Tag: Master of Business Administration

Get Started On Your Dreams in 2018

By Hayley Ray Hallmark

As Ralph Waldo Emerson said, “The only person you are destined to become is the person you decide to be.” This statement is a pretty powerful thought if you think about what choices you have made to become the person you are today. What you prioritize in your life makes you “you,” and although everyone can improve or change themselves at any moment, a new year is the perfect time to analyze 2017 and turn ideas of the person that you want to become into reality.

According to YouGov’s study, although 32% of Americans did not make 2018 New Year’s resolutions, 68% of us did. 68% of us still believe in that “new year, new you,” idea, and I have to say – I’m one of them.
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Perhaps the 32% answered this way because of lack of time, a hectic work schedule, or family obligations, but if you don’t accomplish what you want to now, when are you ever going to do it? I don’t know about you, but I don’t think I have ever heard a family member, friend, or coworker tell me they had more free time than they knew what to do with.

There are always the eating healthier/getting fitter resolutions, but how do you want to make 2018 an impactful year for you? Do you want to become more knowledgeable about what other companies are doing or how to motivate your employees? Do you want to learn something new or completely change your career?

UA EMBA team consulting on an export strategy with one of our international corporate visits.

All of the things above that the average American wants to complete in 2018 take time and planning, but I have to say –a good number of these goals can be achieved through The University of Alabama Executive MBA Program. Yes, it is a time and financial commitment, and it definitely isn’t easy, but in our 2017 alumni survey, 99% said they would do it again.

I can safely say that my classmates and I read more – probably more than any of us expected, but we learned so much about other corporations that several of us were able to apply techniques from other industries to our own, or felt comfortable starting new businesses altogether. Eight percent of our classmates have started our own businesses and 15% are currently developing a start-up.

A sea of EMBA students on a foodie motorbike tour in Vietnam.

We did the EMBA program for different and/or multiple reasons, but being with the same people either one weekend a month for 21 months or around two weekends a month for 17 months brings you together.

The bonding could be cramming together over a project management quiz, with one person exclaiming the acronyms they used to remember processes, together acing a group presentation that you put your heart and soul into for weeks, or shouting at one another in glee as each one of our individual motorbike drivers raced through the streets of Vietnam with you on the back.

Katie and me on graduation day in May 2017. ROLL TIDE!

For me – I met one of my best friends in the EMBA Program – and she’s actually a bridesmaid in my wedding!

Even if you come from a business background, you are going to learn a new skill that you don’t have now. It could be nonlinear optimization, negotiating, or blending infographics into a presentation seamlessly. Or possibly Project Libre, Minitab, or Excel Solver. The words I use in my writing became less poetic and more analytical, and although I found myself to be a strong presenter, there is always room for improvement!

Several classmates of mine moved to different companies or industries, and although I stayed at The University of Alabama, I received two promotions during the 17 months of my program. Many alumni can say the same, with 79% receiving promotions (average number is 3.3 promotions per student) and 98% receiving an increase in pay, with 8% stating they make at least twice as much as when they were a student. Others loved and wanted to stay in their current jobs but wanted to add to their skillsets, with 13% now serving on a corporate board of directors, and 29% serving on a non-profit board.

It’s 2018, what is it that you want to do? Whatever it is, make an action plan and get started. One of my favorite Walt Disney quotes is, “All our dreams can come true, if we have the courage to pursue them.” You owe it to yourself to be courageous in this new year, and work on the person that you want to become, starting today. ❤︎

To learn more about the UA EMBA Program and how you can apply, contact Hayley Ray McNeill at hrmcneill@cba.ua.edu or call 205.348.0954. To request information now, click here.
Sourcehttps://www.statista.com/chart/12386/the-most-common-new-years-resolutions-for-2018/

EMBA Elite Spotlight: Nathan Chilcutt

Nathan ChilcuttProgram: Tuscaloosa EMBA (Class of 2013)

Education: Georgia Institute of Technology, BS, Building Construction; University of Alabama, M.B.A.

Previous Occupations/Experience: President, Housing Inc.; Vice President, New Home Building Stores

Current Occupation: Culverhouse College of Commerce, University of Alabama, Instructor, Operations Management

Why did you decide to teach?

