[-]Columbia MBA. Worth it? Considering applying for the Jan. 1 start date. I went to Columbia undergrad, I now work in media but would like to transition to finance. I'm 30.
38 replies [ Reply | Watch | Options ]Thanks! I am VERY interested in finance and have tried applying to things without a background and I'm getting rejected left and right. I particularly like sales/trading and private equity.
[ Reply | Options ]good luck. if you're in the city and totally unconnected to the business world, try for columbia or nyu. but it all begs the question: are you sure this is the career change you want?
[ Reply | Options ]NP: How will she get a job with zero experience in finance? Actually how will she get into the MBA program for finance without experience or a prior degree in the field?
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Interesting. I'm trying to decide between 3 schools, 1 with a great name and $120,000 tuition, one with an okay name and $50,000 tuition and one with a no-name, but $20,000 tuition. The no-name program best matches my interests, but I obviously want to be able to find a job after grad. and not sure I should pay the extra $$$$ for the name. I'm making a career change as well and have no connections in my new field of choice.
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You only go to business school for the name, or if you never worked in finance and want to enter it and it gives credibility. if you alreadu work in finance, you go back for the name. Have you been accepted? BC its really really hard to get in.. particularly right now with so many unemployed wall street folks.
[ Reply | Options ]I was in your shoes a few years ago, switching from non-profit. Went for the well-ranked but $120K program, and I'd advise you to think very carefully about this. I did NOT go into finance, so even though my salary is good, it'll take a good 10 years to pay off my loans even though I'm aggressive about it. It costs me $1500-2000 per month for loans alone. I'm in my 30s, living in NYC, and it's meant putting off some other important financial goals (owning a home, etc). Soon I'll have childcare expenses on top of that. Sometimes I look at my budget and want to cry. That having been said, forget the "no-name" school, as that's a waste of $20K. Can you name the names of the schools? Would make it easier to advise.
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met dh when he was a student at cbs. he is very successful now, not in the finance field, but many of his classmates have gone that route. however, i can think of three couples that met while there.... with the three dws doing nothing with their mba, they are simply the mrs.
[ Reply | Options ]Don't do the January admin. as you'll miss out of the summer internship possibilities. BTDT.
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[-]I am 50K in credit card debt. Please, I need advise. I am not spending on anything extravagant. I need help.
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Nonsense. Bankruptcy is a personal business decision. You recover from it in almost no time. Sure, you;re not going to be able to buy an apartment for a while but besides that you'll be fine.
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It would take you just as much time to pay everything back. Sure, your credit will stay excellent but you wouldn't be able to do anything with that because you wouldn't want to add on more debt while paying back other debt. Filing for bankruptcy or doing everything possible to pay back over 5-7 years, same consequences.
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Need more information. Are you married? Does spouse know? How long did it take you to build it up? Get a job if you don't have one. If you do, consider a 2nd job and every penny goes toward paying it off. Sell a 2nd car if you have one. See jewelery, reduce expenses, downsize. How close to the bone are you already?
[ Reply | Options ]We had $150k in CC debt at some point and while we were trying hard to work ourselves out of it in the end we had to file for bankruptcy. So, the question is, are you having trouble paying down your debt? I would start with a debt consolidation service and see what they can do for you.
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[-]anyone on here have incontinence? I have had an ongoing problem with leakage after I pee and just overall dampness (sorry TMI). I went to a urologist and he said all tests came back normal. Gyno said I have extra vaginal discharge but it is not an infection. I pee quite often and I am getting a little worried. I am going to a urogyno in a week but was wonderinf if anyone else had this and is it a major problem? TIA
5 replies [ Reply | Watch | Options ]Are you pg? Did you just have a baby? Is this new or have you had it for awhile?
