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Talk me out of going to HBS/GSB & HYS

Serious question. URM PE associate at one of larger funds. G...
aabbccdd  07/03/12
hbs unless HF is offering serious money right now
fIame (retired)  07/03/12
They don't guarantee. Expectation is ~500k for first year th...
aabbccdd  07/03/12
aaaaaand /flame
bill engvall  07/05/12
Do you have the opportunity to do JD/MBA?
.,.,.;.,...,..,.,:,,:,..,..,::,..,:,.,.:,..:.,:.:,  07/03/12
Yes. Edited above. JD/MBA is the idea
aabbccdd  07/03/12
how did you get into private equity if you went to a "n...
Midnight Cowboy  07/03/12
It's not an ivy -well known, good school though. Not all PE ...
aabbccdd  07/03/12
The JD adds nothing. Do an MBA alone or keep working.
.,.,,..,.,,.,.,:,,:,...,:::,...,:,.,.:...:.,:.::,.  07/03/12
Lol this is false
,.,...,..,.,.,:,,:,.,.,:::,.,..,:,.,.:.:.,:.::,.  07/03/12
explain
CarneyLansford  07/03/12
awful jd flame
" " '' ''  07/03/12
i think so too
fIame (retired)  07/03/12
Actually - not at all. I have friends who have left the bigg...
aabbccdd  07/03/12
So you're black and wanted to go to Howard/Morehouse to be a...
.,.,...,..,.,..:,,:,..,,:::,,..,:,.;.:..:.,:,::,.  07/03/12
Nope.
aabbccdd  07/03/12
None of the big buyout funds have associates from Howard/Mor...
aabbccdd  07/04/12
You'd have to be such a striver to apply to both law and b s...
Sir Elton Dood  07/04/12
I admit that I am...
aabbccdd  07/04/12
Shitty flame. No one actually considers grad school if some...
.,.,...,..,.,.,:,.:......,:::,..,:,...:..:.,:.::,  07/04/12
That's the funny thing about alot of ppl on this board. Mone...
aabbccdd  07/04/12
money drives every decision when you're talking about fuckin...
bill engvall  07/05/12
wrong on many levels
aabbccdd  07/05/12
Assuming this is not flame, you would be a moron to do eithe...
KyleButler  07/04/12
^THIS Let's assume you did Y (or wharton or northwestern)...
packOFsmokes  07/04/12
over lifetime, an mba from a place like hbs/stanford/wharton...
,,,,,,,,,,,,,,,,,;;;,,,,::::,,,,,  07/05/12
not true. plenty of young hotshots at top hedge funds and PE...
,,,,,,,,,,,,,,,,,;;;,,,,::::,,,,,  07/05/12
SHUT THE FUCK UP JJC YOU COCKGOBBLING PATHETIC FAGGOT
bill engvall  07/05/12
Horseshit. While there might be a few from top HF/PE firms, ...
KyleButler  07/05/12
Ok - I have first-hand knowledge of this. Historically, ever...
aabbccdd  07/05/12
"assuming they could've gotten a hedge fund job" ...
.,.,,..,.,,.,.,:,,:,...,:::,...,:,.,.:...:.,:.::,.  07/05/12
true - except that remember that the associates coming out o...
aabbccdd  07/05/12
They had the background hedge funds want, but most people ma...
.,.,,..,.,,.,.,:,,:,...,:::,...,:,.,.:...:.,:.::,.  07/05/12
1. No route is a sure route to a hedge fund. 2. Neither of ...
aabbccdd  07/05/12
Going for a MBA after an associate gig ends because of failu...
KyleButler  07/05/12
That wasn't the implication. Not even sure what it is you're...
aabbccdd  07/05/12
Arguing against the point that there are "plenty" ...
KyleButler  07/05/12
I didn't argue that there are plenty, but I would agree with...
aabbccdd  07/05/12
Lol. You got pwnd in this thread.
,........,,...':,,,,,.  07/05/12
????
KyleButler  07/05/12
LOL sorry about your tiny pink Princeton UG, bro.
CapTTTainFalcon  07/04/12
LOL at a nigger being in this situation
Subtle Hipster Troll  07/05/12
Never said I was black. But this guy was certainly in a simi...
aabbccdd  07/05/12
plenty of top megafund PE and HF guys go to b-schools. why i...
:::::,,,,,,,,,,,::;;,,,  07/05/12


Poast new message in this thread



Reply

Date: July 3rd, 2012 12:52 PM
Author: aabbccdd

Serious question. URM PE associate at one of larger funds. Got into HBS, GSB, HYS. Already put deposit down for b school - deciding between 2 of the HYS.

