Do older people give better advice?
For example, can a Managing Director, a Partner, or a Portfolio Manager give you better career advice than an Analyst or Associate?
You might think that’s a clear “yes” because senior professionals have more experience…
…but after watching dozens of interviews and reading even more nonsensical articles, my personal answer is no.
The latest example comes to us from billionaire hedge fund manager Michael Novogratz, who said that students seeking internships should:
“Go do something different. Get on a motorcycle and travel through India and take photographs. Create a story where you learn something… I’m a big fan of the gap year.”
He pointed out that “kids” they interview always want internships at Goldman Sachs and McKinsey.
The reporter’s suggestion, which became the headline of the article, was that students might benefit more from traveling around India than from completing an internship at Goldman Sachs.
Before you cancel your IB internship plans and book a flight, though, you might want to pause and reflect for a moment.
Why Does This Matter?