Subject:	The Art of the Schmooze
Body: Your Ad Here	BusinessWeek Online MBA Express Wednesday, June 14, 2006 ************************ADVERTISEMENT*********************** THE RUTGERS PHARMACEUTICAL MBA: Healthcare is growing. Take charge. Our close relationships with the pharmaceutical companies, market-driven curriculum, and proven placement record means it's hard to make a better career move. And we're located in a major pharma hotbed. Full-tuition scholarships are available. Get the brochure at http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=1 ******************************************************************* ******************** B-SCHOOL NEWS THE ART OF THE SCHMOOZE At B-school, socializing can be hard work. But there are practical benefits for students and recruiters On Friday afternoon at the University of Chicago's Graduate School of Business, students are streaming towards their weekly dinner with deans and fellow classmates -- all 500 of them. This is just one of the GSB's many social events throughout the year. They include corporate- sponsored cocktail hours, formal dinners, mock receptions, and theme parties. While these gatherings may sound like fun, they also serve a weighty purpose -- getting students a good job. In fact, for those outside B-school, the experience may sound like a little too much fun. After all, this is school, not a vacation. But there's a lot to be learned from the socializing. It's an opportunity to network and scope out your B-school buddies - and competitors."Careers are a focal point of student socializing and networking," says Stacey Kole, deputy dean of Chicago's full-time MBA program. The Chicago socializing scene is typical of those at top B- schools. Student networking over the first few weeks of school is just prelude to the onslaught of over 300 companies that visit the campus every year. Some students will visit 10 to 20 presentations per year - and each one requires students to be prepared, poised, and committed. Receptions and formal dinners often follow, and performance there could mean the difference between getting a job and not being considered at all. http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=2 ******************** CAREERS Q&A SAMPLE CAREER BUILDING IN THE HEARTLAND Iowa's career services combine solid Midwestern roots with international connections, but Kathie Decker sees trouble on the visa front. How successful are international students in the job search? We've been successful in finding U.S. companies who need the talent and are willing to sponsor. When you're an individual who has been in an export-import trade experience for seven years in China and you come to Iowa, companies like HNI (HNI ) and Cargill are happy to have access to those students. I think companies in the Midwest have better luck getting the INS to approve their petitions, but I think the visa situation is going to get worse (see BusinessWeek.com, 5/16/06, "Huddled Masses, Tricky Politics"). We will spend more time working to find U.S. sponsorship opportunities for international students. What companies recruit most frequently on campus? Our campus presence includes HNI, Best Buy (BBY ), GE (GE ), Goldman Sachs (GS ), Deere & Company (DE ), Northwest Airlines (NWACQ ), Federal Home Loan Banks and Wells' Dairy. They may be a little more Midwestern flavor than you see other places. Because we're a small program, we're not as worried about companies recruiting on campus. We've presented our students to 156 different companies that don't recruit on campus at all. We're doing a lot more case competitions, so our students are getting out and visible. http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=3 ******************** B-SCHOOL NEWS STANFORD'S NEW-LOOK MBA A top B-school moves to tailor its program to fit the needs of individual students and challenge them at their separate skill levels In a move that could be a clue to what the future of management education might look like, Stanford University's Graduate School of Business is announcing a major reconstruction of its highly rated MBA program on June 6. The new curriculum, to be implemented in the fall of 2007, introduces two ideas that are uncharacteristic of the MBA world: flexibility and customization. Unlike the traditional MBA curriculum, made up of core course requirements in the first year and electives in the second, in the new Stanford design each student will be matched with a tailored course schedule based on past education, work experience, and future goals. According to Stanford professor Jeffrey Pfeffer, a frequent critic of management education, the change is the most important thing that has happened in his 27 years at the school. "This makes students more responsible for their education and potentially engages them more profoundly and more deeply," Pfeffer says in a release about the program. http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=4 ******************** MBA JOURNAL: INTERNSHIP INTERVIEWS GRANT ALLEN: TRIAL BY