Category: Career (page 1 of 17)

Texas MBA Career Treks

Each year, the Texas MBA Career Management team leads Treks to various cities to visit the main offices of different companies, giving Texas Full-Time MBA students a great opportunity to learn more about their industry of interest and allowing them to become more familiar with the culture at these companies. Visits typically consist of presentations, Q&A sessions, and numerous opportunities for networking with alumni and executive management.

One of the biggest trends our Employer Relations and Career Management teams have seen has been an enormous increase in student career interest in the West Coast. In 2010, 9% of Texas MBA graduates landed jobs on the West Coast — that percentage has nearly doubled with the class of 2016! Interest in technology companies has exploded, making it a large area of focus for our annual Treks.

Complementing those two trends, West Coast tech companies have been opening offices and/or growing their corporate presence in Austin i.e., Facebook, Google, Apple, Cisco Systems, eBay, PayPal, VMware and Electronic Arts just to name a few. We continue to build our relationships with these firms, as well as seeking new opportunities.

We have also seen every facet of student interest in entrepreneurship increase, from coming into the program already running a firm, or founding a company in business school, to working at a startup or fast growing company post-graduation.

In response, the Texas MBA Program has created many unique opportunities for MBA students to network with and connect to the startup community. We now host a biannual McCombs Entrepreneurship Night, which showcases startups founded by McCombs MBA students and/or alumni.

That event is held in conjunction with Austin Startup Week in the fall and during SXSW Interactive in the spring. The contacts made during these events are invited to our Entrepreneur Society (ES) events during the school year, such as the Pitch Party in the Fall and ES Connex in the spring, a networking night for local startups looking to hire interns or full-time candidates.

2016-2017 Career Treks 

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Texas MBA students at the Boston Consulting Group offices in Dallas, TX

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Texas MBA students at the Chevron offices in Houston, TX

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Texas MBA students at the A.T. Kearney office in Dallas, TX

bain-co

Texas MBA students at the Bain & Company office in Dallas, TX

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Texas MBA students at the Bank of America Merrill Lynch office in New York City

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Texas MBA students at AT&T headquarters in Dallas, TX

 

Navigating Change – A Timely Topic for the Society of Women Engineers

From Sharon Barrett, Director of Working Professional & Executive MBA Admissions

I’m so grateful for this aspect of my job. This week, I had the distinct pleasure of presenting to the Austin Chapter of the Society of Women Engineers on the topic of Navigating Change, one day after this country’s historic election results. Karen Landolt, one of our MBA+ Leadership Program Coaches, engaged this group of 40 smart, professional women in exercises and discussion on this timely topic at Dell’s Parmer Lane campus. Dell and EMC are in the process merging companies, philosophies and cultures, and being aware of something as simple as the difference between Boston, where EMC is based, and Austin’s Dell is so important in forming a more perfect union.

dell-info-session

Women in attendance represented a variety of engineering disciplines from a number of well-known companies in the Austin area, and they left with some practical tools to help navigate change in their organizations, their careers and in life. They also had a chance to network with each other and talk to Dell’s career team, as well as learn more about how an MBA can help advance careers not only through academics, but also through co-curricular resources such as the opportunity to receive 16 hours of one-on-one professional coaching from a prudently procured and prolific list of professionals. MBA+ coaches come with expertise in areas such as communication, executive career paths, leadership presence, professional image, improvisation (thinking on your feet), project management, media presence, creativity and innovation, emotional intelligence, and even accent modification among other skills.

If you’d like for someone from the Texas MBA to speak at your organization whether it’s a public or private company, or a professional or special interest group located in Houston, Dallas or Austin, please contact me at Sharon.Barrett@mccombs.utexas.edu.

How an MBA Can Help Your Startup Succeed

From Harlan T. Beverly, PhD, Texas Evening MBA ’04

Every year, thousands of students flock to MBA programs nationwide to learn the craft of business. In recent years, many of those students  have come with a gleam in their eye, that of launching and succeeding with their own startup.  At The University of Texas at Austin, MBA applicants can earn a scholarship for their idea, assuming their idea is strong enough. One of the key questions about entrepreneurial education, though, is this: what does it take to succeed at a startup? And more to the point, is that something you can learn in an MBA program?

