Thaler's road to the Nobel: a multimedia essay (by Rachael Nass, Class of 2021)

For many years, the newest Nobel Laureate in Economics, Richard Thaler, was considered a heretic by other economists. As Roger Lowenstein wrote in The New York Times in 2001, “Thaler's own thesis adviser lamented that he had wasted a promising career on trivialities like cashews.” Today we glimpse into the passions and people that made Thaler both an economic reject and winner of the most prestigious award in the field.

Thaler pictured with long-time friend and fellow Nobel prize winner, Daniel Kahneman. When asked to describe Thaler in an interview (again with Roger Lowenstein), Kahneman replied, “The best thing about Thaler, what really makes him special, is that he is lazy,” to which he meant Thaler only works on projects that are intriguing enough to warrant effort. Thaler later reiterated this quote in the his book Misbehaving: The Making of Behavioral Economics. Source: www.edge.org

Thaler pictured with long-time friend and fellow Nobel prize winner, Daniel Kahneman. When asked to describe Thaler in an interview (again with Roger Lowenstein), Kahneman replied, “The best thing about Thaler, what really makes him special, is that he is lazy,” to which he meant Thaler only works on projects that are intriguing enough to warrant effort. Thaler later reiterated this quote in the his book Misbehaving: The Making of Behavioral Economics. Source: www.edge.org

Left: Thaler and co-author and long-time friend, Cass Sunstein, discuss Nudge, at their favorite lunch spot where the book was born, Noodles Etc. in Hyde Park. Right: Sunstein, Thaler, and Kahneman at an event in honor of Thaler in 2015. Source: @CassSunstein (Right)

Left: Thaler and co-author and long-time friend, Cass Sunstein, discuss Nudge, at their favorite lunch spot where the book was born, Noodles Etc. in Hyde Park. Right: Sunstein, Thaler, and Kahneman at an event in honor of Thaler in 2015. Source: @CassSunstein (Right)

Richard Thaler and Cass Sunstein reminisce at their favorite Hyde Park lunch spot, Noodles, where they say they did some of their best work on the book.

Left: Thaler cringes about the fact that lights at the Booth London campus are switched on by counterintuitively pressing down not up. Right: Thaler poses with doors in Booth’s London campus that have pull bars on both sides of the door, causing people to pull on the push side. Thaler was a big advocate of adding signs that note whether to push or pull above the handles, a “real world” application of his mantra, “Make It Easy!” Source: Linnea Gandhi.

Left: Thaler cringes about the fact that lights at the Booth London campus are switched on by counterintuitively pressing down not up. Right: Thaler poses with doors in Booth’s London campus that have pull bars on both sides of the door, causing people to pull on the push side. Thaler was a big advocate of adding signs that note whether to push or pull above the handles, a “real world” application of his mantra, “Make It Easy!” Source: Linnea Gandhi.

A big sports fan, Thaler has studied the irrational (“Non-Econ”) behavior in baseball, basketball, soccer, and football. On the left, he’s pictured with psychologist Thomas Gilovich at a Yankees game. On the right, the top ten reasons not to take his Managerial Decision Making class, presented to his Executive MBA students, including “Sports spoken here.” Sources: Unknown (right) and Linnea Gandhi (left).

A big sports fan, Thaler has studied the irrational (“Non-Econ”) behavior in baseball, basketball, soccer, and football. On the left, he’s pictured with psychologist Thomas Gilovich at a Yankees game. On the right, the top ten reasons not to take his Managerial Decision Making class, presented to his Executive MBA students, including “Sports spoken here.” Sources: Unknown (right) and Linnea Gandhi (left).

Left: Thaler and Professor Mike Gibbs battle in class over traditional economics vs behavioral economics. Right: Thaler and fellow Nobel prize winner Eugene Fama continue to debate, but with great respect for one another, and many debates take place on the golf course. Thaler has discussed in interviews that, despite shaking up the field, he still believes traditional economics provides a useful normative perspective. Sources: Linnea Gandhi (left) and Chicago Booth Review (right)

Left: Thaler and Professor Mike Gibbs battle in class over traditional economics vs behavioral economics. Right: Thaler and fellow Nobel prize winner Eugene Fama continue to debate, but with great respect for one another, and many debates take place on the golf course. Thaler has discussed in interviews that, despite shaking up the field, he still believes traditional economics provides a useful normative perspective. Sources: Linnea Gandhi (left) and Chicago Booth Review (right)

Thaler and wife France Leclerc discuss which shirt he should wear to interviews following his Nobel Prize win. Leclerc is an international photographer and former professor of marketing. Source: University of Chicago, Anne Ryan

Thaler and wife France Leclerc discuss which shirt he should wear to interviews following his Nobel Prize win. Leclerc is an international photographer and former professor of marketing. Source: University of Chicago, Anne Ryan

Thaler acted alongside Selena Gomez in the 2015 film “The Big Short.” Thaler tossed out the lines written by director and screenwriter Adam McKay and rewrote them the day before filming. Naturally, they included sports. Sources: original source unknown (left); The Big Short (right)

Thaler acted alongside Selena Gomez in the 2015 film “The Big Short.” Thaler tossed out the lines written by director and screenwriter Adam McKay and rewrote them the day before filming. Naturally, they included sports. Sources: original source unknown (left); The Big Short (right)

Thaler poses with his books The Winner’s Curse (1993), Nudge (2008), and Misbehaving (2015). Source: The University of Chicago

Thaler poses with his books The Winner’s Curse (1993), Nudge (2008), and Misbehaving (2015). Source: The University of Chicago

Caricature from an interview with Liam Halligan for The Spectator, which should really be an emoji. (Can someone work on making that happen?) Source: spectator.co.uk

Caricature from an interview with Liam Halligan for The Spectator, which should really be an emoji. (Can someone work on making that happen?) Source: spectator.co.uk

Thaler poses with students at the end of his EMBA Managerial Decision Making course. As observed by Adjunct Assistant Professor and teaching assistant to his MDM course, Linnea Gandhi, “He changes people's lives in remarkable ways. For example, his rules for good decision making are hilarious, but people actually write him years (even decades) later to say they've applied them to their marriage, job, kids, etc.” Photo credit: Jason Hu.

Thaler poses with students at the end of his EMBA Managerial Decision Making course. As observed by Adjunct Assistant Professor and teaching assistant to his MDM course, Linnea Gandhi, “He changes people's lives in remarkable ways. For example, his rules for good decision making are hilarious, but people actually write him years (even decades) later to say they've applied them to their marriage, job, kids, etc.” Photo credit: Jason Hu.

A HUGE thank you to Linnea Gandhi, Adjunct Assistant Professor and Managing Partner at BehavioralSight, for the suggestions, assistance, and anecdotes she provided for this article.

IRL: A big "thank you" for Thaler

Catherine Napier, Class of 2018

Catherine Napier, Class of 2018

In real life, my professor won a Nobel Prize.

