Wednesday, October 22, 2008

finance in stern

it upsets me the kind of narrowmindedness that is perpetuated in stern culture. so what that the financial landscape isn't the usual wall street banks calling the shots, that american capitalism is forever changed? that does not mean your finance degree has gone to shit. that does not mean you should climb to the top most floor of bobst and examine the pattern of the tiles on the first floor (or maybe if you should be so inclined, less competition for the rest of us).

there will always be a demand for investment banking, for raising capital through equity or debt. always a demand for mergers and acquisitions. always a demand for providing liquidity in the market. always a demand for financial products.

regardless, financial knowledge is important (as too economics). being able to manage money, to be able to follow the market intelligently (the market, as a mechanism that allocates goods, capital, services, in the most efficient way, and how that affects life all over the world), follow broad trends, etc.

stern is all 'i used to intern for the janitor at goldman sachs, i know i'm awesome, i'm going to be a rich banker one day'. there is life outside of being a banker at a bulge bank. i know it is hard to believe, but such a life exists.

money still makes the world go around.

-andy

1 comment:

Anonymous said...

what happened at stern? some kid committed suicide at bobst?