Thursday, October 29, 2009

My Unbelievable Opportunity ~ Corporate Fellowship

~Lauren Collins ~ MA in Management Candidate 2010, Corporate Fellow
When I was making preparations about post-graduation plans last May, I was hesitant about my next move. Although applying to jobs and graduate programs, I honestly wasn’t sure what I wanted to do with my career. I knew that I didn’t want to settle for a job just because it was offered, and I didn’t want to take out loans for a graduate program I wasn’t truly interested in.
“FREE MASTERS PROGRAM AT WAKE FOREST FOR MINORITY STUDENTS!” I remember receiving this e-mail thinking this must be a hoax. A free masters program? In my personal research, that was simply unheard of, as most masters programs give minimal scholarships.
After receiving the e-mail, I began researching the MA in Management program and the Corporate Fellowship at Wake Forest. First, I read about the Wake Forest Schools of Business through its web site and other sites discussing business schools. I wanted to make sure that if I decided to pursue this opportunity, I would be entering a welcoming learning environment and have access to resources needed to make me a better candidate by the time I graduated.

Once I was convinced by Dean Reinemund’s (left) vision for the business schools and his commitment to a diverse learning environment, I reached out to Debra Jessup, who was the diversity coordinator at that time. I emailed Debra expecting her to briefly answer my questions and re-direct me to some non-human communication tool as do most “busy” administrators. Needless to say, I was surprised when she asked for my phone number and a convenient time to chat. We talked for more than an hour about Wake Forest, the Corporate Fellowship, and the application process to the MA program. I was even more surprised at her honesty about the small number of minority faculty and students at Wake. But she confidently expressed that the Dean, who had been recognized for the diversity initiatives he implemented while serving as the CEO of PepsiCo, was actively working hard to recruit and retain the best minority talent.

Immediately after our conversation, I submitted an electronic application to the MA in Management program because I knew I wanted to be a part of the program and attend business school at Wake Forest. As a part of my application, I did a 30-minute phone interview with Stacy Poindexter Owen, who was also very personable and made me feel even more secure. After submitting all my materials, I was invited to an MA Open House to learn more about the program. Though the admissions event was geared toward students who planned to enter the program in 2010, I took advantage of the opportunity to visit the school and meet the faculty and staff to whom I would potentially commit the next year of my life. The morning of my visit, I received an acceptance letter via email stating I was admitted to the MA in Management program. I was thrilled and waited anxiously until the end of the Open House to find out if I would receive the Corporate Fellowship. By the end of the afternoon Stacy and I were sharing a box of Kleenex over tears because I was so expressively happy when she told me I indeed had received the Corporate Fellowship, which includes full tuition and a living stipend.
Six months later, I’m in the second module of the MA in Management program and still quite content with my decision to accept the scholarship. I’ve become close friends with the other Fellows, who have degrees from Harvard, Stanford, Vanderbilt, Brown, Davidson, Emory and Wake Forest. We meet bi-monthly over breakfast with our program director, Hansford Johnson, to discuss our experiences with our sponsor companies and the various challenges and opportunities that come along with being a graduate student.
My sponsor company, Flow Automotive, has provided me a unique mentorship with its Vice President of Organizational Development Dennis Chriss, as well as direct guidance from the CEO Don Flow. In the spring, I’ll complete an educational project covering four of the functional areas of business using Flow Auto as the subject. Don and Dennis have done a great job of providing me career coaching and leadership development. All of the Corporate Fellows (right) are having an amazing experience and gaining marketable skills from our sponsor companies.
Last week, I had the pleasure of sitting down with Dean Reinemund to discuss how we could help add more value to our sponsors. We want to make sure that we are doing everything possible to maintain ongoing relationships with these admirable companies on behalf of Wake Forest, so next year’s Corporate Fellows will have an even greater experience than we are currently enjoying.
The other corporate partners for 2010 are: Alex Lee Inc., BB&T Corp., Frito-Lay, Hanesbrands Inc., Primo Direct, Reynolds American, and VF Corp.

BWIB: Out with the Old … In with the New

Good morning!

We would like to thank the students who submitted suggestions to re-name the Babcock Women In Business. We were pleasantly surprised to discover that the majority of the suggestions came from men – thanks guys!

