Category Archives: Employment

TRANSCRIPT: Many Years From Now

Ironically, I was elected to deliver a commencement address just weeks after the MPA Council gave me the “Foot-in-Mouth” Award. (Ian Rathmell also spoke.)

I remember the first time I stepped foot onto the UT campus several years ago. I was so lost—literally. My roommate at the time was showing me around the campus. After several hours of walking around, we decided to head back to Jester, and I happily walked in the wrong direction. He quickly corrected me and, with a hint of exasperation, advised me, “Whenever you get lost, just look for the Tower to find your way home.” …to which I responded, “What Tower?”

He merely returned a look of frustration—one that we would both repeat many times while Greg Davis was offensive coordinator. (Nothing like a screen pass on 3rd and 20…)

This was an embarrassing and sobering moment for me—as I’m sure all of us had when we arrived at the University of Texas for the first time. I left high school knowing it all and ready to conquer the world, but realized quickly that I could not have even survived orientation on my own. August came around soon though, and, like all of us, I began to attend classes, lectures, and football games.

Over the past several years, we have been witnesses to many events in our world. We have witnessed the election of a new president—one we were finally able to vote. We have witnessed a credit collapse. We have witnessed a budget crisis. And yet, we knew that this was the world in which we were about to be unleashed in only a matter of years.

My own eyes slowly began to open. Suddenly the age-old promise of the future being ours seemed to be less of a promise and more of a threat.

In our classes, we learned about commerce, economics, and ethics. We learned about cultures, religions, and traditions. We learned about integrity, honesty, and freedom. We learned every two-letter word that could be played in a game of Words with Friends. We learned about principles to apply to a real world—a cold, rigid, and harsh world that was awaiting us.

Today we reach a crossing where we have the chance to mold and shape this world. If “what starts here changes the world,” then we have a daunting task and great expectations laid upon us. Yet, it is ours to embrace!

As we embark with our degrees today, it is important to consider what we are receiving. For what does a degree truly guarantee? Success? Happiness? Employment?

Our degrees are invaluable–our  quintessential defense. Our greatest safeguard is that we are able to read, write, and reason—the ability to create. It is a shield against manipulation and cajolery. It is our sword against evil and tyranny. It is our shofar to signal a just cause and to alert those who remain unarmed.

As we see the uncertainties that abound the world we enter, we know that we come from an outstanding university and will attain careers in influential roles. It is with this outlook that we know we will have the opportunity to shape the world for other students one day. And it is with this understanding that we are aware that we undertake great expectations. We sing “the eyes of Texas are upon you” frequently, but today, for the last time, it is being sung to us. We have the expectations that we, with what we have learned at the University of Texas, will continue to strive for the higher ideal to hopefully leave the world better for the next generation, as the past generation strived to leave it better for us.

Many years from now, we will look upon this day, not as an ending, but as a beginning of the time we were unleashed into the chaotic world we inherited. Many years from now, we will look upon this day as the start of our lives as true contributors to the communities around us, contributing in our thoughts, our words, and, most importantly, our actions. Many years from now, we will look upon this day as the moment in which we embarked upon a journey in which we examined the lessons of the past and sought to correct them as we emblazed on a new path. (Many years from now, we will look upon this day and wonder just how Angry Birds grew to be so popular…) Many years from now, we will look upon this day and recall the many ways each of us has individually shaped each others’ lives to give us the new perspective with which we approach our next challenges.

I have by no means cemented my destiny, but what is for certain is that I am no longer lost as I was graduating from high school years ago. What we have learned over the past five years has given us a clear sense of direction, and, in acting upon the lessons we learned, we, as a class, can be trusted to lead the world into the next era.

John Wooden once said, “Little things make big things happen.” And I’m a firm believer in that saying. All of our actions, no matter if seemingly small and inconsequential, cumulate and send the greater message to those around us. Thus, as we leave today, we go with confidence and a charge to continue to use our work to be helpful to everyone around us. These are the responsibilities that our education now endows us: that we actively set the example, using what we have learned from our experiences here, to ensure that the next generation inherits a paradise of integrity, trust, and freedom; that our contributions do matter; and that we have the opportunity, as a class together, to guarantee that the world will be ready to be inherited many years from now in better shape than we received it.

So I ask you: if what starts here truly changes the world, what are we waiting for?

*   *   *

The past several years have been amazing, and I am indebted and forever grateful to the faculty and staff at UT, especially those within the McCombs School of Business and MPA Program, and my peers who stood beside me during my best and worst hours. Thus, thank you, Austin, for five absolutely beautiful years, and may God’s face be able to shine upon the work of our hands forever!

Transcending the Ordinary to the Extraordinary

Allie Su (piano) and me (violin) on May 11, 2012.

