What Differentiates Opportunities for HYPSM graduates vs. Graduates from Next 10-15 schools

[nynycasino1234]

@MrSamford2014

Here is one difference I have observed: At HYP, elite investment banks will recruit pure humanities majors, on the assumption that if they are bright and successful enough to gain admission to those schools, they are bright enough to succeed in banking despite not having any background in econ or finance . . . plus, the prestige-focused banks like the sheen of a degree from HYP.

That tends not to be the case at the sub-HYP level, where banks seem to expect more finance-specific training from students going through the on-campus recruiting process.

There might be analogous asymmetries in other areas (e.g., going to work as a Congressional aide), but my sense is that these asymmetries will mostly appertain to the very top tiers of the most competitive fields.

You are correct partially. Actually if kid has enough $$$$$ or have connection, you can get a job in investment bank without much problems. However, if you want to go to buy side directly from college, then for a poor kid, you have to attend very elite college. Private equity companies, Venture capital firms, and hedge only hires from Wharton, HYPMS or other ivies and may take only rich kids from other colleges like Michigan etc. For poor kids, no such luck for buy side job from Michigan, Berkeley, Georgia tech etc. The poor kids will be hired for investment bankers job without any issues from these colleges.