Pavan Sathiraju

This is how Banks make money out of thin air:)
The majority of your friends working in banks also don't know this!
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[1] This is what we believe happens in a bank:
- If we have 100 Rs that we don't want to spend, we deposit that money in HDFC BANK and earn interest (assume 3% interest).
- HDFC will then give that 100 Rs as a loan & charge 10% interest.
The money that HDFC makes is Rs 7.

THIS IS WRONG!!!

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[2] This is what happens:
- Once we deposit 100 Rs, HDFC will give out that loan to person A and charge 10%.
- If the loan is to buy a car - HDFC will make sure that “the car dealer“ also has an account with HDFC and that money comes back to HDFC in the “car dealer“ account.

How much money left HDFC BANK? ZERO!

[3] So, the same 100 Rs is back with HDFC.
- Once again HDFC will give a vehicle loan to person B and make interest income.
- Once again the 100 Rs will come back to HDFC as “the car dealer“ has an account with HDFC.

How many times HDFC is able to rotate the initial 100 Rs - Check out their balance sheet:)

Now, what differentiates one bank from the other?
- Their ability to collect that 100 Rupees back.
So, a good bank is essentially a good collection agency:)

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I created a few videos to simplify this entire concept:

1) How banks make money:
https://lnkd.in/g3Z9W3G3
2) How banks performance can be analyzed:
https://lnkd.in/gsKZSk7E
3) What are the industries with which banks have synnergies:
https://lnkd.in/g8YAhdgd
4) How startups in the banking space operate:
https://lnkd.in/gUjfbcAr

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I made these videos based on my conversations with some senior experts in the banking domain. You wouldn't find this perspective anywhere else:)

Don't forget to subscribe to the channel as I am making videos on different industries based on my conversations with experts!

While men want to control their family's monthly budget,

Here is a woman leading the budget & vision for 140 crore Indians!

In my 20s - I saved 10-20% of my income (probably that is a stretch as well).

But, I created a lifetime's worth of memories!
- I partied in 40+ countries & I spent a bomb on luxury hotels.

- I gifted my parents a trip to Italy on their 25th anniversary. After the trip, my mom told me that “I studied about Rome in my school textbook & I never thought I would see it in my life. You made it real!“
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Do I want to do these things again? TOTALLY!
But, I CAN'T.
- I have kids. They sleep early & nightlife gets tricky.
- And honestly, my priorities also changed.
- My parents are not getting any younger. And they now prefer going to a temple vs. the Vatican!

If I was thinking about saving 90% of my salary, Neither I nor my parents would have had any of these memories!

Pavan Sathiraju

Here is the list of 50+ Consulting companies AND publicly available resources to crack them.

Bookmark the post!

Not Exhaustive:

McKinsey
BCG
Bain
Oliver Wyman
Roland Berger
Ernst & Young / EY Parthenon
PWC / Strategy&
KPMG
Deloitte / Monitor
Accenture Consulting
OC&C
TSMG
Arthur D. Little
Infosys Consulting
Practus Consulting
Praxis Global Alliance
Redseer Consulting
Centric Consulting
Gartner

Sector-Specific Consulting firms:

Operations:
- Kearney
- Partners in Performance

Turnaround Consulting:
- Alix Partners (Turnaround Consulting)
- Alvarez & Marsal (Turnaround Consulting)

Supply Chain Consulting:
- Miebach
- GEP

Impact Consulting:
- Dalberg
- FSG
- Sattva
- Samagra
- MicroSave Consulting
- Bridgespan

LifeSciences & Healthcare:
- ZS Associates
- L.E.K Consulting

IT Consulting:
- Genpact

Others:
- FTI Consulting (Financial Consulting)
- Simon-Kucher & Partners (Marketing Consulting)
- Avalon Consulting (Asia-focused)
- DSS+ (Oil&Gas)
- Aon Consulting (HR)
This list is not exhaustive by any means. This is only to give you an idea that there are a number of Consulting companies beyond MBB's.

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ALL these companies conduct case interviews.
A few publicly available resources that can help:

Mckinsey (7 cases):
https://lnkd.in/gUSGywpm

BCG (3 cases):
https://lnkd.in/gFysSUSU

Bain (2 cases)
https://lnkd.in/gcCeDjUK

LEK Consulting (3 cases):
https://lnkd.in/gDpZps3d

Dalberg (2 cases):
https://lnkd.in/gqY2FPM

Accenture (14 cases & the casebook)
https://lnkd.in/gF4yhQ_i

Bridgespan (5 cases - In the public sector)
https://lnkd.in/gvp-GEEA

Deloitte (1 interactive case):
https://lnkd.in/gNRuA5Qf

I also created a fantastic playlist (15 videos with case examples) on consulting interview prep on my Youtube channel!
Subscribe to the YT channel here & then bookmark the playlist (my latest video is also regarding Consulting): https://lnkd.in/gne9nTAr

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If you like the content - do let me know in the comments and share it in your network. That is the only way for me to know that you value these type of posts!

Work - 10 hours
Commute to work - 2 hours
Sleep - 6 hours
Netflix/IPL/WorldCup/Elections/Others - 2 hour
Food & daily chores - 2 hours
Random social media consumption - AT LEAST 1 hour

Typically, this is our routine!!
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1) Where do we have bandwidth to think about our relationships?
2) Where do we have the bandwidth to think about career/money?
3) Where do we have the bandwidth to do anything meaningful?
We don't!

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Hence, a LOT of Influencers exist!
- Talking about hacks around money
- Talking about hacks around relationships
- Talking about hacks around careers

We like these hacks because we don't have the bandwidth to go deep.

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But, unless we prioritize going deep on at least 1 thing at a time, it is useless to follow ANY of these hacks.
- Because, we won't have the mental bandwidth to analyze why something is going wrong for US!

Pavan Sathiraju

I strongly believe that where we end up in life (long term) does not depend on our undergrad college or grades.

If colleges would determine our fate:

[1] How can somebody graduating from Osmania university (in Hyderabad) become the CEO of Adobe?

[2] How can somebody graduating from the College of Engineering Pune become the CEO of Starbucks?

[3] How can somebody graduating from the  Walchand College of Engineering become the CEO of Chanel?

You can always change the direction of your career!

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I am absolutely stretching w.r.t. the people I chose to pen down my thoughts!

These are incredible accomplishments!
Even with a great degree as well it is difficult to accomplish these things!

And that is my point! Degrees won't get you to that point. It is up to us!