Category Archives: Why TMMBA?

Success @ the Buerk Center Biz Plan Competition

Mikaela Houck, Assistant Director

Congrats to TMMBA students who showed off their entrepreneurial skills at yesterday’s  Buerk Center Business Plan Competition (BPC) “Sweet 16” Round – TMMBA had representation on two of the 16 teams:

IonoMetal Technologies (TMMBA Student: Pritam Das)
With its revolutionary patented technology and demonstrated tool, Ionometals will not only make the earth a better place to live by reducing landfill of semiconductor waste, but also help save approximately $0.5MM for every semiconductor testing company.

Spectral DNA (TMMBA Students: Michael Franklin, Bryan Kessler, MJ Pattanshetti and Tyler Sims)
Spectral DNA’s goal is to deliver a conformable solar fabric that can be fully integrated into a multi-use model for ubiquitous power generation. We aim to micro-design these 3D conformable fabrics into clothing, and other needed uses and applications for ubiquitous power. This can be used as a mobile power generation house without connecting to wires.

Both teams represented TMMBA well with their polished presentations and innovative business ideas. Furthermore, the IonoMetal Technologies team took home the “Best Clean Tech Idea” and $2500 prize.

Yesterday’s round  was the culmination of months of hard work and dedication for the teams. The competition formally began in early April with over 92 submissions and over time whittled down to the best of the best at yesterday’s Sweet 16 – all vying for the ultimate grand prize of $25,000.

Year after year, the Buerk Center BPC is a focal event for many of our TMMBA students. The competition allows them the great opportunity to put the skills they’ve gained in the classroom to the test – from developing business plans to honing their pitching and presentation skills. The competition also grants teams unique access to the thriving Seattle start-up community (VCs, angel investors, and more!).

Way to go teams IonoMetal Technologies and Spectral DNA! Also, a special call-out to team Zetection (with TMMBA student Anna Gall) who advanced to the earlier Investment Round of the competition.

Check out a few photos from the competition (Investment Round on April 29):

 ??????????????????????????????????????????????????????????????     Spectral DNA @ the Investment Round

Interested in learning more?
Read about past TMMBA successes at the BPC
Click here for full results of the 2014 BPC

 

Xin Chào from Vietnam!

Mikaela Houck, Assistant Director

I’m currently writing this post from Ho Chi Minh City, Vietnam where 22 Class 13 students have just kicked off their 10-day International Study Tour experience. Jet lag didn’t hold anyone back as we hit the ground running and began to explore this great city and all it has to offer.

Our first day of the tour acted as a great way for everyone to get our bearings – we started the day with a city tour of Ho Chi Minh City and explored the Presidential Palace and some beautiful French colonial buildings including the Notre Dame cathedral and city post office.

For the afternoon, we ventured out to the Mekong Delta and meandered through a maze of waterways. We had a couple stops along the way where we enjoyed local fruits and tea, music, and encountered a python (yes – I said a python). And a few folks were even brave enough to snap a few pictures with it. I was not one of them!

We capped the day with a celebratory welcome dinner to mark the beginning of an exciting tour to come. From a dynamic group of company visits that includes industries as such banking, technology, automotive, logistics, tax and inward investment, and market research and media (Ford, Cisco and Citi Bank to name a few companies) to unforgettable cultural experiences and phenomenal Vietnamese cuisine – the next 10-day will surely be a whirlwind that will not disappoint.

IST medium

 

About the TMMBA International Study Tour:
The International Study Tour experience is an optional tour for TMMBA students that occurs in the second year of study and gives students an opportunity to immerse themselves in a different cultural and business context than the one in which we all typically operate day-to-day.  Students who partake in the tour have the opportunity to visit companies, tour manufacturing facilities, and meet business leaders and government officials. Click here to view blog posts from past Study Tour experiences.

