The 8 kinds of people you meet on Ski Trip

The ski trip gave us enough sample size to categorize the participants into a number of different groups. Now, contrary to everything that MCG has taught most of Booth, this list is definitely not MECE, but similar to popular news channels - none of this is based on any kind of actual fact or reality

An alternate recap of the Steamboat Ski Trip in December 2018

In our infinite wisdom, we at ChiBus decided that our vast readership would also benefit from reading a non-traditional recap of Ski Trip 2018. Luckily the BSSC co-chairs enabled my laziness by sending out a daily email articulating each days MVPs and LVPs. Here are some of the gems from the trip:

Day 0:

Four brave pioneers from the class of 2019 (including yours truly), who ripped the first shotski of the trip. I should have known it would be a slippery slope from there on out, both in terms of alcohol consumption as well as how many times my backside met the ice while skiing

Day 1:

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Mrs. Claus and her elves smashing the patriarchy. TBH the luge was making sure everything and everyone was smashed though.

Rob Lammell for skiing in style and also shushing everyone who claimed that pineapple was a summer fruit. Now if only we could settle that question of whether it belongs on pizzas…

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And while the BSSC co-chairs believed that this group of Boothies’ inability to build a pyramid highlighted how unathletic Booth is, my alternate (mandatorily positive) interpretation as an admissions fellow is that it shows how Booth prides itself on always having a flat structure. (Insert pyramid picture, no caption)

Day 2:

The resourceful (and slightly creepy) first years who tracked down White Panda on the slopes. Also, did White Panda use the same algorithm as DeadMau5 to generate his name? And should we expect to see a Blue whale headlining Coachella in 2020?

Day 3:

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"Esther the pink dino" for officially becoming Strawberry Hot Springs' new mascot and enjoying a rapid rise in fame. Subsequently, Chris Pratt was spotted in Steamboat, sparking rumors that he was there to film the next movie in the Jurassic Park series, titled “Raptors in Rapture”

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Day 4:

The creative and fashionable 1Y who showed that cowboy hats are a versatile fashion accessory, acting as a bridge between generations past and present as well as between glass and mouth.

Day 5:

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The Brazilian crew proved once again that they knew how to party

Dumb and Dumber.jpg

...but they were pushed close by Drew Ficken and Kevin Strickland - Christmas Dunne right indeed.

Winter 2019: The Secret Course Menu

It’s news to most Boothies that, just like the secret menu at Chipotle (Quesaritos and Burritodillas, yes please) or Shake Shack (Shack-cago dogs: worth a try just to pay homage to the Windy City), there is actually a secret menu of classes.

First Day Round 2: Translated for Admits

Later this week, Round 2 admits and their partners will arrive to Chicago for a weekend of the royal treatment. Dozens of current students will be on hand as volunteers to make the event a success, in a true demonstration of Booth’s “pay it forward” culture.

Colombia Trek Returnees Afflicted by Spring Break Withdrawal

By Siddharth Sastri, Class of 2019

By Siddharth Sastri, Class of 2019

Spring at Chicago Booth is unique. Rather than ushering in warmth and blooming fauna, the new quarter seems to have introduced a different phenomenon: the sobering reality of about three hundred 1st years going through severe Spring Break withdrawal. Through ChiBus’s rigorous investigation, we have dug through literal dirty laundry to identify several concerning symptoms. The victims can be recognized via their uneven tans, injuries that they have no memory of, and in some cases: a reluctance to make eye contact with individuals they had a lot of other contact with.

Denial was rife amongst the afflicted population. We saw a number of victims trying to convince us (and themselves) that while they loved every minute of Spring Break, they couldn’t have spent another day at beach-front hotel in Cartagena eating fresh fruit and sipping frosty beverages with more than one syllable in their name. Instead, they were eager to get back to their sparsely furnished MPP apartments and participate in the endless elevator wait. We interviewed the victims in the aforementioned MPP apartments and also noticed the victims annoying their non-Colombia trekking roommates by providing commentary during Narcos viewings and acting like insufferable know-it-alls.

