Internship Spotlight: Jay Shah – McKinsey & Company

jay_profileCompany:  McKinsey & Company

Position: Summer Business Analyst

What steps did you take to secure your internship?

I think to really maximize your chances at getting an internship; it’s very good to be proactive. Most students begin to think about recruiting over the summer and tend to focus on case prep and networking. I actually think the best thing to do before hand is to evaluate your current commitments/involvements and look for ways to really excel and make an impact. Behavioral and case prep can be mastered in a set amount of time, but you can’t go back and change the results of your previous internship/experience. When the interview comes around, what will you have to say about your last job? Make it a good story and don’t worry about the interviews. That will come later.

 

What were the responsibilities for this role?

The role focused heavily on analysis. Each day, the team would have a discussion on small problems to solve. For example, if our overall goal was to improve our client’s marketing efforts, one week we may focus on the sales funnel (generating leads all the way to closing sales). As a summer business analyst, my responsibilities were two-fold:

1) Contribute to the overall discussion and direction of the project

2) Find data, perform analysis and extract insights based on #1. For example, I would look at what data do we have regarding the sales funnel? How many leads do we generate? What percentage of them do we close? Where are we losing the most people in the process? What does that say about our client’s problem? Most of this involved Excel, industry research and interviews to extract tangible insights regarding the problem.

 

Describe the culture within the organization.

McKinsey’s culture was extremely tangible and was a guiding tool for all members at the firm. McKinsey really focuses on creating exceptional value for clients and attracting/developing exceptional people. Even as an intern, I attended two conferences in Atlanta and Miami which offered not only great team bonding experiences, but the opportunity to learn from people much more senior than me at the firm. McKinsey is constantly investing in people development and I was amazed at how much my own mentor invested in me.

 

What was most surprising or unexpected during your experience?

Building off of my last answer, I was surprised by how much my own mentor cared about my development. In most jobs, feedback happens every 2-6 months. At McKinsey, I sat down with my manager every 2 weeks so he could gauge how I was feeling about the overall project and help provide guidance. Furthermore, feedback always went both ways, and most senior people at the firm were open to feedback. This feedback happened in various channels from anonymous bi-monthly surveys to casual team dinners.

 

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

The tendency in an internship is to be on cruise control – let the work come your way and be more reactive than proactive. In my first internship, I didn’t set any goals for myself because I assumed that a competitive internship would naturally teach me a lot. If I could go back in time, I would set hard goals for myself because the reality is that everyone is busy (especially in a corporate environment). No one is more responsible for your development than you. Set some tangible goals – it could be excel skills or getting guidance from senior people. What ever it may be, be able to define what a successful summer for you is before school even ends.

 

What was your favorite part about this internship?

Definitely the people. This is very cliché, but the diversity and intellectual horsepower was very refreshing for me. I worked with three PhDs, former entrepreneurs, lawyers, and many more interesting backgrounds. I’ve never had that kind of exposure before and everyone had a good story to tell.

 

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

I think the case study approach is really valuable in consulting. So much of the value we (consultants) bring is just industry knowledge and best practices. When I think back to the cases in management, it was very cool to compare and contrast concepts such as org design between my client and the companies we studied in class. The process of learning industry practices was very similar to analyzing cases in class.

 

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

Constant feedback, frequent conversations about how I was doing, and lots of time outside the office.

 

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

There is always someone smarter than you and someone who worked harder than you to get here.

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Most recently, Jay has accepted a full-time offer with McKinsey as a Business Analyst. Congratulations, Jay!

Alumni Spotlight: Daniel Payne, Class of 2002

Daniel Payne HeadshotDaniel Payne graduated from BHP in 2002. After working in investment banking and financial services, he decided to change paths and pursue a Master of Architecture degree from Columbia University. He is now a consultant for AEA Consulting, one of the world’s leading arts, culture and entertainment consulting firms based in New York. Prior to joining AEA, he worked on exhibitions and installations that appeared in the New Museum, Center for Architecture, New York Fashion Week, PS1, Storm King Art Center and the galleries at Columbia University.

 

Tell me more about what AEA does and your role as a consultant with them?

AEA is an arts and cultural consulting firm. We have two main services. We serve as consultants for anyone involved in the arts and cultural world planning a capital project, helping them determine what spaces their buildings will need to fulfill the organization’s mission and also figure out what they’ll need to do from an operational and organizational side to use the space to the best of their abilities. The other thing we do is help with strategic planning and program assessments for these same sorts of arts organizations, as well as foundations and governmental bodies who have an impact in the world of arts and culture. I am often called in on the capital project side where I can merge the business and architecture sides of my background, but I work on the strategic planning side as well.

