BHP Senior Initiated into the Friar Society

NealBHP Senior, Neal Makkar, was one of six students selected to join The Friar Society this semester. Neal was initiated into the group Sunday, November 9. Each student initiated into The Friar Society has made a significant contribution to The University of Texas, whether tangible or intangible, one act or many.

Neal is an outstanding student and has been heavily involved across campus. As a Chairman of the Texas Blazers, Neal has organized many events including a fundraiser called Frisbee Fling, which raised about $15,000 for the organization’s UT endowment. As a Co-chair for the McCombs College Tuition and Budget Advisory Committee (CTBAC), Neal also works closely with the deans of the business school in setting tuition rates and budget allocations based on student feedback. He is also very active in the BHP community as a Peer Advisor, Peer Mentor, Co-Chair for Discover BHP, Co-Chair for Make-A-Mark and the student representative to the BHP Alumni Advisory Board. Other on-campus affiliations include the Indian Cultural Association and the Texas Round Table.

After graduation, Neal is off to Houston to work for McKinsey & Company.

“I am so honored to have been initiated into The Friar Society. This experience has been extremely humbling and has shown me some of the incredible initiatives UT students have created to help support the 40 Acres. After graduation I hope to continue giving back to the university through organizations such as The Friar Society and am excited for all of the opportunities now available to truly help make a difference on campus and, in our own way, change the world.” – Neal Makkar

The Friar Sociey was founded in 1911 with a mission to recognize students who have made significant contributions to the University. The society’s members embody the organization’s creed of recognizing history, serving the community, and bringing honor to The University of Texas. The organization and its members have served their university, state, and nation over the last 100 years as  governors, ambassadors, university chancellors, faculty members and presidents, congressmen and -women, judges…the list goes on. The society and its members are united by the purpose to associate together leading members of the university for mutual benefit and cooperation, and to promote the best interests of the university and the student body.

More information on Friar Society can be found at http://www.friarsociety.org/. Congratulations, Neal!

VP of Global Partnerships at Facebook Visits With BHP Sophomores

Written by Bethany Rolan

BCThis week during the BA 151 lyceum course, facilitated by BHP Faculty Director, Robert Prentice, BHP sophomores were visited by Blake Chandlee, Vice President of Global Partnerships at Facebook. In his role at Facebook, Chandlee has helped to integrate the website and mobile application into countries around the world including Switzerland, England, France, Egypt and Japan.

Chandlee studied management at Gettysberg College in Gettysburg, Pennsylvania where he played college football. As a college sophomore attending a small liberal arts school, Chandlee shared that he was thinking more about what he was going to do on Saturday night than his future career. He completed an internship at an insurance company while in college and accepted a full-time position in the insurance industry after graduation. Chandlee soon decided that insurance was not a good fit for him, and began an incredibly dynamic and diverse career, which included jobs at his own tree business, a website startup, Catalina Marketing and Yahoo!

Around 1997, having already worked for large corporations and started his own business, Chandlee became interested in data. A client exposed Chandlee to what was, at the time, a cutting edge idea: using data to understand and profit from purchase behavior. This exposure sparked a new passion in Chandlee and significantly changed his career trajectory. He then started working heavily with technology and leveraging his marketing experience to create value in the digital space. Chandlee shared that he strongly believes that most work will involve some type of computer programming or “coding” in the near future and encouraged the students to take advantage of coursework or opportunities that would expose them to programming.

Even though he has now been with Facebook for seven years, Chandlee describes himself as an entrepreneur. He experienced his most difficult challenges as the owner of a web-based business during the dot-com bust. Through this experience, he learned the importance of financial responsibility and emphasized this principle to the students. Chandlee also shared that building relationships and knowing the right people is essential in entrepreneurship and that relationships helped him get in front of large clients like Coca-Cola and CNET during his time in small firms. Working with large clientele eventually led to his being recruited by Yahoo!, moving to London, and becoming the company’s Vice President and Commercial Director in the UK.

One of the students’ favorite topics during the presentation was Chandlee’s candid recounting of his first experience with Facebook. While he was working in London for Yahoo!, Chandlee shared that he “got a call from a kid starting a company he had never heard of,” and that call prompted him to fly to New York and meet with the “kid,” Mark Zuckerberg. Chandlee thought he was being a bit rebellious by choosing not to wear a tie to the interview, so he was shocked when “Zuck” (as he repeatedly referred to Zuckerberg during the discussion) came into the meeting wearing ripped jeans and a t-shirt and didn’t even shake his hand. Although his presentation was unconventional, “Zuck” impressed Chandlee with his questions about European markets and skillful articulation of the mission and vision he had for Facebook. Chandlee felt that “Mark filtered the world differently,” and was convinced to take a large pay cut and move back to the US to be a part of a company led by a man who, in Chandlee’s option, was “the next Steve Jobs.”

