A Global Network

I recently returned from a vacation to Europe, and who did I meet while hiking through the tiny Italian coastal town of Corniglia? A fellow Kelley MBA student, of course! What luck - my boyfriend happened to be wearing the IU shirt I had bought him during my first year in-residence. As we were walking through the town, a stranger noticed the IU crimson and introduced himself. After a couple seconds of talking, we discovered we were both current Kelley MBA students. He is in the full-time program and just finished up an internship in Milan. Not a bad way to spend the summer - I'm only slightly jealous...

During my first year in-residence, I remember hearing repeatedly from the faculty and staff that Kelley has a vast alumni network. I guess they weren't kidding. We are everywhere! And I guess it also pays to stock up on as much IU gear as possible - you never know when or where you'll run into a Kelley alum!

My Love for Reading...

What’s up KD? I hope that this blog finds you well…

Life right now is a little in limbo; I’m in the middle of a job search. But, the school year is over, so things are quiet, and after a long year – that’s a good thing.

For today’s blog, I figured that I would talk about something that’s really passionate for me – reading!! I’m a pretty voracious reader; and normally, I am reading business management books. My favorite authors are Chip and Dan Heath, Patrick Lencioni, and John Maxwell – not necessarily in that order. I figured I would share why I got into reading, how I get it done with a full time job and family, and my top 5 business management books.

I have always had a love for reading in general. It started when I was growing up with the Book IT! program at our local library. With this program, kids could read books and get credit towards a free personal pan pizza from a local Pizza Hut. This was a great program – and what little kid doesn’t love pizza?

Well, that’s what got me started reading, and after graduate school I picked up business management books. After completing my first Master’s degree, I really wanted a greater understanding of how to develop myself as an administrator and lead within an organization. I stumbled upon John Maxwell’s 21 Laws of Leadership – and a passion was set ablaze. Since then, about 10 years ago, I have read somewhere around 300-400 books on leadership and business management. In fact, I’m so addicted that I actually listen to them in the car on my way to work.

When I talk with friends, both new and old – they ask me how I get so much reading done. I’m an MBA/MSSM student, husband, father of 2 toddlers, and I work full time. Well, I leave the books in my bathroom. I commit myself to reading a chapter a day, and that’s how I get it done. I have found that the bathroom is one of the few places that people will not bother you, so I am able to really get some major reading done in that space. So, there’s my secret, lol…

As for the selection of my top 5 books, I have to admit that I have read so many that it’s hard to pick 5. However, I will give it a shot. Most of my top 5 are books that I use in my work. I have found that by using the knowledge that I gain from each of these books in some small area makes me more likely to actually remember what I read.

So, here’s my top 5:

• Made to Stick by Chip and Dan Heath


• 4 Obsessions of an Extraordinary Executive by Patrick Lencioni


• Switch by Chip and Dan Heath


• 5 Dysfunctions of a Team by Patrick Lencioni


• The 360 Degree Leader by John Maxwell

Well, there you go. I hope that you are able to get some reading done on your own!! Until next time, catch you later KD!!

Dinner With Prospective Students

Terrill Cosgray, Executive Director of Kelley Direct, visited Seattle last week to host a dinner for prospective students. When asked if I would be interested in attending the dinner, I didn’t hesitate to say yes. I have had a great experience working on my MBA in the Kelley Direct program so far, and I wanted to share my insights and experience with the prospective students.

The dinner was held at the Canlis Restaurant. The food was delicious, the service was phenomenal, but the best part of the evening was the great discussion we had with everyone in attendance. In addition to the prospective students, there were other current Kelley Direct students as well as alumni. It was fun to share experiences and get everyone’s perspective on the program. I really appreciated hearing the alumni speak about how the MBA they earned through Kelley Direct has helped them progress in their careers. One talked about how his degree helped him get a great promotion at Microsoft. Another other talked about how Kelley Direct Career Services helped him get a new job at Amazon.com.

