Why TMMBA?

TMMBA students gain consulting experience

Tuesday, October 27th, 2009

Sara Jones, Assistant Director

There are many opportunities to enrich your educational experience beyond the classroom.  This quarter, several TMMBA students are participating in two consulting opportunities through the Center for Innovation and Entrepreneurship: UW Tech Transfer LaunchPad Internships and the Entrepreneurial Law Clinic.

Students participating in LaunchPad Internships spend about 10 hours a week acting as consultants to UW Tech Transfer. They assess the commercial potential of UW research and help identify possible opportunities for these UW technologies.

The Enrepreneurial Law Clinic is an opportunity for MBA students to partner with law students in advising early stage Northwest companies about legal and business structuring.  This is a great chance to learn about the legal aspect of start-ups while gaining business consulting experience.

Stay tuned to hear more about the student experience participating in these activities as fall quarter comes to a close.

The post about perpetuity

Monday, September 14th, 2009

Lucas Perin, TMMBA Student

The TMMBA is starting to pay off for me.

It all started during a Finance class. We were doing a valuation exercise that required us to understand the concept of “perpetuity”. Next day, at work, I was in a meeting with some executives that were doing a “back of the envelope” valuation calculation. One of them suggested that they should add “that thing that relates to the going concern… eternuity? longevity?”.

“Perpetuity?”, I volunteered.

“Yeah! That thing. Do you know how to do it?”

I did. After that, I’ve done a few valuations and just ended up moving from Marketing to Finance. Which ended up being a good thing, given that my final grade on Finance is 4.0 and I’d be lucky to get a 3.2 on Marketing.

And Life goes on…

Friday, June 5th, 2009

Reetu Gupta, TMMBA Student

We are almost at the end of 2nd quarter. I can’t believe it. Time flies no matter how busy life is.

Actually 2nd quarter wasn’t so bad. I went back to watching “Lost” live on TV. It may be because after 1st quarter, you become a more seasoned student. You learn better time management tactics. You also learn how to skim instead of reading and trying to retain everything. You learn to compromise on quality when you have four different assignments due within a week’s period. These may sound like bad things but if you are a perfectionist like me, believe me, these habits bring you closer to reality.

Anyway, one thing to remember is that you don’t get discount in life just because you are in TMMBA program. Life’s ups and downs still happen. Nothing stops in outside world even if you lock yourself in a classroom. At the very beginning of 2nd quarter, my family got hit by recession lightening. My husband’s company shut down and he lost his job. Now I had one additional assignment of helping him find a job and keeping his morale up. My 5 year old got prescribed with eye glasses and gave me first shock of parenthood. My company announced a pay cut and let few people go. In a nutshell, these were hard three months that hit me and my family close.

Interesting part was, TMMAB helped me maintain my sanity. It helped me in some very unique ways. I contacted my classmates and alumni for my husband’s job. I was glad to see that finding a job for my husband became a group project. I have never so much support from so many people. In addition, knowledge I gained in corporate finance and accounting, I immediately applied to personal finances. I was able to maintain my cash out flow with only 45% cash inflow. Using newly acquired Marco Economics skills I was able to read various indices and was able to set my expectations accordingly. “Green shoots” in economy gave us hopes and labor index monitoring told us it may be a while when labor market improves.

I think going through an MBA program during a deep economic recession made it very fruitful and interesting. It’s perfect combination of theory and its use in practice. I think it was a once in a life time opportunity for me. Not that I’m crazy about economic recessions but if I was going thru MBA in a normal timings I probably wouldn’t have been able to appreciate the gravity of management skills.

What was I thinking?

Friday, April 10th, 2009

Bryan Smith, TMMBA Student

With the first quarter of six now complete, I can’t really count the number of times I’ve asked myself that question in some form. For example: did I really think I have enough time in my life to do this? The TMMBA classes are fast, dense, challenging, and rely on a lot of time outside of the classroom. What was I thinking? Well, I was thinking that I had considered things ahead of time, and concluded that I had opportunities like my commute from Bainbridge Island to work every day … that time alone provides over 5 hours of reading opportunity a week — simple math there. Planning ahead and considering your current schedules and plans is an absolute prerequisite to starting this program.

But was I thinking that would be enough? No, actually, I wasn’t. I had talked to students from previous classes, and they had made that clear enough, so I had to look around at other activities I could sacrifice. I knew I wouldn’t be watching as much TV, which was a welcome and obvious change, but I also wouldn’t be reading things for pure pleasure — this one still hurts — so the pile of books next to my bed went back on the shelf to be considered again in 18 months.

