Question

Is the institution we call Wall Street a “structure of sin,” and how about even MBA programs being structures of sin? Write a one page answer on your thoughts.

Answer 1

Wall Street shows every young individual a theater of dreams to make quick money in less time. These things all look rosy but we should not forget the financial disasters that have happened in past.

If we track the epicenter of these disasters we find that it takes us to a single place that is none other Wall Street. This place is no less than a gambling room. The dreams that are sold with the authority from the top banks of Wall Street have rarely transformed into a nightmare but those are not forgotten easily.

The latest one 2008 financial crisis where a bubble was created on the basis of housing prices. A lot of financial products were launched in order to safeguard the crisis but it failed to do so. Even the sharpest of the minds from Wall Street turned helpless.

If we see the psychological aspect of it we find it that the greatest emotion that thrives in Wall Street is greed and unfortunately it takes no time to turn in fear. Greed is the driving force and always paints such a fictitious picture through numbers that common people get mesmerized and fall into the trap. Eventually, the bankers take home a hefty paycheck.

Now coming to the MBA programs. The universities along with the financial institutions show a dream to the common students that in order to have a career in Wall Street then an MBA degree from top universities is a passport to it. Even though there is hardly a truth to it. Desperate to have a career in Wall Street banks students take a huge educational loan to pay the fees of the universities.

But even after completing their degree they fail to get their dream job.With the pressure of paying the huge debt, they take up jobs and unfortunately sort to fraudulent activities to increase their income and lead the life they had thought before pursuing an MBA. Thus they get into the vicious cycle of scam