Why am I here and not somewhere else?

Why am I here and not somewhere else?

Subjects also seemed to want to relive past glories. A number of students spent hours going through their photo gallery, and either sighing wistfully or exclaiming in surprised delight upon finding yet another Boomerang of them dancing to Dura on a boat. Living up to stereotype, we also saw students obsessing over the perfect Instagram caption and wondering why their friends had more people liking their photos. In some severe cases of wanting to relive the experience, students were also observed going through their credit card statements and reminiscing about the minute details of their evenings. (In unrelated news, Venmo announced a new limited-edition product for Spring breakers).

Not all victims were reclusive though. There were those who were attempting to move forward with their lives despite their overwhelming belief that it was all downhill from here. The more academically inclined souls were perusing dictionaries and trying to understand if “Spring” in the Midwest meant something different than what it did elsewhere - This trait was particularly common for the international students, who hadn’t realized just how misleading American “English” really is.

There were also some brave souls who seemed healthy enough to connect with the larger society and engage in regular conversation – i.e. “how’s recruiting going”. Some students also feigned interest in other Spring Breaks, and enquired after their friends’ adventures in Patagonia. While they nodded enthusiastically and exclaimed appropriately, they later confessed that they failed to understand how that was a “break” at all, and whether they could trust the participants to make future life decisions.

The students furthest along on the recovery curve, and for whom we had the most hope, were those who trekked over to Harper, pretended to look interested during classes, and left the sanctuary of the Loop to go to TNDC. However, their recovery hit a setback when they looked around and realized that partying on land was so 2017 winter quarter

Booth unveils vision for Eating 2.0

Sunday 28th January

On Friday, The University of Chicago’s Booth School of Business made history when it announced the opening of the world’s first ever automated check-out cafe. Speaking at the unveiling, a senior school official said “We revolutionized business education before when we were the first school in the US to offer PhD and EMBA programs. Ensuring our students have access to the best facilities in the world is just another example of us setting the tone for management education. Today the world watches closely, for we are not launching a food outlet, but the next great experience.”

As part of a tour of the facility the school conducted for journalists, this reporter took a cue from one of the signs put up  and tried to fool the restaurant’s cutting edge technology by trying to sneak out a Hershey’s under the three layers of clothing that the pleasant, bracing winter mornings of Chicago necessitate… and succeeded. We at Chibus pride ourselves on how light-fingered we are unlike some of our less talented counterparts from the east coast who tried similar feats. However, this seemed an aberration and on the whole, the system seemed to work perfectly.

The inspiration you need when trying to prove your chops at cafe lifting

The inspiration you need when trying to prove your chops at cafe lifting

Speaking with journalists after the event, Chief Designer Geetika Belivardes walked us through some of the features of the cafe. “We have scanners at the door that detect the UChicago cards of each person entering – the cards don’t work on most doors and half the printers at Booth – but we managed to integrate them perfectly with our systems. Once the student picks something up and walks out, we automatically deduct their my.UChicago account (which currently records tuition, insurance cost, etc.) for their purchase. Pilots we ran show this actually increases consumption as it reminds students that they can stuff their faces till kingdom come and their expense will still be a rounding error compared to tuition.  We also prevent students who have a class right now from entering so that we don’t encourage flakers. To address the needs of this late segment, we offer a ‘Maroon mode’ (only $100/month) where students can order through our app and get food delivered to all ‘C’ classrooms within an hour of purchase.”

While some stakeholders have expressed concerns on how their privacy would be affected, others were less worried. Said Jeremiah Spetson, a second year, full-time MBA student “The school having a few photos of me picking up something other than a healthy salad is not something that’ll keep me awake at night. If someone recorded some of my antics after the LATAM party last week on the other hand… #whyBooth. I’d take this loss of privacy any day over the discomfort of having to make small-talk with my Negotiations professor (the one who always cold calls me with unerring accuracy, just when I open GroupMe) for five minutes while waiting in the extra-long lunch lines.”

