Wednesday, February 1, 2012

Today's blog entry for Finance course: Divesh Makan, 38 year old MBA 2001 graduate from Wharton is possibly the Wealth Manager for Facebook IPO?

Date: 1st February, 2012

Title: Wharton MBA graduate is wealth manager & financial advisor for Facebook’s IPO


Summary:  Mr.Divesh Makan, 38 years old, originating from South Africa, son of Indian descent immigrants, Electrical Engineer with an MBA (2001) from Wharton School, worked as Wealth Manager in Anderson consulting, Goldman Sachs and Morgan Stanley, before starting his own company, Iconiq Capital LLC. Currently, he is in charge of wealth management of Facebook IPO.  

Interpretation: When Divesh Makan moved from Goldman Sachs to Morgan Stanley, he was given a signing bonus of $20 million. This means that MBA students who are good in Finance have a chance / opportunity to make big money and manage big funds.

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