i share the sentiment about consulting, but the truth is that consultancies account for a significant portion of intership hires. that’s just common knowledge, UTC.
Posted by 9000 on 12/31/1969 at 03:00 PM
Supply-Demand For Interns Works Against Banks
Friday, April 21, 2006 - 8:34 am
Summer interns are in high demand again, The Times reports today, and investment banks are finding themselves scrambling to attract the best talent. It’s kinda like the late ‘90s, when no self-respecting college junior wanted to spend the summer on a trading desk when he could be playing ping pong in the air conditioned offices of a dot com, only know it’s hedge funds and, say what?, consulting firms luring the best and the brightest away from Wall Street. Consulting firms? Fact checkers, please! What 21-year-old in his right mind would want to get on a track with worse lifestyle and worse pay than the Street. If you’re gonna be miserable, you might as well make some real dough.
Interns Feel Wanted Again [NY Times]
Comments:
the difference is in the option value of consulting: if you don’t like the job, you can usually exit to an operational role in business; even better, ex-consultants often can choose between multiple functions (general management rotations, marketing, finance, strategic planning, operations) whereas an ex-investment banker is usually condemned to the finance field for life. similarly, a consulting intern can parlay that experience into multiple interviews upon graduation; an I-banking intern can have trouble outside an obviously quantitative field…
Posted by on 12/31/1969 at 03:00 PM
Page 1 of 1 pages
Next entry: Hedge Fund Managers Fudging Results? Never!
Previous entry: It Really Is Good To Be The King
