Zumbach, 28, who gets his MBA in June, got hit with a harsh economic reality. "The pay scales just aren't there and even the jobs aren't there, especially in the financial services sector," he laments.
Steve Gellert, who will be graduating with an MBA from Cornell University's Johnson School, found campus recruiting to be a bust. Many recruiters weren't looking for full time hires, so he had to turn to sites like Monster.com and Hotjobs.com."I've applied to 15 or so jobs and haven't heard back," he says.
"I was fortunate enough to have three full-time job offers, one with a major consulting firm, one with the Secret Service and one with the National Park Service," says Patty Foglesong, who is graduating from the Darden Graduate School of Business at the University of Virginia on May 17. She'll be taking a job at the park service as a business management specialist in the Intermountain Region Office in Denver.
"When I signed up for this thing to years ago I figured it'd be two years of jerking off that would culminate in landing sweet gig with a bloated salary, the only drawbacks of which would be fitting in the hours in my schedule to make stops at p-town," Bob Cobb, who will graduate from Harvard Business School this June said. "Now I'll be lucky if I can find work S'ing D for money."
"What recession?" Vincent D'onofrio asked. "I finish up my online courses at the University of Phoenix next week and start at Citi Sept 1. C-suite style. Plenty of time to max and relax."
MBAs See Bleak Landscape In Recession [MSNBC]






Posted by guest , May 12, 2009 3:49PM
Sheple. Make sure you checkout the on page advertising while you partake of this pointless debate.
Posted by guest , May 12, 2009 3:49PM
The Guy From Delaware
Posted by guest , May 12, 2009 3:53PM
meh
Posted by guest , May 12, 2009 3:54PM
"Recession"? That "green-shoots" crowd said it's over.
The Guy from Delaware
Posted by guest , May 12, 2009 3:56PM
So basically the only one hiring is the Govt? I'd ask wher ethey are getting the money but we all know the answer to that question.
Obama= Big huge govt and tax increases. yes it is much better we have a huge govt then private sect jobs...I wonder when Obam plans on changing the flag too.
Posted by dorothy , May 12, 2009 3:58PM
kids today will have at least 18 jobs in their lifetime so maybe it's best not to be obsessed with being a business tycoon after graduating business school. many kids go to business school to open, say, a yoga facility and use their business prowess to make a success of their yoga dreams.
entrepreneurs and out of work biz kids will like this site cuz it's young and funny! http://www.iget2work.com
Posted by guest , May 12, 2009 4:00PM
What!?!
You mean that when the people who bought the MBAs from the factory/b school a few years ago found out how shoddy the product was they didn't want to buy anymore!!!!!!
How dare they!!!!!
Posted by american bandersnatch , May 12, 2009 4:01PM
Major Consulting Firm or Park Service? Some key fact is missing. How the hell did she end up deciding to apply her hard won MBA skills to optimizing the mix of souvenirs and trail mix bars at the concession stand?
Posted by guest , May 12, 2009 4:02PM
what the hell is 'p-town'
Posted by guest , May 12, 2009 4:03PM
@10- pussy town. read a book.
Posted by american bandersnatch , May 12, 2009 4:05PM
@10 - cherchez la femme
Posted by guest , May 12, 2009 4:07PM
@15
Desperate times call for desperate measures eh?
Posted by guest , May 12, 2009 4:08PM
TGFD gives a mean rusty trombone.
The Guy From Delaware
Posted by guest , May 12, 2009 4:08PM
TGFD, all kidding aside, are you drunk today ?
Posted by guest , May 12, 2009 4:09PM
Madison Ave is the new Wall Street. Deal with it.
Posted by guest , May 12, 2009 4:11PM
@5 Thanks jerk off, spit coffee all over my computer
Posted by guest , May 12, 2009 4:12PM
@11 No, Provincetown - turd-burglar city.
Posted by american bandersnatch , May 12, 2009 4:12PM
@15 - I'd send in the marines.
Posted by guest , May 12, 2009 4:12PM
b-school grads are giving rusty trombones cause of the economy? dogs and cats living together?
Posted by guest , May 12, 2009 4:12PM
@20: Why the fuck would Madison Ave be immune from the downturn? You dumb douche.
Posted by guest , May 12, 2009 4:13PM
what the hell is 'p-town'
Posted by guest , May 12, 2009 4:14PM
@21- PUSSY TOWN. The town of pussy!
