Category: Graduate Students
Congratulations to the MBA student team from the Richard Ivey School of Business, University of Western Ontario, Canada: Winners of the Boston University and Ericsson 6th Annual Tech Strategy Business Case Competition.
16 teams. 7 countries. $47.5K in Prizes: 6th Global Tech Strategy Competition
The School of Management has announced the winners of the School’s internal 6th Annual International Tech Strategy Business Case Competition. Four current full-time Boston University MBA students will go on to represent the School at the final round of the competition on March 24-26, where sixteen teams from top business schools around the world will vie for $47,500 in prizes.
Congratulations to Kevin Schlabach, Tarun Theogaraj, Neel Madhvani, and Anish Menon!
These students beat out seven other internal teams in their presentation of the case “Seeking a Viable Go-to-Market Strategy for Apple TV in 2011,” written by Boston University School of Management Professor N. Venkatraman, one of the most cited business scholars across the world.
About the Boston University International Tech Strategy Business Case Competition:
This event is an invitation-only 24-hour case competition to solve a market challenge focused on technology in business strategy and operations. Hosted in collaboration with market-leader Ericsson, the annual competition draws teams of full-time students from the world’s leading MBA programs as well as judges from leading IT firms.
It is devoted to recognizing the top up-and-coming MBA strategists who understand the transformative power of IT in business and to enabling student teams to showcase their talents to top players in the technology and telecomm fields.
Health Sector Management Program (HSM) is designed to prepare students for the rigorous and often challenging world of consulting. As the world shifts toward a more translational and accountable environment, new companies will require fundamental market analysis and advice. Even the larger, currently existing organizations need to evolve or risk being left behind. This holds true for both pharmaceutical organizations and hospitals.
Bio-pharma, academic medical centers, clinical diagnostics companies, and local as well as national companies are all represented in the diversity of the projects that the students pursue.
This course was developed by and is taught by Professor Bobbi Clarke, drawing on her deep knowledge of the field. Keith Aspinall has recently joined the Health Sector Management Program to provide a second version of the course to expand student opportunities.
A Truly Out-Of-Class Experience
Bio-pharma, academic medical centers, clinical diagnostics companies, and local as well as national companies are all represented in the diversity of the projects that the students pursue. This type of learning experience draws on the breadth of classroom education but extends beyond traditional course work to apply and further develop skills in a real-world setting.
The Health Sector Consulting course is a truly out-of-class experience. Students meet as a class only four times throughout the semester. The rest of the time is spent working on a live consulting project. Individual team meetings with the professor provide the groups with guidance along the way:
- The first meeting is the kick-off to discuss the consulting rules of thumb and organize into teams.
- At the second meeting, students receive background materials on their companies and projects. They are charged to define the primary objectives. How can they help this company?
- The third meeting, midway through the projects, brings all of the participants back together to have a group learning session. They discuss the challenges each team faced and also share their best practices.
- At the fourth meeting, the students will fulfill their final class deliverable, giving a presentation of their findings and recommendations to the companies.
Combining Core MBA Principles with Learning from HSM Classes
The projects challenge the students to take an ambiguous scenario and apply analytical and interpersonal skills alike to obtain information and get results in the face of adversity. They tackle questions about the marketing, financial, and operational sides of the organization.
The projects challenge the students to take an ambiguous scenario and apply analytical and interpersonal skills alike to obtain information and get results in the face of adversity.
Some groups focus on external factors of an organization through competitive analysis to determine threats to the business. Others look inward to restructure or enhance the operations. They apply not only their core MBA principles but the background gained from their other HSM classes.
Having completed a full consulting engagement from this course, the students have the confidence to proceed into the world with personal knowledge of the steps necessary to gather information, synthesize data, and present findings.
First Stop: Guatemala, in Support of the Primeros Pasos Medical Clinic
In Spring 2010, a group of first-year Boston University School of Management MBA Students launched the organization MBAid.
MBAid’s mission: To improve health care access to underserved communities through a partnership with the Primeros Pasos Medical Clinic in Quetzaltenango, Guatemala, while giving School of Management students the opportunity to put their skills to work and learn from other cultures.
“I knew we would provide Primeros Pasos with resources they don’t have access to, while they could give us the chance to make a significant contribution to improving health care access.”
– Rob Segan, Trip Co-organizer (MPH/MBA 2011)
Their first initiative: Bringing supplies, money, and their own muscle to the Primeros Pasos Clinic. From May 9-15, 31 students from Cohort D of the first-year MBA class, along with four significant others, traveled to the clinic, where one of the trip organizers, student Rob Segan (MPH/MBA 2011), had worked from 2005-2006.
