In our continuing question and answer series with our Fellows, we would like to provide another installment, in which we posed the question: “What are opportunities that you see in the new restructuring of Financial Services?”
“One of the clearest challenges from the current crisis is that government and private industry need experienced, financially-wise leaders to step into new roles. These are the types of markets that are remembered for decades to come and it could not be a better time to enter Finance. We will see a huge opening for hungry, new, and diverse talent to step in and develop the ideas that will move us forward.
Secondly, while some might say that a few specific “models” are gone forever, I think they will just adapt to the new landscape. People have falsely “killed off” investment banking, emerging markets investing, high yield bonds, real estate, private equity, micro-finance, and derivatives many times over. Certain products do go away, but there could be no better time to learn how to analyze bonds in a depressed market, or bring forth a creative M&A deal with limited financing, or get a hard hat on to explore real estate properties. Yes the market is tough and opportunities might be more limited than before, but Finance is here to stay.”
***Hector Fernandez (Kellogg ’10)
“I see a lot of opportunities given the new restructuring. I feel that a lot off “complexity” will be taken out and all of the so called fancy products that got us into this situation will be hard to replicate. That said, banks will still need to put money to work, the new rules of the game will probably involved better risk management and less use of leverage across industries/companies, that said, I feel that Real Estate, Venture Capital and Entrepreneurship will be great areas to get involved right now. As Warren Buffer said “be greedy when everybody is fearful and be fearful when everybody is greedy”.”
***Karlo Teran (Kellogg ’10)
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