Sunday, September 11, 2011

And so it ends...

So, it is early September. INSEAD has wrapped up, and, after 18 months on the side lines, I find myself staring at a very imminent return to the working world. Much as I am exited about a new job, new city and new life, I have to admit I am currently enduring a very extended and particularly intense dose of the Sunday night blues, lasting not just Sunday but for an entire fortnight before the real world kicks off again.

What better way to cling on to the last remnants of this amazing year and a half than to update the blog one last time. I’ve been putting off this final entry for over a month, because it seems like no written account that I can come up with could possibly do justice to such an experience. Summarizing 18 months that started with an emergency landing in El Salvador and finished with a top notch MBA and a new job on a new continent seems like a monumental task, even for someone who enjoys listening to his inner monologue as much as I do. And really, what is the point of a summary? If I ever manage to put all these scribblings into a book that I bore my grandchildren with, I hardly want to make life so easy for them that they can just skip to the summary.

So, remembering also that discretion is the better part of valour, I have decided to shirk the challenge of trying to put the whole year into one amazing, insightful and entertaining finale, and instead just try to get a few final reflections on the year down on paper, and get a few random highlights that I never managed to put in the blog along the way in as well.

INSEAD is nothing if not unique, and one of the things I’ve enjoyed most this year is a chance to do many things that I had never done before and will almost certainly not do again. Some of the new experiences were the sorts of things I never got round to doing at university, and honestly thought had passed me by. They included going on a sports tour, acting as a bartender and serving proper tapped beers, dabbling, ever so briefly in the politics of student government, and getting on stage in the INSEAD cabaret, once dressed once as a ballerina, and once not really dressed at all.

Others were things that that you just can’t do anywhere else. INSEAD parties have to top that list. We’ve all been to a house party, but an INSEAD party is like a house party on steroids. Firstly, there are the chateaus. Many students at INSEAD live in old converted chateaus. There may be twelve of them crammed into one small wing of the building, so its not quite the lifestyle of the rich and famous that the chateau name conjures, but they still make incredible venues for parties; even if most of the parties are actually in the garden or the barn or the stables. It won’t be until half my class are retired squillionaires that we’ll have so many friends living in castles again, and by then I am sure the parties will not be as good. And of course, there is the fact that you can host one of the parties on a Wednesday night, start it at 11pm, party through the night and know you will all share the same pain in class the next morning.

Just as enjoyable as the parties, for me, were some of the epic dinner parties. Some of the aforementioned chateaus have traditions whereby they host a dinner on one specific night. In particular the Monday night dinner at Le Vivier, able to draw on professional cooks from amongst the house’s residents, was always a memorable evening. Again, its an experience that you just can’t repeat when everyone lives in two bedroom shoeboxes in south west London.

INSEAD was also, for me anyway, a chance to do some things I never really considered in the past. One thing I particularly enjoyed about INSEAD is that you arrive completely unknown, unburdened by the preconceptions and expectations your friends and family at home may have of you. That is particularly useful if you have a history of expressing opinions loudly and forcefully, and don’t want to admit you may have changed some of those opinions. It gives you a chance to try things that are quite out of character, without anyone questioning why. For me, the biggest example of that was the Rugby Club.

Reading back over this blog recently, I was reminded that I once included the following words:
“being Australian, I've been unlucky enough to watch a lot of rugby, and quite frankly, it's a close call between rugby and accounting lectures”
That is actually the sort of opinion I’d been expressing for years, having found myself rather stuck in the tedious old debate that rages in Australia between soccer and rugby, and always siding with soccer. Joining a rugby club in Australia would have been quite a difficult thing for me to do, because it would have required me to admit to quite a few people that I might have been wrong about something. At INSEAD, no one had read the blog, so I was welcomed with open arms to the undefeated INSEAD Rugby Football Club when I decided to give it a go (though I fully expect to be harshly fined at any IRFC reunion if anyone reads it now). And that turned out to be the best decision I made at INSEAD. Not only did I discover a completely unexpected love of actually playing the game, I met many of the best friends I made at INSEAD, and went on two memorable tours, one to London, the other all the way Virginia, for the MBA rugby world championships. What goes on tour stays on tour, but I think I will have few prouder or fonder memories than running out on the fields of glory in Danville, Virginia, with my fellow warriors of the IRFC, and coming home with the undefeatedness of the club very much in tact.