The passion that Chandlee has for his job and his company was palpable as he described the company as one of few truly “mission-based” companies. It was a unique and insightful experience for students to hear from an executive at a modern, fast-paced company with whom most students interface on a daily basis. As the final speaker in the 10-speaker series the sophomore students have the privilege of hearing throughout the semester, Chandlee kept the students entertained with his laid-back style and honest answers. The Business Honors Program is grateful to Blake Chandlee for sharing his time and advice with our business students.

Internship Spotlight: Catherine King, Aarayaman Singhal & Erin Sun – Shell Oil Company

From the left: Catherine King, Erin Sun and Aarayaman Singhal

From the left: Catherine King, Erin Sun and Aarayaman Singhal

Over the summer, three BHP students interned with Shell Oil Company in Houston. Catherine King, BHP & MIS ’15, and Aarayaman Singhal, BHP, MIS & Plan II ’15, were IT Analyst Interns and Erin Sun, BHP & MIS ’15, was a Data Management Intern under the Shell Exploration & Production Company. We asked the trio about their experience at Shell.

What steps did you take to secure your internship?

Catherine: I applied through OCR by submitting a cover letter and resume.  The next step was to complete a two part assessment: a Competency Based Questionnaire and a Cognitive assessment with a decision making task and a problem solving task.  Once those assessments were completed, a phone interview was required to complete the application process.

Erin: I was studying abroad when I applied to this position in the fall semester through OCR. It was one of the few positions that I was interested in and didn’t require an on-campus interview. I dropped my resume for a Shell IT internship through OCR and submitted an application on their website as well.

 

What were the responsibilities for this role?

Aaryaman: I was mostly creating a SharePoint website for my team. I also helped with other tasks around the office like updating our training materials and thinking about how to capture organizational knowledge.

Catherine: I had two deliverables for the summer. The first was to create a spreadsheet that summarized the contents of 5 databases and highlighted the gaps between the overlapping records.  The second deliverable was to run a pilot with Shell’s Trading department to create action items with the focal points and work to resolve the data gaps.

 

Describe the culture within the organization.

Aaryaman: Shell has a very networking-oriented culture. If you want a specific job or role, you contact the person in that role and talk to them. Everyone is willing to take 30 minutes out of their day to meet with someone.

Catherine: The people at Shell are unbelievably nice. As a result the culture is honestly pretty laid back, granting its employees a lot of freedom and flexibility.  Shell is such a huge, global company, that many of the teams, including mine, are virtual.  The virtual nature of the company invites late night and early morning calls that can be taken from home if necessary.  Work / life balance is a high priority at Shell.  The company offers a 9/80 schedule—employees work 9 hours a day, so every other Friday is off!

 

What was most surprising or unexpected during your experience?

Catherine: The most surprising part of interning at Shell was realizing how much trust they put in the interns.  Specifically, I had a supervisor who sits in London, and the rest of the team was virtual and did not sit in the Houston office.  The team not only gave me full responsibility of the project with very little direction, they also never once asked how many hours I worked or questioned if I came in late because of an early morning call to India or Malaysia.

Erin: The most surprising part of my internship was experiencing office politics. Besides group projects, most of the work I’ve done at UT is managed by me and only affects me. However, my project at Shell concerned and would most likely affect the entire department. During my internship I saw how important communication skills were. Being able to ask the right questions and listen to conflicting opinions was an important part of my project. The biggest challenge was being able to convince people who have more experience and different opinions my point of view.

 

What advice would you offer your peers in the Honors Program about getting the most out of an internship?

Aaryaman: Don’t settle for assignments and tasks you’re given if you don’t find them interesting. Keep asking for and finding ways to do the work you want to do.

Catherine: Network, network, network.  It really is worth it to have a 30-minute conversation with employees!  I was able to set up a chat with Shell’s CIO and VP of Projects & Technology department to discuss my final presentation.  At the end of the talk she offered to look over my slides and give me feedback!

 

How did you find your classes in the Business Honors Program at the university to be applicable during your internship?

Catherine: The most applicable courses to my internship this summer were BA 324H, MIS 301H, and OM 335H.  My project required communication with six stakeholders in five different countries. I am very glad to have taken BA 324, a class that gave me the foundation to tailor conversations and emails to employees who embrace varying cultures.  Secondly, I used excel for all of the summer, so the effort put into all the MIS 304 homeworks paid off!  Lastly, OM was a huge help in understanding the processes and applications required to transport the oil up from the ground to the refineries, through factories, and ultimately to the retailers as efficiently as possible.

