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Another study done by a "researcher" who fails basic stats or common sense
Today, a 19yo kid graduating in top 10% of class at Stanford CS will likely command multiple offers of $150K+/yr software engineering jobs from various BigTech cos. in SV (and is also recruited by various tech start-ups and hedge funds at similar pay)
Today, a 19yo kid graduating in top 10% of class at Wharton Finance will likely command a ~$100K/yr first-yr trader job at Goldman in Manhattan (BTW, rents are abt 50% cheaper in SF/PaloAlto than in Manhattan)
Suspect similar-caliber, age-comparable software engineers in SV will outearn NYC/SF hedge fund traders 5-10-20yrs post grad....economics have changed as tech wealth has superseded "finance" wealth: was a close race for past 10yrs, but tech has opened up an obvious lead in past 2-3 yrs
Lib arts/MBA/JD/MD/bio-chem degrees have been intellectually and economically irrelevant for decades
And many accounting/sales/law/back-office jobs are being ever-commoditized by smarter software/outsourcing, etc as any profitable co. uses tech and globalization/virtualization to maximize profits and minimize low-IQ labor costs
All college degrees aren't created equal...and 90+% of software engineers, aside from a few 100/yr produced by Top 5 schools, are rapidly obsoleted in a fiercely competitive market where all talent is not created equal, nor is equally productive in generating profits for an employer or for investors...and a few smart new 19yo software engineers are created every yr: kids who ultimately pressure less productive old dudes out of overly paid jobs...capitalism, innovation and creative destruction at it best
Today, a 19yo kid graduating in top 10% of class at Stanford CS will likely command multiple offers of $150K+/yr software engineering jobs from various BigTech cos. in SV (and is also recruited by various tech start-ups and hedge funds at similar pay)
You are very much inflating the salary here, the top 10% CS undergrads at Stanford isn't really the best of the best. Whether they will make a good researcher or not is totally up for grabs.... Companies aren't paying $150k for code monkeys.
Also, currently there is tech bubble 2.0, so the salaries are currently inflated.
Another study done by a "researcher" who fails basic stats or common sense
Today, a 19yo kid graduating in top 10% of class at Stanford CS will likely command multiple offers of $150K+/yr software engineering jobs from various BigTech cos. in SV (and is also recruited by various tech start-ups and hedge funds at similar pay)
Today, a 19yo kid graduating in top 10% of class at Wharton Finance will likely command a ~$100K/yr first-yr trader job at Goldman in Manhattan (BTW, rents are abt 50% cheaper in SF/PaloAlto than in Manhattan)
Suspect similar-caliber, age-comparable software engineers in SV will outearn NYC/SF hedge fund traders 5-10-20yrs post grad....economics have changed as tech wealth has superseded "finance" wealth: was a close race for past 10yrs, but tech has opened up an obvious lead in past 2-3 yrs
Lib arts/MBA/JD/MD/bio-chem degrees have been intellectually and economically irrelevant for decades
And many accounting/sales/law/back-office jobs are being ever-commoditized by smarter software/outsourcing, etc as any profitable co. uses tech and globalization/virtualization to maximize profits and minimize low-IQ labor costs
All college degrees aren't created equal...and 90+% of software engineers, aside from a few 100/yr produced by Top 5 schools, are rapidly obsoleted in a fiercely competitive market where all talent is not created equal, nor is equally productive in generating profits for an employer or for investors...and a few smart new 19yo software engineers are created every yr: kids who ultimately pressure less productive old dudes out of overly paid jobs...capitalism, innovation and creative destruction at it best
Oh, so medical degrees have been "intellectually and economically irrelevant for decades"?
There is no theory of management that finds employees that don't question the boss as desirable, information flows from the down-up are a critical part of any business' operational structure.
There is a raging animosity between business and intellectuals? umm......huh?
This was never my experience in business classes or in my work experience. Suggestions, yes. Criticisms/questioning strategy, no.
Yes. Most people in business find intellectuals to be idealistic and impractical. There have been two recent threads in which prominent business leaders have criticized universities (i.e. the domain of the intellectual) as proferring useless degrees.
This was never my experience in business classes or in my work experience. Suggestions, yes. Criticisms/questioning strategy, no.
What operational theory suggests that managers should discourage questioning from subordinate staff? Certainly this happens, essentially with smaller firms that are owned and operated by a single owner, but its not something desirable on business grounds.
Quote:
Originally Posted by StarlaJane
Yes. Most people in business find intellectuals to be idealistic and impractical. There have been two recent threads in which prominent business leaders have criticized universities (i.e. the domain of the intellectual) as proferring useless degrees.
How is criticizing universities and/or university programs some how anti-intellectual? If businesses are finding that college students are coming out of college unprepared for the world today....isn't that a valid criticism?
In terms of universities being the domain of intellectuals, some of the most sophisticated research is done in private industry. Is someone only an intellectual if they ponder the meaning of old literature?
Anyhow, the antagonism you are creating between business and "intellectuals" is artificial, business folks aren't anti-intellectual and intellectuals aren't anti-business. Business involves a great deal of intellectualism....
There is no powerful government that finds proles that don't question the government as desirable, information flows from the top-down as a critical part of any central planners ideal operational structure. The ideal prole simply waves their flag, sends in taxes, watches multi-millionairres act like they ocassionally care who wins, and dutifully sends their kids to report as cannon fodder.
There is a raging animosity between the Thought Police and intellectuals?
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