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Calling all UWA-Foster Applicants: (2016 Intake) Class of 2018!!

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Foster holds 2nd Annual MBA Microsoft Excel Tournament  [#permalink]

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New post 21 May 2016, 16:00
FROM Foster Admissions Blog: Foster holds 2nd Annual MBA Microsoft Excel Tournament
Image
“Well…I’m, like…really good at Excel.”

“Well, do you know VLOOKUP?”

“Yes. That grade-school formula? Can you make macros?”

“Taught myself off Youtube. How’s your nested-IF game?”

This is not a scene from Kung Fu Panda 3. This discussion happens every Fall quarter at Foster, as new MBA students get to know their teammates and the skills they bring.

Most of us arrive here with some experience in Microsoft Office – and plenty of us crunched our way through big Excel spreadsheets for a good chunk of our 20s. And we definitely use it during the MBA as well as after. So Foster’s MBA Strategy Club got together and started an Excel tournament to settle “who the best” was. This year, during the 2nd Annual Foster MBA MSFT Excel Tournament, we even got a $350 sponsorship from Microsoft for our efforts.

For the second year in a row, our Excel-savvy MBA students competed against one another in a multi-event skills challenge. Like a (very nerdy) decathlon, participants took on a series of timed events, focused around specific MBA-relevant skill areas.

Image
“Build a chart to these specs, from this dataset!”

“Transform these fields, alphabetize and remove records here, and here!”

“There’s an error somewhere in this spreadsheet. You have 15 min before a big meeting to find it.”

When the dust cleared, Yuvika Kedia of the MBA Class of 2016 stood triumphant! As a certified Chartered Accountant, with stamps like Ernst & Young India and Amazon on her resume, and as an all-around expert – she won one round handily and came close in the remaining two.

“Definitely challenging, but fun. A lot of real world situations like we’d face in the office,” our champion said. ”It felt pretty good to win, too.”

The Foster MBA Strategy Club exists to give its members the problem-solving skills they’ll need, out there in the business world. We appreciate Microsoft’s sponsorship – and look forward to next year’s event!

ABOUT THE AUTHOR

Image
Prior to Foster, Peter Kazarian was a lifelong Californian and veteran of the LA/SF digital/ad agency scene. As a digital strategist, he focused on web strategy, e-commerce and database-driven marketing for major nonprofits like the American Red Cross and the City of Hope cancer treatment center. After winning a few industry-specific awards, he came to Foster to move fully into consumer marketing on behalf of for-profits.

He really enjoys his UW education and bonding with classmates and alums, and he’s going back to Starbucks HQ doing Brand and Channel marketing after graduation. When not networking or studying, he spends his time cooking, hiking, and going deep in the blogosphere. And trying to adjust to the PNW’s weather and lack of Mexican food.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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Foster Venture Fellows Co-Founder Hartley Riedner on Networking and Bu  [#permalink]

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New post 25 May 2016, 18:00
FROM Foster Admissions Blog: Foster Venture Fellows Co-Founder Hartley Riedner on Networking and Building A Sustainable Program
I wrote earlier about the founding of the Foster Venture Fellows, which was started in 2015 as a professional student organization providing practical venture capital industry experience for Foster MBAs and valuable project work for venture capital firms. The previous article on August 2015 was erroneously titled – it should have been titled ‘How three MBA students are connecting Foster MBAs and the Seattle VC community’ because there was a third co-founder: Hartley Riedner, Class of 2016, and a member of the Foster MBA team that won second place at the 2015 Global Venture Capital and Investment Competition. I apologize for this error and got a chance to talk to Hartley last week to hear more about her experience and how the Venture Fellows went. Read on below! – Nelson Tang, Class of 2016

Image
Hartley (3rd from left) and the rest of the team with their prize for taking second at the 2015 VCIC Global Finals in Chapel Hill, NC

What did you do before the MBA?
Before coming to Seattle, I lived in San Francisco and was working in PR and communications in consumer goods and B2B tech companies before moving in-house to an online media startup, where I was able to see how a startup works on the inside. One of my main drivers for coming to the University of Washington was to explore the funding side of startups, so the Buerk Center of Entrepreneurship, Angel Investing class, and other opportunities like those were really big motivators for me to come to Foster.

What kind of activities at Foster really helped you explore that interest?
I found that when I came to Foster there were things in place like the Venture Capital and Investment Competition (VCIC) class and the Angel Investing class and getting involved with the Buerk Center and the Business Plan Competition and things like that. Outside of those there wasn’t a great way to explore the investment and venture capital side. There were great resources around how to start and grow a company but there weren’t many perspectives from the other side of the table. So, I really had to do a lot of my own networking and identifying the people I wanted to talk with.

How did you find the right people to talk to?
Being on the VCIC team that went to the regionals and nationals really helped a lot because we got a lot of exposure to so many great VC firms in town. I would also chase down speakers after class (literally!) and ask them if I could have coffee with them. That actually got me a lot of interviews.

Everybody talks about having this magic card that you have when you’re an MBA student or any kind of student, where anyone will sit down with you and answer your phone call just to chat. I tried to tease that as much as possible while I still had it.

I sought out people who were in the roles that I wanted to be in eventually. My biggest questions for them were around how they landed their first roles. There’s rarely a straight path to those roles in venture capital firms so I wanted to learn more about what they did before going into VC, what skills they gained, and how a good venture capitalist thinks so that I could start working on those skills.

How did this lead you to start the Foster Venture Fellows?
Ken, Rob, and I recognized that there was this gap in getting access to the Venture Capital community and I was lucky to be on the winning VCIC team. If you’re not on that team, there really wasn’t a lot of ways to get connected with the community. We wanted to start something at Foster that could be an institutionalized path to get that experience. Since the VC community in Seattle is so welcoming compared to other markets, we knew that we could place these students in them and also elevate UW’s status in their eyes.

Once the fellowship got underway, what was the experience like, for you and for the Venture Fellows?
It was a really interesting experience as an MBA student, because I feel like this was a weirdly competitive environment. At this point none of us had internships. We were very intentional about trying to create something that was sustainable and would make it easier for future students to get these opportunities. This meant that we had to accept the fact we weren’t going to take those opportunities for ourselves in order to build the program and pave a way for five very lucky individuals in the next class. It was really interesting to find out how well the VC firms received that. I think it showed them how serious we were about creating this program, and they wanted something that was long lasting and would be here for several years. That was a great takeaway for me: if you share your intentions and bring people along in the early stages of the planning process, they’re really a lot more receptive.

For the fellows, we were really pleasantly surprised with the interest that we had, so we tried to create opportunities for students get involved as much as possible. I think that everyone who participated in the program had a beneficial experience, and got exposure to people they wouldn’t normally have interacted or worked with. We have some great takeaways for next year, like the possibility of longer placements and more structure around the projects. Another great thing with the success of this program is that we’ll be able to bring on additional firms for next year, so we can expand the reach of the Venture Fellows community.

And all 5 of those fellows are continuing on next year?
All of them have a leadership role in the program and I think we’re still navigating how the program is going to change for next year, but one of my goals is to try to get a little more diversity of the fellows. I’d like to see more women, especially. There really isn’t a typical background for people who go into venture capital, so I just want to make it more accessible to everyone…meaning that you don’t have to be interested in finance or have a very specific background.

How has this helped your post-MBA plans?
Venture capital is still 100% on my radar, and I think at this point I’m just trying to be open to the path that I take to get there. The path to VC is not a straight shot, but it can be done. I just picked one of the hardest industries that you can get into! It’s tough because it’s such a small community and there are only so many opportunities…but with the relationships and network I’ve grown through the program, my number one goal is to keep those afterwards and to continue to strengthen them. I feel that I’m coming out of this with a really good network.

About Hartley Riedner
Image
Prior to the MBA, Hartley Riedner (Full Time Class of 2016) was in marketing, communications, and project management first at a PR firm and later at a business-to-business tech startup in the San Francisco Bay Area. For more about Hartley, find her on LinkedIn here.

Learn more about the Foster Venture Fellows on their website. For more on startups and Foster entrepreneurship, learn more about the Buerk Center of Entrepreneurship and the Graduate Entrepreneurship program.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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Re: Calling all UWA-Foster Applicants: (2016 Intake) Class of 2018!!  [#permalink]

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New post 09 Jun 2016, 04:19
Hello Everyone! I'm new and want to know more about foster applicants procedure, so please help me through telling about admissions committee?
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Re: Calling all UWA-Foster Applicants: (2016 Intake) Class of 2018!!  [#permalink]

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New post 12 Jun 2016, 03:39
tscth wrote:
Hello Everyone! I'm new and want to know more about foster applicants procedure, so please help me through telling about admissions committee?


