What I agree with is that somebody must build new housing. If private developers cannot/would not do it, then its a market failure and government should step in.
314 karma · joined April 5, 2012
What I agree with is that somebody must build new housing. If private developers cannot/would not do it, then its a market failure and government should step in.
How can your kids' school affect promotion chances? I can understand buying expensive clothes, cleaning, expensive apartments etc. Although IMHO all this stuff does not really start to kick in before $150-200k.
[1] http://blogs.wsj.com/ideas-market/2011/02/07/the-difficulty-...
[2] http://www.telegraph.co.uk/science/6694932/Have-we-discovere...
Unfortunately, this is one of the biggest misconceptions in modern discourse. There is a whole "underground" (mostly online) current of thought called HBD (Human BioDiversity) which means to address this misconception. Google it, but with your attitude you will probably discard it right away.
It is harder to do it in place. I actually did not believe it was possible until looking up the answer on StackExchange. That solution involves a "trick" which one might not figure out under pressure.
In general you are right about pigeonholing/specialization in large companies. But it usually happens after you are hired, not before. Right now, without industry experience your skillset is very broad and it is hard to pigeonhole you.
As for the interviews, if they are like an exam where you know questions in advance you certainly should prepare. Sadly, this is usually not the case. As you mentioned in your point (4), sometimes you have no idea what the role is about. And there is no way to know because your recruiter doesn't want to get specific or maybe has no idea herself.
Which brings me to an important point which you might be missing. If you are applying for jobs through websites or by any other well-publicized way, you will inevitably subjected to a vetting process. The interviewers do not know anything about you and are basically looking for reasons not to hire you. If you are very good technically, it increases your chances but it is no guarantee of passing. Good communication skills are just as valuable.
It is different when you know someone inside the company, say your friend recommends you. You will have more meaningful interviews from the start. Most startup/small company hiring is done this way.
That said, with your background you should have little problems finding a job, if current Big Data hype is to believe. But of course it depends on your school, where you are looking etc.
The reality is that people do it for the money and prefer not to think about deeper matters. Some of the work is also really interesting and cutting-edge. But if you start rationally thinking about your contribution to society, the only answer is that there is none. If you want to do something useful, you leave finance.
Btw, they do not have much data for US or UK, only around 2000 parent-offspring pairs. And the conclusion that UK is on the same mobility level as Nordic countries is highly doubtful. UK mobility level is usually considered to be about the same as US mobility level.
Also, what years are included?
And what about "incompetent can't improve"? This is plainly wrong. We all were incompetent at some point.
In finance, it seems fake jobs are posted by every recruiting firm. And no, this is not the same as a company advertising positions all the time at their website. In the latter case the probability of hiring someone for the position is at least greater than zero.