Worst candidate that has gotten an offer

DrBillBrasky's picture
Rank: Baboon | 154

What's the worst candidate you've seen get hired for an IB analyst role? For instance, have you ever seen someone with like a 2.5 gpa in kinesiology but had solid connections or something get hired

Comments (62)

Sep 11, 2018

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Sep 11, 2018

Damn. How'd you do that? Did you network or what?

Sep 11, 2018

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Funniest
Sep 11, 2018

sorority? ASU? ... takes the bulge right out of bulge bracket

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Sep 14, 2018

You're my HERO JB!

"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

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Sep 14, 2018

Respect. Haters gonna hate

Sep 14, 2018
JuliannaB:

Myself. I had a 2.9 GPA from Arizona State and a degree in communication with a minor in sociology. Got an internship at a BB on Wall Street one summer and a job offer from them a few months before I graduated, and I'm still with the firm. Spare me the diversity hire comments.

Which summer was this?

Sep 14, 2018
JuliannaB:

Myself. I had a 2.9 GPA from Arizona State and a degree in communication with a minor in sociology. Got an internship at a BB on Wall Street one summer and a job offer from them a few months before I graduated, and I'm still with the firm. Spare me the diversity hire comments.

Props JB. Get it how you get it!

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Sep 17, 2018

Hey! Props to you for your success. How your experience with interview prep? How did your interview go?

Sep 11, 2018

There was this intern at Big 4 I heard about on another thread that quit early to go on a vacation with his friends for 2-3 weeks.

Got a return offer and they offered to pay for his MBA

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Most Helpful
Sep 14, 2018

I'm not trying to be PC here, but honestly, I've never seen any quality difference with minorities in the industry.

Worst analysts that I've seen are white kids who got in with connections due to their well off parents.

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Sep 14, 2018

True that.

Sep 14, 2018

What if I told you that both suck?

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Sep 14, 2018

At BB I would agree. Enough people applying for jobs that almost everyone is qualified. It's just easier for the minority candidate to get hired. If you are hiring 100 people and have 10k applicants that can do the job then diversity candidates should be qualified too.

If you ever see an article where a candidate gets into every Ivy League school I know their skin color before reading the article. It's always African American. Same thing as with elite service firms. The very top of school/professional services has far more qualified candidates than they can hire. The POC always gets offered but if they were white they would get accepted to like 1 or 2 Ivy top schools with same qualifications.

Now if you start looking at second tier firms then it gets tougher to find female/poc candidates that are qualified.

Array
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Sep 14, 2018

And the population of the industry roughly reflects - For Each Ethnicity:

1) Proportion of the total IQ distribution that each ethnicity's distribution comprises at the given range required for the job (~>120); multiplied by

2) Each ethnicities proportion of the general population (for literally every ethnic group apart from Jews, who are over-represented; and Asians, who are under-represented)

BAM - The question of racism/institutional power is now solved for ever. (Sorry Asians).
Can we have our History Classes back now?

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Sep 17, 2018

From MY OWN experiences and from my friends who work in the industry, the worst analysts these days are often turning out to be posh white women whose parents clearly have connections or they went to fancy schools.

I imagine this is mainly due to recent push by BBs to get more women into IBD/Markets and setting quotas (Blackrock amongst others) and I've seen so many talented minority guys (mainly asians) turned down or overlooked.

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Sep 17, 2018

Additionally, people management skills and personal charisma goes a long way in the investment banking industry. Sadly universities don't teach that and in most cases u can't teach something like that.

Sep 14, 2018

2.8 gpa.... got a name internship my soph summer and it helped the next summer when my GPA went south

Sep 14, 2018

Entitled kid whose daddy was a partner at a major US-based professional services company and knew a bunch of partners at my firm.

Kid was a sloppy worker, overly familiar, dishonest, and lazy. The type of asshole who pushes the rules compulsively because, I can only presume, his whole life is a continuing list of exceptions to the rule. Ended up getting canned halfway through the summer. No problem though, now works at Daddy's firm.

Sep 14, 2018

Some interesting comments on here. Some of the best interns/analysts I've had attended so-so universities, and had non-finance backgrounds (even spoke English as a second language). Not to say this is the case with everyone, but you would be surprised at how much a "good work ethic" and a "humble attitude" can make up for.

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Sep 14, 2018

Agreed. The best interns and juniors I ever had were the children of janitors, not senators.

Sep 14, 2018

delete

"Work ethic, work ethic" - Vince Vaughn
Sep 14, 2018

ME

Fooled you idiots EASY.

Sep 14, 2018

I had a little bit of anxiety before one of my superdays with a BB a little while ago. Before making my way over to the corporate office from the hotel, I took half a Xanax, thinking it would make me feel calmer, and I hadn't taken any for months, so my tolerance was very low. I used to have a prescription a long time ago, but I stopped needing them.

I woke up back in my dorm room, still in my suit, with no recollection of coming back from New York City, no memory of my interview, or even walking to my interview. I checked my phone, and it looks like I got a lot of contact information from other people interviewing, and it looks like I even got food in the city with somebody based on my story on Snapchat, but I have no idea who the person was.

So I kind of just chalked it up as a loss. But then a day later, I get notified that I got an offer.

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Sep 14, 2018

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Sep 17, 2018

Worst I've seen are usually relationship / referral hires - daddy is a partner at a PE firm or a client, etc.

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Sep 18, 2018

I know a guy without a bachelor degree that got a full-time job at an IB in New York. He is self-taught and worked his ass off to gain more knowledge while working. Kudos to him for getting the degree later on.

Sep 18, 2018
Lamushi:

I know a guy without a bachelor degree that got a full-time job at an IB in New York. He is self-taught and worked his ass off to gain more knowledge while working. Kudos to him for getting the degree later on.

Fun fact:
Sergio Ermotti, CEO of UBS, does not have any degree. In fact, he does not even seem to have a high-school diploma - if the Wiki is correct about him leaving school at age 15.

Guy simply worked himself up, starting with an apprenticeship, which then turned into trading.

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Sep 24, 2018
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