Finally, some have wondered what this means for Booth in the long-term. Is this a one-off improvement of facilities? Is this the ultimate answer to ‘Why are you here and not somewhere else?’? Or is this part of a long-term strategy to get on a P&Q list that reads something like  “10 coolest facilities that MBA schools have”? Darien Kellorv, part-time “Innovation Sensei and Marketing Sorcerer” at a local startup and full-time podcaster put forward a different theory. “In an increasingly competitive MBA education market, one way that business schools can remain relevant is to diversify their product offering. I see this as Booth testing the e-Commerce and retail waters. I would not be surprised if a large scale acquisition – say of Mariano’s – is in the offing”. It remains to be seen whether this Seer of Management Strategy, this Viking of Customer insight is right, but everyone agrees that Booth has suddenly become  a more interesting place.

With inputs from Vikram Sivakumar, Class of 2018

Startup Diary: 2018's best NVC ideas

Spring quarter inches closer. First Years are eagerly looking forward to spring break and second years are already feeling nostalgic. A small group of our colleagues however are already working around the clock to launch great new companies as part of NVC. In this article, we review some of the most promising startups – from those looking to disrupt the vertical transportation market to a simply delicious juice stand – in this highly competitive pool.

ElevatorPass: Tired of waiting 10 minutes every morning for your apartment complex’s elevator? Want a little privacy coming back from TNDC? ElevatorPass guarantees you personalized access to the elevators (partnerships announced 10+ leading Loop complexes) when you need it. Because they know you’re your best when you’re on the go (potentially great tagline for a creepy ad). For high demand buildings they’re even providing modular elevator shafts that plug on to the emergency exits during peak traffic.

Market size: A plus
Our verdict: C minus. While a great idea, success will depend on developing both sides (apartments, users) of the platform.

SOMO (‘Stop Only Missing Out’): SOMO targets a very specific set of users – those who feel they’re missing out on a large part of Booth and want to do something. SOMO scans social media for the ‘hip’ events and sends you alerts for whenever the whyBooth hashtag is used. It even provides personalized recommendations on what events are right for you and how to navigate conflicting events.

Market size: C-
Our verdict: F. Eww, borderline creepy.

DailyPickup: DailyPickup is designed for people who never use the Metra, are fairly regular to class and are too gosh-darned lazy to book an Uber, every single time. Simply upload your class schedule and forget about it, DP will book a cab for you to reach just in time. You can even add preferred classmates so that you pool with your friends every day.

Market size: B+
Our verdict: C plus. While DailyPickup’s solution is really compelling, like the ChiBus, their target market is all of 10 people.

MiracleJuice: For those of you who can barely make it out of your apartment after a party, MiracleJuice offers a range of their completely organic, freshly pressed juices with closely guarded proprietary recipes that will pick you up after any party. Test users reported a 173% increase in productivity after using MiracleJuice.

Market size: A-
Our verdict: B. Lip-smacking product, but how do they differentiate themselves in the competitive market of healthy foods targeted specifically to MBA students?

Weird Things We Still Do

In this new column, we take a look at things at Booth that are seemingly far beyond the realms of rationality. Today we look at one of the mainstays of industry groups. 

No-show checks:

Consider all the aspiring bankers who have looked desperately at their pants just before a corporate conversation and wondered anxiously if they were too “light”.  The consultants who weighed the pros and cons of taking a bathroom break during a panel talk. The aspiring tech titans who showed up half an hour late for a lunch-and-learn after waking up at 11. Despite the differences in career tracks, there is one thing that keeps us all united – the dreaded no-show check. The subject of so many angry, pleading and minutiae-debating emails and the topic of so many Pulitzer (Pinocchio?) winning accounts of “I got there at 11:44 but the co-chairs had already shut the doors!”.  Estimates show that 26.4% of all students have had at least one no-show check cashed during their time at Booth.

