Goldman Sachs Snubs Harvard, Brown (GS, JPM)
Goldman Sachs Group Inc. (NYSE: GS) canceled recruiting visits to Harvard and Brown Universities last week following an incident in late November in which protesters tried to get into a recruiting session during the Occupy Harvard protests. According to a…
Goldman Sachs Group Inc. (NYSE: GS) canceled recruiting visits to Harvard and Brown Universities last week following an incident in late November in which protesters tried to get into a recruiting session during the Occupy Harvard protests.
According to a report in Bloomberg Businessweek, Goldman canceled a December 8th recruiting visit to Harvard, as it had a few days before canceled a session at Brown. Both were rescheduled as online seminars.
Protesters at Princeton University interrupted a recruiting session held by JPMorgan Chase & Co. (NYSE: JPM) that was being attended by about 25 students who had come to learn about the investment bank.
About 22% of last Spring’s graduating class at Harvard accepted jobs in finance or consulting, less than half the 47% who followed that path in 2007. According to Businessweek, half those students would have chosen a different field if it were not for the salary.
Consulting jobs for graduating seniors paid more than $90,000 last spring, including salary and bonus. Investment banking probably paid about $10,000 more.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
