Graduate Student Blog

Spring Gala

Anya Thomas
Public and Nonprofit MBA, '12
This year’s Spring Gala was at “Top of the Hub” located on the 50th floor of the Prudential Center. The 360o views of Boston were spectacular and BU MBAs celebrated the end of the semester in stunning dresses and classy suits.
The evening started with appetizers and dinner. After a little bit of mingling the MBA Council held a short ceremony. First the 5 professors chosen by their respective cohorts were given their awards (this year’s winners: Professor Rimer, Professor Weil, Professor Wilson, Professor Heineke, and Professor Kadaras), then next year’s MBA Council members were introduced.
Dessert was served a short time later, and after everyone had relaxed people started moving towards the dance floor. For 90 minutes the dance floor was packed as the DJ played a wide variety of songs and everyone showed their dance moves. It was exhilarating to dance while looking out over the whole city and there was a general groan when the DJ announced the last song. The Spring Gala was a wonderful time to celebrate the year and to say goodbye to the Class of 2011.
Photo Credits: Tim Hall

Bookmark and Share

MBA Time Machine

(above) Ajay and other Cohort D students enjoy their trip to Guatemala

Post By Ajay Mehta
MBA Candidate 2011

MBA Time Machine

Two years of school in the middle of my career was the perfect break from the working world. It was tough to adjust to the no-income student lifestyle but looking back it was one of the best decisions to advance my career and grow as a professional. BU was able to give me the tools necessary to succeed, but I think that’s only part of the business school experience. For me it was the group of friends and team members I will keep in touch with throughout my career, as well as travelling with them across the world learning about business and experiencing different cultures. From drinking Gallo in Guatemala to climbing the Great Wall, all of these experiences have shaped me as a person and as a leader.

As corny as it sounds, it did change my outlook on life and help me organize my career. Looking at my classmates and the wide variety of career and job possibilities let me really understand what I want in life and my next opportunity.

Bookmark and Share

Math Finance: To Gamble or not to Gamble

Post by:
Rob Pierce
Math Finance candidate

Math Finance: To Gamble or not to Gamble

Hey everyone, Rob here!

I have another blurb from my life as a Math Finance student this Spring. We were smack in the middle of our midterms 2 weeks ago, having completed 2 out of 4 them, when everyone decided enough was enough! So we all took a break for a week, each of us spending some time to recuperate and relax, some of us traveling farther away from Boston than others to do just that. Yes spring break was upon us, but just as quickly as it sprang upon us (pun intended), it also came to an end. Time for 2 more midterms!

So what did I do over my spring break? I studied for my classes, but I also had fun doing it; let me explain. Right now we are enrolled in an algorithmic trading class, where we are being bread to think in the fast paced world of letting our computers trade for us. In courses like this, it is becoming apparent that having some experience playing games like poker or blackjack, where probability takes over in our decision making process to make money, could be very important. It’s not a coincidence that many poker players seen on TV in the World Series of Poker were former traders and employees on Wall Street.

So I decided to try my luck, and with a couple of friends, went to Foxwoods Casino in Connecticut. There, we tried our luck at the poker and blackjack tables. It was very fun and exhilarating, but scary at the same time. You are putting your chips on the table, and trusting the odds that your hand beats your opponents’ hand (or in blackjack, the dealer). Sometimes things didn’t go your way, and sometimes things did, but in the end, if you rely on your best guess (the expected value), then, you have the best chance of winning (which is usually below 50-50). I would say that poker is the closest game that we played to trading and finance, because you are competing against several other players at the same time. You have to constantly be updating your perception of how good your hand is, based on the bets made by the other players, and the extra cards that are being put on the table. You can also bluff, and push the other players at the table to believe something that is not true, which is akin to pushing the market by moving a lot of shares, for instance.

All in all, I would not recommend going to the casino to everyone, because they are very good at taking your money, and it can be very nerve racking for people who are risk averse. It was, however, a fun and educational experience, and I’m glad that I went!

Thus, that is how I studied for my classes, and enjoyed it too! Sometimes it’s a good idea to find the unusual ways to get your work done, which helps you appreciate the material you are working so hard to learn, just a little bit more.

Now, it’s back to the usual form of studying!

Until next time,

Bookmark and Share

Networking

Post By Juan Estrada, International MBA candidate.

