<p>That is one great post.</p>
<p>The only other thing that it’s important to emphasize is that graduate degrees – MBAs or sometimes Econ or Math PhDs, or even JDs – are nearly universal in the world of high-powered finance for people who are not doing scut-work. The point of getting a job with Goldman Sachs, Citicorp, Accenture, or Uncle Frank’s Mortgage-Mart right out of college is to get some experience, make some money, get some focus, and then go get more education. Not one in 100 of the college grads Goldman Sachs hires is still with the firm four years later. What Goldman Sachs gets out of it is a bunch of grunts who have high IQs and are easy to train, and who are thrilled to work 18 hours a day for what everyone else considers peanuts, who can be kicked out the door in a few years with no hard feelings, and who will be good ambassadors for the firm at their business schools.</p>