The MBA Student Voice

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.

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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. 

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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! 

Applied Management Research -- my project

In the second your of your MBA experience at Anderson, you will be required to complete a two-quarter thesis project, referred to as AMR (Applied Management Research). Although there is an option to create a business (aspiring entrepreneurs, email me if you'd like more information about that opportunity, and I'll put you in touch with friends who are going the BCO -- business creation opportunity -- route).

My project has been amazing. On top of getting work with four talented, brilliant classmates, I've been getting valuable real-world consulting experience. Our field study engagement is focused on improving the operational efficiency of a Ghanaian health care facility called Korle Bu. Korle Bu is the largest provider of medical services in Ghana, and is the teaching hospital associated with the University of Ghana. It's located in the capital city of Accra, and three of my teammates were there last week doing extensive research on the current practices employed by the hospital. In January, I'll have a turn to visit -- by then, we will have a set of recommendations and will take advantage of another week on the client site to test them out and put on the final touches. The project will conclude with a final presentation in early March.

Anderson is in the House - Get Going on Your Career

Hey Everyone,

Hope all of you out there in cyberspace are doing well. It is getting harder to come up with a catchy article title - hopefully I didn't disappoint. I have been getting emails from some of you (you really like me, you really really like me! .......sorry, I just had to pull a Sally Field). Okay, what was my point? Ah yes....I have been getting emails about my blog and general questions about the application and MBA environment; I am glad some of you got some use out of this. Feel free to contact about me about anything like the application process or why the heck you should even care about an MBA or whatever else is on your mind.

My week has been has been a little less hectic, although I am still writing this blog at 10pm, so not sure what that means. I'm a night owl I guess. I have been spending a lot of time working on my resume these days. The Parker CMC and my lovely ACTgroup have given me some good tips and pretty much inundated me with comments and revisions - but it's all good. It's amazing how much you improve with a little constructive feedback. My resume has gone through three revisions and will be seen another two times before I submit my final version to the career management center. Company recruiting has been picking up lately too. It's getting near that time when we will be applying for upcoming summer internships - oooh scary! I have also been practicing my 30-second pitch in the shower - hey! practice makes perfect - don't judge. FYI:  a 30-second pitch is a succinct and memorable way of describing yourself (in 30 seconds) to recruiters at company events. Now comes the next hard thing - coming up with a list of companies I am interested in working for. Yikes. Again, my ACT teamcomes to the rescue. They gave me some templates for how to evaluate companies and how best to pitch to to them. For those of you who haven't been reading my previous posts (I shudder at the thought), the ACT group is led by two second year students who have been there and done that when it comes to first year recruiting. They lead a session every week or every two weeks and basically keep you on track. With all the fun college times to be had, we definitely need people to keep us in check. The ACT coaches, which are the 2nd year students, guide you through all the elements of recruiting from learning to handle yourself at company presentations, preparing a rockin' resume, marketing yourself, to grabbing an interview, among so many other delicious things. I am part of the Strategic Ops and Management ACT team. There are also a gazillion databases available to Anderson students (including our large and helpful alumni database). These databases contain every company known to man (or woman) based on industry or location or whatever other manner of search criteria you choose.

Okay, some of you may be wondering what this poor blogger does for fun. Is she all about resumes and internships? I must dispel that opinion at once! Aside from getting some exercise on the weekends and checking out the town, I joined Riordan Scholars on campus where I will be mentoring high school students. I've also attended so many fantastic workshops offered through many campus clubs. One in particular that I just attended yesterday was titled "Launching an Internet Business in One Hour." How awesome is that? The speaker had launched several of his own companies and basically gave us an insiders look at some of the most common pitfalls to avoid and some of the great resources to take advantage of.

I am also itching to try the indoor rock wall at the John Wooden campus gym. It looks awesome. I just need to carve out some time and go.

Alright folks. It's been a pleasure as usual. Until next time!

Anderson Guide to MBA

Hi Everybody!

I'm back again for yet another delightful post - okay, I'm a little bit chipper today even though it's 11:37pm and I am catching up on some homework and also writing this blog. Now for those of you who are freaking out as to why I am up so late, let me tell you now that this is not unusual - well not for me. You see, as most of you might have read in my previous posts, I am a little unsure of what my career focus should be. Therefore, I ended up joining a ton of clubs to learn a little bit more about various industries and job functions. So, instead of having some nice quiet afternoons with my books, I've been in one company presentation after another. Don't get me wrong - I have enjoyed each and every meeting and only wish it were humanly possible to attend all of them. But the art to being successful in anything is having a good balance. So today, I decided to forgoe my club events and company meetings in order to catch up on homework.

