A $5 million check or dream school+dream business job? 
(Senior Baboon, 220
Points)
on 1/26/12 at 1:07pm
Let's say you were given a choice. Take $5 million tax-free OR guaranteed admission to your dream school (any program you want) AND your dream business job coming out. I'm limiting it to jobs in business (finance, consulting, startups, tech, etc) since otherwise everyone would want to be an athlete, movie star, etc.
Which would you take and why?
Check all day long. Why?
Check all day long. Why? Because I live in a cheap area and I'm a pretty simple person so that would easily last me the rest of my life and benefit my family that is left behind when I die.
check please
check please
One particle of unobtanium has a nuclear reaction with the flux capacitor, carry the two, changing its atomic isotope into a radioactive spider.... Fuck you science!
Don't ever let the place you start dictate where you finish
is this a serious question??
is this a serious question?? I would take half a million dollars over acceptance to any b-school, including HBS.
$5 million EASY You can
$5 million EASY
You can literally live like a king in Texas
$
$
COME TO THE WSO CONFERENCE!!!!!
Lol is this a real
Lol is this a real question...
Seriously? That's like a $10M
Seriously? That's like a $10M bonus. The average lifetime earnings of a HBS grad is like $3-4M.
Id be the owner and CEO of my
Id be the owner and CEO of my dream business, and it'd be worth a billion dollars+. So dream job.
Does the dream job have to be
Does the dream job have to be within reason or can I get hired directly as the CEO of Apple? If so, then I would definitely take the dream school and dream job and get my 1 million apple shares for taking on the CEO position.
For almost all other scenarios, I'll take the cash.
-MBP
seabird wrote: Id be the
Id be the owner and CEO of my dream business, and it'd be worth a billion dollars+. So dream job.
Lol, shit you beat me to it.
-MBP
manbearpig wrote: Does the
Does the dream job have to be within reason or can I get hired directly as the CEO of Apple? If so, then I would definitely take the dream school and dream job and get my 1 million apple shares for taking on the CEO position.
For almost all other scenarios, I'll take the cash.
Great question. Yeah, it would need to be within reason. A job that you could theoretically get coming out of a top school, so something like VP at a megafund PE or a junior PM at a large macro hedge fund, or a top VC firm. Something along those lines. So obviously this rules out CEO of apple or multi-billionaire entrepreneur.
this question is beyond
this question is beyond retarded. i would take the money and build my pleasure compound in the philippines to be populated by an army of horny filipino fuck-sluts 24-7.
ask me if i regret my decision after my morning tongue-bath.
I would take dream
I would take dream school+job. The long-term potential upside is greater than $5 million.
Money Obviously 5 mill tax
Money Obviously
5 mill tax free means i would probably take 1 mill and go buck wild with it, invest the remaining 4 mill and at a modest return of 10% per year, still make 400k/yr not doing shit. Plus If i really wanted to I could put that money to better use. The upside of starting with 5 mill is much higher than starting with 0 and then 2 years later (assuming already completed undergrad, otherwise min 6 yrs) getting 200k-300k.
Plus, you want your dream job? you could walk into a PE/VC/Hedge fund or whatever else u want and say "i will add $5 mill to your AuM if you make me XYZ". boom you got your dream job + the $5mill.
Brady4MVP wrote: I would take
I would take dream school+job. The long-term potential upside is greater than $5 million.
Average lifetime earnings of an HBS grad is like 3.5M...
If I had asked people what they wanted, they would have said faster horses - Henry Ford
melvvvar wrote: this question
this question is beyond retarded. i would take the money and build my pleasure compound in the philippines to be populated by an army of horny filipino fuck-sluts 24-7.
ask me if i regret my decision after my morning tongue-bath.
Hedonist!
-MBP
$5M tax free and that's a
$5M tax free and that's a no-brainer
Do you have any idea how long
Do you have any idea how long it would take you to earn $5 million working your dream job, post-MBA? This is a ridiculous question.
CHECK PLEASE
I'd take the $$ and run my own damn business, not working 100 hours a week for zero bonus.
happypantsmcgee
I would take dream school+job. The long-term potential upside is greater than $5 million.
Average lifetime earnings of an HBS grad is like 3.5M...
Lol that fucking blows! For a 30 year career post B-school, average annual earnings are barely over 100K? Whiskey.Tango.Foxtrot?!?
-MBP
I'll take the check, learn
I'll take the check, learn how to trade and grow my book instead of spending 2 years at B-school and grinding my way to running money.
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Scrilla in a heart beat.
Scrilla in a heart beat. C.R.E.A.M.
"It is hard to fail, but it is worse never to have tried to succeed."
Theodore Roosevelt
manbearpig
I would take dream school+job. The long-term potential upside is greater than $5 million.
Average lifetime earnings of an HBS grad is like 3.5M...
Lol that fucking blows! For a 30 year career post B-school, average annual earnings are barely over 100K? Whiskey.Tango.Foxtrot?!?
