Andre Koo Technology and Entrepreneurship MBA

In this blog I hope to give you a little insight in what it is like to be in the Stern Tech MBA by providing an overview of my recent week in the program during October 2019.

Monday

The week started with one of my electives, Foundations of Entrepreneurship. We discussed the advantages and disadvantages of venture capital funding and what considerations to make before reaching out to VC’s. Then we had our Data class where we discussed the different ways of doing data analysis, by Python or SQL.

I held early afternoon held office hours at the Berkeley Innovation Lab (one of my on-campus jobs) where I provide advice to the teams participating in the NYU Stern 300K Entrepreneurs Challenge. This is one of my favorite activities, and I provided the teams some UX research advice which is part of the next challenge.

I ended the day with giving a tour of the school and answering questions of prospective students for the Admissions office (my other on-campus job). There were some really enthusiastic students that are going to apply for next year’s class. A good start to the week!

Tuesday

In the morning I had an interview with a recruiter. Unfortunately, the role was very different from what I expected and am looking for, so I decided not to continue, but it was good to find this out early. In the afternoon, there was an on-campus career fair where I met with the recruiters of some large and small tech companies which was useful as I added some new companies to my “interesting potential employers for after graduation” list.

At the end of the day, I had a ‘Networking’ class, which is super interesting. We discussed in technical detail how the internet really works, and the professor has a talent for explaining very technical concepts in a way that we all understand.

Wednesday

In the early afternoon I did an ‘Introduction to Python’ course organized by the NYU library to increase my Python skills a little bit. I did not have any coding experience before coming to Stern, and my advice to prospective students is to do some self-study before you start at Stern so that you can hit the ground running.

Afterwards, I met with my group for our ‘Technology Solutions’ class, where we do a semester long project for a company. Our company Nestio, is a real estate software start-up and my group met to discuss what to present to them in the next meeting.

In the evening I attended a corporate presentation from a large Tech firm, which was helpful and also fun as there were Stern alums talking about their journey from Stern MBA to their current position.

The day ended late with drinks and food with the European Business Society, a Stern Club for European students and anyone interested in Europe.

Thursday

In the morning, I had my other elective, ‘Collaboration, Conflict and Negotiation’, which is one of the courses that I will use most in the rest of my career. We practice negotiation techniques and styles by doing live negotiations in class. In the afternoon, we had our ‘Tech Solutions’ class which is a combination of the project I described prior as well as cases and guest speakers. During class we discussed a case about LinkedIn and how it built its corporate culture  (very inspiring!)

In the evening we had our Tech Product Management course from a really good professor who currently still works as a Product Manager for a technology company. He lectures on all responsibilities of a Tech PM and at the same time we apply what we have learned in a new tech product of our choosing. We all gratefully soak in the knowledge.

Friday

Thank goodness for Friday! On Fridays there are no classes at Stern. It was a very good but also exhausting week. In the morning I participated in a yoga class for charity organized by one of my classmates. This was some very welcome relaxation. Afterwards I had the meeting with Nestio, where my group and I discussed next steps for the semester long project.

In the afternoon I had a Google Hangout meeting with an alum who had a very similar background to me, coming from consulting and now working as a Product Manager at Google. It was great to hear from him about how Stern helped him make this switch and more about his day-to-day job activities. The great thing about Stern is that you not only have a great network of more than 800 students on campus, but also the whole alumni network who are more than happy to meet with you when you reach out to them.

All in all, a good week, and I will spend the weekend preparing for the classes and assignments for next week and doing some sports. Good to know for prospective students about the new 1-year MBA, is that it really is a 7-day a week commitment, but one that is extremely rewarding!

One of the biggest advantages of pursuing an MBA in New York City is to get the opportunity to attend events and meet industry professionals from a variety of fields. One of the technology entrepreneurship events that I attended was a cross between a TED Talk and an open mic night. The event provided an excellent networking opportunity within NYC healthcare tech industry, differing opinions about tech in healthcare from the two featured speakers, and the chance to learn from the audience members. I was drawn to this event because speakers were encouraged to share learnings from their entrepreneurial journey rather than pitching about their company.

Go early to events.

