Anyone have insight on Pomona for “high” finance?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

“some interest in pursuing a career in hedge funds” 🙄

Sorry, what’s the problem with this?

First of all hedge funds are pretty much driving what’s wrong with our economy.

Second of all I think all you mean is “has interest in earning ridiculous pay (and not having to pay much tax on it”) which is fine but it’s just funny to me. I mean what high schooler has a good understanding of what hedge funds do much less an intrinsic interest in that.

It’s like when kids used to say they wanted to be Warren Buffett. I get it but it’s not exactly a life skill or goal.

Based on your post I’m pretty sure you don’t have a good understanding of what hedge funds do either.

I used to work in the industry so thino what you want.

If you did, you would know that few funds and strategies have a meaningful impact on the real economy, that the vast majority of employees have compensation that is taxed normally (i.e., it isn’t carried interest), and that lots of people who work there were, in fact, interested in investing and markets at a young age. There’s nothing wrong with that. Some of us did want to be Warren Buffett and it wasn’t because he was rich.

Anyway, back to the topic. OP, if your kid really likes investing and markets then CMC may be the better choice here. Pomona doesn’t really do a lot of finance placement, even for a LAC.

NP- I doubt anyone would want to be Buffet if he wasn't rich. Gimme a break.

He actually did something to make that money. Some people are interested in that thing and admire what he did and want to be able to do it too. No one’s saying they don’t want the money. But their interest is in the how.

Presumably people who admire Steve Jobs don’t just admire that he was rich.

It’s really weird that this is a post about “high finance” and there are people commenting that can’t comprehend that some people are actually interested in this as a career for any reason other than just compensation (which is obviously a strong plus).

[Anonymous]

I have a student studying at Pomona now. She takes most of her classes from Pomona but participated in some consulting clubs offered by CMC. As a Policy and Math major Pomona is definitely the better choice to meet her intellectual curiosity. CMC supplements her career interests.

[Anonymous]

I know there is an omnipresent Bucknell hater on this site who immediately will post several times in succession with animus to any mention of the school, but I think the Bucknell comparison for CMC is a good one - both punch above their weight on the street, have rabid alumni, and have a pre professional vibe on campus. And both provide pathways to front office wall street jobs for kid interested in that

[Anonymous]

Anonymous wrote:I know there is an omnipresent Bucknell hater on this site who immediately will post several times in succession with animus to any mention of the school, but I think the Bucknell comparison for CMC is a good one - both punch above their weight on the street, have rabid alumni, and have a pre professional vibe on campus. And both provide pathways to front office wall street jobs for kid interested in that

I rarely comment about Bucknell but I made one of the comments above. The reason is that the evidence just isn’t there for it being some amazing Wall Street feeder school like the boosters here try to make it out to be.

Two different analyses on Wall Street feeder schools, looking at different data and a slightly different list of firms:

https://www.peakframeworks.com/post/ib-target-schools

https://www.collegetransitions.com/dataverse/top-feeders-banking

Over 60 schools across the two lists. Where’s Bucknell? Nowhere. CMC is there. Middlebury is there. The usual top SLACs are there, though not Pomona interestingly. But no Bucknell.

Bucknell is known for its rabid, booster alumni. That counts for something. But it still doesn’t make fetch (Bucknell) happen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

“some interest in pursuing a career in hedge funds” 🙄

Sorry, what’s the problem with this?

First of all hedge funds are pretty much driving what’s wrong with our economy.

Second of all I think all you mean is “has interest in earning ridiculous pay (and not having to pay much tax on it”) which is fine but it’s just funny to me. I mean what high schooler has a good understanding of what hedge funds do much less an intrinsic interest in that.

It’s like when kids used to say they wanted to be Warren Buffett. I get it but it’s not exactly a life skill or goal.

Based on your post I’m pretty sure you don’t have a good understanding of what hedge funds do either.

I used to work in the industry so thino what you want.

If you did, you would know that few funds and strategies have a meaningful impact on the real economy, that the vast majority of employees have compensation that is taxed normally (i.e., it isn’t carried interest), and that lots of people who work there were, in fact, interested in investing and markets at a young age. There’s nothing wrong with that. Some of us did want to be Warren Buffett and it wasn’t because he was rich.

Anyway, back to the topic. OP, if your kid really likes investing and markets then CMC may be the better choice here. Pomona doesn’t really do a lot of finance placement, even for a LAC.

