Tuesday, March 10, 2015

New U.S. News & World Report Ranking



We are very excited to announce that the Rutgers Business School Full-Time MBA Program broke into the Top 50 Best Business Schools in America! U.S. News & World Report released their rankings today and Rutgers moved from #60 to #48. In addition, the Flex (Part-Time) Program also ranked #48 and the Supply Chain Management Program ranked #11. Learn more about the ranking methodology here.  Go RBS!

Saturday, March 7, 2015

2nd Annual RBS Night Out with the NJ Devils


The Prudential Center, where the New Jersey Devils play, is just a 15 minute walk or 5 minute light rail ride from 1 Washington Park. Last night, the MBA Student Government Association (SGA) secured tickets to see the NJ Devils play against the Columbus Blue Jackets. Over 30 Rutgers MBA students took over Section 1 of the arena. Despite allowing two relatively early goals, the Devils played a strong last period and came close to tying the game. The game finished in a 2 – 3 loss, but everyone still enjoyed the night. Thank you Riley Miller for organizing such a fun event!










Monday, March 2, 2015

Rutgers Business School Welcomes The Management Consulting Club

Executive Board Members of the Management Consulting Club

This semester two students from the Class of 2016 formed a new club at Rutgers Business School: The Management Consulting Club. The founding Co-Presidents, Rupa Banerjee and Pam Soffer, recently took the time to answer some questions about the new club.

What is the vision behind the Management Consulting Club? 
The Vision of MCC is to enhance the MBA experience of students by helping them understand, appreciate and solve real business problems. The MCC will bring several avenues to expose students to the world of consulting, thereby giving an opportunity to evaluate consulting against their sense of fit.

What motivated you guys to start the club? 
Firms all around the world are looking for problem solvers. We wanted to help students become better problem solvers by bringing to them several avenues to work on time bound business situations that have strong financial implications.  This would prepare students for case interviews and case competitions and would give them significant competitive advantage over other graduate students.

How has the process been starting a new club at Rutgers Business School? 
The process of starting MCC has been great. We've had a lot of support from faculty and are excited about upcoming events. 

What kind of events do you have planned for the semester? 
In February we held a Kickoff Meeting where we shared our ideas about the club with students and faculty. We also got feedback from many students and club members about what they want to get from MCC. On March 25th we are holding a joint event with the Pharmaceutical Management Club on case preparation. Gartner Consulting will visit RBS on April 9th to speak about consulting sectors and popular language. Finally, the Rutgers Deloitte Recruiter, Joe Slota, will hold a session on the “Dos and Don’ts of Case Interviews” sometime this spring.
We hope you all will be able to join us for the events this semester!

Rupa Banerjee has 6+ years of experience in business process outsourcing and capital market consulting. She was a tech recommended, campus recruit at Wipro technologies. She started her career as an IT consultant and made her way to business consulting working for two of the world’s largest securities banks, Bank Of New York Mellon and State Street Corporation, helping them create/re-orient business process models to structure problem solving for faster delivery.

Pam Soffer has 8+ years in project management, and most recently worked with two companies as an internal consultant to spearhead their PMOs to align projects with business goals, develop competitive price structures and create strategic with market needs and company resources. She currently is a consultant with the Project Management Institute to assist schools with offering PMP courses. 




Friday, November 14, 2014

Internship Experience with a Non-Profit Organization


When I was given a chance to compose my own words about my internship experience, the first thought which came across my mind is how I can add value to future Rutgers MBA graduates via this write-up. I was sure that writing about my experience with a non-profit association would really make them to take notice. This summer, I was lucky enough to work with American Academy of Physician Assistants (AAPA) headquarters located in the Washington D.C metro area. This internship was the most satisfying experience I have had thus far. I got my internship through the Simplicity OCM and I am still continuing as a co-op with AAPA.
 

