Two days of Finance Bootcamp, and my biggest take home is that it is not the field that I would aim for. Besides the unsocialable working hours and extra-ordinarily high stress levels, in the current climate finance is simply off-limit for experienced MBAs with a non-finance background. It is as simple as that. So, why bother and waste your time and energy.
Even then, there were many new things to learn as I listened to the sector consultants. My key take away:
Even then, there were many new things to learn as I listened to the sector consultants. My key take away:
- Investment banking constitutes of only 10% of finance jobs. Finance is much more than M&A and trading
- the execution time of financial deals can vary from micro-seconds (trading) to decades (project finance)
- even after 6 years of work-experience, there is much to learn about the black art of writing CVs and cover letters
- a well researched opinion can make all the difference
- networking rules
- in the current scenario, forget about finance if you do not have a finance background
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