WSJ posted a well thought summary of what should your resume have (and not have) if you are looking for a leadership position.
Excellent example of Dawn Jordan, a 39-year-old marketing professional from Laguna Beach, Calif. Ms. Jordan, also a blogger for WSJ.com's Laid Off & Looking blog, has been job hunting since her position as an operations vice president at Bank of America Corp. was eliminated in October 2008.
Creating a Résumé That Sells
Wednesday, December 30, 2009
41 Questions and 1 Personality
A good personality finder:
http://www.41q.com/
MY RESULTS: http://www.41q.com/type.41q?p=13677636
Your personality type: "Social Realist"
Warm-hearted, popular and conscientious. Tend to put the needs of others over their own needs. Feel strong sense of responsibility and duty. Value traditions and security. Interested in serving others. Need positive reinforcement to feel good about themselves. Well-developed sense of space and function.
Careers that could fit you include:
Home economics, nursing, teaching, administrators, child care, family practice physician, clergy, office managers, counselors, social workers, bookkeeping, accounting, secretaries, organization leaders, dental assistants, homemakers, radiological technologists, receptionists, religious educators, speech pathologists.
http://www.41q.com/
MY RESULTS: http://www.41q.com/type.41q?p=13677636
Your personality type: "Social Realist"
Warm-hearted, popular and conscientious. Tend to put the needs of others over their own needs. Feel strong sense of responsibility and duty. Value traditions and security. Interested in serving others. Need positive reinforcement to feel good about themselves. Well-developed sense of space and function.
Careers that could fit you include:
Home economics, nursing, teaching, administrators, child care, family practice physician, clergy, office managers, counselors, social workers, bookkeeping, accounting, secretaries, organization leaders, dental assistants, homemakers, radiological technologists, receptionists, religious educators, speech pathologists.
Top Ten Newsletter | McKinsey
Link at the end
1. GOVERNANCE
Leadership lessons for hard times
A series of interviews with 14 CEOs and chairmen of major companies sheds light on the foundations of corporate leadership.
2. BUSINESS TECHNOLOGY
Five trends that will shape business technology in 2009
The year 2009 will be challenging for CIOs. Here’s how to play your hand.
3. FINANCIAL SERVICES
A better way to fix the banks
Here’s a plan that could solve the toxic-asset pricing problem voluntarily—without requiring Uncle Sam to nationalize the whole industry—and make (pretty much) everyone a winner.
4. HIGH TECH
Hal Varian on how the Web challenges managers
Google’s chief economist says executives in wired organizations need a sharper understanding of how technology empowers innovation. [includes interactive]
5. STRATEGY
Leading through uncertainty
The range of possible futures confronting business is great. Companies that nurture flexibility, awareness, and resiliency are more likely to survive the crisis, and even to prosper.
6. ECONOMIC STUDIES
The crisis—one year on: McKinsey Global Economic Conditions Survey results, September 2009
A year after the global economic system nearly collapsed, many companies are finally finding ways to increase profits under the new conditions. But almost as many expect profits to continue falling, and executives also indicate that their broader financial hopes remain fragile. Many expect more government involvement in economies and industries over the long term.
7. MARKETING
Enduring Ideas: The industry cost curve
In this interactive presentation—one in a series of multimedia frameworks—McKinsey director Rob Latoff offers insight into the industry cost curve, a business school classic for understanding pricing. By bringing discipline and a practical set of definitions to bear, this framework can be applied to real-world, competitive markets. [includes interactive]
8. BUSINESS TECHNOLOGY
How companies are benefiting from Web 2.0: McKinsey Global Survey Results
The heaviest users of Web 2.0 applications are also enjoying benefits such as increased knowledge sharing and more effective marketing. These benefits often have a measurable effect on the business.
(Premium membership required)
9. ORGANIZATION
Good boss, bad times
Management expert Robert Sutton shares lessons on handling layoffs and teams in crisis. [includes video]
10. CORPORATE FINANCE
What next? Ten questions for CFOs
As companies shift their attention from fighting the crisis to getting the most from the recovery, CFOs must keep them focused.
Read : McKinsey's best of the year
1. GOVERNANCE
Leadership lessons for hard times
A series of interviews with 14 CEOs and chairmen of major companies sheds light on the foundations of corporate leadership.
2. BUSINESS TECHNOLOGY
Five trends that will shape business technology in 2009
The year 2009 will be challenging for CIOs. Here’s how to play your hand.
3. FINANCIAL SERVICES
A better way to fix the banks
Here’s a plan that could solve the toxic-asset pricing problem voluntarily—without requiring Uncle Sam to nationalize the whole industry—and make (pretty much) everyone a winner.
