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Showing posts with the label Investment Banking

High Fructose Corn Syrup

"They're calling this the Bible of effective instruction!" my former principal excitedly announced four years ago in front of his entire teaching staff at the beginning of the school year. He was talking about Doug Lemov's book,  Teach Like a  Champion .  In my five years of teaching, four have always started with school leadership enthusiastically distributing copies of this book . In short,  Teach Like a Champion  outlines 49  techniques  for inexperienced teachers to become "master teachers." Before I take a shit on the movement this book has created, I'll say this: Teach Like a Champion does aptly summarize what any teacher should do at the minimum . It's by no means a recipe for championship teaching, but rather a list of tools all teachers should be comfortable using when appropriate. The "championship" teaching happens when those 49 techniques are coupled with passion, personality, grit, intuition, and improvisation skills.  My ...

Ross's Dilemma

I tend to arrive to school earlier than most. Usually the only person to greet me at school in the morning is the school safety officer posted at the main entrance. I'll say good morning to him as I make my way down my school's (only) hallway towards my classroom. Even though I've still got about an hour or so until students start rolling in, sometimes there's a student who beats everyone (including me) to school: his name is Ross and I have absolutely no clue what to do with him. I mean academically I have no clue. In fact, I'm pretty sure the American education system as it stands right now doesn't know what to do with him. Ross is sixteen years old, but by his high school transcript, he's still considered a high school freshman. His family moved to New York City from the Dominican Republic when he was old enough to be enrolled in elementary school. His state standardized test scores would tell you that he's still in elementary school. It's ...

This Isn't Right

In the world of teaching at-risk teenagers, the odds of students achieving what we in 21st century America define as "success" are slim-to-none. For many of my students, college is simply not a realistic or relevant next step, although that's what educators like me are conditioned to believe students should be striving for. We hold these unrealistic and unfair expectations and are then shocked when year after year, familiar faces disappear and become names on paper. And eventually those names become statistics. Something is very wrong with this. In my first year of teaching, I couldn't believe teaching at-risk students was like investment banking: a numbers game. Teachers worked their asses off, giving 110% everyday, but ultimately we knew the return rate of success was slim. In banking, we'd pitch merger ideas to a plethora of clients, hoping one would bite. Eventually someone would like an idea, and all of of our hard work would transform into a lucrative dea...

It's Not Always About Math

"I know Mista, I did really bad. Imma come during lunch to get help." I do a lot of legwork in the beginning of the year building relationships with my students. It's actually a tactic I learned in the finance world. As an investment banking analyst a.k.a. finance monkey, my day-to-day rarely comprised of human contact outside of my own colleagues. On most days and nights, I sat in my cubicle and built financial models, created presentations, and then made sure these materials were delivered on time to my managing director's Upper East Side condo before his black Lincoln Town Car came to drive him to the airport. Of course, I sent the materials to him using a separate company Town Car that would make the delivery and come back to the office. Simultaneously, I'd take another black Town Car back to my place on the company's dime for working into the wee hours of the night. What recession?.. It was rare for a low ranking monkey like me to travel. Sometimes I...

Winning Respect

It's the kids' first day of school. When the bell rings and they start filling up my classroom, there's a brief, chaotic moment where I have absolutely no control or influence. They don't know me, so I haven't established my presence. Nobody knows who I am, yet everyone seating in their seats is desperately wanting to prove themselves. Everyone has their tough face activated. There's a group of students that immediately run towards the back seats. Not all of them will have issues with noise or chit-chatting during class, some just want to be left alone. There are students who have to be loud about everything, because attention is their game. I foresee myself really enjoying toying with them for the rest of the year. A select few might even throw in a few cuss words out loud right before I'm about to speak, just to show how "bad ass" they are. "Fuck you bitch. Dat's my seat, n****." Buddy, I've heard a lot worse. At this po...

Round Four, Fight!

I'm somewhere in the middle of excited, calm, and nervous. Today is the first day of classes for students at my new alternative high school (we're starting a week earlier than traditional NYC public schools). Fair warning: I wrote this before the school day started. Now, I'm feeling closer to exhausted, but optimistic none-the-less. Three years ago, I started my first year teaching at a school that was also in it's first year. It was incredible to witness how school culture was set, how policies were developed, and most importantly, how excited everyone was to start "fresh." There was a ridiculous amount of positive energy in the room, bursting at the seams to spark change. Beyond my summer training experience with Teach for America, I had never been in a room where every adult present wanted to work their ass off for the greater good. Unless if one considers investment banking helping the poor. I guess not. Of course, as a twenty-four year old first-yea...

I Love You, But You're Bringing Me Down

I've pushed off writing this for a while, but I think it's time I just say it: I'm leaving my high school to teach somewhere else next year. In the spring of 2009, I left investment banking because I wasn't feeling fulfilled. I was miserable, pathetic and without passion. Teaching high school the last three years has offered me something different, something I'd never experienced. I didn't just feel fulfilled teaching, I felt passionate. It was honorable, righteous and ridiculously challenging. This was a job where you couldn't just do the same thing over and over again everyday, it required adaptation, improvisation and commitment. I began my first teaching year at a transfer school also in it's first year, serving 17-21 year old students from all over New York City. We operated our small school within a larger high school complex and we shared this space with three other schools (one of which would phase out). I began my three-year journey with...