There are too many other highlights to mention them all. Weekend trips to Budapest, Amsterdam, Burgundy and beyond, national weeks, playing word bingo in lectures, beers in the sunny courtyard, the magnificent cafeteria, finding 300 new facebook friends, road trips through Europe, a week in Provence, champagne power hours, every dinner at Bistro 9, Le Glasgow, the day Fonty was covered in a centimeter thick layer of ice, damaged cars with red number plates, music videos, breathtaking cabaret performances (by others, not me!) and, of course, so much wine and cheese. I will miss all of it. A particular standout was a weekend trip to the nearby Loire Valley. I can’t put my finger on it, but something about the sights, sounds, even tastes of that weekend will leave it in my mind forever. Probably something I will never be able to recapture, though I haven’t given up yet, it somehow marked the culmination of everything good about the year.

At the end of all these highlights, it is also time to reflect. An MBA is, after all, meant to be a learning experience, and it would be a poor investment if I didn’t give some serious thought to what lessons I have actually learned from the year.

Academically, there is no doubt a recovering lawyer cum junior consultant has plenty to learn about business where an MBA can provide a start. From deconstructing a perfume marketing campaign to assessing the role of innovation at Mercedes-Benz to discussing the future of the Euro, at one point with Paul Volcker, INSEAD has taught me plenty of new concepts in business. A good teacher makes a tremendous difference, and for me that teacher was in the finance department. Having previously never had an interest in nor an aptitude for finance, finding a professor that was able to make corporate financial policy both engaging and clear was certainly a true ‘value add’ of the program (more so than endless discussions about the meaning of ‘value add’).

INSEAD prides itself on diversity. “Why INSEAD? Because of the diversity.” It is the ironically homogenous response to the most commonly asked questions of aspiring students and other outsiders. And there is plenty of diversity. Only at INSEAD is the question ‘where are you from?’ usually met with a response of: ‘well… have you got a few minutes…’

It has taken me a year at INSEAD to figure out what the real benefit of all this diversity is. One of the first things you realize at INSEAD is that measuring diversity by passports is an incomplete measure at best. There may be 70 or more nationalities at INSEAD, but is a Bain consultant from Mexico really that different to a McKinsey consultant from Germany? They do, surely, have more in common with each other than with many people from different educational and socio-economic backgrounds in their own countries. However, and this may seem obvious in hindsight, at INSEAD I came to appreciate that each person carries several identities – they may have a professional and educational identity in common with many other MBAs, but each carries a unique family, cultural and social background as well, and to understand people, you have to try and understand all those identities.

The benefits of studying with people from such a diverse set of backgrounds has been two-fold. Firstly, it highlighted to me that there is a real challenge is communicating with people from different cultures which goes beyond language. Learning to get my meaning across to a study group that included French, Japanese, German, Nigerian and Uruguayan members without offending or confusing anyone was not straightforward, regardless of the fact they all spoke very good English. Whether I got any better at it is something I’ll leave to the judgment of others, but I certainly came to a better appreciation of the challenge. Secondly, it has been immense fun. From National Weeks on campus to holidays visiting students in their home countries, it has simply been an eye opening, enriching experience to learn so much about so many people and places in one year.

There is a tinge of sadness associated with the diversity factor right now too though. Once INSEAD finishes, the inevitable result of all that diversity is that your formerly tightly knit peer group is suddenly dispersed all over the world. While its great to think that I have a couch to stay on in every major city in the world, I also find it sad to think how many truly wonderful people I might never see again, sprinkled as they are everywhere from New York to Hong Kong to Sao Paulo to Dubai to Cape Town to Berlin and beyond.

Maybe the most important lesson I took from INSEAD came from having a chance to assess my career and life goals, and the paths most likely to lead me to those goals. Being full of ex-consultants, bankers, lawyers and other busy professionals, INSEAD has its share of students who come from so called ‘work hard, play hard’ cultures. These have been, in my experience, the same people who speak the most about wanting to find the elusive ‘work life balance’, and many, including me, came to INSEAD with the express aim of improving that balance.

INSEAD is also a place that people describe as ‘work-hard play-hard’, but it has turned out to be a very different culture to the corporate world. It is not about working hard at a job you hate all day and then trying to forget about it by consuming copious amounts of alcohol in overpriced and pretentious bars at night, as I found it to be in Sydney’s corporate world. Rather, it is about finding the energy, day in, day out, to do everything, from studying to traveling to sports to parties to job-hunting, with full commitment. Study may be work to some, but given the range of elective choices, to others it is very much play, representing a chance to develop your own business idea for the future or change your entire style of communication and leadership. Travel at INSEAD frequently combines job hunting, networking and tourism. Even the parties that are all too much play for some inevitably represent the culmination of weeks of work by others. Everything at INSEAD is done with a high level of intensity - it has to be to fit into a ten month MBA - and the line between work and play is impossible to define. Sleep falls by the wayside, not because of work deadlines and stress, but because it just seems a waste to be sleeping when there is so much else on offer. For the same reason, I basically haven’t watched television for a year (a big change for me). Everyone wants to make the most out of every day, because everyone is aware that their time at INSEAD is so limited. It is a lesson in living life to the fullest, and despite the sometimes exhausting nature of the experience, I found it not just fun, but deeply satisfying.

