things to write about…

has been an extremely jobless week in office. today was especially jobless (mainly because i didn’t receive too many emails). one associate in my team is out for the week meeting clients so i have to stay ‘just in case i’m needed’ and postpone my tour of other departments. but there’s no work for me here. so i’m forced to sit at the desk and do nothing (not too much business for our desk this week). today i got so bored that after reading a few dozen blogs, i even went to the extent of reading my own old blogs! all i’ve done this week is to attend 2 meetings, model 2 swaps, one google search and fetching one round of coffee!

feeling too bored to write now… this is already my third post today… have a lot of things to write about… will do so when i’m jobless and not bored. about cricket… about the investment banking myth (this will be written upon my return to India)… about the association of descendents of my grandfather’s grandfather… about the importance of marketing (yeah, no mistake there)… about life, the universe and all that… about emails… phone calls… long conversations… the loos here… another look at IIMB… how i think i’ve made all the right career decisions till now… my mom’s gyaan (sometimes extremely insightful, sometimes weird)…

remind me from time to time to write about these things… else i’ll forget and a lot of things will remain unsaid…

investment banking stuff…

investment banking is truly a volatile industry. i was talking the other day about the guy who recruited us leaving. today a fellow-intern (from IIML) lost his entire team. in other words, EVERYONE he was working with left the company today and moved elsewhere. poor guy now has nowhere to go… similar case with the other guy from IIML also! his MD has quit and his team is being disbanded. he doesn’t know if he’ll be asked to come back next year…

i was asking an MD today at a meeting regarding exodus of people from our company. he said, “our retention rates among junior and middle levels are the highest in the industry. i’m very happy about that. yeah, quite a few senior guys left but they weren’t doing much work anyway!” fundoo… this guy apparently left the banking industry in 1999 to start his own dot com company but after it went bust 2 years later, joined JP Morgan!

staying on the topic, i suddenly started wondering what would happen if a team suddenly quit en masse, like the L guy’s team left today. the team in question was a marketing team covering the middle east. which means that by tomorrow morning, there should be someone who should be there at the desk handling the phone (after all it’s a marketing desk and important ‘orders’ can’t be missed). they can’t leave an intern alone on the desk (mostly they’ll find a new desk for him), so someone else from some other position has to be moved in. marketing to the middle east requires knowledge of arabic and persian, since few clients know english. and marketing derivatives means that the person should know derivatives well and should be fluent with the modeling techniques!

i was just asking my VP what one does in such a situation. he simply said that he hasn’t thought about it but it WOULD be a tough problem for top management. and he added that though such events are common in the investment banking industry, there is no set practice as to what one would do. in all probability all the business that desk had would be gone forever!

(reminds me of the IT heydays when Infy and Wipro used to maintain a ‘bench’ – just in case there was an exodus or business picked up too rapidly)

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made upma once again yesterday. came out damn good. approximately as good as the best upma my mom makes… ate it slowly with curd…. was simply awesome… feeling hajaar proud of myself…

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my degree in Computer Science hasn’t gone waste. i’m still pretty good at debugging! as i keep realizing in office when people at my desk ask me to find out why two ‘identical’ models aren’t tallying…

sleep….

for some strange reason i couldn’t get sleep until well past 5 am this morning (i went to bed at 10:30 pm). got just about an hour of sleep (or a little more than that). have zombied through most of the day… lucky that i haven’t had too much to do actually…. waiting for this last bit of work to be done so that i can go…. and sleep…

many a time, i’ve attended a full day of class after a complete night out without at all sleeping in class! but somehow the same thing doesn’t carry on to work…

wonder how the IBD guys manage (lucky i’m in markets… )

weird stuff…

conversation i had with my parents yesterday evening…

Me: Dad, do you know that paddy is in town? (laughing) It seems his parents have started looking for a bride for him.
Dad (laughing really loudly): You think YOUR situation is any better? ask mom..
Mom: Yeah… well i had been to XXX uncle’s daughter’s wedding today. there you got a proposal (!!!???!!!)… from XXX uncle’s cousin’s nephew’s daughter…
Me: What the ?$”^?
Mom: Don’t worry… i didn’t like her… decided you also won’t like her… told them to “?%^ off (she didn’t say it to me or to them in that many words 😉 )
Me: Peace, mom… well left…

weird stuff…