Against Most Odds

Interview With Business Because

2012-07-13T17:02:00.005-07:00

So I was interviewed recently by Business Because (www.businessbecause.com). Excerpts below.....

Blogging, Business and Bops with Bayo

The blogosphere can be a useful tool for an MBA student, says Oxford Said student Bayo Babalola

Bayo at Enterprise Africa

BusinessBecause has spoken to Adebayo Babalola, an MBA student at Oxford’s Saïd Business School, about how his award-winning blog, ‘Against Most Odds... my journey to Oxford for an MBA’, has helped both him and his readers through the veritable minefield of an MBA.

What is your background?
I am a Nigerian, born, bred and educated in the bustling city of Lagos. After working for five years in financial services (wealth management and private equity), I decided I needed to broaden my views, strengthen myself technically and vastly expand my professional network. Hence my decision to apply for an MBA.

How are you finding life as an MBA student?
Intense! Tough! Fun! It’s been a roller coaster year, from the early days when the biggest problem was trying to remember everyone’s names, the endless stream of balls and bops (the Oxford-specific term for parties), to the un-ending stream of assignments, projects and lectures. The one-year MBA programme is designed to stretch its participants intellectually, mentally, physically and socially.

How did you get into blogging?
When I decided to apply for my MBA, I needed to do a lot of research to choose a school that would be right for me professionally and, of course, temperamentally. I struggled with this for a while as all the MBA programmes looked the same to me (the only resource I used were their respective websites). There was no way to really tell the schools apart.....and then I stumbled on a blog by an MBA student atINSEAD. It was the first time I had gotten an inside view of a school from the perspective of a student and I loved it.
After that, I read blogs from many different schools and was able to make a more informed decision as a result. I decided I wanted to contribute to this pool of shared knowledge by starting to blog myself. I remember agonising over my first post, and I almost closed the entire blog after writing two lines as I was convinced no one would ever read it....so it’s extremely gratifying to see that the blog has crossed the 15,000 page view mark.

What is the hardest thing about being involved in the blogging world?
Well, when I first started, I was my own audience so I could basically treat the blog as a semi online diary. But as readership grew, I had to be a bit more circumspect with my posts. It was also really difficult to blog consistently given the significant time constraints...there were times I would take a break from an overnight study session to put up a blog post.

Tell us the most helpful thing that being an MBA blogger has taught you.
I think it has helped improve my ability to express myself in writing. I guess subconsciously, it also helped me try to experience the best of Oxford (the city and the wider university). Given the intensity of the programme, it’s very easy to say no to a lot of extracurricular activities but a lot of the time I decided to do some things in the hope that it would provide good blogging material. Some of these activities ended up being the highlight of my stay in Oxford.

Have you got any advice for MBA students who are thinking of sharing their own experience online?
Just start. Even if you think you won’t find the time, or you might not be able to write in an entertaining way, just start putting your thoughts down. That’s what I did!

MBAT 2012

2012-05-30T04:40:00.003-07:00

Camped in the library, looking at the sea of heads trying to figure out how to even begin to comprehend the amount of work that we would need to hand in over the next couple of weeks. The beauty of the final term here at Oxford is that we get to pick electives that help build practical skills needed at our next jobs. With courses like Private Equity, Real Estate, Asset Management, Retailing, Negotiations, we've transitioned nicely from the academic focus of the first couple of terms to a hands on, real world focus. This also means that most courses are assessed via investment proposals, financial models and role plays as opposed to examinations. So after four days of bliss at HEC in Paris, most students have returned to looming deadlines and significant tests of time and people management skills. People management? Yes, we have very many electives to choose from and as such, it is unlikely that any two students have chosen the exact five same courses. The impact of this is that when students are put together to complete group work, they might have different deadlines and by extension, priorities. While one student wants to hand in his private equity group assignment as soon as possible so he can use the weekend to concentrate on his real estate assignment due the next week, his group member might want to work on his corporate valuation assignment now and save the private equity assignment for later. Anyway, I digress...

