What: US Treasury Department Where: Washington DC What did you do this summer?I was working at the US Treasury Department for the Assistant Secretary of Financial Markets. What was your background prior to HBS? I was investment banking at Morgan Stanley, focusing on debt financings for US infrastructure projects. Why did you choose to spend… Continue reading Where in the World did you Spend your Summer–Veena Ramaswamy (OJ)
Tag: banking
Books & Looks
Vivian Weng (NH), an RC student, recently launched the Mittenberry, a modern spin on the mitten. Worn normally, it looks and feels like a classic mitten. But a quick flip of the thumb flap allows the wearer to type and text on her device du jour. Lily-Hayes Kaufman (LHK): Would you say that Mittenberry is… Continue reading Books & Looks
Where in the World did you Spend your Summer–Atakan Hilal (OF)
The Harbus sat down with Atakan Hilal (OF), who returned to his home country of Turkey for the summer. Atakan came to HBS with four years of experience at Nestle www.replicabestsale.co.uk, a brand respected worldwide, and hoped to spend his summer trying his hand at consulting. He shared his frustration of being an international student… Continue reading Where in the World did you Spend your Summer–Atakan Hilal (OF)
Inside Hell Week
If hell week doesn’t get you, the Boston winter will. There’s a reason “hell week” is so named, but unfortunately, the hell of the job search isn’t confined to one week in February. A glimpse into the life of a first-year student searching for an internship reveals the grueling process of landing a summer job.… Continue reading Inside Hell Week
Roger Altman, Evercore Partners Founder and CEO: The Entire Structure of Western Finance Will Change Over Time
On October 15, 2008, Mr. Roger Altman, Evercore Partners Founder and CEO, gave a speech in Spangler Auditorium about the long-term implications of the current financial crisis. Roger Altman is the Chairman and CEO of Evercore Partners. Mr. Altman began his investment banking career at Lehman Brothers in 1974. Beginning in 1977, he served as… Continue reading Roger Altman, Evercore Partners Founder and CEO: The Entire Structure of Western Finance Will Change Over Time
The “Harvard MBA Indicator” for the Next 100 Years
The Harvard MBA Indicator is a stock market indicator that uses job placement statistics at HBS to predict the stock market. As I listened to Dean Light and President Faust speak at the Business Summit, I decided that it may be time for me to create a new type of indicator more commensurate with our… Continue reading The “Harvard MBA Indicator” for the Next 100 Years
What the Financial Crisis Means To HBS
“It is an anxious time. A worrisome time. Probably even a dangerous time. It’s a historic time. A time that we will be teaching about in our classrooms for some time.” And so began Dean Jay Light presenting to a packed Burden Auditorium on Tuesday, September 23 for “Turmoil on the Street: Fathoming the Financial… Continue reading What the Financial Crisis Means To HBS
Inner Circle Sports Visits the Business of Sports Club
Boutique sports and entertainment investment banking firm Inner Circle Sports visits Business of Sports Club. RCs, remember making a valuation for the Tottenham Soccer Team for the Finance 1 Final? How exactly do you value a sports team with little public data, a large amount of intangible assets, and little to no comparables? This is… Continue reading Inner Circle Sports Visits the Business of Sports Club
HBS Team Takes 2nd Place Overall in the Annual National IPO Challenge Hosted by the Chicago Graduate School of Business
A team of five HBS students – Jason Kreuziger (OJ), Steve Davis (OJ), Benjamin Kramarz (NH), Ken Auspaker (NG), and Michael Jones (NF) – took second place overall out of approximately 70 teams in the annual National IPO Challenge hosted by the Chicago Graduate School of Business. This marked the best finish ever in the… Continue reading HBS Team Takes 2nd Place Overall in the Annual National IPO Challenge Hosted by the Chicago Graduate School of Business
2+2 Program: Have They Really Thought This Through?
Letter to the Editor Dear Harbus I’ve got a better name for the administration’s 2+2 program. Give Kellogg’s a call and see if you can use ‘Special K’. Allow me to explain. Current HBS students have no problem with you letting in 100 kids with no experience but please keep them away from us and… Continue reading 2+2 Program: Have They Really Thought This Through?
Ladies, please.
On February 11th 2003, a group of female Harvard students apparently ‘dismantled’ a nine foot high snow penis built by fellow (presumably male) undergraduates outside the Tercentenary Theater. The story was later picked up by the press, eliciting comments from journals as highbrow as The Economist, from which the following quotes are taken: “It was… Continue reading Ladies, please.
HSBC MD Eichhorst Discusses Banking in China
Gordon Eichhorst is Head of Industrials and Technology Sector and Managing Director, Global Investment Banking, Asia-Pacific for HSBC. Prior to moving to Shanghai, Mr. Eichhorst worked for Morgan Stanley in London as head of the Technology Banking Group for Europe. He earned his MBA at the University of Chicago Graduate School of Business in 1997.… Continue reading HSBC MD Eichhorst Discusses Banking in China
MBA IT To the Rescue
Picture this scenario. You have a flight to catch in one hour. Next week is Hell Week and you have materials to print from the online Vault Guide to prepare for your banking interview. You quickly jog to the printer in Spangler, swipe your ID card and press print. Wait a second. What is this?… Continue reading MBA IT To the Rescue
Zoe Cruz Delivers Remarks at Alma Mater: Discusses Success, Adversity and Change at Morgan Stanley
Equipped with the disarming candor that has earned her the distinction of “Cruz Missile” among contemporaries, Morgan Stanley’s Acting President, Zoe Cruz (MBA ’82), had several pieces of wisdom to share with those contemplating their own forays into financial services as recruiting season officially kicks off. What you’re learning in LEAD matters, having fun in… Continue reading Zoe Cruz Delivers Remarks at Alma Mater: Discusses Success, Adversity and Change at Morgan Stanley
Top 10 Differences between Consulting and Banking
10. In consulting, your bed is in a hotel in smalltown America. In banking, your bed is under your desk. 9. In consulting, your vocabulary is excluded to words like “granularity,” “value-add,” and “traction.” In banking, your vocabulary consists of “31.45 billion,” “9.28 times EBITDA,” “10.77 times EBITDA,” and “comps universe.” 8. In consulting, you… Continue reading Top 10 Differences between Consulting and Banking
THE BURNING QUESTION
Welcome back to The Question. Not much has changed, except for my worm deck to skydeck relocation within Aldrich 10. Quick! Pop quiz!The approximate temperature in the Aldrich 10 skydeck is:a) Jamaica hotb) Africa hotc) The same temperature as Hell Yes, it’s warm, but I still love our old room. So let’s move on to… Continue reading THE BURNING QUESTION
To Work Or Not To Work?
