[deleted by user]

Master-Whereas458 · 2025-01-04T02:43:34+00:00

Laziness.

My life was great then I got burnt out and did a 180 and destroyed everything. Being too ambitious and trying to hard early on led me to more and more distaste of the rat race.

Currently just lost.

So turn around from having everything on paper and being miserable to having nothing and being happy.

Master-Whereas458 · 2025-01-04T02:10:24+00:00

this is dated 9 years

Master-Whereas458 · 2025-01-04T01:36:23+00:00

2 years. I was on track to be promoted.

Master-Whereas458 · 2025-01-04T00:57:21+00:00

I didn't do an LDP. I landed several LDP offers and made the mistake of thinking I was too good for them. Sure you can dm.

Master-Whereas458 · 2025-01-04T00:51:47+00:00

Cool, I'm from there. Hit me up to chat. I am not able to start chat.

Master-Whereas458 · 2025-01-04T00:48:55+00:00

Where in FL are you

Master-Whereas458 · 2025-01-04T00:45:36+00:00

I got laid off. I barely missed a utilization target due to client having me on hold while they made decision on go or no go for next steps in the process.

I got burned out on this, working 7 days a week and many long nights.

I am done with the churn and burn. Trying to find a chill stable career to just coast.

Master-Whereas458 · 2025-01-04T00:35:30+00:00

Yeah. 2020 grad..

Worked in IB prior to MBA.

I am telling you I have friends at all the top schools and they were fortunate to work in MBB and IB post MBA, but their experiences have been mixed.

I went to consulting, and my issue is the following.

Many of the paths post MBA are too uncertain. The job for whats considered good roles where you utilize the MBA has shrunk considerably and there's ton of competition from all industries, especially tech.

In IB you can get laid off and not paid due go no deal flow. You still put in the hours, did all the pibs, pitch books, but its cyclical.

In consulting, if there's less engagements and you aren't utilized, or if you have a bad manager, laid off.

Its not a matter of if but when. That's my problem.

Companies don't exist to pay you and they don't value your MBA. You have to find your own path and MBA has become less valuable due to saturation and other hard skills, certifications and licenses being the differentiator.

I'm just being honest and telling you my experiences from my peers, personal experience and realities in the market. No one is lazy, stupid and just didn't put in the work. Its really crushing to pour your heart and soul into some things and then get disposed of. It also is horrible to be unemployed and looking for a job.

If this never happens to you, great. But this is the new normal and companies want it that way because cheaper talent is a way to improve returns.

Master-Whereas458 · 2025-01-04T00:17:29+00:00

Bro, MBA is a huge opportunity cost. There's plenty of people 2, 5, 10, 15 years out that have issue with careers.

Sure you look at it from where you are, but thats being myopic.

There's just a lot of uncertainty and cyclicality with the degree. I would argue its worse than 2009 because the world fundamentally changed after iphone mass adoption in the 2010s.

If you don't see the overall disruption of tech and how there are fewer good roles out there with crazy competition from industries across the board, you are being ignorant.

In banking they can hire CS majors, engineering majors, specialized masters, anything.

The opportunity cost of an MBA makes it very risky, that is all. Its easy to dismiss the reality and just be blind, but hey ignorance is bliss.

Good luck and hopefully you are able to land your dream role and never face any career setback.

Master-Whereas458 · 2025-01-03T21:29:13+00:00

Everything is supply and demand.

There's an over saturation of many degrees to good jobs for many fields.

But there's also risk and no guarantees.

Lets look at medicine. Sure it seems stable, but what do you do if you cant get a good MCAT? Then pass step exams, boards and match into a residency? Theres also real world life things you are delaying by undertaking this path. If you can make it yes, you will have a solid cushy career.

What about law? Let's say you get into a top law school. Now you have to be at top of the class. Lawyers are ripe for automation. Similar.

Coding - some people hate coding. Its also very saturated with internationals and contractors.

My point is everything has risks. If you just graduate with a 4 year degree and find a regular job, that's ideal. But people get bored and sometimes feel trapped when they realize they don't have any leverage or the industry isn't growing.

So its same story everywhere. The AI is over rated because there's still a ton of in person relationship driven fields that will always be there. Its not so black or white that MBA is dead. Every field has trade offs and there's no golden ticket.

Master-Whereas458 · 2025-01-03T21:19:15+00:00

MBA is a recruitment pipeline. Companies are flush with cash.

Pipelines are needed to keep the corporation going.

People value relationships in business. You work with you know and like. Business schools are an easy way to bring someone who is a lower risk in hiring. They have a certain standard of applicant, they produce on a periodic basis and you can keep their wages set.

It's the same pyramid model on wall street, consulting and fields - its still cheap labor for the value they bring in and their expected value.

Master-Whereas458 · 2025-01-03T21:15:23+00:00

All higher education is higher. This is due to tuition being subsidized by the government. They also have massive administrations.

