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  • up making an argument in the leading supreme court case winning a seat in congress becoming a fortune 500 CEO or being part of the banking team that takes the next Google public In fact statistically speaking you have a better shot of becoming a professional athlete Because in the end there are too many things to wrong along the way Internally many people experience burnout over time get overloaded with too much information or loose motivation Externally people often give in to more lucrative opportunities arise they concede to the herd mentality and change careers and organizations often get the wrong perception of you because of something they don t like in your background stay tuned for a post on this And so like I ve said before Passion Is King and it often times it becomes more important than anything else in your longer term career success especially when you ve already found the activity that optimizes the mix of your passion and skill For example if you don t have the passion to study Constitutional Law it s likely you won t get the top grade on the exam because it s hard maybe not even the median grade And what about the other 29 classes you take during law school especially the curved ones or with the professor you don t connect with It becomes harder to stay focused harder to turn down other opportunities and harder to take risks because you have no skin in the game And in the end it becomes harder perhaps impossible to get other people to believe in your idea even if it s a really good one There are plenty of JDs from all the top schools that experience this They get good grades in school mediocre grades in good economies and then work at firms or organizations but never become the Managing Partner can t land a coveted GC role or break into new industries and can t garner the support to fund their entrepreneurial ideas Don t get me wrong The majority of these folks go on to lead highly successful lives by almost every possible account But for just for a minute I m talking about something a little more like taking part in the Senate s recent vote on health care i e that also what our Con Law exam was about leading the nation out of the current financial crisis becoming the first diverse president being the first woman elected to the supreme court helping negotiate the rescue of imprisoned journalists by North Korea or growing your high tech computer start up to become Silicon Valley s most profitable and respected company and then being named CEO of the decade Northwestern Law and Kellogg are both great schools and I suspect that most people here if not everyone will lead very successful careers But I m interested to see who will led by passion upon graduation or at least a couple of years after

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  • Bringing all of these factors together and quickly make a decision now I remember having to make similar decisions over the past few years and suspect I ll be making them as I continue to progress in my own career Often times it feels like a herculean task with a lot at stake if you make the wrong choice The good news here is that there s not a whole lot of pressure given you ve got a job waiting for you if you decide to take it In any event here s how I like to think about the issues In context hopefully it s relevant for you as well 1 Nowadays many people are making decisions based on the economy In my view that makes a lot of sense especially for younger professionals like you who have not hit the two years experience threshold and that may not have quite as much cash in the bank so may not want to spend too much time off In my personal experience I know a couple of recent graduates who lost their jobs right after joining their companies and really struggled finding their next position because they didn t have the months years of experience to bring to the table In that sense taking the job might be compelling On the other hand there s definitely something to be said about taking your time having a little patience doing your research and really finding the right company and the right role One thing in your benefit is that it looks like you ve gained some real technical experience in your last role and in your academic career so some companies will really value that if you decide to hold out 2 Generally heading toward your dream jobis a multi step process including both the short term i e immediate next steps and the longer term years down the line The important thing here is to be sure that your ST goals align with your longer term vision In this case you have the option of hopping into another client services role at a different investment firm and although it may not be a substantial step forward toward your dream job as an advisor it is very related and seems to fit your story pretty well while also providing you with a unique set of experiences to draw from once you do become an advisor If I were in your position I might do some more fact finding and see just how related this role is to your last role degree of technical skill involved contacts with advisors actual client contact how much of a sales role and then reflect on how happy I d be in that role 3 A Many people choose to MBA when these sort of transitions don t work out according to plan But on average folks in these positions tend to have closer to 4 or 5 years of experience as opposed to one year

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  • Careers Question: Laid Off, New Job Offer & Networking. What do I do? - JEREMYCWILSON.COM | JEREMYCWILSON.COM
    as I continue to progress in my own career Often times it feels like a herculean task with a lot at stake if you make the wrong choice The good news here is that there s not a whole lot of pressure given you ve got a job waiting for you if you decide to take it In any event here s how I like to think about the issues In context hopefully it s relevant for you as well 1 Nowadays many people are making decisions based on the economy In my view that makes a lot of sense especially for younger professionals like you who have not hit the two years experience threshold and that may not have quite as much cash in the bank so may not want to spend too much time off In my personal experience I know a couple of recent graduates who lost their jobs right after joining their companies and really struggled finding their next position because they didn t have the months years of experience to bring to the table In that sense taking the job might be compelling On the other hand there s definitely something to be said about taking your time having a little patience doing your research and really finding the right company and the right role One thing in your benefit is that it looks like you ve gained some real technical experience in your last role and in your academic career so some companies will really value that if you decide to hold out 2 Generally heading toward your dream jobis a multi step process including both the short term i e immediate next steps and the longer term years down the line The important thing here is to be sure that your ST goals align with your longer term vision In this case you have the option of hopping into another client services role at a different investment firm and although it may not be a substantial step forward toward your dream job as an advisor it is very related and seems to fit your story pretty well while also providing you with a unique set of experiences to draw from once you do become an advisor If I were in your position I might do some more fact finding and see just how related this role is to your last role degree of technical skill involved contacts with advisors actual client contact how much of a sales role and then reflect on how happy I d be in that role 3 A Many people choose to MBA when these sort of transitions don t work out according to plan But on average folks in these positions tend to have closer to 4 or 5 years of experience as opposed to one year And although some schools are taking early career candidates CLICK HERE for my post on early career candidates most still look for more than one year of experience and also a

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  • Giving A Good Presentation - JEREMYCWILSON.COM | JEREMYCWILSON.COM
    as long as it grabs the audience s attention while also reinforcing the topic 3 Narrow down the presentation Just like the topic many people also invest to many ideas in their presentations And as such sometimes they can t get through the whole thing But even if they do finish the whole thing many times they end up skipping parts just to finish the presentation gets too rushed and void of emotion and the audience gets confused because they are overloaded with too much information So it often makes sense to take out as much as possible and anything that s not critical 4 Involve the audience When it makes sense try to involve the audience Ask them questions get them to raise their hands and make them laugh Involving the audience is a quick and easy way to get them engaged 5 Speak slowly Good presenters also tend to speak slowly Speaking quickly is a sure fire way to leave your audience behind and confuse them It also increases the odds that you will slip up over your words or get through your presentation too quickly On the other hand speaking slowly gives you more command of the discussion and allows to do think more on the spot if you need to 6 End strong A good ending can make up for a variety of flaws throughout the presentation Do your best not only to summarize and discuss facts but also compel them by give them something to remember While taking these steps is no guarantee of a perfect presentation taking them will definitely ensure that you re still more effective And that s important for just about every one of us Because whether you re in the legal business or public interest space it s likely that you will find yourselves presenting a lot And the ability to show that you understand a complex issue and can deliver a compelling message will not only engage the audience but also leave them wanting more Good luck with your next presentation Tuesday June 29th 2010 Careers Leadership 6 Comments to Giving A Good Presentation Miguel July 1 2010 This is a good post on the actual presentation document may it be PPT or Keynote It displays the different styles approached by Steve Jobs and Bill Gates http presentationzen blogs com presentationzen 2005 11 the zen estheti html Jeremy C Wilson July 1 2010 Miguel Miguel thanks for the note and for the link I ll be sure to read the the article after this but glancing at it quickly I noticed a great quote To reach the essence of things all non essential elements must be eliminated Jeremy Fridays From the Frontline Clear Admit MBA Admissions Consultants Blog July 2 2010 Tepper 12 Madhurya admitted her techie tendencies and expressed enthusiasm over her new Thinkpad INSEAD 12 The Journey shared photographs from the May open house event he attended at the school After a few weeks of presentations Kellogg

