Monday, April 4, 2011

Top Ten Countdown #7: Grade Disclosure

McCombs discloses grades - this means you are free to put your GPA on your resume, and recruiters can demand to know your GPA. When I first starting looking into schools, I thought grade non-disclosure was better; after all, there was a certain utopian feel to the concept that everyone was there to learn. Several top MBA programs (Stanford, Haas, Booth, Ross, Wharton) do not disclose grades, and I thought that it was a bummer that Texas did.

But I've changed my tune. I think grade disclosure is good for three primary reasons:
1. You'll learn from studying for tests more
2. You'll get more out of your prepared classmates
3. For banking or consulting internships, hard workers can distinguish themselves

1. You'll learn from studying for tests more
What may sound obvious to some of you is that grades actually do help you to learn. In my leadership class the other day, we talked about how studies have shown that cramming for tests actually enhances retention of the material. So since caring about your grades means you'll study for the tests, you're going to retain more of the knowledge after school.

2. You'll get more out of your prepared classmates
Since your classmates care about grades, they'll be prepared for class as well, meaning you'll get the most out of their contributions, anecdotes, and thought-provoking comments.

3. For banking or consulting internships, hard workers can distinguish themselves
If you're interested in working in marketing, grades may not be as important. In fact, you probably won't have to even tell a recruiter your GPA. But for students that do want to work for banks, consulting firms, or other companies that do care about grades, they have the opportunity to stand out.

After talking to a few friends at grade non-disclosure schools, I now understand why business school isn't as much a giant drinking contest as I thought it would be. Nothing wrong with that - from time to time - but I am happy to have a balance of social and enrichment activities. Partially because of grade disclosure, I've been able to get that at McCombs.

Sunday, April 3, 2011

Top Ten Countdown #8. Opportunities per capita

With over 40 clubs and organizations but just 260 students in your class, there's an outsized opportunity to take on leadership opportunities at McCombs.

Think about it this way - every business school is going to have a consulting club, a marketing club, and a finance club. But every club can only have one president and a few other officers; this is a huge benefit in McCombs' favor.

Although club leadership is not likely to sway a recruiter's opinion of you, having the chance to take leadership in an interest area can be a huge help for career switchers. Additionally, officers often have the opportunity to build professional networks through setting up club events, speaker series, and conferences.

Our clubs at McCombs range from the industry/professional clubs like the aforementioned to affinity clubs like Hispanic Graduate Business Association to purely "networking" clubs like the MBA Golf Club. Students have the opportunities to join as many clubs as they like, but most find it difficult to take on leadership in more than two clubs.

For a listing of the organizations on campus as well as more details about each of them, see http://new.mccombs.utexas.edu/MBA/Full-Time/Student-Life/Student-Organizations.aspx

Tuesday, February 15, 2011

Top 10 reasons to get your MBA at McCombs: #9 - Roll your own MBA

You may have heard the first semester at UT is a bit of a punch in the face with a lot coming at you all at once. It’s true – we took 9 courses in the first semester, and even though we spent only 7 weeks doing basic accounting and finance, our professors crammed in a full course’s material in the short time frame. This meant an all-out blitz and many long days trying to synthesize what was coming at us.

But it also meant that after the first semester, we were mostly done with our required courses. And that means more electives over the next 3 semesters.

At Harvard and Wharton, for example, you take the required curriculum the entire first year. Required courses are good – employers expect newly minted MBAs to have certain skills, after all - but it also means you have less time to take the classes you really want to take.

MBA students pose with traditionally dressed Indians on a
McCombs global study trip in 2010
Texas further differentiates itself by not requiring you to declare a major. So, after the first semester, you can really take just about any classes you want to take. There are some requirements – a second semester Strategy course, a “flex-core” optional class (pick from a few options), and a “global study” requirement – but there’s flexibility built in to those in terms of timing and subject matter.

Overall, what I found most refreshing about my liberal arts undergraduate experience was the opportunity to take classes I was interested in, rather than having to take a prescribed list of courses that were necessary to get a certain degree. It’s been nice to know that I can continue that experience in business school.

Indian Dude Has no Shame

Transcription of an interaction between mid-20s something Indian guy who looked like he could be in the MBA program (but was not, don't worry) and a gorgeous UT undergrad at Caffe Medici on Guadalupe close to campus, approximately 1pm. The whole time, the girl was painfully polite, despite what may appear to be curt responses. I missed a little bit here and there, but this is roughly 90% of their conversation...

Guy: Your eyelashes are so dark and long
Girl: Thank you?
Guy: I wish men could wear those. But it's thought to be gay.

