An Experience at the Global Women’s Initiative Conference

Anna.Hiran Photo

Written by Anna Hiran

Earlier this summer, Texas Scholarships posted an interesting scholarship opportunity on their website. The entry requirement was to write an essay of 2,500 words about women embracing risks and innovating solutions in the business environment. After much researching and editing, I sent in my 11-page essay that addressed how we can encourage millennial women to reach for positions past middle management by “leaning in” rather than “leaning back” in high-risk situations. In September, I received a phone call from Womenetics, the B-corporation that provided the scholarship opportunity, informing me that my essay had made the top-five cut out of more than 200 entries. It all felt so surreal. The award included a trip to Chicago to speak on a panel at the Global Women’s Initiative Conference and a generous scholarship prize sponsored by Discover.

On November 11 and 12, I visited Chicago for the first time to attend the conference and had the chance to visit Northwestern University, speak with partners from Bain & Company and Goldman Sachs, and listen to the former President of IKEA North America and Roberta Phillips of the U.S. Chamber of Commerce. The conference was held on the 66th floor of the Willis Tower (formerly known as the Sears Tower) and showcased Chicago’s beauty through the ceiling-to-floor windows in the ballroom. The room was filled with bright, inspirational women who were anxious to share their stories about being a female in the workplace and how we can engage young women going into business to take up leadership roles and advance to C-suite levels.

My top takeaways from the conference were:

1. Don’t be afraid to ask for help. One of the panelists was a principal of eMentorConnect, a company dedicated to building corporate mentoring solutions within a workforce. She highlighted the benefits of asking for and gaining the support of other women and how people who work with and mentor each other are an organization’s greatest asset.

2. We need more women in government. Twenty female senators served in the U.S. Congress this past legislative session; there are 100 seats in the Senate. While 20 women in the U.S. Senate is a record-breaking number, the U.S. legislative body needs to be more reflective of our country’s population. Women bring diversity not only in gender, but also in thought and idea, and because of this, having females in leadership positions is becoming even more important.

3. Get back in the game. More and more companies are creating a work schedule and environment that is flexible and friendlier for women who return from maternity leave. Rather than slowing down, continue striving for high professional goals. One of the most memorable quotes said at the conference was, “don’t short-change yourself.” Have the confidence to keep aiming for the top because there are many companies out there that will be accommodating and support you as both a career woman and a mother.

I cannot thank Womenetics and Discover enough for the experience at the Global Women’s Initiative Conference, but the most appreciation goes to the knowledgeable female business leaders who are acting as mentors for young women in the workplace today. The insight and advice they gave sparked motivation and optimism in everyone sitting in the room. The chance to speak at the conference about my experience as a millennial was humbling, and I now feel a new energy and confidence to advance as a female in the workplace. I hope to attend more conferences like this because I learned an incredible amount over the course of just two days, and the issues discussed were all relevant to me as a BHP student. I look forward to seeing more innovative women become leaders in business and can say that the future of millennials looks brighter than ever.

Student Profile: Adam Petras – UBC President

AdamPetrasBHP Senior, Adam Petras, began his role as President of the Undergraduate Business Council (UBC) at the beginning of this semester. He joined UBC at the beginning of his freshman year and has been actively involved ever since, continuing to make a positive impact on the McCombs undergraduate community.

Why did you choose UT and specifically, BHP?

I decided to go to the University of Texas because it had everything I was looking for in a college experience: top-tier academic programs, a huge campus with 50,000 students, and a great city to live in. I actually came in to UT as a non-BHP McCombs student, but after learning more about the case-based curriculum, small class sizes, and sense of community that BHP had, I was motivated to apply as a sophomore transfer.

How did you become involved in UBC?

I first learned about UBC during Freshman Orientation. As I was waiting for my parents to pick me up I began talking to one of the Orientation Advisors to pass the time. She seemed so driven, poised, and confident and was telling me about how joining UBC was one of the best decisions she made at UT. This conversation inspired me to learn more about the Undergraduate Business Council and to apply to UBC when I returned to campus. I applied to UBC as an At-Large Member and also ran for the Freshman Elected Representative position. Although I didn’t win the Elected Representative election, I was selected as an At-Large Member.

