GMA/NET Impact Marketing Case Competion

The Graduate Marketing Association (GMA) and the Illinois MBA Net Impact hosted the first annual Marketing Case Competition last month. The goal of this year's competition was for current MBA students to provide expertise to a local non-profit organization. This year, GMA and Net Impact worked closely with the Illinois Green Business Association (IGBA), a local organization started by U of I alumni. The organization seek to help businesses in the Champaign-Urbana area green their organization through areas such as operations.

This year's winners were Jennifer Schmidt (MBA '11) and Nick Timpone (MBA '11).

The MBA program was happy to provide our personal and prior knowledge about small businesses and environmental practices to assist the local Illinois Green Business Association. Though it was a competition, we recognize that the combined contributions of all the teams will greatly assist this valuable student lead organization in fulfilling its mission. Fortunately for us, Jennifer’s expertise in environmental consulting and Nick’s knowledge within the local small business community combined to provide several “valuable ideas and concepts.” Anthony Santarelli – Director of Program Development for IGBA – said that he greatly appreciated all the teams hard work and creative ideas. He particularly liked Jennifer’s idea of “using recycled materials to construct the IGBA certificates.”

This was a great opportunity for us to represent the IMBA and apply academic concepts learned in the classroom into real-world solutions for an organization doing such important work. Best of luck Illinois Green Business Association in “greening the community one business at a time” and thanks again to all those who participated!

Study Abroad Opportunities

Here at the Illinois MBA we have a lot of different learning opportunities. Not only do students have access to a variety of courses, students are also offered the opportunity to study abroad. This includes taking week long seminars in Europe and Mexico City, Mexico. Each winter break, students take a week to interact with other MBA students in other countries. This year, students will be doing the same, spending a week in Mexico City at IPADE Business School. The week long seminar will focus on the economic, social, and cultural aspects of Mexico along with the tourism industry of the country. Illinois MBA students will work with IPADE student on team projects. Just like the Illinois MBA program, IPADE uses the case method in its business courses which provides a very hands on experience on business topics.

Students will also have the opportunity to explore the various social and cultural activities in Mexico City. This includes wine tasting, attending bull fighting events, tasting great food, and visiting museums. Students will also be able to experience the rich culture history of Mexico through its pre-Hispanic, colonial, and modern architecture.

The study abroad program is very unique. We currently have two exchange students from IPADE studying in our MBA program. We are all looking forward to them hosting us in Mexico City. It will certainly add to the Illinois MBA experience.

My First Year at the Illinois MBA

When I first started at the Illinois MBA program I was very eager to involve myself in everything that the program offered. Everyone met during the week prior to starting classes where we all participated in team building activities. As we entered into the semester, I find myself quite busy with team meetings, classes, weekly social events, and MBAA club activities. I remember feeling overwhelmed with assignments and classes. We often did our assignments in teams which can be challenging as there were many different personalities, working styles, and schedules within the team.

As I looked back to my first year, the one item that I wished I had mastered prior to entering the program was time management skills. With the amount of activities the MBA program offered along with the many assignments and classes, I did find myself over stretched at times. However, my classmates and the professors were extremely supportive. You can always expect them to help and go to them for various advice.

Now that I am in my second year I am able to form my own schedule. In the first year, the MBAs are required to take core classes. These classes give you a perspective on a wide range of subjects and provide an opportunity for students to explore new topics. These classes range from marketing, finance, organizational theory to strategy.

The best way to start the MBA program is to keep an open mind. Don't narrow your choices and be open to all the opportunities presented to you. I can't even begin to explain the amount of new skills I have acquired in the past year. I just know that I wouldn't trade my experiences and new knowledge for anything else in the world.

Sustainability in the Illinois MBA

One of the highlights of being in the Illinois MBA program is having the opportunity to choose classes from a wide variety of subjects. As a second year MBA student I am currently enrolled in a class that addresses marketing and product development in subsistence marketplaces. Each week we take a look at the lives of those living in poverty stricken environments. We aim at identifying key elements that affect the day-day living and develop products that would enable better living standards and situations. The course is taught by Professor Madhu Viswanathan, who has been involved in this field for more than 15 years. By the end of the year long class, students will recieve a Certificate for Excellence in Sustainable Management and Technology. The best part if this class is the opportunity for students to take a trip during the winter break to India. I am very much looking forward to this trip where I will experience firsthand the operations in subsistence marketplaces.

The Illinois MBA program is very active in integrating sustainable topics into its courses. Our new business building certainly reflects our core belief that we can effectively and positively impact our world through best business practices.

I hope that I have been able to show you a different side of the Illinois MBA. I am having an exciting start to the new semester and I look forward to sharing more insights with everyone on this blog!

MBA Women in Business Tailgate

Football season has finally started! It's that time of year again when students gather early in the morning to begin their tailgating rituals. Last weekend was our first football game, Illinois vs. ISU, and the MBA started the season off with the Women in Business tailgate. With over 75 students and their family and friends showing up, we had a great turnout and a ton of fun! With food catered from Blues BBQ, thanks to our gracious alum Leah Pettit, games and beverages provided by WiB everyone had a great time!

Average Monthly Expenses

Now that we are done with exams and wrapped up our first year, and I have some time at my hand, I thought of writing down this stuff which might be of help to the incoming students, especially the international ones who continue to speculate as to what the average monthly expenses are going to be.

As part of the admissions package, you must have received a form which states the first year expenses to be around some $50000+, inclusive of the monthly expenses. And this leaves many worried every year. Well, this is a standard university form and is just a reflection as to what the maximum expenses might be. But here is what you would actually land up spending on a monthly basis:

Accommodation - $400-$500 including utilities (electricity, water, heating, internet in come cases)
Food & all SPIRITual commodities - $150-$200
Books/Course Packs - $100(assuming about $400 per semester)
Cell Phone - $50-$75
Miscellaneous - $100

These would be the likely expenses for a student without his/her own car and uses the bus service. So in any case, on an average, one would land up spending about $700-$800 on a monthly basis for living and other related expenses. These are just approximations based on my personal experience as an international student.

So, I hope I have been able to do away with some of your apprehensions about the monthly expenses. The summer is getting beautiful here and we all are looking forward to meet each one of you. Trust me, it is a great place to be and have fun! Till my next post….Aloha Comrades !

Business Instructional Facility

When I was about to join the Illinois MBA last fall, I was truely excited about the new Business Instructional Facility. I had read and seen pictures of it, but did not get a chance to know about it all before I came here.

While browsing the UIUC media site, I stumbled upon this video about our BIF and thought of sharing it with all of you.