I continue to write about job search related subject as this is my top priority this semester. Last semester I focused on raising my GPA and didn’t do much more related to looking for a job than attending the NSHMBA conference in Chicago and interviewing with a couple of companies.

This final semester I am spending just enough energy on keeping up with my courses. They are a little less demanding and more qualitative oriented than the courses in previous semesters, which helps. Plus, I feel I’m forward in the learning curve, I spend half the time I used to at the beginning of the MBA reading and analyzing a case and I am able contribute just as much during class. Most of my energy I am spending building up a network. Following the advice of a speaker that was brought to school by the Feld Career Center, Dan Beaudry, author of “Power Ties” (a guidebook on job search strategies for international students in the US), I am looking for a job through this method instead of the traditional, direct approach of filling out internet applications and the upfront “I’m interested in applying to position X at your company” at career fairs.

As explained by Mr. Beaudry, the traditional approach always goes through the Human Resources department, which he explains (and I have experienced it) is not anywhere close to being an international student’s best friend. They are not to blame; their job is to deal with company policies and human capital. Policies and standards require criteria to filter candidates and very common criterion is to avoid the hassle and the cost of sponsoring an international student for a work visa. Perfectly understandable, but it doesn’t help me. Plus, he estimates (don’t ask me how), that only 20% of jobs and open positions get posted through the traditional channels. The remaining 80% are filled through word of mouth and personal acquaintances. It’s cheaper for a company to rely on one of its manager’s recommendation or instruction to fill out a position with someone he knows than the costly and lengthy process of screening and interviewing candidates. He recommends international students to pursue the constructions of relationships and networks of people that will keep you in mind when they come to need to fill out a position, and most importantly, of people who have the power to do so (regardless of the HR policy- so managers and high level executives).

I decided then to attend conferences and career fairs from a different angle. I don’t ask for open positions or jobs but instead I look up the companies beforehand, find a concise reason to justify my interest for them and ask the recruiter for 10 minutes of their time for a meeting in person some other day. This got me five contacts at companies I have an interest for at the last Harvard Healthcare conference. Three of them actually got back to me and two have kept in touch. One I already met in person (for almost an hour), and he provided me with a list of companies similar in size and industry, a referral to the recruiting manager and personalized tips for future interviews. It’s not a job, but it is certainly much more useful than the “Thanks for applying” the computer displays when you submit an application online.

Additionally, I have let a lot of the people I work with and go or went to class with in the past that I am looking for a job in the life sciences industry. At least five good contacts and a couple more informational interviews (also over half an hour) have emerged from people who know people and who have been willing to help.

The process doesn’t necessarily go fast but it is certainly much more dynamic, didactic and in parallel than the traditional approach. When a lead or an application doesn’t turn out to become a job it doesn’t get to you because you have a bunch of remaining leads on the works. Slowly but surely, and hopefully, one of these leads will land me the job I am looking for.

Bookmark and Share

BU Life and Math Finance

Post by:

Rob Pierce
MS in Mathematical Finance Candidate

Hi Everyone! I am a new Graduate Assistant at the GAO, and I am a first year student in the Mathematical Finance Program! I just wanted to chime in with a few comments about my experience here at BU.

First let me give you a little background so you know where I’m coming from:

I grew up in the Boston area, just South of the city; In High School I was really interested in Finance and Marketing, but at heart, I was a Science geek; I went on to study Physics and Geology at the University of Massachusetts in Amherst; I bridged my interests in Science and Finance through the Mathematical Finance program here at BU!

So, did I make the right decision?

I’m confident that I did.

The Math Finance program here at BU is extremely difficult, but is also extremely rewarding. I’m sure that if you’ve already been accepted, or if you’re researching the program for the first time, that this was one of the first things you learned about the program. But then again, why would you be applying to Graduate School if you weren’t expecting a lot of work? I’ve already met some great friends, great Professors, and of course Boston is the greatest city in the world!

Anyway, let me tell you about our courses. We just finished our first semester where we studied Fundamental Theory in Finance, Probability Theory, Fundamental Stochastic Calculus, and Optimization in Economic Theory. These courses were deeply involved with the Mathematics needed to understand real world financial applications, and less involved with the applications themselves. The hardest course, in my opinion, was Stochastic Calculus since this had the most theory, much of which we were seeing for the first time. But, the professor of that course, Dr. Kostas Kardaras, was a very formidable teacher and definitely up to the task! Overall we had some late nights working on homework assignments, but we all got through it!

