• 20 Apr 2009 at 4:45 PM

Don’t Bank On It

nobankforyou.jpgPoor, poor Wharton students. Thing have gotten so bad that the last resort has become “a job teaching in Dubai,” “the State Department,” or, yes, “becoming a rabbi.”

“It’s always been about the brass ring and it’s always been about the brand recognition, and for a lot of students that meant jobs at Goldman Sachs,” said Emanuel Sturman, director of career services at Dartmouth College. “It’s premature to say the bloom is off the rose totally, but I think students are starting to look at a wider array of brass rings.”

So having discovered that, once you take finance out of the picture “…a lot of Wharton people were interesting” and as the recession greedily licks up their tears of ultimate sorrow, what advice might we have for Riana, Daniel and Jessica, oh, wisest Dealbreaker?

Business Grads Looking Beyond Wall Street
[The New York Times]

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Comments (85)

  1. Posted by guest | April 20, 2009 at 4:50 PM

    Plastic surgery.

  2. Posted by guest | April 20, 2009 at 4:51 PM

    Anyone have a McDonalds HR contact we can forward to these poor kids?

  3. Posted by guest | April 20, 2009 at 4:52 PM

    Good start, but what I really long for is the day that many of the inept 1st and 2nd years I know start to fall. It’s time to break the Penn/Cornell/Harvard + good GPA –> BB route. I’d love to see these kids start in the mailroom for 40k/year -and no bonus. It would be great for the industry in the long run.

  4. Posted by guest | April 20, 2009 at 4:53 PM

    They look like whoreton grads.
    -Guest #5

  5. Posted by guest | April 20, 2009 at 4:54 PM

    ep = always, always late.

  6. Posted by Anal_yst | April 20, 2009 at 4:55 PM

    @3
    How many posts you gonna put that same comment on today?
    Advice: Don’t get into finance, even if you can.

  7. Posted by guest | April 20, 2009 at 4:57 PM

    How much cock do you think the three of them saw over the past two years?

  8. Posted by guest | April 20, 2009 at 4:58 PM

    Number 4 i see what you did, you took the name Wharton, which is where they go to school and made a funny out of it. Oh you are so clever!

  9. Posted by guest | April 20, 2009 at 5:05 PM

    My advice to B-School kids, who never asked for it, is simple:
    1. Never kick a cripple.
    2. Never pee uphill while barefooted.
    3. Never fuck anyone poorer or crazier than you.
    4. Never say, “The market will come back…”.
    5. Never chase the dollar. The dollar will chase you if you’re good at what you do.
    6. Never believe a drunk woman who says her husband is “out of town”.

  10. Posted by guest | April 20, 2009 at 5:07 PM

    @8 – #4 here…I also tried to assign the blame to #5 (I guess not very effectively).
    …don’t worry…I know where the door is.

  11. Posted by guest | April 20, 2009 at 5:09 PM

    @9 FTW

  12. Posted by guest | April 20, 2009 at 5:10 PM

    Becoming a Rabbi in Dubai?

  13. Posted by guest | April 20, 2009 at 5:10 PM

    I offer them this one piece of advice: no matter what a stripper tells you, there is no sex in the champagne room. none.

  14. Posted by guest | April 20, 2009 at 5:11 PM

    @9
    too little too late on #3 & 6

  15. Posted by guest | April 20, 2009 at 5:13 PM

    @13 Tell her you have weed and to meet up after work usually works.

  16. Posted by guest | April 20, 2009 at 5:13 PM

    #9 waited four minutes, then made post #11

  17. Posted by guest | April 20, 2009 at 5:14 PM

    Take it easy on them guys, they’re undergrads. The rabbi probably gets laid more often than any of us…

  18. Posted by guest | April 20, 2009 at 5:14 PM

    My advise is to keep their current jobs as the most boring people on the planet.
    Sweet jacket…Land’s End?

  19. Posted by guest | April 20, 2009 at 5:21 PM

    I still have a job. These people clearly are idiots.

