I worked for a hedge fund that was like that. You only got in as a fresh grad if you were in a top tier school, or you had a strong referral from an existing em

I worked for a hedge fund that was like that. You only got in as a fresh grad if you were in a top tier school, or you had a strong referral from an existing employee. I got in on a referral, despite going to a highly ranked engineering school, but not MIT or CMU. Edit: we also hired a few idiots out of MIT. Remember one instance when an intern from MIT sent an email to a wide audience something to the effect "your API is breaking my code, fix your API". This was in C++. They were asking for something that didnt exist and then blindly dereferenced the nonexistent first element causing a segfault. My response was to the effect of "youre dereferncing an empty vector. API is fine. Fix your fucking code." The interns original email was sent to just my team, but CC'd nearly all of front office. In my reply I added all of backoffice so they were aware of the idiot. Never heard from them again...