Earlier this semester, my violin instructor at UT asked me to think about why I continue to study music and what it means to me. Coming from a major in which a lucrative career is emphasized, taking the time to reflect why I would continue to study music was important. A music career exemplifies the risk-reward theory from finance; that is, it is extremely difficult to have a long-lasting, stable career in music that compensates handsomely. If that is what you’re seeking from your degree, you are likely taking a great risk by choosing to study music. Or as some of my friends put it, “Am I not just wasting time by studying and practicing still if this is not what I intend to do to earn a living?” After some pondering, I realized my answer is no. Emphatically no.

First, the definition of “being productive” is constantly being misplaced. I will never forget the sermon of the late Father Jim Weisner when I was a sophomore. Father Jim proposed the argument that going to church could also be seen as a waste of time; after all, nothing was getting done, no one was making money, and, therefore, going to church was unproductive and a waste of time.
Father Jim continued with an analogy. He asserted that despite this definition, no one would ever describe holding a baby as a waste of time. How could you? There is always something magical about holding a baby: seeing him or her smile, gaze in awe, stretch out his or her arms. Productivity cannot and should not be measured by the conventional metrics. Rather, it is essential to view productivity in terms of what is constructive to one’s self.

Is studying music directly enhancing my degree plan? Maybe, maybe not; but nevertheless, it is essential to my well-being and happiness and is definitely a productive part of my week. Let’s be honest, you can only read so much tax law before losing touch with your reality, mission, and goals. Likewise, no one would ever, ever proclaim that going to a Texas football game is a waste of time. However, a football game is basically an extended period of time during which no “work” is performed.

No other study has taught me the value of detail other than the study of the violin. Business students are constantly competing against each other for grades and in school you are evaluated against your peers. Music is much more demanding due to the fact that you are competing against yourself. For example, in the recital I will perform this evening, I have set a standard that I consider perfection and will evaluate myself against my self-set standard.

Let’s take a single aspect of musicianship: intonation. In the business school, a particularly strenuous exam might rank an 85% as an A. To contrast that to the study of the violin, if I were to perform and only play 85% of the notes in tune, it would be quite the cacophonous experience. The truth is that most listeners would prefer that every note be in tune—and this is only a single aspect that the musician must manage while also having focus on dynamics, tone, bow economy, articulation, etc.

Nothing in the practice of accounting teaches meticulous attention to detail the same way the study of the violin does. In many ways, despite my tendency to visualize things from a bird’s-eye perspective, the study of music is what has taught me how to put the puzzle pieces together in order to achieve the big picture I so desperately desire to see. John Wooden of UCLA once said, “Little things make big things happen.” This has never been as evident as it is in music, where planning and execution of minute facets cumulate to create something fantastic, transforming text on a page into the emulation of emotion.

For me, music transcends the ordinary into the extraordinary. On one hand, music enhances the personal life. Music brings a joy that is inexplicable and that cannot be replicated by anything else. A friend of mine who studied psychology once explained to me that people who have studied for as long as I have experience music via the cerebellum, which is the same part of the brain that regulates our breathing and heart beat; he says that is the reason that some people always have their iPod with them at all times.
Regardless of the science though, the presence of music in life brings about happiness. I personally cannot imagine a profession, other than musician, in which I would be more than ecstatic to go to work every day. The ability to perfect one’s art, create beauty, and finally spread that joy to others cannot be compared to anything I will get to do in accounting. This is not meant to bash the accounting profession by any means; as a future auditor and board contributor, I can certainly attest to the fact that I will have to opportunity to be creative in my approaches to testing and standard-setting.

Most importantly, is the contribution that music makes to society as a whole. We have seen the consequences throughout history of what happens to great civilizations when citizens turn from amusements of the mind to other amusements. The continuance of arts, as well as sports and academics, contribute to a healthy and vibrant society. Creation of some sort is necessary in order for societies to avoid complacency. Music provides this.

Musicians are not studying music for a career that is lucrative in terms of dollars and cents. Rather, a life full of the music is rich in other ways. It is rich in the fulfillment of a day’s labor. It is rich in what it contributes to society. It is rich in the joy that it brings to people. It is rich, a la Maslow, in the fulfillment one receives when successfully creating his or her masterpiece on behalf of all humankind. And for some reason, accounting, while I relish my study there, will probably never bring me enjoyment in precisely the same way, for accounting is not and was never meant for self-expression.

This is why I continue to study music today. It continues to bring me fulfillment in my life that is not comparable to anything else. It allows me to be creative in ways that neither accounting nor law will. While creativity is important in business, too much creativity, especially in accounting, can ultimately be harmful. A friend of mine in accounting school once looked at my sheet music and told me, “That means nothing to me,” to which I responded, “That’s right; it’s my job to make it mean something to you.” Unlike explaining the meaning behind accounting numbers, only through the study of the violin am I able to interpret and convey the same print of music in a variety of different ways.

If society were to look at the arts and say, “the arts are unproductive,” then many would be discouraged to study the arts. On the other hand, I chose a more risk-averse career so that I could enjoy such diversions. Without the arts what is the incentive for working? What would truly make life worth living without our manipulations of the senses?

