Wall Street firms looking for college athletes with top grades

Thursday, October 17, 2013

Inside One Equity Partners are as many as eight Olympians and even more of their world- or Olympic gold medals, said managing partner Dick Cashin, who competed internationally as a rower and now hires former college athletes while recommending others do the same.

“Everybody thinks sports is about winning,” says the 60-year-old Cashin, who didn’t earn a medal as a member of the 1972 U.S. Olympic team. “For me, it’s more about losing and then figuring out a way to win. It’s those things that make working with athletes and hiring former athletes a reasonable thing to consider.”

Seeking accomplished jocks with good grades, especially women, for entry-level positions is becoming de rigueur on Wall Street, where New York-based Drum Associates in February opened what it describes as the first division of an executive search firm that caters exclusively to current and former college athletes.

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