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  • Archive April | JEREMYCWILSON.COM
    DAK Exams Finals Law School Saturday April 24th 2010 Law School No Comments Being Strategic With My Time During Reading Week I remember the busy days of working at a consulting firm While we did have some normal days sometimes there was a real sense of urgency a lot more beeps and buzzes from BlackBerrys in the offices and often people ran around at a more frantic pace in especially when the work involved our big clients I ve notice how many people who are this busy often like tell themselves no big deal this is just for today tomorrow things will be better But it s funny how that pace often extends for days at a time In fact for some it goes the full week and for others it becomes a lifestyle Interestingly enough something similar thing happens during your first year in law school Managing your time is very important both in business and in law school In law school we spent weeks upon weeks scrambling around trying to get through four or five classes We read multiple textbooks analyze hundreds of cases we meet with study groups to try to figure out what s going on and we read supplemental materials to gain better understanding During the semester everyone moves at their own pace and develops their own styles But then at the end we have what s called Reading Week and during reading week everyone really starts to picks up the pace Law schools tell us they have reading week so we can have time to study thoroughly for exams And at one point in the semester when you re all caught up you start to think the extra time should be plenty of time to master the material But from my perspective that s not entirely true because most people get behind get involved in other activities and sometimes just get a bit tired And so in my experience reading week is also a time to make up for all the reading you didn t do to catch up on outlining and to catch up on administrative things you have to finish i e I just did financial aid last week And as such it also becomes a time where some people constantly remind themselves of how much they need to study before our final exams A lot of people stress out about reading week although this semester seems much more lax than last I suspect that is both because people are too tired to be relaxed and because with one semester under our belts people are relying a bit more heaviliy on their legal analysis and analytical skills rather than pure work ethic to do well Most of us have our first final exam on Monday in Constitutional Law That should be the toughest one Despite that I ve personally I ve still maintained a pretty balanced lifestyle though Not only am I still writing posts on my website but I m also keeping active with other things This past weekend I went to a full day leadership seminar and networking event for Stanford alumni called Leading Matters Click here to see my recap of the event Last night I went to a talk by renowned economist and Nobel Prize winner Amartya Sen and it was well worth the time Today I ll be having lunch with a JD MBA admit who also happens to be a Stanford grad and I hopes to show her how great the JD MBA program here is Tonight I ll be headed out to Evanston for a kick off event for Kellogg s second Admit Weekend DAK 2 which like last year should be a lot of fun And concurrently I m also gearing up for my role on the Executive Committee for BMA at Kellogg Since most committee members are first year MBAs about to head into their second year and not entering students I have to play a little catch up before I can get started And unfortunately a lot of that happens now in the final quarter at Kellogg right in the middle of law school final exams So yes I m pretty busy just like the old consulting days when we had to cater to a big client Or perhaps a better analogy just like the old consulting days when I was also applying to business and law schools which was right in the middle of the economic recession and where we had to bill every hour we could get And no matter how busy I am today I m not sure I ll ever be that busy again But I guess we ll see soon enough Either way I m off to go do some reading After all it is reading week Tags Admit Weekend Exams Finals Law School Northwestern Law Thursday April 22nd 2010 Law School No Comments Leading Matters Stanford University At The Forefront Of Change As an anthropology major I ve read a lot of papers by the great anthropologist Margaret Mead In one case she said Never doubt that a small group of thoughtful committed citizens can change the world Well if this is true than we certainly need more of these groups today The current economic crisis is still on everyone s mind in addition to other issues like clean energy new Supreme Court justices and failing investment banks and law firms I m not surprised that many of the law students and business students not only at Northwestern but also across the nation are feeling a little nervous in the midst of uncertainty But in my opinion times of uncertainty are good because they also create opportunity And we have to be willing to take chances to push the boundaries to work in collaborative new ways to try to make a difference in our world At least that s what Stanford President John Hennesey told us at a leadership conference in Chicago this past weekend This past Saturday I returned to Stanford to reconnect with hundreds of alumni and former classmates No not literally it s finals week here at Northwestern Law Instead Stanford came here to Chicago as part of their Leading Matters tour to showcase how the school is playing a leading role in helping solve some of the world s biggest problems And the Cardinal crowd in Chicago was well represented students and alumni from the GSB alumni from the law school and others from various departments and schools at Stanford and there were over 500 alumni registered for the Chicago event Among others Penny Pritzker President Hennesey and Helen and Peter Bing were there And for all my law school readers I also had a chance to hear and meet Constitutional Law expert former Stanford Law School Dean and current litigator at Quinn Emmanuel Kathleen Sullivan I found her talk to be especially compelling given my first final exam is in Constitutional Law and given that all 65 of the rest of my section mates were in their apartments or at the school studying while I was at the event downtown Click here for my follow up post on the Constitutional Law exam The entire crowd was engaged and ready for an inspiring afternoon After almost every remark for the first five minutes a series of claps and wows would ripple through the audience from front to back and sometimes back to front often ending with those around me an entire row of Stanford MBAs In his welcoming address Mr Hennesey ended with the remark I mentioned above that This is a university willing to take chances to push the boundaries to work in collaborative new ways to try to make a difference in our world In that moment right at the outset I re connected with Stanford which unfortunately has been a rare experience given I ve spent the past four years in Boston Phoenix and Chicago And for the day I didn t think much about my upcoming finals here at law school Instead I took the day to engage in the event connect with old friends conjure up old memories and traditions think about the broader vision that Stanford had and finally to do what I enjoy most meet lots of new people I attended the first few sessions with GSB alum Marquis Parker MBA M Ed Class of 2006 and Stanford MBA blogger I also re connected with fellow 05 Anthropology major Andrea Lazazzera who also happened to be the master organizer of the Chicago event I saw two of my good friends from my undergrad days who I met during Stanford s Engineering Academy I had drinks with a good buddy who also lives in Chicago but who I don t see often because of law school And I even ran into a Stanford grad that graduated from Northwestern Law in 2009 It was great seeing everyone again But more than the great connections that I made at the event the underlying purpose was to show that leadership matters and that Stanford is playing a leading role as the nation is facing real challenges ahead And in a series of panels speeches and seminar sessions President Hennessy deans and faculty shared their bold visions for Stanford in the 21st century They discussed the current financial crisis foreign policy issues clean energy Obama s appointment for the Supreme Court and how Stanford leaders were leading in all the fields It was pretty impressive The entire event blew me away I was inspired