A.V.E.R.A.G.E - this includes the people who go to TFA, non-profit, and gov't and I'm thinking that they skew the average down a few million at least
COME TO THE WSO CONFERENCE!!!!!
melvvvar wrote: this question
this question is beyond retarded. i would take the money and build my pleasure compound in the philippines to be populated by an army of horny filipino fuck-sluts 24-7.
ask me if i regret my decision after my morning tongue-bath.
Can you feel AIDS early in the morning?!?
Regards
"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan
cphbravo96 wrote: melvvvar
this question is beyond retarded. i would take the money and build my pleasure compound in the philippines to be populated by an army of horny filipino fuck-sluts 24-7.
ask me if i regret my decision after my morning tongue-bath.
Can you feel AIDS early in the morning?!?
Regards
Fucking worth it.
happypantsmcgee
I would take dream school+job. The long-term potential upside is greater than $5 million.
Average lifetime earnings of an HBS grad is like 3.5M...
I'm very aware that's the average. Each HBS class is roughly 900 students, and the 3.5 million figure includes people who go into non-lucrative fields and women who start families and decide to work part-time.
This hypo explicitly states dream school+dream job. So for me personally, it would be HBS followed by equity research at an IM powerhouse like capital group, dodge and cox, wellington. Then, from there, make portfolio manager, and potential earnings become way more than $5 million.
You gotta think long-term. The people on this thread are just thinking about short-term pleasures rather than looking at the hypo from a strategic vantage point.
Holy shit, bro. ER is your
Holy shit, bro. ER is your dream job? When you could do anything?
That's like being a starting pitcher in the College World Series and turning down the Yankees to play for the Amarillo Armadillos.
I mean, to each his own, but maybe you should aim just a little higher?
Brady4MVP
I would take dream school+job. The long-term potential upside is greater than $5 million.
Average lifetime earnings of an HBS grad is like 3.5M...
I'm very aware that's the average. Each HBS class is roughly 900 students, and the 3.5 million figure includes people who go into non-lucrative fields and women who start families and decide to work part-time.
This hypo explicitly states dream school+dream job. So for me personally, it would be HBS followed by equity research at an IM powerhouse like capital group, dodge and cox, wellington. Then, from there, make portfolio manager, and potential earnings become way more than $5 million.
You gotta think long-term. The people on this thread are just thinking about short-term pleasures rather than looking at the hypo from a strategic vantage point.
Here is the problem though. You don't know that going to Capital and doing research as an Analyst will get you into a PM role there. Not everyone that's an Analyst makes it as a PM, or if they do are successful as a PM. Your assumption is that you will be able to spin that into a PM role down the road where you will be able to pull in a substantial enough amount that 5mm now would be less. Plus, you are also ignoring the amount of time you will be losing. 2 years at b-school, 5 years minimum as an Analyst. That's 7 years already before even becoming a PM, and you won't be making ridiculous money right away. That's 7 years you could have also used to invest that 5mm cash and grow it.
"It is hard to fail, but it is worse never to have tried to succeed."
Theodore Roosevelt
Edmundo Braverman wrote: Holy
Holy shit, bro. ER is your dream job? When you could do anything?
That's like being a starting pitcher in the College World Series and turning down the Yankees to play for the Amarillo Armadillos.
I mean, to each his own, but maybe you should aim just a little higher?
Well, not real dream job, but the hypo was asking about "realistic" dream jobs that can be obtained right after school. So given those constraints, yes, working for an IM powerhouse or a top macro hedge fund would be my dream job. HBS followed by either capital group/passport/soros, makes me drool.
Check please, you can do
Check please, you can do anything with the money after LIKE start your dream job or invest in anything...or God knows what.
The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee
WSO is not your personal search function.
I cant believe this is a real
I cant believe this is a real question. 5MM invested with only a 3% return a year is still $150,000 a year for doing literally nothing.
Brady, just so you know (and
Brady, just so you know (and I mean no disrespect to the guys in ER), equity research is basically what I do. At home. In my underwear.
I think you can expect in-house ER to be one of the first things to be outsourced over the next decade. Hell, it's already happening.
Edmundo Braverman
Brady, just so you know (and I mean no disrespect to the guys in ER), equity research is basically what I do. At home. In my underwear.
I think you can expect in-house ER to be one of the first things to be outsourced over the next decade. Hell, it's already happening.
I thought you were a daytrader? Or am i wrong about that? By ER, are you actually doing fundamental analysis of companies in your free time?
cphbravo96 wrote: melvvvar
this question is beyond retarded. i would take the money and build my pleasure compound in the philippines to be populated by an army of horny filipino fuck-sluts 24-7.
ask me if i regret my decision after my morning tongue-bath.
Can you feel AIDS early in the morning?!?
Regards
between that and dropping dead of a heart attack at 65 stateside after a lifetime of paying the mortgage and driving the kids to soccer practice...not the worst way to go.
Edmundo Braverman
Brady, just so you know (and I mean no disrespect to the guys in ER), equity research is basically what I do. At home. In my underwear.