The Set-up 
The disadvantage of most non-profit associations is that they don’t have enough funds to hire all the employees they need; resulting in heavy workload for the small number of available employees. This is where eager and intelligent interns come in play. I want to also point it out there that most non-profit are willing to pay a decent amount for their interns; because they recognize the talent we bring in. Moreover, when we are given a chance to make a positive contribution to the society by working for a non-profit entity, the amount of gratification which we get when we succeed will be enormous.
Roles and Responsibilities
There are not many people who work on strengthening supply chain and business processes in non-profit organizations. This allows for more hands-on opportunities for interns. I started my role by interviewing staff about business processes, reviewing contracts and also assessing on going procurements. I had the opportunity to attend FDA hearings on Capitol Hill, present to members in board meetings, organize and present to whole staff, speak with corporate donors and collaborate on numerous vendor projects.
Relevance and Social Connections
Non-profits usually have a team of board members who are involved in everyday activities. Hence, they have better relations with the staff. I was invited to a three day long board meeting which proved to be a great way for me to expand my network and make important connections. I also got the opportunity to learn how whole year of work is put in to have a successful annual conference.
Rewards
The vital characteristic of interning with a non-profit healthcare association is the rewarding feeling of truly making a difference. This helped me to contribute and experience the magic that motivates the staff.  I had the opportunity to help coordinate smooth transition of ERP and I learnt the processes of logistics arrangements which are done behind the scenes. Also, I had the chance to work directly with CEO and especially felt honored when I was asked to be a part of her meetings with outside consultants. In short, AAPA gave me my first break in healthcare industry, non-profit world and supply chain management.
The Way Forward for Freshers
Many freshers are not aware of the benefits of interning with a nonprofit association and how much they appreciate your work for them. In return, you can also expand your skill set and develop critical relations with other professionals. So if you looking for a fast learning environment during your internship, consider any one of big non-profit organizations to gain valuable experience in learning how to survive among vagueness and how to add value to the society via your work. I hope I was able to clear some of the doubts through this small write-up.
Wish you all the best!

 

Monday, October 20, 2014


How to Make the Most of Your Summer Internship
By: Chris Lettini
Home Depot’s new slogan “Let’s Do This” is how you should approach your summer internship.  I came into my summer internship within global procurement at Pfizer with a positive, can-do, roll-up-my sleeves attitude.  This attitude went a long way in completing my projects on time, but most importantly, fitting in with those around me.  Most of your summer internship opportunities are meant to see if you’re a fit for the company and that the company is a fit for you.  You can best figure this out by immersing yourself completely in the company culture.  Pfizer did a great job of making sure we were completely immersed by having team-building activities, an MBA case competition, a volunteer day, as well as MBA networking events and brown bag sessions.  However, if your company does not offer formal events, you should make sure to learn the culture to the best of your ability. 


 
 

I’m not going to tell you to work hard on your projects and show a strong work ethic, that should be a given for any MBA’er.  What I want to impart on you are the “other skills” that will help you get recognized during your summer.  You need to separate yourself from other colleagues as your internship is really a three month job interview.   There are many ways to do so and Dean Vera gave some great advice prior to my summer.  Listening to his advice was a great way to not only make sure I enjoyed my summer experience but also received a full-time job offer upon internship completion.

