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Wall Street Oasis » Blogs » Edmundo Braverman's blog
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Academia Sinks Its Hooks In Young
 

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Edmundo Braverman's picture
Edmundo Braverman
      ST
 
 
(Human, 14,702
 
Points)
 on 7/30/12 at 8:40am
pranks-menatwork-590.jpg

I think you guys will get a kick out of this, because I sure did. My boys are home for summer vacation. They're 7 and 9 years old, and they're about to enter second and fourth grade, respectively. We were walking home from lunch today when, out of the blue, my 9-year old asks me, "Dad, did you go to college?"

Now, I suspect he knew the answer because I'm sure we've talked about it at some point, but maybe he couldn't get his head around it. So I answered, "No, I didn't go to college." After a moment of silence, my 7-year old speaks up:

"So you're a dirtbag?"

He was completely sincere, and I really had to fight to stifle a laugh. Then his brother piles on:

"Yeah, dad. You're a dirtbag if you didn't go to college."

Back to the 7-year old:

"People who don't go to college have to pick up trash and be a garbage man." he pauses, "How come you're not a garbage man?" Again, he's completely sincere, but this time his tone is not one of "How did you beat the system?" but more of "Garbage man's a pretty cool gig, how did you fuck that up?".

By this time I can't help myself and I'm chuckling. I ask them, "Who told you that if you don't go to college you're a dirtbag?" My early suspicion rests on my wife, just because that's the kind of thing you probably tell your kid if you want them to stay in school. Still, it doesn't really sound like her, and in a lot of ways she's perversely proud of the things my uneducated ass has accomplished.

Neither one of them will immediately cop to where they heard it, so I press them. Finally the 9-year old gives it up:

"That's what the teachers say in school."

A-ha.

I have to admit I was kinda surprised that they're being indoctrinated so young. I don't necessarily object because I do place a lot of value on education, but I'm not sure I agree with the not so thinly-veiled elitism that goes into using garbage men as a cautionary tale.

I generally view academia outside the STEM disciplines as the world's largest (and costliest) circle jerk. It's designed to keep people paying tuition for as long as humanly possible, and we're starting to see the deleterious economic impact of that practice in the burgeoning student loan crisis.

If that weren't bad enough, however, now my kids think I'm a dirtbag (which was inevitable at some point, of course, just not this soon). And for that I'm paying out the ass. I got the bill for their next year's tuition a couple weeks ago and I'm not exaggerating when I say that I'm paying more for my 7-year old to attend second grade than was spent on the entirety of my own education.

Guess I shoulda been a teacher (at least when garbage man didn't work out).

  • elitism
  • education
  • college
  • academia
    • Credits
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Comments

Vi's picture

I learned more from Khan

Vi
      IB
 
 
(Orangutan, 305
 
Points)
 on 7/30/12 at 8:49am

I learned more from Khan Academy in a week than I did in a semester worth of schooling. Traditional schooling needs a complete overhaul.

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Nabooru's picture

I think it goes both ways. I

Nabooru
      HF
 
(Gorilla, 689
 
Points)
 on 7/30/12 at 9:10am

I think it goes both ways. I chose my professors carefully at a school where I effectively paid basically nothing and have had the fortune to have been taught by some truly caring professors. Funnily enough, these professors were not in any of the STEM disciplines but in liberal arts classes. I can honestly say that even though I love open source education, I received some invaluable education - especially in business and writing - that's vastly improves my functionality. Then again, I did go to (some) of my classes to learn and didn't waste my time. In defense of the liberal arts I would say that even thought you should have some type of business or STEM degree, a minor in liberal arts does a good job of helping you be well-rounded. It's really what you make of it, I guess. But in no way should it give someone a sense of elitism. I'm sure most garbage men are more respectable people than a majority of the students at my college.

Who are you going to believe, me or your lying eyes?

