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  #51  
Old 01-05-2018, 01:03 PM
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Originally Posted by ronaldy27 View Post
What's W?
Wharton. I guess the rest of UPenn doesn't count
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  #52  
Old 01-05-2018, 01:16 PM
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Usually, its HYPSM and not HYPW

That is a new one for me.
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  #53  
Old 01-05-2018, 01:31 PM
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Yet, I consider myself as a failure and still to this day, every f day, torment over how I screwed up so badly in college. Only if I knew better... Some of it is pure jealousy as a lot of my buddies work in PE, VC or HF, easily clearing 5x, 10x what I'm making.
I wonder if that feeling ever goes away. It probably doesn't. When I was making an EL salary in a low COL area, I was pretty happy with the comfort it provided. But, as I've progressed, I've come into contact with people who make many times what I do, so it gives me a feeling that maybe I didn't apply myself as much as I should have. As a result, my money goals have been ever-increasing.

However, when you're making a million, you'll be socializing with people who have hundreds of millions who may even be younger than you are. I know this sounds like donkey talk, but I suppose if you don't find your happy place at a certain level of net worth, you never will.
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  #54  
Old 01-05-2018, 02:08 PM
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Wharton. I guess the rest of UPenn doesn't count
That's a stupid way of seeing it imo.

Yale is good for law and business but what else are they outstanding for?
I'm sure UPenn is good for other things too.
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  #55  
Old 01-05-2018, 02:22 PM
terrytao terrytao is offline
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W = Wharton. HYPW is pretty standard too, and I prefaced ivy. Obviously stanford/mit/caltech is top of tier-1 no doubt. Just saying I have bachelors in math with whopping 2.5 gpa from one of top 15 programs, not top 5.

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There are ways out...assuming you aren't living paycheck to paycheck with that FSA salary of yours. You can get into banking if you get an MBA. Do you really care about a 50k pay cut if you can make > $1m in a few years? For tech...you can get a nice job after a masters or you can get your foot in the door at a lower level job and work your way up.

But, if you're unhappy just mostly because you're bored, could you not do something else with your FSA? There are some interesting actuarial jobs out there as well.
Yes I thought about MBA or MFE, but it's difficult and risky.

If I take 2 years off to go to MBA, short term i'm down minimum 500k (2 years of missed pay + tuition + low salary getting back in.. let's hope i get right back into industry haha). Survival is not an issue with wife's pay and savings, and I don't live lavishly by any means. But 500k is still a lot of money to let go short term when you have toddlers, mortgage to pay in tristate area.

"50k pay cut in year 3 but make >1m in a few years"? - easier said than done. This is an absolute best case scenario. I say it's feasible but there's no guarantee. Especially when you have your money, career, family at stake to certain degree, it's a tough bet to make. Personally I don't see positive EV out of this.

Another practical concern is, can I get into MBA/MFE (that is good enough to justify my value proposition). Remember, I have 2.5 gpa. FSA may be valuable where I am, but will grad schools care? Guess i can try at least.

Something more interesting with FSA? - unsuccessfully tried lateral into investment/port mgmt. yet to find anything super interesting, and i've been in life insco for 10 years now so have a decent feel for what's out there. 'what's interesting' is highly personal and i want either super quantitative, or fast-paced with high risk/reward. why don't you recommend me a few.

i have no intention to bash actuarial career. for all youngins and potential career changers, please visit beanactuary.org. it's been good to this near college dropout, for the most part. it just pains me to know that i could've done better had i not screwed up. everything looks better in hindsight.

Last edited by terrytao; 01-05-2018 at 02:33 PM..
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  #56  
Old 01-05-2018, 02:27 PM
terrytao terrytao is offline
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Originally Posted by Colonel Smoothie View Post
However, when you're making a million, you'll be socializing with people who have hundreds of millions who may even be younger than you are. I know this sounds like donkey talk, but I suppose if you don't find your happy place at a certain level of net worth, you never will.
absolutely agree, but i bet you'll want to be unhappy making 1 mil rather than be unhappy making a quarter mil.
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  #57  
Old 01-05-2018, 03:07 PM
extrovertedactuary extrovertedactuary is offline
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Originally Posted by terrytao View Post
W = Wharton. HYPW is pretty standard too, and I prefaced ivy. Obviously stanford/mit/caltech is top of tier-1 no doubt. Just saying I have bachelors in math with whopping 2.5 gpa from one of top 15 programs, not top 5.



