“Worst hiring environment for HBS students since 2009”

[Anonymous]

Anonymous wrote:

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.

Why would she go to fuqua as a Dartmouth ug alum?

It’s not worth it outside of m7

[Anonymous]

Anonymous wrote:

Anonymous wrote:Look at this con job published by HBS. These folks got snowed.

https://www.hbs.edu/mba/financial-aid/tuition-assistance/Pages/cost-of-attendance.aspx

Seems like HBS ignores the fact that the program covers two academic years--not just one--when illustrating the COA.

That webpage’s estimates are only good for one year. Everyone knows the 2nd year will be more expensive.

MBA students have spending problems, IMHO. They love to travel, go out to fancy group dinners, rent expensive vacation homes, get bottle service, etc. I know people in the current HBS 23 class and their Instragram accounts have been crazy over-the-top luxury for the past two years.

The program brings in a lot of UHNW international students who can fund that kind of lifestyle while in grad school. But most of the class are still Americans who are probably borrowing gobs of money. One of the students I know from Europe borrowed from a bank in their home country as a variable rate, with the intention of refinancing after graduation. Oooof.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look at this con job published by HBS. These folks got snowed.

https://www.hbs.edu/mba/financial-aid/tuition-assistance/Pages/cost-of-attendance.aspx

Seems like HBS ignores the fact that the program covers two academic years--not just one--when illustrating the COA.

That webpage’s estimates are only good for one year. Everyone knows the 2nd year will be more expensive.

MBA students have spending problems, IMHO. They love to travel, go out to fancy group dinners, rent expensive vacation homes, get bottle service, etc. I know people in the current HBS 23 class and their Instragram accounts have been crazy over-the-top luxury for the past two years.

The program brings in a lot of UHNW international students who can fund that kind of lifestyle while in grad school. But most of the class are still Americans who are probably borrowing gobs of money. One of the students I know from Europe borrowed from a bank in their home country as a variable rate, with the intention of refinancing after graduation. Oooof.

so.. smart people who are stupid about money.

[Anonymous]

If they spoke English it would help

[Anonymous]

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.

+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.

There’s PSLF for nonprofit hospital admins

please, most business grads don't major in it "to help people". And most hospital admins only care about profit even as the hospitals are nonprofit. Hospital admins don't actually care about the people it serves. They care about making sure the hospital is profitable.

btw, I was also a business major.

You missed the point.
“These people” will get student loans forgiven.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look at this con job published by HBS. These folks got snowed.

https://www.hbs.edu/mba/financial-aid/tuition-assistance/Pages/cost-of-attendance.aspx

Seems like HBS ignores the fact that the program covers two academic years--not just one--when illustrating the COA.

That webpage’s estimates are only good for one year. Everyone knows the 2nd year will be more expensive.

MBA students have spending problems, IMHO. They love to travel, go out to fancy group dinners, rent expensive vacation homes, get bottle service, etc. I know people in the current HBS 23 class and their Instragram accounts have been crazy over-the-top luxury for the past two years.

The program brings in a lot of UHNW international students who can fund that kind of lifestyle while in grad school. But most of the class are still Americans who are probably borrowing gobs of money. One of the students I know from Europe borrowed from a bank in their home country as a variable rate, with the intention of refinancing after graduation. Oooof.

Thanks for responding to my post.

Curious as to why "the 2nd year will be more expensive". Wouldn't second year costs be diminished by summer internship earnings ?

[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.

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.

Why would she go to fuqua as a Dartmouth ug alum?

It’s not worth it outside of m7

Depends why you’re doing it, what you want to do afterwards & who is funding it.

[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.

No, because capitalism.

[Anonymous]

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.

+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.

There’s PSLF for nonprofit hospital admins

please, most business grads don't major in it "to help people". And most hospital admins only care about profit even as the hospitals are nonprofit. Hospital admins don't actually care about the people it serves. They care about making sure the hospital is profitable.

btw, I was also a business major.

You missed the point.
“These people” will get student loans forgiven.

WTF are you talking about? No, they will not get their loans forgiven, especially the foreign HBS students.

The only way to get forgiven is to go into government for 10 years and do PSLF. But that seems to be a pretty bad ROI on an MBA from HBS.

[Anonymous]

Anonymous wrote:We don't want underemployed MBAs on the market. They will take away jobs from people who aren't qualified for other jobs or better pay. People need to stay within their earning power range.

Well, those are certainly some words. They are even organized to look like sentences.

Was this generated by chatGPT 0.1?

[Anonymous]

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.

+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.

There’s PSLF for nonprofit hospital admins

please, most business grads don't major in it "to help people". And most hospital admins only care about profit even as the hospitals are nonprofit. Hospital admins don't actually care about the people it serves. They care about making sure the hospital is profitable.

btw, I was also a business major.

You missed the point.
“These people” will get student loans forgiven.

WTF are you talking about? No, they will not get their loans forgiven, especially the foreign HBS students.

The only way to get forgiven is to go into government for 10 years and do PSLF. But that seems to be a pretty bad ROI on an MBA from HBS.

Nope, PSLF includes any nonprofit, including nonprofit hospitals and the admin jobs at them.

[Anonymous]

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.

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.

Don’t they have other options like working in research or working for insurance companies?

Of course they’ll have other options. They may have to pivot and hustle for a job at lower tier firms (bye for now PE!) but it will be humbling. They’ll have to be resilient and prove themselves in roles that they will think are beneath them. But if they can do that they will be fine - the cream always rises to the top.

I think you mean "the vulture scumbags always slither into some other shady way to make money."

[Anonymous]

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.

+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.

There’s PSLF for nonprofit hospital admins

please, most business grads don't major in it "to help people". And most hospital admins only care about profit even as the hospitals are nonprofit. Hospital admins don't actually care about the people it serves. They care about making sure the hospital is profitable.

btw, I was also a business major.

You missed the point.
“These people” will get student loans forgiven.

WTF are you talking about? No, they will not get their loans forgiven, especially the foreign HBS students.

The only way to get forgiven is to go into government for 10 years and do PSLF. But that seems to be a pretty bad ROI on an MBA from HBS.

A whole lot better than being unemployed.

[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.

Actually good. Maybe they will see how things have to change with respect to loans.

Yes I would say it to unemployed med school grads.

[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.

Sorry you couldn’t get in.

I got in and graduated when jobs were not good and i lived.