I agree - but when a 17-18 y.o. is choosing a college, that’s not what they are thinking (and there’s probably a fair number of parents who aren’t thinking that way either, especially if they have to write a 5-figure tuition check twice a year). Hopefully they eventually come to that realization, but they probably won’t choose a program at all if the messaging is, “You’re not going to make in finance, so pick something else.”
If Manhattan doesn’t believe that Wall Street is a possibility with a degree from their finance program, they should be pivoting to all the other finance positions that are possible, while supporting and empowering students to, as you stated above, position themselves for these jobs.