What specifically would you like to know about the Admissions Committee?
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Re: Calling all UWA-Foster Applicants: (2016 Intake) Class of 2018!!  [#permalink]

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New post 13 Jun 2016, 00:55
Thank you very much for providing free video that is awesome and valuable.
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2016 Foster MBA Commencement  [#permalink]

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New post 28 Jun 2016, 22:00
FROM Foster Admissions Blog: 2016 Foster MBA Commencement
On Saturday, June 11, the 2016 Commencement for the Foster School of Business took place underneath characteristically cloudy and drizzly Seattle skies. But inside Meany Hall, the sun was shining brightly as over 200 Full-time MBA, Evening MBA, and PhD students were joined by faculty, staff, friends, and family to celebrate the successful completion of their degrees. Image
Becky See, Class of 2016 MBA Graduate

Delivering the student speech, Full-time MBA student Becky See focused on the opportunities that exist for her and her fellow classmates to make an impact on their communities. “I am not asking for Bill & Melinda Gates-level impact necessarily,” said See. “Sure, that would be amazing. But, I am also thinking about day to day impact, like making sure everyone at the conference table gets a voice, sitting on a nonprofit board, or investing more time in your family and community than in your bank account. You can make your own definition of “world,” but do not let that world pass you by.”

In his keynote address, Howard Behar, the former CEO of Starbucks, continued this theme of impact and service as he challenged the graduates to always put the people of the business first, no matter their rank within the company. “I believe what you have just been given is an obligation to serve others. It doesn’t make any difference what job you have or what industry you work in,” said Behar. “I hope that you will always remember why you are here and what you stand for: to serve people.” Image
Howard Behar delivering the keynote address
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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Foster Spotlight: Josh Anderson  [#permalink]

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New post 11 Jul 2016, 10:00
FROM Foster Admissions Blog: Foster Spotlight: Josh Anderson
Meet Josh! Born and raised in Las Vegas, Josh Anderson is what we affectionately refer to as a “Double Dawg,” having attended UW for both undergraduate and graduate school. Before Foster, he worked in quality assurance as a test engineer for Emulex Corporation and Fluke Corporation. Josh is the 2016-17 Foster MBAA president, and when he’s not busy with those duties or class, you can find him walking the streets of Ballard with his dog, Bowler.

Image

Why did you decide to go to business school? Working in factories made me really curious about how much we charge for products, how much it costs to build products, and how complex the manufacturing process has become because of globalization, outsourcing, etc. I realized that I loved talking about the companies and their strategies more than about the products that they were making. I enjoyed being an engineer, but I enjoyed it more as a hobby than a day-to-day job. That’s when I realized I should get an MBA.

What’s your favorite thing about living in Seattle? Originally it was the local music scene, but now it’s more than that. The laid-back yet really intelligent atmosphere vibes well with me, and it’s grown to be home over the past 12 years. I actually had to move away for two years because of a job, and it killed me. On a whim, I just quit my job and moved back here because I just missed the town so much.

Why did you choose Foster? I have a friend who is a year above me, and I learned about the program from her. Foster seemed to be a “roll up your sleeves” and “get to work” program with really great people which is what I wanted. And, I’m happy to say, I have found that all to be true. The people in our class are amazing: friendly, happy to help out, and eager to work hard. I’m just thrilled with the school and will be sad the day I graduate.

What’s the MBAA? The Foster MBA Association manages and monitors the issues that matter most to our student body –diversity, international student affairs, career services, academic affairs, etc.—as well as coordinates large scale social events such as graduation. We have 12 vice presidents who focus on a specific interest, and 3 senior VPs, with myself, who manage and coordinate the 22 clubs, the budget, etc.

Why did you decide to get involved? When I joined the program, I knew that I wanted to throw myself into it and get really involved. I decided to run for a first year representative position, which is a voting member of the MBAA. This exposed me to a bit of everything and was a great opportunity to be a spokesperson for the class. I loved this experience, so I decided to run for president to continue working for the class in this capacity.

Favorite class at Foster? Finance. Professor Gilbert is a very serious guy who takes his work very seriously, but at the same time, he has no qualms about having a great time while doing it. I really appreciate that. He holds people to a high standard.

Favorite activity so far? The Whistler trip! (Every year after Fall Quarter finals, students take a group trip to Whistler, B.C. to celebrate the end of the quarter and kick off the winter break.) I spearheaded a trip to a Scandinavian bathhouse while there, and I found myself at this amazing spa, sitting in the middle of the woods, snow falling all around, in complete silence. They actually made you sign a no-talking agreement! It was an amazing way to decompress from the Quarter, and the whole trip was a great experience with my classmates.

If Foster had a school song, what would it be? “Walkabout” by Atlas Sound. The opening lyrics of “What did you want to see? What did you want to be when you grew up?” really speak to the opportunities at Foster, and that the door is wide open for you to do something totally different. You just need to work for it. The rest of the lyrics talk of taking a leap and not looking back, “To go ahead and change your life without regard to what is said”. When you walk into Foster you are making a decision to change your life and dedicate yourself to becoming a better leader.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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Meet the Clubs: Healthcare and Biotechnology Association  [#permalink]

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New post 22 Jul 2016, 10:00
FROM Foster Admissions Blog: Meet the Clubs: Healthcare and Biotechnology Association
For students interested in the healthcare field, Foster’s Healthcare and Biotechnology Association (HCBA) strives to “educate students about the healthcare and biotechnology industries, create valuable connections and experiences for students, and help its members gain internship and job opportunities.”Image

For the 2016-17 school year, HCBA is being headed up by Class of 2017’s Dina A. Fomina Yadlin. Before coming to Foster, Fomina Yadlin received her PhD. in Molecular and Cellular Biology from Harvard, where she focused her research on innovative diabetes treatments. She then worked at Amgen, the global pharmaceutical giant, focusing on improving biological drug production. It was here that she realized she wanted to be a part of the strategic business decisions being made that impacted the research outcomes of the field and the therapeutic options delivered to patients.

With her background in science, Fomina Yadlin is pursuing her MBA at Foster in order to bridge that gap between science and the business of science, and we recently sat down with her to hear about healthcare/biotech opportunities at Foster and what HCBA is planning for the upcoming year.

Why should a student interested in the healthcare/biotech field choose Foster?

Foster is at the pulse of innovation within the healthcare/biotech/global health space. As a research powerhouse, the University of Washington is a catalyst for technological disruption in these fields, and as such, there is a dynamic start-up scene for students to get plugged into. We have access to world-class hospitals and groundbreaking research institutions, and as Foster MBAs, we are able to connect with and learn from the experts leading these organizations. In addition, Seattle is home to both the Bill and Melinda Gates Foundation and PATH and every year, Foster MBAs intern and research with these important global health players.

These are exciting industries, developing constantly, yet with huge challenges still remaining to be solved. There’s also huge opportunity for collaboration with the technology field as Satya Nadella (the CEO of Microsoft) just recently acknowledged by joining the board of Fred Hutch (the groundbreaking cancer research center based in Seattle). Students interested in working in the tech space because of its scale and impact should explore the intersection between healthcare and technology as well. This space is booming in Seattle.

What type of opportunities exist for MBAs interested in the healthcare/biotech space?

Just like other industries, this field needs typical MBA functions, such as business development, finance, marketing, strategy, and operations. There are local, nationwide and global opportunities for Foster MBAs to serve in those functions within the fields of biotechnology, hospital administration, healthcare consulting, pharmaceuticals, medical devices, and global health.Image

In addition to receiving competitive compensation for your talents, you have an opportunity to work on impactful projects aimed at improving human health. It is an incredibly rewarding field to be in because you have opportunities, not only to do well for yourself, but to do work that impacts the community for the better.

Tell us about HCBA

HCBA’s mission is to develop and channel MBA talent into businesses working to improve human health and well-being. Students rated us as one of the best clubs at Foster this past year, and we aim to continue that tradition by providing even more opportunities to learn about and connect with these dynamic industries. We host skill-building workshops, numerous networking opportunities with alums and industry professionals, tours to local companies and organizations, and a CEO speaker series.

And of course, while doing all of this, we also aim to have fun. Business school allows students to have experiences that otherwise wouldn’t be possible, and we hope to leverage that by providing unique opportunities to explore the field while also connecting with classmates and professionals who share the same passions. The HCBA board is composed of talented individuals with professional backgrounds in various sectors covered by our association, and we are eager to see more of our peers get excited about this space. We encourage students to reach out to any of the HCBA board members, and we are very open about coaching them through transition into the field and sharing contacts.

What career prep/networking is available from HBCA?

Every year we host skill-building workshops with local companies in the space. This upcoming year we will be hosting a finance strategy workshop with Providence/Swedish, a healthcare marketing workshop with Seattle Genetics, and a healthcare consulting case prep workshop with the Foster Consulting Society. We also hold an internship panel of the 2nd year students who spent the summer interning within the field, and we plan to put on a Resume/Coverletter workshop for those interested to tailor their stories to the healthcare/biotech/global health space. In addition, we are planning to release the first edition of the HCBA Resource book to all of our club members this Fall, which will have an abundance of valuable career prep information. Networking happens at a lot of our events, including workshops and site visits. We hold an annual HCBA social with the local professional community specifically dedicated to networking and we will also have alums come to the club happy hour info session during PRIME (the orientation week for incoming students). We also co-sponsor several Meet The Firm events throughout the academic year. The networking really starts at the very beginning of the program!

Any site visits/treks planned for this year?

Right now, we are planning a Bill & Melinda Gates Foundation Tour and Alumni Panel for the Fall. In the spring, we will go on a Philips Ultrasound Manufacturing Tour which is always great because it aligns with our core Operations class. Students get to see lean process in practice and see what we are learning in the classroom implemented in a real way! We also are planning to host an ECG management consulting visit and a Frazier Healthcare venture capital visit to further explore opportunities in those two fields.

