The Moral Hazard in Transcript Faking!

Hi,

it seems to me that many people falsify their transcripts replacing bad grades with slightly better ones...

I know of several people who have done this and then ended up with an offer!

My grades are not terrible but I defiantly dont have a GPA of 3.6 :)

I would never send someone a fake transcript - its just morally incorrect to take away someones offer just because he is being honest about his grades!

But the problem is, that my grades even though they are not terrible, seem to the recruiter as much worse then they actually are (because I am compared to all the others).

Why is it so easy to falsify ones Transcript?
Do non of the banks actually check them?
Or is the percentage checked just so small that many people just take the chance.

Or is it because SA are not that important and it is just not worth it.

Compared to the percentage of people changing their transcript I have not heard of many actually getting busted!!!

Thanks

Comments (17)

 
Jan 2, 2013 - 9:11am

I don't think this is as common as you say. Maybe lying on a resume but not changing a transcript. This carries significant consequences. If a bank were to find out, the person would most likely be immediately let go and probably be blackballed from the industry. The school would also likely be informed as it involves falsifying school documents. The punishment there would vary by institution but being kicked out of school is not out of the question.

 
Jan 2, 2013 - 10:27am

Winning Squared:
I don't think this is as common as you say. Maybe lying on a resume but not changing a transcript. This carries significant consequences. If a bank were to find out, the person would most likely be immediately let go and probably be blackballed from the industry. The school would also likely be informed as it involves falsifying school documents. The punishment there would vary by institution but being kicked out of school is not out of the question.

This

 
Jan 2, 2013 - 10:22am

Don't lie on your transcript, it can only go bad for you. If you get accepted into a bank with your current stats, then they think you have potential, and you won't have to look over your shoulder every day. If you get accepted into a job with a fake transcipt, it will nag in the back of your head that you're not good enough and you'll consistently be worrying when they will find out. It will eat you away.

 
Jan 2, 2013 - 10:48am

Lying on your resume may get you an interview, but if you get through the entire process and end up signing the offer the bank will almost always request a copy of the transcript and check it against your other information. As Wining Squared mentioned, you could be up shit creek at that point.

 
Jan 2, 2013 - 12:40pm

I dont know what the policy in the US is but in Germany,

the company is not allowed to request the transcript from the University (also not with some signed doc.)

The only way for them to get an >>oficial

What people now do is take their chances and if the employer asks for an official transcript they will just withdraw their application...

I have done 3 internships and never been asked for an official transcript!

Its a fucked up system which almost encourages lying :(

 
Jan 2, 2013 - 4:28pm

wso_user:
Don't think that's what moral hazard means

a moral hazard is a situation where a party will have a tendency to take risks because the costs that could incur will not be felt by the party taking the risk. In other words, it is a tendency to be more willing to take a risk, knowing that the potential costs or burdens of taking such risk will be borne, in whole or in part, by others.

from wikipedia

seems to fit! People change their grades cost felt by them if caught and if not by all the other applicants.

 
Jan 2, 2013 - 2:50pm

N96k2q2NVy:
it seems to me that many people falsify their transcripts replacing bad grades with slightly better ones...
I know of several people who have done this and then ended up with an offer!

Who the hell are you hanging out with? On a separate note, in the U.S. nobody but YOU can get a copy of the transcript from the school. None. Zero. You only. I've seen firms ask for transcripts (and SAT's, ACT's, GMAT, etc) but then just ask you verbally and never check the paper record. That said, do not falsify/lie.

There are WAY too many ways where you could be found out. For example, what if a student paper quoted you as saying you had xx gpa or got xx grade in a specific class, and someone at your firm found out and that raised suspicions about you? What will you do if - after you've been gainfully employed for xx months and stopped keeping up your network and info about other avail jobs - then the firm asks for a copy of your resume. Most states employment is at will, meaning they can fire you for a reason as dumb as the color of your wso/">shirt. They demand a sealed copy of the resume mailed directly from the registrar and if not provided they will fire you (its legal, you'd have to contact the school and grant permission and prob sent over a signature authorization...but trust me this is possible). Same thing for being an experienced hire. What are you going to do if - in the final round of interviews - they ask what your most recent pay is. You lie, thinking they'll base new pay off of the old. Then what happens if they make an offer and conditional upon that offer is you submitting your W-2 tax form?

There's a lot of stuff you can get away with at jobs, but lying is certainly one of the more looked down upon. Some even have a zero tolerance policy and you'd be walked to the door. Even if they didn't EVER catch you and you pulled off a 40yr career, you know every.single.day. you walk into the office you'd be looking over your shoulder.

Want some good advice? Don't lie/falsify and if you have to lie about something don't do it for one of the most heavily documented/recorded things in the world (payroll, transcript, standardized test grades, etc). You're just asking for trouble if you do.

 
Jan 2, 2013 - 4:29pm

Just want to quote myself here because some people think I want to falsify my record:

I would never send someone a fake transcript - its just morally incorrect to take away someones offer just because he is being honest about his grades!

I DO NOT!

 
Jan 2, 2013 - 5:46pm

N96k2q2NVy:
Just want to quote myself here because some people think I want to falsify my record:

I would never send someone a fake transcript - its just morally incorrect to take away someones offer just because he is being honest about his grades!

I DO NOT!

let's say you got a 3.3 and you bump it up to a 3.8, their cutoff is 3.5 - if the guy has anything less than a 3.5, then he wasn't getting in anyway, if he's got something more but you still beat him out of a job then that means he wasn't gonna get it anyway.................now shut the fuck up and network.

 
Jan 2, 2013 - 5:47pm

Fake Transcript? (Originally Posted: 01/30/2008)

Do SA applicants ever submit an offical transcript? Do the banks request it from your school? How do they verify that the grades you submit on your "unoffical transcript" are legit?

Just wondering because I heard of an applicant submitting fake GPA, was wondering what could happen...

Thanks

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