Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 201 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 209 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 216 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 225 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 227 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 230 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 234 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 260 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 298 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 336 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 394 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 395 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 5217 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 8520 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 8521 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
Ruari wrote:the idea often seems to be tossed around as something very plausible but in reality i imagine youd have to be very lucky
Being lucky does help. For example, whether the economy is in recession when someone finishes business school
affects her lifetime earnings:
There’s growing evidence that the financial consequences of entering the job market during recession could last from a decade to a lifetime, according several depressing academic studies.
For example, those who took first jobs at such times had to settle for lower salaries and climb more rungs, according to Columbia University economics professor Till von Wachter, University of Toronto economics professor Phil Oreopoulos and Andrew Heisz of Statistics Canada, who studied the fate of Canadian graduating classes of 1982-1999. They found it took some 10 years for the recession-era grads to reach salary parity with grads who entered the workforce in flusher times.
“But if the recession is bad, it can take longer,” von Wachter said.
A lifetime, say. Stanford Business School economics professor Paul Oyer’s research found that MBAs who start investment banking careers during bull markets will earn $1.5 million to $5 million more on average over a career than those who graduate during recessions. Even those who expediently work in other fields temporarily are less likely to ever become investment bankers.
Oyer finds the consequences can last 20 years. That’s why, he said, bankers are not born to work on Wall Street, but made by circumstances.
The state of the economy is probably even more important to the earnings of highly successful entrepreneurs: Fourteen of the richest people in history
were Americans born during the 1830s (I wonder how those data were calculated). Luck is also a big factor for the fates of founders of VC-backed start-ups. The average amount a founder of a VC-backed start-up
receives is $5.8 million—but three-quarters receive nothing.
- Chart showing the distribution of amounts that founders of venture-capital-backed start-up companies receive on exit.
- startup-value.PNG (21.47 KiB) Viewed 8521 times
There are certain careers (e.g., radiologist, actuary) for which the distribution of salaries is narrower. But if you're aiming to give millions to charity, though hard work and intelligence are important, luck plays a big role.
by 
