BBA News

10/29 – Entrepreneurship Live: Cotter Cunningham, CEO, RetailMeNot

 The Herb Kelleher Center for Entrepreneurship and Brett Hurt, Entrepreneur-In-Residence are pleased to present

 

Cotter Cunningham, CEO, RetailMeNot, Inc.

Tuesday, October 29, 2013

AT&T Conference Center, Room #201

5:30 Registration, 6:00 Program and 7:00 Reception

RSVP:  http://tinyurl.com/EIR-Speaker-Oct-29

Moderated by Brett Hurt
Entrepreneur-In-Residence

  
Cotter Cunningham is the founder, president and CEO of RetailMeNot, Inc., the world’s largest online coupon and deals marketplace. Founded in 2009, RetailMeNot, Inc. has 300 employees with offices in the United States, United Kingdom, Germany and France. In 2012, the company facilitated an estimated $2.5 billion in merchant sales. RetailMeNot’s portfolio includes RetailMeNot.com and VoucherCodes.co.uk – the largest online coupon sites in the United States and United Kingdom, respectively. The company has raised approximately $300 million from investors including Austin Ventures, Norwest Venture Partners, Adams Street Partners, Institutional Venture Partners, JP Morgan and Google Ventures.

Prior to RetailMeNot, Cotter was the COO of Bankrate Inc. (NYSE: RATE) for seven years, taking the company public and growing its revenues eight-fold. Cotter also was an executive with interactive agency VML and H&R Block, where he worked primarily with its CompuServe subsidiary. He wrote the book Your Financial Action Plan: 12 Simple Steps to Achieve Money Success. He has an MBA from Vanderbilt University and lives in Austin, Texas.

10/24 VIP Speaker Series – John Donahoe, CEO of eBay Inc.

The Undergraduate Business Council of the McCombs School of Business is pleased to present John Donahoe, CEO of eBay Inc.  as guest of this Thursday’s VIP Speaker Series. 

 

John Donahoe, CEO of eBay Inc. 
Thursday, October 24
5:30 – 6:30 pm 
HOGG Auditorium

 

 

 

 

 You can look forward to an insightful and exciting conversation between John Donahoe and McCombs host Associate Dean David E. Platt.  Here is a brief overview of Mr. Donahoe’s accomplishments quoted from the Fortune article “eBay is back!” (February 2013):

  • Under Donahoe’s leadership eBay has undergone a remarkable transformation, shifting from its original (and flailing) mission — online auctions — to a full-service e-commerce operation that helps big retailers such as Home Depot (HD), Macy’s (M), and hundreds of others navigate the complex world of mobile payments, online comparison shopping, and same-day delivery.
  • Analysts say Donahoe deserves much of the credit for pulling off that rarest of feats in the tech world: a company turnaround.
  •  Venture capitalist and eBay board member Marc Andreessen: “If Steve Jobs or Mark Zuckerberg are the templates for the founder CEO, then I think John has become the template for the professional CEO.”

 

John Donahoe serves as the Chief Executive Officer and President of eBay Inc. since March 2008. Under his leadership, the company has become a global commerce platform and payments leader, with revenue of $14.1 billion in 2012.

John joined eBay in March 2005 as President of eBay Marketplaces. While in this position, he focused on expanding eBay’s core business. He oversaw many acquisitions including Shopping.com, StubHub and other classified sites.

In addition, he currently serves on eBay Inc. and Intel Corp. Board of Directors. Before eBay, Mr. Donahoe spent more than 20 years at Bain & Company and served as a head of the San Francisco office overseeing 30 offices and 3,000 employees worldwide.

Mr. Donahoe’s education is impressive in itself, as he graduated from Dartmouth College with a B.A. in Economics with highest distinction, and earned his M.B.A. from the Stanford University Graduate School of Business where he was an Arjay Scholar.

————————–—–
The VIP Distinguished Speaker Series strives to bring the most influential and relevant business leaders to speak to UT students regarding current matters. We encourage a large number of UT students from various majors and backgrounds to attend the events. Each event is 1 hour long, consisting of a 30-minute interview portion, followed by 30 minutes of Q&A from the students in attendance. Doors close right as the event starts, so please arrive early.