I Want a Job in Investment Banking

Sometimes, I miss investment banking. Well, not really, just some aspects about the job. The paycheck was nice, and so were some of the perks, but what I really miss is the ridiculousness of others trying to get into the business while I was working there. As a college graduate from a state school, I really had to differentiate myself throughout the investment banking job application process. I had to create an amazing (amazingly ridiculous, more like) story about why investment banks should hire me. The competition was cut-throat: each bank put candidates through two or three rounds of interview "super days." A super day is a day-long session of interviews with anywhere between five to ten interviews. That means that if you received just one offer from an investment bank, you very likely went through at least twelve interviews to get it. This rigorous selection process may be part of the reason why this job appears to be so glamorous. Exhibit A : A rare instance captured...

Couch Surfing

Yesterday, I was running at the gym and desperately trying to find something to watch on the TV connected to the treadmill. Somehow I ended up catching the very last few seconds of an interview on CNBC with Jamie Dimon , CEO of J.P. Morgan Chase. Normally, I would've changed channels immediately, but the headline under his name caught my attention: "Live in San Francisco from the 30th annual J.P. Morgan Healthcare Conference ." Suddenly, I wasn't at the gym anymore: I was inside my old cubicle, drowning in mindless spreadsheets and presentations. I got a bad taste in my mouth. The human mind is a wonderful thing - it makes something difficult you went through in the past seem a lot easier than it actually was. Or it simply erases that memory from your everyday thoughts. I'd completely deleted the J.P. Morgan Healthcare Conference from my memory, and for good reason too. When I was in investment banking, that conference was the bane of my existence. Back then, ...

How to Not Run a School

Thomas Edison once said, " I have not failed. I've just found 10,000 ways that won't work."   I'm going to be honest: it's only midway through November and I think my school is on the verge of falling apart. Maybe that's an exaggeration, but it seems as if we're trying to go out of our way to make things more complicated, pointless, and ultimately, not fun . School should be a fun place for teachers and students. As it is being run right now, it is not. Over the past week, I've spent a considerable amount of time during my off-periods wondering what the hell happened. Three years ago, this place started with such a great culture and attitude. That feels like a long time ago. There's a long list of things that have been eating away at me and everyday, something new gets added on. Decisions are being made without foresight. Things that I thought would obviously be implemented have not been implemented. I thought we would have figured out at ...

1984

I've really been enjoying my third year teaching thus far, but lately it seems all the fun ends the moment the bell rings and I check my work e-mail. Lately, we've all been getting bombarded with e-mails concerning new policies, procedures, and other 1984 Orwellian-style control mechanisms. Every single meeting we've had as a complete staff has been about keeping us in check, rather than what we as a school can offer the students. A recent school initiative now requires teachers to "sign out" when we leave the building to grab lunch during our own lunch period. The day we receive a ball-and-chain free blackberry, I'm going to quit. I left investment banking because the job owned me and made me feel like there was always an eye in the sky. If my blackberry buzzed at two in the morning and I didn't respond, my cell phone would ring. If I didn't pick up, I'd get another ten e-mails. Eventually, I would get in deep shit with my deal team and then ...

I Just Taught for America (and Stuff)

I was on the pot this morning and doing some heavy thinking. Actually, I was doing some stinking as well, but yes, thinking too. For the readers that do not know me, I am not averse to talking about the act of pooping. I'm actually quite shocked that it's taken this long for that to hit the blog. I think pooping is pretty cool; I do some of my most critical thinking during and after the process. In fact kids, some of my best lessons have come straight out of the loo. So go ahead, thank my shit for your test results. So as I sat there, feeling lazy about the actual clean-up process of pooping, it dawned on me that I had just completed my two year commitment with Teach for America. Holy time travel Batman! Done and done, just like that. Of course, I'm sticking around and teaching next year, but there are others within my Teach for America "cohort" that are moving on and doing other things: consulting, investment banking, business school, law school, the list goe...

Detective Johnny Wadd

A few days ago, I had an interesting conversation with Kareem, who as many of the blog readers know is a student of mine set to graduate soon. Kareem asked me about my opinion on several get-rich-quick schemes he'd heard of or thought of. Kareem is an interesting student who spends a lot of time trying to come up with business ideas in order to "help people get even lazier" as he says. He goes through these random phases sometimes where all he can think about is money, getting rich and making more money. "I've just been thinking a lot lately. Will Smith's kid. He's got it made. He's a have . I'm a have not . That's so unfair. All the opportunities he's already had and is going to get." At first, I was shocked I was having this conversation with him, because I thought he knew better by now than to simply say life is unfair and do nothing about it. I told him sure, life is unfair but his definition of "have" and "hav...

