Happy 4th of July to everyone! This is a time to celebrate our Independence, fire up the grills, watch fireworks and be with family and friends. At the Culverhouse College of Commerce our EMBAs are no strangers to celebrations. Two weeks ago, on June 14, EMBA alumni, students, faculty and staff enjoyed Family Day at the Tuscaloosa River Market. Family Day continues this year’s 30th Anniversary salute to the UA EMBA Program. There were games, prizes, bar-b-que and a movie, Despicable Me 2.
“I enjoyed talking with some of the folks and catching up with some old friends, said John Duckworth (EMBA 1989). Many of the alumni and faculty showed off their football passes, corn hole and hula hoop skills, and families dressed up in appropriate Alabama-wear for the photo booth. For more pictures from the event click on our Facebook page.
Next up will be a fall tailgate in T-Town. Roll Tide!
EMBA Director Donna Blackburn and John Duckworth (EMBA 1989) at Family Day.
Mike Ross, the Culverhouse College of Commerce Executive MBA Alumni Network President, also serves as Chief Commercial Officer and Eastern Region President of Renasant Bank. After earning his Bachelor of Science from the Culverhouse College of Commerce at The University of Alabama in 1986, he returned just a few years later to earn his Masters from our Executive MBA program in 1989. Mike believes that the program was critically important to his early advancement into senior and executive management. “The additional practice I gained through my course work gave me an early advantage over most of my peers in the industry from an early stage (I was a young 23 years old when I started the program!)” Mike said.
After his oldest son began his freshman year at The University of Alabama, Mike decided to run for UA EMBA Alumni Network President because he wanted to give more to his Alma Mater. As President, Mike plans to focus on enhancing participation and communication from his fellow alumni by hosting additional events for networking and reconnecting.
First up will be the kick off for the EMBA’s 30th Anniversary, a Rooftop Reception at the Renasant Bank in downtown Tuscaloosa on April 17. “We are extremely excited to have Mr. Ross and Renasant Bank host our 30th Anniversary event at their new bank,” said Donna Blackburn, director of the EMBA Program. “Showcasing our achievements since 1985, along with our alumni, students and corporate sponsors such as Renasant is an honor and we look forward to a grand evening.”
“To members of the Network,” Mike said, “please consider proactively reaching out to your classmates and encourage them to participate. We would welcome feedback from anyone as to how we can make the Alumni Network more attractive and beneficial to its members. Also, please send us any news as to major events, promotions, and/or career changes you have made. The success of our members in their lives and careers is the best indicator of the value of the program. The more we can help promote the success of our members, the more valuable all of our degrees become.”
“To prospective new students,” Mike continued, “the EMBA Program at the University of Alabama will change your life forever. The skills you will learn, the experiences you will encounter, and the work ethic that you will adopt will serve you and your families well for the rest of your life. If you have a desire to set yourself apart from your competition in the workplace, please consider submitting an application.”
Nancy Acquavella is a business owner, an avid traveller, a wife, and the mother of three pups. With the flexibility of the Culverhouse College of Commerce Executive MBA Program, Nancy is able to fill her various roles as well as one more: University of Alabama student. To Nancy, success is more than winning; it is about putting forth effort and taking a risk. “(Success is) going after your dreams with everything you have – if it doesn’t work out it isn’t failure, it is success because you tried,” Nancy said. From opening a company with her husband to earning her MBA while working full time, Nancy is definitely succeeding.
After graduating with a Bachelor of Science in International Business from Old Dominion University, Nancy joined the entry-level workforce of a small New Jersey company. Dedication and guidance from her mentors drove her up the corporate ladder and into the executive position of Senior Vice President. Today, Nancy is Chief Administrative Officer and co-owner of Yorktown Systems Group, Inc., which she opened with her husband in 2008.
Nancy and her husband and co-owner, Bryan, with former Inc. 500 Ι 5000 President Bob LaPointe at the 2013 Inc. awards ceremony.