In the end, we decided on a name that reflects the fact that we interact with many different groups and are ourselves a very diverse group. We also wanted to keep it simple. However, we liked the mission statement from one of the suggestions because it reflects what the club does now and what we hope to do in the future.

Wake Graduate Women in Business is committed to empowering female students through mentorship and social support, as well as helping female students gain the skills and training needed to successfully position themselves in the highly competitive workplace.

Congratulations to Carmesha Scott, MA 2010, (right) for helping us define who we are regardless of what program we are in. The $75 gift certificate will be placed in her box in the next few days.

The name change is effective immediately and will be reflected in all materials as quickly as possible.

Thank you,

Wake Graduate Women in Business

Tuesday, October 27, 2009

Monday, October 26, 2009

Director's Corner ~ Happenings in the MSA Program

Greetings Everyone!

I trust that you are all doing well and enjoying the fact that you are now past the halfway point of the semester! Thanksgiving and Christmas breaks are rapidly approaching. As the end of the semester approaches, things can get a bit hectic and stress levels can increase. Please try to make sure that you are taking time out for yourself and getting plenty of exercise during these crunch times.

I understand that there are many intramural sports teams already set up through the graduate programs. These are an excellent way for you to have something fun to do, besides coursework of course, and to get to know others. If you are not currently involved in these activities I strongly encourage you to consider them. More teams will be forming as we move into the winter and spring so there will be plenty of opportunities for you to get involved.

I would also like to take this opportunity to update you on some important MSA events:

• We will have a Town Hall meeting for all students who have recently joined us from other universities on Sunday, Nov. 1, at 5 pm. Please plan to join me and discuss the transition to Winston-Salem, Wake Forest University services, job searches, and your current course load. We want to hear how things are going for you and hope that you will be willing to share your experiences with us.

• We will be setting up a Town Hall meeting shortly for all MSA students (those who have been here and those new to our campus). We would like to hear about program issues and concerns that relate to everyone and may not be as related to transition to a new place. Please plan to attend this event as soon as it is set.

• We are still looking for MSAs and MBAs to compete in the KPMG Global Case competition. This is an international business case competition and not just accounting so we need non-accountants on these teams as well. To be considered for this you need to have the following dates fairly open: Nov. 20-23, 2009 (WFU team competition); Jan. 22, 2010 (Atlanta trip for national competition ); April 7-9, 2010 (possible international trip to Athens).

Please feel free to contact me anytime at hinsonyl@wfu.edu or 758-5113.

Best, Yvonne Hinson, MSA Program Director

Friday, October 23, 2009

Career Search: Combining Purpose with Passion


As the weekend approaches, I am excited about the possibility of sleeping. In undergrad, naps seemed like a daily necessity. I would go to a whopping two hours of class a day, maybe a 30-minute club meeting, devote a few hours to studying, and still have time to nap before making a hearty dinner. These days I’m in class for five hours a day, usually have up to three hours of meetings and on top of it all…
I NEED A JOB!
I think that is the biggest difference between my undergrad experience and being in grad school. When you’re in undergrad, you aren’t thinking as heavily about your career. Your ‘focus on the future’ is that week’s football game and planning spring break.
Graduate school brings a new challenge everyday. On top of tests, quizzes, papers and assignments, you spend just as much time interviewing, researching jobs and writing cover letters. I think I’ve written about a dozen cover letters this week. I wrote one during my entire four years of undergrad, a general letter that got me three great internships. Of course I changed the date on each of them, and maybe added a company specific sentence to mix it up.
However, what the Career Management staff at Wake is helping me realize is that employers want individuals who know their company and sincerely want to make a life-long career working with them. I never knew how much easier a job search could be if I simply put “purpose to my passion.” When I applied for jobs in undergrad, I mass distributed my resume like it was the New York Times and interviewed with anyone who would listen to me ramble. Recently I’m realizing how key it is to find an organizational fit with a company and make sure they can meet all my needs.
So now I hold my resume close to my portfolio, only peep-showing it to employers I foresee a life-long relationship with, because there isn’t enough time on either end to be wasted on a job I won’t be happy doing. And if a company is so lucky to get a personalized cover letter from me, when I’m sitting in the interview room with their most esteemed human relations generalist, I’m evaluating them just as critical as they are interviewing me.
~ Lauren N. Collins, first-year candidate, MA in Management program, and Corporate Fellow

Thursday, October 22, 2009

A Period of Academic Discovery

Is it really the middle of October already? It feels like just a few short weeks ago that I arrived back on campus to start my journey as an MA in Management. Graduate school has certainly been different than my three years as an undergrad at Wake Forest. Business school has been a whole new ball game for this former History/French student. Talk about jumping into the deep end!

