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Professional MBA

Have not been posting for almost a month. Now I am kind of have been missing blogging and ready to post some updates. The two main reasons for my extended silence are the preparation for the professional certification exam that I took in two weeks after the end of the summer module, and the family vacation trip to Barbados. I hope I will have motivation and energy to put some posts with pictures and videos or may be a separate website dedicated to this vacation, as it was really quite interesting and a lot of fun to share.

But first I need to put closure to my first year of part-time MBA program at GWU. As I was writing in my last post in June  I was not expecting any surprises with the grades, but I actually was nicely surprised. Based on my grades for intermediate assignments throughout both classes I had in the module I was expecting an A in Business and Public Policy, but the Nature of Markets was a bit murkier. Nevertheless I got A’s in both classes!  For the first time in my MBA terms I became a straight A student ;-) . Admittedly, I had only two classes in the term, and they both were not quantitative courses. But still it feels really nice. So I got my closure for the first year.


Now that I had my vacation I almost feel like I would be ready to continue with the MBA classes right away. But there are no classes I could sign up for right now. So I have another month to chill out. I am planning to use this time to do some reading to prepare for the fall term and just to read some of the books I had to put on hold during the year, my personal MBA summer reading list: Superfreakonomics by Levitt and Dubner, The Tipping Point by Gladwell, and surprise-surprise! – Basic Statistics: Tales of Distributions (with CD-ROM) by Spatz.

Even though I got my B and B+ in two statistics courses during the first year, I know I need to get a better grasp of the subject and solidify everything I learned in a hurry. I stumbled upon this book while looking for an easier introduction to statistics. I wrote about this briefly in my April 5 post . Eventually I found Basic Statistics: Tales of Distributions (with CD-ROM)
and I really look forward to pouring over it in the next month. I will write a more detailed review once I finish it. But from other reviews on Amazon.com and my reading through the first 30 or so pages, I can tell that this is the must book for all of us who have stats anxiety. If you are preparing for MBA stats classes in advance or even take them at the time you read this post, I recommend to grab this book and start reading it ASAP. Statistics is not an easy subject for most students, but this book will make your experience with the stats as painless as humanly possible. I bought the eighth edition of this book used from Amazon for some really funny money, about $6. For the purists, like I used to be, but not anymore, there is the tenth editionn of Basic Statistics: Tales of Distributions available new between  $129-150 on Amazon.com.

Enough blogging for the day. Hopeful to continue posting regularly in the time before the second year of my MBA studies starts.

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I know, I know, I already reported it once, almost two months ago, that my first year of part-time MBA was over. But it was according to the business school’s schedule, not my personal. If I did not take take classes in the first summer term module, then it would indeed be the end.

But now I can honestly say to myself that the first year of MBA is finished. For some reason I don’t feel the same level of exaltation that I had back at the end of the Spring Term, just a deep sense of relief and calm serenity ;-) It works for me.


I am still waiting for my grades in both classes I had. In Business and Public Policy we had our final paper and in-class group presentation on Tuesday last week. Yesterday I submitted my take home exam in Nature of Markets. I don’t expect any surprises with grading, so I can mostly take my thoughts of the school for now and engage myself into other, no less pleasant, things in life: going to the pool with the kids, hiking on weekends, preparing for a vacation trip, read for pleasure, etc. And the beauty of it all is that I have 2 (TWO) FULL MONTHS of SUMMER BREAK. That’s a big luxury. I really feel for some of my classmate who opted for both Summer Term modules. That would be too much for me. My summer break is much-needed and well-deserved, and I am taking it!

There is still another test for my professional certification that I need to take in less than two weeks from now, but that really does not bother me too much. You always can re-take it without negative impact on your graduate GPA for the rest of your life :-) . So I will take it easy.

I hope I will not disappear from this blog for the rest of the summer, but I am not making any specific promises. I have a lot of stuff I would like to put on the blog, but I don’t want to strain myself either. On the other hand, now that I don’t have homework and required readings, maybe I will fill this time with updating the blog. We’ll see how it goes, stay tuned! Have a great summer!

