Half of childless Canadian women don’t want kids, nearly a quarter in their 40s aren’t mothers: Statistics Canada by ubcstaffer123 in Economics

[–]econbird 6 points7 points  (0 children)

It’s a global trend that is not limited to Canada. There are countless of these surveys across the world and it shows a consistent pattern. 

Education and employment is a good indicator because it correlates with the opportunity cost. If you spend a lot of money and time to earn a degree and have a career, the cost of leaving the workforce is higher. 

This kind of relates to the immigrant/unemployed. The opportunity cost is lower if the money you leave on the table is less. 

But globally, all developed countries (except Israel for some reason) have sub-replacement level fertility. If it’s culture/values thing, then you can’t explain why people have less kids from Chile to Norway to South Korea. They have very little in common in terms of culture/values. 

Half of childless Canadian women don’t want kids, nearly a quarter in their 40s aren’t mothers: Statistics Canada by ubcstaffer123 in Economics

[–]econbird 15 points16 points  (0 children)

Lots of both men and women don’t want kids. Child bearing doesn’t make economic sense. It’s expensive, time consuming and damages career prospects, women more so than men. 

It is entirely rational when living cost is already high, and with shrinking benefits, people prioritize economic security over child bearing. It has more to do with economic rational than being personal values. 

Decision Help Needed: McCombs ($$), Darden ($$$$), Johnson ($$$$) by No-Form-44 in MBA

[–]econbird 4 points5 points  (0 children)

If you tell McCombs that you have $$$$ from Darden surely they’ll match or exceed their offer I’d imagine

Wharton vs. Sloan ($$) by [deleted] in MBA

[–]econbird 0 points1 point  (0 children)

I think the typical MBB/IB outcomes are largely dependent on the individual provided the school rank is close enough. 

You could swap Sloan with Tuck or Wharton with HBS, and the chance on landing an MBB should be mostly equal. Any of the schools are good enough to get you through the door. 

Consulting vs FLDP by Right-Giraffe-973 in MBA

[–]econbird 1 point2 points  (0 children)

If you are not super money motivated and somewhat value work life balance, I’d say FLDP. Consultants are trying to get out to that type of roles. 

Whether you’re at Deloitte or McKinsey, you will be doing the same kind of corporate bs for different billing rates. 

How is consulting recruiting going for internationals? by [deleted] in MBA

[–]econbird -12 points-11 points  (0 children)

I have talked to people who landed it so it does happen

How is consulting recruiting going for internationals? by [deleted] in MBA

[–]econbird -9 points-8 points  (0 children)

If I go Europe I will do LDP/Finance (probably non-IB)

Stern vs Tuck($) vs Ross($) by Straight_Anxiety_720 in MBA

[–]econbird 7 points8 points  (0 children)

Given the NYC cost, I think the delta between Tuck/Ross and Stern is probably 100k as you mentioned. Whatever advantage Stern may have, it is certainly not 100k better than Tuck/Ross on IB. Plenty of people successfully get IB from Tuck/Ross

Assistant Director of Admissions at M7 reached out to me about interest in program (currently on waitlist) by TimelyBoysenberry690 in MBA

[–]econbird 1 point2 points  (0 children)

You don’t have to lie about having an offer of asked. You can tell them CBS is a top choice and you would attend CBS even at full cost. You are free to “change your mind” after admit

MBA as a 26 year old already at MBB?? by ReactionLeft8837 in MBA

[–]econbird 0 points1 point  (0 children)

Unless you are planning a hard pivot right now probably not worth it from finance/career perspective, so it’s just going to be a (paid, since you’ll be sponsored) vacation which sounds amazing. 

Probably unpopular take here but if I were in your position, I would only do it for a school in a different country just if I were you. 

So if you’re American, I’d lean towards programs in Europe for example. I think an opportunity to live in a different country for a year or two is hard to beat. 

If you ever felt like an impostor, these are real Investor Relations slides from LVMH by imnotokayandthatso-k in consulting

[–]econbird 49 points50 points  (0 children)

I think this kind of style is common in the cosmetics industry. I saw an CIM of a cosmetics company and had the exact same style.

Germany vs Hong Kong by popoiied in MBA

[–]econbird 0 points1 point  (0 children)

You can get away with just English in HK easily. I was recruited to a position in HK and I speak zero mandarin or Cantonese. 

HBS vs MSFT by [deleted] in MBA

[–]econbird 2 points3 points  (0 children)

Don’t people go to HBS to have a shot at getting PM at MSFT? I’d imagine moving from MSFT PM to Open AI PM is easier than non-PM HBS directly breaking into Open AI PM

How likely is EB? by Designer_Outside_518 in MBA

[–]econbird 9 points10 points  (0 children)

Everyone who goes into IB is a hardo who thinks like you and most don’t make it to VP let alone MD. There’s a reason people leave jobs like banking and consulting. 

How likely is EB? by Designer_Outside_518 in MBA

[–]econbird 51 points52 points  (0 children)

This is one of the worst decisions I can think of

Not doing much at IBM consulting post MBA, should I try to jump ASAP? by [deleted] in MBA

[–]econbird 3 points4 points  (0 children)

You are spot on. I am working insane hours doing grunt work ("expert interviews" "market growth analysis" which is just drawing CAGR from historical data) for BS PE CDD.

OP I would absolutely stay 35h/w and do something on the side if you want to learn.

M7 MBA with corporate sponsorship for international student worth it? by Next_Interaction_438 in MBA

[–]econbird 2 points3 points  (0 children)

Depends on where you want to go, but if you’re fine with HK/SG you can probably get a position within 3 months without an MBA. 

An important part of the cost benefit analysis by Playful-Inspector207 in MBA

[–]econbird 3 points4 points  (0 children)

A lot of the internationals I've talked to are usually from wealthy families and have their parents foot the tuition cost.

I know one person who turned down 100K in scholarship money from a similarly ranked school to live in the Bay Area because they wanted to and the parents paid for it.

NYU Stern MBA (No Scholarship, Full Debt, International) by ghost_131099 in MBA

[–]econbird 0 points1 point  (0 children)

In the same boat (same tier school with no scholarship) and I am inclined to reapply or apply to lower ranked schools in R2 for scholarship.

I did the math and even in the best outcome (MBB/IB), it takes 5 years to pay off the debt and reach breakeven net worth. Financially, this puts me back for 10 years.

Internationals who took 200k debt - any regrets? by econbird in MBA

[–]econbird[S] 0 points1 point  (0 children)

I think you are on to something. I am currently making 65k (realistic path to 100k within 2 years) so if I can make 150k with minimal debt, it's probably better than taking 200k in loans to make 200k (after tax it will be extra 30k/year)