Tag Archives: challenge

Academics, Brooks, Events, Feature, Student Life

Competing With Engineers for a Sustainable World

Leave a comment

A couple of months ago, we all received an invitation to compete in BASF’s Team Chemistry challenge. A fellow MPA student decided to formTexas-mascot a group, and so I joined. It seemed like a fun project – come up with ideas to lessen the environmental impact of football gameday. I love football gameday and I have an interest in environmental sustainability, so it was like a match made in heaven. Of course, the incentive of winning a bunch of money didn’t hurt.

So, we set to work coming up with ideas on how to approach the problem.  We easily came up with a host of small solutions that would have some impact, but quickly got bogged down in the details. After spending some more time pondering our work, we decided to focus on a group  of related solutions and hone in on them.  As Joel said in his most recent article about accountants being risk-averse, we learned from our initial mistakes, found the proper balance, and ended up with some pretty cool ideas.

We were invited to a couple of events by BASF and the Athletic Department to learn more about the initiative and the goals of the competition. One event was a sustainability panel sponsored by UT Engineers for a Sustainable World. The panel was entirely made up of engineers and the audience was entirely engineers … except two of us MPA students. It was very intimidating hearing about them discussing various polymers of which we had no clue of their existence much less their properties. Apparently these students have a big advantage over us with their knowledge of chemicals, considering BASF is essentially a chemical company. The next event was a stadium tour, during which our guides told us about their issues with waste management. Their focus seemed to be only on waste management problems, while our solutions did little to address that.

ConcoursePoster_#2_Sec120But, we pressed on, confident in the power of our ideas despite not having the technical knowledge that is certainly common among our competition. What we do have is a business ingenuity that enabled us to come up with feasible solutions that are easily implemented and have a measurable impact. We used the skills we have learned in economics, finance, and accounting to estimate the results of our proposals. We also used our branding and presentation skills to develop a persuasive format through which to deliver our proposal.

We find out Friday if we are invited to the finalist round, where we will present and defend our ideas in a “shark tank” environment. We’ve had fun putting it all together, and we’re proud of our accomplishments, but it would be great to get to write a “Part II” to this article about our preparation for the finalist round!

 

Career, Employment, Recruiting, Student Life

Recruiting and Finding One’s Match

1 Comment
Matchmaker, matchmaker, make me a match
Find me a find, catch me a catch 
It’s all about the fit.

It is hard not to be reminded of this classic song as recruiting season heats up. Though Fiddler on the Roof was referring to a marital arrangement, I think the analogy still holds true with recruiting. At the end of the day, it is about how a candidate fits with the firm culture and whether a relationship can blossom. This is one thing that I have noticed employers emphasize more and more during interviews. The main question is whether our values and personality align with theirs.

I like to think about this exercise as a search for our perfect match. If only there was a Match.com or E-harmony website we can use to help us in this quest, recruiting can be much easier. One only has to look at the number of personality matches and boom we have a match and a 90% chance that the relationship would end up in a lifelong state of happiness. But, there is none.

What I am finding out is that as much as I am learning about future employers, I’m also realizing things about myself, my career goals, the kinds of people I want to work with, and my passion. Just like any serious relationships, I am looking for folks I like and whose company I enjoy. In short, I am looking for my perfect match.

I am reminded of an advice I heard in a career panel once. The question many students ask in deciding which firms to apply to is how the first few years are going to look like. The representative commented on how myopic this perspective is and how much better of a question it is to ask how one sees himself/herself in the firm in 5, 10, 15, 20 years. His point is that finding the right fit, the right people, and the right match to our values can make us happier in our careers in the long run. Putting all factors aside, the crux of the matter is whether chemistry exists between us and the firms or not.

What a relief it is to realize this! Passing an opportunity becomes not so much because of inadequacies but simply a difference in nature and there’s nothing wrong with that. Ultimately, we’re looking for the firm that complements us. This takes the stress of recruiting away and encourages us to simply be at ease with who we are. After all, our personality is our greatest asset and the best matchmaker we have. Now, that is something we can definitely sing about.

Internships, Melissa, Student Life

Melissa Takes Boston: Part 1

Leave a comment

Hello Everyone!

I am 3 weeks into my auditing internship here at a Ernst & Young in Boston, MA. It has been crazy, a bit overwhelming, and already it feels like I have been working forever. I am learning so much everyday and I want to share what I have learned with those of you who are currently in MPA and thinking of participating in this awesome program.

My first internship lesson actually had nothing to do with accounting at all.

It was my first day at the client and my start time was 8:30 AM. The commute was about an hour, so naturally I left at 6 AM. (This might seem crazy but those of you who know me know that it is actually very predictable.) All was going well and I was on track to be not-so-fashionably early for my first day. All of a sudden, the “low tire pressure” alert began sounding in the car. As I pulled off at the next exit, I heard my tire completely blowout. I frantically called the rental car company, and then the towing company, and then a team member on my client to explain what was going on.

