Tuesday, November 27, 2012

Reflecting on my time at IE


This week is sadly my last week at Instituto de Empresa. L With that, I thought it would be a good time to reflect on my experience here. Hope you enjoy!

--Things that were awesome—
-Living in Madrid- IE is awesome if for no other reason than the fact that it is in Madrid. My favourite city in the world. As I alluded to in previous blog posts, the weather, food, culture, etc are all so phenomenal that having Madrid as a backdrop to your MBA studies automatically makes your MBA experience pretty great.
-The Profs- Among the profs I had anyways, almost all of them teach and work in the field in which they teach (rather than just doing research). I loved this. It made the profs seem very up-to-date on best practices so learning how to use those best practices in developing business strategies I feel has really helped prepare me for success in my post-MBA career.
-REAL diversity- Every MBA school seems to talk about how much it values diversity but for most, it is just talk, with the student body being dominated by 2-3 countries or regions of the globe. At IE, diversity actually exists. My classes included south americans, north americans, Europeans, Africans, Asians and Australians with no one region dominating over the others. This was a great way to open myself up to tons of different perspectives on life and business.
-The Campus- IE has several buildings spread out across a few blocks in the neighbourhood of Madrid called Salamanca. The buildings are NICE. I mean, really, really nice. It was pretty cool studying in such cool spaces!
-Support for your own entrepreneurial venture-IE has A TON of support for people looking to start their own companies- networking with venture capitalists, support on how to build your business, etc. If you want to use your MBA to start a company, IE is probably where you should study. Given I want to be a marketing director (which is akin to managing a business), it was really helpful for me to be a part of this environment, to be better equipped for becoming a marketing director one day!

--Things that were not so awesome—
-Student life- I could go on for a LONG time about the issues this school has with promoting and facilitating a cohesive student body,  creating a more enjoyable student experience, etc but will just leave it at this. Rotman is MILES ahead of IE in this respect.
-Networking clubs- I was a member of several clubs (marketing club, north American club, etc)  and in one semester, there was ONE event (a speaker event) across all of the clubs I am a member of. Why do these clubs even exist then?

Living in Madrid was a dream come true for me. I know I will miss it here and hope I can move back one day. However, I really miss my classmates at Rotman…I am excited to see them again soon!

Wednesday, November 7, 2012

Mike gets the Andalucian Experience in Granada and Malaga


I had another long weekend here in Madrid so I wanted to use it as another tourism opportunity. Flying somewhere was out of the question and I had yet to see the Alhambra (in Granada) and my cousin had told me very good things about Granada as a city so I figured that would be a good option, especially because a bus there was only $50 return. Even better was the fact that an hour from Granada is Malaga where several of my friends live from when I went on exchange in Amsterdam as an undergrad. So we could have a mini reunion there! So off to the south of Spain I went.

Granada is famous for the Alhambra but there are some pretty cool other other things there as well:
--Student town--
Granada’s medical and dental schools are apparently very prestigious and big meaning Granada is a student town. Meaning cheap food! Fun parties! Huray!

--Los Reyes Catolicos--
The king and queen of Spain from the late 1400’s to early 1500’s, Fernando and Isabella, (known as “los reyes catolicos” or “the catholic king and queen”) are buried here. Why is this noteworthy? Well they united the various regions of spain under a common flag, began the spanish inquisition and sponsored columbus’ voyage to the new world. Pretty influential monarchs! In the church they are buried, you can see their actual tombs!! It was pretty cool to see these actual monarchs who were so influential in world history. 

