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Business School Better Use Of Your Time, Money, Liver Than CFA Camp: Study

If your life goals include becoming a managing director. If they don't, go ahead, pack your bags for Camp CFA.
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Regular Dealbreaker readers know that we spend a lot of time around these parts having the MBA vs CFAdebate. With the business school track, you're enjoying a two-year retreat from the working world that breaks down to roughly one hour of class for every 20 hours of partying with your fellow business leaders of tomorrow. Then again, you'll be surrounded by these sorts of people. With the chartered financial analyst track, you've got a chance to attend the extremely exclusive, week-long retreat that is known as CFA Camp. But on the other hand, the institute will own your ass. For those currently struggling to pick a side, today brings a point in favor of the MBA:

The implication is clear. – The more senior you aspire to go in a front office investment banking job, the more worthwhile it may be to spend $160k+ on a top MBA instead of scrimping and studying the CFA Program...Although most investment banks have cut their MBA hiring - especially for sales and trading roles, business schools suggest the breadth of their MBA programs means that banks still come to them to recruit senior staff of tomorrow. “An MBA is distinct from the CFA programme in that it isn’t just about acquiring the technical knowledge necessary to do the job – it’s about developing as a person and learning the broad skills necessary to be a leader,” says Christian Dummett, head of finance careers at LBS. “When banks hire MBAs they are looking for their future managing directors, which is why there will always be demand for people join associate classes – especially in IBD.”

An MBA is better than a CFA if you want to make MD in banking [eFinancial]


Top Business/Party Schools Subscribe To The 'Gotta Spend Money To Make Money' Model

According to Bloomberg, the money you're blowing on a trip to Ibiza now will pay off with a higher salary later.

Harvard Business School Alum Has A 4-Point Plan For Fixing The Election Process In The United States

On November 6, 2012, as the results of the presidential election rolled in, a member of the Harvard Business School Class of 2010 considered ending it all. "The thought crossed my mind to jump off my penthouse apartment balcony," he wrote his fellow classmates yesterday. Sure, he had a lot to live for: friends, family, the earthly delights afforded to him by living in Southern California ("surfing, mountains, 78 degree sunshine, and hot babes everywhere"), as well as a new company and all that came with it (relationships with celebrities that straddle the line between "friend and service provider," as well as invites to "the VMAs and private concerts in Vegas"). But he also had a lot of reasons to be good and angry at the world, including but not limited to: the state of California being "filled with so many hippie liberals" he just might snap and in doing so "choke out a street bum," people who "sit around with their hand out and expect to be fed," and, most vexingly, the reelection of Barack Obama. And while he did not in fact end up leaping from his penthouse balcony apartment that night, make no mistake, he was and is exceedingly pissed about the direction this country is going, which is south on the Pacific Coast Highway right straight to hell. And whereas the endless stream of bums and hobos and hippies he encounters each and every day the second he steps out of his penthouse apartment probably would take the easy way out, because that's what they do, he's better than that. So instead, he went to bed, got up, sat down at his computer and channeled his anger into something productive: a list of suggestions for how we can get America back on track and in four years, rest it from the hands of the commie holding it hostage, like forcing candidates to use bullet points and telling people who don't believe in capitalism to pack their shit because in 20 minutes a van is coming to ship their non-contributing zero asses off to a country where it's not actually a "privilege" to live. First, though, some life updates, because it really has been too long.