How does one lead a $350B pension fund with no education credentials? How'd she make it through HR screens? How'd she even end up in the running?
No shade just not something you think is possible in this day and age of hypercredentialism just to obtain entry level gigs.
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Sergio Ermotti, CEO of UBS does neither. According to wikipedia, he dropped out of (High) school at age 15. Before going back to school, he managed to get an apprenticeship at a local bank, which turned into a trading job, which landed him gigs at major banks (Citi, ML). He worked himself up and though the ranks.
Not saying that this is reproducible, because it's more than likely not. Very much a statistical outlier. But impressive nontheless.
"Hypercredentialism" for getting entry level gigs is a necessary evil as generally the person in that position has zero or minimal actual experience in doing the job they are applying for. A summer intern or an incoming first-year analyst or associate...how many of them can claims years and years of on-the-job experience?
There's actually an interesting array of CEOs and company presidents that don't have college or high school degrees, such as Richard Branson of Virgin, Jeff Bezos of Amazon, Ralph Lauren the fashion designer, Larry Ellison of Oracle, David Geffens of DreamWorks and Geffen Records, the late Steve Jobs of Apple and numerous others.
All correct but Bezos, he was a top student at Princeton, and graduated with a degree in EE and CS.
Thanks for the clarification!
I must've been confused him with someone else from a piece I'd read on famous drop-outs.
People still give a fuck about formal educations? I get that you need all your little credentials to get an analyst gig at a bank, but do you really think the path to leading a company is always so linear as working your way up from analyst for 20 years? None of the successful people I know care about that shit. A lot disdain academia.
Unless we're talking entrepreneurship. This stuff is practically impossible to do in 2018.
Unfortunately, one of the few ways is to come from a wealthy family. I've seen this same strategy before: - daughter / son of wealthy family with family firm works at said firm as an intern / apprentice from young age (14-15-16) - Uses previous experience to land better outside internships, probably with the help of family connections, too. - Repeat until desired positions.
It's not a sure-fire way, but I have heard about wealthy (college dropout) heirs that landed top internships due to their extensive previous experience (family firm), and good network, which turned into FT positions.
But when the proles have to apply for the same position, the job listings explicitly state that a Bachelor or Masters degree is required, with excellent academic results.
*CEO of CALPERS Does Not Have A College Degree
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