Occupy Wall Street's Making It Harder for Banks to Recruit

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Today in academia: an Ivy league recruiting conundrum, professors are worried like the rest of us, another counterpoint to those liberal student papers, and a few necessary things to do to graduate.

  • Occupy Wall Street has given Ivy Leaguers a conundrum. See, normally these prestigious undergrads flock to the consulting and banking industries, because those are the ones recruiting them on campus. But, now that Occupy Wall Street momentum, in some form, has taken hold on most campuses, how's a conflicted, debt-ridden college student to feel about choosing to work for The Man while still at school? DealBook lays out the dilemma: "At Harvard, Dartmouth and Cornell, student newspapers have featured polemic columns that urged fellow students to consider working somewhere — anywhere — outside finance." So how have students responded to their hippier classmates? For "those students still hoping to land a job in finance, the added peer pressure has forced some of their enthusiasm underground." Until graduation, that is. [The New York Times DealBook]
  • America's college news becoming just like other news. Speaking of that vast liberal conspiracy controlling all student newspapers, another website, The College Conservative, is offering itself as a new gathering place for those on campus who may not mind as much about being recruited by the banking industry. In an interview with the conservative-leaning Daily Caller, the site's creators likened it to a place that's a "political home base" for on campus GOPers/libertarians and another counterpoint to HuffPost. The goal, they tell The Caller, is to have a unified network of conservative writers, “unified with a cause, not just unified in some ridiculous protesting technique like Occupy Wall Street," they helpfully clarify. [The Daily Caller]
  • Meanwhile, outside of the Pro and Anti-Occupy Wall Street bubble...  Even though there's apparently less students and recent grads volunteering now, those who are are choosing the Peace Corps-ish route are doing so for longer periods of time, according to a semi-anecdotal trend piece in USA Today. All the inevitable reasons for why students are volunteering longer (i.e. there's a jobs problem, if you haven't heard) are given, although a Teach For America executive vice president of recruitment is staunchly optimistic: "I don't think people are just jumping on the bandwagon to do service because the economy is shaky ... They reflect on if this is the right thing for them before they commit." [USA Today]
  • Academics are just clueless about saving money as anyone else. Don't be fooled by the stereotypically idyllic life of the academic that you've dreamed up. They're just some more people worried that they didn't save enough for their retirement. And, recent grads or soon-to-recent grads worried about jobs, money and things, take heart: most academics don't know all that much about investing either. "The survey found that most employees in academe — regardless of age — feel like novices when it comes to investing their money. More than half of those surveyed reported they feel 'overwhelmed' by the investing process and wish they had more guidance from their employers." [Inside Higher Ed]
  • Doing the things that you're mostly supposed to do to get into college will help you graduate. Let's put the findings of a report from Higher Education Research Institute at UCLA , as relayed by The Los Angeles Times, into perspective by looking at the flip side of the findings. Prospective "students [who don't] visit a college before enrolling, [don't] participate in clubs and other activities and [don't use] the Internet for research and homework [are less likely] to complete a degree earlier than others." The students who do complete those things, as the study finds, graduate faster. [The Los Angeles Times]

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