McDonald's: Harder Than Harvard
Good news prospective monkeys! Your prayers have been answered. You do not need to worry about your future. Talks of America's demise have been greatly exaggerated and overblown. Apparently, it is now easier to get into Harvard, than it is to get a job at McDonald's.
Now for all of you linear drones: yes, I am joking, but with tongue firmly planted in cheek. There is something very disturbing in this story that I cannot answer or identify in a single word, sentence or paragraph. Therefore, I would like to play a little game today. I am going to set up this scenario as a simplified case study and see if anyone can come up with an economically or financially viable answer...
Who knows...maybe this one makes it to HBS someday:
Entity X is a multinational corporation. It has served over 99,000,000,000 customers and operates almost everywhere in the world. It has annual sales of
~ $25,000,000,000. The vast majority of its work force is of low income, low education and low skill level. The company recently announced it would hire 50,000 new employees for primarily these sort of positions. All of the employment is to be done in nation U. There are currently 13.5 million unemployed in nation U. 1,000,000 people applied for said positions. 1,000 of said openings were for managerial positions. In order to join the corporation, people must apply for the right.The corporation wound up hiring 62,000 people=6.2% of applicants.
Entity Y is a global phenomenon and is located in nation U, though it attracts customers from all over the world. It charges for its services. Those charges have proven to be insignificant in comparison to the overall value of services rendered. There are roughly 20,000 persons taking advantage of said services at one time across the institution's different levels of operation. In order to take advantage of the institution's services, people must apply for the right. In the most recent round of applications: 29,112 applied with 2,046 being admitted (for an existing 1,655 spots)= 7%.
Now be honest... what does this information tell you about the perceived relative value between the two institutions? Going off the given data alone what sort of extrapolations would you make about the relative value of what said institutions provide? What would it tell you about country's business climate? What would it tell you about the country overall? How would you address the situation based on the information given?
Is Hamburger University a target for BB?
which institution can give me a job at the Goldman Sachs?
This.
Poor grammar or sense of entitlement?
Poor sense of humor.
yawn Goldman.
The big bucks are at Glencore now.
Saw that on zh the other day. Pretty insane but it would be interesting to know the percentage of applicants under the age of 18 or 21 for whom Mickey Ds is a natural "target" job.
Im absolutely POSITIVE its harder to escape Mcdonald's without getting beaten by an angry hood figga than it is to get into Harvard.
Apples and Oranges.
One is a product people compete to buy, another is a job people compete to be paid for.
That said, the fact that Harvard has a comparable acceptance rate to McDonald's for a commitment to spending 50k a year for 4 years is quite impressive (for Harvard).
It's pretty sad, however, that nearly a million people didn't make the cut at McDonald's (not through any fault of their own necessarily, simple supply/demand). This country needs to find a way to get the unemployed working again.
The unemployed need to find a way to bring value to an employer...
I would extrapolate that comparing the re-distribution of GPA points versus income dollars is a more accurate comparison than the above scenario, a comparison based on such imperfect/skewed information.
"Multinational corporation" (i.e. job); "Global phenomenom" (i.e. Justin Bieber? WTF does that even mean?) "Operates everywhere in the world" (i.e. numerous locations); "Located in Nation U" (i.e. one location or one thousand?) "Low education/skill level" (i.e. low entry-barriers); ??? no mention of entry-barriers
I am official enrolled at McDonald's Hamburg University according to Facebook. Now I need to get some Mcnuggets to celebrate.
wow way to copy OP
KEY difference: Turnover, and re-applications.
You pretty much have 1 or 2 shots to go to Harvard, for undergrad, maybe 3 if you try to transfer after your sophomore year.
You can apply to McDonalds as many times as you want.
Also, consider turnover. Harvard turns over its class once a year. People come and go from McDonalds every day.
Last, all people who apply to Harvard take it seriously. How many BS applications do you think McDonalds wades through, probably a lot.
That said, low skilled people, if not of low intelligence, are often not resourceful at the least, and so they just apply to McDonalds because it's such an obvious thing to do.
Harder than Harvard could be a decent porno title.
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