Word: upped
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Dates: during 1990-1999
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When the interviewers gather with the candidates for a 4 p.m. briefing session, you can tell at a glance who's who. The half-dozen Yalies sit stiffly in black suits and red ties. "No one told you guys it was business casual?" one interviewer says. Shemmer tries gamely to...
Shemmer already has a list of potential targets this morning, compiled from every possible source--ads, word-of-mouth from friends, industry newsletters, random searches on the Web, even advice from competitors. Creativity pays off. One analyst hunts down computer science majors at MIT to find out where graduates are...
The search is efficient, even brutal. If Shemmer can't deduce what a company's Web address might be, it's history. "That's it," he says. "I might ask someone, but..." One target's Web site is unattractive and poorly designed, lacking basic information about management and investors. Shemmer...
A friend from Penn calls. A senior, he's considering taking a job with one of the big downtown banks. Shemmer is indignant. "Ninety percent of the analysts hate it," he tells his friend, a fraternity buddy. "There's no guarantee you're going to make more money." His friend...
...business school. Industry is the most popular choice, especially with 25-year-old Internet millionaires cropping up everywhere--some analysts even leave early for Silicon Valley. And more and more graduates are skipping finance altogether to found their own Internet companies; some college students try to found start-ups while taking semesters...