There were other changes … I found a more inexpensive place to moor my boat (no great yacht, just a daysailor, really), because Tuesday evening “Duck Dodges” on Lake Union were clearly not feasible. So too were occasional sailing commutes across Puget Sound to Bell Harbor. That was giving up a few more things a bit more dear, but they stood between the TMMBA commitment and more difficult sacrifices.

I did think I’d have a chance to continue playing music on Saturday nights, at least occasionally. In reality? Not so much. The thing is, by Saturday evening, depending on whether there are classes, I’m either too wiped out or trying to catch up on the rest of my life … The band has had to wait. So far this has been a big disappointment, but it rates lower on the scale than time with my family.

Again, though … what was I thinking?

I was thinking that by reorganizing time between work and home, with some sacrifices of “hobby time”, together would make the whole thing possible without overly impacting my greatest priority: my family. As it turns out, however, such preparation helps, but I have since found that even after minimizing time away from home, the impact on family life is still considerable. I am more distracted and am less frequently “all there” … my face in a textbook, a case study, or a spreadsheet*. I think I’m probably a lot more focused and serious than my kids are used to … and the topics of my conversations tend to swerve towards economics, finance, business strategy, team dynamics, and in general not the kinds of things I used to go on about. These topics don’t tend to fascinate 5- and 10-year-olds. My (incredible, wonderful) wife has enough to worry about with real family finance and economic issues to hear endless pondering on the abstract dynamics of macroeconomics. They’d probably rather have the old dad/husband back more often.

I guess my point here is: yes, I was thinking that I could manage to mitigate the program’s impact on the people I most care about. This has proven to be a tremendous challenge, and my success has been mixed. I know this an issue for many that take on full time studies on top of full time employment and growing families; all I can say is that revisiting your priorities and trying to maintain communications is critical. Sharing your schedule with your spouse and kids, for example, while not “over sharing” the amazing newest thing you’ve just realized about the time value of money … Sharing the homework experience with your kids, then setting it aside for a bit is a worth trying — everyone gets something out of that. So that’s my “take away”: Revisit the priorities and keep them clear in your mind. That’s a survival skill, like rationing sleep.

For me, the mantra is family first, followed by work and school. Then I go to bed.

So … next question? Was I thinking that this program wouldn’t affect work? Yeah, I was … and I’ve done okay in that assumption, if only because the things I have learned in the first quarter have deeply influenced my attitude at work. I am just getting in to work now, though, so that rant will have to wait for another post. Suffice it to say that some things I learned this week are going to get applied today, and it might get a little crazy.

Cheers!

BS

* I have discovered a new passion for Excel. This program is really cranking up the geek factor.

Why I chose the UW TMMBA program

Friday, March 27th, 2009

Erin Aselas, TMMBA Student

I have to admit my decision was not exactly calculated, but rather more a result of a gut-check. I went to the open houses and attended some classes at the other local MBA programs, but the UW TMMBA program seemed to resonate with me the most. I think although I am on periphery of technology, I was drawn to this program because I tend to enjoy the personality and the curious nature of technology professionals.

As a prospective student, I sat in on a class. I think it was managerial accounting (which to me was great, however probably not everyone else’s first pick). Anyway, I was impressed with the program, the faculty, the classroom discussion and the individual students in the classroom – pretty much everything. I highly recommend sitting in on a class so you can check things out first hand. This program is not only a large financial commitment but a huge time commitment. Make sure this is right for you – if it is, you’ll love it. (OK “love” is a strong word especially as I just coming off finals, but…you know what I mean.)

Where there is a will, there is a way…

Tuesday, March 3rd, 2009

Reetu Gupta, TMMBA Student

It’s Monday, almost midnight. Clock is going to change to next date any minute now. How will be my tomorrow? Equally busy – probably. Better in some way – Definitely! Every day when I go to bed, I feel I accomplished so much in my last 24 hours that I’m a better person than I was yesterday.

I am feeling really tired right now after reviewing my group project report for Micro Economics class. I look thru my home office French doors. Glass doors have hands prints of both my girls, aged 2 and 5. I’m wondering how do I do all this. Is it because I’m crazy or because I’m smart? I like to think of it as latter. What is it that drives me? Is this that every human has in him/ her? I’m sure I have had it for a long time. I never realized it till I came into this program. Now I know that how much more time “24 hours” has. Now I know how much human brain can absorb. Now I know how we can stretch ourselves to the limits we never thought possible.

