Defending student loans and the American education system.

Quote from milktruck:

Im doing an MBA in Miami and its a shithole for jobs. Its all service industry and ex-real estaters, who are all accustomed to making dick right now, crowding the market and there isnt as much MBA-esque work in this town as you would think. I was lucky/prescient enough to have started my transition away from RE before the fallout and figure out where I wanted to be early, but still had to scrap and harass the entire school year to get my summer gig, as did anyone else who got a decent job and some that didnt get anything.

The girls here are stunning though. Dumb as rocks and shallow as the kiddie pool, but good lord we have a few things going for us..

That said, if you manage to make good money in this town I can imagine it would be your oyster, but good luck. Hopefully Ill let you know next May...

You have a couch I could come crash on for a few weeks? ;)
 
Quote from blox87:

My GF thinks going back to get her masters is the solution too but I think the whole system is a sham. You need to be specialized in one area, something you love, and do it better than anyone else. If you have a clear cut plan to be a CPA , Nurse, Teacher or whatever then fine go to college and specialize in that one thing with a clear plan. While in school you should be at an internship for the field you want to go in. If you can't find an internship in the field you want then you won't find a job in it either. Choose your trade wisely.

Sad to say that college has become more a place to pick up a trade and for learning for its own sake. Too expensive, unless you are real wealthy.
 
Quote from aegis:

You're wasting your time and money pursuing a second masters degree. Funny that an econ major with an MBA doesn't realize this. Just pick up the accounting credits. Accounting firms, even the Big 4, couldn't care less about your degree(s). The CPA is more important.

CPA is important? BULL!
I got mine 6 years ago an it only got me TWO entry level paying job interviews. (Much more than my second tier MBA that got me none)

Thanks god I have other skills because both my MBA and my CPA turned out to be totally worthless.

MBA's and CPA's are a dime a dozen. plenty of foreigners are getting/got them in huge numbers and are much more attractive to hiring companies
 
jueco -- good thread...

my suggestion is that you go to school and start a tax business or some other kind of business while in school as your fall back. Start some of kind tax and book keeping website with some programmers you meet back in school.

You may have to make you own way during the next 10 years. My thesis is that we have 20-30 percent too many people working in service industries because of the cheap money that was available for the 15 or so years prior to 2008.

And many of that service and finance excess moved down to florida and will be working as Realtors - builders - lawyers and cpas for the next decade.

If you are going to be underemployed back east - you may as well be warm. You will need an edge.. an that edge is customers.
 
Quote from jem:

jueco -- good thread...

my suggestion is that you go to school and start a tax business or some other kind of business while in school as your fall back. Start some of kind tax and book keeping website with some programmers you meet back in school.

You may have to make you own way during the next 10 years. My thesis is that we have 20-30 percent too many people working in service industries because of the cheap money that was available for the 15 or so years prior to 2008.

And many of that service and finance excess moved down to florida and will be working as Realtors - builders - lawyers and cpas for the next decade.

If you are going to be underemployed back east - you may as well be warm. You will need an edge.. an that edge is customers.

Thank you bro
 
Quote from pupu:

CPA is important? BULL!
I got mine 6 years ago an it only got me TWO entry level paying job interviews. (Much more than my second tier MBA that got me none)

Thanks god I have other skills because both my MBA and my CPA turned out to be totally worthless.

MBA's and CPA's are a dime a dozen. plenty of foreigners are getting/got them in huge numbers and are much more attractive to hiring companies

I dont mean to be disrespectful but I dont believe you. Even when all this depression here in Miami, if you were a CPA and MBA you have a job TOMORROW.
 
"Tomorrow". There are top students from top schools with MBA and financial mathematics who can not find jobs.

The only people in demand are electrical engineers and computer science majors.


Quote from jueco2005:

I dont mean to be disrespectful but I dont believe you. Even when all this depression here in Miami, if you were a CPA and MBA you have a job TOMORROW.
 
Quote from jueco2005:

I make less than 40K a year and I have to pay a debt of 100K.

funny just yesterday while with a friend something came up about patriotism, patriotism is stupidity I said to my friend, usually the more poor the person the more patriotic he is

ya he said, what's up with that?!

I said there are many reasons for it, poor people have not achieved shit in life, thus they don't have much to be proud up, they cling to stupid ideas like patriotism to have something to be proud of, second they assume that if their country grows stronger and wealthier that they will automatically obtain wealth and power they never had, like how black people thought that if they vote for obama, he will hand them free money, but look at them now, the economy is deteriorating like crap, america is in deep shit, and blacks are suffering more than before, third, poor people don't have any investments let alone investments in countries besides their own, thus they know shit about countries besides the one they live in

a wealthy and wise person knows well that all countries are shit, that the world is what you make out of it, and that all governments are motherfucking traitors that will fucking rape you, your life and that of your kids in the blink of an eye, that government employees are fucking scums, losers and shit faces, every one of them regardless of their position, country and the government they work for, that it is the ultimate form of stupidity to defend let alone to die for any country or government

you're fucking poor and stupid, you went into debt 100K just to earn 40-50K a year by working at least 40 hours a week and you're proud of it?! I can earn that money in any country by working with less than 100K and only 2-4 hours a week
 
Defending something on the basis that it is not as bad as in a 3rd world communist dictatorship is not exactly a strong argument. That's like saying someone is a good boxer because they don't gas out after 1 minute of the first round.

I'm more interested in the comments on the Miami economy. Try to think a bit more entrepreneurial, less like the typical employee mentality. Think back to the early 90s, or better still the early 80s - South Beach was a *toilet*, full of geriatrics and drug dealers. I bet most people back then were moaning about the deprivation, crime, and lack of jobs. The people who didn't moan but instead looked for opportunities made millions over the next 10-20 years.

Maybe that will happen this time too. Miami is a boom bust town due to the lack of land and the unique location combined with 2-tier economy (shitty jobs at the bottom, stinking rich at the top, little in between - like a lot of Latin America). That means if you can establish a position and start accumulating assets and contacts in the down phase, you are uniquely positioned to make a killing during the up phase. Being an employee in such a volatile economy is maybe not so good as being a trader or at least a rider of booms and busts.
 
Quote from T_Geithner:

funny just yesterday while with a friend something came up about patriotism, patriotism is stupidity I said to my friend, usually the more poor the person the more patriotic he is

ya he said, what's up with that?!

I said there are many reasons for it, poor people have not achieved shit in life, thus they don't have much to be proud up, they cling to stupid ideas like patriotism to have something to be proud of, second they assume that if their country grows stronger and wealthier that they will automatically obtain wealth and power they never had, like how black people thought that if they vote for obama, he will hand them free money, but look at them now, the economy is deteriorating like crap, america is in deep shit, and blacks are suffering more than before, third, poor people don't have any investments let alone investments in countries besides their own, thus they know shit about countries besides the one they live in

a wealthy and wise person knows well that all countries are shit, that the world is what you make out of it, and that all governments are motherfucking traitors that will fucking rape you, your life and that of your kids in the blink of an eye, that government employees are fucking scums, losers and shit faces, every one of them regardless of their position, country and the government they work for, that it is the ultimate form of stupidity to defend let alone to die for any country or government

you're fucking poor and stupid, you went into debt 100K just to earn 40-50K a year by working at least 40 hours a week and you're proud of it?! I can earn that money in any country by working with less than 100K and only 2-4 hours a week

You and only yourself have revealed your level of ignorance and mediocrity.

Yet I am impressed you are so right about the issue on patriotism. I must say I agree with you 100%.
 
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