Category Archives: MBA

Liberal Arts Grad Finds Community at Business School

Meet Lisa Dahlby, MBA 2015

As an undergraduate, Lisa Dahlby majored in journalism and political science, but she had grown up in a family where business topics were discussed around the dinner table. She always knew she would pursue a career in business, so earning an MBA was a long-term goal. When the time came to go for a graduate degree, she decided to look for a part-time program that would allow her to stay actively involved in her career in advertising. The Foster Evening MBA offered not only a high-quality education, but a sense of community. She found professors welcoming and classmates supportive. Her experience at Foster has not only helped her broaden her knowledge of business and given her new skills to apply on the job, but also, she believes, has made her “a better citizen of the world.”

Watch other Evening MBA Faces of Foster videos.

How to maximize your ROI with TMMBA

You’ve decided to pursue your MBA. Perhaps you’re getting ready to start your own business, preparing to advance your career, or switching professions. You’re prepared to commit the time and money required to meet your goal, and you want to maximize the investment. We hope you will find this advice useful on how to make the most of your MBA before, during and after your educational experience.

1. Before: Your ROI begins with program selection

The program you choose will have a major impact on the dividends you can expect. Here are several factors to consider when comparing MBA programs:

All MBAs are not created equal.
The degree is a compendium of the learning you acquire. Make sure the program is strong in all of the disciplines that comprise the core of an MBA curriculum (e.g. finance, accounting, marketing, etc.). Examine the program’s capacity to provide hands-on learning experiences—from prominent guest speakers to case competitions.

Get acquainted with prospective programs.
Take advantage of class visits, research the quality of the professors, talk to current students and alumni, and ask all of the questions that you may have.

Avoid short-cuts and “good deals.”
The insights you gain in a cohort-based program with a strong faculty far outweigh the convenience of pursuing your degree based on expedience. Additionally, keep in mind that MBA course fees are generally in keeping with the caliber of the faculty, curriculum, and facilities.

Be realistic about your schedule, and look for a program that minimizes the impact on your family and work life.
The right location reduces your work/school/home commute time. A program that offers extra services (books, course materials, meals) can reduce the time costs associated with juggling a school schedule.

Balance rigor and relevance.
Seek out a program that’s relevant to your goals and career opportunities. Make sure it addresses current executive and business issues. Ask the program staff if there is a focus on skills you can put to work the next day.

Consider the big picture of your MBA experience.
From the reputation of the institution to the alumni network, your degree can add value beyond core learning.

2. During: Take steps to maximize your ROI while still an MBA student

While you’re in school, you’ll likely be focused on your studies and juggling your family and work commitments. But you’ll earn more from your MBA later if you focus on the ROI while immersed in the program. Possible ways to do this include:

Don’t forget why you enrolled in an MBA program.
Quantify your goals and capture the outcomes you want from earning your MBA; you’ll derive more from the program by staying focused on the path ahead.

Put any hands-on learning to use right away at work.
You’ll learn the lessons more fully by teaching others what you’ve learned.

Build your professional network so you can tap into it after you complete your MBA.
You can do this by taking advantage of any opportunities to study in groups, or by attending extracurricular events to hear guest speakers and meet alumni. Really get to know your classmates. Your goal is to build a lifelong network you can tap into professionally for years to come.

Take advantage of “learning extras.”
These include workshops on how to be a better presenter, group discussions, or other activities that give you a more in-depth understanding of an issue.

Take advantage of any international study opportunities.
Broaden your business knowledge base and immerse yourself in a different culture as you gain valuable experience in an increasingly global economy.

Utilize career services offered while in the program.
Although you’ll be busy with school, you’ll be better off in the long run by getting a jump on your next career move, instead of waiting until your MBA is completed.

Trust in your team.
Programs for working professionals work best when the study teams are carefully developed to give students a critical support network amidst myriad demands from work, home/family life, and a rigorous education.