Primeros Pasos, formed in 2002, serves 7,500 patients per year. Working with 14 area schools and 12 daycare centers, they bring groups of students to the clinic to test for parasites, receive doctor and dentist consultations, and participate in health education classes. Staff then follows up by traveling to these local schools a few days later, providing talks on topics such as hygeine and nutrition, and delivering any necessary medication to students.
Of the trip’s inception, co-organizer Ajay Mehta (MBA 2011) explains, “Our goal was to create a trip that was enjoyable, accessible to a large number of students, and would have a real impact. Adds Segan, “We got along really well as a cohort, and we thought it would be fun to do something as a group after the semester was over.“
“Primeros Pasos is an example of the high value, low cost health services being developed in low resource settings. BU students are learning about the realities of this kind of innovation while providing important assistance to the organization.”
– Mark Allan, Faculty Director, Health Sector Management Program; Director of Health Systems Development, Family Medicine, School of Medicine
“The Primeros Pasos Clinic is an amazing organization,“ Segan says. “They are incredibly cost effective: there is no overhead and all paid staff are Guatemalans receiving a local salary. They operate on a budget of $50,000, which is amazing when you consider how much they do with that money. I knew we would could provide them with resources they do not have access to, while they could give us the chance to make a significant contribution to improving health care access.”
The takeaways so far: Through fundraisers hosted by Neel Madhvani (MBA 2011), Mike Guigli (MBA 2011), and Sheehan Perera (MBA 2011), the MBAid team brought US$2,000 in donations to the clinic—enough to cover doctor and dental consultations, health education classes, and medications for 400 children—as well as 500 toothbrushes, a microscope donated by group member Meredith Childs, and 50 health education books obtained by Nadja Godschalk (MBA 2011) through a donation from the organization 4imprint.
While in Guatemala, the MBAid team provided a well-needed paint job to the outside of the clinic and built white boards and bookshelves for donation to schools involved with Primeros Pasos. They also weighed and measured children visiting the clinic, and co-organizer Borja Gomez-Rojo (MBA 2011) assisted clinic staff by teaching a health education class at a local elementary school.
“This was chance for our cohort to strengthen our bonds while helping Primeros Pasos. In addition to volunteering, we climbed an active volcano, ziplined through the rainforest, took salsa lessons, kayaked in Panajachel.”
– Kim Vo, Trip Co-organizer (MS·MBA, Health Sector Management, 2011)
The extracurricular activities: Comments co-organizer Rob Segan, “Guatemala is an incredible place, from its culture to the amount you are able to see and do in a few days. It was great to take travel there alongside people with whom you have so much in common, but often have only had the chance to know in the context of a classroom. We saw this not only as a chance to help out the clinic, but also to have an adventure together as a cohort.”
Adds co-organizer Kim Vo (MS·MBA, Health Sector Management, 2011), “This was a unique opportunity for our cohort to get to know each other outside the classroom and strengthen our bonds while helping Primeros Pasos. In addition to volunteering, we climbed an active volcano, ziplined through the rainforest, took salsa lessons, soaked in hot springs, and kayaked in lake Panajachel, all while taking in Guatemalan culture. This is an experience I’ll never forget.”
The video: Watch the BU Global Service group in action in Guatemala here:
(Video by JB Buensuceso)
Providing critical support to local nonprofits for the 10th year in a row
- Provide resource strapped nonprofits with the human and intellectual capital necessary to overcome organizational hurdles that have hindered each nonprofit’s essential mission from making maximum impact;
- Provide an opportunity for future business leaders to be exposed to the work and mission of the nonprofit community;
- Create an enduring spirit of partnership.
–Link Day 2010 Nonprofit Participant
On February 20, 2010, 60 Boston University MBA students gathered for a one-day consulting event that partnered local nonprofits with MBA student teams to collectively overcome significant organizational challenges.
Nine first-year MBA students organized this annual event in conjunction with BU’s Public and Nonprofit Management Club. The student teams participating were a conglomeration of first and second years, as well as full and part-time students with varied backgrounds in finance, marketing, strategy, technology, and public and nonprofit management.
In 2010, fifteen nonprofits participated in Link Day, yielding almost $50,000 in consulting services. The size, scope, and mission of the organizations varied greatly, ranging from local chapters of national organizations to exclusively local nonprofits. The full roster of organizations that participated and benefited from this year’s Link Day were:
- America SCORES
- Boston Alliance for Early Education
- Child Care Resource Center
- Concord Children’s Center
- Educational Development Group
- Elizabeth Peabody House
- Girl Scouts of Eastern Mass.
