Reply to Anyone have insight on Pomona for “high” finance?

Forum Index » College and University Discussion

Reply to "Anyone have insight on Pomona for “high” finance?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

“some interest in pursuing a career in hedge funds” 🙄[/quote]

Sorry, what’s the problem with this?[/quote]

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. [/quote]

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

I used to work in the industry so thino what you want. [/quote]

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.

[/quote]

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

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).[/quote]

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?[/quote]

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.[/quote]

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.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics