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Wharton Outside the Classroom: Spotlight on Follies

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After the grueling time students have during DIP week and the subsequent weeks afterwards catching up on coursework, students are given a special treat - Wharton Follies. 

Wharton Follies is an annual show performed by a live band, actors/actresses and singers/dancers all from the Wharton community. The show pokes fun at our Wharton classmates, professors and administrators, and even other b-schools. The experience shows just how not-so-seriously we take ourselves and how the Wharton culture thrives on its sense of humor and fun-loving spirit.

This year, our Follies team gave us a great show with the theme - “It’s a Whartonful Life” which followed the school’s founder, Joseph Wharton (JW), as he was building the best business school in the world. Here are a few videos that really had some great LOLs:

  • Joseph Wharton Joins Facebook: Of course JW would have to join Facebook as that’s the preferred method of communication for business school students. And what better way to advertise your new business school to the world than through social media? You’ll see JW’s pictures of epic parties such as Wharton 54, his hilarious status updates and which b-schools he ‘ignores’ a friend request for *coughColumbiacough*.
  • MBAs Assemble a Malm bed from IKEA: With the largest YouTube views from this year’s Follies videos (over 33K!), this video plays to the stereotypes of students at various top business schools as they attempt to assemble an IKEA bed. Direct quote from an HBS student and Facebook friend of mine, ”I think they nailed HBS. GSB can’t be *that* crunchy, it’s still a b-school after-all. Too many CEOs in the kitchen.”
  • Whartonol: The first FDA drug approved to help students transition into Wharton. Why would we need Whartonol you ask? Decreasing anxiety for cold calling during case discussions, increasing alcohol tolerance, and the only drug that actually makes Wharton comedians funny.

For more hilarious videos from this and past years, check out this link.

Keep in mind these videos supplement a full-scale, 3 hour Broadway-like show that’s sponsored by HBO and Bain & Company. If you’re attending a Wharton welcome weekend soon (congrats!), you’ll get a snippet of the show during that time and you can see a full-scale version of the show in mid February.

Zainep Mahmoud

The Wharton School | Class of 2013

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Entrepreneur’s Dilemma: Questioning the Value of an MBA

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MBA programs were not originally designed to teach students how to be entrepreneurs, run small businesses, or manage their personal career goals. This fact can easily call into question the motivations of candidates like myself who seek more entrepreneurial careers. The whirlwind of the traditional recruiting sweeps up unsteady bystanders. Post the Dedicated Interviewing Period (DIP), my doubts arose as the offers began to roll in for my banking and consulting job seeking peers - ‘Why would a startup hire me?’, ‘Why did I even come to business school?’ As my first year draws to close, I’ve taken a retrospective look at the value of my Wharton MBA so far.

 

“Most people know that a great benefit of a Wharton MBA is the network…however, this sometimes manifests in unexpected ways”

 

The number of Wharton MBAs seeking jobs in startups or launching their own businesses has increased dramatically in recent years and Wharton has responded well. An abundance of relevant opportunities exist, such as the Entrepreneurial Intern Fellowship, Wharton Business Plan Competition, Wharton Venture Award, Startup Auction, Spring Networking Expo and presence of more late-stage startups  on campus. Not to mention the support of the Entrepreneurship Club, Tech Club and Founders Club through student led East and West Coast Treks, eMondays and Tech Tuesdays. For a process which we’re told is self-led, Wharton has gone a long way to formalize the ‘enterprise’ recruiting process – particularly for those interested in working for a startup.

 

Most people know that a great benefit of an MBA from a school like Wharton is the network. I know that my classmates, faculty and alumni will be an invaluable resource for life. However, the manifestation of this sometimes occurs in unexpected ways.

 

During a lunch with a fellow AAMBAA member, I spoke about my interest in the textured hair care space. Through this conversation, a couple of days later I was on the phone with Wendi Levi, co-founder of Mixed Chicks, the brand of hair products for mixed-race women. During the call I gained insight into Mixed Chicks’ early stage marketing strategy and particularities of their target customer segment. I also learned of the personal successes and challenges Wendi had faced whilst building Mixed Chicks into the business it is today, including a high-profile legal battle with multibillion dollar giant, Sally Beauty Supply. It was this legal battle, in fact, which prevented Wendi from attending AAMBAA’s annual Whitney M. Young Conference in 2012.

 

Talking with Wendi was pivotal in connecting the MBA with my personal goals. I was able to engage with a leader in my industry of interest, not known for its engagement with MBAs. Being at Wharton amongst generous and resourceful peers, I was offered this opportunity seamlessly - all through an innocent conversation.

 

“Speculation as to the value of an MBA is rife…My belief is that you have to make the experience work for you”

 

As the business world continues to evolve, MBA programs are evolving with them. Despite this, speculation as to the value of an MBA is rife, especially for those seeking less traditional careers. My belief is that you have to make the experience work for you. There are hidden doors of opportunity, but sometimes it takes vigilance, perseverance and of course, a little faith to find and walk through them.

 

Toni Osibodu

The Wharton School | Class of 2014

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Wharton Tall Ships Leadership Venture: Conquering My Fears and a 180-foot Vessel

When I visited Wharton for Spring Welcome Weekend, and attended the Leadership Lecture, they showed a trailer featuring the Wharton Leadership Ventures. As I watched photos of students trekking mountains, climbing volcanoes, and scaling glaciers I thought to myself, “I am definitely going on one of those.”

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When the Ventures auction opened up in the fall, it only took me a moment to decide the venture on which I wanted to bid all my points. After almost drowning in college, I was terrified of water, and had spent the last few years working to conquer that fear, and trying to learn how to swim. I still wasn’t completely comfortable with water, so the Tall Ships Sailing Venture stood out to me as the best way to push myself even further. After being accepted for the venture, the magnitude of what I’d signed up for hit me- was I really about to spend eight days in the middle of the Pacific, sharing responsibility with twenty-three of my classmates for the operation of a 180-foot ship?

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It turns out that the trip was everything I’d hoped it would be, and more. I had the opportunity to learn about the art of sailing and the immense skill required to control a sea vessel. I experienced the awe of being out on the open ocean, and found that as scary as I thought the water was, there was nothing I loved more than being on deck during night watch, with nothing around us but the moon and the stars, and the sight and the sound of thousands of waves.

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Granted, because I was on a Leadership Venture, I also had a chance to lead my group through two shifts on watch. A successful first watch, and an unsuccessful second watch taught me a fast lesson about the dangers of complacency as a leader, and how easy it is to mess simple things up when you think everything is going well. This lesson is definitely one that will stay with me as I work in other groups, both at Wharton, and in my time after I graduate. However the biggest lesson I took from our Venture is one that I learned about defeating challenges within myself.

 

“The biggest lesson I took from our Venture is one that I learned about defeating challenges within myself”

 

I signed up for Tall Ships because I wanted to see how I worked in the face of fear. Although just being on the boat was a huge step for me, my real test came on our fifth night. After relatively smooth sailing for the first half of our trip, we changed course and sailed directly into high winds and rough seas. My team was on night watch, and I had been assigned to stand at the bow and keep lookout for any boats or objects on the horizon that could pose danger of a crash. All of a sudden the sky blackened as storm clouds rolled in front of the moon, and I watched as one-by-one the stars were covered and went out. What had been a bumpy ride became terrifying as the bow bounced 20 feet up and down, waves came crashing over the hull, and the ship rolled from side to side.

 

My first instinct was to run to the back where my team was - I could take one of the safer jobs and someone who wasn’t afraid of the water could stand at lookout. But I could hear orders being yelled by our first mate, and my teammates rushing to follow. Everyone was in the middle of the job, and there was no way I could switch with anyone without slowing down the work being done.

 

I thought briefly about moving off my perch to go stand next to the life rafts, just for the comfort of knowing I could grab something if we capsized, but I remembered a phrase they’d taught us the first day we boarded: “Ship. Shipmates. Self.”

 

“Ship. Shipmates. Self.”

 

The phrase indicates the order of things you should worry about on the boat- we take care of the ship first because she carries us safely through the sea, and without her we are all lost. We take care of our shipmates second, because we cannot take care of the ship alone; only by working together is everyone’s well-being ensured. Once our ship and shipmates are cared for, we care for ourselves. I knew in that moment that, despite my fears, my job was to stand at look-out and ensure we didn’t crash into anything ahead. While my teammates worked furiously to lower sails, I had to trust that if we each did our part to take care of the ship, and therefore everyone on it, we would all make it out okay.

