Frat Stars Statistically Do Better On The Job Than Hardo Nerds

One pattern I've noticed recently is that although the finance club 4.0 BIWS memorizing hardos with 3 internships might have a better resume going into their SA, the frat stars who barely skates by with a 3.5 by taking easy electives do way better on the job (gets staffed on the sexiest deals, gets the most return offers, gets top bucket, places in PE MFs in the first 48 hours of on-cycle, etc). Just goes to show how important social skills is for this industry and if you're a 5'9 lanky indian dude your 4.0 GPA isn't going to help you edge out the 6'3 varsity lax frat star from UVA.

 

lol i can't think of what type of person would actually post this... because there's no way you're this "varsity star" posting about themselves. obviously being social will win you more long term because you're able to nurture client relationships and workplace dynamics better than a "nerd". not rocket science

 

Looking at greek life (especially from my frat) kids from my alma mater on LinkedIn versus GDIs and I can see a huge difference in their career trajectories (nerds/hardos exiting to CorpDev, stuck on sell-side, gets placed in groups with no deal flow/bad exits, don't get return offers and downgrade to regional boutiques/MM shops, while frat stars exit to HF/PE MF, get into HSW, gets placed into top groups)

 

As much as I hate to break it to you, the Indian 4.0 will absolutely destroy the white "frat star"  if he has moderate social skills and is in a bunch of clubs especially since he's probably at a better school. IB is not all glamor these days as it used to be. Most kids they take are very nerdy and hardo grinders who have more sociability than their STEM counterparts. There will be a few spots reserved for those athletes and many of them are cracked. Even if they do make it to IB, they will get outcompeted by the sweaty Chinese/Indian. I have seen it way too many times in friends from college/high school. The "cool" factor is mega cope

 

I think there is a false distinction of combining (Hardo + Nerd) vs. Frat Star.

It isn't necessarily all that binary.

I'm many cases, a Frat Star Finance Bro Chad, who is a bit of closet nerd (and thus ended up at a target school), who developed a hardo personality in his career, will tend to progress more; combining, rather than separating, the criteria presented.

I think it's easy to forget that merely getting accepted to a target school (e.g. H/Y/P/W) requires at least some level of intelligence, beyond the norm of society (which tends to be moronic, in many cases). Just getting into a target school would tend to suggest somewhat of a "nerdy" element, which includes the target school frat boy Chad.

Meaning, by default, there is often a baseline level of "nerdy" intelligence ("nerdy" by standards of general society) that exists within finance, considering the academic background that tends to be common -- even someone we might mock for whatever reason, still likely had ~4.0 from H/Y/P/W, is my point.

The question instead becomes whether it is a socially awkward style of nerdy, or the closet nerd who presents himself as frat star Chad type.

In either case, if they adopt the "hardo" approach, they tend to progress more.

If you look at the seniors (e.g. MDs) at each bank, they tend to be a mix -- of both Frat Star/Nerdy + Hardo -- as that tends to be what facilitated that career progress.

Investor (30+ years); IB/RE/PE/Corp. Exp (MD level); currently, head of boutique private equity firm; principal of family office.
 

Ea et quam harum eos aspernatur pariatur deleniti. Et a magni ipsam voluptas. Suscipit deleniti maiores sunt aperiam et.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”