Yorktown Systems Group is a small business that is making an impact providing training, education, and management services to the government. After five years in operation, the company landed on the 2013 Inc. 500 Ι 5000 list with a ranking of 432 – fourth of all ranked Alabama companies and 35th in the government services industry. Nancy and her team conduct the company’s administrative procedures including customer service, human resources, contract management, and more.
Since Nancy’s position requires her to be involved in multiple areas of her company, she knows the value of her free time and chose to invest it into our Executive MBA program because of our convenient schedule and the well-known merit of The University of Alabama. Nancy’s role as a small business owner gives her a unique opportunity to apply the expertise she gains in class as the program progresses. “I’ve been able to tailor the projects to specific issues we have at our business – so I’m not only learning the skills, but also utilizing them in real work issues to get answers and insight,” Nancy said.
Nancy with her husband, Bryan, and step-daughter, Kelsey, in front of Neuschwanstein Castle in southwest Bavaria, Germany.
There is no wondering where Nancy acquired her taste for travel – born on Christmas Day to Mary (Ann) and Joseph in Beijing, China, Nancy grew up between Bonn, Germany and Arlington, Virginia. Although she has visited at least 35 states as well as various locations in the Caribbean, Australia, and Europe, Nancy finds it difficult to single out the best destination. When asked to choose, Nancy responded, “My favorite destination in the US or abroad is the same – somewhere I’ve never been before. Any day in a new place is a fantastic adventure to me.” Nancy is in for a treat in the spring when she embarks on the annual International Trip with her classmates and the EMBA staff and faculty to The Republic of Panama and Colombia.
For more information about the Culverhouse College of Commerce Executive MBA Program, contact Cheryl Altemara at 205.348.4501 or fill out an interest form here.
The new schedule features a blended program in which classes are held one weekend per month over the course of 21 months. A blended program combines the benefits of face-to-face classroom interactions with flexible, online learning.
According to Donna Blackburn, director of EMBA Programs at The University of Alabama, “We are finding that managers who want to pursue an MBA are today juggling family and longer work hours. A blended program will give our students more flexibility in learning material on their own schedule while enriching the in-class time for greater discourse and learning from their peers and faculty.”
Classes in the Huntsville EMBA Program offered by the University of Alabama are held on the UAHuntsville campus. The five semester program will begin with an orientation/immersion week in August. In addition to taking three classes per semester a leadership component will begin at orientation and continue throughout the program. The program also includes an international trip as part of the Global Business Strategy course in the students’ last semester. Emphasis is placed on enhancing leadership and business skills in preparing students for navigating corporate challenges.
The University of Alabama has offered the EMBA program in Tuscaloosa since 1984. In 2008, UA established the Huntsville EMBA in cooperation with the UAHuntsville. For more information or to apply to the program, go to www.emba.ua.edu, or call 205.348.4501.
This month, our student spotlight is Joel Druxman, a member of the Culverhouse College of Commerce Tuscaloosa EMBA class of 2009 at The University of Alabama. Joel received his undergrad in mechanical engineering from New Mexico State University. He has been married for almost 10 years, and he and his wife, Dr. Vlada Groysman, have two children, a 4 year old daughter and 1 year old son.
When Joel entered the EMBA program at UA, he was working as an operations manager for Commercial Metals Company. Since completing his EMBA, Joel and his wife have recently started their own medical practice, Cahaba Dermatology, located in Hoover, Alabama. “My wife practiced in the department of Dermatology at UAB for 4 years and decided she was ready to go solo. We are somewhat of a husband/wife team. She’s the doc, and I’m managing the business,” Joel said. “I have always had an entrepreneurial drive, and the EMBA program helped to better channel that drive.”
Working with a spouse or significant other could be challenging for some, but Joel and his wife are enjoying the dynamic. “It’s probably not for everyone, but it has strengthened our relationship in many ways. It’s very easy to get hurt feelings when disagreements arise, so we try to engage each other more as co-workers rather than husband and wife in these instances.”
