Reply to full ride at ND vs full pay at Wharton

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I see this a lot at our private and don't really get it. I think people can't turn down some of these schools even if it's the right thing to do.

I spent 27 years in IB. I think the wall street game will be very different for our kids. Some will do well, for sure, but not quite as sure a path.

With real estate prices the way they are, I think the surest way to set up your kid is to get them into a starter apartment or house by the time they're 30. I live in NY and I've seen even pretty well off young couples priced out in the last decade. (Our generation got lucky with housing).

Also the ND network is for real - those kids don't lack job offers and once you're in any job, it's about the kid not the school.

I have more than 4mm net worth and would take the full ride and park the money for a 30-50% down payment in 7-10 years.[/quote]How can you spend 27 years in IB and have just 4M in net worth?[/quote]

Well, you can spend most of your career on compliance/back-of-office roles.  Honestly, I don't know any client-facing bankers that spend 27 years in IBanking because you have made so much money along the way, you just decide to do something else...the only ones that stick around that long move into management roles at a bulge bank.[/quote]

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