amen!
Hireviews are somewhat democratizing what was once largely elite campus OCR for IB and Consulting. Tools like Linkedin make it so much easier for kids to network with alumns. My guess is recruiting is still overweight HYPSW and top 20ish schools, but maybe, just maybe, thatās where a lot of talent lies (didnāt say the best, but why would it be worse?). So much of this is self selection. Those seeking elite outcomes tend to seek elite schools. Those schools generate elite alumns who help elite candidates and the wheel continues to turn. That said, there is plenty of room at the table for those stars who attend State U or other schools. Itās just harder to get that interview. Once you get the interview, itās pretty much all you.
This is exactly right - my son is at Alabama and in an engineering internship at a major auto OEM with two Ga Tech students - thatās the target school. But he got the hirevue and went from there.
It doesnāt hurt HR, with the algorithms being used, etc. - nothing is off the table since it takes them no effort - so a kid from anywhere can get access. Iād make sure you go to a school with an investment team, where students get to manage a part of the schoolās endowment or investment.
Even then, thereās no guarantee as not all are picked for those roles within the school.
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One thing that may be helpful is researching which schools have Bloomberg terminals on campus. D20 was looking into Econ and on a tour at our nearest state U, they made a big deal about how they had one and how great an opportunity it was for students. It obviously wasnāt an LAC, but after touring several of those, we never came across another oneā¦
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That sounds to me like a marketing gimmick. Students are unlikely to have meanfully access to a $1.5k+/month terminal, which primarily provides real-time market data and news for professionals and communication between them.
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I donāt know about other schools, but Denison has multiple Bloomberg terminals for students and students can get certified. A quick google search shows Union College also has one terminal for student use.
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Ithaca College has one, too, as well as the one at UAlbany
https://www.ithaca.edu/academics/school-business/business-administration/finance/trading-room
For $149 a student can get certified by Bloomberg after taking an 8 hour, self-guided online course.
Pick a college for the courses, faculty and experience, not the software.
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If I had a choice between two candidates- one with Bloomberg experience, the other with an extra statistics class (programming in R?) or a relevant foreign languageā¦ all other things being equal, the Bloomberg experience becomes pretty trivial very quickly.
SOME roles in finance will use Bloomberg, and employers expect to train new employees. Other roles donāt, and the āknowledgeā is nowhere near as useful as core analytical skills, foreign languages, history, even an extra macroeconomics course or advanced econometrics.
Iām with Eyeveee on this. Get an education, not vocational training, if you are paying for a Bachelorās degreeā¦
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