Recruiting: The Seeds of A Dream Summary and Analysis

From lower Manhattan to midtown New York, the Wall Street investment banking machine "hums"(p. 8). Its goal is to pull business school graduates into its world and to thus secure "serfs and indentured servants" in the form of analysts and associates who can go after business. There are several top investment banking firms, and those who come out of the premier graduate schools with master's degrees, form the pool into which these "top dogs" dip. Fledglings come in as either analysts or associates, and they toil for vice-presidents and managing directors, in the following ways:

1. Analysts: Analysts are the lowest rung of the investment banking ladder and are secured as new graduates with bachelor's degrees, from business schools all over the country. For two to three years, they labor under harsh...