Outside of HCBA, what other opportunities exist at Foster within the field?

Foster has several classes focused on healthcare. There is the Global Health Business Models course, taught by Emer Dooley, and a healthcare innovation practicum which allows you to satisfy one of your required practical experiences within the sector. Every winter-quarter, there are usually healthcare-focused applied strategy projects first-year students. For my applied-strategy project, I worked on a project with GroupHealth Hospitals, and there was also a group working with Providence. The ever-popular Global Business Forum has a global health focus for the Fall 2016 quarter.

Outside of classes, Foster’s Burke Center for Entrepreneurship annually hosts the Healthcare Innovation Competition. Furthermore, there’s CoMotion Innovation Fellowships available after completion of your first year. CoMotion is UW’s center for technology commercialization, and fellows help UW based startups take off. Many of these startups have been in the healthcare space in the past. We also have several mentors from these fields in the Foster Mentorship program.

Students at Foster are also encouraged to take classes across the University of Washington, including classes at the School for Public Health. We have relationships with other healthcare organizations on campus including the Science and Engineering Business Association (SEBA) and the Student Public Health Association (SPHA) to further connect our members.

You can learn more about HCBA and their upcoming events at https://depts.washington.edu/mbaclub/mb ... sociation/
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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Clubs @ Foster : Healthcare and Biotechnology Association  [#permalink]

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New post 22 Jul 2016, 11:00
FROM Foster Admissions Blog: Clubs @ Foster : Healthcare and Biotechnology Association
For students interested in the healthcare field, Foster’s Healthcare and Biotechnology Association (HCBA) strives to “educate students about the healthcare and biotechnology industries, create valuable connections and experiences for students, and help its members gain internship and job opportunities.”Image

For the 2016-17 school year, HCBA is being headed up by Class of 2017’s Dina A. Fomina Yadlin. Before coming to Foster, Fomina Yadlin received her PhD. in Molecular and Cellular Biology from Harvard, where she focused her research on innovative diabetes treatments. She then worked at Amgen, the global pharmaceutical giant, focusing on improving biological drug production. It was here that she realized she wanted to be a part of the strategic business decisions being made that impacted the research outcomes of the field and the therapeutic options delivered to patients.

With her background in science, Fomina Yadlin is pursuing her MBA at Foster in order to bridge that gap between science and the business of science, and we recently sat down with her to hear about healthcare/biotech opportunities at Foster and what HCBA is planning for the upcoming year.

Why should a student interested in the healthcare/biotech field choose Foster? Foster is at the pulse of innovation within the healthcare/biotech/global health space. As a research powerhouse, the University of Washington is a catalyst for technological disruption in these fields, and as such, there is a dynamic start-up scene for students to get plugged into. We have access to world-class hospitals and groundbreaking research institutions, and as Foster MBAs, we are able to connect with and learn from the experts leading these organizations. In addition, Seattle is home to both the Bill and Melinda Gates Foundation and PATH and every year, Foster MBAs intern and research with these important global health players.

These are exciting industries, developing constantly, yet with huge challenges still remaining to be solved. There’s also huge opportunity for collaboration with the technology field as Satya Nadella (the CEO of Microsoft) just recently acknowledged by joining the board of Fred Hutch (the groundbreaking cancer research center based in Seattle). Students interested in working in the tech space because of its scale and impact should explore the intersection between healthcare and technology as well. This space is booming in Seattle.

What type of opportunities exist for MBAs interested in the healthcare/biotech space? Just like other industries, this field needs typical MBA functions, such as business development, finance, marketing, strategy, and operations. There are local, nationwide and global opportunities for Foster MBAs to serve in those functions within the fields of biotechnology, hospital administration, healthcare consulting, pharmaceuticals, medical devices, and global health.Image

In addition to receiving competitive compensation for your talents, you have an opportunity to work on impactful projects aimed at improving human health. It is an incredibly rewarding field to be in because you have opportunities, not only to do well for yourself, but to do work that impacts the community for the better.

Tell us about HCBA HCBA’s mission is to develop and channel MBA talent into businesses working to improve human health and well-being. Students rated us as one of the best clubs at Foster this past year, and we aim to continue that tradition by providing even more opportunities to learn about and connect with these dynamic industries. We host skill-building workshops, numerous networking opportunities with alums and industry professionals, tours to local companies and organizations, and a CEO speaker series. And of course, while doing all of this, we also aim to have fun. Business school allows students to have experiences that otherwise wouldn’t be possible, and we hope to leverage that by providing unique opportunities to explore the field while also connecting with classmates and professionals who share the same passions. The HCBA board is composed of talented individuals with professional backgrounds in various sectors covered by our association, and we are eager to see more of our peers get excited about this space. We encourage students to reach out to any of the HCBA board members, and we are very open about coaching them through transition into the field and sharing contacts.

What career prep/networking is available from HBCA? Every year we host skill-building workshops with local companies in the space. This upcoming year we will be hosting a finance strategy workshop with Providence/Swedish, a healthcare marketing workshop with Seattle Genetics, and a healthcare consulting case prep workshop with the Foster Consulting Society. We also hold an internship panel of the 2nd year students who spent the summer interning within the field, and we plan to put on a Resume/Coverletter workshop for those interested to tailor their stories to the healthcare/biotech/global health space. In addition, we are planning to release the first edition of the HCBA Resource book to all of our club members this Fall, which will have an abundance of valuable career prep information. Networking happens at a lot of our events, including workshops and site visits. We hold an annual HCBA social with the local professional community specifically dedicated to networking and we will also have alums come to the club happy hour info session during PRIME (the orientation week for incoming students). We also co-sponsor several Meet The Firm events throughout the academic year. The networking really starts at the very beginning of the program!

Any site visits/treks planned for this year? Right now, we are planning a Bill & Melinda Gates Foundation Tour and Alumni Panel for the Fall. In the spring, we will go on a Philips Ultrasound Manufacturing Tour which is always great because it aligns with our core Operations class. Students get to see lean process in practice and see what we are learning in the classroom implemented in a real way! We also are planning to host an ECG management consulting visit and a Frazier Healthcare venture capital visit to further explore opportunities in those two fields.

Outside of HCBA, what other opportunities exist at Foster within the field? Foster has several classes focused on healthcare. There is the Global Health Business Models course, taught by Emer Dooley, and a healthcare innovation practicum which allows you to satisfy one of your required practical experiences within the sector. Every winter-quarter, there are usually healthcare-focused applied strategy projects first-year students. For my applied-strategy project, I worked on a project with GroupHealth Hospitals, and there was also a group working with Providence. The ever-popular Global Business Forum has a global health focus for the Fall 2016 quarter.

Outside of classes, Foster’s Burke Center for Entrepreneurship annually hosts the Healthcare Innovation Competition. Furthermore, there’s CoMotion Innovation Fellowships available after completion of your first year. CoMotion is UW’s center for technology commercialization, and fellows help UW based startups take off. Many of these startups have been in the healthcare space in the past. We also have several mentors from these fields in the Foster Mentorship program.

Students at Foster are also encouraged to take classes across the University of Washington, including classes at the School for Public Health. We have relationships with other healthcare organizations on campus including the Science and Engineering Business Association (SEBA) and the Student Public Health Association (SPHA) to further connect our members.

You can learn more about HCBA and their upcoming events at https://depts.washington.edu/mbaclub/mb ... sociation/
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The 2016 Challenge for Charity Rainier Climb  [#permalink]

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New post 08 Aug 2016, 08:00
FROM Foster Admissions Blog: The 2016 Challenge for Charity Rainier Climb
Image

Sold on a conversation and a view
I still remember the time that I fell in love with the University of Washington. I had flown in on an impossibly sunny January day in 2014 to attend a “Preview Weekend” of the Foster MBA program with fellow admitted and prospective students, and the President of the Foster Veteran’s Association invited me out for a coffee chat. We discovered that we had both served at the same base in Afghanistan but had missed each other by a few weeks, and we ended up talking for almost 2 hours. After that great conversation, I was convinced. I decided to explore the area and eventually found myself at Drumheller Fountain at sunset, where I was met with the same awe-inspiring view that moved a century of UW students to become more than they thought they could be.

At the center of this view was Mount Rainier, the most prominent and heavily glaciated peak in the lower 48. The active stratovolcano rises over thirteen thousand feet from the surrounding terrain to a peak elevation of 14,416’ and its’ imposing mass can hardly be captured in photos. Imagine over nine Empire State Buildings built on top of each other with nothing else around it for hundreds of miles in any direction, and is so massive that it creates its own weather. I could hardly imagine what it was like to climb it, though I knew that many climbers attempted the summit every year with the help of paid guide services who did much of the heavy lifting. I also knew that two teams of Foster MBA students successfully reached the summit by themselves and raised over $13,000 for the Challenge for Charity in 2011 and 2012.

Seeing Mount Rainier in person put that achievement in perspective for me, and I knew that I wanted to help keep that tradition going. I wanted to be a part of a program that inspired its students to be audacious and take ownership of their experience. I immediately pulled out my checkbook and signed the deposit check that would confirm my attendance at the full-time MBA program at the University of Washington.

