We’re sure our finance friends have already seen this (y’all read Dealbook more than UTB? No way), but for the rest of you, we thought it only fair to share the plight of our suffering peers. It seems Wall Street Interns just cannot catch a break. Forced to satisfy their basic needs in hiding, many are faced with significantly less perks than their predecessors three or four years ago thanks to shrinking budgets and a failing economy.
Imagine, for a moment, a $15,000-a-summer internship without a “firm-sponsored trip in white Hummer limousines to the trendy NoHo nightclub Butter.” Or the face of the desolate summer analyst upon hearing that company-sponsored “gourmet cooking classes” would no longer be offered. Is it even possible to work in such conditions?
While a certain Career Services office is quoted in the article touting the remaining benefits of a summer on Wall Street, we know that behind those
beady strong eyes lie disappointed worker bees, longing for what could have been. Chin up, Wall Streeters: one day, you’ll get what’s rightfully yours.
If you ever wonder what inspires our occasionally ripping on the hype surrounding the “Wharton brand” — it is people like this who stir our nerves.
Perhaps you’ve heard about this fellow Frank Reynolds, who has sued Penn because he claims the university didn’t give him the Wharton degree he signed up for. If not, let’s catch you up to speed.
We wrote about this whole ordeal in October, but now there’s another update.
Reynolds enrolled in the Executive Master’s in Technology Management (EMTM) program, which is a professional degree program run through Engineering with a Wharton cosponsorship. Students get a Master’s Degree in Engineering but a certificate signed by both the Wharton and Engineering deans. Still, it is an Engineering program–and seems like a good one at that.
Through thick and through thin, through credit crisis and mortgage-backed security, some of you will still manage to find Wall Street jobs. (It won’t be us, so let us have our laughs now.)
In fact, let’s all laugh together, to the tunes of Penn alum DJ Lubel ’05. In his single, Murray Hill (click to listen to it), the one-time Theos brother parodies the life and times of the midtown Manhattan neighborhood frequently referred to as the real-life dorm of young Wall Street fellas and PR ladies. Fortunately (in our opinion), Penn doesn’t get mentioned…but all your boys at Michigan, Emory, Wisconsin, and Cornell do get a nod.
Perhaps Lubel should hook up with Jasmin Rosemberg ’02, who writes about the same post-collegiate crowd in her veritable ode to Murray Hill (basically). Not that we read it, or anything.