Why do you want to go to business school? Is it to advance your career? While that may be the answer for many, that’s not what business school admissions officers want to hear. They’re bored. Sick of it. They want to be wowed. They want to drill down to who you are- as a human. They want to get to know you. Step out of these clothes and slip into something more comfortable. Figure out what motivates you. What makes you tick. How to they intend to do this? By changing the face of the b-school application process as we know it. The well compensated powers that be in academia have revolutionized the interview process in the following ways: Continue reading »
MBAs
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Breaking: Ex-Athletes Turned Financiers Don’t Have To Worry About Things Like Decimal Points
By Bess Levin
But an athlete does not have to get an MBA to break into finance, said Zoia of Glocap. Athletes may appeal to banks and private equity firms, but they are hired more so for business development roles than for technical ones, said Zoia. “They’re not doing detailed financial models and really advising the nitty gritty of the deal structure,” said Zoia. [FINS]
Are you looking for love? A wife? A maid you can have sex with? Joseph Weiner is here to help! It’s been fourteen years since the 73 year-old former investment banker and Wharton grad started Hand-in-Hand, a “matchmaking agency” which asks male customers to fork over $2,000 and in exchange offers a “supervised courtship” with a young Eastern European lady of their choice. Has the financial crisis hurt H-in-H’s bottom line? On the contrary- according to Joe (a New Yorker living in London where he manages the “multinational operation”), it’s been great for business. Continue reading »
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Harvard Business School Graduates Continuing Year Old Oath-Taking Tradition
By Bess Levin
Saving Goldman Sachs
Last May, a bunch of HBS grads got together and decided to take an “MBA Oath,” promising not to do anything wrong once they were released into the world. They put a condensed version on little laminated cards to keep in their back pockets as a quick reference in case they ran into a situation that offered them the opportunity to lie, cheat, steal or short their the individual mortgages of down-on-their-luck friends in the Hamptons, and weren’t sure how to proceed. They also posed with said cards in the New York Times, looking like the members of a Christian rock band, so you knew it was serious. And yet…we still kind of thought it was just a phase, something they’d grow out of. Such is not the case! This year’s HBS grads are still feeling the need to sign a sheet of paper that says they promise to be good and not just that but they’re really kicking things up a notch with bold claims such as the following:
If Goldman Sachs’s leadership had followed the oath’s tenets, the company may not have entered into agreements to sell mortgage-backed securities that another client, New York investment company Paulson & Co., was betting against, said Khurana, the Harvard professor who worked with students in drafting the oath.
A bunch of MBA candidates were stopped on campus for their esteemed opinions on the Goldman sitch. The consensus is they “don’t want to work at a firm like Lehman Brothers” and “what you can respect about Goldman is that they’re greedy but they’re long-term greedy.” Continue reading »
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INSEAD Has Ways Of Dealing With MBA Students Who Can’t Keep Their Pants On
By Bess LevinOne point for the CFA track.
From: Student Council – Social Reps
Subject: Campus Exchange – Update on RestrictionsDear all,
As some of you are aware, the MBA office has decided to put in place certain restrictions on the campus exchange.
Since the beginning of this year, and particularly in January/February, some students have behaved in an unacceptable manner, usually involving irresponsible alcohol consumption, raucous behaviour and partial nudity on and off campus. This has coincided with executive programmes and careers events and has placed INSEAD in a negative light with many visitors. The Social Reps uphold the “Work Hard, Play Hard” ethic at INSEAD, after all we basically invented the notion, but we have to agree with the MBA office that some recent behaviour is beyond reasonable and may adversely affect us all.
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MBA Candidates Still Into Wall Street, Have Plan Of Attack For Dealing With Haters
By Bess Levin
We get it, you have a cell phone.
Gang, I want you to meet Ben Bloomfield, a first-year at University of Virginia’s Darden School of Business. Why is Ben so excited to be holding a phone to his face that presumably has no one on the other line? I’m guessing it has to do with the fact that Ben’s pretending his new colleague, Brian Moynihan, is on the other line, talkin’ deal-making, acquisitions, and lunch with Angelo Mozilo, cause Mr. Bloomfield? Just scored himself a summer internship at Bank of America. This is apparently not an isolated incident: Kwame Yankson, who last year had to settle working for an education nonprofit organization but come this June will be able to proudly tell people he’s a member of the Wells Fargo team. And they’re not alone.
With banks climbing out of the recession, more business students across the country are finding banking jobs and internships, enrolling in finance clubs and going on class trips to Wall Street, universities say. “The banks this year kept saying, ‘It’s a good year,’ ‘We just approved a lot of hiring,’ ‘The market is clearing up,’ ” Mr. Yankson said. “It was a completely different experience.”
Exciting! But how do these MBA’ers deal with their peasant friends who just don’t get it? Continue reading »
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