Precautionary tale for future Harvard applicants

College Search & Selection
41

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We all know that i-bankers routinely work more than 100 hours a week. That means you have to work 16 or more hours a day Monday through Saturday, and still have to put in 8 hours or more on Sunday. And that's not counting commuting to and from work ... and we all know that commuting in NYC is nightmare.

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<p>Well, the vast majority of Ibanking analysts will live extremely close to where they work, often times literally within walking distance. In fact, there are entire apartment complexes downtown that seem to cater almost exclusively to the Ibanker crowd. It's not really so much the long working hours that really kills you, it's the fact that you have no control over your schedule as you can be summoned to the office at any time, which naturally means that want to live as close as feasible. The fact that you are very well paid also means that you can afford to live quite close.</p>

42

<p>
[quote]
The final figure for graduate is still a lot less than what you claim. Here's why.
Take EE, ECE PhD program at Duke for example
<a href="http://www.gradschool.duke.edu/about...ompleteece.htm%5B/url%5D"&gt;http://www.gradschool.duke.edu/about...ompleteece.htm&lt;/a>
5 years running total matriculated: 104
total graduated: 55
total withdrawn: 47.</p>

<p>Berkeley does not publish this information, but it's something along this line. If you fail the prelim exam for PhD twice, you're out. Pass rate is low.
50% go directly into graduate school, but how many of them actually finished?
Is the one year MEng at MIT graduate school? Is 2 years MS graduate school? If so, they should be done. The number quoted is 5 years after graduation so all MEng, MS people should be done already and not count toward the statistic of those making less than 50k/year.

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<p>I believe you are automatically assuming that everybody enters grad school right after undergrad, yet this is clearly not true. Plenty of people work for a few years and then decide to enter master's and/or PhD programs.</p>

43

<p>

I believe this is a classic example of a post taken out of context.
The post I made in response to molliebatmit claiming that 50% of MIT undergraduate entering graduate school UPON graduation.</p>

44

<p>sakky, are you question my math?</p>

45

<p>ibanking is unpleasant and competitive... does that mean that the workplace politics are the worst, the people most cut-throat, and the back-stabbing most abundant?</p>

<p>i have no problem being a super workaholic, but to be a workaholic + backstabber and politician is really something i don't relish. as if the work weren't overkill by itself.</p>