These banks and consultancy companies just hoover up all the talent and bright minds from our best institutions. You wouldn't believe the amount of Oxbridge grads I've met who now work at McKinsey&Co, Jane Street, etc. This is why we're faltering in STEM when compared to China. Our brightest don't become mathematicians, physicists, chemists, engineers, and so on anymore. Instead they become bankers and consultants at vampiric companies, with the sole goal to make rich people richer.

The fact that Dimon was not beaten to death immediately he said this, by whomever stood nearest, tells you everything you need to know.