November 30th, 2011 | University

Times looks at push against finance, consulting

Students with the Occupy Yale working group stood outside a Morgan Stanley info session at the Study Tuesday night, holding signs encouraging students to think outside of consulting and finance as they look to their careers.
Students with the Occupy Yale working group stood outside a Morgan Stanley info session at the Study Tuesday night, holding signs encouraging students to think outside of consulting and finance as they look to their careers. Photo by Joyce Xi.

A Yale student protest at a Morgan Stanley information session two weeks ago — one example of a national Anti-Wall Street trend — has caught the eye of the national media.

An article in the New York Times’ Dealbook section outlined an increase in frustration with the financial industry at colleges and universities across the nation, with on-campus recruitment by banks and hedge funds proving to be one source of discontent for students. The author uses Yale as an example of one educational institution where students have begun to challenge the decision of peers to choose financial careers.

“I teach financial markets, and it’s a little like teaching R.O.T.C. during the Vietnam War,” Robert J. Shiller, professor of economics, says in the article. “You have this sense that something’s amiss.”

The author also includes the scene outside of the Study on Nov. 15, when roughly 25 undergraduates chanted slogans like “25 percent is too much talent spent”as their finance-and-consulting-inclined peers entered the hotel “clad in suits and clutching folders with résumés.”

At Harvard, Darmouth and Cornell, students have also spoken out against careers in finance through op-eds in campus newspapers.