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FROM From UCLA Students' blog: Millennials, Innovation, and the Future of Consulting

I recently had the opportunity to attend one of Dean Olian's Distinguished Speaker Series events this Monday with Jim Moffatt '87, the CEO of Global Consulting at Deloitte Touche Tohmatsu Limited. Jim joined Deloitte in 1987 after graduating from Anderson, became a partner in 1994, and has been a leader in Deloitte's global scaling initiatives, while focusing on the Energy and Life Sciences / Healthcare practice in particular. My classmate and outgoing president of Anderson's Strategy & Operations Management Association (SOMA) Amirali Ghasemipour had the honor of introducing Jim to a packed Korn Hall audience. The talk left several deep impressions on me, and challenged many of my assumptions:

Go Where the Innovation Goes: We all have preset notions of management consultants' time tested routines- walking in with sharp suits, collecting data, and then implementing a framework analysis and delivering an impressive set of slide decks for their clients- yet Jim's description of the practice could not be any more radically different. A key point he made, for instance, was that management consulting is inherently about adapting as quickly as possible to shifts in technology, industry trends, and client preferences- Deloitte intends to go where the innovation goes (as its recent history of technology and digital agency firms clearly demonstrates); no matter what function or industry you are in, for example, you have to learn to speak the language and understand the underlying concepts of the 21st century technological revolution. Jim made an important point about being cognizant not to surround yourself with people who tell you what you want to hear; that's a recipe for stagnant complacency and lost value, and a surefire way to get left behind. 


Driven By Purpose:
Moreover, as someone deeply passionate about human capital and organizational transformation, I especially gravitated towards Jim's comments and overall outlook on the millennial workforce. It's rubbish, he maintained, to assume millennial are any less committed to their organizations as the generation before. In fact, as he pointed out- when he joined Deloitte out of business school, he too planned on being there for only two years. The key, ultimately, to empowering a millennial workforce is to align their work with a meaningful purpose or call to action. It's not enough to expect to be able to retain your top talent just by handing over a paycheck every other week- there has to be a greater social, economic, or technological impact for it to be appealing. In addition, millennials want "cool", exciting jobs- it's one of the reasons Jim cites for why Deloitte specifically looks to enter into innovative fields like machine learning and digital strategy.

Make The Important Things A Priority:  One of the biggest internal conflicts I've experienced- and I know many of my classmates have likewise experienced- in deciding whether to enter management consulting is the ability to balance your work and personal life. We've all heard the stories of consultants spending endless nights living in hotel rooms and on flights, but we don't often get to hear the other perspective of how people make it work. I had the opportunity to have lunch with Jim, Dean Olian, and a group of Anderson professors and students afterwards, where more intimate questions about work/life balance were posed. Jim spoke about how he would block off time on Fridays and Saturdays to coach his kids' baseball and soccer teams; it was his way of staying connected with his family. In the end, it's about blocking off time for the things that are most important. When Jim plans his week, he clearly blocks off the time he spends with his family first, and works around that to construct his busy schedule.

I'll be the incoming president of SOMA next year, and really hope to be able to bring more speakers and industry leaders like Jim on campus next year.
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ibiza6403
Any idea when Round 3 interview invites will be sent out?

I received an invite today.
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ibiza6403
Any idea when Round 3 interview invites will be sent out?

I received an invite today.

Congrats. Hope they will be sending out other invites soon!
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Anyone know if round 3 decisions are sent out on a rolling basis or do they wait until decision day?
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Anyone know if round 3 decisions are sent out on a rolling basis or do they wait until decision day?

Hi, did you get an update on this? I'm in the same situation, interviewed a week and a half ago and haven't heard anything yet. It's starting to make me a little nervous.
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Looking at the posts from last year, they did one early release of decisions. But last year the final decision day was in June so with an earlier decision day this year, it's possible they won't do an early release.
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Looking at the posts from last year, they did one early release of decisions. But last year the final decision day was in June so with an earlier decision day this year, it's possible they won't do an early release.

Thanks appreciate your feedback. I'll let you know if I hear anything
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good luck everyone!
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FROM From UCLA Students' blog: Bankers Just Wanna Have Fun


 

I felt compelled to pop on here for a moment and pow wow about the event I attended tonight, an annual tradition of roasting the second-year Investment Banking Anderson Career Team (ACT) coaches who were instrumental in helping us secure our summer internships. It’s no secret that ACT, a completely voluntary and primarily student-led program, is one of the most distinctive aspects of the Anderson experience, and as we approach the end of the quarter, and what is the end of business school for our coaches, we first-years wanted to show our appreciation the only way we know how—by roasting them. 

 

We booked out the entire second floor of a Mexican restaurant in Santa Monica and toasted one another with incredibly strong margaritas, taking one last chance to catch up before we all head off to our internships or full-time jobs. The Roast, put together and delivered by a few of my classmates, had everyone roaring with laughter as we saw slide after slide highlighting each ACT coach. It’s crazy to think that just a few months ago, we were all in “networking” mode with our coaches, but now we were handed the reins to make fun of them. I might regret saying this at this time next year, but I’m actually looking forward to getting roasted by the bankers of 2018 (insert not-so-subtle plug to explore a career in investment banking because you'd miss out on all this fun otherwise - seriously though, if you're even thinking or wondering about it, please hit me up). 

