Dheeraj Pandey

Investment Banking as a career and key transitions

Vedika discusses her perspectives on Investment Banking as a career and how B-School students should think about the option. On a related note, she talks about the wrong reasons for which people often end up joining Banking. She also lays out the key inflection points in the journey.

Tradeoffs by stage - post B-school, mid life, end career

Stew speaks about how the nature of the issues people grapple with varies depending on the stage of their journey. He specifically speaks about 3 points of people. 1) Point of graduation from Business School 2) Mid-life (about 15 odd years after graduation) 3) Retirement. For a longer piece around Navigating Mid-life, please see [bit.ly/NavigatingMidLife](http://bit.ly/NavigatingMidLife)  

Joining OGQ – Role of serendipity

Viren shares his insights around how he joined OGQ after ISB. When I graduated from IIMA, a lot of us including me, didn’t have a clear framework to make a considered choice in terms of direction. Viren talks about the role of serendipity in how he ended up joining OGQ. He actually talks about how he almost ended up joining a corporate role before he joined OGQ. He also talks about how he has “taken the plunge” at crucial junctures in his life.

Playing the 1st half of career to win the 2nd half

Mouli discusses that a lot of the wins in the first half of the career are often on the back of low hanging fruit but the wins in the second half are often harder. He mentions that apart from solving for successes in the first half, we should all build the muscle and resilience to be able to go after the complex win or the high hanging fruit. And that sometimes might require us to go slow and learn than run fast and miss out on building this muscle.

Winning the Second half of career

Mouli talks about how people need to consider evolving the metrics with which they measure their success as they move towards the second half of their career. He strongly advocates the notion of helping others succeed as a means of driving your own success.

Career planning 2.0 for graduates

In this rapidly changing world, Ravi has three main nuggets of wisdom for graduates who are thinking about their careers and professional life ahead. How has the view of a ‘career’ changed over time and what is the best way to think about it today? What qualities should one spend time cultivating and nurturing? Hear on.

Educating ourselves (and link with leadership of the future)

We are growing into a future where there are several unkown unknowns. Pramath talks about what sort of leaders would flourish in the new paradigm and how one should think about education in the context of this broad trend.

Navigating the sea of career options

"What should I do with my life" is often a question that we grapple with at different inflection points in our life. Vinita talks about the various dimensions along which she evaluates opportunities that have come her way at different points in her journey.

Building optionality during early career

Dheeraj talks about the distinction between process and substance in the context of making career choices. He also talks about how he built optionality at various points in his early career.

Early career choices - Medical Rep/Painting/Advertising

KV Sridhar (Pops) talks about how he thought about an early fork in the road where he had to choose between disparate options in front of him. One was to become a Medical Representative which was highly lucrative in those days, Second was to become a Drawing teacher and the third was to pursue art in the world of advertising. He discusses how he walked the tightrope where the mind and heart were pulling him in different directions.

Taking stock of life after Bazee sale

When Avnish started Baazee, his financial goal was to make USD 2 Million. When he sold Baazee to Ebay for USD 55 Million, he had made close to 10x of his estimate. He talks about how he took stock of life and moved forward from that point.

Gig economy and careers

Ravi has had two long stints in Cummins and then Microsoft, after which he switched to a portfolio of opportunities. He talks about evaluating this deep root vs. wide branches approach to structuring your career. He also has important tips for organizations looking to attract good performers. Tune in!

Career Planning 2.0

  Thinking about a career has moved away from a linear notion – educate, work, retire. Also the idea of working in one company for the rest of your life has become obsolete. So how should one think about their career in this digital age? How can people stay relevant? Abhijit believes that skills will become obsolete quicker and gives tips about how to navigate their careers.

Marrying passion with pragmatism

Follow your passion is bad advice says Cal Newport in his book 'So good they cannot ignore you'. How does one think about options and decisions when passion and pragmatism point in different directions. Atul talks about how one could look at adjacencies and be pragmatic about a career decision by looking at supply-demand trends in an industry that one is trying to enter.

Transitioning roles in a large MNC

Navigating your career in a large, complex MNC can often be challenging and confusing. Vinita talks about how she navigated her career across different roles in Cadbury's and the Coca Cola company.