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Have not been able to post lately due to the overwhelming amount of work in business school. As much as I prefer qualititative over the quantitative classes, in terms of time it is not really easier. In quants it takes me a lot of time to comprehend the concepts and their application. In qualititative classes it takes no less time to do research and write papers. I have a tendency to get caught up in research to make sure I cover all the bases in a comprehensive way. Sometimes I spend hours in research to write just one paragraph. So staying up till wee hours of the morning has been way too common occasion for me in the last three weeks.


I mentioned before that this summer term both classes I have are non-quants: Business and Public Policy and Nature of Markets, aka Introduction to Marketing. In both classes we have to do case studies. All marketing cases are group assignments, and we have to crank out a case a week. There is some levereging in that, because we have divvied up the cases within the group, but still we have one final case to not just write a paper, but also do a class presentation.

In Business and Public Policy I wrote two cases so far and there is one final group project. I got maximum possible points on the first one about PR crisis in Toyota recalls. The second one was done in a more hop scotch manner,  so I am waiting to see by how much I missed the mark. Our group project and presentation is shaping up quite nicely so far, so I hope it will give us above average grade overall.

This Saturday I have a “chain-group-meating” in the afternoon. First for marketing, then piggy backed on it – for Public Policy. It’s going to be at least five hours total. I am not sure if I am more concerned about “brain freeze” or “brain meltdown” as a result of that. :-)

The only consolation is that it is going to be over next week. After final presentations we will still have a take-home exam in marketing. But next weekend it is going to be done at any rate. Can’t wait for a summer break and vacation. GWU School of Business is offering two summer modules, but I opted to have a little break and take vacation instead of the second module. I will have total 18 credits by the end of this module, so I am pretty much on schedule with the program. To make up fot this little summer lull I have already registered for 9, instead of my usual 7.5 credits in Fall term. But it’s is to early to fret about that yet.

I will update my status with the Summer term once I am done with it. For now, back to studies.

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Nature of Markets – Introduction to Marketing

May 20, 2010

Tonight I had my second class that I am taking in this Summer Term at part-time MBA program at GWSB. I have been looking forward to this course and it seems that my high expectations will be met in this class. I have long been interested in marketing and I really expect to learn a [...]

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Human Capital Management – Efficiency and Monetary Motivation

May 7, 2010

In our Human Capital Management class professor showed us a great video from TED.com featuring Dan Pink’s presentation on relationship between different motivational factors  and human creativity and efficiency in solving problems.  Needless to say, Dan Pink is a very entertaining speaker. I enjoyed his talking very much. But even more fascinating for me was the [...]

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MBA Exam Human Capital Management – Mimicking Law School

May 4, 2010

A week ago on Wednesday I encountered a somewhat new format for the final exam in my MBA pursuit. Usually, if it was not multiple choice, the exams  had a requirement to write a short answer.  If it was  a longer narrative required, then it was usually done through the final research paper or a case write up done [...]

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Entrepreneur Interview – Lessons for MBA Student

April 25, 2010

One of our assignments in Entrepreneurship class at GWSB MBA program was to conduct an interview with an entrepreneur of our choice. This was an individual project, so we had to find a worthy candidate on our own and to interview him/her. To make it easier, we were even given a set of questions which could be [...]

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Lessons from Elevator Pitch Presentations

April 23, 2010

I already had a post about the making of the Elevator Pitch by our team in Entrepreneurship class. But I wanted to give a bit broader review of that particular class and talk in general terms about the cases that were presented by various groups. I really found that exercise quite stimulating. It also provided the opportunity [...]

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Human Capital Management – Indirect Compensation Gone Wild

April 21, 2010

In one of our classes on Human Capital Management we were discussing employees’ compensation. Obviously, among other things we were touching on all hot topics related to the issue: executive compensation, fair pay, incentives, indirect compensation, etc. Our professor gave us an in-class exercise: we had to get into four groups and come up with as [...]

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Data Analysis Mid-Term Exam

April 5, 2010

Nothing too exciting happenned at the exam. The format was open book, open notes. Needless to say that even with this format I felt a brain-freeze, as oftentimes the case in my quantitative classes. Will see how I fared on the forced grading curve. The stuff covered in the exam was all the material we have [...]