The MBA tournament in Paris was a wonderful collection of students from 13 of Europe's top business schools (LBS, Cambridge, Cranfield, IE, IESE, HEC, Insead, Manchester, RSM, Esade, Lancaster and Tias Nimbas) competing for top places in sports ranging from football to petanque. Naturally, the schools with two year programs and the hosts had a natural advantage as they could send larger contingents. Oxford put up a good showing, taking fourth place overall. We won rowing (naturally), silver medals in men's football, ultimate frisbee, handball and bronze in petanque, golf, climbing, badminton and salsa. Most importantly, we had the time of our lives, forged a stronger bond within the group and met other interesting MBAs from other great schools. At this point, surely only pictures can truly tell the story....enjoy!

Off the bus at HEC, Oxford MBAs are in town!

Go Blues!

My personal highpoint, scoring the winning goal against Esade to put us in the quarterfinals

War faces

The cox of the rowing boat is traditionally thrown into the water after a regatta win. Christine appears particularly pleased with that tradition

The victorious rowing team

The guys enjoying a welcome break from competitive sports

We were definitely the most colourful school....the dodge ball team

Basketball

Tug of War

Some saw chocolate bars falling from the skies, while others saw an asteroid hurtling towards earth....that's the only rational explanation for this picture

Watch a video montage of the weekend here if you have 15 extra minutes....

*Snaps back to reality*. Logging into Capital IQ to look for cash rich businesses for our leveraged buyout assignment....take me back to Paris....somebody!

Payback for the Boat Race

2012-05-16T09:30:00.001-07:00

On April 7th 2012, the 158th annual boat race between crews from the University of Cambridge and our very own crew at the University of Oxford held in London. It's a massive event, arguably one of the biggest and oldest inter-collegiate sporting events in the world (the first edition was held in 1829). 'The race came about because two friends from Harrow School, Charles Wordsworth of Christ Church College, Oxford, and Charles Merrivale of St. John’s, Cambridge, met during the vacation in Cambridge, where Wordsworth’s father was master of Trinity. Wordsworth went rowing on the Cam, and the two school fellows decided to set up a challenge. On February 10 1829 a meeting of CUBC requested Mr Snow of St John’s to write immediately to Mr Staniforth of Christ Church stating ‘that the University of Cambridge hereby challenge the University of Oxford to row a match at or near London, each in an eight-oared boat during the ensuing Easter vacation.'

We had a couple of MBA students among the Oxford crew and were understandably gutted when Oxford lost the race when one of the rowers had his blade broken after a clash of oars. This was after the race was restarted (with Oxford in the clear lead) after a protester had dived in the water. The defeat (more appropriately, the manner of the defeat) left us seething and provided added motivation for the Oxbridge MBA games to hold a couple of weeks later. Every year, Oxford and Cambridge MBAs face off in a number of events to claim bragging rights for the year. The games were held in Oxford last year, so we had to get up at dawn and make the three hour journey to Cambridge....not that it made much difference to the results though. We won football (5-1), cricket (9 wickets), badminton (9-0), basketball (45-20), Table Tennis (6-1), Tennis doubles (6-0), foosball (2-1), and petanque (11-7), we lost in only one event (cross country) due to a manpower shortfall.

We retained the plaque (Oxford also won last year's edition)

The basket ball team trying to look mean

SBS United!

It was a good weekend, filled with friendly banter with the guys from Judge.

On another note, this blog won the clear admit best of blogging awards for 'most entertaining student blog' and best representation of student life. It also came second in the best overall blog category....with that award going to Jeremy Wilson's excellent blog. I remember stumbling upon the best of blogging awards a couple of years ago while doing MBA research, I couldn't have imagined back then that I would also be a recipient. Thanks to all that voted!

We head to Paris tonight for the biggest sporting event of the MBA year.....the MBAT! Featuring all the top schools across Europe, it promises to be four days of non stop action, networking and partying, limited only by the knowledge that we all have tons of papers to complete right after the tournament....but we'll survive!

May the best team win!

Clear Admit Best of Blogging Nomination

2012-04-13T11:36:00.000-07:00

Turns out this blog has been nominated....help a brother out and vote here http://blog.clearadmit.com/best-of-blogging-2012-voting-ballot/.

Thanks!

