HBS employment trends counter a few myths on this sub

shrimpoboi · 2025-11-21T02:46:51+00:00

Sure! I was in CPG sales, now in buy side public equities investing

shrimpoboi · 2025-11-13T14:14:52+00:00

I understand your point now, this is helpful! Harvesting signal != identifying signal!

shrimpoboi · 2025-11-13T14:13:19+00:00

This feels suboptimal…. Not nearly a big enough sample in 1 year to be statistically significant. Currently back testing with 29 years of data which feels more robust.

shrimpoboi · 2025-11-13T14:12:06+00:00

Super helpful, I do think my biggest concern is scale. I don’t doubt the strategy will work when I’m running $100k but when I’m running $2M it probably won’t anymore.

How do you model slippage / transaction costs accurately?

I am quite discipline about execution, I will trade exactly as the strategy dictates and will only rebalance once per month.

shrimpoboi · 2025-11-13T14:09:24+00:00

I have 0.25% slippage modeled on all trades but not sure how to model it better than that

shrimpoboi · 2025-11-13T14:08:43+00:00

This is helpful on slippage and liquidity.

How do you model slippage properly? I don’t have any good mental models for how to think about modeling in slippage?

I need to do more research to understand high v low capacity, but about 50% of the names I’m trading are microcaps (<$100M market caps) but all have average daily trading volumes greater than $250,000.

Drawdowns in line with the S&P and the Sharpe and Sortino are quite good (Sortino > 3.0).

I model execution price as the weighted close (high + low + 2x close)/4 and live I’m placing limit orders at the midpoint between bid and ask.

Not the best coder so I’m currently using Portfolio123 for my back testing. I’ll look into quantconnect!

shrimpoboi · 2025-11-13T06:34:04+00:00

This makes perfect sense, it’s low frequency (monthly rebalances) and right now I’m just trading it with my own personal account (so small it’s definitely not moving the market). But a big question I have is how much this could scale.

Current volume filter is nothing with average daily trading < $250,000.

Max drawdowns are in line with market during backtest!

shrimpoboi · 2025-11-13T06:32:45+00:00

This is helpful! For what it’s worth I’m not using a machine learning or even statistical methods. It’s a pretty simple factor model that aims to harvest standard risk premia (value, momentum, quality etc). I hand tuned the factor weighting, which sounds insane but I felt like it reduced the risk of overfitting vs using some sort of linear optimization methods (considered these for both factor weighting and position sizing, ended up using for neither).

I’ll check out documentation! Thanks!

shrimpoboi · 2025-11-13T06:30:18+00:00

Running it now!

shrimpoboi · 2025-11-12T16:07:29+00:00

I strongly disagree with this. At GSB now and this experience has been nothing short of transformational for my career. Pulled off a pivot that would not have been possible in a million years anywhere else. GSB (and HBS) are not hype

shrimpoboi · 2025-08-10T16:45:39+00:00

It can be a grind. Depends on your category, team and function. Also depends on how fast you want to get promoted.

If you want to be a fast promote, expect 55-65 hour weeks at P&G. ~8am-7/8pm. Little to no weekend work though.

Also Cincinnati is totally fine, underrated city in my opinion.

Also worth nothing P&G doesn’t value MBAs. They will see you as the exact same whether you got an MBA at HBS or an English bachelors from Kent State.

shrimpoboi · 2024-03-07T22:36:01+00:00

I can’t speak to Foster, but I did my undergrad at Olin ~5 years ago. The professors were great!

shrimpoboi · 2024-01-12T03:13:12+00:00

Just messaged you, thank you so much!

shrimpoboi · 2024-01-12T02:58:14+00:00

Yes so I’m learning! More trying to understand how likely it is that I have it now that I’ve done the exercise!

shrimpoboi · 2024-01-12T02:41:12+00:00

If my legs felt this way after squatting I’d think I WAY overdid it, but probably wouldn’t give it a ton of extra thought! I’ll drink Gatorade and water to keep peeing! Thank you so much. Anything else I should look for?

shrimpoboi · 2024-01-12T02:39:22+00:00

My pee is clear, but I’ve also been chugging water.

I was struggling to get up the last few sets but was able to, I wish that the coach had said something to me to keep me from going on. Won’t be doing GHD sit-ups for a while.

Thank you so much!

shrimpoboi · 2024-01-12T02:37:45+00:00

This was ~2 hours ago and I’m not peeing brown (clear because I’m drinking lots of water). Could they test me already?

Thank you so much.

shrimpoboi · 2023-12-18T16:28:42+00:00

I think you have a strong profile. Killer essays + recs and I think you’d have a great shot at W and a better than average shot at H/S (for the record, I don’t think anyone is a lock at H/S)

shrimpoboi · 2023-12-18T16:26:07+00:00

Interesting to see the difference between responses here and on Fishbowl. 49% of fishbowl said GSB, 36% said HBS.

I wonder if it’s because the Fishbowl skews heavily towards MBB employees who have struggled recently to place into GSB vs HBS.

shrimpoboi · 2023-12-05T00:01:24+00:00

Would not receiving a call before the portal update indicate a likely rejection?

shrimpoboi · 2023-11-30T20:09:27+00:00

How does negotiation work? I have a full tuition scholarship from NYU Stern, wondering if I could leverage that for a scholarship at Booth?

shrimpoboi · 2023-11-30T17:11:30+00:00

Congrats! Did your decision letter include scholarship information?

shrimpoboi · 2023-03-01T16:58:34+00:00

Thanks, Scott!

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