It was a surreal experience. I was so excited, you would have thought I won a Nobel Prize (I am obviously not on the Committee’s radar – I am still trying to figure out the income and substitution effects in Hurst’s supplemental notes. Wish me luck this quarter).

Our class was not even sure if we would have class. Of course, we would have understood if Professor Thaler wanted the night off to celebrate his Nobel Prize. Nonetheless, we received an email that “class would still go on.”

As Professor Thaler walked in to our Choice Architecture in Practice class, our fellow professors Linnea Gandhi, Rachelle Martino, and Yiwei Zhang created a slideshow of his career to the tune of Queen’s “We Are the Champions”. They shared cake with the class (with the iconic Nudge symbol) and toasted his accomplishments with champagne and cashews (a Thaler favorite). The slideshow included photos of Thaler and “Danny” (as Thaler calls Daniel Kahneman, a fellow Nobel laureate), and Thaler and Selena Gomez (who both starred in a scene together in “The Big Short”).

If it weren’t for Queen and the champagne (Selena has come up before), you almost wouldn’t have known Professor Thaler had won a Nobel Prize. Our presentations went on, we heard feedback from a Nobel Prize winner, but the excitement in the room was clear (as one student aptly posted on Facebook: “Champagne. Cake. And a Nobel. #whybooth”).

In addition to our class, the entire Booth community felt a part of Thaler’s win. That is both a testament to the University of Chicago and to Professor Thaler. A big thank you to him for making behavioral economics relatable, for helping millions save for retirement, for celebrating his win with a packed Harper Center, and for showing up to class last Monday night.

In real life, my professor won a Nobel Prize, and on the same day he won that Nobel Prize, he came to class to teach. In real life, the University of Chicago is the most special university there is.

An Ode to On-Campus Recruiting

Klariza Alvaran, Class of 2018

Klariza Alvaran, Class of 2018

Among those of us part-time students going through on-campus recruiting (and for whom this past Saturday’s “OCR is Not for Me” event may have felt especially appealing these days), campus interviews are well under way.

All the effort of spending your summer scheduling informational interviews that filled nearly every free 30-minute window on your calendar—maybe with cryptic event names so your manager wouldn’t get suspicious, constantly checking your Google Alerts and Twitter right up until the last possible moment to peruse any news on your target companies, and powering through hundreds of case and behavioral interview questions with your classmates (how about another mini-case during the mid-class break?), you show up to the second floor of Harper Center in the suit you should have gotten dry-cleaned 3 uses ago and everything is seemingly on the line.

Because of these interviews—the dreaded (and, at times, highly anticipated) moments of truth, you perhaps have neglected any of or all the following: an adequate amount of sleep, proper hygiene, some homework, some of your actual work, your family, your friends, your significant other, your pet, and maybe the odd bill.

Alas, it will all be worthwhile once you sign on for that package of a $300,000 salary, $100,000 signing bonus, and the 35 vacation days you negotiated so passionately for.

Nevertheless, the glimmer of the end goal that we Evening/Weekend OCR participants are chasing can overshadow the numerous successes that we have accomplished to this point, such as:

  • Finishing at least 12 classes by the end of summer quarter 2017—that’s 60 percent of the non-LEAD coursework required for a degree!
  • Keeping up with all the deadlines that popped up over the summer, during which GTS became your best friend (up until the layout change, then you had to start all over again)
  • Responding to the accountability survey, for those who opted in, and acting on the kick in the butt you got to remind you to get moving when it became clear from the survey questions that you were a little behind
  • Landing interviews, which indicate that you did, in fact, do the due diligence necessary to get past initial resume screening and get yourself in front of people further down the pipeline of making hiring decisions—congrats!

Now, we find ourselves heading into the midway point of week four this quarter (although you may feel a lot further into the quarter if you are recruiting into consulting and have been packing on the Coffee Chats since early September). It might have become just a little more salient to you that your days in business school are numbered—after all, you only have as many as eight classes to go or as few as the one last that you are wrapping up this very quarter.

Further, as OCR participants, we must not only concentrate on (and celebrate, as appropriate) our successes in the job hunt. We should also make time to maximize the finite time we have left in the broader pursuit of our MBA degrees—the core reason why we are here at Booth.

Whether you have a little more than six weeks or more than six months left at Booth, take advantage of the experiences you can only have as a student here, now. Go to the next TAC, keep your schedule open in January/February for the Winter Formal, organize a reunion happy hour for your LAUNCH group—have fun.

Healthcare: How Is This Still A Debate?

Al Abedi, Class of 2021

Al Abedi, Class of 2021

There’s nothing like a flight back to the U.S. from a fortnight-long sojourn to Europe to make you think. In a pressurized aluminum tube 39,000 feet in the air, I ended my self-imposed vacation-long break from Twitter to view breathless commentary on the then proposed and now dead Graham-Cassidy bill. My European sensibilities strengthened from time in London and Madrid, I began to wonder: what kind of civilized, wealthy nation cannot guarantee access to healthcare for all of its citizens? How is this still a debate? How is it that every other developed nation understands that it is a truth universally acknowledged that a single country in possession of good fortune must provide healthcare for its people?

Part of the issue in this debate has been the GOP’s guiding principle of letting free markets provision resources and determine outcomes. While a free market approach works in many instances - spoiler alert - sometimes market failure occurs. Free market incentives and a lack of consumer buying power in healthcare reward treatment more than prevention leading to outrageously high costs. For example, the Epi-Pen costs $600 in the U.S. compared to $69 in the UK. The GOP correctly recognizes that government intervention can be an appropriate solution to market failure in the case of defense but does not extend this logic to healthcare. Maybe this is because there was no universal coverage in Atlas Shrugged. Maybe this is because they dare not oppose the will of Charles and David Koch.

Either way, it's difficult to argue that universal coverage undermines the free market orientation of an economy. Not convinced? Ask The Heritage Foundation - the leading conservative think tank in Washington - whose annual Index of Economic Freedom ranks countries based on freedom from regulation and free market emphasis. In the 2017 edition, the U.S. placed seventeenth. One thing that every country that was ranked higher than the U.S. had in common: some form of universal healthcare.

There is no shortage of other, more effective approaches to learn from. Universal coverage need not entail a complete government takeover of healthcare. Find the UK’s National Health Service too socialist? Maybe you’ll like Japan where a public-private approach sees the government cover 70% of healthcare costs and individuals’ insurance plans - either employer-sponsored or privately purchased - covering the remaining 30%. This approach produces superior outcomes to the U.S. in terms of life expectancy (83.7 vs. 79.3), infant mortality (2 per thousand vs. 5.8 per thousand) and does so at lower cost (spend per capita $3,703 vs. $9,402). If 70% public funding seems too high, consider the case of Singapore, where a public-private hybrid model is divided into five classes, with varying levels of quality, and government funding ranging from 0% to 80%, depending on the plan selected by patient 80%. Such hybrid models also help ensure that healthcare firms such as Aetna do not have their livelihood completely taken over by a government sponsored solution.

