For option 3, guess you won't feel too bad about giving up Wharton if it all works out. But what if you lose your position for whatever reason three or six months into this new job? You probably know the volatility of this industry better than I do.
hf这个game本来就是纯赚钱啊,这个行业跟其他不太一样,我们是进行技术性讨论的。我相信大部分有能力做到hf的人都不见得只是为了钱。很多trader hf manager赚了钱之后回馈社会或者做其他有意义的事情。可是IM本身这个行业either you make money or you lose。讨论人生意义啥的是另外一个topic,不在这个贴的范围里。
hf这个game本来就是纯赚钱啊,这个行业跟其他不太一样,我们是进行技术性讨论的。我相信大部分有能力做到hf的人都不见得只是为了钱。很多trader hf manager赚了钱之后回馈社会或者做其他有意义的事情。可是IM本身这个行业either you make money or you lose。讨论人生意义啥的是另外一个topic,不在这个贴的范围里。
-- by 会员 hissom (2010/4/1 0:50:30)
I think what LZ asked for here was not merely a technical analysis and actually he already said that bschool would probably be a negative NPV investment for him, at least for the short-term. The reason he (and many other people too) are debating with himself is probably because those difficult-to-quatified variables.
Real life is not science. Different people put different weight on each dimension. And at the end of the day, 20 or 30 years from now, it is very difficult to attibute things/benifit to a single input (e.g. bschool, people you meet there, inspirations occured to you then, a certain deal you worked on, or even a random show you watched... ). Would you say the merriment of sharing some school experience with your grandkids worths less or more than the $ you made in 1 or 2 years? Nobody can give an answer...
It is about choice and it is some choice that could bring butterfly effect to one's life...
apologize if it sounds off and maybe I'm just trying to persuade myself...
如果换个角度看,是不是也可以把bschool看做一种life experience? 去新的地方,遇到不一样的人,增加见识(我知道这听起来很土)。我不知道这种想法对BUZINESS school 是不是太过天真,是不是凡事都应该算一算IRR。。。
-- by 会员 moregel (2010/4/1 0:45:05)
I totally agree with you. I think LZ knows that as well, but this is the practical reality of the industry. In retrospect, I really came to appreciate going through the financial crisis when I was young and freshly out of college. Don't get me wrong, it was absolutely scary and morale was low across the entire finance community. But going through something like that, especially when I had little to lose, really gave me a sense of perspective. All that glitters is not gold. When you succeed at a young age, people tend to forget who they really are and what really matters to them. If you lose your high finance job and can no longer afford to drop $$$ for designer goods and bottles at a club, will your life still have meaning?
I am getting off topic here, but your post got me thinking.
The number one thing we learn in management classes: if you don't like the culture of your industry, then leave, before it's too late. If you love it, then good for you! Stay there no matter what
come back to the original post, vote for 3. Simple reason, school is still there if you do not go this year, but opportunity won't be there any more. Ask Wharton to postpone.
To olivermu, if my goall is just to achieve financial freedom, I should retire now to Bali, open a beach bar, flirt with chikcs and enjoy life.
-- by 会员 nspyhk (2010/4/1 0:01:49)
Hey, nspyhk
Pls calm down... I don't know what exactly you want and am just trying to give you some advice. If it gives you some thoughts, then I will feel glad about it. Do not mean to challenge you or make it offensive, yet pursuit for financial freedom is nothing wrong, though life is far larger than that. I believe total spiritual enrichment or freedom is built on financial freedom, but many people still can get happiness and fulfillment through other ways. I do not undervalue your ambition and I know all youngsters do think big. But when you really start something from scratch, it is a different story than being a star trader. In that event, what I said was that either option can be ok but it is you who make difference. School or hands-on experience adds value, but neither is the most critical. Figure out what's appealing to you for both options and know what you want more. In many cases, life is more than just sophisticated calculation.
I used to be staying in Indonesia for 2 yrs. Bali, well, it's ok lah...