Posted by guest , May 12, 2009 4:15PM
See, if all you clowz went to Boof, you'd already be gittin paid!!
Posted by guest , May 12, 2009 4:17PM
Why are all the comments getting fucked up? Are you deleting them Bess?
Posted by Lowly Assistant , May 12, 2009 4:17PM
Why does the poor Italian have to be the one from PBS, Levs?
-Ti amo con tutta l'anima
Posted by guest , May 12, 2009 4:18PM
cause finance is done: DB's readers will be reduced to giving away free toasters and signing up checking accounts within 2 years. The long only model is broken. Sov Wealth do not and should trust us.
The real money going forward will be figuring out how to get chinese people to drink more SBUX, not buying the crappy residual earnings stream on an economy that doesn't have any reason to grow.
Posted by guest , May 12, 2009 4:18PM
#8 - 100k base, fat pension , total job security from union, all sorts of benefits and holiday loadings , free accomodation in a vacation spot.
Its the age of Obama dude. those who live off taxes are better off than those who pay them.
Posted by guest , May 12, 2009 4:20PM
I think Becky Quick is from Pusstown. At least thats the way I like to think about it.
Posted by guest , May 12, 2009 4:20PM
@21 Provincetown, known as P-Town, is an openly gay destination on the East Coast and is located in Cape Cod.
And the answer to your yet unasked question or comment is, no, I am not.
Posted by guest , May 12, 2009 4:22PM
bob cobb...aka "the maestro" on seinfeld?
Posted by guest , May 12, 2009 4:24PM
@27 I wish you were full of shit, but alas...
Posted by guest , May 12, 2009 4:24PM
lowly-- he's not a poor italin, he's a working actor on law and order!
Posted by guest , May 12, 2009 4:25PM
@29- somehow I don't think that was bess's intention.
Posted by Clown Capital , May 12, 2009 4:26PM
You're mad cause my style you're admiring,
Don't be mad...UPS is hiring...
- Notorious B.I.G.
Posted by guest , May 12, 2009 4:26PM
CplHicks@#15...
"Aliens", one of TGFD's favorite movies.
BTW, Delaware has a new reason to tout its "First-State" moniker. Not a good one, though.
Delaware has the highest budget deficit in % terms of all 50 states. $789 million. That represents about $1K per resident and over 20% of the upcoming 2010 FY budget.
State law requires balance by June 30th without exception. Problem is, every week the deficit gets bigger. 6 weeks ago, it was $630 million.
What are we to do?
@#15...TGFD will pass your idea along to Biden and to the governor. You might be onto something there.
The Guy from Delaware
Posted by guest , May 12, 2009 4:27PM
@ 33 - The last part of that particular quote was "Now I'll be lucky if I can find work S'ing D for money.", so I believe it was.
Maybe the name did not give it away enough for you either...
Posted by guest , May 12, 2009 4:30PM
29 If you are, there's nothing to be ashamed of.
Posted by american bandersnatch , May 12, 2009 4:30PM
@27 - God I hope you're wrong but I fear you are right.
Posted by guest , May 12, 2009 4:31PM
I recently graduated and I am really stressed out dealing with the reality that my degree and career will be obsolete with the next two years. No way to make enough money to pay the bills working in an entry level finance job, especially when the old folks with experience are willing to work for the same amount of money now. It'll be a few decades before this job market improves in finance. Need to figure whether bartending or heating & air conditioning will be a better career move now.
Posted by american bandersnatch , May 12, 2009 4:32PM
Why'd they delete 15's Aliens quote? It was classic.
Posted by guest , May 12, 2009 4:32PM
This article is complete bullshit. During the bubble lots of dimwits with no quantitative skills whatsoever were landing jobs in top IBs because demand was through the roof. Now that bubble has burst, only the most qualified will land jobs. That's how it should be. Financial services was long overdue for a correction. I'm sure these losers who accept jobs with Park Services were at the bottom of the class anyway. Top students from top schools don't have any problems. Some bitch from Oklahoma Christian College didn't get an offer from Blackstone -- big shocker!!!
Posted by guest , May 12, 2009 4:33PM
@40- "Top students from top schools don't have any problems. " completely fucking wrong.
Posted by Anal_yst , May 12, 2009 4:35PM
Alas, @27 is spot-on.