I think you can expect in-house ER to be one of the first things to be outsourced over the next decade. Hell, it's already happening.
As a connsultant, id be the first to recommend that outsource :)
Brady4MVP wrote: Edmundo
Brady, just so you know (and I mean no disrespect to the guys in ER), equity research is basically what I do. At home. In my underwear.
I think you can expect in-house ER to be one of the first things to be outsourced over the next decade. Hell, it's already happening.
I thought you were a daytrader? Or am i wrong about that? By ER, are you actually doing fundamental analysis of companies in your free time?
Daytraders do research when they are not making trades.
Follow the shit your fellow monkeys say @shitWSOsays
Brady, No, I'm not a day
Brady,
No, I'm not a day trader (although I do sometimes). I'm basically a financial and marine (as in maritime) journalist these days. In my capacity as a financial writer, ER is a big part of the job. I've even considered starting my own niche shop.
I was a day trader for a while and did well, but it was in California where the market opens at 6:30 in the morning. Most days I found myself finished by 8:30-9:00 in the morning and I'd start drinking after a quick workout. I was killing myself being drunk before lunch every day, so I gave it up.
My fucking eyes hurt from
My fucking eyes hurt from reading this shit.
Follow the shit your fellow monkeys say @shitWSOsays
melvvvar wrote: cphbravo96
this question is beyond retarded. i would take the money and build my pleasure compound in the philippines to be populated by an army of horny filipino fuck-sluts 24-7.
ask me if i regret my decision after my morning tongue-bath.
Can you feel AIDS early in the morning?!?
Regards
between that and dropping dead of a heart attack at 65 stateside after a lifetime of paying the mortgage and driving the kids to soccer practice...not the worst way to go.
Touche.
Regards
"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
- Ronald Reagan
seabird wrote: Id be the
Id be the owner and CEO of my dream business, and it'd be worth a billion dollars+. So dream job.
This... I'd take the money and invest and/or start my own business. Then, if I had the time, I'd go to whatever school would accept me and learn about something I'm actually extremely passionate about.
If your dreams don't scare you, then they are not big enough.
"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
I'd take the check as well,
I'd take the check as well, for the main reason that even if I blow a million on pixy sticks and unicorns, $4M earning 8-10%/year would give me $300-400k/year without getting out of bed. $300-400k in passive income? I'll take it.
Well, plenty of hedge funders
Well, plenty of hedge funders make this choice all the time for a lot lower amounts of cash.
For a mid career hedge funder, going to b-school would be a $800K-1M opportunity cost. How many do you see chilling for two years in b-school?
Waiter, I'll take the check
Waiter, I'll take the check when you get a chance.
"Social cohesion and puritanical morality place roughly on my list of concerns between whether I'll pick up jock itch at the gym this week (not likely, since I don't go the gym) and whether it'll rain in Christchurch, New Zealand next Tuesday."
-Eddie
If I could go to the USAFA
If I could go to the USAFA and fly F-22 Raptors after I graduate, I would give up the check. Same with shooting F-18 Superhornets off aircraft carriers from the USNA.
I would actually give up a lot more money than that. Can not imagine anything in life greater than flying supersonic fighter jets.
So let's review. After all
So let's review. After all of these responses: 1 person would take the dream school + job over the cash. Brady I'm pulling you. Hope one of these days those adcomms send you the thick letter instead of the thin one.
^^ Yeah, I always thought
^^ Yeah, I always thought flying a fighter jet would be awesooooome.
Oh, you have 3 snowmobiles, 2 atvs, and a dirtbike? Yeah... I fly a F-22.
If your dreams don't scare you, then they are not big enough.
"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
RagnarDanneskjold wrote: So
So let's review. After all of these responses: 1 person would take the dream school + job over the cash. Brady I'm pulling you. Hope one of these days those adcomms send you the thick letter instead of the thin one.
Did you read what I wrote?
Ok..2....Brady and Maverick.
Ok..2....Brady and Maverick.
Edmundo Braverman
Brady, just so you know (and I mean no disrespect to the guys in ER), equity research is basically what I do. At home. In my underwear.
Classic.
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RagnarDanneskjold wrote: So
So let's review. After all of these responses: 1 person would take the dream school + job over the cash. Brady I'm pulling you. Hope one of these days those adcomms send you the thick letter instead of the thin one.
Thanks bro. I really hope it works out this time. There's nothing my heart desires more than a M7 acceptance. I literally have dreams about it every night.
Edmundo Braverman
Brady,
No, I'm not a day trader (although I do sometimes). I'm basically a financial and marine (as in maritime) journalist these days. In my capacity as a financial writer, ER is a big part of the job. I've even considered starting my own niche shop.
I was a day trader for a while and did well, but it was in California where the market opens at 6:30 in the morning. Most days I found myself finished by 8:30-9:00 in the morning and I'd start drinking after a quick workout. I was killing myself being drunk before lunch every day, so I gave it up.
Eddy, random as question but did you know anything about the drybulk buyout of Quintana by Excel a few years ago? Right before the BDI crashed?