experience and the connections I've made on the job into a high ranking position at nearly any financial institution. The professor is crazier than ape shit, but for some reason he's rich and he seems to know a lot of wealthy people.
B) The New York Federal Reserve only recruits from ivy leagues and other tier 1 universities. Where as the other regional banks recruit from state schools, not just the elite state schools but pretty much any half decent state school. However, pay at the New York Federal Reserve is only 10-20% higher than the other regional banks in an area of the country where the cost of living is 2-3 times as high. Which makes me wonder, what is attracting all these Harvard graduates?
C) I have not heard anyone else recommend the New York Federal Reserve for its exit opportunities and I can't seem to find anything on google.
Does anyone know if there is truth behind my professor's statement?