The MBA Student Voice

Why UCLA Anderson Is a Great Choice For B-school IMHO

Happy Thanksgiving! I hope everyone had a wonderful day spent with family and friends. I know for us students, it was a welcome day off from studying as we approach finals. There are only two weeks left in the now-infamous first quarter of b-school (I say “now”—I think it was always infamous, I just didn’t really understand until I lived through it myself!), and I will admit to being incredibly ready for the holiday! That said, business school so far has been an amazing experience that I wouldn’t trade for anything. And one quarter into it, I can also safely say that I wouldn’t trade UCLA Anderson for any other business school either.

Another satisfied student votes Anderson!

It’s a tough question- there are many amazing business schools to choose from, how do you know which one is best for you? Complicating things is when you get your heart set on a school and for whatever reason are not able to attend (and by whatever reason, I mean you don’t get in). I've been blogging on this site for awhile, and with luck I've built up a bit of street cred amongst our readers. So I hope you'll trust me when I say that I encourage you to consider UCLA Anderson as seriously as you would any other school, and I include the Top 3 in that as well. Why? Where do I begin…

1)      The quality of people. Every day, every hour, I am amazed, surprised, and delighted by the sheer intellect, ambition, savvy, wisdom, goal-orientation, creativity, and overall high caliber of each of my fellow students, first and second year alike. This is truly a top notch institution to have attracted such amazing talent. There is no doubt in my mind that many people I walk the halls of Anderson with today are going to be tomorrow’s Fortune 50 CEO’s, start-up darlings, and revolutionaries in the non-profit space. It's just an added bonus that everyone is also friendly & helpful, normal (loosely defined), and quite often, hilarious. (At least in Section B, the most awesome section there ever was.)

What was that about “quality of people”??

Second Year

Second year has a very different rhythm from first. This time a year ago I remember looking at a list of deliverables due in the next three weeks and having no idea how I'd survive until winter break. This year the list is daunting, but definitely survivable.

It isn't exactly that the second year is "easier" than first. (Though it probably is, insofar as I no longer have to contort my brain into accounting-speak.) Second year is equally busy; the difference is that you chose everything piled on your plate. 

One of the things I did last year, that I'm excited to do again, is Project Echo. A business plan competition for high school students, Project Echo introduces young people to every step of the process of creating a viable business. Each student team is assigned a group of MBA mentors. We advise them on how to build their business plan and help them prepare for the final competition, when each team presents their plan to a panel of judges from the community. 

Last year I had the opportunity to review many of the student business plans, and to watch a number of student groups present their ideas. It was amazing to see how far the teams had come during the months of competition, from an unformed concept to a detailed, well-informed and realizable business plan. Many of the teams have already successfully put their ideas into practice!

When it came time to decide whether to sign up for Project Echo this year, I did hesitate. So much to do, etc. But ultimately I had to recognize that Project Echo gave back everything we put into it last year and more. Gaining early experience with business and entrepreneurship will be tremendously valuable for the participating students. Plus, it was a lot of fun.

So I signed up. In a few days my team will be meeting our new students, who already have a number of great ideas for their project. I can't wait!

-- Tara Egan

tara.egan.2012@anderson.ucla.edu

@UCLAMBA

UCLA Anderson at Forte MBA Women's Conference

In 2012 the Forte MBA Women's Conference is set to be held in the Los Angeles area, but this June the Forte Foundation held its Annual MBA Women’s Conference in New York. Nine UCLA women from both the FEMBA and full-time program represented the school. Most of us flew in on Thursday evening and met that night for dinner in a cute Mexican restaurant in Soho. We had diverse backgrounds – marketing, media, PR, aerospace engineering, education, economic and pharmaceutical consulting, automotive, HR and software – yet we all shared a bond through Anderson.

Over the next two days, while surrounded by other students from top business schools, we represented Anderson and interacted with key executives, asking questions and networking with 400+ women who attended the event.

On Friday, we were coached by Jodi Glickman on perfecting our 30 second pitch, sat in on industry panels and attended a Company Expo. We listened to Uta Werner (CSO at Xerox) and Kristin Peck (Executive VP, Worldwide Business Dev. & Innovation at Pfizer) share their professional and personal stories in a panel moderated by Pattie Sellers, Fortune magazine’s Editor-at-Large. On Saturday, we followed our interests attending discussions on topics ranging from Career Acceleration to Entrepreneurship.

