its been a while since i've posted. been too busy in the flurry of internship applications, classes (well class is never THAT busy), finding a job, reading books (attempting to), seeing friends that i haven't seen for months, and just plain catching up with good ol' new york.
new york is great. stern (nyu business school), on the other hand, sucks. just the mentality that is going around now like the influenza, infesting the innocent tender minds of the students. everyone has turned into a zombie, applying without discretion to internships, going to recruiting events, whoring themselves out to all recruiters and (for those desperate) anyone in a business suit.
it is disgusting. the world of undergraduate business relies on the financial world, which is governed by the bulge banks, large investment houses on wall street. ugrad finance students would listen to every word that any investment bank releases. 'oh, goldman sachs said to take this derivatives course? i'll take it three times and get the four related books from the library in addition to the two books recommended for the class..' and now with the banking and financial crisis, the biggest banks are fucking up. major consolidations in the industry (bear stearns+jp, bank of america+merrill, RBS and ABN, citi shitting everywhere, etc), nationalization (partly RBS), and of course death (lehman). who the hell are the students going to turn to?
so here they are, going crazy over recruiting and applying to internships, as if that was the sole purpose of coming to nyu, instead of getting a bachelors of science degree (which is true, sadly. why else learn fixed income instruments if i can't get a job making tons of money?). people talking about people talking about people about who got what interview at what time for what division. all of a sudden we're back in high school talking about college admissions.
wall street and the world of finance runs on information. nyu stern is a giant bubble. no one really knows what is going on out there except that shit is going to go down and more shit will go down this year. who knows how long we'll be in this recession, or what the financial landscape will look like when we finally emerge out of the cave. will a finance degree still be worth it? will working on wall st be the same, big bonuses and models and bottles?
(hardly. obama already criticized wall street for those bonuses, especially now since banks are getting bailed out by the government. but that is for another entry)
so this is it, this is us, wandering in the depths of some cave trying to find our way out. only time can tell what the future holds.
- andy
1 comment:
andy -
i'm looking forward to all of your posts in the future. i'm so glad that i still have friends who are truthful and open-minded.
i've been seeing the same thing happen to a lot of my friends here at UCLA. people are getting extremely desperate and would do anything to get a job at anywhere. it's like passion and interests aren't even a factor when considering a job.
but i'm so glad to read your post and i really do love you. keep up the blogging and i'm looking forward to checking up on it frequently!!
-mike gao
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