Monday, September 30, 2013

Company Speed Dating for Kelley MBAs

 By Kyle PriceFirst-year MBA, Business Marketing Academy

“Ring, ring, ring.”  Bells were ringing in the first week of class for Kelley’s first year MBAs as we had the opportunity to network with over 40 companies at the Kelley MBA Roundtables event.

On Friday, August 29th my classmates and I put our business clothes back on and headed to the Bloomington Convention Center to network with company recruiters.  The event was set up so that each company was at a separate table.  Students then had 20 minutes at a table before the bell rang and we had to move to a different table.  It was essentially company speed dating for Kelley MBA students.

The Wall Street Journal recently published an article about how companies are coming to MBA campuses early in the school year to recruit talented students.  The Kelley MBA program is at the front of this trend through events like the Roundtables.  While it can be challenging to get your pitch and career goals put together this early in the school year, Kelley’s #1 ranked Graduate Career Services (GCS) had me and my classmates ready to go. 

Since July, my classmates and I had been working through personality tests, mapping our career goals, and developing our personal pitches.  When we got to campus for orientation, GCS worked one on one with each of us to refine our career goals and how we would achieve them.  By the time the Kelley Roundtables event began, my classmates and I were fully prepared to make a positive impression with prestigious companies.

Through the event I was able to meet with 10 different companies and build a tremendous contact list.  This allowed me to schedule informational phone calls with several companies and one company even interviewed me just three weeks later.

To anyone exploring MBA programs, I invite you to come visit us at Kelley.  During your visit you’ll get to hear more of these stories and how GCS is preparing Kelley MBAs for successful careers.  What are you waiting for- it won’t be long before the bell will be ringing again!  

Wednesday, September 25, 2013

IGOE Fellows attend the National Black MBA Association Conference in Houston

By Tulio Bracho, Second Year MBA, Finance

IGOE Fellows at National Black MBA Association Conference
One of the main opportunities MBA students from around the country have to network with recruiters from a variety of companies is the annual National Black MBAA conference. This year the career fair was held in Houston, Texas between September 12 and 13. Thanks to sponsorship from the Institute for Global Organizational Effectiveness(IGOE), five IGOE fellows attended the conference and had the opportunity to expand their professional networks. In order to understand what this conference was all about and to identify some keys to success, I interviewed Antonio Fernandez, an IGOE Fellow and President of the Latin MBA Club.  

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Antonio, why did you decide to attend the NBMBAA Conference?
I decided to attend the conference because more than 150 companies were sending recruiters there and I wanted to network with the companies I was interested in, and also because is part of the integral experience of being an MBA student.

How did you prepare to attend the conference?
I did a few things that helped me a lot. First, I researched the companies that were attending the conference and I created a target list with my top choices. Then I made sure that I understood how they do business and what their culture is like.  Second, I applied to the positions I was interested in beforehand and I contacted the recruiters to start the networking process before traveling. Third and last, I practiced for different interview styles for weeks, including behavioral, case, and brainteasers. It was a lot of work, but at the end I feel it made a difference.

What was the biggest challenge during the networking process?
The interview process is always challenging because different companies have their own ways of interviewing and you never know what to expect. To make things harder, if you are lucky to be invited to interview with many companies, you could have interviews back-to-back during the whole day. For example, the second day of the conference I had several interviews with different companies for more than 6 hours in a row. At some point you are afraid to make mistakes, but at that moment is when all the training and hard work you have put in the process pays off because you have the endurance to keep going and close strong. In my case, I am happy everything worked out well and I got a full-time job offer on site.

What advice would you give to people who want to attend the conference in the future?
Have a plan, practice, and don’t hesitate to ask for people to help you by setting up mock interviews. People from Kelley are always willing to help others, that is who we are.

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The Chinese philosopher Lao-tzu once said that, “A journey of a thousand miles begins with a single step”.  We can apply these words when planning out how to achieve our professional goals. A clear vision of what one wants, a profound understanding of what it takes to get it, and the perseverance and discipline to put in the necessary effort are all fundamental in order to seize the opportunities when they present themselves. Antonio’s success during the NBMBAA Conference was the result of a sound game plan, weeks of preparation, and endurance to go the extra mile. Now that the IGOE fellows are preparing to attend the NSHMBA Conference in October, it’s the prefect time to start paving the road to success by following Antonio’s example.
Tulio Bracho (left) 

Monday, September 23, 2013

Internship Reflections: Luke at Eli Lilly

Internship Reflections: Luke at Eli Lilly
By Luke Hayward, 2nd year MBA, Consumer Marketing Academy
Luke Hayward

When I sat down at my desk for the first day of my summer internship at Eli Lilly, my project seemed like a huge, almost insurmountable task.  