--Tapas- -
When I read in my Lonely Planet guide that Granada was notable for its sizable tapas, I knew I had to see this for myself. And boy was Lonely Planet right! In very commercial establishments in Spain and elsewhere, you have to buy tapas separately and they are small plates of things like olives or tortilla española or whatever. In traditional Spanish restaurants the tapas come free with your drink, mimicking the traditional manner of serving them (which you can learn more about here
For some reason in Granada tapas are almost like small meals and the more beer/wine you order, the bigger the tapas.
Example 1:  I bought a small glass of beer for 2EUR and got a ham sandwich and fries for free!
Example 2: I was with a group of 5 people and we each got a beer for 1.80EUR. With it we got a PLATTER of burritos!! WHAT!!??? Awesome!! (and they weren't gross burritos either!)
As an MBA student I was curious to know how this could possibly be a sustainable business practice. My friend Jose from Malaga (who is a recent MBA grad) informed me it is funded through people buying lots and lots of alcohol at a time at the bars. Oh Spain…how I love it. Haha

--Moorish-themed stuff—
Because Granada was such an important part of Moorish Spain, there are muslim-themed things everywhere. The Albayzin (old Moorish quarter) feels like you are in Aladdin  or that part of Raiders of the Lost Ark when Marion is hiding in a basket while Indy is getting chased by bad guys.  It is very crowded and everyone is trying to sell you tacky carpets, Moorish tiles, hookah pipes, etc.

The Moorish influence combined with Granada being a student town means there are maybe more shawarma places per capita than in Ottawa (my hometown). So much shawarma! And so cheap and delicious!! I loved it.

--The Alhambra--
This was a fortress that began in the 900’s by the Moorish rulers of Al-Andalus (the Moorish name of Andalucia) and grew over time to become the giant fortress it ended up as. The architecture, design, etc. is awesome and is a MUST see if you visit Spain but rather than talk about stuff you can see for yourself in person or Wikipedia, I wanted to touch on a few different things I found notable:
-For a few hundred years, the Alhambra was a dump, used as barracks, a place for bums to hang out, etc. It may sound hard to believe but what helped me envision what this place looked like in the past was Assassin’s Creed II (the videogame). This may sound silly but that game takes place in early renaissance Italy where you get to see, for example, the Roman Forum being used for the same dumphole purposes. People just didn’t really care about managing and preserving classical architecture at very points in history. I guess they had bigger problems on their hands...The Alhambra was "rediscovered" in the late 1800's by American writer Washington Irving. He stayed in the Alhambra for some time and was inspired to write about it (The Tales of the Alhambra). This led to renewed interest in the fortress and it becoming the tourist destination it is today. 
-The only thing I never liked about Lonely Planet guides was that there are few pictures for each tourist attraction. So it was sometimes tricky to follow what Lonely Planet was describing because you had to rely on the book’s description and assume you were indeed looking at the correct thing the book was describing. To tour the Alhambra, you have to follow a fixed pathway through the various parts of the fortress. Lonely Planet’s descriptions of the Alhambra follow this route EXACTLY!! I was very pleasantly surprised about this and it made it a lot easier to understand what I was looking at when, in each part of the Alhambra.
-Entering the Alhambra is a big chore. You MUST buy a ticket in advance online and your ticket is only valid for a set period of time of the day. And because the Alhambra is on the top of a hill, you need to walk for a while or take a bus up there. Worth it, but different from what I am used to where you can just go and walk into whatever tourist destination you want, whenever.

So that’s the gist of Granada. Now for Malaga.

I should note a few things first: I had been to Malaga before as a tourist so didn’t need to do much touristy stuff this time and I went to Malaga this time around to visit friends, not do touristy stuff. That being said, there are some worthwhile things to note about my visit:
-If you really want to go to Malaga as a tourist and have never been, I strongly recommend going in the summer. Outside of the summer, the city is chilly and/or rainy and all of the tourist stuff there is pretty similar to Granada but better in Granada (i.e. muslim architecture, churches, etc). In the summer in Malaga you can go to the city’s beach (called Malagueta) and eat/drink on outside terraces all day and night which is super fun and fantastic and worth it, time permitting. (which you cannot do in landlocked Granada)
-Malaga has completely redone its waterfront. The redo was completed like a few months ago according to my friends. Now on the port is a long promenade of nice restaurants and stores.
-You might have read in your tourism book about “teterias” which are basically restaurants that specialize in serving tea. Because I am not really a tea guy, I never would have gone to one on my own initiative. But because I was with my Malageño amigos (that is, friends from Malaga) I followed their afternoon routine. So after a big lunch at one of the most famous restaurants in the city, “El Pimpi,” they took me to El Haren, one of the most noteable Teterias in Malaga for some post-lunch chill time. It was SO cool!! The place is a converted very, very old house. Inside it felt very bohemian. Cool scene to chill out on a rainy Sunday afternoon. The place had tons of varieties of tea, none of which taste like the “typical” stuff we are used to in North America. My friend recommended “la jamiacana” (the Jamaican) which tasted sort of like tea mixed with a warm pina colada. The perfect way to organize my stomach after our giant Spanish lunch.
While I didn’t do any “typical” touristy stuff, catching up with my friends I hadn´t seen in 6 years and spending an day like a typical Malageño was a pretty fun experience.

