if ever use the words role model and athlete in the same sentence in a positive way, but Justin Tuck is the rare exception.
Even before this news. His R.U.S.H for literacy program is incredible and in the limited interactions I've had with him he seems like one of the most down to earth and humble athletes I've met.
My youngest would not go to bed when she was little until I read Tuck's children's book "Home Field Advantage" to her every night until she as 5 or 6 years old.
if ever use the words role model and athlete in the same sentence in a positive way, but Justin Tuck is the rare exception.
Even before this news. His R.U.S.H for literacy program is incredible and in the limited interactions I've had with him he seems like one of the most down to earth and humble athletes I've met.
My youngest would not go to bed when she was little until I read Tuck's children's book "Home Field Advantage" to her every night until she as 5 or 6 years old.
the world needs more people like Justin Tuck.
Agreed, I had the great pleasure of meeting Justin Tuck after practice one day up in Albany in 2012 I believe it was the final year there. Sean Rogers big guy, Marty B freakish big.
Anyways, Tuck was by far the nicest down to earth and humble athletic I've ever met. He signed my hat, took a photo with me and wished me well. I also met JPP that day, he was also nice but not the far and away extra mile nice that Tuck was. Tuck also looked 10x more lean and sculpted (like a fox robot) then JPP, but JPP sure did look thick (in a good way) but Tuck was like 4% body fat, the rest all bone and muscle / tissue / tendon etc.. very very defined and honestly just a great guy. Was an absolute pleasure.
I really wish I got to meet Jacobs, his Instagram makes him seem soooo down to earth, humble and cool, makes Tuck look like a stuck up prick lol. Jacobs is just so cool though. Was a great pleasure meeting Tuck. Osi also seems very nice.
if ever use the words role model and athlete in the same sentence in a positive way, but Justin Tuck is the rare exception.
Even before this news. His R.U.S.H for literacy program is incredible and in the limited interactions I've had with him he seems like one of the most down to earth and humble athletes I've met.
My youngest would not go to bed when she was little until I read Tuck's children's book "Home Field Advantage" to her every night until she as 5 or 6 years old.
the world needs more people like Justin Tuck.
Agreed, I had the great pleasure of meeting Justin Tuck after practice one day up in Albany in 2012 I believe it was the final year there. Sean Rogers big guy, Marty B freakish big.
Anyways, Tuck was by far the nicest down to earth and humble athletic I've ever met. He signed my hat, took a photo with me and wished me well. I also met JPP that day, he was also nice but not the far and away extra mile nice that Tuck was. Tuck also looked 10x more lean and sculpted (like a fox robot) then JPP, but JPP sure did look thick (in a good way) but Tuck was like 4% body fat, the rest all bone and muscle / tissue / tendon etc.. very very defined and honestly just a great guy. Was an absolute pleasure.
I really wish I got to meet Jacobs, his Instagram makes him seem soooo down to earth, humble and cool, makes Tuck look like a stuck up prick lol. Jacobs is just so cool though. Was a great pleasure meeting Tuck. Osi also seems very nice.
And Penn degree certainly working out well for him. Great accomplishment
Not just a Penn degree, probably the highest rated Penn degree. Wharton is arguably the best business school in the country (and probably world). It's almost always ranked top 3, and the lowest I've seen it was 4.
Anyway, love the Tuck! One of my favorite players and him being a Rangers fan kind of sealed the deal for me. Great player, great leader, great Giant. Wish him nothing but the best.
If it was a younger and smaller company I would have thought this was a publicity hire but, GS does not need the publicity.
Some of the comments Tuck made reminded me of a speech that Roger Staubach made regarding his Real Estate career after Football.
Staubach went on to say that he really knew nothing about Real Estate when he started but, prepared for it (like he prepared for Football) by learning everything there was to know about Real Estate development to get the competitive edge over his competition (paraphrasing).
When he retired from the business - he sold his company for over 800 million dollars.
But for those unfamiliar with the finance world, a VP in a finance company is very different then a VP in many other companies. There are a ton of VPs in finance companies. It is basically the mid-level managerial level. Which is unlike more traditional companies where VP is the top of the company (just below president). I don't mean to belittle Justin's accomplishment (b/c it is still an accomplishment), but just wanted to share this info. I was just surprised by this when I first learned it only a few years ago.
