Class of 2012-2013 Orientation Photos and the Virtual Cohort Challenge

It’s a fresh semester and that means a fresh cohort challenge. Before we look at the new challenge let’s take a look at the current standings:

Class of 2012

1st – Telegraph (280 Pts.)

2nd – Oski (80 Pts.)

3rd – California (60 Pts.)

4th – Bear (30 Pts.)

4th – Sproul (30 Pts.)

5th – Axe (10 Pts.)

Class of 2013

1st – Shattuck (890 Pts.)

2nd – Haaski (390 Pts.)

3rd – Gold (260 Pts.)

4th – Blue (210 Pts.)

5th – Bancroft (120 Pts.)

6th – Campanile (100 Pts.)

Now after a look at those scores some of you may be wondering how to help your cohort catch up, or how to maintain you cohort’s lead. The answer to that is the Cohort Facebook Challenge. Many of you should have received and email this week regarding the challenge and should be receiving more details from your respective cohort leaders as well. For those of you that don’t feel like digging through your already overflowing inboxes here are the details:

Class of 2012 Orientation

Starting Monday January 30th and ending Friday February 3rd each cohort will earn points daily for every member that is using a photo from their class’s orientation as their Facebook profile picture. HBSA Facebook admins will total the number of daily participants at the end of the week and the most active cohort will receive 800 points.

Let me repeat that 800 points.

That’s enough to put any winning cohort in the lead. This is a great change for any cohort to get back in the game and the best part is that participation in a cohort challenge has never been easier. All you have to do is look at the photos from orientation, find one you like and use it for just this week. That’s it, it takes only seconds to participate and gets your cohort valuable points. Odds are you’re probably logged into Facebook right now so why not follow one of these links and choose a photo you like and give your cohort a hand.

Class of 2012 Orientation: http://tinyurl.com/haasclassof2012

Class of 2013 Orientation: http://tinyurl.com/haasclassof2013

[If you are having trouble setting an album photo as your new profile photo, try this first:

Class of 2013 Orientation

1. Tag yourself first in the photo, go to your profile, and then make it your profile photo.

2. Make sure you are connected to the Haas Undergraduate Program’s Facebook page by “liking” it.

3. If that still doesn’t work, download the photo you like , and re-upload it as your new profile picture.]

And for those of you that may have forgotten what you’re playing for:

Jim Block

The prize for the members of the winning senior and junior cohorts is a personal professional photo shoot, shot  by the same individual responsible for these orientation photos as well as many other amazing Haas photos, Jim Block.

The title of top cohort is still up for grabs, and it will be interesting to see how the current standings have changed by the end of the semester.

Good luck cohorts.

Net Impact Berkeley attend Annual Net Impact Conference in Portland

Note: This post was uploaded on behalf of one of my awesome bloggers, Valerie Liang. – Catherine Limcaco, Senior Media Manager

 

This year, the annual Net Impact conference took place in Oregon, drawing undergraduates, graduates, and professionals together for a weekend of discussion and exploration revolving around a single question: how can leaders use business to benefit not just the bottom line, but the people and planet as well?

For the 15 students that went as part of the Net Impact Berkeley undergraduate chapter (the Haas MBA chapter sent 50!), our Friday began with waking up at 6:30 am. Other undergraduate chapters in attendance included Indiana University, New York University, and USC among others.

There were seven different sessions where attendees could choose different panels to attend in each session. Despite the plethora of topics covered, I decided to focus on the topic of impact investing. While Net Impact Berkeley has mainly a focus on consulting for companies on issues related to corporate responsibility or sustainable business practices, I thought it would be a good idea if a club on campus focused on impact investing. While a relatively new concept to the mainstream investor, the panel focusing on impact investing during each of the seven sessions was completely packed.

David Chen, a speaker for my first panel and the moderator for one of my later ones, was particularly inspiring. As an impact investor for Equilibrium Capital, he explained his views on the finance industry today and how important impact investing would become. He had recently interviewed the CEO of Federaline Investments, which manages over 20 billion in assets who told him that that sustainable investing would soon be the dominant form of investing. He emphasized that while impact investing was considered an asset class on its own, seeing as how impact investing was associated with philanthropy therefore investing at a loss. That is not the case today. Several other panelists throughout the conference concurred on this point.

The conference had hundreds of sponsors, including major companies like Boeing, Johnson and Johnson, as well as its main sponsor Nike. Free stuff is always nice, but Fedex had a fleet of bicycles at the event for participants to rent out for a couple hours and see the city. The ride came with a nice, bright orange Fedex water bottle as well. Unfortunately, this story ends here, as we did not get a chance to ride the bicycles, as there were other priorities as the end of the day.

All in all, I flew away from Portland with a cool water bottle that looks like a small plastic bag and a better sense of what I want from my career in business aside from the bottom line.

