Thursday, September 25, 2008

Work for a company that does something.

These were the words of advice from our guest speaker Charles Morris, author of Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash in my financial crises class earlier this week. After a talk on the symptoms, signs and root causes of the current crisis one of the questions posed to Mr. Morris was - we are MBAs looking at the current economic turmoil - what job advice do you have?
His advice - work for a company that does something, that makes something real. Too many MBAs head to Wall Street or consulting firms without taking stock of what they are really contributing and what skills they are gaining. He told us to take the time to learn how a business ticks, functions, how to manage real people and real problems with a level of involvement that many on Wall Street just do not understand.
It was a sobering conversation despite that fact that Mr. Morris had us laughing at many points during his talk.

Today in the same class we had MBIA CEO Jay Brown speak to us about his company's experience through the current crisis. Again we received a fair amount of excellent advice from this speaker. One of my favorites: Lots of people will be working twice as hard as you because they want your job. They will also all tell you they like you. Get your assistant to figure out which ones really do like you!

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