An eventful week

If the last week is anything to go by, it probably is the end of Wall Street as we know it. At least that's what the guys who know it say.The good thing is I am now aware of Nouriel Roubini ,an interesting economist. He says it is nothing to do with management of the ibanks per ser but it is the flaw in the business model. My biggest worry is back in India everyone is feeling safe that KV Kamath has come out and said that ICICI \’s exposure to this is already assessed and minimal but that's not the problem, The problem is these same philosophy and fundamentals were duplicated elsewhere perhaps in India too. If that's the case then its time we toughen ourselves. I accept that the financial industry is far removed from my regular interactions but all the same.

The good fallout:

1. Hopefully this will end the Top MBA conforming to stereotypes  and look 4 real jobs in real world: My personal opinion is I-banking recruitment is to MBAs what joining the SWITCH(Satyam Wipro Infosys TCS CTS HCL)is to top tier engg students
2. Perhaps this will end the Government service mentality of professional programmers working with SWITCH i.e. they go to office at 9 worry about over working take long breaks use the office phone for  personal needs and are bitching about how low they get paid/work compared to someone who is on bench
3. Perhaps this will stimulate people to look at engg courses other than IT CSE .Atleast that's the norm in my state of Andhra Pradesh
4. Hopefully working in US with a body shopper stops being important achievement

Personally I think Management Consulting is another over hyped industry but then they dont do anything apart from hiring MBAs from best schools, pay very high salaries and creating a Brand out of it so it cannot crash i guess. (Pretty strong lobby)(Yeah I know they do more than that like adding value to an org etc but you  really know what it is too.)

Lets hope the remaining bad value crashes and is flushed out of the system , The government saving them will come back to haunt us.

Thankfully noone reads my blog otherwise I would get slammed