I'm Still Alive!

Hello dear readers. Are you still out there? I recently decided to check up on my blog and I've found that I have not posted since the end of first year! So disappointing. So much has obviously happened since then that I can't attempt to summarize it all. So how about just an update on where I am now?

I am still living in Philly. My post-MBA job will have me bouncing around a bit location-wise, but my first stop is right here in the city of brotherly love. Hubby and I moved out of the Wharton dorm we were living in (not really a dorm, just a popular Wharton building) and headed to another part of the city where Wharton students only occasionally trek for a restaurant or bar. Works for us - it's hard to remain in the city where we spent two fabulous years now that the majority of my Wharton friends have fanned themselves out all over the world. It would be much harder if I still had to see the students everywhere, dressed in whatever crazy costumes they've devised for the 80's Party, Walnut Walk, or Wharton 54. And know that I'm no longer one of them. Now I have to work on Fridays and weeknight drinking just makes me feel old when I try to get up in the morning.

We've upgraded to a two bedroom apartment. Such a luxury! I have to admit that getting that paycheck every two weeks still hasn't gotten old. During school it felt like we were hemorrhaging money. Which I guess we were. Now that I am paying back my loans I am constantly reminded of how much money we went through during those two years. I wouldn't trade it for the world, but it is nice to have a bit more normal cash flow situation these days.

We got a dog! We adopted him from a rescue and he is adorable and fun. He is such a joy to have in our lives. I don't want to get on a soapbox, but if you are ever thinking of getting a pet, please consider adoption. You'd be surprised how many wonderful dogs and cats of all ages are out there, many already trained, many still puppies if that's what you want, even purebreds. Every time you adopt, you save the life of your new best friend AND another pet who you make room for in the shelter. Ok I'm done preaching.

I still don't know what I want to do when I grow up. Yes I do have a job and it's what I wanted and I'm learning a lot. But I was also exposed to so many other things in school, I am constantly scheming what I might do next, or 10 years from now. If you are a fellow MBA grad you know what I mean. Those of you in the middle of your b-school journey or just starting your research, you should know- the journey doesn't end when you sign that full time job offer. It's really just the beginning. But now you have those fancy letters to add to your business card- M.B.A. Has a nice ring to it!

Powerful Women Paving the Way

This weekend I attended a conference at Penn State (my alma mater) hosted by the Smeal College of Business and the Women in Business Club. I wasn't sure what to expect since it was the event's first year, but I really enjoyed it and I felt that every session had some relevance to me and my career advancement goals, which I think means it was a great success.

The first speaker was Michelle Austin, an entrepreneur who founded the Fluidity fitness system. You may have seen her infomercial with the free-standing ballet bar. She showed a case study of her company, including how it took her 6 years to raise capital and how much she had to learn about in order to protect her intellectual property and structure good deals with investors. In addition to making me really want to be on Donny Deutsch (click here for Austin's Interview) one day, it made everyone there want the Fluidity bar :)

The second speaker was Anne Weisberg from Deloitte. She is one of the authors of Mass Career Customization: Aligning the Workplace With Today's Nontraditional Workforce. According to Anne, the reason why most flexible work arrangements don't reduce attrition rates or otherwise don't live up to expectations is because they are always set up as exceptions to the norm. Also, tradeoffs such as reduced pay that come with the arrangement usually aren't clear to those outside the arrangement, so it can breed resentment among other employees. Deloitte is implementing Mass Career Customization, which allows each employee to customize their career-life balance across four areas: pace of work, workload, location/schedule, and role. The tradeoffs for "dialing-down" one of these areas are clearly stated, and the choices are incorporated into the employee's performance expectations and review. For example, if you are going to work 80% of full time hours, it will be clear to everyone that you are also receiving 80% pay and your goals will reflect the reduced hours you work so that your performance rating will be fairly assessed. I think it's a great idea and I'm encouraged to see that a big company like Deloitte is giving it a try. I hope other companies join in, because once the baby boomers start to retire in large numbers, companies are going to have trouble finding and keeping good knowledge workers. I think a system like this could help keep people who might otherwise leave. There is an activity on the website where you can customize your own career/life preferences, check it out.

Other than these two, my favorite speaker and a big part of the reason I attended was Sue Paterno, wife of legendary coach Joe Paterno. Sue is very involved in many philanthropic activities, including the Special Olympics and Libraries Advisory Board, among others. She and her husband also donated a significant amount of money to build a library on campus. She discussed the benefits of giving back in any small or big way that you prefer. It was a great way to wrap up the conference: although we are all going to work hard on making our careers the best they can be, it is important to remember that giving back creates valuable rewards for both giver and recipient.

One last note for anyone considering Penn State's Smeal College of Business for their MBA. I got to visit the new Business Building on campus and it is really nice. Smeal was recently ranked #1 by Princeton Review for best business school facilities and I completely agree! The program itself seems to me to be a good up-and-coming second tier program with a very small class size (<200). If that sounds like a good fit for you, I encourage you to check it out. The campus atmosphere and town are beautiful and the football experience can't be beat. I love my alma mater and I've met few fellow alumni that don't feel the same way! It was great to be back this weekend.