<p>You are extremely naive if you think all of the pre-med students out there want to become doctors for the "greater good." Yes, caring for people is a high and noble cause, but don't discount the fact that doctor's are just as high as bankers on the prestige ladder and pay just as well in most cases.</p>
<p>Not to mention the billions lost in personal net worth, pension funds, tax dollars, etc.</p>
<p>I'd hate to see your definition of a "bad crisis"</p>
<p>You're an idiot. You obviously didn't comprehend my initial post at all, did you?</p>
<p>Point: money is always a factor. And usually the most important one.</p>
<p>Point: A medical doctor produces a tangible service that is actually worth something.</p>
<p>Point2: Investment bankers and the majority of finance professionals do not directly create tangible wealth. The bottom line is that these professionals produce services that are based on other people that actually create the products and services which keep the market churning.</p>
<p>His or her post was never about the money. Every friggin worker works for money for food, shelter, iPods, beer, and bikinis.</p>
<p>annay, its not up to you to decide whether a service is "actually worth something".</p>
<p>many finance professionals create wealth for normal working people. people who want to watch their money grow to fund their retirements, children's college tuitions, and pay for other events that may end up costly such as emergency surgery. whats wrong with that? is a child's college education not worth something?</p>
<p>I never understood why investment banks higher the BA in history from " insert ivy league" instead of the finance or accounting major from a decent school that knows the industry and what to do....now we know what happens because of poor recruiting...</p>
<p>because in investment banking nothing more than algebra skills and a determination to work long hours will get you through. these BAs in history from "ivy league" are extremely smart (thats how they got there in the first place). id take a history or english major from princeton over a state college finance major.</p>
<p>^^^Moreover, banks train their people very well. IB is an apprenticeship. So, there is no correlation to "what happens b/c of poor recruiting" ...</p>
<p>
[QUOTE]
I never understood why investment banks higher the BA in history from " insert ivy league" instead of the finance or accounting major from a decent school that knows the industry and what to do....now we know what happens because of poor recruiting...
[/QUOTE]
</p>
<ol>
<li><p>because a BA in History from a top school probably knows the difference between 'hire' and 'higher'.</p></li>
<li><p>because a BA in History from a top school will probably be quicker to pick up new things than a finance major from some normal school, which means better performance in the long run (even though they may have to do some catching up during the first few weeks).</p></li>
</ol>
<p>they should have learned from the mistakes made in the past by wall street but they keep repeating them, and "higher" was a just a typo which humans make when typing casually, to imply that is common to non-ivy league students is absurd as many ivy league grads are dumber such as our President and all the losers on wall street that bankrupt their own firms because they can't asses risks and make smart decisions</p>
<p>Thanks nauru. I was just about to point out your #1. </p>
<p>Also, I am a lecturer at a state college (for 18 years) and have three kids at top USNews ranked schools (including one Ivy). The comparison in abilities and comprehension between my student's and my children, (I think not biased) and their classmates in both hs and college is expansive. Unfortunately, we are not all created equal (even if we are all recognized as such under the law). Some students have a difficult (or never) time grasping abstract and complex concepts. Others never or eventually get it.</p>
<p>This is NOT to say that there are really smart kids at state schools or lower ranked school or that there are less intelligent kids at top ranked schools. But if you are an HR person and have to select between two candidates, I would go with the history major from (insert top school here_____) versus other.</p>
<p>Grasping relatively simple concepts appears to work better in business in the long run. See Buffett vs Wall Street. The problem with smart people is they think they can outsmart everyone all the time. They can't. Common sense always will prevail. Yes you need a decent IQ--around 120 will work just fine. Anymore and you are asking for trouble. Bill Gates got Microsoft into trouble because he thought he had all the answers. After awhile he was answering the wrong questions. The world went another direction.</p>
<p>"and "higher" was a just a typo which humans make when typing casually, to imply that is common to non-ivy league students is absurd"</p>
<p>No, it is not. Typos don't happen in banking. </p>
<p>"as many ivy league grads are dumber such as our President and all the losers on wall street that bankrupt their own firms because they can't asses risks and make smart decisions"</p>
<p>Even if I am not a fan of George, he is still the president. And those "losers" are still bankers or heading to top business school. Who are you? </p>
<p>The self-importance of kids these days is awe-inspiring.</p>
<p>George is President because he stole the election twice. And they are not STILL bankers, Dick Fuld of Lehman, and the heads of Bear Stears, Freddie and Fannie are also unemployed. Typos don't happen in banking because they have spell check before submitting their work.</p>
<p>"Typos don't happen in banking because they have spell check before submitting their work."</p>
<p>You really have no idea, do you? :)</p>
<p>And the really funny thing is--you never will.</p>
<p>^Amen :)</p>
<p>that sounded too cheesy...and you only responded to one of my smaller points</p>
<p>"you only responded to one of my smaller points"</p>
<p>Right. It's so obvious you have no idea what you are talking about that there is no need to touch on anything else. I don't feel like wasting much of my time. Besides, you discredit yourself.</p>
<p>So, my main point is this: you have no points, neither big nor small. This is not high school. You have never worked in i-banking, you have no credibility. Hope this small point is clear.</p>
<p>Wow, the OP is obviously a high schooler or just extremely stupid.</p>
<p>Wow, these history Ivy Leaguers are really delusional to think that just b/c they went to an Ivy League school, they are automatically "smarter" than the finance/accounting major from a state university and are therefore entitled to these investment banking jobs.</p>
<p>Contrary to what you delusional Ivy Leaguers think, we finance/accounting majors from state universities bust our balls at our state universities (unlike history and poli sci majors). We work our a$$es off to learn multivariable calculus and NPV while history majors from Ivy League universities learn Plato and useless s*it. </p>
<p>The reason the economy is in such bad shape is that all those a-hole i-bankers from Ivy League universities have screwed it up. Ivy Leaguers were more interested in money and being prestige wh0res and now the economy is ruined b/c of greedy, arrogant Ivy Leaguers. I hope you Ivy Leaguers get your coemuppance. Karma's a b*tch isn't it, i-bankers?</p>