$200,000 paychecks, exit opportunities and proximity to power: Why graduates flock to Wall Street

"If I have to basically sell my soul to this bank for a few years, I need to be paid for it," said a first-year banker at Citigroup. "There are a million students who are all deserving, but there just aren't enough spots; they would kill for this opportunity."

"It really came down to the fact that I felt strongly that I could pretty much go anywhere after I do two solid years of investment banking," she said. "People make this assumption that if you can survive investment banking at a top firm, you can handle anything."Another first year, this one at Goldman, reiterated that sentiment. Many of her peers are motivated by the cachet of the firm and the possibilities it opens up, she said.

Still, others were attracted to banking itself and its proximity to the powerful. Those who make it past the analyst and associate levels can begin doing more substantive work, and managing directors are often tasked with bringing in multi-billion dollar deals, basking in glory when a merger closes.

In recent years, banks have begun recruiting as early as freshman year, probably due to competition for top students from big tech and other firms. They have also begun leaning on testing andEmma Rasiel, Duke UniversityMany students prefer the security of knowing where they will land after finishing their expensive educations, according to, an economics professor at Duke University who mentors finance students.

Michael Burry Warns Retail Traders About the 'Mother of All Crashes'

Welcome to the big leagues

We are also finding out the wall on the street is getting higher and higher. Less people know what's on the other side of the wall and that's how Wall Street wants it. An activist was quoted say 'Even with satellites we still can't see over the wall on Wall Street!'

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No need to flock to wall street, we can do it from home And I like AMC

this is terrible news

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this is terrible news

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