Went to non prestigious ug for personal reasons.

Mid 170s LSAT

Low 700s GMAT (don't ask)

Have an offer to go to a large hedge fund, but I can't fight the urge to do JD/MBA at one of these schools - especially given my undergrad.

I think I'll probably still have this and similar options once I'm done with school..just a question of whether I take it now.

Thoughts?

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21008592)



Reply

Date: July 3rd, 2012 6:12 PM
Author: fIame (retired)

hbs unless HF is offering serious money right now

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010408)



Reply

Date: July 3rd, 2012 7:08 PM
Author: aabbccdd

They don't guarantee. Expectation is ~500k for first year though. Can grow to multiples of this depending on firm performance.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010740)



Reply

Date: July 5th, 2012 4:37 AM
Author: bill engvall

aaaaaand /flame

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21019745)



Reply

Date: July 3rd, 2012 6:30 PM
Author: .,.,.;.,...,..,.,:,,:,..,..,::,..,:,.,.:,..:.,:.:,

Do you have the opportunity to do JD/MBA?

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010539)



Reply

Date: July 3rd, 2012 7:06 PM
Author: aabbccdd

Yes. Edited above. JD/MBA is the idea

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010731)



Reply

Date: July 3rd, 2012 7:07 PM
Author: Midnight Cowboy (Want to eat you like a cookie when I see you walk)

how did you get into private equity if you went to a "non prestigious ug"?

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010735)



Reply

Date: July 3rd, 2012 7:09 PM
Author: aabbccdd

It's not an ivy -well known, good school though. Not all PE guys go to Ivies. I had good internships and worked at top banks.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010744)



Reply

Date: July 3rd, 2012 6:32 PM
Author: .,.,,..,.,,.,.,:,,:,...,:::,...,:,.,.:...:.,:.::,.

The JD adds nothing. Do an MBA alone or keep working.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010551)



Reply

Date: July 3rd, 2012 7:09 PM
Author: ,.,...,..,.,.,:,,:,.,.,:::,.,..,:,.,.:.:.,:.::,.

Lol this is false

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010743)



Reply

Date: July 3rd, 2012 7:12 PM
Author: CarneyLansford

explain

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010758)



Reply

Date: July 3rd, 2012 7:13 PM
Author: " " '' ''

awful jd flame

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010764)



Reply

Date: July 3rd, 2012 7:14 PM
Author: fIame (retired)

i think so too

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010769)



Reply

Date: July 3rd, 2012 7:22 PM
Author: aabbccdd

Actually - not at all. I have friends who have left the biggest PE firms (most programs are 2 and out) and some HFs to do JD/MBA at Harvard and Stanford.

Two ppl come to mind: look up one of former HUG class presidents and current HLS Law Review Editor.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010807)



Reply

Date: July 3rd, 2012 7:31 PM
Author: .,.,...,..,.,..:,,:,..,,:::,,..,:,.;.:..:.,:,::,.

So you're black and wanted to go to Howard/Morehouse to be around black people, right? I'd say to just get an MBA. JD/MBA is a waste of time and $$$.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010862)



Reply

Date: July 3rd, 2012 7:35 PM
Author: aabbccdd

Nope.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21010888)



Reply

Date: July 4th, 2012 12:20 PM
Author: aabbccdd

None of the big buyout funds have associates from Howard/Morehouse

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21014101)



Reply

Date: July 4th, 2012 1:01 PM
Author: Sir Elton Dood

You'd have to be such a striver to apply to both law and b school

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21014268)



Reply

Date: July 4th, 2012 2:58 PM
Author: aabbccdd

I admit that I am...

