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Monday, June 28, 2010

Lessons I've Learned

We will be dedicating the month of June to alumni posts. So, check back frequently to see what BYU MBA alumni have to say. And if you are an alumni with something to say, please send us an email with the topic you would like to write on. Our address is byumbablog@gmail.com.
-Blog Staff

I graduated from the MBA program in 2009, and I’m currently in a two-year Global Rotation Program (“GRP”) in Human Resources, a route for the brave or the undecided (or both in my case). I recently moved to London from New York for my second of three rotations at American Express. Having started in Executive Compensation, I’m now splitting my time between two HR generalist roles: supporting our customer service organization in Europe and also working on the structural design and change management process of a global recruitment transformation.


The learning curve of a rotation program has been steep, but the constant movement is exhilarating. I had the feeling upon rotating the first time that just when I was getting a good grasp on my first area, I was thrown into another. Nonetheless, as I think back on my first year post-MBA, I do feel significantly more seasoned than when I started. While part of this is feeling more comfortable with the skills relating to my job, the most important lessons I’ve learned have been around courage, self-awareness, and authenticity.


Don’t be afraid to be non-traditional: When I started the program I worried I didn’t fit the MBA mold. For those of us who didn’t take a direct route to business school, it’s tempting to gloss over a background that seems irrelevant to a future business career, or to limit our interests and activities to those that are resume-worthy. In reality, an MBA program caters to a wide variety of backgrounds and interests. I taught a freshman writing course during my 2nd year of business school, which puzzled many of my peers, yet honing my presentation and communication skills has proved invaluable in my career.


Play to your strengths: I have found that some of my most rewarding work experiences have been “extracurricular,” i.e., something outside my day job. During my first couple of months working in Executive Compensation, I volunteered to rewrite our section of the company proxy. In this case I felt my qualifications were two-fold: I liked to write and had but a cursory understanding of Executive Compensation, a perfect lens through which to explain the complex programs to shareholders who most likely knew even less than I did. While never part of my learning plan, this ended up being the most rewarding project I worked on. I was able to work with senior leaders from the General Council’s Office, Corporate Affairs and Communications, and Finance, and learned a great deal about the company and my area of work.


But don’t ignore your weaknesses: I’ve been surprised at how often someone has said, “Cynthia, you’re an MBA, how do you calculate [x]?” At those times how I wish I had been more attentive in first year finance. One of the challenges of business school is finding time to continue to take classes outside your major, but having a solid grounding in the basics is essential.


Business school was one of the most fulfilling things I’ve done. It has opened up so many doors and given me skills I continue to draw upon in every avenue of my life.


Cynthia Barlow, Class of 2009, OB/HR

Human Resource Manager, American Express

Current city: London, UK


Sunday, June 20, 2010

Four Success Factors for Surviving in an MBA Group

We will be dedicating the month of June to alumni posts. So, check back frequently to see what BYU MBA alumni have to say. And if you are an alumni with something to say, please send us an email with the topic you would like to write on. Our address is byumbablog@gmail.com.
-Blog Staff
Group work is the theme that pervades any valuable MBA experience. To succeed in an MBA program, or later on in business, or in a church calling, or on a sports team, or in a row boat --- you need to be able to work well in a group. Below are four things to consider that will likely help you maintain positive group experiences -- and keep you from rowing in a circle if you ever end up in a row boat.

1. Never burn a bridge.
Not every group will be a success and sometime in your life you will find yourself in a group with someone you have difficulties working with. It can be tempting to give up on salvaging a working relationship and let a group member know exactly what everyone else is thinking but will not say. Resist that urge. People come and people go; you never know when you will see someone again. George Bush and Dick Chaney were once rival peers in their class at Yale (not really, but you get the point.) A dysfunctional team member may end up working at the company of your dreams and may be your only foot in the door.

2. Choose wisely.
Some groups you cannot choose, while others you can. As you progress in your MBA experience, you will gain a better grasp of your performance standards, as well as the performance standards of your peers. If you get to choose your team members, choose individuals you will get along with who also share your work standards. This way you will be happy and they will be happy.

3. Be prepared.
Every group has a slacker, and if you do not know who the slacker is in your group, there is a good chance it is you. If you are not prepared, you will have a difficult time adding value to a group setting, and your group members will not have the confidence to give you the responsibility you need to shine.

4. Be genuinely positive.
Like it or not, good looks, intelligence, and a positive attitude are three success factors in life. You only need two of the three to get people to like you. While intelligence and attractiveness often lie outside of your locus of control, you can always change your outlook to become more positive. Never underestimate the power of being positive. It is contagious.

Rand Blair, Class of 2010, Marketing/Strategy
Web Analytics Consultant – Adobe Systems, Orem, UT

Sunday, June 13, 2010

Wall Street Farm Girl

We will be dedicating the month of June to alumni posts. So, check back frequently to see what BYU MBA alumni have to say. And if you are an alumni with something to say, please send us an email with the topic you would like to write on. Our address is byumbablog@gmail.com.
-Blog Staff

When I started the MBA Program I only had one desire and that was to never return to Wall Street!! I lived 6 years in NYC and spent 3 of those years chained to my desk. It was a great experience and I am so grateful for it; however, I had a strong desire to return to my farm girl roots.