I’m not saying it’s easy. I’m not saying you jump into ocean without knowing how to swim. I do believe though if you put your mind to it, you can do it. If I can do it, so can you. So here are few tips on how to prepare your self and your environment for this journey that you are about to take.

In March, 2008, I realized that I’m not using my full potential. All these years I had been looking for channels for my energy. I did find some like full time job along with community volunteering, project management outside my job etc. But all of that was not sufficient to make me feel “accomplished” at the end of each day. Then one day light bulb went off – “Why don’t I go for MBA?” That activated a different part of my brain. Excitement of going back to school, meeting new people, connecting with professionals and numerous other advantages set my mind in that direction. And once I made up my mind, there was no turning back. And I knew there is some fact to the saying ‘Where there is a will, there is a way.” That did it for me. Quitting was not an option for me. Even when it gets crazy, I never doubt my decision. One more thing that my neighbor told me just before the program “18 months will pass – MBA or not” is my new mantra. You have to think about it for it to sink in your mind.

In addition to preparing yourself mentally, you have to prepare your environment. That includes your immediate family, friends, co workers and the whole world that belongs to you. you have to prepare them in terms of their expectations from you.
Talk to your kids – They will have difficulty in understanding why mom or dad is gone so much. Even when mom is home, she can’t play with them since she has to finish her assignments. So talk to them before hand. Prepare them and make them understand. I have 2 and 5 yr old. It is harder with young kids but believe me, they get used to it if you prepare them well.
Take Vacations – In 2008 summer, after I got accepted in the program we took 3 big vacations where each time we went out of town for 4-5 days. That gave really good memories to whole family to live on for 18 months, before we take next big vacations.
Finish pending projects – We completed all near term home improvement projects. Minor things that need fixing and may distract you, while you are in the program, won’t be a headache if taken care in advance.
Organize - December 2008 was the spring cleanup and organization month for me.
Socialize - We did social gatherings in Nov-Dev, 2008 time frame and conveyed to all our close friends to expect less in terms of phone calls and get togethers, going forward.
Hire a house cleaner (if you can) – At least you won’t have to worry about dirty house. Calculate your time value in terms of money and I’m sure you’ll come out ahead with a cleaner option.

Overall, if you prepare well, you’ll thank yourself and you’ll be less distracted. If you need more tips, call me. Yes, I still have time to talk on the phone!

Why I chose the TMMBA

Friday, February 20th, 2009

Teagen Densmore, TMMBA Student

Halfway through my first quarter of the TMMBA program, I can absolutely say that I picked the right program for me. The TMMBA has great professors, helpful staff, a schedule that works for me and ice-cream! OK, ice-cream doesn’t really compare to the first three things I mentioned, but it sure is nice to have some frozen yogurt while your brain catches its breath during break.

The TMMBA is a rigorous program, certainly not for the faint of heart, but if you are looking for immersion into a great program, the TMMBA is worth checking out.

We live in interesting times…

Wednesday, September 17th, 2008

Tom Mackey, TMMBA Student

The market fell 504 points yesterday, and last night I didn’t sleep too well. I’m a TMMBA geezer; I’ll hit double-nickels on Friday. I know my Boeing VIP fund took a huge hit yesterday. I think my early retirement plans fell out the window right along with the market.

Yesterday was also my first day back at work after a short vacation. The week before that was Finals week, which capped off the third quarter of the TMMBA program. I was looking forward to this first blog entry and had composed a lot of it in my head as my life partner Marilyn and I traced a path to the Eastern Washington wine country, then back along the Columbia River, and finally to the Long Beach peninsula. This morning, as I ride the bus in to work, my mind is a jumble of disconnected thoughts — bits of composed blog entry, worries about the economy, the upcoming elections, factoids gleaned from our vacation and other road-trips, memories of the past three quarters, things I need to do at home, the difficulties at work where the machinists’ strike and an SEI-CMMI assessment have combined to make things even more hectic than usual, all spin together in my mind, each vying for attention. Suddenly a bumper sticker I saw once comes to mind: “Visualize Whirled Peas”. Peas in a blender — now that’s an apt description of my mental state right now! World Peace? I think recent events have not helped in that quest…

I volunteered to write because I thought I might provide a unique perspective on the TMMBA program. I’m a “late boomer”, and my parents were close to 40 when I was born, Especially in my mom’s case, her memories of the Great Depression were still vivid and so sometimes it is almost as if I had lived through that as well. My early years were shaped by the Mercury Seven, the tragedy of the Kennedy assassinations, race riots, sit-ins, and Kent State. The fabric of society was being torn asunder by multiple forces, and I was an awkward age — too young to participate and too old to not notice. The Viet Nam war was winding down during my draft year and I drew a high number. Looking back, entering the military would have been good for me. I could have used the discipline.