4. HIGH TECH
Hal Varian on how the Web challenges managers
Google’s chief economist says executives in wired organizations need a sharper understanding of how technology empowers innovation. [includes interactive]
5. STRATEGY
Leading through uncertainty
The range of possible futures confronting business is great. Companies that nurture flexibility, awareness, and resiliency are more likely to survive the crisis, and even to prosper.
6. ECONOMIC STUDIES
The crisis—one year on: McKinsey Global Economic Conditions Survey results, September 2009
A year after the global economic system nearly collapsed, many companies are finally finding ways to increase profits under the new conditions. But almost as many expect profits to continue falling, and executives also indicate that their broader financial hopes remain fragile. Many expect more government involvement in economies and industries over the long term.
7. MARKETING
Enduring Ideas: The industry cost curve
In this interactive presentation—one in a series of multimedia frameworks—McKinsey director Rob Latoff offers insight into the industry cost curve, a business school classic for understanding pricing. By bringing discipline and a practical set of definitions to bear, this framework can be applied to real-world, competitive markets. [includes interactive]
8. BUSINESS TECHNOLOGY
How companies are benefiting from Web 2.0: McKinsey Global Survey Results
The heaviest users of Web 2.0 applications are also enjoying benefits such as increased knowledge sharing and more effective marketing. These benefits often have a measurable effect on the business.
(Premium membership required)
9. ORGANIZATION
Good boss, bad times
Management expert Robert Sutton shares lessons on handling layoffs and teams in crisis. [includes video]
10. CORPORATE FINANCE
What next? Ten questions for CFOs
As companies shift their attention from fighting the crisis to getting the most from the recovery, CFOs must keep them focused.
Read : McKinsey's best of the year
Real Estate Investor Insights
I attended a real estate investor seminar and thought of putting together some thoughts. Above all, what I really liked in the whole conversation was how they described fear and ignorance to be the sole determinant of success vs frustration. Gist of that was, if you do not look into the details of something that you are unclear about... you would probably refrain from looking into opportunities that exist. For example, I fear from buying something that is a foreclosure or a REO as I do not know what fixing of a property entails. Well, I realized that its usually not a big deal and most of the properties can be fixed for $5k to $25K (depending upon the property).
So, here are the four strategies that were discussed in the seminar. Please pay attention to changing numbers in each case.
Short Sale: When a buyer or investor can not make mortgage payments on a property, the property is put for sale by a owner. Bank basically agrees to accept less than they lended. Here is a brief on how this works out:
Home original purchase price: 260,000
-------------------------------------------------
Home current retail price: 240,000 (Value went down)
Owner Sale Price 200,000
Morgage and Tax Backlog 10,000
Closing Costs 5,000
Total Cost to buyer 215,000
Approximate equity on purchase date: $25,000
Now, if you want to live in this house for 3 years, then you get $8000 credit as well. If you put in "green" appliances, some more credit ($5,000 or so?).
Was the effort worth 25K? you decide for yourself!
Foreclosure: When a buyer or investor can not make mortgage payments on a property, the property is foreclosed by bank (Morgage Comapany). Now, bank tries to sell it. Here is a brief on how this works out:
Home original purchase price: 260,000
-------------------------------------------------
Home current retail price: 240,000 (Value went down)
Bank Sale Price 170,000
Morgage and Tax Backlog 10,000
Closing Costs 5,000
Cost to Fix the property 15,000
Total Cost to buyer 200,000
Approximate equity on purchase date: $40,000
Now, if you want to live in this house for 3 years, then you get $8000 credit as well. If you put in "green" appliances, some more credit ($5,000 or so?).
Was the effort worth 40K? you decide for yourself!
Please Note: A property may sell in short sale, if it attaracts appropriate number of buyers and they feel its worth 215K. So, it may not ever be foreclosed.
Auctions: a) When a buyer or investor can not make mortgage payments on a property b) Property was not sold during short sale and c) the property was not sold when foreclosed by bank (Morgage Comapany).
Now, government body tries to auction it to recover taxes etc. Here is a brief on how this works out:
Home original purchase price: 260,000
-------------------------------------------------
Home current retail price: 240,000 (Value went down)
Auction Sale Price 140,000
Tax Backlog 10,000
Closing Costs 3.000
Cost to Fix 30,000
Total Cost to buyer 183,000
Approximate equity on purchase date: $57,000
Now, if you want to live in this house for 3 years, then you get $8000 credit as well. If you put in "green" appliances, some more credit ($5,000 or so?).
Was the effort worth 57K? you decide for yourself!