As graduation approached (2008), I remember sitting in Professor Heaton's class and he asked us to send him an email one year out with an update. He mentioned that close to 50% of us would likely change jobs within the first year. I laughed at this because I had my next few years planned out....or so I thought.


Since graduating in 2008, my life has taken hundreds of unexpected turns. I worked for a year for a Private Equity firm in SLC and loved my job. However, I decided to marry and ultimately moved to Oklahoma City for my husband's job. We have been here for about 6 months and I am so grateful for the education I received in the MBA Program. It was the greatest preparation I could have in coming to the "wild west". 




Oklahoma City is different than most cities. Although there are over 1 million people, the financial markets are not highly developed and most do not have an understanding of capital markets or entrepreneurship. Given that constraint, networking has been incredibly challenging but rewarding. Through networking, I have utilized my knowledge and skills in a variety of ways, namely: 1) train individuals on critical business and communication skills, 2) research new investment opportunities for private equity firms raising capital, 3) teach a college seminar on entrepreneurship, and 4) work with undergraduates interested in investment-related careers.




The MBA program also changed my outlook on life. I went believing that there was only one choice for my career path, to gaining a superb education that has opened more eyes to seeing the opportunities are endless. I am currently expecting my first child in November and look forward to the undefined path that lies ahead, whether it is related to my family or to my career.


Rachael Hawkins Walker, Class of 2008, Finance

I am working part time for Graduate Capital (Private equity firm out of NYC), I have been teaching courses in Entrepreneurship and Business Style Writing, and have done some research for a long-only investment fund....among other things.



Tuesday, June 8, 2010

Why I chose an MBA

We will be dedicating the month of June to alumni posts. So, check back frequently to see what BYU MBA alumni have to say. And if you are an alumni with something to say, please send us an email with the topic you would like to write on. Our address is byumbablog@gmail.com.

-Blog Staff

My reason for getting an MBA may be completely different from yours, but I feel that regardless of a person’s reason for going to MBA school, the results are still very much the same: MBA students will become better leaders and team members in everything they choose to do. In my case, I chose to get an MBA from BYU because I wanted a solid back-up plan in case I need to financially support my family. I had always planned to be a stay-at-home mom, and I have been blessed to do so with my five children so far, but I also know there are no guarantees. My grandmother was widowed with five young children, and my mother was divorced with six young children. Both entered the workforce unskilled and undereducated and were paid accordingly. I learned from their experiences to have a back-up plan.


Both the degree itself and the network of contacts I developed while in school are valuable in the event I need to reenter the workforce; however, even if I don’t ever work full-time to support my family, my education from the Marriott School has proven valuable in other ways.


The first is leadership. President Gordon B. Hinckley said, “[Y]our education will strengthen your service in the church”. I have found this to be true. The leadership skills I gained in working as a team during the first year of the MBA program prepared me to be a leader in church auxiliaries. I manage my organizations (Primary, Young Women, cub scouts so far) as a team and have found that this yields excellent results. I anticipate a lifetime of church service for both my husband and I, and am grateful that I developed the skills in the MBA program to prepare me for that.


Another way my MBA has helped me is in developing organizational skills. I have always been an organized person, but I gained the tools to really be effective. In addition to helping with my callings at church, this has enabled me to organize several preschool cooperatives for my children.


Earning my MBA also helped me to understand finance. I am able to do the financial analyses to help my husband and I make sound financial decisions. In addition to managing our own household finances, I also help family and friends with taxes, budgets and small business decisions.


Overall, I feel I am better able to serve in my home, church, community, and, if I choose to, my professional career because of my education.


Stephanie Probst, Class of 2000, Finance Track

Stay at Home Mother of 5


Wednesday, June 2, 2010

VP of Finance

This is our last student body officer to introduce. Enjoy.
-Blog Staff

I'm a creature of habit. I went to BYU for undergrad and am now a 1st year MBA student majoring in finance. Why you ask did I come back to Provo after already having been here for four years? Because I believe this is *THE *most undervalued MBA program in the country.

Prior to coming to B-School, I worked for Bank of America in Los Angeles in their middle market banking group as a senior underwriter covering our General Industries portfolio. When I began narrowing down my list of top-tier MBA programs, it soon became apparent to me that I didn't have to look any farther than BYU. Where else could you be taught by Harvard and Stanford PhDs but not pay Harvard and Stanford prices?!! My family’s goal is to come out of B-School debt free. I would argue that my peers at other top-tier schools won’t come out of school debt free.

I would also put my plug in for the MBASA – MBA Spouse’s Association. It’s a wonderfully, well structured organization whose goal is to support help the families of MBA students adjust to the rigors of the program. Again, I’m a creature of habit, but, I wouldn’t trade this experience for any other school. Bang for your buck that’s my motto. Feel free to reach out to me for more of the inside scoop on BYU’s MBA Program.

Eric Fors, Finance, Class of 2011
Interning at: Whirlpool