The Cost of The MBA

2012-04-10T07:29:00.003-07:00

I know what you are thinking. Seven months into the program, I looked at my bank account, briefly contemplated closing it down and getting a piggy bank in its place, and decided to rant about the financial cost of the MBA. Sorry to disappoint you...while getting a piggy bank is probably the logical step given that it can comfortably hold the remnants of my life savings, I'm actually here to talk about the 'Intangible' costs of the MBA. There are tons of articles that talk about the tangible costs; school fees, lost earnings, college fees, living expenses, and other incidental costs and as such I would like to touch on those frequently ignored intangible costs that prospective applicants and students would be wise to prepare for.

Relationships

With the sheer number of lectures, assignments, speeches, conferences, competitions, dinners, parties and all the other events MBA students have to get through, its a tough ask maintaining relationships with family, partners and friends not within MBA circles. I can only imagine how many times my girlfriend rolls her eyes when i go on for the umpteenth time about this great speaker and this awesome conference....luckily for me, she's extremely understanding. The MBA can take its participants into this parallel world that makes it difficult to invest the time required in maintaining pre-MBA relationships. Perhaps for these reasons, a good number of students choose to bring over their partners, most of whom are actively involved in student life and are friends with lots of students.Whatever you decide to do, I think its important to think about it before hand and come up with a strategy that works for you....

Mental / Psychological Costs

The intense nature of the MBA, when added to the competitive job market can put a huge strain on MBA students. Your resilience and mental strength will no doubt be tested in one way or the other. People who aren't used to failure getting multiple job application rejections, students who've always been the best at everything realizing there are smarter people in class, students who have never done anything quantitative in their lives suddenly faced with the sinking feeling that comes with not understanding any of the weird looking formulas and equations. I could go on....every single person would have had to develop some kind of mental toughness over the course of the year to deal with the MBA. I think prospective applicants and students should have these at the back of their minds before they start the program;

There're going to be people smarter, stronger, taller, more articulate and generally more awesome than you are. Deal with it and learn from them.....

Prepare yourself in advance for possible rejections on the job front, its not you, its them. By getting admitted into a top tier school, you are likely to be competing for the best jobs with all the other students from the best schools. Convincing employers that you are the right candidate for a role is a daunting task and requires significant time spent networking, drafting cover letters, networking (repetition deliberate) and practicing cases (where relevant). Its important to keep your chin up if for some reason you encounter setbacks by way of rejections. Spread your net as wide as possible, explore unconventional options, your dream job at the start of the program might just be different from your dream job at the end of the program after you've been exposed to many possibilities.....open your mind.

If you belong to the group of people convinced you would fail some courses due to your non-quantitative background, listen up. I have a friend who fell into that category at the beginning of the program...she ended each class wondering what she was doing there and couldn't understand how everyone else seemed to understand what the lecturer was talking about. But she also stayed behind each class to ask questions and put in a ton of effort....she got distinctions in those courses...no mean feat! So fear not....

Health

Beer, Kebabs, Coffee, Insomnia, late nights, pizza, marathon study sessions, crazy parties to blow off steam.....need I say more?

P.s: For those that googled this in a bid to come up with financial estimates, about 40,000 pounds for school and college fees and anything between 700 to 1200 pounds a month (depending on who you ask) for living expenses. Of course there are many incidental costs depending on your interests so prepare accordingly....*takes a peek at bank account again* sigh

A Week In The Life Of An Oxford MBA Student

2012-03-01T12:15:00.003-08:00

What exactly do Oxford MBA students do? Do they spend all week at the pub? Or in the Library? I'll answer this with a typical MBA phrase.....'It Depends'. Some people focus on academics and spend most of their extra time doing 'book' related stuff, others focus on sports and are almost always on a boat somewhere, rowing for their colleges or Oxford as an institution. Some recognize the importance of networking and focus on the social side of things. The vast generality of the student population sort of lie in the middle of those three extremes....attend all (most) classes, hand in assignments on time (only just), do all (most) of the pre-assigned readings, attend a couple of parties/balls/dinners a week, attend 2-3 career events a week and listen to a couple of debates at the Oxford Union.

