How common is it for someone to attend an M7 with the goal of IB/MBB/T2 consulting and strike out without any job offers?

I have an acquitantance (international), that's spent all that money and has no US based job offer to show for it. Jobs back home can't pay off the debt easily.

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This is extremely common unfortunately. Just wrapped up at HSW and a lot of my friends had to settle for different jobs

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Yeah but all the supposed benefits (network, brand name, etc) don't do a whole lot for you if you have to settle for being a used car salesman in Des Moines

The companies like US folks unfortunately. I also work with a lot of international people as well at my company, but you couldn’t tell that they are international people, all speak amazing English

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