[ Reply | Options ]Not pg. Had baby 3 1/2 yrs ago and had csection. This has been going on since late August. terrible I know :(
[ Reply | Options ]Sounds to me like you have the beginning of prolaspsed bladder. Happens to older women who have children, or are overweight (don't HAVE to be overweight to have this). Other women have it because of forcepts being used for births (not your case). It's actually called 'Pelvic Floor Disorder' - there are things that can be done (besides surgery). Pessary for example.
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[-]Fascinating article about highly educated women opting out of career -- please read and comment. http://hcwc.fas.harvard.edu/NYT%20Women%20at%20Elite%20Colleges.pdf.
16 replies [ Reply | Watch | Options ]This is really old, sorry - the whole "opt out" revolution thing that's been pretty much debunked.
[ Reply | Options ]ITA. This has been proven to be a MYTH. I read and enjoy the NYTimes, but I take their "sociological" articles with a grain of salt. Basically, they have a journalist interview 3 of her friends and then call the results a new societal trend. The "opt out revolution" is just one such example.
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Hadn't seen this. Thank you for this. It is so refreshing to see young girls with this viewpoint. Maybe there is hope that society will move back in the right direction. Wish it was easier for more women to be able to stay home if they want to. We all need to get our priorities back in order.
[ Reply | Options ]I think by the time she graduates law school at 25, she'll spend five years working before she SAH. Knowing this at 19, and still choosing to study at Yale, wastes resources.
[ Reply | Options ]This is so stupid. I don't know one woman who raised her kids and then did nothing else for the rest of her life. You're still alive after your kids have left home, you know. It's not like you keel over and die when they turn 18. Most women have another 20+ years of earning potential.
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This was written in 2005, well before the current recession led to higher rates of unemployment, especially among professional men. I think the next generation of "highly educated women" will have a different perspective on the "opt out" issue.
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[-]bought breaded chicken cutlets at the meat counter at whole foods on friday. still okay to cook or should I toss them??
14 replies [ Reply | Watch | Options ]toss. you can google but i'm pretty sure breaded cutlets last only a couple of days.
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dunno. but fda lists it separately from other chicken. scroll down to "chicken nuggets, patties." http://whatscookingamerica.net/Information/FreezerChart.htm
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Tonight (Monday) would be the last day - toss them if you haven't cooked them yet tomorrow.
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[-]I am a SAHM, DH makes in excess of $500k each year. We have 2 DC under the age of 4; own apartment; and we struggle to make ends meet, yet do not live beyond out means. We have cut international travel out, eat out/order less; i do not buy clothes the way i used to; DCs wear what granny gives as gifts, and then hand me downs. I spend a lot on food (in nyc) and taxis. I will occasionally get a mani/pedi or eyebrows (once a month). I feel like we watch our spending b/c in this town--you can easily blow through $250 a day without accounting for it. So flame away.... tell me how much of a slob i am and how I still spend way too much. Personally I woulds like a challenge to bring my spending down. DH and I are terrible about keeping track. Yes, ...
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get a notebook and write down everything you are spending money on for a week. then figure out what you are doing wrong. we live in nyc on 1/5 of your salary.
[ Reply | Options ]get a financial planner to make a budget for your household and stick to it. it sounds like you're nickel-and-diming yourself to death
[ Reply | Options ]you are absolutely overspending if you can just blow through $250 in a day. start tracking what you spend- every penny- you will be amazed how terrible you are.
[ Reply | Options ]you need to keep a detailed list of where the money goes. i have 2yo and 4yo. live in a 2bdrm rental (not controlled) in Chelsea, DH and i make about $140k TOGETHER. we go abroad once a year and take a few smaller domestic trips. have a full time nanny, go out on occasion. buy things for ourselves and our kids and are paying off stupid debt from when we were in our 20s we still have a bit of money (not much, but something) left over at the end of the month
[ Reply | Options ]Take taxis less -- little ones love buses and subways. That's a big drain. Where do you shop for food? "I do not buy clothes the way I used to" could still be a lot of spending on clothes. Nanny/housekeeper salaries?
