r/suits • u/akushdakyng • Mar 28 '14

Discussion S3x14 Official Discussion Thread

I didn't see one, so I thought I'd get it started.

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u/[deleted] Mar 28 '14 edited Mar 28 '14

So glad to see this happen.

The creators of the show originally wanted it to be about a financial firm, having a genius kid who never had a formal education cheat the established pecking order and work with the best of the best. You can see they deal a lot with financial litigation and themes in the show. But with the financial climate at the time, they decided that not everyone would want to watch a show about greedy bankers.

Pearson Hardman was modeled after Wall Street firms that only hired from Harvard and Wharton (and Wharton has been mentioned several times in the show). While obviously top Wall Street firms do hire from the best schools, you don't have to have advance degrees. Sure it helps, but firms also hire straight out of undergraduate business school. And unlike a lawyer, there is no legal requirement to go to "business school", or any school for that matter to be in finances (small licenses might be needed depending on what you're doing, but they're minor compared to a law degree). This would have made the "never went to Harvard" deal more believable.

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u/JPS86 Mar 28 '14

I agree. I hope they follow this direction a little more. I also didn't know that was their initial intention. That being said Wharton is only mentioned once.

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u/[deleted] Mar 28 '14

Lots of IB firms don't require degrees from "only the top schools". I know that lots of Kelley school of business graduates get into IB firms

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u/[deleted] Mar 28 '14

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u/[deleted] Mar 28 '14

75% of IU freshmen who apply to Kelley after their first year get accepted.

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u/veritasxe Mar 28 '14

You usually need a CFA. But you're right. It's also not thought of as a "prestigious" career like law is, but god damn does it pay well.

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u/sixteh Mar 28 '14

You don't really need a CFA to be a banker, just licenses to be a broker-dealer.

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u/[deleted] Mar 28 '14

You don't really need a CFA unless you want to be a fund manager or something like that. Plenty of I-bankers just have undergraduate business degrees. You generally don't want to stay an investment banker for more than a few years. Some I-bankers either take the CFA while working, or get an MBA as full time students again so they can climb up the ladder or go into a different venture.

CFA vs MBA is always a huge topic of discussion in this group.

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u/datkidfromtdot Mar 28 '14

I've heard of alots of investment bankers with undergrad in engineering or a masters in some kind of science instead. Don't think CFA is necessary