Saturday, April 24, 2010

link of the week

This is a topic I've touched on before.  But Ezra Klein really hits it out of the park with his interview of an anonymous Harvard graduate who went to work for Goldman Sachs in an article titled, "Why do Harvard kids head to Wall Street?"  Because really, at the end of the day it's kinda bizarre that many of Americas best and brightest go to work for these Wall Street firms that are basically mobsters with better clothes.  Money quote:

Investment banking was never something I thought I wanted to do. But the recruiting culture at Harvard is extremely powerful. In the midst of anxiety and trying to find a job at the end of college, the recruiters are really in your face, and they make it very easy. One thing is the internship program. It's your junior year, it's January or February, and you interview for internships. If all goes well, it's sort of a summer-long interview. And if that goes well, you have an offer by September of your senior year, and that's very appealing. It makes your senior year more relaxed, you can focus on your thesis, you can drink more. You just don't have to worry about getting a job.

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