please advise me
Redacted -- thanks for helpful responses
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Sounds like you have an answer - if you're not moving forward you're moving backward, imho. If you can't get further in your current situation and have the opportunity to go to a school like Wharton do it. Your career prospects indicate the financial burden should be easily repaid in a few years. Wharton will open up a world of possibilities to you and given your experience you should be a top candidate for a lot of jobs.
If you don't want to leave full time work for that long think about an EMBA, maybe Columbia.
Exactly.
First of all, congrats on the wharton acceptance. It's a truly amazing school. It seems like you pretty much answered your own question. I mean if you are having a tough time getting another gig despite your skill set and track record, then that's a huge red flag. I assume you are a fundamental equity research analyst and are gunning for jobs at top long-short equity hedge funds? If that's the case, then yes, your lack of pedigree is definitely hurting you, and a top MBA is the only way to make that transition. Regarding age, don't worry about it. 30 is not that bad at all. I'm re-applying next year, and if i get in i will be 32 when i enter. It's really not a big deal at all. Also, although the opportunity cost will be large, wharton is well more than worth it. Through on-campus recruiting and network, you will have access to interview with your dream companies. And resources like student clubs, conferences, career treks, etc., will give you lot of opportunities to meet with people in the industries you are interested in. On the social end, it looks like you busted your ass off and badly need a break. I guarantee you that Wharton will be the best 2 years of your life. You will be around really fascinating cool people and party and travel your ass off. The experience will be unprecedented. Don't turn it down!
Good luck.
Is it a red flag? This sounds stupid, but I don't know how the industry really works. I sort of fell into it, just put my head down, and went balls out. I should have spent more time networking, but what's done is done. I guess I am surprised I am not even getting called back for jobs from efinancialcareers and Albourne Village. Is that common or am I really fucked without the pedigree? At what point does experience trump schooling (if any)?
I'd say it's pretty common to hear nothing back from submitting blind resumes to sites like that, even if you're well qualified. Once you've got a couple years experience it seems the only good job leads come through your own network of contacts, or maybe a headhunter.
If you're literally doing nothing all day at work it might make sense to consider a part-time program (if you live close to a good school) and just blast through it in two years while still collecting a paycheck. Or you could get started on the CFA program as well (not that those options are mutually exclusive).
Just a couple other alternatives to think about. Like you said it's a high-class problem to have. Wharton is a great school and even if that's your "plan B" doing an MBA there for two years is nothing to get depressed about.
Good luck!
Is this a joke!? 32!? Brady I feel so sorry for you dude. From reading other posts I assumed you were ~23/24 (and an extremely immature one at that).
Sorry don't mean to be harsh, just seems like you no clue about life. You're like the opposite of alpha.
So you're making a shit load of money and you don't have to work for it? I don't see the problem.
Fair point lol. But I don't think it is going to remain this way indefinitely, and then what? If I can't find a suitable job now, then what makes me think I will do so when / if the plug gets pulled?
Congrats in getting into Wharton!! I feel if you are already successful, there is really no point of getting an MBA. MBA is made for people who want to change career.
Since I'm not recruiting for the buyside, I can't really say anything on IM/HF recruiting and using Wharton to rebrand yourself that you don't seem to know already.
You will be older than average, but there are still a lot of people who graduated 2005 and before. In my cohort of 70, we range from 2002~2008.
In most cases, I would advise against attending b-school. Especially in your case, since your'e self-made and making an income most elite b-school students aspire to.
However, I think it would make sense for you for a variety of reasons. First, the education would supplement your experience. Second, it would open up a number of opportunites for you. Perhaps you want to go the entrepreneurial route and start your own small fund; an elite b-school network would be beneficial in attracting new investors and the education would help you hone a business thesis that you can sell to potential investors. The best part is that you could do that while attending Wharton instead of waiting after graduation (b-plan competition). Or perhaps you want to get a real job at a brand name financial house; this is where Wharton's finance reputation and on-campus recruting shine. And finally, this is Wharton we are talking about here, it's elite and there is no denying that.
I dont think you should look at your age as a liability. I say go for it! Good luck, I am sure you will be successful at whatever you do.
Thank you, that's very helpful.
250-300k is garbage money. Wharton is an excellent investment, provided you're not BSing and you actually got in, which I doubt. Make some real money and goto b-school shitbrick.
Actually, 250-300K is a good living. Most elite b-school grads aspire to make that much, most wont straight out of b-school. Not everyone can get a job in IB out of Wharton. Sorry, most of us shitbricks dont measure up to your exceptionally high standard of excellence. Asshat.
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