I would attempt to paint a more explicit picture of life here (admittedly through my somewhat limited perspective) by going through my week thus far and my scheduled activities over the next couple of days;

Sunday

8-11am: Had breakfast, worked on my part of the Finance 2 assignment, replied emails.

11-1pm: Met up with other members of my Finance 2 group to discuss and agree on answers to the questions.

1 - 5.30pm: Headed to the common room at SBS to work on the financial model for my entrepreneurship project and simultaneously watch Arsenal beat (destroy) our rivals Tottenham 5-2 with fellow Arsenal fans Ananth, Haben and Sreekanth and poor Tottenham fan Monesh. Also caught a glimpse of the penalty shootout victory by Liverpool in the Carling cup final.

6.30-10pm: Entrepreneurship project brainstorming meeting.

10-1am: Sort out dinner, check emails, send emails, check careersconnect (our in house careers portal) for interesting job postings, watch an old episode of two and a half men.

Monday

8.45am-12.15pm: Developing Effective Managers class....I had to do push ups in front of the class to help the professor illustrate a point about obedient staff.

12.30-3pm: Hung around the common room to work on the planning for the forthcoming Private Equity forum and read the cases for the next day's Operations Management class.

3-7pm: Went home to grab lunch and rest for a bit.

7-10.30pm: Entrepreneurship project (EP) brainstorming session.

11-3am: Sort out dinner, check emails, send emails, check careersconnect for interesting job postings, watch a movie (bad idea...forgot I had a football training session at 7am)

Tuesday

6.30am: Alarm goes off for football training session....I can only lift my hands enough to press the snooze button.

6.45am: Alarm goes off again....snooze (you get the picture...Captain Alejandro won't be happy but....reset alarm to 9am)

10-12am: Head to school for planning meeting for PE Forum and to go over school notes from last week.

12.30-1.15pm: Planning meeting for European finals of the Venture Capital Investment Competition (we would host the finals on March 10th)

1.30-4.45pm: Operations Management lecture

5-7pm: Light research on potential speakers for PE forum

9-12.30am : Dinner with friends (including an alumni from a couple of years ago)...awesome Indian/Malaysian food and lots of wine.

Wednesday

8.45-12.15pm: Finance 2 lecture

12.30-1.30pm: Grab lunch, hang out in common room

1.30-4.45pm: Macro-economics lecture (with the brilliant Oren Sussman)

6-8pm: Operations Management review class....selflessly facilitated by two of my course mates (Wiebke Pahl and Satya Amu)

9pm: Sort out dinner, check emails, send emails, check careersconnect for interesting job postings....slept early (about midnight).

Thursday

9.30-11.30am: PE Forum planning meeting with Faculty adviser

12.30-2pm: PE Forum planning meeting with the school's events co-ordinator....dashed off to catch the last half of a Macro-economics review session facilitated by another brilliant classmate (Bryce Eakin)

2.15-3.30pm: PE Forum planning meeting with a second faculty adviser...

3-6pm: Send emails...Happy hour (all drinks at the school bar at half price) started at 5pm..had a few drinks and had a football team meeting in the common room to plan this weekend's tournament in London. Write this blog post.....

Tomorrow (Friday), I'm scheduled to have an EP Meeting with our supervisor, have a brainstorming session with my other EP group members, be part of a current student panel at the school's open day, have a meeting about a Macro-Economics assignment, be part of a 'town hall' style meeting with my fellow MBA students, and end the day at a friend's flat (a fellow MBA) who just got a grill and wants to host a barbeque. Then of course, I'll head off to London to participate in the LBS Tackle Africa football tournament where we hope to win the cup....

Of course, not all weeks are like this as some have a little more social activity than this week as had. There are also regular dinners (I have one next week), balls and hockey games to watch (Oxford plays Cambridge this weekend with three MBA students part of the team).

There are also conferences (I am attending the London School of Economics Emerging Markets conference next week).

Juggling all these activities can be tough...but would I have it any other way? You bet I won't.....

Conquering Manchester....

