Elis to Occupy Morgan Stanley info session
Photo by Cynthia Hua.
Not everyone at Morgan Stanley's information session on Tuesday will be in suits — some Occupy-minded Yalies will be protesting outside the investment banking firm's session.
Undergraduate Career Services facilitates dozens of career-related events a year, many of them focusing on opportunities in the financial services industry. One such event, a routine recruiting session for Morgan Stanley, is currently scheduled for Tuesday. Attendees at the informational meeting can expect the usual pomp and circumstance of collegiate recruiting: sturdy handshakes, well-fitted suit, and hopefully a shot at secure Wall Street bliss.
But they might not be expecting a group of protestors just a few blocks from the door: the “Occupy Morgan Stanley Info Session” will be waiting.
Marina Keegan '12, the president of the Yale College Democrats, sent an email to the Dems' panlist saying the event — organized by an Occupy Yale working group — will consist of 4:30 p.m. sign-making in the Dwight Hall Library, followed by a 5:30 protest outside of 1157 Chapel St., where the Morgan Stanley event will be held. When Morgan Stanley representatives begin their official information session an hour later, the Occupy protestors will move to the steps of the School of Art, where an “Alternative Info Session” will occur.
One goal of the event, Keegan explained, is to address the reasons why Yale students gravitate towards jobs in finance and consulting, and “make students think more critically about what they’re going to be doing next year in a broader context.”
“The other side of things needs to be presented,” Keegan said of the protest.
Both the Morgan Stanley info session and its Occupation are scheduled to occur Nov. 15.
Comments
ashe12 6 months, 2 weeks ago
It's funny how most people only think about investment banking in one context: trading. There's a whole other side to an investment bank, namely the advisory side (including M&A, product groups, industry coverage groups, etc) that often gets overlooked. Only the former of these sides can be thought of as having contributed to the financial crisis. What risk does the advisory side take on? What problems does it cause? These students need to understand what they're protesting.
dolphinfetus 6 months, 2 weeks ago
And the "banking or consulting" people that Marina Keegan has railed against in the past are almost exclusively focused on getting in on the advisory side! Not many Yalies go to these info sessions wanting to be traders. When you hear the word "banking" at Yale, it almost always means the advisory side. These people just don't know what they're talking about...
0y8 6 months, 2 weeks ago
The two above posters could not be more right about corporate finance advisory vs. trading.
That being said, what really boggles my mind on this whole thing is the larger target of the protests (beyond IBD vs. syndicating mortgage backed securities): If one of the major concerns / complaints of the "occupy" movements is that there aren't enough jobs for college graduates and especially that there aren't enough jobs that are intellectually stimulating and allow for paying off student debt, why on earth would you protest one of the few companies that is actively providing jobs to recent grads that meet both of those requirements?
It is my guess that "making students think more critically" is unfortunately code for "I have a knee-jerk reaction against banking and consulting without really knowing what they entail."
Providing jobs for recent grads is a good thing AND providing access to the capital markets for companies is also a good thing.
etoohey1 6 months, 1 week ago
And in the spirit of consider the "other side of things" and allowing readers to "think more critically" about the motivations surrounding these protests, it is worth considering how this misguided protest provides a convenient 'follow-on' for a career-enhancing nytimes reprint of a cutsy and poor-researched ydn article.
Something about the bourgie northeast privileged suburban yalie hipster railing on the financial sector (which (s)he knows very little to nothing about) from the comfort of yale dorms while (s)he pursues ever-so-self-righteously a post-drag position at The New Yorker or The Nation (which I guess are somehow exempt from capitalist taint) just doesn't seem to have real impact or authenticity.
But on the true purpose underlying this fledgling movement, I say 'good luck!' I cant wait to see the next piece the NYT picks up
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