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D M's picture

That is obnoxious, I'd call

D M
      O
 
(Senior Neanderthal, 4,999
 
Points)
 on 7/30/12 at 9:13am

That is obnoxious, I'd call your kids' teachers out on that shit. You know the spineless pricks will piss themselves.

"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer

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happypantsmcgee's picture

Just fax a copy of your w2

happypantsmcgee
      O
 
 
(Almost Human, 9,627
 
Points)
 on 7/30/12 at 9:16am

Just fax a copy of your w2 over to their teacher and ask them if they could find such an awesome garbage man gig.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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Nabooru's picture

As an aside I find the best

Nabooru
      HF
 
(Gorilla, 689
 
Points)
 on 7/30/12 at 9:16am

As an aside I find the best judge of character at work to be seeing who says hi to and thanks the cleaning lady

Who are you going to believe, me or your lying eyes?

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melvvvar's picture

i majored in Klingon at

melvvvar
     
 
(King Kong, 1,693
 
Points)
 on 7/30/12 at 9:17am

i majored in Klingon at Goucher and the sense of entitlement it gave me was worth every penny.

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In reply to Nabooru
D M's picture

Nabooru: As an aside I find

D M
      O
 
(Senior Neanderthal, 4,999
 
Points)
 on 7/30/12 at 9:29am
Nabooru:

As an aside I find the best judge of character at work to be seeing who says hi to and thanks the cleaning lady

respec.

"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer

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grapefury's picture

Keep in mind teachers have

grapefury
     
 
(Baboon, 120
 
Points)
 on 7/30/12 at 9:31am

Keep in mind teachers have every incentive to keep stuffing the idea of school = money + success.

It's like accountants lobbying to increase financial regulation of all businesses..

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In reply to grapefury
Edmundo Braverman's picture

grapefury: Keep in mind

Edmundo Braverman
      ST
 
 
(Human, 14,702
 
Points)
 on 7/30/12 at 9:37am
grapefury:

Keep in mind teachers have every incentive to keep stuffing the idea of school = money + success.

Ever tried to explain conflict of interest and moral hazard to a 7-year old?

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D M's picture

PS- If Notorious is a legit

D M
      O
 
(Senior Neanderthal, 4,999
 
Points)
 on 7/30/12 at 9:37am

PS- If Notorious is a legit source, the garbage man is making more than your kids' teacher

"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer

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BlackHat's picture

School is the single biggest

BlackHat
      HF
 
 
(Senior Neanderthal, 5,114
 
Points)
 on 7/30/12 at 9:40am

School is the single biggest waste of one's time. Unfortunately, like most things, everyone has a misconception about its benefits and here we are stuck having to endure it for the first 25% of our lives. I think it's pathetic that we're prisoners to it, and the longer you stay in the system the more fucked up you come out the other side. There's a reason so many people run back to academia once they get a taste of the real world, and it's not because they wanted to "enrich themselves" intellectually. It's because they couldn't fucking handle being a real human being.

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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That_Aston's picture

School is also the primary

That_Aston
      CF
 
(Gorilla, 575
 
Points)
 on 7/30/12 at 9:42am

School is also the primary bastion of liberalism. At least people like Scott Walker know what to do with these unions/teachers who almost always turn out to be hypocrites.

Here to learn and hopefully pass on some knowledge as well. SB if I helped.

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Going Concern's picture

I heard that garbage men in

Going Concern
     
 
 
(King Kong, 1,865
 
Points)
 on 7/30/12 at 9:53am

I heard that garbage men in NYC can make 100k. Not sure if that's true, but if it was I wouldn't be that surprised.

You have to play the game to find out why you're playing the game.

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UFOinsider's picture

Personally, I'd find out what

UFOinsider
      O
 
(Human, 10,458
 
Points)
 on 7/30/12 at 9:57am

Personally, I'd find out what teacher said that and go tell them that you're paying their salary with your dirtbag ass. If you find them offensive, ask them why their sorry college educated ass depends on your paycheck, but that part is optional. I definitely would inform them that not having a college degree and being a degenerate are a correlated relationship more than a causal relationship.

melvvvar:

i majored in Klingon at Goucher

LOL hilarious. Two jobs ago, I worked with a guy that majored in alchemy. True story.