I’m from a country with socialized medicine and so am highly familiar with the flaws of this approach: hopelessly long waiting lists, patient neglect, complete lack of innovation, an emphasis on low cost (sometimes at the expense of quality) and society paying for the reckless actions of some poorly behaved individuals. Sadly the U.S. system offers some of the same issues but none of the advantages of universal coverage. For example, the U.S. performance in terms of wait times is average; behind countries such as Britain. This could help explain why the majority of Americans now support some form of universal coverage.

Universal healthcare ensures 100% of the population is covered 100% of the time and that your ability to pay does not affect the treatment you receive. What a beautiful thing. Still not convinced? Perhaps you’ll heed the words of a man who wrote that “we should not hear so many stories of families ruined by health care expenses. . . .we must have universal healthcare. . . we need...to re-examine the single-payer plan”. The author? Donald J. Trump. That’s the kind of Trumpcare I can get behind.

IRL: Building Community within a Community

Catherine Frances Napier, Class of 2018

Catherine Frances Napier, Class of 2018

In Professor Linda Ginzel’s Negotiations class, students who contribute receive a coveted and unique Booth luggage tag that isn’t found anywhere else.

“The luggage tag became a symbol of reciprocity – we’re in this together, we’re all learning from each other,” Professor Linda Ginzel shares. “I am one component in the classroom. The students are the other component that build this community and learn from each other.”

This inspired two students (now alumni) – Wilson Sun and Ryan Bormet – to take these community-building lessons to heart. One year after their Fall 2015 Negotiations class, Wilson asked Professor Ginzel to host a class reunion. As Professor Ginzel will tell you, “You don’t get what you don’t ask for.”

Thanks to Wilson, Ryan, and Linda, 13 part-time students met for a class reunion on a weekday (“…which for working students, reflects a special level of commitment,” adds Ryan), including one student who had even graduated and returned to Gleacher for the reunion.

“I’ve been teaching here for 25 years. No one has ever asked me to do a reunion lunch. I was so honored to do this,” Professor Ginzel says.

Ryan, Wilson, and Linda’s students were honored to contribute to building the community in real life, inspired by Linda’s teachings. Even one year after the reunion, both Ryan and Wilson speak of the class and the reunion with such emphatic enthusiasm (while also making themselves available at 9:30pm on a weekday to share about it). Plus – they remember every detail of their 2015 negotiations two years later: who was Pluto, which negotiator to avoid in the class’ wedding march (partner pair up), who sat next to whom, all the laughs, and who became best friends.

Former Negotiations students join Linda Ginzel for a reunion. Photo courtesy of Catherine Napier.

Former Negotiations students join Linda Ginzel for a reunion. Photo courtesy of Catherine Napier.

In real life, these gracious students chose to build community, modeled after Linda’s example. Wilson and Ryan gave their community their own luggage tag of sorts.

The class not only enjoyed themselves so much they had a reunion, (have you ever had a specific class meet for a reunion?) – but Wilson also credits the class with changing his life. Wilson adds, “You feel very happy because you’re doing something [by building community] that people find very valuable.”

To Linda, building community is the highest reflection of a leader. These two students embraced what they learned in the classroom to build community beyond the classroom. (And you can still find the strong community these students helped build – through the multiple clubs they were apart of – including LAUNCH mentorship roles, and more.) Both Ryan and Wilson applied Linda’s community teachings to their lives and to the Booth community at large.

“If I can help you translate knowledge into action and move everyone in a more productive environment outside my classroom, that’s when I am going to really make a difference. It’s what you do outside my classroom. I have to make it memorable. I have to make it stick,” Linda says.

And stick it does.

Whether you are alumni in Helsinki recognizing each other’s luggage tags, catching up with a graduate at the Management Conference, or you’re reading this article, you know the inspirations found in Linda’s class will stay with you and take you anywhere, like your luggage tag.

Are you getting coached?

Klariza Alvaran, Class of 2018

Klariza Alvaran, Class of 2018

Prior to starting at Booth, I had was skeptical of career coaching. Isn’t it enough that I have people who have “made it” to admire and emulate? And what could someone who doesn’t even know-know me tell me about my career and goals that I don’t already know? Despite these feelings, I decided to give the coaching at E/W Career Services a shot as part of my LEAD Debrief meeting, following up on my LAUNCH experience. From that experience, I quickly learned that I had been thinking about the benefits of coaching the wrong way. Nowadays, I’m in Career Services for coaching once or twice a quarter!

I have found coaching to be helpful in a few key ways:

1. Gaining access to assessment tools and having someone with deep knowledge on those tools to interpret and reflect on the results with you.

When I shared with my career coach that I have, at times, struggled with certain communication scenarios in the office, she recommended that I take the Forté Institute Communication Style report. My results effectively captured instances where I tend to thrive (and settings where I may become demotivated) when communicating with colleagues in the office, and the test proved to be a useful resource for me to become more self-aware of how I tend to respond to certain environments and ways to course-correct when issues arise.

This is just one of the many helpful assessments that your career coach at Booth may point you to based on the kind of coaching you are looking for.

2. Your coach can provide you with resources to structure your thoughts on your career and next steps for during and after your time at Booth.

Maybe you are trying to decide between a few different avenues to potentially take your career. Or perhaps you just have no idea what you would like to do next.

Your coach can provide you with spreadsheet trackers, organizers that provide a framework to reflect on your past experiences, and more to help guide and prioritize your thoughts. That said, your coach doesn’t do that work for you, but rather he/she can help you to tease out important considerations based on your values and objectives to think about your career plans.

3. You can add another person to your network who can keep you accountable in your pursuit of your career goals.

Sure, it’s possible that you have already enlisted your friends, family, significant other, colleague, Booth classmates, and personal mentors to make sure you stay on track. However, your career coach at Booth engages you in a different capacity than those members of your network. Since it’s your career coach’s job is to advise people on their careers, he/she has seen numerous people over an extended period that his/her pattern-finding skills have been well-honed and put your coach in a good position to have a sense of where you are tracking toward your goals.

After meeting with my coach several times already over the course of the year, I can candidly share that she has become a trusted mentor and something of a career confidant for me, especially when it comes to my feelings of uncertainty and insecurity throughout my career development journey.

Klariza Alvaran is works in marketing at Tempus, while doing marketing on the side. She enjoys writing sci-fi, crocheting hats, and making music.

May-hem: What to see and where to be seen this month

Rachael Nass, Class of 2020

Rachael Nass, Class of 2020

Chicago Beer Classic

Soldier Field

Saturday, May 6, 11:30-2:30 pm or 4:30-7:30 pm

Join Chicago’s biggest beer aficionados for the area’s largest beer festival. For five years running, the Beer Classic has offered frosty beverage lovers the chance to sample hundreds of beers from a hundred breweries all in one place, learn from the best brewmasters, and even take tours of Soldier Stadium (well, if you get a VIP ticket). You can even make a pretzel necklace to take home to mum!

