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How Elite Colleges Still Feed Wall St.ís Recruiting Machine
New York Times ^ | 05/01/2012 | Laura Newland

Posted on 05/01/2012 6:21:34 AM PDT by SeekAndFind

Three and a half years have passed since the onset of the financial crisis, and the public hasn’t changed the way it talks about Wall Street and its future. Journalists, politicians and even the Occupy movement have shaped our discussion by analyzing — and often attacking — the bankers at the helm.

Again and again we read about the forces driving the industry today, when we should be looking to the people who will lead Wall Street tomorrow.

Though recent media reports suggest that elite students are growing disillusioned by Wall Street, the numbers are unconvincing. Among the class of 2011, the financial industry was the top employer of graduates of Harvard, Duke, Columbia and even the University of Pennsylvania’s engineering school.

To claim the infatuation with Wall Street has come to an end is to disregard the forces underlying this phenomenon. Until we address what is drawing students to investment banking — and what is driving them once they get there — the brain drain to Wall Street won’t change, and Wall Street won’t, either.

Two years ago, I graduated from Duke, one of many elite colleges that function as a farm team for Wall Street. Four years before then, I had never heard of Goldman Sachs. A bank had always been that one-story building across from a gas station where my mom deposited checks and I took more lollipops than I was supposed to. But at Duke, I was quickly seduced by a Wall Street recruiting machine that is reshaping the culture of higher education and diverting the career paths of our best and brightest.

My generation has come of age in a society that tells its youth that we can do or be anything, but never mentions the suffocating price tag attached to our dreams.

(Excerpt) Read more at dealbook.nytimes.com ...


TOPICS: Business/Economy; Education; Society
KEYWORDS: colleges; finance; wallstreet

1 posted on 05/01/2012 6:21:45 AM PDT by SeekAndFind
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To: SeekAndFind

She went to Dook and never heard of Goldman Sachs? Wow.


2 posted on 05/01/2012 6:24:30 AM PDT by Perdogg
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To: SeekAndFind

Ace Greenburg was right: “Give me a PSD over an MBA any day”

A PSD was a person that was “Poor - Smart with a Deep Desire to be successful.

I’d hate to be a college grad these days- Wall St may be recruiting, but they ain’t paying.


3 posted on 05/01/2012 6:25:32 AM PDT by hkusp40
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To: SeekAndFind

So you’re a business student and look over at Wall Street and recent history and you know this: I can fuck up all day long with criminal activity and be rewarded for it with no consequences. What’s not to like?


4 posted on 05/01/2012 7:19:29 AM PDT by Wolfie
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To: SeekAndFind

A better headline is how the elite Universities continue to feed the recruiting machine of the liberal biased major media outlets across the U.S. They teach them how to spin, lie, obfiscate, ingore, cover up, anything except tell the truth about the sommunist/socialist policies of the us government.

And it is okay with the NY Slime. The universities should somehow restrict their programs to keep people out of Wall Street employment ( in a free society) because of . . what, I’m not sure. But it is perfectly okay to turn out vombies for the left.


5 posted on 05/01/2012 7:22:41 AM PDT by dirtymac (Now is the time for all good men to come to the aid of their country., Really! NOW!!!)
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To: dirtymac

Communists/socialist

Zombies

sorry for the missed spell check


6 posted on 05/01/2012 7:26:01 AM PDT by dirtymac (Now is the time for all good men to come to the aid of their country., Really! NOW!!!)
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