This event is organized by the Undergraduate Business Council. UBC would like to thank the Computer Science Department and the Office of Student Life for their support.

http://www.mccombs.utexas.edu/Calendars/Speakers/VIP.aspx
http://new.mccombs.utexas.edu/BBA/OSL/UBC/Programs/Careers-Programs.aspx

For updates on the VIP Distinguished Speaker Series, or any of UBC’s other great events, like them on Facebook at:
http://www.facebook.com/texasbusinesscouncil

or follow them on twitter at:
https://twitter.com/texasubc

Nine Habits I Learned in Paris

“This summer the Parisians taught me how to relax, take in my surroundings and enjoy life.” Angelica Van Horn spent her summer in Paris, France studying Accounting through the MPA Paris Short-Term Study Abroad Program. During her time there, she quickly noticed the cultural differences and learned a few things along the way. If you would like to be part of the MPA Paris Program this summer, enter the lottery now before it closes this Sunday, October 20!

 

 

 

1.    Turn the phone off and take it all in

“I spent a lot of time admiring the buildings and scenery, from visiting parks to walking around neighborhoods. When we walk around in America we are absorbed in where we have to be, when we have to be there and what is going on, on our phones. But while in France I barely used my cell phone and was really able to take in my surroundings.”

2.    Pass on the Golden Arches

“I ate actual meals instead of fast food and snacks all the time. In Europe there are very few fast food restaurants, so I ate better because most restaurants are sit down restaurants where we had a full three course meal.”

 3.    Save the ozone, travel together

“I became accustomed to using public transit and walking to travel long distances. It was so much easier to ride the metro, walk or bike that I got used to the extra exercise every day.”

 4.    When you can’t fill in the bubble, write it out

“Professors mostly gave short-answer or essay tests as opposed to multiple choice, which is how exams are given to me here at UT. I learned to really form a full answer as opposed to trying to guess the best option.”

5.    Shop fresh

“I shopped for groceries more often, because of the small refrigerator size only a few days worth of food would fit.”

 6.    Enjoy the elements

“I slept with the window open all the time because they do not have air conditioning. This actually helped a lot when I returned to Texas because I wasn’t constantly too hot and didn’t need to crank my air conditioner. It actually saves me money on utilities now.”

 7.    Don’t chew when your professor’s mouth is open

“I did not eat as much during class, in Europe it is considered to be rude to have snacks during class. However our specific professors were lenient with our breaks since we were in class from 9-1. Still, I did not snack near as much I do here in Austin.”

 8.    Appreciate a bad server

“I became accustomed to acknowledging servers only when I needed them instead of having them constantly coming to my table. It was weird at first for the servers to hang back, but after a while I discovered that it made conversation much easier without the constant interruption of servers asking if you need anything.“

 9.    Play it safe: order well-done

“ I really don’t like my meat still mooing when it’s served to me. I usually order meat cooked medium, but this meant bloody in France. I ordered my steaks as well done because their version of well-done was the equivalent to our medium.“

 

To learn more about study abroad opportunities, visit the McCombs International Programs page.

 

 

3 Day Startup Austin

The 3 Day Startup (3DS) challenge is every young entrepreneur’s dream. The idea is to start a technology company over the course of three days. A group of 40 students with a wide range of backgrounds including Software Engineering, Business, Graphic Design and more have been recruited to participate in 3 Day Startup Austin, October 18–20. Food and beverages are catered in and top-notch entrepreneurs and investors are brought in to mentor the students throughout the weekend. Students will brainstorm Friday and then vote to pick the top 5–7 ideas to be developed the rest of the weekend.The program culminates in a pitch and demonstration to a panel of VCs, entrepreneurs and investors. The panel provides feedback and advice to help teams move forward past the three days.

Prototype presentations will be given Sunday evening and are open to the public at the Austin Technology Incubator. The end goal is to build up enough momentum to sustain the company after 3DS. Over the course of the weekend, students will create a business model and prototypes, make contact with potential customers and, take advantage of networking opportunities to build professional and personal relationships.

Ten McCombs BBA were recruited to compete in this weekend’s challenge. Meet some of the competitors!

Sara Bhamani – Finance ’15

Specialties: Marketing and Financial Analysis

“I applied to 3DS because I want to build a network of students who are just as passionate as me about starting their own business. By attending 3DS, I will learn how to market and validate an idea, pitch to investors, and start a business. In short, I hope to be one step closer to being an entrepreneur.”

 

Alan Rochard – Prospective Finance ’16

Specialties: Crypto-currencies and Digital Financial Transactions

“Ideally I’d like to get involved with a start-up interested in micro-financing ventures through the use of digital currencies. I’m also very interested in meeting and networking individuals interested in entrepreneurship and the creation of paradigm-shifting companies.”

 

Ima Linzag – MIS ’16

Specialties: Graphic Design and Business

“Being a part of 3DS is a great way to be able to see an idea come to life at an accelerated pace. I applied for the program with an idea in mind, and I really want to get feedback on what improvements can be made and how I could make it grow in the real world. I also hope to gain some insight and ideas just from the general atmosphere and other entrepreneurs throughout the weekend.”

