$200,000 paychecks, exit opportunities and proximity to power: Here's why graduates flock to Wall Street.
"If I have to basically sell my soul to this bank for a few years, I need to be paid for it," said a first-year banker at Citigroup. "There are a million students who are all deserving, but there just aren't enough spots; they would kill for this opportunity."
"It really came down to the fact that I felt strongly that I could pretty much go anywhere after I do two solid years of investment banking," she said. "People make this assumption that if you can survive investment banking at a top firm, you can handle anything."Another first year, this one at Goldman, reiterated that sentiment. Many of her peers are motivated by the cachet of the firm and the possibilities it opens up, she said.
Still, others were attracted to banking itself and its proximity to the powerful. Those who make it past the analyst and associate levels can begin doing more substantive work, and managing directors are often tasked with bringing in multi-billion dollar deals, basking in glory when a merger closes.
In recent years, banks have begun recruiting as early as freshman year, probably due to competition for top students from big tech and other firms. They have also begun leaning on testing andEmma Rasiel, Duke UniversityMany students prefer the security of knowing where they will land after finishing their expensive educations, according to, an economics professor at Duke University who mentors finance students.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Must Read: Estée Lauder Announces Amanda Gorman Partnership, Publicists Are the New Street-Style StarsPlus, how fast fashion's thirst for change could be fueling a human rights crisis.
Weiterlesen »
Fashion Week’s Coolest Street Style Stars Are Behind-the-ScenesWith their clipboards and earpieces, these fashionable PRs are the most underrated street style stars.
Weiterlesen »
Wall St Week Ahead Investors grow wary as stocks hit new highsInvestors are girding their portfolios for potential stock market volatility, even as equities hover near fresh highs after logging seven straight months of gains.
Weiterlesen »
Here's What All the Cool Kids — and Street-Style Stars — Will Be Wearing This FallBottega Veneta has finally released its Salon 02 (i.e. Fall 2021) collection, just in time for another fashion month.
Weiterlesen »