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MESSAGE FROM THE SRC Welcome the the last issue of the SouRCe for 2010! It’s been a great term and such a great privilege to have served you on the SRC. We want to thank all the students who have led clubs, participated in club and SRC events,

Outgoing SRC

and to those who have sent in their comments and ideas through to the

We bid farewell FIVE SRC members who have filled their two terms on the SRC:

SRC. Being active in the MBS community is part of the experience here and your feedback is what will allow the SRC and the school to work towards

Andre, Vanessa, Rosemary Mathew and Rajeev.

improving this for future terms. For those who are staying in Melbourne for the summer, we have a feature on events happening right here in Victoria over the break and for those traveling overseas, find out which MBS students might also be travelling to the same places you are. Last but not least, we wish all of you luck with your final exams, safe travels and happy holidays. See you in 2011! Your SRC

They’ve been outstanding officers on the SRC and will be sorely missed. Don’t worry though, you’ll still see them floating around on campus!

OUTGOING MEMBERS Vanessa Landry (Vice President) Andre Visser (President) will be in Munnar, India for New Years and his resolution for 2011 is to stick to his other NY resolutions for more than a week!

Vanessa will be in Toronto, Canada for New Years and her resolution for 2011 is to *actually* make it to Uluru this year!

Rosemary O’Brien (Treasurer and Secretary) will be welcoming in the new year in Beijing, China and her resolution is to not make any NY resolutions! (...damn just broke that one)

Rajeev Batra (Clubs) Rajeev will be in Goa, India for New Years and plans to get back to life in 2011

TALK TO THE SOURCE! Matthew Galt (Careers) will be somewhere south of the equator for New Years

The   SouRCe   editorial   team   wants   to   hear   your   opinion   in   order   to   make   the   best   use   of   this   communica:on   channel.     If   you   have   ideas   for   future   content,   or   have   any   other   comments   or   sugges:ons  email  us  at

SRC@MBS.EDU


EDITO R

CONTINUING MEMBERS ... AND THEIR NEW PORTFOLIOS FOR TERM 1 Jill Tang (Vice President) JT will be rocking it up in Seoul, Korea for New Year Eve and her resolution for 2011 is to remember to eat food while drinking

Kavita Brown (Careers , Co-Officer)

Victoria Huang (Secretary and Communications & IT) will be soaking up the rays in Pauanui, New Zealand over New Years and her resolution is to start planning features for the next issue of the SouRCe now (email me ideas!)

Is celebrating New Years in Kolkata, India. Her new years resolution is to tame the bulge!

John Hunt (Student Experience)

MEET YOUR NEW SRC OFFICERS! Michael Ngo (President)

Mike will be in Barcelona, Spain for the new year and his resolution for 2011 is to carve up some blue runs on his new snowboard!

will be somewhere down the coast for New Years Eve and his goal for 2011 is to stop drinking coffee

Julian Singh (Treasurer) will be watching the fireworks from St Kilda Beach on new years eve. His resolution for 2011 is to make his previous NY resolution come true!

Samantha Wright (Alumni)

Bhavna Singhal (Clubs) Is going home to Singapore for New Years, and in 2011, she plans to learn all about the AFL - rules, teams and players!

Shivang Jaiswal (Careers, Co-Officer)


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SUMMER SLACKER

SUMMER FUN

By Mathew Keenan

Exams are over and you’ve earned the right to be a summer slacker. Here are some top ideas to while away the extra hours during summer break in Melbourne. Boxing Day Test: with Christmas Day done and dusted, grab some sunscreen and watch Australia beat England in the Boxing Day Test – reserve tickets still available for day one (ticketek.com.au) 26-30 December 2010. New Year’s Eve Fireworks: so you can’t be in Sydney or New York to see in the new year? Make the most of the free public transport and watch the New Year’s Eve fireworks on the banks of the Yarra thatsmelbourne.com.au. 31 December 2010. Summadayze Dance Party: relive your youth at the Summadayze dance party on New Year’s Day at the Sidney Myer Music Bowl (tickets from ticketmaster.com.au). 1 January 2011. Open Air Cinema: pack the Aerogard and catch a movie at an open air cinema over summer. Favourites include Rooftop Cinema on top of Curtin House in the city (rooftopcinema.com.au) or Moonlight Cinema in the Botanic Gardens (moonlight.com.au). Now until March 2011. Mornington Peninsula Wineries: just over an hour’s drive from Melbour ne, on the Mor nington Peninsula, you’ll find some of Victoria’s best wineries. Make a day-