I certainly didn’t anticipate everything escalating so quickly in such a few short weeks – October for the MAs or at least me, has been akin to that one week of midterms undergrad when you never left the library aside from actually going to class – and even then you considered skipping class just to get your work done.

Here, skipping class certainly isn’t an option, especially since with only 40 students, its rather obvious. So thank goodness for classes starting at 11:30 in the morning as opposed to 8! So far the MA program has been challenging but rewarding, and I’ve seen an improvement in not only my basic business skills but also my ability to follow a business conversation.

Prioritizing has taken on a whole new meaning for me, especially this month, as I try to decide whether I want to study for a potential quiz, read the 20-some pages, work on the quant problems, attend one of three club meetings, see my best friends, hang out with my new MA friends, or actually eat and get some sleep. Whew!

My journey as an MA so far has been quite an adventure. I consistently remember Columbus and his belief that he was embarking upon a trip to the Near East, and his surprise at arriving in parts unknown and “discovering the New World.” Well … I certainly won’t compare myself to Columbus and his immense luck, nor do I believe that I will discover anything that is new to a seasoned business person. However, I certainly will admit that I am constantly surprised by what I’m finding in my classes and my journey through school and planned port is changing daily.

Next week looks particularly busy, with PepsiCo reps coming onto campus, club meetings, a debate on the Sherman Act, speakers, and a free “etiquette dinner” being offered to those interested in perfecting their business dinner acumen – and that’s only on the academic side!

~ Jen Ratliff is a first-year student in the MA in Management program.

Wednesday, October 21, 2009

Tomorrow’s Financial Leaders Weigh in on Industry Issues

This was an interesting set of observations included in a newsletter issued by Taylor & Co., an executive search firm. Rod Taylor recently conducted a survey of future leaders in finance, and these are his findings on the top issues faced by the industry.

*****

Throughout the world of financial services, industry and government leaders are making extraordinary decisions in the wake of unprecedented chaos. Inevitably, the next generation of leaders will inherit a new industry paradigm resulting from those decisions.

Too few younger leaders are ready to succeed the multitudes of retiring baby boomers so their career choices will determine which institutions win or lose as the future unfolds. Therefore, to help clients better understand how to attract and retain them, Taylor & Company surveyed over 100 young executives and asked “What are the issues, questions, or challenges facing the financial services industry today that concern you most?”

Here are 10 answers that represent the consensus of survey responses:

Trust
Shareholders, employees, customers and regulators no longer trust the system.
How do we rebuild, regain, and restore faith, trust, and confidence in our institutions?

Talent
There are too few leaders ready to replace the many who soon will retire.
Who will win in the “War for Talent,” and how?

Capital
Real capital has disserted the industry.
What must we do to attract investors with realistic expectations?

Obsolescence
Much of the industry’s existing infrastructure is obsolete.
How can it be transcended without overwhelming losses?

Education
As a new industry paradigm forms, “old school” credit skills are in short supply and badly needed.
The “skill vacuum” requires empirical knowledge beyond academics. Who will teach and train …and how?

Ethics
A get rich quick mentality made many forget the virtues and values of an honorable career.
Can the professional traditions of integrity and loyalty as guiding principles once again be embraced in both policy and practice?

Regulations
A new regulatory system must be practical, integral, efficient, cooperative, and focused on industry reality well beyond the systemic abuses of the recent past.
The rules can change, but can the “rulers” make them work?

Globalization
Global economic interdependence will accelerate systemic integration universally.
How will we engage and/or compete with the much larger monolithic foreign institutions that are positioned to acquire and expand everywhere, including here?

Consolidation
As universal institutions shrink in number, loyalties are becoming even more transient.
What will be the profitable service delivery model that wins and retains loyal, local customer relationships in the future?

Demographics
New perspectives on segmentation are emerging with a dynamic demographic shift in America’s population.
How will market strategists reach multiple segments with superior efficacy and efficiency?

To view the entire newsletter, click here.