  20. Posted by guest | April 20, 2009 at 5:24 PM

    Too douche, didn’t bag

  21. Posted by guest | April 20, 2009 at 5:26 PM

    Rabbis do more than lay people.

  22. Posted by guest | April 20, 2009 at 5:30 PM

    I see a circus in their future.

  23. Posted by guest | April 20, 2009 at 5:30 PM

    @ everyone
    you got that? Ashmore, not Washmore

  24. Posted by guest | April 20, 2009 at 5:36 PM

    I saved latin, what did you do?

  25. Posted by guest | April 20, 2009 at 5:36 PM

    She’s my Rushmore, Max.

  26. Posted by guest | April 20, 2009 at 5:40 PM

    First!

  27. Posted by guest | April 20, 2009 at 5:48 PM

    @7
    The order from left to right is 1) an ass ton 2) a lot in her mouth 3) absolutely none

  28. Posted by guest | April 20, 2009 at 5:51 PM

    @ 9 and 13
    Good stuff

  29. Posted by guest | April 20, 2009 at 6:11 PM

    More advice from Judge Smails…
    http://www.youtube.com/watch?v=cwYJxNnABp4

  30. Posted by Garuda | April 20, 2009 at 6:47 PM

    @13 — what do you mean by “sex”?

  31. Posted by guest | April 20, 2009 at 7:33 PM

    As a Wharton student, I feel the down economy had many positive benefits in that my peers and myself have been forced to rethink our values, consider alternative (possibly more fulfilling paths), but still ultimately land good finance jobs if we REALLY want them.
    Also, Wharton Undergrads (not applicable to MBAs) are highly intelligent, savvy, and hardworking (sometimes too much). Don’t slam a great school if you don’t know what you are talking about

  32. Posted by guest | April 20, 2009 at 7:49 PM

    I AM the Rabbi from the article, and let me tell you all…
    a) I do get more ass than all of you combined
    b) I have a great job
    c) You’re just jealous

  33. Posted by guest | April 20, 2009 at 7:49 PM

    I AM the Rabbi from the article, and let me tell you all…
    a) I do get more ass than all of you combined
    b) I have a great job
    c) You’re just jealous

  34. Posted by guest | April 20, 2009 at 7:49 PM

    I AM the Rabbi from the article, and let me tell you all…
    a) I do get more ass than all of you combined
    b) I have a great job
    c) You’re just jealous

  35. Posted by Seaman Bodine II | April 20, 2009 at 8:24 PM

    @13
    three words for you
    Newburgh, New York

  36. Posted by Seaman Bodine II | April 20, 2009 at 8:29 PM

    @32
    please consider having sex with uncircumsized hemopheliacs in sub-saharan africa, before coming the manhattan for your strategic growth position at de shaw

  37. Posted by AJ | April 20, 2009 at 8:45 PM

    @32 On behalf of myself and all the other Wharton grads, please shut the fuck up

  38. Posted by Seaman Bodine II | April 20, 2009 at 9:00 PM

    @38
    double team @32 with the purveyors of radiated foreskin while blood diamonding it

  39. Posted by guest | April 20, 2009 at 10:08 PM

    “I can’t imagine what it’s like for someone less fortunate than me”…my thoughts exactly. I don’t know how you POSs even live with yourselves.
    God I’m awesome.

  40. Posted by guest | April 20, 2009 at 11:03 PM

    I just got soaked walking from the train home in this f’ing monsoon and I’m probably more wet than either of those three girls have been in the past two years.

  41. Posted by guest | April 21, 2009 at 6:14 AM

    @41 nicely done

  42. Posted by guest | April 21, 2009 at 8:29 AM

    When people are, unemployed they still manage to spend money on certain necessities:
    -Cigarettes, (vices)
    -Lottery tickets (gambling)
    -Gynecologist (doctors)
    Now, if our Wharton Business School students analyze these three key indicators, they should come up a business plan. I just want to help them create a tangible business like, a floating casino that you can smoke in, that also provide medical services, such as Gynecology, heart, ENT, plastic surgery and enhancement!
    CC

  43. Posted by guest | April 21, 2009 at 8:53 AM

    In addition, if the Rabbinical studies are completed, circumcisions too!