Erin: The classes I found that helped me the most were my MIS classes for the technical part when I used SQL and OM because I was looking at process improvement and some project management. I had to build many process flows during my project. Every class project I did at UT also helped to build time management skills, people skills, and helped me to become more detail-oriented, making sure that I have everything I need to reach my goal.

 

How did this organization ensure you got the most out of your internship experience?

Catherine: The Shell internship program is very developed, and gives interns many opportunities to see other parts of the business, outside of where the interns worked each day.  For example, the IT interns were given the opportunity to see the Trading floor, hear presentations on the manufacturing processes, and a trip was scheduled to tour the Deer Park refinery!

Erin: My supervisor and mentor during my internship made sure that I was interested in my project. They made me feel comfortable speaking out and giving my opinion. I mainly used passive skills during my project to interview co-workers to get details about the data management process, but since I also wanted to use my technical skills, I was also given the task to develop reports using SQL. I got to experience both the functional and technical side of the department.

 

What are the most valuable lessons you gained from this internship?

Aaryaman: There are too many to list but if I had to choose one: Find ways to do the type of work you want to do so that you enjoy your work. No amount of money is worth spending 8-10 hours/day doing something you don’t enjoy.

Catherine: The most important part of an internship, I have found out, is to determine who you are and what you like as an employee. This could be anything from a startup company in a small town to realizing you like a larger company in a metropolitan city.  Ultimately, my most valuable lesson was determining my own personal strengths and how they can benefit my future employer and myself.

Student Profile: Jace Barton – HBA President

jace_bartonBHP senior, Jace Barton, recently took on the role of president for the Honors Business Association (HBA). Since first becoming involved with the organization as a sophomore, Jace has found a new level of confidence in himself, which he hopes will have a positive impact on HBA during his presidency.

Why did you choose UT and specifically, BHP?

I chose UT and the BHP because of the community environment I sensed on my visit here. I came from a small high school, so I was worried that if I chose to come to a big school like UT, I would get “lost” so to speak. But the Business Honors Program extremely impressed me by showcasing its passionate, remarkable students and more importantly for me, the amazing relationships they were able to develop with one another during their time on the Forty Acres.

 

What do you think is HBA’s role in BHP?

The official explanation is that the Honors Business Association (HBA) is the official student organization of the Business Honors Program. But the way I like to describe HBA is as “home” to Business Honors students. I think this works on several levels. The word “home” has a connotation of comfort and belonging. For most people, no matter what happens in the world, you know you can always go home and be welcome. Some people like spending a lot of time at home, and others prefer to spend their free time elsewhere. All of this rings true for HBA. We have some students who get extremely involved, and others who come to an event or two a semester. But no matter what, every BHP student is always welcome at HBA events, be it a freshman who doesn’t quite know how they want to get involved on campus or a senior who is just now discovering all of the wonderful things HBA does for BHP students.

 

How did you become involved in HBA?

I attended some HBA events my freshman year, but I really started to get involved in HBA my sophomore year. In addition to attending more events, I was also a member of the Alumni Relations committee. My junior year, I was elected as the Financial Vice President. And now, as president of the organization, I’m responsible for overseeing all of the operations of HBA as well as representing the organization at official functions of both the BHP and McCombs in general.

 

What have you gained by being part of HBA?

Personally, I have gained a lot of confidence in my event planning and leadership skills. If you had told freshman Jace that he would one day be HBA President, I wouldn’t have believed you. It took a while for me to develop confidence in myself, especially since I was surrounded by such high caliber students in the program, but HBA helped in that development. That brings up another thing I’ve loved about getting involved in HBA – I’ve gained an even greater appreciation of the incredible people who constitute the Business Honors Program. That includes faculty, staff, students, and alumni. Everyone is so caring, nice, genuine, and talented. Being in such an outstanding environment motivates you to be the best person you can be.

 

What do you hope for HBA to do differently under your presidency?

I want HBA to be more flexible and responsive as an organization, which entails doing a better job of gathering and responding to feedback. If our members aren’t enjoying one type of event, I want to know about it as soon as possible so we can plan events that better match the preferences of our members. I’ve also made it an initiative to have more cross-functional events. For example, we’ve always had Alumni and Philanthropy events, but we’ve never had events which combine those two functions. We haven’t seen a lot of those yet this year, but I know we have some great events like this in the pipeline that I’m super excited about.