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Human Capital Management Case Study

March 31, 2010

Have not had enough time to post lately as I have been doing a lot or writing for my classes. I finished and submitted to the group my part of the research on the Nordstrom: Dissension in the Ranks case for Human Capital Management class. So far, my write up is the first for our group.  [...]

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Group Projects in MBA Learning Experience

March 27, 2010

If you followed this blog for a bit, you might have noticed that I have been participating in group projects in some of my classes since the beginning of  my part-time MBA program. So far, I have co-authored two group research papers (Business Ethics and Global Perspectives) and have been doing group assignments in Managerial Accounting [...]

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Creative Entrepreneurship in MBA Program

March 23, 2010

There was another blast class in Entrepreneurship this week. From the two first classes it seems that the main purpose of our instructor in this class is to evoke our creativity and show us how indispensable it is for those of us who aspire to venture on our own or join a start-up after getting [...]

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Spring Term Module 1 Grades In

March 22, 2010

On Monday I finally got my grades for Global Perspectives. The Managerial Accounting grade came within a couple of days after the final exam. I waited to get both grades before posting on that. Both grades came as a surprise to me: a pleasant one and somewhat disappointing, even though I got straight B’s in both classes. [...]

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Laptops Banned from Universities Classrooms

March 14, 2010

Don’t panic, they are not outlawed yet. But the trend is there. In my MBA experience at GWU School of Business I have encountered different policies by different professors on the use of laptops in the classroom. There were two classes (Financial Accounting-1, Judgement and Uncertainty) where the use of the laptop was highly desirable, even though not [...]

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Entrepreneur Is a Verb – Unorthodox MBA Notion

March 9, 2010
Two Dice

Tuesday class in Entrepreneurship was a blast. Professor has been teaching it since mid-seventies, so he can afford to be unorthodox. There were quite a few ideas he introduced in the class that would probably not fly if he was a younger member of the faculty. But this is a charm of having a seasoned educator, [...]

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Celebrating End of First Module of Spring Term at GWSB Professional MBA

March 7, 2010

It just happenned that way that both our kids had sleepover arrangements out of house on Saturday night. Not a very common occasion in our family. So I decided to make some fringe benefits from this coincidence: to have a night out with my wife. Regular a la carte menu for such occasions for us (not that we [...]

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Global Perspectives Final Exam – Done

March 6, 2010

Yesterday I had my last final exam in module one of the Spring Term at GWSB – Global Perspectives. Overall exam was not very difficult, especially given its open book, notes, internet access format. There was only one question I somehow had missed during the course regarding “foreignness liability”. Thanks to internet access I was [...]

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Managerial Accounting Final Exam-Done!

March 4, 2010

I had a major blunder with my final on Managerial Accounting. I knew in advance that the case for exam will be posted on Blackboard a day before. But with all this cramming for the exam proper it absolutely evaded my mind. It was like a blind spot. I felt pretty good before the final [...]

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Managerial Accounting Study Group – Prepping for Final Exam

February 27, 2010

Today we had our study group to review and discuss example exam for Managerial Accounting. We were in the meeting for almost 4 hours. First we went very briefly over all the cases we had prepared during the course. This review was very cursory, just to highlight the underlying concepts. We did not delve into actual [...]

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Managerial Accounting Final Exam Cramming

February 26, 2010
man in anxiety

Today I looked for the first time at the example final exam in the course pack. It really got me anxious. I got the same “numbers anxiety” I had before both of my Financial Accounting exams in the Fall term. All the concepts that are covered in the exam are pretty much familiar and related [...]

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GWSB MBA Spring Term Module 1 Classes Are Over

February 25, 2010

Today was the last day of classes in the first module of the Spring Term for me. Next week we have finals. For me it is Global Perspectives and Managerial Accounting. I have a false sense of confidence about Global Perspectives, mainly because it’s an open notes, books, everything exam. As for Managerial Accounting – [...]

