college

Actually, this year it’s Princeton, Harvard and Yale, according to the Most Important Rankings of All Time, 2013 edition. Sorry, Whartonites: The rest of your university (yes, there is a whole university attached) continues to drag you down to the level of Duke and MIT. [U.S. News]

Back in August, a Dartmouth student named Andrew Lohse made a simple request of his peers: to stop being whores for Wall Street. “Should landing jobs prestigious 16-hour-a-day jobs at some faceless hedge fund, where they’ll learn about manipulating capital instead of imagining a freer and more just world be the goal of the valedictorians of Ivy League institutions,” Lohse asked and then answered, “No matter how hard I try, I cannot think of more pathetic ambitions.” Lohse charged the undergraduates to “do better” and by better he meant anything other than being “pulled into what is essentially a vulgar and extortionate system of lending and predatory capitalism which is increasingly underwritten by what remains of the public’s coffers.” Was Lohse’s argument a persuasive one? Did the image of him “vomiting in my mouth” at the idea of his peers becoming financial services employees cause anyone to reconsider? Read more »

Remember Garrett Bauer? For those who need a refresher, GB was a trader (who “mostly worked from home”) who was charged last year for running a decades-long insider trading scam with an M&A attorney, Matthew Kluger, that involved stealing information from several law firms. (In April 2011, 20 FBI agents knocked on Bauer’s door to arrest him which, while terrifying, didn’t come as much of a shock– the duo had recently become suspicious that the authorities were onto them and, naturally, went about destroying evidence, a process Bauer recounted to a cooperating witness in a conversation he didn’t realize was being recorded, telling the CC: “My heart was beating ten thousand miles an hour. I went right up to my apartment and I broke the phone in half and went to McDonald’s and put it in two different garabage cans. And someone was watching me. I thought it was an FBI agent. And I asked him, ‘Do you know me? You look familiar.’ And, like, I was so panicked. I literally didn’t sleep that entire night…I can’t sleep. I am waiting for the FBI to ride into my apartment. I am on edge all night thinking they are coming in.”)

Anyway, Bauer ultimately pleaded guilty and is set to be sentenced today. Though he could receive up to 11 years in the big house, a judge will be taking into consideration letters “expressing support or urging leniency” sent on Bauer’s behalf, some of which were written by fans he’s gained working the college lecture circuit the past few months, explaining to undergrads why they don’t want to follow in his footsteps (hint: it involves bunk-beds). Read more »

  • 29 Nov 2011 at 1:52 PM

College Students Hesitant To Reveal Scarlet ‘B’

Time was, landing an offer from an investment bank in the fall of one’s senior was something to be proud of. Secured employment at Goldman/JPMorgan/Lehman Brothers et al for the following year was something you didn’t try to hide and you’d happily join Facebook groups started around the common cause of spending one’s signing bonus on kegs and in some cases, perhaps used it as a way of facilitating the bedding of chicks. Back then, a simple “I need to find a place before my job at [insert firm of choice here] starts” more than lubricated the situation in your favor and the notion of not whipping it out in social situations, with members of the opposite sex and otherwise, would’ve sounded crazy. Now? You keep that shit under wraps. Read more »

  • 21 Oct 2011 at 4:08 PM

Bernie Madoff Couldn’t Be Happier Behind Bars

Maybe, you thought, Bernie Madoff wouldn’t like prison. Maybe, you thought, after a life of luxury, living in an 8X10 would cramp his style. Maybe, you thought, that he’d have trouble earning 14 cents an hour sweeping the floors, after spending several decades ‘earning’ millions making fake trades. Maybe, you thought, he wouldn’t take to an environment wherein taking your pants off means open season on your ass, after coming from a work environment where nobody blinked an eye when he regularly “dropped his trou in the office to ensure that the line of his shirt buttons was precisely vertical,” without the slightest threat of attack. Maybe, you thought, he’d be home sick. Maybe, you thought, he wouldn’t make any friends. Maybe, you thought, he wouldn’t get picked by any fraternities during rush. Well, you couldn’t be anymore wrong. Not only is Berns quickly adjusting and joining all sorts of groups, but he’s having the time of his life. Read more »

Earlier this week, a young financial services employee posed a question to the universe about a problem vis-à-vis size. He wrote:

I have a serious question for all of you. I am a rather large man (both in stature and in the pants.) I played D1 football as an offensive lineman. I am currently 6’1, 250lbs. However, I am very lean and at around max 10% body fat. I worry that my overly muscular stature will not bode well with company culture. After leaving an interview, I was told that I have a “vice grip” for a handshake (I received and accepted their offer.) Not to sound conceited, but I have honestly never come across anyone even close to the size I am at the office, or even walking around down town. I was being silly before about the penis size comment, but I am an attractive guy and present myself well. I don’t look even remotely out of shape or fat (some of the shorter muscular guys can look like that in a dress shirt.)

This a clumsily worded post but I suppose my main question is if anyone has witnessed any type of discrimination towards large, muscular guys at the office. Is this something I should be concerned about? I suppose I could loose 10lbs of muscle or so (I’d truly rather not) if it would help me fit in. Any advice or comments are greatly appreciated.

Read more »

“Our plans [to recruit] are consistent with last year,” said Kristen Williams, head of Bank of America’s global banking and markets campus recruiting team. “We have our target school list in the U.S. and globally. We’re not in a 2009 situation.” [FINS]