Saturday, January 3, 2009
Entrepreneurial New 2009 Attitude
I have several resolutions for the new year (a dozen actually) but I won't bore you with all of them. After all, half of them pertain to how I can dominate better at pick-up basketball and my gym routine. The other half is about personal development and I guess, more important (arguably). No need to share them all but I do want to read more. I have never been an avid reader (or any kind of reader) before a couple months ago. Then I read "Ahead of the Curve" and enjoyed it thoroughly. Today, I read "Who Moved My Cheese?" (really cute and good-for-you kind of read, I do recommend it). One of my favorite new friends of 2008 got me an unexpected holiday present too: a book. Who'd have thunk it? It's Malcolm Gladwell's "Outliers" and it's a really good read thus far. I've gone through half of it in only 2 days, an unprecedented pace for me. I found it so intriguing that I stopped by the bookstore earlier today and read the intro to his other popular book, "Tipping Point", and enjoyed it too. Good stuff. The best part of it is that the books have a motivational message. We can all be entrepreneurs and set our own courses, create our own fortunes. We are fortunate in that we can do whatever we want. We're lucky.
With that sense of optimism, I have come to a new revelation in my b-school potential careers journey. I'm thinking I could be an entrepreneur and start my own business. It's not earth-shattering and it's not a new invention and it's not terribly innovative or important. It's merely a very small-scale business idea but it tickles my fancies. I get excited about it. I'm not going to sound like a fool and attempt to describe my idea but it does give me some direction. During my MBA, I can focus on entrepreneurship and learn about managing my supply chain, attracting investors, managing personnel, and marketing and all that good stuff. After all, I've always thought that entrepreneurs gained the most from MBA curriculums. Maybe I could even take advantage of Columbia's Entrepreneurial Greenhouse (doubtful tho cuz my idea isn't that kind of thang). But it's something to pursue that would let me enjoy my life. I'm thinking that I could also study finance and try to go into Sales & Trading post-MBA while I simultaneously cultivated my business idea at night. The good thing about trading is that you primarly work market hours and thus have your nights free. Trading is also incredibly interesting to me (and I actually have the experience to get a full-time job when the economy rebounds by 2011, fingers crossed). In fact, I really like trading as a job/career option except for it's lack of exit options. And that's where the entrepreneurial venture comes in. Maybe my business can be established by the time I want to (or need to) exit trading and I can just do that full-time. Love it.
So new directions and new ideas are exciting to me. I have other resolutions too but they're not particularly interesting. For instance, I want to eat more fruit and less junk, I want to be more outgoing and make an effort to make more new friends, etc. But I gotta say that this reading thing is awesome. Makes me feel like more of a person. Plus it gets me thinking, a fun pasttime despite what Gaston and Lefou might try to say (free Sloan or Yale SOM pen for anyone who knows where that reference is from).
I know resolutions sound dorky but I only make realistic ones and I enjoy the ones I've made. In fact, I think my next resolution should be to actually write my first business plan (dun dun dun). My idea may suck but the possibility of success is there. Then I wouldn't have to live a corporate lifestyle (something which I hem and haw over at times) and could live the rest of my life in the East Village happily ever after :)
Friday, December 19, 2008
Not thinking about school
Long time no write...
First I gotta congratulate the rest of the blogosphere as they've been raking in the acceptances like nobody's business! D.G., Soni, Samantha (and more I'm sure) are all attending tip-top schools and deservedly so... but obviously MaxWriter made the best decision of all :P hehe, hope to see more admits in the coming days.
