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MANAGEMENT consultants, investment banks and big law firms are the Holy Trinity of white-collar careers. They recruit up to a third of the graduates of the worl
by dba7dba 11y ago
MANAGEMENT consultants, investment banks and big law firms are the Holy Trinity of white-collar careers. They recruit up to a third of the graduates of the world’s best universities.
I believe the ratio is far higher in English speaking, white countries as they can freely join Wall Street and the supporting infrastructure.
The ratio is lower in non-English speaking countries like Asia.
Thus we have the strange shift of R&D and manufacturing (especially manufacturing) to Asia where brightest graduates end up in industries other than management consultancy, investment banking, and law firms.
Soon the new manufacturing centers will wonder why they have to hire Wall Street when that can be done elsewhere? Especially like in China.
I know I will get flak for this but the 3 career paths are not good for the nation, while it may be good for the few who are in the top 1%.
While SpaceX and Tesla and Apple are great, it's not enough.