3. After: Keep leveraging your MBA network and experience for future ROI

You’ll be surprised at how quickly you get to the end of your program. Be ready to move forward with your new degree even before you have it in hand, and to continue to leverage your MBA experience for a continued return on the investment you’ve made in yourself.

Stay active with the network you’ve built with fellow students after you complete your degree.
You never know when a connection will be useful to advance your career, help you recruit employees, or find reputable vendors. Plus, you’ll be a resource for other alumni, helping them with their professional aspirations.

Be involved with school.
Be a mentor, judge a case competition, talk to faculty about current business topics, come to events, and stay connected via face-to-face and online forums.

Continue teaching others what you’ve learned.

Take advantage of continuing education opportunities via workshops and seminars.

TMMBA Top 10 Questions

The following is the transcript from an interview with Tracy Gojdics, Director of the Technology Management MBA Program and Dan Turner, Associate Dean and Faculty Director discussing the merits of the TMMBA program. Follow along to learn more about the program and it’s career unlocking potential.

1. What is the Technology Management MBA Program, and will the technology aspect of the program limit my growth potential?

Tracy: This is an MBA program in every regard. When you graduate, you get a Foster MBA from the TMMBA Program. What makes this program different is that it’s designed for people who are passionate about technology and entrepreneurship; the program offers a comprehensive business management curriculum which an emphasis on innovation and leadership. For instance, the topics, cases and class discussions focus on technology companies, services and products. But you need not be fluent in the language of technology—we have many alumni and students who are outside of the tech-sector. Bottom line: you will gain the business skills and frameworks, the business language and the strategic insights and perspectives to create value for any organization.

Dan: Tracy pretty much summed it up. Fundamentally, this is an MBA program and you do get exposure to all those topic domains that you would expect in any MBA program. But the example used when we talk about strategy, marketing or accounting is often an application in a technology environment.

2. How is it possible to get an MBA in 18 months?

Dan: Consecutive quarters of 10 credit hours per quarter make it possible to deliver a robust MBA curriculum in 18 months. We cover all the core topics you’ll find in most MBA programs—financial accounting, managerial accounting, corporate finance, marketing, economics, operations management and organizational management. We’ve also selected courses on topics we think students in this program really need, including leadership, negotiations, strategy, entrepreneurship and global management.

Tracy: Traditional full-time MBA programs and some evening MBA programs are longer because they are designed with required core classes plus electives. The TMMBA Program is lock-step; we don’t offer electives. And, our program staff provide support and services that make a student’s life a little easier. We handle registration and meals and provide books and materials—all which save time and reduce stress for our students.

3. What is the difference between the Technology Management MBA and a “traditional” full-time program?

Tracy: They offer different experiences. A full-time program allows for greater immersion in elective areas of study. But there’s an opportunity cost for quitting your job and going back to school, and everyone weighs that cost differently. Stepping out of the work force for two years may make sense if you’re relatively new to your career or uncertain of your end goal. But if you have a good job, you’re well-positioned for advancement, or you have other obligations, then pursuing your degree while you continue working may be a better fit.

Dan: In terms of the learning experience, the content of the two programs is similar, but there are a variety of topics that are addressed in the Technology Management course that are particularly relevant for technology professionals. You get much more exposure to these topics, in greater depth, in this program than you would in a traditional MBA program—things like how to market innovation, for example. Not all technology projects are innovations, but just about all innovations are technology products, and we spend more time discussing that in the TMMBA Program than we would in a traditional marketing class.

Tracy: There are also advantages to being in the classroom with people who are down in the trenches every day. Students in this program have from 3 to 25-plus years of work experience when they come in the front door. We want people who are working full time so they can speak to what’s happening at their companies and, more importantly, apply what they’re learning in the classroom back on the job the next day.

4. Who is a good fit for this program?

Dan: I would say we’re looking for three things: 1) people who have the raw horsepower, who can compete successfully in any kind of organization; 2) people who have leadership potential; and, 3) people who have a passion for technology, for whom this is more than a job.