As for me, times have been weird. I haven't been thinking about b-school much though I am still officially "researching" careers. It's all up in the air for me. I talked to an old colleague who just got fired from his trader job which is unnerving because absolutely no traders are getting hired now. And just last week I thought I had a revelation that I was going to be a trader! The pro's were overwhelming. For one, I have experience as a trading assistant so I could conceivably get an internship and a full-time offer by the time the economy turns around in 2011 (fingers crossed). Also, the work-life balance is good because they work market hours or slightly more. I'd much rather get in super early and leave around 6 or 7 pm (unless in times of market turmoil) than work late. The salary is obviously good and the money would be good with great upside potential. Plus I would get to follow the markets which I'm really interested in. I really like following the world economies on a macro-level. Plus, I really like the strategy involved in trading. Perfect right? The only con is the exit opportunities. If I flamed out as a trader, there aren't a lot of avenues to pursue. The traders that I knew who blew up millions wound up becoming brokers. That'd be a terrible consolation prize. Some traders could go into sales (becomes salespeople for other traders) but that doesn't sound that appealing. Otherwise, the trading skillset is so specific that I couldn't go into another field. In fact, traders who flame out would be good candidates for an MBA but i obviously couldn't go back a second time. Ugh.
I'm still considering brand management, marketing, and general management but not really doing much to learn more. But in general, I haven't been thinking about much. I've been working (riiight), and then going to the gym religiously for 4 hours a day (to play basketball, not really to work out), then I get home and watch tv and eat. Fun. But the lifestyle gets pretty routine and boring after awhile. The vacations won't start until late January at the earliest. I'm feeling antsy and it kinda bothers me that I'm not thinking more about CBS. Stupid TienyChesney!
I did finish reading Phillip Delves Broughton's book "Ahead of the Curve: Two Years at Harvard Business School" last week. Great book. I don't think it's as negative about HBS as people advertised it to be... instead, I think Phillip was extremely honest about his personal feelings and experience. An opinion can't be wrong! And some of the so-called negatives would be positives for others. For instance, he mentions the ice luge and frat mentality but for some (ahem), two years of party time sounds great. I'd highly recommend this book to anyone who wants a look into HBS or a top b-school in general because you can learn a lot about the culture (a great anthropological report actually) and he does a good job of explaining how some things work (i.e. the recruiting process, what private equity firms actually do, etc.)
Coincidentally, CNBC had an hour-long documentary debut on Tuesday night called "The Money Chase: An Insider Look at Harvard Business School" ... it made the school look really cool (especially with all the interviews with famous alums like Jamie Dimon) but it would've floored me more if I hadn't already visited campus. It's worth a look if you happen to catch the re-run.
What else. Oh, I bought the new Taylor Swift album! It's awesome and most of the tracks are available on YouTube too. It's definitely pop with only a hint of country which disappoints me but the music is so good that I don't care.
Next week I return home to NY for a week to see my family. I'm really dreading this as my dad (estranged relationship) is finally back from being abroad for nearly a year. My mom and sister have already confirmed that it's been weird in the house. Ugh. I gotta discuss b-school plans and financing options too. sjfjjf;lsajf;lkjfasdkfj
Also, mortgage rates are really low right now so if you're like me, you might consider refinancing that mortgage. Could be realllly worth your while. Do any of you know how much higher the rate for an investment property is compared to a primary residence? I know it depends on many things but I was hoping there might be a standard (e.g. 1/8 of a percent). Arrrgh.
