Professor Spotlight: Eric Chan – ACC 312H

Professor Eric Chan teaches Managerial Accounting (ACC 312H) for the Business Honors Program at UT – the second class in the introduction to accounting sequence. Chan’s schooling has brought him around the world: from his hometown in the bustling city of Hong Kong, to grade school in England, undergraduate studies at The University of Maryland, Ph.D. studies at The University of Pittsburgh, and finally to his professorship at The University of Texas at Austin.

This semester is Dr. Chan’s third semester at McCombs, and he currently teaches three sections of BHP classes. Chan enjoys that managerial accounting focuses on a company’s management structure, with a strong focus on behavioral elements, as opposed to a focus on strict financial structure. Chan finds it very fulfilling to see young students evolve as they learn, and grasp more in-depth concepts within the material he teaches.

Dr. Chan loves teaching, but it is not all that he has done. After graduating from The University of Maryland with his bachelor’s degree in Accounting and Finance, Chan received his Certified Public Accounting license and worked as a senior auditor for Ernst and Young for four years. While he saw his department as incredibly important for the health of a business from an audit perspective, Chan ultimately did not see himself pursuing this path decades in the future. Instead, Chan desired a path of further learning, achieved through academia. This inspired him to attend The University of Pittsburgh where he received his Ph.D. in Accounting, allowing him to explore different fields of accounting and economics.

In addition to teaching, Dr. Chan spends much of his time conducting research on behavioral and experimental economics, performance management and evaluation, and promotions and incentives. Chan says that he is most proud of his dissertation paper that he wrote while pursuing his Ph.D. The paper, titled “Promotion, relative performance information, and the Peter Principle,focuses on how employers make promotion decisions differently depending on relative information provided to workers. In fact, Chan was honored with the Best Dissertation Award of his 2016 Management Accounting Section, and he hopes that he will be able to publish his findings soon.

After teaching at The University of Pittsburgh, Chan took a leap and moved to Texas to become an assistant professor at McCombs due to its stellar #1 Accounting department, the distinguished professor colleagues, and the unprecedented access to research UT provides. When asked about long-term plans, Chan said that he does envision himself at UT in 40 or 50 years’ time, believing that he will still love accounting as the practice changes over time.

Dr. Chan loves discussing all things accounting and economics, so stop by his office hours (even if you’re not in his class!) on TTH 2:30-4:00pm at CBA 4M.234. If you want to get to know Dr. Chan a little bit better, but already understand the fundamentals of managerial accounting, consider asking him the following questions:

  1. What is your favorite type of music, modern and old-school? (note: Dr. Chan likes to begin class with nostalgic early-2000’s music)
  2. Out of the many places you have lived, where has been your favorite?
  3. If you could have an alternative career, what would it be?

Professor Spotlight: Bill Peterson – MKT 337H

Which courses do you teach?  I teach the honors and non-honors sections of Principles of Marketing (MKT 337). I’ve also developed a class on professional consulting, called Strategy Consulting for Marketers (MKT 372), for students who have an interest in pursuing consulting or want to gain an understanding of business strategy.

What do you enjoy most about teaching BHP students? I love to work with high potential students to maximize their opportunities and help build the skills they need for their post-graduation goals. I enjoy teaching BHP because the program offers a high concentration of those types of students. BHP has some of the most enjoyable students I’ve worked with. They are insightful, dedicated, and enthusiastic, which makes for a fulfilling classroom experience.

Can you tell me more about your independent consulting work? Outside of teaching, I work as an independent consultant with mostly Austin-area businesses to help them solve their operational issues and grow. Most companies need what I like to call basic blocking and tackling. It’s shocking how even the biggest companies we know of don’t have a solid STP (segmentation, targeting, and positioning) strategy. Consulting isn’t rocket science. It’s about implementing the fundamentals, which can be enormously powerful for most companies. As I teach in my class, marketing isn’t limited to just the marketing and promotional department of a company. It encompasses the foundation for the entire business, from how they choose to operate and strategize. I enjoy helping companies appreciate the fundamentals and seeing the results that come from it.

Tell me about how you got into teaching. I’ve always wanted to teach and made it a goal to someday do it. After working in industry, I started teaching at UT’s Professional Development Center, which offers informal classes for adult development. I quickly realized that teaching is much harder than it looks. From my time at UT’s Professional Development Center, I developed the skills and confidence to work with students. A while later, I heard about an opportunity with the Marketing Department in McCombs, and it just worked out. I was in the right place at the right time. I’m very fortunate to be able to do what has been a life goal of mine.

When and where are your office hours? My office is in CBA 5.176C.  This semester, my office hours are: Monday 5:00-6:30pm, Tuesday 1:30-3pm, and Wednesday 9am – 10am. I encourage students to stop by not only to chat about class work but also if they ever have questions about life, careers, networking, etc. I’m always available if a student needs to set up an introduction or informational interview with someone through me, and since I work with several businesses in Austin, the people at those companies often times let me know about opportunities that may be of interest to students.
Questions to consider asking Mr. Peterson in office hours:

1) His time at Dell and other previous industry experience

2) His independent consulting work

3) His ranch

4) Piloting his own plane

5)  Stories about his travels and being a foodie

Professor Spotlight – Prabhudev Konana – MIS 301H

Professor Prabhudev Konana teaches the Introduction to Information Technology Management (MIS 301H) course. He is known by students as the Apple enthusiast who gives brilliant lectures in MIS 301H, but Professor Konana has a lot more to offer than all of the IT knowledge he brings to class. Professor Konana is passionate about researching the value of social networks, global sourcing, and business value of IT. He uses a global mindset, as well as his own personal experience, to investigate the changing conditions of society in the realms of both technology and sociocultural trends.

