Category Archives: Partners and Family

Business School – A Family Affair: 3 Burning Pre-MBA Questions

As I’ve been involved with the admissions process leading up to first round decisions coming out later this month, I’ve thought back a lot on some of the major questions I had before going back to business school.  I’ve mentioned before that giving up a stable income and good career track can seem like a huge risk, and there are a lot of unknowns.  Now with more than a year under my belt, I wanted to retrospectively answer the three questions I (and I think a lot of other people as well) had about going back to business school:

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Business School – A Family Affair: Flexing with the Curriculum

So, have you heard that Booth has a flexible curriculum?  When I was initially doing research into business schools I felt this feature came across loud and clear every time I looked at Booth, but I didn’t really understand why it was significant.  Maybe it was just my background in economics, but it seemed to me that if I was going to make a significant investment in business school, I should have the freedom to choose what classes I wanted to take and when.  Since then I have realized that this is a truly unique aspect of Booth, and have found that it has been extremely helpful for me in three major aspects of my B-school experience:

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Business School – A Family Affair: Part One

Putting your life on pause for two years to go back to school for an MBA can be pretty daunting.  For those of us with partners and/or families, it can be downright terrifying.  I remember wondering how my family of four (at the time) would survive in Chicago with no income and a hefty tuition bill.  Suffice it to say that we definitely faced some tradeoffs to make everything work out, but in the end I wouldn’t exchange my experience so far at Booth for anything.

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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