​Harvard’s Wall Street Problem | Opinion | The Harvard Crimson

By William F. Morris IV, CONTRIBUTING WRITER

It must be tough being a Wall Street executive these days—private jets and holiday bonuses notwithstanding. The public can’t stand you, leading presidential figures on both the left and the right have sworn to take you down, and millions of Americans crowded in to see “The Big Short,” a movie that showed Main Street how Wall Street defrauded the world through reckless negligence and greed. It seems to me that the only thing that small town America hates more than the names Goldman Sachs and J.P. Morgan are ISIS and Vladimir Putin.

Wall Street has an enormous impact on this campus as well. But our campus culture views it in a different light than the majority of Americans. Just last year, over a third of Harvard’s graduating seniors went on to jobs in finance or consulting. Students grind themselves into the dirt to make sure their resumes are in tip-top condition for select firms, some of which have hiring rates of as low as three percent. And it is a well-known fact that one of the perks of going here is that top companies send recruiters exclusively to Harvard and other peer institutions, skipping out on schools with less name recognition. Our house and club lists are constantly flooded with emails from recruiters, inviting us to recruitment fairs and letting us know about job opportunities…..

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