2012-02-22T04:07:00.000-08:00

In a bid to get in some essential practice before the annual MBA Tournament at HEC in Paris (and not to mention a weekend without having to think about assignments and school work), we (SBS MBA Football team) accepted an invitation from Manchester Business School for a four school football tournament (also comprising London Business School and Lancaster Business School). 16 Oxford MBA students (including yours truly) rented three cars and made the three hour trip to Manchester, stopping only at Burger King to improve our fitness levels with a few juicy, cholesterol filled burgers.

We arrived Manchester in good spirits (of course welcomed by non-stop rainfall) and headed to the Manchester Business School to meet our gracious hosts and catch a glimpse of the trophy (while also trying to look as scary and unbeatable as possible to hide the fact that we had never played together as a team).

Next stop? A sports bar in Manchester called footage and trained for our big game against LBS the only way we really know how.....eating kebabs and playing foosball...

Our first game was against our 'bitter' rivals...LBS. We absolutely couldn't lose this game...we would have been happy to lose 10-0 to everyone else as long as we gave LBS a good hiding. I was detailed as the lone striker but with plenty of attacking support from midfield...and the pitch was absolutely horrible, feeling the effects of the incessant rain. The game started off slowly with our Captain Alejandro bossing the midfield and our central defensive pairing of David Wong and Juan taking no prisoners. I had hardly had a sniff of the ball when I received a pass from midfield...I was one on one with the defender and started running towards him. I successfully dribbled him (thanks in part to the slippery conditions as he fell when I changed the direction of the ball). I was one on one with the keeper....do I try to dribble him, or just try to score from here? Time appeared to stand still in that moment as I felt the three other defenders closing in on me. Make up your mind! Screamed my legs as my brain decided to draw a decision tree....next thing I knew, all my team mates were running towards me with smiles on their faces....turns out my legs had hit the ball and scored....shrugs. We went on to win the game with me scoring a second identical goal (I had enough time to draw a decision tree on this one, so my brain takes the credit) and Jon (Horbinho) Horbaly scoring the third. We also beat Manchester Business School 3-1 and drew with Lancaster Business School 1-1 to qualify for the finals.

Yes we're one big happy family but don't mess with my food!

Given the obvious correlation between alcohol and football performance, we stepped up our training regimen for the finals.

Now we were ready....we had played Lancaster earlier in the tournament and drew with them. We kicked off and David 'Jennetrator' Jennison calmed our nerves with two awesome headed goals off corner kicks. We could relax and play our game! I scored two more and Guillaime 'Napoleon' Borda grabbed a fifth...we were champions!

Up next? LBS hosts its own football tournament in two weeks, with a slightly expanded cast, including some Spanish schools...and we all know the Spanish are the kings of football....let's hope they have Kebabs in London....

Rankings, Results and Relief....

2012-02-03T04:39:00.000-08:00

It's been one of those weeks....payback week....as everyone waited with bated breath for the release of our results from Michaelmas term and the first MBA ranking of the year (FT) 2012.

The very publicised Financial Times ranking of MBA schools was published earlier this week. I personally believe the ranking system is quite flawed...with way too much emphasis placed on average salaries post graduation and way too little placed on qualitative factors that can not be reduced to numbers. For instance, a larger than average number of SBS graduates go off and start up their own ventures but that entrepreneurial spirit is not reflected in the rankings and in fact counts as a disadvantage as entrepreneurs are less likely to command those high salaries early on. But then again I realise that there's a significant number of people who try to use the MBA as a stamp to land a job in Investment Banking or Consulting....these rankings would perhaps mean more to them than the class of people for whom the quality of the education, experience and brand of the school are perhaps more important than short term concerns like landing that Mckinsey gig.

That's why the choice of school is such a personal thing and applicants should be clear about their reason for undertaking the MBA and select the school that might be best placed to facilitate the achievement of those goals. Anyway the rankings which you can find here, were mostly positive for Oxford as we had a 7 point jump from 27th to 20th in the world and 2nd in the UK. This was made more enjoyable by the fact that 'the other guys' were down in 26th. So while I am generally sceptical about the methodology used in deriving the rankings, I am at least pleased that we appear to be doing the obvious things right. The arrival of the new dean also appears to have spruced things up as he has introduced a few initiatives like the Oxford 1+1 Program and an MBA Pre-Internship Program. There's only one way to go...UP!

