Is the DW simpson salary survey accurate?

[The President]

The MS IB buy has worked the equivalent of 7.5 years.

[joni308]

Originally Posted by The President

A crappy GPA is a crappy GPA, but hopefully you acknowledge that a Harvard degree is more a status symbol than it is an indication of ability.

I do but I hope you acknowledge too that Panerai watches are very simple watches with nothing that justifies even 1/10 of their 10K+ price tag yet they are very popular and people pay crazy money for them.

Is an average Harvard PhD smarter and more productive than an average something else? Yes. Are they 5X smarter and more productive to justify their 5X salary? No. But maybe yes they are more productive. Because this helps the bank's image and this is how they attract the big money and the respect of their clients (unfortunately this is how it works).

Is a Panerai watch better quality and better looking than a Seiko? Maybe yes. Is it 30X better than a Seiko? Of course not.

[Actuarial Bot]

Originally Posted by joni308

I do but I hope you acknowledge too that Panerai watches are very simple watches with nothing that justifies even 1/10 of their 10K+ price tag yet they are very popular and people pay crazy money for them.

Is an average Harvard PhD smarter and more productive than an average something else? Yes. Are they 5X smarter and more productive to justify their 5X salary? No. But maybe yes they are more productive. Because this helps the bank's image and this is how they attract the big money and the respect of their clients (unfortunately this is how it works).

Is a Panerai watch better quality and better looking than a Seiko? Maybe yes. Is it 30X better than a Seiko? Of course not.

I knew a guy with a Harvard degree and he was stupid. But he was a minority - which explains why he got into Harvard in the first place.

[joni308]

Originally Posted by Actuarial Bot

I knew a guy with a Harvard degree and he was stupid. But he was a minority - which explains why he got into Harvard in the first place.

I understand. Maybe at the time you knew him he wasn't really stupid but stupid only compared to you. That is, maybe at that time you were smart. That is, smart compared to now.

[captain_epsilon]

Originally Posted by joni308

I do but I hope you acknowledge too that Panerai watches are very simple watches with nothing that justifies even 1/10 of their 10K+ price tag yet they are very popular and people pay crazy money for them.

Is an average Harvard PhD smarter and more productive than an average something else? Yes. Are they 5X smarter and more productive to justify their 5X salary? No. But maybe yes they are more productive. Because this helps the bank's image and this is how they attract the big money and the respect of their clients (unfortunately this is how it works).

Is a Panerai watch better quality and better looking than a Seiko? Maybe yes. Is it 30X better than a Seiko? Of course not.

well, i didn't gradute from harvard so maybe i'm just biased, but what you've said here is true yet disgusting. for example, mitt romney graduated from a top school (harvard?). his undergraduate degree was in English! what?? he picked up a MBA afterward but seriously with no mathematics training how could he have suddenly emerged as a financial genius and become the head of bain capital?? well...meanwhile i graduated from po dunk with my meager math degree and computer science minor and economics degree and post-master's degree additional coursework in finance. woe is me for i do not have a lofty name like harvard on my degrees. i am but an intellectual peon roaming the plains in pursuit of guidance from my superiors.

[The President]

Originally Posted by joni308

I do but I hope you acknowledge too that Panerai watches are very simple watches with nothing that justifies even 1/10 of their 10K+ price tag yet they are very popular and people pay crazy money for them.

Is an average Harvard PhD smarter and more productive than an average something else? Yes. Are they 5X smarter and more productive to justify their 5X salary? No. But maybe yes they are more productive. Because this helps the bank's image and this is how they attract the big money and the respect of their clients (unfortunately this is how it works).

Is a Panerai watch better quality and better looking than a Seiko? Maybe yes. Is it 30X better than a Seiko? Of course not.

You pay for the glitter of the degree to get it, and employers pay for the glitter of having a harvard graduate. I would be surprised if the education was any better there than at lower tier school. However I do realize that if they simply attract better students in general, that is what leads to a higher quality candidate.

[matamagato]

i knew a guy from harvard and he was making 800k in his first year. he works for the NBA

[Hendevil]

Originally Posted by matamagato

i knew a guy from harvard and he was making 800k in his first year. he works for the NBA

Yeah, but I heard he hasn't worked well with other big performers lately.

[Actuarial Bot]

Originally Posted by matamagato

i knew a guy from harvard and he was making 800k in his first year. he works for the NBA

I heard the first two firms he worked for fired him.

[matamagato]

yeah he told me they were going to give him a multi million dollar deal but then this one co worker of his messed it up for him.