 

In the end, we did all make it through the storm. What I learned that night is that, although fear can be a strong voice in our minds, it is just that – a voice – and it can be listened to, or it can be ignored. This is a lesson I will carry with me and hope to draw on whenever a tough choice must be made, whether it is taking a career risk, speaking up in daunting situations, or even just getting back in the water to keep learning how to swim. I hope you will take advantage of opportunities to immerse yourself in situations that may seem frightening at first, but which can be of great benefit. Happy Venturing!!

 

Monique Wilson

The Wharton School | Class of 2014

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Calling All Prospective First Year MBA Students: Sign up for a JumpStart Event this Summer

JumpStart Advisory Group will be hosting two events this summer for prospective students of diversity.

 

The JumpStart team will be conducting their 10th Annual JumpStart MBA Diversity Forum for Financial Services and Consulting and the 2ndAnnual JumpStart MBA Brand Management and Marketing Diversity Forum.  

 

The forums are designed for incoming 1st year women, minority and international MBA students* to network and build relationships with a number of firms in the investment banking/financial services, consulting, marketing, and brand management sectors.  For those of you considering those fields, this program provides a fantastic opportunity to learn from leading industry professionals.

 

The two links below are to a pdf highlighting the experience for the diversity forums.  Slots to attend the forums are limited and offered through a competitive selection process, all interested students should apply as soon as possible.

http://www.jumpstartadvisorygroup.com/pdf/JumpStart-MBA-Finance-Consulting-Flyer-2013.pdf

http://www.jumpstartadvisorygroup.com/pdf/JumpStart-Brand-Management-Flyer-2013.pdf

 

2nd Annual JumpStart MBA Brand Management and Marketing Diversity Forum

When: Thursday, June 27 – Saturday, June 29, 2013

Where: Durham, NC at the Fuqua School of Business

Who: ~75 participants from top MBA programs around the country

Cost: JumpStart will cover all meals and a % of lodging

Application Deadline: Sunday, April 28, 2013 at 8PM EDT 

 

10th Annual JumpStart MBA Financial Services and Consulting Diversity Forum

When: Wednesday, July 17 - Saturday, July 20, 2013

Where: Chicago, IL at the Chicago Booth Graduate School of Business

Who: ~120 participants from top MBA programs around the country

Cost: JumpStart will cover all meals and a % of lodging  

*New to 2013 is a Finance 2.0 session focused on private equity, venture capital, and asset management.  Please see the website for additional information

Application Deadline:  Sunday, May 12, 2013 at 8PM EDT

 

To apply, complete the online application at www.jumpstartadvisorygroup.com .  You can also watch the video on the MBA forum at the website.  Please forward this message to your colleagues and other incoming MBA first year students who may be interested in these opportunities.

 

You may contact The JumpStart Advisory Group directly at info@jumpstartadvisorygroup.com with questions.

 

*Diversity for MBA JumpStart is defined as individuals that are under-represented in business including women, Black, African-American, or of African descent, Hispanic, Latin-American, or of Latin descent, Native American or American Indian, Asian and Pacific Islander.

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AAMBAA: A System of Support in the ‘Wild West’ of Wharton

One of Wharton’s greatest qualities is the diversity within the school’s community. Students hail from more than 50 countries globally, have worked in nearly every industry imaginable, and possess unique, insightful perspectives shaped by each individual’s life experience.  Any casual conversation can reveal the most astonishing facts.  Who would have guessed that the guy I sat next to in Marketing last semester was a Navy Seal who conducted missions in Iraq and Afghanistan, or that the quiet unassuming girl I met at Pub last week used to be an actress in India prior to Wharton? Once you go beyond the surface layer of any ‘normal’ person here, you are sure to unearth a story that is both impressive and awe-inspiring.

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For me, the opportunity to learn with and from this diversified group of intellectuals has been amazing. That said, I knew coming into Wharton that connecting with individuals with shared experiences was important to me. As an HBCU graduate, I appreciate the heterogeneity within the African diaspora, and value the lifelong relationships I built there. My friends from college and my full-time work at the NAACP have served as a support system through some of my biggest accomplishments and co-creators of some of my fondest memories. In a similar vein, I look to the AAMBAA community to provide that similar support here at Wharton.

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This year, the Wharton administration made some changes to the academic course structure for first-years, including shortening pre-term and adding a “flexible” group of core classes. To match the shift in curriculum and culture, AAMBAA leadership took the initiative of sponsoring tutoring sessions in classes which traditionally are most rigorous for first-years. In doing so, it reinforced that AAMBAA is more than just an affinity or social group, it is a community of peers dedicated to helping each other adapt and feel at home in the Wharton environment.

