Defending student loans and the American education system.

Quote from Ghost of Cutten:

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.

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.
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I agree with you but my point is not based on "that it is not as bad as in 3rd world communist dictatorship".

I wanted to also give my personal testimony and how I feel regarding student debt and professional opportunity in the USA which I think is awesome.

And yeah miami is a shithole
 
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
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Perhaps you didn't read the entire post or you didn't read it correctly.

I simply stated that the CPA supersedes the masters degree and will lead to better job prospects than a masters degree and no CPA. Whether the CPA is important is entirely dependent on your work experience, skill-set, geographic region, and willingness to start at the bottom of the totem pole. For me, both the CPA and MTax were quite valuable.
 
Quote from ashatet:

"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.
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Interestingly enough, elite schools have never offered accounting as a major nor an MBA concentration. They've always considered it too "vocational". So, it's highly unlikely that a quant from an elite school would want a lowly accounting job. The numbers put out by the BLS contradict your statement regarding EE and CompSci majors.
 
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