<p>Wallstreet the birthplace of legalized scamming</p>
<p>What does BB mean?</p>
<p>Some scandalous Wall Street execs and their undergrad colleges:</p>
<p>Richard Fuld (Lehman Bros), Univ of Colorado
Maurice Greenberg (AIG), Univ of Miami
Martin Sullivan (AIG), none
Charles Prince (Citigroup), USC
Stanley O’Neal (Merrill Lynch), Kettering
Ken Thompson (Wachovia), Univ of North Carolina
Daniel Mudd (Fannie Mae), Univ of Virginia
James Cayne (Bear Stearns), Purdue (didn’t graduate)
Richard Marin (Bear Stearns), Cornell
Bernie Madoff (ponzi), Hofstra
Michael Milken (junk bond king), Cal Berkeley
Ivan Boesky (insider trading), Michigan (didn’t graduate)
Bernard Ebbers (Worldcom), Mississippi College
Jeffrey Skilling (Enron), Southern Methodist Univ
Kenneth Lay (Enron), Univ of Missouri</p>
<p>Note there are no Harvards, Whartons, Dartmouths, etc. Greed can come from anywhere.</p>
<p>“Wall Street” is supposed to mean the securities firms, many of the people above did not work on Wall Street. Many were clients of Wall Street firms, not members of these firms.</p>
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<p>bulge brackets- Morgan Stanley, Goldman e.t.c</p>
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<p>I thought enron had a harvard grad or a large number in the scam</p>
<p>“I thought enron had a harvard grad or a large number in the scam.”</p>
<p>Yeah. They went to HBS.</p>
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<p>not true, some pretty mediocre students at Columbia (and comparable schools), get front office jobs. I know many 3.2-3.4 kids at Columbia without any great EC leadership getting interviews and front office jobs on wall street and in top 10 MC firms. </p>
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<p>at stern management consulting is practically non-existent - none of bain, bcg, booz and mckinsey hire from stern. Deloitte, accenture, capgemini etc. is where MC aspirants end up. Some truly exceptional or exceptionally connected candidates break into Mck / bain / bcg but that’s not because of stern. stern is well recruited in finance, but as some have pointed out - highly competitive.</p>
<p>^ I would appreciate if you can provide verifiable data re Stern grads are non-existent in MC.</p>
<p>^ they are not per se non-existent, but MC firms do not recruit them straight from undergraduate. However you will find them in MC firms because they would likely have had a stint at a finance firm either in MO (corporate strategy e.t.c) and FO before they can go for the MBB firms.</p>
<p>I agree with this from what I have seen</p>
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<p>stern doesn’t publish any data that I am aware of. many MBB sternies might be MBAs from stern and undergrads do break in, but my point was that mck/bain/bcg/booz does not recruit undergrads from stern’s campus like they do at ivies / stanford / duke. If you know any stern undergrads this is easily verifiable for you, I have close stern class of 2010/2011 friends who have complained about this many times.</p>
<p>"…many MBB sternies might be MBAs from stern "</p>
<p>Indeed that might be the case, if only their MBAs were seriously recruited by those places either. Again, it’s always possible things have changed materially…</p>
<p>I think you are confusing the undergrad with the grad school. NYU undergrad, even business degrees, are NOT prestigious. The MBA and law degrees, however, are very prestigious.</p>
<p>Well, thanks for all the responses.</p>
<p>I’m kind of worried now. I applied EDII to Stern and sort of put all eggs in one basket. Being the sort of person I am, I didn’t apply to any Ivies b/c I thought they would be too far of reaches for me (although I’m pretty sure I’d have an okay shot at Cornell at the very least). I got through high school really without trying too hard (still top 10%, 2100+ SATS without studying). I’m already planning to take my SATS with studying once (shooting for 2300+), but there is not much more I can do to change my colleges applied to now. Should I attempt to transfer out of Stern to an Ivy League later on? Is it even worth it? Or should I attempt to be the best at my class at Stern (how do average people in Stern’s class fare at getting decent jobs?)?</p>
<p>My state school is definitely not an option in my opinion. I mean it’s decent (in top 70 I believe) but it’s not a UVA, Umich, or UC lol.</p>
<p>Also, I always here that Stern is one of the better Wall Street feeder schools b/c you can intern all year long. Is this still true?</p>
<p>"
Also, I always here that Stern is one of the better Wall Street feeder schools b/c you can intern all year long. Is this still true?
"</p>
<p>Of course, NYU’s proximity to Wall Street gives it an advantage in terms of getting internships. Remember that internships give you the push you need to get into the Wall Street job market. Other schools that don’t have that kind of access.</p>
<p>NYU undergrad degrees are very prestigious, especially the ones in finance. I guess the user informative has not heard of the stern curve which only awards the top students with A’s, so that the GPA is not inflated. The employers know this, so that’s why recruiting is heavy in NYU. You might not get a Wall St job persay, but you WILL get a job. In NYC, NYU Stern whether on undergrad or grad level is VERY prestigious. Only an Ivy School, Duke, UChicago, can match it.</p>
<p>I am majoring in finance ^^.</p>
<p>Informative, as a rule, if a graduate program is prestigious, its undergraduate counterpart must, by definition, also be prestigious…if not to the common person, then certainly to the academics and professionals who work in the field. NYU has several very prestigious programs at the universgraduate level, including Business and Film. Also, there aren’t many Mathematicians and Philosophers today who respect an undergraduate degree from NYU a great deal in their respective fields.</p>
<p>Probably going off topic, but NYU probably has one of the best philosophy programs in the US. But yes, the Stern curve will make it hard for any student to get an A, because of the limited number of students per class that can receive an A.</p>
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<p>This is most certainly a disadvantage to sternies and only heightens competition. The fact is employers just see gpa, school and major. An employer isn’t going to see a 3.5 from dartmouth and a 3.5 from stern and then know or further analyze that stern’s grades are deflated. In fact the 3.5 from Dart probably has the edge. Grade deflation hurts the average candidate’s chances because many employers have a GPA cutoff (many will have an unofficial cutoff if not official). The only people who get slack for poorer grades are science and engineering majors, and here the adjustment might be 0.2 - 0.3 at most. Finance or management isn’t considered a particularly difficult major at all, so grade deflation or not, if you want a front office wall street job you’ve got to do very well at Stern.</p>
<p>Stern undergrad not prestigious? HAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!</p>
<p>A good graduate school doesn’t mean there is a good undergraduate, but there is a correlation because of a “trickle-down” effect in which resources and available. Because by that logic, a school with a bad or okay graduate program has a bad undergrad, which certainly isn’t true. Yet even schools with an okay graduate program can still have a “trick-down” effect for their undergraduates.</p>
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This is false because prestige at the undergraduate level is primarily driven by selectivity and graduate outcomes. However, prestige at the graduate level is determined solely by the ranking of the program in question, the sheer academic prowess of the faculty and the resources/grant funding available.</p>
<p>A prima facie example is Cal Berkeley. If we were to measure its graduate excellence as a whole and compared it to other universities in the same manner (not sure why we would do this because people only apply to one graduate program of study specifically and all that matters is a school’s ranking in that field whereas undergrad has a general curriculum), then Cal would be a top 5 university along with Harvard, Stanford, MIT and Princeton.</p>
<p>Are you prepared to say that Berkeley is superior to Yale Alexandre? Cal has stronger faculty and more breadth across all departments than Yale. So, why is Yale considered better in your eyes?</p>