Comments on: Blog about Life (Or Lack of It) of Wall Street Bankers http://www.bjornlee.com/2007/01/01/blog-about-life-or-lack-of-it-of-wall-street-bankers/ An online community engineer coping with the social media explosion Thu, 20 Nov 2008 11:08:07 +0000 http://wordpress.org/?v=2.3 By: Harish Mallipeddi http://www.bjornlee.com/2007/01/01/blog-about-life-or-lack-of-it-of-wall-street-bankers/#comment-423 Harish Mallipeddi Sat, 06 Jan 2007 14:49:22 +0000 http://www.bjornlee.com/2007/01/01/blog-about-life-or-lack-of-it-of-wall-street-bankers/#comment-423 The obscenely fat bonuses and paychecks are meant to compensate for everything else. The banks know it and the college grads know it too. The problem is if you worked really hard to graduate out of the best schools in the world with a near-perfect GPA, doing anything which an average grad can *get* would seem like an insult to all your efforts. So the only way to justify all that hard work is to grab the elitist jobs and the banks do an excellent job at showing off their analyst/associate positions as the elitist. Frankly I don't blame either of them. The obscenely fat bonuses and paychecks are meant to compensate for everything else. The banks know it and the college grads know it too.

The problem is if you worked really hard to graduate out of the best schools in the world with a near-perfect GPA, doing anything which an average grad can *get* would seem like an insult to all your efforts. So the only way to justify all that hard work is to grab the elitist jobs and the banks do an excellent job at showing off their analyst/associate positions as the elitist. Frankly I don’t blame either of them.

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