 

It's just now starting to hit me that I only have two more weeks left until my internship starts. My first year at Anderson is coming to a close, and I'm overwhelmed by the number of amazing relationships I've built with so many talented classmates. The best part is that I know the incoming class will be fantastic as well, and I look forward to building those connections throughout my second year. 
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Anyone know if UCLA will be making calls tomorrow? Or will it be Tuesday?
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Anyone have any idea as to what is going on with the waitlist? Haven't heard of anyone on the waitlist with reports of admits/denials, and the waitlist thread on the Anderson forum is dead.

R3 decision release date was today, and I got the boilerplate e-mail saying I may hear something about a possible seat opening in June or July. Obviously nothing committal, though, and I'm assuming I eventually get a ding. Just very frustrating to be left in limbo so long when I applied nine months ago now.
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Anyone have any idea as to what is going on with the waitlist? Haven't heard of anyone on the waitlist with reports of admits/denials, and the waitlist thread on the Anderson forum is dead.

R3 decision release date was today, and I got the boilerplate e-mail saying I may hear something about a possible seat opening in June or July. Obviously nothing committal, though, and I'm assuming I eventually get a ding. Just very frustrating to be left in limbo so long when I applied nine months ago now.

I would assume they will wait for the R3 yes/no answers and then fill the remaining spots from WL, so may be a few weeks. Anyone know the reply-by date for R3 applicants?
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Did anyone get in R3?
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Did anyone get in R3?

I'm sure some did, but based on the complete lack of responses in all of the Anderson threads, it seems like there was very little activity in the round. Anderson has/had a reputation for having a relatively busy R3, but it looks like that wasn't the case this year. No news on new R3 admits, and no news on R1 & R2 waitlists. As tabulated only from GMAT Club profiles, there were 391 applicants at Anderson this year, only 17 of which applied in R3 (i.e. 4.3% of all applicants).

The yield at Anderson has spiked in the last couple of years, and assuming that continued again this year (which is likely), I imagine they just have almost no space at this point. My gut tells me that Anderson has essentially already sent out all of the offers that they intend to extend, and that their 2018 class is essentially in the books. Maybe a handful of Waitlist offers go out in the next six weeks as some accepted offers back out, but otherwise this is a done deal, and you've either gotten your offer already or you wre dinged (even if you haven't been informed just yet).
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FROM From UCLA Students' blog: Guest Blog: Social Life at Anderson
Today's guest blog comes from David Wang, Section E social chair and my fellow section-mate. Read on to learn about his transformative experience at Anderson and his tips for how to make the most of the only two years you'll have at business school!



 

Name: David Wang

Hometown: Columbus, OH
Undergrad Institution: Cornell University
Pre-Business School: Cancer Research
Summer Internship: Product Manager at Renovate America (Clean Energy)
Post-Anderson (industry): Tech

Whenever I’m asked about business school, I always describe it as being more work but also way more fun than I expected. What you will quickly learn about the MBA experience is that it’s absolutely what you make of it. That is true not only for academics and recruiting, but also your social life. One of the biggest regrets I hear from graduates, and even students finishing up their first year is that they wish they invested more time into going out to social events and getting to know the people in their class.

As a natural introvert, I knew this would be a challenge, so I put myself in a position where I would be forced to mingle – I ran for section social chair. This turned out to be the single best decision of my Anderson career. Was it a lot of work? Yes. Was I obligated to turn up on many occasions when I’d rather be in bed watching Netflix? You bet. But looking back, the benefits far outweigh everything else. From happy hours, football tailgates, section dinners, skydiving, bubble soccer, fundraisers, to a mind-blowing Vegas weekend for graduating second years, I got a chance to meet virtually every other student in the program (my future network). This was also a great opportunity to work on my leadership, teamwork, planning, and organizing skills within a diverse and amazing class.

You don’t necessarily have to run for social chair to have an incredible time. Rather, realize that building relationships within the Anderson community is an integral part of the MBA experience. As each of you prepares to embark on this life-changing journey, I hope you make up your minds right now to say yes more often than no, and to prioritize your social life amidst a hectic schedule. It may turn out to be the best decision you make in business school.
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FROM NewsUCLA: Let’s Get Started! MBA Class of 2019 Application Deadlines
Hello Future UCLA Anderson MBA Class of 2019!

We know you’re all excited at the prospect of beginning your journey here at UCLA Anderson, and the first step is to apply when our new application goes live on August 1st! We’ll be posting more information in the coming weeks and months, but to get you started, below are the application deadlines by round for our Full-time MBA program:

  • Round 1: October 6, 2016
  • Round 2: January 5, 2017
  • Round 3: April 12, 2017
Stay tuned for more information!  Have some burning questions now? Don’t hesitate to reach out to us at (310) 825-6944 or mba.admissions@anderson.ucla.edu.  Also, don’t forget to Introduce Yourself!



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