Recruiting Employees

Ezra Klein has an interview with a Harvard grad who went into investment banking, which includes some discussion of why students with humanities and social science majors go to Wall Street.The interesting suggestion is that investment banks steal a march on other employers by offering summer internships to rising seniors.  Do well then, and you've got a job offer, thereby alleviating all the stress and anxiety of job searching during the senior year.  Instead you can relax and drink enjoy the college life.  Immediate gratification is perhaps more important than the lure of high incomes down the road.

I wonder how well the government does in offering internships--I know there are a few around, but I doubt OPM views itself as in a hot competition with Goldman Sachs.