one of the guests said to me as the day concluded Another alumni commented that it was good to see everyone again in such an inspiring environment I agree with both of the comments And what I found most interesting about the event was that topic of money or donations never came up at least not to my knowledge Instead the focus of the event was on education and on leadership And in the end I re engaged with the idea that when we bring ourselves together around a common purpose and when we connect with others with ideas and with inspiring leaders then we can effect change on a broader scale Not only because we have more hands to help and minds to come up with ideas but also because you can connect with the hearts of the people and inspire them to do more than they could have ever imagined on their own And after being capped off by a 15 20 minute video during dinner the event did just that The message was compelling and well worth the time even in the middle of finals week In fact after the event I m now even considering heading to the one in Boston toward the end of the year I spent a few years in Boston before Chicago and maybe even to the one in the Bay next month depending on how my summer work schedule plays out The event in San Francisco already has nearly 900 registered attendees and could turn out to be a huge reunion type event Either way Bravo Stanford And best of luck the remaining events Tags Chicago Evanston Exams Finals Law School Leadership Management Teamwork Monday April 19th 2010 Leadership 13 Comments US News MBA Rankings and Law School Rankings Only months after seeing the worst of the financial crisis and watching professionals flock back to business and law school it seems as though people are paying more attention to school rankings than ever before Even though many still maintain that fit is the most important factor when applying to grad school it s undeniable that applicants are shining a bigger spotlight on rankings than usual While dozens of websites and magazines come out with their version the annual rankings U S News has long been considered the gold standard And just last week we finally learned which schools struck gold in 2011 Last Friday the U S News released its 2011 B School and Law School rankings It s no surprise that as usual there was very little change at the top of both lists a fact which was also confirmed by the leaked rankings days before In the end my opinion is that these new rankings don t really change much because I personally think that there are a lot more things to consider when choosing a school than the school s ranking However most people do factor ranking into their analysis so it is interesting to see how things shake up from year to year As such below I ve listed the top 15 ranked MBA programs for 2011 You can also click here to see the full list on US News website and click here to see how U S News came up with its rankings i e methodology 1 Harvard Business School 1 Stanford Graduate School of Business 3 MIT Sloan 4 Kellogg Northwestern 5 Chicago Booth 5 Wharton Penn 7 Tuck Dartmouth 7 Haas Berkeley 9 Columbia Business School 9 NYU Stern 11 Yale SOM 12 Ross Michigan 13 Darden UVA 14 Fuqua Duke 15 Anderson UCLA Similarly here are the top 14 for this year You can click here to see the full list of law schools and click here to see how U S News came up with its rankings i e methodology 1 Yale 2 Harvard 3 Stanford 4 Columbia 5 Chicago 6 NYU 7 Berkeley 8 Penn 9 Michigan 10 Virginia 11 Duke 12 Northwestern 13 Cornell 14 Georgetown Sunday April 18th 2010 Admissions Business School Law School No Comments Can I Get You A Drink Kellogg s MBA Admit Reception Have you ever been at an event and seen someone you really wanted to chat with for some reason or another but didn t Perhaps someone you recognized from high school or college or someone you knew had the insight you needed for work or class or maybe just someone you thought was interesting but you never quite found the moment or the courage to go introduce yourself Well the good news is that it s completely normal and that it s probably happened to all of us But here s an interesting question What if after leaving you found out that the other person was hoping to get the chance to chat with you too My question arises having just attended Kellogg s admit reception last week It was a two hour event organized by Kellogg admissions and hosted by the Chicago offices of Deloitte Consulting here in Chicago Overall it was certainly an interesting mix and a good number of people some who I recognized from previous events and many others who I met for the first time I always enjoy going to these types of events as they re usually a good way to meet new people which is something I personally enjoy The event started at 6 30pm and took place on a Thursday I walked in with one of my JD MBA classmates We were a few minutes late so I was pretty excited to finally make it to the event As soon as I stepped out of the elevator I scanned the room to see who was around Gazing from left to right I saw a sign in table to my left the table of appetizers directly in front of me and to my right that s where the lions share of people were standing over by the bar Can I get you a drink was the first thing I heard upon entering the doorway to the room I figured it was probably going to be an interesting night The first thing I did was head over to the sign in table I figured that would not only allow me to grab my name tag and sign in but also to chat for a few minutes with the admissions team I ve gotten to know a few of them over the past year or so at these types of events since I originally applied last year as a JD MBA so I enjoy chatting with them when I can I also figured that I might some good information about which of the JD MBAs would be showing up that night since I had heard from a lot of them earlier in the day So I quickly chatted with one or two members of the admissions team and talked about the upcoming admit weekend in late April I took a look at the list to see which JD MBAs would likely not be coming out and I concurrently scanned the room to see who was around And after leaving the check in table quickly found my way to a few good conversations The first who actually turned out to be a 2009 alum who worked in marketing in Chicago I actually saw her in the elevator right up in front of me on the way up to the event so knew I d eventually catch up with her I also ran into an MLT Fellow and a friend who I met in New York City a few weeks back I enjoyed engaging in conversations and seeing where people where from and what other schools they were considering Although for some people doing this may be a bit less natural having food being admitted to the same school and having a bar usually helps to mitigate that At some point I finally made my way over to the bar for a glass of wine but I spent more of my time and energy chatting with people nearby I did this for about 30 or 45 minutes before we had to head into the adjacent room where Kellogg had set up a 5 person panel of alumni to talk about their experiences Most people grabbed a drink from the bar on the way into the room and took a seat to see the panel session Taking my glass of wine with me into the other room as well I decided to sit at a table where I didn t know anyone at the time The panel was facilitated by Director of Admissions Beth Flye and led by a panel member who was a partner at Deloitte and an older Kellogg alum It was pretty typical panel though instead of fielding many questions Kellogg threw them a few underhand softball questions for most of the time And by the time they opened it up for Q A I think most people were ready to mingle again One thing that interested me just before the event ended was that I ran into my friend that I d met in New York City a second time that night And he was looking for finance information about Kellogg specifically alum in the private equity industry I was surprised he hadn t bumped into anyone that night because I found a number of them in the room including the person I spoke to five minutes before form Madison Dearborn Although people like to call Kellogg a marketing school Kellogg usually has more finance majors than marketing so it tends to attract a lot of people just like this So I shared the information I found with him as did a Kellogg professor who was at the event And that tends to be my usual mentality at these types of events Find a way to help someone Give information show concern and connect them with someone else Because in the end everyone wins Someone finds the information they need and more generally more connections you established which pave the way for making new ones and learning new information It s also a lot more fun In my view every meeting or conference can be a game changer You can change the game for someone else or someone else can change the game for you In today s age where there s increased pressure to work longer hours in a bad economy and where internet is king it can be easy to sit back send emails and rely on sites like LinkedIn and Facebook to make connections Don t get me wrong those can be very useful tools that connect you globally all across the world But at the same the Internet connections can t replace real connections And while for some people doing that is harder than it is for others that s still no reason to stay home Try doing a bit of research before the event and think about other ways to help you connect And when all else fails ask someone if you can get them a drink At events like this most people won t turn you down Tags Chicago Evanston JD MBA Program Kellogg Networking Monday April 12th 2010 Admissions Business School No Comments Day At Northwestern Law 2010 Kick Off In my view nothing is more important for any organization than making the right people decisions That s not only true for business banks and law