Itinerary

So I finally purchased my San Francisco tickets... I'll be going from the night of March 11th to noon on March 15th. I figure I'll spend a day and a half in Berkeley and then a little over 2 days in San Fran. I know that I won't be able to see everything but I'll try to cram everything in. I def want to check out Berkeley's campus, the Golden Gate Bridge, perhaps Alcatraz, Russian Hill, Chinatown, and the neighborhoods of Mission and Haight-Ashbury. Am I missing anything stupendous? It'll be good to finally take a trip since I've been admitted for almost 4 months now and have only sat on my ass.

If things work out well, I'll be going back to Sydney sometime in April for 11 days or so. If I'm lucky, maybe I'll even take a side trip to Melbourne. Keep your fingers crossed. In May, I figure I can use Memorial Day weekend to take a 3 day trip to Montreal or Toronto. In June, I'm going to London for 5 days. In July, I'm going to various parts of China for 3 weeks with the family... we have a place in Beijing but I'm going to convince them to go to Hong Kong since I've never been. The CBS Pre-MBA World Tour website is still in development but many of the destinations don't intrigue me that much... I'd be down for places like Japan, Russia, Turkey, UAE, and some of Latin America but some of the other stuff might be a bit too exotic for me. I am a novice traveler afterall. They've discontinued the Western Europe leg that went through London, Amsterdam, Berlin, Paris, etcetra last year. Maybe I'll tag along for a Russia or Argentina leg though. At least this is my plan. A destination a month to keep me from hating my job hehe.

I wish I could just quit my job. I'd be bored doing nothing so I would try to get a cool pre-MBA internship (even for no pay) or at the worst, work retail at J.Crew or something. Unfortunately, the draw of the paycheck keeps me tied to my go-nowhere, hate-it-all consulting job. I've determined my resignation date to be July 1st... still 5 months away. Sigh.

I haven't thought about post-MBA careers much but I'm certainly leaning towards Trading. Even if the compensation potential doesn't match what it used to be, I still think it's a great fit for me (analytical, competitive, potential for high pay, relatively great hours, market driven, new york location).

Tomorrow evening is the CBS Alumni Club of Washington DC happy hour. It will be real cold, around 15 degrees, but I will be in attendance. I'll have all the dirt here too.

Happy Hours

I was in NY this past weekend for the Chinese New Year and it was a smashing success on all fronts but one. I'll start with the sadness. On saturday, I met up with my friend from DC who is also a prospective CBS applicant. I gave her a tour of Columbia's campus (even studied the Columbia wikipedia page for factoids!) but she was less than impressed. I think many factors contributed to this. First of all, it was fricking cold, at least in the teens Fahrenheit. Secondly, we couldn't get inside several attractions such as the majority of the Lerner Center, Butler Library, or Watson Library. Third, there wasn't much going on campus since it was a saturday. There were some CBS students around but not many. They all had robust lives I'm sure and after all, it was the weekend. Fourth, CBS' main building, Uris Hall, is objectively not very impressive... after all, it was built in 1985 or something. She decided not to apply. Oh well, I could tell she was never that motivated anyway so I guess more CBS for me :) Also, she's not a super fan of NYC... while I consider it the only place to live (obvi), she doesn't know if she could spend more than several days there. So there ya go.

A great thing came from her visit though. She was staying with a friend and I met this friend's boyfriend who just so happened to be a CBS recruiter from a bulge bracket bank for Sales & Trading! What a coinky dink. I tried to ask him questions about how recruiting was going and stuff like that but he wasn't really interested in talking about it. The expression on his face was fairly bored. Then his face lit up when the topic changed to the pros and cons of Duane Reade versus Walgreen's versus CVS versus Rite Aid! Crazy. It sucks because I feel like I missed a golden opportunity but there was nothing I could've done differently. I wasn't being obsequious or overtly exploitative in any way. He just wasn't that cool (or displaying cool behaviors I guess). Maybe he gets b-school kids asking him about that stuff all the time or whatever the case may be, but he wasn't interested in talking more. My alternative hypothesis (I was a psychology major in undergrad) is that he was kinda put off because I asked him if he chose to do equities trading or not after he mentioned he traded equities. He might've thought I was looking down on equities (which I wasn't) since equities have a reputation of being boring/old/not-as-profitable in the trading world... so maybe he was just feeling defensive and insecure. Oh well, still better to have met him than not met him I guess.

