“Worst hiring environment for HBS students since 2009”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:Good. Kids need to learn that life has ups and downs and it's not all laid out for them like a platter of food.

Time to be humbled and take that wait staff job.

Right??! It’s so rich (ha) to expect us to feel sorry that these kids training to be capitalist masters now face the downside of the free market. Like literally, zero sympathy. Particularly to the PE choads whose entire business model is to take over companies, strip the equity, and fire people. Nope, not even getting my tiny violin out for these baby vultures.

If your kid took out $300k in student loans for an HBS MBA, and was promised the world in return, you’d have sympathy.

No one at a top 6 b school is taking out $300k of loans.
Non traditional students or URMs get massive aid, and the “traditional” students came from Ku strive industries during a bull market, plus they all I bc eat their income and bonuses and knew they were volatile bonuses.

It’s also common knowledge that you can take out large govt Grad Plus loans, day trade it all 4 semesters, never accrue interest or have to make a payment until a couple months after you graduate, then graduate and pay the entire principle off and keep the returns.

Grad Plus loans accrue interest while you’re in school, and they go straight to the school’s bursar’s office to cover tuition.

Stafford loans don’t, that’s what people would get first anyhow if they have to get student debt. Or want to day trade

Yes they do; only small portions of them don’t if you qualify based on your FAFSA EFC. And they’re only for undergrad. The money goes straight to your college’s bursars office to cover tuition (and if you qualify for the subsidized portion, you’re unlikely to be in a position to pay tuition without the loan).

MBAs are not filling out fafsa.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good. Kids need to learn that life has ups and downs and it's not all laid out for them like a platter of food.

Time to be humbled and take that wait staff job.

Right??! It’s so rich (ha) to expect us to feel sorry that these kids training to be capitalist masters now face the downside of the free market. Like literally, zero sympathy. Particularly to the PE choads whose entire business model is to take over companies, strip the equity, and fire people. Nope, not even getting my tiny violin out for these baby vultures.

If your kid took out $300k in student loans for an HBS MBA, and was promised the world in return, you’d have sympathy.

No one at a top 6 b school is taking out $300k of loans.
Non traditional students or URMs get massive aid, and the “traditional” students came from Ku strive industries during a bull market, plus they all I bc eat their income and bonuses and knew they were volatile bonuses.

It’s also common knowledge that you can take out large govt Grad Plus loans, day trade it all 4 semesters, never accrue interest or have to make a payment until a couple months after you graduate, then graduate and pay the entire principle off and keep the returns.

Grad Plus loans accrue interest while you’re in school, and they go straight to the school’s bursar’s office to cover tuition.

Stafford loans don’t, that’s what people would get first anyhow if they have to get student debt. Or want to day trade

Yes they do; only small portions of them don’t if you qualify based on your FAFSA EFC. And they’re only for undergrad. The money goes straight to your college’s bursars office to cover tuition (and if you qualify for the subsidized portion, you’re unlikely to be in a position to pay tuition without the loan).

MBAs are not filling out fafsa.

They are if they want Grad Plus loans.

Lots of misinformation regarding student loans on this thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good. Kids need to learn that life has ups and downs and it's not all laid out for them like a platter of food.

Time to be humbled and take that wait staff job.

Right??! It’s so rich (ha) to expect us to feel sorry that these kids training to be capitalist masters now face the downside of the free market. Like literally, zero sympathy. Particularly to the PE choads whose entire business model is to take over companies, strip the equity, and fire people. Nope, not even getting my tiny violin out for these baby vultures.

If your kid took out $300k in student loans for an HBS MBA, and was promised the world in return, you’d have sympathy.

No one at a top 6 b school is taking out $300k of loans.
Non traditional students or URMs get massive aid, and the “traditional” students came from Ku strive industries during a bull market, plus they all I bc eat their income and bonuses and knew they were volatile bonuses.

It’s also common knowledge that you can take out large govt Grad Plus loans, day trade it all 4 semesters, never accrue interest or have to make a payment until a couple months after you graduate, then graduate and pay the entire principle off and keep the returns.

