amazing..

This is truly amazing. An oppurtunity to invest in the New York’s Nymex commodity market.

http://economictimes.indiatimes.com/What_B-schools_wont_teach_you_about_trading_on_Nymex/articleshow/1676104.cms

and the best part is ..like Ratan Tata, LN Mittal and Kumaramanglam Birla, he too has understood that India has opened its doors to opportunity overseas. The facilities available to Vishal are available to all of us. It only needs thinking big.

What i really loved is the last statement by Vishal

FIIs are our enemys, they take money from our share market.
This is very true, can’t agree more. These guys suck our blood, their heavy selling crashes our markets and they exit the position by making huge profits.

Comments Pls.

Folks, I need help. I am an MBA aspirant and planning to apply to the top 10 US colleges in 2008. I am putting up my profile in the application fashion. I need your comments/advice on the areas of improvement in my profile.

Here it goes...

Academics
I have a run-of-the-mill performance in my career starting with the 10th, 12th and the Engineering degree.
* 10th - 76%
* 12 - 77%
* BTech in EEE - 71.32% (College not in the well known names)

Professional
* Around 6 yrs of experience in the IT industry by the time I join (2008)
* Got a campus placement in Infosys - worked for 3.5yrs
* Worked in Birlasoft,USA - 6months
* Currently Working for Thomson Financials
* International experience - Around 4years in US

Extra Curricular
* Active participant in Infosys Hyderabad Toastmasters club
* VP Membership in Infosys Chennai Toastmasters club
* Active participant in the GE Asset Management Toastmasters club in US
* Active trader in the Indian Stock Market. Does a lot of trading in the Indian stock esp. options.
* Have traded in the US stock market.
* Member of a real estate investment group. This group runs by buying/selling real estate properties.

GMAT - Will be taking it in Apr 2007. Targeting a score of 700+.

Plan of action
I am planning to do my MBA in finance. The strengths which I can project are
* Worked for GE Asset Management at client location(US)
* Currently Working for Thomson Financials
* Knowledge of Indian and US stock Markets
* In Thomson Financials, I am supporting the high profile products which are widely used in the industry for Investments / Trading and a good knowledge of these products.

Weakness
* No NGO experience.
* No significant achievements in academics / sports.

Schools - Top 10 in US. Will give preference to those with better ranking in finance.

Essays - Planning to project my experience in the stock market industry. I think this will answer the Why MBA question.

After MBA - I would like to be associated with Wall street as an equity analyst(concentrating on the IT firms) in one of the big corporations like JP Morgan, Goldman Sachs or in private hedge funds. In the long term I am planning to open my own Hedge fund or a brokerage firm.

Advice required on the following
* The schools I need to target with respect to my profile and in alignment with my future dreams.
* Areas of improvement to project my profile in a better fashion (GMAT, NGO experience or anything which makes my profile look better).

I have around 1yr in front of me to work on these.

Comments most welcome.

Mock Test

As one of my friends pointed out, you won’t realize your weakness unless you take the test. I took a Princeton test and here are the results.

Score - 570
Quant - 44
Verbal - 23

Not an impressive score for sure, but learned a couple of things and hence strategize my preparation plans.

1) Need to improve my patience level as well as stamina. So I have decided to take tests on every weekend simulating the original test atmosphere.
2) Improve RC and CR --> Practice, Practice and Practice. Kaplan should be a good bet for RC and CR.
3) Keep doing short tests in RC, CR and SC - This will help me to stick on with time limit and plot an accuracy graph. Need to touch 90% accuracy consistently before Apr 20th.
4) Quants - A score of 50 is quite achievable. Will start doing tougher questions from the CAT papers.

The clock is ticking...

At last I have decided to book my dates for GMAT. The D day is on Apr 20th, 2007. Oh boy, the clock is ticking and I need to gear up, only 73 days left. I was little superstitious and hence avoided Tuesdays for the test date :-). Added a counter in my blog to keep myself motivated and not to loose focus.

Folks, pray for me, I don’t want to screw this up and go through the same process again.

The good news is out. I am getting married to Dhanya on Apr 29th. Too many things to be planned starting with design of the invitation cards to the first night :-)
All are invited. One of our engagement snaps attached..


Other things which happened in the last few days

* Got through all the vagaries of the H1 visa approval and hence will be back in US by mid of May.
* Company is planning to send me for SQL Server 2005 training, which will go into my resume as a bullet point.
* My manager agreed to change my dell DL100 laptop to a lighter one.
* My fiancée is out today for jewellery shopping. Hope she gets a bag full of it and I can fund my education fees with that :-)
* Had a nice booze party yesterday and at last ended up breaking a beer bottle.
* As I was watching the Sunday noon movie, the power went off. Later realized that its not a blackout and its just for us. Ok, let’s check this out. Someone removed the fuse and disconnected the power cable to our house. Oh god!!! We haven’t paid the electricity bills for the last 2 months. They could have waited till the end of the movie.. I was watching Mammottys king :-)