firms but also for graduate schools including law schools Most schools go about this differently because different schools value different pieces of the application and so they look for different things from applicants Ideally most schools hope that all admits would eventually choose to attend but realistically they know only some of them will And that s why schools have admitted student weekends Shortly after I was admitted to Northwestern Law I came out to Chicago for Day at Northwestern Law DANL which is the law school s version of Admit Weekend When I originally was accepted to various business school and law school programs I decided it would be beneficial to visit all the campus before actually making my final decision on attending business school The rewards from visiting schools were numerous I saw people who might be in my class the next year met a large number of people learned more about the individual programs and ultimately found comfort in my final decision In the end I m quite happy with my choice to come here to the Northwestern JD MBA program It s been an interesting and challenging experience so far at the law school and it sounds like my time at Kellogg will be just as fun But I have found the two environments to be quite different And that difference is also evident in the admissions process As it turns out in law school the yield rates i e number those who accept offers total number of offers are much lower than business school rate So there are more people at those weekends that may not be in your class This has more to do with the application process than anything else In law school applicant tend to apply to far more schools That s because the applications are more standard need less personalized information are often shorter and even cost less money So applicants can crank out more applications and usually end up with more choices as a result which means more schools get NOs from students As such it seems as though for some law students the admit weekends may be pretty important While some students pick law schools entirely based on ranking many get comfortable with a certain range of rankings and after that look more at program fit and culture some of which weigh that more highly than ranking For the latter group and hopefully to convince some in the former group schools have events like DANL DANL 2010 just kicked off on Friday They had a pretty interesting day of events met alumni met other admits and had a few sessions during the day As part of that a few students came to my Con Law and Property classes They also took part in a dinner at a local restaurant Zoo Life and came to the annual year end show put on by a group of law students Today they have a jam packed schedule since it s the weekend where more students can help Schools usually jam as much into the schedule as possible and it begins bright and early before 9am Though it will be interesting to see how many admits make the 9am deadline considering I saw a number of them out pretty late the first night These sorts of events are a good way for Northwestern and all schools to do some recruiting and increase yield Given the volume of admits and events though it s indeed a group process to make that happen Conventional human capital theory says that recruitment is most effective as a team sport As soon as you have one teammate then the workload splits 50 50 With two teammates it s 33 33 33 Then 25 25 25 25 And so on This is especially important when in admissions recruitment and at events like DANL where you want to hit a critical mass reach out to more and more people give everyone a chances to ask questions and uncover information and have someone there with experiences in everything NU Law I m personally here helping out this weekend too I m doing what I can to help speak to the JD MBA admits and other admits who want to discuss careers issues In fact I m helping at a careers table today during the fair in just a bit I personally had a lot of fun at my admit weekends mostly MBA schools and I even had a blast going back to DAK Kellogg admit weekend this year as a law student So I guess this is my way of giving back Peer support is pretty big at Northwestern so giving back is pretty easy And when you have one person who wants to get involved that mentality often cascades throughout the school or at least through the club and in the end you may end up with a lot of people who want to pitch in and help And at that point you go from 25 25 25 25 to 1 1 1 which is ideal It s the whole idea that a team working together can accomplish a lot more than the sum of its individual capabilities In this case we can share more information and help people make more informed choices about coming to Northwestern Law next year After all the more committed students we have here the better off we are We can improve our events curriculum and networks and we can bring the students and alumni more opportunities In the end those things are better for everyone But as for DANL We ve only made it one day so far so still have a bit more work to do to pull that off In fact I have to leave now to help at the activities fair I m part of the Careers Committee here and given the economic environment I suspect we ll have a good number of admits with questions about recruiting After that I plan to sit on a JD MBA panel I ll fill you in on how everything turns out Saturday April 10th 2010 Admissions Law School 2 Comments How Much Do CEOs Make Are You Sure You Added That Up Correctly There is a lot of talk about how much public company CEO s make especially at companies performing poorly those repaying TARP money and those handing CEOs large bonuses while the business is imploding Every April the whole world has the chance to shine a spotlight on these CEO paychecks That s because spring is the annual proxy statement season and calendar year public companies disclose compensation numbers This means General Counsels work with JDs at law firms and MBAs at consulting firms to do valuations and finalize their SEC filings It s interesting to see how pay can swing like a pendulum from one year to the next depending on firm performance But perhaps more interesting is the fact that levels also happen to change when they are interpreted by a a different valuation firm Even in the same year Just last week the New York Times and Wall Street Journal published respective lists of the top 200 CEO s pay packages from last year But to my immediate surprise I noticed that each list ended up with pretty different results Compensation for some CEOs was different on WSJ than on NY Times and in some cases the spread was significant HPQ s CEO for example was paid a total of 11MM according to the WSJ though the NY Times reported 24MM But more surprising and maybe more scary was that both valuation firms are considered highly reputable industry experts when it comes to executive compensation Given the resources used for the studies I didn t expect to see such inconsistently In today s environment where executive pay is already under scrutiny and where banks are doing little to help the case companies have no incentive to make compensation even harder That said the herculean task of figuring out executive compensation is critical Company reputations are at stake and executives will have even less chance in the court of public opinion And conversely it would be a real economic breakthrough for economists and businesses to figure out how to balance rewards with incentives To that end below I ve provided a few details below about the two studies I ve included A Links to the studies B Information on firms that carried out the studies WSJ and NYT simply reported the information C A few big picture takeaways i e my opinions A Links To Studies 1 New York Times Study i Pay Table ii General Discussion iii Valuation Techniques 2 Wall Street Journal Study i Pay Table ii Discussion iii Valuation Techniques B Firms Behind The Studies 1 The NY Times study was put together by a firm named Equilar Equilar is the undisputed industry leader in compensation research Its analysts dig through proxy statement for a living and they tend to be consistent in their approach Many top compensation consulting firms utilize services from Equilar and some use them extensively 2 The Hay Group put together the WSJ study Its Compensation Consulting group is very good and competes with top firms for projects However in my experience it does not always hang with Mercer Towers Perrin Watson Wyatt and Aon for top clients I suspect all of the firms here including Hay Group use or have used Equilar quite a bit Comparisons aside both firms should have more than enough resources and experience to do this study and the real challenges are i finding all the numbers ii maintaining consistency of methodology of those numbers across the 200 companies and iii using a sensible option pricing model to calculate the expected stock value i e black scholes Not a cake walk by any means but doable C What does this mean For what it s worth here s my opinion Stock compensation is hard to value There are a large number of assumptions in every calculation many of which change depending on the effective date and are subject to late disclosure non disclosure or improper disclosure by the companies It also depends on all the black scholes assumptions If these expert firms can t come up with consistent numbers then the media definitely has no business putting out numbers in magazines and papers which influences and persuades the general public Similarly articles bashing Pay for Performance should also be assessed on the merits of the research and experience of the researcher And to be valid they should be back with a good data set Governance standards for proxy filings still has room for improvement I suspect they will continue to refine the rules come up withe more standard approaches and further