Tracy: Someone who is an ideal fit for this program is somebody who has at least 3 years of work experience—the average is 11 years— and who wants more than the “M-B-A” credentials after their name. We are looking for students who seek a challenge and who want to be in an active learning environment. Additionally, we want strong contributors to the conversations in class and willingness to share experiences as they apply to the course work.

5. Can this program give me what I need to move out of my tech-centric position into a strategic business position?

Dan: Yes, in fact, eighty percent of recent graduates surveyed reported they had taken on a more strategic role since graduation. The program builds knowledge and skills that help students deconstruct functional barriers and view organizations as the integrative enterprises that they truly are. You’ll get exposure to fundamental solution concepts, theories, frameworks, and skills in strategy, accounting, marketing, finance and quantitative methods.

Tracy: Our program is known for taking subject matter experts, whether they are developers, architects, entrepreneurs or even functional specialists on the business side, and enabling them to understand the language of business in a completely different way. Because they can do that, they’re able to contribute to different kinds of conversations than they have in the past, and step up— or over—a level or two.

6. I want to start my own business. How will this program help me?

Tracy: One of the top three reasons people decide to enroll in TMMBA is because they are looking to start their own business—to be their own boss. As a result, we have a strong entrepreneurial network. Basically, if you want to start your own business, you need to understand innovation, entrepreneurship and management, as well as have a strong grasp of the competitive landscape, customer profiles, and supply chains that can make or break your success.

Dan: Great ideas can take organizations only so far. Many businesses don’t do well even if they have great ideas because the execution of the business plan is missing. Of course we have an entrepreneurship class, of course we have strategy classes, but many people will say that the reason they come to our program is that they need to understand the full range of business issues and be able to deal with them, in addition to having the great business idea or great technology.

7. How has the Technology Management MBA helped advance the careers of students and alumni?

Tracy: Our students typically have one of three goals: move up in what they are doing, move out of what they are doing—change functions—or start their own business. I tell them that the critical things they learn in the TMMBA Program are only one part of the equation in advancing their careers. The other part is being able to put the things they learn into practice and be deliberate about contributing at a higher level, communicating more effectively and enduring set-backs.

How many of our students and alumni have advanced their careers? We’ve done surveys to help us determine this, but I find my LinkedIn network offers a nice illustration. Approximately 75% have changed positions and 65% have changed companies. I’m finding many are in senior-level and even C-level roles and that those who had been in more specialized technical positions have moved to general management, marketing or product management roles. It is also great to see the number of entrepreneurs we have in the alumni network.

Dan: As an instructor and faculty director I stay in touch with quite a few of our students and am constantly impressed with how they have advanced in their careers. I firmly believe that the TMMBA Program is something that opens doors rather than something that gets your ticket punched. In and of itself, no degree is going to be sufficient for a promotion, but a great MBA program will expose you to a range of perspectives on fundamental management lessons that you wouldn’t otherwise see on the job.

8. How do students typically finance the TMMBA Program?

Tracy: Students finance the program in a variety of ways, including company tuition subsidies or reimbursement programs, securing loans and paying out-of-pocket. Although many companies have cut or significantly reduced their tuition benefits, we still have a fair amount of students who are able to secure funding via company benefits. Students have also been successful in creating proposals for their upper management that outline the benefits of subsidizing their education and what it will mean for the company. Many students apply for financial aid and receive assistance via the Stafford Loan Program.

9. What can I expect in terms of Return on Investment?

Tracy: It depends. Students and alumni look at ROI from many angles. Of course, most people want to make more money, and according to alumni surveys they do—with an average compensation increase of 30% after two years. However, I find that people are really starting to evaluate ROI from a job/life satisfaction perspective. Students come into the program wanting to make a career change, to have more options and to make a larger impact at their organizations. I’ve already talked about how folks are changing their careers, but what we haven’t discussed is that students, as they go through the program, begin to see that they have lots of options. It may sound lofty, but being equipped with options brings a satisfaction and kind of happiness that they didn’t have before, and that return is something that cannot be measured.