Many of us stayed a few extra days to enjoy the East Coast vibe of New York. 

 

The Most Bittersweet of Endings

On the morning of April 14, I wrote a blog post about the numerous conferences going on on and off campus, and inviting the broader community to join in on those conferences.

Until now, this was my last blog post, because something that afternoon occurred that has changed my life.  Forever. 

In one of my previous posts, I talked about Sari Closet, an online nationwide rental service for saris (formal South Asian women's apparel).  To recap: Sari Closet started as a class project in our Business Plan Development class.  At the end of the class, our "final" was to present our business to the class and to a group of guest venture capitalists, whose commentary / Q&A compromised the bulk of your grade for the quarter. 

The feedback we received was tremendous, to the point where one of the guests contacted us to help us get started.  We launched the business in January and went live in May. 

So on that fateful afternoon of April 14, I was in a pod at Rosenfeld Library with my classmates-turned-business partners, preparing for the Knapp Venture Plan competition that evening.  This is a business plan competition across Anderson, with the winner getting $30,000 in prize money, presumably to launch the business (although that's not a requirement). 

Nisha and I were going to present, so we dressed as best we could like fashion executives.  Patrick was dressed like an MBA student in his last quarter: a t-shirt from a band nobody has ever heard of, old jeans, and at least one tennis shoe. 

(Digression: we made it to the next round of the Knapp competition, the semi-finals.  But in this round, all of the businesses were put into different rooms based on industry, and the judges chose the best business of the ones that they saw, and that team moves on to the finals.

I didn't realize that you had to "win your room" until 20 minutes before we were supposed to present, I thought the judges all listened to the pitches, then got togeher and chose their favorites based on all of the rooms. 

But I was wrong, and naturally, we ended up in Food and Beverage.  Any muppet can figure out that a sari is neither a food nor a beverage.  But our objections were shot down (apparently, our industry room was "Retail".)  So there we were, presenting Sari Closet after two food trucks, a beer business, and a pastry shop.  Of course, we didn't win.)

So we are meant to present at 6pm, and I get the call at 4:45pm that changed everything.  It was from Mrs. V.  I left right away, and 4.5 hours later, Mrs. V and I introduced our daughter to this world.

Like I said, something happened that changed me forever.

So I never had the chance to post again to this blog, and then I graduated.

Tearfully, it is time for me to say goodbye. To the blog, and to UCLA Anderson, at least as a full-time student. I'm officially an MBA graduate, and a father. 

I'm not going too far.  I'm still dedicated to Sari Closet, and will stilll be following the sports industry closely - the sports entertainment business remains my professional passion. 

Those of you who have enjoyed my writing (all three of you) can follow me over at Perfecting the Upset, a new sports blog started by Rahat Ahmed, a friend from college, and focusing on the sociology of sports: why are we fans, what makes us tick.  There will be a heavy dose of nostalgia, plus coverage in a way that isn't blinded by commercial interests. 

I'll be focused on my beloved Washington Capitals and Manchester United, and possibly UCLA football / basketball and the Steelers, if my daughter lets me.  I'll join there later this month. 

I'll always love my two years at UCLA Anderson, and writing this blog.  It's a bittersweet good-bye for me, a time that I will always cherish and remember fondly.

Go Bruins.

 

 

Conference Season at UCLA Anderson

Today is the Conference edition of the blog - because there's lots of news on all of them! Contact me if you want details any of the events happening on campus!

* The International Food Festival is on Thursday, April 7, starting at 17:00 (that's 5pm) at Alumni Plaza here on campus.  This is where the International Business Association turns Alumni Plaza into a street market atmosphere with food stalls representing 15 different nationalities, music and dance performances from around the world, and a global selection of beverages -- all run by UCLA Anderson students!  Last year, over 500 people were in attendance.

Entry is just $20 which includes five free food tickets (additional food tickets can be purchased for $1 each).  All UCLA graduate students are welcome - from any school, not just Anderson - as are all UCLA faculty and staff.  And yes, you can bring your family!  Children's entry is just $10.

* UCLA Anderson is putting on the PULSE Conference on Friday, April 8. This is UCLA Anderson's first-ever Sports and Entertainment Conference!  The conference is a collaborative effort between the Sports Business Association, Entertainment Management Association, and UCLA Anderson's Center for Managing Enterprises in Media, Entertainment, and Sports (MEMES).

