By Pamela Weinsaft (New York City)
Melissa Goldman, a Managing Director at Goldman Sachs and Head of Credit Risk, Collateral Management and Cross Divisional Projects within the Technology division said, “My sister – who grew up with a disability and was wheelchair-bound all of her life – was valedictorian of our high school.” Goldman credits her sister, who passed away around three years ago, with inspiring her to reach higher every day. “It was really about how she operated in the world. Not only was she the most intelligent person I knew, she was also someone who had every reason to be bitter and angry about the hand she was dealt in terms of her physical limitations.’’
Recalling her sister’s inspiring energy, passion for the work she did, and the way she pushed herself and others to always do better, Goldman said, “It is amazing the positive effect she had on the people around her in her all-too-short-lifetime – not only in her professional and academic life, but in her personal life as well. She had the kind of relationships and impact on people most of us would only dare to dream of.” Goldman noted that she tries to make her sister a part of her daily life: “She is a constant reminder of what it means to have challenges, to have tolerance and to persevere.”
Goldman, a Long Island, New York native, studied applied mathematics and computer science at Carnegie Mellon University. “I have always been interested in problem solving and puzzles – always trying to find the best way to get from here to there.” A summer program at the university after her junior year of high school led her to forgo her senior year in favor of early admission. Upon graduation, she was immediately drawn to consulting. She took an entry level job with Andersen Consulting (now Accenture) as an analyst in the technical consulting practice. While she found it fun and challenging, she began to realize that it wasn’t exactly the best fit for her.
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Ask-A-Career-Coach: Positioning Yourself for Big Versus Small Companies
Ask A Career CoachWhat are the differences between hiring objectives of a small (startup) company versus a bigger corporation?
The job search does differ when you are targeting start-ups versus established firms. Getting information on and networking into smaller, newer firms requires deeper research and more resourcefulness. You probably have just one chance at the hiring manager in a small firm, while at a larger firm, there are more potential points of entry. Finally, as this questioner mentions, the hiring objectives and practices of a start-up will differ from a bigger corporation, and you will need to adjust your search accordingly.
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Time to Dig In: High–Ranking High Heels in Hedge Funds
Managing ChangeLike some behemoth glacier that relentlessly exerts tremendous destructive force as it grinds its way to a final standstill, the financial crisis has pulverized the stalwart bedrock of global fiscal wellbeing. Engaged as we are in the massive scale clean-up of the debris of financial ruin – if the reader will further indulge this author’s use of metaphor—we may miss that the landscape is being naturally reshaped in places – pushed ahead like a terminal moraine that will ultimately provide a toe-hold for new forms of habitation.
One such structure of the financial landscape that is being subtly re-formed (and reformed) is the hedge fund. Women, a small minority of hedge fund managers, are helping investors find a smoother, safer, successful path to their goals.
Who are those guys?
Good or bad, the hedge fund industry tends to be populated by relatively young managers, a growing number of whom are women. According to a recent report entitled Sex Matters: Gender Differences in the Mutual Fund Industry, current estimates are that only 3% of the $1.5 trillion invested in hedge funds is managed by women.
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In Case You Missed It: Business News Round-Up
NewsAt the beginning of the week, the euro gained almost 2 per cent against the US dollar. Goldman Sachs has commenced negotiations with the SEC in order to try and reach an out-of-court settlement of the agency’s civil fraud action against the bank.
Economic Backdrop
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Voice of Experience: Anne Weisberg, Director, Talent, Deloitte
News, Voices of Experience“I have to say I love my job,” said Anne Weisberg, a Director in Talent at Deloitte. “It’s a big part of why I feel good about my work/life fit. You have to love what you do, or the sacrifices don’t feel worth it.”
Weisberg, having worked as a lawyer and a consultant, as well as having authored two books and several studies, is an expert on the issue of work/life fit. A frequent and passionate speaker on work/life issues, the importance of gender diversity in the workplace, and other talent issues, Weisberg is working to shift the structural norms that make it difficult for women and men to achieve their full potential in the workplace.
Her career and expertise is built around her own personal experiences. She explains, “I graduated from Harvard Law School in 1985 – when I was five months pregnant. I’ve been a working mom for my entire professional life.”
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Voice of Experience: ML Krakauer, SVP, Technology Solutions and Services, EMC
Voices of Experience“One of the things I would encourage is to move broadly. Get as many cross functional experiences as possible – gain multiple lenses to approach issues,” said ML Krakauer, SVP, Technology Solutions and Services at EMC.
Throughout her career, Krakauer has filled a variety of roles: positions in the field and in corporate, as a general manager, and as a functional leader. She says, “From an experience point of view it’s one of the things I count myself very lucky around.”
“One of the things I love about all of the experiences I have had is the very broad view of issues and operations,” which, Krakauer says, has allowed her to become adept at finding multiple ways to solve problems.
