What gives pause is that these applications are just starting. Some are less than a year old. Project yourself ahead just a few years. How long until bots are doing most of the work? Not that long. A single AI application will soon easily perform the research, calculations, analysis and problem solving that dozens β hundreds - of high-paid Harvard MBAs have been doing on Google and spreadsheets for years.
Firms like Goldman Sachs and UBS can not only save thousands of hours of time using AI but will be able to make better, more profitable decisions. Why hire a Harvard MBA when you can have a robot do the work in their place and do it better, round-the-clock and without the need to cut holiday bonus checks?
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Can tell this guy is a loser with a degree from some no-name university because he has no idea what Harvard MBAs are actually for.
No one who is getting an MBA from Harvard or equivalent is looking for a job. They are doing it because they are already employed as "Senior Manager, Brand Operations" at Big Corp and are looking for a promotion to "Vice President, Brand Operations".
The Wall Street or Consulting chasers are getting MBAs at mid-level degree mills because they're stuck in crappy lines of work. I'm pretty sure the vast majority of hires at the likes of Goldman Sachs are people with new grads with Bachelors in Mathematics or Hard Sciences
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On point. MBAs are also career breaks/transitions and a chance to network/get married for people who have been working 110 hours a week since 22.
IB is still leaning towards undergrad business as far as I know, but consulting has definitely swung towards recruiting hard sciences. Tax is the only one I think still recruiting exclusively from undergrad business majors and that's because of CPA requirements.
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