Good times in Andalucia!! I am pretty sad I have to go back to Canada in a month and a bit; I could really have spent more time in the south for sure. Such a cool place.

Sunday, October 28, 2012

Dear prospective employer, here is a great example of “managing ambiguity” and “overcoming challenges”


As some of you many know, 2 of my biggest passions in life are consumer electronics and athletics. So companies in those 2 spheres are at the top of my list for places I’d like to work once I finish my MBA. That is also a big reason why I chose to go on exchange in the fall rather than the spring: most of those companies do not recruit in the fall so I wouldn’t miss out on them by not being at Rotman in the fall.

However late last month I was surprised to learn that Nike- one of my target companies- was coming to Rotman in October and I wasn’t there! This is the story of my experience managing this job application process from afar. It’s a long but good story so get ready to read!!

My first challenge was twofold:
A. How do I get top of mind at Nike without physically being present?
B. How do I create a good application for the marketing job Nike was hiring for?

--Managing Part A--
One of the members of the Rotman class of 2012 interned at Nike in the summer of 2011. Given I was always interested in learning more about what it’s like to work at Nike (with the idea to maybe work there), I had spoken with her a year ago about my interest in the company. She began working full-time there after graduation and was luckily part of the recruiting process for Nike’s on-campus visit this time around. I tried connecting with her on the side, to get some additional info about the role which I might have missed in the Rotman on-campus visit. And having met her previously, gone to the same Rotman events with her, etc, it wasn’t like I was some random stranger out of the blue either. So this helped me get as top-of-mind with Nike as I could given I was in Madrid and Nike was visiting Rotman in Toronto.  

Nike also has a very specific and unique culture that involves wearing “Nike-appropriate” clothing. After discussing how to be top-of-mind with my career adviser   I decided I send over a picture of me in such clothing so that they have an idea if I look the part sufficiently for Nike- especially important given I couldn’t be gauged in-person at the recruitment event in Toronto. I don’t know if the email with a photo of me was ever seen but I was happy I sent it so that the Rotman Alum who works at Nike if necessary, could pass who “Mike Moses” physically is on to the Nike HR team even though I wasn’t physically at the Nike recruitment event at Rotman.

--Managing Part B--
I was also lucky because one of my friends interned at Nike this summer and is living in Europe this fall as well. Same time zone made things MUCH easier. So in talking to her I got a sense of what sorts of things Nike values, how to communicate to them, etc.

Of course, after writing my cover letter, I sent it over to my career centre adviser for feedback and input to ensure it all looked good.

So with that, I sent over my application. I never like to “count my chickens before they’ve hatched” though, so I decided to move on with my life once my submission was in. This meant among other things, that since we had a week off school in mid-october, I decided I’d use that time to visit Portugal for the first time.

Little did I know that TWO DAYS before I was to leave, I found out I got shortlisted for Nike!! They wanted to interview me! Except they wanted to interview me in literally the middle of my Portugal trip!! AHHHHH

Monday, October 8, 2012

Recruiting season at Instituto de Empresa


As I may have mentioned in previous blog posts, job recruiting as facilitated by Rotman basically involves companies visiting campus whenever and then you applying for jobs as they are posted on the Rotman careers website.