While it is not possible to extend the INSEAD experience, it is, hopefully, possible to find a similar level of engagement and satisfaction in a future life. It is thus one of the key learnings that I will take from INSEAD that finding a satisfying career and work life balance will not come from changing the balance between work and play, but by finding work that blurs the boundary between the two. That may sound like an ironic realisation from someone going back to management consulting, and whether my next step, to Bain in London, can provide that, remains to be seen. I am quietly optimistic, otherwise I would not have accepted the offer, but even if it does not, at least now I know what I’m looking for.

Before I wrap up this blog, I have to say a very important ‘Thank you’ to my parents, without whom this entire year would have been impossible. It is not just financial support, though that too was important. I would never have made it to INSEAD, or to our amazing road trip in the US before that, if not for the values and education my parents instilled in me, and all the support and guidance that they have given me throughout my entire life. So, Mum, Dad, (who are also probably the only people still reading at this point), THANK YOU.

When I started this blog I came up with the title ‘The Great Escape’ because I had just seen a repeat of the classic movie by the same name. I gave no thought to the fact that the famous escape actually ended in failure. I couldn’t call anything about the last 18 months a failure, but the title gave away what I knew deep down: that there was only one place where this adventure could end, firmly back in the real world. And that is where I now return.


P.S. I hope some people have enjoyed reading this blog somewhere near as much as I’ve enjoyed writing it. Please, if you’ve read this far, and followed the blog this year, let me know, either by leaving a comment below or dropping me an email.

Friday, June 10, 2011

Summer, and life slows down

I’m enjoying my morning coffee and croissant, contemplating one of the great mysteries of life in France. How does one eat a croissant without getting flakes of pastry all over one’s keyboard? You can try to catch the crumbs in the bag it comes in, but the flaking is so much that you virtually have to eat it out of the bag, and inevitably end up with a mouthful of brown paper to go with your croissant. My mother always told me to make sure I close my lips before I bite, but a fresh pain chocolat starts to disintegrate on touch, long before it reaches your mouth.
I appreciate that the croissant and its puff pastry cousins have been with us much longer than the idea of eating breakfast with a macbook on your lap, but my point stands – it is impossible to eat breakfast in France without blanketing yourself and a perimeter around you with buttery flakes. The true mystery is not so much how to eat a croissant in style, which I have long since concluded is actually impossible, but why the French, a people who put such emphasis on style, persist with such a hard to eat bake good as their only real breakfast food.

The fact that I have time over breakfast to contemplate such inane matters might give you a clue to the new nature of life in Fonty. There are 5 periods in the year here, and each has its own flavour. We are now in P5, which is marked by a distinct divergence between two groups of people. Classes have slowed down to a crawl, and for those students who took the simple route and went into consulting, or have otherwise secured their next job, the recruiting season is over too. Life is good – the long French days are spent soaking up the sun in the INSEAD ‘Biergarten’ (a gift of the German Alumni association, but nothing more than a few chairs and tables outside), making an occasional foray to the gym and debating the appropriate time to switch from coffee to beer.
If, on the other hand, you are taking the hard road, declining the consultant bandwagon to look for your dream job in industry, start ups, venture capital or other glamour areas, or even start your own business, P5 is a time of increasingly intense job hunting, and not a little stress. Where the future consultants are deciding between Heineken and Leffe, petite ou grande, the job seekers are deciding between Eurostar and Air France, fly-in fly-out or stay overnight, as they travel everywhere from London and Paris to Africa and Sao Paulo for endless meetings with recruiters, headhunters, potential investors and anyone else who might be able to put their talents to good use.

There is a little mutual envy between the groups. Life is sweet for us future consultants, but it’s hard to escape from the fact that we’ve taken a safe job and stable income in exchange for a few more years at least firmly in the rat race. The job seekers look stressed now, but the pay-offs, in the form of job satisfaction and long-term happiness, or even total independence for the entrepreneurs, might be so much higher. On the other hand, in their more pessimistic moments, the job seekers must look over at the sign-on bonuses and guaranteed post summer start dates of the consultants and wonder if it’s all worth it.