  44. Posted by guest | April 21, 2009 at 9:50 AM

    What is a rabi?

  45. Posted by guest | April 21, 2009 at 10:04 AM

    Oops, guess Wharton was the wrong choice for a vocational school. Now it’s time for the senior class to divide up between New England Tractor Trailor Driving School and ITT Tech.

  46. Posted by guest | April 21, 2009 at 7:07 PM

    as a wharton undergrad, i’m convinced the nyt managed to find the 3 stupidest and more boring people here, or at least to edit their comments down to cliched soundbite-worthy drivel. i’m sorry, but you were only planning on going into finance because your parents were pushing you into it? seems like (a) an awful reason to work 80+ hours a week for 2 years, and (b) somebody needs to grow up, ween themselves from the teet, and stop letting mommy and daddy choose what you’re going to do with your life. seriously, who are these people?
    i completely agree with @32. sure the economy’s made things rougher, but it’s mostly just made people think a little bit harder about whether or not a job in finance is what they want, and to consider the myriad (often more interesting or fulfilling) options they have coming out of undergrad with a top tier business degree that is useful in almost any industry (or at least as useful as the average liberal arts degree). in fact, the recession has done good things for wharton by reigniting the entrepreneurial spirit we’re known for by pushing students to make blaze their own paths and consider where their real competencies lie.
    in short, the nytimes article is cliched, myopic, and misleading (like most of their articles). those students are probably antisocial nose-to-the-grindstone keep-your-head-down “follower” types unwilling to make their own opportunity who would have ended up going into i-banking just because everyone else does, rather than taking the time to consider the wide range of options open to them.

  47. Posted by guest | April 22, 2009 at 5:47 PM

    This is #32 writing.
    To #47, I agree with your second paragraph. However, I don’t think your comments about the three interviewed as being stupid are valid. Furthermore, they are just a bit rude. Note, I am not writing this because I am one of the three, I don’t even know them.
    I do agree that many Wharton students choose I-Banking for no reason other than the $ and the obvious career path choice. While that is not a good reason, its not as bad as you make it sound.
    Anyway, overall, no need to bash so much.
    Love,
    A Friendly Wharton Student

  48. Posted by guest | April 22, 2009 at 11:37 PM

    @47 and 48
    Also a Wharton student and I was quoted in the article (as was my other friend and we have been discussing the posts here.)
    A side note – I spent 45 minutes talking to the reporter, and he pulled ONE quote from me. I know the rabbi (in fact, he is my housemate), and he did the same. The rabbi guy (his name is Dan) is actually concentrating in entrepreneurship, contrary to the beliefs of those on this board, and has come to me with some of the most interesting ideas for businesses I have heard over the past four years at school.
    I do not know the other two very well, but like 47 pointed out – the author of the article is very good at picking out quotes to compose an argument with whatever preconceived notion he had about the recruiting market in the first place.
    Also, please keep in mind, a disproportionate number of kids went into investment banking for two-year stints over the past two years, but what is going on right now is, as noted in the video attached to the article, largely a correction in the market. When you are offer a senior in college a six figure salary and an opportunity to go to NYC with all of your college friends for two years, it makes sense to take it. I don’t understand why everyone thinks that people who don’t find their ‘calling in life’ during college and opt for what is still considered a respectable job in New York are so bad. I will be in real estate investment banking, and I love real estate. I do not know whether I want to do development, investments, or even go back for a masters in architecture, and working at an investment bank will allow me to work with a number of large real estate firms and get a better perspective on the industry before I narrow down my career choice. I know this because I worked in investment banking last summer and saw first-hand the types of deals that come across an analysts desk.
    So please, no need to be rude. These are all bright kids who will eventually find a career that they enjoy.

  49. Posted by guest | April 22, 2009 at 11:46 PM

    to finance is god, you know who you are…
    great post.
    enjoyed working with you this year at Wharton. Look forward to continued success outside the academic sphere and putting out Wharton educations to work so we can take numbers 1 – 48s money because we are superior to them in all ways Wharton

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