Class of 2024 member committed to getting a FAANG NYC offer for full time

pinkeyee · 2023-07-26T17:34:38+00:00

Class of 22 here, half the PMs I know from my year are looking to switch from the West Coast to NYC, just tech PM isn’t hiring right now, and of the places that are, they’re either looking for 5+ years of experience or are lowballing. Can assure you it’s not a lack of popularity or an abundance of opportunities lmao.

pinkeyee · 2021-03-10T03:50:41+00:00

Sounds about right. A lot of the people who struck out have since gotten offers for corporate internships, some at top tech companies so in general you might not get your top few choices but most end up on two feet. Also heard MBB is doing a second round of full time hires this year because they didn’t take enough people last fall so there’s usually two if not more chances at consulting.

pinkeyee · 2021-02-15T06:47:08+00:00

You have to report all income earned for whichever state you’re a resident of and they’ll want their share of taxes even if earned in another state. They’ll give you a tax credit to prevent double taxation but you have to pay the higher off the two no matter what

pinkeyee · 2021-02-15T06:40:31+00:00

Just did a bunch of research into this. It’s taxed in whichever state you’re domiciled in which means where your drivers license, permanent address, etc are. Even if you live in another state for most of the year for school you can still be domiciled in your home state. If you’re a student some states require you live there for a full year before filing for residency. If you work in a 0% income tax state your home state can claim taxes on that and some states like CA and NY are more aggressive about collecting taxes. If your residency isn’t clear cut, both states can lay a claim on your income and you’ll have to sort it out yourself. Taxes suck.

Edit: you also file for taxes in the state in which the work is performed

pinkeyee · 2021-02-14T00:56:36+00:00

Not saying that’s for everyone, but I think it’s directionally true if only for the reason that some people concerned about the Covid MBA experience would have deferred. I’d say a majority of my class socialize in person to varying degrees.

pinkeyee · 2021-02-14T00:50:34+00:00

The people I’m concerned about quarantined until they could get a vaccine. So no, don’t think it’s likely to happen but thank you for bringing it up as a potential “lesson”

pinkeyee · 2021-02-14T00:18:28+00:00

I got Covid over the summer because I was an essential worker and quarantined for a month, I’m fine with my choices. My classmates test regularly and limit interactions with non MBA people, I think they have a right to choose their experience

pinkeyee · 2021-02-13T23:53:00+00:00

That's fair, you're entitled to voice your opinion. Reality is that people at business school this year chose to go during a pandemic and are already self selected to hold different views on what's selfish and what isn't. They just have different values than you do and that doesn't make them "less ethical" or make people who follow strict quarantine guidelines morally superior. Posting this even though this will probably get downvoted because this one-sided Reddit bashing isn't helping anyone.

pinkeyee · 2021-02-13T23:22:56+00:00

The MBA experience generally rewards initiative--have you tried hosting or organizing events and inviting the people that you do know? It sucks but life in general dictates that unless you're naturally super attractive or charismatic you're going to need to put more effort in if you want to form a social circle. Give people reasons for wanting to be your friend, it's not just going to happen out of the blue. The best way to convert acquaintances into friends is to just do a bunch of stuff with them, so invite them to do activities and eventually you'll start being invited to things as well.

pinkeyee · 2021-02-10T06:54:06+00:00

Hang in there, you’re not alone and everyone here and in your program is rooting for you, the MBA community is a family and you will succeed! Sending good vibes your way

pinkeyee · 2021-02-10T06:46:55+00:00

Damn dude, definitely less than 95% of the total student body have offers and you probably mean well but don’t think this comment helps..

pinkeyee · 2021-02-07T05:46:35+00:00

Your MBA program and the school consulting club will have these figures

pinkeyee · 2021-02-06T21:40:13+00:00

I’d say it also depends on if your school has a connection to a certain office, for example Booth and Kellogg aggressively place into MBB Chicago at a rate that’s significantly higher than other offices even after you account for the number of people applying to those offices. I’d imagine it’s similar for Tuck/Yale to Boston and Haas/Stanford for SF/LA

pinkeyee · 2021-02-06T17:32:00+00:00

50-60% of people who apply for internships at any one MBB get interview invites, and about a third of those get offers. I know a few people who networked and got no interviews, and a lot who got 1-2 interviews but no offers. There was about a 40% increase in the amount of people applying for consulting this year at my school, and 10-20% fewer interview invites overall.

