After its acclaimed debut in 2010, Bellinter II took its rightful place as the first highlight in the social calendar for 2011. The thought of staying at Bellinter in Co. Meath was a welcome escape from a cold and dark Dublin where the return to classes reacquainted us with triangularised sandwiches which have become our twice weekly staple. In fact, demand was such that spaces began to fill up within minutes of circulating the invitations. The ever glamorous Siobhan O’Dowd put her talents to full effect by bringing together a diverse panel of speakers, which included Eddie O’Connor, founder of Airtricity – which was sold in 2008 for €1.8bn and current founder and CEO of Mainstream Renewable Power; Norah Casey the newest dragon on the Den and CEO of Harmonia, Ireland’s largest magazine company; David McWilliams, Economist, Journalist, Broadcaster, Best Selling Author…… with even more titles to be revealed very shortly. Also speaking were property developers Paddy & Simon Kelly.
The Entrepreneur’s Club finally got the opportunity to hold the ‘How To Finance Your Business’ session at the end of January. Free from the travails of the snow and fresh after a well deserved month off everybody was keen for new events. 4 great speakers convened to give their views on raising finance from different perspectives. Ned Gladney, Managing Director, GSW Tax and Business Advisors (a specialist firm for small & medium sized enterprises), Michael Hayden (Business Advisor Dun Laoghaire-Rathdown County Enterprise Board), Giuseppe Insalaco – An Entrepreneur (Smurfit School MBA Graduate) & founder of Squargo Ltd, and Dermot Berkery, Partner-Delta Partners Ltd -one of Irelands leading Venture Capital Firms (VC).
Discussion ranged from enterprise structure, to grant and seed money from local authorities to the holy grail of venture capital funding. Dermot explained how VC’s source and invest their funds and the expected win & loss rates for their investments. Giuseppe brought the entrepreneurial flavour in explaining the Do’s and Don’ts from his own journey in trying to source financing for start-ups.
The good news is all the participants reiterated that although times are tough, there is money available for start-ups. However, the cautionary warning was it largely depends on the industry. Let’s see who next from the class will be on the stage in years to come explaining their successes and woes in starting up a business.
– Colm O’Reilly
Most people know about the Chinese New Year and how it is a big event in the Chinese calendar. However, did you also know that the same is true for the Vietnamese?
Whereas the Chinese now celebrate the year of the rabbit, the Vietnamese celebrate the year of the cat.
That is why our Vietnamese IDEAS scholarship students have invited fellow students and staff to celebrate the Vietnamese New year, TET. This Friday will therefore see us all gather for a taste of authentic Vietnamese cuisine, storytelling, song and dance -and I’d say it is gonna be a great event. Stay tuned for an update and photos…
– Rikke Budolfsen, MBA Programme Manager
Our second semester for the Year 1 EMBA, kicked off on Friday 14th January with a half day session on Strength Deployment Inventory (SDI) facilitated by Barry Delaney of PWC. To prepare, we had all been asked to fill in a detailed questionnaire which probed our motivations in different scenarios especially when under pressure. Understanding your motivation and that of others is a key skill in team working. Modifying your behaviour to achieve a successful outcome especially in situations of conflict is a sign of an effective team.
The session gave us direct feedback about ourselves and an opportunity to reflect on this. I had the benefit of working with SDI 18 months previously, so I was up to speed with the main concepts and I was particularly interested in seeing if my own motivations have changed. Of course they haven’t!
The objective of the session was to think about our Semester 1 Study Teams in these terms and to apply the lessons learned to the formation of our Semester 2 Study Teams which was done through a series of exercises. There were a few funny moments when the “assertive-directives” disagreed with the “altruistic-nurturing” group over some ethical points but at least they listened.
There is no doubt that the most important unit in the MBA is your work group or Study Team. I already valued SDI as a useful tool and this enjoyable and well run session has reinforced it. What I have taken away is some specific and practical help to work with my group members in such a way that we get the best out of each other. As we roll into the long semester ahead we will certainly by relying on each other!
– Eoin Lyons, EMBA Yr 1
The Financial Times ranking of the top 100 global full-time MBA programmes was published today. The UCD Michael Smurfit Graduate Business School MBA has jumped 20 places in the global MBA rankings. We are now ranked as 78th in the world and among the top 25 MBAs in Europe. We are among less than 50 schools worldwide that have been consistently ranked in the top 100 over the last twelve years.
We are the only Irish MBA programme that appears in the ranking and are pleased given these difficult economic times that we have improved our standing.
So what’s behind this? We believe it’s a combination of continuous improvement; a collegiate leaning environment coupled with small class sizes, dedicated programme and academic teams and outstanding alumni.
For example we are currently undergoing an academic review of our curriculum, the objective being to enhance student learning. We have streamlined our Personal and Professional Development Programme, which includes team development and individual business coaching with experienced professional business coaches. Finally our MBA Careers Service continues to work on a one to one basis with our MBA students providing them with the skills to accelerate their career.
Stay posted for more updates.