I arrived about 30 mins early and interacted with the CEO of the company that organized the event. I learned that the company hosts such events every quarter where they attract health-tech entrepreneurs. I met an MBA student who also works as a Pharmacist.  He shared that pharmacies use machine learning tools to predict and fill prescriptions in the pharmacy. I also met with a founder of a health tech marketing organization who works with other healthcare companies to market their products.

After initial networking conversations, it was time to hear from the two featured speakers. The first speaker kicked off the session and focused on the importance of new tech advances to provide health care using online platforms. This contrasted with the second speaker who did not fully embrace the importance of tech in healthcare and instead highlighted that best healthcare means providing better care and not the tech tools that aid in providing that care.

During early stages of a new product idea, surround yourself with optimistic people.

Some of the learnings from this talk were – it is difficult to find and convince a co-founder to team up with, rally people around your idea especially in the early days. Your idea won’t be stolen so start socializing it now! He also emphasized that ideas are fragile at the start, so it is better to surround yourself with optimistic people first; make your idea look real by creating wireframes even if you don’t have a real product yet; use that as your Minimal Viable Product (MVP) and this will make your idea look real. Additionally, it will trick others and yourself into believing it. He further noted that even if you’re launching in a few months, start signing up people early and start putting thoughts into writing to help streamline your thought process. He shared that the MVP for his company was just 3 slides with rendered website images to make it look real. His key takeaway was your idea should have a big finish and easy start while making your idea appeal to diverse stakeholders such as in engineering, marketing, and finance, because, then more people would have fine-tuned the idea using their professional expertise.

Listen and appreciate differing viewpoints.

The second speaker was a physician and a founder of a modern sports medicine clinic. Throughout the talk, he strongly emphasized that in the healthcare industry clinical care and customer experience are more relevant than the technology behind it. During his talk, I also learned about new Apple medical record API. He equated learning about machine learning and AI in healthcare to learning about rocket science by villagers – which in his opinion is not that useful. I did not completely agree with his opinion, but I appreciated listening to his viewpoint. It was good to hear a different perspective which was not in line with every other opinion I hear around me.

After the two featured speakers, there was an open mic session where audience members could share their entrepreneurial learnings.

In conclusion, I really enjoyed this event especially meeting and hearing from the entrepreneurs in the healthcare industry. Differing opinions about the use of tech by two featured speakers made the event really stand out for me. It also gave me the opportunity to learn about a completely different industry.

Fall is the official kickoff of the recruiting season for MBA2s and us focused MBAs in the TechMBA program. You will constantly bump into fellow Sternies in the Kauffman center who are dressed up in formal attire attending various events put up by the Office of Career Development (OCD): corporate presentations, career fair, coffee chats, workshops and campus interviews. At this point in the fall semester, we have been focusing on events that help us get to know the potential employers and build a good relationship with them. These are great opportunities to talk to as many companies as possible and learn what they actually do which might be very different from what you thought they do. Through these events, I confirmed my interest in some companies, crossed some companies off of my target list, and added many companies that I never knew I would be excited about.

As I am getting started with job applications and interviews now, I am greatly thankful for all the preparation work we did over the summer, mainly through OCD’s IGNITE program. IGNITE is a series of workshops and online modules designed to build job searching skills such as resume writing, networking, developing pitches, building a LinkedIn profile and interviewing. As one of my classmates put it: “I always dreaded attending the IGNITE workshops but I walked away from each one learning so much!” These workshops usually start with a short presentation going over the background and techniques in the relevant topic followed by an interactive practice session. The round-table practices provide an intimate and safe environment for us to practice our communication skills and provide real-time constructive feedback from classmates and career coaches. Through hearing our classmate’s responses and stories it not only helps us in building a strong bond but also provides additional thoughts for us to consider on our own career development.

Another important component of the recruiting preparation is the individual coaching sessions with an OCD career coach. These are 30-minutes sessions dedicated to a specific topic we want to talk about related to the recruiting process, including resume feedback, cover letter feedback, pitch refinement, career goals and personal strength review, job search strategy etc. All the career coaches at OCD are knowledgeable, passionate and personable. If you are more comfortable in a one-on-one setting and want to seek more personalized feedback, definitely take advantage of these coaching appointments!