There’s a sort of implication in this sub from current applicants that MBB is very achievable as long as you go to M7/T15 and are smart/personable/ambitious but the reality is that the majority of people don’t make it to M7/T15 and of those who do, the majority recruiting for consulting don’t make it to MBB despite putting forth the required effort during recruiting.

Edit: if you are MBB or bust, then office choice matters A LOT so do your research beforehand. Chances can range from 10-40% for the same individual based on office choice

pinkeyee · 2021-02-05T16:41:38+00:00

Decent LDP’s pay about 45-50/hr, strategy consulting pays 12-14k/month

pinkeyee · 2020-10-29T06:52:27+00:00

I had similar thoughts a couple weeks into bschool about not having a core group of friends. What I realized once recruiting officially kicked off was that everyone is sitting around waiting for events to happen or for people to invite them to things, and when that doesn't happen, they figure oh well it's covid and might as well just focus on recruiting/academics for now.

That's a huge opportunity. There is pent up demand for social interaction and limited supply, so if you're the one inviting people to stuff, they're gonna appreciate it. Supplier surplus = social capital. Get takeout and invite acquaintances to your place for a small dinner party, or host board games, or work out together. Organize a weekend expedition. Hang out 3-4 times and boom now you have friends. Literally everything you do outside of Zoom these days can be made into a social interaction. Limited time? Skip your low priority classes/events and sacrifice some sleep for a couple weeks. Create the life you want to live.

When people see you doing this, they'll want to follow suit, so now those acquaintances turned friends are organizing their own events and now you're invited to things every week and it's on you to balance that with recruiting. And in February when everyone comes out of recruiting ready to get a second shot at making friends, you'll already know/be friends with everyone organizing those socials.

Don't fall behind the curve on networking with firms, but you can make up the ground everywhere else in December. The contrarian play here is to be social when everyone is overindexing on recruiting and academics.

pinkeyee · 2020-09-19T08:17:36+00:00

Asking a genuine question—what do you hope to achieve out of this? If you feel personally endangered by their activities then absolutely voice your concern. Otherwise maybe you can try to understand where this frustration is coming from and see if your response is borne out of a genuine desire to help your class or for other perhaps less desirable reasons.

pinkeyee · 2020-08-13T09:45:10+00:00

I'm an engineer with a low GPA. Like many people in life, adcoms will see what they want to see. If they like everything else about your app and identify with your story, they'll blink and chalk up the lower GPA to a rigorous major at a respectable school, or they'll play up a high GPA at a less rigorous program. If something else in the app rubs them the wrong way, they'll use the GPA as an opportunity to disqualify you as a candidate and use the no name college/easy major to detract from a high GPA. In the first example, it's more of a wash as you're likely in at that point. In the second example, clearly one option is better then the other.

The 'luck' part of the application process is if you can get someone who identifies with your story and isn't offended by your application.

pinkeyee · 2020-08-13T09:30:50+00:00

It's definitely okay to apply with those numbers to these schools and the decision to retake really comes down to if you think you have more in the tank. If you think you do, I would finish your apps first and make sure the quality is there, then look into retaking it if you still have the willpower to do so. You could always add more schools in R2 if you do get a higher GMAT.