INTERVIEW "In addition to over 40 cover letters and résumés submitted...I attended around 15 info sessions and coffee chats," says first- year MBA Grant Allen In keeping with the acronymic trend of my last posting, DIP stands for Designated Interview Period at Wharton. As many B-schools do, Penn gives first-year students (and, for the first time next year, second-year students) a week without classes so they can interview for summer jobs. This allows the large companies, consulting firms, and I-banks with regimented summer needs to capitalize on some scale. A whole week may sound overboard, but you will thank, thank, thank, career management for giving you time to focus on interviews without the worry of classes and cases. And for those lucky enough to have sponsorships or internships already locked up, DIP equals February vacation. Going into second semester, I was eyeing a job in a nontraditional area or at least someplace new to me. Areas I was targeting: VC and early-growth-stage private equity; IT product management and marketing; operating roles within start-up companies. I also wanted to demonstrate interest and talent to the "safer" consulting firms, deciding ultimately to apply to two strategy shops. http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=5 ******************** MBA JOURNALS WANT TO BE AN MBA JOURNAL WRITER? It's time for BusinessWeek Online to start planning a new series of MBA Journals. Here's how you can become part of this select group of writers We're looking for MBA students entering programs this year (2006), the significant others of MBA students, and individuals looking to apply to MBA programs for the 2007-2008 academic year to share their favorite and worst B-school experiences with our readers. These journals are intended to give prospective MBA students a detailed look at the application process and insight about the reality behind the marketing brochures' version of life at business school. To date, over 65 students have detailed their B-school experiences for BusinessWeek Online. Become part of this amazing group or writers and students! Here's how... http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=6 ******************** NEW FEATURE MBA BLOGS Join over 1,500 bloggers in our MBA Blogs community today! Share your journey, meet new friends, and expand your network. Connect with MBA students, applicants and alumni from Columbia, Kellogg, Notre Dame, and more! Become a blogger today! http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=7 ******************** TOOLS & FEATURES MBA INSIDER Check out this feature-rich area for advice and tools that will help you choose the right B-school -- and develop a strategy for getting accepted http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=8 THE BEST UNDERGRADUATE B-SCHOOLS Undergrad business programs are getting MBA-like respect, and competition to get into them is hotter than ever. Here's how the top schools stack up in our first-ever exclusive rankings http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=9 B-SCHOOL CALENDAR BusinessWeek Online's new tool will give you an idea of upcoming events at B-schools in the U.S. and around the world. You'll find information on admissions receptions, application deadlines, networking events, alumni events, conferences, and much more. http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=10 2005 EMBA RANKINGS & PROFILES BusinessWeek's biennial Executive MBA rankings grade 25 programs worldwide. Plus, you'll find profiles of nearly 200 programs http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=11 2005 EXEC ED RANKINGS & PROFILES Here are BusinessWeek's top 20 Executive Education programs. Plus, profiles of more than 100 programs worldwide http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=12 FULL-TIME MBA RANKINGS & PROFILES BusinessWeek's Top 30 U.S. programs and Top 10 international programs. Plus, scan in-depth profiles of more than 280 full-time programs around the world http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=13 ******************** B-SCHOOL FORUMS Visit BW Online's interactive forums for wide-ranging discussions about management education. Search through over 1,302,000 posts for topics that interest you. Join in today! Here are a few samples of recent messages: Getting into B-School -- Decline Full Ride at Tepper for Shot at Top 5? From: Chitown4eva To: ALL Folks, I'm pondering this a little bit. I'm looking to go into consulting or IB after graduation. I am an international (non Indian IT techie) changing careers from engineering. I have average stats: 31 years [old], 730 GMAT, 3.6 GPA with no grading on the curve, ranked third in class in undergrad, advanced engineering degree from top U.S. School, five years work experience. I got full rides from all the schools I applied to (ranked 15-25 BusinessWeek). Does this imply I have a reasonable enough shot at a top five which would justify my declining the full ride at Tepper? I'd appreciate some insight. Thanks. ------------ From: PunirC To: Chitown4eva Bird in hand... You're an older applicant, which if you believe our consultants on this board means you are [going to] have a tough time breaking into the top five. And the case will only get tougher next year. You're clearly a strong enough candidate to have schools throw $$ at you, so you could applying up the ladder and shooting for the top five , most likely getting a 5-15 school in a year. I'd wonder what the extra year would get you -- meaning is it worth it to get a marginal improvement in rank over another year delay in going back to school. Can you defer any of the admissions? I guess it comes down to this. If you feel that going this year is essential to your career, the schools you're into are not bad options (in the 15-25 range). There are no guarantees in the future, and a full ride is nothing to treat trivially considering the debt most of us are facing. Good luck. ---------------------------------------------------------- Part-time MBA Programs -- UCLA FEMBA vs. Haas EWMBA From: sdurbha To: ALL What are the pros and cons of the two programs? Apart from the location advantage to local applicants in So Cal and No Cal respectively, what specific benefits does each school offer over the other? Does UCLA have anything for a No Cal applicant to woo him/her away from Haas and vice versa for a So Cal applicant? ------------ From: EconDork To: sdurbha I would say the differences between the schools are pretty small. Overall, Berkeley as a university has more recognition. But the business schools are fairly equivalent. I would give Anderson a clear advantage for entertainment and slight edge for finance and marketing -- Berkeley of course for anything tech related due to the Silicon Valley. Not sure what else since I'm in investments, that's pretty much all I care about. There is also the factor that Haas is always in the shadow of Stanford, where UCLA is clearly #1 in L.A./So Cal. It may have some regional positive (may not). Overall, I would say your choice should be mostly based off where you want to work. I'm heading to Anderson this fall... Didn't apply to Haas. Best of luck. ------------ From: nacho87 To: sdurbha Hello, Please correct me if I am wrong, but didn't you apply also to University of Chicago? May I ask how come you didn't choose Chicago over Anderson? I live in Pasadena and planned on applying for the winter Chicago... My initial goal is to get a job in sales/trading start date. Thanks for your assistance. ------------ From: EconDork To: sdurbha Man, turning down Chicago was hard; it actually hurt my soul. If I were single, or even didn't have a one-year old, there would have been no question and I would be at the GSB. My wife was hard fast about not moving which would have left me flying back and forth for 2.5 years for the Weekend program. I made her a really sweet deal but she didn't bite. Good luck at the GSB; it is an amazing school... [It] kills me to think about it. ------------ From: dumbguy To: sdurbha Even if the part-time MBA in Santa Clara is well recognized, I would think you do NOT want to get the SC stamp if you can get the Haas stamp. You may do your part time in the Bay area...but think of the situation you will be in when say you work in or with someone in Asia or Europe or the East Coast. Everyone will know the Haas/Berkeley name and I don't think you can really sell SC is #4 in part time vs. Berkeley brand to some guy in Asia. Or lets say, if they don't know the Haas brand they wont know SC for sure. I have a friend who is doing a SC MBA and he mentioned that the fees are close to $80K. I am not really sure if it is $35K as someone had mentioned. There is a reason why the Berkeley acceptance rates and average stats are MUCH, MUCH higher than SC. Obviously if people are making it easier into SC than Berkeley...it is quite clear which program in better...despite the long commute that someone pointed out. One note about electives....in Haas, if you reside in the Bay area, I think you can take both evening and weekend electives. Heck, you can even work some deal with your manager to take some very important electives on a week day with the FT students and work on Saturday or something. To the poster who is contemplating between Haas and UCLA. Congratulations on your admits! I just don't see though what makes you want to go to UCLA given that you got into Haas. If you are saying something like Chicago and finance, then that makes sense...but why so much confusion over Haas and UCLA...two evenly matched programs. Oh regarding UC Davis, It really depends on what you want to do with an MBA. In my case, I hope to move or be able to move to specific geographies after my MBA. I think my number one career related priority is to get a MBA that will be globally recognized -- part time because of some financial issues. I am OK to shift bases or get a new job in a different location if need be. Some may not have those flexibilities. I see this as the last degree I can get and I want it