Last term of the first year

This term is busier than the second term yet I'm not really motivated to work a lot for school. I guess the routine is kicking in and most of the students are in autopilot. Some are still looking for an internship, others are just waiting for the beginning of their summer job and lot is going on in club activities, like the Private Equity Conference, the Marketing Conference, the Africa Day...

I was motivated at the beginning by Markstrat but now that we are in the 4th period, it's becoming a bit boring. Further more, we've taken some pretty big losses in the Vodites market and it will be hard to recover before the end of the game. Macro-economics is definitely an interesting class and I'm learning a lot of things that I hope will be useful in my future career.

Finally, an interesting article from Business Week that relates the results of a study from a Wharton professor: the number of top executives with an Ivy League MBA working for F100 companies is on the decline. But is that so surprising? With salaries relatively low when compared to IB and MC, those companies are not really attractive for a fresh graduate with a huge loan to repay. Further more, it's not required anymore to spend 30 years in a company to reach to the top, since more companies are hiring outside talents for top jobs. Or as the professor put it:

If you wanted to run General Motors, would you begin as a junior engineer at General Motors, or would you begin by working at McKinsey? It's not clear that the McKinsey approach isn't faster.

Still, I'm not convinced that a good IB is necessarily a good manager. I think you need some operational experience to run a company and IB or MC is certainly not providing it.