Connect with those both in your business unit and outside.  The best way to learn about the company and different roles is through informational interviews with colleagues.  I put this very high on my internship responsibilities list, alongside my projects, and spent about 20% of my summer internship speaking with colleagues and learning the company culture and strategy.  I found that not only did they enjoy the discussions, but it enabled connections that helped me complete my summer assignments.  If you mention what you are working on, oftentimes colleagues will connect you to someone who has either completed a similar project or can lead you in the right direction.  Plus, if you come across as smart and driven, recommendations will spread through word of mouth should your name come up for an opportunity.  Plus, when it comes time for your end of summer presentation, you don’t want those in the audience to be meeting you for the first time and say “Who is this person?  I’ve never met them.  They never took the time to get to know me.”  You want them to be your allies and the only way they can possibly be is if you have taken time to get to know them. 
I cannot emphasize enough how much connecting with other colleagues will benefit your summer.  Also, be sure to write friendly follow-up emails after your conversation thanking your colleague for their time.  Your colleagues are very busy and go out of their way to sit down with you, don’t abuse this privilege.  If you think the conversation went well, it also wouldn’t hurt to connect with them on Linkedin.  This helps your colleague put a face with a name and they can also view what you’ve accomplished throughout your career. 
You should also make sure to connect with RBS alums within your company for the same reasons stated above.  They can be great allies and help both on questions regarding your project and facilitating connections within the company.   Remember, they’ve been there and also had help along the way and you’ll be surprised how much they want to help.    
Connecting with people and being a friendly colleague goes a long way.  You must genuinely want to meet people and learn about their career and the company.  If you are not genuine, it will show, and perhaps that company or industry isn’t the right fit for you.  Your connections must also be a two way street.  If there is something that interests you and you think it could help your colleague, share it with them.  Making your colleagues life easier goes a long way toward making a meaningful connection.  
The next piece of advice I’d like to give regarding immersing yourself in the culture is to volunteer or organize events, join a sports team or intercompany clubs.  Get out and meet people.  Most companies offer many extra-curricular activities.  Meeting colleagues of all levels and connecting outside of work is another good way to see if there is a fit, plus potentially help you connect with colleagues who may have similar interests.  I volunteered for everything during my internship.  I had previously worked on a recreation committee at my past company.  When it came time to plan a summer picnic for my group at Pfizer, I jumped at the chance.  Not only do I like event planning, but it made me visible to people throughout the company who I may not have otherwise connected with.  Being visible and taking a leadership role is important during your brief internship.  These are qualities that many companies desire.  
You won’t be given direction through every step of your summer projects since your managers are very busy, so you must make the most of your time with them.  Do your due diligence if you have a question for them.  Research thoroughly and ask questions of others at your level, before you go back and ask for help.  Take initiative and lead your project from start to finish with minimal handholding.   This will go a long way to show that you are a self-starter.  No one wants to hold your hand throughout your internship.  Take ownership.  This is a very important trait within the Pfizer culture and part of what led me to work there. 
 
 
One of the best pieces of career advice I was given this past summer was from a VP in Procurement.  He said throughout my career to be “positive, polite, persistent, and productive.”  Doing so will result in a fulfilling, successful career.  I agree with this attitude wholeheartedly.  You cannot just have one or two of these characteristics, you must seek all four.  Being positive and polite will only go so far and you need to remember that this is an extensive job interview and you need to produce.   Be persistent without being annoying and you will be productive.    
My final piece of advice is to pay it forward.  I was given so much great advice from the RBS Class of 2014 during my internship search and I sincerely appreciate it.  I wanted to write this blog to begin paying it forward and help members of the Class of 2016 secure your dream job.  If I can be of any additional help along the way, please contact me.    
Good luck and make sure to listen to the Office of Career Management, they know what they’re doing! 


 

Monday, October 6, 2014

Manasa Parakala - Novartis Summer Internship

 
“Good things come to those who wait but better things come to those who are patient”.
 
When I chose Supply Chain Management as my primary specialization, I had to decide on my career path for the next 2 years, 5 years and 10 years. This goal needed to be very clear in my mind, my elevator speech and during my interviews. A good amalgam of improving skill set, perseverance to fare better each time, and passion for science and technology, brought me an offer from a Biopharmaceutical company.
 
In one word, Novartis found me. I received an offer within 24 hours of solving a case and after surviving an earnest scrutiny by a panel of three interviewers. The role was to be an integral and active part of the Brand Team. It was immensely excited to work for the General Medicines unit of Novartis on a product named TOBI Podhaler. Even more gratifying was the role that gave me opportunities to contribute in a small but significant way to the betterment of lives affected by Cystic Fibrosis. Soon I began learning more about Marketing as well, to gain the best out of my three month summer internship.

 
The Brand Director, Michael and Associate Director, Katherine trusted me with a lot of responsibility. During my time, I directly worked on five different projects and with 12 different agency partners. My background in science and technology and experience in research helped me identify the scientific and technical nuances vital to improve internal processes. I supported the Brand Team by framing strategies to increase ROI through spend and budget analysis and inventory management, managing and reducing risk by working with Legal, Regulatory and Compliance on crucial projects, and achieving consistency in Brand promotion by designing and promoting educational materials for physicians and patient use. The Team wanted “new eyes” to obtain a fresh perspective on the ongoing work and were glad to have recruited me.