Lastly, every alumni and career coach I have talked to emphasized the importance of networking in the process of job searching or career development in general. I have heard repeatedly ‘use your student card and ask for coffee chats. You will be surprised how many people will respond to your request. It might seem a bit intimidating at the beginning, but sometimes you just have to try it and the response I’ve got so far is overwhelmingly positive. To search for potential networking candidates, I have asked for help from OCD career coaches, utilized LinkedIn alumni functionality, and cold-contacted people I have met through industry events I attended. You will be surprised how willing people are to help and to share their stories!

We returned to campus after a two-week break and it’s clear that Stern has a renewed sense of energy. Over the summer, the students on campus were limited to the one-year focused MBAs, which consisted of my Tech MBA colleagues and the Fashion and Luxury MBA cohort. While we spent most days in class or doing homework, we became close with the other focused program students and managed to fit in plenty of socializing between courses. As the fall rolled around, the campus began bustling. However, it’s cooling down outside and commuting in the city is much more enjoyable.

Our first day back on campus was met with an influx of second-year MBA students returning from their internships, first-year  MBA students part of the traditional 2 year program, part-time students from the Langone program, and even some lingering undergraduates who found themselves roaming the halls of the MBA classrooms. While it may be slightly harder to find a quiet study spot in the student lounges, the combined energy of all of the students on campus together truly captures the experience of an MBA. During our first week, club kickoff meetings and social events started immediately, along with corporate recruiting.

Over the summer I applied to be a VP of the Stern Technology Association, a professional club with a focus on technology. The club helps students with or without tech backgrounds learn about the benefits of having an MBA in the tech world and offers several unique immersion treks and recruitment opportunities for all of its members. I was interviewed by the current club leaders and am now the proud Co-VP of Academics and Collaboration along with another student from the Tech MBA program. In addition to the club’s scheduled programming, we are focusing on integrating the Tech MBA students with the rest of the club to share knowledge on interviews, casing, and general preparation for recruiting. The diverse backgrounds of both Tech MBA students combined with the traditional MBA students allow for a unique blend of knowledge that everyone can learn from.

Speaking of recruiting, I’ve been attending my first corporate presentations hosted by the Office of Career Development, or OCD, as you may hear it called around campus. Companies spend about an hour introducing themselves speaking about their culture, working styles, and development opportunities available to MBA students. Following the presentations, the events are typically opened up for casual networking to learn more about specific opportunities or your own compatibility with the firm. If you are interested, be aware that the application deadlines come quickly, and then interview invitations are sent out. Traditional industries such as finance and consulting typically recruit in the fall semester, while tech-oriented jobs wait until spring to come on campus.

While the summer was spent focusing on academics without the distractions of clubs and recruiting, networking with the additional students has been another way to learn about what career paths are available to us. They are also receptive and friendly to the one-year focused MBA students and are happy to see the specialized programs in place. There are new opportunities for the entire academic community to come together and be a part of a more inclusive, diverse network at Stern and even more to do.

As part of our summer curriculum, we have the NYC Tech Immersion class, which is a blend of guest lectures, company visits and Stern solution group project. “What does this have to do with the title of this blog?”, you might have asked. Well, Marcus and the trading game were my favorite sessions during our visit to Goldman Sachs in Jersey City on Friday August 3^rd as part of our class.

Before the visit I didn’t quite know what to expect besides the fact that GS is in the finance industry and that this was going to be one of the longer company visits (4 hours). Our afternoon started with a welcome note from Andrew Trout, the managing director of Human Capital Management, giving an overview of engineering at GS: 25% of the total global workforce and the mantra “challenge the status quo”. Then Sinead Strain from the FICC technology team talked to us about Marquee – the digital storefront for Goldman’s security division, and all the valuable lessons learned through the process of building Marquee, such as figuring out the proper business model, understanding the user persona and focusing on KPIs while creating the product.