incent companies to follow In the past few years they ve made some progress But these are all high level ideas easier written about in a post than driven forward and easier discussed than executed Executive pay analysis is difficult not only because it s highly technical and nearly impossible to interpret inconsistent and non standardized data but also because many numbers are never even disclosed and because the rules of the game are continuously changing The good news is that the U S has taken strides over the past few years and they ve taken leaps and bounds as compared to the rest of the world But now that we re in a bit of a standstill with the economy and there are so many questions about valuation how do we know that these plans even work And what can we do to continue to incent executives to drive companies forward Well for one I suspect companies will eventually figure out a more consistent methodology to use when analyzing CEO pay plans the SEC can do it s part by making more targeted rules But they should also allow the best leaders at companies to continue leading Not only through developing performance and compensation schemes but now also by giving them incentive to be creative innovative and develop as leaders That s because the most successful companies spend more of their time talking about new possibilities and walking down the path of innovation than they do about money After all look at companies like Google and Apple where innovation is king Don t get me wrong these guys get paid well and they spend a lot of time coming up with the right pay packages but that s not the primary driver And in the meantime maybe U S companies will finally spend more time thinking about that and eventually find a bit of insight into what really drives CEOs and how to harness that to achieve better results Some theorists suspect that finding this would lead to even better company performance suggesting that incentive programs actually destroy intrinsic motivation It s an interesting debate Thursday April 8th 2010 Labor Economics 3 Comments Good Friday For Labor and Job Statistics The US economy added 162 000 jobs in March the biggest net gain in over three full years That s good news right Well that depends on who you ask Some say that it s clearly good news and that we re finally moving in the right direction But others say that the stats are superficial and that they don t address the underlying economic issues I m not sure what the real answer is but one thing is for sure The job market does seem to have a little bit more life And sometimes momentum can be a good thing Former Federal Reserve Chairman Alan Greenspan recently agreed in an interview with Businessweek and said there s a momentum building up in the U S economy and the odds of it faltering have fallen very significantly The Obama administration agreed White House economic adviser Lawrence Summers said that job creation will accelerate And Christina Roemer chair of the White House s Council of Economic Advisers said suggested that there s a gradual labor market healing And so it sounds like there may be a subtle wave of optimism that seems to be lingering That is definitely the case at business schools where although recruiting numbers may be slightly down i I don t know for sure and ii It s not over yet they won t be down by much And during recruiting season the students seemed to be pretty confident about their chances Some of the ones I know did well Many will be working at banks consulting firms Fortune 500 s and start ups Even at the law school things seem to be trending upward It s harder to tell exactly how things will play out since law schools tend to do the vast majority of recruiting in the fall But the message I ve heard from most firms and

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    the load for the second and third years of the program So as a JD MBA although we will start with the class of 2012 in the fall we officially kick off our Kellogg experience this summer at the downtown campus Unlike the Kellogg schedule in the fall where much of the curriculum is determined by core classes in the summer there is a lot more flexibility in the classes we take And so people take accounting finance marketing and operations depending on their interests That said since time is more limited for JD MBAs most of them end up taking a mixture of law and business classes often which will help get a few more prerequisites out of the way The most popular classes at the law school tend to be Small Business Opportunity Clinic the Corporate Counsel Practicum and Secured Transactions And at Kellogg many people take Accounting Finance and DECS Decision Sciences which is a business statistics class Personally I am taking Accounting and Stats i e DECS at Kellogg and I haven t decided on my law school courseload just yet It s pretty weird being back in school after our six weeks off But it s also been great to see all of my classmates again and hear about how everyone s summers have been going But unfortunately despite all the excitement I can t help but wonder how the summer will turn out Unlike most of my JD MBA classmates not only am I in class but I m also working full time at a law firm this summer I really like the firm and want to make a good impression It s definitely shaping up to be an interesting and long summer semester Stay tuned to hear how it turns out Tags Accounting Classes Friday June 25th 2010 Business School No Comments Connecting With A Couple Of Careers Bloggers In Chicago CEOs say it all the time That a team of talented individuals who bring diverse perspectives can lead to breakthrough results Venture capitalists say the same thing That just about every start up that makes it big begins with a strong and cohesive leadership team Even business schools and law schools look for it High potential students who have a habit of working well with other people That s because a team working together is effective and sometimes it can be unstoppable And just today I met with a few people that I ve been teaming up with in the MBA and careers blogging world Just today I met with my friends Marquis Parker and Jullien Gordon in Chicago Although the group meeting about our websites wasn t specifically planned after a few texts and calls we all ended up getting together and sharing our experiences and ideas on careers blogging and web 2 0 And not only did we share our passions and ideas for the future of our sites but we also discussed some of the actual steps we need to take to get there Our diverse audience of readers Technology hurdles that each of us are facing Techniques to reach a wider range of interested readers And most importantly ways to work together to share more information You might be asking yourself what s the value in having a group of people get together to talk Well for one my view is that everyone is at least a little bit biased so new objective perspectives can be valuable Also important is the fact that we re all still learning and none of us knows everything So bringing new team members to your specific space can increase the exchange to useful information and allow everyone to be far more productive together Perhaps more interesting though is that we all ended up even coming together at all That we connected not because of our professional backgrounds or our cities but because we re linked through careers blogs and also because we re all alumni of Stanford And although Jullien and Marquis met at Stanford Business School years ago I only met the two more recently through our online careers sites and also through organizations we re mutually a part of With that in mind it was good to listen to Marquis and Jullien s take on the value connecting with others because many of the things they said are viewpoints that I also believe Similarly it was also interesting to see others who share the same passion for sharing information with the broader community and interest communicating in the new 2 0 world In fact Marquis already beat me to the punch and put together a web post on networking after our gathering today where he gave his take on the power of tapping into your network to meet new people I highly recommend signing up for his site And after listening to his post I ve confirmed what I ve said many times before That the ability to connect with others is absolutely critical That leadership is about influencing others but to do that you first have to be able to connect with them And it today s age that means in person and in the online world But we also talked about how difficult that is today given people have more limited time and given that the web is infiltrated with too much information And as we talked we quickly came to understand the value in collectively brainstorming about trends and ideas and equally share resources to overcome these hurdles together That s because the best leaders understand the value of teamwork That high performing teams are the core of high performing organizations And that a team working together especially in the age of 2 0 can deliver breakthrough results and reach a wider audience than you ever thought was possible And that s true no matter what your ultimately goal is Whether the goal is to drive revenues at a company litigate the next big Supreme Court case fuel growth at the next innovative start up or in our case reach out to a more diverse set of people and serve the broader community by sharing information to those who need it And in the end when a team s ideas are exchanged and its energies aligned you can merge into one super performing unit working together to create change Sunday June 20th 2010 Business School Careers Diversity 8 Comments New Job Setting Yourself Up To Succeed Every year thousands of people start at new jobs Senior leaders and managers transition from one firm to another MBAs and JDs graduate and jumpstart their