Ann Sweeney, President of Disney / ABC Television Group is the keynote speaker.  Other speakers include AEG CMO Sean Dee, WME's Head of Digital Media Chris Jacquemin, and Yahoo! Sports's Director of Product Strategy Dana McGraw, plus many more!  Check out the PULSE Conference website for more details!

* The International Business Association is working with the African-American Students Association to put on UCLA Anderson's first-ever conference about Africa!  The day will highlight opportunities to invest and grow on the continent, with a fantastic array of speakers including MobileXL CEO Guy Kamgaing-Kouam, Sterling Energy Partners CEO Clyde Sotomey, and the Consul-General of South Africa's Los Angeles consulate, Cyril Sibusiso Ndaba. The conference will be on Thursday, April 21 here on campus, starting at 14:00. 

So to recap, you could expand your business mindset around the world, learn about different cultures, and become a more global citizen, all from within the confines of our beloved university in two weeks.  Not a bad deal!

-- Sreesha

Food Festival Continues to Grow

It's been a while since the blogeteers have posted, so let me give you a bit of a fill-in as to what's happening:

* The International Business Association is busy planning the International Food Festival, where we transform Alumni Plaza into a street market atmosphere with students running food stalls from a variety of different cultures.  I'm a step removed from the planning this year versus last year, but there are already more tables lined up than last year - which means more cultures represented, more food, and more fun! The festivities will be on April 8.

* Jason Arnott has made an instant impact on the Capitals.  On the ice, he gives the Caps something that they haven't had since Sergei Federov retired: a second line that draws defenses away from Alex Ovechkin's line.  Off the ice, he's been an instant mentor to Alex Semin, and has been a vocal leader in the dressing room.  Great move.

* Dennis Wideman doesn't have Mike Green's Norris Trophy ability, but can fill in very nicely while Green is on injured reserve.

* If the Football Association really wanted to incease the development of English players in the Premiership, they should turn the Carling Cup into a competition for English players only.  This doesn't violate the EU's labour laws because the clubs can still employ anyone from the EU for their other competitions.  Plus, it would give a deeper meaning the Carling Cup, which in my eyes struggles for relevancy compared to the more coveted FA Cup.

* Air Canada's threats to pull their sponsorship of the NHL if the league doesn't address head shots more carefully is hollow given how much Air Canada gets from hockey, but it brings up another point: as the NHL gains more national prominence, the league will be under a microscope for situations that even five years ago would not have been newsworthy.

* There seems to be more of my classmates staying in Los Angeles this Spring Break than I was expecting.  I don't know if that is a function of the economy -- feels like more people have jobs at this point than last year's graduating class -- or of higher oil prices due to the situation in North Africa, but I was rather surprised.

* Of course, it could just be that the point of a Spring Break trip is to go to a warm, sunny place with lots of beaches and girls in bikinis, and Los Angeles already fits the bill. 

See you on the other side of the break!

-- Sreesha

London Calling...

Fellow blogeteer Jesse Ferlianto reminded me today that it has been a long time since I've contributed to the blog, so you can thank him for the fact that I'm going to tell you all about how I spent the US Thanksgiving holiday. 

Last weekend, while most of you were enjoying the turkey and the NFL, a motley collection of 21 UCLA Anderson students went to London for the 7th annual career trek there.  This year, I organized it alongside three classmates of mine.  The trip is in conjunction with five other US MBA programs and is cut across three verticals: finance, consulting, and the newly-created sports / entertainment.  Across all of the schools, we were approximately 80 students.

The trek was a success all ways around!  Personally, I was on the sports / entertainment verticals, and the companies were extremely receptive to us being there.  We got to meet some very senior people from a variety of exciting firms, including the NBA, NFL, IMG, ESPN, Harrah's, Disney, Paramount, Fox, and NBC Universal.  Above all else, I learned that while they all work for US-based companies, they have loads of opportunities to expand their business in Europe - in many cases, moreso than their US-based colleagues, who are facing a fragmented saturation of the American sports market. 

I'm also really happy that the finance and consulting verticals came out really well, too.  On the finance vertical, we saw Prudential M&G (the asset management arm of the UK's largest insurance company), Aerium Finance, and State Street for asset management; Carlyle and Providence Equity for private equity; and Goldman Sachs, JP Morgan, Nomura, Credit Suisse, and Citi in investment banking.  The feedback I got was that the companies were all stellar, and within the finance industry there was a decent amount of variety as well. 