Later that night I met up with an old friend from high school which was great. He's a litigation lawyer living in Brooklyn and he lives a great life. He lives in a cool up and coming neighborhood, Clinton Hill, (from what I could gather) and he had a sweetheart girlfriend and some cool friends too. He had a job he loved and made good money. You could tell he was happy. Funny enough, his girlfriend is the head of marketing for an industry media company (can't say which) which I may potentially be able to call upon for future job leads. Niiice. One note here: I don't go around assessing whether new acquaintances/friends can be valuable in my network or not... it's just coincidence that I met those two people and obviously being the analytical guy that I am, I noticed their outstanding characteristics :)

On sunday I met an ex-coworker who now does Risk Management for a large bank. It was good to see her again and we caught up on everything for 2 hours. We got bubble tea in the East Village. She, like many that I've met, has no idea what kind of job she wants post-MBA. Funny how many of us there are, isn't it?

Lastly, I received invitations to 2 happy hours in the DC area. One is from the CBS Alumni Club of DC and the other is from a CBS student who organized DC happy hours last year and continued this year even though she is now a student and no longer around (how nice of her!) ... unfortunately, they both scheduled the exact date and time at different venues! I informed them so hopefully they'll do a joint one or one will alter their time. It would be sweet to attend both so I can get as much CBS in me as possible.

I got a separate happy hour invite for the Thursday before CBS' Open House in late Feb too. It was for the Milstein Center for Real Estate happy hour and I received it because I indicated real estate as my original interest. I don't want to go but I'm wondering if anyone received a happy hour invite from a different campus group/theme? Maybe the Lang Center for Entrepreneurship or perhaps a Sales & Trading one? That would be awesome and I'd totally go to one of those instead.

If there are any finance/market gurus reading my blog, maybe they'd also like to chime in on this: What do you think are the chances that the Prime Rate (aka Fed Funds Target Rate plus 3) reaches 6.5% (aka Fed Funds Target Rate=3.5%) by the year 2015? I imagine it'll definitely happen but wanted some other opinions. I'm asking because of a potential loan scenario I'm entertaining (no, it's not a student loan).

I'm starting to cringe at the realization that my tuition and living expenses are going to be a tougher burden than I originally anticipated. I'm thinking of cancelling the Morocco trip (still going to San Fran though) and quitting at the end of June. Then I'd take a week or two trip during June with the CBS Pre-MBA World Tour (maybe Russia?) and travel all of July (China, Australia, London). Much less than my original hope of traveling for 2-3 months. I should try to get a better picture of my travel plans this week.

Columbia Visit #43, Using the Network, & Dunking

I'm delighted that the CBS 2011 group on facebook finally broke 100 members! Granted, a few of them are actually 2010'ers who joined to welcome us but I'm glad the class is shaping up. I registered for Open House on February 20-21 already (probably one of the first couple people to do so since I registered within 5 minutes of receiving the email haha). The agenda for the Open House looks pretty good, lots of presentations on important topics like the Chazen international study trips and panels on student life and clubs. There are a couple happy hours too. I should really try to learn more about Entrepreneurship and my Sales & Trading post-MBA job outlook. But obviously I'm most excited to meet my future classmates.

This weekend I'll be back in NY for the umpteenth time, primarily to celebrate Chinese New Year which is technically monday. I'm excited because on saturday, one of my favorite friends of 2008 (from DC) will also be in NY and I'll be showing her around Columbia's campus! It's funny that I'm doing that considering I'm not a student yet nor do I know the names of the buildings and history but I do know where to get bubble tea (Lerner Center). She's applied to a couple MBA programs (mostly for sustainabilty/social enterprise) for Fall 2009 and she's really interested in CBS, however, she lacks the motivation to start her app because she doesn't believe she has a good shot which is silly. She's actually quite talented and I think she stands an excellent shot so our tour tomorrow will be my marketing tool to galvanize her app. I'm debating whether to show her the horrific conditions of Levien and University Blue Gymnasiums though... she's a gym nut and I don't want to make her cry.

I'll also be meeting up with several friends and also an ex-coworker who I just learned will be a classmate too. Fun times. Oh, and I also started leveraging the network! As a techy consultant, I'm supposed to work on projects for different clients. Unfortunatley (or fortunately should I say), I haven't been assigned to any projects recently so I've just been sufing the web. I was starting to become paranoid that I'd incur my managers' wrath so I asked a different future classmate/current co-worker if he knew of any projects that I could work on... and it turns out he does! On tuesday, I begin working for him (haha, he will be my direct project manager) on designing an internal portal/website... it doesn't sound exciting but I think it'll be good for me because there'll be some intellectual engagement to it (e.g. how do we market the site and encourage greater user participation?) and I'll meet a host of team members from all other parts of our humongous company. That's the good stuff, baby!