I chose the Kelley School of Business because it is a highly rated business school, and the Kelley Direct program is, in my opinion, the best distance MBA program. I have been very pleased with my decision, which is good considering the significant investment I have made in the program both in terms of time and money. I am receiving an excellent education and I have already been able to apply things I have learned in my classes to my present job.

I was asked by one of the prospective students about work-life balance in the program. He wanted to know if it was really possible to take 6 credits per quarter while working full time. I told him that it can be challenging, but it is possible. Anything of value requires sacrifice. That is true of getting a quality MBA education. I have had to sacrifice sleep more than anything else. Luckily, I have the support of my family at home and my boss at work. That makes a big difference. The flexibility of the online MBA format provided by Kelley Direct fits my lifestyle and makes it easier to keep everything in balance.

I look forward to staying in touch with the people I met at the dinner. They are all a lot of fun to hang out with. I hope the information I gave the prospective students was helpful. It would be fun to see them in one of my classes in the near future.

Staying Involved, Even From a Distance

When I got into Kelley, I made a promise to myself - I was going to get involved outside the classroom, build my network, and take full advantage of the fact that I was going to a top 20 business school.

This determination led me to take on the role of president for the Kelley Direct Women in Business group (KDWMBA). Through this group, I have worked closely with KD staff, collaborated with fellow students on new initiatives, and even traveled a bit. I went to Indiana in the fall of 2009 to meet the new first years and talk about my KD experiences, attended an MBA conference in California last October, and participated in the NAWMBA leadership retreat in Utah this past weekend. NAWMBA, a not-for profit dedicated to "empowering women MBAs in order to propel more women into leadership positions in corporate America and to enhance the diversity of the nation's workforce", is KDWMBA’s national affiliation and an organization I am proud to be a part of (bit.ly/NAWMBA).

The retreat last weekend was an incredible experience! I spent three days at a resort & spa surrounded by snow-capped mountain with some truly inspirational MBA students and professional women from around the country (yes, that picture to the left is of the view from my room!). We attended numerous workshops, learned about leadership and how to leverage our strengths, and participated in networking events that allowed us to build strong connections with one another.

I am so happy that I kept that promise to myself, as my experience at Kelley has been so enriched by my involvement with KDWMBA and NAWMBA. Of course, at the time, I didn't know that "being involved" would mean getting a facial at a spa in Utah, but who am I to question the small surprises in life?

Teamwork

Working in teams is an important part of most MBA programs. This is certainly true in the Kelley Direct distance MBA program. One of the things that I have enjoyed most about the Kelley Direct experience so far is the interaction I have had with fellow students and especially the team members I have worked with in each class.

Teamwork starts in the first in-residence on campus where everyone is assigned a team with whom they do all of the class work, presentations, etc. My team at the in-residence (pictured above) was awesome. They are all very intelligent and brought unique perspectives from their diverse professional backgrounds. We worked hard, but we also had a lot of fun together. I learned a lot from each of them.

For students who are new to the Kelley Direct distance MBA program, here are a few suggestions for forming teams:

Networking

Take advantage of every opportunity to network. Get to know as many people in the program as possible. That way you will know who you would want to work with in future classes. The best place to start this is during the in-residences. I made an effort to meet as many people as possible at my first in-residence in Bloomington. Most of the people I have chosen for my teams are people I met at the in-residence.

When I was deciding between MBA programs last year, I sought input from a current Kelley Direct student. He gave me really good insight into the program and great advice on how to be successful. He highlighted the importance of networking at the in-residences:

“As you move forward, you have friends in the program (which is good because there tends to be a lot of group work interaction) who have each others' back and that comes in very important! Through email and Skype calls, cell phones and Facebook pages, I am in constant contact with my classmates. The interaction, support, and camaraderie are wonderful.”

Time Zones

Consider the impact of time zones. Coordinating schedules can be difficult because everyone in the program has a full-time job as well as other responsibilities. Finding a time when everyone is available for a team meeting poses a unique challenge in an online MBA program because the students can reside all over the world.