There are still more events to come so I don't think I missed out too much. So, I'm feeling good because I have a better handle on my classes and ALSO because I just finished my ACT group meeting. ACT stands for Anderson Career Teams and is a small group that every student is assigned to based on their interests. I picked the strategic operations ACT group because I have an interest in operations and figure that this group paired with all my other clubs will nicely round out my plethora of informational sources. We just practiced our 30-second elevator pitches for potential recruiters. It was a really great session in that we discussed the pros and cons of different approaches and I received some valuable takeaways.

So back to the main goal. I laughed when I read my earlier posts because I sounded utterly lost. But surprisingly, due to the lack of time, I have quickly narrowed down my focus. There is simply no time to manage classes and eight different professional clubs. So, I've had to pick and choose which club sponsored events were more important to attend. It's amazing what you learn about yourself when you don't have a lot of time to waste making a decision. So here it is - the career options I am interested in: Strategic operations, finance, and business development (entrepreneurship). The industry I am most excited about is renewable energy - simply because it is cool to be part of the future (I got inspired during a recent club event). But I am also happy with high tech, manufacturing, or bio tech. Pretty much any industry will do.

My next task is to reach out to 2nd years and alumni for their take on the internship experience as well as any advice they might have. The great thing about Anderson is that the student body and alumni have been extremely helpful. I have not come across this degree of helpfulness in any other place - it really feels like family out here. Alright.....I'm getting a littly mushy. That means it's time to go to bed.

Until next time!

Knock! Knock!

They say you better be ready when opportunity finally comes knocking on your door, but it doesn’t seem to apply to Anderson’s MBA program.  Here, you see, opportunity is a 300-pound sumo wrestler who will knock down your door and throw you in the street in your underwear.  At least that is the way it has felt to me so far.  The following is a list of professional opportunities that were made available to me during the last week only.  Granted, they might not all lead to something, but my point is that finding them was exceedingly easy; I either sent an e-mail or received an e-mail.  Keep in mind that I just started the program.

The first thing I did was to write to a few second year students to discuss their summer internship.  Next thing I know, I was speaking to the president of DCF Ventures, a consulting company that seeks to help researchers on campus commercialize their inventions.  I did not come to Anderson with that kind of career in mind, but considering my experience as a mad scientist I would find it very interesting.  I have applied for an academic internship with DCF, and we will see if I am selected.  In addition, second year students have allowed me to start making contacts at Amgen.

As you might remember, the CEO of DaVita made a strong impression on me, and I am hoping to visit Davita’s facility as early as next Friday.  If I am selected for DaVita’s Day on the Job event, I will get to visit the local facility, lunch with people who work there, and have my questions answered directly by the company.  Finally, I just participated in an All-Anderson networking event, where I met a fully employed MBA student with interesting ties to a growing tutoring company.  It’s just that easy!

–Simon

Another Adventure in the MBA Career Search

Hi Everyone,

As you all know, I am a first year MBA student and already riddled with questions regarding what career I should focus on. If any of you read my previous post, you'll know that I am still in the process of deciding - sigh. Yes, I am a bit overwhelmed. But like all those before me, somehow I will manage to get through this, especially with support from my fellow students and faculty at the UCLA Anderson School of Management. Yes, that was a plug for my school, but hey, when it's the truth what does it matter?

Okay, let's get real. With my background in accounting, I could fair reasonably well in consulting (would be like working for the Big 4 - long hours but a variety of interesting projects and clients), finance (but then why did I come to MBA school when I could have found a finance job on my own), entreprenuership (not exactly sure what this is but it sounds cool), and a whole assortment of other areas. I think the areas that would instantly get me labeled a career switcher if I chose them are Marketing, Investment Banking, Human Resources, or say, Sports Management. Nothing against these avenues, but I decided that I need to pursue a field where I can leverage off of some of my skills. That's not to say I couldn't switch completely if I wanted to, but quite honestly I enjoyed being an accountant - at least parts of it. So why go off on a completely different course?

