When the oldest members of Generation Y, born roughly in the 1980s, began graduating from college, a collective groan was heard on investment desks throughout Wall Street.
Gen Y is the stereotypical tag attached to the rookie investment bankers that comprise the current pool of new hire candidates. Many bankers have claimed that Gen Y-ers have an excess sense of entitlement, are pampered, arrogant and lazy. They want to do work on their terms and receive a constant stream of feedback.
I remember literally being petrified of senior staff. On the contrary, Gen Y (or Generation Why?) has been raised to ask questions and be assertive. As confident, independent thinkers, they look to modify existing protocols. Not to mention, Gen Ys are oftentimes referred to as "trophy kids," a term that reflects the trend in competitive sports where mere participation alone is enough for a reward.
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