Haas NewsWire

Haas NewsWire, November 14, 2005

MFE Internship Salaries Up 22% Over Last Year

Master's in Financial Engineering

Now a month into their winter break internships, this year's Master's in Financial Engineering (MFE) students are pulling down an average monthly salary of $6,414, which tops last year's by 22%.

Ninety-seven percent of MFE students have been placed and are tackling quantitative finance projects with such companies as Goldman Sachs, Lehman Brothers, JP Morgan, Deutsche Bank, and Dow Jones. The internships last 10 to 12 weeks over the MFE winter break, from mid-October to mid-January.

Linda Kreitzman, director of the MFE Program, oversees the placement process with Account Manager Nebil Gali. They have worked to ensure a good match for each student and to bring new companies into the program. Companies hiring their first MFE interns from Haas this year include ABP Investments, BiNEXT Capital, Eldorado Asset Management, Fireman's Fund Insurance Company, and Symphony Asset Management.  

With strong demand from Wall Street investment banking firms, hedge funds, and financial services, 28 of the MFE interns are working in New York. Others will work all along the West Coast, and in London, Japan, Hong Kong, Boston, and Key Biscayne.

Andrei Ionascu, MFE 06, is interning for the Wachovia Structured Credit Products group. He provides analytics support used in pricing various structured finance instruments like Collateralized Debt Obligations (CDOs) and Asset Backed Securities (ABS) on the secondary trading desk. Ionascu calls the atmosphere "intense," and says, "I couldn't be happier with my internship experience. Given my strong interest in structured finance, this internship allows me to get hands on experience with CDOs and ABSs as well as an opportunity to explore other products."

For more information on the MFE program, visit http://mfe.haas.berkeley.edu/.

Dean Tom Campbell to Return to Haas Nov. 21

Tom Campbell will return to Haas to resume his duties as the school's dean on November 21 after a one-year leave of absence as director of finance of the State of California.

The entire Haas School community is cordially invited to attend a reception to welcome Dean Campbell back to Haas on Thursday, December 1, from 4:00 to 6:00 p.m. in the Bank of America Forum. RSVPs are not necessary. For further information please contact Carlis Crowe at 510-643-8782 or at carlis@haas.berkeley.edu.

Berkeley MBA Team Takes Second in National Real Estate Challenge

A team of four first-year and two second-year full-time Berkeley MBA students placed second in this year's National Real Estate Challenge, held at the University of Texas at Austin on November 11.

Only Harvard Business School came in ahead of the Haas team, which beat out 13 other schools, including the Stanford Graduate School of Business, University of Pennsylvania's Wharton School, and Northwestern University's Kellogg School of Management. MBA 06 students Brian Milovich and Daniel Nash and MBA 07students Geoffrey Herrick, Christopher Oka, David Saxe, and Sandy Schroedle represented Haas in the competition, hosted by the McCombs School of Business.

In the competition's four-year history, Berkeley MBA teams have won twice. Professor Dwight Jaffee, the team's faculty advisor, notes that Haas was the only team this year to have a majority of first-year students and says of the students, "They worked extremely hard and peaked at the key moment."

The Real Estate Finance Challenge is a case-based competition between teams from top business schools. Each team makes a 20-minute presentation to a panel of judges, which included experts from companies such as Goldman Sachs and Crescent Real Estate Equities. This year's case involved analysis of a recent real estate transaction consummated by Goldman Sachs' Real Estate Principal Investment Group. For more information on the National Real Estate Challenge, visit http://www.mccombs.utexas.edu/students/gres/challenge/REChallenge.asp.

Venture Capitalists Share Global Strategies at Nov. 17 Berkeley Entrepreneurs Forum

Learn how top venture capitalists are taking advantage of the global economy to create successful new ventures at "Global Venturing," a Berkeley Entrepreneurs Forum taking place Thursday, November 17, in the Arthur Andersen Auditorium.

Mark Jensen, partner and national director of Deloitte & Touche LLP, will moderate a panel discussion exploring the impact of global venturing on entrepreneurs, innovation, and the venture creation process. Panelists include: Lip-Bu Tan, chairman and founder of Walden International and a pioneer of the US venture capital concept in Asia; Kevin Scott, director of 3i in Menlo Park; and Deborah Magid, director of strategic alliances for IBM's Venture Capital Group.