careers at businesses and law firms And students head out to start new summer internships looking to secure offers for the next year And all of them are thinking the exact same thing How can I succeed in my new position Even in a typical year that question is difficult because starting all over again is tough But today in an era where the markets are still uncertain and firms are still recovering from the economic blow of 2008 that difficulty is magnified And as the sole summer associate at my law firm this year I had to ponder that exact same question when I started three weeks ago Three weeks ago I had my first day at my law firm Vedder Price As I mentioned in my previous post about my first day I couldn t help but keep thinking how exciting it was to finally get started But at the same time I also thought a lot about how to succeed there over the summer especially in today s current economic context Because long gone are the day of the typical summer associate experience at law firms Happy hours three days a week Lavish lunches Expensive dinners and boat cruises And most importantly large classes most of which who got offers in the end Instead most firms today have slashed their classes by more than half and some firms have cut them entirely And without all the firm programming many people struggle to get integrated at the firm Fortunately in my case I ve quickly gotten pretty integrated into the firm I have already been put on a number of projects and so far seem to be making a successful transition Because things have started out well so far and because I m still in the early stages of my summer associate position I thought I d share a few thoughts about how to hit the ground running And in my view these ideas not only apply at a law firm but also at any company you might be working at 1 Start early Succeeding in any job is not only about performing well during your tenure there but it s also about laying the groundwork beforehand so you can hit the ground running That means sending the right message during your interviews exposing yourself to the organization early and reaching out to people as soon as it makes sense On one hand you definitely don t want to cross the line of being overeager but on the other hand there s definitely an advantage to be connected and to have people know about you about what you re interested in and about how you work sooner than later In my case I reached out to a number of people before I ever stepped foot in the office and I m already working with a number of them in my first two weeks including the firm Chairman But even in the cases where I m not working with the people I met I m better positioned now not only to work with them later in the summer but more importantly to build relationships with them over time 2 Get early wins Another important part of a new job is getting a few early wins and figuring out how to build momentum in your role To put the idea in context consider the presidential race when Barack was campaigning His momentum ultimately helped him reach more people in future places Similarly think back to when he was newly elected to the role The same hold true when you begin a new job because expectations are high and perception can be very important And by the end of the first six months of a new job or the first couple of weeks of a summer job it s good to start meeting a lot of people to get involved in interesting projects critical projects that have real impact if you re at the senior level and communicate those success to stakeholders at the firm 3 Get to know the right people It goes without saying that meeting the right people can be an important factor in shaping our career or summer stay at a firm But by right I don t necessarily mean the top people Instead I mean the people who are key stakeholders that you need to know Those people who want to support you Those who want to get you involved And those who have the ability and network to actually get you involved As a new person at any level it s important to facilitate early introductions so that you can begin building relationships right away And I emphasize the word relationships not just knowing people One thing that business leader Jon Rice likes to say is that It is not who you know but instead it is who knows you well and thinks highly enough that they will go to bat for you 4 Do good work It goes without saying but in spite of all of these tactics above in the end you still do have to do good work You have to put in the time show critical thinking and analytical skills be both a leader and a team player and in the end deliver tangible results This is true for all new employees but it s especially true of senior leaders and perhaps more important at services firms where budget constraints and finding new clients are critical And this is especially important in the beginning because the work that you do will be what people remember and it will make an impression And although proving to be someone who does good work won t stick forever the impression that you do bad work can 5 Make an impression And if you do all the things above you will be able to make a good impression and manage your perception at the firm The is critical when it comes down to decision time for summers where some of the people may not have worked with you directly but will have an impression of you not to mention an idea of what other people s impressions are Similarly for full timers the impression you make is important because it will not only be the one that sticks with you early but it will also guide the impression that stays with you over the years Sounds like an impossible set of tasks Well that s because sometimes it can be After all when s the last time you brokered a relationship with the Chairman of your firm in the first week And when s the last time you had people really wanting you to succeed as the new guy at the firm in a depressed economy Instead it s more often the case that people analyze and test new employees to see what they re made of especially now when job security is not a guarantee and where many people may actually fear for their spots at the firm But on the other hand if you do make to sure to have some early success build momentum find mentors and other stakeholders that want to see you succeed and work together with the people who would otherwise be fearful then it won t be a sink or swim approach Instead you ll not only have the help of many of your co workers but also the real support of people who want to work with you and see you succeed And over time they will become invested and will make sure that you do well and make a good impression Any if you can broker that set of events then the sky is the limit Summers will get their offers and new hires will have the potential to have big impact over time And in the end the things you do in the first few weeks could make all the difference Best of luck to all of those at new companies Tags Leadership Management Summer Internship Saturday June 19th 2010 Leadership Networking No Comments Careers Question Does Size Matter Taking The Job That Pays You Most We ve all asked ourselves the question Does paycheck size matter when we think about how much to consider salary or even the number of people when choosing our future employers In most cases the question probably seems like a no brainer More is better After all the bigger our paycheck the better standard of living we have And for those of us who are more philanthropic the more we can give back to our communities This idea is reinforced consistently at business and law schools where today classrooms are infected with people that consistently choose higher paying jobs over lower paying ones and where campuses are plagued by well paying employers who lure students away from public interest jobs and from firms who can t compete This topic has long caused trouble for people during the recruiting process On one hand a candidate has to consider their earning potential their base salary bonus potential and ability to receive increases the following year On the other hand though they also need to consider things like career trajectory exit opportunities and not only immediate compensation but also longer term earning potential And in a recent question from one of my readers a 1L at a smaller law school looking into law firms for OCI I was asked what I thought about taking differences in pay into account when choosing law firms This reader was specifically thinking about the gray area that exists between firms of similar prestige but that had both a different culture and in pay See below for the question and below that for my response Thanks for reading everyone QUESTION FROM MY READER Dear Jeremy First off you have an incredible blog I really enjoy reading and think you give lots of quality advice Thanks for sharing all your information and time I am writing to see what your opinion is in regards to choosing a law firm While I don t want to base any decision solely on annual pay It has come to my attention that the firm I am most interested in and which I think I am a good fit for pays a less than market in my region by nearly 20k in annual salary and also a bit lower in bonus As I look to go into OCI this fall it has started to settle in a bit more and begun to create a bit of tension I really like this firm and think it might be the better fit for me career wise But I also don t want to settle by working at a place that may not pay me up to my potential Generally speaking I pretty much understand the tradeoff of choosing either way but was curious to hear what you think about the situation Thanks in advance Name MY RESPONSE TO THE READER Dear Name Thanks for your question and many thanks for reading my blog and writing in with your thoughts I think you hit the nail on the head with the trade off but I ll try to structure a few thoughts and perhaps give