I’ve always enjoyed teaching. I’ve always found myself in a position of being a trainer and leaning toward teaching, whether it was coaching or Sunday School or at work. I’ve always enjoyed mentoring others and just kept pursuing the decision to teach.

Did an EMBA professor help you decide to begin teaching or impact your teaching methods? 

As far as helping me decide to start teaching, I’d say Dr. King in his Leadership class helped tremendously, and Dr. Strickland in his Strategy class helped lay out the path. Others, like Drs. Dulek, Ellinger, Albright, and Gray, whose personalities, temperaments, and ways of handling difficult course content and making them easier, showed me I could do this and take industry experience and apply it to the classroom.

Why did you enroll in the Tuscaloosa EMBA program? 

They accepted me! Seriously, the cost and national reputation was part of it, and it’s close. We were here; my wife teaches at the University. I looked elsewhere, and I just wanted a campus experience instead of an online experience. I’m teaching an online Introduction to Operations Management class now and I don’t see how people do it!

What was your favorite experience in EMBA? 

Just the fellow students and being able to interact with peers. I was kind of the old guy, and it was nice to see that I had life and business experience that I could use to improve and to help others with some of their business and class problems. Age has its benefits and I can actually bring something to the table!

What has been the most interesting part of teaching?

The volume of work required! It’s been a good thing, but I’ve been an adjunct before, and it’s always been one or two classes and I’ve been surprised at the volume of work that’s necessary to do it well. There’s a great deal that goes on in the background that you don’t even think of until you’re teaching. It’s great to do and it’s a tremendous and worthwhile experience. Dealing with the students is a lot of fun, even the tough ones!

According to former students of Nathan Chilcutt’s:

  • “Hands down one of the best teachers in the business school!”
  • “Like all good teachers, he was less focused on what the book had to say and more focused on what we needed to know for real life applications.”
  • “Professor Chilcutt is one of the most helpful professors I have had at this university.”

What advice would you give to current EMBA students? 

Get to know your professors on a personal level, don’t just deal with them in class. Personal interaction is key; it’s amazing what these people can present to you and provide and want to provide because they want to give something. Get to know and interact with your classmates, ask a lot of questions and just be be open to the experience, that’s the greatest thing-just be a part of it.
For more information on the Executive MBA Program at The University of Alabama, contact Cheryl Altemara at 205.348.4501.
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EMBA Elite Spotlight: Alumni Network President Mike Ross

Mike RossMike 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.”

For more information about the Executive MBA Program at The University of Alabama, contact Cheryl Altemara at 205.348.5401 or request information here.

2014 in review

Screen Shot 2015-01-05 at 2.56.05 PMHappy New Year to our followers and Bama fans.  We had an amazing 2014, welcoming our new Executive MBA classes in Huntsville and Tuscaloosa, celebrating the graduation of our EMBA Class of 2014, tailgating, connecting with alumni, showcasing companies, hearing great speakers and recruiting outstanding students.  Our visits to Santiago, Chile and Lima, Peru, and the breathtaking Machu Picchu, are some of the many moments we will never forget.

We are looking forward to 2015 as we celebrate our 30th Anniversary of the EMBA Program.  There are wonderful events being planned throughout the year and we look forward to having you join us to celebrate this milestone.  In addition, we will be reporting on recruiting events, showcasing our students and alumni, highlighting speakers, blogging about our upcoming trip to Panama and Colombia, and letting you get to know more about us, the EMBA staff and faculty.  Get ready for another AMAZING YEAR with the Culverhouse College of Commerce Executive MBA at The University of Alabama.

ROLL TIDE!

Here’s an excerpt:

A New York City subway train holds 1,200 people. This blog was viewed about 7,900 times in 2014. If it were a NYC subway train, it would take about 7 trips to carry that many people.

Click here to see the complete report.

For more information on the UA EMBA Program, contact Cheryl Altemara at 205.348.4501, or caltemara@cba.ua.edu.

EMBA Elite Spotlight: Joel Druxman

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.”
Joel and Vlada at office
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.”
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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.

