Photo: Armstrong White via flickr
An op-ed penned by a Dartmouth undergraduate in a student-run newspaper attacking the Wall Street recruiting process is generating a lot of buzz today [via DealBreaker].Here’s why.
The author, Andrew Lohse, claims the campus recruiting process, which many of the major financial firms participate in, “has siphoned off some of our great minds into a dead-end field that sanitizes the intellect.”
Apparently, the process also makes him feel sick, especially when firms pay students for their opinions as part of a focus group, which is common practice.
“At a party last week, a friend told me that Bridgewater Associates paid her $100 to write a statement explaining why she didn’t participate in sophomore Summer corporate recruiting. The sheer arrogance and senselessness of this anecdote made me sick to my stomach, partly because, as planned, the exercise made her second guess her choice. But I had to admit there was a certain conceited logic to it — if this company can pay her $100 just to explain why she did not want to work for them, it’s easy to imagine how much cash she could rake in if she decided to pursue the job.”
“It’s glaringly obvious that there is an inherent connection between the tragedy of wasted minds at Dartmouth and the proliferation of corporate, consulting and “financial services” recruiting on our campus. And it’s a process that the college has a hand in, allowing or disallowing various corporate and financial entities access to its undergraduates. In supporting the recruiting culture, the College has undermined its credibility as one of the bastions of elite higher education and free thought. Compare the composition of our Board of Trustees with that of our peer institutions and the picture of the private equity, investment banking and the corporate stranglehold over the College’s affairs becomes more obvious.”
So who is Lohse? Just a jealous undergrad who no one on Wall Street wants to hire?
Nope! Looks like he’s a future financial press lackey.
According to his LinkedIn profile, he is studying English and creative writing and is expected to graduate in 2012. His activities apparently include:
- Sigma Alpha Epsilon; Drug and Alcohol Abuse Peer Advisor
- Deputy editor, The Dartmouth Independent
- Columnist, Dartmouth Free Press
- Contributor, The Dartmouth Review.