trip of it, and be sure to stop by Paringa Estate, Kooyong Wines, or join the in-crowd at T’Gallant’s Spuntino Bar (tgallant.com.au) for lunch. For something decidedly more stylish, plan ahead and book a table at Port Phillip Estate Winery’s award winning restaurant (portphillipestate.com.au). Great Ocean Road: go west (south west) and head for the Great Ocean Road – best avoided over the peak New Year period, unless you’re heading for the Falls music and arts festival (fallsfestival.com.au). Be sure to grab one of the Surf Coast’s best burgers at Bottle of Milk on Lorne’s main street. Australian Open: you’ll have just enough time to watch the Australian Open grand slam tennis tournament before term 1 starts back in January, with ground passes available from $19.00 (australianopen.com) 17-30 January 2011. Fed Square Live: soak up the sun and enjoy the free concerts at Fed Square, fortnightly each Thursday over summer (fedsquare.com.au). Better still, enjoy the weekend barbecue next door on the banks of the Yarra at Riverland. Until April 2011.

he Tour t n Ocea Great d! Roa

Tell us what you’ll be doing over summer... We’d like to hear what you have planned over summer. Go to the SRC Facebook page and post on our wall your hot tip for making the most of the summer holidays. http://www.facebook.com/ group.php?gid=83677273659 For more information on what’s on in Melbourne visit thatsmelbourne.com.au


End of Term Party! !

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FOUND! - IN THE MBS TIME CAPSULE

The FIVE Johns that started it all

Syndicate group work - not much has changed!

John Rose (and former Dean of MBS)

John Dahlsen

Professor Amanda Sinclair

John Gough

John Elliott

Circa 1989 Will Bailey, CEO, ANZ

Prof. David Penington, ViceChancellor, the University of Melbourne

Prof. John Rose

Jack Smith (not quite a John but close enough!)


SRC INTERNATIONAL FOOD FESTIVAL


ASSOCIATE PROFESSOR ANDREW JOHN You know him from Managerial Economics and EPP - Find out more! What did you want to be when you were a child and What was the last movie you how did you end up in your field now? saw? Rating out of 10? When I was heading into my last two years of high school there was a gap in my timetable and I needed to choose one more subject. I think the choice was between biology and economics. More or less randomly, I chose economics. Then, when I was applying to university, I had no idea what I wanted to study: I was literally contemplating everything from French literature to physics. Economics seemed like a compromise subject, somewhere between the arts and the sciences, so that’s what I chose. As I was finishing up at university I had no particular idea what to do next; one of my professors suggested I should go and do a PhD. That seemed like as good an ideas as any, so that’s what I did.

I seem to watch a disproportionate number of movies on airplanes these days. The last one I saw was The Kids Are All Right, while on a flight to Perth. I like to think that I grade carefully, so I’ll give it a 7.8. What are you reading right now? Rating so far out of 10? Oh, now I get to sound pretentious. I’m reading Madame Bovary, which – to my embarrassment – I have never read before. And if that’s not pretentious enough, I’m even reading the odd chapter in French. That’s unusual for me, though – most of the time I read contemporary fiction.