The Berkeley Entrepreneurs Forum is presented by the Lester Center for Entrepreneurship & Innovation. The program begins with a networking hour from 6:30 p.m. to 7:30 p.m. featuring complimentary drinks and hors d'oeuvres. For more information or to register, visit http://entrepreneurship.berkeley.edu/nov05.asp.

Berkeley Net Impact Club Honored for Outstanding Achievements

The Berkeley MBA chapter of the Net Impact Club placed second among Chapters of the Year at the 2005 national Net Impact Conference, held November 10-13 at Stanford University.

The annual gathering attracted 1,200 graduate business students and young professionals from around the world to discuss such topics as corporate social responsibility and community development. This year's conference, titled "Bridging the Gap: Leading Social Innovation across Sectors," launched with a keynote speech by Al Gore, former vice president of the United States and chairman of Generation Investment Management.

Kellie McElhaney, executive director of the Haas School's Center for Responsible Business, served as a panel moderator for the conference. Events culminated with a farewell celebration on Saturday, November 12, at which the Berkeley Net Impact Club collected its award.

The Berkeley Net Impact club was commended for hosting 17 events in one year, including a firm night with more than 22 organizations and an alumni dinner featuring former US Secretary of Labor Robert Reich as a keynote speaker. Seth Bindernagel and Kirsten Tobey, both MBA 06 and co-presidents of the Berkeley Net Impact Club, accepted the award.

Net Impact is the second largest club at the Haas School, with over 100 members.

"We are thrilled to have won the award at the national conference," says Bindernagel. "But, we know there is still a lot more work we can do at Haas." Bindernagel says the club would like to explore such possibilities as developing a more formalized approach to recruiting for corporate social responsibility positions, inspiring more socially responsible ideas in entrepreneurship classes, and adding more socially responsible business cases to the core curriculum.

Each year the national Net Impact Conference is hosted by a different Net Impact chapter. Haas was host in 1995, the conference's second year. This year's conference was hosted by the Stanford Graduate School of Business. For more information on the Berkeley Net Impact Club, visit http://groups.haas.berkeley.edu/netimpact.

Haas Technology Club Launches Apple Technology Challenge

Fresh on the heels of the successful >play digital media conference, teams of Berkeley MBA students will continue to delve into digital media issues this month with the first-ever Apple Technology Challenge on Nov. 18, presented by the Haas Technology Club.  

The finalist teams will tackle one of the hottest issues in the consumer market today: how the iPod can maintain its dominance in the marketplace. The competition organizers collected team memberships and initial presentations on November 7 and designated finalist teams on November 11.

Apple marketing managers will serve judges at the finals. Competitors will take on the role of iPod product managers, making recommendations for maintaining or growing iPod's position in the market, and considering technology and marketing impact.

New Staff

Jackson Lassiter to Assist in Development

Jackson Lassiter joined the Haas School's Development Office as the executive assistant to Assistant Dean Larry Lollar. Lassiter most recently worked at the George Washington University Medical Center and at Georgetown University Medical Center, both in Washington, DC. Lassiter holds a BA in English from the University of Washington and is a writer in search of a writers' group.

E-mail: lassiter@haas.berkeley.edu
Phone: 510-642-1426
Office: S520

Aija Tapaninen Joins Part-time MBA Program

Aija Tapaninen joined Haas on November 1 as an admissions assistant and receptionist for the Part-time MBA Admissions Office. Tapaninen most recently worked as an administrative assistant for a Berkeley nonprofit while completing her BA in speech communications from San Francisco State. Previously she worked in her native country of Finland as a receptionist and administrative assistant for a publishing and printing company.

E-mail: aija@haas.berkeley.edu
Phone: 510-642-0292
Office: S430

Haas NewsWire Announces Publication Schedule for the Remainder of the Year

The Haas NewsWire will not be published on Monday, November 21, due to the Thanksgiving holiday. The final two issues of the Haas NewsWire for the semester will be published on November 28 and December 6. Weekly publication of the Haas NewsWire will resume at the start of spring semester, on Tuesday, January 17.

To read Haas NewsWire on the web or access the Haas NewsWire archive, visit http://www.haas.berkeley.edu/news/. To submit news and events to the Haas NewsWire, e-mail haasnews@haas.berkeley.edu.

Haas in the News

Full-time Berkeley MBA students Rich Brown, Christian Oestlien, and Richie Teo were all quoted in a Financial Times article on November 12 titled, "Plugged Into It All." The students commented on their use of various technologies to communicate and the way the use of these technologies has changed their behaviors.