NP- I doubt anyone would want to be Buffet if he wasn't rich. Gimme a break.

He actually did something to make that money. Some people are interested in that thing and admire what he did and want to be able to do it too. No one’s saying they don’t want the money. But their interest is in the how.

Presumably people who admire Steve Jobs don’t just admire that he was rich.

It’s really weird that this is a post about “high finance” and there are people commenting that can’t comprehend that some people are actually interested in this as a career for any reason other than just compensation (which is obviously a strong plus).

Well, I don’t see many people interested in pulling 100 hour weeks on mind-numbing work for $30k and it doesn’t lead to much higher compensation.

Do you think the medical profession would be attractive if the hours and pay of a resident were the standard for all doctors?

[Anonymous]

Many Pomona finance grads get high.

[Anonymous]

What on earth is “high” finance?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

“some interest in pursuing a career in hedge funds” 🙄

Sorry, what’s the problem with this?

First of all hedge funds are pretty much driving what’s wrong with our economy.

Second of all I think all you mean is “has interest in earning ridiculous pay (and not having to pay much tax on it”) which is fine but it’s just funny to me. I mean what high schooler has a good understanding of what hedge funds do much less an intrinsic interest in that.

It’s like when kids used to say they wanted to be Warren Buffett. I get it but it’s not exactly a life skill or goal.

Based on your post I’m pretty sure you don’t have a good understanding of what hedge funds do either.

I used to work in the industry so thino what you want.

If you did, you would know that few funds and strategies have a meaningful impact on the real economy, that the vast majority of employees have compensation that is taxed normally (i.e., it isn’t carried interest), and that lots of people who work there were, in fact, interested in investing and markets at a young age. There’s nothing wrong with that. Some of us did want to be Warren Buffett and it wasn’t because he was rich.

Anyway, back to the topic. OP, if your kid really likes investing and markets then CMC may be the better choice here. Pomona doesn’t really do a lot of finance placement, even for a LAC.

NP- I doubt anyone would want to be Buffet if he wasn't rich. Gimme a break.

He actually did something to make that money. Some people are interested in that thing and admire what he did and want to be able to do it too. No one’s saying they don’t want the money. But their interest is in the how.

Presumably people who admire Steve Jobs don’t just admire that he was rich.

It’s really weird that this is a post about “high finance” and there are people commenting that can’t comprehend that some people are actually interested in this as a career for any reason other than just compensation (which is obviously a strong plus).

Well, I don’t see many people interested in pulling 100 hour weeks on mind-numbing work for $30k and it doesn’t lead to much higher compensation.

Do you think the medical profession would be attractive if the hours and pay of a resident were the standard for all doctors?

No, I said the pay was a strong plus and that no one is saying they don’t want the money. But do you think that people who want to become doctors aren’t interested in medicine? They aren’t interested in science, or taking care of people? There are always a few for whom it is just the money, but most people have an interest in the actual work. This is as true for kids interested in investing as anything else. Not sure why this is hard to understand.

Anyway, we are off topic because of people who don’t seem to know much about finance other than it is “what’s wrong with the economy” and is only about earning “ridiculous comp and not paying taxes on it.” OP, I think it’s great your kid has this interest. Depending on how deep it is, CMC would be a great school with lots of opportunities to move ahead with it. I don’t think you would go wrong either way, really.

[Anonymous]

the Bucknell comment is interesting - I think Bucknell places well on the street largely due to the lax bro culture - the Bucknell basher tried to throw data out to weirdly throw shade on the school, but there’s no denying the street is chok full of lax bros, and bucknell is a primo destination. these kids aren’t going to be the quants of the future , but they will be the relationship managers - and they all pass the elevator test.

[Anonymous]

Anonymous wrote:the Bucknell comment is interesting - I think Bucknell places well on the street largely due to the lax bro culture - the Bucknell basher tried to throw data out to weirdly throw shade on the school, but there’s no denying the street is chok full of lax bros, and bucknell is a primo destination. these kids aren’t going to be the quants of the future , but they will be the relationship managers - and they all pass the elevator test.

Except the street is not filled with “Bucknell bros,” because apparently it is not a “primo destination.” Don’t worry, I’m sure you’ll still get a good job when you graduate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

“some interest in pursuing a career in hedge funds” 🙄

Sorry, what’s the problem with this?

First of all hedge funds are pretty much driving what’s wrong with our economy.