Anyone interview with the SEC/Treasury recently?
Posted by guest , May 12, 2009 4:37PM
39 Before you go hanging yourself, you should realize that this has happened before. 1974, 1982, to a lesser extent 2003, were all terrible years to be entering the labor force. Things though worked out. Careers never follow the well defined road that finance people (who tend to be more anal than most) seem to expect. If you have smarts and a little bit of patience things should work out in the end. Not as well as if you graduated in 2005, but will def work out. Look on the bright side - rents in NY are now lower than they have been in years. Manhattan is now going for close to Astoria prices.
Posted by guest , May 12, 2009 4:38PM
40 -- Thank goodness now only the most qualified quants will be modeling mortgage default rates. I think their new "stress tests" will work out just fine.
Pfluger
Posted by guest , May 12, 2009 4:38PM
40 - I do agree with you that Wall Street (bulge brackets, PE, HF, boutiques, and mid-market - yes, ALL of them) accepted too many unqualified people. What we are seeing now is just a correction. Those who have the talent will stay in IB, either with current firms or will pick up somewhere else.
Posted by guest , May 12, 2009 4:40PM
Is it true that Asians are better at math than Mexicans?
Posted by guest , May 12, 2009 4:40PM
@40 Did you say Okie Christian U?
http://photos.oc.edu/gallery/817622_98dbg#36451382_DVcvj
http://photos.oc.edu/gallery/949958_SzKsx#43626908_MsaKC
and THAT is why they won't be at Blackstone
Posted by guest , May 12, 2009 4:43PM
Guest@#14...
Most of the TGFD posts were written by imposters. Previously, #15 wanted to "nuke Delaware from orbit".
Perhaps in thinking that TGFD is still dead, the imposters have gone crazy with grief and are now taking TGFD's good name in vain.
As Jesus said, "They know not what they do."
The Guy from Delaware
Posted by Lowly Assistant , May 12, 2009 4:44PM
OH FUCK YES!
http://photos.oc.edu/gallery/949958_SzKsx#43626910_mMJLZ
Posted by guest , May 12, 2009 4:44PM
@40: Spot on. When the top 10-20% at Chicago don't get offers give me a call. This is not news.
Posted by guest , May 12, 2009 4:47PM
46 Time for a reality check on the kind of talent that Ibanking requires. It involves repackaging the same idea over and over, so the smartest guy in the room is not necessarily the best. Success comes from being able to pry revenue from clients. That means you deal well with people, dont cave under pressure, look and sound good and have an acceptable school on your resume, for when the client peeks at the bios in the pitch book. You're going to use anything that you learned, beyond what you could also have learned (example: bond math) by simply attending the evening MBA program at St. Johns.
Posted by guest , May 12, 2009 4:50PM
i cant imagine why anyone would hire a class of '09 person. for whatever opening you might have, you can find someone who is doing that job right now, or up until being laid off weeks ago. there is no reason to hire someone you have to train, unless it is just because you are an alum who wants to be loyal to your school.
bschools need to cut back on tuition because comp isnt going to support the loan payments. why would anyone take two years off work, and take on $100k+ in debt in this market?
Posted by guest , May 12, 2009 4:50PM
@52: You're a dumb fuck, who lacks reading comprehension skills. #46 said "Those who have the talent will stay in IB..." There was no mention of the word "smart."
Posted by guest , May 12, 2009 4:53PM
@52: Nice try. Is that what they fed you at St. John's orientation?
Posted by guest , May 12, 2009 4:53PM
New graduates should go to work and serve their country instead of getting an IB job and financially destroying their country.
Posted by guest , May 12, 2009 4:56PM
@40 & 51
You really believe the dopes from U Chicago, harvard and yale are smarter than everyone else? Where exactly did all the politicians and CEOs that lent money that should never have been lent go to school? Who built businesses on the belief that asset prices would continually rise, and who is getting canned left and right at IBanks? It certainly isn't the Oklahoma Christian grad who never worked there in the first place.
Posted by guest , May 12, 2009 4:57PM
@53 -- Anyone who takes on a 100k debt going to a TTT B-School already shows a complete lack of business acumen. Don't feel sorry for idiots.
Posted by guest , May 12, 2009 4:57PM
@56, by going to work and paying outrageous taxes, you ARE serving your country.