But for those unfamiliar with the finance world, a VP in a finance company is very different then a VP in many other companies. There are a ton of VPs in finance companies. It is basically the mid-level managerial level. Which is unlike more traditional companies where VP is the top of the company (just below president). I don't mean to belittle Justin's accomplishment (b/c it is still an accomplishment), but just wanted to share this info. I was just surprised by this when I first learned it only a few years ago.
presumably he will be in a revenue generating job managing peoples money. The size of his role and compensation will be almost 100% dependent on how many clients / assets he can bring in the door.
I had the opportunity to meet him a few times at fundraisers Â
He's always had "it". Awareness and preparedness for any challenge life throws at you. For example, he wife has been a life-long Eagles fan, and he's been cool with it.
He's very deserving of the position, and Goldman's is lucky to have him.
is one of my all time favourite Giants for both his destruction on the field and his off the field initiatives as others have listed. I'm sure he will be successful in his new role as he's smart, hard working and charismatic.
we don't win the super bowls in 2007 and 2011 without him.
I work at a Bank in NYC and VP roles are more a pay range than "Management" I seriously doubt Goldman will let him manage a team after doing an internship, and personally, I would hate to be in a position of being managed by him if I were in the bank.
I work at a Bank in NYC and VP roles are more a pay range than "Management" I seriously doubt Goldman will let him manage a team after doing an internship, and personally, I would hate to be in a position of being managed by him if I were in the bank.
Do tell, why would you personally hate to be managed by him?....
I work at a Bank in NYC and VP roles are more a pay range than "Management" I seriously doubt Goldman will let him manage a team after doing an internship, and personally, I would hate to be in a position of being managed by him if I were in the bank.
Do tell, why would you personally hate to be managed by him?....
Being managed by a rookie in any field is generally frowned upon.
I also wonder how many other GS interns -- even those with MBAs, go straight to VP.
VP is not that high of a level. People get VP with 3 years of working. There are thousands of VPs in their mid 20s.
Anyway, his role is most likely a glorified stock broker. His compensation is going to be based mainly on how much assets / how many clients he can bring in the door.
but Wealth Management is a group, he's not necessarily stepping into a management level role.
Likely he will be part of a group with an experienced Managing Director in charge. Right where he should be coming straight out of an MBA program.
That's my understanding as well. It's also true that smaller firms nowadays will be very quick to hand out VP titles, but with an older, larger GS I'm not so sure of that.
Anyway, his role is most likely a glorified stock broker. His compensation is going to be based mainly on how much assets / how many clients he can bring in the door.
I disagree. Yes, bringing in clients will be important. But there will be a lot more going on in private banking than that. Retirement planning, option strategy if it is part of a clients compensation strategy, estate planning will all be part of the mix.
Anyway, his role is most likely a glorified stock broker. His compensation is going to be based mainly on how much assets / how many clients he can bring in the door.
I disagree. Yes, bringing in clients will be important. But there will be a lot more going on in private banking than that. Retirement planning, option strategy if it is part of a clients compensation strategy, estate planning will all be part of the mix.
yes, thus the "glorified" modifier.
But he will need clients to perform all those services for. GS will not provide the clients.
You seem a little butt hurt about Tuck landing this role.
Do you not think that he has enough friends in entertainment and former players who he can solicit as potential clients?
not upset at all. I think the role is a great fit for him with his personality, integrity and a network of newly minted millionaires. Hopefully he can help prevent a some of them from being broke after retirement as we see pretty often.
Just providing clarity to what we are talking about here. Apologies if I don't fill my post with a bunch of platitudes that he will never see.
RE: RE: RE: RE: Seems like a VERY FAST path to VP Â
Anyway, his role is most likely a glorified stock broker. His compensation is going to be based mainly on how much assets / how many clients he can bring in the door.
I disagree. Yes, bringing in clients will be important. But there will be a lot more going on in private banking than that. Retirement planning, option strategy if it is part of a clients compensation strategy, estate planning will all be part of the mix.
yes, thus the "glorified" modifier.
But he will need clients to perform all those services for. GS will not provide the clients.
Actually he will initially assist the Managing Director(s) with existing clients. At the same time he will be expected to begin adding to that group. Nobody is expected to build a book of business in 18 months.
most training programs at these firms absolutely require you to build your book in 18 months. Usually the temporary salary is over by then and you are 100% commission based so you better have a book that generates revenue.
most training programs at these firms absolutely require you to build your book in 18 months. Usually the temporary salary is over by then and you are 100% commission based so you better have a book that generates revenue.