As all of this was happening, there were so many thoughts going through my head. The first, of course, being that I was going to late my first day of work because of a flat tire. That’s almost as cliche as forgetting your homework and saying your dog ate it.

In the end, I was late, but I learned a valuable lesson. As cheesy as it is, I learned that these things happen and no one is going to hold it against you. As adolescents we often resort to one of two reactions when these kinds of things happen. We either blame everyone except ourselves or we completely internalize the situation and worry about what everyone will think of us. As new interns we really hope to impress, not only because we want to secure that 5-star performance review that Jamal alluded to in his last post, but also because we are representing the University of Texas as we intern.

As you begin your internship, nerves and anxiety are okay, but my as my dad always tells me, the difference between excitement and nervousness is confidence.  It’s important to remember that no one is expecting you to be perfect, they only expect you to be the best you can be. Don’t be nervous because McCombs more than prepares us for the actual accounting part of the internship.  If something happens on your first day, just remember that things happen, and don’t sweat the small stuff.

Click here to read Part 2 of Melissa Takes Boston!

Feature, Melissa, Student Life

SOPA: what it means to this MPA blogger

Leave a comment
Google's response to SOPA

If you’ve visited Wikipedia, Google, or various other websites yesterday, you probably noticed their blackout/anti-SOPA messages and warnings. Before I go any further, let me just say that this blog entry is an attempt to explain SOPA in the most colloquial way that I can. I realize that there may be some missing pieces in my explanation.

SOPA stands for the Stop Online Piracy Act, which, on the surface seems to be a worthy cause. In theory, this act attacks something that is actually a real problem, internet piracy. The word piracy has a negative connotation and thusly initial public response would be that it is harmful. Haven’t we always been taught that plagiarism is wrong? Sure, the surface goal of SOPA is to stop foreign sites from providing users with pirated material and that is something the general population should at least try to support. And why companies such as Time Warner ARE supporting the bill. But, the repercussions of the bill would be far worse than just having to wait an extra week for the episode of your favorite show to be up on Hulu.

SOPA would have the biggest effect on any sites that use user-generated content. This may be why Wikipedia is so enthralled in the anti-SOPA movement. Other sites include Tumblr, Twitter and YouTube. Of course, this bill will not criminalize posting YouTube videos, per say, but it will hold YouTube to a new level of accountability and make it far more difficult to share and watch videos online. SOPA gives the Attorney General the ability to act against infringing websites without a trial or a court hearing and with that comes the ability to take advantage of this power. This would potentially cause more harm than the good that comes from intellectual property protection. Of course, SOPA would not go to the depths of some internet censorship such as that in China, however in practicality, it will have similar repercussions.

There have been attempts to stop piracy in the past- for example there are bills that have already passed that do exactly what SOPA is claiming to do and so, some believe that SOPA is unnecessary.

Of course, I am not supporting plagiarism or internet piracy. I go to a University with very high ethics and I plan to always stand by the honor code. However, I believe SOPA would do more harm than good and I hope that everyone takes a minute or two to get educated about the bill.

If this at all resonates with you, then please, do some research and find out how you can make a difference. Google has a few things to say about the bill and check out this full page ad that ran in the NYTimes a few months ago.

Please keep in mind that these are my own personal views, and may or may not reflect the opinion of McCombs or the University.

Academics, Allison, Student Life

Challenge Yourself and Keep Giving Thanks

4 Comments
A student in my valuations class taking diligent notes and having fun while doing it!

As I come back from of the Thanksgiving holiday, I realize it is almost the end of my first semester here.  As one of my professors said, it takes forever to get to Halloween, but once Halloween comes, the rest of the semester flies by.

I wanted to talk a little about one of the specific classes I am taking right now.  It is my Valuations class in the finance department.  Finance is not one of my strong suits, I will be one of the first to admit that, but I know its great importance in the accounting field and more in the business world.  I took an intro to finance in undergrad and again in an accelerated course here at UT.  I was very ambitious in making my schedule and decided to take the accelerated valuations class for the second half of the semester.  During orientation, we had a faculty panel when several professors gave the advice to challenge yourself, take the hardest classes you could and the classes in which you are least confident.  Needless to say, I took this advice and registered for valuations even though it was not a requirement for my degree.  (Other advice I was given included to take as many accounting and finance classes you can, as well as to take courses outside of your track i.e. tax classes if you are in the audit track and audit classes if you are in the tax track in order to broaden and deepen your knowledge.)

As the first half of my semester went along, my intro to finance class proved to be a lot more difficult than I had imagined.  The whole time I was thinking – what am I going to do in valuations?!  Why did I ever think I could do more advanced finance when I cannot even do this?!  I ended up doing fine in finance, but let’s just say, not with flying colors. Continue reading Challenge Yourself and Keep Giving Thanks →