UW Mountaineering
The 2011 and 2012 MBA summit teams weren’t the only UW students to be inspired to climb higher. Several of America’s finest alpinists saw the same dramatic view of Mount Rainier from Drumheller Fountain and left to make their mark on the mountaineering world. Fred Beckey left UW with a degree in business and promptly became one of the most prolific climbers in North America, putting up numerous first ascents in the Pacific Northwest and beyond. During World War II, when the US Army needed to assemble a mountain assault force to evict Hitler’s soldiers from the Italian Alps, they called Beckey to help train them. Ed Viesturs arrived at UW as a Zoology student with dreams of someday climbing the great peaks of the world, and cut his chops on Rainier as a guide before becoming the first American to summit Everest without supplemental oxygen. Henry Landes (Prominent geologist, UW President and first president of The Mountaineers), Edmond Meany (Professor of Botany and History and the second president of The Mountaineers), Steve Swenson (class of ’77 and served as President of the American Alpine Club), Kitty Calhoun (MBA ’93 and founder of Exum Mountain Adventures)…the list goes on.

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Field trip to Camp Muir on Rainier

Challenges
However, when I arrived at Foster in the Fall of 2014, the Foster MBA flag had not reached the top of Mount Rainier in several years. 2015 didn’t look very promising either, as the Pacific Northwest received a record low snow year, which threatened to create even more challenging conditions on Rainier. What separates Mount Rainier from other mountain peaks in the US is its dramatic prominence and glaciated terrain, which creates a set of dangers that aren’t found on other mountains of comparable elevation. Early in the season many crevasses (some of which are over 300 feet deep) are hidden underneath a layer of snow that softens under the sun. It’s not uncommon for people to cross bridges made of snow over these crevasses, and also not uncommon for people to fall through these bridges as the snow melts under the relentless summer sun. The melting snow also releases dangerous missiles of rock and ice, which can be heard thundering down the mountain at all times of the day. The mountain also creates its own weather, which threatens to turn a calm and clear summer day into a blender of fog and 100 mph wind gusts. Combined with the altitude, Mount Rainier turns back half of the people who attempt to attain its summit, and has killed even the most prepared and experienced teams. During Ed Viesturs’ time as a Rainier guide, he had turned his team around on a particularly icy day on the mountain and was heading back down when he saw another person attempting the summit alone. Viesturs cautioned the man to be careful and warned of the challenging conditions, to which the lone climber replied “It’s only Rainier.” The two continued on their separate ways, but shortly after, Viesturs watched in horror as the solo climber slipped and fell three thousand feet to his death.

2014 was also one of Mount Rainier’s deadliest years in recent memory. That summer, a six-person team of professional guides and seasoned clients attempted to achieve the summit of Rainier through a highly technical and challenging route known as Liberty Ridge. It’s not clear what happened next, but at some point the party was beset by severe weather and forced to set up camp on an exposed ridge. Several days later, a helicopter found the climbers’ GPS signals and gear from their campsite among avalanche debris several hundred feet from their last known location. All six climbers perished.

That same year, several Foster MBAs attempted to summit Rainier over two days but had to turn back. Weather conditions over the next year and a lack of motivation prevented an organized Foster MBA climb in 2015. However, the call of the mountain is relentless, and it wasn’t long before another Foster MBA team would form. A fresh year brought a new crop of MBAs who were eager to make their own mark on the program, led by Jason Matta (’17), an experienced mountaineer with five Rainier summits and a recent summit of Denali in his climbing resume. This time, we would return to the original intent of the annual climb: we would openly recruit for a team to attempt the summit to raise funds and awareness for charity.

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Candidates for the Rainier climbing team training in the rain at Green Lake

The 2016 Attempt
It turns out that there was no shortage of Foster MBAs who were interested in joining the Rainier climbing team. We had former Olympians, ski patrollers, professional musicians, programmers, consultants, and more get involved in the training program. However, at the end of the five month program, only eight people self-selected to remain on the final roster. We wound up with an eclectic mix of veterans from the Army, Navy, and Air Force and civilians with backgrounds in professional sailing, international development, public relations, and law. The Foster MBAs who made it through the program had to sacrifice mornings and weekends for training hikes, team workouts, and field trips. Rather than study for exams or get precious hours of sleep, these team members woke up early to hit the gym or run laps around Green Lake. Instead of attending an important networking opportunity or practicing for case interviews, they went to the mountains to practice how to rescue an unconscious team member who had fallen into a crevasse.

Image
Jason Matta (’17), Anna Bacheller (’17), Chris Burd (’17) and Andrew Rieck (’17) on top of Mt St Helens, great training for Rainier!

In addition to the substantial time commitment, there was a substantial financial burden from each climber. Everyone needed to help raise funds for charity, and they would also need to buy or rent all of their own gear for the climb. It’s still incredible that people would devote their scarce time and resources to be a part of this climb, and put their safety on the line to attempt to scale the mountain together.

As the training program came to an end, the team refocused their efforts on fundraising while simultaneously cramming for finals and the second-years on the team wrapped up their MBA experience. Thanks to the efforts of the team and for everyone in the MBA program, we successfully raised over $4,200 for Challenge for Charity. With the support of our friends, family, and classmates, we were ready and filled with purpose. Unfortunately, we had one climber who got sick the week of the climb, so only seven of us made the attempt. Finally, on June 4th, after many months of planning and preparation, we would be tested on Mount Rainier.

Here are the highlights from the attempt:



I still get teary-eyed thinking about the sunrise from the edge of Rainier’s crater rim. We had the entire place to ourselves, and proudly unfurled the Foster MBA banner at the tallest point in Washington. We now understood what it feels like to stand on top of Mount Rainier and look northward towards Seattle, towards Drumheller Fountain and those wide-eyed students who dreamt of someday climbing mountains of their own. It was the culmination of the team’s hard work over the last 6 months, but for me the feeling was bittersweet. As a second-year, this would mark the end of my Foster MBA experience.

Image
From left to right: Nelson Tang (’16), Jason Matta (’17), Morgan Connelly (’16), Chris Burd (’17), Andrew Rieck (’17), Travis Vaughan (’16), Joe Dennis (’16). Photo Credit: Joe Dennis

The End of the MBA
Over the last 18 months, I’ve learned so much about myself and gained invaluable tools to understand and solve complex challenges. I’ve been tested by exams, take-home papers, and the alpine slopes of the Cascades. Foster gave me the freedom and the support to explore new careers and my peers challenged me to broaden my horizons. Most importantly, I’ve made some lifelong friends and connections that I had never thought I would find outside of the military.

I could not have had the same intensity of experience at another MBA program. Foster’s proximity to awe-inspiring outdoor experiences, sense of community, and program support are unmatched. Other MBA programs may offer more structured opportunities in outdoor leadership that include professional instructors and guide services (and a hefty price). However, I believe that experiences are more powerful when you rely on your own wits and the strength of your team, and when you own the consequences of your actions. Those experiences are truly life changing, and I’m glad to have found that experience after writing that deposit check at Drumheller Fountain. I got exactly what I was looking for out of the Foster MBA. For all the future Foster MBA candidates, I hope that you find what you’re looking for too.

About the Author
Image
Nelson Tang (Class of 2016) is an 8-year Air Force Veteran who will be starting a career in corporate finance at Intel in August 2016. In the meantime, he might be found exploring other mountains in the Pacific Northwest after Rainier ignited a love for the alpine environment.
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The 5 Geniuses You Meet in Business School  [#permalink]

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New post 13 Sep 2016, 14:00
FROM Foster Admissions Blog: The 5 Geniuses You Meet in Business School
Image

About the author: Jeremy grew up in New Jersey and studied film at American University. Before coming to Foster, he worked in TV production and post production for Discovery and Animal Planet. Since joining the Foster MBA class of 2017, he has served on four club boards, interned with a robotics startup, judged a case competition, and formed lifelong friendships. He is not going to tell you which of these five categories he thinks he falls into.

I’ve just finished my first year at Foster and I am still blown away by so many things: Our wonderful professors, the incredible opportunities we have, and how much we’ve all learned in such a short time. Most of all, I am in awe of my incredible classmates. I learn something new from them every single day. There are 128 unique individuals in the Class of 2017. It would take me months to lay out exactly why each of my classmates is wonderful. But, broadly speaking, I have met five different types of genius at Foster.



The Organizational Genius

Who they are: Every MBA student becomes a calendar wizard very quickly.

The Organizational Genius is a wizard of the calendar, a guardian of the Gantt chart, a productivity paladin, and a champion of color-coded lists. Of the five types of genius on this list, this is the easiest one to spot.

What you can learn from them: There are a lot of tangible skills you can pick up from an Organizational Genius. It’s easy to get the “what” and “how” of productivity from them. If you ask for templates, they’ll be more than happy to both build them for you and show you how they work. But the single most important thing you can learn from an Organizational Genius is good habits.

When you’re on a team with an Organizational Genius, offloading logistics and time management to one person — especially when that person is willing — is extremely tempting. Do not waste the opportunity to learn why they do the things they do. Take an active organizational role. The Organizational Genius can help you on your journey to productivity and the team environment is excellent at forcing you to stick with your new habits.