For a husband and father of two, finding a balance between work and family can certainly prove to be difficult. To add in the startup of a new medical practice just screams the word “chaotic.” Although it has been a challenge, Joel and his wife have found a “method to the madness” that works for them. “When you own and operate your own business, it’s not always possible to turn things off when the garage door opens, so you just have to find a balance and timing that works. We try to put our kids first and find the time with what’s left.”
Owning and managing a medical practice has really given Joel an opportunity to cash in on his EMBA degree. According to Joel, the general knowledge of how a business is run and what metrics are key are some of the most helpful things he learned from the program. “I feel the knowledge helps us to ask the right questions of those advising us and keep ourselves ahead of the curve. Knowledge of marketing and operations philosophies has been a big ROI for us.”
Joel’s advice for current or upcoming EMBA students is to learn from the program and then be flexible as you apply your knowledge to your own pursuits and goals. “Don’t think you know everything, and make sure you build a good team around you. Work on your networking and communication skills in the program as these are critical.”
You can check out the medical practice Joel and his wife started by visiting www.cahabaderm.com.
For more information about the EMBA program at UA, visit emba.ua.edu.
An average EMBA classroom consists of 25.4 percent female students, according to the Executive MBA Council. At The University of Alabama Culverhouse College of Commerce Executive MBA our female/male ration is 37 percent for women in the latest 2014 class. Although we continue to grow our female numbers we are often asking why such a large gap between the number of men and women? In talking with prospects, our top reasons include the added responsibilities of starting or caring for a family, securing support from an employer and time commitment required by work and family.
However, an EMBA program could be the perfect match for women who are looking to expand their business knowledge and professional development. Here are four reasons why:
1.) Convenient class schedule
One of the biggest benefits of an EMBA program for women is the convenience of the class schedule. The classes for EMBA at The University of Alabama meet every other weekend (Friday evenings and Saturdays). Not only does this schedule format reduce time away from work, but time away from home and families as well. Most women have an innate ability to multi-task. An EMBA program can improve on these skills and help women achieve a balance between work and home life.
2.) Female sponsors and role-models
In a Time Ideas post by Sylvia Ann Hewlett, “Women with sponsors are 27% more likely than their unsponsored female peers to ask for a raise. They’re 22% more likely to ask for those all-important stretch assignments, the projects that put them on the radar of the higher-ups.”
Female EMBA students have the opportunity to meet and learn from other business women professionals, and build strong networks. They also become role-models themselves, and are able to show other women that it is possible to successfully balance work, home, travel and study. 3.) Break through the “glass ceiling”
In Bloomberg’s 2013 Gender Gap in Earnings, men in the U.S. continue to out earn women by 23% and hold greater number of leadership positions. An M.B.A. does not guarantee a C-level position but it can lead to more opportunities, higher salaries, promotions, and gain the confidence to take on greater responsibilities at work.
4.) Taking time for yourself
Let’s face it by nature, women are nurturers who tend to put the wants and needs of others before their own; however, it is important for women to take time for themselves and pursue their dreams as well. The decision to pursue an M.B.A. is a huge step toward career development and improvement, and is a big investment in the future as well. By earning an M.B.A., women can prove to themselves as well as others that they are capable of achieving any goal they set for themselves.
For more information about UA’s EMBA program visit emba.ua.edu. 5 Top Business Schools Just as Great as Harvard and Wharton
This week we will be posting our first EMBA Elite Spotlight. These articles will help share more about the EMBA program at The University of Alabama from an insider’s point of view, as well as some EMBA alumni and student success stories.