Professor Konana has received numerous accolades and awards for both his teaching and his research, but he attributes his success to “how well [his students] do in their lives.” He loves to teach but also to learn from his students. He believes his students are going to be better than he is, which changes his teaching mindset. Each day, he looks forward to learning from his students’ questions and feedback, while he teaches.

Growing up in India and traveling to the United States to obtain his degrees from The University of Arizona, Professor Konana has a very interesting dual perspective on life. What brought him to the point of being an influential figure here at The University of Texas is the opportunities and struggles he has faced throughout different stages of his life. He loves to talk about history and culture and how they have shaped his world. His advice to his students is to never be satisfied. “If you are satisfied with something, then you will never pursue anything else. There has to always be some emptiness and there should always be some desire.”

Professor Konana loves meeting with his students and chatting about anything from technology to global social issues. His office hours are Tuesdays and Thursdays from 3:00pm – 4:30pm in CBA 5.244, or by appointment. Not sure what to talk about? Here are some great questions to help you get a great conversation going.

  • What is your outlook on the American Dream and has that changed since you left India for the United States?
  • How do I deal with differing opinions on religion and politics?
  • Tell me about the book you are writing.
  • Who are your heroes?
  • What do you wish you knew when you were my age?
  • What do you look for in a good book?

New Program Teaches Students Leadership Skills in the Outdoors

BHP piloted a new program this year in conjunction with the National Outdoor Leadership School to take a group of students on a leadership trek through Arizona. Eight students, all freshmen with the exception of one sophomore, left in early-January for seven days in the Galiuro Mountains. The group was accompanied by two NOLS instructors and one BHP staff member. They traversed 33 miles, climbed nearly 7,000 feet and set up camp each night.

The leadership trek is designed to help students develop their leadership skills, their attention to detail, and their efficiency of action. Each participant had the opportunity to act as the designated leader of the group for a day, and to give and receive feedback on their leadership.

The group loved the experience, and luckily there were no injuries or major setbacks during the week. “My favorite parts of the trip were being able to truly experience an unknown environment, getting to know everyone in BHP fully, and testing my boundaries,” said Maggie White, a BHP freshman. “I am so grateful that BHP gave me this opportunity to push myself to be a better person.”

Rayja Atluri, another trip participant, added that the trip really put things into perspective for her. “Every day we woke up around 6:30 am, had to put water on to boil and make breakfast, get cleaned and packed up, then we hiked all day.  When we got to where we were going to camp we had to scout out places to sleep and cook, then we had to set everything up, make dinner, debrief on the day, clean up, and by the time we were ready for bed it was close to 10:30 pm.  The next day we had to do it all over again. It put the feeling of ‘I’m tired’ into perspective.”

The whole group agreed that one of the best outcomes of the trip was that they all bonded. The students didn’t know each other well before the trip, and are now very close. Those on the trip also agreed that they learned a great deal about leadership and their own leadership style. Madison Gwynn noted the importance of helping those you are leading become independent. Nathan Hsu learned the skill of explaining the big picture, while outlining the important details.

The trip was modeled after similar trips done by the Texas MBA program through NOLS. BHP plans to continue offering a leadership trek in the future and hopes to expand participation in this program.

BP Offers Unique Opportunity Through Summer Program for Integrated Supply and Trading

Written by Austin Partridge

This past summer, I was fortunate enough to be one of 21 students invited from around the United States to take part in

BP’s Sophomore Experience, a program designed to introduce incoming and outgoing sophomores to BP and its Integrated Supply and Trading (IST) division. The IST division leverages BP’s petroleum infrastructure along with supply and demand information to supply products, trade, and manage risk for the company. After a quick flight to Chicago, we hit the ground running on day one, meeting some of the senior leadership at the company while learning as much about BP and IST as possible. One of the program’s aims was to educate us on how IST makes trades and explain their thought process for making them. We ended up learning about how the industry works and the basics of trading, all on the first day.

The chance to apply our newfound industry knowledge quickly presented itself. We soon found ourselves playing fast-paced supply chain games and working through challenging ethical case studies. Eventually, we sat down for our first trading simulation. In teams of two, we tried anticipating virtual commodities market movements by putting into practice everything we had learned so far, ranging from industry specifics to broad trading tactics. Ultimately, some profited and some lost, but I think everyone would have agreed that it was an incredibly fun learning experience.

While presentations and simulations taught us about IST, the lunches and dinners that we had were what really showed us what working at IST was like. BP wasted no opportunity to expose us to the company. Every meal, my peers and I were accompanied by different sets of people working for BP, including trading managers, current interns, traders, and analysts. I was exposed to about 20-percent of the IST’s team. While the focus was on the IST division, we also met people working in other areas of the company such as Marketing and Origination as well as Ethics and Compliance, giving us a comprehensive view of the company.

My experience introduced me to exciting career opportunities I otherwise wouldn’t have been exposed to. The trip allowed me to spend five days exploring Chicago, eating deep dish pizza, and socializing with students from across the country. On the final day, we even had the chance to meet with BP sponsored Paralympic Athlete Tucker Dupree. For five days, I developed an understanding of BP’s IST division while simultaneously having an amazing time. It was an experience I’d heavily recommend to anyone with even a faint interest in the petroleum industry, trading, or getting to meet great people.

Editor’s Note: BP is currently accepting applicants for their early experience programs offered to freshmen and sophomores, BP STEP, Integrated supply and trading Sophomore Experience and BP scholars program. Applications are being accepted through March 16, 2017.   The IST Sophomore Experience program will be held in Chicago from June 19-23, 2017. To learn more, please go to www.bp.com/us-studentopps.