The Social Genius

Who They Are: “Ah ha,” you might say. “These people are easy to spot. Charisma is practically radiating off of them. They’re the type-A power networkers. Quick-witted and always ready with a handshake and a pat on the back.”

And I might say you’re in the ballpark. Yes, most Social Geniuses are great networkers (although many of them defy the type-A stereotype). They might be incredibly popular. But confidence and charisma do not make someone a social genius. What does? Listening.

Social Geniuses understand everything you say and everything you don’t. They are masters of body language, tone of voice, and subtext. They demonstrate emotional awareness — of themselves, of individuals around them, and of the team’s collective emotional state.

What you can learn from them: The value of emotional awareness and excellent listening is self-evident, but our listening habits are nearly automatic. It can take years to change this behavior. One of the best ways to start is to find small ways to learn and improve.

When you work with your team, set limits for yourself that force you to listen — like hitting a personal mute button for one minute at a time or prompting a teammate to speak if they haven’t contributed during a meeting. Ask questions. Focus on drawing out your teammates instead of forcing out your own ideas.

In addition, make a point to have conversations with Social Geniuses — or watch them in conversation with other people. Notice where they look and how they physically respond to new information.

The more time you spend developing yourself socially, the better you will be at identifying emotional soft spots. As much as that skill will benefit you in your professional life, it can have an even greater positive effect in your personal life.

The Quantitative Genius

Who they are: Quantitative Geniuses seem relatively straightforward: they command numbers. You could even say they commune with numbers. And those who approach numbers with religious devotion need to be exceptionally careful to consider problems from many different perspectives.

But even here, there is ambiguity. Some quants understand the Capital Asset Pricing Model deep in their bones but just don’t click with financial accounting. Others are world class mental mathletes and Excel novices. It doesn’t matter if you can see numbers flying around in space. If you’re the only one who can see them, how valuable is your skill?

That’s why the true hallmark of a Quantitative Genius is the ability to explain their work to everybody else — and why the most effective quants can come from the most unexpected backgrounds. When the rest of the team is flummoxed by a finance case, this person’s clear answers, thoughtful explanations, and creative analogies show how seemingly-disparate pieces fit together.

What you can learn from them: This is about more than hard skills like financial modeling, linear programming, or advanced statistics. Your classmates can help you with these, but your professors are bona fide authorities on these subjects.

The Quantitative Genius uses numbers to weave stories. They hold your attention by tightly structuring that story with a beginning, a middle, and a satisfying end. It may be counterintuitive, but the biggest thing you can gain from spending time with a Quantitative Genius is confidence in your ability to relate complex ideas as digestible stories. Once it starts to click, you may realize you had quantitative superpowers all along.

You might not get to Stephen Hawking’s level, but you can at least approach They Might Be Giants.

The Creative Genius

Who they are: This is the most difficult of the five to pin down. “Creativity” itself is nebulous and open to interpretation, especially in the context of business school. It can be difficult to express yourself in an environment with so many opportunities to go wrong — even in situations where ambiguity is expected.

And yet the Creative Genius manages to stand out because they speak, write, and otherwise express themselves with a voice that is unmistakably their own. They propose ideas and answers that are neither safe nor easy. Their ideas don’t always work out in practice. They are loathe to go “by the book.” But when they hit on something, they hit on something big.

What you can learn from them: The Creative Genius was not born with that voice. They developed it over many years — and they likely had help in the process. There are well-worn methods and tricks that help us unlock our creative potential or look at things in a different way. The Creative Genius wants to help you unlock that potential. They can teach you the right questions to ask and when to ask them.

And since creative problem solving is in high demand and low supply, these could be some of the most important questions you ever ask.

The Motivational Genius

Who they are: Why do we believe in people? Why do we follow them? Is it because they’re impossibly smart? Impeccably organized? Charismatic and wonderful to be around? Possessed with creative vision?

I would argue that none of those traits are sufficient to motivate people. In fact, the Motivational Genius doesn’t rely directly on skills; often, they’re not even aware that they are doing anything exceptional. They believe they’re just living their lives, working hard, and doing what they can. And that’s the key.

Being a Motivational Genius is about having strong, authentic values and living those values to their fullest every single day. For many people, this is exhausting. The Motivational Genius accepts the challenge.

What you can learn from them: In keeping with what characterizes them, the best thing you can learn from the Motivational Genius is the power of constantly examining your personal values. Are your decisions internally coherent and aligned with what you want out of your experience? What do you want out of your life?

Spend enough time with the Motivational Genius and these questions will become second nature. You will become a more confident decision-maker. And if you’re truly confident in your decisions, people will pick up on that and respond to it.



I use the word “genius” affectionately, but, with extremely rare exceptions, nobody possesses the unique mental powers this honorific requires. I believe everyone exhibits brilliance in at least one of these categories.

These geniuses exercise their talents so naturally that it’s easy to forget how hard they worked to build their skills. This is the best opportunity you will ever have to pick up these skills in a safe, supportive environment. Use it. Learn from the best. Then pay it forward and share your genius with others.
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Clubs @ Foster: The Consulting Society  [#permalink]

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New post 02 Oct 2016, 22:00
FROM Foster Admissions Blog: Clubs @ Foster: The Consulting Society
Image
As the largest MBA student club on campus, the Foster Consulting Society (FCS) “helps Foster MBA students learn about, prepare for, and secure high quality career opportunities in consulting.” FCS also aims to build the Foster MBA program as a major pipeline of consulting talent on the West Coast. With many students interested in consulting as a post-MBA career, FCS is a crucial piece of Foster’s strategy for producing top consulting talent year after year.

Image
]2 FCS President Anna Bacheller

This year, FCS is led by President Anna Bacheller and Senior Vice President Audrey Almy. Bacheller, a graduate of Whitman College, spent her years before Foster as a strategic lead on client-facing marketing and communications projects at several firms in the Bay Area. Almy, a Pacific Northwest native, received her undergraduate degree from Tufts University and completed two years with Teach For America in Harlem. After that, she then worked for a healthcare technology firm in New York where she focused on client relations and training and development. Image
]3 Senior VP, Audrey Almy

Both Bacheller and Almy came to business school to pursue consulting and both spent the summer interning with Accenture. We sat down with them to hear more about FCS and how it achieves the mission of preparing Foster students for the consulting field.

What kind of events does the Consulting Society put on throughout the year? Consulting Society hosts a large range of events throughout the year to help students learn more about the consulting profession, meet firms and develop connections with consultants in the Seattle area, and prepare for recruiting at consulting firms. If we went through the whole list, it would take up this whole article! But some of our favorites, and by far the most helpful events to prepare for recruiting are the Case Interview Workshops and one-on-one interview prep. Second year students dedicate their time to share their skills and and knowledge with first years in order to make the case interview process less daunting. On the other end of the spectrum, I loved the Winter and Spring Socials last year. These events help students make connections with local consultants and alumni who are valuable people to know when going through the recruiting process at different firms. We will be holding both of these again this year as it’s such a great way for students to make connections with firms in Seattle for the purpose of both internships and full time recruiting.

How does the Consulting Society help students with career development? The Consulting Society provides a great deal of help with recruiting, but also helps students learn about the options that a career in consulting can provide. Formal events in the form of workshops and office hours with second year students help first years learn about the different firms in the area. The informal help given by second year students is also extremely valuable; many students are willing to take their time and share their experiences with recruiting, interviewing, and working as an intern.

Do all members of Consulting Society pursue consulting as a career? What if I am someone who doesn’t yet know what I want to do? Not all members need to pursue consulting as a career! Case interview preparation is so helpful for recruiting at many firms, not just consulting. Also, connecting with alumni is helpful regardless of whether you plan to pursue work at their firm or not – creating a connection with someone may help you learn about a different company or career path that interests you. The social events put on by the Consulting Society are great events to help any Foster student build their network. (And we have great snacks.)

What should first years interested in consulting do between now and when they start business school? Read a book about case interviewing. (A simple Google Search will yield many options, but Mark Cosentino has some winners.) Sit down and write a one paragraph answer about why you want to work in consulting. Being able to explain to people why you want to work in consulting or why you will be good at that job is crucial.
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Clubs @ Foster: Women in Business  [#permalink]

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New post 31 Oct 2016, 02:00
FROM Foster Admissions Blog: Clubs @ Foster: Women in Business
Image

Foster is serious about women MBAs. With women making up 43% of the Class of 2018 (well-above the national average), Foster understands the importance of equipping women to excel in business and providing resources for women MBAs to do just that. These resources include an elective course, “Women at the Top,” which brings in regional business leaders in a forum-style setting; the Foster MBA Mentor program, which includes a large number of women professionals that students can connect with; and the Women in Business (WiB) student club. WiB’s mission is to “nurture the personal and professional development of Foster women MBA students, with a specific focus on growing women into leadership positions and increasing visibility in the community.”

This year, WiB is led by President Alexis Perlmutter. Image
Before attending Foster, Alexis specialized in digital strategy, communications, and strategic planning for two national nonprofits. At Funders Together to End Homelessness, she worked with the Bill & Melinda Gates Foundation, Raikes Foundation, and other national philanthropies to develop communications and public affairs programs to prevent and end homelessness. At the National Immigrant Justice Center, she directed national policy and digital advocacy efforts to reform America’s immigration system. This past summer, she was a product management intern at Amazon.