Grad Plus loans accrue interest while you’re in school, and they go straight to the school’s bursar’s office to cover tuition.

Stafford loans don’t, that’s what people would get first anyhow if they have to get student debt. Or want to day trade

Yes they do; only small portions of them don’t if you qualify based on your FAFSA EFC. And they’re only for undergrad. The money goes straight to your college’s bursars office to cover tuition (and if you qualify for the subsidized portion, you’re unlikely to be in a position to pay tuition without the loan).

MBAs are not filling out fafsa.

They are if they want Grad Plus loans.

Lots of misinformation regarding student loans on this thread.

Who needs overpriced student loans when you made $300k a year in the bull market in your early 20s.

Peer to peer lending was half the govt loan rate back then too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good. Kids need to learn that life has ups and downs and it's not all laid out for them like a platter of food.

Time to be humbled and take that wait staff job.

Right??! It’s so rich (ha) to expect us to feel sorry that these kids training to be capitalist masters now face the downside of the free market. Like literally, zero sympathy. Particularly to the PE choads whose entire business model is to take over companies, strip the equity, and fire people. Nope, not even getting my tiny violin out for these baby vultures.

If your kid took out $300k in student loans for an HBS MBA, and was promised the world in return, you’d have sympathy.

No one at a top 6 b school is taking out $300k of loans.
Non traditional students or URMs get massive aid, and the “traditional” students came from Ku strive industries during a bull market, plus they all I bc eat their income and bonuses and knew they were volatile bonuses.

It’s also common knowledge that you can take out large govt Grad Plus loans, day trade it all 4 semesters, never accrue interest or have to make a payment until a couple months after you graduate, then graduate and pay the entire principle off and keep the returns.

Grad Plus loans accrue interest while you’re in school, and they go straight to the school’s bursar’s office to cover tuition.

Stafford loans don’t, that’s what people would get first anyhow if they have to get student debt. Or want to day trade

Yes they do; only small portions of them don’t if you qualify based on your FAFSA EFC. And they’re only for undergrad. The money goes straight to your college’s bursars office to cover tuition (and if you qualify for the subsidized portion, you’re unlikely to be in a position to pay tuition without the loan).

MBAs are not filling out fafsa.

They are if they want Grad Plus loans.

Lots of misinformation regarding student loans on this thread.

Who needs overpriced student loans when you made $300k a year in the bull market in your early 20s.

Peer to peer lending was half the govt loan rate back then too.

The people going for MBAs are not the ones making $300k/year at 24. Do not confuse the two. People in the former group are there because of a career change, because they struck out in recruiting despite attending a top college or because they majored in something fluffy in undergrad (English, for example).

[Anonymous]

Not at the top 3. "The people who go to H, W, and S are the ones who least need an MBA."
as the saying goes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good. Kids need to learn that life has ups and downs and it's not all laid out for them like a platter of food.

Time to be humbled and take that wait staff job.

Right??! It’s so rich (ha) to expect us to feel sorry that these kids training to be capitalist masters now face the downside of the free market. Like literally, zero sympathy. Particularly to the PE choads whose entire business model is to take over companies, strip the equity, and fire people. Nope, not even getting my tiny violin out for these baby vultures.

If your kid took out $300k in student loans for an HBS MBA, and was promised the world in return, you’d have sympathy.

No one at a top 6 b school is taking out $300k of loans.
Non traditional students or URMs get massive aid, and the “traditional” students came from Ku strive industries during a bull market, plus they all I bc eat their income and bonuses and knew they were volatile bonuses.

It’s also common knowledge that you can take out large govt Grad Plus loans, day trade it all 4 semesters, never accrue interest or have to make a payment until a couple months after you graduate, then graduate and pay the entire principle off and keep the returns.

Grad Plus loans accrue interest while you’re in school, and they go straight to the school’s bursar’s office to cover tuition.

Stafford loans don’t, that’s what people would get first anyhow if they have to get student debt. Or want to day trade

Yes they do; only small portions of them don’t if you qualify based on your FAFSA EFC. And they’re only for undergrad. The money goes straight to your college’s bursars office to cover tuition (and if you qualify for the subsidized portion, you’re unlikely to be in a position to pay tuition without the loan).

