What savvy undergrads are doing to get elite summer internships
Scary article in Business Week about what uber-focused frosh and others are doing to lock down elite banking and consulting internships as part of their mastet plan to gain admission to Harvard Business School, Stanford Business School, and Wharton School of Business.
Once, merely graduating from an Ivy League college or similarly prestigious rival like Stanford or Swarthmore qualified students for a choice entry-level perch on Wall Street. No longer. “The whole idea of smart people just falling into banking is becoming rarer,” says Lance LaVergne, a vice-president and global head of diversity recruiting at Goldman Sachs (GS). “Clubs are essential to preparation, especially for students who are not majoring in traditional disciplines like finance or accounting.”