 

 

Ronald Formusoh – MIS, Certificate in Computing, Dec. ’14

Specialties: Coding in Python and General Coding

“I will present one of the projects I have been working on for about a month now at 3DS and see if it gets worked on. I hope to get connected with like minded individuals who have ambitions of starting their own business. I hope to get more experience and first hand knowledge of how to get a startup going.”

 

Pedram Rahmanian – Consulting and Change Management major, Marketing minor, BDP Certificate in Innovation, Creativity and Entrepreneurship – Pre-Medicine

Specialties: Lean-Startup Techniques, Rapid Validation, Design Thinking and Marketing

“I am currently working with my partner, Johnny Van on a platform aiming to simplify the home-buying process. We have been working for months validating the ideas, reshaping the vision, and aligning strategic partnerships. From 3DS we hope to find a team of technical partners that can share our passion for the project and help us bring it to life!”

Joshua Baer, Serial Entrepreneur, offers advice to students

When asked what he does, Joshua Baer, founder of Capital Factory, the largest startup incubator and co-working space in Austin will tell you “ I help people quit their jobs and become entrepreneurs.” The Herb Kelleher Center for Entrepreneurship hosted an interview with Baer as part of the Entrepreneur in Residence Speaker Series. Conducting the interview was current Entrepreneur-in-Residence himself, Brett Hurt who is also a Serial Entrepreneur and Co-Founder of ratings and reviews software, Bazaarvoice. Hurt and Baer are both personal and professional friends. Eager to hear Baer speak, all seats were filled quickly, including 26 McCombs BBA students.

Baer’s first startup was founded in his dorm room at Carnegie Mellon University in 1996, which set his career as a serial entrepreneur in motion. Along with founding Capital Factory, Baer is the Chief Innovation Officer of Return Path and is the most active email investor in the world. He also teaches a class at UT for student entrepreneurs as part of the Longhorn Startup Program.

Baer offered valuable advice to young, student entrepreneurs; “It’s an incredible time to start a company, so do it now because it’s only going to get harder. You have a huge advantage in that you don’t have a life yet. Overtime life accumulates, as you get older you become involved in other things, you have more responsibilities and before you know it you have a family. Start now when you’re able to put in twice the time and effort.” Another adage was something he has learned along the way while running his own startups, “When you start a company, make plans that allow people to make mistakes, because people will make mistakes.”

When asked what is the most promising trait of an up-and-coming entrepreneur, Baer was confident in his response; “First I would say the ability to make good decisions with less information because I find that more and more important as my career progresses. It’s something you have to be able to do. Secondly and most importantly, the number one thing necessary to make it is passion about what you’re doing.” He attributed passion and belief in yourself to overcoming the challenges entrepreneurs face; “How do you believe in yourself and know you’re right versus crazy?”

If you’re on the hunt for an inspirational and motivating read, Baer offered three recommendations: “The One Minute Manager” by Ken Blanchard; “The Hypomanic Edge” by John Gartner; and “Think and Grow Rich” by Napoleon Hill.

Baer and Hurt are extremely active on Twitter. Tweet them at @JoshuaBaer and @bazaarbrett.

Congratulations to the Fall 2013 Faculty Honor Roll!

The Undergraduate Business Council and BBA Programs Office awards the Faculty Honor Roll to faculty members who performed exceptionally well in the previous semester. Recipients are chosen based on the overall instructor number as well as other evaluation points that are important to students. There is a set minimum number of students taught and for the percent of students completing the course evaluation. Congratulations to the dedicated instructors chosen for this honor!

Fall 2013 Faculty Honor Roll

Dean Bredeson
Fran Pedersen
Gail Gemberling
Garrett Sonnier
Greg Hallman
Jade Dekinder
James Miller
Janet Riekenberg
Kyle Lewis
Prabhudev Konana
Robert Prentice
Shun-Yang Lee
Susan Broniarczyk

Ken C. Hicks – President and CEO, Foot Locker, Inc.

It was easy to spot VIP Distinguished Speaker Ken C. Hicks, President and CEO of Foot Locker, Inc., dressed in a clean-cut, handsome suit and tie matched with a pair of Nike Lunarglides (his current favorite). Mr. Hicks had a relaxed composure and down to earth tone.

