Top Fraternities on Wall Street

Just out of curiosity, are there any fraternities (or other organizations) out there that have particularly strong ties to Wall Street? I get that most people don't talk about what they did in college after they get a job on the Street. However, I feel like it could potentially help with getting connections to get that first job.

I would imagine that some of the older, Southern fraternities would have stronger ties (SAE, KA, Chi Phi, etc.). Anything else from what you've seen or heard?

And again, I get that for the most part-- nobody really takes fraternities too seriously and that the main value they add is the soft, interpersonal skills. Just wondering if there are any that have ties that could help with that initial placement.

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Nov 12, 2017 - 5:28pm

These southern school fraternities wield influence regionally, not on Wall Street or broadly speaking within finance in general. There is minimal or no recruiting at most of these universities. And the majority of these guys' parents at the top fraternities are doing more than well but are no where near connected or affuluent enough to be linked to Wall Street outside of their ML advisor's office. There are exceptions, though. But for the most part when you don't have recruiting or family help, you're not going have too many connections to the types of jobs people covet on this site

Nov 12, 2017 - 11:09pm

This is about half accurate. Bc of being an sec top fraternity guy almost all of the Greek guys are so loaded they don't need Ib conection. You have a ton of connections on the buy side or at the c suite level which in my opinion is the best way to break into any banking interview. You also went through hell for pledgeship so the few you meet on Wall Street want to help you. But the kids with th ML dads typically aren't in Greek life, it's usually like kids with g wagons and range rovers - tho some aren't, like myself lol

Nov 13, 2017 - 8:00am

I think joining a frat prepares you for Wall Street in another way. In my experience, pledging involved doing hours of pointless work disguised as "character building" or "brotherhood development", and almost literally eating shit with a smile when a brother told us to scrub the toilets for the sixth time this week -- pledging is a lot like your run-of-the-mill entry level IB job, except that you can't tell everyone your mom is sick at home and disappear whenever you need a break.

Nov 15, 2017 - 10:56am

Did you mean Omega Psi Phi?

"All men are alike in their dreams, and all men are alike in the promises they make. The difference is what they do."— Jean Baptiste Moliere
Nov 13, 2017 - 9:13am

Most importantly though, who got the best pledge class this year? I heard GS got all the kids MS wanted...

  • 1
Nov 13, 2017 - 10:25am

I'd imagine that Southern fraternities are more helpful if you want to get into politics than into finance.

Aren't about all of the senators and governors from the South connected this way?

"Work ethic, work ethic" - Vince Vaughn

Nov 13, 2017 - 12:15pm

DKE. Crossed paths with two DKE guys a few years back. They were the kind of people everybody went to with a "who do you know at...?" because they were so ridiculously well-connected on the Street. When you'd ask how they did it they boasted the frat's prowess. Tons of major CEOs and execs came out of it and are still active members. Also big networking schemes at the Yale Club. Take it for what you will, but it sure worked for these two.

Nov 13, 2017 - 1:44pm

National fraternity strength is basically meaningless IMO. What real connection does a Sig Chi from Cornell have to one at a Pac-12 school? Frats really pay off when you have a strong alumni base from your own chapter. In my experience, these people will go out of the way to help you out and will feel more connected to you because they can candidly talk about their golden years. There are obviously some strong frats like this at Ivies and other top schools (DKE at Yale, Psi U at Cornell, etc.)

Gimme the loot

  • 3
Nov 13, 2017 - 4:02pm

This. Fraternities are good for your chapter's network and not much further beyond that.

I'm actually in the process of helping an individual from my fraternity's chapter, and making a serious effort (e.g. writing emails, making phone calls internally) to help get this individual get a job at my firm. But he's well qualified, I knew his brother in the fraternity well and his initial approach was professional.

Beyond my chapter? I don't care, and I'd probably stereotype the person as silver-spoon dumbass until proven otherwise.

In the professional world, a fraternity to the layman reading your resume is just a stigma that's subjectively interpreted. Bonus Points may be applied depending on whether or not the person reviewing your resume was in your fraternity + was one of those guys who lived and died for the ritualistic aspects of fraternity. We all know those guys.

Nov 13, 2017 - 5:47pm

Yup. I had a similar experience with an alumni from my house who really went to bat for me my senior year. That said, I know someone who got a first round at a BB through networking with alums from other chapters, but this guy was sharp and otherwise qualified. It might have helped that my fraternity is exceptionally small nationally and is regional to the mid-Atlantic/northeast, so there is a smaller but more intimate network.

There's a reason Skull & Bones and Porcellian are way more powerful than any national fraternity. It's because people are much more willing to help out those who share similar backgrounds, values, and experiences. Good frats and selective societies are conduits for this exact thing.

Gimme the loot

Nov 13, 2017 - 4:03pm

Reached out to Theta Chis at Michigan & essentially all of their executive board are in BBs & EBs .

Don't break yourself on the way to making yourself
Nov 17, 2017 - 1:26pm

Delta Sigma Phi from La Salle U in Philly has a massive following in.... no wait just kidding. I think that personal/family connects are valued much higher. Unless, like someone pointed out above, you are from the same chapter.

Nov 19, 2017 - 10:54pm

Amazing networking opportunity?

I think that we are all clinging to a great many piano tops...
Nov 19, 2017 - 10:55pm
ekimlacks:
Amazing networking opportunity?
At that point you don't need networking, my friend.

I am permanently behind on PMs, it's not personal.

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