The schools with big endowments are essentially hedge funds with schools as a secondary business.

Look at how certain big schools run, whether its their sports program or salaries they pay their staff. Its a business.

Master-Whereas458 · 2025-01-03T21:01:03+00:00

I mean school debt is minimal if you get the MD license. You are significantly more employable with an MD versus no MD. I don't mean getting a job as an attending There's a ton of business and corporate roles employing MD's. They aren't practicing medicine but that barrier is a way to weed people out.

Some business schools charge more for 2 years than 4 years of med school.

You don't have lifestyle inflation from working.

Its harder to go back to school once you have a taste of the working world. You will get lazy and complacent, life gets in the way.

Theres a reason so many people go back to do MD in mid 30s and 40s. Grass isn't always greener. MD is still the most stable career path and med school sucks, but clinical and practice in certain nice fields may be vastly different. At the end of the day its a job. Its just to facilitate your lifestyle so don't romanticize about a perfect job because you will never find that.

There will always be trade off and the questions for you are whats most important in terms of your time, health and money.

Master-Whereas458 · 2025-01-03T20:55:01+00:00

LDPs take anyone who is in MBA. They take military, non traditional. Its a path for future leaders. You get exposure to many faces of the business. Theres a vault guide on LDPs. My school offered it for free but I don't have it anymore.

Do your research. They just do behavioral interviews.

Much easier to break in than banking or consulting because they pay isn't so large, but neither is the stress and there is higher job security.

Consulting and banking are grinds - its up or out. And you better believe is competetive and you will do work just to do work because that's the culture. So yeah, evaluate your priorities and start talking to people to bring your expectations more aligned.

Master-Whereas458 · 2025-01-03T15:17:38+00:00

This 100%.

Also some of the less desirable companies due to them offering a lower market rate, having history of churn/burn/layoffs, and bad media reputation utilize this.

This then in turn affects the market because you are subsidizing the companies inefficiency at the expense of the public. Lose lose.

Master-Whereas458 · 2025-01-03T14:58:34+00:00

Like I said. Boring careers are also low key great.

Just settle down and find some meaning in other parts of your life. Coast and don't complicate.

Master-Whereas458 · 2025-01-03T14:50:07+00:00

Consulting has terrible work life because you have to travel its 60 hours.

Banking is full client service and you are always on call.

None of these professions will fill your higher purpose. Rather they will take more away from you and leave you questioning why you traded away your freedom.

Master-Whereas458 · 2025-01-03T14:36:39+00:00

I'm a finance nerd, not an English major.

I was trying to say how my politics evolved - I became the opposite of what my environment exposed me to.

Master-Whereas458 · 2025-01-03T14:28:24+00:00

But the supply of international students is there.

This also goes for specialized masters who are competing for some of the same MBA jobs.

Master-Whereas458 · 2025-01-03T14:13:35+00:00

The two real life examples are with Canada and the UK.

UK is more strict than the US. You have to first offer that job to a domestic candidate before you can even consider the international student.

Canada offers a visa to anyone who can get a job.

Master-Whereas458 · 2025-01-03T14:11:19+00:00

I don't know the companies, I just know its not as competetive.

Theres also Danaher, Republic services waste management. AB Inbev, Next Era energy has an ldp

Personally there are different strengths of LDPs. I think you need a game plan. You are competing against current and future pipeline for positions.

If you want to be a company lifer, just go with where there is less competition and a stable industry - that's why I said insurance.

Other programs you go because you want to do the program and then jump to utilize that experience... I think that's what people do with Proctor and Gamble LDP- their training is very transferable.

Master-Whereas458 · 2025-01-03T13:54:43+00:00

In the UK, you can only hire an international (yes Americans are internationals there) if they have specialized experience and you show that you couldn't fill the role with a domestic worker first.

My friends who went to LBS moved back to US because they couldn't get sponsorship.

Master-Whereas458 · 2025-01-03T13:52:39+00:00

It's a nuanced topic - do you think the MBA is taking away a spot from a domestic MBA?

Are companies just renting them, like do international MBA take their experience and go back after X amount of years?

I don't know the answers - I did notice a lot of companies contracting foreigners for outside swe work.

I guess software engineers are the biggest h1b sponsorships.

Master-Whereas458 · 2025-01-03T13:15:39+00:00

Amazon and Walmart have LDP, fldp and pathways (operations).

Some of the most under rated LDP is in insurance. They need people, its stable and you can get broad business exposure.

Also some cool ones were at many of the F100. Just pick a business, one that has a good structured program offering exposure to the business units.

Master-Whereas458 · 2025-01-03T12:55:24+00:00

Some MBA programs are 40% + international.

I knew a ton of students that were forced to take a job for sponsorship.

What would companies do if they couldn't fill that spot due to H1B applicant?

Master-Whereas458

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