Good morning!
In the ‘Prince’s recent special issue on careers, there was significant debate on the concept of "careerism," or students focusing more of their time on their career prospects rather than academics while at Princeton. Some students may not just be prepping for careers but engaging in them, for profit.
Recently, the University of Pennsylvania’s Wharton School of Business banned student-run consulting clubs from charging fees, becoming one of the first universities to do so. On the contrary, Princeton University’s consulting clubs already do not charge fees, in spite of the fact that the University does allow clubs to accept payments as compensation.
According to president of the University’s Graduate Consulting Club, Frederick Uquillas, many students join consulting clubs as an introductory experience for future work in the consulting industry rather than profit-producing opportunities. According to data from The Daily Princetonian’s Senior Survey, 8.3 percent of graduates in the Class of 2023 and 9.5 percent of graduates in the Class of 2022 planned to begin careers in consulting after graduation.
This may not be the end of the story. While consulting clubs do not charge fees, there may be other clubs, such as investment clubs, that do turn a profit.
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Analysis by Kia Ghods and Sunney Gao
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