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Got an offer for a sales applications manager role at Cisco and a Strategic AE role at Amazon - both are basically the same pay (130~ base, 220 OTE)
I don’t have any friends at either company so I was curious if anyone has experience and can shed some light on culture/ work life balance to help me make a decision? Thanks for the help guys!
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Poor Pats 😥
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Depends, private equity firms are usually a boys club. Honestly only thing that matters is how much you’re bringing to the table. No one will have anything to say if you’re producing $$$$$ for the firm.
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In high finance, yes absolutely. The majority of people in that scene were raised wealthy and have never spent significant time in a different atmosphere.
People they know, from similar circles, who went to lesser schools or worked in lower paying or less prestigious jobs ended up there despite their proceeded for a reason.
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*privledge
No. I’ve been in finance for 6 years - went to a decent school (maybe top 100 public school in US) and have worked at one small family office and one mid size public REIT. I don’t feel I’m treated as lesser by my peers
No, no one cares where you went to school or what you did prior at least at Goldman Sachs unless it’s like something super interesting like a former marine biologist or comedian. Respect comes from performance, which senior leaders know you and your personality. This may be different at Private Equity and Hedge Funds firms.
Hmm I don’t know about elitist when it comes to school but in my realm of the financial industry there’s always a back and forth on what financial strategy is the best as if there’s one sure fire way to become financially independent.
I’ll be straight forward and honest. I found a passion to thoroughly study the intricacy of advance life insurance strategies for high net worth individuals and business owners and there’s so much hate between securities advisors and what we do pitting one thing vs another. I personally feel everything has a place and looking for people to work with and collaborate with
Just my two cents as I feel showing bias towards one financial strategy in a way is an elitist type of thing.
There are plenty of Wall St. success stories that didn’t begin at HBS or Wharton. There will always be buddy/buddy prep school nonsense, but it’s still a meritocracy above all else.
Good ol boys club.
its elitist in most places, not just finance. very elitist in consulting as well
I definitely think it’s true in lofty firms, but less true in corporate
I wonder how many answering this question as No are non-BIOPOC or are in a big city, OR they are in Finance and studied Econ or something. Check your own bias. Look around you. Often, in my experience, they hire from the same schools. Already have connections and relationships. I’m an oddity in this field. I didn’t study it. I have been through hell and back earning my way to where I am. Even with a title I still have to “prove” myself every day.
I’ve witnessed it and heard C-Suite say they only want to hire a certain type of person. It’s rampant and more are becoming bold as they strip dei programs.
Nope. Unless you are trying to hard to fit it.
If you're a financial advisor you should know people only care about how well you produce.
Both consulting (strategy) and finance (PE, IB), yes. Every job I want I’m competing against people who went to target schools, and companies will always pick them first.
Don’t know what it’s like once you get the job, but incredibly annoying and unfortunate that the school you went to will effect you for the rest of your life if you want to be in consulting or finance.
Probably true in the wire house space.
I have hardly ever known where my coworkers went to school. You know why? Because it doesn't matter. All that matters is what you can do. The proof is in the pudding.
The times I have known where they went to school is from talking about college sports where it came out.
People may think they are elite - we have some Ivy Leaguers.
The two people that run the firm are Midwest state school guys. Neither has a CFP.
The state school people tell the ivy leaguers what to do and they are better advisors by far. It’s the complete opposite of elite at many firms that actually are good.