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  • Simply Put, Smart People Don't Need An MBA | MadConomist.com

    MOST people who knew Gabriel Hammond at Johns Hopkins in the late 1990s could have predicted he would rise quickly on Wall Street. As a freshman, he traded stocks from his dorm room, making a $1,000 bet on Caterpillar. Soon after, he abandoned his childhood dream of becoming a lawyer and, upon... more

    Reviewed by sheaman42 Sep 17 2007, 03:37am ( 12 reviews ) • madconomist.com

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  • Rated by photoskozak on Nov 04, 4:01pm

    Not well argued at all.

  • Rated by PsyKoWeeZeL on May 05 2009, 5:47am

    From the page: "As more Americans have become abundantly wealthy, young people are recalculating old assumptions about success." The problem with this? Old people will be your boss, and their views aren't as "recalculating".

  • Reviewed by nuttyguy20 on Apr 18 2009, 11:06am

    Considering today's economy, I'll bet that many of those hedge fund wunderkinds wish they had some other form of knowledge to fall back upon.

  • Reviewed by donkeygmat on Jan 11 2009, 6:30pm

    good Job!

  • Rated by preston41 on Sep 21 2007, 3:13pm

    Yeah, just wait until the economy isn't doing so well. Times changes and when they do, who's going to give money to a snot nose computer geek at the age of 24? Especially when there are plenty of bright guys with experience and the degree. All it takes is for the supply of talent to exceed the demand for talent.

  • Rated by Dubious4000 on Sep 17 2007, 12:29pm

    seems like this article was written by a wall street type doing a recruitment letter, almost as bad as watching a info-mercial, just in print. "DON'T GOTO SCHOOL! ACT NOW! JOIN ME!" whatever.

  • Rated by chrisyeo on Sep 17 2007, 12:16pm

    A really interesting article about how some people have made lots of cash through investments rather than getting an MBA.

  • Rated by bhai49 on Sep 17 2007, 9:14am

    You obviously don't need an MBA if you are gonna be self employed. You do however need it if you want to get a foot through the corporate door.

  • Rated by sheaman42 on Sep 17 2007, 3:37am

    MOST people who knew Gabriel Hammond at Johns Hopkins in the late 1990s could have predicted he would rise quickly on Wall Street. As a freshman, he traded stocks from his dorm room, making a $1,000 bet on Caterpillar. Soon after, he abandoned his childhood dream of becoming a lawyer and, upon graduation, joined Goldman Sachs as a stock analyst. Three years into his new job, Mr. Hammond noticed something. Very few of his young co-workers were taking a hiatus from Wall Street to go to business school, long considered an essential rung on the way to the top of the corporate ladder. So he, too, decided to forgo an M.B.A.. Instead, he raised $5 million and started his own hedge fund, Alerian Capital Management, in 2004. The fund now manages $300 million out of offices in New York and Dallas, and Mr. Hammond, 28, enjoys seven-figure payouts. Like other young people on the fast track, Mr. Hammond has run the numbers and figures that an M.B.A. is a waste of money and time -- time that could be spent making money. "There's no way that I would consider it," he says. As more Americans have become abundantly wealthy, young people are recalculating old assumptions about success. The flood of money into private equity and hedge funds over the last decade has made billionaires out of people like Kenneth Griffin, 38, chief executive of the Citadel Investment Group, and Eddie Lampert, 45, the hedge fund king who bought Sears and Kmart. These men are icons for the fast buck set -- particularly the mathematically gifted cohort of rising stars known as "quants." Many college graduates who are bright enough to be top computer scientists or medical researchers are becoming traders instead, and they measure their status in dollars instead of titles.