For more information on Net Impact Berkeley visit: http://niberkeley.org/undergraduate/

- Valerie Liang, Class of 2013

 

Haas Alums Share Their Networking Dos & Donts

Still having trouble making connections and finding opportunities? Well you’re not the only one. As recruiting season comes to an end, many students are fortunate to have received offers while others are still in the process. Whether you’re in one group or the other, don’t give up. From networking to achieving a positive interview experience, these Haas alums have been there and share their advice below:

 

Kevin Crow BS 93’ Show enthusiasm! Show energy! Interviewers aren’t just looking for highly qualified people they want to know how well a potential candidate will fit in their organization and if they can drive results. Too many interviewees are overly timid and the same applies for networking. Energy will get you a long way. Don’t just ask to exchange contact information. That doesn’t qualify as ‘networking’. Leave an impression and gain an impression. Develop relationships. Book quarterly 1-1s on your calendar early and keep them!

 

Kimberly Lacovella BS 02’ One bit of advice I would give is to try to not attend networking/recruiting events with anyone (i.e., good to go solo), so you’re that much more compelled to establish connections quickly

Nicholas Livingston MBA 14’ Have a complimentary professional online presence. This can be a portfolio, a blog or even a track record of meetups or organizations you’re involved with. Employers want to know that you’re truly interested in your industry and that your job is not simply a 9-5 commitment. These outlets not only show you’re more than your resume, but they are more ways in which recruiters can find you. Many employers are no longer relying on the traditional job boards (Monster/Careerbuilder/Hotjobs), so it’s important that you can be found through other online channels. Think about SEO and building your own unique brand.

Hilary Weber MBA 93’ One piece of ad vice is to be thinking (and asking) “What can I do for you?” versus focusing only on finding what you are seeking (a job, connections, etc.). If you are open and generous with people, you will be well received, conversations will flow easily, and no doubt, along the way you will learn about opportunities and connections that will help you. Think “Win-Win”!

 

 

David Rodriguez BS 08’ This may be a bit pedestrian, but industry events (ie, panels, speaker series, ‘best practice’ type seminars) are all good places to meet people and start conversations. One thing I like to do is learn something about someone’s interest (or company) and if I run across an article of interest I’ll email it to them, and just ask how things are going. No clue if thats what your lookin for but hope it helps!

 

 

Annie Lau BS 10’ I came across some awkward moments during networking and recruiting even now as a first-year Master. I think the best way is to enjoy the conversation. Really get to know the person, don’t see it as “networking” to try to get a job, rather, enjoy the conversation and maybe you will find something interesting about the person, the company and the job. I also find hard to get out of the conversation especially when people are paying so much attention, but it’s totally fine to leave the conversation and say you would want to talk other people, the recruiter/employers will totally understand.

Mauri Schwartz MBA Here’s at tip for getting started at a networking event – Scan the group for someone who is standing alone and go up to that person and introduce yourself. They will really appreciate it and you’ll be on your way. Also, even though it’s sometimes difficult when you’re nervous, smile. This goes for interviews and networking events. When you’re on your way to an interview, smile and say hello to the person sharing your elevator. They will smile back and you’ll both feel better. I have more helpful tips to interview and network successfully.

Remember these 2 points of etiquette:
1. If the person has agreed to give you a set amount of time, such as 20 or 30 minutes, you should keep track of the time. When you’re near the end, say, “I see we’re approaching the end of the time you scheduled. May I contact you again in the future? Thank you so much for your time and insights.” There is a chance that the person may say that they have more time, but don’t let the time slip by and hope they don’t notice.
2. Always send a thank you email immediately after the conversation.

Jerry Lin BS 99’ Go out and make friends because you’ll never know where it will lead you. Don’t be too serious and don’t let the venue scare you. Meet some people with common interests and be sure to stay connected. Ask questions and tell some stories that will help people remember you. Most importantly, have some FUN! Your career will always continue to evolve. There is such a vast number of opportunities available to you. Go out and find the people you love to be around who are doing what you would like to do. Life is LONG so be sure to find people you want to spend it with. Your careers will shift and your area’s of interest will always be changing. Go out and make some friends (NOT CONNECTIONS) and don’t get caught up in the “Networking” stigma.

Chareen Goodman, PMP BS 86’  It’s all about the lifestyle! First, know what you want out of life and write a job description that reflects that. Make that your goal. Search out people you can talk too. If you’re “shy” begin with the people you know. But get over the “shy” thing quickly. You have too much potential and too much value to offer this world to let “shy” get in your way. Conduct informational meetings – NOT INTERVIEWS with people at companies you are interested. Have an engaging conversation with them. Ask questions about the company, where it’s going, it’s challenges, the culture, etc. What do you want to know so you can make a determination if that is a company you want to spend time at. Afterwards, spend time reflecting on the conversation. What were the nuggets? What experiences do you want to gain, are they at this company? Will they be? I could go on and on, but that may be enough to get people started :)

Ed Chen BS 99’ Do lots of informational interviews to figure out what you really want to do. It’s easy to fall into a career path because it’s popular or it’s what your peers are doing, but is it really right for you? Do you really click with the people you’ve spoken with? Even within an industry, there’s far more diversity between firms than you’d expect. Figure that out before you commit and you’ll be much happier.