The TMMBA ROI Series: Part 3

Ally Wewers, TMMBA Recruiting and Admissions Coordinator
ROI

In Posts 1 and 2, there’s already been ample discussion about the ways that TMMBA students and alums calculate their return on their investment. While we conclude today with three final categories to the TMMBA ROI, it’s safe to say there are still many components to add to this conversation:

Powerful Network

The TMMBA alumni network is truly one of the greatest assets of the program. With close to 800 TMMBA graduates, it is a diverse community that represents a variety of industries, functions, and companies. Additionally, the larger Foster School network connects more than 50,000 business professionals – creating a huge presence in the Puget Sound region and beyond.

 So how do TMMBA alums relate network to ROI? For many, the value comes from the exposure and access to new contacts, companies, and most importantly – opportunities. As alumnus Kevin Croy (TMMBA ’12) can attest, “The caliber of people on your team and the network you’re exposed to directly impacts your career.” Through an introduction from one of his TMMBA teammates, Kevin met his current business partner, leading to the development of 9MileLabs, a Seattle based high-tech accelerator.

 Another value of the TMMBA network is that it never stops growing. With each new cohort, the TMMBA community expands and provides access to more support, resources, and connections. “My network has exploded almost exponentially” remarks student Chris Zilich. “The connections I’ve made via my team and other classmates have been invaluable.”

 Personal Growth

Can you put a price on confidence? How about personal development and leadership skills? TMMBA alumnus Ameya Bhatawdekar (TMMBA ’10) explains that “it’s hard to put a dollar value on the measurement of ROI. But my most important indicator is knowing that I’m a different person today for having completed the program.”

 While the TMMBA program offers a comprehensive business curriculum, the learning in the program goes beyond business concepts, calculations, and frameworks. Emphasis on strategic decision making, effective leadership, and innovation challenge the individual and change their ways of thinking. 100% of recently surveyed TMMBA alumni cited an increase in confidence as a result of the program. Coupled with increased self-awareness, time management skills, and a sense of accomplishment, the return for the individual is unparalleled.

 Convenience

While it’s not a typical return, the convenience, support and services that the TMMBA program provides helps some students substantiate part of their investment decision. Many alums point to the convenient Eastside location- there’s less time and money spent commuting to class (especially in comparison to other non-local MBA programs). The 18-month program and work-compatible schedule also allow students to continue their current careers – without having to forfeit years of income and career experience to pursue their degree.

By providing textbooks, electronic course materials, registration services and more, students can focus on homework or family time, not worrying about the logistics of classes. Similarly, catered meals on class days allow students to come  from work and network with classmates over dinner – or finish up on last minute homework. As alums have noted– everything about the program is designed to make students as successful as possible.

______

With the variety of topics that we’ve covered in these last few posts, it’s obvious that the ROI for TMMBA students is multifaceted. From network to rankings, salary increases to personal growth, every TMMBA student and alum calculates their return in their own way.  We’ve started the discussion – now how will you calculate the ROI for your own MBA?

Missed a post? Catch up!  Part 1 | Part 2 | Part 3

TMMBA Student Prevails at Science & Technology Showcase

Congrats to TMMBA Class 13 student, Pritam Das, for excelling at the Science and Technology Showcase in early February. The annual showcase (co-hosted by the Buerk Center for Entrepreneurship and SEBA) is a tradeshow type event where student pitch their ideas and innovations to a panel judges consisting of Seattle area entrepreneurs and investors.

“During the showcase, we were challenged by the judges that ranged from local venture capitalists to scientists from NASA, from every angle of a robust business model. We used the experts’ challenges as an invaluable tool to hone our business models for future commercialization of our product,” shared Pritam.  

IMG_4188_updated

Pritam and his teammates from the Chemical Engineering Department at UW placed 2nd overall and were also awarded Best Marketing Strategy. Their idea, Electrometal Solutions, is a unique approach of putting metals onto surfaces using advanced electrochemical techniques.  The applications of this advanced technology can range from security applications to the decorative market. Currently, their application is targeted towards the semiconductor industry.

We’re excited to see what’s in store for Pritam and his team.
Next stop – the Buerk Center Environmental Innovation Challenge. Best of luck!