To work or not to work? That is the question. Perhaps it was my first day here at HBS that I started to feel pressure to find a summer internship. My first suspicion that things were not looking good came at a career fair in September. Several of the companies canceled and left us staring… Continue reading To Work Or Not To Work?
Summer Job Reports
Company name: Corporate America Job title: Finance Intern Avg. hours per week: 40 Responsibilities: Starting right fielder for the Finance Gangstas softball team. Sometimes played left field if Joe was traveling. Also, I had to do some activity-based costing projects. Career plans: I want to return to Corporate America but I’m not sure about the… Continue reading Summer Job Reports
Culture & Wall Street: No Longer Just An Urban Legend
As investment banking becomes increasingly commoditized, the keys to ensuring a sustainable competitive advantage will be innovation and creativity, which in turn will be driven by attracting and retaining bright and motivated employees. Unfortunately, while investment banks have traditionally excelled at managing their financial capital, they have struggled with managing their human capital. But change… Continue reading Culture & Wall Street: No Longer Just An Urban Legend
News in Brief:
Members of the HBS Democrats Club returned to campus last week, filled with the very same passion and delusion that led them to begin their club last year. “Even though it’s only our second year of existence, we’re not letting that stop us from employing advanced recruitment techniques to round up all those closet Democrats… Continue reading News in Brief:
Spreadsheets n' Bedsheets:
It was one of those sultry South Beach nights and all the HBS people were going to Bed together. The lounge, that is. Of course, like any bored dork, I was sure to get my mileage out of this brilliant play on words, which I’m sure I was the first to think of. Here I… Continue reading Spreadsheets n' Bedsheets:
Real-life Crisis
In a disastrous development, Hopeless Business School has reported that its students have begun to apply course concepts in real-life. Completely blindsided by this shocking development, the HBS administration is now working hard to mitigate the spiraling crisis. Talking to The Harbus on this crisis, Li’l Kim, a senior administrative authority at HBS, said yesterday,… Continue reading Real-life Crisis
Interviewing Escapades
Well, RCs, it’s about that time. You have embarked on a journey that the second-year students are sick and tired of. Some of you are looking for a job; it’s quite noticeable from all of the people in Spangler project rooms last week past 5pm. (Cranberry was over a long time ago, so get real).… Continue reading Interviewing Escapades
A Cold Day in Hell
Ok, so maybe it’s Hell Week, not actually hell, but you get the idea. I decided that the best way for people to cope with the trauma of the upcoming week would be to share in the misery of others. With that in mind, I interviewed a couple of classmates to get their stories of… Continue reading A Cold Day in Hell
Student Seeks Work/Life Balance; Career Services Unsure How to Proceed
(Wilder House) RC student Chad Souter threw Career Services for a loop last Thursday when he told his career counselor that the most important thing he wants out of a job going forward is a strong work/life balance.“When my counselor, Joan Diaz, asked me to define what I think work/life balance means, I told her… Continue reading Student Seeks Work/Life Balance; Career Services Unsure How to Proceed
Summer Job Reports
Company name: Corporate AmericaJob title: Finance InternAvg. hours per week: 40 Responsibilities: Starting right fielder for the Finance Gangstas softball team. Sometimes played left field if Joe was traveling. Also, I had to do some activity-based costing project. Career plans: I want to return to Corporate America but I’m not sure about the Finance department.… Continue reading Summer Job Reports
John Mack on the Current State of Wall Street
John Mack is getting softer, and he thinks that Wall Street is coming along with him. At least, so he said to an audience of HBS students on Monday, October 20 in Spangler Auditorium. In a speech hosted by the HBS Finance Club, Mack, the CEO of Credit Suisse First Boston, spoke about the improvement… Continue reading John Mack on the Current State of Wall Street
HBS Research Shows Wall Street Settlement Flawed
Here at HBS, most of us know our professors from the classroom. However, they lead a double life, teaching case studies by day while solving the world’s problems under the cloak of night. Actually, this isn’t much of an exaggeration. Groundbreaking discoveries are common at Harvard Business School. Although students may not hear about them,… Continue reading HBS Research Shows Wall Street Settlement Flawed
She Thinks/He Thinks
More complicated than the imperial board in the Shad TOM exercise, the delicate interplay between the female and male HBS minds is a well observed and yet totally undocumented phenomenon. Thus, I have decided to delve deeply into the psyche of the two genders, examining their intricate thoughts in situations we can all relate to.… Continue reading She Thinks/He Thinks
OB Still Going Strong
They say a picture is worth a thousand words. That is what I’m banking on because, although I’ve been guilted into writing another one of my fabulous section articles, I’m pretty short on time (that should read, I don’t have a job, so I can’t justify taking time out to write a Harbus article). So,… Continue reading OB Still Going Strong