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Part-time MBA Students Horror Stories at GWSB

February 24, 2010

Today after the Global Perspectives class I saw in the hallway three of my groupmates who I work with on the Political Risk Analysis paper. From a distance I noticed they had quite an involved conversation. Naturally, I assumed they were discussing our paper, so I joined them. Turned out they were not concerned with [...]

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MBA Hiring Improving, Even if Slightly

February 22, 2010

Being on the student’s bench does not insulate MBA candidates from the reality of the job market. As a matter of fact, they may feel it more than many other graduate students, because the job search is an integral part of the “total MBA experience”. According to many accounts I read on internet, more than [...]

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GMAT Test Anniversary – Second Take

February 14, 2010

With all this snow days and hype I almost forgot about one year anniversary of my second attempt on GMAT in preparation for the part-time MBA program. It actually was on February 7-th. In my post about the first taking of the GMAT I already mentioned that the score of 550 that I got that time would [...]

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Moral Hazard in Managerial Accounting

February 4, 2010

Today in class when we were working the case, professor introduced the problem of ‘Moral Hazard’ in Managerial Accounting. To better explain the idea of moral hazard professor brought up an example of rental cars. First he mentioned quite common stuff: people often do not care much about rental cars and drive them rather negligently, if [...]

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Open Book Exams at GWSB part-time MBA

February 3, 2010

Today I read an article about technical means of fighting hi-tech and low-tech cheats at exams in universities. One of the conclusions of the author was to allow wider use of open book/open notes exams. This article evoked some of my personal thoughts on the subject. At the time and place where I was doing my undegraduate degree the very [...]

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Political Climate for FDI in Russia-Risk Analysis Study

January 31, 2010

I feel like a squeezed lemon: exhausted and despondent. The whole weekend I have been working on my part 0f the group research paper on FDI in Russia. I had to cover Political Climate section of our Risk Analysis study. Last weekend I digged out tons of material on the internet on the topic. This week [...]

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Part-time MBA Workload and Homework Satisfaction

January 26, 2010

This week I am feeling quite satisfied with my preparation for classes. This is actually first time in this Spring module that I was able to study and work through most of the material assigned to homework. The keyword here is most. The important part of the MBA experience is to work under pressure and prioritize. [...]

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Managerial Accounting Study Group Meeting

January 25, 2010

Our study group in Managerial Accounting had a meeting on campus tonight. There were four of us in the meeting in person, and one group member joined us for the part of the meeting over the phone, as he was out of town on business. In this group there were modest aspirations in terms of [...]

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Global Perspectives – FDI in Russia

January 24, 2010

Spent all day today digging up the material for my group research paper on FDI in Russia. There is a lot of information available on the internet, arguably of various levels of credebility. Seems that our preliminary assessment of the situation, i.e. advise the company against doing any business in Russia through FDI, was on [...]

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Managerial Accounting and Grizzly Dessert

January 22, 2010

Grizzlies are known to like to eat marmots. In spring when grizzlies come out of hibernation they spend unproportionate amount of energy and time hunting those small squirrel-like animals from under the stones. The scientist were puzzled by this fact, because according to their estimated calculations the energy spent on hunting the marmots was much more than [...]

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Spring Term Part-time MBA at GWU – Week 2

January 21, 2010

Finished the second week of classes in my first module of Spring Term. The intensity is picking up just a little bit, but so far very manageable. It’s probably going to change this weekend when I will have work on two major projects: I am planning to work on my section for Risk Analysis Group Paper [...]

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Global Perspectives Risk Analysis Paper

January 19, 2010

On Tuesday we had a group meeting to discuss the general approach and outline for our course group paper in Global Perspectives class. It was suggested to meet at one of the bar lounges on the campus, so our almost 2-hour meeting was over pizza and beer. Very inducive environment for discussing any business issues, including [...]

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Managerial Accounting Course Pack

January 16, 2010

One of the books required in Managerial Accounting is the Course Pack that has been compiled by the professor himself. This is the first time I have the course pack required in my MBA program classes. That’s why I had a little surprise with it. The course packs are apparently compiled/authored by a professor(s) in the university [...]

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