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Voice of Experience: Melissa Goldman, Managing Director, Goldman Sachs and Head of Credit Risk, Collateral Management and Cross Divisional Projects, Technology
Voices of ExperienceMelissa Goldman, a Managing Director at Goldman Sachs and Head of Credit Risk, Collateral Management and Cross Divisional Projects within the Technology division said, “My sister – who grew up with a disability and was wheelchair-bound all of her life – was valedictorian of our high school.” Goldman credits her sister, who passed away around three years ago, with inspiring her to reach higher every day. “It was really about how she operated in the world. Not only was she the most intelligent person I knew, she was also someone who had every reason to be bitter and angry about the hand she was dealt in terms of her physical limitations.’’
Recalling her sister’s inspiring energy, passion for the work she did, and the way she pushed herself and others to always do better, Goldman said, “It is amazing the positive effect she had on the people around her in her all-too-short-lifetime – not only in her professional and academic life, but in her personal life as well. She had the kind of relationships and impact on people most of us would only dare to dream of.” Goldman noted that she tries to make her sister a part of her daily life: “She is a constant reminder of what it means to have challenges, to have tolerance and to persevere.”
Goldman, a Long Island, New York native, studied applied mathematics and computer science at Carnegie Mellon University. “I have always been interested in problem solving and puzzles – always trying to find the best way to get from here to there.” A summer program at the university after her junior year of high school led her to forgo her senior year in favor of early admission. Upon graduation, she was immediately drawn to consulting. She took an entry level job with Andersen Consulting (now Accenture) as an analyst in the technical consulting practice. While she found it fun and challenging, she began to realize that it wasn’t exactly the best fit for her.
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Voice of Experience: Stephanie Fohn, CEO, WhiteHat Security
Voices of Experience“Really, what I am is an entrepreneur,” said Stephanie Fohn, CEO of WhiteHat Security. “I found out very early on that what I love to do is create something from nothing.”
Fohn is emphatic about her love of entrepreneurship. “I love being an entrepreneur and I feel very strongly about creating – whether creating companies, jobs, or security, which has a positive impact around the world.”
“I would like to see all women become CEOs or COOs,” she said. “The biggest thing is to find something that you love to do – and not everyone can – and stick with it. Don’t give up. It’s so challenging and rewarding.”
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Voice of Experience: Akila Krishnakumar, COO and Country Head of India for SunGard Technology Services
Voices of Experience“I’ve had an active career. I’ve moved around a lot in India and outside,” said Akila Krishnakumar, Chief Operating Officer and Country Head, India, SunGard Technology Services. “I’ve worked for 25 years with no real break in my career. It’s just so much fun.”
Krishnakumar is energetic about work – the opportunities she’s encountered, sharing successes with her team, and now the ability to be a role model for her employees. She also emphasizes the importance of continued learning. “I firmly think you have to be open to a wide range of experiences. In every single thing you do, there is learning.”
A Love of Work
“I started my career when I was barely twenty one at Wipro. It’s large and famous now, but then it was a small company, almost a start-up.” Krishnakumar said. “It was the best grounding I could ever hope for, in my career and as a person.”
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Three Reasons the Technology Field is Great for Women
Industry Leaders, LeadershipThis week, The Glass Hammer is celebrating women in technology with a series of articles profiling women who’ve broken the glass ceiling in senior technical roles. The tech field hasn’t always been seen as women-friendly. For instance, as noted in the Anita Borg Institute‘s report Senior Technical Women: A Profile of Success, the field’s culture promotes a hero-mentality, wherein the people given top jobs, promotions, and kudos are those who swoop in at the last minute when a project needs to be completed, spend long days and late nights fixing problems to meet a deadline, and save the day.
The hero culture doesn’t work well for women, though. As the study explains, most senior women in tech are primary caregivers who often aren’t able to spend those late nights in the office – and so they get passed over for promotions or interesting assignments, even if they’re highly capable.
Another study published in the December Journal of Personality and Social Psychology showed that geeky stereotypes may be keeping women out of computer-science related fields.
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Voice of Experience: Sheree Stomberg, Head of O&T Administration, Global Operations & Technology Chief Administrative Office, Citi
Voices of ExperienceSheree Stomberg, Head of O&T Administration at Citi‘s Global Operations and Technology Chief Administrative Office has dedicated her life to “three pillars:” her work, her family, and her philanthropy. She works as a change agent – as an O&T expert, a dedicated advocate for women’s networks, and fighting global hunger.
“Play full out and make sure you love what you do,” she says. “Follow your passion. If you choose this industry, make sure it’s you passion.”
Working as a Change Agent in O&T
“I have a broadly diverse career path in Financial Services,” Stomberg explained. She began her career in a UBS training program dealing with corporate finance for the oil and gas industry, then becoming senior credit policy officer, then Head of Strategic Planning for the Americas, and finally, Head of Operations and Head of Technology for North America.
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