No-show checks: The one aspect of the MBA life you have no difficulty explaining to your grandparents;  Image source:  Afeardv *

No-show checks: The one aspect of the MBA life you have no difficulty explaining to your grandparents; Image source: Afeardv*

But the question arises, why do we still use no-show checks? This is after all, an age when former Pet.com investors pontificate on Twitter on the “growth of the nouveau riche, the pointlessness of the salary person rat-race and the emergence of a new purpose for humanity”– after making a $200 paper profit on their Bitcoin investments. An age when even the more traditional parts of Booth seem to have woken up to this new reality with “The Fintech Revolution” somehow breaking in to the bastion of efficient markets and traditional finance courses. Most first years visit the bank for the first and last time just to pick up check books.

The answer lies in a complicated mesh of how clubs and student groups are set up, plus the fundamental structure of a potential delayed payment, that this journalist is not paid enough to go into.  

However, Booth not have to live with this status quo forever. “NoShowers”, a startup founded by Booth alumni are aiming to solve this problem through a subscription-based, deep learning enabled, AI-powered solution that uses IoT sensors at event venues and blockchain driven transactions to solve this challenging problem. NoShowers recently won “Most buzzwords in their mission statement” and “Most confusingly named startup” at CES. However, it may be a while before they have a product in the market, so Boothies will have to leave the cocoon that is 5807 Woodlawn and go to the uncharted territory of S. Ellis to visit Citibank for at least one more year.

 

* Used under Creative Commons license. Use not endorsed by Creator

The Resolutions That Weren't

It’s January again. A time when Mother Nature gently reminds us that beneath her sunny summer smiles lies a cold-hearted, ruthless b*****d who would like nothing better than to freeze the marrow out of our bones and laugh callously at every shiver as you trundle despondently across the river after your 9 PM Gleacher class. Yes, coming back to Chicago after break hasn’t been fun, why do you ask?

But it’s also the time when freshly minted New Years’ resolutions sad to say, broken. Today we look at some of the most popular resolutions that were made in moments of weakness (probably three drinks in), and like the last season of How I Met Your Mother, did not die soon enough.

Bringing your unread emails down to 0: You may have been one of those fortunate souls who have their lives and inboxes perfectly ordered, but if you’re like the vast majority of us, you have a snowball’s chance in hell of actually living up to that. Between Canvas, Polsky, Stigler, the University News and so many more it often feels like the Universe in general and the University in particular is actively conspiring against you. Just give in, and let the mound of emails be the metaphor for your growing student debt in tightening monetary policy

Eat healthy: You made a lofty goal of staying on a diet and fit into the suit that you rocked so recently at your internship/last job. But life and Booth had other plans for you. From Kovler finally serving food with mass appeal (or any appeal for that matter) in the form of the new sandwich stall and the natural advantages of many winter layers – it didn’t take that resolution long to fail.

Missing no classes: No one said you had to be one of the folks who see their professors for the first time during the Final, but aiming for a 100% attendance record will probably feature in any Buzzfeed list of the worst decisions ever made. Between TNDC and recruiting (FYs)/travelling (SYs) you were struggling to stay afloat even halfway through Week 1. By the time you started Week 2, everything hit the fan and you just threw up your hands on this one. And rightly so

Spend less time on social media: You were lying to yourself when you thought you could pull this off. Without social media how can you possibly participate in the FOMO Olympics of trips, dinners and other fun activities that is your newsfeed? How will you be able to determine the answer to the Ultimate Question of the life, universe and everything - which is the best section of Micro? Can you really tear yourself away from the gripping drama of all the lost jackets at TNDC? For shame for thinking you could pull this off.

Dear Grumpy

Ardent fans of ChiBus know of our ongoing series to tap into the wisdom of second years and alumni. The star of our column is “Grumpy” Gerald Wockell, financial wiz, raconteur extraordinaire and reluctant second year. This week, we launched an “Ask Grumpy” session for students at Booth to get pressing questions answered anonymously. Here are Grumpy’s responses to some of them:

Dear Grumpy,

I’m a second year and am looking to create a bucket list of all the things I need to do before leaving Booth. I have already prepared a 30 tab Excel of ideas for things to do at Booth, UChicago and the wider city. I’ve also been to every spring break’s information session, have my tickets booked for a bunch of other trips and have a master list of people I need to grab coffee chats with before I leave, but I wanted to be sure to tap every source of information, no matter how disreputable or unreliable. So, do you have any suggestions?