 

Rooftop Pool Party at the Robey

The Cabana Club at Robey Hotel

Saturday, May 13, 1:00-10:00 pm

The brand new Robey Hotel opens this month and they’re celebrating with a pool party open to the public. Grab your friends and your swimsuit and kick off Chicago spring with poolside beverages.

 

Food Truck Social

Lincoln Park Zoo

Saturday, May 13, 6:30-9:30 pm

Frustrated by the fact that your favorite food trucks are always parked on different streets? The Zoo is fixing that with their food truck social, which brings all your favorites together. Enjoy the zoo and Chicago’s best meals on wheels after hours. Grab yourself a VIP ticket if you want private restrooms, two free drinks, and four free samples (including exclusive VIP food items).

 

Neil deGrasse Tyson

Chicago Theater

Tuesday, May 16, 7:30 pm

Everyone’s favorite astrophysicist returns to Chicago for one night only for his “Astrophysics for People in a Hurry” show — perfectly suited for Booth students.

 

Frank Lloyd Wright 150 Plus Tour

Oak Park

May 20, 9 am – 5 pm.

For one day only, get exclusive access to four private Wright homes in Oak Park in addition to the normal tour homes (which, honestly, does not at all take long to get to via the Green line) in honor of the man, the myth, the legend’s 150th birthday. This is not your normal home and garden tour — FLW was known for the meticulous detail put into his living spaces, down to the built-in furniture.

 

Mayfest

Lakeview

May 19-21, Friday 5-10pm, Saturday & Sunday 12-10 pm

Kick off festival season with Lakeview’s Mayfest, celebrating its 22 year. For $10, get access to a large-scale block party with live music under a big-top tent, beer garden, and lots and lots of food.

 

Bike the Drive

Lake Shore Drive

Sunday, May 28

Always wanted to ride your bike in the street but too scared of traffic? Bike the Drive’s gotchu. For 5 hours, bikers are getting guaranteed right of way as Lake Shore Drive is shut down. Bikers of all skill levels are welcome and proceeds go towards the Active Transportation Alliance, a group working to make walking, biking, and transit better and safer in Chicago.

 

Concert Watch:

The xx, deadmau5, Neil Diamond, Father John Misty, Bonobo, Ty Segall, Hudson Mohawke, Zara Larsson, Ben UFO, Wild Belle, Jimmy Eat World, Flux Pavilion, Mac DeMarco, Norah Jones, Classixx, Hinds, Broods, Wale, Wavves, and The Weeknd all play Chicago this month, not to mention the year’s final Booth Vibes on May 6.

Rachael works in litigation consulting at Epsilon Economics. In her spare time she enjoys yoga, forming emotional connections to TV show characters, and cooking/eating/talking about/writing about food

Form Your Own Personal Board of Directors

Why choose just one mentor when you can have a Board of Directors? (Photo by Benjamin Child via Unsplash)

Why choose just one mentor when you can have a Board of Directors? (Photo by Benjamin Child via Unsplash)

As business school students and working professionals, we often hear how important it is to have a mentor. Whether the mentorship comes from a longtime employee at your firm or a peer you met in undergrad, you can get plenty of value out of having a mentor when it comes to steering the course of your personal and/or professional life.

However, having just one person advise you can be a disadvantage (dealing with the biases of one, being bound by their limited availability, etc.). During my intern days, a wise executive posed having a personal Board of Directors—a group of people with whom you would meet altogether once every few years (or separately on a more frequent basis if that’s easier) to benefit from the vast perspectives of a sounding board of diverse people that you respect and admire.

Here are a few of the kinds of folks may you consider adding to your personal board:

The Person Who has “Made It”: Maybe you always dreamed of rising up the ranks at your job before taking the leap to start your own business while also do some peppy public speaking engagements on the side. Someone else has probably accomplished the same, and they could very well be within reach of your existing network whether it’s through an introduction by mutual friends, exploring the Booth alumni community, or a mere “cold email” away. This is someone whose brain you would want to pick one-on-one, but you could also gain a lot of value hearing what this person has to say in conversation with your other board members.

Klariza Alvaran, Class of 2018

Klariza Alvaran, Class of 2018

The #PersonalLifeGoals One: This person has seemingly mastered the art of achieving and sustaining career success while also nurturing personal life ambitions. Planning a wedding the same year as opening an art collection at a local gallery just a week before a massive product launch at work seems like little to no problem for this person. In all likelihood, they have mastered the art of setting boundaries in various aspects of their life to allow for fulfilling levels of participation in personal and professional goals. Any of us could learn a thing or two from this person!

The MacGyver: MacGyver is the lead character of the eponymous television series from the 80’s—a scientist/spy who often called upon his vast knowledge to come up with resourceful solutions to get out of perilous situations. This person always seems to find a way work through obstacles, whether it’s finding a key person on the client to salvage a contract that has all but fallen through or never failing to find a legal means to purchase reasonably priced textbooks.

The Conflicting Viewpoint: This person is a naysayer to a core value or two that you hold. Now, I’m not saying you should add someone to the board who doesn’t like you because that could be more counterproductive than helpful. To use an example of how this person would interact, you may be a firm believer that work should never exceed 50 hours per week more than three weeks in a two because beyond that threshold, work-life balance diminishes; the Conflicting Viewpoint may say that “balance” is a myth and that work should seemingly integrate into one’s lifestyle and not simply boil down to an arbitrary number of hours. Overall, this person can help you put decisions into perspective before taking a firm stance.

Klariza Alvaran is works in marketing at Tempus, while doing marketing on the side. She enjoys writing sci-fi, crocheting hats, and making music.

Small Group, Big Benefits: Get to Know Booth Real Estate Group

Chicago Booth Real Estate Group kicked off spring quarter with a mixer on Thursday, April 13 at Lounge 420 in the Gleacher Center. (Photo by Ardi Baftiri)

Chicago Booth Real Estate Group kicked off spring quarter with a mixer on Thursday, April 13 at Lounge 420 in the Gleacher Center. (Photo by Ardi Baftiri)

Having recently been a part of a focus group aimed at assessing our “Booth experience” after completing a few quarters, I came to the realization that career exploration is just as important to part-timers as it is to those in the full time program. Despite entering the program with full-time jobs, part-time students too exhibit a curiosity about “what else is out there?”

Regardless if these students ever plan on switching careers, answering that curiosity is easily achievable at Booth. However, it’s important to realize the broad spectrum of possibilities you can explore. Too often we find ourselves relying on courses in addressing that curiosity with outside discussions heavily focused on only a few industries such as private equity, investment banking, and management consulting. However student groups, too, offer a great way of addressing that curiosity. As such, this article will shine a spotlight on one of the little known groups, hopefully inspiring you to further explore all the options available to you.

The Real Estate Group is the perfect example of a smaller student group that Boothies might not have heard of, but one that can surely benefit anyone looking to better understand all the options available to them. Understanding that not all its members are in the real estate industry, the group strives to showcase the breadth of opportunities via the diversity of its events. Events span panel discussions with real estate private equity funds and investment banks, networking events, all the way to the highly specialized ARGUS training sessions.