The TMMBA ROI Series: Part 2

Ally Wewers, TMMBA Admissions & Recruiting CoordinatorROI

Last week’s post addressed a few of the many ways that TMMBA students and alumni calculate the return on investment for their MBA experience. The discussion today centers around three additional consideration points- salary growth, career progression, and the lifelong resources of the TMMBA program.

Salary Growth

Compensation increase is often the focus of ROI conversations given that it’s easily quantified. While  sole emphasis should not be placed on an MBA’s monetary value, it is still an important piece to the ROI puzzle.

TMMBA graduates continue to see considerable return for their initial investments. As knowledge and skills grow from an MBA program, pay raises often follow as employers see the benefits of the education.  In fact, in a survey of TMMBA alumni two years post-graduation, 95% of respondents reported an increase in salary – with an average increase of over 20%.

Career Advancement

Oftentimes, career growth goes hand-in-hand with salary increases. Whether students are looking for promotions, functional changes, or to start their own companies, TMMBA helps to advance the timeline for these goals.

“When I think of the next levels I wanted to achieve in my career, TMMBA significantly accelerated my ability to achieve those milestones. In the classroom, I learned concepts that could take years to grasp on-the-job,” remarks alumnus Jeremy Hutton (TMMBA ’13).

With a relevant business curriculum incorporating technology, innovation, and professional development, TMMBA students find that their MBA is a competitive advantage in the market. For those looking to move up, an MBA opens to door to greater responsibility and management roles. Some TMMBA students are hoping to change functions or industries – and upon graduation are more qualified to pursue outside opportunities. Entrepreneurs can also improve future success when equipped with knowledge and resources from the program.

Lifelong Resources

Speaking of resources, it’s important to note that the benefits of the TMMBA program don’t end upon graduation. TMMBA alumni still have access to workshops, guest speakers, networking events, career coaching – even classes. Whether it’s a new course that’s been added or a subject that needs refreshing, many alums take advantage of class audits and lifetime learning.

TMMBA Career Services adds notable value for both students and alumni. From resume workshops and panel discussions to 1:1 coaching and Career Mixers, there are plenty of ways to leverage TMMBA career resources.

Given these potential value propositions of an MBA, it’s still up to students to leverage their education and capitalize on growth. As Jeremy can attest, “It’s never going to be less expensive to get an MBA than today. The return starts immediately – as soon as you learn the concepts in class and start applying them. Take advantage of the opportunity.”

_________________

Missed a post? Catch up!  Part 1 | Part 2 | Part 3

The TMMBA ROI Series: Part 1

Ally Wewers, TMMBA Admissions & Recruiting CoordinatorROI

Return on Investment (ROI) for an MBA degree is a common topic when talking with TMMBA students and alumni. Whether they measure their return in dollars or more intangible assets, it’s clear that the UW Foster TMMBA program provides substantial value for graduates.

Over the coming weeks, we’ll look at some of the various benefits that TMMBA students and alumni use when measuring the value of their Foster MBA degree. As you’ll see, there are many elements to consider in this calculation.

Immediate Value

From day one of Immersion Week to the last Capstone course, TMMBA students experience the real-time ROI of their newly gained business knowledge.

“My ROI becomes visible as I begin to apply my learning directly to my work,” remarks Padmaja Vrudhula, who will graduate in June 2014. For Padmaja, the immediate relevance of TMMBA’s curriculum was clear when she was exposed to different cost comparison concepts from TMMBA professor Lance Young. When she applied these concepts at work, the change in approach to valuations saved her client roughly twenty million dollars.

Like Padmaja, the majority of TMMBA students work full time, and they are encouraged to bring workplace experiences and examples into the classroom. Students are then prepared to apply solutions at work the next day – earning immediate dividends the moment they begin classes.