Our first student spotlight is Paul Mongeon, a member of the Tuscaloosa EMBA class of 2014. Paul is originally from Beulah, North Dakota, but has lived in Mississippi for the past 15 years. He has been married for 12 years, has two kids, and works as the Engineering Manager at North American Coal Red Hills Mine in Ackerman, MS. Paul is a current EMBA student at UA, and is preparing for the upcoming international trip to Santiago, Chile and Lima, Peru in February, as well as his graduation from the EMBA program in May.
Paul has an undergrad degree in civil engineering from North Dakota State University. His favorite book is Good to Great by Jim Collins, and he is currently reading up on South American culture to prepare for the international trip.
Balancing work, family, and graduate school is always a concern when considering an EMBA degree. As a father, husband, and engineering manager for his company, Paul Mongeon had the same concerns. “I have always enjoyed business, and I realized there is never a good time to go back to school,” Paul said.
Pictured: Paul Mongeon (right) with classmate Jason Cochran (left)
One of Paul’s favorite EMBA team stories involves the negotiations class. “It started with an easy negotiation and ended up with two groups upset with each other because of a communication problem!” According to Paul, communication is vital when participating in the EMBA program. “My advice to someone starting the EMBA program is to communicate to everyone that you will be changing your life – so expect a major transformation!”
Paul defines success as learning and teaching as much as possible and says that the best business advice he has ever received was to live below your means. “I honestly think the negotiations class has changed my life the most. The skills I learned in this class have helped me deal with many difficult situations without unneeded stress. I learned to never be caught without a backup plan and always anticipate tactics that others will use in negotiations.”
Check back for more spotlights on current EMBA students and alumni! For more information about the EMBA program at UA, visit emba.ua.edu.
According to The Executive MBA Council, approximately 60 percent of students receive partial or full funding for their EMBA degree. Although more EMBA programs are offering scholarships or fellowships (46.2 percent in 2012), students may also receive full or partial sponsorships from their employers.
EMBA programs offer many benefits to students, as well as students’ employers. Here are some benefits to point out when discussing your plans to pursue an EMBA degree with your employer and negotiating potential funding and sponsorship options:
1.) Sponsoring an employee’s participation in an EMBA program is a company investment.
When an employer decides to sponsor an employee’s participation in an EMBA program, they are not only making an investment in that employee, but in the company as a whole. It is an opportunity for the employer to increase retention of top performing employees. By investing in and improving the existing talent within the company, employers will encourage their employees to stay with the company, and ultimately save money by eliminating the need for recruiting outside talent. 2.) Companies receive instant return on investment.
EMBA students will gain new skills and knowledge from the course content that can be immediately applied to the workplace. Such skills include the ability to think strategically, analyze complex problems, integrate information, and make tough decisions. Students will be able to better identify opportunities for improvement within their company and apply creative and effective solutions.
3.) EMBA sponsorship can improve in-house succession planning.
While participating in an EMBA program, students will develop leadership and communication skills that will enable them to advance to the next level within their company. Students learn to work well with a team, as well as how to successfully lead a highly performing group of individuals. Employers will feel confident when developing a succession plan, as students will gain a better understanding of business functions from an organizational standpoint.
4.) Companies will gain access to the latest business trends, management strategies and techniques, as well as the experience and knowledge of other business professionals.
EMBA students will broaden their perspective by learning about the latest business management techniques and gaining insight from other working professionals with diverse backgrounds. Students can draw from this information and bring new ideas and strategies into their workplace.
5.) EMBA students can bring a new global perspective into their workplace.
Many EMBA programs take an international trip as part of their curriculum. Students will develop a deeper understanding of different economies, businesses, and cultures worldwide. Through company visits, meetings with business professionals and government officials, and tours of cultural and historical sites, EMBA students will gain a new global perspective, and can build an international network that can be very beneficial for the companies they work for.
6.) The actual payback period has been reduced from 23 to 17 months. An article in The Washington Post states that reports show the actual payback period for an executive MBA has been reduced from 23 to 17 months over the past year, despite the rising average of program costs. The important thing for employers to remember is that the benefits from sponsoring an EMBA student are long term, reaching far and beyond the time it takes to fully recover the costs of their investment.