Second of all I think all you mean is “has interest in earning ridiculous pay (and not having to pay much tax on it”) which is fine but it’s just funny to me. I mean what high schooler has a good understanding of what hedge funds do much less an intrinsic interest in that.

It’s like when kids used to say they wanted to be Warren Buffett. I get it but it’s not exactly a life skill or goal.

Based on your post I’m pretty sure you don’t have a good understanding of what hedge funds do either.

I used to work in the industry so thino what you want.

If you did, you would know that few funds and strategies have a meaningful impact on the real economy, that the vast majority of employees have compensation that is taxed normally (i.e., it isn’t carried interest), and that lots of people who work there were, in fact, interested in investing and markets at a young age. There’s nothing wrong with that. Some of us did want to be Warren Buffett and it wasn’t because he was rich.

Anyway, back to the topic. OP, if your kid really likes investing and markets then CMC may be the better choice here. Pomona doesn’t really do a lot of finance placement, even for a LAC.

NP- I doubt anyone would want to be Buffet if he wasn't rich. Gimme a break.

He actually did something to make that money. Some people are interested in that thing and admire what he did and want to be able to do it too. No one’s saying they don’t want the money. But their interest is in the how.

Presumably people who admire Steve Jobs don’t just admire that he was rich.

It’s really weird that this is a post about “high finance” and there are people commenting that can’t comprehend that some people are actually interested in this as a career for any reason other than just compensation (which is obviously a strong plus).

Well, I don’t see many people interested in pulling 100 hour weeks on mind-numbing work for $30k and it doesn’t lead to much higher compensation.

Do you think the medical profession would be attractive if the hours and pay of a resident were the standard for all doctors?

No, I said the pay was a strong plus and that no one is saying they don’t want the money. But do you think that people who want to become doctors aren’t interested in medicine? They aren’t interested in science, or taking care of people? There are always a few for whom it is just the money, but most people have an interest in the actual work. This is as true for kids interested in investing as anything else. Not sure why this is hard to understand.

Anyway, we are off topic because of people who don’t seem to know much about finance other than it is “what’s wrong with the economy” and is only about earning “ridiculous comp and not paying taxes on it.” OP, I think it’s great your kid has this interest. Depending on how deep it is, CMC would be a great school with lots of opportunities to move ahead with it. I don’t think you would go wrong either way, really.

I think people interested in medicine would in fact still pursue it (assuming med school costs were reduced accordingly) if their realistic salary potential was only $150k…but I don’t know anyone (myself included) that would be particularly interested in finance under the same construct.

I mean…it is literally working in the business of money. It’s impossible to separate the money aspect which is why even portfolio managers working at NPOs make a relative shit ton of it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:the Bucknell comment is interesting - I think Bucknell places well on the street largely due to the lax bro culture - the Bucknell basher tried to throw data out to weirdly throw shade on the school, but there’s no denying the street is chok full of lax bros, and bucknell is a primo destination. these kids aren’t going to be the quants of the future , but they will be the relationship managers - and they all pass the elevator test.

+1 It’s simply not a school known for intellectual rigor and the students that attend are typically middling at best. Just look at the CDS. The quality of Bucknell’s student body vs that of CMC’s is quite different, and not in a positive way. The Bucknell booster can cry foul, but the facts don’t lie, nor do the placement stats.

Except the street is not filled with “Bucknell bros,” because apparently it is not a “primo destination.” Don’t worry, I’m sure you’ll still get a good job when you graduate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DC attends, and I'm an alum. CMC is the better choice. Pomona students are not really the crowd that are interested in IB. There's many students who go into consulting, but few are interested in doing finance long term. CMC has all the resources for getting into IB and offers more funding to their students than Pomona. Pomona is the type of place for an Econ student who wants to go to graduate school or someone fine with using consulting as a buffer to get into the career they actually want. Few interest in IB, so it would be better to take up the opportunities and clubs at CMC.

Agree. I’d call CMC the Bucknell of the West, while Pomona is more like Swarthmore. Both are incredible schools, but their strengths are in very different areas. Is your kid more interested in being immersed in intellectualism or getting on the fast track to The Street?

Found the Bucknell booster again.

[Anonymous]

Bucknell kids get good jobs at regional offices of big banks. So, they get into the Wells Fargo training program in the Charlotte office. It's a great job, but it's not GS

[Anonymous]

"punching above their weight" lol- this guy again