Posted by guest , May 12, 2009 4:58PM
"I've applied to 15 or so jobs and haven't heard back," he says.
What a crybaby
Posted by american bandersnatch , May 12, 2009 5:00PM
@59 - For profit businesses are evil. Everyone should work for the goverment or not for profits. How much better would the world be ...
Posted by guest , May 12, 2009 5:04PM
@41 - AB
I think I must have annoyed Bess. That was me @1 so ... it's all good.
Posted by guest , May 12, 2009 5:04PM
@57: Have you ever heard of the phrase "economic bubble"? Grow up. This shit happens, and will continue to happen. It's embedded in the system. Worry about yourself and stop blaming other people for your shit life.
Posted by guest , May 12, 2009 5:05PM
as a top business school graduate I fully agree that it's a waste of time and money for the most part.
spend the 100K on blow, hookers, and travel around the world. it makes a lot more sense
Posted by guest , May 12, 2009 5:05PM
The business school I attended did not offer the "S'ing the D" elective. Is this something that I can learn through on the job training?
Posted by guest , May 12, 2009 5:07PM
MBA from Oklahoma Christian Community College is still better than a CFA!
BOOM
Posted by guest , May 12, 2009 5:13PM
At least Bob Cobb should be able to fall back on those Cobb salad royalties.
Posted by guest , May 12, 2009 5:15PM
What's wrong with having a CFA? Has anyone with a CFA had trouble getting a job?
Posted by guest , May 12, 2009 5:16PM
You guys are fucking morons, p-town is not province town in this context. It is pussy-town.And has been used by Bess in previous posts as well.
BTW the last two quotes are fucking hilarious, nice work Bess!
Posted by guest , May 12, 2009 5:17PM
#39 - your B school education does not equip you to do HVAC work. Better go with bartending. Can you operate a tap?
Posted by guest , May 12, 2009 5:17PM
65 Yes. Either on a weekend trip to P-town, a day trip to Fire Island Pines or even a lunchtime visit to the steam room at Equinox.
Posted by guest , May 12, 2009 5:19PM
69 Uh, NO! Provincetown it is - see the reference to s-kng d!!k for money, which is def gay.
Posted by guest , May 12, 2009 5:21PM
@72, UH...if you was gay he would LIKE s'ing D for money, he wouldn't speak of it as if it was the alst thing on earth he'd want to be doing.
you fail
Posted by guest , May 12, 2009 5:22PM
@58 FTW
Posted by guest , May 12, 2009 5:25PM
73: 72 back again. Got it. I now see your point. I think though that this one could have been written better. You shouldn't have to practically diagram the sentence to understand the humor.
Posted by guest , May 12, 2009 5:33PM
68 Since getting my CFA my career has rocketed. Just kidding. The reality though is that it has helped. Downside? Some time that I would have otherwise wasted was spent on study and preparation. My advice is to go for it. The haters come up with a lot of excuses, but I think it basically comes down to a real fear of failing. BFD - at least you tried.
Posted by guest , May 12, 2009 5:34PM
@75, 73 here.
sorry i said you fail.
Posted by guest , May 12, 2009 5:35PM
@75- nah, you just have to not be an idiot.
Posted by guest , May 12, 2009 5:48PM
@ Lowly - re your post on #50 - great find. You're keeping your standards up on this piece of research. Elephant shot is awesome. Chick in the green sweater is an ok fallback if you can't bag the big game.
Posted by guest , May 12, 2009 5:50PM
@59 - When you produce something of value you serve your country. When you destroy somthing of value to serve yourself you are serving yourself(thought I'd better point that last bit out - considering what I've read here).
Posted by guest , May 12, 2009 5:51PM
p-town is pussytown, not provincetown. if Mr. Cobb were gay he would welcome S'ing D.
Posted by guest , May 12, 2009 5:57PM
@64 Your spot on. And at the end of it all you could probarbly do a better job in finance too.
@81 Your reasoning is remarkable. You must be one of those really smart guys. This place reeks of genious.
Posted by guest , May 12, 2009 6:00PM
@82- less (attempted) zingers, more spelling lessons. "probarbly"? "genious"?
Posted by guest , May 12, 2009 6:02PM
@63
57 here
Oh. I didn't realize that bubbles materialize out of thin air.
Bubbles happen. Gosh I didn't know that. Thank you for the insight. You would figure the dopes who go to Ivy-Bschools would at least have been able to predict it. What are you paying six figures for if you can't do that?