In short, I drifted into economics as a result of a toss of a I am not going to give Flaubert a grade. coin I made at the age of 15. What made you decide you wanted to go into We recently spotted you at the International Food Festival at MBS -What is your favourite cuisine ? teaching (business students in particular!) I don’t think you’ve been listening! I didn’t decide to go Very hard to pick. I used to live in France, and the food into teaching -- it was just the natural next place to drift (the bread! the cheese!) was definitely one of the attractions of living there. But, for personal reasons, I once I had a PhD. also have a lot of attachment to Thailand and Thai food. To begin with I taught in U.S. universities, and was not Last time I was in Thailand I was served an ant and ant particularly focused on teaching business students. I was larva soup. I ‘m not going to claim it as my favourite dish, mainly teaching undergraduates, some of whom were but it was surprisingly good. I take that as evidence for economics or business majors, but many of whom my belief that anything tastes good if it is cooked in weren’t. Then, about ten years into my teaching career, I coconut milk. had the opportunity to join INSEAD, and so I started teaching MBA students and executives. MBA teaching is One of my favourite French dishes is cassoulet, which is much harder than typical undergraduate teaching, but it hard to beat on a winter evening. And my favourite Thai is also much more fun, because of how engaged the dish is probably – when it is done well – sticky rice with students are and because of the experience they bring to mango and coconut milk, which is a surprisingly subtle mix of flavours and textures. the classroom. Tell us about one of your more memorable What are some things that most people are experiences from when you were a undergraduate. surprised to learn about you? I feel as if I ought to answer this with some story of an inspiring professor. But I was an undergraduate in Dublin, Ireland, and so a lot of my memories seem to be of drinking Guinness in the local pubs. That doesn’t sound so good, though. How about this? I remember one winter there was – unusually – a very deep snowfall, and that night there was an eclipse of the moon. So I remember being out on the university rugby field, almost up to my waist in snow, spotting the eclipse as the clouds cleared. And I don’t think I had consumed any Guinness at all that night.

You mean, other than the fact that I once rode in a taxi with Ben Bernanke? I have no idea. Here are a few pieces of random trivia about me. I lived in Zambia for a year as a child. I knew Father Ted. I play the guitar. My daughter is a tsunami survivor. I support Wolverhampton Wanderers in the English Premier League. I obtained a diploma in Anglo-Irish literature in between my undergraduate and graduate studies. I’m trying, not very successfully, to learn Thai. I’ve been to about 45 countries but have never set foot in Central or South America.

How about one of your more memorable And what are your plans for the summer break/ your next holiday? experiences as an academic. I shared a taxi with Ben Bernanke once. Does that One of my brothers is coming with his wife to spend Christmas with us. So I have to figure out how to do count? Christmas in Australia. I believe it involves throwing mince What or who inspires you/gets you up in the pies on the barbie, but I may have that wrong. mornings? Coffee.


Designed and Compiled by John Leung


INTRODUCING THE MBS GLOBETROTTERS!

Halong Bay

JULIA NA & We are travelling to South East Asia (Cambodia, Thailand and Vietnam) DIEGO Where will you be visiting over the holidays?

Which are some of the more interesting sights you are looking forward to seeing the most?

The one that I’m more interested is Angkor Wat in Cambodia, I’ve seen amazing photos from friends that have visited this place. Another place that I’m really looking forward too is Halong Bay in Vietnam.

Angkor Wat

Where will you be for New Years and how will you be celebrating the New Year? We will be in Vietnam specifically in Nha Trang. Apparently this place has some of the most beautiful beaches in Vietnam. We thought it will be nice to spend the last days of the year relaxing in the beach and getting prepared for the challenges of next year.

Nha Trang

Do you have anything else interesting planned for while you are away? We are probably going to India for a friend’s wedding (Rahul Tyagi, Jan 2010 intake). He is getting married in his home town, Dehradun, about 8 hours in train north of Delhi.

ER Where will you be visiting over the summer holidays? D A N I I'll be meeting up with some of the other MBS guys on exchange in K A NYC then we'll travel onto Orlando, Las Vegas and San  Francisco.  SIAN Then I'm off to Asia to meet up with my family and we'll be visiting Hong Kong, Macao and China (Fuzhou, Xiamen & Shanghai).

