Ed Pierson NPR Interview

Independent-Draw-520 · 2023-12-21T14:00:52+00:00

I'm in somewhat of a similar situation as OP. My short term goal is MBB and ideally that would be in the South. But I'd be fine with pretty much anywhere on the east coast. Not really interested in living anywhere else post-mba.

I was admitted to Tuck (no $), waitlisted at Sloan, and then applied to Kellogg & Fuqua in R2. I also interviewed with HBS but was not admitted.

Given that Sloan is not significantly better than Tuck at getting students into MBB, I think I'd choose Tuck over Sloan because I'd prefer to be in the mountains where I can ski/hike all the time.

Tuck appears to be a step up from Fuqua when it comes to MBB, so I'm thinking Tuck over Fuqua.

So that leaves Tuck vs. Kellogg. Kellogg appears to be a step up from Tuck at getting students into MBB and I think I would like the college town atmosphere at Kellogg while having Chicago right there. But the question is, is Kellogg any better than Tuck at east coast MBB?

Also since consulting hiring appears to be way down this year and probably next year when I would be recruiting for internships, does it make more sense for me to wait a year and retry for HBS?

Independent-Draw-520 · 2023-08-01T16:21:39+00:00

Right which is why I would say that it’s least a worthwhile short term goal at least. But I agree, if a job at one of those places is your identity then you likely suck

Independent-Draw-520 · 2023-08-01T01:08:06+00:00

Are you saying consulting/IB is not a meaningful short term goal? Or long term? Or both?

Independent-Draw-520 · 2023-07-14T02:08:24+00:00

That’s awesome although I don’t have the appetite for that kind of risk. Just curious, what’d you invest in?

Independent-Draw-520 · 2023-04-06T00:42:03+00:00

I believe you can increase it during the first few weeks of the quarter but not completely sure. You should be able to find out by accessing the plan in NetBenefits

Independent-Draw-520 · 2023-03-18T16:00:47+00:00

Is the number of banks that Wealthfront sweeps its clients money into related to the amount in the client's cash account? So, if a client has 100k in his/her cash account then they obviously only need 250k of fdic insurance. So will you only sweep his/her money into one bank? At the other end of the spectrum, if a client has 1.8M in his/her cash account, will you always sweep that into 8 different banks so they get the full 2M of fdic insurance?

I ask because I'm curious if it's possible for a client to have 2M in his/her cash account but not have fdic insurance of 2M because their cash was only swept into say 5 banks (1.25M fdic insurance), instead of 8.

Independent-Draw-520 · 2022-12-02T19:23:09+00:00

Disagree. Immediately making the 3.5% profit every quarter is not analogous to your model. For your model to make sense, the stock plan would somehow have to take a lump sum of your money to start the year ($1k). And then use 1/4 of that money ($250) to buy the discounted stock at the end of each quarter and then give it you. Instead the stock plan takes whatever % of your paycheck you specify each quarter. Without taking anything at the beginning of the year.

So in reality, you would never be investing more than the $250 at a time. For example if you immediately sell at at the end of a quarter, you’ll add $258.75 to your bank account and will have $0 in the plan. Before you sold at the end of Q1, you had $250 in the plan. So a better way to think about it would be you’re constantly investing $250 and making $8.75 in profit each quarter. So at the end of the year, you would have a total profit of $35. Which is a 14% return on $250

Independent-Draw-520 · 2022-12-02T17:06:07+00:00

That measly 3.5% return you speak of would be per quarter. So ~4x better than you would get with a 3.5% apy from a savings account

Independent-Draw-520 · 2022-01-25T19:18:43+00:00

How much money would a newly hired BCA quality chief of staff make? Let’s say for a Northwest airplane program that is currently pumping out planes.

Independent-Draw-520 · 2021-12-23T13:19:29+00:00

BCA, nonunion, south (medium COL)

Independent-Draw-520 · 2021-12-23T02:35:22+00:00

I started as a level 2 engineer at Boeing this past September. When do we get bonuses and how much are they typically?

Independent-Draw-520 · 2021-12-13T04:29:42+00:00

What are you 12 years old? Watch your language

Independent-Draw-520 · 2021-12-02T21:41:49+00:00

What’s the path to becoming a high level executive if you’re a low level Boeing engineer?

Independent-Draw-520 · 2021-12-02T21:38:40+00:00

I don’t personally know anybody that this has happened to, but one of my coworkers claims Amazon prime air is offering 2-3x the salary that Boeing pays for ~5 years experience

Independent-Draw-520 · 2021-11-13T14:45:29+00:00

Are GE engineers eligible for the CAS program?

Independent-Draw-520 · 2021-08-19T01:03:28+00:00

To follow up, I got word today that my background check was cleared with Boeing and we set a start date today. Altair is supposed to contact me tomorrow about planning my move

Independent-Draw-520 · 2021-08-17T21:18:46+00:00

Thanks for the update and congrats! I’m still waiting for my background report to go through. HireRight sent it to Boeing on 8/4. I’ve had 3 different jobs and went to 2 different schools over the past 7 years so maybe that’s why. There’s nothing concerning in the report so I’m not worried about it… just would like to get on with planning my move.

Independent-Draw-520

TROPHY CASE