17-Sep-2008
So it’s the next day — the fur was flying when I hit the office yesterday and the pace didn’t slow until I got home — late. Marilyn had some kabobs for me to BBQ, and by the time we ate and told each other about our day, it was time to go to bed. The market recovered about 140 points, but the Fed announced after the close that it was putting AIG into conservatorship. Who knows what today will bring. The market opens in 15 minutes, which is about the time this rattling bus will let me off at the airport.

I did take a quick look at the blog site yesterday, and this entry has definitely taken a different tone than the rest. I didn’t see any place for comments like a normal blog; you are welcome to email me: tom.mackey@gmail.com if you wish to comment. I’ll incorporate relevant feedback in future postings.

Discipline, among other things, was what drew me to the TMMBA program. I was working as a lead Configuration Management specialist at The Boeing Company, and a young man was hired for my team. It was my first leadership position, and he is a Marine. He had served as a tank commander in Desert Storm, and although easy going and laid back, there was a quality about him, a steely self-confidence, that I deeply admired. I noticed his discipline in completing his tasks; this, too, was expressed in a quiet and laid back manner. When his grandmother passed away, he inherited a modest sum of money that she hoped he would use to further his education, and he started looking into MBA programs. I had been noticing the TMMBA ads on the buses downtown and something clicked. If he could be considering an MBA, why not me?

I have a decision to make w.r.t. my career — Boeing has both a technical path (the Technical Fellow program) and a management path. The nice thing is that you can move back and forth, within reason, so neither path is permanent. Regardless of which I choose to take, I recognized that I needed an advanced degree, or more specifically, the skills learned in obtaining such a degree, if I wanted to do well. This program, which has evening and weekend classes, and finishes in 18 months, seemed ideal. Once in the program, I found additional benefits — we are placed in teams by the TMMBA staff, and we progress through the program as a team. Since nearly every facet of today’s high-tech industry involves working in teams, the experience is both natural and instructive. A large part of what we do is making our team work more efficiently. I am lucky to be part of a great team. Our personalities both contrast and compliment, as do our backgrounds and interests. I’ll be writing more on the team aspect later.

Well, I am about to get off the bus, so once I get to my desk I will submit this entry and get to work. Future posts will touch on the various classes, lessons learned, teamwork, and of course, personal and interesting tidbits that hopefully will pique your interest.

PS: Well, the market is tanking again, as feared. We are in for a rough ride and I am glad to be in high gear learning mode again.

I have a saying: “If you stop learning, you might as well start dying.” The TMMBA program is a Fantastic place to keep learning!

-TomM

Why did you choose TMMBA?

Monday, August 18th, 2008

Kalpesh Shah, TMMBA Student

On one hand, I like my job, my employer and the people I work with. On the other hand, after more than 14 years of doing software development, it was time to move on. I wanted to move on to the business side of things and so it was time to get an MBA. However, quitting my job for a full time program was not an option for me. Did I mention I like my job? I like it even more every other week when I get the paycheck.

Once I started researching the various programs, it quickly became clear that TMMBA is the right program for me. I spoke to a number of current and previous students to get their feedback on the program. I visited one of the classes as guest student, something I highly recommend to anybody deciding on a program. Fortunately, the class I visited was Karma’s macroeconomics class. It was fascinating to watch how much she enjoys teaching the subject.

I also liked the fact that the program has duration of 18 months compared to 24 to 36 months of various other programs. Some people may not like the fact that there are no electives. In my books, this is a big plus. Frankly, it means one less thing I have to worry about. The fact that the program is located on the east side is just an icing on the cake.

Finally, I cannot say enough good things about the support staff. Every one of them is very dedicated to the program and helpful with absolutely anything we need. It also helps that their responsibilities include only the TMMBA program.