Mépris said:
So, why do physics undergraduates don't shoot for those jobs instead of complaining about a "lack of jobs" and moping about "being lost".
Well if you want an honest answer...
There is a philosophy that physics is the most important science in the universe, and that anything that deviates from that is a "step down into the gutter." When you are in a public discussion, people tend to not say exactly what they feel because it looks arrogant, but when you start making decisions, then these sorts of deep beliefs start coming out.
Humanities majors do stuff outside of class and I think science majors should do likewise. Instead of learning real analysis in the library all day, maybe cut down the studying by 2 hours and do something else. What's the big difference between a 4.0 GPA and a 3.6, as far as getting a job goes?
Not much, but unless graduate admissions requirements have changed since the time I applied, then it *will* hurt your ability to get into the graduate school of your choice. It certainly hurt mine. If a large amount of your identity is based on getting into the right graduate schools, then that can be extremely traumatic (and it was for me).
But does a Harvard degree make getting an interview alone easier or is the part of "getting the job" also taken care of, at least, partially?
It makes getting an interview a lot easier since companies will do on campus recruiting at Harvard. Also, you tap into a lot of information networks that aren't easily available elsewhere.
For example, if you submit your resume to a major bank, and you don't include citizenship or work visa information, then that resume is dead, and no one will ever tell you why. If you have information networks, you'll know to always include work visa/citizenship information on a resume and never include a picture.
Another thing I've noted is that headhunters, in general, do *not* have Ivy League degrees.
Yes, but that makes them even more likely to take Harvard people. If you have someone that actually went to Harvard or MIT, you know the good and bad bits of the place, and so you aren't going to be in total awe of the place. If you haven't been there, then all you have is a brand name, and sometimes that matters.
Also just a bit about the hiring process at most companies. If you have a friend that you think is a good hire, then you forward the resume to the HR person responsible. At that point, you are hands off. You let someone that is unconnected to you do the technical evaluation. However, just *getting* your resume into the HR system is a challenge.
if the guys who recruit for the "top firms" don't have fancy degrees themselves (I've seen a mix of state schools and liberal arts colleges who are just outside of the top 20), who's to say they'll even consider liking an Ivy League grad before meeting them?
One thing that you must remember is that companies are not after the best candidate. They don't care about getting the best people. They *are* most concerned about "avoiding the worst." If you got a resume from some with a big name university, then you can be very confident that they aren't totally incompetent. If you have someone that isn't, then you are taking a larger risk. Maybe it's not a huge risk, but why take one at all.
Also the big name universities, make things easy for companies. If you go to the Harvard Business School and say "I'm a big company, and I want to hire corporate bureaucrats." then you'll have an entire staff there working with you to set up interviews, go through candidate resumes, etc. etc. It's like going to a department store.
The other thing is that Wall Street in NYC has got this weird clash of cultures that's reflective of the city itself. Historically, it's this weird mix of upper class East Coast WASP types with people that just got off the boat and did "low class" money lender stuff in street corners and boiler rooms. So there are parts of Wall Street with *extreme* dislike for school ties. You had white shoe firms with prep school types, and then people from Brooklyn working in boiler rooms that are going to scream at you with a string of F-words if you bring up your school connections.
Finally, if you want to see what things look like inside a bank. Check out the movie "Margin Call." I didn't see the events in the movie happen, but I can imagine people behaving in the way that they did in the movie if something like that happened. That's in contrast to Wall Street: Money Never Sleeps which as far as I can tell is just junk.