from a well known school, especially since I will be shelling out nearly the same money in most schools. The schools I am considering are Haas, UCLA, Chicago, Kellogg, INSEAD (short course). Apart from Haas (due to supply demand), I think I have a reasonable shot at the other four. I'll stop rambling... ;) ******************** STOCK PICKS & PANS Lehman Bros. (LEH ): Reiterates 5 STARS (solid buy) Analyst: Robert Hansen, CFA Lehman posts May-quarter EPS of $1.69, vs. $1.13 one year earlier, above our $1.45 estimate. Although the May quarter was lower than the February quarter's record results, we were generally impressed. Fixed income trading rose both sequentially and year- over-year, as did client services revenue. We are raising our fiscal 2006 (Nov.) EPS estimate to $6.40 from $6.12, but maintaining our 12-month target price at $83, 13 times our fiscal 2006 EPS estimate, near peers. We think comments about clients becoming more risk averse and recent declines in equity markets have pressured the shares, which we view as very attractive. http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=14 ******************** WORDS OF WISDOM MBAs Offer Advice on B-School and Beyond... ------------------------------------------- Internships matter if you don't know what you want. But they are really about adding another story to your resume. Often, a bit of project work during school is just as good or better -Columbia '97; Entrepreneur Put more effort on finding a good internship because it can really open [or close] doors during the second year. The best internships tend to show up in late April or May because most fun and interesting entrepreneurial companies don't plan a year in advance to hire an intern. Also, if you like the internship and take the job, it makes second year a whole lot more fun. -Tuck '98; Marketing Director When I didn't get the internship I wanted, I thought my business school education would be wasted. While the internship can be the key to locking up a nice position after school and having a stress-free second year, it does not absolutely determine where you end up full time. The most important thing about the internship is to develop the skill sets that you want to sell to companies you have targeted for full time positions. -Fuqua '98; Brand Manager ******************** BW ONLINE'S DAILY BRIEFING Visit this area for BusinessWeek Online's daily news features. Here are a few from this week: http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=15 entertainment -- from bw THE PORNOGRAPHERS VS. THE PIRATES Smut giants are showing mainstream Hollywood how to fight back http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=16 news analysis NOW, IT'S EUROPE VS. APPLE The Continent's regulators are scrutinizing the success of Apple's digital media platform, claiming that iTunes should be compatible with all MP3 players http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=17 news analysis IMCLONE ON THE BLOCK The once-infamous pharmaceutical company has put itself up for sale. What will that mean for its stock? http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=18 news analysis SHOULD YOU BET ON ETHANOL? Three makers of the clean-burning fuel have filed to go public. Investors could score big, but there's plenty of risk http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=19 newsmaker q&a:investing FROM PIGSKIN TO PORTFOLIOS One-time college coach Joe Moglia, now CEO of TD Ameritrade, talks about the discount brokerage's growth, current strategy, and poker plas Warren Buffett and Bill Gates http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=20 ******************** THINKING OF RELOCATING? Check out our Cost of Living Search powered by monstermoving.com Compare Salaries Does your pay match the market rate? How much should you ask your new employer for? Find out with Careers' new tool Tell your friends how to keep in touch with the latest B-school trends. Have them register for free for BW's twice-a-month MBA Express newsletter today at: http://newsletters.businessweek.com/c.asp?id=616485&c=5ae71d9055cd42d7&l=21 Remember, BusinessWeek Online's B-Schools channel is updated daily, so come by whenever you can. Meantime, look for the next issue of the MBA Express in two weeks. The MBA Express Newsletter is a FREE service provided by BusinessWeek Online. To sign up for other newsletters, cancel delivery, change delivery options or change your e-mail address, please go to our Newsletter Preferences page. http://newsletters.businessweek.com/bwn/form.asp?c=5ae71d9055cd42d7 If you need other assistance, please contact Customer Service http://www.businessweek.com/service.htm or contact: Wanda Cooper BusinessWeek Customer Rights Communications Data Services 1995 G Avenue Red Oak, IA 51566 Phone: 1-800-635-1200 View our corporate privacy policy at http://www.mcgraw-hill.com/privacy.html. 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Date:	2006-06-14 - 07:20:06

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