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Is this the case? I know, for example, in law, your employability at desirable firms is directly linked to an aristocratic educational pedigree. Is there a reas
by cookiecaper 10y ago
Is this the case? I know, for example, in law, your employability at desirable firms is directly linked to an aristocratic educational pedigree. Is there a reason this would not be in the case in business? While I'm sure potential HBS attendees could find something more valuable to do with their lives in those 2 years, would they really end up in investment banks and private equity firms?
These seem like employers who are all about credentials, since there's no real way to demonstrate a propensity for gutting companies or engineering IPOs a priori, and since these groups are run on autopilot by corporate drones instead of people with a real sense of ownership or entrepreneurship (and thus, a desire to acquire and retain good talent regardless of its pedigree). In such cases, the hiring seems to become 99% about the value placed on the institution that granted the degree, and 1% about showing up in an adequately expensive suit and car.
- caminante 10y agoPrestige matters in finance, too. However, a JD's not really comparable to an MBA because (a) getting the post-MBA jobs you mentioned typically require prior, relevant, gold-plated work experience (Switching into these finance sub-fields is VERY hard even for HBS MBAs.) and (b) these jobs don't require an MBA (unlike many jurisdictions that require accredited JDs). JDs typically don't have gold-plated work experience and have to rely on their law school's brand for signalling. In other words, most HBS folks who choose this high finance route already have the credentials and pedigree for the job without needing an MBA. For the rest, I recommend googling HBS job reports and re-thinking a few of your assumptions about where/how people create value at firms.