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I never knew that there was a huge fight between the bankers and the consultants
Just came across this awesome video which says it all ...





Read the blog ( original source http://www.mergersandinquisitions.com/banker-vs-consultant-why-the-banker-wins-with-a-knockout-in-round-1/ )

attached with the video, will give detailed explanations to novices ;)



“What’s missing from your resume is a focus on the results… I see all your recommendations and the projects you worked on, but I don’t see what happened as a result of your work.”


-McKinsey Recruiter to Me, 3 Years Ago


Some of you have asked about consulting (as in management consulting, not IT consulting ) vs. investment banking and which is “better” to pursue.

So here’s why investment bankers dominate management consultants, and why you should do banking.

The Myth: Bankers vs. Consultants Video

On the day the infamous Leveraged Sellout video was released, I received about 10 forwards from readers and friends, so I’m guessing almost everyone has seen it by now.

But just in case you haven’t, here it is again for good measure:



Although it’s fiction, the video does a surprisingly good job of summarizing the bankers vs. consultants debate.

“Be a Burnout Banker, Teaching Math at My Prep School”

There’s a lot of burnout in both fields. My management consultant friend almost quit after he had to work 14 hours on his birthday once. True, consultants get uninterrupted weekends… sometimes… but regardless of whether you’re a banker or consultant, you’re going to work a lot.

To imagine the schedule of a consultant, just take my Week in the Life series and add traveling to Idaho at the beginning of the week and coming back at the end of the week. Also delete all references to quantitative work and replace them with finger-painting.

“Nothing but Grunt Work”

Not quite.

There’s a lot of grunt work in both industries. In banking, it’s more quantitative and no one cares about offering “strategic insight” and putting things in quadrants – they just care what the Pro Forma EPS is.

“Make a Really Significant Impact and Get Home by 7:15″

I know of no consultants who get home by 7:15. One of my friends is an IT Consultant and even he doesn’t get home by 7:15.

So far, banking and consulting might seem similar… but let’s take a look at the first part of this claim – “Make a Really Significant Impact.”

Despite what the consultant argues, bankers typically make far more of an impact than consultants. True, some transactions fall apart, but when they happen you get a new public company or a new conglomerate.

By contrast, you never know if the recommendations consultants make will be implemented.

Got results?

“Mining for Gold out in Saskatchewan”

“Business travel” sounds cool to people who haven’t traveled much before, but it’s less appealing when you’re flying to Saskatchewan every week in February. Consultants are always on the road, and while bankers do travel occasionally, it is much less of a burden.

It’s fun to live in another country for an extended period, but it’s much less fun to travel back and forth every single week.

Plus, even if you are stationed in Saskatchewan you probably won’t discover any gold.

“You Try to Add Value… I Straight Create It”

At the junior level, no banker or consultant “creates value” and they rarely even “add value.” Senior bankers who negotiate on their clients’ behalf can sometimes “add value” by getting the buyer to pay more, but even that is rare.

Both banks and consulting firms are in the business of giving advice: advice on what to do financially and what to do operationally. Companies actually “create value.”

“House in the Hamptons and a Penthouse Loft”

Even at the market peak in mid-2007, 1st Year Analysts made only $150K ($60K base + $90K bonus). While that’s a lot of money for someone fresh out of school, it’s certainly not enough for a house in the Hamptons and a penthouse loft – especially after taxes.

Bankers do make more than consultants, but it will take quite some time to turn yourself into Gordon Gekko.

“But You Still Can’t Buy Bottles with Starwood Points”

True.

Consultants make a fraction of bankers’ bonuses – firms are notoriously secretive about exact numbers, but even in good times a $10K bonus isn’t unreasonable for consultants.

You could argue that they work a lot less and therefore make about the same hourly wage, but I’m not convinced. Sure, you won’t pull consistent 100-hour weeks in consulting, but it’s a lot more than 9-5, especially when you take into account the travel.

And even if it is more per hour, good luck having enough for bottles, let alone models.

“Take This Mouse and Get Back to Making $60K a Year”

Most consultants make more than $60K, but not by much.

However, they definitely don’t know how to use Excel properly – just ask that consultant we hired after I unplugged his mouse and he almost fainted.

The Consultant Formerly Known as Banker

One year, we hired a summer intern who was pretty good as far as investment banking interns go. He didn’t do anything stupid, he always smiled, and he even bought us drinks. But he “couldn’t take the hours” and he went to consulting full-time instead, in search of that elusive “work-life balance.”

