Word: bankingã
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Mount took over as interim director in September 2008 amidst a financial crisis that shook Harvard’s e-recruiting program. The declining number of job opportunities in banking??coupled with growing concern about a perceived lack of support for careers outside of finance—led Mount to try to “[turn] up the volume on diverse career opportunities,” she says...
Specializing in finance, Stein worked most intensely on the financial stability plan, which he describes as “the effort to deal with the current problems of the banking and what some call the ‘shadow banking?? system...
After enduring months of community criticism over its “land-banking?? practices in Allston, Harvard announced Wednesday that it would be placing a one-year moratorium on new real estate purchases in the neighborhood—but not before it had already signed an agreement to lease and purchase another piece of property near its Science Complex construction site. According to University spokeswoman Lauren M. Marshall, Harvard will be master leasing the property at 65-79 Seattle St. in Brighton for 10 years, after which Harvard will purchase the parcel unless the owner elects to sell...
...fewer Harvard seniors have secured job offers from their summer internships. But in one sense, it is not so much that we have fallen into crisis as much as we are witnessing the end of a holiday. We’ve been living in a collective delusion. Since i-banking??s rise in the last several decades, many Harvard students and their peers at other competitive institutions have become accustomed to a post-college world paved in gold: You graduate, you secure your job at some bank or another, you work long hours and collect a six-figure...
...there is still something tragic about the mass migration into banking??the tragedy of unfulfilled dreams. It may seem surprising that, on a campus seemingly dominated by the specter of e-recruiting, only four percent of students cite investment banking as their dream job. This confirms what many have guessed: For whatever reason, be it money, prestige, or just convenience, students are drawn into finance despite having aspirations that lie elsewhere...