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Chicago Booth Ads Insult To Injury

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IMG is the student group for Chicago MBA students looking for positions with hedge funds, mutual funds, sell side, etc. Here are the stats on who chased and conquered that dream and who didn't. As an employment-seeker noted, "it wasn't really necessary to do all the number crunching when a 'you been fucked' would've sufficed," but I guess someone had the time and initiative.

From: On Behalf Of Boswell, Mariko
Sent: Friday, May 15, 2009 10:05 AM
Subject: IM Recruiting Statistics from Career Services
IMG Members:
As requested by many of you, Career Services has compiled IM-specific recruiting statistics. Please see the information below from Char Bennington.
Dear First-Year and Second-Year IMG Members,
Based on questions from the meeting I attended several weeks ago, the following %'s were compiled based on current 1st years and 2nd years pursuing roles in IM. We used a number of data points to come up with the "interest" factor (students truly interested in IM) including full-time and internships interviews, resume book profile information, etc. Based on information that was reported through the Search Status Survey (SSS) as of late last week, here are a few data points as a % of the total IM seeker population best that we can estimate:

1st Years
42% - % of students reporting having received an IM offer
20% - % of student reporting another related offer (mostly finance-related roles)
38% - % of students continuing to seek
Overall first-year class data: 68% have reported having received an offer.
2nd Years
32% - % of students reporting having received an IM offer
29% - % of student reporting another related offer (mostly finance-related roles)
37% - % of students continuing to seek
Overall second-year class data: 71% have reported having received an offer.
We had to make assumptions in identifying the IM population, and I think there's a good chance that the "continuing to seek" figure includes individuals who did some IM interviewing in addition to other functions so it was difficult to know which was truly his/her top choice. Either way, it's clear this is a tough environment to be conducting a job search. If you're reading this and continuing your search, if you haven't recently, touch base with a Career Coach! Our Coaches are very adept at developing strategies with you, reviewing and helping you improve your correspondence, doing mock interviews, etc. We know it's challenging, and we're here to support you.


Chicago-Area Investment Manager Is Incorrigible Maggot, Says His Grandfather

Allan Ash, pictured at left, is 95 years-old. He's lived through the Great Depression.  Hitler's rise to power. Pearl Harbor. Korea. The assassination of John F. Kennedy. He's got heart problems. Water on his lungs. No use of his legs. He lost his sight several years back. But you wanna know the biggest disappointment of his life? The fact that his grandson turned out to be a two-faced rotten bum who should count his lucky stars grandpa is only going after his ass in court and not on the streets. In papers filed in Manhattan Supreme Court, Allan Ash, 95, said he had just one condition when he gave the money to Geoffrey Richards earlier this year — that if he recovered from heart problems and needed any of the money back, his grandson would give it to him. Ash did get better and asked for $200,000 back in early April — but Richards refused to pay him a dime, court papers say. Now the grandfather who says he treated Richards like a son is suing to get back every penny. “He is a scoundrel. He loves money,” the fuming retired CPA said at his East Side home yesterday. “He is the greatest disappointment in my life.” [Ash paid] for a fancy boarding school for Richards, as well as college and law school, court papers read. He also paid for Richards to take vacations in places like Israel, Amsterdam, Greece, Italy and Sweden, the suit continues. After Richards’ graduation, Ash “continued to try and make life easier” for his grandson, giving him $600,000 over the past 14 years, according to the lawsuit. The money helped make Richards a success — he’s a managing director at a global investment firm in Chicago, making over $1 million a year, court papers say. He’s also the grandson Ash had wanted to handle his affairs when he died, so when heart problems and water on the lungs had him thinking the end was near this past spring, he loaned Richards the $950,000 — some of which he hoped would be used to arrange his own funeral services...When Ash got better, he asked for $200,000 of the money back, and Richards — who lives in a multimillion-dollar home by himself — refused, the suit says. “Lightning struck my heart,” Ash recalled. “I was enraged, betrayed.” He said he now plans to have another grandson who lives in New York handle his affairs, and wants the money back for that grandchild and another relative. ‘Heart woe’ CPA says kin reneged on $950K loan [NYP] Spoiled Grandson Won't Return My $950K, Angry 95-Year-Old Grandpa Says [DNAI] 40 Under 40: Geoffrey Richards [Crain's]