Guy: Can I see your left hand? Oh it's a nice man's watch...
Girl: It's a woman's watch! 
Guy: It's very big, must be very expensive
Girl: I worked hard for that watch
Guy: What do you mean?
Girl: I had to work a lot of hours at my job
Guy: Oh haha! I thought you might be some sort of a Lindsay Lohan character!

Guy: Are you fiesty?
Girl: Yeah of course
Guy: I'm a nice guy, don't punish me! haha

Guy: I will try to figure you out asking two questions. Have you ever had your palm read before?
Girl: I'm not a fan of that stuff

Guy: [shortened to keep up] I'll tell you a story - one time I met a girl [at a bar on 6th street] and she was a model and a math teacher at UT!
Girl: Wow you must have gone crazy
Guy: I got chest pains!
Girl: hahah
Guy: And the thing is, I got chest pains again!

Guy: Just for shits and giggles, how tall are you?
Girl: 5'9"

Guy: Just for shits and giggles, do you watch American TV? Let me ask you a question - let's say we're married. And we have a teenager and she's making out with a guy on the couch. We walk in, what do you tell them?
Girl: I don't know
Guy: You tell them How I met your mother!
Girl: Good one

Guy: So I seduced you? You seem like an outgoing person now, I'm guessing in middle school you were shy?
Girl: No, always this way
Guy: Why don't you tell me something about yourself?
Girl: I don't really know what to say, I'm not that interesting
Guy: Ok, at this point, it's time to determine how smart you really are. I'm going to ask you five questions and your job is to answer them all wrong. Have you ever had an accident in your life?
Girl: I had a cleft palete when I was young. Now I'm a spokesmodel for a cleft palette foundation.

Guy: I was born in India; I'm not sure if you knew that. Ok, so 4 more questions
Girl: Ok, then I have to do my German work
Guy: Ok, well I'll leave you for later. But I'll be here 7 days. Did you know there's bowling on campus?
Girl: I don't really hang out much on campus, actually

Guy: I don't want to ask you out on a date right now, but what was the best date you've been on?

Guy: Have you ever played cricket? That's like the #1 sport in India

Guy: Do you like spicy food? 
Girl: No, I'm from the midwest
Guy: Oh, You're from midwest. Ohio is midwest?

Then he does a lie detector test by holding her hand.

Guy: Let me see your right hand. 
Then he borrows her phone to put his number in it. Can't figure out how to put it in. Then he asks her to text him something witty so he can get her number.

Eventually she wards him off by promising to text him when he walks away. I don't think she's texted him, but he hasn't come back yet either. End.

Monday, February 7, 2011

Countdown: Top 10 reasons to get your MBA at McCombs


I'm going to countdown my top ten reasons why you should get your MBA at McCombs. Note these are my top 10 reasons, not the administrations, nor am I necessarily a representative sample of the student body. I did ask about 50 current students what their top 3 reasons are, and I'll share the results of that survey throughout this countdown.


Without further adieu, here goes:


# 10. You get to be a Longhorn.
Bevo's always a top-10 mascot
When you look at anyone's list of the top mascots in college sports (Sports Illustrated, Fox Sports, ESPN, etc) Bevo (the real Texas longhorn that attends football games and other university events) is always in the top 10. But Bevo himself is just the tip of the iceberg - the Longhorn brand is so universally recognizable and unique that in the college football hall of fame, every school but one has letters representing their school's logo. Texas has the longhorn logo, as that's all that's needed to identify the university. 


The power of the brand is evident - Texas is the #1 school in terms of raking in licensing royalties, according to Collegiate Licensing Company. The new Longhorn TV Network should only increase it. You want to study marketing? Read the Texas Monthly article from November about Texas AD DeLoss Dodds (you have to be a subscriber to read it, but I'm sure you can google around and find a copy); you'll appreciate what a genius the Texas Athletic Department has been in handling its brand. 


The fact that the shape of the longhorns' head naturally lends itself to the greatest hand signal in sports doesn't hurt. Nor does the accompanying "go!" phrase of "hook'em horns" either. The burnt orange color is unique as well - classier than traditional oranges, it is said to have been picked by Darrell Royal to match the color of a football in order to confuse opponents. 


Especially if you went to a school with a color for a mascot (like I did), coming to Texas is like hitting the jackpot. You've got an endless supply of awesome swag to wear around, people on the street to flash the hook'em to, and a brand to be proud of.

Stay tuned for #s 9-1...

Tuesday, January 25, 2011

Entrepportunities at UT


One of the great things about going to b-school at UT is the school really puts its money where its mouth is regarding entrepreneurship.