Are you sure that holds true for Private Banking at Goldman, Bessemer etc.? This isn't a typical entry level situation.
most training programs at these firms absolutely require you to build your book in 18 months. Usually the temporary salary is over by then and you are 100% commission based so you better have a book that generates revenue.
Are you sure that holds true for Private Banking at Goldman, Bessemer etc.? This isn't a typical entry level situation.
Let me add that fees in those divisions are rarely commission based.
most training programs at these firms absolutely require you to build your book in 18 months. Usually the temporary salary is over by then and you are 100% commission based so you better have a book that generates revenue.
Are you sure that holds true for Private Banking at Goldman, Bessemer etc.? This isn't a typical entry level situation.
No, plus I am sure Tuck doesn't have the same compensation structure as joe blow off the street.
I mentioned it earlier, but I suspect that his role will be similar to that of Wayne Chrebet who got licensed at Morgan Stanley and then his team got bought out to go elsewhere for big money. He's basically the face and name that gets guys to the table so that the senior guys can close the business.
A lot of you guys don't know how roles and responsibilities work at a bank, but, at the same time a lot of you are making a lot of assumptions.
He most likely got the role of VP to justify the pay structure as there is a scale for each position.
To reach the level of VP it generally takes 8-10 years of working in a specific field, sometimes sooner depending on your skill set.
As for management, that is dependent on your role/responsibility/expertise and your experience in a specific product or department.
As for hierarchy, VP's rarely report to MD's, below MD's there are other management positions, such as Directors, Sr. Directors.
Also, there is a difference between managing a department to managing a team to managing resources, often an individual may hold a high position and not manage anything.
On that note, Good for Tuck, its a great company to work for. However, he most likely got a VP position due to his name more so then his MBA, because generally regardless of an MBA, the brightest student who has zero experience in that field outside of an internship does not start at that pay scale.
Also MBA means jack squat for wealth management =) if he were to have a CFA completed that would be more relevant.
My super insecure friend who's in finance also made it a point to dismiss Tuck's incredible accomplishment and say he's the mere beneficiary of fame. I don't know why it's hard to believe he's earned it and just rose through the ranks faster. Famous or not, if he has hand in someone's finances, I doubt they're letting him take the reigns without the qualifications. Let's just be happy for the guy.
with the group and decided to take a full time job for this year. In the group he's in, one can rise to VP much sooner than 8-10 years and it's shorter if coming in with an MBA.
Also, there's a current Giant that just started a short internship with the same group within the last week to start exploring opportunities for life after football.
Wharton or not, that seems like it has to be almost an honorary title. Everybody who works in that sector must be called a VP. It’s a little like being a senior contributor at ESPN. Not disparaging JT at all, just making an observation about the title.
Wharton or not, that seems like it has to be almost an honorary title. Everybody who works in that sector must be called a VP. It’s a little like being a senior contributor at ESPN. Not disparaging JT at all, just making an observation about the title.
VP is not an high level title in banking. It's basically what you get after your first real promotion.
That said the roles and responsibilities of VPs can range quite widely, more than any other title.
you come in as an analyst or associate, and then go through a program to become an advisor, and then can get promoted to VP, a position that some people have for many, many years, while fewer will eventually reach MD. Typically, MBA students will come into the group in the Advisor role (and training program). Tuck going straight to VP is unusual, but his career path is unusual as well.
I think most of us are living our lives at 20 to 50 percent capacity. Tuck is obviously light at 100. Good job JT. Hoefully he’ll class that place up a bit.
But for those unfamiliar with the finance world, a VP in a finance company is very different then a VP in many other companies. There are a ton of VPs in finance companies. It is basically the mid-level managerial level. Which is unlike more traditional companies where VP is the top of the company (just below president). I don't mean to belittle Justin's accomplishment (b/c it is still an accomplishment), but just wanted to share this info. I was just surprised by this when I first learned it only a few years ago.
Nowadays companies hand out the title VP like candy.
Generally entrants with minimal experience and coming in out of grad school would be Associates.
BA/BS level employees more often come in as Analysts.
Goldman will only recruit / accept from certain schools (for the most part)
Promotion from Associate would be VP. VP is a vast pool of responsibility and comp (into the millions for VPs in IB or Trading).
VPs can report to other VPs, but 'higher level' VPs would report to an MD.
Promotion from VP would be MD. Very rare and only can be done I think now every other year.
You certainly can spend an entire career there and peak at VP.