Kellie McElhaney, executive director of the Center for Responsible Business and adjunct assistant professor, and Will Rosenzweig, a Haas lecturer who teaches Social Entrepreneurship, were guests on San Francisco's public radio station, KQED, on the program Forum on November 10 to discuss corporate social responsibility.

The announcement of the plans for the new shared Haas School and Boalt Hall School of Law buildings and the renovation of Memorial Stadium at last Thursday's press conference at the Haas School were covered by several news outlets:
+ "Coach Wanted Upgrades and He's Getting Them" on November 11 in the San Francisco Chronicle. For full text: http://www.sfgate.com/cgi-bin/article.cgi?f= /c/a/2005/11/11/SPG5OFMNIH1.DTL&hw=Haas+School&sn=005&sc=165.
+ "UC Unveils Plans for New Stadium, Other Developments" on November 11 in the Berkeley Daily Planet.
+ "City Leaders Wait and See on Stadium Plan" on November 11 in the San Francisco Chronicle. For full text visit: http://www.sfgate.com/cgi-bin/article.cgi?f= /c/a/2005/11/11/BAGLPFMEVD1.DTL&hw=Haas+School&sn=002&sc=266
+ " Cal Announces Stadium Renovation Plan" on November 10 in the Bay City News Service. For full text: http://www.sfgate.com/cgi-bin/article.cgi?f= /baycitynews/a/2005/11/10/calbears10.DTL&hw=Haas+School&sn=003&sc=199
+ "UC Berkeley Plan Marks 'Important Day' for Campus" on November 10 on CBS 5.
+ "Preservation Closer for a Great Stadium" on November 10 in the Oakland Tribune. For full text visit http://www.insidebayarea.com/portlet/article/html/ fragments/print_article.jsp?article=3201006
+ "Chancellor Unveils Plan for Redesigned Stadium" on November 14 in the Daily Californian. For full text visit http://www.dailycal.org/article.php?id=20405

Severin Borenstein, the E.T. Grether Professor of Business Administration and Public Policy, and Peter Sealey, adjunct professor in the Haas Marketing Group, were quoted in a Contra Costa Times article on November 5, titled "Gas Prices Give Illusion of a Bargain." For full text: http://www.contracostatimes.com/mld/cctimes/business/13089834.htm.

Kelly Liu, a Haas undergraduate student, was quoted in a San Francisco Chronicle article titled "Easing Textbook Sticker Shock" on November 4. She commented on her experiences with expensive textbooks. For full article: http://sfgate.com/cgi-bin/article.cgi?f= /c/a/2005/11/04/PNGKGFGSLO1.DTL&hw=uc+berkeley+liu&sn=001&sc=1000.

Andrew Isaacs, adjunct professor and Executive Director of the Management of Technology Program (MOT), and Henry Chesbrough, adjunct professor and Executive Director of the Center for Open Innovation, were quoted in a Silicon Valley/San Jose Business Times article titled "Engineering Makeover Seeks Image Upgrade" on November 4. They both commented on the MOT program at UC Berkeley. For full text: http://sanjose.bizjournals.com/sanjose/stories/2005/11/07/story2.html.

Jett Pihakis and Pete Johnson, co-directors of Full-time MBA Admissions, fielded questions about Haas MBA admissions in an online chat hosted by Business Week on November 3. For full transcript: http://www.businessweek.com/bschools/content/nov2005/bs2005116_4770_bs037.htm.

Happening at Haas

Monday, November 14
6.30 p.m. to 9:00 p.m.
Ming's in Palo Alto
The Venture Capital Roundtable is an annual event that introduces Haas students to a select group of venture capitalists. It allows students to get a sense of what working in the venture industry might be like. It also provides an opportunity to build contacts that may lead to internships, jobs, and funding. This event is sponsored by the Lester Center for Entrepreneurship & Innovation.
For more information, contact Vijay Raghuraman at raghuram@haas.berkeley.edu.

"Real Estate in Unreal Times"
Wednesday, November 16
8:00 a.m. to 5:00 p.m.
Westin St. Francis Hotel
The Symposium features a distinguished group of experts in real estate, finance, government, and academe, who evaluate and discuss real estate and financial markets. Many of the best business minds and most important decision-makers in the country examine how the political and economic environment will impact real estate and business today, and share their expert views on what lies ahead, providing the information and the perspective needed to have the competitive edge to prosper in our changing times.
For more information, e-mail creue@haas.berkeley.edu or visit http://groups.haas.berkeley.edu/realestate/ExecEd/symposiuminfo.asp.