HBSA Elections: Candidate Profiles

Starting on Monday November 14th, 2011 and running until Friday November 18th, 2011, the Haas Business School Association (HBSA) will be hosting elections for their vice presidential positions. Since the elected officers will be serving the students of Haas, all undergraduates are invited to cast their vote for next semester’s HBSA officers. Voting materials as well as the ballot box can be found in the lower part of the Bank of America Forum between 11:00 AM and 3:00 PM. The HBSA Vice Presidential candidates have provided some background information on themselves for the Haas Undergraduate Blog, and that information is presented here for your benefit.

Candidates for Vice President of Community Development

 

Natalie Yadegar

Name:  Natalie Yadegar

Class Of: 2013

Personal Statement

Greetings fellow Haas classmates! My name is Natalie Yadegar and I am thrilled to be running for Vice President of Community Development within the Haas Student Business Association. Upon arriving at Berkeley, I was quickly exposed to a world of extraordinary networks and brilliant individuals. I have come to deeply value the privilege of being surrounded by a truly extraordinary community of kind-hearted, hard-working, and intelligent people. As a junior at Berkeley, double-majoring in Business and English, I am passionate about several things, including music, writing, innovation and entrepreneurship, and building meaningful relationships. As VP of Community Development, I aim to build a sense of camaraderie among Haas students and create opportunities to develop life-long relationships with fellow classmates.  In the midst of midterms and the past-paced nature of Cal, I hope to inspire solidarity within the Haas Community and positively strengthen our network at Haas.

Candidates for Vice President of Diversity

 

Omosalewa Adeyemi

Name: Omosalewa Adeyemi

Class Of: 2013

Personal Statement

 My name is Omosalewa Adeyemi and I have been an active member of HBSA for four months now . I have been interning for the diversity committee. The diversity committee of HBSA recognizes that we have a very diverse student pool at Haas and our primary function is to celebrate this very diverse culture.

I am accepting the HBSA VP of Diversity Committee because I would like to be more involved with the committee. Being a part of this committee is important to me because diversity fosters creativity and creativity is essential to our individual advancements as well as societal advancement. As VP of diversity, I plan to celebrate and encourage a diverse community.

Go Bears!

Candidates for Vice President of Internal Development

 

Andrew Yassa

Name: Andrew Yassa

Class Of: 2013

Personal Statement

 My name is Andrew Yassa and I am a continuing junior here at Cal, majoring in Business Administration and Applied Mathematics. I love to travel, explore, and meet new people. I am an avid golfer and enjoy taking long, aimless bike rides around Berkeley. In the future I aspire to work in S&T, but in the meantime I want to make the most out of my time here at Haas by being active in the community and by building strong bonds with faculty, with staff, and of course with all of my fellow Haas undergrads. If you are taking 196 with Selinger this semester, drop me a “hello” before or after class— it is always nice to get extra feedback on the course or just chat with classmates.

Candidates for Vice President of Student Services and Outreach

 

Grace Marlin

Name: Grace Marlin

Class Of: 2013

Personal Statement

I came to Haas this fall, hoping to learn more about starting, and running businesses, so one day I can have my own.  The longer that I am here, the more that I have been learning about the complexity of the world of business, as well as the opportunities that are in it.  I have grown very passionate about ensuring that other students have the same opportunities as I have had here at Haas.  This is why I want to help incoming students prepare for the journey that they will take upon arrival.  It is a bit overwhelming at first, with everything coming to you at once.  I joined HBSA my first semester, and have served as an Intern on the Student Services & Outreach committee.  As I have observed, there are a lot of opportunities within HBSA, and I hope to take advantage of them and make them available to the whole student body.  Therefore, I accepted the nomination for the Vice President of Student Services & Outreach.  One of my main projects would be to create a program that would assist incoming students in their adjustment to Haas.  I would work hand-in-hand with administration to ensure that all the resources that are available would be tapped in to.  I am always available if you have any questions.  Thank you!  – Grace

Tyler Wishnoff

Name: Tyler Wishnoff

Class Of: 2013

Personal Statement:

Since arriving at Haas I have been continually impressed by the knowledge and character of the school’s student body. There is no doubt in my mind that each and every student at the Haas school will go on to do great things, not just for themselves but for the world. It is the brilliance of Haas’ students which drove me to accept the nomination for Vice President of Student Services and Outreach, and it is that same brilliance which pushed me to do everything I could to improve your Haas experience this semester. For the last four months I have worked as an intern for the HBSA’s Student Services and Outreach committee as well as their Professional Development committee helping to host fun and informative events at the Haas school as well as improve current student services. Also my participation with the Haas Undergraduate Blog has let me put together informative articles (such as the one on the Haas curve) that could keep the student body more informed and involved. All of this has been fueled by my passion for helping make the lives of Haas students easier, so that they may have the support and the resources to continue to be the awesome people I know they are. If elected as Vice President of Student Services and Outreach I will continue to uphold my commitment to the students of Haas and do everything in my power to make your Haas experience unforgettable.