Careers - Paradox of choice

In a world exploding with choice, Barry Schwartz argues that consumers are often worse off due to the complexity in decision making and Fear of Missing Out. Rama talks about how one should navigate the world under such circumstances.

Navigating your career

Anu talks about her moment of epiphany during an interview with a McKinsey partner that really pushed her to reflect on what she enjoyed and what she didn’t. She talks about how she has tried to get to the bottom of what gives her energy.

Rejecting 3 jobs and painting in Goa

KV Sridhar (Pops) talks about how came to Mumbai to pursue commercial opportunities and cast his net beyond Hyderabad – where he grew up. He also talks about the fact that very quickly he got himself three offers (on the creative and commercial side) but decided to go to Goa to learn and reboot. He talks about how he led the life of a vagabond for a few months and how he landed the next role at Ulka.

Transitioning from Banking to PE

Amit talks about how he thought about the transition from the world of Investment Banking to Private Equity. He talks about taking stock of life after reaching the heights of the Investment Banking profession and also seeking more time to devote to some of the other elements in his life such as Social Impact.

Raising the game when it matters

Mouli talks about the concept of Learning Cycles and how it is critical for people to focus on completing large learning cycles to build significant distinctive capability. He also makes the distinction between major and minor learning cycles and talks about how effective leaders often kick their game up a notch when it comes to a major learning cycle. The concept of learning cycle is also relevant when we think about processing opportunities that come along in our journey.

Picking mentors thoughtfully

Mouli underscores the criticality of having sound mentors in todays world where there are more forks in the road and several choices to be made for all of us. Mouli also talks about his framework for how we all should think about selecting the mentors that guide us. He talks about how Mentors should have seen some parts of the “movie” that you haven’t and should be completely vested in your success with no conflict of interest.

Decoupling quitting & joining decisions

Mouli talks about how people often mix up the two decisions and how they can end up over-appreciating what is right in the new context and what is wrong in the current situation. He brings it back to the point that careers are driven by capability and not by role/title. He urges us to think hard about the learning opportunity in the current environment and carefully evaluate the pros and cons of the current and the new opportunity before taking a decision.

Choosing career direction post CRISIL

Roopa talks about how she took stock of options after her successful run in CRISIL. She talks about the process she went through to first eliminate what options may not make sense for her before she ended up choosing to join Omidyar Network. She talks about having informal discussions with ~45 people over a 9 month period to get directional clarity on what might make sense for her.

Committing to a career in Music

Jayashri talks about her chance meeting with Shri Lalgudi Jayaraman and how that changed everything for her. She discusses the faith that he had in her when he asked her to learn music under his guidance and how that instilled a sense of responsibility for her to stay committed to the path.

Making Directional Choices

Jayashri talks about how she made choices along the way, more specifically, the choice between going deep into Carnatic music versus collaborating with different art forms. She also speaks about how she has learnt from collaborating with other artists and how that has improved her core art form – Carnatic Music

Strategy and Careers

Tarun talks about developments in the field of Strategy and maps that to how individuals should think about their careers. He acknowledges the influence of Prof. Ben Jones (of Northwestern University) in shaping his thinking here. He talks about the fact that the world of knowledge is growing exponentially and we will know less and less (as a percentage) of what is to be known. He discusses how people should think about specialization and collaboration in this context and shares his perspective on the mind-set with which we should march into the future that can feel overwhelming.

Key career choices

Dr. Guha speaks about some of the key choices he made at various forks in the road that presented themselves in front of him. He specifically talks about the crucial role of his father and his wife in giving him the flexibility to pursue his calling without getting him to “play safe” or to seek commercially lucrative options at the expense of pursuing things that energized him.

Flex the current context or reboot

Stew speaks about how we should try and stretch the boundaries of our current context before we start thinking about drastic solutions including changing jobs. He speaks about the notion of the Theory of small wins that underpins that Total Leadership approach and also refers to the work of Herminia Ibarra – Author of the book Working Identity.

Taking the entrepreneurial plunge

Falguni speaks about the phase of life when she decided to become and entrepreneur after 25+ years post IIMA and after a successful run at Kotak. She also speaks about other businesses she considered (Professionalizing Nursing Homes, Creating a Market for second homes to name a couple) before proceeding with building out Nykaa. 

