These two articles go hand in hand:
Wall Street bust a hidden blessing for grads?
and
The Disadvantages of an Elite Education (posted by a commenter on the first article).
The first article...a bit reductive. Every sector is suffering. Whether you sell out of not, your options are slim, and none of these elite school grads are going to be industry heavyweights in any capacity, anytime soon. And sooner or later, Wall Street will bounce back and recover its rep as lifestyle manna for the self-entitled Ivy kids. Or, in the mean time, another industry will emerge as the destination of choice for those looking to get on the fast track to six-figure incomes.
If I could predict what that was, I wouldn't be writing this blog. Ha, just kidding! But not really. Someone, please, pay me more...
I appreciate the sentiment - if you can't make bank, then why not make your pittance doing something you actually enjoy. However, I imagine the so called "sell-outs" wouldn't be so easily swayed, and the second article suggests the same. Daddy's portfolio might be bone-dry, but dagnabbit, he got Junior into Harvard and he can get him a job with that law firm downtown specializing in wrongful termination suits.
And what's to prevent those waylaid from their Wall Street dreams from pursuing a few resume padding graduate degrees until this whole thing blows over? Well, maybe a shriveled trust fund.
The real question is: where is this purported generation of money-grubbing sell-outs?
Today DABA was revealed as a hoax. I called that WEEKS ago! Maybe I can be overpaid by the Times to fall for some mischeivous Bergdorf babes!
The 20-somethings I know, while they may not all have jobs, aren't crying on the steps of Louis Boston. We couldn't afford to shop there in the first place.
Driving in circles
3 days ago


