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Why are B-schools trending younger? Is 25 the golden age?

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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 25 Jun 2008, 18:56
OK, thanks... the Stanford numbers didn't look quite right to me.

As a side note, is HF as demanding as MC/IB/PE? I don't mean this in an accusatory way, I just have no idea.
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 25 Jun 2008, 19:00
terry12 wrote:
OK, thanks... the Stanford numbers didn't look quite right to me.

As a side note, is HF as demanding as MC/IB/PE? I don't mean this in an accusatory way, I just have no idea.


Yes. HF hours and compensation are about on par with private equity. HF compensation can really skyrocket if you're a superstar though (the best hedge fund managers in the country have pulled down in excess of $1 billion/year over the past few years). Yes, that was with a B.
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 25 Jun 2008, 19:06
Knew about the compensation (though I still find it insane), didn't know about the hours. Clearly HF does not occupy a prominent position on my radar screen :)
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 25 Jun 2008, 19:08
terry12 wrote:
Knew about the compensation (though I still find it insane), didn't know about the hours. Clearly HF does not occupy a prominent position on my radar screen :)


Yeah it's fairly vulgar. Most HF investors are very quant-oriented and you need to be very quant in order to break in.
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 25 Jun 2008, 19:21
Also, you must be able to stay calm in a high pressured atmosphere. The job is very risky. However, all investments are suppose to be protected from the downside from sort of hedge. Hence the name hedge funds. However, this is hardly the case with many hedge funds.

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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 26 Jun 2008, 06:16
I am just about through with 'When Genius Failed' by Roger Loewenstein.

I really recommend it for those who want to learn more about how Hedge Funds operate - not saying that all of em make mistakes of the magnitude of LTCM. But it is still an interesting insight into this world, especially for those of us who havent worked in Finance.

TFN wrote:
Also, you must be able to stay calm in a high pressured atmosphere. The job is very risky. However, all investments are suppose to be protected from the downside from sort of hedge. Hence the name hedge funds. However, this is hardly the case with many hedge funds.

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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 26 Jun 2008, 06:19
yey I am golden !!! :) I am starting my MBA program 10 days after my 25th b-day :)

ok, but I will let you know how golden my job search is going to be, given the lack of WE :(
... probably not so golden :cry:

I actually think 27-28 is the golden age because by then you would have had enough of WE to compete for all jobs posted on-campus
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 26 Jun 2008, 06:21
but dont you think that being younger is a big advantage when it comes to the more typicaly post MBA track i.e. MC and IB? where they want you young so that they can work you like slave drivers?

Darden2010 wrote:
yey I am golden !!! :) I am starting my MBA program 10 days after my 25th b-day :)

ok, but I will let you know how golden my job search is going to be, given the lack of WE :(
... probably not so golden :cry:

I actually think 27-28 is the golden age because by then you would have had enough of WE to compete for all jobs posted on-campus

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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 26 Jun 2008, 06:24
hmmm what does age have to do with slavery?
Actually I think the newer generation (the millenians or sth like that) is very not cool with working overtime. We are not so obedient and we know we have options so therefore we are not cool with being slaves to a company. I think that the new generation is much more difficult to deal with than the 'slightly' older people, who have 'slighlty' different values.
And about being able to mold people, I think that sucessfull people get molded and re-molded all the time, and that is one of the reasons they are sucessfull. So no matter what age you are you have to be open to being molded if you want to be sucessfull. And therefore I think a sucessfull 25 y.o and 30 y.o would both have the same 'molding coefficient' :)

It is not like 27-28-30 are less likely to be slaves than 25 y.o.
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 26 Jun 2008, 06:31
alright -- hyperbole was used for effect -- I think this whole generation difference is overplayed a little too much these days. Besides I think there are tangible differences between being 25 vs. 28 in terms of what your expectations of work life balance are.



Darden2010 wrote:
hmmm what does age have to do with slavery?
Actually I think the newer generation (the millenians or sth like that) is very not cool with working overtime. We are not so obedient and we know we have options so therefore we are not cool with being slaves to a company.

It is not like 27-28-30 are less likely to be slaves than 25 y.o.

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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 26 Jun 2008, 13:07
i think there are two differences between a 25 yo and a 28-30 yo:

- the "slightly" older person may have gotten married or have kids by 28-30, which would limit their desire to work like slaves
- for someone like me, I worked like a slave from 24-28 yo and got burned out, which is why I highly doubt I would apply to MC/IB jobs just because I don't want those slave like work hours again.

Just my 2 cents, might not apply to most "slightly" older people, but that's simply my observation.
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 26 Jun 2008, 13:14
Hmmm, so being married can hurt your chances of entering MC? I will be 27 at matriculation and married for 1.5 years already.

Plus, doesnt being married make people WANT to work like slaves???? :P

Does being married help/hurt chances of getting into b-school? Anybody have good info on that?

kryzak wrote:
i think there are two differences between a 25 yo and a 28-30 yo:

- the "slightly" older person may have gotten married or have kids by 28-30, which would limit their desire to work like slaves
- for someone like me, I worked like a slave from 24-28 yo and got burned out, which is why I highly doubt I would apply to MC/IB jobs just because I don't want those slave like work hours again.