Posted by guest , May 12, 2009 6:11PM
@84:
Give it a rest, numbnuts. The point is that bubble are gonna fucking happen no matter who's in charge; that's hardly a case for not hiring top students from top schools. No one ever said if you went to Chicago you can predict the future.
Laterz, chump. I'm off to inflate the next bubble.
Posted by guest , May 12, 2009 6:25PM
CFA = Complete Fucking Asshole
Posted by guest , May 12, 2009 6:44PM
@85 - You might hope to predict the inevitable though.
Posted by guest , May 12, 2009 6:46PM
@83 I like to try and give something to everyone.
Posted by guest , May 12, 2009 7:03PM
@82 is hooked on phonics
Posted by guest , May 12, 2009 7:27PM
@87 -- Because a couple of ugly Mediterranean guys were screaming "housing bubble" for a decade doesn't mean shit. Greenspan, Bernanke, even every liberal's fave, Krugman, didn't call this. I'd hardly call some young graduates working on Wall Street "dopes" because they didn't predict the end of the bubble. And theoretically, even if an employee did spot this, what was he supposed to do? Stroll into Dick Fuld's office and order him to get out of the mortgage business? Give me a break. Do any of you actually work on Wall Street or are you all just trolls?
Posted by guest , May 12, 2009 7:29PM
Actually #66, a CFA doesn't have negative value so you're wrong.
If I ever saw a resume cross my desk with a questionable business school on it, that would raise some serious questions. A CFA I'd probably think they're a tool but then probably forget.
The only time an Oklahoma Christian MBA (if it even exists) can help someone is when they went someplace worse for undergrad. I'd take a guy from DeVry or UPhoenix over him anyday.
Posted by guest , May 12, 2009 7:31PM
@91: Yes, "questionable" things do raise "questions."
Idiot.
Posted by guest , May 12, 2009 7:43PM
@77&78 - get a room.
Posted by guest , May 12, 2009 7:54PM
@ 41
agree. let's look at the facts: current Booth class is sending (at least) 3 people to Blackstone- 1 hedge, 1 sell-side, another perhaps in some mezz crap. another friend of mine is doing long-only ('mutual fund'), all-in comp 1st year ~ to bubble 1st full year (*not* stub) IB associate. tons of mongoloid chicks are working for McK, etc. and the aforementioned students are not the absolute "top". HBS: guys with prev. top-tier exp in IB/PE are going to HFs, mid-tier IB/PE going into 'general mgmt' jobs (hello, J&J), those with no fin exp but rather, say, engineering are getting completely hosed and not even getting interviews- these guys are going to "epically boutique" firms.
@64
completely agree, especially if you have deal exp. and when the 'thrain' shall meet...
Posted by guest , May 12, 2009 7:57PM
forgot to sign off
-- 94: PE, not Boofie
Posted by guest , May 12, 2009 8:21PM
@90 This was more then a simple housing bubble. You don't need to know exactly when it will end to know that it will end and therefore it is bad to build a house of cards on top with the ability to take down your firm.
But reality is never so straight forward. What would an individual do that spotted this? It always amazes me the level of innocence professed. Surely plenty of people could see where this was heading but self interests the the herd like mentality of the industry carried it towards its inevitable conclusion.
And then the government stepped in and that is where the real problems began.
Posted by guest , May 12, 2009 9:01PM
In other news:
http://www.msnbc.msn.com/id/30642824/
Brilliant!
Posted by guest , May 12, 2009 10:28PM
94- Interesting info. There's only one reliable way to get really, really rich as an employee, and that is to work in an industry that is experiencing a bubble. It looks like some people are learning that their conventional instincts aren't paying off now that the firms where they might have worked are out of favor.
Posted by guest , May 12, 2009 11:10PM
@98
also: MIT women w/ no exp. in finance getting gen. mgmt jobs across the country. part of this is quota/diversity stuff; most is just that of course there are well paid jobs out there, they are just mostly going to M-7 schools (M-7 being the moniker used only by Booth/Kellogg/Sloan/CBS folks as they try to 'pull to par' to HBS/W/Stanf, as the latter 3 never use the expression).
Posted by guest , May 12, 2009 11:17PM
100th
HAHA you should have done the CFA, its better than a MBA!