Candidates for Vice President of Marketing

 

Alan Cheng

Name: Alan Cheng

Class Of: 2013

Personal Statement

Dear Friends at Haas,

I am truly genuinely honored to have accepted the nomination for Vice President of Marketing of the Haas Business School Association. I hope to serve in this position because of my willingness to learn and enthusiasm. As a junior, I have still got a lot to learn from all of you, and I am willing to work even harder to learn from other experienced executive officers. If elected, my action plan is to first consult the current VP of Marketing about any on going projects that she would think is necessary for me to carry on doing. Then, I would seek the advice of other executive officers and see in which area they think I should address in order to go in line with the team’s executive direction. For marketing products, I would hope to continue promoting Haas through the popular T-shirts. For social media marketing, I would work closely with the Haas Undergraduate Programs and see whether we can make good use of all possible channels to promote Haas values and events. I promise that I will work hard to serve you all to the best of my ability, pull overnighters if I have to, because I believe it with Adidas and Nike that – Impossible Is Nothing, I will Just Do It!

When you vote, please kindly remember:

Vote for Alan,

Vote for Commitment!

 

Candidates for Vice President of Professional Development

Corey Elliott

Name: Corey Elliott

Class Of: 2013

Personal Statement

 NONE PROVIDED

 

 

 

Those are your candidates for the 2012 Spring Semester, if you have any questions regarding the election, members at the HBSA voting table will be more than happy to assist you. Also if you require additional information on the candidates, informational packets are located at the HBSA voting table.

Mid-Semester Roundup: Cohort Point Totals

Halfway through the semester and it’s time to take a look at the cohort standings.  For those interested in learning more about the cohort program keep an eye on the Haas Undergraduate Blog. The blog’s very own Kristen Kerler is working diligently to have an informative piece on the cohort program up soon.

That said, let’s take a look at this semester’s completed HBSA cohort challenges so far:

HBSA And Cohort Attendees

The Memorial Glade Cohort Challenge

Held on September 17th, this fun filled day of physical activity proved to be a fantastic opportunity for Haas juniors to network with seniors. The 2012 senior cohorts competed against the 2013 junior cohorts in a winner take all competition for cohort points. The advanced years of the senior class were apparent as the younger and spryer junior class managed to best them in every competition. When the dust settled and the points were distributed both sides joined together to enjoy food and a near endless supply of icebreaker games.

The Dean’s Undergraduate Reception

Dean Rich Lyons

This year the Dean’s Undergraduate Reception (held on October 13th) had the greatest student turn out in the school’s historyallowing the cohorts to scrounge up plenty of points from this event. In the end the 2013 Blue cohort supplied the most attendees and took home an extra 50 points for their troubles. The Haas Undergraduate Blog covered this event in depth and you can read more about it by clicking here.

Rocksmithn'

Ubisoft Rocksmith Launch Party

The October 21st Ubisoft Rocksmith Launch Party was an evening of excitement as Ubisoft filled the Wells Fargo room with consoles, monitors, and copies of their new game, Rocksmith. Members of Haas’ cohorts competed against each other in an effort to prove their cohorts guitar-playing prowess. The evening went to the 2013 Campanile cohort who destroyed the competition and snagged a rockn’ 50 points which brought them into 2nd place among the 2013 cohorts. The  standings are as follows:

Class of 2012:

Telegraph: 130 Points

California: 40 Points

Bear: 30 Points

Oski: 30 Points

Sproul: 30 Points

Axe: 10 Points

Class of 2013:

Blue: 160 Points

Campanile: 140 Points

Gold: 100 Points

Bancroft: 80 Points

Shattuck: 80 Points

Haaski: 60 Points

This is still anyone’s game. The HBSA and Haas’ cohort leaders are working to put together even more fun and engaging challenges. Coming up next is the 2011 Cohort Canned Food Drive, a chance for students to go beyond themselves and also

Your Next Mission

take the lead in points. Dresden John was nice enough to set up a cohort points tracking website (you can view it by clicking here) for anyone interested in keeping up to date on the current point totals. The food drive will begin on November 9th and last until November 23rd. keep an eye out for an email from your cohort leaders with more information.

Jim Block

So that’s where we stand, and it will be interesting to see if the cohorts at the top of the leaderboard keep their spot. For those of you still wondering what you’ll be fighting for, the prize for the winning 2012 and 2013 cohorts this semester is a professional photo shoot (taken by Jim Block) for each member of the winning cohorts.

For those with more questions or concerns regarding the cohort program or suggestions for possible future cohort prizes, feel free to share them in the comments section below.

Recap: The Dean’s Undergraduate Reception

On Thursday, October 13th, 2011, the Haas School of Business hosted the Dean’s Undergraduate Reception.  The event only lasted an hour but was filled with valuable information and personal insight from Dean Rich Lyons as well as other members of the administration and the career center.