Alumni Spotlight: Vivek Shah – Class of 2003

VivekShahVivek Shah, BHP 2003, will be honored with the McCombs Rising Star Award this coming Friday at the McCombs Hall of Fame dinner. The award is given to two McCombs alumni annually who have been successful professionally and have helped strengthen the McCombs Alumni Network. Vivek serves on the BHP Advisory Board and is the co-founder and managing director for Consortium Finance, based in San Francisco, where he manages $200 million of capital for investors.

Take me through your career path since graduating and tell me more about the new company you founded, Consortium Finance.

Since graduating, the first company I worked for was Simmons & Company as an analyst for two years. My boss at the time left to join D.E. Shaw and called me a few months later and asked me to consider joining so I actually followed him there to the firm’s Houston office in 2005. There I was focused on direct investing in companies, everything from venture capital to private equity and lending across industries. At the time, I was in a long-distance relationship and my girlfriend at the time (my wife today) really wanted to be in California, so even though it was hard for me to leave Texas, D.E. Shaw wanted to open a SF office and I went out there to help open that office for the firm in 2006. I was there until 2012 investing directly in companies. D.E. Shaw decided to spin our group out into a new firm called Stellus Capital Management, so I ran the West Coast operations for Stellus from San Francisco. I always had a dream to have my own business; in 2013, I was fortunate to partner with my business partner to raise our own capital, which we were successful doing bringing on two investors, raising $100 million from each of them.  This allowed us to start our own firm, Consortium Finance which is my primary focus today.

How has it been different for you running your own business?

There is a lot of healthy anxiety. I am dependent upon myself and my business partner to perform, but what we are really excited about is we have a substantial level of autonomy and transparency. We are a lean firm and there are no politics or organizational bureaucracies. We are having a ton of fun together and for me enjoying work is essential given most people spend almost 70% of their awake hours at work. I am excited about work every day and fortunate to be in such a situation. Things are within our control which is also unique, but with that also comes healthy anxiety.

What are the challenges and rewards of a career in investment management?

The challenges are you are investing other people’s money, so there is a lot of pressure in wanting to do the best possible job to generate positive returns for others. When you don’t have positive outcomes on investments, it is taxing emotionally and financially. The other challenge is that it is a very competitive business, so to set ourselves apart is difficult. It is rewarding in that we do have the ability when we perform well to generate returns for others that is allowing for creation of wealth that goes towards different purposes. There are also a lot of things occurring that positively affect the economy from the capital that we are providing for businesses.

How did you start lecturing at the University of California at Berkeley and what are you teaching there?

I have always been passionate about education. At one point I called and emailed about a dozen professors in the business school (Haas) at Berkeley and offered to teach and there was one professor who responded to me and took me under his wing. I helped him directly at first and then that exposure opened doors for me to do more. I have guest lectured on several occasions over there. I lectured on Hedge Fund investing and grad level micro-economics. I was also a supplemental lecturer for an undergrad intro to finance.

You co-founded EDge-UCATION a few years ago to develop a business curriculum for students. What has been the progress of that business and where are you headed with that endeavor?

The focus of it is to help students in business and other curriculums learn how to value companies, assess businesses, and learn how to be efficient in modeling in Excel. We actually came to UT and taught two classes at McCombs that were one-day, full-day lectures. We will be back this October to teach again. It stems from my passion for education and what I saw as a need to teach students practical skills that supplement what they are learning in class. When students are interviewing and taking on jobs, they are more prepared. We have taught in multiple universities. We aren’t really trying to grow it, it is just something I want to keep doing on the side to educate others.

You have volunteered to do admissions interviews for BHP for many years now. What do you enjoy most about interviewing applicants to the program?

I enjoy the discussion with future potential classes of the BHP. I hope these future classes are a good group and will take the program to the next level and reflect well on the brand of the program and the university. I enjoy assessing their capabilities and the value of what they might bring to the program. It is great to hear their background and stories and see how they might be a fit for the program.

Why do you think it is important for alumni to get involved with McCombs and BHP after graduation?

I attribute a lot of my personal success and the growth of my career to BHP and the business school, so I want to give back. It is easy to take things for granted and I try really hard to be cognizant of people, situations and experience that have led me to where I am today.  With McCombs, the education I received was unparalleled and was critical in my personal development.

What advice do you have for current BHP students?

Follow your passion and in whatever you do, give it your personal best.  Always give what you do 110%. Don’t regret any mistakes or misfortunes. Try not to repeat them and try to learn from them. I have had a lot of challenges professionally and personally. Everyone has their own unique set of problems and all things really do heal with time. From every tough experience, there is something to be learned from it. Something I have learned personally is that a genuine level of internal happiness comes from overcoming challenges, rather than getting something really easily. If you work hard to achieve it, you have a different level of appreciation for it.