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Reply to "If most careers require grad school does where you get your 4 year degree really matter?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Other than Ivy schools, why does it matter what 4 year you attend[b] if most people need a graduate degree[/b]? Also, if you don't go to grad school what benefit does a higher ranked college get you? Really curious because I feel like I am missing something?[/quote] 61% of all CEOs have nothing more than a bachelor's degree. Most people get to very senior levels without a graduate degree. My kid works for a tech start-up where 1/2 the company doesn't even have an undergraduate degree including one of the founders (and of course there are tons of famous founders without an undergraduate degree). [/quote] DD is at an Ivy and was telling me something similar recently. Most of the people she’s connecting with in the fields she’s interested in have top-tier undergraduate degrees but no graduate degrees.[/quote] Uh. Because that job/sector does not require grad or professional school to get the job. Law, medicine require the JD or MD. Ivy professor requires phD. Many tech research jobs hire phD not bachelors. Many jobs require MBA. Undergrad only works for some areas, but not for others. Mine are at ivies and their goals are going to require a doctorate, as are the goals of their friends[/quote] [b]There is not a single job that requires an MBA.[/b] That used to kind of be the case like 30 years ago in say PE or even moving up in IBanking, but it has been declining ever since. Your entire list of careers above is a very small percentage of the workforce. I hope you realize that the vast majority of lawyers are deep in debt with terrible job prospects. Only a small fraction of all lawyers work for BigLaw. Your Ivy kids clearly aren’t in areas with great career prospects…just because they chose such a path, doesn’t prove anything.[/quote] DP but the bolded sentence is not even remotely true. You only have to have looked for a job or at a job posting above mid level in the last (insert any period of time here) and you will know that.[/quote] It is even remotely true…sorry, you weren’t capable of moving up through a company to achieve that position, or achieved in the real world. I and friends have become PE partners, investment banking MDs and co-founders, major consulting firm global managing partners…without any graduate degrees. [/quote] Haha this has nothing to do with me, I have a master’s degree in something else and a CFA, and do just fine in portfolio management. Where there are also tons of MBAs and where “MBA or CFA required” is a common part of the job descriptions. Just like amongst I-banking MDs. But keep pretending like you know what you are talking about, and keep pretending like you are successful. Your second paragraph is a massive tell.[/quote] Haha...you actually revealed yourself to be quite the professional failure. However, a CFA is of course very different from an MBA and obtained by low level equity analysts that barely exist anymore. Considering JP Morgan is upset about their analysts (all just undergrads) getting poached by Blackstone and others to be P/E associates in two-years time (hence, eliminating JP Morgan the opportunity to promote them through the ranks), even before they have stepped foot in JP Morgan after graduating from college, just proves you are a crusty fool that couldn't hack it. Hey, Vanguard manager...go back to creating another ETF and stop wasting your time on DCUM.[/quote] This is hilarious and you have no idea how badly you just gave yourself away. People are constantly trying to make the jump from the sell-side to portfolio management roles, whether at hedge funds or mutual funds. And yes, except for some experienced traders making the jump to a hedge fund (or, these days, some quants depending on the fund), these jobs are always MBA or CFA required. This isn’t some secret, there is a constant flow from the sell-side to the buy-side. The fact that you think CFA = low level equity analyst shows how clueless you are about finance. And then your one example for your position is the recent Jamie Dimon comments that were posted about on here, because you have no real world experience of your own to draw from. Don’t worry, when your internship is done you might learn all of this if you manage to land a full-time position.[/quote]
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