Dean Rich Lyons

Dean Lyons started off the reception by explaining the state of the school. He touched first on two main points, higher costs for education and what’s changing with the undergraduate program. On the subject of higher costs he pointed out that even with cuts to higher education from the state of California, Haas hasn’t cut a single course, and in fact its added more. His view is that this is “not the time to be disinvesting and rolling things back,” and that maintaining and expanding services continues to be a goal of the Haas School. The new printing fees this year were also brought up. Apparently when it was free to print, printing was out of hand. Instead a credit was put in place that the school believes should be sufficient for students as long as they’re printing school-related material.

In regards to expanding and investing in the undergraduate program Dean Lyons stressed how integral student feedback and spring surveys are to improving the Haas experience, citing the shrinking of class size a result of that feedback. Dean Lyons also promoted the experiential learning workshops the school has been hosting in an effort to give students an opportunity to learn by doing. He went on to say that there are plans to expand on this program.

The Dean went on to discuss the value of cohesion in learning, saying that the cohort system exists to encourage that cohesion among members of the undergraduate class. He sees cohorts as a chance to build “relationship capital” and give students a list of “people you’ll be able to call” later on in life to help you build your network. He also recommended student usage of the Campusgroups website along with keeping informed through the Haas Undergraduate Blog.

At this point the Dean moved on to talking about new courses that will soon be offered: Diversity in the Workplace (which satisfies the American Culture requirement), a course titled Leadership, Purpose, Authority, and Empowerment as well as two additional courses being offered next semester which includes an Energy Environmental Market course and a course on Game Theory and Negotiations.

The investments in education made by the Haas School were also explained, in particular the Center for Teaching Excellence that was created out of a one million dollar gift to the school. The program is currently two years old and has been working to improve the quality in both the faculty and the GSI’s. The Dean then talked about school funding and where it comes from. He mentioned that with only 10% of California’s state funds going to higher education, Haas now relies on financing from Alumni and philanthropy more than ever.

Following that a topic of much discussion was brought up by the Dean, The Haas Curve. He explained that there were three main rational that went into the decision of enforcement of the Curve this year.

  1. Before the enforcement of the curve there was a radical difference in grade distributions across undergraduate courses.
  2. There were similar distributions across most of the MBA programs as well.
  3. There was a feeling that lax grading policy at the school would lower standards in the classroom.

Erika Walker

The Dean did admit that undergraduate students were underrepresented in the decision making process and called upon Erika Walker to discuss the curve further. Information given by Ms. Walker was very similar to the information provided in the Deconstructing The Haas Curve article on this site which can be found by going here. (NOTE: Things have changed recently with the Haas Curve The Haas Undergraduate Blog will provide an update when it becomes possible).

The expectations of the Haas School and its defining principals were also discussed. After reminding the students of the school’s zero tolerance policy for cheating, Dean Lyons promoted the school’s defining principals as a major selling point for Haas students in today’s job market, explaining that recruiters (such as those from Morgan Stanly) have taken notice of the school’s culture. He also mentioned that these principals are useless if the school doesn’t choose to live by them, and that Haas is doing what it can to encourage the students to carry on the principals that make up the programs foundation.

After this the Dean stepped aside and let the career center’s Tom Devlin and Paul Savage talk about the current job market

Tom Devlin

Paul Savage

and ways for students to improve their chances of landing a job post graduation. Tom Devlin informed those present that the job market is looking fairly good for Haas graduates, all things considered, and that recruiters are actually increasing their recruitment efforts. He also mentioned that there would soon be a “cool” new career center opening in the near future. Paul Savage promoted the career center’s ongoing efforts to help students at Haas find employment by the introduction of the career lounge as well as with offering employment counseling on site at the Haas School.

Next Meg Roundy, the associate director of Student-Alumni relations took a moment to

Meg Roundy

express the importance of students building their networks as soon as possible and gave information on Haas@Cal and the usefulness of having a LinkedIn profile along with making use of both of those sites.

Finally Dean Lyons closed the reception by reiterating the importance of giving back and staying involved at Haas, so that the school can continue to create, as he puts it, “path-bending leaders.”

Deconstructing The Haas Curve

Credit for this article is also due to Ashley Mello.

On August 18th, 2011 the new and continuing students at the Haas School of Business received the following email:

“Dear Undergraduate Students,

 We would like to inform you of the changes in the Haas grading policy. The faculty at the Haas School of Business have voted in favor of implementing a consistent grade distribution across all degree programs…. All instructors who teach Undergraduate courses will be required to follow this grading policy”

 Along with this email came the new curve breakdown:

10% A+/A; 15% A-; 20% B+; 25% B; 15% B-; 10% C+; 5% C or below.

A week after receiving the email classes began.