"Irresponsibility in Measuring Corporate Social Responsibility" by David Levine, Haas School
Wednesday, November 16
4:00 p.m. to 5:30 p.m.
For more information, contact Deborah Houy at houy@haas.berkeley.edu.

"Information Disclosure Concerns as a Limit to Competition in Investment Banking" by Alexander Ljungqvist, New York University
Thursday, November 17
4:10 to 5:40 pm
For more information, contact June Wong at june@haas.berkeley.edu

"Do Formal Intellectual Property Rights Hinder the Free Flow of Scientific Knowledge? An Empirical Test of the Anti-Commons Hypothesis" by Scott Stern, Northwestern University and NBER
Thursday, November 17
4:10 p.m. to 6:00 p.m.
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.

Jason Riis, Princeton University
Friday, November 18
4:00 p.m. to 5:30 p.m.
For more information, contact Laura Gardner at Lgardner@haas.berkeley.edu.

Pradeep Bhardwaj, UCLA
Tuesday, November 22
4:00 p.m. to 5:30 p.m.
For more information, contact Laura Gardner at Lgardner@haas.berkeley.edu.

"Institutional Diffusion and Institutional Entrepreneurship: Strategic Organizational Action and Institutional Change" by Peter Madsen, Ph.D. Student, Haas School of Business
(Title TBA) by Nydia McGregor, Ph.D. student, Haas School of Business
Wednesday, November 23
4:00 p.m. to 5:30 p.m.
For more information, contact Deborah Houy at houy@haas.berkeley.edu.

"On Corporate Architectural Reorganization, 1993-2003" by Lihua Wang, Graduate School of Business, Columbia University
Wednesday, November 30
4:00 p.m. to 5:30 p.m.
For more information, contact Deborah Houy at houy@haas.berkeley.edu.


Panel Discussion, "Transitioning to a Career in Biotech/Healthcare from a Non-Science Background"
Tuesday, November 15
6:45 p.m. to 8:30 p.m.
Fort Mason, Building A, The Marina Room (two doors before Greens restaurant), San Francisco
The San Francisco chapter of the Haas Alumni Association invites you to this outstanding career event at Fort Mason in San Francisco. We have put together a panel of industry leaders who come from non-scientific backgrounds. They have an interest in facilitating the career transition of similar candidates and are eager to assist you by participating on this panel. Speakers and panelists include: Lisa Feldman, account manager representing biotech & healthcare for the Haas career services office; Gail Maderis, president and CEO of FivePrime; Alan M. Kittner, general partner, Invesco Private Capital; and John Hollway, VP of Business Development, Achaogen, Inc.
To register, go to www.acteva.com/go/hansf.
For more information, contact Anand Choudhuri at anandchoudhuri@hotmail.com or Tom Ryglinski at ryglinski@mba.berkeley.edu.

28th Annual Real Estate & Economics Symposium
Wednesday, November 16
8:00 a.m. to 5:00 p.m.
The St. Francis Hotel, The Grand Ballroom, 335 Powell Street, San Francisco
Haas alumni are invited to the 28th Annual Real Estate & Economics Symposium at the St. Francis Hotel in San Francisco. This conference will be a great opportunity to join your fellow alumni and contribute to the Cal presence. The Fisher Center for Real Estate and Urban Economics is proud of Haas real estate alumni and pleased to be working with BREA to fulfill mutual goals of strengthening real estate education at UC Berkeley and supporting continuing education in the real estate community. BREA members can register at the special discounted rate. Alumni who are not BREA members can obtain membership information and join by contacting Eric Cress at ericcress04@mba.berkeley.edu.
To register for the symposium, go to http://www.regonline.com/Checkin.asp?EventId=26983&RegTypeID=57133.
For more information, contact Eric Cress at ericcress04@mba.berkeley.edu.

Haas School of Business Real Estate Firm Night
Wednesday, November 16
6:00 p.m. to 9:00 p.m.
The Westin St. Francis Hotel, 335 Powell Street, San Francisco (Elizabethan Room)
Haas BREA alumni are invited to attend the Haas School of Business Real Estate Firm Night. Join us in meeting Haas School's current real estate focused students at the fall semester firm night.
To RSVP, contact brecrsvp@haas.berkeley.edu.

