Chicago Booth European Conference

15 03 2010

The website of Chicago Booth European Conference 2010 has just been launched today!

www.europeanconference2010.com

Chicago Booth European Conference 2010





Conferencia de estudiantes españoles de MBA en EEUU- MBA Internacional 2010 (II)

4 03 2010

Muchos de vosotros nos habéis estado pidiendo una agenda más detallada de la Conferencia para poder organizar mejor vuestros respectivos viajes. Todavía estamos acabando de definir algunas de las actividades por lo que esta agenda es tentativa, pero se debería parecer bastante a lo que será el fin de semana:

La cena con Aznar (que es lo que la mayoría no se quiere perder) está programada que empiece el domingo a las 7:30pm. Aznar dará una pequeña charla sobre las 8:00pm y luego podremos disfrutar de una cena con él. El formato de la cena se está acabando de determinar todavía así que no os podemos ofrecer mucho detalle al respecto pero durara hasta las 22h aproximadamente. Sabemos que algunos de vosotros tendréis que iros antes hacia el aeropuerto por lo que estamos viendo la posibilidad de hacer un formato de cena más informal.

La conferencia del European Business Group tendrá lugar en Chicago Booth el lunes 12 de abril de 9:00 – 16:00 aproximadamente.  Se está terminando de cerrar el programa y os podremos dar información más detallada la semana que viene. En cuanto tengamos más información os la haremos llegar. Aznar será el primer ponente de la jornada y hablará de 9:00-10:00.

Como siempre, no dudéis en poneros en contacto con nosotros si tenéis cualquier duda, pregunta o sugerencia.

Os esperamos en Chicago!

Un saludo,





Conferencia MBA Internacional 2010 – 10 y 11 de abril – CHICAGO

25 02 2010

Queridos estudiantes españoles de MBA en EEUU,

Empieza la cuenta atrás…quedan 45 días para la conferencia MBA Internacional 2010!

Para los que andéis un poco despistados, MBA Internacional es una asociación de alumnos españoles de MBA (http://www.mbainternacional-es.org/). Durante los últimos años, se ha organizado una conferencia anual para reunir a todos los MBAs españoles que están en Estados Unidos. Una especie de evento de “networking” a la española. Este año somos más de 100 españoles repartidos entre las mejores escuelas de negocio de la geografía americana.

El fin de semana del 10 y 11 de Abril 2010 nos reunimos todos en Chicago!

El Comité Organizador -un grupo de estudiantes de Chicago Booth y Kellogg- estamos trabajando desde hace tiempo para que este evento sea un éxito!

Suponemos que tendréis preguntas… Vamos a intentar adelantarnos y contestar a las siguientes:

1. Para qué sirve esta conferencia?

2. Que actividades hay planeadas para el fin de semana?

3. Quien se ocupa del transporte y el alojamiento?

4. Puedo venir con mi pareja?

5. Cuando hay que confirmar la participación?

Ahí vamos…

1. Para qué sirve esta conferencia?

Pues básicamente para lo que quieras; para ampliar tu red de contactos, para compartir planes/ideas de negocio, para conectar con otros españoles con tus mismas inquietudes, para hacer nuevos amigos, para pasártelo bien, para hacer turismo en Chicago, para poder decir que has cenado con Jose Maria Aznar…

2. Que actividades hay planeadas para el fin de semana?

El Kick-off “oficial” del evento será el sábado con una comida con el cónsul de España en Chicago. Para los que tengáis previsto llegar antes, hay actividades planeadas también para el viernes.

La idea de los Treks Turísticos es visitar distintos puntos de interés de la ciudad de Chicago con un grupo de gente que comparta tus intereses (en industria: finanzas, energía, gran consumo, tecnología, etc. y/o función: consultoría, banca, entrepreneurship, etc.).

Programa de la conferencia

Como clausura del evento, tendremos la oportunidad de cenar con el ex presidente del gobierno español, don Jose Maria Aznar. Al día siguiente, Aznar dará una charla en Chicago Booth en el marco de la “European Conference 2010” a la cual estáis invitados a asistir.

Ese fin de semana además juega el Barça-Madrid. No dudéis que montaremos una buena para verlo!!