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21014942)



Reply

Date: July 4th, 2012 1:04 PM
Author: .,.,...,..,.,.,:,.:......,:::,..,:,...:..:.,:.::,

Shitty flame. No one actually considers grad school if someone is offering them a hedge fund at 500k starting out

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21014274)



Reply

Date: July 4th, 2012 3:05 PM
Author: aabbccdd

That's the funny thing about alot of ppl on this board. Money doesnt drive every decision.

I can make 500k now without JD/MBA at one of these schools or I can make 500k in 3.5-4 years after having a JD/MBA at one of these schools.



(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21015004)



Reply

Date: July 5th, 2012 4:38 AM
Author: bill engvall

money drives every decision when you're talking about fucking law or bschool, which people basically only go to for purposes of making more money

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21019748)



Reply

Date: July 5th, 2012 10:27 AM
Author: aabbccdd

wrong on many levels

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21020052)



Reply

Date: July 4th, 2012 3:15 PM
Author: KyleButler

Assuming this is not flame, you would be a moron to do either law or b-school instead of the hedge fund job. Not only do you have pay the grad school tuition, you forego earnings in the HF job--depending on the type of job you got, the opportunity cost of going to school could be in the 7 figures for you. The fact that you'd ask a question like this indicates flame, anyone working in any serious job at a major fund would understand trade offs a lot better.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21015084)



Reply

Date: July 4th, 2012 3:23 PM
Author: packOFsmokes

^THIS

Let's assume you did Y (or wharton or northwestern) and did your jd/mba in 3 years. you've forgone $1.5M in earnings. let me repeat this...

YOU'VE FORGONE $1.5 MILLION IN EARNINGS.

now, if you do a program that takes 4 years instead of 3, then the figure is now $2M. If you don't get a full ride, add loans to that figure.

so now the question becomes, are you literally and figuratively, a million dollar striver?

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21015151)



Reply

Date: July 5th, 2012 4:29 AM
Author: ,,,,,,,,,,,,,,,,,;;;,,,,::::,,,,,

over lifetime, an mba from a place like hbs/stanford/wharton is worth well more than $2 million.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21019739)



Reply

Date: July 5th, 2012 4:28 AM
Author: ,,,,,,,,,,,,,,,,,;;;,,,,::::,,,,,

not true. plenty of young hotshots at top hedge funds and PE go onto HBS/Stanford. I personally know people who worked at paulson/citadel/soros/SAC/KKR/Blackstone, etc., who have gone to those schools for the pedigree, network, social experience.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21019737)



Reply

Date: July 5th, 2012 4:39 AM
Author: bill engvall

SHUT THE FUCK UP JJC YOU COCKGOBBLING PATHETIC FAGGOT

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21019749)



Reply

Date: July 5th, 2012 9:19 AM
Author: KyleButler

Horseshit. While there might be a few from top HF/PE firms, you certainly don't know plenty. Average pre-MBA salary at HBS is less than 80K, there aren't droves of people leaving 200K+ jobs to go to b-school as they aren't retards.

http://poetsandquants.com/2011/08/03/hbs-nudges-aside-stanford-in-new-forbes-ranking/2/

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21019878)



Reply

Date: July 5th, 2012 10:34 AM
Author: aabbccdd

Ok - I have first-hand knowledge of this. Historically, every mega PE firm, save for Apollo, has sent their associates to b school. A small minority forego business school and go to a hedge fund. Vast majority leave between 400-500k/year on the table (assuming they could've gotten a hedge fund job) to go to b school.

TPG, Carlyle, Blackstone, Bain Capital still send almost all of their associates to b school. KKR and Apollo still send a few every year as well. That's just the mega funds.

Also - that data you posted is just salary. Most of these places have salaries between 100-140k.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21020082)



Reply

Date: July 5th, 2012 10:38 AM
Author: .,.,,..,.,,.,.,:,,:,...,:::,...,:,.,.:...:.,:.::,.