 

You started in investment banking working for Citigroup then moved into design. How did that shift come about? Was design an area you were always interest in pursuing?

I was always interested in design. I took a few classes in the architecture school at UT. I also did a lot of home projects and woodworking growing up with my dad. I had come to a point working on Wall Street where I was ready to expand my horizons and work in a more multidisciplinary way than I could in banking. I started thinking about the options and talking to people, and I decided that if architecture was something I wanted to do, it was the right time to make the shift. I took a year off to complete some prerequisites I needed in order to apply to architecture school, then got into Columbia for their three-year Master of Architecture program.

Architecture provides me the opportunity to have my hands in lots of things. I am not doing pure architecture per se right now – we don’t draw the building’s plans or manage the construction –but I am working with architects, fundraisers, artistic folks and a wide range of people who have an impact on culture.

 

You are consulting on projects all over the world from China to Afghanistan. What are the most challenging aspects of this?

The most challenging part is getting to know the local environment in each place and understanding how art has a role in that society. We are working on a project in Malaysia right now and there is a long tradition of art there, but not a long tradition of supporting art philanthropically like we have in the West. Developing people’s mindsets for what these institutions can do for them in preserving their history and how that can impact their lives today through museums, opera houses, theaters, is a challenge. We are finding ways to get people to understand that dual role and teaching the organizations how to maximize their resources – financially, organizationally and creatively. We are also working on a project in Athens [the Stavros Niarchos Foundation Cultural Center] and they have completely different challenges. They are dealing with many economic challenges in Greece, and we are helping them put together a strategy that will allow them to maximize their huge financial commitment for the benefit of both the nation’s culture and the economy as a whole.

 

What aspect of your job do you enjoy the most?

The sheer variety of things we are involved in and the way our work has an impact on the lives of the people in the cities where these projects are housed. Art and culture can play a big role in promoting creativity. To be able to see that happen in so many places and so many ways is great. Knowing that what I am doing has a lasting impact on a city and its people is really exciting and gratifying.

 

Daniel Payne Reader PhotoYou did independent design and installation work in New York. What were some of your favorite projects?
I was a part of an exhibition at the New Museum called “The Last Newspaper” exploring how things were changing in news and media. This was in 2010, so there were many changes happening, especially following the financial crisis, that had still not been explored at much depth. During the exhibition, I was on the staff of a short-run newspaper called the New City Reader, which aimed to explore these issues further and examine the impact of these changes on cities and citizenship.   The project was particularly interesting because we worked out of the galleries in the museum, so I got to interact with people coming in and out of the museum on a daily basis – they didn’t know there was a newspaper being produced inside, so their reactions in watching us work were fascinating. We would translate conversations we were having with people into stories for the paper, and then we would paste the papers weekly all around New York City. It was really interesting to take what was happening in this one place, the museum, and take it into the city to see how people react to it. It was a great social concept.

I also worked on the design and implementation of a project called “Low Rise High Density” which was an exhibition on history of the housing type at the Center for Architecture. I was involved at an early stage and helped develop it with my friend who was curating. It was an interesting lesson in how to make research tangible and understandable in a gallery.

 

Daniel Payne constructionHow do you think your degree in Architecture has complimented your degree in business and how have you seen the two disciplines intersect in your work?

They complement each other incredibly well. There is a myth that some architects would like to perpetuate that there is a grand singular genius behind designs, but in reality, it is very collaborative. Business, and in particular the way BHP teaches business, with its team-building focus and how to connect people to one another, are so important. Ultimately that is how architecture happens. It is about how to make the vision a reality and all of the planning and steps that go into that. You have to create the organizational structures needed to make the project successful.

I was able to leverage my business background when I was in architecture school to add a unique voice to the conversation, because most people had a liberal arts or architecture background. The business side drives so much of the project in the “real world”, so there is a lot of that which needs to be thought about even at the conceptual level during school. At Columbia, they are doing a great job of thinking of all the ways architects can be involved, not just through purely design. In business, you are thinking of all the aspects involved in decisions and that is the same in architecture.

 

What advice do you have for current BHP students?

Spend time building your network of people you know inside and outside of the program. That will lead to a lot of opportunities later. When you are in school, you are thinking about that first job, but there is 50 years of work life after that, and you are going to be looking for interesting opportunities down the line, which may come from people you know. Don’t limit yourself by what you think the options are when you come out of the program. There are so many options out there and there is probably a position that fits exactly what you want to do.