A Highly Respected MBA

Ranking institutions (including U.S. News & World Report, Businessweek, and Forbes) consistently recognize The UW Foster School for the strength of its graduate programs and success as a school. While rankings don’t always complete the picture, our alumni acknowledge that it does sometimes play a factor in their MBA investment decision.

Kevin Croy (TMMBA 2012) explains “We are so fortunate to have such a prestigious and well-respected research university in our backyard. I’m proud to be associated with the UW and the Foster School of Business.”

With brand recognition across the U.S. and beyond, an MBA from the Foster School of Business ensures that your credentials will hold value and be well-recognized. TMMBA students realize the benefit of being able to attend a top-tier institution without leaving their hometown.  In addition, the TMMBA program itself has developed a strong reputation since admitting its first class 13 years ago.

__________

 Our next post (Part 2) features alumni perspectives on how career and salary growth factor into TMMBA ROI calculations. Also, take a look at these videos from TMMBA ROI panel discussions.

Missed a post? Catch up!  Part 1 | Part 2 | Part 3

Above & Beyond: TMMBA Students Participate in Recording-Breaking Holiday Drive for Food Lifeline

Mikaela Houck, Assistant Director

Earlier this month, TMMBA Class 13 & 14 joined forces during the annual holiday drive for Food Lifeline to raise a combined (unofficial) total of 1370 lbs of food donations! We’re pleased to share that this impressive contribution marks an unparalleled effort to that of any past TMMBA holiday food drive and certainly sets the bar high for future holiday drives to come. What’s even more notable is that the food drive took place during an extremely busy period for both cohorts, and yet the students still made this holiday food drive a shining success. A true testament to the strength of the TMMBA community!

In addition to our annual holiday drive, each year TMMBA also partners with Food Lifeline for a volunteer day at their Shoreline Distribution Center.  Our TMMBA group spent last Saturday afternoon repacking over 2800 lbs of wheat flour. Over the years, TMMBA students, alums, faculty, staff and family members have volunteered to repack over 12,000 lbs of food that has contributed to countless meals over the greater Western Washington region. The volunteer day serves as a great opportunity for the TMMBA community to connect with each other and support the tremendous need to end hunger in Western Washington. In 2012, Food Lifeline distributed more than 36 million pounds of food, the equivalent of more than 30 million meals, to feed hungry people throughout Western Washington.

A look @ the numbers:

  • 30 million: number of meals provided by Food Lifeline in 2012.
  • Over 12,000 lbs: total amount of food repacked by TMMBA volunteers @ Food Lifeline over the years.
    View past event photos
  • 1370 lbs: 2013 unofficial holiday food drive total.
  • 21: number of TMMBA volunteers @ 2013 volunteer event.

A look @ TMMBA in action:

photo 4

guys putting on aprons

 

 

 

 

 

 

Thanks to everyone at TMMBA who has volunteered or contributed to Food Lifeline over the years – we greatly appreciate your efforts and generosity!

TMMBA Week in the Life: David Ginsberg, Day 6

David Ginsberg, TMMBA Student, Class of 2014

Woke up this morning to a gorgeous blue sky, a very welcome change from the last few days.

image

I slept a bit longer than I should have so I left a bit late, and sped over the bridge, through Seattle, and across the lake to the EEC, missing breakfast for only the 2nd time since the program began. I did manage to grab a bowl of yogurt and granola and get into class less than 10 minutes after it started, and I think the extra sleep was worth it because it will help me stay focused better throughout the day. Our first class this morning is Managerial Accounting, and unfortinatley we’re not going over the midterm today. We are, however, reviewing the two case studies that were due before class started this morning. We just went over the solution for the first case and I got it almost entirely right, even catching some of the ‘gotchas’ hidden in the case. This bodes well for our next exam, which will cover this material. Accounting has probably been the biggest surprise for me – I dreaded Financial Accounting last winter quarter and it ended up being my favorite class that highly quantitative quarter, and this time Managerial Accounting is a close second to the Leadership Development during our Leadership Immersion at the beginning of this quarter. Not that I’m going to suddenly shift direction and go into accounting, but I’ve ended up enjoying both subjects and have done reasonably well in them.

