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The truth about Top 5/10 unis etc

Reply 160

16

CitigroupTrader

Re-read my post. Where did I imply it applies to everyone? I never did, you idiot, I clearly spoke from my own personal perspective, and never tried to impose that on others. All I said is that personally I am living a much happier, healthier, fulfilling life because of the money I have, which gives me more opportunities to enjoy the good things in life.

Nice invective. You implied it by making a judgement that you can't make, unless you can slip into a parallel universe and view your life as a PhD student. You think you are happier than if you had taken a different career choice, but you will never know for sure.

Reply 161

President_Ben

15

CitigroupTrader

TSR's Warnings system

Well, the mods are, in my opinion, prone to letting their own opinions conflict with their power of being a moderator.

But c'est la vie...

can the bottom 20% or so of people

Sounds a bit high. 20% is very disruptive... that is roughly a person per team.

Isn't that a bit of a fallacy? Pensioners won't create product whether they consume or not. Giving someone a pension shouldn't significantly affect output, it's just a redistribution of purchasing power.

This shows you are not a (good) economist.

You redistribute from capital goods to consumer goods when you give to pensioners.

Reply 162

Big4Monkey

OP

ChemistBoy

Nice invective. You implied it by making a judgement that you can't make, unless you can slip into a parallel universe and view your life as a PhD student. You think you are happier than if you had taken a different career choice, but you will never know for sure.

I don't need to live on the streets to know that living in a house is more comfortable. I don't need to walk barefoot in broken glass to know it'll be more painful than walking wearing shoes. There's no doubt I'm happier with this career choice than being a PhD student with barely any saveable income to enjoy the finer things in life that I currently can.

Reply 163

Drogue

19

I dunno about being a poor PhD student. My brother's doing very nicely while studying for his. Nice house, money to go out at have fun, gets to travel over the world giving papers at conferences, seems pretty cushtie to me. Academia doesn't all pay crap, most of the tutors I know aren't struggling for money. Companies pay a lot for research.

Reply 164

Knogle

16

Academics are indeed paid very nicely actually. Many of them go into consultancy for top Fortune 500 companies, which pay $$$.

Reply 165

Big4Monkey

OP

In the long term yes decent pay (from publications rather than lectures/tutorials), but as a PhD student the norm is around £12k/yr funding (at most £20k), little surplus cash after living costs.

Reply 166

Wiseguy.

cititrader do you think

University Of Warwick
MSc Financial Mathematics
BSc Mathematics & Economics

will be sufficient to get into IB (front/middle)

Reply 167

fonzievision

14

arsenalfan

cititrader do you think

University Of Warwick
MSc Financial Mathematics
BSc Mathematics & Economics

will be sufficient to get into IB (front/middle)

I'm not him, but it seems pretty decent. Why are you doing the MSc at Warwick instead of Oxbridge/LSE?

Reply 168

lukyeh

Drogue

I dunno about being a poor PhD student. My brother's doing very nicely while studying for his. Nice house, money to go out at have fun, gets to travel over the world giving papers at conferences, seems pretty cushtie to me. Academia doesn't all pay crap, most of the tutors I know aren't struggling for money. Companies pay a lot for research.

He's right, Exeter's E&M tutor is a prime example of this..

Reply 169

Drogue

19

CityTrader

In the long term yes decent pay (from publications rather than lectures/tutorials), but as a PhD student the norm is around £12k/yr funding (at most £20k), little surplus cash after living costs.

£20k tax free goes a long way. It's vastly more than the average graduate salary, which is about £19k, or ~£15k after tax. And an even larger gap to the £6k (£9k 50 week equivilant) that students live on. Plus all the cost benefits of still being a student - no council tax, subsidised stuff from uni. And being in Cambridge, my brother doesn't have transport costs and gets subsidised rent from college. Hence why even being a PhD student he goes Skiing every Christmas, another holiday or two every summer and generally lives very well.

I admit he's not normal, he gets quite a bit more than the £12k stipend (Rolls Royce pay for some of his research), but that isn't so uncommon among his peers. If you're a top student, doing a PhD in something applicable to a business - applied maths, science, economics, business, etc. - you can have quite a nice life even as a PhD student. Sure, it's not the £50k+ you can get in IB, but I'll wager it's the same kind of lifestyle as someone on ~£30k living in central London.

Reply 170

Drogue

19

lukyeh

He's right, Exeter's E&M tutor is a prime example of this..

Dr. Graddy? I didn't know she did any lucrative consultancy! Lovely tutor though :smile:

Reply 171

lukyeh

Drogue

Dr. Graddy? I didn't know she did any lucrative consultancy! Lovely tutor though :smile:

Peter Johnson. Good bloke.

Reply 172

President_Ben

15

The PhD student gets minimal progression. The banker gets tremendous progression.

Reply 173

Drogue

19

Oh, I'm not saying they earn *loads* at all, as in compared to bankers. I'm just saying the vision of the PhD student as being impoverished, in the same way undergrads are, isn't quite true. It's not the same as living like a normal student, because normal students have less than half the cash.

Reply 174

FurbyMaX

How is University of Bocconi (in Milan, Italy) viewed?
I want to restart my undergraduate studies over there, getting onto the "Economics & Finance" UG degree. It is supposedly the toughest of the degrees (to get accepted in) at Bocconi.

I specifically want to know if it is comparable to the top 5 uk universities. Are foreign reputable universities at a disadvantage when compared to the top uk ones in terms of London IB BB FO employment? How do you rate Bocconi?

Thanks

Reply 175

Brown Patrick Bateman

10

FurbyMaX

How is University of Bocconi (in Milan, Italy) viewed?

Very good, every Italian from my grad programme is from there.

Reply 176

kahler_potential

11

Bocconi is easily good enough. However, like all degrees, it can't get you a job in IB, it can only open the door.

Reply 177

Octavius85

3

is there actually a degree that can get you the job..?

Reply 178

breakdance

I spoke to an executive director at Goldman Sachs yesterday and sadly he didnt mention a particular degree that would definitely result in employment...

Reply 179

material breach

12

On materialism:

Seneca:

"What difference does it make how much you have? What you do not have amounts to much more."

The truth about Top 5/10 unis etc

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