“I Went To Wharton. It Goes Without Saying That You Should Want To F*** Me.”

I think we had a misunderstanding over your use of the term "Wall Street". I was referring to investment banks, you seem to be referring to hedge funds and sponsors. I stand by my assessment when it comes to i-banks. I do agree with you that PE shops are quite focused on recruiting out of HBS. That's a much much smaller contingent than the number of grads recruited every year by Wall St banks though.

Re your comment on Chicago GSB and NYU Stern, I'm not sure what to say other than you seem to be disconnected from reality if you're not aware that they're top bracket core schools for i-bank recruiting

Originally Posted by Eustace Tilley

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Not a single applicant would choose any of the schools mentioned by you over HBS or Stanford regardless of their career path (especially if its finance).

It's quite absurd to see you imply that rankings are useless, and then tell everyone that only these two top schools are worth of a b-school education. I question your logic now as much as your judgement.

The sentence quoted above seems to disregard my point as to why preople go to business school, the career path they seek and how their b-school choice fits these goals. To give you an example, I did not even apply to HBS or Stanford when I decided to go to b-school. I was quite focused on i-banking as my post-MBA career and focused on strong finance b-schools. How does my choice reconcile with your simplistic broad-stroked statement above?

Originally Posted by gdl203

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I think we had a misunderstanding over your use of the term "Wall Street". I was referring to investment banks, you seem to be referring to hedge funds and sponsors. I stand by my assessment when it comes to i-banks. I do agree with you that PE shops are quite focused on recruiting out of HBS. That's a much much smaller contingent than the number of grads recruited every year by Wall St banks though.

Re your comment on Chicago GSB and NYU Stern, I'm not sure what to say other than you seem to be disconnected from reality if you're not aware that they're top bracket core schools for i-bank recruiting

I meant in terms of overall prestige - the reason why i-banks tend to focus on Wharton, Columbia etc. is because they know they will lose the top HBS people to the principal investors. I'm not talking out of my a$$ here - I was on the recruiting team at Goldman, and there was an understanding that the top guys with prior Wall Street experience would opt for PE or HFs. The vast majority of people who join i-banking after b-school (as Associates) have no prior Wall Street experience. The ones who joined as analysts, do a two-year stint in IB and follow that up with PE or HF and then b-school. And then, like any smart group of people, they do not come back into banking.

The question was in terms of prestige, not i-banking recruiting, unless you're actually 'disconnected from reality' in believing that i-banking is the cool thing on Wall Street these days. Chicago (and maybe Stern) probably have more i-bankers than Harvard or Stanford, but that's not because they're better or more prestigious as some random set of rankings may imply.

Originally Posted by gdl203

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It's quite absurd to see you imply that rankings are useless, and then tell everyone that only these two top schools are worth of a b-school education.

Sigh - I never said that - I said that the rankings that place Wharton or Dartmouth as #1 have no basis in reality as the vast majority (there I changed it - I'm sure there are a few others like you) of applicants place the schools as follows: Harvard, Stanford, Wharton etc. etc.

I repeat - anyone who gets into Wharton or Columbia or Chicago is a very smart person worthy of respect. I'm simply saying the rankings are useless.

Originally Posted by Eustace Tilley

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I meant in terms of overall prestige - the reason why i-banks tend to focus on Wharton, Columbia etc. is because they know they will lose the top HBS people to the principal investors. I'm not talking out of my a$$ here - I was on the recruiting team at Goldman, and there was an understanding that the top guys with prior Wall Street experience would opt for PE or HFs. The vast majority of people who join i-banking after b-school (as Associates) have no prior Wall Street experience. The ones who joined as analysts, do a two-year stint in IB and follow that up with PE or HF and then b-school. And then, like any smart group of people, they do not come back into banking.

The question was in terms of prestige, not i-banking recruiting, unless you're actually 'disconnected from reality' in believing that i-banking is the cool thing on Wall Street these days. Chicago (and maybe Stern) probably have more i-bankers than Harvard or Stanford, but that's not because they're better or more prestigious as some random set of rankings may imply.

I prefer not to respond to this ET. You seem to be getting more insulting and condescending with each post... I'm confused by your motivations to disparage a whole career choice along with a number of schools (despite you prefacing that it's not your intent, that's exactly what you're doing here...)

Originally Posted by gdl203

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I prefer not to respond to this ET. You seem to be getting more insulting and condescending with each post... I'm confused by your motivations to disparage a whole career choice along with a number of schools (despite you prefacing that it's not your intent, that's exactly what you're doing here...)

You can choose to read my post again - I apologize if it came across as condescending as it was not meant to be. To repeat, I was an i-banker and think its a profession filled with very smart and driven people. I don't even work on Wall Street anymore but work for a congolomerate in the Midwest, so I'm not disparaging anyone or any profession.

If you do actually work on Wall Street then I'm sure you'll agree with my statements on how the analyst-associate progression typically works.

Very rarely do PE firms touch Chicago. But that's because they mainly recruit from Harvard and Stanford. Chicago probably has the most people I've seen in the hedge fund sector (although most people working at a hedge fund don't have an MBA). I don't know what the heck you're talking about if you say there aren't many reputable funds that go there. I've also never heard anyone say that Wharton was a safety school many years ago, especially since it was a joke to get into an MBA program many years ago to begin with.

But Harvard and Stanford are still top notch for banking and I have yet to see a single banking analyst choose Stern over Harvard, or even Columbia.

I'm going to quit one day and start my own Orange Julius.

Originally Posted by haganah

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I'm going to quit one day and start my own Orange Julius.



Too bad Stern doesn't teach copy / paste on photoshop One of my best friends, UofC, has just started his own hedge fund. He says now he's finally made it. The best trader he's seen is 29 and made an est. 15 million last year with no MBA nor the industry supported SAT, the CFA which he calls this guy his "son" if you will. He says the MBA allowed him to be an entry level "slave" to the industry in order to get to do his own HF. I've never seen a guy so excitied in my life.

My dad always used to tell me that when he went to Penn there was a sign above the toilet paper roll in one of the bathrooms that said "Wharton Degrees - Take one"

Originally Posted by lithium180

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My dad always used to tell me that when he went to Penn there was a sign above the toilet paper roll in one of the bathrooms that said "Wharton Degrees - Take one"

Legend is that at Swarthmore, in deference to the two academic tracks, there were two rolls of toilet paper-- Honors and Coarse.

I just saw his myspace video. The guy talks like he is being dubbed over. This is what happens when you are given excessive positive reenforcement as a child.

His myspace video is ****. Watch his eyes, he's reading off cue cards to the side of the camera. He can't even remember his own lines.

I think he HAS to be joking. Surely nobody is this stupid?

One of the trainers here owns a BMW M3. I never knew that his social status was so much higher than mine! I shal have to start kissing his arse when he gets back from his trip.

Nantucket Red: Your avatar is awesome and very distracting. Do you know where that clip is from? I want the full video.

Good thread to revive....I remembered how much I love JFP

Seriously though he speaks like he's marsupialed.

dl

This has to be a joke. I really enjoyed the MySpace video. He should try to capitalize on his cheesiness now like Antonio Banderas does.