Banker on Students Vying for Internships: “They’re Done”

by Dan Haley | December 11, 2008 at 12:00 pm

Remember how students were gearing up for i-banking internship interviews this time last year? Well, an Ivy grad banker working at a bulge bracket firm thinks they may as well start studying for the LSATs. Below, an exclusive interview with this still-employed financial services professional:

IvyGate: What’s going to happen to students applying for internships this year?

Banker: They’re done. They need to say goodbye to their Wall Street dreams. It’s not going to happen.

IvyGate: What do you think they should do instead?

Banker: I don’t know. They’ve gotta figure that out.

After the jump, this anonymous banker tells us what he thinks of Obama’s dream team and why the recession is about to get worse.

IvyGate: What do you think of Obama’s economic team?

Banker: I don’t know much about it. But apparently he’s picked really super-competent people.

IvyGate: Your thoughts on the broader economy?

Banker: Many effects of the economic recession have not been felt yet. After Christmas, there will be a new wave bankruptcies as a result of the drop in consumer spending and corresponding loan and mortgage defaults.

There you have it: The recession is about to get worse and you will not land a job. Enjoy your morning.

 
View Comments | |
 
 Print This Post
 
Read more: , ,
  • princeton09

    This is not news at all. What’s the purpose of this post?

  • princeton09

    This is not news at all. What’s the purpose of this post?

  • 804000

    I hope Mr. MeBanker spelled “morgage” wrong on his own.

  • 804000

    I hope Mr. MeBanker spelled “morgage” wrong on his own.

  • D ’07

    There will always be a market for avaricious Ivy Leaguers who treat their degrees as little more than stepping stones to soulless pursuits of meaningless wealth. The Ivy League was founded upon the premise of letting a good education go to waste. I don’t think I’m the only traditionalist, here!

  • D ’07

    There will always be a market for avaricious Ivy Leaguers who treat their degrees as little more than stepping stones to soulless pursuits of meaningless wealth. The Ivy League was founded upon the premise of letting a good education go to waste. I don’t think I’m the only traditionalist, here!

  • A real live banker?

    Wow! An interview with a REAL LIVE BANKER? I thought they didn’t exist any more. What a glorious day now that we have a 24 year-old’s thoughts on the future of the economy.

    Pffffft.

  • A real live banker?

    Wow! An interview with a REAL LIVE BANKER? I thought they didn’t exist any more. What a glorious day now that we have a 24 year-old’s thoughts on the future of the economy.

    Pffffft.

  • Penn 11

    Actually, 804000, mortgage is spelled with a T. Which Ivy are you from, pray tell?

  • Penn 11

    Actually, 804000, mortgage is spelled with a T. Which Ivy are you from, pray tell?

  • Y

    Penn 11: At the time of 804000′s comment, it was spelled “morgage” in the article. His comment, then, was referencing the initial error and was not his own. Hence the sarcasm and quotation marks.

    Now you look like a douche.

  • Y

    Penn 11: At the time of 804000′s comment, it was spelled “morgage” in the article. His comment, then, was referencing the initial error and was not his own. Hence the sarcasm and quotation marks.

    Now you look like a douche.

  • Lobstro the Crab

    Everyone point and laugh at Penn 11! Make him feel bad for a committing an inconsequential mistake! That’s what internet forums are for, right?

  • Lobstro the Crab

    Everyone point and laugh at Penn 11! Make him feel bad for a committing an inconsequential mistake! That’s what internet forums are for, right?

  • brobag

    This is the most useless post charading as news I’ve seen in a while.

    If the audience of this block is Ivy League students and alumni, then we all obviously know investment bankers. Why is the anonymous opinion of some random douche newsworthy?

    This is pathetic.

  • brobag

    This is the most useless post charading as news I’ve seen in a while.

    If the audience of this block is Ivy League students and alumni, then we all obviously know investment bankers. Why is the anonymous opinion of some random douche newsworthy?

    This is pathetic.

  • sobyx1

    Does any one know what this year’s bonus will be in the banks?

  • sobyx1

    Does any one know what this year’s bonus will be in the banks?

  • @ brobag

    Actually, I think this post shows a way forward for IvyGate. A blog that has always ridiculed its readers (Ivy students & grads) may now be showing its disdain for them by deliberately producing crappy, unsourced posts that read as if they were penned by an unimaginative Stephen Glass. I don’t see any explanation for this story other than a total indifference to the blog’s readership. The clear winner here is Bill Kristol, whose tenure at the Times seems to have provided the animating genius for the posts of these newer writers.

  • @ brobag

    Actually, I think this post shows a way forward for IvyGate. A blog that has always ridiculed its readers (Ivy students & grads) may now be showing its disdain for them by deliberately producing crappy, unsourced posts that read as if they were penned by an unimaginative Stephen Glass. I don’t see any explanation for this story other than a total indifference to the blog’s readership. The clear winner here is Bill Kristol, whose tenure at the Times seems to have provided the animating genius for the posts of these newer writers.

blog comments powered by Disqus