spot the difference
September 24th, 2008
A friend of mine sent me this chart and it reminded me of those spot the difference games. I guess we’re all commercial bankers now…
Somewhat more poignantly, it also reminded me of this great article in the NYT a few years ago which cited a couple of studies (one specific to careers in IB) suggesting that one of the strongest determinants of the pecuniary success of a career is the state of the economy when you graduate. Graduating in a recession is bad timing indeed and the effects are measurable over the long term. If you are clutching a sparkling new MBA (and its attendant debt!) we can only hope that you were greatly enriched by the experience…
The Greeks had it right: even mighty Zeus need fear the capricious Fates!
Well… it’s good to see that people are thinking about us (uas as graduate in few month…).
After the news, I hoped that these paper would buck up me… but it was a mistake.
And I am really fond of the last phrase of the conclusion…
“These students should short the stock market upon
entering school so that their portfolios hedge their expected labor income.”
No comment.