I just had my first UFO experience.

I called my wife fat while we were making dinner.

Flying saucers everywhere XD

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melvvvar's picture

before you kids get

melvvvar
     
 
(King Kong, 1,693
 
Points)
 on 7/30/12 at 10:02am

before you kids get yourselves in a lather, realize that mr. eddie is an outlier. most of you will not be able to succeed without finishing college and slaving away for 25 years to sock away retirement wealth. the days of gut trading are over and even if you wanted to be a trader like him, you'd need crack programming skills to start and most of those guys at least drop OUT of MIT or caltech, which means they were IN at some point.

having worked with both bankers and traders of the modern school, i know that bankers are actually a hugely anti-intellectual bunch, but once you put enough time between getting through your first IBD job (for which you had such raging hard-ons) and when your life really begins, the parts of college where people in the tweed coats were telling you about stuff will have a lot more meaning.

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In reply to melvvvar
TonyPerkis's picture

melvvvar: i majored in

TonyPerkis
      AM
 
(King Kong, 1,616
 
Points)
 on 7/30/12 at 10:08am
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I eat success for breakfast...with skim milk

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That_Aston's picture

Nabooru also had a great post

That_Aston
      CF
 
(Gorilla, 575
 
Points)
 on 7/30/12 at 10:11am

Here to learn and hopefully pass on some knowledge as well. SB if I helped.

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In reply to TonyPerkis
melvvvar's picture

TonyPerkis: melvvvar: i

melvvvar
     
 
(King Kong, 1,693
 
Points)
 on 7/30/12 at 10:15am
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In The Flesh's picture

"My education was only

In The Flesh
      HF
 
 
(Neanderthal, 2,881
 
Points)
 on 7/30/12 at 10:15am

Head of Metal Website: www.headofmetal.com

https://twitter.com/headofmetal2012

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In reply to melvvvar
D M's picture

melvvvar: before you kids get

D M
      O
 
(Senior Neanderthal, 4,999
 
Points)
 on 7/30/12 at 10:21am

"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer

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couchy's picture

althought this is changing

couchy
     
 
(King Kong, 1,386
 
Points)
 on 7/30/12 at 10:24am
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In reply to couchy
Edmundo Braverman's picture

couchy: If your highschool

Edmundo Braverman
      ST
 
 
(Human, 14,702
 
Points)
 on 7/30/12 at 10:27am

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In reply to D M
melvvvar's picture

D M: melvvvar: before you

melvvvar
     
 
(King Kong, 1,693
 
Points)
 on 7/30/12 at 10:35am
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D M's picture

I see what you're saying,

D M
      O
 
(Senior Neanderthal, 4,999
 
Points)
 on 7/30/12 at 10:41am

"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer

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happypantsmcgee's picture

Never let school get in the

happypantsmcgee
      O
 
 
(Almost Human, 9,627
 
Points)
 on 7/30/12 at 11:43am

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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In reply to couchy
bees415's picture

couchy: althought this is

bees415
     
 
(Monkey, 43
 
Points)
 on 7/30/12 at 11:48am
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In reply to bees415
GS's picture

bees415: couchy: althought

GS
      ST
 
(Senior Gorilla, 903
 
Points)
 on 7/30/12 at 11:54am
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Ron Paul's picture

Eddie, in a few years watch

Ron Paul
     
 
(Senior Gorilla, 916
 
Points)
 on 7/30/12 at 12:07pm
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In reply to bees415
kidflash's picture

bees415: couchy: althought

kidflash
      IB
 
(Gorilla, 736
 
Points)
 on 7/30/12 at 12:14pm
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In reply to kidflash
BlackHat's picture

kidflash: Ya, some people

BlackHat
      HF
 
 
(Senior Neanderthal, 5,114
 
Points)
 on 7/30/12 at 12:21pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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In reply to happypantsmcgee
That_Aston's picture

happypantsmcgee: Never let

That_Aston
      CF
 
(Gorilla, 575
 
Points)
 on 7/30/12 at 12:40pm

Here to learn and hopefully pass on some knowledge as well. SB if I helped.

