Medium is the massage !
Yes i agree , but why dont people understand that when in deep shit it is better not to communicate than to communicate anything which seem pretty ... ummmm funny, ironical and in a way -sad !
Sample this - (All websites accesed at 8.15Pm GMT +8 on 29th Sept '08)
Career section of Lehmann Brothers
Experience Lehman Brothers
Make an impact. Engage your passion. Realize your potential. Around the world, the Lehman Brothers team is growing. Explore these pages to learn how you can build a career with us, and experience Lehman Brothers for yourself.
Investment Banking
We provide corporations, governments and other large institutions with the strategic advisory and capital-raising services they need to achieve their goals. This includes advice on mergers and acquisitions, privatizations and debt or equity financings. You will work as a member of project teams, gaining strong corporate finance skills. Investment banking draws on talent and resources from across different industry, product and geographic groups to deliver the best solutions to our clients.
From the section BUSINESSES
Businesses
Lehman Brothers takes a "One Firm" approach to business, working together across our business groups and actively bringing all of the Firm's resources to bear for our clients. Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. Consistently ranked among the world's top investment banks, the Firm's network and access to local and international markets enables it to quickly and effectively solve its clients' diverse financial needs
In the history section :
1840–1859
The history of Lehman Brothers parallels the growth of the United States and its energetic drive toward prosperity and international prominence. What would evolve into a global financial entity began as a general store in the American South. Henry Lehman, an immigrant from Germany, opened his small shop in the city of Montgomery, Alabama in 1844. Six years later, he was joined by brothers Emanuel and Mayer, and they named the business Lehman Brothers.
From Merrill Lynch :
Yes i agree , but why dont people understand that when in deep shit it is better not to communicate than to communicate anything which seem pretty ... ummmm funny, ironical and in a way -sad !
Sample this - (All websites accesed at 8.15Pm GMT +8 on 29th Sept '08)
Career section of Lehmann Brothers
Experience Lehman Brothers
Make an impact. Engage your passion. Realize your potential. Around the world, the Lehman Brothers team is growing. Explore these pages to learn how you can build a career with us, and experience Lehman Brothers for yourself.
Investment Banking
We provide corporations, governments and other large institutions with the strategic advisory and capital-raising services they need to achieve their goals. This includes advice on mergers and acquisitions, privatizations and debt or equity financings. You will work as a member of project teams, gaining strong corporate finance skills. Investment banking draws on talent and resources from across different industry, product and geographic groups to deliver the best solutions to our clients.
From the section BUSINESSES
Businesses
Lehman Brothers takes a "One Firm" approach to business, working together across our business groups and actively bringing all of the Firm's resources to bear for our clients. Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. Consistently ranked among the world's top investment banks, the Firm's network and access to local and international markets enables it to quickly and effectively solve its clients' diverse financial needs
In the history section :
1840–1859
The history of Lehman Brothers parallels the growth of the United States and its energetic drive toward prosperity and international prominence. What would evolve into a global financial entity began as a general store in the American South. Henry Lehman, an immigrant from Germany, opened his small shop in the city of Montgomery, Alabama in 1844. Six years later, he was joined by brothers Emanuel and Mayer, and they named the business Lehman Brothers.
From Merrill Lynch :
Career section
What Merrill Lynch Offers You
At Merrill Lynch, we believe in the limitless potential of each employee, so we offer you unparalleled opportunities to work on challenging assignments, build your career and realize your potential.
Our premier brand, worldwide presence and diversified capabilities create a dynamic environment of exciting opportunities to explore on a global stage. Working alongside industry-leading professionals and thought leaders, you will experience the satisfaction of creating breakthrough solutions for our clients.
Expect to be a contributor, a collaborator and a colleague. Expect professional achievements and personal fulfillment. Expect continual growth and success.
SNIPPETS FROM MORGAN STANLEY's website
Company Information
From the number of our offices and employees to the experience of our management and the quality of our financial results, the facts about Morgan Stanley tell an impressive story.
CAREER SECTION
What makes Morgan Stanley a leader?
Morgan Stanley is one of the world’s largest and most respected financial services companies, with a long-standing reputation for excellence on a global scale. We have a remarkably broad and diversified business, providing financial products and services across all the world’s major markets.Above all, what has always made Morgan Stanley a leader has been the exceptional talents and passion of our people. Wherever they work they share common business principles, starting with integrity and excellence in all that they do. Our people help Morgan Stanley to foster long-term relationships by providing our clients with consistently rigorous thinking, reliable execution, and unsurpassed access to financial markets.
For the record let me state that i dont have anything against the i-bankers. They are a pretty intelligent lot.
Love the way the placements scenario at the IIMs and the top-105 colleges put forth every year and you can bet that the salaries are usually USD -> INR ( at the point when the INR is at the most depreciated level) . Would love to see the placement scenario this year.
Fine , i think you get the point . so i wont rub it in , but as they say that every crisis is a learning , at least this crisis proves to me
1. Professionals at any level can make mistakes
2. Experts should always carry a sack of Salt
and
3. No skill is indispensable . So diverify.
The situation is sad and ironical but lets learn before we get the 'ibank syndrome'
Cheers
3 comments:
There are tonnes of material available on the crisis and would be summarizing many of them:
a) Foundations of wall street: Greed and Fear. The party is over time to face the wrath.
b) Benjamin Franklin extolled the vitues of temperance for the western society but over the period since 1982 US has always been on deficit and is the WORLD'S CONSUMPTION engine. What will happen to this engine even if it reduces its speed let alone coming to a grinding halt..Imagine..So the moral here would be know your limits..What has US taught is to use credit cards well:) so that everyone is leveraged...Imagine the Asian economies who wanted to save something from what they earned.
c) MBA's and Job scenes are all cyclical and we know the cliche, but what was not pointed out in the euphoria of all high salaries at the IIM day zero's was that they were all I-Banking or the mostly companies which have gone under now..Consulting the next field will also have a field day soon. So the behavioural side now says calm down your expecatitons and be real. There is nothing wrong in living a descent life and serving the purpose of life rather than exhausting the energy in the first few laps of the race called life.
d) What are we left with right now huge inflation, sky high oil prices, no buyers for the toxic assets, cooling commodity demand, unstable geopolitical scenarios and huge amount of uncertainty..Everyone wants to see a glimmer of hope, but see the smart moves around..Warren Buffett has placed his bets and so has Anil Ambani with Steven Spielberg..Do we sense an oppurutunity and do we have the deep pockets to invest now??? some are doing can we???
Whatever be it I think there are many consequences but the most striking of it is the falling of the empire call America..Its a more level field now for all the excesses that it did and as its said absolute power corrupts absolutely and the end of the Bush era with the financial crisis is closing of one of the worst chapters of US history post world war...Now its the time to reflect inwards and think for the power they used to be just by not intervining and using politics cleverly, when the world was a much more safer place.. Hope we all see a new disruptive world where things will be seen in a different light...
LMAO, I believe first thing management do after landing up in a soup is to fire their IT guys to reduce cost of operation....they must be thinking, in this situation we can surely not hire...so let's FIRE!!
Lesson 1 : What goes up, will sure come down
Lesson 2 : Diversify Diversify Diversify
Lesson 3 : You can not predict future, play with caution.
and Final Lesson : Never fire IT people, they are your best friend in moment of crisis.
lol, Its now 'i-bank' phobia. Happened to watch a TV show on alternative careers for graduates from top management schools...they seem lost actually!
Interestingly, there are some conservative players in this sector who've survived the crisis too.
Post a Comment