There are no more official "partners" at GS, but rather MDs can participate in the partner bonus pool. So sort of the same thing as when GS was private.
Tuck obviously brings in experience and passed a rigorous process, and his past success will certainly translate well. Grad school was probably a great proving ground and transitional step for him into a brand new world.
at least I wouldn't define it that way. They are making a bet that his connections, established personality/standing and his educational background will make him a solid member of the team, help bring in clients, and perhaps give them an inside track to a slew of potential clients and portfolios. It's part of the reason there is a current Giant who wouldn't be described as "diverse" doing the same internship on the team Tuck did last year, presumably leading to a similar opportunity when his playing career is over. It's also why the team had a position for someone a few years ago that had connections to certain top-level athletes (though that didn't work out).
with his success in pro football and a Wharton MBA, Tuck has a ton more going for him than a "regular" Wharton MBA, let alone average Joe. Success breeds success etc.
but it won't save you from sleeping on the coach in your office and the results. At some point the numbers better be there.
My guess is that a white player with a similar background and credentials would also be hired by Goldman (Steve DeOssie if he got an MBA?). I don't think this is a diversity game.
It’s a guy who’s proven he is hard-working, has a good education, and brings a rolodex.
The fact that it’s also a diversity hire 100% makes it even more appealing for the bank. It’s a factual reality of a big bank today (I’d say any big corporation, but my experience is limited to banking), and I say that without bias or judgment.
that he has been a millionaire, presumably interested in the dealings of his portfolio since he was drafted in 2005. While he may not have worked in finance outside of his undergrad and MBA degrees, how many MBA candidates also have that experience?
Even more proud of him being a great Giant
Even before this news. His R.U.S.H for literacy program is incredible and in the limited interactions I've had with him he seems like one of the most down to earth and humble athletes I've met.
My youngest would not go to bed when she was little until I read Tuck's children's book "Home Field Advantage" to her every night until she as 5 or 6 years old.
the world needs more people like Justin Tuck.
Even before this news. His R.U.S.H for literacy program is incredible and in the limited interactions I've had with him he seems like one of the most down to earth and humble athletes I've met.
My youngest would not go to bed when she was little until I read Tuck's children's book "Home Field Advantage" to her every night until she as 5 or 6 years old.
the world needs more people like Justin Tuck.
Agreed, I had the great pleasure of meeting Justin Tuck after practice one day up in Albany in 2012 I believe it was the final year there. Sean Rogers big guy, Marty B freakish big.
Anyways, Tuck was by far the nicest down to earth and humble athletic I've ever met. He signed my hat, took a photo with me and wished me well. I also met JPP that day, he was also nice but not the far and away extra mile nice that Tuck was. Tuck also looked 10x more lean and sculpted (like a fox robot) then JPP, but JPP sure did look thick (in a good way) but Tuck was like 4% body fat, the rest all bone and muscle / tissue / tendon etc.. very very defined and honestly just a great guy. Was an absolute pleasure.
I really wish I got to meet Jacobs, his Instagram makes him seem soooo down to earth, humble and cool, makes Tuck look like a stuck up prick lol. Jacobs is just so cool though. Was a great pleasure meeting Tuck. Osi also seems very nice.
Some great Giants we've had over the years.
Quote:
if ever use the words role model and athlete in the same sentence in a positive way, but Justin Tuck is the rare exception.
Even before this news. His R.U.S.H for literacy program is incredible and in the limited interactions I've had with him he seems like one of the most down to earth and humble athletes I've met.
My youngest would not go to bed when she was little until I read Tuck's children's book "Home Field Advantage" to her every night until she as 5 or 6 years old.
the world needs more people like Justin Tuck.
Agreed, I had the great pleasure of meeting Justin Tuck after practice one day up in Albany in 2012 I believe it was the final year there. Sean Rogers big guy, Marty B freakish big.
Anyways, Tuck was by far the nicest down to earth and humble athletic I've ever met. He signed my hat, took a photo with me and wished me well. I also met JPP that day, he was also nice but not the far and away extra mile nice that Tuck was. Tuck also looked 10x more lean and sculpted (like a fox robot) then JPP, but JPP sure did look thick (in a good way) but Tuck was like 4% body fat, the rest all bone and muscle / tissue / tendon etc.. very very defined and honestly just a great guy. Was an absolute pleasure.
I really wish I got to meet Jacobs, his Instagram makes him seem soooo down to earth, humble and cool, makes Tuck look like a stuck up prick lol. Jacobs is just so cool though. Was a great pleasure meeting Tuck. Osi also seems very nice.