- Greater Boston Center for Healthy Communities
- Habitat for Humanity of Greater Lowell
- Home for Families
- LGBT Aging Project
- Marblehead Arts Association
- Mustard Seed Communities
- The Food Project
- Year Up
Before the event, each team visits its partner organization and works with the staff to identify and develop a project of appropriate scope. Then the teams design a viable, customized solution for the identified issue. On the day of the event, they work with the nonprofit representatives to create a strategy for its implementation. Capping off the day, each team presents its recommendations to the assembled participants and guests (students, alumni, and local business leaders).
Following the event, members of the planning committee follow up with the participating organizations to see how implementation of the business solutions are progressing, and to solicit feedback on the effectiveness of the program.
Link Day has a lasting and significant impact on both the nonprofit and student community. One nonprofit representative said, “Student team and advisor were excellent, patient, really listened to us and helped us unscramble our thoughts. They challenged us with good, tough questions, helped us think as a group and out of our comfort zone.”
Another nonprofit representative raved, “Link Day 2010 exceeded my expectations. The students are obviously intelligent and committed to improving our organization by participating. The group work sessions were very much a collaboration.”
–Molly Brown, Link Day 2010 Student Organizer, MBA Class of 2011
For many students, Link Day is their first encounter with the nonprofit community, helping them realize both the need that exists and the impact they can make through volunteering. One hundred percent of students who participated in Link Day reported that it was a valuable experience for them. One student attendee said, “It was great getting to work with an enthusiastic organization and a diverse group of students. It was also great to get real-world consulting experience.”
Another student shared, “It was very gratifying to see the enthusiastic responses our nonprofit had to our suggestions and to see a cohesive plan take shape.” When asked what he liked best about Link Day 2010, another student said, “The opportunity to spend all day focusing on a problem and provide a nonprofit with a different perspective, linking nonprofit with profit-thinking.”
Link Day, an important annual event at the School of Management, is the result of public and private partnerships, with underwriting for the 2010 activities provided by Citizens Bank, Liberty Mutual, State Street Corporation, The Perkins Foundation, and Boston University’s MBA Council. This support combined with facility and faculty support from Boston University led to 960 volunteer hours.
Watch a Link Day 2010 team in action
A global award recognizing a “commitment to social responsibility”
After winning the 2009 TeamMBA Award from the Graduate Management Admissions Council (GMAC) for a “commitment to promoting…social engagement,” Boston University has again been honored for “exemplifying a commitment to social responsibility through the actions of [its] students.”
This year, GMAC, an association of leading business schools around the world, has recognized Boston University with one of only six service awards, granted at a ceremony in June, 2010.
“The annual TeamMBA Award…recognizes schools that exemplify a commitment to social responsibility through the actions of their students and the school’s demonstrated support of these efforts.”
–The Graduate Management Admissions Council
Specifically, BU won the Service Award for Corporate and Social Responsibility, based on the School’s support of its annual, student-run event Link Day, organized with help from the School of Management’s Public Nonprofit Management Program. In 2010, this event aligned the business skills of 60 MBA students with the needs of 15 area nonprofits.
Last year, Boston University was the only school world-wide awarded GMAC’s overall institutional award for outstanding support of student involvement in social engagement “through school-led programs, services, institutional culture, and more.”
The School of Management’s receipt of these awards, along with the recent recognition of its Net Impact chapter’s top global status, highlight the growing international reputation of BU’s Public Nonprofit Management Program to attract, support, and help shape tomorrow’s leaders in social responsibility.
More about the foundation of BU’s Service Award for Corporate and Social Responsibility: Link Day 2010
One of Only Three Schools Across New England to Achieve Top Worldwide Status
Boston University’s Graduate School of Management (GSM) Net Impact chapter has achieved Gold status for 2010; it is one of only three graduate chapters across all of New England to receive this top designation, and one of only 16 in the world.
“Gold chapters are the most outstanding chapters in the Net Impact network. They are characterized by energetic members, dynamic leadership, and excellence in all that they do.”
-Net Impact Central
Net Impact is a global nonprofit, spread across six continents, that aims to “inspire, educate, and equip individuals to use the power of business to create a more socially and environmentally sustainable world.”
Gold chapters, the organization explains “are the most outstanding chapters in the Net Impact network. They are characterized by energetic members, dynamic leadership, and excellence in all that they do. They also…actively give back to the network by sharing best practices, mentoring other chapters, and working with Net Impact Central to improve chapter offerings.