Job seeking aside, summer has hit France, and Fontainebleau has come alive. In winter, one could walk down Rue Montebello, the small pedestrian strip of restaurants that Fonty students all know and love, and see only a few hardy souls huddled inside. Today, even on a Monday, the restaurants are not only full inside, but have taken over the pavement, doubling their capacity and letting diners enjoy the endless dusk of a place where the sun does not truly set until 10.30. To pass Bistro Neuf and Cote Sud (two favourite INSEAD hangouts) in summer feels like walking down our very own miniature quartier latin, with the added bonus that instead of tourists, the tables are packed with your close friends.

We’ve been exceedingly lucky, in that France is, apparently, in drought. I don’t think this is drought in the Australian style; the Seine looks to be flowing pretty healthily, from what I can see. But, until the current rain set in about three days ago, it had been warm and sunny for about eight weeks in Fonty, and in Paris. This is a hardship for the garden staff of the chateau’s, but a boon for just about everyone else.

A European drought does seem like a rare event, so I’ve been trying to make the best of it by seeing some more of Paris and other parts of France. I was fortunate enough to be invited to a friends place in Provence, in the small town of Fayence, for a few days. If you’ve ever been faced with a grimy, crowded part of Paris and a seemingly obnoxious waiter / shop assistant / person on the street, and wondered where all the romantic images of France come from, I strongly suggest a trip to Provence, in the South. The coastal places, like Cannes and Nice, are well known, but it’s a little inland that the magic happens. Fayence, like the surrounding villages, is built into a hillside, so each beautiful brown brick house gazes over a valley and onto the next rolling hillside town, again of all stone houses and terracotta roofs, and which turns positively orange in the glow of a sunset. In May, when we were there, the lavender is in full bloom, adding a bright streak of purple to every scenic view. The houses and villages are joined together by impossibly steep and narrow alleys, which, while they take cars, are generally used by ambling locals indulging the French passion for walking slowly (which is much less annoying here than in Gare de Lyon). The alleys take cars too, but you can hardly call them roads. It sounds clichéd, but it could easily be taken straight from a movie. Take the setting and the beautiful house, and add good company, copious amounts of Provence’s signature Rosé and multiple games of petanque, and you have a memorable trip. My thanks to Come, my French friend, for hosting us.

Since then Parisian outings have been on the cards. I couldn’t pass up a chance to visit Roland Garros during the French open, and I finally managed to tick Versailles off the list. The French open was great, and another beautiful French day in the sun. Versailles – well, its impressive, but really just a scaled up version of every other Chateau in France, or Schloss in Germany for that matter. I realise Versailles is the original that all the others are based on, but I saw the others first. All I really wanted to know was where they signed the treaty, but that was not on the audio guide. Still, it was another day with good company – Sandy, a friend from Australia who has moved to France, and is French, kindly agreed to be my tour guide.

Well, the gentle rhythm of INSEAD in P5 is calling me to the restaurant. It’s lunchtime here... (yes, it took me from breakfast to lunch to write this - but breakfast is pretty late these days)

Friday, March 25, 2011

Spring is in the air

Spring has arrived in Fontainebleau, and, like the birds and flowers and sun, my blog is re-emerging. It has been such a long time since I last updated my personal patch of cyberspace that I can't even remember what I last wrote. My intention was that this blog would serve as a regular diary of my INSEAD activities, and thus make a nice souvenir to look back on a few years from now. Clearly, failing to update it for 4 months of a 10 month program somewhat undermines that aim. Unfortunately I don't have it in me to go back and recap the last 4 months, so I'll have to simply take up from the present, and rely on the oldest form of media, the human memory, for the intervening period.

So to the present. As I said, Spring has arrived in Fontainebleau. In Australia we don't have much of a winter, which is nice, but it denies us the soul restoring pleasure of a true spring. A few weeks ago it was dark, dreary and cold here, the forest was little more than a haunting collection of bare trees and sickly looking pines. On the rare occasion the sun came out it arrived late and left again with the population still indoors, struggling through lectures or work. Then, one day, the sun came up, and the thermometer broke into double figures. And now, suddenly, everything has changed. Seemingly out of nowhere the sun has not only returned, but seems to have set up permanent camp alone in the sky, unbothered by clouds for days on end. The footpaths are suddenly adorned with yellow and purple as once dead nature strips turn into flower beds, and slowly but surely green is returning to the forest. At the same time wintercoats have disappeared and t-shirts are re-emerging. A few brave souls have ventured to shorts and flip-flops, and its impossible to deny the enjoyment provided by the natural shortening of skirts and lowering of neck lines that accompanies the rise in temperatures.