He attributed his strong leadership skills to his time in the Military, explaining that in life or death situations, people look for a leader they can believe in and trust. He has carried this same discipline with him into the world of retail, which is not only applied to him, but Foot Locker, Inc. associates as well. Mr. Hicks values employees that can develop others, “Be honest, think, and try your hardest. It’s all about those who develop others. The best way to develop people is by caring. Care about them, listen to them, understand their needs and find ways to give them the opportunities they need to grow.”

He has also learned to surround himself with people that think differently than he does and appreciating what they have to offer. He encourages people to challenge him as opposed to doing what they think he wants them to do, “It’s better to do what you think is right and be corrected than to do what you think someone wants and be wrong.”

Mr. Hicks encouraged students to try new things and become well versed in more than one industry, “Work in other areas. Feel uncomfortable because that’s a good way to differentiate yourself. Maybe you love finance and that’s fine, but why not learn a little marketing too?”

And yes, the question in the back of everyone’s minds was answered: Mr. Hicks owns over 80 pairs of shoes.

Throw a $3,000 Pitch

If you’re one of those people that could sell a snow cone to an Eskimo or you have a good understanding of numbers and how they work, you should compete in pitching stocks. The Texas Stock Pitch Competition, hosted by the University Securities Investment Team (USIT), is on Saturday, Oct. 19, in CBA 4.328. Open to all majors, teams can include 2 – 4 people. The registration fee is $40 per team, giving each team a shot to win a $3,000 cash prize.

 

How the Stock Pitch works

On the day of the competition, each team presents an investment idea to a panel of judges about a company of their choice. The panel includes judges from investment banks, hedge funds and private equity firms. The presentation includes a discussion of their idea behind the investment, the qualitative and quantitative aspects, and end with answering questions from the panel. Teams are given 15 minutes to present followed by five additional minutes for questions. Out of the 12 – 16 groups that compete, the top four teams are chosen to advance into the final round. During this portion of the competition teams will give a more in-depth presentation of their investment idea and hold another Q&A session. Additionally, they must field a cross-examination session by an opposing team.

 

Make it Pitch-perfect

“The best preparation for the stock pitch is to understand every part of the company. Both during the presentation and the Q&A session, the best strategy is to be knowledgeable about the company you’re investing in – understanding the company will allow you to identify the company’s competitive advantages others may not see,” explains Stephen McGarvey, USIT Director of Marketing and McCombs junior.

 

Angela Morisette with teammates John Connell and Parker Kim

Stock Pitch Champions

Marketing major, Angela Morisette, is an active member of USIT. “The USIT mission is to extend the education about finances and investments to the university as a whole. That’s why we really encourage all majors to compete, because everyone can learn more and have fun with it.” Angela has competed in many stock competitions with teammates John Connell and Parker Kim. Over the past two years their team has won three first place titles and two second place titles. Most recently, the team was personally invited to compete in the Michigan Undergraduate Investment Competition, which is the largest and most prestigious stock pitch in the country. The trio will represent Texas in the competition Saturday, Oct. 26, as they go head-to-head against other schools such as Stanford, MIT and Wharton.

 

Enter today!

Sign up now to compete in the USIT Texas Stock Pitch Competition on Saturday, Oct. 19. Breakfast and lunch are included in registration fees and teams that register prior to Oct. 12 are guaranteed a free event t-shirt.

McCombs BBA student prepares for first finance course by winning (virtual) 4.5 million in a market trading competition

This summer, Markit, a financial infrastructure and risk management company headquartered in London, England received about 1,500 applications for the Summer Intern Program. Only 5% of applicants were accepted, one of which was Evan Watts, MIS ‘15. He worked in Dallas, TX as a Development Intern, documenting the installation processes of Markit’s financial software for developers and clients.

Evan is fond of the way Markit operates for various reasons; “There’s beer in the office on Fridays. Also, every employee is required to take one paid day-off for philanthropic activities.” Markit also hosted games of “whirleyball,” which Evan described as playing basketball in bumper cars with a whiffle ball. Another part of the company culture that Evan would soon come to enjoy very much was the trading competition for interns. Evan had never taken a Finance course and had no experience with trade markets.

Markit interns were given access to a virtual trading market to compete against one another as well as interns from competing companies worldwide. The simulator updated in real-time and therefore reflected profits and losses that would be incurred from each trade in the real world. In total, 300 interns competed from Markit, Oakhill Partners, Citigroup, Bank of America Merrill Lynch, HBSC, ICAP and London Diversified Fund Management. The rules restricted trading hours to before 9am, between noon and 1pm, and after 5pm.

