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re: 3/4s of millennials are more than $100,000 in debt, most not from mortgages

Posted on 8/4/22 at 11:59 am to
Posted by MusclesofBrussels
Member since Dec 2015
4448 posts
Posted on 8/4/22 at 11:59 am to
The idea that big 4 recruiting a school is impressive is hilarious and doesn't really hurt your argument for much other than those jobs, which aren't particularly impressive. Mingo seemed to be implying that LSU is an IB target school at first, which would be impressive but is definitely not true.
This post was edited on 8/4/22 at 12:00 pm
Posted by lsu777
Lake Charles
Member since Jan 2004
30952 posts
Posted on 8/4/22 at 12:06 pm to
quote:

The idea that big 4 recruiting a school is impressive is hilarious and doesn't really hurt your argument for much other than those jobs, which aren't particularly impressive. Mingo seemed to be implying that LSU is an IB target school at first, which would be impressive but is definitely not true.




i dont know shite about the finanace majors to be honest...well i know a little but nothing about the big 4 etc.

i just know for pretty much anyone outside of that catagory....such as the stem, liberal arts, nursing, teaching etc....it makes no difference which school you went to really. especially if staying in LA or texas which is over 80%.

same with florida, not gonna matter if you went to UCF over moving away and goign to UF or FSU.

UF is an awesome school but if you plan to stay in florida other than a small subset of degrees....not gonna matter.

same with mississippi and bama. nobody gives a frick if you went to ole miss or bama except small subset of degrees and once you get your first job nobody at all really cares.

and in things like engineering...first job is easy as frick to get. same with teaching, nursing, etc.

this idea that the first job is so hard to get is laughable.
Posted by Josh Fenderman
Ron Don Volante's PlayPen
Member since Jul 2011
6704 posts
Posted on 8/4/22 at 12:08 pm to
quote:

126k in student loans?!? How? Unless you are going to med school, I don’t see how you would need to take that much out. Stop going to fricking expensive schools. Damn.

Payments being the bare minimum so they can take their Europe and Asia trips twice every year
Posted by jclem11
Neoliberal Shill
Member since Nov 2011
7758 posts
Posted on 8/4/22 at 12:09 pm to
If you want to go Big 4 in accounting, you are not getting there out of school at McNeese.

Big 4 does not recruit McNeese or any other small, commuter schools.

Now, you can get into Big 4 as an experienced hire later.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62841 posts
Posted on 8/4/22 at 12:12 pm to
I don't think it hurts your overall point too much. I wouldn't not hire someone who went to McNeese or a commuter school just because that's where they went. It's just less likely they'd come across my desk compared to an LSU grad.

Hell we have a huge presence at some smaller TX schools. In many cases, the job opportunities for graduates is a function of how hard the school works to develop those opps for their students. LSU happens to excel at that (although they require significant investment) in the field of audit, tax, and advisory, as do other "small" name schools like UT-D, UNT, etc.

I think what hurts LA students more than anything is the job market in the state. Likely a different discussion.
Posted by lsu777
Lake Charles
Member since Jan 2004
30952 posts
Posted on 8/4/22 at 12:18 pm to
quote:

If you want to go Big 4 in accounting, you are not getting there out of school at McNeese.

Big 4 does not recruit McNeese or any other small, commuter schools.

Now, you can get into Big 4 as an experienced hire later.




no shite...we went over this like 10 times....how many students overall though are doign that or going to a secondary school that requires certain undergrad?

frick 80% plus of students are staying in louisiana or texas anyways. finance overall is a small subset of people

things like sales, engineering, construction management, nursing, teaching, etc....yea they dont give a frick where you went to school

same with accountants going to work tax or basic cpa stuff at a small local firm. or guys going into banking etc

nobody gives a shite.

that was my point that i have made 100 times now. everyone wants to point out a small subset of people who are in a smaller degree field to begin with.

my overall point was if you plan to stay in south louisiana and are not going into a field like finance where the school matters a ton, and you have the ability to stay living at home and goign to a commuter school........that is the better ROI.

i acknowledged that classical education and living on your own etc has value, it just cant be measured in ROI.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62841 posts
Posted on 8/4/22 at 12:30 pm to
quote:

my overall point was if you plan to stay in south louisiana and are not going into a field like finance where the school matters a ton, and you have the ability to stay living at home and goign to a commuter school........that is the better ROI.


Agreed, if for whatever reason you choose to stay in a lower ROI state like LA, getting through school as cheaply as possible is the right move.

I suspect in any legitimate industry, spending more on a more prominent school for your field will open up possibilities outside of the state that will compound the return over years. Of course at that point it's dependent on the individual and a little self awareness goes a long way. We need to stop telling every kid they can be POTUS or Elon Musk one day.
Posted by lsu777
Lake Charles
Member since Jan 2004
30952 posts
Posted on 8/4/22 at 12:43 pm to
quote:

I suspect in any legitimate industry, spending more on a more prominent school for your field will open up possibilities outside of the state that will compound the return over years. Of course at that point it's dependent on the individual and a little self awareness goes a long way. We need to stop telling every kid they can be POTUS or Elon Musk one day.



agree adn disagree...agree on the stop tellign every kid they can be potus part

but i disagree on legitmate industry being restricted out of state based on the school you went to. Thats really only for the first job. from there...its all based on expierence, how you interview and work ethic.

and in many fields like i said above, i.e. engineering, sales, construction management, teaching, nursing, etc....shite doesnt matter at all really even for your first job.

and louisiana is low roi overall but for many stem fields its the opposite.

example would be engineering where the pay in south la to houston is pretty much the best in the US for most fields. Get expierence there and the sky is the limit, but even then...going to be hard pressed to be able to move up in terms of pay in other states. Get an MBA and really the sky is the limit.


in general though we need to stop acting like the only way to a high paying job is the big universities. its the opposite of truth except for small fraction of degree fields.
This post was edited on 8/4/22 at 12:45 pm
Posted by tigercross
Member since Feb 2008
4918 posts
Posted on 8/4/22 at 4:37 pm to
quote:

I could be wrong, but a kid that does well at Mcneese could get a good finance job in New Orleans… I would think


Why would you think that? There aren't a ton of good "finance" jobs in New Orleans to begin with. The good jobs go to kids from LSU, some UNO, and kids from New Orleans who went to Ole Miss/Alabama/Georgia and have parents who are friends with the hiring manager. I've worked in finance in the area for a decade and I can't recall more than 4 or 5 new hires from McNeese/ULL/SELU.
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