How has your involvement progressed throughout the years? What different leadership roles have you held?

My involvement has progressed from a committee member and elected Senate Representative to a leader of the organization. During my first two years on council, I participated in a mix of internal-facing and external-facing committees and responsibilities. After sophomore year, I decided to run for Financial Director of UBC, and ended up serving in this role during my junior year. This year I have returned to the Executive Board as President and am really enjoying the experience so far.

What types of events does UBC put on?

UBC hosts a wide variety of events. From career events such as The VIP Distinguished Speaker Series, Company Field Trips, and case competitions to academic events such as McCombs Talks and the McCombs Executive Summit, UBC provides McCombs undergraduates opportunities outside the classroom to make the most of their education. We also host many student life events such as Engineering vs. Business week and BBA Legacy to help create a strong sense of community within McCombs.

What have you gained by being part of UBC?

I have grown a lot on the professional and academic side through really strong older mentors, and by being in an environment where everyone is highly motivated to achieve their goals. It is very empowering to be surrounded by such great people. I have also grown a lot personally. Through my leadership positions these past two years, I have become much more proactive and organized, and have made some of my best friends through UBC.

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

I hope to spur a culture of innovation and excitement within UBC this year. As an established organization, it is easy to do the same thing every year and accept the status quo, but this year we’re really trying to look for ways to improve how we serve the undergraduate students of McCombs. Whether it be through a new or revamped event or through working with faculty and administration, we are striving to push the boundaries and elevate our effectiveness in serving the McCombs School of Business.

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!

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.

Student Profile: Rachel Gosch

RachelAfter spending the summer before her junior year conducting research, BHP senior, Rachel Gosch, was ready for a challenging internship this past summer. The mathematics major was interested in finding something technical that also involved consulting. At a loss for where to start, she Googled “Statistical Internships,” and discovered Summit Consulting.

Summit Consulting in Washington, D.C., was calling for an intern in their Federal Credit Modeling and Forecasting branch, which was right up Rachel’s alley. Rachel applied and completed two phone interviews before landing the position as a Summer Analyst with Summit. Once she accepted the internship, she spoke with her eventual mentor at Summit to determine which groups and projects would be a good fit for her.

Being in D.C., Summit works a lot with government entities such as the Department of Transportation. Within her branch, Rachel was placed on a team consulting the Small Business Administration (SBA).

Rachel and her team were tasked with two main contracts with the SBA. First was working on Independent Verification and Validation (IV&V) of their different cash flow models. Her team acted as a third party consult to help the SBA forecast their budget and project how much to allocate to their different lending. The second task was to perform portfolio analysis on those lending programs to assess which lenders may be high-risk.  Rachel’s team then had to present their findings to the client, “The presentation skills I learned in BA 324 really helped me make the findings understandable and presentable,” said Rachel.

Working in the nation’s capital, Rachel had the chance to learn a lot about federal budget planning and allocations for groups such as the SBA, “I wasn’t expecting to learn so much about the SBA! I now know all about the different federal lending programs available for small business owners, how the process of receiving such a loan works, and the different criteria used to grade SBA-approved lenders,” said Rachel.

rachel_interns

The six summer interns at Summit, including Rachel

Rachel spent 10 weeks in D.C. interning at Summit and one of her favorite parts of working at the consulting firm was the young atmosphere. “Summit is a young company, so most of the people that work there are around my age, which made fitting into the culture easier,” said Rachel. There were six interns total at Summit this summer and they became close doing things together outside of work. Of the six interns, Rachel was one of two undergraduates, the other was a student from University of North Carolina. The remaining four were graduate students at George Washington University (MBA), American University (MS), University of Tennessee (MS) and Rutgers University (MS).

In her senior year, Rachel is currently deciding between continuing her education or entering the workforce. She is actively applying to different master’s programs in Financial Engineering and Financial Mathematics. She is particularly interested in a Management Science and Engineering program at Columbia and will also likely apply to UT’s Business Analytics program. She is keeping her options open and also recruiting for positions dealing with statistics, data analytics and/or financial modeling.

Looking back on her time at UT, her fondest memory is all of the football games and seeing the tower lit orange, particularly when the team beat OU in 2013 and A&M in 2011.