Please Note: A property may sell in short sale, if it attaracts appropriate number of buyers and they feel its worth 215K. Most properties sell during foreclosure. So, it may not ever be auctioned. Also, think of the property that did not attract buyers on two major price reductions.
REO (Real Estate Owned): a) When a buyer or investor can not make mortgage payments on a property b) Property was not sold during short sale c) the property was not sold when foreclosed by bank (Morgage Comapany) and d) Property was not sold during auction
Now, bank again tries to auction it to recover as much as possible and take it off their books. Here is a brief on how this works out:
Home original purchase price: 260,000
-------------------------------------------------
Home current retail price: 240,000 (Value went down)
Sale Price 115,000
Closing Costs 3,000
Cost to Fix 30,000
Total Cost to buyer 148,000
Approximate equity on purchase date: $92,000
Now, if you want to live in this house for 3 years, then you get $8000 credit as well. If you put in "green" appliances, some more credit ($5,000 or so?).
Was the effort worth 92K? you decide for yourself!
Please Note: A property may sell in short sale, if it attaracts appropriate number of buyers and they feel its worth 215K. Most properties sell during foreclosure. So, it may not ever be auctioned. Also, think of the property that did not attract buyers on three major price reductions. However, REOs are pretty much as good as auctions because during auction you must pay in cash within 24hrs. Bank can lend you money to purchase REOs from them.
Remember, you must negotiate with bank to have them accept as low as possible. Numbers above are just representative. For every dollar bank has on a morgage, they have to set aside seven dollars that they can not touch. so, for a 200K house, there is 1.4M that they have on hold. They want to release that money asap by selling 200K property asap.
So, here are the four strategies that were discussed in the seminar. Please pay attention to changing numbers in each case.
Short Sale: When a buyer or investor can not make mortgage payments on a property, the property is put for sale by a owner. Bank basically agrees to accept less than they lended. Here is a brief on how this works out:
Home original purchase price: 260,000
-------------------------------------------------
Home current retail price: 240,000 (Value went down)
Owner Sale Price 200,000
Morgage and Tax Backlog 10,000
Closing Costs 5,000
Total Cost to buyer 215,000
Approximate equity on purchase date: $25,000
Now, if you want to live in this house for 3 years, then you get $8000 credit as well. If you put in "green" appliances, some more credit ($5,000 or so?).
Was the effort worth 25K? you decide for yourself!
Foreclosure: When a buyer or investor can not make mortgage payments on a property, the property is foreclosed by bank (Morgage Comapany). Now, bank tries to sell it. Here is a brief on how this works out:
Home original purchase price: 260,000
-------------------------------------------------
Home current retail price: 240,000 (Value went down)
Bank Sale Price 170,000
Morgage and Tax Backlog 10,000
Closing Costs 5,000
Cost to Fix the property 15,000
Total Cost to buyer 200,000
Approximate equity on purchase date: $40,000
Now, if you want to live in this house for 3 years, then you get $8000 credit as well. If you put in "green" appliances, some more credit ($5,000 or so?).
Was the effort worth 40K? you decide for yourself!
Please Note: A property may sell in short sale, if it attaracts appropriate number of buyers and they feel its worth 215K. So, it may not ever be foreclosed.
Auctions: a) When a buyer or investor can not make mortgage payments on a property b) Property was not sold during short sale and c) the property was not sold when foreclosed by bank (Morgage Comapany).
Now, government body tries to auction it to recover taxes etc. Here is a brief on how this works out:
Home original purchase price: 260,000
-------------------------------------------------
Home current retail price: 240,000 (Value went down)
Auction Sale Price 140,000
Tax Backlog 10,000
Closing Costs 3.000
Cost to Fix 30,000
Total Cost to buyer 183,000
Approximate equity on purchase date: $57,000
Now, if you want to live in this house for 3 years, then you get $8000 credit as well. If you put in "green" appliances, some more credit ($5,000 or so?).
Was the effort worth 57K? you decide for yourself!
Please Note: A property may sell in short sale, if it attaracts appropriate number of buyers and they feel its worth 215K. Most properties sell during foreclosure. So, it may not ever be auctioned. Also, think of the property that did not attract buyers on two major price reductions.
REO (Real Estate Owned): a) When a buyer or investor can not make mortgage payments on a property b) Property was not sold during short sale c) the property was not sold when foreclosed by bank (Morgage Comapany) and d) Property was not sold during auction
Now, bank again tries to auction it to recover as much as possible and take it off their books. Here is a brief on how this works out:
Home original purchase price: 260,000
-------------------------------------------------
Home current retail price: 240,000 (Value went down)
Sale Price 115,000
Closing Costs 3,000
Cost to Fix 30,000
Total Cost to buyer 148,000
Approximate equity on purchase date: $92,000
Now, if you want to live in this house for 3 years, then you get $8000 credit as well. If you put in "green" appliances, some more credit ($5,000 or so?).
