Why the hate on Penn State?

I usually get tons of MS thrown at me when talking about Penn State and how many students from there get into IB. Their NLF Fund places around 90%+ of the students into Front Office roles in NYC. Even then, the alumni network is massive, and the school is in a great proximity for high-finance roles. So anything I'm missing here? Yes, it's not HYP but only OCR from reputable companies. Still a non-target?

 
Pump And Dump:
Wasn't that like 10 years ago? I thought that was old news, still fucked up nonetheless.

The school institutionally covered up for child sex abuse for nearly 4 decades to protect the football program. That is a gross offense for an academic institution and speaks to leadership priorities.

Maybe the current/prospective students are too young to remember, but to me the statue of limitations hasn’t run out on my hate for Penn St. The school was not sufficiently punished for the level of evil perpetrated there, particularly given the squeaky clean image attributed to JoPa for all those years.

My children are very young, but I would never want them to be associated with Penn St even 2 generations later.

I don’t run around dropping MS on posts about Penn st, but the old news line pisses me off to the extreme. People’s lives are fucked permanently and to this day because of “leaders” of that school.

 

PSU is fine. Your first mistake was caring about any of the opinions you hear on this site. PSU is fine.

Learn to ignore the opinions of people who are the ultimate at being risk adverse. I generally listen to zero of the opinions on here. You’d be well suited to do the same.

 

Haha, I see. I'm definitely thankful for this forum and finding it early on, have gotten advice from really helpful people. PSU is out-of-state for me but I still think it's worth every penny in terms of it's alumni base, OCR, and presence in high-finance roles. But I digress, someone will just make 5 alt accounts and monkey shit this without providing a logical counterpoint.

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TNA:
Learn to ignore the opinions of people who are the ultimate at being risk adverse.

lol risk aDverse?

I had to look it up ... I had never heard that before...

"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
 

People get really butt hurt by the fact that kids from PSU and other Big 10 Schools are able to get the same jobs as kids in the Ivies. To clarify, I'm not claiming that PSU as a whole is comparable to an Ivy in terms of overall placement, I am just saying that those in the top schools really stick their nose up at the fact that they have to sit next to a Penn State kid in their IBD/S&T job who arguably has way more experience with Finance and will probably be a more productive intern (Nittany Lion Fund/Investment Banking Workshop etc.). Obviously kids in Ivies are extremely intelligent, but to say a kid from a Big 10 School who has been building models/following the markets intensely for months is not qualified for a FO office job is ridiculous. Regarding the Sandusky thing, thats just a cop-out for PSU haters who have to find something to hate (despite the fact that it has virtually no effect on the quality of the students or administration that is there currently).

 

IU is another Big 10 school that really stands out. The IBW is practically a feeder into top IBs and plenty of MMs and Boutiques recruit. Now I don't know how recruiting is outside of the NLF (PSU) and IBW (IU) but I suppose students can still make it

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Pump And Dump:
IU is another Big 10 school that really stands out. The IBW is practically a feeder into top IBs and plenty of MMs and Boutiques recruit. Now I don't know how recruiting is outside of the NLF (PSU) and IBW (IU) but I suppose students can still make it

I've met a lot more IU grads in and around NYC than Penn State.

But, prior to moving to NYC I was in Management Consulting in Supply Chain Management and the Penn State people were highly recruited for their expertise in SCM.

So I have heard good things about the school.

"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
 

It's pretty neat, the students run a $7 million dollar fund, have weekly meetings, and discuss stock pitches.

I haven't dug into Ivy leagues that have such a thing, they don't need it anyways to standout. But I think being in NLF would give you a great talking point. It sure is better than playing with simulation money in the BB Terminal in the library and saying you "beat" the market successfully.

Edit: I also find it impressive that a lot of the NLF members are placed into BB S&T which is an extremely difficult field to get into due to the downsizing. Nevermind the fact that S&T usually seeks quant majors yet all these students are in the business college.

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SethDavisCFA:
People get really butt hurt by the fact that kids from PSU and other Big 10 Schools are able to get the same jobs as kids in the Ivies. To clarify, I'm not claiming that PSU as a whole is comparable to an Ivy in terms of overall placement, I am just saying that those in the top schools really stick their nose up at the fact that they have to sit next to a Penn State kid in their IBD/S&T job who arguably has way more experience with Finance and will probably be a more productive intern (Nittany Lion Fund/Investment Banking Workshop etc.). Obviously kids in Ivies are extremely intelligent, but to say a kid from a Big 10 School who has been building models/following the markets intensely for months is not qualified for a FO office job is ridiculous. Regarding the Sandusky thing, thats just a cop-out for PSU haters who have to find something to hate (despite the fact that it has virtually no effect on the quality of the students or administration that is there currently).

This is not true. I went to 2 state schools, one in the B1G and one in the Big 12. I am violently offended by what took place at Penn St and the overall willingness of people to look past it.

My guess is that most of the people offended by Penn St skew older because we actually remember the details, and additional cover up items have continued to leak over time, which makes it look even worse. What don’t we know?