Dan: I agree with Tracy that students are looking at things other than more money; although, usually that comes in time. As I mentioned earlier, I stay in touch with several former students and it seems that the ROI with regard to compensation and job advancement has been significant. I attribute a lot of this to the fact that students in the Technology Management MBA Program are working while earning their MBA and are applying, in real-time, what they are learning.

10. How can I find out if the Technology Management MBA Program is right for me?

Tracy: My top answer, without a doubt, is to visit a class. When someone visits a class they get a sense of what is expected of them and what the commitment will really be. They get to be part of the classroom, to talk to students, to talk to study groups, to see if this is the kind of environment they want to be a part of for 18 months. Of course, we can also get you in touch with alumni, because they can talk about the experience and how it has changed their lives, but I would absolutely encourage people to experience what goes on in the classroom.

Dan: I’d echo that. Fundamentally, we’re in the business of providing transformational educational experiences. While I’d encourage any prospective student to do his or her due diligence, to look at the descriptive statistics of the program and success rates, Graduate Management Admission Test scores and the diversity of the student body, this is at its core a service-based, experiential business and you have to experience it to truly appreciate it. It’s a significant investment to dedicate three hours to come to a classroom and experience what the students go through, at least in some small fashion, but it’s an investment that I think generates a return that is more than worth it in terms of helping you assess whether or not the program is right for you.

Bonus Question:  How can I find out if the Technology Management MBA Program is right for me?

Two programs with similar names can be confusing. Both offer a business management curriculum and both hold classes on the Eastside, but differ in many respects including schedule, duration, faculty, cost, courses, and alumni networks.

One key distinction is that TMMBA is part of the UW Foster School of Business and the UW Bothell TMBA program is not. Additionally, the faculty are different. TMMBA faculty come from the Foster school, which consistently ranks among the top business schools in the nation and faculty are world-renowned and recognized for their prominent research and excellence in their respective fields.

Another TMMBA difference is student support and services provided, including registration, meals, books and course materials, and free parking. These services offer convenience for busy working professionals. Additionally, TMMBA career services include unlimited one-on one coaching, numerous workshops, webinars, and networking events. Plus, TMMBA has a network of over 800 technology professionals!

Although the names may be similar, TMMBA and TMBA each offer different experiences and educational opportunities. Consider what is important to you in terms of faculty, network, student services, and program reputation. Visit a class in both to know which is right for you.

EMBA summer workshops

The UW Foster Executive MBA student experience actually begins with 36 hours of “summer workshops” held mid-July through mid-August. Designed to prepare incoming students for the many quantitative classes of their first year, the 3 hour workshop sessions cover basic math through calculus, excel and accounting. Students attend the workshops in-person on the Seattle campus, participate virtually or subsequently view recordings of the sessions.

Following the Summer Workshops, students are welcomed “back-to-school” at the end of August for an all day program orientation. At the back-to-school day, students meet their study team and larger cohort, receive fall quarter materials and hear from program alumni. Spouses and significant others are welcomed too. Below are a few photos from the 2014 workshops.

Prof Matsumoto meeting students

EMBA students raising hands

EMBA students networking

EMBA students presenting

EMBA students networking

Classes for first year students begin in late September at the fall Residential.

Learn more about Executive MBA.

Foster students manage the business end of the UW’s EcoCAR Challenge

UW's eco carA team of UW students recently took second place in the EcoCAR 2 Challenge. Its modified Chevy Malibu traveled 48 miles on an electric charge before switching to its biodiesel engine—making it the most energy-efficient car in the 15-school international competition. A brilliant feat of engineering.

Behind that engineering was some savvy business support from Foster School students. Nicholas Wilson (MBA 2012), Tyler Rose (MBA 2013) and Taj Matthews (MBA 2013) served as business managers for the first stages of the three-year project. Alex Ong, a senior studying finance, took the engineering and design team through to the finals earlier this year at General Motor’s Milford Proving Ground.