While Spring is wholly welcomed, there is another season in full swing at Fonty, and it has a more bittersweet flavour. It's recruitment time for our class, and while it's a time that offers plenty of excitement for the myriad opportunities that seem just over the horizon, it is also a time that drives home the sad fact that, sooner or later, the INSEAD sleep must end. Recruitment is the real world, rudely knocking on the door while we try to grasp the last, fleeting moments of a pleasant dream.

An upside of recruiting at INSEAD is that it is accompanied by much less of the soul searching moralizing that marks an undergrad law student's job search. Few people indeed are wracking themselves with guilt over whether to the sell their souls in the corporate world or instead try and change the world working in low paid but meaningful non-profit or public service roles. Being older, and I think a little wiser makes the average MBA quite comfortable with selling his or her soul. The question is who is the highest bidder for that soul, and how can one ensure a good resale value for said soul a few years from now.

The downside is The Fear. Other than the lucky sponsored few, all students are haunted, to some extent at least, by The Fear, in a way that an undergraduate student, particularly in 2006, never worries. The Fear is that the job will not come. That one could invest all this time and money and effort into an MBA and then freeze when asked to figure out how many ping pong balls fit into a 747. Or that one's CV will only be compared to other INSEAD students, each one of which seems to have a more amazing previous career than the next one. And that in July, when the real world takes your classmates back into its well paid embrace, you will be left with a debt hangover to match the Greek budget, and the employment prospects of an Irish property developer, and your international outlook and diverse class mates will be of little consolation. No one talks about The Fear, but it's there. And the only way to deal with the fear is to ignore it steadfastly, and listen to the warm and fuzzy promises of the real world as potential future employers line up to dangle promises before you.

The consultants have made their pitch, all slick presentations and fancy dinners. Intriguingly, each of the consulting firms informs us that what differentiates them from the others is 'the people' and the focus on results/impact/solutions (choose your synonym). A natural cynicism aside, they did make compelling arguments, and consulting fever has hit INSEAD, sweeping all in its path. Barely a break out room can be found that isn't occupied by eager students practicing their case interview skills, gripped by excitement at the glamorous 'Up in the Air' lifestyle and the promise of 'a new challenge every day', and of course, gripped also by The Fear. It would be dishonest to leave you with the impression I was above all this, so I openly admit that mine is also one of the annoying voices floating around the west wing, distracting all those trying to study, reasoning its way to the annual income of a taxi driver, or the feasibility of entering the Norwegian broadband market.

In the next few weeks industry will strike back, seeking to lure back the seduced aspiring consultants with promises of fast career progression, real responsibility and a more friendly work-life balance. One of the major energy companies presented a few days ago, and arguably got industry off to a bad start, with one of the stranger openings to a recruitment presentations I have seen. "At our company, we take safety very seriously, so I'd like to begin our presentation by pointing out that this room has two emergency exits, one here and one there" she said, as pointed out, to a bemused looking group of MBAs, the locations of the doors to their own lecture theatre. The same doors through which they had just entered.

Recruitment aside, INSEAD continues at its usual fast pace and somewhat surreal rhythm. National Weeks have come and gone. Heart of Europe week, where I donned my German face for a week, was a great success, and ran with impressive, and distinctly cliched, efficiency. The beer was plentiful, and the fun was had by all. Following the Heart of Europe week was always going to be tough, and it fell to the Russian and Eastern Europe crowd to organise the next one, with the interestingly titled 'Iron Curtain Week'. It's not for me to tell people what to call their national weeks, but I have to admit I was surprised that the Poles, Czechs and Hungarians wanted anything to do with an Iron Curtain week, or the Friday party and its Red Army theme. True to its name, the Red Army party left carnage in its wake. For reasons unknown (but quite possibly connected to the name of the week), Iron Curtain had a hard time attracting sponsorship, and in the end Russian Standard Vodka was the lone sponsor. But they sponsored in kind, not cash.

As it turns out, even at a party where the average age is approaching 30, and the guests are amongst the most expensively educated people on the planet, serving free, unlimited and unmeasured shots of straight vodka for an evening is a bad idea. The full repercussions are still emerging, but while a nasty hang over was all that most people had to overcome, others were left with more long term damage. Of course, it would be indiscreet to recount that here.

It's hard to believe, but I think I may even be getting sun burnt out here, and my laptop is running out of juice. Aside from that, I still haven't tired of the INSEAD cafeteria, and lunch is calling.