When discussing an EMBA sponsorship with your employer, it is important to point out these benefits and demonstrate how funding an EMBA degree is a sound investment in the future of your company.
The University of Alabama’s EMBA program offers an outline to assist students in developing a proposal for corporate sponsorship, which you can access by clicking on the link below: UA-EMBA Corp Sponsorship Proposal
For more information about the EMBA program at UA, please visit www.emba.ua.edu.
You have been looking at various graduate schools, searching different programs, talking with friends, colleagues, and even random people you meet. You have narrowed it down to a few schools. Now is the time to attend an information session or an open classroom. Before you go, here are some things you should know:
1.) Information sessions generally start off with a check in and a reception with some time to mingle. This is a good opportunity for talking privately with the staff, faculty, alumni and current students. For open classrooms, arriving early will allow you to talk to students before they must focus on the class lecture.
2.) During the reception or open classroom, be prepared to talk about yourself. At the beginning of the session guests are sometimes asked to introduce themselves to the group. Sharing information about yourself, your position, your company and why you are pursuing a graduate degree will be helpful for those who are attached to the school. It will also help them in relating your background and experiences with others who are similar to you and the benefits they received.
3.) Personal interview – you may also want to arrange for a one-on-one meeting with the admissions person either before or after the event. The personal interviews usually cover the program in more detail and allow you to ask questions pertaining to your own issues and goals. It also gives the admissions officer an opportunity to get to know you.
4.) Be professional! The staff, alumni and students will notice your dress, conduct, and interest, so be prepared and make a good impression.
5.) Check out the campus and classroom. While at the open classroom take some time either before or after the lecture to check out the campus. Also note the parking and lodging if you may be staying overnight to attend classes. How long did it take you to drive to the location, and what restaurants or shops are located nearby?
6.) Questions – go prepared with questions. You will find that during the reception or at any point in the information session, you will have the opportunity to ask a question. During open classrooms, it is best to hold questions until a break period.
Some typical questions are:
How has the program benefited you (or your company)?
Did you receive a promotion, change jobs, change positions while in the program?
Since graduation, how has the program helped you with your career?
Is career counseling available?
How did you juggle work, school and home?
How much support did you receive from your company (financial, time off)?
Looking back, what would you say were the best courses in developing your career and why?
Does the program require team assignments and if so, how often do teams meet outside of class?
Could you tell me how study teams are formed?
What is the ratio of individual to group assignments?
How much time outside of class do you spend preparing for class?
Is there an international trip involved in the program? How is the country selected? What companies do you visit? Who do you meet with at the companies?
Is there a masters’ project?
How did you secure funding? Are scholarships available? Is there a VA office on campus?
How active are alumni? Are there alumni programs and events?
7.) At the end of the event, be sure to exchange contact information. You should also receive a follow up email from the University. At this point, feel free to ask for names and contact information of anyone you met but did not secure a business card. Also, ask additional questions or if you did not have time to set up a personal interview, do so now.
Graduate school is a BIG investment. EMBA Programs offer many benefits like a schedule that does not interfere with working professionals, a lock-step program where classes are set, a definite graduation date of 17-24 months from the start of program, and classmates who have extensive work and management experience.
Do not take this investment lightly! Attend an event. Be prepared.
The University of Alabama EMBA has many events throughout the year. We encourage you to attend an information session and an open classroom. To RSVP, or for more information about upcoming information sessions, open classrooms, or to set up a personal interview, please contact Cheryl Altemara at caltemara@cba.ua.edu or call 205-348-4501.
Are you ready to return to graduate school? Is the EMBA Program at The University of Alabama right for you? UA’s EMBA program is designed for working professionals and allows students to continue working while completing their degree in four or five semesters. Students may earn an MBA degree in one of two locations, Tuscaloosa or Huntsville.