Next we had Regina Lerit from the digital finance technology team talking to us about Marcus – their consumer banking product launched just a few years ago. Regina shared the growth story of Marcus with us, from the initial customer research, to the ideation and development of its MVP – personal loan platform, to its growth strategy. She even quizzed us about the name ‘Marcus’ and explained why this name was chosen. My favorite part of Regina’s presentation though, was how she explained the traditional waterfall vs. the agile framework of project development. She used our classmates sitting at a table as an example of multiple participants on the team and described the workflow of how they would improve the design of a water bottle had they been using waterfall vs agile methodology. The explanation was very clear and easily relatable. I think I am going to use the same way to explain the two frameworks in the future.

By this time, our class started to be a bit tired from all the presentations on a Friday afternoon: just in time for some highly interactive and fun activity – the trading game. Facilitated by two young and brilliant traders at GS, each group sitting at the table got to collectively decide the asset allocation among 4 stocks, the position we want to take (long vs short) and the opportunity to re-balance the allocation each quarter based on the macro-economic news and firm-specific news given in the simulated game. This got us all ignited and we even got to name our own team. From Fine-Ants, to Goldman Stacks, we got very creative. We had to discuss, calculate and decide how much we wanted to invest in each stock. We love to talk and our recent accounting and finance classes prepped us well. We had a lot of heated discussion on what the economic news meant, whether we should go long or short a company and how much to invest in each company. In the end every team was able to beat the average market return and the Goldman Stacks team made a whopping 60+% return over the course of 4 quarters (they had a CFA on their team so the other teams were playing with a competitive disadvantage)! This was before we learned the portfolio theory and importance of diversification in our finance class. I imagine our investment decisions will be different now.

The visit concluded with a Q&A panel with a few Stern Alumni on their experience at GS and a networking session with the panel. Everyone had a great time and we of course didn’t waste the amazing skyline view of Manhattan from Jersey City! (Photo credit: Isabel Izquierdo)

Everyone told me that my classmates would be one of the best parts of business school. While I was already very excited to be moving to New York and to make new friends, I have been blown away by everyone’s warmth and friendliness. Since our Tech MBA program in small (only 32 of us this year!) we all seemed to know each other by day 2. Additionally, we’re lucky to be spending the summer at Stern with students in the Fashion & Luxury MBA program, so we are able to meet, work with, and make friends with another group of individuals who have fairly different professional backgrounds from our own.

While our class tends to go to happy hour once or twice a week (the neighborhood around the campus has numerous options) here are few other ways I’ve gotten to meet my classmates outside of Kaufman Management Center:

• Finding new lunch spots: Exploration of the restaurants in the neighborhood is a great way to start appreciating our location and getting to know people. With the growing LunchTech scene (yes, I might coin that term), we seem to find new sign up deals every week from some new app that offers us $3 lunches. We are likely destroying that young startup’s customer acquisition costs, but eating good food along the way!
• Biking, running, and other outdoor pursuits: While it’s 92° outside today in NYC, and I won’t be setting foot outside besides to get to and from the subway, I’ve spent several Saturday mornings on long bike rides with classmates. As someone from New England, I was skeptical of NYC biking and outdoors, but it turns out there are some great ways to quickly bike out of the city onto beautiful back roads, and great running paths along the rivers. These adventures have provided a break from the noise of the city, and continue to be a great way to get to know my classmates – what better way to do it than while you’re all wearing spandex biking gear?

Dumpling tours: Yes, an actual class activity. It turns out that the leader of NYC’s top dumpling tour is a classmate. He’s a highly rated AirBnB experiences guide, and knows all the spots to hit in Chinatown. We’re lucky to have such diversely skilled classmates.

This year is flying by. I’m a solid 3 weeks into the Tech MBA at Stern, and it’s time for finals! It’s crazy to think that I’m already almost done with two of my classes.

Since classes are on my mind, I’ll use this first post to talk a bit about my initial impressions of the academic experience at Stern in the Tech MBA. Though I was thrilled to be coming back to school, I spent the months leading up to May dreading the idea of sitting in a lecture hall. At work I was that annoying coworker who would get up and start pacing around conference rooms 10 minutes into a meeting. How on earth would I sit still for hours of classes? Luckily, it turns out my fears were unfounded. Here are a few aspects of the program that have helped:

The classes are highly interactive – but not in a scary way. It was easy to let my mind wander during undergrad differential equations class. I can’t do that at Stern. The professors expect active participation, but not the type where you’re just regurgitating numbers or facts – they want us to share our experiences and opinions. Given the diversity of our class, this allows us to all draw from our range of backgrounds, experiences, and failures. This leads to reason #1 why I’ve been able to sit still in Stern classes: They are engaging and participatory in a way that makes you want to jump into the conversation.

