MBA v CFA

In a few short weeks, many financial services employees will begin the soul-crushing, life-sucking process of studying for Level I CFA exam given in December. So you that you don’t look back and realize you wasted 4+ months of your time on earth, most of you are probably hoping to pass. And sure, that’s a good goal. Cute, even. But if you want to really make a name for yourself and not be had by a would-be lawyer, you’re going to have to do better than that. Like going into labor during the exam better. Read more »

John Taft, the Chairman of the Securities Industry and Financial Markets Association and the CEO of RBC U.S. Wealth Management, said he’s hearing firms are planning to cut back due to the skittish market and softening economy…He said staff reductions will likely affect all levels—even those with years of experience and expensive MBA degrees. “I think the paper value of an MBA might be overstated,” said Taft. “For it to be useful, it needs to form part of a wider package of skills and attributes, and more than a mere credential next to your name.” Taft said on the job experience in the capacity to perform in the workplace is more important than whether or not you have your MBA. [CNBC]

Until 2007, investment manager Andrew Oberwager and his girlfriend Karolina Stefansi were a happy, highly educated couple in love. Oberwager was a PM at Columbus Circle Partners, who had earned the right to not only put the letters C, F, and A after his signature, but M and D as well, having graduated from Harvard Med school before getting into investing. Stefanski, left, was a former Playboy model from Germany, who had earned her journalism degree from Suffolk University (the $33,000 tuition for which Obes covered). Thing were good. Then MDCFA maybe supposedly started an affair with a chick from Texas he met online, a relationship Stefanski was not cool with even though it probably meant nothing to Oberwags (i.e. he didn’t put her through vet school) and she took it to mean that upon breaking up, she was entitled to write herself a check from his account for $80,000.

Stefanski…contends the blank check was for her personal use. She wrote it out for $80,000 when she decided to return to Germany….Attorney Kurosh Marjani is arguing, however, that Stefanski had no authority to write out a blank check for $80,000. The blank check was meant to pay for household expenses, Oberwager testified Tuesday

Also? He wants the $33,00 back, too. Plus interest. Read more »

  • 13 Jun 2011 at 12:35 PM
  • MBAs

Ladies Love Wharton, Harvard Business School

And the feeling is mutual. Read more »

  • 09 Jun 2011 at 3:49 PM
  • MBAs

Is This An Accurate Portrayal Of A Villanova MBA?

So, the performance you’re about to see is most certainly fake. But is there some truth there? Does Debbie, the graduate of Villanova business school and extreme cat enthusiast looking for love strike you as someone who’d fit in on campus, or would the character more likely be found at Wharton or HBS? Read more »

  • 03 Jun 2011 at 1:03 PM
  • MBAs

Good Luck To All

It’s CFA time tomorrow and we know everyone taking it is going to do great! And if you don’t, it’s not like this shit matters– just ask any of your MBA friends. Alternatively, think about it this way– becoming a Chartered Financial Analyst will spell the end of your budding pornography career. If you’re truly beside yourself with worry, just breathe and remember that as someone very wise once said, it’s about the journey, not the designation. Plus, we’ll be throwing a special pity party for the failures, so there’s that to look forward to. And because I know some of you are sensitive:

Read more »

They’re “thirsty” for those three little letters. Read more »