Friday, December 5, 2008
Admitted Students Reception
The event was held in Low Memorial Library. It was nicer than I expected. I hadn't been inside Low since I visited campus for undergraduate admissions so I forgot how majestic the inside was. I had hopped off the bus just 30 minutes prior and walked through the Alex Lerner Center which is this large, transparent student center on Broadway. I had never been inside so I took a quick tour (the parts that I could access at least) and found Citibank ATMs and a bubble tea shop inside- nice! I can't wait to make bubble tea a part of my diet again :)
So I go the reception and I'm happy to learn there's a coat/bag check. I'm 5 minutes early for the reception but there are already around 20 people inside. There are drinks and attendants in the middle of the room and finger food off to the right. I was going to walk right up to the first person I saw but everyone was already in their little clusters. I decided to actually put on the little nametag that they handed out and when I picked my head up, Bob Shea, one of the admissions officers was there in front of me with a current 2nd year student. Pleasant conversation ensues. I then meet and talk to many more current students, incoming students, and admissions officers. Alumni were present too but I didn't speak to any of them by coincidence. In all, there were maybe 250 people in attendance I would guess? Half were 2009 J-Term and half were Fall 2009 full-time. Women were roughly only one-third of the room from my estimation but I'm happy to report that they were all very attractive :) Most everyone was dressed in business or business casual. I'd say that I was dressed in business casual casual though- sweater over a dress shirt with grey chinos and brown boots. I knew that incoming students often dress up for the first few events and then wind up throwing sweatpants on once class begins. I wanted to push the envelope and go casual with jeans (to show how confident and independent I was hehe) but stepped it up right before I left DC. Good thing too because only 1 or 2 people were in jeans that I noticed.
The event passed quickly. It wasn't one of those tiring networking events where I keep glancing at the time. The two hours passed in no time and many people had to be ushered out as the room was closed down. All the incoming students were really nice and pleasant to talk to. I even recognized some from the Facebook group but didn't mention this so as not to creep them out. It was really refreshing to see that so many of them were completely relaxed, normal, fun people. No super duper stars like some of the people I met at HBS. The incoming students I met were bankers, consultants, media people, entrepreneurs, but nothing insanely mind-blowing like Egyptian national team gold medalist in the hammer throw or anything like that. I enjoyed being around them- they were pretty unassuming. I could picture myself being friends with them. I didn't make plans to keep in touch with any of them but it was nice meeting them nonetheless. There will be plenty of other opportunities at Open House. Plus, I found the website for the pre-MBA Tour. It's not an official club but some incoming students will be touring the world over the course of 3 months prior to the start of school. Basically we just meet future classmates and travel together. It's all self-funded. I'm down for much of it- most likely the legs that go through Europe, Latin America, and Japan.
I've compiled a spreadsheet that details my remaining vacation time and my anticipated travel locations. I've really grown to appreciate Excel in the past year. As someone who has traveled minimally in his life, I'm a bit worried that all the travel prior to school might prove exhausting. I need to budget enough recovery time so that I can fully enjoy/appreciate everything.
Oh yeah, there were two speakers at the reception. One guy I don't remember his name or his position at all due to his heavy accent. The other person was Linda Meehan herself! Linda (the Dean of Admissions) was a short but incredibly energetic woman. She did a great job of working the room and I was shocked by how much enthusiasm she had. I joked with her about how I didn't receive a phone call from her yet. She also revealed that they're anticipating total application volume to be around 7,500 this year. They had 5,999 last year so that would be a 25% jump overall. Of course this is just what she said she anticipated from current volumes. She did say that she expects the Regular Decision volume to be even higher than the ED volume due to the amount of prep time it usually takes for those applicants who might've recently been affected by the financial crisis.
I left the reception and actually met Samantha (sorry, i'm too stupid to figure out how to put a link in here so go to the right and click on her Best MBA Blog Ever) at Pinkberry briefly. I promised to keep her anonymity but to you, my readers, I will reveal this: Samantha is not her real name... it is Bruce. Directly afterward, I met another future classmate for a quick dinner (same guy I had brunch with last time in NY) and then called it a night.
Wednesday, November 26, 2008
Happy to Be Alive
I just started talking to my folks (they're both abroad right now) about financing my MBA and it looks like they're on-board to help me out which is huge. I won't go into specifics obviously but any help is a godsend.