So, I just completed my second week of orientation. There were so many fun events! We did a ropes course where you have to basically compete with yourself the whole time and learn to trust your team members. You learn a lot about your determination and courage and also learn that your class is comprised of many awesome individuals. I came over my fear of the dreaded 40 foot log (or however high it was) and stood on top of it. Then I jumped off of it and sucessful grabbed a trapeeze bar several feet away - my legs were shaking the whole time. Sheer determination kept me from falling I think. Okay, enough sap. For the readers who are still with me, thanks for hanging in there. Back to business. Suffice it to say that I met a lot of people because Anderson put together these amazing events that just naturally made you bond with members of your team. After talking with several of them, I realized that I am not the only one confused about which career path to take.

I attended a one-on-one Parker Career Management Center (CMC) meeting last week and had the chance to talk to a counselor about my career options. It was really helpful. She gave me a guide as to how to do some introspection and see where my skills and desires align. The Parker CMC also put together this really comprehensive and insightful package explaining all the different career options, tips/tricks for recruiting and resumes, and quiz sheets and assessment tests to help me figure out what types of careers migh be suited to my interests and skills. I have my work cut out for me.

This coming week is going to be fun as well. After doing some community service with Junior Achievement we all get chance to pick our Anderson Career Team (ACT). This team will provide all sorts of career guidance throughout the MBA experience. Will let you know how that goes.

Until next time!

De-blasé-fied!

I am so jaded I would probably yawn at my own funerals.  Personally, I blame Hollywood movies and video games for murdering my awe, but every now and then something makes me go “Wow!”  Of course, I am too blasé to actually say it out loud, but nonetheless…  Thus, imagine my surprise when I had two such moments this week only, and this is only my second week as an Anderson MBA student.

My first “Wow!” popped out on Wednesday during a presentation by Kent Thiry, Chairman and CEO of DaVita Inc.  I will not bore you with details depicting how Mr. Thiry brought the company back from the dead over the last ten years, although the end-results are impressive.  Instead, I want to mention why I think Mr. Thiry has been so successful; he understands that happy employees have no incentive to leave or work poorly.  Big deal?  I think so, considering DaVita Inc. has over 15,000 employees.  How Mr. Thiry does it on such a big scale completely mystifies me, but it might have something to do with the fact that DaVita actually seems to take its values seriously.

My second “Wow!” moment was triggered by Pr. Al Osborne, Senior Associate Dean at Anderson, and entertainer (from what I can tell!).  I will not bore you with his accolades, for they are numerous, but I’ll attempt to recount an especially interesting part of his story.  Early in his career, Pr. Osborne decided that he wanted to promote entrepreneurial businesses, but was told that it was just a stupid idea that would kill his career.  Unsatisfied, he left his job for a position at UCLA, where he eventually founded the Price Center for Entrepreneurial Studies.  The Price center oversees teaching, research, extracurricular, and community activities related to entrepreneurship.  How’s that for seeing one’s vision come to fruition? 

–Simon

UCLA Anderson - Choosing a MBA Focus

Hi Everyone,

Welcome to my first official blog. I am a first year MBA student at the Anderson School of Management. School has not yet begun, but I just attended a one-hour Q&A session at the Parker Career Management Center, which is a group that helps MBA students find internships as well as choose a career specialty (for those of us, like me, who are still not sure in which direction they want to go). The information session was informative to say the least. The discussion touched upon things like recruiting timelines, recruiting tips and tricks, and research tools and people that might help students decide on a MBA focus.

So, yes, the session was informative. Do I feel completely overwhelmed now? The answer is YES. You've heard it before, but I will say it again, students who know what they want to do with their careers have an easier time in MBA school. What the Q&A session reminded me is that B-school moves fast and decisions like career focus (and by extension the clubs you want to join) must be made within the first few weeks of starting school. The reason being that the summer internship recruiting process starts in the fall/winter.

So what am I to do? Some might call me a career-switcher, but I like to think of myself as an explorer - which still doesn't make it any easier but sounds cooler. I am not sure what I want to do, and I came to B-school to, dare-I-say-it, explore my options. Well, hope is not lost. I am not the first MBA student to feel this way, as the folks at the Q&A session reminded me, and I won't be the last. Countless students like me have made it work, so why can't I? The one great thing was that UCLA Anderson made me feel like they were there to support me in any way possible through one-on-one counseling sessions and other events. They also have second-years and a huge alumni network who are there to share their experiences and advice regarding summer internships and careers.  

I invite you all to join me on my quest in determining which career direction I should go. Will it be finance, entrepreneurship, marketing, strategic operations, consulting, or back to my previous career in accounting? I will describe the events I attend, the people I talk to, and the research I do to help me make a decision.

Until the next blog fellow explorers!