“Worst hiring environment for HBS students since 2009”

[Anonymous]

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.

[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.

Labor & maintenance ain’t cheap in Cambridge.

[Anonymous]

Anonymous wrote:

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.

MBB pay for MBAs, although you must go back to work for them after.

MBB ain’t hiring. Read the article.

Plus, it’s harder to enter MBB with only an undergrad degree vs. getting an MBA. Getting into MBB with only a bachelor’s is the golden ticket. Folks going to HBS are there because they couldn’t get into MBB the first time around.

[Anonymous]

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.

That doesn’t pay off loans.

Funny, you’d never say the same thing to an unemployed med school grad.

What med school grad is unemployed?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

MBB pay for MBAs, although you must go back to work for them after.

MBB ain’t hiring. Read the article.

Plus, it’s harder to enter MBB with only an undergrad degree vs. getting an MBA. Getting into MBB with only a bachelor’s is the golden ticket. Folks going to HBS are there because they couldn’t get into MBB the first time around.

I meant for people who had a job at MBB pre-MBA.

[Anonymous]

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.

[Anonymous]

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.

That doesn’t pay off loans.

Funny, you’d never say the same thing to an unemployed med school grad.

What med school grad is unemployed?

What HBS grad is unemployed? Very few, relatively speaking.

[Anonymous]

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.

That doesn’t pay off loans.

Funny, you’d never say the same thing to an unemployed med school grad.

What med school grad is unemployed?

Those who don’t get matched into residency. Around 7% of med school graduates do not get matched. So they leave med school with $300K+ in debt and no prospects to pay it off.

https://www.nytimes.com/2021/02/19/health/medical-school-residency-doctors.html

[Anonymous]

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.

That doesn’t pay off loans.

Funny, you’d never say the same thing to an unemployed med school grad.

No med school grad is unemployed!! And they are training to HELP people. So yes, I fully support helping young med students financially. Particularly since some specialties like pediatrics really are difficult financially with the student loans now.

[Anonymous]

Anonymous wrote:

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

The student loans these folks are taking out are brutal. It would keep me up at night not knowing I don’t have a job lined up. They are supposed to be celebrating at graduation and half the class is an anxious mess, especially the foreign students.

TBF, this happened to those graduating in 2008-2009 and during the Dot Com bust. But tuition is so much higher these days for an elite Ivy MBA.

And 2010! I graduated in 2010 from Dartmouth and it was a hot mess. I couldn’t get interviews for entry level jobs 30 minutes outside of Boston. Everyone was hiring grad students for those jobs.

I have a good friend who graduated with me in 2010 and is graduating with an MBA from Duke this year and I feel so bad for her. I’m having PTSD on her behalf.

[Anonymous]

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.

That doesn’t pay off loans.

Funny, you’d never say the same thing to an unemployed med school grad.

No med school grad is unemployed!! And they are training to HELP people. So yes, I fully support helping young med students financially. Particularly since some specialties like pediatrics really are difficult financially with the student loans now.

Tons are. Not everyone matches into a residency.

[Anonymous]

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.

That doesn’t pay off loans.

Funny, you’d never say the same thing to an unemployed med school grad.

No med school grad is unemployed!! And they are training to HELP people. So yes, I fully support helping young med students financially. Particularly since some specialties like pediatrics really are difficult financially with the student loans now.

As do MBAs.

[Anonymous]

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.

+1 hate to say it, but this is what capitalism is about. There are boom times and bust times. If you expected the party to last forever, you were ignorant.

I have been laid off twice, been through two recessions, including graduating during a recession. I told my kid to NOT go to such an expensive college such that we would have to take out huge loans. The ROI is just not there, and you never know what kind of economy you will be going into after graduation.

There had better not be another student loan forgiveness in the horizon for these graduates.

[Anonymous]

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.

That doesn’t pay off loans.

Funny, you’d never say the same thing to an unemployed med school grad.

No med school grad is unemployed!! And they are training to HELP people. So yes, I fully support helping young med students financially. Particularly since some specialties like pediatrics really are difficult financially with the student loans now.

As do MBAs.

dp.. no, MBAs are training to make money, not help people. Please.

[Anonymous]

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.

It’s always like that tho. I just posted I graduated from Dartmouth in 2010 into the sh*t show that was the US economy. It’s horrible to go from thinking the world is at your fingertips to groveling to get an unpaid internship post grad, but that is the market. You learn how to hustle and be resilient. And you bring that lens to how you raise your kids - or at least I am.