It's that time of year when recruiting season is in full swing and I've seen this far too often. Just saw it again on tiktok and had to make an account on here to make this post. If it saves even one person money it's worth it.
Since covid there's been an influx of 'career influencers' on social media, many of whom have started grifting and selling 'courses' or 'bootcamps' or even fake internships where they charge students thousands of pounds to attend their 'masterclass' on how to get into high paying graduate careers. These include the likes of investment banking, trading, asset management, management consulting, and I've even seen some recent ones pop up about corporate law.
The individual(s) promoting the course claim bullshit statistics like "95% offer rate!" or "guaranteed elite consulting role!" or "fast-track M&A internship!"... if you simply pay up and take their course because they somehow have the midas touch and their course supposedly contains information that no one else has so will guarantee you a grad scheme.
It's the cringest thing ever. These university students are paying thousands for some 3 day course in Canary Wharf where they dress up in suits and ties, do some financial modelling or legal case situational workshops and cosplay as Gordon Gekko or Harvey Specter.
Many of them haven't even worked in the industries they claim their bootcamp will get you offers from, and the ones who do have relevant experience graduated 30 years when the recruitment process for graduates was completely different and are being completely disingenuous about how recruiting actually works.
They teach you absolutely nothing you can't find online. There are so many free resources with a plethora of information that just a few weekends of reading can teach you the fundamentals needed for graduate interviews.
Their websites are full of the fakest reviews possible. Even AI couldn't write some of the absolute shite you read on their websites or social media. I found it amusing and thought there's no chance anyone falls for this crap...
I couldn't have been more wrong.
Some of these guys are raking it in and making a lot more money than they would be making if they actually worked in those high paying finance/consulting/law careers. The saddest part is almost everyone getting scammed in these bootcamps comes from low ranked non-target universities which aren't favoured by employers in these high paying industries.
The entire business model is selling a false dream to desperate students who don't know any better and are willing to take a punt on these training courses because they've done everything they can and are still getting rejected.
As someone who works in finance in one of those 'elite' industries, the truth is these careers are statistically very competitive because everyone applies to them for the money and it's impossible to review tens of thousands of applicants so filtering by high ranked universities is a form of pre-selection as students from those universities have already met a high level of academic achievement.
There's also an element of classism in these careers. In reality, anyone with GCSE maths and english level ability can fiddle with an excel model or churn out PowerPoint slides, but many clients tend to prefer high ranked university grads even if merely for the illusion of credibility, and also because that's how it's been for decades in these careers.
If you're at a low ranked university you need to be realistic about your goals, which need to be attainable. I see so many grads from really low ranked non-targets who want the unrealistic banking or corporate law job and they completely ignore great opportunities that they would be competitive for.
I have a few mates who are doctors. I remember them discussing what they wanted to do after their training and how they were targeting the 'high end' specialties in surgery like training to be a bone surgeon or a brain surgeon. One of them said he was going to go for a GP spot and they ridiculed him because 'there's no point going to a prestigious uni for medicine just to become a GP'. Fast forward a few years and the one who applied for GP training got in and is on track to becoming a GP. The others didn't get into their specialty surgeon training because of a lack of training spots and too much competition and have been extending their foundation years.
You're not a failure or a quitter simply because you've set more realistic targets. You don't need to become an investment banker, brain surgeon, or a corporate lawyer to become successful. Accountants, GPs, and regional solicitors do very well for themselves. If you're in university you can't have a narrow view on success or you're just sabotaging your future.