I heard the same from a friend at Stanford. Of course this is probably true for only a few people, i.e. the 1 or 2 people that are hired by the 4 or 5 largest firms, but it is amazing.

This is not only insane, it's damaging to the market and to the people who get that kind of money. At that age, the majority of people can't deal with that kind of income. I sold majority stake in my first start-up when i was 23, and as part of the deal I got a considerable amount of money.In 6 months I spent everything, and eventually I lost touch with reality.Now, I know eveyone will react differently to this kind of situation, but if you give that kind of money to someone fresh out of uni, how do you expect him to keep balance and not to think that he's a superman? They are breeding a class of egomaniacs, and I fear most of them will become trainwrecks.

What James Kramer paid his best intern during his hedge fund days...

So, if I want a good job position being Chinese or Speaking Chinese is the ticket?

I am in China right now.

Any career guidance tips out there?

To the dickhead that blew all his dumbmoney when he sold his company: you expect anyone to fucking cry over your story?

The crime isn't that these grads are knocking down 400k; it's the idiotic clowns like you blow through a small fortune in six months.