3. Quien se ocupa de los billetes de avión y el alojamiento?

Esto corre a cargo vuestro. Para los vuelos, recomendamos que lleguéis a Chicago el viernes por la tarde/noche o el sábado por la mañana y que volváis el domingo por la noche o el lunes por la tarde (si queréis asistir a la conferencia del European Business Group de Chicago Booth).

Hay dos aeropuertos en Chicago – O’hare y Midway – y los dos tienen línea de metro que te lleva directamente al centro de la ciudad por menos de $3.

En cuanto al alojamiento, hay muchísimas opciones en Chicago! Nuestra recomendación es que os quedéis Downtown que será lo más práctico para llegar a todos los eventos. Para ayudaros, estamos componiendo una lista de hoteles y apartamentos que os puede ser útil. En cuanto lo tengamos listo os lo haremos llegar.

4. Puedo venir con mi pareja?

Por supuesto, pero solo si es española! (Es broma!)

Sí, las parejas están invitadas a participar en todos los eventos que tendrán lugar durante el fin de semana.

5. Cuándo hay que confirmar la participación?

Cuanto más pronto, mejor! Pero sobre todo antes del viernes 5 de marzo! Para poder cerrar reservas necesitamos saber el número exacto de gente que va a participar en el evento.

También hemos creado el evento en Facebook donde iremos colgando información sobre el evento. Uniros!

Esperamos que con esto tengáis una idea más clara del evento y de porque NO OS LO QUEREIS PERDER! Más información la semana que viene!

Si tenéis cualquier pregunta o sugerencia, no dudéis en poneros en contacto con nosotros. Esperamos veros a tod@s en Abril en Chicago!

Saludos,

El equipo organizador






Chicago Booth European Business Group

24 02 2010

Europe
The European Business Group is a 200+ member student group at Chicago Booth dedicated to promoting cultural and professional exchange with Europe. While our members come from diverse backgrounds, we are unified by a common cultural and professional interest in the countries of Europe.

EBG’s goals for the 2010-2011 school year include:

  • Fostering a sense of European community within Chicago Booth, through social and cultural events;
  • Supporting students in the pursuit of internships and full-time job opportunities in Europe, through activities such as resume reviews, mock interviews, Eurotrek and London Banking Days;
  • Providing guidance to prospective students from Europe; and
  • Engaging corporate recruiters and alumni groups from throughout Europe.

The European Business Group is organizing the Chicago Booth European Conference 2010 on April 12th 2010, in which the former president of Spain, Mr. José María Aznar, will be the keynote speaker.





Presentaciones del MBA de Chicago Booth en Madrid y en Barcelona

14 12 2009
Presentaciones del MBA de Chicago Booth en Madrid y en Barcelona

Presentaciones del MBA de Chicago Booth en Madrid y en Barcelona

Estimado amigo/a,

University of Chicago Booth School of Business te invita cordialmente a las presentaciones de su MBA en Madrid y en Barcelona.

  • Aprende lo que diferencia a Chicago Booth de otros top MBAs en el mundo.
  • Descubre sus numerosas posibilidades académicas y profesionales.
  • Conoce estudiantes actuales y antiguos alumnos: sus experiencias, sus ideales, sus personalidades.
  • Despeja todas tus dudas sobre el proceso de solicitud.

Te esperamos:

  • el 23 de diciembre a las 19:00 en la oficina de McKinsey & Company, Sagasta 33, Madrid. Regístrate aquí.
  • o bien, el 22 de diciembre a las 19:30 en la oficina de Técnicas Lingüísticas Avanzadas, Vía Augusta 117, Barcelona. Regístrate aquí.

Un abrazo,

La comunidad española en Chicago Booth





Financial Reforms and the Millenium Bridge

12 11 2009

The lecture given by Professor Sapra about the counterproductive aspects of some of the accouting measures US legislators are considering in order to strengthen the financial sector has been one of the best I have ever had in my whole life.