– Orla Nugent, MBA Director
So here we all are back at Smurfit School after a well-earned break. The time off for Christmas and New Year has recharged everyone’s enthusiasm, so much so that most people didn’t mind coming back. But when we were back, we were back. There was no allowance for easing ourselves back into the routine – we were straight into assignments, readings, presentations and more readings and more assignments. The time off we enjoyed seems like a distant memory now.
– Donal O’Sullivan
In one of the first “class admin” sessions that we had, there were a few committees to be voted in, along with class reps. At the time, none of us really knew each other very well, so it was all going to be based on faith. The class reps sounded like important jobs, as did the liaison to the education committee. The perk from the liaison job is “free sandwiches”, and no full-time student can in good conscience turn down free food.
The final jobs were for the Social Committee. There were supposed to be five members and some representation from the various cultures in the class. Five people put up their hands, including me, and we had ourselves a committee.
Three of us are Irish: Christopher, Franklin and I. Franklin had been an entrepreneur in the restaurant/catering business and his contacts are a bonus for any social committee. He always has someone in his network that can help out with social events.
The other two members are Megan, from the USA, and Nargiza (pronounced Nar-ghee-sa), from Kyrgyzstan. This multinational presence definitely helped curb the Irish trait from spending the entire budget on drink.
So far, we have organised a “one month anniversary” social evening, two “end of exams” parties, a trip to the Leinster – Munster Magner’s League , some trips to the pub to watch the Ireland Guinness Series international rugby matches, a “Vietnamese/welcome back dinner” for the start of 2011 in Koh Restaurant and a future weekend away in Leitrim Quay for a bit of boating on the Shannon and general relaxation.
We try to take into account the needs and desires of the class. We have used surveymonkey surveys to fish for ideas as well as get feedback on some of our own ideas. The most popular ones were chosen as foci for our budget.
All in all, we seem to be doing a good job in keeping the class together on a social level as well as a study level. We’ve become a very tight-knit group, but how much of that is simply down to the overall intensity of the course, rather than the socialising aspects, we may never know. But what we do know is that, on a course this intense, it is vitally important to relax and blow off steam from time to time. We will keep you posted on our activities…
– Jamie O’Connell
Reading the case study is not all the MBA is about if that’s what you’re thinking. In fact, that’s not even 25% of what we do in the MBA. Of course case studies play a major role in helping us understand the different strategies and theories that are part of the curriculum, but there’s just so much more than you can even think of.
For instance, if you just take the readings, apart from the case studies, you also have the Required or Essential Readings and then Further Readings. These are a set of other readings needed to be read in addition to the case, in preparation for the case study to be discussed in class the following day.
What I’ve mentioned here is the preparation required for just one class. The same is required for the two or three classes we have each day.
While everyone agrees that the readings alone take up a lot of time, if you’re willing to put in the hard work, there are definitely a few good rewards waiting for you. The case study-based classes are undoubtedly the best experiences of your MBA days. They’re so interesting that before you realise, they’re already gone – that much interesting that you don’t realise that time passes by so quickly. Thankfully, the Smurfit MBA has quite a few case-study based courses, which I think is extremely important for the MBA.
That’s not all that we MBAs do. Apart from preparing for and attending classes, we also have those much-dreaded assignments, and at least a few of them due for submission every week. Once again, thankfully, we have those life-saving study-group meetings where we have our share of fun, chit-chatting with group members while also taking help for the assignments and presentations. If time permits, we get the luxury of a few hours of sleep in the middle of all the chaos. Even with all of this, we’ve managed to have loads of fun and semester 1 has already gone by. I can’t believe that in a couple of months or even less, we will be on our international study tour, followed by the company projects.
– Diana Vincent
When I did my undergraduate degree a few years ago, I remember the dread, panic, cramming, sleepless nights and energy drinks that became the norm in the week approaching the end of term exams. The difference with the MBA is that this state of feverish work prevails throughout each and every term.
I reckon that there are two primary reasons for this. The first is that the equivalent volume of information encountered over four years of an undergraduate degree is condensed into a year at Smurfit.
Last Saturday, as a kick off to semester 2, I went to the Careers Detection workshop which is part of our PPD programme. It was everyone’s first day back in Smurfit after the Xmas and analysing your career at 9am on a cold January Saturday morning was a bit of a jolt back to reality for most of us. I’ve been to lots of these types of events over the years. I know my Myers-Briggs, interview technique, CV structure as well as the next person. So I guess my expectations that I’d learn something new were not too high. But as I’m job hunting at the moment I thought why not, I might get something out of it.
I‘m glad to say it was well worth it. There was lots of very practical and honest advice on the current job market – it’s tough (knew that), most roles are contract (yes I’m hearing that a lot) and the successful candidates are putting 20 – 30 hours into prepping for each interview (wow best get at it so). There were also some very useful tools. The Richmond Career driver’s section was good and sparked a debate about money being a driver or is it just a hygiene factor? Our Celtic Tiger mortgages need paying; kids need to be fed and so on.