Key choices that stand out

Rajat speaks about some of the choices he is proud to have made in his journey. He also reflects on choices that he wonders if he could have made differently, especially while transitioning into the next phase of his life after McKinsey.

When a promotion may not make sense

Michael speaks about how leaders could end up making a mistake by following the “default momentum” in their corporate journeys. He says that it is surprisingly easy to make yourself unhappy by the choices you make at senior levels. He talks about the need to pause and take stock of the opportunity even if it means that it is the natural rite of passage to the top of the organization.

Acting your way to new thinking

Herminia speaks about the criticality of not over-thinking around transitions and urges us to take actions which gives us new “material” for us to reflect on and move forward. She specifically urges us to craft experiments (try new activities and roles), shifting connections (find doors into new worlds) and making sense to rework our story.

Portfolio approach versus Full-time role

Herminia speaks about how leaders should think about choosing between a full time role and a portfolio where they take on a set of initiatives. She goes on to speak about the criticality of having an anchor around which we could build our identity which often happens by default when we work in a corporate context.

Operational, Personal and Strategic networks

Herminia speaks about the different networks that we need to bring to bear especially when we are in transition. She speaks about personal, operational and strategic networks and goes on to say that the first two often evolve by default but one needs to be deliberate about the third. She also speaks about how leaders need to think about acting like a bridge rather than as a hub where everything converges into the leader.

The perils of foreclosure

Herminia speaks about two dimensions – commitment and exploration – when leaders go through a transition. She speaks about how there is a tendency for leaders to commit to something too early and how that could lead to a suboptimal solution because they haven’t considered enough possibilities before they make a decision.

Role of the spouse

Herminia speaks about the role of the spouse in transitions and the criticality of aligning the transition strategy with them. Very often, implicitly they assume that you would plan your way and dive into an opportunity shortly after. They are often not mentally prepared to deal with the phase of exploration and experimentation that is often required before you make a choice of direction. She speaks about the importance of staying close to them and keeping them updated on the thinking process during a transition.

Committing to sports as a career

Getting into professional sport can be a “low odds” decision often. If one doesn’t have the financial buffer, it is often tempting to go towards the safer option to pursue education and get a job. Viren talks candidly about how he comes from a family with no prior sports background and how he navigated some of these questions during the points of inflection when he had to take a call.

Goldman Sachs versus McKinsey

High performing B School students often get courted by the top jobs in the market and often several people having to choose between Banking and Consulting. Avnish talks about how he made the decision to join Goldman Sachs after interning at McKinsey.

IIMB, Wharton & path to Venture Investing

In a world with an exponential increase in career paths and complexity around opportunity, it can be unnerving to make key decisions around Stay in India Vs Go overseas, specialize in a field Vs Get a degree in Management etc. The multiplicity of options also makes career decisions complex when people graduate from the best of the programmes. Karthik talks about how he thought about going to Wharton after IIMB and his choice to do I Banking, Corporate Development etc till he got into Venture Investing.

Joining an Indian I-Bank after a US MBA

Amit talks about how he thought about pursuing an MBA in the US. He also goes on to talk about the considerations he had when he decided to come back to India immediately after his MBA. He also talks about how he thought about Banking as a career option picked Investment Banking as a career path (as against Trading despite his strengths in quant related topics)

Harsh realities of Writing

For every famous sportsperson, there are hundreds who didn’t make it big. For every published author, there are hundreds who met rejection after rejection. How does one deal with being in a profession where a few “winners take it all”? Hear Amish talk about the reality of being an author and how his initial rejections made him go against the grain and market his books innovatively.

What does it take to be an Author

In this nugget, Amish elaborates on the one important question you should ask yourself before transitioning to a new profession. For eight years before he switched to becoming a full time author, Amish focused on only three things- his job, his writing and his family. What drove this level of discipline and commitment? Hear on.

Armed Forces as a career option

Capt. Raghu Raman, shares his perspectives on a career in the armed forces. Listen to the three main reasons he gives you as to why the army can prepare you to tackle the battlefield of business and life!

Stand-Up: Unknown Unknowns

Think you need to know all about a career before you dive right in? Not necessarily! Papa CJ talks about how the world of stand up was a blank slate for him and all he had was his excitement and eagerness to pursue it. Sometimes all it needs is the drive and the resilience. Hint: Look out for what makes stand-up comedy the one profession where ‘failure is the only way to succeed’ according to Papa CJ.