Ardi Baftiri

Ardi Baftiri

Ultimately, the broad array of events makes such a group perfect for anyone looking to further their understanding of all that Booth has to offer. The benefits of joining a smaller group however go beyond simply satisfying one’s curiosity; when asked what she thinks the biggest benefit of joining the Real Estate Group is, Julie Zeng— one of the Real Estate Group co-chairs said, “Unlike some of the larger groups, when companies in our industry (real estate) are looking to hire, they often aren’t going through GTS. These companies are going directly through the Real Estate Group. So our members get access to job positions that others may not have…and at times we get as many as 3 job postings per day.”

The Real Estate Group held its official spring kick-off event on Thursday April 13th , the event highlighted the fact that it offers benefits to members of all backgrounds. Attendees included Boothies in real estate private equity and banking as well as those simply looking to learn more about how their unique non-real estate experiences could be applied within a real estate context. Ultimately, the fact remains: the key to satisfying your curiosity about “what else is out there” may not lie solely in different classes and classroom interactions, but in the little-known student groups that bring multiple fields together in one.

Ardi Baftiri is currently a Booth evening student and works in real estate development. He is an avid traveler and has visited over 35 countries.

IRL: It Isn’t Just You & It Isn’t Just Me

Catherine Frances Napier

Catherine Frances Napier

Leaving Gleacher at 9:30pm, to get home by 10, to maybe get up at 5am for a workout (shelling out $30 for SoulCycle seems to be the only thing to get me out of bed), to return to Gleacher at 6pm the next day, to coming to Gleacher another day for a meeting, to bringing my A game to work, to managing my grandpa’s transition to hospice while studying for finals, to squeezing in date night to celebrate my boyfriend’s win in a competition (he’s pretty cute and is a #FellowBoothie), to trying to make lifelong friends at school (√check), to figuring out career next steps (can Career Services be added to my speed dial? Shout out to Kelly O’Brien), trying to fit it all in – and doing it all in the most cost effective way (note: making my own dinner wasn’t included in any of that). Sometimes, it’s easy to think, wow, look at my schedule.

True – we are busy at Booth. If Booth teaches us something quickly, though – it’s that it isn’t just me, it isn’t just you. I think that is one of the coolest lessons we learn at Booth.

Here is what busy means to Boothies:

Samantha Darnell welcomed a baby boy last fall, while being a student. Anyone who can carry a baby while being a student deserves immense credit. In the middle of her pregnancy, she also landed a new, great job. She balances motherhood and school.

Amado, a Gleacher cashier who always wears a smile, works at Gleacher from 2pm-9pm and is home by 11pm every night. He gets up at 5am to drive Ubers until 12pm. He takes a quick nap when he gets home before heading back to Gleacher. Amazing.

Kevin Bendle works at the Gleacher bookstore. He worked to effortlessly give Booth students a discount on Booth gear if they were signed up for an SAC athletic event. He also shares that he has completed over 60 quarter starts. While most bookstore managers only deal with two semester starts per year, he deals with four quarter starts! He is the reason all your books are available.

Naved Siddiqui is enrolled in four classes this quarter on top of his full time job. He is working to complete 12 classes by August so he can participate in OCR. He is working to achieve his dream career.

Lindsay Badeaux constantly balances a ton of work travel to recruit the best future Boothies, which means she also works a lot of nights and weekends to make that happen. She also ensures she has fun in her busy life – including adding guitar lessons at the Old Town School of Folk Music to her schedule, caring for her two pups, and enjoying time with her husband. #workhardplayhard

Bryan Scherer landed an investment banking summer internship while working a full time job, planning a wedding, and taking M&A Strategy and Financial Statement Analysis in the fall quarter (both classes are known as some of the toughest at Booth).

I hope this inspires every Boothie. Sometimes, it’s easy to be worn down with everything on our plates, but the entire Booth community is in this experience together. Whether you’re a student or you’re supporting us students succeed, you are not alone. It isn’t just you on this journey. We are all in this together. It is a beautiful thing.

Catherine works at Northern Trust in wealth management, loves yoga, creating content on www.cfndaily.com, and the peanuts at the Midway.

Hit the Town with these Springtime Activities

With so many things to do in Chicago, it’s easy to miss something. It’s also easy to stay home and watch Netflix. Get out of house and off campus and head to one of these hot (or cool, but under the radar) events happening over the next two weeks.

Chicago Dance Month

April 1-30, 2017, Various Locations

All month long, celebrate Chicago’s dance community with discounted or free events, classes, and performances of every genre, including ballet, African dance, circus arts, tap, modern, musical theater, and even fitness.

Price: Varies (Free & Paid)

 

Cocktail Summit

April 2-3, 2017, Logan Theater, Logan Square

Take your experience with cocktails beyond drinking them and learn everything there is to know about the concoctions (which, fun fact, were invented right here in Chicago during Prohibition).

Price: $100 for the weekend, $50 per day, or buy individual sessions for $15 each

 

Midwest Rum Festival

April 8, 2017, Logan Square Auditorium, Logan Square

Try over 50 different types of rum, sip cocktails, and take Master Classes all afternoon. ChiBus Tip (CBT): Go to http://clktr4ck.com/2ow7 and use promo code “TASTINGS” for 50% off.

Price: $35 for one ticket, $65 for two with link (so bring a friend!)

 

Handmade Market Chicago

April 8, 2017, Empty Bottle, Ukrainian Village

Before it closes for the summer, stop by, grab a mimosa, and browse the handmade work of over 30 artists, including jewelry, clothing, candles, and paper goods. It’s the perfect place to pick up a special gift for a loved one or for yourself (after all, you got through another Chicago winter!)

Price: Free

 

Old Style Chicago Pizza Summit

April 9, 2017, The Chop Shop & 1st Ward, Wicker Park

All you can eat pizza, 5 beer tickets, and a commemorative Old Style pizza-shaped plate all for $35? Count us in. Attend one of two sessions (starting at either 2:00 and 5:00 pm) and join 1,000 other pizza aficionados for hours of pizza bliss while live DJs play in the background. CBT: If sold out, check the Facebook event page for people selling tickets.

Price: $35

 

Pop Culture Happy Hour

April 12, 2017, Harris Theater, Millennium Park

The Pop Culture Happy Hour podcast is hitting the road with it’s first live show in the Midwest. Hosted by Linda Holmes, the show will include panelists Stephen Thompson and Glen Weldon, along with VIP guests Sam Sanders, and W. Kamau Bell, discussing all the hot gossip relating to books, movies, music, television, and anything else that gets people riled up.

Price: $45

Rachael Nass, Class of 2019

Rachael Nass, Class of 2019

Rachael works in litigation consulting at Epsilon Economics. In her spare time she enjoys yoga, forming emotional connections to TV show characters, and cooking/eating/talking about/writing about food.

