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Managing (future) income risk

Managing future income risk has been something I considered since high school. It was the first time I took into account how my actions, decisions and performance affect my future, income and lifestyle. I researched degrees to study at University and the job market relevant to these degrees. I asked around relatives, family friends and mentors to see which degrees will suit me and what kind of jobs I will be able to work in after I have obtained the degrees. After making a decision on my degree (commerce and economics) I looked at the mark needed to get the degree. Therefore, I focused on my studies to ensure my marks were good enough to get into the degree. I further had to manage my future income by choosing a major within my degree. I decided to major in Finance and Accounting. I chose fiancé because I had a high interest in it and jobs in investment banking was challenging and lucrative. I also chose accounting because the job market was much easier and high demand for graduat
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Experience with Organizations

I have been part of a large organisation while working as an intern with J.P. Morgan. The company had many levels within their organizational structure due to the high scale of their business. As an intern I was at the lowest level of the structure and mainly worked and interacted with graduates, seniors, managers and HR. The interns were allocated into various streams within the M&A divisions such as technology, media and communications, energy and resources and consumer products. This creates a horizontal structure within the firm. Throughout my internship, I realised how important the communication is in an organization. The level of communications and teamwork had to be exceptional to create efficiency in the team’s work. I took my park to increase this communication by talking with fellow interns to align our work and updating my manager with my progress. A higher level of communications and interactions also created higher morale in an organization. This was
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Paul Milgrom

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Paul Milgrom is an American Economist born in 1948. He studied at Stanford where he has a master’s degree in Statistics and a PhD in business.  Milgrom currently is the Shirley and Leonard Ely professor of Humanities and Sciences in the department of economics and professor by courtesy at the Graduate School of Business. He is a member of the National Academy of Sciences, a fellow of the American Academy of Arts and Sciences, and director of the Market Design program at SIEPR. Milgrom has published various works such as  Putting Auction Theory to Work  which was, published by Cambridge University Press and  Economics, Organization and Management  which highly influenced various areas to economic research. Milgrom most famous works centered around game theory. In particular, it included auction theory, incentive theory, contracts and market design. he was a lead academic contributor to the FCC spectrum auction design. This design was used in many auctions including
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