you the path I might go down if I had a similar choice You re correct that some firms do currently start first year associates lower than other firms For example in the Chicago market there s a batch of firms that start associates at 160k and another group that starts associates at 145k which is about 10 lower But in my view numbers do not always tell the full story and may not be reflective of how things will look a couple of years from now That s because a number of firms reduced salaries in 2008 when the economy faltered And while some of them have responded to the improving economy by scaling salaries back up to 160k others haven t done that yet suggesting that not all the firms are paying their true future wages as of today That s not only a result of uncertainty about the future prospects and stability of law firms but for others it s also a result of timing since most firms only change salaries at the end of their fiscal year For many firms the end of the fiscal year is during the summer But even if they didn t adjust salaries up to 160k I d be careful not to let that fact would play too big a factor in my decision In my experience most students unlike business students don t do enough research about the real nitty gritty details of the different law firms most of which can t be captured by doing a few searches on Google or by reading a few articles on vault or Chambers Because if they did do the due diligence they d probably realize that after a few firms are very different in terms of salary adjustments culture ability to make partner flexibility practice areas you may be interested in and a host of other things After all conventional wisdom suggests that you ll perform better where you re happy and a better fit right For example I ll start with salary adjustments The first year base salary for most new associates tends to be fairly insignificant when you look at the longer term picture of senior associate or partner level compensation opportunities And just like executives in Fortunate 500 corporations make more than 50 of their comp in equity senior lawyers in firms make a good portion of their money based on business development and on other firm metrics This is especially important at specific firms like my firm Vedder Price where the senior attorneys are rewarded higher than market for their business development efforts At some firms that s true only at the partner level and at other firms it s true at the associate level that s where the research comes in And even at the junior associate level there could be a real difference in salary potential depending on if the firm you re looking at gives a bonus in the upcoming year A lot of the big firms haven t given bonuses in the past two years where some of the firms that pay 145k have which had the effect of equalizing that initial difference But even if salary potential were not an issue my view is that newly minted attorneys should not only consider the compensation opportunity but also their longer term career opportunities I ve personally always lived by the motto Learn in your 20s and earn in your 30s That means choosing a firm that will best position you to not only make money but also to learn as much as possible and set you on to the path to attain your desired career and have the largest impact For each person this firm and path will be different For some it may be at a big firm but for others it may be the smaller firm that pays less And finally as you already noted it s important to think about all the nuances of a firm that may be important to you After all it s often those nuances that drive lawyer after lawyer out of corporate law while others continue practicing for decades This means look at things like size of firm not paycheck culture practice areas and perhaps most importantly people you ve met and liked And not only do this at your target firms but do it at other firms too so you can really size them up and actually understand the real differences This last part is hard but it s also particularly important because it s likely you ll be working with these people once you get to the office So in the end I might suggest that you not rely too heavily on the first year salary number Instead consider it in context context of the people environment longer term salary potential and most importantly your longer term career trajectory And once you do your due diligence on the industry and firms I suspect that you ll have a better sense of what makes the most sense for you On the other hand though I do not know your personal situation And it s always possible that a little extra cash may mean more to you than someone else for more personal reasons In those cases it might make sense if the pay played a larger factor But otherwise I d say keep the big picture in mind and make the best choice for the long term For me that meant coming to Vedder Price this summer where although the firm doesn t pay the highest associate rate to among the firms in Chicago the firm is very highly aligned with my past experience and future interests not only in regards to law but also in terms of cultural fit and my policy interests Best of luck in the recruiting process And please keep reading Tags Chicago law firms Law School Recruiting Summer Internship Tuesday June 15th 2010 Careers Law School No Comments Careers Question How Important Is My Upcoming Phone Screen Anyone who runs recruiting probably thinks about the following question all the time How can we distinguish the firm s future stars from those who simply have good resumes Well that s a good question What many applicants don t know is that employers often get hundreds sometimes thousands of resumes That s especially true now where the economy is slumping and where a record number of qualified applicants and overall applicants are out of work So today recruiters not only have the task of sorting through resumes and screening candidates but they also have the nuanced task of of interviewing more people and looking more closely at all parts of the interview process And in a recent question on GottaMentor I responded to a question about just that Is my phone screen more casual than a typical interview I was asked on the website Conventional wisdom suggests that phone screens are more of an initial hurdle before the real deal in person meetings The meetings where you schmooze with with HR try to prove fit with the team and convince the line manager that you re the future leader the firm s been looking for Years ago before the internet skyrocketed the number of applications for open positions and before the economic downturn put more people out of work this idea probably had a bit more validity But those days are long gone Today open positions not only get hundreds and even thousands of applicants they also get a very large number of really qualified ones And as such all the parts of an interview are becoming more important And so my belief is that the phone screen is no longer a screen It s a distinct and important part of the interview process which means that you should prepare with the same level of seriousness that you would for an in person interview You should practice the same questions evince the same confidence and politeness demonstrate that you re both a leader and a team player and be sure you have the same level of preparedness and relaxation Here are a few reasons why 1 Phone Interviews May Give You More Time For one you never know an interviewer s schedule And unless the recruiter is scheduled back to back all day then there may not be a hard cut off in terms of time like there might be in person where you are in an unfamiliar environment and where the interviewer will have likely scheduled your interview around their other important meetings But on the phone you can often take more of a lead ask a few extra questions and as a result really collect and pass along good information As such the more prepared you are the better conversation you might be able to have 2 Interviews Are Often Holistic Second I think many candidates tend to over compartmentalize the interview process While on one hand an interview might be intended to be more of a screen to the next round and may have little bearing on how things progress afterward on the other hand it could instead lay the groundwork going forward And if the firm has discussions on the what the screener thought about you the conversation it could have serious impact on how people perceive you during the next round I think this is especially true if you do really well because then the recruiter will share all your information with those you ll meet next It s also especially true at companies like Goldman Sachs and Google where the firms keep intricate records of the people they interview even if that interview is done by phone 3 Good Leaders Are Always On Third my general belief is that you re always representing yourself and your organizations during every interaction That s especially true during interviews where the person across from you or on the other line has the task of assessing you as a candidate It s also especially true today where information travels at the speed of light speed and so the chances that what you say will be common knowledge at the firm are higher not to mention where the chances of running to someone again at a career related event or during another interview down the line are high And so you should try to think longer term about the interviews you go through especially if you intend to stay in the same industry Having conducted a large number of interviews and gone on a pretty large number of interviews myself I speak from experience with all three For many it may sound unreasonable to put so many hours into prepping for a phone talk especially older candidates who are not used to putting in so much time just to use the phone But from experience I would suggest that it s