Originally Posted by Khayembii Communique
Well if going straight to b school with two years of work experience (though not in the field) puts me in a good position to come out making a good amount of money with higher chance of a better position in the field then I'd jump on it ASAP so that's why I'd like to know.
EDIT: What's wrong with financial advisor positions and why would that be a poor job choice right now if I want to go into IM later?
The situation is different than what it used to be. More and more high school students can read articles about how much investment management at hedge funds can net you per year. Yes I admit I am one of them. I just finished an internship for 6 months at State Street Global Advisors. My internship consisted of deciding/analyzing prices/deciding on which investment areas we should be looking, shorting, options, stocks, etc, whatever.
And I was so fcking glad it was just an internship, so if I fcked up somehow it didn't matter as much. Because all I had to do was give opinions/suggest prices for advisors/managers who make the final decisions. I think I literally had 3-4 sleepless nights where I woke up with sweat. Unless you're really able to endure and work hard through pressure, finance is just a road where unless you have a huge amount of experience, you basically don't get to take a shot.
Clients nowadays are actually smarter and are coming up with strategies. And being honest, (yes I am only 21 and had shitty amount of experience maybe even compared to you) your qualifications are basically next to nothing. I think you'd do better staying with engineering. After my internship, I tried to look for a job and it was tough to even get interviews...Sure I had a little experience but there's so much competition it's not like anyone wants to put trust in a lost person like me when there are people with more experience than me.
I'm actually happy I turned away from finance lol