Some great Giants we've had over the years.
Would you consider him an alpha male?
Corey Webster
Justin Tuck
Brandon Jacobs
Ernie hit it out of the park that year.
Not just a Penn degree, probably the highest rated Penn degree. Wharton is arguably the best business school in the country (and probably world). It's almost always ranked top 3, and the lowest I've seen it was 4.
Anyway, love the Tuck! One of my favorite players and him being a Rangers fan kind of sealed the deal for me. Great player, great leader, great Giant. Wish him nothing but the best.
If it was a younger and smaller company I would have thought this was a publicity hire but, GS does not need the publicity.
Some of the comments Tuck made reminded me of a speech that Roger Staubach made regarding his Real Estate career after Football.
Staubach went on to say that he really knew nothing about Real Estate when he started but, prepared for it (like he prepared for Football) by learning everything there was to know about Real Estate development to get the competitive edge over his competition (paraphrasing).
When he retired from the business - he sold his company for over 800 million dollars.
Good luck Justin !!
-kmed
presumably he will be in a revenue generating job managing peoples money. The size of his role and compensation will be almost 100% dependent on how many clients / assets he can bring in the door.
He's very deserving of the position, and Goldman's is lucky to have him.
we don't win the super bowls in 2007 and 2011 without him.
Do tell, why would you personally hate to be managed by him?....
Quote:
I work at a Bank in NYC and VP roles are more a pay range than "Management" I seriously doubt Goldman will let him manage a team after doing an internship, and personally, I would hate to be in a position of being managed by him if I were in the bank.
Do tell, why would you personally hate to be managed by him?....
Being managed by a rookie in any field is generally frowned upon.
Likely he will be part of a group with an experienced Managing Director in charge. Right where he should be coming straight out of an MBA program.
I wish him well.
I also wonder how many other GS interns -- even those with MBAs, go straight to VP.
I wish him well.
I also wonder how many other GS interns -- even those with MBAs, go straight to VP.
VP is not that high of a level. People get VP with 3 years of working. There are thousands of VPs in their mid 20s.
Anyway, his role is most likely a glorified stock broker. His compensation is going to be based mainly on how much assets / how many clients he can bring in the door.
Quote:
but Wealth Management is a group, he's not necessarily stepping into a management level role.
Likely he will be part of a group with an experienced Managing Director in charge. Right where he should be coming straight out of an MBA program.
That's my understanding as well. It's also true that smaller firms nowadays will be very quick to hand out VP titles, but with an older, larger GS I'm not so sure of that.
Anyway, his role is most likely a glorified stock broker. His compensation is going to be based mainly on how much assets / how many clients he can bring in the door.
I disagree. Yes, bringing in clients will be important. But there will be a lot more going on in private banking than that. Retirement planning, option strategy if it is part of a clients compensation strategy, estate planning will all be part of the mix.
Quote:
Anyway, his role is most likely a glorified stock broker. His compensation is going to be based mainly on how much assets / how many clients he can bring in the door.
I disagree. Yes, bringing in clients will be important. But there will be a lot more going on in private banking than that. Retirement planning, option strategy if it is part of a clients compensation strategy, estate planning will all be part of the mix.
yes, thus the "glorified" modifier.
But he will need clients to perform all those services for. GS will not provide the clients.
Do you not think that he has enough friends in entertainment and former players who he can solicit as potential clients?
Do you not think that he has enough friends in entertainment and former players who he can solicit as potential clients?
not upset at all. I think the role is a great fit for him with his personality, integrity and a network of newly minted millionaires. Hopefully he can help prevent a some of them from being broke after retirement as we see pretty often.
Just providing clarity to what we are talking about here. Apologies if I don't fill my post with a bunch of platitudes that he will never see.
Quote:
In comment 13999928 ron mexico said:
Quote:
Anyway, his role is most likely a glorified stock broker. His compensation is going to be based mainly on how much assets / how many clients he can bring in the door.
I disagree. Yes, bringing in clients will be important. But there will be a lot more going on in private banking than that. Retirement planning, option strategy if it is part of a clients compensation strategy, estate planning will all be part of the mix.
yes, thus the "glorified" modifier.
But he will need clients to perform all those services for. GS will not provide the clients.
Actually he will initially assist the Managing Director(s) with existing clients. At the same time he will be expected to begin adding to that group. Nobody is expected to build a book of business in 18 months.
