Getting into Wharton: importance of pedigree

Interesting article from poets and quants on the importance of pedigree, whether it's school or work, in getting into wharton. I think the same concept applies to HBS and Stanford as well. This confirms what I've known for some time about b-school admissions at these top programs. You either need pedigree (school, work, or ideally both) or do something really interesting and off the wall, like navy seals, teach for america, peace corps, founded a successful start-up, worked for a professional sports team, olympic athlete, etc.

http://poetsandquants.com/2011/08/08/getting-into…

 

Crap, looks like I need to transfer out of Hopkins ASAP....

(Although this guy should have just double majored and gotten a 3.8+)

In all seriousness, I think fit is what matters most and if they had enough IB guys from China, he probably didn't get the spot.

 
Best Response

Well, remember that the material in most MBAs is roughly the same. We live in a free country and you have the opportunity to prove those schools wrong on a not-perfectly-level playing field, but one that is relatively fair for intelligent people like yourself.

It is time for you to take "Friend B's" offer and work at a hedge fund. Now it is very simple- just you against the market. UIUC would 100% believe in you, and when you succeed as a hedge fund manager, I want you to mail copies of your checks to the University of Illinois to Wharton and Booth- though I am kinda shocked that Booth would turn you down FT.

If I ever have a successful hedge fund, I am going to have a rule of specifically excluding everyone who's spent more 1/3 of their time over the past ten years at an elite east-coast school from consideration. The key to success in investing and trading isn't getting things right but thinking differently than the rest of the market. Some people might only be wrong 20% of the time, but the markets show us that it's much better to be wrong 40% of the time but 10% of the time be right when the smartest guys in the room are wrong by virtue of participating in less crowded trades. So if you just got a 1600 (ok, now I guess it's 2400) on the SATs, go to a non-target school that has a top-ten ranking in US News for your favorite program. You'll do just fine in the long run and have much a different perspective on how the economics of this country works than the typical Ivy League grad.

I just wanted to conclude by noting that the person raising these concerns is an Ivy League grad about six or seven years out of school working as a trader at a decent prop shop who is disappointed he only got into Booth's part-time program. Chicago has always been a school that asks "So how do you respond when life deals you a tough hand?", and it's subtly giving him a shot to get into their full-time program.

So those feelings of rejection and pushing against a brick wall you are experiencing? They're not unique to state school grads. And if you are a UVA grad who got rejected from Harvard and Stanford but got into Kellogg, don't worry, a lot of blue-blooded Ivy Leaguers are jealous of you. :D

 

Brady, give it a rest buddy, it seems like you've got an unhealthy obsession with B school. Life's too short!!!

"I don't know how to explain to you that you should care about other people."
 

Consequuntur voluptatem temporibus qui corrupti odio nobis. Minus eos atque nihil. Sed consectetur voluptas molestiae possimus rerum. A minima ea quasi nam tenetur. Nemo perferendis deserunt iusto asperiores enim non necessitatibus. Expedita quibusdam qui voluptate pariatur.

Neque earum illo aut et voluptatem et. Natus non nobis soluta dolorem ad cum. Debitis dolores sed quo repudiandae et.

Mollitia cupiditate asperiores dolorem iusto in minima consequatur. Et atque perspiciatis quo porro. Veniam neque numquam quam pariatur ut. Aut fugit est omnis et molestiae. Minus et numquam et non quos.

Maxime voluptas asperiores officiis ea natus illum neque vel. Quas excepturi vitae doloremque temporibus dolor. Explicabo voluptatem aut nulla quia recusandae porro.

looking for that pick-me-up to power through an all-nighter?

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”