Berkshire falling off
I saw Berkshire Ascs attending Kellogg and MIT for MBA this year. Not to knock on those schools, they are great, but I thought Berkshire was HSW type school at minimum…have they fallen off?
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Get a life
They raised a new $8B fund so probably not...B school admissions are just more competitive; you're not owed an HBS admission no matter where you work
i think its due to 2 reasons, first theres tons of PE funds now which makes the applicant pool from the IB + PE background larger and second is some M7 MBA programs have been vocal about bringing in more non-finance backgrounds into the program. Both make it more competitive to get into HSW, I noticed users on this site underestimate how competitive it is to get into HSW MBA programs
MIT is a great school..
2 things - there are still a ton of Berkshire people at HBS. Friend there said they sent ~75% who applied to HBS this year. It was probably the most of any PE firm in my HBS class a few years back. Second, basically every non HBS/GSB school will give significant scholarships to a PE person. Everyone has different circumstances, but I completely understand going to some other M7 school to save $200k especially if you don’t want to stay in PE
Yes I noticed just 3-4 years ago they sent a ton, but seems like things have changed. I would have thought that even if H/S is tough, W would be a lock for Berkshire.
Associate classes are also growing alongside fund size. It's just not practical to send entire cohorts to the same two schools given HBS/GSB class sizes are fairly static and can't be over-weighted with any single industry, let alone single firm.
lol In some ways bro getting roasted here is appropriate, but in others it is actually a fair question; yes getting into these MBA programs is tough but in snobby finance circles it’s basically HS, maybe W or bust. If ppl are going to other (very good and respected) MBA programs, there’s a question not only as to why they weren’t able to get into HSW, lateral, etc. To the other guys point on money , dude at this level of earnings and career the super expensive MBA tuition probably is not going to be what’s moving the needle.
All of this being said though Berkshire is still an incredible fund and you’d be super lucky to go there. These dynamics on exits might say more about the PE exit landscape than anything because at the end of the day, it’s a pyramid and there are less vp spots in the industry than associate spots etc so as private capital expands there’s a question as to where all these associates should go
Exactly, I’m just surprised that these people didn’t just lateral / do a 3rd year in portco etc - I think it’s a fair question to ask why they didn’t have better options
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