To prospective students, I offer you these pieces of advice:

  1. Learn from your Wharton classmates who share different career or cultural views – and be open with your perspectives, too.
  2. Understand that you provide a unique value to the Wharton community that classmates, professors, and friends can learn and grow from.
  3. Embrace Wharton’s diversity and all that comes with it. While you do so, remember that the AAMBAA family is a community here to support you, keep you balanced, and make your experience as memorable as possible.

I can’t understate the AAMBAA community’s value here at Wharton, and my experience would not be the same without it.

Curtis Johnson

The Wharton School | Class of 2014

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Shalom and Elveda! — My Experience on the Israel and Turkey GIP

This winter break, I spent 11 days in Israel and Turkey for Wharton’s Global Immersion Program (GIP).  I was excited to take my first trip to the Middle East but also nervous.  Despite the approval from the University of Pennsylvania to go on this trip, I couldn’t help but wonder: Was it safe to travel to Israel given the recent attacks?  Would there be drama among the 27 first-year and second-year students participating?  Would I fall so in love with Israel and Turkey that I wouldn’t want to return to the US, or would I have a negative experience that would make me want to return to the US sooner?  I thought about these questions as I embarked on my 14-hour journey to the Middle East but then quickly put these feelings aside once I started to reflect on why I had decided to participate in the first place. 

 

One of the main reasons I am pursuing an MBA is to become more globally aware – I want to have a strong understanding of businesses and cultures throughout the world, a key attribute of a C-level executive.  The GIP was one way to achieve this goal.  Unlike other treks at Wharton, the GIP gives students the opportunity to understand the business and cultural side of a country through meetings with business leaders and partaking in social activities, not to mention the 0.5 credit you receive for taking the course.  I decided to go Israel and Turkey because I have always been curious about these countries and wanted to take advantage of what the GIP had to offer.

 

The 11-day trip consisted of 3.5 days in Jerusalem, 4.5 days in Tel Aviv, and 3 days in Istanbul.  Each day was filled with activities ranging from attending company meetings to touring famous sites to dining at top restaurants.  In Jerusalem, I visited the Holy Cites – Mount of Olives as well as the site where Jesus was crucified and rose from the dead.  I also got the chance to float in the Dead Sea and had a meeting with the Mayor of Jerusalem where he shared his vision on maintaining Jerusalem’s competitive advantage.  In Tel Aviv, I rode a camel in the Judean desert (see picture below), rode a bike up and down the streets of Jaffa, attended an elite party for NYE, and met with a series of entrepreneurs and venture capitalists.  In Istanbul, I visited the Blue Mosque, Hagia Sophia, Grand Bazaar and met with several industry leaders, including one of the most successful companies in Turkey (Koc Holding), which accounts for ~10% of Turkey’s GDP! Traveling to each of these cities provided an incredible experience as I saw first-hand how people live, what they value, and what drives their economy.  I was amazed by the dedication of the Orthodox Jews in Jerusalem and the modernization of Tel Aviv and Istanbul.  

 

Besides the key learnings developed on the GIP, I got the chance to build strong relationships with my peers.  The GIP connected students who all shared the same interests in the Middle East.  I formed relationships with individuals who came from different parts of the world such as Thailand and India and who had pursued careers ranging from start-ups to consulting prior to Wharton.  Given the large student body at Wharton, I don’t think I would have ever had the opportunity to meet this group outside of the GIP.  

 

Overall, the Israel and Turkey GIP was a memorable experience as I learned about different cultures and businesses and formed long-lasting relationships with my student peers.  I highly recommend taking the GIP and I am looking forward to taking another one in my second year, either in China or Brazil. 

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Renee D. Reid

The Wharton School | Class of 2014

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Tips and Tricks for DIP Week

DIP week, or dedicated interview period, is probably one of the most stressful times at Wharton. It’s an entire week when core courses stop for first years and companies (typically large investment banks and consulting firms) descend on Philadelphia to interview first years for internship opportunities. Given that the majority of students end up in either finance or consulting, many students take this time very seriously and those who don’t manage their stress well can fall through the cracks. As an ‘experienced’ second year, I hope to share some words of wisdom to first years (and future first years). Here are some tips and trips for handling the stressful DIP week:

Prepare well
DIP week can be infinitely less stressful with the more preparation you have. Talk to second years in the industry you hope to recruit for and get advice, set up mock interviews with first and second years who worked in the industry you’re recruiting for, and take firms up on their offers to provide you with mock interviews. Luckily for AAMBAA members, the executive team hosts AAMBAA 104 - a series of mock interviews given by second years to help first years prepare to ace their interviews. Many first years begin prepping in early November and continue right up until DIP week begins in mid January.