On the consulting vertical, we saw McKinsey, Bain, and BCG, as well as Deloitte, E&Y, PWC, A.T. Kearney, Roland Berger, and Gallup.  This was the longest vertical of them all: the first meeting was at 12noon on Wednesday, and the last meeting on Friday afternoon!  But the feedback I got was that it was worth it, especially given the breadth of the companies and divsions that we visited. 

I'm also very proud of how we at Anderson did in terms of setting up meetings.  We arranged all of the sports / entertainment vertical - the Anderson alums there were nothing short of fantastic for us - as well as 2-3 headliners in both of the other verticals (McKinsey, Deloitte, Prudential M&G, Providence Equity, Credit Suisse, and Aerium Finance).  Big kudos to Abhijit, Pete, and Vivek for helping me make this trip happen.

More than anything, I think we showed a lot of multinational companies that, contrary to popular belief, Anderson students are willing to seek out job opportunities outside of LA. We came prepared, had great questions, and were extremely professional as much as possible. 

One thing that US MBA programs are known for are these sort of career treks, where you get to visit a variety of companies in different verticals.  Anderson frankly has been lagging other schools in this endeavour, but hopefully as the London trip continues to expand, we will be able to catch up.  Organizing the trip is extremely rewarding because it gives you direct contact with all of the people that you want to keep up with anyway -- so now you have delivered something for them, which differentiates you from the rest of the crowd.

Bottom line: these are the trips that are so critical to the MBA experience, and this one in particular is one that you should keep in mind for next year should you get the chance to join us here in Westwood. 

Reach out to me off-line if you want more details!

-- Sreesha

Incubating new ideas...

Team, I need your help!

A few weeks ago, I told you about my classmate who started edilex, a company offering professional grade business contract templates to legal professionals and business people over the web.  (My regular readers probably did this already, but if you haven't, check it out at www.edilex.com).

Well, this quarter, I'm taking a class called Business Plan Development, which is exactly what it says on the tin.  My classmates who registered for the course came with some fascinating business ideas.  The final project for the class is a fully fleshed out business plan for a new business, plus a presentation to a panel of venture capitalists.  Many Andersonians use this class as a stepping stone to launching their business!

I'm working with one of my classmates who is looking to launch a sari rentals business.  The idea is similar to tuxedos: rather than buy something that you are only going to wear a couple of times at most, you can rent them, look fabulous, then return them back at a fraction of the cost and without the hassle of having to deal with them.

The business is still at concept stage, so you can give us a major boost by filling out the survey at this link and giving us your views and opinions.  It will take you about 10 minutes, so I greatly encourage all of you to do this - men and women, South Asians and non-South Asians.  Oh and feel free to pass this is on to anyone who might help!

http://ucla.qualtrics.com/SE/?SID=SV_5w2zmymvkHKnPE0

Thank you all in advance!  And your reward for this is that I will entertain you after the jump.

* * * * * * * * * *

Some random thoughts on the week that was:

* Our beloved Capitals are undefeated (8-0-0) when Boyd Gordon is in the lineup.  Is this just a coincidence? Or (as I believe) does he provide a consistent level of grit and faceoff expertise (the proverbial "little things), eat up valuable PK minutes, and is showcasing what made Jaromir Jagr once say that he would be a great player?

* Have to feel tough for Owen Hargreaves, who now appears to have suffered an anxiety attack during the match with Wolves on Saturday.  Oddly, I would believe that - this was his first appearance on the pitch in over two years, and there haven't been that many reports of him on the training ground.  Before his string of injuries he was a regular for England; here's hoping that he can finally get his career jump-started again.

* The top four teams in college football heading into this weekend were Oregon, Auburn, TCU, and Boise State - that's two teams not from one of the major conferences.  Could this be the beginning of the end of the dreaded BCS?  My view: not at all - the BCS is the greatest invention in the history of NCAA Football because anytime a college football fan hears "BCS", he immediately will stop watching any other sport and start talking NCAA Football - regardless of the time of year.  Instant newsmaker.  Genius.

More great ideas soon!

-- Sreesha

It's been awhile since my last post.  Lots to talk about. 

 * The Class of 2011 is off on summer internships.  I started a couple of weeks ago with Harrah's, the gaming company in Las Vegas.  It is a tremendous opportunity to see the gaming industry from the inside, and to get some experience with the entertainment firm that is best known for marketing and customer loyalty.  There are three Andersonians in three different divisions there this summer which also helps because we'll be able to share experiences and insights.  