Nostalgic

Dear Nostalgic,

I certainly do. Let’s start with courses. No Booth experience is complete without taking the “star” courses. I strongly recommend redoing the foundations with different professors. Yes, you’ve already covered the content before, but imagine the FOMO you’ll have if you don’t take that one Micro section that your batch bid 8000 points for. Moving on to food. You cannot, simply cannot, leave Chicago without fully experiencing one of its finest eateries. I suggest trying out EVERY SINGLE lunch option that Kovler has. This includes the candy, snack and dubious brussel sprouts options, no cheatsies. Yes, you’ll probably put on 15 pounds and lose a ton of money but totes worth it for the memories when you’re in your high paying job cashing that per diem and thinking back fondly to your broke student days. Outside Booth, the Museum of Damaged Mannequins is definitely worth a visit. There’s a two hour wait most days, but what’s that compared to the countless hours of family-friendly fun you can have looking at old damaged mannequins.

Grumpy

 

Dear Grumpy,

I’m in the throes of recruiting and have taken four heavy courses this quarter so I really don’t have a lot of time for social activities. However, I think it’s having a lasting negative effect on me. I still haven’t made it to a single TNDC, I’m embarrassed to ask what an LPF is and am not a member of a single non-recruiting group.  I met someone from my LEAD squad recently at Harper and they asked me if I was a second year! I’m worried I’m becoming one of the invisible 200. What should I do??

Translucent

Dear Translucent,

Booth is all about finding the tradeoffs that are right for you. Fall is the hardest time of the year for most career tracks so it’s okay to delay some of the fun for later. Having said that, what do you mean you haven’t been to a single TNDC yet??? Are you sure you don’t go to Kellogg? One night’s fun never harmed anyone and the grades really don’t matter.

Grumpy

 

Dear Grumpy,

I recently attended a recruiting event and met someone truly special. Our eyes connected when this person was handing me a brochure and we spoke for what seemed like hours on the work that company did and how I could fit in. I’m finding it hard to concentrate on everyday things but I’m worried reaching out would hurt my chances at the company which is one of my top targets. Do you think I should go for it?  

Love-struck

Dear Love-struck,

No.

Grumpy

 

 

What's News

School hires stunt professionals for reaction boosting workshop:

After complaints of sign up spots vanishing faster than free food in the student lounge, the school hired Hollywood professionals to conduct a workshop on how to improve their reflexes. Said second year participant Rod Tapper, “I signed up when I realized how slow I was with ski trip sign ups. All my friends got in their applications for 9-member houses in at 20 seconds while I was languishing at 47.5. With a few simple tips I learnt at the workshop, I’ve been able to attend every wine club event since! I’m planning to use this for everything from party signups to advising appointments.”

MBA student tries to make endowment:

‘Tis the season of giving. Inspired by the announcement of large grants made recently to both Booth and the University of Chicago, second year student Jim Cho tried to endow the school with a chair. Literally, a chair. Said Jim, “I’ve snoozed in a lot of chairs in my time, but the ones at Booth have got to be the worst. Booth has done so much for me and I want to give back in my own little way, and pay it forward as so many have in the past.” Confused school staff were still debating what to do with the chair, admittedly a paragon of comfort, at the time of publication, although they flatly refused to allow it to be named “The Barbara and Barry Cho Chair of the last row in C08”.

 

Study room utilization rises:

For possibly the first time in Booth’s history, study rooms are becoming increasingly difficult to book, even in early November. Lest you think this is a sign of an increased academic focus, fret not! Several theories have surfaced on why this is the case. One puts it down to an unusually enthusiastic bunch of first years looking to get a headstart on interview prep. Another, to an unusually cold winter that is making winter garden less hospitable. Finally, notable conspiracy theory linked the phases of the moon and Dean Rajan’s travel plans in a five factor model to explain this rise.