Now that the weather is warming up, set aside some time between work and classes to take in events that the city has to offer. (Photo courtesy of Unsplash)

Now that the weather is warming up, set aside some time between work and classes to take in events that the city has to offer. (Photo courtesy of Unsplash)

In Real Life with Phil Giglio

Phil Giglio is on the path for his second advanced degree

Phil Giglio is on the path for his second advanced degree

23% of Booth students have advanced degrees before starting Booth. Not only is weekend student Phil Giglio one of those impressive students, he’s also back at the University of Chicago for round two.

Phil always knew he wanted to go to law school, and landed at – where else – the University of Chicago to pursue that dream. He has been practicing law for four years working with private equity clients (and working 60 hours per week on average). He assists clients in forming their funds, ensuring their compliance with regulations, working on M&A, and much more.

While in law school, Phil enrolled in Booth’s renowned Negotiations class. The lessons learned in Negotiations regularly apply in Phil’s everyday life.

“Given that my job is essentially predicated on negotiating, that class has been hugely valuable. I use those skills in everyday practice,” Phil shares.

“We learned that when you negotiate, people don’t like silence. If you put silence on someone, they’ve a tendency to talk to break that silence. And when people talk, they give away information, and information is the most valuable asset in a negotiation,” he says.

While others might feel awkward, Phil appreciates the valuable silence in negotiations, thanks to his lessons at Booth. He applies this lesson every time he negotiates on the phone – which is 99% of the time.

As a current Booth student, Phil participated in the annual Oxford Chicago Global Private Equity Challenge between Booth and Oxford. Students form a team, create an LBO model, and pitch a company as if they’re pitching to an investment committee at a private equity firm. Given Phil’s legal specialty, this gave him the perfect opportunity to learn more about the investments side.

“I sit on the other side of the private equity landscape,” he explains. “Making the pitch to a hypothetical client was a great change of perspective. It gave me great color as to what my clients go through on a daily basis.”

Further, Phil and his team worked to create a group with a great deal of diverse perspectives – including bankers, consultants, and a lawyer.

“We all brought a different skill set to the table. We had a really great team dynamic based on the fact that we all came from a different background.”

Catherine Frances Napier, Class of 2018

Catherine Frances Napier, Class of 2018

Phil’s latest team project involved applying to this year’s New Venture Challenge with another impressive group – a full time student, a part time student, a partner at a law firm, and a Booth professor.

“For the past two months, we’ve been working on proposing a new legal software solution and hoping that we get accepted into the program. That will kick up the amount of schoolwork I’ve got,” he adds.

Phil is clearly not a stranger to hard work – he balances an impressive legal career (including billing 100 hour weeks at times) and being a Booth weekend student. To Phil, Booth is absolutely worth it.

“Booth changes the way that you approach problems. Lawyers are trained to think a specific way and to think about all the possibilities of what could go wrong, almost to the point of inertia, and Booth teaches you what to focus on and how to sift through what doesn’t matter. It’s a very different way of thinking. The framework with which we’re taught to think at Booth really complements the legal training and education that I’ve had.”

Catherine works at Northern Trust in wealth management, loves yoga, creating content on www.cfndaily.com, and the peanuts at the Midway.

 

Data in an Anecdotal World, and The Chicago Approach

Ardian Baftiri, Class of 2019

Ardian Baftiri, Class of 2019

At the core of the Booth experience is The Chicago Approach— three words summing an idea with as many interpretations as people who experience it. Despite its interpretative malleability however, with enough probing common themes emerge: data, analytics, and results. Equipped with analytic tools, students strut off campus quietly summoning the world before them, “give me your problems, I will give you a data-driven solution.” Then they see, “Trump signs Muslim ban” on their phones and the power of data-driven solutions suddenly comes into question. If empirically substantiated solutions aren’t relevant for winning the most powerful office in the world, we must question what we’ve been preached to. We must question The Chicago Approach.

Now this isn’t an anti/pro-Trump article, but it does use the political arena as an example for evaluating the appropriateness of placing as much importance on data as Chicago Booth does. Continuing with the Trump example, we see the triumph of anecdotes over data in the illegal immigration debate as well. Data shows that immigrants are less likely to commit crime, with illegal immigrants not expected to commit a disproportionate share of crime. However, Trump repeatedly points out illegal immigrants have murdered citizens and he wants to reduce these senseless murders; he then relays the story of the illegal immigrant who killed a natural-born citizen. The story is factual. The argument is anecdotal. The solution is fantasy-land. Yet, the presidency was won! If data is seemingly irrelevant at the most important policy decisions, should Chicago Booth begin teaching “Impressive story-telling” rather than Applied Regression Analysis? Is the cost of a Booth MBA better spent elsewhere?

Despite the seeming insignificance of data-driven solutions at garnering success, the reality is that the argument above is anecdotal as well. We use an anomaly— the political success of Trumpian solutions— to suggest that Booth’s emphasis on data-driven solutions is flawed. In fact, data analysis has never before been seen as important a competitive advantage as now. Businesses across industries are relying on data to drive strategies, and according to research by the Economist Intelligence Unit 83% of professionals surveyed said data is making even existing products more profitable. Ironically, it is also data that made Trump successful, not anecdotes. Decades of data analysis into how our psychological biases could be used in negotiations revealed the importance of storytelling in circumventing the brain systems responsible for critical analysis— what I would argue was Trump’s actual source of success. Nevertheless, the reality remains: data is the future, and Booth is our conduit to it. So as you contemplate classes in coming quarters, consider these: Big Data, Data Driven Marketing, Applied Regression Analysis, and Machine Learning.

Ardi Baftiri is currently a Booth evening student and works in real estate development. He is an avid traveler and has visited over 35 countries.

Taking a Third Class

When I completed LAUNCH last fall, I asked a Seattle-commuting Weekend student about how his quarter was going, and he mentioned in passing that he was enrolled in three classes. An option I hadn’t previously considered.

Part-time students have varied reasons for why they choose to ramp up their enrollment. One out-of-state Weekend student I talked to wanted to maximize academic value considering the significant time investment of traveling. Another student wanted to work around seasonality in their job, allowing for little-to-no course load during heavy seasons. I ended up going for three classes my first quarter as I was personally drawn to the idea of front-loading on classes to provide flexibility in case I choose to elect a full quarter of studying abroad.

Regardless of your motivation for taking three classes or more as a part-time student, managing a full academic plate is a big commitment. Here are some questions to ask yourself to help you decide on whether the approach is a good fit for you and some tips on how to make the most of it:

Key Questions When Considering Three-Plus

1. Does my schedule allow for it? If you’re already working 70 or more hours per week (not even factoring commutes), chances are a third or fourth class may be a stretch when you think about the homework and additional requirements a course comes with.

2. Will taking more classes now be better for me down the road? Maybe the start-up you founded looks like it will soon require more and more of your time. Or maybe you have a transfer to an international office looming on not-so-distant the horizon. In such cases, you may find it hard to stay within the five-year completion window for an MBA. That said, if your time in the near future seems more permitting, it may be a good idea to take on a few more courses now to keep you on track to graduate.