Posted by trojan , May 13, 2009 12:23AM
i used to think once i'd killed it enough i'd be able to donate to the next presidential campaign, land an ambaassadorship to Australia, buy a minority stake in the Knicks, and just chill. now the best i can hope for is a consulate in Canada and owning the New Britain Rock Cats. life sucks.
Posted by Lowly Assistant , May 13, 2009 12:41AM
Trojan,
What, are you a terrorist? Aim high, pull the trigger, and fire into the dusk, man. Kill three birds with one stone (face it, Sydney is a push-over).
http://www.baseball-fever.com/showthread.php?t=86505
P.S. Go Mets.
Posted by Novice , May 13, 2009 12:54AM
@94 Even the hot undergrad who had internships starting soph year with LEH is going to McK. It's a goddammed shame, almost up to par with 101's shattered dreams.
Posted by guest , May 13, 2009 5:08PM
101 is truly a tearjerker. But nothing some online porn can't fix.
Posted by guest , May 13, 2009 6:43PM
@57
Yale? Learn to read, buddy. No one has mentioned "yale" and "top mba" in the same sentence. yale mba is not like yale undergrad. yale mba grads could not get in to Stern. Or even Boof. losers all.
Posted by guest , May 14, 2009 12:44PM
105 agreed
yale SOM = den of losers hoping the people they meet after business school have no idea that yale SOM admissions is the exact opposite of yale undergrad admissions standards.
Posted by guest , May 15, 2009 2:42PM
Yale SOM is listed in the top 25 b-schools in the world in almost every ranking.
The admission rate was 14% last year, which isn't that far off their undergrad admission rate.
In other words, you morons don't have a chance.
Posted by guest , May 15, 2009 3:00PM
Yale SOM is listed in the top 25 b-schools in the world in almost every ranking.
The admission rate was 14% last year, which isn't that far off their undergrad admission rate.
In other words, you morons don't have a chance.
Posted by guest , May 15, 2009 4:32PM
Top 25? Do you even have any clue how far down the b-school gene pool you're going by the time you get to 25? Or even 20? Or even 10? Clearly not, because you had to go to Yale SOM!!!
Yale SOM is listed somewhere next to Univ of Texas (no disrespect to UT; you guys didn't beat Yale this year but always have hands down in years past. I am sure that was an addition error by a Yale SOM grad who couldn't work the @SUM function in his spreadsheet while tabulating polling responses). No one applies there who has ANY self-respect. Amazing that they even have an admissions process.How funny that it took like 2 days for even one pathetic yale booster to appear! And learn to post buddy...I know you're busy wiping off that counter, but please do try and embarass the Yale SOM-ers a little less. Anyone have Yale vs UT or Chico State GMAT scores please post 'em here.
Posted by guest , May 16, 2009 3:18PM
got a question for the folks out there (plz take it easy on me) - i currently work as a programmer at one of the big 2 banks in their deriv business, and have a cfa. i m gonna go to b-school this fall - any thoughts on what my chances are at being able to pull a career switch and finally become a real revenue-generator post mba? Also if it helps, i m an H1-b
Posted by guest , May 16, 2009 3:20PM
@110 here again - Forgot to mention - Gonna attend Boof in the fall
Posted by guest , May 16, 2009 7:36PM
GUEST@#110/#111...
H-1B Visa work-authorization is strictly limited to employment by the sponsoring employer.
Post-MBA, will there be a "revenue-generating" place for you at your sponsoring Bank?
TGFD is not in the finance business, but I am in the "revenue-generating" business, and I have been for many years.
Salesmanship is the one most important "revenue-generating" skill that you will ever possess. You can learn it, but if you don't already have the personality and the proper instincts, you will be mediocre, and no MBA is really going to help you.
To be a "revenue-generator", you need to deal with people. If they don't like you, they're not going to buy whatever you're selling.
TGFD is a master salesman. My TGFD persona is just that...a persona.
The Guy from Delaware
Posted by guest , May 18, 2009 11:25AM
@109
I didn't go to YSOM. I am 23 and an analyst for a mid-market ibank in New York.
That said, I wouldn't have a problem going to YSOM for my MBA and there is no way someone as dull as yourself attended a school of higher ranking.
Oh, and I got those GMAT scores you were looking for:
YSOM: 718
Stern: 708
HBS: 725
Wharton: 715
Do some research before you run off at the mouth.