According to Professor Sapra:

  • Increasing the reporting frequency is an incentive for managers to focus in the short-term and neglect long-run growth, which is bad for the economy
  • Using fair market values in finacial statements will increase volatility in financial reports, companies will react more to the actions of other companies than to the fair value of fundamentals.
    • Analogy: The Millenium Bridge in London was built in with a special suspension design that allowed the bridge to react to vibrations, like the steps of people. The problem was that people tend to walk at the same pace, especially if there are many people and the bridge is vibrating. As a result of people moving at the same time, the bridge enters oscillates too much. The Millenium Bridge was closed for 18 months after its opening to change the suspension system.

    The comparison with the Millenium Bridge Professor Sapra made, together with the clarity of his explanations and his sense of humor, made this lecture so great and memorable.





    What do we really know about the spread of AIDS?

    11 11 2009

    Professor Oster is my teacher of micro-economics at Chicago Booth.

    I would like to talk about her absolutely amazing presentation at TED. Professor Oster rebates many of the believes that are commonly accepted about AIDS in Africa:

    1. 25 Million people infected with AIDS in Africa
    2. If we decrease poverty, we will decrease AIDS
    3. African countries should follow the example of Uganda to combat AIDS. Uganda’s AIDS policy is based on education

    What is really amazing and innovative about Professor Oster is that she is using economics to decipher a problem that is usually part of epidemiology or public health.





    Unrestricted Work Authorization in the US

    9 11 2009
    Green Card in the US

    Green Card in the US

    One of the biggest challenges for international MBA students in the US is landing into a full-time position in a company willing to sponsor their working visa.

    Unfortunately, the number of companies willing to sponsor international candidates is very small (except in consulting).

    The Myths

    1) Visa sponsorship involves additional costs.

    FALSE. This is only around 5000 USD, which is much less than the salary they will pay you (hopefully!)

    2) It is difficult to justify that you hire a foreigner because the required skills cannot be found in the US.

    FALSE. It depends on how specific you are about skills in the visa application. You cannot just justify it based on the requirement to have an MBA degree and experience in industry A, because there are thousands of American falling in that description. But you are much more credible if you say you need somebody with experience developing operations strategy in industry A in country B, with experience dealing with senior management and leading multi-cultural teams, with intra-preneurial experience, fluent in language A and language B, with contacts in industry C, with a diploma thesis in field D… Not surprisingly, the way you write the Visa application influences the result.

    The Reason

    The main reason why companies choose not to sponsor is because the US Government can refuse a visa application without any explanation. The extension of a previously awarded visa can also be refused without any explanation. Companies do not like taking this risk. Only companies with the resources to lobby the government adequately are comfortable with this risk. The real problem is that the Government is not reliable regarding visa applications.

    On top of that, the TARP program (Troubled Asset Release Program) of the US government makes things even more difficult for international MBA students, especially those interested in Banking. The TARP program is a US government initiative to address the subprime mortgage crisis and strengthen its financial sector. TARP states that companies receiving funds under TARP cannot sponsor an international student if they make an American worker redundant.

    The Long Term Implications

    If you look at American history, this country is currently the number one in the world because it has traditionally sourced talent from anywhere in the world. If this practice stops now, this will no longer be the US in 50 years. It will just be a second range country somewhere in the North of the Gulf of Mexico.

    Additional Resources: TARP

    Read this interesting  article from scholarship for USA about the impact of TARP program  on job opportunities for international students.





    Chicago Booth Approach to Management Education

    8 11 2009
    Approach

    Approach

    This post expresses what Dean Edward A. Snyder’s  welcome speech to the class of 2011 means to me. Some people may argue that statement of principles and values are just statements and have little connection with real practices. But I believe that sometimes it is important to step back and think about the meaning of what you are doing.

    The University of Chicago is renowned for its schools of thought. Each school has its own approach for an specific discipline: Chicago approach to sociology, Chicago approach to economics, Chicago approach to physics, Chicago approach to literary criticism….

    What is Chicago Approach to Management Education?

    • Discipline-based knowledge : Business problems are complex and involve many disciplines. To understand organizations, markets, competition and succeed in business, you need knowledge from psychology, sociology, econometrics,  marketing… Other business schools focus on industries rather than on disciplines and neglect the multi-dimensional nature of business.
    • Empirical knowledge: Chicago Booth believes in facts.
    • Analysis: Good decisions are backed by good analysis. Analysis for Chicago Booth is discussing, challenging, fine-tuning ideas and deciding about them. The best idea is a provisional best idea. (See my post about this: What is Chicago Booth all about?). Booth is one of the few schools that focuses on the importance of decisions.
    • Fundamental principles: Effective business practices should be based on fundamental principles, not on furors or fads.

