bigstockphoto_diverse_business_people_3975433

I shared this advice with the leaders of a Wall Street investment bank who complained that all their young analysts have been jumping ship within 18 months. I asked who they hire. “Only the best from Harvard, Yale, Princeton and Stanford.”

I asked why. “Because we only want the best working here.”

“Where did you all graduate from?”

“Harvard, Yale, Princeton and Stanford.”

“Can a B student from a good finance program in the Midwest do well here?”

“If he or she works hard enough.”

“Well, there’s a much better chance that someone like that is going to stay for five years than the Ivy League hotshot who looks at your job as a stepping stone.”

They protested that someone from the Midwest would have trouble thriving in the culture.

“Whose issue is that?” I asked. “You can have the hotshots for 18 months or some hardworking B Students from the Midwest for five or more years.”

Sadly, they couldn’t seem to get their heads around that. So we parted company.

Please follow and like us:

Leave A Comment