"assuming they could've gotten a hedge fund job"

Big assumption, bro.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21020097)



Reply

Date: July 5th, 2012 10:54 AM
Author: aabbccdd

true - except that remember that the associates coming out of these programs tend to be the smartest amongst their wall street cohort and they have the background that these hedge fund want.

Of course not all of them will get a hedge fund job. Almost all of them will get the interviews based on solely on their resume, though. The rest is up to the individual.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21020138)



Reply

Date: July 5th, 2012 12:03 PM
Author: .,.,,..,.,,.,.,:,,:,...,:::,...,:,.,.:...:.,:.::,.

They had the background hedge funds want, but most people make that switch right after being an analyst. Going ibd->pe->hf is weird and by no means the sure course you seem to be suggesting.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21020461)



Reply

Date: July 5th, 2012 12:34 PM
Author: aabbccdd

1. No route is a sure route to a hedge fund.

2. Neither of us will win the argument re: when the right time is to make the switch (i.e. post banking or post PE) bc we don't have the data to back anything up.

I can only say that I've seen plenty of people do both. Going ibd-pe-hf is def not "weird" though. Not sure where you heard this.



(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21020709)



Reply

Date: July 5th, 2012 11:05 AM
Author: KyleButler

Going for a MBA after an associate gig ends because of failure to move up/procure higher level position does not equal "send their associates to b-school". These PE firms are not picking up the tuition tab. In any case, these people are a small percentage of the class, even at HSW.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21020175)



Reply

Date: July 5th, 2012 11:08 AM
Author: aabbccdd

That wasn't the implication. Not even sure what it is you're arguing against. They don't pay for b school unless the associate comes back to the firm afterwards. It's also not an indication of "failure." The vast majority of these firms simply don't promote without MBA.

To your second point, was anyone arguing that they are a large percentage of the class at HSW?



(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21020185)



Reply

Date: July 5th, 2012 2:55 PM
Author: KyleButler

Arguing against the point that there are "plenty" of people from large PE firms at b-schools, they are more the excpetion than the rule. An MBA can help, but promotion without it is certainly possible. In fact, the your original post in this has stated that you already have a job offer at a fund, furthering my point you'd would be moron to go to grad school.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21021467)



Reply

Date: July 5th, 2012 8:13 PM
Author: aabbccdd

I didn't argue that there are plenty, but I would agree with the statement. Let's assume that there are 30-40 megafund PE associates eligible to either be promoted or pursue other avenues. TPG and Bain alone send 75-80% of their associates to b school. No one at these firms gets promoted from within - not even the unequivocally #1 ranked associate. KKR, on average, sends about half. Carlyle also sends upwards of 75%. Apollo (which has the smallest classes) sends between 0-1 a year, on average.

I would certainly argue that ~75% on a blended basis = plenty.

Curious - where are you getting your data? Mine is first hand knowledge since I am at one of these firms.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21023251)



Reply

Date: July 5th, 2012 12:00 PM
Author: ,........,,...':,,,,,.

Lol. You got pwnd in this thread.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21020439)



Reply

Date: July 5th, 2012 2:55 PM
Author: KyleButler

????

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21021470)



Reply

Date: July 4th, 2012 3:40 PM
Author: CapTTTainFalcon

LOL sorry about your tiny pink Princeton UG, bro.

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21015278)



Reply

Date: July 5th, 2012 9:29 AM
Author: Subtle Hipster Troll

LOL at a nigger being in this situation

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21019894)



Reply

Date: July 5th, 2012 10:36 AM
Author: aabbccdd

Never said I was black. But this guy was certainly in a similar situation..

http://www.hf.com/team/Team.aspx?membercode=aBallard

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21020089)



Reply

Date: July 5th, 2012 4:48 PM
Author: :::::,,,,,,,,,,,::;;,,,

plenty of top megafund PE and HF guys go to b-schools. why is this so hard to believe?

(http://www.autoadmit.com/thread.php?thread_id=1985432&forum_id=2#21022054)