The Renaissance Kids typically have their pick of investment banks, and what makes them so attractive to Wall Street -- aside from their credentials, which look good on a pitch book -- is that they're interesting. They're not carbon-copy Alex P. Keatons. They read books, can wax eloquent on nonfinancial matters, and are good at male small-talk (which female Renaissance Kids also excel at). Executives look them over and imagine them schmoozing clients, passing the airport test, and eventually taking over for them at the top of the firm.
Goldman Sachs is especially desirous of Renaissance Kids, because it's always fancied itself the thinking man's investment bank. ("I think you also have to be a complete person. You have to be interesting," Lloyd Blankfein told the bank's interns last year.) But because Goldman wants them, everyone else does, too.
The problem, for Goldman and the rest of Wall Street, is that banks aren't pulling nearly the number of Renaissance Kids they once did. These firms are having no problems drawing applicants out of college, but what I've heard from senior Wall Street hiring managers is that they're not the right kind of applicants. They're second-stringers, as far as the banks are concerned. The students these firms want to attract -- badly -- are increasingly going to Google or Facebook instead of Goldman and J.P. Morgan. (Or, almost worse, going to Goldman and J.P. Morgan, working for a year or two, and then quitting to go to Google or Facebook.)