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In reply to BlackHat
bees415's picture

BlackHat: This. The

bees415
     
 
(Monkey, 43
 
Points)
 on 7/30/12 at 12:42pm
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In reply to kidflash
Going Concern's picture

kidflash: Ya, some people

Going Concern
     
 
 
(King Kong, 1,865
 
Points)
 on 7/30/12 at 12:48pm

You have to play the game to find out why you're playing the game.

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In reply to BlackHat
The Fisher Account's picture

i completely agree with the

The Fisher Account
     
 
(Monkey, 34
 
Points)
 on 7/30/12 at 12:53pm
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In reply to Going Concern
Senvik's picture

Going Concern: I heard that

Senvik
     
 
(Senior Baboon, 187
 
Points)
 on 7/30/12 at 1:53pm

"You stop being an asshole when it sucks to be you." - IlliniProgrammer

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In reply to Senvik
UFOinsider's picture

Senvik: Going Concern: I

UFOinsider
      O
 
(Human, 10,458
 
Points)
 on 7/30/12 at 1:57pm

I just had my first UFO experience.

I called my wife fat while we were making dinner.

Flying saucers everywhere XD

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In reply to BlackHat
Senvik's picture

BlackHat: kidflash: Ya,

Senvik
     
 
(Senior Baboon, 187
 
Points)
 on 7/30/12 at 2:01pm

"You stop being an asshole when it sucks to be you." - IlliniProgrammer

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In reply to UFOinsider
Senvik's picture

UFOinsider: Senvik: Going

Senvik
     
 
(Senior Baboon, 187
 
Points)
 on 7/30/12 at 2:03pm

"You stop being an asshole when it sucks to be you." - IlliniProgrammer

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Husky32's picture

The problem is that everyone

Husky32
     
 
(Gorilla, 595
 
Points)
 on 7/30/12 at 2:04pm
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In reply to BlackHat
jacksooon999's picture

BlackHat: kidflash: Ya,

jacksooon999
     
 
(Baboon, 118
 
Points)
 on 7/30/12 at 2:44pm
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In reply to BlackHat
labanker's picture

BlackHat: School is the

labanker
      PE
 
 
(Orangutan, 333
 
Points)
 on 7/30/12 at 2:48pm
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In reply to labanker
BlackHat's picture

labanker: The problem is, if

BlackHat
      HF
 
 
(Senior Neanderthal, 5,114
 
Points)
 on 7/30/12 at 2:51pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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WSOusername's picture

College is a joke. Everyone

WSOusername
     
 
(Senior Gorilla, 952
 
Points)
 on 7/30/12 at 3:12pm

GBS

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In reply to jacksooon999
labanker's picture

jacksooon999: The notion

labanker
      PE
 
 
(Orangutan, 333
 
Points)
 on 7/30/12 at 4:01pm
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Amphipathic's picture

I highly reccomend watching

Amphipathic
     
 
(Senior Gorilla, 831
 
Points)
 on 7/30/12 at 4:35pm
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In reply to jacksooon999
couchy's picture

jacksooon999: The notion

couchy
     
 
(King Kong, 1,386
 
Points)
 on 7/30/12 at 9:12pm
    • Credits
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In reply to Senvik
Bondarb's picture

Senvik: UFOinsider: Senvi

Bondarb
      HF
 
 
(Neanderthal, 2,356
 
Points)
 on 7/30/12 at 9:28pm
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In reply to Amphipathic
melvvvar's picture

Amphipathic: I highly

melvvvar
     
 
(King Kong, 1,693
 
Points)
 on 7/30/12 at 9:31pm
    • Credits
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leonrox's picture

Personally, I think a higher

leonrox
     
 
(Monkey, 41
 
Points)
 on 7/31/12 at 2:47am

I know that diamonds mean money for this art, but that's not the shape of my heart.

