> The gigantic tech companies are always complaining they can't find 'good people'.
The "can't find good people" argument can usually be solved either 1) raising the pay, or 2) increasing the labor pool (i.e. H1B, etc). Raising the pay is what is done in finance because it's harder to make the argument that the required "skills" are lacking in the labor pool. To enter investment banking, and then private equity, it often only requires a B.A. in French literature and willingness to work 90 hours.
The "can't find good people" argument can usually be solved either 1) raising the pay, or 2) increasing the labor pool (i.e. H1B, etc). Raising the pay is what is done in finance because it's harder to make the argument that the required "skills" are lacking in the labor pool. To enter investment banking, and then private equity, it often only requires a B.A. in French literature and willingness to work 90 hours.