Second, I quickly learned that our course content is highly relevant and thoughtful. In an era when issues such as workplace gender discrimination and corporate ethics are far from solved, I am glad to see us facing some of these issues head on. When I saw a class called “Leadership” on my schedule, I figured I was in for a lot of fluff. The first time Professor Nate Pettit opened his mouth however, I instantly knew my assumption was wrong. We don’t talk about how to give the punchiest PowerPoint presentation – instead, we focus on issues like barriers to communication, cultivating positive culture, leading effective change, and how to have difficult conversations (yes, he makes you practice!).

So that leads to reason #2 why I can sit through classes: the professors are astoundingly thoughtful about why material is important to creating strong leaders, and focus on content that resonates with our past experiences and future aspirations.

Lastly, Stern is an oasis away from a deluge of work emails. I am taking notes on paper for the first time in probably 10 years. I still can’t read my own handwriting, but putting away the laptop, putting my iPhone on do not disturb, and focusing on all the things that will further me professionally brings me to reason #3 I can sit through classes: I’m never going to get this opportunity again, and so far the program is filling the exact gaps I came here to address.

While you might be able to find the official class profile on the Stern website, or this article about a couple members from the inaugural one-year specialized MBA classes, you are probably still wondering, who are they?

Well, it’s hard to describe ‘us’ in a universal way. We are a pretty global group: out of the 32 of us, we have 8 different nationalities and speak at least 11 different languages (I mean, natural languages like English or Spanish, although I am sure if you count the computer languages we know, it’s going to be at least that many plus 10 more as well). Although most of us had work experience before joining Stern, our professional experience can’t be more diverse: we have consultants, bankers, data scientists, software engineers, accountants, product managers, entrepreneurs, career coaches, game designers, relationship managers, talent agents…. The list goes on and I hope you get the gist 😉

You might have noticed from the list above that some of us come from technical backgrounds and some of us come from business backgrounds. One thing we have in common, though, is that we all have a passion for the tech industry. Worried about your rusty math skills? Stern offers math prep course for this program. Don’t know what “pandas” mean besides the cute animals in China? Dealing with Data, a tech core class built into the summer curriculum, will walk you through that (Stern does assume you have some basic programming knowledge coming to the class and will send many coding prep resources prior to the orientation). Plus there are class projects which promotes even more learning from your classmates with more technical backgrounds.

Don’t think the techies will be able to just fly through this program either (which I think is a good thing, otherwise why pay the tuition to learn something you already know?) The summer is loaded with business core classes such as Leadership, Marketing, Strategy and Economics (click here for a more comprehensive description of the curriculum). For introverts coming from STEM backgrounds like me, walking into the first class was a bit intimidating not knowing what to expect. The minute Professor Pettit, our leadership professor, opened the class with a question, our business-versed classmates started to chime in on the case study. It took me a while to warm up to the atmosphere but eventually I started to feed off from the energy in the classroom: everyone has something to contribute and we are very supportive of each other, even when we disagree. Three weeks into the program, I may still be a bit reluctant to raise my hand when Professor Foudy asks for volunteers in his Economics class, but I am a lot more comfortable to raise my hand if I have some ideas I would like to contribute than I was when the program first started.

Summer has been pretty quiet at Stern while all the 2 year MBAs are interning and we have pretty hefty course load (18 credits!). Nevertheless, you might still catch us hitting the happy hour scene with our Fashion & Luxury MBA friends (we agreed on ‘flux’ for their short name) around campus. We are hard to miss. If you see 40 people with Stern backpacks walking into a bar near Washington square park, all happily chatting with each other, occasionally taking a selfie or group pictures, that’s us! Networking is an important aspect of the MBA experience, right? 😊

Hopefully that gives you a bit of idea about who we are and what we have been up to so far. If you have any questions, please don’t hesitate to reach out to our wonderful AdComs or us student bloggers!