Your recent graduate dc major/ profession/ Income ?
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Anonymous
+2. But like this kid AFTER he got his education. |
Anonymous
I did a similar program in France and was paid even less. But I had an incredible experience living on a strict budget abroad and navigating my first year out of college with all the ups and downs, put my French degree to good use, and learned a lot about teaching. Wouldn’t change it for a moment—I even got to walk the red carpet at the Cannes film festival (seriously!). I made a lifelong friend from Germany and we still visit each other. I’m about 15 years post graduation and have an amazing career at a nonprofit, have paid off my student loan debt including from grad school, have a good amount saved for retirement despite getting a slower start, and own a home—so financially it didn’t seem to set me back at all. If my own kids told me they were going to do what I did and get paid peanuts but live abroad for a year or two I’d say GO FOR IT!! You have your whole life to work and be a part of the rat race. |
Anonymous
| I always think of a consultant as an expert in their area. How do you consult if you are just starting out? I’m just a lowly Speech Pathologist so I know in my field, I better be in expert if I am consulting on anything. Can someone please explain what exactly they do? |
Anonymous
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Political Science '15
$300K (inclusive of base salary and RSUs), internal strategy role First job out of school, management consulting, paid $70K base and a $7K sign on bonus |
Anonymous
Again, how are you a management consultant if you have never been in management????? |
Anonymous
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Major: communications fourth tier school (1992)
Job pre kids (late 90’s to 2001) marketing $75k quit and had kids and stayed home. Back at work 6 years ago - administrative assistant $50k (but I like my job. It’s also 8 minutes away and I always had to commute on metro before, so much time and money wasted on that, so worth it) |
Anonymous
Henchmen hired to downsize workforce, implement budget cuts, write “objective”/“expert” reports justifying what client wants to do anyway. |
Anonymous
NP The new graduates do most of the business research. |
Anonymous
2.5 years. |
Anonymous
I agree! My 2021 grad is living her best life in Japan with the JET program. She’s currently on a New Years trip with a group of new friends posting pictures of temples and hiking, all while perfecting the Japanese she studied in college. I think she’s making $32K but her rent is $250/mo and she has a bunch of money invested that she saved during college that she can use when she gets back. Being able to move half way across the world and figure out how to thrive is a huge accomplishment! |
Anonymous
| Do investment bankers really make 300k after 2 years? |
Anonymous
Or at least business education. If you're going to be self-employed, you need to have a lot of skills in managing your business, which includes the financial and marketing ends. Our cousin is a Master Carpenter. He is highly sought after and travels the world because of his skills yet it is the business end that keeps tripping him up. Fortunately, now one of his sons is working with him and that young man has a business degree. The family is now much more financially stable with the son managing the business. It is one thing to be a master at your craft, it is entirely another to be master of your craft and be able to live off of it because you know how to manage the business end of things. |
Anonymous
Harvard or Haverford? |
Anonymous
The bank's salaries are the biggest expense and yes, pay is great at the top ones or boutique. There are smaller, regional IB firms (there are a couple in DC area too) and newcomers like M&T Bank and those pay much much less. (Big) banking has NO W/L balance. We had to work more than 100 hours and I got so many UTIs because I couldn't use the bathroom enough. My friend got shingles in his 20s. Lots of cavities (nobody had time to go to the dentist), lots of coke to stay awake. Most burned out after 2 years, went to grad school to do something else or move to the industry related to their group. Lots in research try to transition from the sell side to the buy side, where the schedule is better and $ is good. If you survive and are able to backstab most of the analysts, the bank pays for 2 years of MBA (Stern is great and in the city) and then you become a VP, make more $, torture the analysts, and backstab more to get to MD. My understand is that law is the same but with slightly lower salaries, as if you don't have partner potential, you are asked to start looking around. IMO, going for big consulting like Bain and McKinsey is better, as the salaries are great and the W/L balance is better. The work is fun and easy too, as you don't have to implement anything, like Accenture. |
Anonymous
Yep. I'm European and one of my elementary school friends is a semi-famous artist. She comes from a family of artists, so she grew up in the industry, and is SO GOOD at marketing herself and managing the business. She hires a PR firm and is a superb salesperson - she doesn't have kids and travels the world to galleries. |