This Spring term, I've been fortunate to get involved with Texas Venture Labs (TVL), a relatively new entrant on the startup scene. Founded last Spring after several years in a 'skunkworks' format, TVL exists to help startups accelerate their development curve and get funded/revenues/growth faster. A group of 16 business, law, natural science, and engineering graduate students provide VC-like oversight and support to a hand-picked portfolio of startups. The 16 of us were chosen through a rigorous application process and learn the basics of how to promote new venture creation through hands-on experience. The companies get our intellectual horsepower, market and business plan validation, and access to UT's vast network of talent and investors. We get an amazing learning experience.

Our first official class was last night, and we learned what 'deals' - or companies - we'll be working with this semester. We got to pref our deals, and I got my first choice of SpectraPhase, a medical device company that's trying to provide real-time blood glucose level monitoring to hospitals nationwide. I don't know much about the product right now, other than that the current option - pricking a finger of an ICU patient every 15 minutes - is painful, costly, and inaccurate. Sounds like a perfect niche to fill right? Well, that's what we'll have to help SpectraPhase figure out.
AT&T Conference Center, just south of The Tower

The perks of the class are innumerable - we can sit in on investor pitches (to get funding), act as flies on the wall on board meeting calls, and have meetings with CEOs who are living and breathing this stuff. It doesn't hurt either that we have our own office space in the beautiful AT&T Conference Center just south of campus.

I'll keep this blog updated on some of my experiences with SpectraPhase and other startups throughout this term.

Tuesday, October 12, 2010

Potbelly - y'all sure don't make it easy

After stocking up at the co-op on course packets for the second mini-mester (since I'll be buying my books on Amazon), I carefully weighed my dining options - 900 calorie Strawberry Hulk from Smoothie King or sandwich from Potbelly? Potbelly was closer. And my wife's probably reading this blog and would not be happy when I was not hungry for dinner...

But boy did Potbelly try hard to make sure I don't make the same choice again. My 3 previous Potbelly dining experiences have gone something like this:

1. Heavenly unbelievable ham and swiss
2. "I can't believe that there was no drop in quality from eating it fresh in the shop to eating one of 500 delivered to campus during orientation" good turkey sandwich
3. OK, so the roast beef on wheat wasn't really my favorite. Nor was the short, fat, stoner of an 18 year old working the cold line. But I'll certainly be back.

A month later, I'm back. And here's more or less a screenplay of what happened:

Morgan: Yeah, hi. I guess I'll have an original ham and swiss.
Tall 20-something working bread and hot line: Cool man. What type of bread?
M [remembering that he didn't like the wheat from last time]: Regular bread.
Tall guy: Cool man. You want anything else on that?
M: Well yeah, I guess... what do I need to tell you now versus on the other side of the toaster?
Tall guy: Bacon, mushrooms, different kind of cheese
M: Oh, mushrooms. Yeah, I'd like mushrooms.
Tall guy: cool. [with some indignation] what kind of bread though?
M: Regular
[short fat stoner of an 18 year old enters from stage left and approaches cold line.]
30-something hyper Cashier: Nice work today man! Only 5 minutes late!
Stoner[to Morgan]: Yo, what's happening? Whaddya want on this roast beef?
M: Is that mine? I thought I had the ham and swiss?
Tall guy: Oh no man, you said roast beef. But it's all good, I'll get you a ham and swiss
M [temporarily forgetting he didn't like the roast beef and letting his anti-confrontational tendencies take over]: No, it's no big deal.
Tall guy: Good choice. Roast beef's especially good today
Stoner: Alright, so whaddya want on this roast beef? Mayo, mustard, lettuce, onion?
M: Mustard, hot peppers, and are those red or white onions?
Stoner: White. Ok cool, so I got mustard, white onions, and I'm sorry dude. I wasn't listening.
M: hot peppers. And a lot of them; I like hot peppers.
Stoner [as he sprinkles just two thumbnail-sized hot peppers across the entire 9in sandwich]: Right on man
M [not noticing Stoner's inadequate pepper-putting]: And a little lettuce. Just a little
Stoner [as he covers the entire sandwich in heaps of lettuce]: Gotcha
Cashier: Anything else man?
M [again, not noticing Stoner]: Um, I'll have a drink. No chips though
Cashier: Ok so chips and a drink?
M: No, no. Just a drink.
[Morgan heads over to table, unwraps his sandwich. Outloud:]
M: Is that? Yes, my god. That's wheat bread. Jesus.
[Morgan takes a bite]
M: What the... Is there any...?
[Morgan opens sandwich up. Lettuce falls everywhere. Camera zooms in on sandwich to reveal no white onions, two hot peppers, and...]
M: No mushrooms. Good god.
[curtain]

Maybe the Potbelly employees should stop taking drags off the "good vibe" inducing ganja weed and try paying attention to their customers... Otherwise, I'll be going to Smoothie King next time and we'll all lose.