I spoke with him the other day and he said the hours were pretty bad and he was being dragged around between 3 continents on clients’ whims – in other words, it was actually worse than banking, and he was getting paid less.

Damn, It Feels Good to Be a… Consultant?!

I didn’t continue with consulting because:

I hated constant travel.
I wanted to get tangible results rather than making “strategic recommendations” to management.
Oh yeah, I couldn’t tolerate making $60K a year. Even $70K is pushing it.
That said, you may still want to consider consulting if your original plan was finance:

Consulting is diversified in different industries, so the financial chaos won’t hit it quite as hard.
No consulting firms have subprime anything on their balance sheets.
You might still sneak into PE if you get lucky. Golden Gate Capital, for example, hires most of its Associates from Bain Consulting.
Rebuttal?

If you’re a consultant who now feels angered, feel free to write in with a rebuttal and I’ll publish some of the most entertaining responses. Make sure you also enclose some of those Starwood points.

Phew!!! what a blog.... original source
http://www.mergersandinquisitions.com/banker-vs-consultant-why-the-banker-wins-with-a-knockout-in-round-1/

Maruti's new product Maruti Kizashi is going to launch soon in Auto Expo which is on Jan 5th 2010 to 12th 2010. According to sources the price of that car was decided Rs. 12,00,000.

Maruti KizashiAccording to the company official, Maruti Kizashi will be powered by the 2.4L petrol engine the company also plans to launch it also with diesel option in Indian market because from past few months the sales of diesel cars in continously increasing in comparison to petrol models. Maruti Kizashi will be packed with latest new generation safety features like airbags, cruise control system, parking sensors, ABS (Antilock Brake System) with EBD (Electronic Brakeforce Distribution) etc.

See the below specifications of that car

VEHICLE SUMMARY

Name: Kizashi
Model: 2.4 AWD
Car Body Type: Sedan
Segment: D Segment
Warranty: NA

ENGINE SPECIFICATIONS

Displacement: 2400cc, 4 Cylinder
Engine Type: Diesel
Maximum Power: 200 Bhp (Expected)
Maximum Torque: 0

DIMENSIONS 

Length: 4650 mm
Width: 1900 mm
Height: 1450 mm

OTHER SPECIFICATIONS

Seating Capacity: 5
Tyre Size: 18" Alloys
Suspension: NA
Steering: Tilt
Brakes: Front Ventilated, Rear Disk
Gears: 6 Manual
Body Color Bumpers: True
Tachometer: True
Alloys: True
ORVM Indicator: False
Xenon Headlamps: True
Trip Meter: 2
Headlamp Washer: False


COMFORT AND CONVENIENCE

AC: AC with Dual Zone Climate Control
Power Windows: True
Central Locking: Remote
Remote Boot: True
Remote Fuel Filler: True
Rear Wiper: False
Rear Defogger: True
Rear Armrest: With Cup Holder
Streeing Adjustment
(Rake/Reach): True/False
Driver Seat Adjustment: Electric
Music System: Dash Integrated MP3
Leather Seats: False
Door Mirror: Driver Side Electric
Tinted Glass: True
Rear AC Vent: True
Folding Rear Seats: True
Sun Roof: True
Buttons/Controls on Steering: True
Auto Viper: False
Auto Headlamp: False

ACTIVE AND PASSIVE SAFETY

Airbag: 8
Parking Sensors: True
Fog Lamp: True
Traction Control: True
EBD: True
ABS: True
ESP: True

I have always wondered whether I made the right choices in life. Not career wise, I am quite happy doing what I am doing ;) but thinking about it in life wise. Should I have done this or that. Some choices I made may have been horribly wrong ones to begin with . Sometimes I just feel how good it would have been  if we had ctrl+z facility in life. We could have prevented hurting the ones we really like.  The thing is that I have been too calculative, not in bad terms but like a decision tree. If I do this , this would be the probability of long term happiness something like a long term planner- Always looks beyond and forgets about the short term happiness or the possible not assured long term happiness.  The thing is unless you realize you have the power to say yes, you can never really say no. Actually you are scared to say the yes and just go ahead, just worrying about worries.

I always feel we might make the decision to give in and take the path of least resistance. If we go for immediate gratification we usually end up in unhappy conditions and we feel less fulfilled than that we had hoped for.

Every choice that we make leads us either away from our destiny or right into our destiny where we will experience life to the fullest.

If u haven’t understood anything u have read forgive me. it is just the ramblings of a confused mind.