On a more personal note, my results from last term were released today...I PASSED THEM ALL! Some grades were surprisingly low and some surprisingly high but i'm just thankful I don't have to resit anyone of them. For the sake of future students, I'll do a brief post-mortem of each course;

Strategy: Perhaps a little better than i expected given that this was my first 100% case study exam. What would I have done differently? Practice doing a lot more case studies and memorize way more frameworks than I knew during the exams.

Decision & Data Analytics: A little lower than I expected. Did well on the exams but not so well on the assignments. I think this was because I hadn't really understood the way to answer questions on this course. To do really well, you have to do way more than getting the answer....For example, simply saying adjusted R2=85% without explaining why R2 is adjusted means you won't get full marks for that question. The support classes are also absolutely critical for those with no prior statistics expertise.

Marketing: Much higher than expected (in fact my highest grades of any course). Handed in my individual assignment (curled metal...remember?) without knowing if I had handed in the most ignorant piece of rubbish I had ever written. Turns out it was distinction level work....my excellent group also made sure we got a good score on the group work. Like strategy, its key to learn the frameworks early....when the frameworks are internalised, every question can be answered easily.

Financial Reporting: The biggest surprise of the lot. I was pretty confident of a distinction here...but scored a 65. We did well on the assignment but I must have bombed the exams. Trying to think about any obvious mistakes I might have made...can't think of any (apart from one time I mis-interpreted a question and spent 20 minutes answering the question the wrong way. I thought i recovered well though). Anyway, doesn't really matter...I passed the course.

Managerial Economics: About right...did ok without ever reaching the Keynesian heights of awesomeness. I should probably have been a little more engaged in class....spent most of the time I should have used to revise, learning most of the concepts.

Finance: Didn't do as well as I thought and deservedly so....over confidence. It was my last exam and I put in very little revision into it. Got blind sided by a few questions during the exams and never regained my composure....

It was also good to see people with absolutely no prior exposure to some courses getting distinctions in them. Proves that even 'poets' (MBA speak for those without quantitative experience) can excel given that they put the effort in. Overall, I would have taken these results gleefully before the exams given the notoriously difficult marking standards at Oxford....clearly I'll aim to increase my current average of 65 this term. Every single blog I read and every single alumni I spoke with said the same thing....'don't get hung up on grades as long as you pass....

At least I don't have to deal with the embarrassment of a resit exam...I'd have had to sneak into d exam room with a fake moustache and sunglasses....now how do I celebrate? A snow fight? Ok.....

Snowed for the first time this year....Mike Navarette (our in-house creative genius) captures the beauty of the Snow

A less creative picture of a group of MBAs (myself included) who proceeded to engage in a snow battle all the way from Cowley road before ending up at Mcdonalds on Cornmarket street (at 3am!) for a quick snack

Dear Hillary....

2012-01-25T14:05:00.000-08:00

Its the beginning of my second term at Oxford...Hillary term. The end of exams in December and the Christmas holidays lures you into a false sense of security....you forget you are a student in an extremely intensive program and Boom! Its week 2 and you have assignments due, an entrepreneurship project to deliver, a job to secure and countless other activities which require countless meetings to finalize! So Hillary, what we hoped would be a beautiful blonde has been transformed into 'Hellary' a hydra headed monster....but we have to tame her....we have no choice!

The term started particularly intensely for me as I had to organize the Venture Capital Investment Competition (where students act as venture capitalists and simulate the entire investment process). We had a record 135 interested participants and as such had to introduce a pre-tournament round to select the top 80 participants. That meant a lot of unhappy MBAs were busy doing research and drawing up term sheets during their holidays (my apologies guys). The main event held on the weekend of week 0 and everything (almost) seemed to go smoothly....

I had to send my shadow to give the opening speech on my behalf seeing as I had to be in a million places at the same time....

The Winning Team - Beat off competition from loads of awesome teams.

So how were my exams? Frankly I have no idea how I did....my idea of what's right and wrong might be significantly different from that of my professors so let's wait for the results (which don't come out till early February). After an unexpectedly difficult Finance exam on the last day, we were just happy to be done....some people had the foresight to bring some champagne to celebrate....