The son of engineers, Ong has no formal technical training of his own. “But I’m interested in cars and I knew a few things,” he says. “Enough to get the conversation going.”

His role was to manage the project’s six-figure budget, cultivate and communicate with sponsors, and provide financial reporting to funders and competition organizers—GM, the US Department of Energy, and a wide range of transportation and renewable energy firms and organizations.

In Detroit, the team finished first in eight categories, including quickest acceleration, lowest energy consumption and least greenhouse gas emissions. While his colleagues put the car through its paces, Ong presented the team’s financials to a panel of judges representing the sponsor organizations.

It was a unique experience, this working collaboration of engineering, business, communications and visual arts.

“There’s nothing like it at the UW,” Ong says. “It was an incredible interdisciplinary learning experience where you had to work together with people who have no knowledge of your expertise and vice-versa. Otherwise, the whole project falls flat.

“That’s about as real world as it gets.”

The UW has been selected to compete in EcoCAR 3 beginning this fall. Ong plans to recruit fellow Foster students to better distribute the workload and formalize procedures to ensure continuity over the project’s four-year run.

The team just learned that they get to play with a Camaro this time around.

Senioritis? Bah. Count Ong in.

Desire to lead and passion for sport drive future MBA

Meet Kevan Brown, MBA 2016

Earning an undergraduate degree in mechanical engineering was an important achievement for Kevan Brown, but he never planned to stop there. He sees pursuing an MBA at the Foster School as a way to develop business knowledge and skills and tap into Foster’s extensive alumni network, but also as a way to realize his potential as a leader. Outside the office and the classroom, Kevan has a passion for basketball. He’s using what he’s learning in the Evening MBA Program to pursue that passion through creating a recreational basketball league for working professionals. He’s building a business around something he loves while creating community and encouraging others to follow a healthy lifestyle.

Watch other Evening MBA Faces of Foster videos.

Arts Advocate Uses MBA to Think Outside the Box

Meet Graham Mills, MBA 2015

How does an undergraduate drama major end up in an MBA program? An internship with a theatre company introduced Graham Mills to the business side of the nonprofit sector, and piqued his interest in applying ideas and techniques from the private sector to develop more sustainable models for arts organizations. When he considered earning a graduate degree, an MBA was an obvious choice. Since enrolling in Foster’s Evening MBA Program, he has applied “thinking outside the box” not only to his work, but also to planning his future career. The knowledge, skills and network Foster offers has provided him with wide range of opportunities and the confidence to pursue them.

Watch other Evening MBA Faces of Foster videos.

Real Estate Pro Gains Competence, Confidence and Connections

Meet Chinu Randhawa, Evening MBA Class of 2015

Chinu Randhawa, employed in real estate, had reached a plateau and decided to pursue further education as a way to explore options in her current field or other fields. When she enrolled in the Foster Evening MBA Program, she found an instant network among her classmates – active professionals with diverse career backgrounds. She also benefited from participation in Foster’s MBA Mentor Program. In her second year, she connected with a mentor who had changed careers several times and had applied her talents successfully in several industries. Entering the second half of her program, Chinu says the program delivered on its promise to supply her with “the three C’s”: competence, confidence and connections – a great foundation for the next stage of her career.

Watch other Evening MBA Faces of Foster videos.

Marketer with a Passion for People Values Classmates

Meet Allison Waddell, Evening MBA Class of 2015

An undergraduate degree in marketing helped Allison Waddell launch her career, but she wanted to expand her knowledge base and gain the strategic perspective on business offered by a Foster MBA. Sharing experiences with, and learning alongside, a talented group of classmates at the Foster School keeps her motivated. The Evening MBA Program offers her opportunities to apply what she’s learning in her day job and in field study projects with other companies. Along the way, she has mentored fellow students, served in a leadership role with Foster’s MBA Association and bonded with classmates on a study trip to Brazil. For someone with a passion for people and a drive to lead, the Evening MBA Program offers plenty of room to grow.

Watch other Evening MBA Faces of Foster videos.