While skipping around the GMATclub threads last night, I realized that my plan to stop working in early July is actually quite late compared to other peoples' plans. Most people anticipate resigning in April/May! What does one do with so much time? As it is, I would have a month and a half to travel but 3 months sounds like a ton of time- I wouldn't know what to do with myself. But reading the various comments made me realize how lucky I am that my immediate future is relatively stress-free and certain. I was starting to get stressed about hating my consulting job and how our current project is ending... I'm having difficulty finding a new project so I was concerned that I might get laid off. But in reality, it isn't that bad because I hate my job and it would only be a few months early anyway. Plus I think I'd be eligible for unemployment :) Maybe with half a year left, I could just do volunteer work full-time or work retail at J.Crew full-time. Interesting ideas that I would never have the guts to do... but if I got laid off, then they start sounding intriguing ;) Also, one of my roomies just lost her job which is stressing me out because I wonder if she'll be able to make the rent for the next 8 months... she is technically a subletter/resident because I'm the sole person on the lease so I hold all of her risk! Aye carumba. This sucks but even if I get screwed, at least it's only a few thousand bucks... aka a drop in the bucket compared to the upcoming b-school costs.
So all in all, I'm in a weird mood. Kinda down cuz of the holiday season (dreading this Black Friday thing which I feel like I need to check out) but also happy because I realize my problems are relatively trivial in the big scheme of things. I'm starting to look for airfare for my San Francisco trip (late January) and maybe I'll contact my super friend in Sydney to see if I can/should visit Australia in the early Spring. That'd be sweet. And I'd still have London in late Spring/early Summer as well as room for the Columbia pre-MBA tours in July.
Oh yeah, almost forgot. This upcoming Tuesday, December 2nd, CBS is holding an Admitted Students Reception for incoming Jan 2009 and Fall 2009 students. I'm going to take a super-cool bus there on Tuesday afternoon and then take the bus back that very night. The commute will suck but I'm not missing this.
Happy gobbling to you all!
Thursday, November 13, 2008
Classmates, Career Services, Bookstore, Bars & Brunch
He also reinforced the importance of being socially competent and likable when it comes to recruiting, something I'm learning more and more about (and thankfully getting better at). Lastly, we talked about housing and he said that most MBA students live in the 80's through 120th street. I will try to live between 106 and 116th ideally :) He also stressed that internship recruiting hits you about a month after starting the program so it's imperative that we try to narrow down our career choices as much as possible before school starts. I'm basically leaning towards GM for Luxury Retail at this point but obviously I'll change my mind a million times before then. We chatted for about 40 minutes or so and I have to say, he was a genuinely nice guy. After we parted, I walked up Broadway to CBS.
It did feel a bit different being on campus now that I consider myself a student (somewhat). Campus looked prettier hehe. It was almost 5 pm on friday but I decided to see if I could pick up any info/brochures from the Career Services Office. Let me tell you, boy, were they surprised to see me. I was able to snag some informative flyers and brochures though, and they even gave me the Wetfeet Guide to Careers and Industries for MBA (or something like that) which was a $28 value! Looking back on it, I think the student at the desk made a mistake in giving it to me (it was probably intended for people to browse) but I sure appreciate it :) Very informative book.
Afterwards, I went to the bookstore and was pretty disappointed. The t-shirts I liked didn't fit me very well and they were out of stock of the sweatpants that I was clamoring for. My favorite sweatshirt also fit weird and there were no cool shorts that I would wear for basketball. After 40 minutes of intense deliberation, I left with only 1 t-shirt for myself and 2 more for my recommenders. Sadness.
I hopped on the 1 train and jetted down to Wall Street to meet a couple old co-workers from when I used to do the trading assistant thing. I had pizza at Adrienne's (my fav pizza in the world actually) and almost exploded from the 7 slices. We hung around Ulysses (a popular Wall Street bar) for a little bit and I must say, I'm glad I came back because it reminded me of exactly why I exited the financial services industry. Let's just say it wasn't my kinda scene. So Sales & Trading might be out as a career... for now. It was also weird/fun to step back onto my old trading floor. Nostalgia.