Her passion for facilitating a broad dialogue about the role of women in leadership positions and the role of unconscious bias in the workplace drew her to the critical work of WiB. We recently sat down with Alexis to hear more about the work WiB is doing in the Foster community.

What activities does WiB host every year?

WiB hosts interactive workshops once per quarter to help students address The Confidence Gap, become better negotiators, and effectively manage diverse teams. We host networking events to connect current students with women leaders in the greater Seattle community. WiB also believes in paying it forward, so we facilitate a mentor program with the Undergraduate Women in Business club to set up future business leaders for success.

What truly sets WiB apart, in my opinion, is that we also play a critical role in supporting the personal development of Foster students. We facilitate small discussion groups to talk about balancing work and life commitments and confronting unconscious bias. We host events for our active group of #He4She members, or male students who want to be better allies for women leaders. And we host informal social gatherings to help students unwind and reboot during the stressful times of business school.

Why is your club so important within Foster environment?

I’ll speak from my own experience: After many years in the nonprofit sector, I was coming to business school to change careers. I was used to working with and for women, and frankly, I took that built-in support system for granted. When I came to Foster, I realized that I was in the minority. I was suddenly working on teams with people who came from very different backgrounds, spoke different languages, and approached team assignments in different ways. I needed to find my voice and I found the most support in WiB. My story is just one of many here at Foster, and WiB actively seeks to empower these diverse voices.

What other resources exists at Foster for women MBAs?

WiB works closely with other diversity clubs at Foster, including Diversity in Business, Out in Business, Jewish Business Society, and Foster Veterans Association. Together, these clubs form the Council on Diversity and Inclusion, a group dedicated to promoting the value and individualization of diversity and to cultivate perspective-taking and respectful dialogue around issues of race, ethnicity, gender, sexual orientation, culture, religion, socioeconomic status, and physical abilities.

Image
Foster students, alumni, and the MBA Admissions team at the June 2016 Forté MBA Women’s Conference

In addition, WiB is fortunate to share its mission with many organizations in Seattle and nationwide, including the National Association of Women MBAs (NAWMBA) and Lean In Seattle. We are especially grateful to have been named a Forte Foundation partner school this year. Many women in the incoming full-time class have received scholarships to be at Foster, and one student even secured an internship before school started because of connections she made at the Forte Foundation’s annual conference! These partnerships help us put words into action. https://depts.washington.edu/mbablog/wp-content/uploads/2016/10/WiB_Forte.jpghttps://depts.washington.edu/mbablog/wp-content/uploads/2016/10/WiB_Forte.jpg

To learn more about the work that WiB is doing in the Foster community, check out their website here.
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Clubs @ Foster: The Consulting Society  [#permalink]

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New post 06 Jan 2017, 12:00
FROM Foster Admissions Blog: Clubs @ Foster: The Consulting Society
Image
As the largest MBA student club on campus, the Foster Consulting Society (FCS) “helps Foster MBA students learn about, prepare for, and secure high quality career opportunities in consulting.” FCS also aims to build the Foster MBA program as a major pipeline of consulting talent on the West Coast. With many students interested in consulting as a post-MBA career, FCS is a crucial piece of Foster’s strategy for producing top consulting talent year after year.

Image
]2 FCS President Anna Bacheller

This year, FCS is led by President Anna Bacheller and Senior Vice President Audrey Almy. Bacheller, a graduate of Whitman College, spent her years before Foster as a strategic lead on client-facing marketing and communications projects at several firms in the Bay Area. Almy, a Pacific Northwest native, received her undergraduate degree from Tufts University and completed two years with Teach For America in Harlem. After that, she then worked for a healthcare technology firm in New York where she focused on client relations and training and development. Image
]3 Senior VP, Audrey Almy

Both Bacheller and Almy came to business school to pursue consulting and both spent the summer interning with Accenture. We sat down with them to hear more about FCS and how it achieves the mission of preparing Foster students for the consulting field.

What kind of events does the Consulting Society put on throughout the year? Consulting Society hosts a large range of events throughout the year to help students learn more about the consulting profession, meet firms and develop connections with consultants in the Seattle area, and prepare for recruiting at consulting firms. If we went through the whole list, it would take up this whole article! But some of our favorites, and by far the most helpful events to prepare for recruiting are the Case Interview Workshops and one-on-one interview prep. Second year students dedicate their time to share their skills and and knowledge with first years in order to make the case interview process less daunting. On the other end of the spectrum, I loved the Winter and Spring Socials last year. These events help students make connections with local consultants and alumni who are valuable people to know when going through the recruiting process at different firms. We will be holding both of these again this year as it’s such a great way for students to make connections with firms in Seattle for the purpose of both internships and full time recruiting.

How does the Consulting Society help students with career development? The Consulting Society provides a great deal of help with recruiting, but also helps students learn about the options that a career in consulting can provide. Formal events in the form of workshops and office hours with second year students help first years learn about the different firms in the area. The informal help given by second year students is also extremely valuable; many students are willing to take their time and share their experiences with recruiting, interviewing, and working as an intern.

Do all members of Consulting Society pursue consulting as a career? What if I am someone who doesn’t yet know what I want to do? Not all members need to pursue consulting as a career! Case interview preparation is so helpful for recruiting at many firms, not just consulting. Also, connecting with alumni is helpful regardless of whether you plan to pursue work at their firm or not – creating a connection with someone may help you learn about a different company or career path that interests you. The social events put on by the Consulting Society are great events to help any Foster student build their network. (And we have great snacks.)

What should first years interested in consulting do between now and when they start business school? Read a book about case interviewing. (A simple Google Search will yield many options, but Mark Cosentino has some winners.) Sit down and write a one paragraph answer about why you want to work in consulting. Being able to explain to people why you want to work in consulting or why you will be good at that job is crucial.

The post Clubs @ Foster: The Consulting Society appeared first on Foster Blog.
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Clubs @ Foster: Women in Business  [#permalink]

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New post 06 Jan 2017, 12:00
FROM Foster Admissions Blog: Clubs @ Foster: Women in Business
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Foster is serious about women MBAs. With women making up 43% of the Class of 2018 (well-above the national average), Foster understands the importance of equipping women to excel in business and providing resources for women MBAs to do just that. These resources include an elective course, “Women at the Top,” which brings in regional business leaders in a forum-style setting; the Foster MBA Mentor program, which includes a large number of women professionals that students can connect with; and the Women in Business (WiB) student club. WiB’s mission is to “nurture the personal and professional development of Foster women MBA students, with a specific focus on growing women into leadership positions and increasing visibility in the community.”

This year, WiB is led by President Alexis Perlmutter. Image
Before attending Foster, Alexis specialized in digital strategy, communications, and strategic planning for two national nonprofits. At Funders Together to End Homelessness, she worked with the Bill & Melinda Gates Foundation, Raikes Foundation, and other national philanthropies to develop communications and public affairs programs to prevent and end homelessness. At the National Immigrant Justice Center, she directed national policy and digital advocacy efforts to reform America’s immigration system. This past summer, she was a product management intern at Amazon.

Her passion for facilitating a broad dialogue about the role of women in leadership positions and the role of unconscious bias in the workplace drew her to the critical work of WiB. We recently sat down with Alexis to hear more about the work WiB is doing in the Foster community.

What activities does WiB host every year?

WiB hosts interactive workshops once per quarter to help students address The Confidence Gap, become better negotiators, and effectively manage diverse teams. We host networking events to connect current students with women leaders in the greater Seattle community. WiB also believes in paying it forward, so we facilitate a mentor program with the Undergraduate Women in Business club to set up future business leaders for success.

What truly sets WiB apart, in my opinion, is that we also play a critical role in supporting the personal development of Foster students. We facilitate small discussion groups to talk about balancing work and life commitments and confronting unconscious bias. We host events for our active group of #He4She members, or male students who want to be better allies for women leaders. And we host informal social gatherings to help students unwind and reboot during the stressful times of business school.

Why is your club so important within Foster environment?

I’ll speak from my own experience: After many years in the nonprofit sector, I was coming to business school to change careers. I was used to working with and for women, and frankly, I took that built-in support system for granted. When I came to Foster, I realized that I was in the minority. I was suddenly working on teams with people who came from very different backgrounds, spoke different languages, and approached team assignments in different ways. I needed to find my voice and I found the most support in WiB. My story is just one of many here at Foster, and WiB actively seeks to empower these diverse voices.

What other resources exists at Foster for women MBAs?

WiB works closely with other diversity clubs at Foster, including Diversity in Business, Out in Business, Jewish Business Society, and Foster Veterans Association. Together, these clubs form the Council on Diversity and Inclusion, a group dedicated to promoting the value and individualization of diversity and to cultivate perspective-taking and respectful dialogue around issues of race, ethnicity, gender, sexual orientation, culture, religion, socioeconomic status, and physical abilities.

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Foster students, alumni, and the MBA Admissions team at the June 2016 Forté MBA Women’s Conference

In addition, WiB is fortunate to share its mission with many organizations in Seattle and nationwide, including the National Association of Women MBAs (NAWMBA) and Lean In Seattle. We are especially grateful to have been named a Forte Foundation partner school this year. Many women in the incoming full-time class have received scholarships to be at Foster, and one student even secured an internship before school started because of connections she made at the Forte Foundation’s annual conference! These partnerships help us put words into action. http://depts.washington.edu/foster/wp-content/uploads/mbablog/2016/10/WiB_Forte.jpghttp://depts.washington.edu/foster/wp-content/uploads/mbablog/2016/10/WiB_Forte.jpg

To learn more about the work that WiB is doing in the Foster community, check out their website here.