MBAs are not filling out fafsa.

They are if they want Grad Plus loans.

Lots of misinformation regarding student loans on this thread.

Who needs overpriced student loans when you made $300k a year in the bull market in your early 20s.

Peer to peer lending was half the govt loan rate back then too.

Most of them are terrible with money. I know a young man who graduated from
Wharton undergrad last year, makes mid-$100,000s and pays $7k/month for a Manhattan rental.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good. Kids need to learn that life has ups and downs and it's not all laid out for them like a platter of food.

Time to be humbled and take that wait staff job.

Right??! It’s so rich (ha) to expect us to feel sorry that these kids training to be capitalist masters now face the downside of the free market. Like literally, zero sympathy. Particularly to the PE choads whose entire business model is to take over companies, strip the equity, and fire people. Nope, not even getting my tiny violin out for these baby vultures.

If your kid took out $300k in student loans for an HBS MBA, and was promised the world in return, you’d have sympathy.

No one at a top 6 b school is taking out $300k of loans.
Non traditional students or URMs get massive aid, and the “traditional” students came from Ku strive industries during a bull market, plus they all I bc eat their income and bonuses and knew they were volatile bonuses.

It’s also common knowledge that you can take out large govt Grad Plus loans, day trade it all 4 semesters, never accrue interest or have to make a payment until a couple months after you graduate, then graduate and pay the entire principle off and keep the returns.

Grad Plus loans accrue interest while you’re in school, and they go straight to the school’s bursar’s office to cover tuition.

Stafford loans don’t, that’s what people would get first anyhow if they have to get student debt. Or want to day trade

Yes they do; only small portions of them don’t if you qualify based on your FAFSA EFC. And they’re only for undergrad. The money goes straight to your college’s bursars office to cover tuition (and if you qualify for the subsidized portion, you’re unlikely to be in a position to pay tuition without the loan).

MBAs are not filling out fafsa.

They are if they want Grad Plus loans.

Lots of misinformation regarding student loans on this thread.

Who needs overpriced student loans when you made $300k a year in the bull market in your early 20s.

Peer to peer lending was half the govt loan rate back then too.

Most of them are terrible with money. I know a young man who graduated from
Wharton undergrad last year, makes mid-$100,000s and pays $7k/month for a Manhattan rental.

There is no way any NYC landlord would let someone making mid $100s before tax rent a $84k a year apartment. They want at least 3x rent. Fake story or he has a guarantor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good. Kids need to learn that life has ups and downs and it's not all laid out for them like a platter of food.

Time to be humbled and take that wait staff job.

Right??! It’s so rich (ha) to expect us to feel sorry that these kids training to be capitalist masters now face the downside of the free market. Like literally, zero sympathy. Particularly to the PE choads whose entire business model is to take over companies, strip the equity, and fire people. Nope, not even getting my tiny violin out for these baby vultures.

If your kid took out $300k in student loans for an HBS MBA, and was promised the world in return, you’d have sympathy.

No one at a top 6 b school is taking out $300k of loans.
Non traditional students or URMs get massive aid, and the “traditional” students came from Ku strive industries during a bull market, plus they all I bc eat their income and bonuses and knew they were volatile bonuses.

It’s also common knowledge that you can take out large govt Grad Plus loans, day trade it all 4 semesters, never accrue interest or have to make a payment until a couple months after you graduate, then graduate and pay the entire principle off and keep the returns.

Grad Plus loans accrue interest while you’re in school, and they go straight to the school’s bursar’s office to cover tuition.

Stafford loans don’t, that’s what people would get first anyhow if they have to get student debt. Or want to day trade

Yes they do; only small portions of them don’t if you qualify based on your FAFSA EFC. And they’re only for undergrad. The money goes straight to your college’s bursars office to cover tuition (and if you qualify for the subsidized portion, you’re unlikely to be in a position to pay tuition without the loan).

MBAs are not filling out fafsa.

They are if they want Grad Plus loans.