* Most Andersonians have internships in Los Angeles, but quite a few people have scattered to the winds, including Europe and Asia.  It feels as though the big investment banks and consulting firms have started to hire MBA talent again.  Other classic MBA hirers have also increased ranks - the market feels more positive. 

* A lot of Andersonians are starting businesses this summer, or working on business plans.  I'm really excited about these opportunities for them.  They are really engrossed in their businesses - which is what it takes to make a small business successful.  I'd love to start a business as well but I don't have that one idea that I would dedicate myself to.  Don't make the same mistake I did this year - you can go to the Fast Pitch 101 seminars held by the Entrepreneur's Association even if you aren't presenting yourself, you can just go and listen.  I didn't realize that and regret not taking advantage of those seminars.  Suffice it to say I intend to rectify that this upcoming year. 

More updates soon! 

-- Sreesha

UCLA Anderson Entrepreneur's Conference

This Friday, May 7, UCLA Anderson will be hosting its annual Entrepreneur's Conference.  This is the 25th year of the conference, bringing together budding entrepreneurs, small businesses, financiers, and established businesses under one roof to discuss entrepreneurial ideas in various industries.  

Because so many of my classmates here at UCLA Anderson are eager to start their own business either now or in the future, this conference has become the signature event on campus each year.  There are some incredible speakers coming to the event from all angles.  It's open to the public as well -- you can get your tickets online -- so if you are planning to be in the Los Angeles area this weekend, it's definitely worth checking out. 

I'm organizing a panel focused on new media technologies in the sports business.  The panelists include folks from the NFL, ESPN, a division of CAA, plus a consultant and a digital media venture focused on the sports industry.  The other panels are also very fascinating for their industries as well, from finance to green tech to entertainment to fashion! 

As a first-year student here, there are many opportunities to be involved in organizing the conference.  It also is a great opportunity to meet people in the industry that you want to work or start a business in -- UCLA Anderson has many opportunities for that, but you can never really have too many. 

* * * * * * *

Thank you to everyone for their kind condolence messages on Thursday and Friday.  After the Capitals lost Game 7 to Montreal and were knocked out of the playoffs, I received so many thoughtful messages from family and friends.  At some point, I had to laugh; I don't know anyone on the team, no one died...but when you are emotionally invested in something that is taken away from you, it does leave you feeling very hollow for awhile, as Dan Steinberg of the Washington Post noted on Thursday. 

Most inspiring was Brooks Laich, who stopped to change a flat tire on the way home from the arena that night.  Here is someone with so much on the line in Game 7, with so much on his mind, and he still took the time to help a stranded motorist change a flat tire.  Incredible story. 

What can I say about my beloved Capitals that hasn't already been said?  

* we desperately needed a second scoring threat so that Montreal (or any other team) couldn't focus on Ovechkin and Backstrom.  Thus, it's hard to see where Alex Semin fits into the picture when he's gone goalless in 14 playoff games.  He's the most talented player in the NHL when he's on, but when he's off it's a struggle to see why he's in the lineup.  Not sure how much more patience Boudreau is supposed to have. 

* it didn't help that Semin didn't have a proper second-line center: Morrison has looked off since the Olympics, and Belanger never gelled with Semin the way he did with Fehr and Chimera.  Laich is better suited to the wing, and Fleischman is better suited to the press box.  Compare centers with Pittsburgh (Crosby, Malkin, Staal), Detroit (Datsuyk, Zetterberg), Chicago (Toews, Sharp) ... 

* Mike Green has been awful in the playoffs in the past two years as well -- I would argue that he's been passed on the depth chart by Tom Poti, John Carlson, Jeff Schultz, and possibly even Karl Alzner.  

* Boudreau was out-coached and had no good ideas other than the obvious, of putting Semin with Backstrom and Ovechkin.  I would have used Belanger-Chimera-Fehr on the power play with the first unit struggling.  I also think Knuble needed more ice than he got. 

* the only person with a Stanley Cup ring on the team is spare part Scott Walker. (Knuble was a spare part with Detroit in 1998, so I'm not counting that one). 

In all, this clip pretty much summed up the playoffs. Absolute bummer.  Can't wait for the slate to be wiped clean in a few months!