[ Reply | Options ]can I just say, everything you've cut out are luxuries. I live in nyc, in manhattan, with 1/4th of what you have, and we don't struggle. you need to reevaluate what your needs are. we live comfortably, happily with less, and spend money on what's really important to us.
[ Reply | Options ]agree! DH and i make about $175K total, live in Chelsea with 2 kids. the only reason we "struggle" is cause we were crazy in our 20's and are paying off the debt. and by Struggle I mean we only go abroad (1-2 times a year) when we can stay with family instead of hotels. our live is pretty good!
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i hope you start by giving at least 10% to charity, then maybe you can forgive yourself. please refer to warren buffet for further tips.
[ Reply | Options ]I think your lack of fiscal responsibility is insulting to so many who have so little. There are so many in this world who cannot afford the basics of life to maintain dignity. The least you can do is steward your funds well. I'm not saying give it all away - but at least respect the luxuries you have in life.
[ Reply | Options ]I was the same way when I lived there. You know what helped us? We read a few financial books and then started paying for everything in cash. Made all the difference in the world. Sounds simplistic but it worked wonders.
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Ok, so take $500 less from ATM. Don't just cut out international travel, cut out all travel until you get your finances under control. The same with eating out. Eating out is a luxury. Skip the mani/pedi. Buy some tweezers and take care of your own eyebrows. I could never blow through $250/day. $250 could buy groceries for a week, it could pay a utility bill, be put toward dc's tuition. We live on less than you with two children and no debt.
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[-]Finance moms: do you think a CFO of a company with a market cap over $5 billion should understand the Black-Scholes pricing model at a high level? The company gives its employees options as a part of compensation.
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Really? I think that a CFO has probably been to business school and should have a basic understanding of what drives the value of an option?
[ Reply | Options ]I have interaction with many CFOs for hedge funds and I promised you they have no idea about such thinks. I doubt any of them has an MBA and most have accounting degrees. Now for big banks with x times the market cap maybe the CFO is better educated (or at least they have big teams)
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As CFO of a company with a market of $5 billion he better figure it out or hit the road.
[ Reply | Options ]Assume you mean beyond conceptual understanding. Absolutely, especially if options are a major component of compensation. If the CFO doesn't understand, I can't imagine that the company can have very effective employee communications re: this compensation element. Could really hurt credibility with investor community, especially when answering questions re: treasury, options expensing, etc.
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[-]suggestions for music for a dinner party? fairly casual, 8 people.
5 replies [ Reply | Watch | Options ]Senor Coconut, Young Marble Giants,Sketches of Spain(Miles Davis),Henry Mancini-Not Pink Panther Themes,Coltrane,Stan Getz,Tom Joabim,The Meters,Booker T& the MGs,Cal Tjader,Mongo Santamaria,Stevie Wonder,Sarah Vaughn, Fania All Stars,UB40 and a little old R&B for 'Time to Go,Now'-Marvin Gaye
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[-]thinking of going back to school... if i get an MSW, can i work privately? TIA!
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PLEASE could you tell me a little bit about this. I dont even know where to begin research. there is nothing on google that specific... :( I looked into NYU School of Social Work but not so sure it is even worth the money, considering social workers are making so little. I have an MBA but i hate HATE HATE my job and everything about it. And i want to have a flexible schedule, etc. Have an undergrad in psych and had a fellowship counseling the homeless for a year afterwords... TIA!
[ Reply | Options ]np: i have several friends who have their own practice as therapists. all worked relatively full time before kids and all now work PT since they had kids. i have to say, they are some of the "happiest with their careers" people i know (all women FWIW). i will add though, that it's not financiall lucrative. they make money, but all had other sources of income (family, spouse). and all of them start out working in another setting - clinic, hospital, etc. and transitioned to their own practice.
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Buy a book from Amazon about mental health counseling and the reality of it before pursuing a career in the field. I'm getting my phd in psychology and I think a lot of people romanticize the field (maybe you don't, just saying some do). GL!