Economically, one could say the arts provide some sort of utility that maintains society in a balance. As such, I hope by continuing to study my instrument I will continue to challenge my mind. While this may be my last recital for the foreseeable future, I can guarantee that this will not be the last time I take the stage. With self-study and a creative outlet, it is only a matter of time before I find another channel through which to unveil the fruits of this study yet again.

 

About the Sonata
Itzhak Perlman performed at UT in the spring of 2009. Beforehand, I attended a lecture by Dr. Gratovich. At the end of his lecture, he emphasized the importance of the survival of the art in terms of creation. (You will probably notice that most of the pieces I am performing are centuries old.) As can be expected, without contributions to repertoire, the art will eventually die. You may notice that very few pieces are written for the violin nowadays. In any case, he issued a challenge to composers in the room to write and try to spread original works for this sake. He probably does not know this, but someone took him up on his challenge, and that would be me.

Because of a dare to complete the piece, I finished it in the summer of 2011. This sonata is written for violin and piano with the notion of collaborating with the pianist. Although only the first movement is performed today, in the first movement and throughout the piece, there are many instances of dialogue between the piano and violin, feeding off each other melodically and harmonically. Last, less evident from solely the first movement, the entire sonata is very influenced by Texan rhythms and dances (with a splash of Bach here and there, of course). In this video taken on May 11, I fumble through the first movement.

Sacrificed communication

Before Facebook chat and text messaging, AIM was my technology-based communication of choice

Technology has always been something I have been really passionate about- hence, when I became an MPA, I kept MIS as my minor here at McCombs. I look at websites, read blogs, etc. and just love to hear the fascinating stories about how technology is shaping and improving the world we live in. However, something else very crucial to the changing world is communication. I am a strong believer in the importance of honest communication and believe that communicating, itself, also shapes and improves the world we live in.

That being said, I was intrigued when I came across a NYTimes article this morning that contrasts ‘communication’ with ‘connection,’ and discusses the role that technology has in the “sacrificing of communication.”

The article goes on to explain the notion of being “alone together.” In a world where we are attached to our smart phones and computers, we feel constantly connected to all of the people in our lives. Sherry Turkle, the author, goes on to explain how we expect more from technology and less from each other. We feel like, because we could send an email or text message at any time, we are all connected. Of course, this is important in a world that is getting smaller and I am not trying to downplay any of the amazing technologies that help business communication today. I just think it is important to remember that there is a difference in what you get out of a face-to-face conversation vs. one online or via email. Continue reading Sacrificed communication

An interesting proposition for colleges:

The Economist published an article on April 9th concerning an idea of California college students that could possibly radically affect college students everywhere if it is taken into consideration by universities.

Students of the University of California propose that instead of charging tuition, they’d like universities to take 5% of their salary for the first twenty years following graduation.

This idea has some huge implications for higher education. An individual’s level and quality of education would no longer be determined by parental current income, but by a student’s future income, which would open more opportunities for them.

What particularly fascinates me about this article is the potential overhaul of universities’ organizational structure and culture. They would be the ones bearing the most risk under this proposal. With their income being contingent on their student’s job placement, universities have large incentives to become much more focused on placing their students in high paying career positions. Continue reading An interesting proposition for colleges:

Spotlight on MIS

Imagine doing all your accounting on this paper!

Last week was the deadline for resume submissions for Spring MPA internships. It was a stressful process and it is such a relief to be done! That being said, I do not have much recruiting-wise to talk about in this week’s blog.

Instead, I am going to talk a little bit about another discipline that I believe is becoming increasingly important in the accounting industry. Management Information Systems, or MIS as it is known around McCombs, is essentially a technology/business hybrid. MIS focuses on bridging the gap between the business world and the computer science world, which is every so important as the distinction between those two fields begins to blur. If you are interested in MIS, you should definitely consider it as your minor.

If you saw the picture above, there is a good chance you didn’t know what that is. That’s ledger paper. Accountants use to use it to report journal entries and reconcile accounts. My Audit professor likes to show it to us occasionally to remind us how important technology is to the accounting profession today.

I stumbled upon a crazy article on Forbes.com this morning about how Target uses data mining in its operations. Data mining is “process of analyzing data from different perspectives and summarizing it into useful information – information that can be used to increase revenue, cuts costs, or both.” Target uses data-mining to discover which coupons/promotions are most appropriate for each customer. By analyzing customer’s purchases over time, Target professionals see patterns that they can then use to interpret buying habits of each customer. The Forbes article describes a situation where Target discovered, based on buying patterns, that a young girl was pregnant and thus, sent her coupons for diapers, cribs, etc. Her father was infuriated and insulted until he realized that his daughter actually was pregnant. Target is definitely not the only company using data mining- so be aware! I think data mining is so interesting, but there are certainly some critics who believe that we are heading towards a Big Brother situation with all of this personal data being stored by different companies.

Speaking of Big Brother, I love this 1984 Apple computer commercial.