Evan’s main strategy was to stay up on current events around the world. “I watched the crisis in Egypt affect the price of crude oil and the testimony of Bernanke affect the value of the dollar and, by extension, the price of gold.” Due to the time restrictions, he found himself waking up at 3am to stay on top of the European market. Throughout the competition, Evan’s team kept in contact with other Markit interns states away via conference calls. Upper-level management was also available to assist the team in navigating the market.

The competition lasted 20 days. Evan was the only trader from North America in the top five and finished in first place globally. With a profit-and-loss (P&L) of 4,519,810 USD, Evan came in 1.5 million ahead of second place. “Overall, the experience was challenging and rewarding. I had to research a lot, wake up several times in the night to trade with Europe and Asia and learn about trading and finance through trial and error. I’m looking forward to my first finance course (FIN 357) this semester.”

10/15 – Entrepreneurship Live: Joshua Baer, Capital Factory

Brett Hurt

ENTREPRENEUR IN RESIDENCE

 

Tuesday, October 15, 2013

Joshua Baer, Capital Factory

AT&T Conference Center, Room #201

5:30 Registration, 6:00 Program and 7:00 Reception

RSVP:  http://tinyurl.com/EIR-Speaker-Oct-15

 

Joshua Baer helps people quit their jobs and become entrepreneurs. In 2008 he founded Capital Factory, the largest startup incubator and co-working space in Austin, Texas. Josh founded his first startup in 1996 in his college dormitory at CMU and now teaches a class at the University of Texas for student entrepreneurs. Josh is the Chief Innovation Officer of Return Path and is the most active email investor in the world. Josh was recently recognized as the 2013 Austin Community Leader of the Year and a 2013 Henry Crown Fellow at the Aspen Institute.

You can follow him on Twitter @joshuabaer

10/10 VIP Speaker Series – Ken C. Hicks, Foot Locker, Inc.

 The Undergraduate Business Council of the McCombs School of Business is pleased to present Ken C. Hicks, President and CEO of Foot Locker, Inc. as guest of this Thursday’s VIP Speaker Series.


Ken C. Hicks, President and CEO of Foot Locker, Inc. 
Thursday, October 10
5:30 – 6:30 pm 
SAC Ballroom

When Mr. Hicks joined the company in 2009 the retailer faced many challenges like the recession, e-commerce competitors and a changing customer base.

The company today is #7 among America’s Top 10 Fastest Growing Retailers and is one of the few outstanding big retail success stories in the US.  

 

On Thursday, October 10, from 5:30 – 6:30 pm Mr. Hicks will be interviewed by Eric Hirst, Associate Dean of the MBA Program of the McCombs School of Business. The conversation between Dean Hirst and Mr. Hicks will take about 30 minutes followed by a 30 minutes Q&A session for attending students. The event is open to all UT students from all majors.

For more information on Mr. Hicks’ biography visit the UBC’s Event Facebook Page.

The VIP Distinguished Speaker Series strives to bring the most influential and relevant business leaders to speak to UT students regarding current matters. We encourage a large number of UT students from various majors and backgrounds to attend the events. Each event is 1 hour long, consisting of a 30-minute interview portion, followed by 30 minutes of Q&A from the students in attendance. Doors close right as the event starts, so please arrive early.

This event is organized by the Undergraduate Business Council supported by the BBA Office of Student Life. http://www.mccombs.utexas.edu/Calendars/Speakers/VIP.aspx http://new.mccombs.utexas.edu/BBA/OSL/UBC/Programs/Careers-Programs.aspx

For updates on the VIP Distinguished Speaker Series, or any of UBC’s other great events, like UBC on Facebook at: http://www.facebook.com/texasbusinesscouncil or follow UBC on twitter at: https://twitter.com/texasubc

London & Buenos Aires – BBA launches 2 new Short-Term Study Abroad Programs

The BBA Program Office is pleased to announce two new Short-Term Study Abroad programs.
Enrollment for all 5 BBA programs and Lottery enrollment for MPA programs opens on October 1.

 

Finance in London

Starting summer 2014 our BBA students will be able to study Finance in London  in the heart of one of the top financial centers of the world. BBA International Programs (BBA IP) delivers this exciting six-week “Finance in London” program in cooperation with the prestigious London School of Economics (LSE), one of the world’s premier research and social sciences universities.

 

 

As unique as London

The design of “Finance in London” makes it one of the most unique Short-Term Programs in the BBA IP portfolio: students will be able to take a UT course taught by McCombs faculty and choose a second course from the LSE course portfolio to take alongside LSE students from over 80 different countries.

Earn 6 UT credits

While abroad students will earn 6 UT credits: Prof. Beverly Hadaway from the top ranked McCombs Finance Department will teach the UT course FIN 367. The second course will be taught by LSE Summer School faculty and students will be able to select from a pre-approved list of courses to earn either business or non-business credit.