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[-]Background info: Recommend free services please, single mom looking to start dating.
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[-]I have posted before. I am at my wits end with an almost 4 y/o ds who has never gone poop on the potty. terrible withholding issues. Started miralax a week ago and got rid of diapers. Now he is just regularly pooping in his underpants. Need advice. Part of me is thinking about reverting to pull ups-- Help!!
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You thought wrong. Deal, and stop pressuring your little boy -- it will only delay his progress. Little boys always take longer than little girls anyway.
[ Reply | Options ]I hear you. I have been Ms. no pressure for so long which is easy as a wohm, but NOTHING was happening. What are you saying -- just forget it and put him back in pull ups?
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Wow. just like that. Maybe it might work. Reverse psychology. At least do you have a story or details or something to let me know why you think i should revert. BTW we have been out of pull ups for a long time now and just doing diapers at night -- which he would just poop in the diaper and go to sleep...
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"I thought ... " LOLOLOLOLOL!!!! First lesson of child rearing: your kids will never do what you want, or turn out the way you expect, no matter how hard you try.
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It took almost 2 full weeks of pooping in underpants for my DD to get it. One thing that really upset her was me throwing out her soiled underwear. Have you tried the whole special, character, "don't poop on Diego!" underwear trick?
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We has similar issues at 6 ( not many accidents) but started wetting the bed and it turned out he was holding in the BM because he didn’t want to poo at school and constipation was the issue. It honestly took almost a year to resolve and tons of patients - we had a x-ray (kub) and he was full of stool. Treatment as 3 months of maralax and 3 months for the colon to return to normal size and for them to regain muscle control because the muscles stretch out with constipation -
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DH considering getting an MBA. He's 31, has worked in art/media design for 10 years but doesn't see much a future in that field. Pros? Cons? Considering local schools like Baruch, Columbia, Fordham and NYU. I went to Columbia, would he count as a legacy? Interested in all input!
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[-]How does the au pair thing work? Considering live in help for db #2 down the road. Have space but not a lot of cash. What would be considered fair salary if you are suppling room & board? Thoughts?
6 replies [ Reply | Watch | Options ]There is a set stipend for au pairs through an agency from overseas plus you pay the costs and they can't work more than 40 hours I think. If you just mean a live in nanny, that is different. Pay depends on whether they live with you and don't maintain a place of their own, how many hours they work, duties involved, etc.
[ Reply | Options ]It is agency based and the numbers are set by the State Dept. Right now the au pairs get a $197 weekly stipend. The out of pocket to you is $350/week but when you consider food, car costs, cell phone (many provide this) it ends up being $400-450. They can work 45 hrs/week up to 10 hrs/day and require 1 weekend a month off. BTDT many times and it's tough. You can get lucky and get a great ap, but most are not great. Most are young, inexperienced, and misinformed about what to expect. Reasonable to try if you have school age dc and need wrap around care.
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np. no first-hand experience but gf used several and found them to be a very mixed bag with most of them more trouble than they were worth. typical young girls who are not yet responsible. looking to have fun in nyc and the dc was a distant second priority. didn't clean up after themselves much less dcs. would forget to pick up dcs, spend hours and hours on the computer. boy crazy. etc.
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Hosting an au pair is a wonderful option for thousand of US families. It is flexbile and affordable. For approximately $340 per per family you'll receive 45 hours of live-in childcare. You set the schedule.Sick days, holidays and vacations are covered. Snow days are no loner a problem. Karen
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[-]We went to the Harry Potter exhibit at the MOS a few weeks ago and my 7YO DS said he wanted to be in Slyterin house because it is the "winniest house, the house of Draco Malfoy and the bad boy house". How concerned should I be?
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Yes, what is winniest? Most winning? Or "whiniest" (most prone to whining, if it's even a word)? It wouldn't bother me so much that he identifies more with the bad boys but that his reading comprehension isn't up to snuff, Gryffindor is the "winniest" house (assuming the first meaning).
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