Empire State Building

Which are some of the sights will you be visiting? Of the places I am visiting: • Wall Street (NYC): I'm looking forward to meeting and taking a photo with the charging bull. • Empire State Building (NYC): I'm into architecture and this is one of my favourite buildings.

Charging Bull

• Victoria Harbour (Hong Kong): It has to be one of the most impressive skylines a city can offer.

Victoria Harbour

Where will you be for New Years and what will you be doing? I'll be spending New Years in NYC with my MBS friends.  We haven't quite finalised our plans for New Years yet.   Time Square is one option we are considering but we might decide to spent it indoor at a night club. Do you have anything else interesting planned while you are there? The only other interesting plan worth mentioning is my younger brother's engagement.  That's actually the reason why my family and I are visiting China.


RAJ R SHETGA

Where will you be visiting over the summer holidays? I will be visiting the USA-West Coast, Canada-West Coast, London and Sweden. Which are some of the more interesting sights you are looking forward to seeing the most?

Whistler Mountain Ranges

In the US, I’m looking forward to visiting Disneyland and Hollywood. When I go to Canada, I’ll be spending alot of time in Vancouver and I’m looking forward to skiing at Whistler Mountain Ranges. I’m also looking forward to seeing the Big Ben when in London. I’ll be working while in Sweden and will be test driving cars of the future at Arjeplog Test  Center and will try to catch a glimpse of the Northern Lights. Where will you be for New Years Eve? I will be in Vancouver for New Years and I am going on a night cruise with my girlfriend and few friends. And are you planning any interesting activities while away? I really looking forward for a white snowy Christmas !!!

V E E J RA RA T A B

Arjeplog Test Center, Swedish Lapland

Where will you be visiting over the summer holidays? Goa…

I will be in India during holidays and in Goa during New Year’s eve What sights will you be visiting? Goa is all about beaches.. so I will be visiting beaches in Goa. How is New Years Eve usually celebrated in Goa? Goa is full of life during New Years Eve with music, dance, food and drinks. People party hard till late hours of the night and then spend some cozy time at its exotic beaches Do you have anything else interesting planned while you are there? Hoping to see other MBS folks there who are also travelling to India during holidays and planning to be in Goa during new year!

Goa…

...and Goa!


Where will you be visiting over the summer holidays? We’re taking two trips over Summer holidays, first to New Zealand, then to Singapore, Malaysia, Hong Kong, Macau, and Taiwan (to visit a close friend).

MAT T SCH WAN TES Hong Kong

Which sights are you looking forward to visiting the most? Taipei 101, which used to be the tallest building in the world and definitely still is the coolest looking. Also, Hong Kong, never been before but Victoria Harbour looks really amazing in photos. Where will you be for New Years and what will you be doing?

!

Taipei, Taiwan

Back in Melbourne, most likely. We’re back from NZ on the 30th… we’ll find something interesting to do on the day. Anything else interesting planned while away at any of these places? Wish I did. Meeting up with my parents in New Zealand, not sure if that counts. Likely to catch up with a number of the MBS Singaporean contingent while in their country.

MBS

COMPETITION

Most Artistic Mo

Best Mo

Mick Horrigan

Jeff Darlington

Biggest Mo Gal Caspi

Saddest Mo Uke Warmann


The 2011

Melbourne University Entrepreneurs Challenge

Think you have what it takes to be an Entrepreneur? *VTLĂ&#x201E;UKV\[ Term 1, 2011