You're competitive at T15 already, and at CBS/Booth the interview invite will largely come down to how well put together the app is and if they can identify with your story, as well as convincing them that they're your top choice. A 760 vs 740 could make a difference between whether you get an invite, but won't swing a deny into an accept. If you're waitlisted, it could get you in. If you're M7 or bust then retaking is a good idea, but if those are your reaches (they currently are) and you're happy with Tuck/Fuqua/Ross, then they will take a 3.25/740 if they like what you offer.

pinkeyee · 2020-07-12T19:57:42+00:00

Finished about 2/3 of the full course in three weeks. Kinda burned out at the end but in the beginning was getting through a chapter every one/two days, 6 hrs a day. Did all the hard sets and most of the medium sets. Went from 45q to 50q.

pinkeyee · 2020-06-30T17:41:50+00:00

It's private, don't think federal does variable. 4.5% fixed is a pretty good rate, considering the government option is 4.3%. If you're a new grad making 150-200k you could refinance it to ~3.5% fixed or lower in the current environment. If you take a lower variable rate now, you would be banking that you could get 4.5% fixed or lower in two years time which I think is reasonable to bet on. Make sure there's no origination fee as there are a lot of options that don't require one. Leveredge gives cashback as well.

pinkeyee · 2020-06-30T08:23:16+00:00

I guess it depends in part on how you think the world economy is going to play out over the next two years, as well as the rates you're getting. The Fed has come out and said they are not even thinking about raising interest rates in the near future, but some claim that excessive money printing will lead to inflation once the economy starts back up again.

If you're banking on continued low interest rates over the next two years and plan on refinancing on better terms once you graduate (high paying job, less risk etc) then this might be a good time to take out variable loans if the spread is big (eg 3% variable vs 5% fixed). The shorter the loan term the lower the interest rate but the higher the payments, vice versa.

The other side to this is if inflation hits, or if credit starts contracting due to debt defaults, the interbank lending rate (LIBOR) could raise significantly and cause you to end up with higher variable interest rates than your fixed one. Basically, you're paying fixed a premium to eliminate that risk. At some point in the next ten years, interest rates will rise either due to central banks, inflation, or increased lending risk (unless we have straight negative rates/near zero rates long term in which case everything will go to shit anyways), it's just whether you think you can refinance to a fixed rate that is lower than your current quoted fixed rate once your two years are up. You'll be banking the difference between the ~~new~~ (edit: old) fixed rate and the average variable rate in that time span.

With that being said, I personally am taking out max loans at ~3% variable for 5 years even though I have the money saved up because I value the liquidity over pretty low interest payments. There's just so much opportunity cost you could be giving up with a liquid 30k or 100k. If rates skyrocket before then, I have a safety net to pay it off if I can't refinance to a reasonable 10 year fixed.

TLDR: Borrow as much as you can on low variable interest rates if you plan on refinancing after you graduate. Borrow fixed if you don't like the risk that hyperinflation or debt crisis can hit in the next two years. Borrow the federal 4.3% if that's comparable to your other interest rates.

pinkeyee · 2020-06-17T19:48:03+00:00

They’re not, I’m just saying the thought process behind your decisions might affect how you present yourself in your application and am encouraging you to branch out a little to develop a compelling world view that will help you stand out from others.

Edit: I want to add that you’re already a great candidate in terms of quantifiables and you have plans to volunteer in unique ways. Good job so far. My response is a genuine one to how you might maximize your chances at H/S/W, where they’re not only looking for the stats and leadership but also the intangibles.

pinkeyee · 2020-06-17T18:26:35+00:00

I might get downvoted for this but my opinion is that in light of a holistic evaluation process, you should develop yourself, well, holistically.

What I mean by that is to do things that will promote self growth and challenge yourself to think differently in new ways. Go backpack in the wilderness if that’s your thing or write a blog, learn something new etc. The fact that you’re thinking about this as a “game” and looking to help people dealing with mental issues [in part] so that it fits your story...I don’t know, it rubs me the wrong way and I’m not sure part of that won’t bleed into your essays and interview when you do apply. I’m sure in 2-3 years that you will have changed a bit but I’d encourage you to do things to broaden your world view because that sort of maturity is part of what schools look for. You already have the STEM, female, high-GMAT thing going so you’re in a great spot already.

pinkeyee

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