In my Economics class, I choose teammates who live on the west coast like I do. Since we were all in the Pacific Time Zone, coordinating schedules was a little easier. My Marketing professor put us in teams based on our time zone too. Same-time-zone teams can be helpful for scheduling, but time zone should not be the only criteria in forming a team. Some of the strongest teams I have had were with teammates who live on the other side of the country.

Diversity

Choose teammates with complimentary skills. Some of my most effective groups were with teammates whose strengths complimented my weaknesses or lack of experience. If you have less experience in a particular subject, it can help to have someone on the team whose area of expertise is that subject. My team in my Finance class was very successful, in part because we had someone who worked in the financial industry. The Kelley Direct student body is very diverse, both culturally as well as professionally. Utilize that diversity in your teams.

MBA for the Family Man/Woman

Many people want to get an MBA but come up with lots of reasons not to go after it. Some say it’s not worth the money; the ROI doesn’t make any sense! Others know they want to get it because they desire the knowledge but find it difficult to justify for that reason alone. The majority those who are nearing 30+ years old find it difficult to tackle because they feel they are on a particular path already and aren’t committed to getting another degree. They are too busy with life and, for many people, the family they have begun to build. I delayed my MBA for all of these reasons. I began by getting a masters in engineering but knew my ultimate goal was to complete my MBA. I finished my MSE and was not very motivated to continue my education from a time perspective. I had a new daughter and didn’t see how I could fit it all into my life. I decided to give it a year or so and see what my thoughts were at that time. As time went on, I realized my original goal of obtaining my MBA was even more important to me. So I decided to apply to Kelley Direct and was accepted. During my 3rd quarter of the program, my 2nd child was born. It was amazing to be able to continue my education while having a new child and really not miss out on any of my schooling. With the flexibility of the classes offered by Kelley Direct, you can manage major life changes while keeping up with your studies. It was not uncommon for me to be awake at random hours of the night taking care of kids or taking care of class work. It may sound like a lot but anyone can accomplish this. For me, there was no better way to continue to enhance my learning and progress my career while balancing life events. Kelley Direct provides an outstanding education from one of the best business schools in the country with the flexibility needed for a family oriented professional.

KD and Financial Aid

What’s up KD? I hope that this message finds you well.

It’s been a month – so I figured I’d drop in, and say hello. Things for me are going okay, just busy. I’m in the middle of looking for a new job, working my old job, being a parent, and being a KD student. So, as you can imagine – I have really appreciated the flexibility of KD this past month.

As for this blog, I figure that I would give you some advice on financial aid – since it’s that time of the year. Right now, I pay for KD with a combination of employee contributions and federal loans. It is a good package – not the best, but I am definitely grateful for all of the support that I get.

I know that if any of you are like me, you wondered how you would be able to pay for an MBA – especially if your company doesn’t pay for it. Here are a couple of things to know that have been helpful for me.

• Fill out a FAFSA.

I know that some people are nervous about the debt that can come from 2 years of college loans. But, it’s a really good investment. I’m only one year into my program – and I have learned about million things that have made me more marketable for promotions and given me other career options.

To fill out a FAFSA, go to fafsa.gov. They have all the information there. It can be done all online, takes about 20 minutes, and can take a lot of the financial burden of your MBA.

• Talk to your Human Resources Department.

A lot of people do not talk to Human Resources for a number of reasons – but remember, they are there for you. There may be a number of programs that your company has that will pay for all or a portion of your MBA (or other degree).

The other thing to know is that their contributions to your MBA could be viewed as taxable income. Make sure that you get all the information about the contribution plan before you sign up.

• Understand your financial award.

You may wind up being award more money per quarter than you actually need for your costs per quarter. This money will come back to you as a refund. I know that for me, I need that refund amount to get my books and other school costs.

If you can afford it, it would suggest that you reduce your award to make it stretch further. Once you run out of loans for the year, you have to pay the rest, which may mean that you are not able to take classes for a quarter.

Well, those are just my tips. I hope that you find them helpful. Until next time, I’ll catch you later KD.