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As summer analyst recruiting season continues and superdays near, Wall Street has been having a laugh with one New York University applicant who, to say the least, took a surprisingly dogged approach with his cover letter. He wrote: "I am unequivocally the most unflaggingly hard worker I know, and I love self-improvement.
I have always felt that my time should be spent wisely, so I continuously challenge myself ... I decided to redouble my effort by placing out of two classes, taking two honors classes, and holding two part-time jobs. That semester I achieved a 3.93, and in the same time I managed to bench double my bodyweight and do 35 pull-ups."
Since Thursday, February 2, when a Bank of America Merrill Lynch director forwarded the cover letter out to his entire team, offering drinks "to the first analyst to concisely summarize everything that is wrong with" the note, it has passed through more than a dozen firms. Already investment banking and accounting teams at Goldman Sachs, Morgan Stanley, Nomura, Citi, Deutsche Bank, PricewaterhouseCoopers, KPMG, Wells Fargo, Keefe, Bruyette & Woods, Perella Weinberg Partners, and Barclays Capital have read the note, along with the student's relatively robust resume.
Originally posted by scubagravy
reply to post by MysticPearl
Resume link is broken
Originally posted by schuyler
You're letting your hatred for Wall Street color your perception of this incident. This letter sent to a public library employment office would still be over the top. The young man just finished four years of schooling with good grades and still has no idea how to present himself. He could have domne something outrageous and made it work. Here's an example from an application to enter college. But instead the guy talks about his push-ups.
That is totally inappropriate, as is his complete excess of hubris. I agree in that I would not have sent this letter out to make fun of it. I would simply have thrown it away.
Originally posted by windword
He'll get a job out of this. Look at all the free publicity he's getting! Someone will capitalize on him.
Its funny because if these investment bankers wanted to get a real job they would be screwed. Lets face it they have no real skills and do no real work.
Originally posted by Rockpuck
reply to post by TheCommentator
Its funny because if these investment bankers wanted to get a real job they would be screwed. Lets face it they have no real skills and do no real work.
Investment banks attract some of the most intelligent talent from all academic fields to their profession.. because it's both challenging AND lucrative. The actual investment banker is an extremely stressful and difficult job. Yes the higher up you go the easier it seems to get, but the vast majority of the workers work incredibly hard. You're obviously ignorant on the topic.
Originally posted by TheCommentator
Originally posted by Rockpuck
reply to post by TheCommentator
Its funny because if these investment bankers wanted to get a real job they would be screwed. Lets face it they have no real skills and do no real work.
Investment banks attract some of the most intelligent talent from all academic fields to their profession.. because it's both challenging AND lucrative. The actual investment banker is an extremely stressful and difficult job. Yes the higher up you go the easier it seems to get, but the vast majority of the workers work incredibly hard. You're obviously ignorant on the topic.
I’m not saying they don’t work hard, but let’s face it the job requires no real talent apart from good organisation and getting good information.
It’s such a waste that we have this industry because it takes intelligent people away from areas where they could make a real difference because the quick buck is much more appealing.
I’m not ignorant of the topic, I know exactly what they do as I wanted to be one before I realised how screwed the principle idea of the business is.
I’m not saying they don’t work hard, but let’s face it the job requires no real talent apart from good organisation and getting good information.
It’s such a waste that we have this industry because it takes intelligent people away from areas where they could make a real difference because the quick buck is much more appealing.
That's funny. How about you go down to Goldman Sachs and tell them you're good at organizing things and gathering information. I'm sure they won't let you walk out without a lucrative job offer first. It''s not a waste of an industry either. It's the greed and corruption which is horrible, not investing in startups and entrepreneurs.