Since the spring semester has only just begun, I can’t really say much about our courses now. We are taking Programming in C++, Fixed Income Securities, Statistical Methods applied to Finance and Economics, and Stochastic Optimal Control Theory. The courses are definitely starting to move towards teaching real world applications of the Mathematics we learned in the first semester. And, obviously, the Math is still there, and what we are learning is also building on what we learned in the first semester. For example, Stochastic Calculus is still everywhere!!! There will be more to come about our courses this semester.

The other really important aspect of our education right now is the hunt for an Internship. This is arguably the most demanding aspect of our lives right now because we are all competing to work for some really fantastic companies in Boston and other parts of the world. We are learning some great advice about how to present ourselves to companies, what life is like on the job (for example, two gentleman from Fidelity told us about their work life, and what we need to learn to be like them), and also how to build our résumés. I’ll let you know more about this in the future as well.

As for life in Boston, I love it, but I grew up here, so I might be a little biased. It’s still pretty cold, but it hasn’t snowed in a couple of weeks. We can finally see the ground beneath all of the snow we got in December and January. Now that we are getting back into the swing of things, we are starting do more activities together outside of classes. We have had some functions at restaurants/bars, we are spending time at the BU gym (which is amazing!).

All in all, things are great, but still very difficult! Diligence is necessary, but with it good things will come.

Until next time,

Rob.

About the author:

Rob Pierce is a first year, full time Mathematical Finance (MSMF) student. He graduated from UMass Amherst in 2010, where he Majored in Physics. While at Umass, he analyzed models that predict future climate change in Antarctica due to global warming scenarios. In his free time, Rob likes running, going out with friends in the city, playing fantasy sports, and listening to classic rock music on his iPod.

Bookmark and Share

An update from Ilanit

Post by:
Ilanit Shtein
Mathematical Finance 2012

I apologize for not writing in so long – the first semester was very intense. Very. It flew by so fast, while I was solving tons of homework problems, preparing for exams, researching companies, and hanging out with my friends. I have a feeling this semester is about to pass by even faster.

Luckily, the winter break was a month and a week long, so I had a chance to rest and gather up some strength for the new semester. After an amazing two weeks home visit in Israel, I was ready to explore South America for the first time in my life. I spent some quality time tanning and going up the Corcovado and Sugar Loaf Mountain (the view was unbelievable) in Rio de Janeiro. Then, in Buenos Aires I enjoyed touring the city by walking all over it. The people were amazingly nice and welcoming, and their Empanadas were even more amazingly delicious… Last but definitely not least, I finished in Santiago, where I visited my best friend from Israel. Obviously that made the whole trip even more exciting!

I arrived a few weeks ago to a frozen Boston. Although that might sound a bit sad, especially considering my recent sunny vacation, I have to admit that the snow is not that bad. First of all, the snow is much less harmful than rain. Second, Boston is really beautiful these days –all covered in white. And third, it’s actually fun to play outside in the snow J

This semester I’m looking forward to learning more practical courses, like Fixed Income Securities and Statistical Methods for Mathematical Finance. The course I am most excited about is the Algorithmic Trading course, taught by Prof. Ahmad Namini, who’s actually a trader and strategist at Fortress Investment Group. His classes are challenging and fascinating, backed by examples from the real world. In the last session of the course we will have a trading competition against each other, employing our own developed strategies. Last year’s competition even caught Wall Street Journal’s attention - http://www.bu.edu/phpbin/news-cms/news/?dept=644&id=56004

Other than that, I’m putting a lot of effort in seeking my dream internship for the upcoming summer. The competition is tough, but I guess “without the bitter, the sweet ain't as sweet”. I hope my hard work in networking, researching and interview preparation will pay off soon.


About the author:
Ilanit is a first year Mathematical Finance student. Prior to studying in BU, she was designing and implementing voicemail applications as a software engineer at Comverse, a leading provider of telecommunication and billing services, in the Tel-Aviv branch. Ilanit holds a degree in Electrical Engineering and Computer Science from Tel-Aviv University. She likes indoor cycling, experimenting in the kitchen, and traveling around the world.

