Catching Up With Scott Anderson, MBA ’10

Texas MBA AlumnScott Anderson is a member of the Texas MBA at Dallas/Fort Worth class of 2010.

What have you have been up to since you finished our program?
Prior to graduation, I transitioned into a Product Management position inside of a large networking company. Shortly after graduation, I was promoted as a leader on a Product Management team that is responsible for over $1B of revenue per annum. As a PM, I have had the opportunity to: renegotiate royalty structure and rate (increasing product flexibility while reducing COGS), develop and execute a product lifecycle plan (delivering more subscription value while reducing sustaining cost AND improving customer satisfaction), and drive multiple strategic product initiatives.

What made you want to get an MBA?
As a software architect, I was empowered to solve a given set of problems. I wanted to broaden the scope of my impact on product direction and asset utilization. I also wanted to improve my career opportunities and position myself for short and long-term growth.

Why did you choose the Texas MBA at Dallas/Fort Worth?
As I examined my top criteria, the Texas MBA at Dallas/Fort Worth was the obvious choice for my MBA.

MBA brand: If I was going to invest the requisite resources into an MBA, I didn’t want to ever regret the brand that is on my diploma. The Texas MBA is an elite brand that is globally valued. Don’t get too caught up into whether this degree costs a bit more than that one. You are only going to do this once.

Flexibility: I needed to be able to continue to work as I am the sole provider for my family.

Networking/Alumni: Dallas/Fort Worth program has a rich mix of amazing talent to share the MBA experience with. Also, having the access to the alumni database can be a great advantage when applying for a job. (Story: I recently got a call from a graduating Evening MBA student who was interviewing at my company for a product management job. I spent some time giving him background, roles, and responsibilities for product managers at my company. He can now prepare how to articulate his knowledge, skills, and experience as it relates to my company’s needs.)

Defined Term: Trying to schedule a part-time MBA around work would be horribly difficult. It would take multiple years to complete. I wanted a program that I knew I could complete in two years. Be aware of opportunity costs! Time is money!

How did your experience in this program impact your life and career?
I was truly amazed at the breadth of impact my MBA has had on my life. Attaining a Texas MBA was a critical, foundational component of my career transition plan. It has also changed the way I view so many things! I tell prospective students to try to be open to the experience. It’s best not to go into the program rigidly trying only to extract X, Y, and Z. It is better to be open, learn, and be changed from the experience.

What have you been doing with your “extra” time now that you aren’t having to spend it studying and in class?
Work and family life has filled in most of the gaps. My girls are into gymnastics and equestrian. I am also noodling on a startup idea…

Anything else you’d like to share?
For prospective students: You know if it is time… do it! You will be stretched (I promise). But it is very doable.

For current students: If you are going to transition jobs, create a solid plan to do so. Some things are out of your control. Do whatever you need to to make it happen! Take on a MBA+ project (or two). Dig deep and come up with a little extra (it can make all the difference!).

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Big Things Ahead For Texas Venture Labs

Texas Venture Labs Closing NASDAQ Stock MarketLast year at the Venture Labs Global Investment Competition, Rob Adams, the popular McCombs instructor and director of the Jon Brumley Texas Venture Labs (TVL), promised everyone in attendance that big things were to come.

“I’ve got two big goals,” Adams said. “To make McCombs the No. 1 school for entrepreneurship in the world, and to launch a bunch of successful companies in the process.”

McCombs rose to No. 5 in the 2012 Princeton Review entrepreneurship ranking, and in a recent Q&A with McCombs Today, Adams predicts bigger things ahead.

What’s new on the venture startup horizon at McCombs?

RA: Everything we do will have a touch of new, beginning with the arrival in January of Rob Warren as the assistant director of the Jon Brumley Texas Venture Labs. Rob’s hire is a direct outcome of the naming gift we received back in May. I promised everyone at the global competition last year that big things were coming, and we’re moving at startup speed to fulfill that commitment.

Rob comes to us from the University of Manitoba, where he teaches, runs an entrepreneurship center, raises investment dollars, mentors business teams — you name it. I’ve asked him to give renewed focus and energy to our Texas Venture Lab Investment Competition. Watch for this competition under his guidance to attract increased participation from a greater number of schools across Texas, and more money on the table for winners.

In February we’ll announce the results of the Texas Venture Labs Scholarships Program, a new program that gives scholarships to entrepreneurs to pursue their startup businesses as part of earning their MBA — that’s a value of about $175,000.

Finally, expect changes in our Global Venture Labs Investment Competition, which we’re tightening up with the goal of spinning off more successful ventures. Our theme for the competition is “investor ready,” and that’s exactly the quality of business teams we are attracting.

Not to forget one of my favorites, our popular NASDAQ event with the GVLIC winner will expand to include more interaction with corporate partners, advisors, and students.

To read the rest of the Q&A with Rob Adams, visit McCombs Today.

Connect With A Current Student This Winter

With the winter break nearly upon us, we’re excited to announce the return of Coffee Chats with current students.

As Texas MBAs take advantage of the time off of school to head back home, travel to see friends or family, or just vacation in a new city for a few days, many of them have also made time in their schedules to meet up with prospective students to talk about the program.

These informal Coffee Chats present a unique opportunity for those of you who have not been able to attend an info session or take a class visit. Through the current MBA students, we will bring the Texas MBA Program to you, as they are able to answer questions about the program and address any concerns that you have about the application process.

The students will be hosting Coffee Chats in numerous cities over the break – to see a full list of Coffee Chats for each program, visit the links below:

We really hope that you are able to take advantage of this great opportunity and make it out to one of these events – our students can’t wait to meet you!

 

Fund Your MBA With A Business Plan

Think your business plan can hold up against fierce competition? The recently announced Texas Venture Labs Scholar Program from the Jon Brumley Texas Venture Labs (TVL) could help fund your MBA. The program awards scholarships to entrepreneurs to pursue their startup businesses as part of earning their MBA.

Attend our Texas Venture Labs Scholar Program webinar this Thursday, December 13th at 12 PM CT to learn more from current students about TVL, the scholarship competition, and entrepreneurship in general.

The total potential value of each TVL Scholar award is $175,000. Competition winners will receive a scholarship package of $50,000, and their startups will be accepted into the Texas Venture Labs accelerator program, also valued at $50,000. Winners will also be automatically considered for a TVL summer internship and for a prestigious position as a postgraduate Accenture TVL Venture Partner, a combined value of $75,000.

Business plans and presentations must be submitted electronically by Jan. 7, 2013. Finalists selected from this group will participate in the competition Feb. 9 on the University of Texas at Austin campus. Plans will be judged by a panel including TVL’s Accenture Venture Partners and representatives from the Texas MBA admissions committee and the McCombs entrepreneurship faculty.

If you have any questions about the program, feel free to reach out to us at anytime. We hope that you’ll join us on Thursday to learn more during the webinar.