Best business schools for investment management

bromion Wrote:
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> You people are on drugs. MBAs are not a cure all
> for your career. Every year, lots of people try to
> switch careers and fall on their faces. Every
> year, lots of people, even with good experience,
> try to get a job at Goldman or SAC and fall on
> their faces. Going to a top business school is not
> going to give you a permanent one way ticket to
> the fictional land of puppy dogs and rainbows that
> will nourish your soul forever and ever. In a
> recession, it’s worse still.
Bromion, no one is saying that b-school is the panacea of life’s problems.
But here’s what a top MBA can do for you and the reasons why so many people want to go. First and most importantly, if you want to make a switch into a different field, there is NO better way to go about this than attending a top MBA program. A teacher or an engineer who wants to go into strategy consulting, can easily get interviews at top consulting firms once he’s at one of those schools. Or with my situation, I want to go into IM, and there’s almost no way i’m gonna get an interview at a place like wellington or capital group in my current state. Going to a place like wharton or booth will open doors that i otherwise cannot.
And the social benefits and memorable life experiences are something you shouldn’t discount. Virtually every student has told me that b-school was the best 2 years of their life. They were able to travel and do things they otherwise couldn’t and forged lifelong friendships and networks.
A top MBA program is worth every dime.
 
^^^Worth every dime for the right person. What if I’m a PM making $1mm a year?
BTW, you never said if you are a nerd, jock, musician or combo. That is really the key consideration.
 
brain_wash_your_face Wrote:
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> ^^^Worth every dime for the right person. What if
> I’m a PM making $1mm a year?
>
> BTW, you never said if you are a nerd, jock,
> musician or combo. That is really the key
> consideration.
I lean more towards the dorky type but loves football, poker, girls, and going out. I want to be around certain types of people, and going to business school is the best way to go about that.
 
I agree that a top MBA is someone’s best shot at changing career’s.
But that person has to realize, even though it is their “best shot”, it’s still a very difficult shot and the odds are still not in their favor. But are probably higher than before on an absolute basis.
 
I am looking at going for a top 10 MBA in the next few years. I want to get a little more experience and volunteer work under me to enhance my chances. For me, I think it would be worth it considering my pay right now is pretty darn low which mean the opportunity cost of doing it is not that large. Also, the potential jump in income afterwards and more opportunities would be great.
 
Background is being overlooked here. As an example, some friends from my business school years include: a son of a Fortune 60 company’s CEO, a West Point alumnus who had jaw dropping jobs in the military prior to the MBA, a nice Chinese gal who was really corrupt but brilliant, a Russian Math freak, to name a few. We couldn’t be any more different, and as a result, how we were perceived by prospective employers varied a lot. So the job market is good or bad depending on who you’re asking, even among members of the same class.
Overall, as bromion suggests, even top three MBA programs are better suited in my opinion for people who still don’t reach a significant income level. As an experience, it’s indeed hard to beat.
To be honest, I admire people who don’t need graduate degrees to make a lot of money.
 
Inner Evil Voice Wrote:
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> Overall, as bromion suggests, even top three MBA
> programs are better suited in my opinion for
> people who still don’t reach a significant income
> level. As an experience, it’s indeed hard to
> beat.
This is a good post. It’s not that MBAs are worthless by any stretch, it’s just that a lot of people think they are the end all, when in fact for most things they are not (but they do hold some value for a lot of things, and a lot of value for some things). Extreme credentialism runs high in our society and on AF in particular, and I think a lot of people could be disappointed when they realize that they are not set for life just because they decided to spend two years acquiring basic finance knowledge while paying $200K for the privelege of not working.
 
bromion Wrote:
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> basic finance knowledge
$200k is well worth building a few CAPMs and developing intangibles the like of referring to a hook-up as an ‘arbitrage.’
 
mar350 Wrote:
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> bromion Wrote:
> ————————————————–
> —–
> > basic finance knowledge
>
>
> $200k is well worth building a few CAPMs and
> developing intangibles the like of referring to a
> hook-up as an ‘arbitrage.’
Touche. I agree with the last one especially. Although few spontaneous hook-ups are truly “risk free” (who knows what sort of unsystematic risks you might encouter during the transaction).
 
Inner Evil Voice Wrote:
——————————————————-
> Background is being overlooked here. As an
> example, some friends from my business school
> years include: a son of a Fortune 60 company’s
> CEO, a West Point alumnus who had jaw dropping
> jobs in the military prior to the MBA, a nice
> Chinese gal who was really corrupt but brilliant,
> a Russian Math freak, to name a few. We couldn’t
> be any more different, and as a result, how we
> were perceived by prospective employers varied a
> lot. So the job market is good or bad depending on
> who you’re asking, even among members of the same
> class.
>
> Overall, as bromion suggests, even top three MBA
> programs are better suited in my opinion for
> people who still don’t reach a significant income
> level. As an experience, it’s indeed hard to
> beat.
>
> To be honest, I admire people who don’t need
> graduate degrees to make a lot of money.
Wow. Your business school classmates sound really interesting. It’s hard to meet those kinds of people where i’m at, hence one advantage of going to a top MBA program.
 
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