Here at IE it is interesting to note that the website IE uses for you to search and apply for jobs is the EXACT same one that Rotman uses. I guess good MBA schools share similar tastes in job tools.

Everything else though is a bit different. IE has 1 specific week where ALL companies that recruit at IE come to campus. Rather than each company having info sessions whenever, IE has a career fair: each company that recruits at IE has a booth on campus during 1 or several of the days of the week and you come to the booth and talk to the companies.

What I like about this approach:
-You don’t need to sit through tons and tons of info sessions where every company says “we’re the best ever! You can grow your career here like nowhere else! Everyone likes working here!” So you have more time to allocate to other things in your day :-)
-Although if you do like info sessions, some companies that recruit at IE do do them as well.
-The chances of you getting to talk to an employer one-on-one are much higher given you don’t have 100 people who just sat through an info session trying to speak to the same 3 people at the exact same time with this being the only time you will get a chance to speak to the recruiters (given they have a booth at the fair as well).
-Companies can weed out people with poor communication skills right away.
-You know you will have been exposed to all of the companies coming on campus by the end of career week so can plan accordingly (i.e. if a company you want to meet isn’t on the career fair guest list, you can plan appropriately to meet them separately).

What I don’t like about this approach:
-Talking to a recruiter in one company while the recruiters from every other company can see you is kind of awkward. Like say you weren’t as articulate or polished as you would have liked with company A. Company B’s recruiters can see this in plain sight. So when you go visit company B’s recruiters they may already be biased against you.
-The recruiters are at the career fair all day. If you meet the recruiters at the end of the day they might be totally wiped and uninterested in talking to people anymore, thus reducing your chances to connect well with them.
-If you can’t be at IE that week for whatever reason, you’re screwed (unless you take the initiative to find a way to meet the companies you are interested in a different way).

Anyways, after getting exposed to the corporate world from the North American point of view at Rotman, it was also pretty cool seeing things from the European side here at IE. It is interesting to note that apparently MBAs are in relatively high demand in Spain despite the employment crisis. Like, my IE classmates have been telling me they have had no problems getting interviews/job offers thus far. Interesting…Another reason why an MBA is valuable ;-)

Saturday, September 29, 2012

Random Observations About Things in Madrid


Now that I have been here for just over a month, I’ve gotten a pretty good sense of the city, the country, etc. So I thought I’d share some interesting things that I’ve learned:
·         Despite the economic crisis, apparently MBAs are very much still in demand from employers. My classmates looking to work in spain or the EU generally, have had no issues getting job interviews or employment offers.
·         Given what I am used to in Canada (and from my summer in London, UK), coming to Madrid, everything seemed incredibly cheap by my standards. So I thought working here would be pretty awesome, thinking the cost of living would be lower. However, I learned that most conglomerates don’t pay very well. So madrileños purchasing power parity (yeah that’s right, I just said “purchasing power parity.” This IS an MBA blog after all!) ends up being about the same as residents of Toronto.
·         Because of the above, most middle-class madrileños live in the suburbs. I learned though that in spanish, the word “suburbio” (the literal translation) has a negative connotation. Think the suburban immigrant slums outside of Paris. To talk about a “normal” suburb, it’s just your “barrio,” meaning neighbourhood.
·         As you may know, contemporary Spaniards are a very secular and liberal bunch. Across Catholic and Jewish (not sure about muslim) people- especially those my age or younger- it is catholic or Jewish in family background only. “Madrid culture” supersedes religion by a landslide. So for example, a Jewish Madrileño and Christian madrileño are probably more similar to each other than a Christian Madrileño and a Christian Canadian.
·         In Madrid, when it rains, it pours, literally. It was sunny with more or less clear skies every single day since I arrived (so about 35 days in a row). Yesterday we got our 1st rain. 24 hours non-stop POURING. Today it is cloudy and all next week, back to sun. What a city…

This coming week is “career week” for the IE student community. I am excited to see what IE has in store for us! I’ll tell you guys about in in my next post!