Yes I thought about MBA or MFE, but it's difficult and risky.

If I take 2 years off to go to MBA, short term i'm down minimum 500k (2 years of missed pay + tuition + low salary getting back in.. let's hope i get right back into industry haha). Survival is not an issue with wife's pay and savings, and I don't live lavishly by any means. But 500k is still a lot of money to let go short term when you have toddlers, mortgage to pay in tristate area.

"50k pay cut in year 3 but make >1m in a few years"? - easier said than done. This is an absolute best case scenario. I say it's feasible but there's no guarantee. Especially when you have your money, career, family at stake to certain degree, it's a tough bet to make. Personally I don't see positive EV out of this.

Another practical concern is, can I get into MBA/MFE (that is good enough to justify my value proposition). Remember, I have 2.5 gpa. FSA may be valuable where I am, but will grad schools care? Guess i can try at least.

Something more interesting with FSA? - unsuccessfully tried lateral into investment/port mgmt. yet to find anything super interesting, and i've been in life insco for 10 years now so have a decent feel for what's out there. 'what's interesting' is highly personal and i want either super quantitative, or fast-paced with high risk/reward. why don't you recommend me a few.

i have no intention to bash actuarial career. for all youngins and potential career changers, please visit beanactuary.org. it's been good to this near college dropout, for the most part. it just pains me to know that i could've done better had i not screwed up. everything looks better in hindsight.
Did she go to HYP?
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  #58  
Old 01-05-2018, 03:17 PM
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ronaldy27 ronaldy27 is offline
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absolutely agree, but i bet you'll want to be unhappy making 1 mil rather than be unhappy making a quarter mil.
No i disagree. It depends on how unhappy you are in both cases.
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  #59  
Old 01-05-2018, 03:27 PM
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jas66Kent jas66Kent is offline
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Originally Posted by terrytao View Post
W = Wharton. HYPW is pretty standard too, and I prefaced ivy. Obviously stanford/mit/caltech is top of tier-1 no doubt. Just saying I have bachelors in math with whopping 2.5 gpa from one of top 15 programs, not top 5.



Yes I thought about MBA or MFE, but it's difficult and risky.

If I take 2 years off to go to MBA, short term i'm down minimum 500k (2 years of missed pay + tuition + low salary getting back in.. let's hope i get right back into industry haha). Survival is not an issue with wife's pay and savings, and I don't live lavishly by any means. But 500k is still a lot of money to let go short term when you have toddlers, mortgage to pay in tristate area.

"50k pay cut in year 3 but make >1m in a few years"? - easier said than done. This is an absolute best case scenario. I say it's feasible but there's no guarantee. Especially when you have your money, career, family at stake to certain degree, it's a tough bet to make. Personally I don't see positive EV out of this.

Another practical concern is, can I get into MBA/MFE (that is good enough to justify my value proposition). Remember, I have 2.5 gpa. FSA may be valuable where I am, but will grad schools care? Guess i can try at least.

Something more interesting with FSA? - unsuccessfully tried lateral into investment/port mgmt. yet to find anything super interesting, and i've been in life insco for 10 years now so have a decent feel for what's out there. 'what's interesting' is highly personal and i want either super quantitative, or fast-paced with high risk/reward. why don't you recommend me a few.

i have no intention to bash actuarial career. for all youngins and potential career changers, please visit beanactuary.org. it's been good to this near college dropout, for the most part. it just pains me to know that i could've done better had i not screwed up. everything looks better in hindsight.
The solution is quite simple: you do an Executive MBA over 2 years, that way your opportunity cost is much lower.
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  #60  
Old 01-05-2018, 03:32 PM
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ShivamS ShivamS is offline
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That's a stupid way of seeing it imo.

Yale is good for law and business but what else are they outstanding for?
I'm sure UPenn is good for other things too.
Wharton's recruitment opportunities into internships are much better than the rest of the college. The best opportunities are specifically for Wharton students (as opposed to College of Arts and Sciences students). A Wharton student will let you know he is from Wharton (and not Penn).
And acceptance rate into Wharton is like half of the rate for CAS.

That being said, nobody cares after your turn 25
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