Lessons from a journey in Stand-Up

In this fast paced, interconnected world around us, we often have less time and space to think quietly and listen to our inner voice. In this nugget, Papa CJ shares his perspectives around preparing for success and how one needs to grow in the dark so as to play to potential.

Picking the first job after IIM

Campus placements are often a pressure cooker situation with significant sub-optimality in how students end up making career choices. Prakash discusses how one should pick the first job after campus based on some reflection on what they like doing.

Career in Consumer Goods

People often equate Consumer Goods with Sales and Marketing. Finding your first job after an MBA can be confusing with people often resorting to using compensation as the sorting factor. Prakash sheds some light on how people could think about a career in Consumer Goods

Misconceptions around Venture Investing

Avnish talks about the realities of VC investing as a profession and debunks some of the common myths around a "cushy lifestyle" that some people associate with the profession.

Academics as a career

Did you always know which profession you wanted to pursue? Our career is often shaped by an opportunity that we seize on the way. Prof. Kartik Hosanagar talks about how academia came by as a career choice while he was researching options for his postgraduate education. Named as the world’s top 40 business professors under 40, he certainly seems to have made the right choice!

Highs and Lows in Academics

Interested in the academic world? Kartik reveals some important questions you should ask yourself and elaborates on some qualities you should possess before embarking on this path. Academia, according to Kartik, is ‘entrepreneurial without the risk profile of an entrepreneur!’ In this nugget, he also discusses some professional highs and lows that face an academician.

Surprises in the Academic path

We often choose a career without having much idea of what the reality is like. Often times, people who like team work take up jobs that may require long solitary hours. In this nugget, Kartik reveals a couple of surprises that people encounter on the path to becoming an academician.

Reflections on Politics as a career

All of us have had situations where we step way out of our comfort zone. Nandan talks about his experience from contesting the elections in Bangalore and why he moved on from Politics after that experience.

Transitioning from Engineering to Photography

A lot of us "go with the flow" either because we want to conform to expectations, minimize risk or don’t listen to our inner voice. Atul talks about how he was an exceptional student in school and ended up in UDCT - one of the most prestigious places to study Chemical Engineering. He talks about the disconnect he experienced at that point and how he moved forward from there.

Venture Investing - What does it take

Karthik talks about what it takes to become a successful Venture Capital Investor. He also discusses the nuances across Angel Investing, Venture Investing and Private Equity Investing. Each of these often requires a different set of skills and strengths. People often club all these Investing roles into one large umbrella but there is a significant difference in the type of person that would enjoy and flourish in one versus the other.

Consulting (McKinsey) as a career option

Pramath talks about how he ended up joining McKinsey in Canada instead of pursuing a career in academics which he had originally intended when he completed his PhD. He also talks about how students should think about evaluating consulting as a potential career option including the common mistakes people make when they consider a career in consulting.

What Consulting doesn't prepare you for

Management Consulting often provides a whirl-wind exposure to multiple problems across industries and topics. However, one needs to significantly adapt the style while moving from a consulting environment to the Industry. Pramath talks about some of the adjustments consultants have to make when they enter the corporate world.

Consumer Goods (FMCG) as a career option

Vinita talks about how she got into a career in Consumer Goods and reflects on what elements of it have been rewarding for her. She also talks about the key questions people should ask themselves before embarking on a career in a Products company.

Law as a career choice

Zia talks about what it takes to be a successful lawyer. She also teases out the difference between traits that are good hygiene in any profession and what is specific to law. She also talks about how optionalities have changed over time for people with a law background.

Career in Market Research

Rama talks about how she ended up joining Market Research by accident after joining the Advertising world. She talks about the notion of "sliding doors" where small events along the way can have a significant impact on the overall trajectory and outcomes.

Career in Consulting versus Banking

Anu talks about the transitions she went through within Banking before she entered the world of consulting. She also talks about the questions people should ask themselves to see if a career in consulting makes sense for them.

Message to graduating women

Anu shares her perspectives on how aspiring women leaders should think about their careers. She underscores the point about the need for having the right mentors and sponsors along the way.

