Came upon an article about students buying their way into popular business classes to get a leg up in the hunt for high paying finance internships. Essentially, waitlisted students would pay money to entice enrolled students into dropping the class. With schools giving priority class registration to juniors and seniors, while Wall Street internships have moved up the timeline to recruit sophomores, such practice of paying to snatch a seat in a popular class is apparently becoming common. Does internship recruitment place that much emphasis on students' classes taken? What are your thoughts on students buying a spot in class?
This is simply economics at work
Personally speaking recruitment does not place an emphasis on any specific class but rather the knowledge you know. For places where finance and accounting classes are available for freshmen/sophomores, then it does create a lot of competition for those classes. For places where they don't or are very hard to get, students are forced to simply self-study via M&I/Youtube to get the prerequisite knowledge for their interviews. As a Berkeley grad I remember an interviewer once remarking that Berkeley must have good finance courses because we are all so well-versed. The reality was we had undergrad finance classes that were basically impossible to get into so we just all had to self-study to hell and back.
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