See this article: https://mergersandinquisitions.com/is-finance-a-good-career/

Starting a business with existing student loans isn’t a good idea. Either pay off the loans first or avoid them altogether.

Can you tell me whether my logic is correct?

I want to be an entrepreneur (full time), but still am not sure what industry to go into. I’m also about to go to college in the USA for 4 years and take on a good amount of debt.

Would it be better for me to aim for a job in investment banking or a job at a top company like Google, Facebook, etc?

You said that you learn more in IB than 99% of other jobs. I’m wondering if what you learn applies to entrepreneurship? I also don’t think I want to start a business with student loans, so I’m not sure how long it would take to pay those off if I was working at a top firm.

Thanks!

Yes, but please use the correct grammar when you mention this internship. Correct grammar is essential in cover letters/applications in general, especially in the UK where they love to cut people for typos and small mistakes.

I don’t know, I’ll see if we can fix that.

I am applying for Lazard Spring Insight week. Do you think it is appropriate and useful to mention that I won an offer for 2017 summer internship at PE firm in the cover letter? Maybe saying something like ”I think spring week might also make it easier for me to get an internship with Lazard next year. I will be having an internship this summer at a PE firm which will allow me to acquire skills necessary for success at Lazard summer internship next year.”

To sum up, the question is, should I mention summer internship I will have in 2017 summer in my cover letter? I dont really have other finance internships. If so, how would you say it?

Thanks for reading!

Thanks. I agree with the sentiment, but I’m not sure I buy into the probability distributions he recommends because many of the assumptions in a model are not independent. Scenarios are often a better solution, especially in industries like real estate where key assumptions move together. I doubt that valuation will get that much more sophisticated, because it’s always more art than science… but who knows.