not After all interviews whether they seem difficult or not demand a great deal of skill and agility And that s especially true if the interviewer is less experienced because in those cases you ll want to be sure you convey all of the right information As such I recommend that you give the same time and effort that you would an in person meeting so you can present yourself in the best light possible Because in the end you never know how things will play out Good luck PS As I ve mentioned in a few previous posts post on Gottamentor and post on resumes you might considering taking a look at GottaMentor com when you get the chance For now though here s a sneak peak at another one of my responses from the site Tags Careers Recruiting Tuesday June 15th 2010 Careers No Comments Bottlenotes Silicon Valley Internet Start Up Meets Wine Industry in Chicago Business students in all the top MBA programs experience what s called the herd mentality during recruiting season And although many fantasize about risking it all to become the next great entrepreneur in the end most still head to corporate America for a safer job and a guaranteed pay check But every now and then there are exceptions Mavericks that lead with energy and idealism Leaders optimistic that with passion and hard work they can build their own empires And I have the great pleasure of knowing one of them And just this past Friday I spent the evening at Chicago s Museum of Contemporary of Art MCA with leading entrepreneur Alyssa Rapp at an event put on by her internet start up company Bottlenotes Meeting up with Alyssa at the Chicago MCA wasn t by happenstance In fact I first met Alyssa in 2006 when I lived in Palo Alto after graduating from Stanford As a fresh young graduate looking for new and exciting opportunities I had the dual goal of not only working full time at a start up consulting firm but also rolling up my sleeves at a real start up So I sent a few emails and made a few calls and I eventually found myself working with Alyssa in the evenings and on weekends when I wasn t in the office And not only did I gain have exciting and interesting experiences working at a internet start up but being the Anthropologist I am I also paid attention to the things Alyssa did and tried uncovering the skills it takes to be an entrepreneurial CEO And after doing similar research on other entrepreneurs over the years I ve found that to be truly great entrepreneurs usually have a unique combination of skills passion and creativity an ability to take risks the capacity to make decisions quickly and also an ability to balance competing priorities especially in the early stages These are all traits that aren t necessarily typical for JDs or MBAs In law school JDs are taught to identify risks and mitigate them They re also taught to analyze issues from both sides before making decisions and to focus intensely rather than juggle multiple tasks On the other hand MBAs are taught to be a bit more decisive But because in business school quantitative skills are king MBAs tend to rely on supporting data rather than creative thinking or intuition Harvard Business School likes to say that it trains students to get in the habit of making decisions But in my view being an entrepreneur is a bit more nuanced than both of those Not only must they perform analysis and assess risks but they also have to do it real time so they are better positioned to identify and seize opportunities immediately when the market changes That also means they have to be fearless and quick to act not always out of habit but often times using intuition or gut feel So entrepreneurs tend to have a higher tolerance for uncertainty and an uncanny ability to focus on the details while always honing in on the bigger picture A herculean set of tasks by all measures And it looks like a lot of these traits have paid off for Alyssa And last night the good people of Chicago got a glimpse as the MCA was jam packed withwell over 800 people a number which would have been significantly higher if the event hadn t sold out due to the MCA s capacity It was great to see Alyssa again and to see how successful her company is becoming It was also great to see a Kellogg alum and Bottlenotes COO who I ve gotten to know over the past few months not to mention meeting dozens of new people at the event I even ran into a good friend of mine from undergrad and into a Northwestern JD MBA from the class of 2008 In the end I m glad Alyssa was bold and decided to be an exception after graduating from Stanford Business School And as a result today she s building a business that provides a unique product delivers a highly customized service and perhaps most importantly that brings thousands of people together from across the US to share enriching and memorable experiences Bravo Alyssa and bravo Bottlenotes I hope that all my readers take a second to check out her company Click here to learn more about Bottlenotes And if you re up for a bit more reading click here for an online interview by Start up Stories and here for a podcast interview on iinovate com Thanks for reading everyone Tags Business School Conference Kellogg Law School Networking Saturday June 12th 2010 Business School Law School Leadership 3 Comments My First Day As A Summer Associate At Vedder Price Do you remember your first day on the new job I bet you probably went in not knowing anyone but hoping to impress everyone And it s also likely you also felt like you were running around frantically trying to fill out paperwork or scrambling around on your way to meetings and training sessions hoping you wouldn t be late We ve definitely all been there before But consider doing that now in what s considered one of the worst economies ever Where the stakes are higher and the odds of getting an offer are statistically much lower Sounds nerve wrecking right I thought it did too But fortunately I realized that most of that stuff does not apply here at Vedder Price a mid sized and full service law firm here in Chicago At long last one year after first learning about the firm more than eleven months after first reaching out five months after submitting my official application three months after I got the good word that they wanted to have me for the summer and just a couple of weeks after my law school final exams ended I finally made my way to downtown Chicago to start my first day as a summer associate which technically was the Tuesday after Memorial Day weekend And boy was my first day exciting Although my office is

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  • events can help you validate final school decisions and they also provide a natural and easy venue to really meet a lot of other applicants and future applicants Like I ve said many times before the MBA world can be very small sometimes My good friend and fellow Kellogg blogger Orlando shares some of the same sentiments and last week he also share a blog post about the event I haven t spoken to him today yet but I suspect he ll be there Also if you do decide to come please keep an eye out for me and be sure to say hello if you see me For reference here is the official Kellogg blurb about the event And below that is a link where you can register The admissions office of the Kellogg School of Management in partnership with the Africa Business Club ABC Black Management Association BMA and Hispanic Business Students Association HBSA are excited to host minority prospective students for a special campus visit event We know that you will be very busy over the coming months with various campus visits prospective student events GMAT and business school applications so we d like to give you an early opportunity to learn about Kellogg At this event you will have an opportunity to visit campus meet Kellogg students and professors sit in on a class tour the Jacobs Center and learn about the application process In terms of logistics the time of the event is from 9am to 7pm and will be held on May 14th 2010 See the links below for specific information We look forward to seeing you there Register Now Admissions Blog Student Diaries Kellogg Website Monday May 3rd 2010 Admissions Business School Diversity No Comments Join the conversation AskJeremy Jeremy C Wilson is

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  • is short and the class is really interesting so I m looking forward to it After Thursday though I plan to put up a few more posts than I have been including a few events from the past few weeks It s definitely been an interesting past couple of weeks but school job prep and summer planning have kept me from having enough time to write as much as I d like But thanks everyone for sticking with me not only the past few weeks but also throughout the year It was great to meet some of you at Day at Kellogg DAK and Day at Northwestern Law DANL and to hear you ve been following my website I especially appreciate those of you who bought me free drinks and gave me uplifting words about my site when we met at DANL and at DAK And best of all I m glad that you ll be joining us in the windy city next year It s funny how I felt much busier during finals period last semester but still managed to post more on my site I suspect it s because I m more tired now than I was last semester I think both law school and business school have that in common The first year is hard because it s more core classes More substantive learning required More time and energy expended meeting people More important to get good grades More critical to get out and meet employers And everything generally more foreign But in the end we all walk away smarter stronger better And fortunately at Northwestern Law and at Kellogg we also walk out with great jobs great careers and great potential to create real change in the future So it s worth it In any event

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  •