    So, What is Chicago strategy, then?

    • Values: Chicago believes on an unified system of values. We should have the same values at home, at the school, at work, in our country, in other countries, when doing research, when teaching…
    • Relations: every relation is important. Relations is helping each other, asking for help, giving help. We are receiving much support from second-year students, from alumni…
    • Respect for diversity: new ideas stem from diversity. We need to cherish diversity.

    Picture: belongs to wikipedia.com





    Team-Building

    18 10 2009
    Team-Building with La Caixa at Bradford Woods

    Team-Building with La Caixa at Bradford Woods

    I have taken part in three team-building activities, which have been all very interesting:

    • The LOE (Leadership Outdoor Experience) of LEAD course at Chicago Booth, (Wisconsin’09)
    • A team-building day at Bradford Woods during the orientation week for La Caixa scholars (Indiana’09)
    • A couple of team-building days organized by my previous company in a resort at Yalong Bay (Hainan province, China)

    These are some of the asks I have carried out during my team-building experiences:

    • Get the whole team pass over a rolling barrel situated 2 m high between two trees (LEAD). No rope. No ladder.
    • Build a boat with barrels, wood planks and ropes, and cross a lake on it. This was absolutely grate! (La Caixa)
    • Get the whole team of 30 move forward 100 m stepping only on some moveable tiles (around 10). Stepping on the ground is not allowed (Yalong Bay).

    I think team-building is very important because it helps people:

    • Create network: One of the problems in the corporate or academic world is that people do not like working together. They do not ask for help, they repeat work and mistakes already done for others, and the rest hidden in their niches of responsibility neglecting cross-functional aspects. Team-building makes people know each other and feel like working with each other.
    • Know about others. Team-building is very useful to know…
      • Who is good at which particular kind of work?
      • Who is creative
      • Who is a strategist
      • Who is methodical and organized
      • Who is authoritarian
      • Who is passive
      • Who is deceitful
      • Who is impulsive
    • Know about yourself
      • How I tend to act in team settings
      • What I usually do well?
      • What I usually do wrong?
    • Know how to work in teams
      • Ask for help when needed
      • Lead when you know the topic; being led when you don’t
      • Offer observations regarding the team’s progress
      • Propose, discuss, improve ideas
      • Don’t take other people’s comments personal




    This is why I love Chicago Booth

    7 10 2009

    2009 Booth Follies. A parody of the “Wassup” Bud Light beer commercial. Starring Deans Snyder, Martinelli, & Kole and Prof. Erik Hurst. Written & Directed by Samarth Chandra





    Chicago Booth Cohort Elections: Vote for Pedro!

    18 09 2009

    Dear Davis Cohorters

    I need your vote to become the President or the GBC (Graduate Business Council) of the Davis Cohort.

    Vote for Pedro!


    CANDIDATE FOR PRESIDENT OR GBC REPRESENTATIVE OF THE DAVIS COHORT

    .

    WHY PRESIDENT OF DAVIS?

    • Because I want Davis to become a real group of friends. I do not want we forget about each other after LEAD
    • Because I want Davis to be the most engaged & lively cohort in Booth
    • Because I want to grow personally serving all of you & learning from you

    .

    MY VISION & SUCCESS FACTORS

    People from all cultures & backgrounds working together for the common benefit

    Open-mindedness – Persistence – Generosity – Enthusiasm – Creativity

    .

    MY ENGAGEMENT

    • To represent all of you at the GBC, no matter my own interests
    • To listen to your problems and work on solutions with the School
    • To organize social activities for our cohort: events, bars, restaurants…
    • To organize joint activities with other cohorts
    • To work with other elected members to foster alumni relations and to win the Golden Gargoyles film festival

    .

