The Way I See It

Honorable Mention: Life in the BHP

Google Calendar is Joshua Hu’s “best friend.” The third-year student is enrolled in both the Business Honors Program (BHP) and the MPA program. He is the president of the Asian Business Students Association, an active member of the Undergraduate Business Council, and a student recruiter for BHP. His intramural basketball team, the Basket Brawlers, will play for the third season this spring.

BHP students in the board room of Coca Cola headquarters in Atlanta, Ga.

He spent last summer as the Leadership Operations intern at Amazon, and will intern with General Electric this summer in Connecticut.

Hu’s combination of academic excellence, extracurricular involvement, and leadership skills is the trifecta that defines a BHP student.

In an already competitive, top-ranked business school, BHP is even tougher to get into. In 2012, 1,061 students applied, and only 235 were accepted. The average SAT score for the admitted class was 1480, and the average high school class rank was the top 2.1 percent, more than twice the already staggeringly exclusive 5.7 percent average rank of the broader BBA freshman class.

And once students enroll, there’s lots of work ahead, both inside and outside the classroom. But BHP students say it’s worth the effort.

“It takes a lot of self-control, “ Hu says, “because you have to lay out your schedule and always make school a priority because you’re in college for a reason.”

BHP is both a major and an honors program, modeled after case-based MBA programs. Students have access to smaller classes, an accelerated curriculum, top professors, and an Honors Lyceum that brings in business leaders as guest speakers. BHP also offers hands-on academic boot camps, a peer tutor database, and case preparation workshops led by MBA faculty.

Robert Prentice is the associate chairman of the Business, Government and Society department as well as the faculty director for the Business Honors Program.

He says that, like Hu, most of the students in the program have a second major, whether it’s another business major, or something outside McCombs such as Spanish or engineering.

Prentice believes that while the program encourages students to get involved around campus and explore their academic options, the students that BHP recruits and admits are the type of students who seek leadership opportunities on their own, as well.

“We select students that have demonstrated good leadership in high school and we give them as many opportunities to hone those skills with the notion that when they go out in the real world, they’ll be able to make a difference,” Prentice says. “Our kids like to make a difference. They like to make BHP a better program, they like to make McCombs a better school, and make UT a better university, and make Austin a better place to live, and we’re really proud of that.”

Justine Taylor-Raymond, a senior BHP and finance major, says she sought to be admitted to the program as a sophomore because she wanted a challenging academic environment.

“It’s much more about coming to the answers through cases and examples, and the tests are just that extra level beyond,” she says.

Like Hu, Taylor-Raymond is a leader in several organizations. She is the corporate relations vice president for the Honors Business Association and the scholarship and service chair for the Orange Jackets, an honorary service student organization.  She also acts as a peer mentor for incoming BHP freshmen and is an active member of the Alpha Delta Pi sorority.

Keeping up with all that takes a “mildly color coded” planner and a love for each organization.

All that work pays off. BHP students have a near-100 percent job placement rate upon graduation, and last year earned the highest average starting salary—$63, 144—of all majors.

Prentice says that recruiters frequently reach out to the program because of its reputation for producing hardworking and successful employees.

Hu believes that his experience in BHP has enhanced his college experience and prepared him for future success.

“The skills that are emphasized in BHP, like presenting and teamwork, will definitely be applicable in the future, no matter what career I do,” Hu says. “A lot of the classes within BHP teach you how to think by analyzing cases and thinking outside of the box. In the workplace, not everything will come to you easily. You have to make tough decisions, think about things, and work through a lot of problems, and BHP really prepares you for that future career.”

In addition to career preparation, Hu says BHP offers him the opportunity to work with a community of highly motivated students and friends. Taylor-Raymond agrees, and says that that joining BHP helped define her time at UT.

“BHP has probably been my favorite thing at UT,” Taylor-Raymond says. “The people I’ve met and the connections I’ve made are with some of the strongest people here, and I can already feel that I’ve benefited from my experiences inside and outside of the classroom. BHP has been fun, challenging, and rewarding.”

Reposted from McCombs Today

Energy Startup Seismos Wins at TVLIC

Seismos, a company that combines the power of CO2 and sound waves to release oil reserves trapped underground after drilling, won first place at last week’s Texas Venture Labs Investment Competition (VLIC). The competition, presented by Jon Brumley Texas Venture Labs (TVL) to give students experience with earning venture capital, was held at the AT&T Executive Education and Conference Center. Twenty-one teams of University of Texas graduate students presented their business pitches in the semifinals, and five progressed to the final competition for $135,000 in prizes. Additionally, the winning team received automatic entrance into the Global Venture Labs Investment Competition and a year’s residence in the Austin Technology Incubator. The final round was judged by Isaac BarchasMorgan Flager, Shelley HossenloppRobert Reeves, and Jerry Sullivan.

Seismos, comprised of MSTC students Panos Adamopoulos, ’13, Omar Hernandez, ’13, Stevan Slusher, ’13, and  Devin Bedwell, ’13, began in the classroom of Professor Rob Adams.  Bedwell, the team leader, said that the team was excited but not surprised by their win.

Winners of Texas Venture Labs Student Competition UT Austin McCombs

“Not to sound too overconfident, but we knew we had something,” Bedwell said. “We had a validated market pain and a technology that could address that pain, plus, it is oil and gas so we knew we had a big market. There were other really good teams, and we knew we had some strong competition, but we were expecting to do well.”

Second place in the competition went to BeatBox Beverages, an alcohol-beverage startup by a team of second-year MBA students, and third place went to GluTact, a startup run by a team of MSTC students who are commercializing a technology to monitor and deliver insulin via contact lenses.

This year marked the 30th anniversary of the Texas VLIC competition and was the competition’s  largest. Much of the growth is attributed to Rob Warren, the new Assistant Director of Jon Brumley Texas Venture Labs. Warren, former executive director for entrepreneurship at the Asper School of Business University of Manitoba, joined TVL this year. He said for this competition he focused mainly on bringing in students from a variety of graduate programs, including teams of engineering students, communications students, and students from the LBJ School of Public Affairs. He also aimed to create a more realistic experience, to help students better develop investor-ready new businesses.

Warren said that the competition encourages innovation both inside and outside of the classroom, and its success makes The University of Texas at Austin a standout campus for entrepreneurship.

“It’s really put this school at the forefront of student entrepreneurship in the world, and this is why we’re constantly moving up in the rankings—because we’re being very innovative,” Warren said.  “We’re taking the competition one more level up, and that is providing even more real-world experience for our students and is also driving them towards thinking about starting a business when they’re here.”

Warren encouraged all the teams from this year’s competition to participate in other such contests across the country, to gain more experience and potentially secure a spot in the Global Venture Labs Investment Competition.

Seismos’ Hernandez said that while his team has a lot of work left to do, they are excited about the chance to compete at GVLIC, the “Super Bowl of Investment Competitions,” which will be held at the AT&T Executive Education and Conference Center in May.

“Personally, I feel very positive about [our chances],” Hernandez said. “I think the odds are very good for us. We’re already working on our business plan and integrating some of the feedback we received last week. I feel that the odds can only get better for us.”

Reposted from McCombs Today