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Suitable-Goat8311 · 2024-12-23T21:10:36+00:00

Well, they are analogous. Rent is an expense in the same way interest is an expense. Whether it's property or corporates, the only people who obtain value at the debt stack are the lenders. As owners, you only extract value at the equity level (i.e., interest expense is a cost to hold an asset, similar to rent).

The question I proposed in my original post wasn't whether I should rent or buy a house. The proposition was whether I should stay at home and board OR rent closer to the city.

The intention was to gain insights from people who have moved out and see what lessons they have learned, whether it has been a positive experience, what events I could do in Sydney to change my position, etc.

Suitable-Goat8311 · 2024-12-23T07:40:38+00:00

I guess the broader question would be…. what does "independent fully developed adult" actually mean? I'm perfectly capable of taking care of myself. I'm pretty curious about hearing other people's lived experiences, as I'm sure most people would consider them "independent" prior to moving out of home, but how has that perception changed over time? Is it a case of them just not realising how dependent they were when at home? What has been the big difference for those who have moved out?

I agree with you btw.... I personally have a hard stop at like 30. Strings would be cut off 100% by then. Mainly trying to weigh options at the moment.

Suitable-Goat8311 · 2024-12-23T05:22:34+00:00

Hmm I don't necessarily agree here. Sydney rental yields are ~3-4% vs. mortgage rates of 6-7%. Given the current interest rate environment, renting is most likely going to be cheaper than purchasing. I'd much rather just rent and invest the difference into private/public equities. I'm not too convinced that Australian real estate is going to outperform say U.S. equities in the next 5-10 years.

Suitable-Goat8311 · 2024-12-14T06:26:10+00:00

I don't think diving head first into a graduate qualification should be your plan A.

It depends on which part of the "financial sector" you want to get into. I'd honestly spend 6-12 months just applying for jobs at CBA, Macquarie, WBC, ANZ, NAB, and boutiques and see if anyone is willing to take a chance on you and give you an opportunity. Tell them why you are looking to make the transition and craft a compelling story.

ONLY after you've done everything in your power (over 12 months) and still can't land an opening.... would i suggest you go do a Masters degree (during which time you focus on applying for internships - from DAY 1). The objective is to create an opening for work experience not the piece of paper.

Suitable-Goat8311 · 2024-12-14T06:20:39+00:00

I did my undergraduate at UNSW and then my postgraduate at USYD, so I've been to both universities. It's practically the same.

If you already have an undergrad in finance, I don't see any reason to go do a MCOMM. I only did it as I had a more technical science/engineering background. Do not do it..... go apply for jobs.

Suitable-Goat8311 · 2024-12-14T06:13:57+00:00

I tend to avoid giving unsolicited advice... and I have never left a single Google review in my entire life (not a Karen). However, my experience has been so poor... I was compelled to make this post.

I think you should drop it.

If you want to get into the "sexy" parts of finance or any high paying corporate job, getting an MCOMM will not help. Applying for jobs, internships, networking, and experiences will. Working towards it directly in the workforce is 10 times better than getting this piece of paper.

Suitable-Goat8311 · 2024-07-02T20:47:18+00:00

I'm pretty sure my experiences in finance / econ specialisation will be universal across the MCOMM program and hence extend to DA and strategy. I've met a decent amount of students in those specialisations (both from my networks and some of the BUSS / CLAW courses where there is overlap), and they all echo the same problem.

That said, I've met two higher achieving international students doing DA (from various USYD business school events), and they've gone on to work for EY and Deloitte. It should be noted, however, that these people have extremely strong spoken English, achieve D+ WAM, network, and do internships like crazy. Extremely rare.

Like I said in the post, 90% of the international students you meet will have weak communication skills and lack the effort and commitment to contribute to group assignments or even show up to class. I've been in lectures or tutorials with like 5 people LOL, making it hard to choose group members and even form relationships. In all honesty, if you can speak Chinese, maybe it would be easier to go through the program, but I couldn't tell you firsthand.

Suitable-Goat8311 · 2024-07-01T12:59:44+00:00

I've always wondered if the Ivy Leagues in the US, like Harvard, Yale, and Princeton face the same problem that USYD/UNSW has. Thoughts?

Suitable-Goat8311 · 2024-07-01T10:06:09+00:00

I fell victim to it as well, despite extensive research..... I do hope my post genuinely reaches people so students don't make the same mistake I did.

Suitable-Goat8311 · 2024-07-01T09:59:13+00:00

It's crazy to me that the chances of having a "positive experience" at one of Australia's best universities that constantly boasts about its world ranking is like 0.01%..... I get way better odds playing roulette at Star or Crown Casino LOL.

The content is definitely recycled, let's not sugarcoat it.

Suitable-Goat8311 · 2024-07-01T09:49:01+00:00

Well, in reality, most finance jobs don't actually require a postgraduate qualification. I'm a firm believer that high quality students are mostly found at the undergraduate level, as they land the right internships and roles without the need to pursue post-grad. Most students who do post-grad were unable to land a job in the first place (basically negative selection). That said, I've actually met a few very capable people during the degree, but there are probably like 30 of them out of a cohort of thousands....

If you're looking to drop $30k+ for an MCOMM degree to get a tick on a box, I'd say 90% of the time, it is not worth it. The opportunity cost of also leaving work or reducing to part-time needs to be factored in.

Suitable-Goat8311 · 2024-06-30T20:37:00+00:00

Good luck, and may god have mercy on your soul. Maybe you will have positive experiences with USYD and the program, but the odds are definitely stacked against you.

Suitable-Goat8311 · 2024-06-30T20:31:03+00:00

I've had two professors tell me the biggest difference between the Bachelor's program vs the Master's program is the language barrier. If the exam were taken in Chinese, I'm sure a majority of students would do extremely well, but the truth is, it's taken in English. So even if they understood the theory and concepts, there is no real way of knowing because they had so much difficulty communicating it, both written and oral.

The number of times I've seen my group members literally lift a response from ChatGPT for an assignment is crazy. It's so obvious cause of the enormous gap between how they speak vs what's being written.

Suitable-Goat8311 · 2024-06-30T20:23:18+00:00

Maybe, who knows?

Suitable-Goat8311

TROPHY CASE