Read about the Peter Thiel fellowship where he pays people $100k to drop out I feel like that is just insanely stupid to dropout over such a small amount but than I was thinking if Goldman Sachs offered me a FT job at $250k + bonuses I would probably drop out
| +166 | The "Not So Obvious" things that get you a return offer? | 20 | 47m | |
| +103 | Is my life over after not getting GS? | 25 | 3s | |
| +65 | Best IB group on the Street | 27 | 2h | |
| +56 | BIG FOUR ARE PARADISE | 15 | 1h | |
| +46 | Thoughts and tips on how to speak like an investment banker. | 25 | 2h | |
| +45 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 22 | 6h | |
| +36 | UBS Outlook | 28 | 1d | |
| +35 | Georgetown Placement for 2024 and 2025 | 21 | 6d | |
| +34 | How to deal with egotistical team? | 6 | 3d | |
| +32 | Highest Paid Bankers in Toronto? | 51 | 12m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Run the numbers on expected value. Probably the most useful thing I learned in school.
Agreed. This is one of the major reasons I opted out of law school.
Depends. If it's a solid brand - like GS - that gets you in the door better than a degree then it's a no brainer.
Scott Walker did and he ended up Governor of Wisconsin and a Presidential candidate.
Smh maybe he wouldn't have lost the Republican nomination if he actually FUCKING GRADUATED FROM COLLEGE
Yes, however I would still try and take online courses to finish my degree eventually.
Pretty sure all of the Thiel Fellowship recipients can easily go back to their top college should things not work out with the program. Consider it a yearlong sabbatical that will open far more doors for the recipients than not participating in the program.
PS - Have any of the recipients gone on to do anything noteworthy? Obviously the program is still in its infancy so perhaps there aren't any examples so far.
An Indian dude who got it launched a hotel startup called Oyo which just secured a billion dollars in funding from SoftBank and is valued at $5 billion so it has started showing certain success stories now.
What year of college would I be dropping out?
I don't think the Peter Thiel fellowship encourages someone to take a position at a GS, etc. I assume the goal is to encourage people to create something rather than being trained to rank & file in the traditional corporate system
Find the smartest students in the country, convince them to take business risks, pay them for their time out of school, invest in their startups, diversify, profit. A clever & creative way to find alpha. Rather than waiting for entrepreneurs to come to him to pitch investment ideas, he proactively goes and creates entrepreneurs out of the best talent pool, and on top of that, he doesn't have to compete with other investors for the startups. It's almost like he sells insurance to students, to reduce their costs & risks for taking entrepreneurial risks, in turn, he gets first picking on all of their startup ideas spawned out of his program. The guy is really smart.
Great way to put it.
OT: I would definitely drop out of a program to pursue one of these opportunities, it gives you an insured opportunity to go out and start something entrepreneurial which when supported provides more gainful opportunities than most corporate jobs.
Corporis hic asperiores sapiente enim rerum. Fugiat nesciunt velit cum sed veniam eum inventore. Quod perspiciatis nihil velit praesentium officia. Consequuntur voluptates facilis omnis aliquam. Voluptates amet dolorem voluptatem pariatur iure. Commodi debitis dicta aut ducimus incidunt. Libero perspiciatis error eius ut.
Est animi ut quo necessitatibus aperiam. Libero molestiae itaque repudiandae velit et et quae consectetur. Neque ut et sint. Libero eum rerum impedit officiis.
Minima dicta illum sit iusto aliquam quia quo. Aut sunt quia accusamus officia. Voluptates hic aspernatur culpa facere alias tempora. Dolor dolor minus nostrum eos voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...