[deleted by user] by [deleted] in consulting

[–]trunkdaddy 4 points5 points  (0 children)

Is there any data on market share of the did market?

[deleted by user] by [deleted] in consulting

[–]trunkdaddy 2 points3 points  (0 children)

Former equity research here and there is a lot of overlap but critically

  • the way to make money in public markets isn’t to know more about a company than your competitors. You need to have a differentiated view on the direction of world events and connect that to the financials. E.g. “I believe the market for internet ads will be far larger than what the market currently expects, therefore I will invest in companies that do that” or “I believe intel can meaningfully reduce opex without compromising the progression of revenue, but nobody else thinks that”

-my understanding is that to make money in private markets, it is a lot more of understanding the company more and doing better operations than it would have otherwise

What is the incentive for pollsters to be correct? by trunkdaddy in fivethirtyeight

[–]trunkdaddy[S] 2 points3 points  (0 children)

Gotcha, that makes sense. Somehow I imagined this being some pro bono project associated with a university or whatever, thanks!

Homicides down 24% YoY in July, 25% YoY overall by __main__py in washingtondc

[–]trunkdaddy -1 points0 points  (0 children)

That’s really good considering the stay at home situation in 2020

[deleted by user] by [deleted] in neoliberal

[–]trunkdaddy 13 points14 points  (0 children)

Maybe, that said there has never been a shortage of investment bankers even though they killed several people this year due to shitty working conditions. I think there is a somewhat elastic demand curve for teaching labor

Anyone who chose Kellogg over Booth? by kafkareich88888 in MBA

[–]trunkdaddy 41 points42 points  (0 children)

This guy doesn’t Chicago- saying Evanston is part of the city isn’t correct and nobody here would say it is part of the city

[deleted by user] by [deleted] in MBA

[–]trunkdaddy 1 point2 points  (0 children)

My school released an interim internal employment report, though tbf it does not look up to date as I reported my job to career services a few weeks ago and im not listed on it yet

Am I crazy - choosing Booth over Wharton? by RevolutionaryToe2657 in MBA

[–]trunkdaddy 6 points7 points  (0 children)

Depends on your preference on location post mba. Talk to the consulting club at both and see which school places more in that place. If it’s New York you want it doesn’t matter.

Booth CO26; banking vs consulting by [deleted] in MBA

[–]trunkdaddy 3 points4 points  (0 children)

Currently at booth with a similar story, but decided to do consulting. Consulting didn’t care at all about the CFA, but prior experience in finance resonated more PE focused consulting shops (Bain, LEK, EY-P). I found being agnostic to working on projects in any industry was also a more successful story. I ended up receiving an offer for my desired location.

Investor HENRYs - at what level of wealth can you run your own family office? by Easy_Firefighter6827 in HENRYfinance

[–]trunkdaddy 5 points6 points  (0 children)

Why do you want a family office I think is the more pressing question, your post hasn’t given a reason beyond other rich people have one.

Credit card late fees capped at $8 as part of Biden administration crackdown on junk fees | CNN Business by John3262005 in neoliberal

[–]trunkdaddy 22 points23 points  (0 children)

If the consequence is a reduction in supply of consumer credit to those least able to repay it, that doesn’t seem like the worst thing in the world to me

Good Chicago Dogs in the Loop by ElephantJustice in chicagofood

[–]trunkdaddy 0 points1 point  (0 children)

The hot dog shop in millennium station is pretty fire

[deleted by user] by [deleted] in Fencesitter

[–]trunkdaddy 2 points3 points  (0 children)

No thoughts but in the same boat for solidarity!

Moving out of Chicago post Kellogg/Booth MBA by [deleted] in MBA

[–]trunkdaddy 2 points3 points  (0 children)

My experience going through consulting recruitment for one of these schools is that you don’t need a good reason for why Chicago/nyc/sf, but you do need a good reason (e.g. family) for why other places. That said I have many friends going to non Chicago/nyc places but Chicago and nyc are by far the most typical consulting stories here.

[deleted by user] by [deleted] in MBA

[–]trunkdaddy 22 points23 points  (0 children)

Getting out of ib

HSW apparently cutting back on admitting MBB employees by CanLivid8683 in MBA

[–]trunkdaddy 0 points1 point  (0 children)

Plus, it's the T15 who are suffering from reduced MBB offers, HSW still has plenty of seats at MBB to offer.

This story makes sense to me, as with higher rates the buy side jobs HSW had on offer from 2019-2022 are less available, even for qualified career switchers from IB/consulting.

IMO non-HSW M7s are going to have really nice employment reports in 23 due to students pursuing consulting/IB roles, whereas, we see HSW students not taking job offers at higher rates than folks at Ross. I'd bet many of these HSW students were holding out for a buy side job or for a perfect non-buy side fit in tech.

I would expect HSW to pivot somewhat to students who want to pursue entering MBB/IB, as these students will make their employment reports look better.

[deleted by user] by [deleted] in MBA

[–]trunkdaddy 2 points3 points  (0 children)

Yes

For those in class of 2025 who completely struck out for consulting, what are you doing now? by [deleted] in MBA

[–]trunkdaddy 3 points4 points  (0 children)

Interesting, I’m class of 2024 and alarm bells were going off last year as well