4 reasons why women and EMBAs are a good match

WW4gAUhMOCALc-d4uBTaM8dypfXaYjX94S2BHJxDMNsAn 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.
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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.
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For more information about UA’s EMBA program visit emba.ua.edu.
5 Top Business Schools Just as Great as Harvard and Wharton

EMBA Elite Spotlight: Paul Mongeon

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.
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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.

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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.
 

How to convince your company to pay for your EMBA

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.
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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.

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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.

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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.

Executive MBA – A Good MBA Choice for Veterans?

UA Manderson EMBA Military Veterans and students preparing for their international immersion.

Transitioning from a military career to a civilian work environment is cause for serious reflection and careful planning.  Questions arise … will my military leadership and management skills translate? Is the EMBA the right degree for me?  Why is an EMBA Program a great choice for Veterans specifically?  Are accelerated programs, EMBA programs for instance, respected by industry? Can I find a reputable EMBA Program that is also military friendly? Can I work full time while participating in an EMBA Program?  Can I afford it with my Post 9/11 GI Bill education benefits?
When considering the best path for your education, remember the following points:

  • Will my skills translate?   Trends show the corporate world benefits greatly from well-seasoned military leaders who are making the decision to transition out of active military service.  After all, historically, many a great business theory or strategy was first developed in a military setting prior to trickling into commercial industry.

 

  • Is the EMBA the right degree for me?   There actually is no E.M.B.A. degree in the US at this time.  An EMBA program offers the M.B.A. degree in a format designed for experienced professionals.  The degree curriculum is generally broad by design to prepare students for executive leadership positions. Also, an executive-style MBA program is an efficient way to reframe military leadership training with a boardroom-style business education.

 

  • Why is an EMBA a great choice for Veterans specifically? The average EMBA student has 15 years of professional work experience.  By choosing an EMBA format for their degree, Veterans are immersed with a group of experienced, highly motivated professionals from diverse industries such as technology, telecommunications, health care, manufacturing, services and defense.  Learning from professionals active in other industries is a great fit for the warfighter who wants to transition quickly into an executive environment.

 

  • Is an EMBA respected by industry compared to a “regular” MBA?  Yes! Industry leaders understand and value the drive needed and sacrifices made by professionals who work full time and earn a degree in an academically rigorous EMBA program. Additionally, company executives know EMBA programs value leadership skills, teamwork mindset and the world experience Veterans bring into the classroom. They know they are getting a good “product” by hiring an EMBA. EMBA programs offer a boardroom-style class setting with experienced professionals and typically in an accelerated schedule, ranging from 17 to 22 months in length.  Work and school is a challenging undertaking.  Taking on this challenge with a network of experienced professionals is a rewarding experience.  Industry understands and values the discipline required to graduate from a highly-regarded EMBA program.

 

  • Can I find a reputable EMBA Program that is also military friendly?
    Most EMBA programs require a minimum of five years of professional work experience and count military service years equal with commercial-industry experience. Key tips for Veterans or active military who are evaluating how Post 9/11 G I Bill benefits apply to tuition costs: 1) check on whether the program is a public institution and if tuition is considered “in state”  2) ask if a program waives application fees or waives tuition prepayment requirements for active military and Veterans   3) confirm that your enrollment status will be considered “full time”.

 

  • Can I work full time while participating in an EMBA Program?  Yes.  Take advantage of that great post-military job offer while attending school full time.  A weekend schedule is a perfect schedule for the working professional.  Plus, EMBA faculty understand your schedule and in most instances can work with you on work/life schedule conflicts.

 

  • Can I afford an EMBA Program with my Post 9/11 GI Bill Education Benefits?  Yes! Although tuition is slightly higher for most EMBA programs, this is typically due to the “all-in-one cost” of the tuition/fees structure.  Meaning your tuition, books, supplies, meals, and international immersion are included in the cost of the program. Contact the program you are considering for more details.  In most cases you will be pleasantly surprised!

If you are looking for a perfect fit as you transition from military service to the civilian workforce; check out an Executive MBA program. It is challenging experience that will fit well with the skills developed through a career of military service.  Visit the Executive MBA Council website, embac.org, to compare programs in your region; compare up to five programs side by side on this site.

For more information on this blog, visit www.emba.ua.edu or call Cheryl to talk more about returning to Graduate School as a Veteran, 205-348-4501.