A few weeks ago, we blogged about how no MBAs were on the Forbes list of the ten wealthiest people in the world—but several college dropouts were. Last week, the New York Times identified the ten “top earning” hedge fund managers, from John Paulson in first place with an estimated $5 billion (yes, billion) in 2010 earnings to Paul Tudor Jones II in tenth, with a paltry $440 million. The good news for MBA aspirants is that Paulson and Ray Dalio (number two on the list) both earned MBAs and both went to Harvard Business School. So, maybe those reaching for the stars can recognize the value in advanced management education. (Also, for those who worry that you need an Ivy League degree to get into HBS, Ray Dalio went to Long Island University.) Still, only four of the individuals on the list pursued advanced degrees. Paul Tudor Jones, a University of Virginia graduate in economics, was even accepted at HBS and chose not to go.
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