Category Archives: Boothie Life

Living and Learning in Hyde Park

Adam Hanselman is a second year MBA at Chicago Booth.  After graduating from BYU, Adam worked in economic consulting with the Analysis Group and then in operations strategy at Capital One.  After graduation, he will move to Houston to work in energy investment banking.   Adam is a member of the Dean’s Student & Alumni Representatives (DStAR),the Investment Banking Group (IBG), and Energy Group , and he and his wife are members of Parents of Little Ones at Booth (POLO).  He is married with two children (future Boothies?!?!).
Adam is also a proud Hyde Park denizen.  While many students live in downtown Chicago, Hyde Park, the home of the Harper Center, is a vibrant community which offers many amenities and a great intellectual environment around the University.  Adam shares why he loves living in Hyde Park, and how he and his family have built their academic and social lives in and around the University of Chicago community.
–Matt Richman
When I decided to return to school for my MBA, the impact on my family was one of my main considerations in choosing which program to attend.  Chicago Booth and Hyde Park are a unique combination of a great MBA program and a family-friendly neighborhood.  Chicago Booth has been a great experience for my entire family and living in Hyde Park is a big reason why.
On the way to school
My family and I live within 3 blocks of tons of other families with one or sometimes both parents in graduate school at Chicago Booth or elsewhere at the University of Chicago.  There are fellow MBA and Law School families that we do babysitting swaps with for date nights on a regular basis (gotta keep the romance going!).  It’s always fun to stop by the University tot-lot, which is only one block away from our apartment, and catch up with whoever is there letting their kids get the wiggles out.  My son goes to pre-school a block from the Harper Center and it’s convenient that I can drop him off at school and then go right to my classes. Our apartment is also a nice size for our family, for a very reasonable price.  My family and I get a great quality of life in a walkable neighborhood.
Hyde Park soccer league
In addition to the community of families in Hyde Park, I love that I can walk to school in about 10 minutes or I can head over to one of the two (super nice) University gyms, get a workout in, and then go to school.  The gym is free for students and my wife also has a membership (she gets a discounted price).  We like being so close to Lake Michigan, with its beaches and footpaths, and there’s even a beautiful vintage movie theater two blocks away.  Although there is great public bus service within Hyde Park, we can walk to most everything we need and want, and when I need to go downtown it’s only a 15 minute Metraride from the station between my house and Chicago’s Loop, including our downtown campus at the Gleacher Center.
Hyde Park has helped my family to develop lifelong friendships and to enjoy the 2 year Boothexperience more than I could have hoped.  We’ve taken our kids trick-or-treating in the neighborhood and at the Harper Center, and put them in sports leagues in Hyde Park.  My family is part of the social life at Booth, and we rarely miss a Friday afternoon Liquidity Preference Function (LPF) at Harper.
Booth kids trick-or-treating in Hyde Park
Whether or not you have a family, Hyde Park is a great place to get access to everything that Booth and the city of Chicago have to offer, at a relaxed pace.  Booth students have so many options for which neighborhood to live in, depending on their preferences, and I’m glad that I picked Hyde Park.  Although I’m looking forward to moving to Houston, I’ll really miss the community my family and I built in Hyde Park.

 

Adam’s kids playing in a Hyde Park park

Chicago Booth Random Walk 2013: Chile

Each year prior to Orientation, small groups of incoming first year Booth MBA students, led by seasoned second year MBAs, spend a week traveling on “Random Walk” trips to exotic locations and getting to know one another.  Chicago Booth Class of 2015 MBA student Caroline Lu produced this video of her Random Walk to Chile.  In addition to Chile, other Random Walk groups this year went to Fiji, Russia, UAE, Alaska, and about 20 other locations around the globe.

Enjoy!

Diary of an Investment Banking Intern in the Big Apple

While some students come to Booth to transition into finance, others use their MBAs as a platform to take their finance skills and careers to another level. One such Booth student, Yvanna Pérez Morel, worked in M&A advisory in the Dominican Republic, her home country, before business school. This summer, she interned both at BofA Merrill Lynch (Investment Banking, Consumer & Retail) in New York and at Mesoamerica (Private Equity, Food & Beverage Portfolio) in Colombia. This coming year, Yvanna will participate in the exchange program with London Business School as part of the International MBA that she is pursuing at Chicago Booth. During her free time, she enjoys going to the beach, playing squash, and horseback riding in the mountains. 