 

What was the best piece of advice you received while in college?

Early in the program, someone said half of what you will get from college will come from outside of the classroom. I did lots of things on and off campus and the city of Austin is an incredible resource. Don’t be afraid to get experience in an area that you love, even if you don’t know how it might apply to your eventual career. There are so many amazing opportunities in Austin, even if it is through volunteer work with an organization you find interesting.

BHP Senior Leads Texas Rock Climbing to National Victories

will_1BHP senior, Will Butcher, has found a unique passion outside of his studies in the program: rock climbing. The Plano native is now president of Texas Rock Climbing team on campus, which became a UT affiliated organization just two years ago. Learn more about how Will has managed to juggle four majors (BHP, Finance, Plan II and Spanish) and lead the team to a national victories.

Why did you choose UT, and why did you specifically choose BHP?

I always thought about going to UT, because there is a long tradition of UT graduates in my family, including my older brother, my dad and both of my dad’s parents. After I found out that I had been accepted into both BHP and Plan II, I knew that I wanted to go to UT, because I was aware of the great reputation of both programs. I do not think that I could have chosen a better place to go to school than UT as a student in both BHP and Plan II.

How long have you been rock climbing?

will_2I have been climbing since I was nine years old. I got into climbing after I went to a summer camp at a climbing gym in Dallas called Exposure. The coach of the youth climbing team there invited me to join the team, and I begged my parents to let me on. I started competing with the team when I was 10 and have been climbing and competing ever since. Climbing has allowed me to travel around the country and around the world to compete, and I have had the honor to represent the U.S. in the Youth World Championships for climbing two times, first in Austria when I was 14, and again in Ecuador when I was 15. Before coming to UT, climbing on a team, training, and competing had been a huge part of my life for a long time, and I feel so fortunate to have been able to continue climbing and competing at UT. My freshman year at UT was the year the UT climbing team was established and the first year UT competed in the Collegiate Climbing Series, which was started in 2009 by John Myrick, who currently coaches the UT climbing team and has been coaching climbers in Austin for over a decade. UT currently has the largest climbing collegiate climbing team in the country and has had a very successful track record, winning all three consecutive National Championships it has competed in since the founding of the club team at UT.

What is your role within Texas Rock Climbing?

I took over as president of Texas Rock Climbing my sophomore year, becoming the second president of the club, which had just become an official sport club at UT the preceding fall. I was president of the club for two years before handing the reins over to my successor this past spring. As president, I led a group of eight other officers who helped manage the club of 50 active members. We hold practices four days each week at the Austin Rock Gym and at the Gregory Gym climbing wall. Practices involve climbing, strength training and running. As a club we volunteer for local youth climbing competitions and participate in trail-building projects at climbing areas around Austin, like Reimers Ranch and Enchanted Rock. We also host two competitions each year, and our spring competition is a Collegiate Climbing Series competition that counts toward the regional score for CCS competitors and teams.

Texas Rock Climbing took first place at the National Collegiate Climbing Series in 2012, 2013 and 2014. How did it feel to have the UT tower lit in honor of the team’s accomplishments?

will_3Lighting up the Tower is one of the proudest moments a UT student can have! It is such an honor to see the Tower burning orange because of an achievement you had a hand in. Coming from a line of UT alumni, I have a strong sense of the value of UT traditions, and my family was incredibly excited to see the climbing team light up the Tower. Looking back on my time with the UT climbing team, I am so proud of all of the hard work of our team members and the amazing bond that has formed among team members, and I am honored to feel that I had a role in building the team and so grateful to have formed those connections and had so much fun doing something I love. UT is full of talented people who are successful in a wide range of pursuits, and I hope that Texas Rock Climbing will continue a legacy of climbing success at UT for many years to come.

What is your favorite part about the sport of rock climbing?

Rock climbing is not just a hobby to me. Climbing has been a passion for me, and my experiences with climbing have profoundly shaped who I am as a person. The things I have learned through climbing carry over into all aspects of my life. Through climbing, I learned the meaning of dedication and hard work, how to visualize success and overcome obstacles, how to step out of my comfort zone, how to handle both success and failure, how to have fun and enjoy the present while staying intensely focused and motivated, and so many other lessons that have helped me become who I am.

One of my favorite parts about climbing is that it takes you all kinds of places that you would never visit otherwise. Climbing has allowed me to travel around the world and to experience beautiful natural areas and a diverse set of people drawn together by their passion for climbing.