Bookmark and Share

The beginning of the end…

Post By:
Michelle He
MS.MBA in Health Sector Management
Class of 2011


The beginning of the end…
So it begins here with another busy semester. Besides taking six classes, part-time internship, and juggling between student clubs, I’m also the Teaching Assistant for a core MBA class. It’s my first and probably the last time being a TA. As I recall TAs in all kinds of classes I took in my undergraduate and graduate school, good ones can really make a difference in students’ learning expereince and I certainly hope I can too.
For classes I’m taking this semester, I am fulfilling my MS degree requirements with three Information Systems electives. Two of the three are healthcare related which are very applicable to my post-MBA career field. Negotiations is a must take at BU, and I’m sure that the take-away from this class will be helpful to me both personally and professionally for a long time. For clubs, Health Services Management Association(HSMA) and BioBusinss Organization(BBO) continue to deliver concrete results: a group of students have just returned from the West Coast Trek, where they visited various healthcare organizations ranging from hospitals to pharmaceutical companies and spoke with executives; we are getting busy planning the Spring Alumni Panel event, a platform which we aim to connect current students with alumnus and to encourage conversations on wonderful ideas and inspirations; HSMA is also planning to integrate a charitable event with the club’s mission and the MS Walk will be the first one in action in this Spring.
Yes it all begins here as I started the last semester of my MBA program with a mix of emotions. Knowing where I will be after the graduation is a big relief and starting a new career in just a few months is definitely exciting, but at the same time, I have a hard time picturing the end of my student life. All passed by too fast: the tears, the joy, tough decisions I had to make on jobs, on personal relationships… But when looking back, I know that I’ve become wiser and stronger, and that I understand more of who I am and what I want. To me, this is the best beginning of the end.
About the author:

Michelle He is a second-year full time MBA student with a concentration in Health Sector Management. She is also pursuing an MS degree in Information Systems. Prior to MBA, she worked at CITGO petroleum corporation in Chicago, where she was responsible for managing a variety of projects to ensure successful implementation from inception to completion. Michelle misses the beautiful city of Chicago, but she starts to appreciate the change of seasons in the Northeast and the unique characteristics of Boston architecture. In her spare time, besides shopping Michelle likes watching movies with friends, power walking along Charles river, and exploring different cuisines in Boston.

Bookmark and Share

Decision Time

Post by:
Anya Thomas
Public and Nonprofit MBA 2012

I know what you’re going through.

Exactly one year ago I was waiting to hear back from the MBA programs I had applied to. I can hardly express the elation I felt when I opened an acceptance letter or received a phone call telling me I was admitted to a program. However, my joy was slightly dampened when I realized that with options came the need to make a significant decision. This decision would not only affect me for the next two years, but also for the rest of my life.

So I know what you’re going through.

The good news is that you’ve done the hard work and you’ve emerged victorious. Just don’t stop there. Before you make the two year commitment, visit BU again, come to Open House, make sure you know the culture that the BU School of Management has to offer.

BU’s Open House was the turning point in my decision making process. As I mingled with students, staff, and faculty I was pleased to see how much they enjoyed relating to each other. This created an energetic and inviting atmosphere. I enjoyed hearing about various students’ ambitious dreams and yet I could see that the students were willing to help one another instead of only competing with each other. Several students connected me to classmates and alumni who could answer my specific questions. I felt like I was already a part of the community before I even signed on the dotted line.

Fortunately this was just a sample of the good times to come. When I returned to Boston last August the welcoming, collaborative, and lively culture that I had experienced during Open House embraced me and confirmed that BU was the perfect choice for my MBA.

So as you’re making your decision, know what you’re looking for, make sure you experience the culture of the universities on your short list, and get your questions answered. It is totally worth the extra effort because when you make the right decision then your only regret will be how quickly two years can pass by because you’re having so much fun!

About the Author:

Anya Thomas is a first-year, full-time MBA student with a concentration in Public and Non-Profit Management. After graduating from the University of Southern California in 2003, she worked with a faith-based non-profit called Christian Challenge. She decided to come to business school to gain core skills and learn best practices that can be transferred to the microfinance and international development sectors.