Students enter the EMBA program with specific needs and set expectations. Interviews conducted prior to starting the program show that the number one reason for enrollment is “increasing business knowledge.”
There are many takeaways from the program. A recent survey of UA EMBA graduates (2002-2012) reported that the program helped students grow their businesses, change careers, secure promotions, and think more strategically.
What are the top 10 benefits for UA EMBA students?
1. Increased business financial skills
Students are given tools to assess new financial strategies and develop a deeper understanding of annual reports and related financial data. Students report a better understanding of how their own businesses run.
2. Building a business network
Without a doubt one of the greatest benefits is the strong network forged in the UA EMBA. Students form lifelong friendships and make valuable business contacts. Diversity in student backgrounds, academics, industry and culture provides a rich environment in which to learn.
2013 EMBA Graduation
3.Achieving Personal and Professional Goals
Students set goals at the beginning of the program and encourage each other to reach their personal and professional goals by the end of the program. Achieved goals run the gamut from company promotions to running a marathon; from improving business skills or starting a company, to becoming a more effective leader or even learning how to sky dive.
4. Improved Negotiating Skills
The negotiation class, in combination with other courses, helps students to understand their businesses better and teaches them to make more informed decisions. Graduates attribute the skills they learned to negotiating savings for their companies, as well as obtaining better raises and signing bonuses.
5. Thinking Strategically
A boardroom approach to learning encourages the exchange of ideas, discourse and executive level strategic thinking. The program builds to a final semester focusing on strategic communications, management, implementation, global strategy, and includes a final project that provides valuable ROI to companies.
6. Enhancing Careers
Are you looking for a degree to get you to that next management level? Eighty percent of UA EMBA graduates have received promotions, and 32.4 percent have received three to five promotions. The remaining 20 percent reported job changes, becoming owners of their own companies, or becoming consultants after graduation. Corporations also work with us in sponsoring their employees as part of retention, promotion and succession planning.
7. Challenging Curriculum
The program is NOT MBA-lite. UA EMBA is an academically rigorous program that challenges its students. The faculty bring vast experience, many of which have worked outside academia, or have consulted extensively with various industries, defense and government.
International Trip to Istanbul
8. Thinking Differently – Broadening Perspective
When you bring together a diverse group of people and expose them to cases, open debates, discussions, and in-depth presentations, they obtain a broader perspective and a new way of thinking.
The international trip in the final semester exposes the class to different cultures, global markets, worldwide corporate strategies, and shows them how to do business in another country.
The added bonus is that students forge stronger bonds. The trip offers exposure to industries and culture, but also provides time for students to further their friendships with each other.
9. Continuing a Career while Completing an MBA
We understand that it’s hard to juggle work and family, and to add graduate school to the mix is extremely tough. We often tell prospects that it’s like adding a second job. It is tough, but it is also very rewarding. The Alabama EMBA format is lock step (all classes are taken together, from start to finish). We offer both a four-semester and a five-semester program, taught on alternating weekends. You will never have to wait for a class to be offered; They are all set for you.
10. Becoming a More Effective Leader
Our goal at UA EMBA is to help managers advance their knowledge and their companies’ bottom lines. Some students are moving up the corporate ladder, while others are moving from technical fields into more strategic areas, or growing their businesses.
Dr. Khursheed Nadeem Anwer, President and CSO of EGEN and 2012 EMBA graduate, noted that “Although I am a scientist by training, the UA EMBA Program helped me think more strategically, giving me tools as a business professional to impact my organization and industry more effectively.”
Are you ready to take the first step? Contact Donna Blackburn at 205.348.8748 or fill out an interest form here.
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Two weeks ago, on June 14, EMBA alumni, students, faculty and staff enjoyed Family Day at the Tuscaloosa River Market. Family Day continues this year’s 30th Anniversary salute to the UA EMBA Program. There were games, prizes, bar-b-que and a movie, Despicable Me 2.