Besides rock climbing, what are you passionate about?

I am currently writing my Plan II senior thesis, and I have had the opportunity to study microfinance in-depth. Since freshman year, I have been drawn to thinking about how business can do good for the world, and I became interested in the idea of social entrepreneurship. The tension between the profit-motive and social responsibility has been a concept I have spent a lot of time thinking about at UT, with many of my classes providing new viewpoints from which to view the issue. Microfinance proposes to offer a win-win solution to world poverty while also profiting investors. In this way, microfinance offers an example of how capitalism can be used for social good beyond the goal of maximizing wealth creation. My thesis will examine microfinance and will seek to understand how microfinance might or might not play a role in sustainable economic development in developing countries around the world. I will travel to Ecuador in August to conduct research for my thesis, which I will complete this December.

What has been your favorite BHP course and why?

My favorite BHP course was MIS with Konana my freshman year. It was my first experience of what BHP classes were like, and I remember feeling excited that my classes would be all of the things that I had hoped for: rigorous yet engaging, filled with eager and intelligent peers, and taught by outstanding faculty. I had a lot of fun solving challenging problems in Excel and learning valuable analytical skills right away freshman year.

What are your plans for after you leave the 40 Acres?

This summer, I will be an investment banking analyst at Jefferies in Houston. I am really excited for the summer, and I plan to pursue a full-time analyst position to begin next year after graduation.

 

 

 

 

 

 

 

 

 

 

 

 

 

BHP Junior Launches Music Career

Colin_leonard

Colin Leonard, BHP ’16

At McCombs students are urged to use their degree towards their individual passions from non-profit organizations to corporate relations. Only occasionally do we encounter a student that chooses to pursue the arts. Colin Leonard, BHP ‘16 and brother Drew Leonard, BBA ‘14, have found solace and success in the music industry. Colin has become a singer/songwriter and Drew is Colin’s manager.

Colin began songwriting in November 2012 and released his first album on iTunes shortly after. The album did very well receiving almost 2,000 downloads. Feeling confident in his abilities, Colin and Drew felt there might be a bright future ahead if they follow this path. The duo started a Kickstarter page asking for donations and met their goal of $8,000 in just 10 days. The page ultimately resulted in $11,000 in donations.

Most recently, Colin released Valleys EP, which debuted on iTunes under the singer/songwriter genre up against big names such as Ed Sheeran, Nickel Creek, and Passenger. Valleys held it’s own and reached #5 on the genre’s chart for 3 days and remained in the top 20 for two weeks. Colin and Drew are both very humbled by the success of the album.

The Leonard brothers have always had an interest in singing and music as they were both active in chorus groups at their local church growing up in San Antonio. Things really took off recently when Colin and Drew partnered together.

“We have meetings together, which is really just two brothers going to a coffee shop,” said Colin. During these meetings, the brothers talk about the future of Colin’s music career and how to create and maintain an online persona. “It’s been hard trying to strike a balance between being a real person that’s young and just 20 years old, but I’m also trying to pursue this professional career,” said Drew. Colin looks to Drew for creative support as well. When Colin writes a song he shares it with Drew for honest feedback that he can trust.

Drew_leonard

Drew Leonard, BBA ’14

“Right now it’s all about building connections and trying to manage his personal identity, being a young, goofy college sophomore, while also building a more serious and professional online personality that fans can connect with and respect,” said Drew.

Colin sometimes struggles with time management when juggling honors coursework; work at a local church, involvement with Younglife and his music career. However, he is fortunate to have made many friends in the honors program to lean on for support and help in navigating his commitments. “BHP is a great opportunity and I don’t want to waste that,” said Colin.

When asked which professor has been most influential, Drew expressed his gratitude to marketing professor, Jonathan Highbarger, for teaching practical and applicable skills. Drew graduated in May with a degree in marketing and accepted a full-time position with SHI, a technology sales company, as an account executive.

Colin will continue to grow as a musician and work hard in the Business Honors Program. He is projected to graduate in May 2016.

Check out Colin’s music on his website or iTunes.

Senior Reflections from the Class of 2014

Each May we have to say goodbye to around 100 BHP seniors as they graduate and move on to the next phase of their lives. The BHP Class of 2014 made their mark not only on BHP, but on McCombs and the entire UT campus. In fact, they even raised more than $22,000 from their class this past month to benefit the BHP Make-a-Mark scholarship fund, which funds merit-based scholarships for incoming BHP students. Before they left, we asked some of them to provide us with reflections on their time in the BHP. We look forward to welcoming all of the BHP Class of 2014 graduates to the BHP alumni family!

