Cherry-picking is an expensive sport

This is a story that makes you think about how much you’re willing to sacrifice for money, but it also has a tidbit of info on how internship recruitment works:

The big City firms recruit only from the top universities. They cherry-pick students with strings to their bows – football captains and leaders of orchestras – and entice them with offers of fancy dinners and expensive wine.


It genuinely wasn’t the money that convinced me, though – it was the challenge. ‘If you’re really determined, you can go a long way,’ they promised.

My first taste of banking was in the summer of 2001. I was paid £7,000 for an eight-week internship at an investment bank, along with 30 other undergraduates. Not bad, at the age of 21.

Employers, beware: “pay for the best or get the rest” applies to internships as well.


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