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Aimez's picture

Edmundo Braverman: If that

Aimez
      CO
 
(Orangutan, 299
 
Points)
 on 7/31/12 at 6:01am
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Specific Prohibited Uses.

The Company specifically prohibits any use of the Web Site, and all users agree not to use the Web Site, for any of the following:

  • Posting any incomplete, false or inaccurate biographical information or information which is not your own accurate resume
  • Using any device, software or routine to interfere or attempt to interfere with the proper working of this Web Site or any activity being conducted on this site.
  • Taking any action which imposes an unreasonable or disproportionately large load on this Web Site?s infrastructure.
  • If you have a password allowing access to a non-public area of this Web Site, disclosing to or sharing your password with any third parties or using your password for any unauthorized purpose.
  • Notwithstanding anything to the contrary contained herein, using or attempting to use any engine, software, tool, agent or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search this Web Site other than the search engine and search agents available from the Company on this Web Site and other than generally available third party web browsers (e.g., Netscape Navigator, Microsoft Explorer).
  • Attempting to decipher, decompile, disassemble or reverse engineer any of the software comprising or in any way making up a part of the Web Site.
  • Aggregating, copying or duplicating in any manner any of the materials or information available from the Web Site.
  • Framing of or linking to any of the materials or information available from the Web Site.

User Information.

When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

Registration and Password.

You are responsible for maintaining the confidentiality of your information and password. You shall be responsible for all uses of your registration, whether or not authorized by you. You agree to immediately notify the Company of any unauthorized use of your registration or password.

The Company's Liability.

As a condition to your use of this site, you release the Company (and our agents and employees) from claims, demands and damages (actual and consequential, direct and indirect) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. If you are a California resident, you waive California Civil Code d1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."

We are under no legal obligation to, and generally do not, control the information provided by other users which is made available through the Web Site. By its very nature, other people?s information may be offensive, harmful or inaccurate, and in some cases will be mislabeled or deceptively labeled. We expect that you will use caution and common sense when using this Web Site.

The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

Disclaimer of Consequential Damages.

IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Links to Other Sites.