Tips for Managing a Full Load

1. Check course evaluations and syllabi - These are invaluable resources to help you gauge weekly workload of classes and assessing which courses may be complementary. For example, you might want to break up the monotony of three heavy quant classes with a case-based course that involves a reasonable amount of time dedicated to group work.

2. Judiciously use time off for study - This may not be ideal to hear, but if doing well on your degree is high on the priority scale, it would be a good idea to allocate some days for emergency homework purposes.

3. Do a Week 3 Check-in - The deadline for dropping without landing a “W” on your transcript is Friday of Week 3 in a given quarter. At the start of that week, assess whether you think the lifestyle is manageable. If not, it’s not too late to drop.

Of course, don’t forget to available of the resources available to you via Academic Advising and Career Coaching to further help you prioritize.

Klariza Alvaran works in marketing and dabbles in creative pursuits on the side. She enjoys writing sci-fi, crocheting hats, and making music.

Maintaining Your Sanity During Winter Classes

“If you have to take difficult classes or have a three course quarter, aim for winter...there’s nothing better to do!” I’ve heard this quote one too many times in my year and a half at Gleacher, and while I agree that taking Multivariate Time Series Analysis may make better sense when the sun sets before 5pm, it is clear with Winter quarter midterms that we each need something more in the Chicago cold than work and school. Hopefully these suggestions will help you keep your sanity until spring.

“Read” Something Non-School Related

We’ve all told ourselves that we will pick up a book after the quarter ends, but how often does that actually happen? I know it can be difficult to get in the habit of reading for pleasure when there’s enough to deal with class-wise, but a great alternative are audiobooks. Whether it’s Audible or something else, I would recommend giving an audiobook a try for your downtime during the day or at work. For shorter, more direct listening satisfaction, podcasts can also help stimulate the mind without much time or effort.

Attend a Bulls or Blackhawks Game

I know the Bulls are a mess and that hockey isn’t everyone’s cup of tea, however there’s more to Chicago sports than the Cubs. Since I first went to the United Center in 1995, the food, drinks, and overall vibe have improved significantly, and with West Loop restaurants and bars down the street, it could be the perfect evening escape from throughput and derivatives.

Try New Coffee Shops

Too much studying to do? Sick of doing it at home or Gleacher? I’d definitely recommend trying a new coffee shop. From Sip in West Loop to Eva’s Cafe in Old Town, each neighborhood around Chicago has their own hidden gems in the coffee realm. Getting work done, leaving the house, and warming up over a caffeinated beverage can really kill three birds with one stone on the bleakest of days.

Visit George on the Second Floor!

We can’t change the fact that we’ll have to still spend a good amount of time at Gleacher every week, and with the Midway Club closed until spring, “beverages” may seem hard to come by. However, the Gleacher bar is still alive and well on the 2nd floor lounge and George is always looking for company.

As we plow through the rest of winter quarter with dreams of warmer times on the horizon, please don’t let anything hold you back from enjoying these next few months.


Mike is an Evening MBA Student and Senior Talent Acquisition Consultant at Vista Consulting Group. His hobbies include distance running, volleyball, and exploring local restaurants.

The MBA Candidate: Greedy or Good?

Ask 100 working-age individuals why someone would intensively pursue a career in business. What do you think the most common response would be?

                 Ardi Baftiri, Class of 2019

                 Ardi Baftiri, Class of 2019

Often the response revolves around money and greed— not Adam Smith’s broad “self-interest,” but the type of greed you don’t want your friends to have. Immediately people conjure up stereotypical images of a Gordon Gekko-esque executive reveling in egomania. They see the MBA candidate as the money-hungry suitor of the next promotion.

Bombarded with these stereotypes and entering an elite MBA program, I feared an environment with a Wolf of Wall Street around every corner. With a few quarters down, I’m writing this to communicate the reality of how greedy my fellow Boothies are, the reality of why they’re pursuing an MBA, and the learning environment their motivations create. In doing so I hope to ease a potential fear for the recently admitted, inspire motivated professionals to consider an MBA, and encourage MBA candidates to forcefully confront the stereotypes cast upon them. Sadly, the recent rise in populism brought about by the invisible forces of global economics has found a scapegoat in the financial industry; with investment management, consulting, and financial services comprising the top 3 industries of Booth MBA candidates, sharing the reality of who the MBA candidate is has become more important than ever.

Let's begin by admitting the obvious: most MBA candidates around you are looking for their next career opportunity and eventually will make more money. The hidden truth, however? By and large the vast majority are searching for the “right” next step, not the next big check. Geoff Foulk is the perfect example of the type of person you’ll meet at Booth: smart, successful, and genuinely passionate. When asked why he’s pursuing an MBA his response was simple: “I’m passionate about energy, and it's obviously going to be a problem in the future. I want to apply the Chicago Approach to that problem…I’m not doing it for the money; I’m doing it to influence the outcome for a future I might not ever see.”  

Although anecdotal, empirical evidence too has shown no causal relationship between incomes and happiness once incomes reach about $75,000. Pre-MBA students, I suspect, are distributed near that figure, suggesting they’re now searching for careers that fuel their passions rather than fanatically fighting for random promotions. With corrosive self-interest stymied, business school becomes a concentrated melting pot of genuinely passionate individuals who you want to engage and collaborate with. Ironically, rarely will you encounter the stereotypical businessperson in business school; rather, you witness the inspiring pursuits of people motivated by visions of a brighter tomorrow for everyone. The Social Enterprise Initiative, New Social Venture, and Social Enterprise Lab stand as a testament to the sincere motivations of MBA candidates. The daily encounters you always wish could last longer stand as a testament to the character of the MBA candidate. So if you’re new, engage! If you know someone passionate looking for the next career step, suggest a Booth info session. If you’re an MBA candidate, push back on the stereotypes!

Ardi Baftiri is currently a Booth evening student and works in real estate development. He is an avid traveler and has visited over 35 countries.

 

IRL with Ryan Bormet

As the country transitions to new leadership this month, so does Booth’s student government. In the spirit of celebrating his accomplishments, we’re pleased to feature Ryan Bormet, who was most recently the Student Advisory Council’s Co-President. Over the course of his one year as president, Ryan has learned many lessons that he has applied to his real life.

Ryan Bormet, Class of 2017

Ryan Bormet, Class of 2017

You likely already know Ryan Bormet, who was Co-President of the Student Advisory Council in 2016. You may also know him from co-founding the Sales Club, serving as the Mentor Coordinator, interviewing Professor Randall Kroszner, taking advantage of every class, being one of the most visible student leaders on campus, and much more. These leadership positions have taught Ryan many lessons he’s applied in real life.

Ryan shares, “Whenever you’re working with people, you learn the balance of leadership—of knowing when to step in and take action and when to stand back and allow others to take the reins. That’s been invaluable.”

