THE STREET: Lobster And Cristal For The Intern (from BW)

[MBABoy]

If People who apply for B-school this year are just lured by some finance jobs offering higher or extremely higher pay, I think that they will get themselves into a difficult situation when they graduate. This is a good year for job market, but who knows about the coming years?
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Lobster And Cristal For The Intern

Not all interns are created equal. While many toil away in corporate mail rooms for little or no compensation, some finance majors on Wall Street will earn up to $15,000 this summer. February marks the height of undergraduate recruiting for firms such as Goldman Sachs and Merrill Lynch, and a few lucky candidates are getting a decadent taste of what's to come. After multiple interviews at top schools, finalists are flown to headquarters to mix and mingle with senior managers. The selling involves more than just pizza and bowling. "They're getting wined and dined in New York, staying at the finest hotels, and eating $400 dinners," says Steven Rothberg, president of CollegeRecruiter.com. "It's absurd, but it works."

There's a reason for Wall Street's open-wallet policy. With undergraduates making up 75% of new hires at Merrill, relationship-building is paramount. "If they're not with us, they're with our competitors," says Connie Thanasoulis, Merrill's chief operating officer for campus recruiting. Most companies won't discuss specifics, but Merrill recruiters say they cover all candidates' expenses, including travel, lodging, meals, and sometimes even those of a "significant other." Dude, is it too late to change majors?

By Bremen Leak

[asicschu]

Thanks for your kindly sharing...

[adif]

thanks for sharing!!

[knobhill18]

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