The post Clubs @ Foster: Women in Business appeared first on Foster Blog.
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Foster MBAs Mix it Up with the Forté Foundation  [#permalink]

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New post 13 Jan 2017, 17:00
FROM Foster Admissions Blog: Foster MBAs Mix it Up with the Forté Foundation
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About the author: Jessica Raasch is an MBA candidate in Foster’s full-time class of 2018. She is passionate about improving the ways in which businesses identify and develop future leaders, an interest she discovered during her pre-MBA career in finance and accounting. At Foster, Jessica is proud to represent the first-year class on the board of Women in Business and she serves as a mentor to students in the Undergraduate Women in Business Club. She is also a Forté Fellow and a Dean’s Merit Scholar.

On December 7, I joined several women from Foster at Forté Mix It Up: Seattle. About 30 MBA women gathered at the event to network with other students and alumnae from Forté Foundation sponsor schools. While the mixer was a week before finals, I’m glad I made time to squeeze one more event into the fall quarter.

Arrion Rathsack, Forté’s Associate Director of Student and Alumnae Relations, gave a brief keynote address. She spoke about the work Forté does to advance women into meaningful business careers. She also revealed that Amazon will host the next annual Forté MBA Women’s Leadership Conference right here in Seattle.

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Jessica Raasch, Full-time MBA Class of 2018

So… what is the Forté Foundation?

It’s a non-profit consortium of companies and business schools, working together to launch women into fulfilling, significant careers. The Forté Foundation aims to enhance women’s access to business education and career opportunities, and to create a community of successful women.

Forté admits a small selection of Sponsor Schools who pass a rigorous application process. Foster became a Forté Sponsor School in the spring of 2016. All current Foster students are now eligible to join the Forté Foundation for free while enrolled at Foster. By joining Forté, students can access a rich curriculum of events and webinars, a host of career resources, and a robust network of companies and business leaders.

…and what’s next?

If you’re not familiar with the Forté Foundation, visit their website to learn more. Also, if you’re a current Foster student, I encourage you to sign up for your free membership now. In my role as a first-year representative to Women in Business, I’ll be working hard this year to bring Forté’s resources to the women of Foster and to integrate Forté’s curriculum into WiB’s programming.

Also, you may have heard that Foster awarded Forté Fellowships to 12 women from the full-time class of 2018. Looking forward, we’ll be presenting a series of blog posts to introduce each of the women from the inaugural class of Forté Fellows. Additionally, we’ll highlight some of the work they’re doing as representatives of Foster in the Forté Foundation. Stay tuned!

Originally posted on the Foster MBAA Women In Business Blog on January 2, 2017.

The post Foster MBAs Mix it Up with the Forté Foundation appeared first on Foster Blog.
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Meet the Full-time MBA Class of 2018  [#permalink]

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New post 17 Jan 2017, 14:00
FROM Foster Admissions Blog: Meet the Full-time MBA Class of 2018
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Foster Full-time MBA Class of 2018

In September, 125 students from around the globe arrived at Paccar Hall, eager to jump right into their Foster MBA experience. Kicking off the program in the most Seattle-way possible, the new Foster MBAs were treated to a sunset dinner cruise around Lake Washington and Lake Union. Overlooking views of the Space Needle and Mt. Rainier, the homes of Seattle-business pioneers such as Gates, Bezos and Shultz provided an appropriate backdrop for this cohort of future business leaders.

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Members of the Class of 2018 mingle with their new classmates on the Welcome Cruise

 

After their Welcome Cruise, the ‘18ers got straight to work. PRIME orientation allowed students to meet with academic advisors, network at club-sponsored happy hours, attend various student panels, and connect with faculty. Following this, JUMPSTART gave students a chance to brush up on the basics of accounting, finance, math, and statistics in all-day workshops with Foster faculty. Then the students began the first part of Foster’s Leadership Development course (LEAD), a three-day intensive course focused on developing individual leadership potential. On September 26, the rest of the university returned to classes, and the students began the quarter in earnest with the first set of the Foster required curriculum courses: Finance, Microeconomics, Accounting, and Marketing.Image

By the end of the Autumn quarter in December, the class had earned their stripes. Between club activities, case competitions, firm happy hours, career prep, networking, and of course, studying, members of the Class of 2018 had rolled up their sleeves, jumped right in, and made their Foster experience an active, dynamic one.

 

Here’s some fast facts about the 2018ers:

  • Entering class size: 125
  • Average age: 29
  • Average work experience: 5.97 years
  • Women: 43%
  • International citizenship: 39%Image
  • GMAT average: 691
  • GMAT middle 80%: 636-730
  • Average GPA: 3.38
 

 

 

 

We asked around, and here’s what a few members of the Class of 2018 had to say about why they chose Foster:

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“Foster’s potential was what attracted me as it has great exposure to well-known companies locally, nationally and globally. Also, the program was well structured to provide guidance for the MBA students looking to switch careers.”

 – Min Kim, Las Vegas, Nevada

 

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“I love that Foster is at the heart of innovation in a city that is radically transforming the economic landscape of business. The small size of the program is an amazing opportunity to be a significant part of Foster’s impact on the business world. I’m extremely excited to be a part of that.”

– Dan Gardner, Washington D.C.



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“The program delivers everything that I wanted out of an MBA: an emphasis on experiential learning and leadership development; a strategic location in Seattle backed by strong alumni network in this area;  a collaborative culture with a small class that allows for focused attention from career management and opportunities to work with other classmates. Also, when I visited the school last year, every student I talked to felt really passionate and happy about being here, and I wanted to be part of that group.”

 – Bhagath Ganga, Hyderabad, India

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“My major attraction to Foster was the right balance of academic rigor and hands-on opportunities for leadership development. The rigorous core curriculum coupled with the customizable 2nd year curriculum, provided me an opportunity to hone my technical skills and the option of exploring more than one area of Business for my MBA concentration.

Also, the strong career management team which provides extensive support to candidates through a career coaching and mentoring program, gave me the confidence that my potential in business school would be translated to a thriving career post-MBA. These in addition to opportunities to learn by doing through the consulting programs, Board Fellowships and other experiential learning programs, provided me the perfect mix I need to realize my short and long term career goals.”

– Oluyinka Awobiyi, Lagos, Nigeria

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“I had, of course, a small list of non-negotiables: strong marketing pipeline, focus on collaboration, west coast, flexible academic program. While I was only considering schools that met those criteria, what sold me on Foster was (1) experiencing the warm culture of the students, staff, and Alumni, (2) understanding the benefits of being in a small, more personable program, and (3) Fosters willingness to take a strong stand about the kind of business leaders they recruit and develop (collaborative, internationally-minded, and genuine).”

– Laurel Laidlaw, Newport Beach, California

 

The post Meet the Full-time MBA Class of 2018 appeared first on Foster Blog.
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David Bonderman of TPG Capital Shares Advice and Experiences with Fost  [#permalink]

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New post 14 Feb 2017, 10:00
FROM Foster Admissions Blog: David Bonderman of TPG Capital Shares Advice and Experiences with Foster MBA Finance Society
On February 26, theFoster Finance Society welcomed distinguished University of Washington alumnus David Bonderman, Chairman and Founding Partner at TPG Capital, back to campus to share his thoughts on private equity, and the broader business climate as part of the Finance Society’s Boardroom Speaker Series. The event was joined by student members of the Foster Finance Society, Dean Jim Jiambalvo, and Foster faculty.

Mr. Bonderman began with a brief introduction of his background, including a discussion of his earlier career as a litigator in Washington, DC and an account of how he got started in investing as COO of the Robert M. Bass Group (RMBG).  Afterward, he dedicated more than an hour to student questions about investing, his background, the economy, and his thoughts on future careers in finance.

On investing, Mr. Bonderman noted that generations of low interest rates have made it difficult for the public equity and bond markets to deliver satisfactory returns, while private equity has benefitted from these lower borrowing rates.  Additionally, in his view, hedge funds have recently been uncovered as less uncorrelated on the downside than previously believed, but passive investing is no panacea either – its popularity will likely wane in a down market, whenever that day arrives.

When asked about his most memorable transaction, Mr. Bonderman talked about the post-bankruptcy acquisition of Continental Airlines in the 1990s.  Not only did this deal, in his words, “put [TPG] on the map,” it taught him and his partners how to make money in an industry Warren Buffet once called “a death trap for investors.”  Mr. Bonderman is now the Chairman of the Board at RyanAir, one of the most profitable airlines in the world, and happily noted that it looks like Mr. Buffett “is finally coming around to my side,” referencing Berkshire Hathaway’s recent large investment in the industry.

Mr. Bonderman also highlighted his continued bullish view on the healthcare and technology sectors.  In particular, his position on the boards of Uber and AirBnb prompted him to highlight how well the two companies, and their peers, are run by corporate leadership not much older than the MBAs in the audience.

