171–180 of 187 posts
> Last year, 12 percent of Stanford MBA graduates were hired by private equity firms, with a median starting salary of $177,500, the article said. Venture capital companies hired 7 percent of them, and paid a median salary $167,500 to the beginners. Wow.. I chose the wrong career track.
In fairness that’s basically what FB/Google pays new grad SWEs with competing offers.
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Castes are about as far from communism as it gets.
You keep repeating this but as somebody from former Warsaw Pact country let me tell you there was a real caste system during communism. Party members were basically royalty. And the ruling caste (top, most loyal apparatchiks) were just like Louis XIV, having completely unlimited powers over other people.
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You keep repeating this but as somebody from former Warsaw Pact country let me tell you there was a real caste system during communism. Party members were basically royalty. And the ruling caste (top, most loyal apparatchiks) were just like Louis XIV, having completely unlimited powers over other people.
The existence of castes - social classes - is in direct contrast with the definition of communism, which seeks a classless society.
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I wonder if this is primarily an American thing, or if this phenomenon exists in other countries. Seems like one could solve this issue by making university cheap or free.
Not only American, but not common either. The best analogy to American business schools will be party (communist party) schools in Soviet Union and China. I can't pick words to express just how similar are these two systems. And in all of those countries, you have huge masses of clueless parents seeing these institutes as something that magically, effortlessly make their children "big men" of higher socioeconomic sta…
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Sure, but don’t lie about it. If it’s not need-based, don’t insist it’s need-based.
Ok, lies are unacceptable. To play devil's advocate here: the press and the public do not want to hear that tech companies pay 7 digits of monthly salary to attract some talent. Nor do they want to hear that Universities have to offer merit based scholarships to attract top students, otherwise these students will go elsewhere. Companies advertise their diversity efforts but not the salaries of their executives. Stanf…
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According to the article, " [Allcock’s report] says the school also tells applicants not to reveal to their classmates the size of their discount. " Unwritten or unspoken, it does need to go.
that seems as illegal as telling your employees that they can't share salaries
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Companies can have both a diversity policy and a policy to make sure the top talents don't go elsewhere. University too, can have a diversity policy as well as a merit policy. To compete and attract the best students, University must either provide merit based scholarship, or organize with other universities to get rid of merit based scholarships everywhere (cartel!)
>Companies can have both a diversity policy and a policy to make sure the top talents don't go elsewhere. Those should be one policy, the diversity policy is about making sure top talent doesn't go elsewhere . . . your comment implies that people from "diverse" backgrounds are not top talent, whether that's what you meant or not.
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Well, Stanford has a need for future rich donors. Perhaps that’s the need being met?
I'm sure people have done studies. Who donates more money? The poor kids who struggled through life and attended Stanfurd that finallyed opened the doors for him to become rich? Or the blue blood with the silver spoon who would have made it through daddy's connections regardless of which school he went to? I feel the former has stronger gratitude for his school.
Stanford prefers people with 1 graditut and 3 moneys.
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Credit cards are the one thing I can’t wrap my head around. I am not American and most of my young U.S. friends I met early in college were so excited about having a credit score of x which entitled them to more debt...
Then those young US friends were idiots. I only know people who use credit cards to get 2%+ back from their purchases, plus an interest free 20 to 45 day loan. If you're spending with a credit card more than the cash you have on hand, then you're doing it wrong. Obviously, there must be some cohort of people that pay interest, but there's no reason anyone with half a brain can't setup up autopay and earn the cash bac…
They could have been doing exactly what you described
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Payday loans, credit card interest. Financing plans. Being poor is cripplingly expensive.
Credit cards are the one thing I can’t wrap my head around. I am not American and most of my young U.S. friends I met early in college were so excited about having a credit score of x which entitled them to more debt...
Credit cards are an efficient gateway to a higher credit score which achieves these goals
It is pretty easy to wrap your head around, read a book before you finish concluding debt is irresponsible in all scenarios.