All work, no play?

Students will go on company visits to see what’s it like to do business in London. Exploring the city and enjoying the sights and sound of London, is part of the program through weekly cultural excursions organized by BBA IP.

How to sign up?

The program dates are June 16-July 25, 2014. In its first year, “Finance in London” has room for up to 25 students and enrollment opens October 1. Enrollment for the BBA Short-Term Programs is non-competitive and available on a first-come, first-served basis with the enrollment deadline for summer 2014 set for February 15. Programs often fill up well in advance of this deadline and interested students should enroll as soon as possible.

 

 

MPA Short-Term Program in Buenos Aires

For MPA students BBA IP is launching a fourth Accounting Program in Buenos Aires for summer 2014. The Accounting in Buenos Aires program was designed in cooperation with the prestigious Universidad  de Universidad de San Andrés (UdeSA), a small private institution known for its excellence in quality and high caliber faculty.

 

The program follows the same successful pattern as the three MPA Accounting programs in Paris, Prague and Hong Kong where students take one class with McCombs faculty and the second course is taught by the faculty of the host school.

Earn 6 UT credits
Students will be able to earn 6 UT credits: the UT course ACC 380K. 19: International Accounting Policies and Procedures will be taught by McCombs Accounting faculty and UdeSA will deliver a graduate level business elective course.

First time MPA goes to South America
This is the first MPA program in South America following this year’s successful launch of the Buenos Aires BHP Program. Company visits are part of the program to let students experience the business environment and customs in Argentina. Cultural excursions take the students to popular sites and local places.

How to sign up?
The program dates are June 2-July 3, 2014, and the program accepts a group of 20-30 students. Similar to the the other three MPA programs, spots are filled through a lottery system due to the popularity of the programs. Lottery application opens on October 1 and stays open for three weeks.

 

BBA/MPA Short-Term Program Portfolio

These two additions brings the total number of Short-Term Study Abroad Programs to nine. The five BBA Programs include Supply Chain Management in Hong Kong, Marketing in Paris, Business Law in Edinburgh, Management in Buenos Aires (BHP), and Finance in London. The MPA Accounting programs destinations are Hong Kong, Paris, Prague and new in Buenos Aires.

For more information contact Maria Terrazas at [email protected] or call 512-471-1625.

Integrated MPA Info Sessions – Join the #1 Program in the Nation

 

The MPA Program Office will be holding three integrated MPA information sessions this fall.  Learn about the application process, curriculum, career opportunities, and more! The fall 2014 application for admission will open on April 1, 2014, and the application deadline is June 1, 2014.

 

Thursday, October 3
3:30-4:30 p.m.

Legacy Events Room (CBA 3.202)


Monday, October 21

3:30-4:30 p.m.

Legacy Events Room (CBA 3.202)

Thursday, November 21
5:00-6:00 p.m.

Legacy Events Room (CBA 3.202)

BBA Program Update by Dean Platt


BBA Program Update

At the Presidents’ Roundtable, a meeting with the presidents of the McCombs Affiliated Student Organizations, in the beginning of September, Dean Platt gave an update about the BBA Program. Below is a brief summary of the highlights of this program update – we have exciting news! And for your questions or comments, come and join Dean Platt at this week’s “Platt Chat” in the Atrium on Tuesday, September 24, from 1:30 – 2:30pm and let him know what’s on your mind.

What’s a “Platt Chat”? A great way to meet Dean Platt! Totally informal, no appointment needed, he’ll be in the Atrium and you can just walk up to him, say hi and tell him what’s on your mind!

 

1. Incoming Freshmen Class (Texas 17)

This fall we welcomed 872 new freshmen to McCombs, one of the biggest classes in recent history. We are excited that our Class of 2017 represents the same high caliber of students as in the past with an average SAT score of 1,320 and an average ACT of 30. Our freshman ranked on average in the top 6% of their class and approximately 50 incoming students are valedictorian of their high schools.


Breaking all records: The Undergraduate Career Committee and Rachel Rucker, organizers of the Career Expo 2013

2. Texas BBA Career Services

We beat all records: The Fall 2013 Undergraduate Career Expo was the largest expo in BBA Career Services’ history with 189 employers present and 20 on the waitlist. This is a sign of a strengthening economy and BBA Career Services is expecting to see employer interest and participation grow even higher in the future. Student attendance was also at a record high with over 2,000 students participating. Asked about the reaction of employers to the opening of the Career Expo to all UT students from 3-5 pm, Dean Platt responded that he had received both positive and critical comments from companies. BBA Career Services will continue to carefully monitor recruiter feedback.