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2016 TVL Scholarship winners Josh Berrington (left) and William Wilder (right)

Researchers in entrepreneurship have typically focused on the attributes of the founding team as key predictors of success.  While it is obvious that certain characteristics like risk tolerance, persistence, and charisma could be helpful in getting an entrepreneur started, there is still much debate about what it really takes to have a successful startup.

In 2004, I was one of those MBA students with that startup fire in my eye.  Now, a dozen years later and with three successful startups under my belt, I believe that there are many critical things that a student can learn in an MBA program to help better their odds of success.  Here are three things I learned as part of my MBA that I have leaned on to beat the steep odds of startup success (less than 1 in 10).

First and foremost: Define success before you begin. 

Not every startup idea is destined for an IPO or billion-dollar exit.  An MBA helped me to learn how to assess the business potential of a startup idea and set realistic goals for what success looks like.  All too often, startups fizzle out because they reach too high or even achieve limited success…but fail to exit at the right time.

Second: Learn, learn, learn. 

No matter what it’s called – “market validation” or “lean startup” or listening to customers – learning, and adapting is essential to success.  My MBA helped me understand both what I needed to learn (pricing for example), and how I could learn what I needed from real customers quickly.

Finally: Success is never achieved in a vacuum.

My MBA helped me to understand the importance of networking. Hiring and firing are essential leadership skills as a company grows, and an MBA not only helps you understand the leadership principles, but also helps you develop team-based skills to work well with others. For me, it was at UT Austin that I met the co-founders of my first company, as well as many future business partners.

Clearly there are many things to learn and skills to develop as part of an MBA. Can they help an entrepreneur be successful?  Absolutely.  The University of Texas’ Jon Brumley Texas Venture Labs has proven capable of developing MBA students into successful startup founders. The new Texas Venture Labs MBA Scholarship is now open and accepting qualified applicants with world-changing startup ideas. Learn more about the application requirements and submit your application today!

Alumni Spotlight: Blanca Lesmes, Texas Executive MBA ’11

Everyone has something they’re passionate about, and for Blanca Lesmes it’s increasing the accessibility of healthcare to women. Blanca graduated from the Texas Executive MBA Program in 2011 and has used her degree to propel this passion and save the company she co-founded, BB Imaging & Healthcare Consulting, ensuring increased access to ultrasound services for women in the Austin area.

We recently caught up with Blanca to see what she’s up to and to learn about her reasons  #WhyMcCombs.

Why did you decide to pursue an MBA and why did you choose McCombs?

In 2009, my organization was struggling to remain afloat during the recession. I knew that I needed to expand my toolkit to ensure the survival of the company. After visiting a class at McCombs, I knew I wanted to be in an environment that encouraged as much learning from professors as from the talented professionals in the class.

What was the most valuable lesson — inside or outside of the classroom — you learned while completing your MBA?

Oh wow, this is tough. I learned that success in business requires surrounding yourself with amazing people.

How has your McCombs MBA experience helped shape your success?

I have a better understanding of the business cycle. I am incredibly grateful for the network of people I now call my friends. They continue to challenge my assumptions and encourage my personal growth.

Tell us about BB Imaging & Healthcare Consulting. Why did you decide to start this company? What is your role?

BB Imaging & Healthcare Consulting provides ultrasound services and business solutions in healthcare. In 2004, there was a need in the obstetrical market for ultrasound solutions in communities surrounding Austin, this was the impetus for our inception. I am currently the President of the organization. I focus on business development In addition, our organization is a Federal Contractor and my role is to expand into providing consultancy services outside of Texas.

What do you love about your job?

MY TEAM!!! I am so lucky to be able to enjoy the folks I call my team. They are incredibly skilled and masterful at what they do. I couldn’t have imagined working with a kinder bunch.

What do you like to do outside of work?

I am passionate about working to increase accessibility of healthcare to women. Currently, I am on the board of an educational non-profit and a non-profit dedicated to providing women in Malawi (Africa) access to care. I love brainstorming new business ideas and problem solving. On a personal note, I have a tween and a teenager who keep me busy and fulfilled.

What advice do you have for future Texas MBAs?