Thanks to his role as an advocate for the E/W student population, Ryan also has the regular opportunity to practice perspective-taking. “I've worked hard to check my own viewpoint and opinion in order to fully consider the perspectives and interests of my peers. I think this is a critical leadership skill, but certainly takes practice since my immediate thought is typically my own opinion,” he shares.

So to Ryan, it was important not just to think about one set of super involved students, but all students with multiple priorities – including those with exceptionally demanding jobs, suburban commutes, and families. “These groups are all equally important parts of the student population – so it’s crucial to make sure we’re thinking about the diverse set of needs across that whole population,” he says. With Ryan’s leadership, SAC continued to promote events to all students.

Learning perspective can help when navigating difficult situations, and it takes practice to learn this with grace. Thanks to his role as Mentor Coordinator, Ryan practiced this art in real life with peers. Some quarters, 60 people applied to 20 spots.

“Having those emotionally-charged conversations is difficult,” he says. “It’s about being composed and being thoughtful about others’ perspectives in those conversations. It’s definitely applicable to work when dealing with a client who is frustrated or a colleague who is angry about something.”

Of course, in these leadership roles, Ryan had many opportunities to practice public speaking. This immediately applied to his real life.

“I presented to all of the incoming students at LAUNCH. I wanted to represent the community well and make them excited about starting at Booth,” he shares. He even recorded one of them to listen back to it to make improvements.

Catherine Frances Napier, Class of 2018

Catherine Frances Napier, Class of 2018

This practice immediately benefited Ryan at work, where he was asked to moderate a panel with four executive level employees. With all the practice Ryan has had through Booth, it’s no surprise he got a lot of compliments.

Through leadership opportunities and excellent classroom experiences, Booth has given Ryan what he calls “an incredible foundation”.

In his own words:

“Booth has given me business acumen, knowledge, and confidence. I know I am not always going to have the answer, but we are equipped with the insight to ask intelligent questions and the thought processes to figure it out.”

We’d like to thank Ryan for the impact he’s made on Booth.

Halfway There

Mike Sharifi, Class of 2018

Mike Sharifi, Class of 2018

An interesting part of being an Evening/Weekend student is that there is no pre-determined “halfway” point of your MBA. There’s no summer after sophomore year of college or internship between full-time MBA years that give you a chance to reflect on what you’ve already gone through. This doesn’t exist during the Evening/Weekend programs and if you don’t pay attention, the moment may pass you by. For some of us, you might complete Class 10 and begin Class 11 a week later without much time to digest. Having just finished my tenth class at Booth, I wanted to take some time to reflect on these past 15 months, as I prepare for the 15 months to come. Hopefully, these insights can help you as you prepare for the remainder of your time at Gleacher as well.

    One of the major things that I’ve learned being a part of the Evening/Weekend program is that while it’s a major grind adding 15-30 additional hours to our already busy weeks, we should never lose sight of the big picture and why we are here. Some of us are here to change careers, which I’ve recently done through connecting with a Booth Alum (Thanks Rock!), or discover and develop strengths we may not know we have - but one of the things that I’ve noticed is that we may lose sight of some of our intentions as we “go through the motions”. This isn’t to say that our goals and aspirations do not change over time, because they most certainly will, but making sure to remain in control of our MBA experience is important as we progress.

    Additionally, I was able to learn the value of attending student events early, but with time, I felt too busy to attend events as frequently. Last quarter, I didn’t attend a single Midweek at Midway or SQA. Was it because I was too busy or had too many challenges with the Littlefield Simulation in Operations Management? Possibly, but I more likely made excuses to stay involved. With this in mind, I will make more of a concentrated effort to make it to at least a few events this quarter, and I challenge each of you that couldn’t make it to an event last quarter to change that as well!

    Finally, as I look forward to these next five quarters, the primary thing I won’t lose sight of is how Booth has made an impact on my everyday life, on multiple levels. From work projects with alumni to planning my wedding guest list that will include classmates, it’s become evident that Booth has already made its mark on me and I’m definitely better of for it. Booth is no longer just the classes or the Gleacher Center, but who I text to grab a drink after work and who I’ll play pick-up basketball with on the weekends. Booth is definitely what we make it and I hope that 15 months from now, looking back on my experience as a student will be a strong indicator of my future as an alum.

 

Mike is an Evening MBA Student and a Senior Talent Acquisition Consultant at Vista Consulting Group. His hobbies include running, volleyball, and exploring local restaurants.

Stay on Track this 2017

 

2017 is underway, which means it’s time to get rolling on this year’s goals and resolutions.

Excel tracking docs can be key in staying organized

Excel tracking docs can be key in staying organized

Seeing how you’re progressing toward a goal can be a challenge. Fortunately, resources such as Google Sheets and saving an Excel document to a cloud drive make it easy to log priorities and monitor progress wherever you have an Internet connection.

As you begin to solidify what goals you hope to achieve and big decisions you need to make for 2017 are, consider making a spreadsheet “tracker” for key areas where you want to stay on track.

1. Hobbies

The New Year typically brings out a desire to try new things, but with so little time and so many options, a spreadsheet can help keep the undertaking from being too daunting. Use a spreadsheet to keep an ongoing list of what you’d like to try, where you can make it happen, and any accomplishments or highlights from those experiences.

2. Picking classes

The 20 classes we take for our degrees (add onto that the “Take Three” and the three you can elect post-grad) is a finite number that becomes even more apparent when you think about all the Booth and non-Booth classes at a student’s disposal.

Laying out fields in your tracker for your top three to five core selection criteria and the sub-considerations beneath those can help you prioritize what kind of course structure, objectives, workload per week, and professors are the best fit for your needs and preferences.

3. Moving to a new city

You will probably need more than just a spreadsheet to figure out where you would like to move after or over the course of your MBA. However, some basic tables in a spreadsheet can be useful in the initial information-gathering phase. Some useful starting points to examine might be:

  • Contacts at Booth who live or used to live there to ask for information

  • Target companies in the new and attributes such as typical commute time

  • Proximity to leisure activities (like a Krav Maga gym, hiking trails, etc.)

No person is an island

One way to stay accountable is to share your trackers with a friend and/or mentor and schedule periodic check-ins with them. As you become more deeply immersed in the day-to-day grind of working toward your goals and life in general, a second set of eyes on your progress can be immensely helpful to ensure that you keep sight of the big picture and have a firm grasp of your priorities.

Have fun with the process

Klariza Alvaran, Class of 2019

Klariza Alvaran, Class of 2019

Working incrementally is a great way to bring sustainable change into your lifestyle. Doing that 100 hours of boxing training in one month that you were meaning to do in 2017 may allow you to check the box off your goals list, but you might also get burned out. Spreading out a goal without a rigid timeline can help relieve pressure and even lead you to organically find the best way to fit the change seamlessly into your schedule.

Klariza Alvaran is working on several short stories and novels, while doing marketing on the side. She enjoys writing sci-fi, crocheting hats, and making music.