 

BHP has given me community, perspective and direction. My peers were the ones who motivated me to interview for a consulting position at Bain, and I couldn’t be more grateful to them as I look forward to what comes next. The faculty in BHP is incredible, and I have found some of my best mentors in my professors. I have been able to gain such a competitive education within such a supportive environment has made for an incredible four years that I will always cherish.

Holland Finley
Associate Consultant, Bain

I am so unbelievably honored to be a part of a community filled with driven, successful, talented people. The program has challenged me within and without the classroom, helping me to excel in academics and extracurriculars. I found a home in BHP and a group of friends for whom I am immeasurably grateful.

Mukul Ramakrishnan
Attending Medical School

The past four years in BHP have truly been the best of my life. I never anticipated the second family that I would find here or the vast amount of knowledge I would gain from my professors. My BHP roots will always stay with me throughout my career and will definitely give me a leg up in my future endeavors.

Chris Pavlich
Management Consultant, Sense Corp

The Business Honors Program has defined my college experience. In the program, I have met some of my closest friends and have been able to grow into the person I am today. I will forever be grateful to BHP for everything is has offered me, and I plan to stay connected to the program for many years to come.

Oscar Barbosa
Financial Analyst, ExxonMobil

The BHP has been more than an academic program for me — it has been a community. The students and professors have not only pushed me to greater heights academically and professionally, but they have also been my closest friends and mentors.

–  Courtney Brindle
Business Analyst, Deloitte Consulting

The BHP has been my home for the past four years; it has provided me with the best undergraduate business education, amazing career opportunities, and many life-long friends. I could not have imagined a better college experience. The relationships that I have developed here will remain long into the future.

Robert Belanger
Financial Analyst, ExxonMobil

The Business Honors Program really fosters personal growth beyond the walls of the classroom. No matter what pursuits you have, you’ll be supported by a tight-knit community of accomplished friends that challenge you to outdo yourself and leave an impact somewhere on the 40 Acres or beyond it. It’s the call to always outgrow my comfort level that will carry with me after graduation day.

Nick Bedenkop
Financial Analyst, Frito-Lay

BHP has given me the unique opportunity of developing a more holistic view of the business environment.  I think that college students have a tendency to identify a subject they like and then narrow their focus on that particular topic – BHP gives room for students to create a basic understanding of and appreciation for multiple business functions, outside of purely finance or accounting, for instance.  This wider perspective is valuable to employers and has given me a competitive edge in the labor market.

Daniel Amin
Investment Banking Analyst, Goldman Sachs

I could not be more thankful for the incredible education I received from the Business Honors Program. The BHP has challenged me to become a more critical thinker and to continuously set higher academic and professional standards for myself. I have made lifelong friendships with my peers, advisors, and professors, and know I will have a strong support system from my BHP community in the future.

Bari Rabinovich
Assurance Associate, PwC

The Business Honors Program defined the majority my college enjoyment and success through the unique academic, professional, and social opportunities it provided. In addition to working with incredibly talented and passionate students and faculty, I made my best friends in college through the close-knit community of BHP. I am certain that the friends I met and the lessons I learned while in BHP will stay with me long after graduation, and I look forward to staying involved with BHP as an alumnus.

Forrest Ripley
Graduate School – UT Data Analytics Program

As a Student Recruiter for BHP, I always tell prospective students that the people in this program are what make it so great. The students in BHP are some of the most inspiring, talented, dedicated, and genuine people that I know, and they push me every day to be a better student, person, and friend. This network of peers has really shaped me into the person I am today, and the relationships I have made in the program will no doubt last beyond graduation. I am truly grateful to be a part of this community.

Josh Hu
5th year Masters in Professional Accounting (MPA) student

The Business Honors Program has profoundly shaped my undergraduate career by challenging me every day to think critically about the type of leader that I aspire to be in all facets of my life beyond the Forty Acres. I could not be more thankful for the education and professional opportunities the BHP has offered me throughout my time in McCombs, and most of all, I cannot fully express my gratitude for this wonderful community that is shared by all students, faculty, and staff in the program. A number of my fondest memories in and outside of the classroom over the past four years have been with my BHP peers, and I look forward to cherishing these lifelong friendships in the many years ahead.

Michelle Moon
Financial Analyst, ExxonMobil