smkrn wrote:
msday86 wrote:
agold wrote:
BusinessWeek is also reporting that many of the typical gilded resumes (top tier bulge bracket bank => multi-billion dollar PE firm) are not being interviewed this year. This is very unusual.
if this is indeed true, then good for Harvard.
Why do you say that? I don't disagree or agree, I'm just curious what your reasoning is.
Positives of having less PE people: Obviously, more diversity. They generally take up 10% of the class or thereabouts, I believe. Additionally, there is a lot of worry about how the industry will carry on, and they may want to push these folks to look at different career tracks.
Negatives of having less PE people: The HBS/Stanford PE network is extremely strong and powerful. It is one of the main reasons why top finance people are usually shooting for H/S or bust. They also tend to be some of the best students at HBS and overrepresented as Baker Scholars. You do not want to anger these folks.
I believe that they are just waiting to see how many finance people apply in R2, and the quality of this pool of people. There is no doubt that they are flooding HBS with applications this year, and they will have to devise some mechanism to admit the best of them.