The next day, Saturday, I hung out in the city all day with an old friend from my alma mater. We went to my favorite veggie restaurant, Red Bamboo, on West 4th street and saw the movie, "Man on Wire" at the Sunshine (I think it's called) theatre downtown. It was a really interesting movie about the guy who wire-walked between the Twin Towers. Intense footage. We also had some cake and drink at Teany (the Moby-owned tea shop). Nice day.
Saturday night I met up with my co-worker who transferred to NY for dinner and then we met her boyfriend who is an Architecture student at Columbia. I checked out his student housing and it was pretty nice! It was just off 120th street and Broadway and rent was cheap, only $900 per month. He shared it with 2 other guys but the rooms were decent sized and there was a decent sized living room and even a guest room/office/den. Not bad. Then we went to some local Columbia bars. We went to 1020 which seemed like a huge sports bar that was super crowded so we immediately left and went to another place which seemed okay. I want to say it was the Pourhouse but I don't really think so. We ended the night at Havana Central (which oddly enough closes down at 2 am on saturday!?!?) ... I guess late nights will have to be spent downtown. It was relatively low-key and I didn't meet any CBS students.
On sunday, I had brunch with a future classmate that I was introduced to from another friend. I had never met this person but he turned out to be pretty cool. We got Korean food in Korea-Town since it was close to Penn Station. Both food and conversation were great... it turns out that he and I have very similar career backgrounds. Eerily similar actually. BTW, I can't wait for someone to start the Facebook group for our class. After a one hour conversation, I headed back to DC with my stomach full of noodles.
All in all a good trip! Tonight I will be meeting 2 future classmates for dinner/happy hour. I've met both of them before but we're going to celebrate because the 2 of them just got accepted within the last week or so. Fun stuff.
For some reason I feel like I'm no longer that involved in the blogosphere so let me take this moment to send out some positive vibes to Soni, Samantha, D.G., V2B, and of course, the MIA HappyBunny. I hope they're all kicking some admissions tuckus at this very moment!
Thursday, November 6, 2008
MBA Veggie Rankings 2008 (aka Bored at Work)
Wow, I am ridiculously bored at work so I will start posting about trivial updates. I learned yesterday that the co-worker whom I met at the CBS Info Session in DC in september just got admitted! That is great news. We are planning on getting dinner/drinks sometime next week since we work from different client sites (I'm a lousy consultant for those who don't remember). We might also meet up with another admit from DC whom I met through the forums. This will be fun because we'll already have a bond, and then when we get to school next year, we'll hopefully be able to introduce each other to our separate clusters/networks. Speaking of which, HappyBunny has a friend in NY who got admitted insanely early (mid-September) to CBS and I will be grabbing brunch with him on sunday. On a sidenote, I'm sure everyone's noticed that HappyBunny has taken her blog down at least temporarily. She hadn't found much that she wanted to blog about any more and I think she wanted to re-focus herself on the rest of her apps. But whatever the reason, maybe she'll want to do a "guest blog post" on MBA Veggie some day :)
So I am going back to NY this weekend. Taking friday off to do it too! I have a huge list of Columbia gear to purchase from the bookstore and I'll probably stop by the Career Services office too to see what literature I can pick up. Otherwise, I'll be basically meeting some old friends and co-workers (keeping the old work network alive plus I am genuinely excited to see some of my old buddies again). Might go out hard on saturday night. Just a quick 2 day trip.
Work is terribly boring, perhaps even moreso than it used to be which is hard to believe. But I am coping better with it as I've built up some immunity over all this time. Obviously I'm just cruising nowadays. I started thinking about where I will travel before school starts. My only international experiences have been to Taiwan, China, the Carribean, and Australia. I'm thinking maybe I can go back to Australia in January (it's summer there) and London in early Summer. And hopefully San Francisco in mid-spring. Then I can still go on the pre-MBA World Tour with CBS students in July/August :)
So most of you know that BusinessWeek comes out with its MBA Rankings every two years. While I don't think their list is as accurate as U.S. News' list, it's still interesting and garners tons of debate/discussion amongst the aspirant world so I was excited that I heard it was going to be released today. Apparently that is false. I emailed one of the BusinessWeek editors and she said that the magazine hits newstands next thursday, November 13th, and that the list won't be released beforehand. Darn it.