Make time to find balance
DIP week is full of back to back interviews for a number of different firms. This can become incredibly overwhelming so it’s important to find balance. Whatever gives you balance - exercising, watching mindless TV, spirituality, reading, listening to music - work it into your schedule to fit that in each day of DIP. It may seem like a waste of time in the midst of needing to be ‘on’ for your interviews but trust that working in ‘you time’ is essential to managing stress during DIP week.

Manage burnouts
With back-to-back interviews on most days, you have to manage not burning out. Get great sleep, drink the appropriate caffeine during the day to keep your energy up, and given you’ll be interviewing all day, most days, don’t schedule additional mock interviews. If you’ve prepared leading up to DIP week, you shouldn’t need additional mock interviews - take it easy. Manage your energy and don’t go overboard with prep during DIP week - that’s what the preparation period is for.

Be resilient

Not everyone gets all of the first (or second round) interviews they want. And even fewer people get the job offers they desire. The important thing is not to get discouraged during DIP week. Failure to get an offer with one firm does not  preclude you from getting an offer with another firm. This is why it’s important to take defeat in stride and prepare to ace the next interview.

Best of luck during DIP week!

Zainep Mahmoud

The Wharton School | Class of 2013

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Welcome to the blog of Wharton’s African-American MBA Association (AAMBAA)

Upon getting to Wharton, I was simply amazed at the wealth of experiences my classmates had, both collectively and individually.  Each week, from Monday to Thursday, I sat in classrooms and debated a variety of topics with seasoned former consultants, bankers, educators, military professionals, athletes, and entrepreneurs.  Our conversations went beyond discussions about balance sheets, income statements, and cost-accounting, and delved into leadership, effective management, and business ethics.  Outside of the classroom, on evenings and weekends, those conversations segued into intriguing stories about the factors that motivated my classmates, and their unique paths to Wharton’s MBA program.  As someone who had initial qualms about devoting two years to an MBA program, I quickly realized that I had hit the jackpot.  The exchanges that I had with my classmates (and what I was learning from each of them) confirmed that I had made the absolute right decision. 

As it turns out, I wasn’t the only one on campus who felt that way.  After a few great discussions at MBA Pub (our weekly chance to loosen up over drinks and pizza) and during AAMBAA executive board meetings, the idea of starting a blog was born.   Given that AAMBAA was conceived to help promote the academic, social, and professional success of its members (and to help foster a sense of community for Wharton’s students of African descent), we figured that a forum to discuss our experiences would be a fun way to capture the breadth and depth of our MBA adventures and to bring more of those great classroom and taproom exchanges to the outside world.    

So…here we are.  To help you navigate the blog and follow subject threads, we’ll tag posts according to professional, social, and academic topics.  We’ll be posting frequently, and leveraging the entire AAMBAA community to bring you captivating content.  Our goal is to offer readers three options:

Find out what the Wharton MBA experience is like.  This blog will be a place where current students can share experiences with one another, and with others (especially prospective students and alumni) hoping to get a better sense of the Wharton MBA life and what b-school really entails these days.  A few of our upcoming posts will focus on topics like how to navigate DIP week (Designated Interview Period), how to balance the demands of a joint-degree program (JD/MBA), and how to take advantage of global adventures through Wharton’s international student-led treks.   Stay tuned for those.

Meet our members.  We’re hoping the blog will serve as a forum for our members to share their experiences while at Wharton, and also for you to meet some folks who are currently in the program.  Each one of our contributors has a unique perspective, and hopefully you can find points of commonality with our authors, as well as learn a thing or two from their stories. 

Share your thoughts.  At the end of the day, this blog is meant to be a place for discussion - discussion amongst current students and anyone who’s up for constructive discourse around what it’s like to be a member of AAMBAA at Wharton.  We’re looking forward to your comments and posts.

Without further ado, we welcome you to the blog of Wharton’s African-American MBA Association. 


Ettie Philitas

President, Wharton AAMBAA 2012-2013

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