Just my 2 cents, might not apply to most "slightly" older people, but that's simply my observation.

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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 26 Jun 2008, 13:37
as someone who is 25 and has already been married for 1.5 yrs I looked into this issue and the overwhelming response was that it doesnt really matter as far as your chances of admissions are concerned. Obviously some schools seem to attract older students and hence the ratio of married people goes up.

As far as wanting to work like slaves go -- agree fully!!

raabenb wrote:
Hmmm, so being married can hurt your chances of entering MC? I will be 27 at matriculation and married for 1.5 years already.

Plus, doesnt being married make people WANT to work like slaves???? :P

Does being married help/hurt chances of getting into b-school? Anybody have good info on that?

kryzak wrote:
i think there are two differences between a 25 yo and a 28-30 yo:

- the "slightly" older person may have gotten married or have kids by 28-30, which would limit their desire to work like slaves
- for someone like me, I worked like a slave from 24-28 yo and got burned out, which is why I highly doubt I would apply to MC/IB jobs just because I don't want those slave like work hours again.

Just my 2 cents, might not apply to most "slightly" older people, but that's simply my observation.

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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 26 Jun 2008, 14:58
no, I don't think being married or not matters for b-school admission. All I'm speculating is the reason for why older (and/or married) people might not want to work 80-100 hour weeks or be on travel all the time versus younger and single people, that's all.
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 30 Jun 2008, 08:09
kryzak wrote:
no, I don't think being married or not matters for b-school admission. All I'm speculating is the reason for why older (and/or married) people might not want to work 80-100 hour weeks or be on travel all the time versus younger and single people, that's all.


I agree. At 24/25 I seriously considered a MC job and would have been OK with the long hours. At 30, after 3+ years of a 35-40 hour/ week job and on the verge of married life, I dont think I will ever accept a job which involves working more than 45 hours a week.this obviously would make me a very undesirable candidate for a MC/IB firm.
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 30 Jun 2008, 08:34
rsrinivasan wrote:
I agree. At 24/25 I seriously considered a MC job and would have been OK with the long hours. At 30, after 3+ years of a 35-40 hour/ week job and on the verge of married life, I dont think I will ever accept a job which involves working more than 45 hours a week.this obviously would make me a very undesirable candidate for a MC/IB firm.


Well, while I would like to say otherwise, that is going to make you undesirable to almost all post MBA positions. I would say that the average work load of the people I talk to is about mid 50's to mid 60 hours per week (this is in industry, not MC/IB). It seems that part of our value as MBAs is our willingness to kill ourselves for our jobs.
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 30 Jun 2008, 09:00
bherronp wrote:

Well, while I would like to say otherwise, that is going to make you undesirable to almost all post MBA positions. I would say that the average work load of the people I talk to is about mid 50's to mid 60 hours per week (this is in industry, not MC/IB). It seems that part of our value as MBAs is our willingness to kill ourselves for our jobs.


I agree it would take me out of the reckoning for most typical post-MBA opportunities . I am looking at part-time MBA programs and not looking for a career change and I should be at least at a Director level by the time I graduate. All of senior management in my company and in other companies that might be a good fit have the kind of hours that I mentioned. I think at general management type roles, the money is more for knowledge and judgment and less for the hours put in. Of course in a work environment where hours are billable - legal, consulting etc- this does not hold good.
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 30 Jun 2008, 09:04
rsrinivasan wrote:
All of senior management in my company and in other companies that might be a good fit have the kind of hours that I mentioned. I think at general management type roles, the money is more for knowledge and judgment and less for the hours put in.


What industry do you work in, if you don't mind saying? I agree that in most fields the value of an MBA manager should come from their knowledge, training and expertiese, but unfortunately it doesn't seem to generally be that way.
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 30 Jun 2008, 09:13
I work in Interactive Marketing. Maybe I am looking at a small sample size, but looking at the enrollment of part-time MBA students in Chicago, it seems there are a number of people with time to spend on school which would be pretty impossible with a 60+ hour work week.
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Re: Why are B-schools trending younger? Is 25 the golden age? [#permalink] New post 30 Jun 2008, 10:20
I don't think the MC is too bad if you can fly out Monday, be back Thursday night, and get regular office hours on Friday. That way you can spend the weekend with the significant other. I think 2-3 years of this isn't terrible, anything more than that would be a stretch for me.

*Married 3 years

rsrinivasan wrote:
kryzak wrote:
no, I don't think being married or not matters for b-school admission. All I'm speculating is the reason for why older (and/or married) people might not want to work 80-100 hour weeks or be on travel all the time versus younger and single people, that's all.


I agree. At 24/25 I seriously considered a MC job and would have been OK with the long hours. At 30, after 3+ years of a 35-40 hour/ week job and on the verge of married life, I dont think I will ever accept a job which involves working more than 45 hours a week.this obviously would make me a very undesirable candidate for a MC/IB firm.
Re: Why are B-schools trending younger? Is 25 the golden age?   [#permalink] 30 Jun 2008, 10:20
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