In case you missed them, here's some of last week's most popular topics:
Reflections on my first year at Kellogg MBA, ask me anything AMA
Post By @OpsDude
I remember in undergrad, applying to 10 jobs for every 1 interview I got.Kellogg is a completely different beast. I got 7-8 1st round closed-list interviews for every 10 applications I put in. Even things I was horrible unqualified for (Corp strat at Starbucks, corp dev at Apple, etc). For consulting, I got 1st round interview from 8 out the top 10 firms. And even then, you are given 800 bid points. BCG, BAIN, Strategy& went for a COMBINED 1 bid point. Even if you suck at networking, and have a horrible resume, you can get an interview everywhere.
Once you get an interview (at-least in consulting) the assumption is that you're smart enough for the job. I think this is what differentiates the M7 + Tuck versus the 8-15 schools for the consulting jobs.
My guide on how to get a hedge fund job out of undergrad
Post By @DaveMCR
While the process is fairly straightforward, don't expect a job if your knowledge of investing only encompasses what you learned in school. For me, the means to the end were the result of long nights spent learning investing, economic, finance and business fundamentals that they don’t teach you in school and applying the knowledge in my analysis.During your journey, adversity is a given seeing how the hedge fund industry is arguably the most competitive industry full of Ivy-League educated individuals.
Johnson (Cornell) 2nd Year MBA Ask Me Anything AMA
Post By @Masterz57
To start, we don't have GND. Grades matter for Consulting and IB (in IB they care about Finance/Accounting grades, in Consulting about overall GPA) but not for the other roles you can recruit for.We all take 6 core classes in the fall, which are mostly very well-taught. If you've done business undergrad or had a lot of business experience, it's more of a refresher.
In the spring most people do Immersions. Immersions are a semester spent intensely studying one discipline, and they're offered in the following fields: Marketing, IB, Corp Fin, Sustainable Global Enterprise (a Johnson niche), Investment Management, and Ops. For some of them you work on a project for an outside company (examples being MSFT, Amex, HP, J&J, etc) throughout the semester. For IB, you get drilled on modeling/M&A each and every week, and the IB guys come out very well prepared (100% conversion from internship 2 years ago, 95% last year). Marketing, IB, and SGE seem to be the best, with CF,and Ops getting weaker reviews.
Second year, it's all electives, and there's good variety. Most of the professors are very good teachers, and there are some very interesting subjects. One big advantage as well is you can take up to 1/4 of your credits from other schools at Cornell.
AMA: Internal Wholesaler at a Mutual Fund
Post By @krazyk
IMO, sales gets overlooked by a lot of folks interested in finance. Who would have thought that you could make more than your average HF analyst by wining and dining financial advisors?
How I moved from backoffice to Commercial Banking to Investment Banking/Private Equity (coming from a non-target school)
Post By @Doobsmeister
I met the head of one of the teams of a reputable boutique through a friend. At first, we wasn't interested in hiring me. He had a lean team of top analysts from the best schools, and he didn't understand where he could place me with my background. we continued to have lunch every week for about 3 months after this to learn about each other.
Tinder + Preftige = "The League"
Post By @WallStreetOasis.com
Latest dating app makes sure you are "cool enough" before gaining entry...Initial thoughts? Anyone on it?
Guide to building a successful career at ONE company: Internal Networking
Post By @TwoThrones
Ever since I started my career, I've kept my thoughts to myself. DON'T DO THIS. I thought people wanted you to stay in your position forever, so I would secretly benefit my career without telling them (usually by looking for a new job).Those who make it known that they want promotions are usually the ones that do. So start networking and being placed on the best projects. And its not the end of the world if you get a crappy rotation, at least you find out what you don't like (which is just as beneficial as finding things you do like). So then you know what type of management or positions you would like to avoid (and if you are used to rotating, it will be easier to get out as fast as you came in).
Why Modern Economists Lean Left?
Post By @frattisimus101
It’s worth asking: Why has economics shifted to the left? Maybe it’s because the country itself, and its problems, have shifted. In the 1970s, when conservatism and Friedman became the face of economics, we faced high tax rates, heavy regulation, high inflation and powerful unions. But in 2015, we confront rising inequality, economic insecurity, and the aftermath of a financial crisis and a long, deep recession.What do you guys think? is that true or these media economists mostly reflect the bias inherent in reporting today?