    MY QUALIFICATIONS

    I coordinated senior managers from 60 subsidiaries in Asia-Pacific to agree for the 1st time on a common Strategic IT plan.  Doing this, I learnt:

    • To work with different kinds of people
    • To lead without authority & to be lead
    • To exchange & fine-tune ideas
    • To make decisions
    • To talk in public


    Some Humor: Vote for Pedro, from the film “Napoleon Dynamite





    2 Recommended Posts for Booth Incoming Students

    12 09 2009

    There are two posts written by a 2nd-year Booth student that I would like to recommend to all my fellow incoming students:





    Chinese and Taiwanese students at Chicago Booth

    6 09 2009
    China and Taiwan direct flights are allowed since 2008

    China and Taiwan direct flights are allowed since 2008

    Last week we had our International Student Orientation in Chicago Booth, in which we had some presentations about American culture and multiculturalism. Something quite interesting when talking about cultures is to observe how people sit spontaneously in an event like that.

    Most people on my table were from Greater China. Half of the people were from Taiwan and the other half were from Mainland China. I probably chose to sit there because of my three years living in China, which make me feel like part of China. But what is really interesting is why they chose to sit together.

    These people are the generation whom the future of China and Taiwan belongs to, and they spontaneously choose to sit together on the same table. I think this shows that people from both sides of the Taiwan strait recognize each other as belonging to the same community.

    When I was living in Mainland China I was asked several times, whether foreigners considered Taiwan was part of China or not. My oversimplified answer to this hypercomplex problem was that, for me, this is not the right question. For me, the right question is “Which country is China?”: Are we talking about the People’s Republic of China or about the Republic of China? Or are we talking about a community with thousands of years of history extended on both sides of the Taiwan Strait and all around the world through the Chinese diaspora? In fact, this third idea, with some important variations, is shared by both the Communist Party on the mainland and the Nationalist Party on the island. They just disagree on the definition of China.

    The history of China is the succession of dynasties: establishment of a dynasty, prosperity, fall of the dynasty, chaos. The history of China is also the succession of periods of union and disunion. We are now in what we could call the Communist Dynasty (whose current emperor is Hu Jintao). But the Communist dynasty will fall someday -I do not know how-, exactly the same as the Qing, Min, Yuan, Song and other dynasties fell in the past. I believe the next dynasty will be something we could call the Democratic Dynasty. This dynasty will not be a western-like democracy but a Chinese style democracy, which will also have its own series of emperors. I believe the sooner the Democratic Dynasty arrives on the mainland, the sooner the mainland and the island will be back together.

    People like those who sat together on table at Chicago Booth International Student Orientation, or maybe their children, will be in charge of carrying out this.

    Note:

    See my article about the values of Chinese people at work to imagine what a Chinese style democracy could look like.

    Image: The image belongs to jaunted.com





    What is Chicago Booth all about?

    2 09 2009
    Edward A. Snyder, Dean of the University of Chicago Booth School of Business

    Edward A. Snyder, Dean of the University of Chicago Booth School of Business

    I had a great time yesterday discussing with Professor Edward A. Snyder, dean of the University of Chicago Booth School of Business, who came to meet incoming students yesterday after our pre-MBA accounting class.

    Dean Snyder, told to us about what is special about Chicago Booth. I totally agree with him. Chicago Booth – he said – is all about challenging ideas, even our own ideas. This is the only way progress can be done. Challenging ideas is generating, analyzing, comparing, discussing ideas, criticizing and questioning ideas politely, and as a result, refining ideas and creating progress for the world. Chicago Booth students usually challenge professors ideas. They even the dean’s ideas in a polite way - said Dean Snyder . This is something that only happens in Chicago.

    For me, this is not being theoretical. This is being intellectual. This changes the world. And this is the reason why I chose Chicago Booth. Because I am somebody who likes challenging the status-quo politely and wants to pursue a career doing exactly this in a management position resulting in better practices for business and society.

    Furthermore, he also talked about his objectives for Chicago Booth, the most important of which is leading a revolution in marketing, in the same way Chicago already lead a revolution in finance in the past by challenging the previously established financial theories. Most modern financial theories come from the school and have resulted in 6 nobel prizes at the School (82 in total at the University of Chicago).

    It is not by chance that Chicago Booth slogan is “Challenge Everything”.

    Image: the image belongs to Chicago Booth.








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