During our morning break I talked to a couple students from the Monday section who told me that our Operations & Supply Chain Management professor told their class this morning that up until now it’s been easy and we should expect it to become more difficult from today on and to take much more of our time. Awesome, because I’ve been looking for things to do with all that spare time I’m spending sleeping 5 hours per night!

Lunch was delicious…today I was a bad vegetarian and had the beef vegetable stir-fry. I don’t regret it (the cow might, but that’s a question for a philosophy class). For the afternoon section we had five visitors. Visitors come periodically, sometimes prospective students, sometimes former students. It’s rare to have so many at once but always nice have visitors, especially when they engage in the discussions. This group was from next year’s class, and I think the first half of class scared them off because none of them came back after break (this is probably just as well, because after break came the most difficult and technical lecture of the entire course). By mid-afternoon I needed another cup of coffee. Caffeine is your friend in a full-time graduate program designed for working professionals. I like to call it liquid sleep.

Do not be alarmed…
image

It looks like the rest of the quarter will be pretty intense: the midterm for this class gets released Thursday, immediately after that’s due the final for our Strategic a Management of Technological Innovation is released, and once that’s done we have the finals for this class and Managerial Accounting. Winter break has never looked so good!

TMMBA Week in the Life: David Ginsberg, Day 5

David Ginsberg, TMMBA Student, Class of 2014

This morning I met with our CMO to engage marketing in an initiative I’m working on, and this afternoon we had a department outing to The Garage where I bowled solidly in the 80s. Ok so maybe I don’t have a career in professional bowling ahead but we had a good time and nobody took it too seriously. All but my team are moving to a new office down the street and their things were being moved as we bowled, another sign of a rapidly growing company.

Today it finally feels like November again and it was raining at lunchtime. Luckily there are plenty of loaner umbrellas available at the office.

IMG_4713

After The Garage I met a group of old friends for happy hour, a rare occurance with such a busy schedule which made it all the more enjoyable. Tonight will be an early night, we have breakfast at the EEC early tomorrow morning before class starts at 8:30. It was good to have a little down time, it’ll help refresh me for tomorrow’s seminars

This quarter seems to be flying by, I can’t believe we’re halfway through it already. Class 14 had their welcome reception recently. I remember ours last November…in a way it seems so long ago now because we’ve learned so much and gotten to know each other quite well, but in another way it’s hard to believe it’s already been a year. We’ll be graduating in June and that’ll be here before we know it.

On that note, goodnight!

TMMBA Week in the Life: David Ginsberg, Day 4

David Ginsberg, TMMBA Student, Class of 2014

Today my schedule opened up a bit at work and I had chance to actually produce some work. I also found time in the morning to meet a daytime Foster MBA student for coffee and an informational interview. I also passed along resumes and glowing recommendations of 2 of my fellow TMMBA students to our recruiting department, helping to shepherd them through the screening gauntlet so they can secure an interview. The rest will be up to them – good luck guys!

On Thursdays we have review sessions, and the number of them varies from one to three depending on what’s going on in each of our courses that particular week. Next week, like last week we’ll have three reviews in a row which makes Thursday nearly as long as Wednesday, but this week we only had one: Operations and Supply Chain Management. I decided I couldn’t spare the extra hour on the road going to and from Kirkland and attended remotely (this is an option for the review sessions, and many students in our cohort choose this option each week, although I’ve only attended remotely once previously). Tonight we had numerous technical difficulties with the sound which reinforced my belief that its better to attend in person whenever possible. Technical difficulties aside the reason for the review is that we have a big problem set due this weekend and a midterm coming next week, and our TA did a good job of reviewing the concepts we’ve learned and walking us through the types of problems we’re likely to encounter on the midterm. As with all things new, practice and repetition are the keys to getting this stuff. Next week we’ll find out how well we got it.

Too much to do to write more tonight, thanks for checking in & I’ll be back tomorrow with the next installment.