 
So, what worked? Inherent curiosity to learn more, critical thinking abilities, achieving goals within specified deadlines and posing structured questions at the right time . This is the positive feedback that I received at the end of my final presentation at the cross-functional team meeting. I opine that these qualities also helped me to easily build my network with various teams, units and agency partners working for Novartis.
Amidst all the work, I did find time to enjoy Lunch & Learns organized by the company for all the summer interns. It was vital for each one of us to learn about drug development, drug product naming and also network well with senior professionals. The visit to Novartis’ Manufacturing site was educative too. We interacted with scientific, technical and management functions at the site. I have had the pleasure of knowing some talented individuals from different universities at these events. Together we enjoyed on and off campus meals, coffees, and short walks on the green vast Novartis space.
Overall, my Summer Internship at Novartis has been an enriching experience. Without an iota of doubt, I can say that this experience will help in the furtherance of my career. My ultimate goal is to work in Strategic Sourcing for a Biopharmaceutical company or to work as a Strategic Consultant for a Consulting firm. This semester, I am more confident and will strive further to make this goal achievable.
 
“The tallest oak in the forest was once just a little nut that held its ground”.
 

 
 
 
 
 

Thursday, September 25, 2014


Well, when you put it that way..

How reframing a problem can help avoid unethical decision making 
 
 

As I started frantically flipping through the pages of my first exam as an MBA student, I was taken aback by a question that included the results of a recent class poll.

The poll was given to us after reviewing a case of a fictional Pharmaceutical company. This imaginary company was manufacturing a drug, Vanatin, which in light of many years of research was found to be the cause of 30-40 unnecessary and preventable deaths each year. A few key factors that were important to consider in this case is that Vanatin was the most profitable drug in our pharma’s company, there were other drugs made by our competitors that treat the same symptoms but without the deathly side effects, and that the FDA will soon begin an attempt to ban the drug.

After some small group discussion, our class was asked to write down how we personally believe the company should move forward. We were given 5 options to choose from, which ranged from the most ethical of stopping production and removing Vanatin from the shelves, to the least ethical of fighting the FDA with lobbying power so that the company could continue production and sale of Vanatin.

With my overly optimistic attitude and minimal corporate experience, I am very aware of my naivety in the business world. However, the results of this poll truly astonished me.

As it turns out, the class was somewhat polarized on the issue.  Out of 42 students, 29 chose either the most ethical or the most unethical option. 19 students chose to stop production and pull Vanatin off the shelves, while 10 students, 24% of our entire class, chose to fight the FDA with lobbying power and continue production and sale of the profitable yet deadly drug. After first staring at the results on what I hoped was a typo, I tried to figure out why so many of my classmates chose the most unethical response.

Let it be known; I do not believe that 10 of my classmates are unethical. However, I do believe that with the combination of a competitive corporate culture and a lack of proximity to the victims, some individuals don't always take a moment to consider the morality of an issue that's presented to them. If we frame the Vanatin issue in a way that removes corporate culture and increases proximity of the victims, I’m fairly certain we would get different results (I would love to test this out by the way!).

For example, let’s imagine that my classmates and I decide to go to an RU football game in our home stadium. Now that Rutgers is in the Big 10, the game we attend is completely sold out, with over 52,000 people in the stands. During half time, one of my classmates wins a special lottery which gives him the option of either taking or not taking $1 billion dollars. The catch? If he takes the money, one person in the stadium will die.

I don’t think it’s presumptuous to assume that none of my classmates would take the money. There are obvious major differences between the Vanatin and Football cases, but when you strip them down you’ll find that the same ethical issue is at stake; financial or personal gain at the expense of human life.

I admit that I’ve never been in a real scenario where I’ve had to vote on a decision similar to the Vanatin case. But, this example surely taught me a lesson, and I hope that my fellow MBA students and I will always remember to consider the morality in our decision making as we embark on future business endeavors.

Danielle Chirico is a first year student in the Rutgers MBA Program. She has a strong interest in ethical leadership and looks forward to your comments and feedback. Danielle can be reached at DanielleChirico@gmail.com or on Twitter @DanielleChirico