1) Signalling. Look at my fantastic management consultancy. All my people have Ivy League degrees.
2) These people are (In Thiel's words) indefinite optimists. They don't know what they want. They could do anything. There's plenty of other boring jobs they could do. You have to pay up. By contrast, iOS dev guy needs an app company.
3) A lot of these firms run pseudo-monopolies. It costs a LOT of money to get a bank license. There's only 4 big 4 firms left, and you can't have Mickey Mouse as your auditor. The magic circle is not getting bigger. Monopoly profits means you can pay over the odds. You can have a hiring strategy that is basically just a burnout factory. More hamsters will come.
2) These people are (In Thiel's words) indefinite optimists. They don't know what they want. They could do anything. There's plenty of other boring jobs they could do. You have to pay up. By contrast, iOS dev guy needs an app company.
3) A lot of these firms run pseudo-monopolies. It costs a LOT of money to get a bank license. There's only 4 big 4 firms left, and you can't have Mickey Mouse as your auditor. The magic circle is not getting bigger. Monopoly profits means you can pay over the odds. You can have a hiring strategy that is basically just a burnout factory. More hamsters will come.