Wharton senior loses investment banking job at Merrill Lynch over new law

[energyfinance]

Read your offer from ML!! You have one, right?

sue ML.

Didn't you study some law at your 'top university' ?

What was you for of consideration in the deal?

Didn't you cancel some other plans because of this offer?

I went to a state college and learned enough to get rich.

The restriction on the TARP money are NOT relevant to your agreement with ML.

[dochokeana]

I think it's a tricky situation with no easy answer. On one hand yes it is unfair that a student who was accepted to come to US, go to college and then given a job offer had it suddenly taken away but on the other hand with high unemployment, can you really blame the restriction? Of course it would have been better had the companies that made offers BEFORE restrictions tried to find waivers (it takes a lot of paperwork but it's possible) for their job candidates.

[MegaUsername500]

It's not fair. America's supposed to be Santa Claus to the world, giving away the best of everything to foreign nationals.

[glidingneedles]

I can understand the political reason behind limiting jobs to Americans - it sells and politicians get re-elected. However, the argument that it is to give tax-payers an advantage makes no sense as foreigners also pay taxes, sometimes even more than Americans on a benefit per dollar basis. To be fair though, most other countries also discriminate against foreign nationals one way or the other.

[TRZbebop675]

She graduated from Wharton: the fact that she got denied from Merrill doesn't mean much because there are probably 5 other firms falling over each other to hire her.

[futuredoc2020]

@TRZbebop675 I want to go to Wharton but sometimes I worry that if I am accepted and go there I won't be able to get a job. Do you think if I go there and graduate I will be able to get a job on Wall Street?

[unwicked91]

Ah well she still managed to do ok in the end. From her LinkedIn:

Nazli Oguzsimsaroglu

Financial Analyst at Barclays Capital

[energyfinance]

@unwicked91

Smart move to do some research, as you did!!

Corporate Intelligence can be a great work choice for smart and capable operators to consider.

It's NOT insider trading and it's NOT illegal -- if done properly.

"Closing deals' does NOT require working for a firm!!

I wonder if they taught THAT at Wharton.

[MrBigEnchilada]

same thing as subprime loans,

oh but we have to have americans doing the jobs,

are you kidding me???

HOW IS SHE NOT AN AMERICAN, by trying to do her best, freaken racists???

[Bobzeedo]

If you want to succeed in banking read "The Banker Who Saved His Soul" - it'll give you an inside look and perspective that will make a difference in your career.

[rogercopple1]

Maybe she should try to get a job in Turkey?

[111ansac]

@rogercopple1 Not feasible, even if she wants. The loans to study in a school like Warton would be so high that you need to work in US for at-least 3-4 years to offset some debt.

[thecirclenetwork]

Outsourcing is an issue that threatens the next generation of professional workers in America. Though in this case, outsourcing would be used to describe the action loosely, it is evident that the job could have gone to an American worker. Given this woman had the credentials for Merrill Lynch, she would have no problem landing a job at Barclay's or Deutsche in Europe, especially if she graduate from Wharton.

[downtownLAking]

keep american jobs for america

[TheDonkeydick123]

this girl is a fawking moron! GO BACK TO TURKEY! 

[WarrenAch]

If you could get a job at Merrill Lynch, you can also get a job at Goldman and JP morgan, so stop fucking whining about how you lost your job over a new legislation...

[joe1234567890i]

@WarrenAch except for just because someone is capable of getting a job at those places aren't guaranteed the job there. Just because the girl has a high chance of landing a job there doesn't mean she will definitely get it.

[WarrenAch]

@joe1234567890i She had the stats and credentials to get a call fack from Merrill Lynch, which less that 5% of the applicants can get, she can use these credentials and apply somewhere, Investment Banking is everywhere, i know many who got kicked out not because they sucked at the job, but because the MD didn't like their face...

[adrock182]

Grow up. The world is a free market and it is efficient enough when it comes to the allocation of human talent. Everyone here mainly wants 'jobs for us Americans'. Let's not forget that the American gene pool is a veritable melting pot of nationalities. You have no definitive identity. Your a wonderful mix of many nationalities, cultures and traditions. Embrace the diversity and internationsl skill set of others. Especially those who are better suited to some of 'your' jobs.

