For those of you currently debating whether or not obtaining a CFA charter is worth flushing several years of your life down the toilet, I’d like you to consider one thing. When and if you finally do pass that third exam do you want the institute to own your ass? Budding pornographers, erotic novelists and really anyone with a taste for the finer things in life should think long and hard. Nickolas Keith Gustafsson (pictured) knows what we’re talking about. From the March/April CFA Magazine/Journal of Shame:
MBA v CFA
Gang, I want you to meet Ben Bloomfield, a first-year at University of Virginia’s Darden School of Business. Why is Ben so excited to be holding a phone to his face that presumably has no one on the other line? I’m guessing it has to do with the fact that Ben’s pretending his new colleague, Brian Moynihan, is on the other line, talkin’ deal-making, acquisitions, and lunch with Angelo Mozilo, cause Mr. Bloomfield? Just scored himself a summer internship at Bank of America. This is apparently not an isolated incident: Kwame Yankson, who last year had to settle working for an education nonprofit organization but come this June will be able to proudly tell people he’s a member of the Wells Fargo team. And they’re not alone.
With banks climbing out of the recession, more business students across the country are finding banking jobs and internships, enrolling in finance clubs and going on class trips to Wall Street, universities say. “The banks this year kept saying, ‘It’s a good year,’ ‘We just approved a lot of hiring,’ ‘The market is clearing up,’ ” Mr. Yankson said. “It was a completely different experience.”
Exciting! But how do these MBA’ers deal with their peasant friends who just don’t get it? Read more »
Are you among the happy 34 percent? What will you be doing to celebrate? Buying the Level II books? Not as lucky? Feeling like you just threw away the last four to six months of your life? Want to get angry? Want to make someone pay? Let it out, here.
Not because you think you passed (you probably didn’t?), but because it’s over and you don’t have to think about this thing again for a few months, at which time you’ll receive your results and either a) slit your wrists or b) decide to give up another million hours of your life for the next level, all in the pursuit of adding three little debatably valuable letters to your b-card (when you should really just add SMD and be done with it). Here’s freak-out boy’s recap of the day:
I took it in Boston, and let me tell you, it was rough. It all started with the setting: The Boston Convention Center, where a decent cup of coffee has never been heard of. There was a whole lot of people that had been up all night, obvi carrying formula sheets and what not. Everyone seemed to be in good spirits after the first half, except for the twitchy kid that sat next to me. I am pretty sure he was licking meth off pieces of tinfoil the whole time.
From a candidate:
How about a shout-out for those of us who are sleep deprived and freaking out about tomorrow? something to cheer us up and forget that we paid over $1k for this test that (according to all estimates) most of us will probably fail. Something special, because we need it. Give us hope, something to look forward to, that’s all we really want. I know it’s only level 1, which screams ‘n00b’. I mean, if it was any more of a joke it’d be the Series 7, right? But even ‘n00bz’ need encouragement.
You’re all going to do great! And if you don’t, it’s not like this shit matters. 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:
MIT Will Not Be The Only Business School With A Cringe-Worthy Take Off Of “I’m On A Boat” To Speak OfBy Bess Levin
Chicago Booth now has one too.
Earlier: “I’m At MIT Sloan, Racking Up The Mother F*cking Student Loans”
Allegedly! The part about them assaulting an officer of the law, not about them being dressed as women, that’s been pretty well established (and the faded lipstick and eye make-up seen at left don’t lie). According to the Boston Herald, HBS’ers Christian Huot and Dina Mustafa Sidna were thrown out of the “Priscilla Ball” going down at Tequila Rain on Friday night for “high level of intoxication and disruptive behavior.” The girls (for the night) were not happy about that, and it was after they were told they could not go back inside (supposedly to retrieve their belongings– purses, etc) that things escalated:
After the club’s staff told police they couldn’t find any inside, the officers advised Huot and Sidani to call management the next day, cops said, but Huot and Sidani refused to leave.
Then, police said, Sidani called the cops racists, saying, “I’m a Lebanese citizen. I’m going to call the Lebanese Embassy,” while Huot stuck his arms out, saying, “Arrest me. I want you to arrest me.”
Naturally, the business leaders of tomorrow saw the potential dollar signs:
A crowd started to gather, and when one of the officers tried to escort him up Lansdowne Street, Huot allegedly grabbed him by the throat. The officers wrestled him to the ground and handcuffed him, police said, while Sidani tried to photograph them with a camera phone, saying, “This is going to get us a lot of money.”
Huot’s attorney, who represented the Craiglist Killer, is confident this can all be settled quickly, as it would be a shame to rob Wall Street of this up and coming star.