Many students were caught off guard by this policy, and some began to question if they’d made the right choice coming to Haas considering the curve. Since the Fall semester started not a day has gone by without seeing or hearing mention of the curve around campus or online. Concern has spread throughout the student body even to the point where some undergraduates are suggesting a petition against the policy. In an effort to inform the students at Haas, the Haas Undergraduate Blog interviewed the school’s Undergraduate Executive Director, Erika Walker.

The Origins of the Haas Curve

Several students have asked the question, “Where did the curve come from?” According to Ms. Walker Haas has had a curve for as long as most people can remember, but the one most students are familiar with comes from a 2006 curve recommended for core classes, it’s also important to note that the curve breakdown isn’t arbitrary but based on an average of historical Haas grades.

The reason for the curve’s enforcement this year has led to speculation. Some claim the curve is being enforced to better serve business recruiters, while others claim the goal of the curve is to promote the same competition at Haas that is present in the business world. Neither though are the real reason, according to Ms. Walker the enforcement of the curve was at the request of the students and the faculty. Previously some professors had been instituting the curve while others were not. This inconsistency prompted student leadership and faculty to request an enforcement of the curve in hopes of establishing conformity in the grading policy at Haas.

This matter was brought up with the Faculty Policy and Planning Committee (P Squared), a faculty organization, who investigated the grading inconsistencies at Haas. P Squared acknowledged the problems presented to them by the faculty and students and established a curve that reflected the average historical grade breakdowns for Haas classes. After formulating a curve a vote was held among the faculty to determine its enforcement. The vote passed and it was put into action at the start of the 2011 Fall semester.

Some have asked why the curve was implemented in the Fall semester and why with such short notice. The answer to that, Ms. Walker states, lies in how the policy was written. According to her the policy was created to go into effect at the start of the Fall semester, partially because beginning in Fall would allow for a whole school year worth of assessment. The short notice was a result of the policy being voted on at the end of the 2011 Spring semester. Implementation of the curve needed to be vetted, but because the decision came at the end of the semester, (already a chaotic time for the staff) and because members of the faculty were gone over the summer, an early announcement was impossible. Not until August when everyone had returned was the policy finalized, at which point the students were informed as soon as possible.

The Haas Curve: Pros and Cons

 It’s important to remember that the curve wasn’t an administrative decision; it was a faculty decision that was also requested by student leadership.  At the heart of this policy is the desire to create more uniformity in grading at Haas and to help improve the Haas experience for students.

Many don’t feel that way, claiming that the curve promotes a competitive atmosphere and creates stress as students are forced to keep an eye on how their fellows are doing in an effort to stay one step ahead. Ms. Walker acknowledges that this is a major concern and that the school will be closely monitoring the impact of the curve over the course of the year in order to evaluate its effectiveness. She also notes that the curve itself is based on historical breakdowns, this means that the curve reflects what average grade distributions looked like in the past. In that sense the curve should have very little effect on how well students are going to do in their classes, as they would have most likely received the same grades anyway. Of course the stress of the curve system may have a negative effect on performance and lower the grades of some as a result, but this is being looked into.

Despite the grade lowering stress that may come with the curve, there is a benefit for the students. The curve actually promotes higher grades than historical averages. This means that students may find themselves better off than they would have been under previous curves. Under older curves the average GPA for students was 3.0 for core classes, now it’s 3.12.  It should also be mentioned the mean for electives did drop slightly down to 3.4. Ms. Walker noted that while elective GPA dropped it shouldn’t be the cause of too much concern as most students take electives they’re interested in and as a result tend to do quite well. In that regard the curve rewards hard work in elective classes by combating grade inflation.

Grade inflation is both good and bad. It’s good if you want to maintain a high GPA, however you’re not the only one ending up with that GPA and in the long run grade inflation creates a lot of well off but indistinguishable students, at least that’s the argument. Grade inflation is bad because it doesn’t reward hard work, and that was a complaint many students had under the old Haas grading system. Under the old system students would work diligently in their classes only to discover they received the same grade as a student who did noticeably less. The students and the faculty wanted to have a system that rewarded that hard work and the new policy helps to do that with its grade breakdown.

Of course by combating inflation and only awarding the top grades to the very best students, fear of a more competitive Haas environment seems reasonable. Some students have stated that this is a good thing and that, in one student’s words, it “accurately reflects the highly competitive nature of the business world.” While Ms. Walker admits the curve does prepare students for the real world, where you have to similarly work hard to outshine your coworkers to better your performance reviews, she does admit that stress and cut-throat competition associated with it is not something Haas desires. Again she points out that the effect of the curve on grades won’t be that significant and if anything they’ll be higher. In regards to the creation of a highly competitive environment, that Ms. Walker notes, has been a concern raised by both students and faculty and will be an important factor in the policy’s overall assessment.

What Can Be Done About The Curve?