Below, Yvanna recounts her whirlwind summer internship in banking in New York, and how Booth equipped her with the skills to succeed.

–Matt Richman

After ten weeks as an investment banking intern in the Big Apple, I can fully understand why people say that New York never sleeps – I didn’t! Here’s a quick summary of my busy days (and nights) since my last day at Booth – searching for knowledge in finance and a full-time offer.

As an investment banking intern my life revolved around the blinking red light on my corporate Blackberry, but in my experience, every minute was a new opportunity to learn on assignments including Hudson Bay’s acquisition of Saks Fifth Avenue, a high yield debt issuance for Carter’s, and a not-yet-public IPO. I honed technical skills such as modeling, got deeply immersed in industry-specific dynamics and strategies as a Consumer & Retail coverage banker, and observed the way senior bankers managed their client relationships.

Those interested in pursuing an investment banking track will find that Booth provides all that is needed for a successful summer:

1) Academic courses: Booth’s unique flexible curriculum allows students to choose courses such as Accounting and Financial Statement Analysis I & II (“Footnote Accounting” and “M&A Accounting”), Cases in Financial Management, and Cases in Corporate Governance, that prepare them for a great summer and a successful career in the financial services industry. YOU chart your learning path. While I had some experience in finance prior to Booth, taking advanced finance and accounting classes in my first year made me confident I could tackle anything technical that came up during the internship.

2) Career Services: This team works day and night to manage the relationships with the different banks and to make sure everyone is well-prepared for interviews through events such as weekend modeling courses by Training the Street (TTS) and “wInterview,” and facilitated some great sessions to give us the tools to be successful during the summer, once we landed the internship offer.

3) Investment Banking Group (IBG): A student-run group which works closely with Career Services, the IBG coordinates different initiatives for first year students to learn from second years’ experiences, from the industry-wide and bank-specific cultures to the dos and don’ts of getting a job in banking. I spent countless hours chatting with second years to get prepared for any challenges which might arise during the summer.

The summer was intense but also fun. Corporate events such as attending a Yankees baseball game with clients, having breakfast or lunch with senior bankers, playing kickball in Central Park with the team, and watching a Cirque du Soleil performance with other interns were a lot of fun and offered an opportunity for the firm to evaluate interns on interpersonal skills. Taking Professor Wortmann’s workshop on networking with senior executives showed me the implicit rules of the game, and allowed me to focus on having fun and asking the questions that I was genuinely interested in.

Of course, after an 18 hour a day, 7 day a week marathon, going out for a night was a must. Meeting Boothies working at other firms who understood my schedule (and probably had the same one) was just amazing! It was great to see some familiar faces and relax for a bit!

By the end of the summer, I got exactly what I wanted: I learned a lot, had fun, and, in case you were wondering, was fortunate enough to be extended an offer to return next year for a full-time job after graduating! Whether it was working, attending corporate events, or meeting friends for drinks in the Big Apple, the term “24/7” showed its true colors this summer. Here are some pictures of my personal experiences:

From top to bottom: Yankees game with clients, kickball with the team, Cirque du Soleil with interns and night out with other Boothies.