Travel plans aren't looking great. Greece is out but Morocco is in (but not until March 6th I think). I'm excited for San Fran cuz one of my fav cousins apparently lives there plus a couple friends, but I can't book that for a while. I am also registered for a 1 day retreat with my undergrad alma mater in late February that will allow for relaxation in some rustic-looking part of Maryland. I really need to look at CBS' pre-MBA World Tour destinations too.

Lastly, I am re-upping my efforts at the gym. I never benchpressed until a couple months ago but my goal is to bench my body weight before the summer. Also, I'm doing a jumping program to work out my legs... the goal is to dunk (a guy can dream can't he?) by end of April. I even had a dream about it last night (seriously). My CBS classmates will thank me for this once the Cluster Cup basketball and volleyball competitions start!

Doom and gloom and Kroll too

I'm typically nothing if not positive when it comes to dreaming about the MBA future that awaits us all. BUT there's a recent thread on the BusinessWeek forums which really has me thinking. It's from a current Top 5 MBA student (probably Kellogg or Booth) who is talking about how dire the recruiting situation is for both full-time and internship positions. He says that students outnumber internship postings by 2 to 1! That's insane. I know it's just one person's experience but I've heard similar stories and from my own research, a lot of students are giving similar accounts (though maybe not as soul-crushing).

This begs the question. Is the MBA worth it? I've adamantly resolved that the MBA is the next phase of my life no matter what. I'm going to do this regardless of the job situation. But if I take off my blinders for a second, I can't help but wonder if the $175,000 (my personal calculation for CBS) for 2 years is worth it if it won't yield my dream job. Granted I don't know what my dream job is but I want to be able to get it once I determine that obviously. Yes, the experience and education and personal development and network will be worth it. But if internship recruiting is so dire now, how will it be in the fall when I start myself? Probably not much better. A lot of analyts expect the economy to start rebounding around Quarter 3 of 2009 but that might be a bit too optimistic. I always told myself that we'll be recovering (at the very least) by graduation in May 2011 but the reality is that I need to prepare much sooner. In fact, I believe Columbia recruiting events start within weeks of getting on campus aka September 2009! Ay carumba.

Perhaps there's a silver lining. Maybe the lack of a super attractive full-time job option will force me to dive into my entrepreneurial idea head-first. That's a good thing. But I originally wanted to ease into that venture while I worked a normal corporate job, preferrably as a trader at a big bank (so I think currently). I realize that no trading jobs are out there right now. I believe I have a decent shot of getting one of the few ones that pop up by graduation since I have experience as a trading assistant but I feel like I need the internship too. Ugh, maybe I should stop stressing.

In other words, I have submitted my Kroll application and it's MUCH simpler than originally anticipated. It's different for each school (I believe they can customize what info to check) but Columbia asks for the bare bones. CBS' Kroll app asked for my current job, recommender info, undergrad info, and biographic info. It did NOT ask me about extra curriculars or past jobs or anything I wrote in essays. This should be a relief to some. I did not get an official "passed" yet but I fully expect to receive one.

On another note, I received a voicemail from Linda Meehan, the Director of CBS MBA Admissions, this week congratulating me on my admit. I'm kinda sad it took her this long to get to me considering I was probably one of the first 10 apps in their pile this season but it's cool. I'm sadder that I didn't get to pick up the call myself. Oh, and other sad news: my trip to Greece is off though I will probably still go to Morocco. San Fran is coming up in the next month or two too.

Alright, I'm going to run to the gym so I can dunk on some freshmen. And by "dunk", I mean shoot mid-range jumpers. I'm meeting 2 of my future classmates (whom I've already met a couple times) in the DC area for dinner afterwards. Tex-mex or pub grub?

Entrepreneurial New 2009 Attitude

I want to wish you all a happy 2009. I'm really optimistic for this year. There's always something about new beginnings, the unlimited potential, the unbridled hope, the promise. But it's more than that. Each year we get smarter and become better people (I like to think that we are always striving toward our ideal selves). Anything is possible right? Theoretically at least :) I'm happy because 2008 wasn't that great. World economy aside, I hated my job and didn't feel like I took advantage of all the social opportunities I should've. I guess we all feel like that every now and then but it still sucked. 2009 is wonderful because I will be resigning from my soul-sucking job in several months and embarking on a new adventure, CBS, and making new friends, learning new things, and making a new life. We all love the promise of re-inventing ourselves, don't we?

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 :)

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.

Admitted Students Reception

Columbia's Admitted Students Reception was this past Tuesday evening. It took me about 0.04 seconds to decide to make the trip from DC to NY and back for this two-hour event. Of course I was down. In fact, I'm thinking of attending both Open Houses later in February and April.

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.