This is not about Ivy League kids being offended by B1G kids getting good jobs. I have never been hated on for my state school experience, either on this forum or in real life on Wall St.

 

Come on man, and I totally wanted to go to bat for you.

I'm sure the school is fine, I'd agree with @TNA" , I personally hate on PSU from a sports perspective, but I know a couple alums who are solid. The whole caring about other people's comments thing is a no-go

 

To put it in language that PSU folks will understand, Penn state alums walk around with such a smug sense of satisfaction like their school is Saquon Barkley level great, when in reality it's more like Christian Hackenberg. Yea you can get to the big leagues, but in the end NY is gonna chew you up and spit you out.

 

UNiversity of Southern Cal, University of Texas, maybe UVA.

Is University of Miami anywhere close to target. 1360 average sat score it’s fairly competitive likely more than PSU. Or is it just the school for trophy daughters with rich parents looking to party.

 

I don't like Penn State... but to be fair I dislike almost everything, so no discrimination from my end

In all seriousness, Penn State is like the public university version of Duke or Notre Dame. Even though it's a few steps behind its peers on the academic side, its alums typically have a crazy intense school spirit and loyalty, which is largely sports related. I find this to be mildly irritating at best, and downright nauseating at its worst

 
Going Concern:
I don't like Penn State... but to be fair I dislike almost everything, so no discrimination from my end

In all seriousness, Penn State is like the public university version of Duke or Notre Dame. Even though it's a few steps behind its peers on the academic side, its alums typically have a crazy intense school spirit and loyalty, which is largely sports related. I find this to be mildly irritating at best, and downright nauseating at its worst

Who do you consider ‘peers’?

When I think of a sub-par school (academically speaking), Duke always come second to mind. Right after Cornell.

 
DickFuld:
Going Concern:
I don't like Penn State... but to be fair I dislike almost everything, so no discrimination from my end

In all seriousness, Penn State is like the public university version of Duke or Notre Dame. Even though it's a few steps behind its peers on the academic side, its alums typically have a crazy intense school spirit and loyalty, which is largely sports related. I find this to be mildly irritating at best, and downright nauseating at its worst

Who do you consider ‘peers’?

When I think of a sub-par school (academically speaking), Duke always come second to mind. Right after Cornell.

Other public universities that place undergrads into finance... UVA, UMichigan, Berkeley, etc

 
Going Concern:
I don't like Penn State... but to be fair I dislike almost everything

I lol'ed

Do you also dislike mango sorbet on a hot day? ahhhhh

"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
 

I tried to give you a banana but it didn't work. Psychotic Leftists are depressing (esp to look at) but there's an upside in knowing how to navigate that environment at the University level. All the big corporates are "progressive" now but of course it's completely fake. A cover story for what they really do which is make money. Nothing wrong with making money..... but now you have to pretend you are doing it to end inequality or global warming or trannies or something. Helps you in court in the event of a law suit.

 

Yep. It's like the "initiative" to give early recruiting to URM because they are disadvantaged but in reality they all come from prep high-schools, high income, and top colleges (or how else did they find out about IB?). If big-banks really cared about disadvantaged people they would look at income bracket. It all about the image (literally) to look diverse.

Disclaimer: Not saying recruiting for disadvantaged students is a bad idea or accelerated recruiting but I think the current way is faulty. And not blaming this on my own wrong-doings but just my own personal opinion

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People like you are not the reason why people hate PSU. What causes people to hate PSU (and other similar large state schools) is the large subset of the PSU population that legitimately believes they have the best business program in the country (I've heard this from a few individuals first-hand). The overall ignorance and lack of knowledge of where they stand compared to their peers is really off-putting. From what it's worth I went to a private school with a similar "ranking" to PSU but we had more of an idea of what was out there and what our options were. A lot of dumb-dumbs at PSU that drink the kool aid.

 

Checked the NLF club webpage. PSU placed 19 students as interns in front office roles (mostly BB) and 20 students FT. Thoughts? I'm sure many more got gigs from PSIA which students stay into if they don't get into the NLF

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To give you perspective, I go to a semi-target that's about 1/7 the size of penn state's undergrad population and 1/3 or so the size of their business school. Last year, about the same number of people were entering for full time IB specifically, with many more interns than PSU going to a FO role (granted these roles are spread out among top mm's, eb's, and some BBs)...so it's not the most impressive thing in the world but if it's what you got it's what you got.

 

To be fair I don't think the fact that your smaller school placing a higher percentage of its Bschool into FO roles has much to do with the fact that there are significantly different / better opportunities at your school. Fact of the matter is it is that since there are so many students at penn state odds are that a bunch of idiots get into the program and bring down the rep. (You know... the whole thing about "you can bring a horse to water but you can't make it drink")

 

Pump and Dump I am a PSU alumni and I have posted about PSU several times on this forum and have never gotten any shit about recommending it to people looking for state schools or semi-targets or when I am speaking about the validity of the NLF. I realize there are haters but you only aggravate them by posting this. This in the end brings bad attention to PSU for future people who go to read about Penn State on this site since they just see the haters comments. Just a thought.

Alternatively, if you are prospective student feel free to hit me up in PM if you have any questions.

 

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