A Questionable Answer Choice

When I'm making a quiz or exam, the most challenging part for me is coming up with incorrect answer choices. I suppose coming up with one or two wrong choices is easy enough: work through the problem and make a simple mistake. It's coming up with that fourth answer choice that is incredible difficult and I have to admit I spend a little too much time thinking about it. Sometimes I just run out of ideas and put something incredibly stupid.   Students in my Personal Wealth Management course recently took a quiz covering stocks. I stared at the response below for a solid five minutes before laughing my ass off. Exhibit A : What would CNBC's Jim Cramer say? In retrospect, I shouldn't have marked this incorrect given the causes of the ongoing financial crisis. Extra credit to you sir!

I'm Doing it For the Money

Two years ago around this time period, I received my first investment banking analyst bonus. The process went exactly the way authors have described it in books and directors have portrayed it in movies. Your phone rings and from the caller ID you see it's the head of your group. The big daddy. The brass of the brass. A big swinging dick (to borrow a term from Liar's Poker ). He wants you to swing by his office. He asks that you walk in on your knees so as to make things go quicker. Okay fine, maybe that last bit isn't true, but that's how most analysts felt walking into these types of situations. You sit down in his gigantic corner office with spectacular views of Manhattan. He tells you the following - [insert analyst name], you've been a tremendous asset to the group this year. As you know, in our business we reward those who we value. We consider you a top analyst here at [investment banking firm]. Take a look at this and tell me what you think.  He gives y...

Make Time to Waste Time

I can't believe it's June already. Last year in June, I was living "in-between" jobs and it was everything I thought it would be (FYI: I thought it would be awesome ). I had a lot of time off between investment banking and Teach for America's summer training program. I spent most of this time getting fit, cooking, going to coffee shops, reading, watching TV and doing home improvement projects. I was living the retired life at 24 years old, which I suppose makes me a baller. I accept. On top of that, I also co-starred in a short film produced by NYU Tisch graduate students. When I left banking, a good friend forwarded me a casting call for a director needing someone South Asian in a lead role. The movie was to be a short ten minute reinterpretation of O.Henry's The Gift of the Magi . In this version, a laid off investment banker has trouble finding a job and supporting his pregnant wife. My friend convinced me this role was basically written for me and tha...

I'm No Superman

In high school, I remember my teachers used to get really excited near the end of the week. They would say, "Don't worry guys, it's almost Friday! We're gonna make it!" I couldn't figure out why they got that excited about weekends. I mean sure, I loved the weekends: waking up late, no homework, hanging out with friends, the list goes on. Don't teachers just stay at home, grade papers and read books? It wasn't too long before I figured out why my teachers were so excited about Fridays: the job requires the energy of a nine year old and the last time I checked, I'm not nine (though I still giggle at the word "penis"). I'm a believer in mind over body, that is, if I think I'm not tired, then I won't feel tired. When I worked on Wall Street, I could pull some really late nights and still meet friends at 1 or 2 in the morning. Even if I worked 80-90 hours a week , it was pretty much assumed I still went out on Saturday night t...

Men Like George Bailey

For anyone who has seen It's a Wonderful Life , you'll love this video I found through a friend's away message (Thanks Rhick). As an outsider who was once a part of this system, I'm still shocked I participated in this crap. Big, nasty institutions more powerful than politicians earning billions off decent people who are losing their homes - yeah, I don't know what I was thinking. I guess I was just trying to be as rich as Mr. Potter? But then what?

Anniversary of a Good Thing

"Yo Mista! How come you left yo job when you wuz makin' so much?" Today marks the one year anniversary of my last day as an investment banking monkey analyst. Traditionally, most investment bankers send a generic farewell e-mail to their colleagues on their last day in the office (unless of course they got fired and were escorted out by security). This is what they tend to look like: Friends and Colleagues, Today is my last day at [firm name]. Thank you for making the past [time at firm] such a rich and rewarding experience. I wish you all the best of luck.  Please keep in touch. Regards, [monkey name] [monkey contact info]   Yes, these are quite short and boring. Most bankers don't even bother to compose their own - they just copy and paste farewell e-mails from their predecessors and replace the personal information with their own. I find it hilarious that even on their last day, bankers can't help but use copy and paste. Very fitting.   It makes co...

An Encounter With A Former Boss

I had no intention of posting this week because of a grad school project that has been killing me (or as my kiddos would say, "it's blowin' mine!"). However due to heavy snowfall, a snow day was declared earlier this afternoon. So, before I pass out from exhaustion I'd like to take some time to document an interesting event that occurred recently:  Around 3:30 pm two days ago, I needed coffee. I had a long day ahead of me because of the stupid grad school project, which goes on top of the normal routine of lesson planning and grading. Since I was out of milk in my fridge, I decided to head down to the Starbucks (sick, I know) around the corner. FYI - lack of sleep outweighs drinking the most burnt coffee in the world. They really need to do something about the fact that it tastes like shit. As I'm crossing the street, a black Lincoln Town Car stops on the opposite corner. It's interesting because these soon-to-be-extinct limos never fail to remind me...