NET IMPACT The Energy it Takes to Listen: EDF Climate Corps fellow finds savings at Cisco by Opening his Ears By Jeff Cheek Jeff Cheek, 2nd year student at MBS, spent his summer internship as a "Climate Corps Fellow," a program run by the Environmental Defense Fund in which they place MBA students at Fortune 500 Companies in the U.S. to evaluate and recommend energy efficiency projects. To date, Climate Corps Fellows have identified projects that can save  $439 million  in net operational costs over the project lifetimes. ----------------------------------------------------------------------------------------------------------------------------------------------------The conference room on Cisco System’s San Jose campus had nearly reached capacity, with 700+ interns listening intently to CEO John Chambers. For 45 minutes, Chambers offered up one piece of wisdom after another. “The hardest part about communicating…” he paused for added emphasis, “is listening.” A simple statement, but incredibly pertinent to my summer work as an EDF Climate Corps fellow at Cisco Systems. Back in May, when half of the 51 Climate Corps fellows gathered at EDF’s San Francisco office (the other half congregating in New York) to participate in a crash course on energy efficiency best practices, I quickly discovered that almost no one had a background in energy efficiency. I met bankers, marketing managers, engineers and sales people, but no energy efficiency consultants. So then what makes an MBA student a good fit if he/she has no prior experience? With Climate Corps’ success to date, EDF is proving that energy efficiency is not rocket science. When equipped with a simple toolkit, a passion for the environment and a good set of ears, MBA students with little to no experience in energy efficiency can deliver big results. Since Cisco had previously hosted two EDF Climate Corps fellows,  my task  was not to identify savings but to strategically address a way to harness more energy efficiency gains with less effort. By listening to Cisco employees, I learned that internal champions at Cisco are driving efficiency solutions on their own, but there is no standard process for communicating these best practices across the whole company. With this in mind I: 1.  Built a financial model  designed to standardize financial analysis and project selection metrics, as well as provide a single location for project data to be stored, tracked, and compared (eventually to be brought online and updated in real time). 2. Prepared case studies to be distributed internationally to gauge best practice implementation rates  3. Designed a strategy for all tools to be merged onto a network to drive process automation and deliver improved functionality. A key takeaway from the many interviews I conducted – Cisco employees are naturally driven and competitive and are delivering effective efficiency solutions on their own. Harnessing their collective creativity will produce dramatic results when best practices are shared throughout Cisco’s global locations, it’s just a matter of communicating them across the organization in an efficient manner. Coming to this conclusion did not require a experience in the energy efficiency industry, just a good set of ears and the time of helpful Cisco employees. 


MBS CONSULTING CLUB Ukari Warmann & Swarup Joshi

The Consulting Club has had a very busy Term 3! We have had events organised with BCG, Bain & Company, Booz & Company, AT Kearney, Deloitte Consulting, E&Y and Partners in Performance. These have been a mix of networking events, structured case workshops as well as the E&Y Case Competition. Based on the fantastic student response, it’s fair to say that it’s been well worth the effort – so a big thank you to the firms and students for making the events successful. Other events have included ‘Art of Dressing for Business’ and the ‘Movie Night in the Courtyard’ towards the end of term to end on a strong note. February 2011 will be a very busy time for those interested in consulting careers and we’ll be in touch regarding firm presence at MBS. The Consulting Club will be organising case practice during over the vacation period to help students prepare for their case interviews. So, good luck for your exams, have a great holiday and get prepared for a busy Term 1, 2011!  

PHOTOGRAPHY CLUB

1st Place! Arpana Philip

Manuel De La Rosa

We conducted the beginners workshop in the 2nd half of this term where we also announced the winners of our photo competition. For the next term, we hope to work closely with Peter Casamento in providing individual mentorship programs for interested students.

2nd Place Flora Ping


SPORTS CLUB Angie Born

Crowning the MBS tennis champions The first MBS tennis tournament was blessed with sunny weather and lovely people.  The small number of participants allowed everyone to get a lot of playing time. The two finalists Elena and Augustin (Sept 2010 intake) decided to share the trophy, easy to do since they share a house, too. 