Annual All-MBA Soiree: Business Card Exchange
Wednesday, November 16
6:30 p.m. to 10:30 p.m.
Strata, 915 Broadway, New York
New York Alumni are invited to the annual All-MBA Soiree. The NYBSC (New York Business Schools Club) is partnering with MBA Corps' Alumni Benefits and Savings Program for this event. Take advantage of being a part of this powerful circle of people at the All-MBA Soiree. Whether you are looking for a new job, new clients, to meet up with friends or new alumni, the all MBA networking event is the place to be. This year we will be celebrating our 5th anniversary of this widely anticipated event with a Networking Business Card Exchange, a great opportunity to meet people from any of the 36 other schools that are part of the New York Business Schools Club. To register, go to http://www.acteva.com/booking.cfm?bevaid=97828. For more information, contact WCNY11229@aol.com.

Berkeley Entrepreneurs Forum, "Global Venturing"
Thursday, November 17, 2005
6:30 p.m. - 8:30 p.m.
Arthur Andersen Auditorium, Haas School of Business
Haas Alumni are invited to the UC Berkeley Entrepreneurs Forum, the topic of which will be "Global Venturing." As the world gets smaller, innovation, entrepreneurship and Venture Capital becomes more "global" with far reaching repercussions for the bay area and Berkeley. Our panel will discuss venture strategies in the global environment and how that is impacting the entrepreneur, innovation, and the venture creation process. Speakers include Lip-Bu Tan, Chairman, Walden International; Kevin Scott, Director, 3i; Deborah Magird, Director of Strategic Alliances, IBM Ventures. Program moderated by Mark Jensen, Partner and National Director, Deloitte & Touche LLP. To register, go to http://www.acteva.com/booking.cfm?bevaID=98759. For more information, contact the Lester Center at lester@haas.berkeley.edu

Haas Connection Evening
Thursday, November 17
6:30 p.m. to 9:30 p.m.
Old Ship Saloon, 298 Pacific Avenue, San Francisco
Join San Francisco alumni for a fun evening meeting and connecting with other Haas alums. For more information, contact David Gimpelevich at gimpelev@alumni.haas.org.

Wine Tasting Evening
Thursday, November 17, 2005
7:00 p.m. - 9:00 p.m.
Shikumen Bistro, XinTianDi, Shanghai
Shanghai alumni are invited to a great evening of wine tasting. Meet new alums and reconnect with old friends. For information, contact Carl van der Elst at covanderelst@gmail.com

Cal vs. Stanford Football Game Viewing Party
Saturday, November 19
4:00 p.m. to 7:00 p.m.
Mr. Pockets Sports Bar, 516 N Sepulveda Blvd, Manhattan Beach
Los Angeles alumni are invited to the Cal vs. Stanford Football Game Viewing party. Haas alumni will join the Westside Cal Alumni Club to cheer the Bears on to victory! For more information, contact David Gimpelevich at gimpelev@alumni.haas.org.

Second Annual Holiday Party & Haas Annual Fund Benefit
Thursday, December 1, 2005
6:00 p.m. - 10:00 p.m.
Gallery One Embarcadero, One Embarcadero Center, Lobby Level, Suite 1EC, San Francisco, CA 94111
San Francisco alumni are invited to the Second Annual Holiday Party & Haas Annual Fund Benefit. Mingle with fellow alumni from the Berkeley-Columbia, full-time and evening/weekend MBA, and undergraduate programs. Enjoy fine wines, admire recent works by exciting local artists, and enjoy great music. Stop by for the whole evening or on the way to your next party. A portion of your admission price will benefit the Haas Annual Fund. To register go to http://www.acteva.com/go/hansf. For more information, contact David Gimpelevich at gimpelev@alumni.haas.org.

Cross Business School Happy Hour
Tuesday, December 6
6:00 p.m. to 9:00 p.m.
Location to be determined ( Boston)
Join alums from Wharton, Sloan (MIT), INSEAD, IMD, Stanford, Stern, (NYU), Tuck (Dartmouth), SOM (Yale), London Business School, Johnson (Cornell), Fuqua (Duke), Harvard & Columbia for the monthly Cross Business Happy Hour. It is a great way to meet and mingle with alums from Haas and other business schools. For more information, contact Karen O'Brien at karen_obrien@usa.net

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