 

3. BBA International Programs

Summer of 2013 saw the successful launch of our newest Short-Term International Program:  the BHP Management program led by Prof. Ethan Burris and Prof. Doug Dierking took 25 BHP students to the Universidad de San Andrés in Buenos Aires. For summer 2014 we’re adding two new exciting programs to our Short-Term International Programs portfolio: a Finance program for BBA Students at the London School of Economics (application opens on October 1) and a fourth MPA Program in Buenos Aires.

 

 

4. Parents’ Council

A new initiative from Dean Tom Gilligan is the BBA Program Parents’ Council.  The council will provide opportunities for parents to be involved and supporting prospective student recruitment and diversity, leadership development, academic support, global experiences and fundraising.

 

 

5.  Looking ahead: Certificates in the Works & the Washington Campus Proposal

We are currently working through the UT approval process to add three (3!) new certificate programs to the BBA certificate portfolio and to launch the BBA Washington Campus program. Here are the details of the new programs.

      • Energy Management Certificate
        The Energy Management and Innovation Center is proposing the Energy Management Certificate open to all undergraduate students. The program is designed to fill the energy industry’s growing need for top-talented business professionals. By providing a well-rounded background in energy management students are prepared to successfully meet the challenges of new technologies through flexible and creative commercial arrangements.

 

    • Global Management Certificate
      In today’s workplace, managers lead global teams, interface with international suppliers and customers, and collaborate with international partners.  Employers need to be able to recruit employees who understand global political and economic dynamic and cultural differences to work effectively in multinational teams around the world.  Through experiential learning techniques including classroom exercises and assignments completed during an experience abroad, students will acquire managerial and problem solving skills that can be applied in any geography.  This certificate is well suited for undergraduates interested in careers in engineering, government or public affairs, non-profit organizations, nursing or social work as well as business.
    • Public Policy Certificate
      The Business, Government & Society Department (BGS) is proposing the Certificate in Public Policy. Business success today often depends on how successfully companies manage their political and regulatory environment and strategically respond to and influence constituencies such as shareholders, employees, suppliers, customers, NGOs, communities, and especially government regulators.  The Business & Public Policy (BPP) Certificate Program educates undergraduate students so that they can help firms, either as employees or as consultants, to be successful in the modern business environment.  The BPP certificate is also well-suited for undergraduates interested in careers in law, in government and public service, and/or in nonprofit organizations.
  • Washington Campus
    The Business, Government & Society Department (BGS) in conjunction with the College of Liberal Arts’ Government Department (GOV), is proposing an undergraduate version of The Washington Campus Program for McCombs undergraduate students. This course, which involves four class meetings during the spring semester in Austin and a one-week trip to Washington, DC after finals in May, will focus on businesses’ participation in the policy process.  Since 1978, the Washington Campus Program (WCP) has provided public policy education to business executives and MBA students. This is first time that McCombs BBA students will be able to access the WCP and get exposure to leading policy makers whose actions meaningfully impact the business environment in which our students will operate after they graduate.

 

 

09/19: From Wall Street to Hollywood: Thomas Tull – VIP Speaker Series


This event will be rescheduled this event due to circumstances beyond our control. Keep on checking back for the new date. Thank you!

The VIP Distinguished Speaker Series Fall 2013 kicks off with Thomas Tull, the Chairman and Chief Executive Officer of Legendary Entertainment.

September 19, 2013
Rescheduled
Union Ballroom
Host: Tom Gilligan, Dean of the McCombs School of Business

Thomas Tull and Legendary have financed a long list of record-breaking film hits, from the Batman Franchise to the Dark Knight Franchise and Hangover (1 and 2) to Inception. Since founding the company in 2004, Tull has combined his entrepreneurial acumen, deep understanding of film finance and true passion for movies, comic books, video games and fantasy fare to achieve great success in the co-production and co-financing of event movies.

Tull came to Hollywood from the world of venture capital and private equity and introduced a new way of financing: He raised a $500 million production fund from private equity firms. Legendary was one of the first companies to be able to combine a major picture production with major Wall Street private equity and hedge fund investors.
Read more about Thomas Tull on the Undergraduate Business Council’s Facebook page and sign up for the event.

The VIP Distinguished Speaker Series, organized by the Undergraduate Business Council, strives to bring the most influential and relevant business leaders to speak to UT students regarding current matters.

All UT students from various majors and backgrounds are invited and encouraged to attend the events. Each event is 1 hour long, consisting of a 30-minute interview portion, followed by 30 minutes of Q&A from the students in attendance.