As the evening came to a close, Mr. Bonderman left the Finance Society with one last piece of advice: “Don’t focus on how to break into the private equity industry or anything others tell you to pursue. Pursue something that you are truly passionate about doing and are truly good at doing.”  With many Foster MBAs heading into or out of interviews with top firms that very week, his advice was no doubt well timed.

 

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David Bonderman (center-right) photographed with student members of the Foster Finance Society.

 

David Bonderman is a University of Washington and Harvard Law graduate and is Chairman and founding partner of TPG Capital, one of the largest and most successful private equity firms in the world.  In addition to his Chairmanship at TPG, Mr. Bonderman serves as Chairman of the Board at RyanAir and is on the board of directors at several other multi-billion dollar corporations, including AirBnb and Uber.

The Foster Finance Society is a student-run organization focused on developing the skillsets and networks of Foster students interested in finance through guest speakers, career preparation, and alumni events.  The Society’s Boardroom Speaker Series hosts distinguished leaders from the Seattle and broader West Coast finance communities to share their insights on areas such as private equity, banking, asset management, and corporate finance, among others.

 

The post David Bonderman of TPG Capital Shares Advice and Experiences with Foster MBA Finance Society appeared first on Foster Blog.
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Foster MBAs Gain Hands-On Experience at Intel  [#permalink]

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New post 21 Feb 2017, 00:00
FROM Foster Admissions Blog: Foster MBAs Gain Hands-On Experience at Intel
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Foster MBAs after completing their final presentation with Intel

About the author: Jeff Olden is a second year MBA student concentrating in finance and strategy.  Prior to the MBA program he worked as an engineering consultant specializing in energy analysis.  Outside of work he loves skiing, running, hiking, golfing, and fly-fishing.

Like my fellow classmates, I came into the MBA program with a foundation of great work experience and excitement to take my career in a new direction.  I was an engineer in my prior life; I had enjoyed it, but I pursued the MBA because I wanted to gain a broader understanding of how businesses make decisions.  The classes I took in my first quarter started building the knowledge I needed for my new career, but the applied strategy project in my second quarter was when I received my first opportunity to gain real, hands-on experience.

At Foster, all full-time MBA students complete an applied strategy consulting project during their first year.  The projects are a great opportunity to work on a real business case for one of the world-class organizations connected to Foster.  There were projects with notable companies such as Boeing, Amazon, Microsoft, Google, Expedia, Providence Health, and Intel.  Those interested in non-profits also had excellent opportunities to work with organizations promoting STEM education in minorities and helping empower lives through job-training.  I was interested in pursuing a career in the technology sector, so I chose to work on a project for Intel.

The project I selected involved market research, market sizing, and segment recommendations for Intel’s High Performance Computing division – computers being used for computationally intensive and big-data applications.  We were tasked with identifying industry trends for big-data use-cases and determining the product-market fit for an offering Intel was considering developing.  The project was very broad and ambiguous; it was exciting to be working on a real business case.

The team we had access to at Intel was phenomenal.  To give you an idea, our project sponsor and primary client was new to Intel, but she was a former McKinsey consultant with a PhD in Computer Engineering and over ten years of experience at the Director level within Microsoft.  Her PhD dissertation had been on Neural Networks long before most of us had even heard of the term.  Needless to say, we were working with some of the best minds in high performance computing.

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Jeff Olden, Foster MBA Class of 2017

We dug into the project and soon learned that we had a very steep learning curve ahead of us and little time to complete our project.  It was a true consulting project.  We needed to come together quickly and leverage our combined strengths.  One person on the team had a background in electrical engineering and was able to help us understand some of the basic terminology such as “software stack.”  Another person had a background in finance and was more familiar with market sizing terms such as “Total Addressable Market (TAM)”, “Serviceable Available Market (SAM)”, and “Share of Market (SOM).”  We also had team members with experience in health care administration, automotive, and engineering modeling; all of which were high-potential markets for the conceptualized product.  The result was a team with many diverse experiences and a great combination of strengths.  We just needed to figure out how bring it all together.

Fortunately, a few of us had also worked as consultants in the past and we received additional training from Foster Alums that were now consultants with Price Waterhouse Cooper (PwC).  We took care to define an appropriate scope, started identifying key criteria for success, developed hypotheses, and dove into the available market reports.  It sounds cliché, but adding structure to the project really helped us define our direction and enabled us to move forward quickly as a team.

We continued to charge through our market research, encountering some minor challenges along the way, but that was to be expected.  We ultimately put together a presentation that provided the market size, product-market fit, and general trends for six potential markets.  This was quite a feat to have accomplished in just a few short weeks having started with limited background knowledge.

Presenting our final results to a group of 20 Intel employees was fun and exciting.  We had developed a formal power point presentation, but we were interrupted with a question within the first minute of our one-hour presentation and the presentation became highly conversational – we had previously been warned this was typical of Intel presentations.  We spent the entire hour on our toes, constantly answering polite but challenging questions.  I’d be lying if I didn’t say it was also just a little stressful.  No pain, no gain – right?

In the end, the entire project was a great experience.  We learned how to create structure to solve an ambiguous problem (a rite of passage for every MBA student) and gained experience on a real business problem.  These experiences were an invaluable asset when it came time to begin interviewing for internships and later when it was time to begin my summer internship, which happened to be as a Sr. Financial Analyst Intern back at Intel Corporation.

The post Foster MBAs Gain Hands-On Experience at Intel appeared first on Foster Blog.
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These MBA Students Turned Down Top 10 Programs to Come to Foster  [#permalink]

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New post 14 May 2017, 22:00
FROM Foster Admissions Blog: These MBA Students Turned Down Top 10 Programs to Come to Foster
Choosing to get your MBA is a tough decision. Choosing where to enroll is often even more challenging.

Foster’s spot has been climbing steadily in recent years, as its graduates enjoy strong job placement rates and high starting salaries. Nevertheless, it hasn’t commanded placement in the top 10.

Many Foster students boast the necessary backgrounds and aptitude to land offers from these schools, but still choose to come to Foster. Pallavi Sharma and Jonathan Ng (both members of the full-time class of 2018) are two such students.

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Pallavi Sharma, Foster Full-Time MBA Class of 2018

Pallavi Sharma

Why did you choose Foster?

It was a difficult decision. In addition to Foster, I was admitted to a top school on the East Coast. Depending on who is doing the rankings, it’s usually in the top five, and often in the top three. However, there were a few factors that really swayed my decision.

First, I knew that I wanted to work in technology, and I wanted to live and work on the West Coast. At the other school, I knew I would have opportunities to visit west coast companies on treks and for recruiting, but I thought, “Why do I want to travel? Why not just be here?”

Foster’s location in Seattle was a big draw, and it’s been a big strength since I’ve been here. You can network here; you can work on live projects with major tech companies. Seattle is the city of cloud computing — the city of AR and VR. In some respects, the Seattle ecosystem surpasses the Bay Area. It’s a really well-positioned city and very welcoming.

Second, the people. I visited both schools, and I found that the students at Foster were more focused and more mature. At the other school, there was a definite party vibe. I’m having fun here, but I wanted a rigorous experience with teammates that were dedicated to learning the material.

Finally, there were financial considerations. Here I can graduate without a loan, which would not have been possible at the other school, yet I probably would’ve taken the same job at the same salary.

Are you happy with your decision?

Absolutely.

This summer, I’m doing my internship at Microsoft. I also had offers from Amazon and a venture capital firm. Those are probably the same opportunities I would’ve pursued had I gone to that other school. My mentor this year was the CFO of Amazon retail — that was an amazing experience. The people here are great, and Seattle has more to offer lifestyle wise.

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Jonathan Ng, Foster Full-Time MBA Class of 2018

Jonathan Ng
Why did you choose Foster?

Really, it was a mix of both practical and emotional factors.

Practically speaking, it came down to location of the school, the companies that were located nearby, and the employment report. Although the other schools I had offers from in the Midwest and West Coast were ranked in the top 10, they actually had worse statistics in terms of full-time job offers and income. Getting an MBA is great, but it’s expensive, so I needed a solid return.

I did my research into Foster, and found that all the faculty members had great reputations or had previously taught at Ivy League schools, but the tuition was only half as much. And Seattle is located near almost every major tech company in the world.

Emotionally, I was a University of Washington undergraduate, and during that time, I really fell in love with the school and the city of Seattle. There’s just so many things to do here; there’s a great variety of restaurants. People here are really cosmopolitan — really welcoming of other cultures, which is especially important for me as an international student.

Are you happy with your decision?

Of course.

The other schools I was admitted to have huge classes. I really love the small program size here because I can actually connect and form meaningful relationships with my classmates. Seattle is becoming the next Silicon Valley — Amazon has big ambitions for hiring, and so many Bay Area companies are setting up offices here.

I accepted an offer to work for Amazon this summer as a PM intern. It’s the same internship I would’ve recruited for had I gone to either of those other schools. So I don’t think anything would’ve been different on that front, but I wouldn’t have had access to all the great experiences Seattle has to offer if I hadn’t come to Foster.

The post These MBA Students Turned Down Top 10 Programs to Come to Foster appeared first on Foster Blog.
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These MBA Students Turned Down Top 10 Programs to Come to Foster   [#permalink] 14 May 2017, 22:00

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