 Regardless of the proposed benefits associated with the curve, many students still dislike it and wish to take action.  Unfortunately Ms. Walker claims that “when faculty makes a decision, policy is policy,” and because this wasn’t an administrative decision it can’t simply be petitioned. Ms. Walker and the entire administration welcome student input. It warrants restatement that the policy is in review, and its effect on the students this year will be scrutinized as more and more data is collected. Part of that data consists of student insight, and firsthand accounts of the impact of the curve. Therefore the most effective action students can take to combat the curve is to speak up, meet with administration and faculty, and learn as much as they can about the curve so that they can make a strong case for what parts of the policy don’t work. Amendments to the policy are possible and with enough student input changes can be made.

Like it or not, the policy will be here in some form for at least two years. It’s possible that upon review the policy will be revised or done away with, much like the old policy of holding all core classes in Anderson auditorium. It’s also possible that as students settle in this semester they’ll learn to work with the curve and manage to have a successful (if not a somewhat stressful) time at Haas.

For those wishing to learn more about the curve, the Haas School of Business is in the process of putting together a FAQ that should help to further address the concerns of the students. If you still have unanswered questions feel free to post them in the comments section below and The Haas Undergraduate Blog will work to get you the answers you deserve.

EDIT: Well it looks like change comes rapidly at the Haas School. This week an amendment was made to the curve. There will no longer be a forced distribution of grades for core courses and the mean GPA has been moved up to 3.2. Elective courses will remain the same.  The Haas Undergraduate Blog will provide more information when we get it.

EDIT #2: The FAQ is up and you can find it by clicking here.

Ten Reasons You Should Study Abroad

Where would you like to study abroad? Would you fly off towards the sky scrapers of Hong Kong, the Argentine Tango dancers in Buenos Aires, or the ancient ruins of Rome? Great, now what are you waiting for?

I didn’t study abroad, but I interned. I spent spring semester of my junior year at the US embassy in Madrid. I learned about US international commerce policies, facilitated extradition cases, learned how to write a political memo, and now understand every type of visa. Not the internship you’d typically expect for a business student–but the professional atmosphere and overseas experience made loading up on units my other 3 semesters at Haas completely worth it.
The value of “the abroad experience” is tenfold, so here are MY ten reasons (in no particular order) every Haas student should try to study (or work!) overseas.
1. The Food. Going abroad is delicious, simple as that.
2. “Cultural understanding”Not a fan of the phrase, but basically, your mind broadens. Consumer preferences in Sao Paulo differ from those in New Delhi, contracts in Shenzhen may not hold the same significance as they do in the US, and in my opinion, Spain should take the course “Entrepreneurship & Innovation”.
3. To TravelLiving abroad gives you a great base to explore nearby cities or even countries. Europe is well connected by low cost airlines, South Asia is covered by train tracks and its nearly impossible to run out of beaches in Australia.
4. Learn a Language.Immersion is the key to solidifying a new language, opt to live with a host family! Keep in mind that employers value Mandarin, Arabic, and Portuguese speakers more than ever before.
5. Personal Finance in Practice.Don’t be the one calling Mom and Dad half way through the semester. Create a budget, stick to it (at least try to) and use your student ID for everything possible. Also, take the exchange rate into consideration when you pick your destination!
6. The Global Management ConcentrationCheck out the specific class and unit requirements, but studying abroad is one of them! Haas International Study Website
7. Employers Like ItGoing abroad shows a willingness to take risks and interact with people from other cultures. A potential employer now knows they can send you to one of their international offices too!
8. The Learning Never EndsThere is so much opportunity to learn outside the classroom – Museums, National Parks, preserved monuments… Learning about Renaissance artists in the plazas of Florence or the influence of the Ming Dynasty while wandering the Forbidden City just doesn’t compare to reading about it from an over-priced textbook.
9. The People You MeetLet yourself be inspired by your new friendships, the tour guides that live to share their passion for Parisian art with you, the backpacker at your hostel thats been on the road for 10 months, and the restaurant owner that patiently lets you practice your language skills….Next thing you know, your network will have gone global!
10. To take Pictures   
My eleventh (and arguably most important reason–tied with food) would be “The Fun Factor.” We’are all ambitious and hard working individuals, but I believe its also necessary to know how to embrace the “work to live, rather than live to work” mentality.
If you are considering going abroad, make sure to attend the Haas Study Abroad Info Sessions on September  30th and October 21st at 3pm in Room S489. I hope you’re convinced!
*All photos were taken by Alicia Salmeron.

Alicia Salmeron, Class of 2012

 

 

Food Entrepreneurship: Surviving the Recession—Strategies to Remain Profitable in Hard Times

Note: This post was uploaded on behalf of one of my awesome bloggers, Alicia Salmeron. – Catherine Limcaco, Senior Media Manager

There wasn’t a moment of hesitation when I registered to attend last week’s Entrepreneurship Forum on “Food Entrepreneurship: Surviving the Recession, Strategies to Remain Profitable in Hard Times.” I am very much influenced, motivated, and obsessed with food, so it naturally made sense.