And here is the line-up for fall 2013:

 

Meet the Top Consulting Companies – apply by 09/18

Company Field Trips are designed to help bridge the gap between the classroom and the working world. The Undergraduate Business Council will host several trips this year to Dallas, New York, Houston, and Seattle. All of these trips focus on a specific major or job type such as consulting or investment banking.  Some of the companies visited in the past include McKinsey & Co., The Boston Consulting Group, Goldman Sachs, Evercore, and J.Crew. At each of these visits you’ll have the opportunity to learn more about the company, network with alumni, and talk to recruiters.

Company Field Trip Dallas: McKinsey and Company

 

The next Company Field Trip organized by UBC will take students to Dallas on Friday, September 27 to visit:

- Bain and Company
- Boston Consulting Group
- McKinsey and Company.

All three companies hold the 3 top spots in the Vault Consulting 50 rankings.

Deadline to apply is September 18 at 11:59pm.

         

5 Tips to Ace the McCombs Career Expo

Are you planning on attending the Undergraduate Career Expo this Wednesday, September 11? We sat down with seasoned recruiters to get the inside scoop on how to succeed at a career expo. Here are their tips for getting the most out of the experience and making a great impression.

You can also find these videos and many more helpful resources on the BBA Career Services Website – check it out now!

 

How to prepare for a Career Expo

 

How to approach a recruiter at a Career Expo

 

What Questions to ask at a Career Expo

 

How to follow up after a Career Expo

 

 

Career Expo Advice for Underclassmen

Bar Bruhis, BBA’13: From McCombs into Austin’s Startup World

Alumni Spotlight: Bar Bruhis, BBA’13, Supply Chain Management
by Sabine Wimmer


While most Texas BBA Graduates take the corporate route, some take the road less traveled and follow a calling that they can’t resist. Bar Bruhis’ passion is entrepreneurship. So when it was time for Bar as a senior to decide on his career focus, he followed his heart and signed up with an Austin based start-up company, VChain Solutions, as their IT Project Coordinator. In the middle of his hectic and exhilarating new job, Bar set down with us to talk about his new job and how he got involved in entrepreneurship at UT.

 

The Start-Up Challenge

Bar started interning with VChain Solutions in January 2013: The product excited him and marketing it was exactly the challenge he was looking for. The VChain ProActive software “takes the pain out of your supply chain” by offering a streamlined technology that provides an end-to-end solution for supply chain analytics and execution on a single platform”Our technology revolutionizes the supply chain industry in the same way Microsoft Windows revolutionized the MS-DOS,” says Bar.


Bar explains VChain’s strategy: “According to a study from the Georgia Center of Innovation for Logistics, there will be a need of 270,000 logistics professionals each year between 2012 and 2018. The U.S. education system is only producing about 75,000 professionals a year. VChain is positioning itself to tackle this shortfall through its software product and an innovative workforce training program in cooperation with APICS. “

“Working in a start-up means wearing many hats and I am thrilled to be involved in all areas of the business,” says Bar. He was part of managing VChain’s recent launch of the Institute for Supply Chain Innovation that provides a supply-chain training program that seeks to attract high school/chartered school students, college students and working professional looking to enter the supply chain field.


Entrepreneurship – how to get involved?

 

Bar first became interested in entrepreneurship through his trip with the Bizrael Student Experience, an organization that takes students on a trip to Israel, a country that has become an international entrepreneurial hub. Israel has more than 56 companies listed on NASDAQ and that’s more than all European countries combined! For Bar the time in Israel inspired him to change his focus to entrepreneurship: “I was able to meet and network with venture capitalists and startup CEOs who thrive in an entrepreneurial culture that pushes for innovation and success.”

How to get connected in the entrepreneurial world at UT and in Austin?
Bar was involved in the Supply Chain Management Student Organization (SCMOSO) and enjoyed presentations by companies such as Chevron, Boeing and Hess. Beyond that he wanted to connect with resources on and off campus and here are his top connections:

The passion of an entrepreneur typically goes beyond the workplace: Filled with entrepreneurial spirit Bar was looking for an opportunity to make an impact on campus. As the lead of the West Campus Green Initiative he developed the first sustainable recycling model for multifamily living complexes and established the structure to provide recycling to over 2,500 condo/apartment units. The project was so successful that it was passed on as an initiative to Student Government.

 

All work and no play?

Certainly not! Bar played Ice Hockey and Roller Hockey and was the President of the UT Roller Hockey Team.

And he just completed a rafting trip down the Grand Canyon – he does indeed like to take the road less travelled!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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