Committing to Chess as a career

Vishy talks about how he thought about committing to a career in Chess. He specifically talks about how he didn’t stop his education despite his meteoric rise in the Chess world. He spoke about why he still pursued his undergraduate degree in Commerce on the sides despite his successes on the Chess board on a Global stage. He also talks about the criticality of building social and emotional skills from education and the criticality of open-ness to learning as we navigate the careers of the future.

Advertising as a career option

KV Sridhar (Pops) talks about the inherent traits one should possess to flourish in the world of advertising. He talks about the notion of story-telling relating it to how children lie but get away with it because of the innocence. He also alludes to the criticality of understanding the client business, socio-cultural trends and a nuanced understanding of human behavior to flourish in the industry.

Career - getting off to a good start

Suresh talks about how serendipity got him to Hindustan Lever Limited (HLL). He speaks about initially appearing for the interview as practice for the IAS entrance but provides context on why he joined HLL eventually. He provides an interesting insight on how he thought about the trade-offs and risks at that point in time. He also speaks about how one should think about navigating their career through a large corporation during the early years where it is easy to get lost in the maze.

Politics as a career option

Jay talks about the criticality of financial independence if somebody is considering a career in politics. He also talks about some of the fundamental disconnects between the world of business and politics and how that can lead to challenges in people from the world of business settling into the world of politics.

Factors behind the rise at DSP Merrill Lynch

Amit reflects on the common misconceptions people have when they get into Banking. Amit talks about how he made the decision to join DSP Merrill Lynch despite it being the job with the lowest pay and title. He also talks about how he leveraged his style of building deep authentic relationships with clients to grow over time. He also talks about the role of early bosses and brutal developmental feedback coupled with mentorship from Hemendra Kothari which have played a key role in his growth as a Banker.

Apprenticeship - the magic sauce in Private Equity

Amit talks about what it takes to build a sustainable Private Equity business over the long term. He also talks about the criticality of apprenticeship in people growing to become effective investors. He talks about three things that investors need to get right (people bets, strategy bets and timing) and how that evolves over time. He also discusses what it takes to transition to Investing as a profession and how he evolved from Investor 1.0 to Investor 2.0 during his tenure at Bain Capital.

Overemphasizing fit in a career choice

Mouli talks about how he has made some of his early career moves based on the notion of fit. He also acknowledges that there is often an information asymmetry here and uses surrogate sources (profiles of others who have gone there and succeeded) of data as a means of determining if he would belong. He also emphasizes the criticality of focusing on learning rather than earning to drive professional growth over the long-term.

Growing through the ranks at CRISIL

Roopa talks about how she drifted into CRISIL and how she was not necessarily career oriented in the early years of her professional life. She talks about the notion of focusing on excellence and on topics that are outside the realm of responsibility and how the culture at CRISIL ensured that her efforts were noticed and rewarded. She also talks about the transformative impact that one of her overseas stints had on her in terms of developing a “bird’s eye view”.

Making early career choices

Ambi talks about how he has approached some of career choices. He specifically talks about some context behind moving to IIMC after IITM and then after graduating from IIM Calcutta, he discusses how he spent some time on the Agency side and the Client side before committing to a direction with the Agency world at FCB Ulka.

Path to becoming a Historian

Dr. Guha speaks about his journey from playing cricket for St. Stephens (along with players like Kirti Azad who played for India and was part of the 1983 World Cup winning Cricket team) to pursuing a PhD in IIM Kolkata to eventually becoming a historian. He talks about the context behind some of the choices along the way and talks about the role of chance at various inflection points.

Being a historian - what it takes

Dr. Guha shares his perspectives around some of the elements behind being an effective historian. He talks about how his early years in cricket prepared him for the grind of being a historian and refers to the criticality of an independent mind and the ability to articulate complex thoughts in everyday language. He also gives us a glimpse into the rhythm of his typical day, especially in the mornings.

Choices post IIMA

Falguni speaks about how she made some early career choices post IIMA. She speaks about how she was independent in the way she went about making decisions. She also speaks about the context in which the transition from Consulting to Banking happened when she got a call from Kotak on her childrens’ 3 year birthday.  

Jobs at risk and new avenues

Kartik speaks about the impact of AI on jobs of the future. He cautions that it is not just the menial blue collar type of jobs that are at risk but a wider array of jobs where machines could replace man. He goes on to talk about the implication for us and how we should think about staying relevant in the future.