Well I can't wait and I am extremely bored at work, sooo...... I decided to create the first annual MBA Veggie Rankings for 2008 :P This is based on my own biases and extremely subjective "research". Yes, I am a believer in the "M7" and I have no good reasons for some of the ranks I've listed below other than randomly guessing about programs that I do not know enough about (and am too lazy to research). Don't flame me please- this is just for fun!
1. HBS
2. Stanford
3. Wharton
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4. Chicago
5. Kellogg
5. MIT Sloan
5. Columbia
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8. Tuck
8. Berkeley
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10. NYU Stern
11. Darden
11. Duke
11. Yale SOM
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14. Ross
14. UCLA
14. Cornell
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17. McCombs
17. Tepper
17. Kenan-Flagler
Sunday, November 2, 2008
Internal Job Switch, Ahead of the Curve, etc.
I haven't actually ordered Rosetta Stone yet, though I did try the free sample 1st lesson on their sample disc. I was impressed- it was simple, vivid, immersive, and I can see it being effective. But for some strange reason I didn't find myself motivated to go back and try the other lessons (it turns out that I wouldn't even have the option since only the 1st lesson was free). Do I really want to spend a few hundred bucks on it and never use it?
I am such a waste of space right now. I do little to no work at work, and then I play basketball at the gym for 4 hours daily. Literally. Apparently 1st year MBA life doesn't afford time for such luxuries so I'll get in all my playing now :) But seriously, I need some goals or something. I did borrow my co-worker's Financial Accounting textbook though. It's not the one that CBS uses but I just want to grasp some of the concepts so that everything won't be new. I hear accounting is one of the big ass-kickers for 1st years at most programs. And about work... I have the opportunity to switch teams to the economic analysis part of our company's business. It sounds cooler but it isn't... essentially I would be working as a scheduler and using Microsoft Project for 8 hours a day. It sounds terrible! But I would also use Excel a lot more and might improve my Excel skills which is important to me. Should I switch or not? The other option is to stay on my current team which is super easy and unchallenging (I basically do 1 hour of work per day!) and I could try to learn Excel on my own instead. Might be nice to take it easy before school starts but then again, I've been taking it easy for a year now. I have actually been chatting with a fellow admitted CBS student who quit her job the day after she got accepted... guess she's just having fun for the next 9 months!
By the way, I was in Barnes and Noble the other day and read the first 15 pages of Ahead of the Curve, the insider look at 2 years at Harvard Business School. It was a pretty good read, obviously very interesting and relevant since he graduated in 2004. I will probably go back and read it a few more times for free hehe. But that got me thinking: should I write my own insider experience about CBS? I don't mean that in a negative way... I don't expect to smear the school at all... if you haven't noticed, I am very pro-Columbia :) But maybe it would be good for my memoirs and a good fallback if I can't get a high-paying job... then I could just publish a book! haha, maybe I will keep a blog while I'm at school but looking around at other student blogs, it looks like there isn't enough time to post every couple days... once a week if you're lucky. Who knows.
Hopefully I'll have more interesting things to blog about soon. I'll actually be in NY this coming weekend to see a friend or two and take my old manager out to dinner (the one who wrote me a rec)... oh, and I'll be stocking up at the Columbia bookstore ;) On my shopping list are 5 t-shirts (3 for recommenders, 2 for me), sweatpants, and a hoodie. Maybe I will sample Hamilton Deli too.
OH! I cannot believe I almost forgot. Last thursday was a happy hour with co-workers to celebrate my acceptance... it lasted from 6 pm to 12:30 pm! I actually got pretty darn drunk and there was lots of dancing. Stuff that I normally wouldn't do if I still cared hehe.