The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

Forum Topics

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  • Thoughts on this? Heister brings up a good question: <em>"Who else is going to the job? Which senior Goldman partner is planning on retiring and needs to shield millions in stock options from taxes?"</em> via Bloomberg: <strong>Obama Says Bernanke Has Been at Fed...
    Bye Bye Bernanke?
  • Hey all, I will be matriculating at NYU for MBA this fall and am considering IBD since the recruiting process seems fairly reliable. I have a few questions about IBD at this level (some of these are dupes from my post "IBD pay ... really that great?" that I would like more color...
    Questions about post-MBA level IBD
  • Hi, if a story is printed in the FT or WSJ, it can apparently have quite a significant impact on the market. partly because everyone working in finance is reading at least one of the two. but what about other daily newspapers? assume a similar story is printed in the times or the guardian. what the...
    Which impact on markets do newspapers have (excluding Financial Times, Wall Street Journal, etc.)?
  • Many of the questions that have come in surround recruiting for front office Wall Street careers from a non-target so we’ll start with some ideas for recruiting, move on to interviewing, preparing for the job and finally long-term career management advice. Before we begin, it has been beaten...
    Stand Out as a Non-Target: Recruiting (Part 1 of 4)
  • I searched the site and realize that most posts about this are very old. I'm looking for current opinions. I've read that people who get into IB through SEO generally get less respect from their peers. My questions are: 1. How do people even know if you got in through SEO or not? 2. Why...
    Question about SEO
  • Need some advice from someone familiar with RE legal matters. We have multiple LLCs, we would like a corporation to own them all in order to make it simpler for us. Is there a way of doing this, while keeping liabilities separate? Example would be, lets say one of our projects defaults, we would...
    A corporation owning multiple LLCs?
  • I've seen paper vs. physical energy trading discussed in the past. However, I was wondering what a day in the life would look like mid-career at a BB vs. a Supermajor vs. a Commodity trading house (Glencore, Trafigura,...
    Energy Trading: BB vs. Supermajor vs. Commodity Trading House
  • Can someone shed some light on the differences between the two in terms of culture and reputation?...
    Bain Capital PE vs T.H. Lee
  • Guys, currently a rising junior at a semi-target. Interning at a very-well known boutique I-Bank in ER FIG. Got an email from a recruiter at Macquarie basically looking to hire me. Anyone got any info on these guys? He looked at my linkedin profile, where I have my title as "Equity...
    Macquarie Group - NYC Equity Research
  • I'm a recent graduate from a semi-target looking to do ER in the food industry specifically. I was wondering if it was acceptable to target a specific sector in my cover letters and other correspondence to firms. Of course, I would be sure to make sure that the companies cover food/beverage...
    Equity Research Sector Specificity
  • <strong>Stock Market Analysis (6/10-6/14)</strong> Stocks lost ground last week as the Dow, S&P 500, and Russell 2000 indexes all declined. Among the sectors, largest losses were taken in financial and technology stocks, the least in consumer staples and health care....
    Stock & Bond Market Update
  • <em>”Look man, remember when there were no seatbelts? What happened then when you crashed?” “My mother’s arm stopped me; I went through the windshield!” “Exactly! And you got 39 stitches all over your head that made you look like a total badass all through third grade! And...
    Go See "The Internship!"
  • After I finished an analyst stint in the M&A group at a BB I got a lot of questions from incoming analysts, buddies, or people in b-school that would be taking the IB plunge: how do I survive, not fall apart physically, key tips etc. I always found the thing that they gravitated to most was...
    The Impossible Trinity of IB
  • I posted an intro in the proper forum and as mentioned am looking at transitioning from the military. So my resume may not look like the typical finance related one but if there are any major issues please let me know. Also, if there are any military personnel who have made the leap it would be...
    Resume Review
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Highest Ranked Content

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<em>Mod note: make sure to see the great comment below by CompBanker</em> I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this...
Finance Culture - Personalities
<strong>Background</strong> I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful...
How WSO has enhanced my IB/PE career
<em>Mod note: for the tl;dr version, skip down to "Circa 1960"</em> First, some background. I’m going to explain how we got to where we are today in order to frame our place in history and our model of life, so bear with me...
Your Model of Life Is Wrong
After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here! Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%...
2013 WSO Compensation Report has Arrived
Where do i even start..I learned so much from this forum. The brutally honest opinions, sincere willingness to help, the technical information and random tips on everything has been absolutely crucial for me landing this offer. Coming from a non-target I didnt get that 3rd year SA position at...
Thank you WSO! Got my FT Offer! ADVICE NEEDED
When I first started as a PE analyst, I constantly struggled with judging the amount of time I should spend on reviewing sourced deals. How much time is enough to really get a handle on the company’s revenue streams? How granular do I need my analysis to be on industry threats? With this...
Misguided Efforts: A Cautionary Tale
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
Any Asset Management people here who could give me some insights on it, such as the nature of the work, the pay, the hours, the potential for career advancement, ect? I was looking into IB before but I've decided that I would rather pursue a career that's more intellectually...
Asset Management a better choice than Investment Banking?
<img src="//img.pandawhale.com/48721-Sexually-Oblivious-Female-Meme-Ze2w.png" alt="Sexually Oblivious Female Meme - Favorite Position? I would like to be a CEO.">
If you could be the richest person in the world with your dream job only as a public virgin forever would you do it?
Many of the questions that have come in surround recruiting for front office Wall Street careers from a non-target so we’ll start with some ideas for recruiting, move on to interviewing, preparing for the job and finally long-term career management advice. Before we begin, it has been...
Stand Out as a Non-Target: Recruiting (Part 1 of 4)
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