Saturday, September 22, 2012

Jewish New Year in a 600-year old synagogue


Toledo (the original one; not the one in Ohio) is about 40 mins from Madrid. It was also jewish new year and given Toledo’s jewish history, I figured it was an appropriate day to go visit with a free afternoon I had.

Prior to the Spanish inquisition, jews, muslims and Christians all lived here peacefully which was a pretty big deal in the 1300’s. As a result, the architecture in the city is a mix reflecting each culture’s styles. While the Islamic legacy lives on in the form of architectural style, everything else muslim has been wiped out from the city more or less, except for a few of the mosques which have been preserved and are now museums. However, the jewish quarter has remained intact which was of particular interest for me given I am jewish. Toledo really likes showing off its jewish heritage…The jewish quarter is plastered everywhere with stuff showcasing jewish culture, explaining the history of the jews there, etc. The main synagogue of the city (sinagoga del transito) is now a museum that does a very, very in-depth treatment on the history of the jews not just in Toledo but in Spain in general. If you like reading a lot in museum exhibits, this will be just the thing for you! Also, according to Lonely Planet it cost 2.50EUR to get into the museum. But with my IE student card I got in for free! SCORE!

The cathedral of Toledo is also pretty awesome. Mind you, I’ve seen a lot of churches with pretty fantastic architecture so this one wasn’t any more amazing than those of Italy or whatever, but still cool to see nonetheless.

Something else Toledo is famous for is its marzipan (or “mazapan” in spanish) so I obviously had to try some. SOOOOOOO good!! Super delicious dessert!! I was a fan.

The city walls of Toledo have been kept intact from the old days although the city has obviously expanded outside of the walls. Nonetheless, I can understand why Toledo is considered a UNESCO Heritage site. Inside the city walls it felt like I was in the 1600s. Everything there is so old (and well-preserved), from the tiny, winding streets to the architecture that remains intact. However, to take me out of the sense that I was in the 1600s were the throngs and throngs of tourists. Honestly it felt like no one lived in Toledo; that the town was only “populated” by tourists passing through. But whatever; for a short and cheap bus trip out of Madrid, this was definitely a worthwhile visit!!

Sunday, September 16, 2012

Life on exchange at IE Business School


Me in Spain isn’t all just fun times; I AM here for school after all! I am studying at Instituto de Empresa (loosely translated as “Business Institute”). According to the rankings in Financial Times, Business Week, etc. it is one of the best MBA schools in the world so I was pretty excited for the opportunity to be in it.

The student body here is similar to that of our exchange group in that it is a very, very diverse group of people. Like with the exchange group, no one region of the world dominates the student population. In fact, even though this is a school in Madrid, maybe only like 10% of the class is actually spanish!

Something else I found pretty interesting was the IE curriculum. It is almost the exact same as ours at Rotman! In 1st year they learned basically the same stuff we did, were subjected to the same ridiculous quantity of work, etc. I guess that is a testament to both IE and Rotman’s calibre of MBA schools (although why Rotman is ranked so differently than IE in global MBA rankings is beyond me…).

Also, IE’s careers/networking portal is the exact same tool that we use in Rotman. Good MBA schools clearly think alike…

At Rotman our class schedule ran like clockwork in that the class schedule was the same every week for the length of the quarter (as you may remember from my earlier posts, the Rotman first year was split into quarters, not semesters). At IE, the class schedule is super random. I might have a specific class 3 days in a row and then not again for like a week. Or one day I might have a class for 3 hours and then the next day, only for 1.5. It was a bit weird but once I got my schedule on my iphone, I could follow what was going to be happening when so I am pretty fine with it now. (especially because it also results in me having long weekends several times a month!).

Finally, it’s pretty cool to be learning from the profs I have. The profs at IE are obviously experts in their fields as would be expected in any solid MBA program but my profs this term teach but also work in the fields they teach. In fact, my Emerging Media class is taught by a guy who manages and marketing agency and created one of the most successful iphone apps ever (here: http://www.mobilecommercedaily.com/2010/07/02/ikea-takes-its-product-catalog-mobile-with-augmented-reality-app).

So that life here at IE!