Was the effort worth 92K? you decide for yourself!
Please Note: A property may sell in short sale, if it attaracts appropriate number of buyers and they feel its worth 215K. Most properties sell during foreclosure. So, it may not ever be auctioned. Also, think of the property that did not attract buyers on three major price reductions. However, REOs are pretty much as good as auctions because during auction you must pay in cash within 24hrs. Bank can lend you money to purchase REOs from them.
Remember, you must negotiate with bank to have them accept as low as possible. Numbers above are just representative. For every dollar bank has on a morgage, they have to set aside seven dollars that they can not touch. so, for a 200K house, there is 1.4M that they have on hold. They want to release that money asap by selling 200K property asap.
Friday, December 18, 2009
Schools with MS in Finance Program Sorted by Lenght (US Only)
| School name | Country | Name of programme | Prior work experience required | Intakes per year | Enrolment months | Study mode | Length of programme - full-time (months) | Employed at 3 months - full-time programme (%) | Numbers enrolled 2008/9 - full-time |
| Purdue University: Krannert | US | Master of Science degree in Finance | No | 1 | July | F / T | 10 | n/a | 25 |
| Tulane University: Freeman | US | Master of Finance | No | 1 | July | F / T | 10 | 92 | 73 |
| University of Florida: Hough | US | Master of Science in Finance | No | 1 | July | Both | 10 | 79 | 23 |
| Washington University: Olin | US | Master of Science in Finance | Preferred | 1 | Aug | Both | 10 or 17 | 87 | 37 |
| Temple University: Fox | US | MS in Financial Engineering | Preferred | 1 | Sep | Both | 11 | n/a | 12 |
| Brandeis University | US | Master of Science in Finance | Yes | 3 | Aug, Jan, May | Both | 12 | n/a | 11 |
| UCLA: Anderson | US | Master of Financial Engineering | Preferred | 1 | Jan | F / T | 12 | n/a | 39 |
| George Washington University | US | The Master of Science in Finance Program | Preferred | 1 | Sep | Both | 12 | 100 | 43 |
| University of California at Berkeley: Haas | US | Master's in Financial Engineering | Preferred | 1 | Mar | F / T | 12 | 97 | 64 |
| Boston College: Carroll (GMAT Needed) | US | Master of Science in Finance | Preferred | 2 | Jan, Sep | Both | 12 | 82 | 41 |
| University of Illinois at Urbana-Champaign | US | Master of Science in Finance | Preferred | 1 | June | F / T | 12 | 71 | 101 |
| Villanova School of Business | US | Master of Science in Finance | No | 1 | May | F / T | 12 | 63 | 22 |
| Illinois Institute of Technology: Stuart | US | Master of Science in Finance | Yes | 3 | Jan, May, Aug | Both | 12-16 | n/a | 110 |
| Drexel University: LeBow | US | Master of Science in Finance | Preferred | 3 | Sep, Jan, Mar | Both | 12-24 | 72 | 18 |
| Saint Joseph's University | US | Master of Science in Financial Services | No | 3 | Sep, Jan, May | Both | 15 | 100 | 8 |
| Claremont Graduate University | US | Financial Engineering Program | Preferred | 1 | Aug | Both | 16 | 72 | 18 |
| Temple University: Fox | US | MS in Finance | Preferred | 2 | Sep, Jan | Both | 18 | n/a | 22 |
| Louisiana State University: Ourso | US | Master of Science in Finance | No | 2 | Jan, Aug | Both | 18 | 100 | 14 |
| DePaul University: Kellstadt | US | Master of Science in Finance | Preferred | 4 | Sep, Jan, Apr, July | Both | 21 | n/a | 24 |
| University of Houston: Bauer | US | Masters of Science in Finance | Preferred | 2 | Jan, Aug | Both | 24 | n/a | n/a |
| Georgia State University: Robinson | US | Master of Science in Finance | Preferred | 3 | Aug, Jan, June | Both | 24 | 90 | 15 |
| University of Utah: Eccles | US | Master of Science in Finance | No | 1 | Aug | Both | 9 | 87 | 18 |
| Vanderbilt University: Owen | US | Masters in Finance | No | 1 | Aug | F / T | 9 | 64 | 28 |
| Case Western Reserve University: Weatherhead | US | Master of Science in Management - Finance | No | 2 | June, Aug | Both | 9-15 | n/a | 26 |
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