Last visit was: 24 Apr 2024, 19:20 It is currently 24 Apr 2024, 19:20

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
SORT BY:
Date
User avatar
VP
VP
Joined: 24 Sep 2006
Posts: 1359
Own Kudos [?]: 208 [0]
Given Kudos: 0
Send PM
User avatar
GMAT Club Legend
GMAT Club Legend
Joined: 04 Jun 2007
Status:Um... what do you want to know?
Posts: 5456
Own Kudos [?]: 698 [0]
Given Kudos: 14
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
 Q51  V41
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Send PM
User avatar
Director
Director
Joined: 18 Sep 2006
Posts: 955
Own Kudos [?]: 34 [0]
Given Kudos: 0
Location: Chicago, IL
Schools:Chicago Booth 2010
Send PM
User avatar
GMAT Club Legend
GMAT Club Legend
Joined: 04 Jun 2007
Status:Um... what do you want to know?
Posts: 5456
Own Kudos [?]: 698 [0]
Given Kudos: 14
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
 Q51  V41
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Send PM
Re: Job search predictor [#permalink]
wow, it's been a while since I saw that movie... maybe I will! :)
User avatar
Current Student
Joined: 18 Dec 2007
Posts: 983
Own Kudos [?]: 144 [0]
Given Kudos: 10
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Send PM
Re: Job search predictor [#permalink]
dabots wrote:
watch Pretty Woman

PE is selling your body to rich guys? :lol:
User avatar
Manager
Manager
Joined: 20 Nov 2005
Posts: 184
Own Kudos [?]: 5 [0]
Given Kudos: 0
Location: USA
Send PM
Re: Job search predictor [#permalink]
lepium wrote:
So I was talking to a friend earlier today about (what else) our upcoming interviews. He mentioned a Private Equity (PE) interview he's got lined up and we discussed how half the entire class would have applied to that job. One thing led to another and we came up with the following job search predictor based on our interaction with classmates and on some made up data for fun.

Here it goes:
- The PE guys want to get into hedge funds. If that fails, then PE will do.
- The IB guys want to get into PE.
- The consultants want to go into IB or IM (at least the few that don't want to go back to consulting and get their tuitions reimbursed). Or go into PE.
- The tree-huggers want to go into either IB or consulting (I keep bugging them about it, it never gets old...). Or go into PE.
- The industry guys want to go into consulting or GM. Or go into PE.
- The IT guys want to get into VC, PE or at least IB (if only for the summer).
- The marketing guys mostly want to stay in marketing, but switching companies. Or go into PE.
- The healthcare guys want to get into biotech or pharma. Or get into PE.
- The outliers from within all the groups above want to go into non-profits, startups, entertainment, sports management, the gambling industry, managing the family company, healthcare, education, etc. Or, you guessed right, into PE.

Is it similar at other schools?
L.


ditto @ Columbia except that here at CBS, the industry guys and IT folks also want to go for IB as their first choice...but i am not surprised...it is Columbia (known for its finance focus plus we are in NY)...by the way, not many people are interested in MC and industry....it is primarily, IB --- IM ------ HF --------- PE
User avatar
Intern
Intern
Joined: 03 Mar 2007
Posts: 24
Own Kudos [?]: 8 [0]
Given Kudos: 0
Send PM
Re: Job search predictor [#permalink]
Your observation is not surprising when you consider the finance hierarchy

PE/HF/VC
IB
Sales
Broker/Insurance
Etc.

Everyone on the sell-side wants to work on the buy-side because there is so much less of a need to constantly satisfy clients. I have worked in PE for the past 2.5 years since undergrad graduation and I think it will be interesting what the "hot" industry will be when I graduate from b-school in 3 years. I think PE will continue to lose its luster as: the credit markets continue to be non-conducive to adequate financing, the media continues to scrutinize the industry, and carried-interest tax reform potentially wins out in Washington. In the meantime, it has certainly been an interesting experience beginning my career at what is perceived to be at the top of the food chain. I am happy to not have to work 100 hours, building pitch books and sourcing deals (although my first post-MBA job may very well likely be at a BB IB).
User avatar
Director
Director
Joined: 25 Dec 2007
Posts: 516
Own Kudos [?]: 64 [0]
Given Kudos: 28
Concentration: General Management
Schools:Harvard '11
Send PM
Re: Job search predictor [#permalink]
Interesting look at this, lepium. I'll admit that as an industry person, I'm interested in MC after MBA. I guess finance has never appealed to me too too much.
User avatar
Manager
Manager
Joined: 25 Aug 2005
Posts: 120
Own Kudos [?]: 8 [0]
Given Kudos: 0
Send PM
Re: Job search predictor [#permalink]
The grass is always greener!
GMAT Club Bot
Re: Job search predictor [#permalink]

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne