Monday, November 14, 2011

Where the Real Money Is

Gail Collins offers an interesting insight that will be of great value to young collegiate types trying to figure out a career path. If you are going after the big money, forget about that MBA. Instead, you might want to consider History, perhaps a M.A. in Medieval Studies. At least that is the story Newt Gingrich is selling these days.

Newt, on the other hand, is always good in debates if you like extremely pompous people who appear to be practically levitating with their own sense of personal wonderfulness. During the last outing, Gingrich’s most fascinating moment came when he explained why the mortgage lender Freddie Mac paid him $300,000 in 2006. First of all, it had nothing whatsoever to do with lobbying, or attempting to influence the Republicans who happened to control Congress at a time when there was talk of clamping down on the way Freddie operated. Just put that out of your mind.

No, Gingrich explained very clearly that Freddie gave him the three-hundred grand for his “advice as a historian.”

This is fantastic and important news. Right now a great many college students are trying to decide on a course of study. Some of them would probably like to major in history but are wondering if they should pick something that might be more lucrative. Not to worry, college students! Look at Newt. Three-hundred-thousand dollars for advising! And the way he described it in the debate, it appeared to involve about only an hour of his time.

So, if given a choice between an M.B.A. in finance or an M.A. in medieval studies, you know where to go. And tell them Newt sent you.

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