After feeling overwhelmed for a short time, I thought back to the process I went through during the Consumer Marketing Academy (CMA) project in the spring of my first year at Kelley. The CMA project begins with an existing problem that a real company asks Kelley students to analyze. It is essentially the same level of difficulty as an internship project, but you work through it with a team of five. It is great practice before the actual internship starts. 

I thought back on how the academy directors  Ray Luther and Jonlee Andrews  continually pushed us to make sure our ideas were grounded in strong analysis of the available data. I also remembered how they pushed us to not only have good ideas and recommendations, but to tell a story with our presentation to ensure that everyone was able to follow it and thus increase our chances for buy-in on our recommendations from senior management. 

As I was putting my final presentation together I felt like I had compiled a lot of valuable information, but it needed to be more cohesive and really tell a story of what I'd been working on during my internship and how I arrived at my conclusions. 

I called upon what I had learned in the CMA and reworked my final presentation so that it had a compelling hook at the beginning, followed by a story that added layers of data as it went on, concluding in a strongly supported recommendation.  As a result I was able to deliver a great final presentation and get buy-in from all the key stakeholders on my team.  I truly believe that Kelley and the CMA gave me all the tools and experience that I needed to excel this summer!

Tuesday, September 17, 2013

Professor Chowdhury shares insights on Bangladesh with IGOE Global Fellows

By Tulio Bracho, Class of 2014, Finance
Kelley MBA IGOE Fellows

In the mid 60’s, Indiana University and Dhaka University entered into a collaboration that was meant to provide both universities the opportunity for global fellowship. Forty-five years later, the collaboration was rekindled and a new generation of business students is benefitting from working with representatives of one of the fastest growing economies in the world.

The Institute for Global Organizational Effectiveness (IGOE) was honored to take part in this renewed effort of globalization and have Professor Golam Mohammed Chowdhury, the first recipient of the Herman B. Wells - M.O. Ghani Fellowship visit to discuss business and the economic situation in Bangladesh. Professor Chowdhury understands these topics well as he is a professor at the Institute of Business Administration at the University of Dhaka in Bangladesh, and share important insights with IGOE Global Fellows.

The government of Bangladesh is doing all that it can to encourage investors through various programs and policies. Bangladesh has a democratic government and both of the major political parties support an investor-friendly regulatory regime. There are no major tensions that exist and Bangladesh is on friendly terms with all of its neighbors in the area. This stability is great for businesses that are moving into the region.

Bangladesh also has extremely low labor costs, some of the lowest in Asia. With a population half the size of the U.S. in the geographical area about the size of Iowa, there are many skilled workers available in the country. This population supports many growing industries including textiles, frozen foods pharmaceuticals and leathers. There are over 5,000 textile and garment factories currently operating making the textile industry the largest exporter in the country.

There are also opportunities for continued growth. Gas and coal mining are starting to be developed and promise to be a major factor in Bangladesh’s economy. Factors like these are why Bangladesh has been named a Next-11 country. It has been predicted that if the economy continues to grow, it should be the 31st largest in the world by 2050.

We can learn much from looking at the example provided by one of the fastest growing economies in the world. As the rest of the world has suffered through an economic depression, Bangladesh has continued to grow. As the economy has grown, companies throughout the world have started to make connections with Bangladesh. It is very likely that graduates from the Kelley School of Business will be either working for or with a business with direct connections to Bangladesh. Even if those direct connections are not there, graduates can play a role in their own organizations by advising them to establish those connections. In that way, organizations can take full advantage of the low-costs, high quality and political stability compared to other countries in the region.

It is through partnerships like the one that allowed Professor Chowdhury to visit Indiana University and IGOE where we can learn from one another. Hopefully this fellowship, and others like it, will continue to provide an opportunity for us to learn from the successes of each other. 

Monday, September 16, 2013

Internship Reflections: Dante at Kraft Foods

Internship Reflections: Dante at Kraft Foods
By Dante Cunningham, 2nd year MBA, Kraft Foods Marketing Intern

Dante Cunningham
Thinking back on my summer internship at Kraft Foods in Glenview IL, one thing really stood out to me about the Kelley Alumni network and that thing was – our network did not need a big presence to have a huge impact. At Kraft Foods in Glenview, we had 7 alumni, but at times it felt like 30. The level of interaction, commitment, and support rivaled the 'core school' interns so much that I never felt like I was the only intern from Kelley in the office.

The quality of my interactions with our alumni were great too!  I had countless meetings with senior Assistant Brand Managers and Brand Managers set up the moment my internship started, and they wasted no time getting me ready for the next 10 weeks. I think this is a true testament to the commitment to giving back at Kelley.