Modern Families: Booth’s Flexible Cohort System

Chicago Booth has a cohort system which matches our independent and flexible outlook on the MBA experience.  We start off with our cohorts during orientation and our leadership development class in the first few weeks of school, but our flexible curriculum means that we have the opportunity to take the classes we want, with any of the other 1,000+ first- and second-years at Booth.
Jen Tan is a first year MBA student at Booth, and was elected by her peers as president of the Bond Cohort.  Jen is currently the only dual-degree MBA-MSW in both of her programs. Her earlier career includes unicorn hunting (“recruiting”) for the Clinton Foundation and rainmaking (“fundraising”) for Facing History and Ourselves, two non-profits headquartered in her hometown of Boston, Massachusetts. Jen is transitioning into healthcare as part of her pursuit of social justice.
Here, she shares her unique perspective on what the Booth cohort experience means to her, but before you get started, she’s just got to say that Bond is the best cohort at Booth of all time. OF. ALL. TIME.
–Matt Richman (Bond Cohort)
For the first decade of my life, I grew up in a house that contained 15 people: my two parents, three brothers, four cousins, and six aunts and uncles. In the years that have followed, the families have moved apart. But my big family, which has only gotten bigger and closer, has provided me with a lifetime of experience in building and maintaining relationships that are as deep and complex as they are diverse and time-tested.
For me, the Booth cohort experience creates that same sense of home for its individual members, much in the way that sharing a house together provides the essential bonding experience by which most families grow together. Booth students are assigned to cohorts which operate primarily during the first two months of school. Students begin orientation together as a cohort by participating in our one required course, Leadership Effectiveness and Development (LEAD) and spending a weekend out-of-state competing against other cohorts in the Leadership Orientation Retreat (LOR), Fall Frolics, and a host of other events offering equal parts delight and aggressive competition (at least, for Bond cohort). Throughout the remainder of the MBA program, the Graduate Business Council (GBC) hosts occasional cohort competitions, trivia nights, or t-shirt days to show cohort spirit.
The Booth cohort experience is unique among business schools. At other programs, cohorts take all of their classes together for part or all of the first year, sometimes in the same assigned seats. At Booth, however, the onus to maintain the cohesion that was initiated at the beginning of the year is largely up to the cohorts themselves. Specifically, it is a responsibility of the cohort president to set the tone for the culture and to help foster the sense of community that each cohort ultimately has. For all of these reasons, I decided to run for president of my cohort, a role that I serve with joy and pride.
Much in the way that one’s family can often feel like a household that has randomly gathered together people who share very little aside from an address and, perhaps, some facial features, the Booth cohort provides students with a space to share with people who are smart, social, and passionate in an infinite combination of ways. But while your cohort is assigned to you and you to your cohort, ultimately, each person is given the choice to determine how much meaning that designation can have. It is an arrangement that provides us with the opportunity to forge deep relationships with people we might not have met otherwise, while also allowing us the freedom to hang out with other people if we choose. As one would expect at Booth, given the similar flexibility provided by the course selection process, students are trusted to learn to the best of their abilities and respected for the choices they make in doing so.
Indeed, the opportunities and challenges that are uniquely presented by the Booth cohort echo the school’s philosophy toward the community it has created: that people can find a social environment in which their individualities are respected and appreciated, and that every person feel encouraged and supported in pursuing whatever it is that makes her/him happy.
Growing up in a large family wasn’t without its challenges. As with any large group, you find variety across interests, personalities, and communication styles. But being able to grow into our individual selves and forge unique relationships with each other in the process is the thing I love most about my large family and the lives we now share, no longer in the same house but now across states and time zones.
The same is true for this school we love: your Booth cohort is the big family that will always welcome you with open arms—all you have to do is reach out.

Incredible Booth Experience – Flying with Ronald Falcon

Today’s blog post is about second year MBA student Ronald Falcon. I have known Ronald for many years (well before business school) and this is a story that I was excited to be a part of. Ronald is a trained pilot and has been flying Boothies (or anyone brave enough) around the Midwest while working on his MBA. I have been lucky to participate in a few of these flights. The views of the Chicago skyline and the cool people you meet across the state are Booth memories I will hold onto forever. I hope you enjoy the video.

–Freddy

About Ronald: Before Booth, Ronald was an aerospace engineer, business owner, and musician. He has degrees in music (bachelor’s) and aerospace engineering (bachelor’s and master’s). He enjoys serving his community as a search and rescue pilot with the Civil Air Patrol. During the summer, Ronald earned a scholarship to work as an investment banking associate for a bulge bracket bank in their Technology/Media/Telecom (TMT) coverage group. After successfully completing his internship, Ronald decided to pursue a leadership position with Burger King in Miami, Florida.