The GSM Net Impact chapter is run by a group of the School’s MBA students and is supported by faculty and the Public & Nonprofit Management Program. This year, they have been joined at the School of Management by a new undergraduate Net Impact chapter.
See the full list of Gold and Silver chapter designees from Net Impact.
Joining new pipeline of entrepreneurs in the education sector
Three Boston University MBA students, Colleen LaMotte, Paul Kim, Scott Gullick, are joining twelve other emerging young leaders at top schools around the country as Summer Advantage USA Fellows.
Summer Advantage USA is a national non-profit organization that provides children grades K-8 with research-based summer learning programs focused on producing academic gains. They are also devoted to creating a pipeline of entrepreneurs in the education sector, and Colleen LaMotte, Paul Kim, and Scott Gullick are jumping aboard.
Having launched its Fellowship Program in the fall of 2009, Summer Advantage USA identified select students from a variety of fields, including graphic design, education, policy, and business from institutions including Boston University, Harvard University, the University of Chicago, and Princeton University. The Fellowship Program aims to providing research-based summer learning programs to 100,000 children annually.
According to Colleen LaMotte, who joins her Boston University MBA classmates Paul Kim and Scott Gullick as members of the inaugural cohort, “Summer Advantage’s Fellowship Program has allowed me to focus my business skills on building a philanthropic network for sustainable funding. I’ve not only strengthened my leadership and analytical skills, but I’ve also become committed to helping children have access to high quality educational opportunities.”
More information about Summer Advantage USA
Jablow (GSM ’10)
The Chronicle of Philanthropy spotlights Boston University School of Management MBA student Ashley Jablow’s blog, “Communities of Change.”
Corporate officials who focus on social responsibility are gathered in Boston this week for the annual Boston College Center for Corporate Citizenship conference, and Ashley Jablow, an MBA student [at Boston University], is keeping tabs on the meeting, which she describes as a “who’s who” from the world of corporate social responsibility. Follow her updates on her blog, The Changebase, or on Twitter@AshleyJablow. You can also get conference updates on Twitter with the hashtag #bcccc_conf.
Jablow, who graduates from the School of Management in May 2010 with a concentration in marketing, says of her dedication to blogging for corporate and global transformation, “I have five years of nonprofit fundraising. My goal for The Changebase is to build a platform where each of us can participate in a discussion of what positive change looks like in our communities and around the world.”
What’s next for Jablow? “I hope to use my new MBA training to land within a corporate social responsibility department after graduation,” she says.
Keep track of Jablow’s posts and progress at http://www.thechangebase.com/
Just some of the exciting transformations that occurred durng the 2008/2009 academic year in the Mathematical Finance Program at Boston University:
From the College of Arts & Science (CAS) to the School of Management (SMG)
Both the Masters and PhD MF Programs were successfully integrated into all aspects of SMG’s procedures this year. As we moved from CAS to SMG, the MA degree was transitioned to an MS degree, consistent with both SMG standards as well as competitor programs.
Sixty-six masters students and five doctoral students made this transition mid-year from CAS to SMG. With much assistance from the SMG Deans, the Programs were integrated into the Graduate Programs Office, Feld Career Center, and Admissions office, making the full roster of resources offered by all of these departments available to current students.
Corresponding course numbering changes were also made in order to conform with SMG standards.
Applications for Fall 2008 had increased 41% over the previous year–from 214 to 302–with average GRE Q scores of 775, which was the highest of any previous year. As the transition to the School of Management occurred when the SMG recruitment and application processes for the Fall of 2009 were well underway, it was not possible to develop adequate promotional and recruitment tools for the MF program that could affect the Fall 2009 applications in a meaningful way. Nevertheless, applications to the MSMF Program for the Fall, 2009 showed a further increase of 6.3%–from 302 to 321.
As of July 2, 2009, 50 applicants to the MSMF Program have accepted their offer of admission. Their average GRE Q score is 788 and average undergraduate GPA is 3.22. There were also 36 applications for the PhD program in MF, two students were offered admission and one accepted the offer.
Below is an overview of some of the changes being planned and implemented now, as the program continues to evolve:
- The School of Management is now in the process of expanding the MSMF Program from a 10 to a 12 course master’s program.
- Two new courses will be added to the curriculum: Portfolio Theory and Risk Management.
- Two current courses, Intro to Probability Theory and Stochastic Methods of Math Finance 1, will change their college designation from CAS and MET, respectively, to GSM.
- The course Introduction to Math Finance will be re-named Credit Risk.
- No courses will be offered during the summer session.
- After the first year, each student will engage in a full, 3-month summer internship.
- Students will now graduate in January, not September, of their second year.