Puffery is tempting. But keep it real, concludes a study which found that honesty is indeed the best policy for MBA students during their job search, according to a Businessweek story.
Professors at London Business School and the University of North Carolina – Chapel Hill’s Kenan Flagler Business School followed 146 MBA students over their two-year B-school careers and shortly thereafter. Considered in the study were feedback from admissions staff who’d interviewed the MBA students before they matriculated, final grade point averages and student surveys from summer internships and the four months following graduation regarding how they perceived themselves. Questions included: “I like to be myself rather than trying to act like someone I’m not,” and “It’s important for an employer to see me as I see myself, even if it means bringing people to recognize my limitations.” The magazine reported:
Those who were forthcoming about their self-image had a high level of job satisfaction, a strong commitment to their jobs, and high ratings from their supervisors. … In addition, the authors found that business school admissions officers can do a better job predicting future academic performance of applicants who are more forthright about how they view their strengths and weaknesses.
Over-promoting one’s self can lead to landing a position for which you are under-qualified, as well making your colleagues hate you, the researchers found.
Opinion: Revolt over executive pay will quiet once media shuts up. [DealBook]
Obama has had trouble attracting the level of support from Wall Street donors that he enjoyed in his first presidential campaign. [NY Times Magazine]
UBS’s Q1 profit dropped 54 percent and the firm's M&A bankers should be afraid because today’s results give Andrea Orcel a license to clean them out. [eFinancialCareers.uk]
William Lee, who ran JPMorgan Chase’s equity derivatives business in Asia, plans to start a hedge fund focused on the region. [Bloomberg]
Goldman is looking to improve its social media image to cope with negative press. [Financial Times]
Artio Global Investors clients have pulled out assets and its two signature mutual funds have delivered poor returns over the past year. [WSJ]
Are the days of the small broker-dealer numbered? [Investment News]
Opposition to an SEC plan to tighten regulations on money-market funds is intensifying. [Dow Jones]