During the first hour of the event, guests walked around the Bank of America Forum and tried different types of jerky, vegan cookies, oatmeal, chocolate, hummus, cupcakes, samosas, and granola. Bay Area entrepreneurs served their innovative products with those in attendance, promoting their business and sharing their unique stories. There were about a dozen food companies, including 18 Rabbits, That Takes the Cake, Slow Girl Foods, Kraze Jerky, Derrick Sky, Casa de Chocolate, Fava, and Sukhi’s Gourmet Indian Foods.

I’m not going to admit to how many red velvet cupcakes I actually ate—but after a certain number, I headed to Andersen Auditorium to listen to the panel discussing food entrepreneurship during tough economic times. The three panelists were Bob Burke, Joel Gott and Noah Alper. Yep, THE Noah, founder and former CEO of Noah’s New York Bagels. I found the panel to be extremely interesting and educational.

Here are 6 random takeaways from the panel discussion:

  1. San Francisco is one of only two cities that require restaurants to provide full benefits for fulltime employees with paid sick days and healthcare.
  2. Groupon is great to drive immediate traffic, but Groupon customers generally give lower ratings in online reviews.
  3. Don’t discount your core product—it will never recover.
  4. The recession improved the restaurant labor force and service quality because employees are over qualified and working harder to hold onto their jobs.
  5. There are approximately 3500 restaurants in San Francisco. That means a ridiculous number of competitors for those of you thinking about the restaurant or food industry in the Bay Area. This is the highest ratio per capita than all of the United States.
  6. Social media is here to stay in the food industry as well—better embrace it or lose out to your competitors.

Food start-ups are undeniably hot—and pushing through despite the difficult economic climate. I noticed throughout the evening that most all of the up and coming companies followed certain trends—their products were innovative, healthful (except for my cupcake stakeout of course), and paid attention to the freshness of ingredients and artisan presentation.

I believe that the Lester Center of Entrepreneurship holds the most interesting and stimulating events. I urge all students to take advantage of these great learning opportunities. The next event in the ‘Best Practices Series’ will be on October 25th and is titled “Intellectual Property for Entrepreneurs”.

Representatives from 18 Rabbits Granola and Bars

Haas Undergraduates enjoying samples from Sukhi's Gourmet Indian Foods

Haas Student Shaun Mullen with That Takes the Cake's co-founder Keisha Williams

Alicia Salmeron, Class of 2012

Experiential Learning Workshop Series: Financial Statement Analysis and Financial Interview Preparation

On September 18, 2011, the Haas School of Business held the second workshop of the fall semester, “Financial Statement Analysis and Financial Interview Preparation,” hosted by Trevor Nelson of Training the Street. As the world’s leading provider of instructor-led courses in financial modeling and valuation training to Wall Street investment banks, private equity firms, and business schools, we were honored to have Training the Street host a workshop at our school.

As a person who doesn’t have much experience in analyzing financial statements, I signed up for this workshop hoping to expand such skills, which will be necessary for my desired career path of consulting. While the workshop was geared a bit more toward the investment banking side, I felt as if every individual was able to gain valuable information from attending this workshop, no matter which career path they were looking to pursue.

There were two parts to the workshop: the financial statement analysis portion followed by preparation for the financial interview. The main goals of the financial statement analysis section were to introduce financial terminology, financial statement analysis approach, and assist students seeking employment in related fields. This was a perfect refresher for seniors right before recruiting started, and a great introduction for incoming juniors. Trevor did an outstanding job in keeping students interested, engaged and informed.

The second half of the day was my favorite portion of the workshop: the financial interview preparation. Again, while this was geared more toward financial and investment banking interviews, all concepts, ideas, and models presented could be applied in virtually almost every type of interview. The ultimate purpose of this part of the workshop was to help students prepare for financial interviews, adjust and improve the interview preparation process, and to help empower students to get offers. We discussed everything from key “fit” interview questions to the difficult, and often dreaded, technical questions. We examined potential difficult interview situations and learned how to handle them with confidence and certainty. Overall, I would recommend this workshop to any student looking to become involved in the business world.

Now, some perspectives of the workshop from other participants:

 

 

“I think Haas by far is doing a wonderful job in regards to providing relevant, valuable resources for its undergrads to prepare for the real world. The Training the Street workshop gave us an idea of what we will encounter, which in turn will help us prepare and be ready to face real world problems with solutions.”

–      Christine To, Business Administration, 2013

 

 

 

 

 

“Training the Street brought a solid facilitator and presentation. The material could benefit anyone in the current or future OCR cycles. Thinking analytically about the interview process with an experienced professional was beneficial.”

–      Tommy York, Business Administration, 2013

 

 

 

 

 

 

“Training the Street provides a well structures training session that lays a solid foundation and helps refine knowledge in accounting and finance. Instructors are well prepared and pay close attention ensuring students comprehend the material at hand. TTS has been the most helpful tool for preparing for an interview.

–      Jeff Rizzo, Business Administration, 2012

 

 

If anyone has questions or comments regarding this workshop, future workshops, or any of the material covered, send me an email at ashleymello@berkeley.edu. I will provide you with answers and valuable resources! Have a great weekend!