Posted by guest , May 18, 2009 1:48PM
@113 You're totally right! The top tier should really be Yale/Chico State/Rutgers! What is this Harvard/Wharton/Stanford crap? Who would go to Harvard or Stanford or Wharton when you can go to Yale SOM? What was everyone thinking? Indeed you are headed for an MBA at Yale SOM. That is exactly where you belong. Right in line with the shit-tier IB job you have. I don't know where you managed to come up with those GMAT scores, but they look wrong. We were looking for the real ones.
Posted by guest , May 18, 2009 4:43PM
Yale SOM = Yale School Of(MBA)Merde
Posted by guest , May 18, 2009 4:43PM
Those GMAT scores aren't hard to find. They are in the "Class Profile" section on the school websites.
"They don't look right" is what your dad said about your balls last night before he fondled you.
Posted by guest , May 18, 2009 4:45PM
@114
PWND
Posted by guest , May 18, 2009 4:50PM
@114
"shit-tier" is where the money is. Get out of your mom's basement and get a job.
Left MS after 3 years there about two months ago to join a middle market firm on the west coast and I couldn't be happier about my decision and my REAL fucking bonus.
However, I wouldn't go to SOM.
Posted by guest , May 18, 2009 5:41PM
118, agreed. The only firms paying real bonuses these days are mid-market and boutiques - what most douchebags would call "shit-tier."
Idiots...
Posted by guest , May 18, 2009 5:59PM
119 yeah but this guy is a second-year analyst who graduated in 2007. Meaning 2006 recruiting process during the boom, when the bulge bracket was still the bulge bracket. Boutiques/smaller firms which are now getting some modicum of respect for the first time did not enjoy it back then. you only went to those places if you couldn't get an offer from a real bank, and every single person knew it. I don't think it's a matter of anyone being a jerk. shit-tier sounds accurate.
Posted by guest , May 18, 2009 6:07PM
@120
118 was at MS in 2006 and 113 graduated last May.
Either way, boutique is looking like the best option at this point.
Posted by guest , May 18, 2009 6:45PM
@120 - 119 here...oh I agree with you, if you've been at a boutique for longer than 2-3 years than yeah, you probably couldn't get a job at a real bank. A banker's past (via pitch book bio or resume) will always show when someone joined a boutique, and if they don't have at least some time at larger IB shop, chances are they never got hired or could have made it in real IB.
What I was trying to say that boutiques today are filled with former bulge bracket guys from more respected shops, and in today's environment and the foreseeable future, boutiques are probably the place to be, and shouldn't be looked at as "shit-tier" anymore.
Disclaimer - I am fortunate to still have a job at a BB, but a few of my former colleagues have joined boutiques beginning in late 2007. Not only did they get pretty nice bonuses, but their offices are filled with former Lehman, ML, MS, BofA, Citi, etc.
Posted by guest , May 18, 2009 9:58PM
@121 120 here...If 113 graduated in May 2008 then my comments about him unable to land a bulge bracket job is on point. The only people who were BB talent and elected to join boutiques given the change in the market would be those graduating in May 2010 (maybe those in May 2009, although that is a huge question mark since if you were going to a boutique you would most likely have summered at a BB in 2008 and accepted an offer in the fall..unless you didn't get an offer, or never got that internship)..
Posted by guest , May 18, 2009 10:07PM
120 here... the term "shit tier" applies to 113 because clearly that's where he is; he recruited into it..does not apply to former BBs who had to go that route through no fault of their own. seriously, do you know anyone who's a top-tier banker who would defend SOM...I don't. we laugh at that school
Posted by guest , May 19, 2009 7:54AM
SOM is just an different creature.
Fairly difficult to get into, but garners almost no respect.
@113
Don't listen to these jokers, they likely aren't even in the industry, most people on this site aren't.
Posted by AndrewInGreenwich , May 19, 2009 8:24AM
Who the fuck is getting an MBA?
Go to a real undergrad school and there is no need.
DONE.
Posted by guest , May 19, 2009 12:48PM
SOM is a real embarassment to Yale. It is like Cornell's Johnson School. Good umbrella school, ridiculously bad business school. Students tend to match the reputation.
Posted by guest , May 20, 2009 6:37PM
can we please go back to arguing over Columbia vs Boof..at least those are respected business schools.