Lots of misinformation regarding student loans on this thread.

Who needs overpriced student loans when you made $300k a year in the bull market in your early 20s.

Peer to peer lending was half the govt loan rate back then too.

Most of them are terrible with money. I know a young man who graduated from
Wharton undergrad last year, makes mid-$100,000s and pays $7k/month for a Manhattan rental.

There is no way any NYC landlord would let someone making mid $100s before tax rent a $84k a year apartment. They want at least 3x rent. Fake story or he has a guarantor.

Pretty much every college student & new grad does. Not just in NYC.

[Anonymous]

The HBS grads will mostly eventually get jobs and long-run be okay. But I remember 2008-2009 and the aftermath where first it was wall street, corporate law firms, big corporations doing layoffs and not hiring and then it slowly became a bigger deal economically and I am worried we are seeing the first signs of a larger recession here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good. Kids need to learn that life has ups and downs and it's not all laid out for them like a platter of food.

Time to be humbled and take that wait staff job.

Right??! It’s so rich (ha) to expect us to feel sorry that these kids training to be capitalist masters now face the downside of the free market. Like literally, zero sympathy. Particularly to the PE choads whose entire business model is to take over companies, strip the equity, and fire people. Nope, not even getting my tiny violin out for these baby vultures.

If your kid took out $300k in student loans for an HBS MBA, and was promised the world in return, you’d have sympathy.

No one at a top 6 b school is taking out $300k of loans.
Non traditional students or URMs get massive aid, and the “traditional” students came from Ku strive industries during a bull market, plus they all I bc eat their income and bonuses and knew they were volatile bonuses.

It’s also common knowledge that you can take out large govt Grad Plus loans, day trade it all 4 semesters, never accrue interest or have to make a payment until a couple months after you graduate, then graduate and pay the entire principle off and keep the returns.

Grad Plus loans accrue interest while you’re in school, and they go straight to the school’s bursar’s office to cover tuition.

Stafford loans don’t, that’s what people would get first anyhow if they have to get student debt. Or want to day trade

Yes they do; only small portions of them don’t if you qualify based on your FAFSA EFC. And they’re only for undergrad. The money goes straight to your college’s bursars office to cover tuition (and if you qualify for the subsidized portion, you’re unlikely to be in a position to pay tuition without the loan).

MBAs are not filling out fafsa.

They are if they want Grad Plus loans.

Lots of misinformation regarding student loans on this thread.

Who needs overpriced student loans when you made $300k a year in the bull market in your early 20s.

Peer to peer lending was half the govt loan rate back then too.

Most of them are terrible with money. I know a young man who graduated from
Wharton undergrad last year, makes mid-$100,000s and pays $7k/month for a Manhattan rental.

Thought it was standard for Manhattan apartments to require 40x income, so 280k for a $7k rental?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Waaah poor MBAs. Maybe they can go do something useful to society instead of money-grubbing profiteering.

Not with $200k in student loans.

More. HBS tuition and fees alone are $83K, and they tell students to budget another $33K for living expenses.

Plus, the foreign students need to tap private lenders or lenders in their home countries. They likely have a variable interest rate, which has probably gone up 500 basis points since they started HBS in fall of 2021.

These folks are getting crushed.

They are using their rich parents. Foreign student have influential families.

[Anonymous]

Look, business is a profession like any other. Medicine, law, plumbing, IT, teaching, acting, journalism, carpentry, optometry -- there are thousands.

The hate against MBAs is a little silly. It's a credential to advance in the business world - what's wrong with that? Is networking and targeted relationship building a part of business success? Yes.

[Anonymous]

Anonymous wrote:Not at the top 3. "The people who go to H, W, and S are the ones who least need an MBA."
as the saying goes.

Not true. Students at the Top 3 are admitted because of future promise; these students are the most likely to make use of their MBA degrees.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not at the top 3. "The people who go to H, W, and S are the ones who least need an MBA."
as the saying goes.

Not true. Students at the Top 3 are admitted because of future promise; these students are the most likely to make use of their MBA degrees.

Women who attend these three schools use their mba the least (besides as a mrs degree)