ASEAN & CHINAMASTERS


MBS MARKETING ASSOCIATION Kenneth Rodrigues

This term saw a lot of activity from the association. In total, we had 7 events over the course of the term, which were a mix of guest speakers, faculty research sharing and a case workshop. The events organized were as follows:

 The highly popular Brand Manager @Work speaker series continued this term with 2 sessions, one at the start of the term, and one towards the end. We had brand and product managers from BP, GSK, I&J and Honeywell to share what it means to work as a brand/product manager.  Kookai breakfast event, our main event of the term. This event was attended by nearly 80 people, a mix of students, alumni and even from the public who had no affiliation to the school! Robert Cromb, the founder and Managing Director of Kookai gave a very personal and engaging presentation on his experience. He candidly shared his successes, his failures and his thoughts on the importance of marketing in business.  Joint event with Net Impact on "The Green Shopper". This event, presented by Prof. Jill Klein and Ross Wyatt from Net Balance addressed issues green and ethical consumers and how to get consumers to be more ‘green’ with their retailing habits.  Joint event with the Consulting Club for "The Art of Dressing Event". Image professionals were invited to advise students on dressing up, something that some of us students have neglected since stepping out of the workforce.  Marketing Faculty Speaker Series, with Prof. Don O'Suillvan. Don shared his research during this lunch time event, talking about the very important topic of marketing metrics and "How to get the CEO to care about Marketing".  Case Study Workshop hosted by Elmwood, specifically in relation to "Brand Simplicity". Jonathon Cartwright, Managing Director of Marketing Consulting agency Elmwood led a very insightful session on marketing case type interviews. The 3 best presenters were invited to visit Elmwood for a day.

In all, this was a very successful, albeit busy, term for the organizing committee. Special thanks to the committee for their time and effort in making the association one of the most active clubs in MBS; Mamta Gupta, Nadira Hashim, Bryan Leong, Bonze Cheng, Jef Van Acoleyen and Kenn Rodrigues.


INCULT Festival of Lights! Namrata Sonawane

Diwali is a festival of lights symbolizing the victory of righteousness over wrong and the lifting of spiritual darkness. It celebrates the victory of good over evil - and the glory of light. This festival commemorates Lord Rama's return to his kingdom Ayodhya after completing an exile of 14-years. Of all the festivals celebrated in India, Diwali is one of the most glamorous and important. Enthusiastically enjoyed by people of every religion, its magical and radiant touch creates an atmosphere of joy and festivity. We (Incult) tried to create a similar atmosphere at MBS. Diwali is a time for fun and revelry. People decorate their homes, distribute sweets and light thousands of small oil lamps. The light emanating from small oil lamps makes the whole atmosphere of Diwali a very warm experience. Performing pooja and wearing new traditional clothes are an integral part of the Diwali rituals. Exchanging gifts amongst near ones, bursting fireworks and playing cards with friends and family are all a part of the Diwali fun.

explaining the significance of Diwali, the victory of good over the evil. Rangoli and Firecrackers are an integral part of Diwali. It is an age old belief that Goddess Lakshmi visits well decorated homes during Diwali to offer her blessings in the form of good will and prosperity. At MBS, everyone enthusiastically participated in these activities by drawing Rangoli and lighting fireworks. This was a new experience for most people and thus, enjoyed it thoroughly. The most awaited part of the whole celebration was mouth watering Indian delicacies. People enjoyed the traditional Indian sweets as it was a novelty for them.

An interesting customs which characterizes Diwali is gambling with a pack of cards. A small introduction was given, apprising people to play “Teen Pati” (Indian version of Poker). Tables w e re a r r a n g e d a n d t h e d e a l e r distributed cards to players and At MBS we celebrated Diwali supervised the game. Candies were on 04th November this year. used as bet and people enjoyed the As the target audience was game of “Teen Patti” with a lot fun. not only Indian, one of our InCult created the atmosphere of an objectives was to apprise Indian festival at this event giving a people about the significance of Diwali. small glimpse of the Indian culture to its We started the celebration with global audience.


MBS FINANCE CLUB

You can join us at Linked-In and Facebook ’MBS Finance Club’.