Bookmark and Share

Winter Break – Finding Clarity

Post by:

Juan J Estrada
International MBA 2011

Winter break commitments are hard to keep. During my break I intended to read a book on case interviews and search for and apply to jobs every day. But then I was at home with my family, with good friends, good food, good 80 degree weather, and a beach for New Year’s Eve. And I just didn’t feel like looking for a job or keeping track of school anymore. I wanted to actually break apart from it all during the break.

By the beginning of January I had some remorse about having bummed out for so long. It didn’t seem like the way to compete, and not competing in this business track of life I chose can be a hazard. But on the other hand, I got to recover a lot of energy and enthusiasm during that time, no longer feeling worn out and instead having a strong desire to take over the new semester.

This made the way I took on my break more than worth it. Mentally disconnecting yourself from a subject allows you to recover from your tiredness from it and take on the challenge in a better way. One usually thinks one can do lots of things at the same time. Vacation and work, take a break and look for a job, do homework and chat online. But then it seems like you never really get to unplug yourself from anything. Everything ends up running constantly. Personally, I try multitasking all the time. It’s harder for me to not do it, even being aware that everything would be easier if I actually didn’t.

So to reinforce the feeling that what happened during the break was actually a positive thing, I came across a good article by a guy from West Point. If you have time you should actually read the entire thing. The author kind of has a military tone, which you may like, or not, but he definitely makes several good points. After referring to a research study by Stanford University on multitasking, the author elaborates:

“Multitasking, in short, is not only not thinking, it impairs your ability to think. Thinking means concentrating on one thing long enough to develop an idea about it. Not learning other people’s ideas, or memorizing a body of information, however much those may sometimes be useful. Developing your own ideas. In short, thinking for yourself. You simply cannot do that in bursts of 20 seconds at a time, constantly interrupted by Facebook messages or Twitter tweets, or fiddling with your iPod, or watching something on YouTube[1].”

Coming back, I all of a sudden happen to know exactly what position I want when I graduate. And what my plan B is. This clarity was not there last semester, and I highly doubt I would have gotten it without having pulled away from school. Thus the importance of time and temporary isolation from work, school, or whatever it may be. So now, back to school, work, and the white, cozy, beautiful Boston weather.

[1] http://www.theamericanscholar.org/solitude-and-leadership/

About the author:

Juan is a first year International MBA student. Before coming to BU he worked coordinating a project on the development of a medical device in Madrid, Spain. Through this European Commission sponsored project, Juan had the opportunity to immerse in a variety of European cultures both in professional/organizational and in social terms. Prior to his experience, Juan had obtained a Biomedical Engineering bachelors at Georgia Tech, in Atlanta. Having grown up in Colombia, Juan enjoys experimenting in the kitchen with tropical ingredients, dancing -specially Latin music- and keeping up with the news and what is going on in the world.


[1] http://www.theamericanscholar.org/solitude-and-leadership/

Bookmark and Share

My Winter Break: A Trip to Sri Lanka

(A pic of Ajay from his trip - making friends with an elephant!)

Post by:
Ajay Mehta
MBA 2011

As I’m sure you’ve heard from every school you’re applying to, or every MBA graduate you may have spoken to, much of getting an MBA is about networking and meeting your classmates and other professionals. Part of that experience encompasses learning from the extremely diverse group of students that attend SMG from abroad, as well as the opportunities you have to travel with the school and with your peers. I saw this first hand this past winter break as second years seemed to disperse all over the world. From classmates hiking the Inca Trail, skiing in Argentina, or attending the Indian Field Seminar, you could see the how students were utilizing one of the last times in their professional careers that they will have a winter break.

For my winter break, I visited Sri Lanka with one of my classmates staying with his parents and touring around the country, taking in the sites and culture. It was a beautiful country but as we both took in the sites we realized that business school had a tremendous impact on how we viewed the world and ways of life. We noticed industries which we were were interested in, or companies which had headquarters in Colombo where he was interested working. We also found ourselves analyzing the daily way of life and how people prioritized their budgets. In many ways we tried to understand what made their economy move forward and how the kegs of beer we purchased were helping support Sri Lankans.

Business school allowed me to really look at different situations from a angles I might have ignored before. Going through classes and working on teams with people from all over the world helped me strategize and understand why certain aspects of business were more or less important to them. Visiting a country like Sri Lanka reinforced this fact and allowed me to experience a different culture and world with one of my classmates and good friends.

Bookmark and Share