Just jump! Do not overthink this decision. Many people do what I call “self de-select”. Meaning, applicants don’t even submit applications to the admissions committee because they determine themselves under-qualified. I challenge new candidates to present their best application and attempt this amazing journey. The worst that can happen is not enrolling in the fall which is the same outcome if one doesn’t apply. I say deal with “potential” disappointment and just jump.

Entrepreneurship at McCombs: Austin Startup Week

The McCombs School of Business, ranked #6 for entrepreneurship by U.S. News & World Report, offers many unique resources in one of America’s most innovative cities to prepare students for new business ventures. Many Texas MBA alumni have gone on to run successful startups not only here in Austin, but across the country. Check out some of the companies our awesome alumni have started as we gear up for Austin Start Up Week on October 3, 2016.

Sock Club: Noah Lee, MBA ’16

Sock Club offers a monthly sock subscription and customizable sock designs, with delivery straight to your door. 

  • Founded: 2012sockclub-847b3fcd4214f607a3f5e426e9e175b4
  • Advice to current students: Half the battle is getting started. You will never know if the idea will succeed unless you try it.
  • Favorite part of current position: Every day brings a new challenge.
  • Biggest challenge as an entrepreneur: Finding the time to get everything done and finding good help.
  • How did you and your partner Dane come up with the idea for Sock Club? We read a Forbes article on a subscription sock company that shipped black Italian dress socks, we liked the idea of a reoccurring revenue model, and thought it would be better to do it with colorful socks. Away we went.
  • How did McCombs and the Texas MBA Program help you in running your business? Running a new company requires managing your mistakes and opportunities, and is impacted by how effectively you can react to the results of your economic activity. The Texas MBA Program didn’t necessarily teach me how to do things. It taught me how to think about things and make decisions.

Nicely Noted: Perry Nelson, MBA ’10 

A stationery subscription service that delivers a curated collection of letterpress cards and stamps to your mailbox every month.

  • Founded: 2011xnorsrpc
  • Advice to current MBAs: Take risks while you have the safety net of being in school. You have unique access to almost anyone in the business community by approaching them as a student; take advantage of it.
  • Favorite part of current position: Wearing many hats! Every day is different, and the challenges run the gamut from working with developers, training interns, and pitching press for editorial coverage to assembling the monthly mailing, and more.
  • Biggest challenge as a business owner: Prioritizing and keeping the core value proposition at the forefront of all your efforts.

Beatbox Beverages:  Aimy Steadman, Justin Fenchel, Dan Singer, & Jason Schieck, MBA ’13

A ready-to-drink mixed alcohol beverage, prepared in Austin. 

Justin Fenchel says:beatboxlogo_retina

  • Founded: 2011
  • Advice to current MBA students: Take a chance — you have two years to explore what you really want to do. Try not to get caught up in the chaos of who has a job and who doesn’t. Take the time to find out what you really want to do because you’ll never have a better opportunity.
  • Favorite part of current position: Working doesn’t feel like work.
  • Biggest challenge as an entrepreneur: Stress and fear from starting a business in an industry that we effectively have no experience in.

You’re Invited to McCombs Entrepreneurship Night!

Smart People. Big Ideas. New Connections.

What happens when you combine Austin Startup Week with McCombs’ renowned faculty, world class students and alumni, and Austin’s hottest tech startups? McCombs Entrepreneurship Night!

Come meet successful McCombs entrepreneurs from the Texas MBA and Texas MSTC programs showcasing their startups. You’ll have the opportunity to network with current students, alumni and local entrepreneurs from the growing Austin Startup scene. Join us for discovery, a great time, and complimentary food & drinks.

Register for McCombs Entrepreneurship Night

Meet Us During the ATX Startup Crawl!

The ATX Startup Crawl is a celebration of technology and entrepreneurship in Austin! The Texas MBA Program will be present during the event to answer answer questions and share with you how an MBA degree from The University of Texas at Austin can help you increase your potential and jump start your career.

RSVP today to grab your spot to network with more than 90+ Austin startups and don’t forget to stop by our booth!

Thursday October 6, 2016 5:00pm – 10:00pm
800 Congress Ave, Austin TX 78701

RSVP HERE

Check out more startups started by McCombs alums: http://www.today.mccombs.utexas.edu/2013/12/mccombs-alumni-product-guide

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