Tag: diversity

Conquering a Finance Case Challenge

I recently participated in the 2015 Finance Challenge, where I joined a team with three of my classmates in analyzing a business valuation case study and presented our solutions to a panel of judges.

Here are my top five favorite moments of the Finance Challenge:

  1. Forming our dream team

The first step in any case challenge is assembling a team of four classmates who are interested in participating. The best teams are diverse – not just in cultural background, but also in skill set, work experience, and future goals. This is valuable because your team can generate unique ideas, you can learn from others’ experiences, and your presentation will be dynamic. McCombs has a wealth of diversity, so it wasn’t hard to create a solid team. I teamed up with a former investment banker, a former lawyer and banker, and a small business owner – and two of my teammates were even married!

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  1. Preparing to tackle the case… with Home Slice Pizza

One of the key elements in preparing for a case competition is social time. After we received our case materials, we visited an Austin staple – Home Slice Pizza – where we talked about the case’s important issues and our ideas to solve them over two large pizzas and a bottle of Chianti. This dinner set the tone for our whole approach to solving the case challenge – relaxed, yet confident and efficient.

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  1. Cracking the quants

The inner nerd in me (okay, I’m kind of an “outer” nerd, too) was extremely excited to build the financial valuation model for this case. So naturally, it was one my favorite moments. Our whole team was eager to flesh out every detail necessary to make the perfect model. We utilized topics and frameworks that we learned in our core corporate finance class as well as the “flex-core” valuation class. I suppose my background in financial consulting and my teammates’ banking experiences may have helped, too…

  1. Delivering the presentation

Case competitions are a great way for students to practice their presentation skills. As a former consultant, I did quite a bit of presenting, and I really enjoy public speaking. It was exciting to discuss our analysis with the judges and hear their feedback. For those who are looking to improve their communication skills, McCombs provides an invaluable resource: MBA+ Coaches. The MBA+ communication coaches are all current candidates or graduates of the UT Communication Studies PhD program, and they are available to all full-time MBA students to help with speech anxiety, interviewing, networking, writing, and more.

  1. Networking and celebrating

After the challenge was over, we chatted with the judges and other recruiters who attended the event. We reflected on what we learned from the challenge: how to remain cool under pressure, how to sift through loads of information and data to determine the key issues, and how to work closely with your peers to come up with the most innovative solutions. Then we went to happy hour at Uchi (another Austin favorite) to celebrate our success with our significant others. There’s nothing like a few sushi rolls and a glass of sake to cap off a week of late nights, early mornings, and a successful competition.

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Hook ‘em!

-Tim Carreon, Class of 2017

International Life at McCombs

In the Texas MBA program, we pride ourselves on being truly global. The most treasured element of our global identity is our international student community. At about 24% of the class, they represent many countries across the continents and create a global classroom environment that McCombs is well known for.

Indian Festival Diwali Celebrations in UT, 2014

Indian Festival Diwali Celebrations in UT, 2014

The culture of McCombs resembles that of a closely-knit family. All our classmates are deeply invested in helping us succeed and transition to the career of our choice. Most international students learn a lot from their domestic counterparts, especially about the culture and traditions of Texas. This year, the domestic students invited many international students to spend Thanksgiving with their families in Austin and other cities. International Night is another fabulous event where students from all countries get to display their culture to their classmates. It is this form of cultural exchange that makes the Texas MBA experience at McCombs truly unique.

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International Night, 2014

As an international student who has lived and worked in the U.S. for many years, I must say that the resources available for students are absolutely phenomenal. Right in the first week, UT holds a Football 101 session for all new international students to help them get acquainted with the game that is at the core of UT’s culture. Communication coaches are available through the MBA+ leadership program, and have a great impact in the first year of the program. My communication coach helped me work a lot on my non-verbal communication and business articulation skills. She has also helped many international students through accent modification training. Career services put a special emphasis on helping internationals succeed through specialized job search tools and a one-on-one peer advising model. With a 90,000+ strong alumni base, a lot of international alumni serve as mentors to the current students and help them through their career trajectory.

At McCombs, we often hear the phrase, “What starts here, changes the world.” Our international students are the pioneers of this motto. They bring the best of their global business acumen, and often take back to their home countries the valuable lessons learned in the Texas MBA community. And it all begins – not with the world-class faculty, the top-tier internships, or the leadership skills – It begins when you watch a fourth quarter touchdown at the football field, and before your know it, you clench your fists and say “Hook’Em!” That’s when you become a Longhorn!

Bleeding burnt orange at a Longhorns game

Bleeding burnt orange at a Longhorns game 2014

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