Ivy Saludes, FT MBA 2011 MBS Finance Club President

 

Please watch out for our Annual Stock Picking Competition commencing on

I am very thankful to everyone who participated in our first Investment Banking and Funds Management Panel Discussion.  Our guest February 2011. speakers (from Left to Right) were Hardeep Hunjan from JF Capital Partners, Shaun Moriarty from Macquarie Bank, Ross Ackland from To  become  a  member  of  the  Club   AXA Asia Pacific, and Neil Brown from Minerva Capital Advisors.  and  receive  future  announcements,   Moderating the event was daunting and humbling at the same time. please  send  an  email  to   Our club members' knowledge of the industry varies from taking a financeclub@mbs.edu   Core Finance class (usually Sam Wylie's) to having some prior work experience in a particular sector.   For this reason, I asked questions Contact  detail: that satisfy both camps to illustrate a meaningful and balanced discussion.  My goal was to make the event relevant and as much as MBS  Finance  Club   possible helpful to over 65 student professionals who attended. financeclub@mbs.edu     The Finance Club did not exist prior to our time.  We took the initiative to create the club and organize students with the same interest.   Our The vision is to make it the proper venue for reaching out to industry Finance Club organized a experts and gather learnings and intuition in the process.  It is with recent round table event to discuss great pleasure to work with our new leaders (Patrick Chu, Dinal the differences between investment fund Dalal, Manuel De La Rosa, and Ayush Trivedi) in making this management and investment banking. vision a reality.

 

Speakers were invited to share their background, experience and how things work in those respective fields. The event provided an opportunity for me to gain a unique insight into these 2 distinctly different careers, and was definitely very helpful to me in framing my interests and what I would eventually be focused on moving forward in my MBA journey.  Kudos to the Finance Club!  - Erwin Widjaja MBA FT 2012


Manuel De La Rosa,FT MBA 2012 MBS Finance Club Officer

I was involved in planning the event and feeling nervous is inevitable. I always wonder whether things will go well, if expectations will be met, and if people will show up. Fortunately, participants were engaged and the responses given by the panelists created a very interesting afternoon. I learned the following key takeaways from the discussion: •

Investment banking and funds management as an industry as a whole is not in the business of number crunching; it is a business of managing relationships. At the end, you are playing with other people’s money.

Do not be afraid to make a mistake; sometimes the bold decision is the right one.

When you make a mistake, it is better to come clean as soon as possible rather than hiding it as this will only create a bigger problem in the future.

Be ready to work until late hours if that is what is required to get the job done.

Moreover, my favorite: You do not admire the good investment bankers. There are plenty of them; you admire the good investment bankers that do not stay in the office until 3 am every day. The Investments Panel session arranged by the MBS Finance Club was a great opportunity to get some valuable feedback on a range of issues for those wanting to build a career in the Finance industry post MBA. I particularly appreciated the discussion from the panel around the skills required for those wanting to enter the industry. The panel agreed fundamental technical skills for roles post MBA included; knowing your way around financial statements, financial modelling and the ability to interpret the numbers –typically the skills you learn in MBA Finance subjects. I was also interested to hear the tips from Neil Brown, Co-founder and Principal of Minerva Capital Advisors whom emphasised how persistence, determination, and hard work are critical to a successful career in the industry. I found this to be a very informative and interesting session. Thank you to the panel members for their time and insightful discussion and to the Finance Club for arranging this event. – Michael Rieusset MBA PT 2011


OUTDOORS CLUB Abhinav Garg & Mulyadi Wibowo

This term we have organized two events, the first one was the "supposedly Dandenong Hike" in cooperation with the Hike4Hunger organization. The hike was eventually changed to a city hike due to bad weather however it was still enjoyable nevertheless.  Another one was the Grampian trip last week. There were 12 people who joined this trip from many different nationalities and backgrounds. We all got along very well and truly enjoyed the trip very much. We had a barbecue, saw the kangoroos in the wild and had a 3 hour hike to the Pinnacle. We spent the day visiting various spots around the Grampians national park such as Mckenzie Falls. The highlight of our trip was a morning hike up to the Pinnacle, which is a great look-out spot over the entire national park. We also visited the Aboriginal Cultural Centre which is a beautifully designed building featuring the story of the local Koorie tribe. All in all it was a very fantastic and enjoyable trip and we hope to organize more such trips next term.



SouRCe Term 3 2010 Issue 2