Are you sure that holds true for Private Banking at Goldman, Bessemer etc.? This isn't a typical entry level situation.
Quote:
most training programs at these firms absolutely require you to build your book in 18 months. Usually the temporary salary is over by then and you are 100% commission based so you better have a book that generates revenue.
Are you sure that holds true for Private Banking at Goldman, Bessemer etc.? This isn't a typical entry level situation.
Let me add that fees in those divisions are rarely commission based.
Quote:
most training programs at these firms absolutely require you to build your book in 18 months. Usually the temporary salary is over by then and you are 100% commission based so you better have a book that generates revenue.
Are you sure that holds true for Private Banking at Goldman, Bessemer etc.? This isn't a typical entry level situation.
No, plus I am sure Tuck doesn't have the same compensation structure as joe blow off the street.
I mentioned it earlier, but I suspect that his role will be similar to that of Wayne Chrebet who got licensed at Morgan Stanley and then his team got bought out to go elsewhere for big money. He's basically the face and name that gets guys to the table so that the senior guys can close the business.
He most likely got the role of VP to justify the pay structure as there is a scale for each position.
To reach the level of VP it generally takes 8-10 years of working in a specific field, sometimes sooner depending on your skill set.
As for management, that is dependent on your role/responsibility/expertise and your experience in a specific product or department.
As for hierarchy, VP's rarely report to MD's, below MD's there are other management positions, such as Directors, Sr. Directors.
Also, there is a difference between managing a department to managing a team to managing resources, often an individual may hold a high position and not manage anything.
On that note, Good for Tuck, its a great company to work for. However, he most likely got a VP position due to his name more so then his MBA, because generally regardless of an MBA, the brightest student who has zero experience in that field outside of an internship does not start at that pay scale.
Also MBA means jack squat for wealth management =) if he were to have a CFA completed that would be more relevant.
cheers.
Also, there's a current Giant that just started a short internship with the same group within the last week to start exploring opportunities for life after football.
VP is not an high level title in banking. It's basically what you get after your first real promotion.
That said the roles and responsibilities of VPs can range quite widely, more than any other title.
Nowadays companies hand out the title VP like candy.
But still, congrats mopey Tuck :D
BA/BS level employees more often come in as Analysts.
Goldman will only recruit / accept from certain schools (for the most part)
Promotion from Associate would be VP. VP is a vast pool of responsibility and comp (into the millions for VPs in IB or Trading).
VPs can report to other VPs, but 'higher level' VPs would report to an MD.
Promotion from VP would be MD. Very rare and only can be done I think now every other year.
You certainly can spend an entire career there and peak at VP.
There are no more official "partners" at GS, but rather MDs can participate in the partner bonus pool. So sort of the same thing as when GS was private.
Tuck obviously brings in experience and passed a rigorous process, and his past success will certainly translate well. Grad school was probably a great proving ground and transitional step for him into a brand new world.
Yeah they hired the already hugely successful Norte dame and Wharton grad with a huge network of millionaires for "diversity"
Quote:
but it won't save you from sleeping on the coach in your office and the results. At some point the numbers better be there.
Yeah they hired the already hugely successful Norte dame and Wharton grad with a huge network of millionaires for "diversity"
Yeah, and I worked there. You know nothing. MBAs are a fucking dime a dozen now.
My guess is that a white player with a similar background and credentials would also be hired by Goldman (Steve DeOssie if he got an MBA?). I don't think this is a diversity game.
Oops. You're right!
Quote:
In comment 14001052 mdc1 said:
Quote:
but it won't save you from sleeping on the coach in your office and the results. At some point the numbers better be there.
Yeah they hired the already hugely successful Norte dame and Wharton grad with a huge network of millionaires for "diversity"
Yeah, and I worked there. You know nothing. MBAs are a fucking dime a dozen now.
As a MBA grad who spent most of his career at investment banks, I know a thing or two.
MBAs are a dime a dozen but a Wharton MBA is not.
But private bankers are also a dime a dozen. I doubt many of his fellow Wharton grads are super jealous of his role.
But like I said before, they probably also don't have his network and couldn't capitalize on it like he will likely be able to.
In no way is this a diversity or for show hire.
The fact that it’s also a diversity hire 100% makes it even more appealing for the bank. It’s a factual reality of a big bank today (I’d say any big corporation, but my experience is limited to banking), and I say that without bias or judgment.
Good for Tuck. He’s an admirable guy, to me.