[TheDonkeydick123]

this girl is an idiot! go back to your country and work for an investment bank in your crap country. why would you go CNN to make every investment bank hate you!

ggrr.... someone stick a bbc in her mouth

[killer3878]

@TheDonkeydick123 i never saw a more ignorant person as u and if ur white this is not ur country u dumbass so u should go back to whereever ur from

[kegs666]

@TheDonkeydick123 You're right...this was probably a dumb move by her.

[TheGrizzly111]

Plenty of smart people in the US. It's a US company. Let's get highly educated, equally smart American's back to work in the country they grew up in. They pay taxes here and reside here. I realize it's exotic to have foreigners fill the ranks but the fact remains- plenty of brilliant, capable kids here in the US to fill these positions. End of story.

[nikanj]

Ouch. Tough one, I guess she just picked the wrong firm to gun for. Not her fault, hard to see it coming.

Hopefully those internships will help her get work with another bulge bracket firm.

[Fnkychld]

I don't understand why she thinks she should get "fair" treatment in a foreign country in the first place? It's not like she's a citizen and should be entitled to the same rights as other Americans. Her Wharton education is certainly impressive, no doubt about it, but that doesn't entitle her to have the same rights as Americans just because she attended a top school. Use that Wharton education back in Turkey, I'm sure it'll be put to great use there.

[tubelincoln]

Look out for American worker? what if they cannot get the job done? I-banking is not for everyone. especially lazy ass.

[adnmoh1]

her contract was void when ml sold to boa. thats basic structure of ontract law, the third party has no obligation to hire her in the first place, they just used the goverment to shift the blame nothing more. she should have started looking for jobs within europe than america, like cs, rbs, sg, ubs, hsbc, etc. no restrictions there and would have had better chance to get hired.

[Thalion1]

Nazli... I'm sorry to hear that..

Arda Basibuyuk

[blueskyfisherman]

I feel sorry for this one. It's sad that "Americans" deny the opportunity for young internationals to thrive the American way. This is the main reason why our grandfathers emigrated from their respective countries, to prosper and achieve the American dream. To hell with that...

[ysssuhi]

too bad it isn't the 1800's anymore. Hey I have an Idea why don't you pay to sponsor the girl over here and give her your job ? 

[xCoreProductions]

@blueskyfisherman That actually couldn't be more false. Young internationals, as well as those who emigrated, are often picked for job interviews and are hired and even more so in top schools (Harvard, Princeton, etc) than white "natural born Americans" would be. In fact, these "Americans" you speak of are frequently the ones who are denied the right to thrive in THEIR American way because of affirmative action or racial quotas.

[fenhkg]

@xCoreProductions: You're nothing more than a white "natural born American" racist. Consider the facts: non-white Americans (excluding Asians) have unemployment stats ~3x higher than their white counterparts (even after factoring for equal level of education). You decry affirmative action/racial quotas while benefiting daily from "white privilege." America systematically discriminates against its own citizens even in 2011. You get NO pity from me... and I'm American.

[fenhkg]

@xCoreProductions: and BTW, dummy, affirmative action (AA) has NOTHING to do with racial quotas AND has NOTHING to do with H1B visas. AA = quotas = myth. AA can NOT be considered a quota system because it is NOT based on assigning job quotas by race. Do some research: 1965, Pres. Johnson issued Exec. Order 11246 requiring fed contractors to take "affirmative action" to hire withOUT regard to race, religion or nat'l origin. AA = protecting citizens from job discrimination by racists like you!

[xCoreProductions]

@fenhkg I haven't made one racist statement. It's almost a fact that HYPS look to accept minority students over white students. Don't play dumb. It might be controversial and "politically incorrect" but it's not false. If you don't believe me travel to an Ivy League campus and look around. I'm not discriminating at all, if a person is qualified I am all for hiring them no matter what color, religion, ethnicity they are. My problem is for things like Sotomayor's ruling on the fire department case

[chris9986]

@xCoreProductions That is also true at non-ivy league top universities or even middle of the road large universities, they are packed with foreigners studying engineering and science mainly.

[xCoreProductions]

@fenhkg it may not have been intended to be that way back under Johnson, but it has definitely become that way.

[nazcolakoglu87]

yuru kocum be kim tutar seni