.......a journey called life

On 25th April, I blogged about me quitting the field of finance once and for all (See here). In a dramatic turn of events yesterday, I ended up in one more Finance Elective. Reminds me of my conversation with one of the Executive MBA students couple of months back. On listening to my interest in working only for Consulting or companies serious at SCM (and in particular, listening to my hatred towards working for banks), he made a strong statement that Banks own the world. You never know which bank will buy out the company you are working for. It like the Big Brother of 1984. It's everywhere! It's always watching you... The extent of pervasiveness is hard to imagine. Take a look at your favorite company's balance sheet ( I presume its not Microsoft) and you would find out that they are literally owned by Banks.

Look around! What's happening....Cerberus Capital Management acquired Chrysler for $7.4 Billion. They are interested in buying Land Rover and Jaguar arms of Ford as well. Last year, around December, they got interested in the Semiconductor Industry and before anyone could notice, highly leveraged Buyouts ate Philips Semiconductor, Chip unit of Agilent Technologies and Freescale Semiconductor in $ 10b, $ 2.7 B and $17.6 B, respectively (Source).

Coming back to yesterday! I registered for this module called "Competitive Strategy for SME and Startup". Sounded fancy and this was one of the two classes being offered on Saturdays. The other was "Fund Management" and I had no intention of getting back to the world of finance (Read Again!). So, there I was! In the SME & Startup thingie! By nature, I am built for working in big organization and the irregularities and the chaos of a startup suffocates me. I took this class as I did not had any other option but first 15-20 minutes of class reinforced my belief that I am not made for this module. The entire module revolved around a Business Plan and I have no idea how to make one and neither do I have any intent in the near future. Besides, Summer term ends in a flash (6 Weeks) and making a business plan out of the thin air is not my cup of tea. So, I just leaked out of the class! Too rude but then I was wasting my time there considering the fact that I had no intention of continuing with that module.

After I came out of the lecture theatre, prudence got into me! I had to take one class in order to enable me to finish my MBA in December. ......You guessed it! Fund Management! In next 10 minutes, I found myself listening to the Fund Management Professor. I hate to admit that I loved the subject and to add to it, Professor was amazing. Apparently, he flies from San Francisco, where he operates his hedge fund, for this class every weekend and that gave me even more reasons to concentrate.

Even though I have no intention of working for a Bank post my MBA, I should be ready considering the debatable fact that they own the world! Its good to know some jargons after all....