Private equity does pay very well, and my counterparts, guys that I grew up with who are still working at a number of firms, all make a lot of money.
From Gerry Schwartz
In an undergraduate business environment, the best learning experience is the interaction students have with each other. They need to learn from each other as much as from professors and lectures and other teaching tools.
I am personally interested in more than just business schools. However, life has been good to me, and it's been good to me through a business career. I think the chance to help strengthen the foundation of young people going into business, as I did, just appeals to me.
Interestingly, a good undergraduate program does a lot of what an MBA does. I think a really good undergraduate program and some work experience is just about the equal of an MBA.
Just looking at Onex: We hire almost entirely at the most bottom level and bring them through a nine-year training program. We're probably 70/30 today not requiring an MBA.
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