After a pub crawl featuring four to six pubs (depending on whose version of events you believe and relative alcohol tolerance levels), we went home to change into our ever faithful but slightly over exercised tuxedos for the end of term gala.

It was an awesome event....culminating in a great speech by Stephan Chambers (The Director of the MBA). Even Derek Walker (Careers Director) took time out of getting us all our dream jobs (thank you in advance Derek just in case you are reading this). Derek's job is actually fantastic because most MBA students don't really know what their dream jobs are anyway so he also sorts that out by looking deep into our souls and finding the right match....superhuman I tell you!

'Matan, stop asking me about the Capital Market Line...the exams are over!' At least I think that's what David was saying....my memories of that night are understandably unreliable....

It was a fitting end to what was an absolutely fantastic start to life in Oxford....absolutely!

As the Bloodstained Tears Flow on to the Carnation

2011-12-13T11:02:00.000-08:00

Third white shirt of the week? Check! Black Suit? Check! White Bow Tie? Check! Academic gown? Check! Mortar Board? Check! Why am I matriculating again? No I'm not....its the third day of exams and i am simply putting out appropriate clothing. Yes you heard that right...we have to sit for 2-3 hours everyday, dressed up like that for five days and try to figure out the trigger for a colluding oligopolist. Sigh....we'll survive.

Another great exam tradition is 'Sub fusc is specially adorned with an appropriately-coloured carnation by students taking exams, which it is reputedly unlucky to buy for oneself. They vary in colour from white (for the first exam of a given set) through pink (for intermediate ones) to red (for the last one). This allows those who have completed their examinations to be singled out and covered in things by way of enforced revelry.It is said that the carnations vary in colour to symbolise the flow of blood-stained tears from examinees'.

We've had exams in Managerial Economics and Decision Science with Strategy, Financial Reporting and Finance to come....I think its been a general consensus that the exams have gone well so far...probably due to the numerous support classes organised by classmates. Its been a tough couple of weeks and we're all just glad its coming to an end.....the highlight of my week was the silent disco session in the library organised by one of my classmates http://www.youtube.com/watch?v=RL49r-aD72c&feature=share.

Finally I leave you with this awesome Ted talk by David, one of my classmates......http://www.youtube.com/watch?v=HGiHU-agsGY

P.S I don't know any of the gentlemen in the picture above (Thank you google)

Its the Little Things.....

2011-12-02T14:35:00.000-08:00

When I was being interviewed, the inevitable 'why Oxford' came up. Of course having done my research, I gave the usual 'Oxford has a long and distinguished history with a reputation for educating leaders' among other stuff which sounded great then but had little practical implication. Having had a semester to experience this school, what have I grown to cherish? I would say its the little things like...

Collaboration

An awesome classmate facilitating an exam review session.

Getting a group of ultra competitive achievers to have such a collaborative outlook is no mean feat. Now I understand when admissions officers talk about 'fit'....there's such a huge collaborative spirit at this school that I feel that it would be tough for non-collaboratively minded people to fit in.

Lecturers
One of my classmates expressed my sentiment perfectly when he said 'I've never been in a class where the semester ended with a standing ovation for the lecturer; clearly we've all had an amazing eight weeks'. The standing ovation was for our Financial reporting professor who managed to make us love (or like at least) the course. To show our appreciation, we had shirts made with his catch phrase....

'Give Me Double Entry'.....

And it wasn't just him. Practically every single lecturer was amazing! Our Economics professor was so beloved by previous classes that a blog http://mungonomics.wordpress.com/ was created to capture some of his best quotes.

Our Decision and Data Analytics professor, in addition to helping me finally understand those regression tables, regularly has me in stitches with some phrases inserted in lecture notes;

History

The fact that the school is over 800 years old comes alive when you walk around the town and stumble upon signs like these;

Casually walked past the site where Boyle's Law was discovered and the microscope invented in the 1600s

Bill Clinton was clearly up to no good in the 60s

Same for Bob Hawke. 2 pints in 11 seconds? That's no mean feat!

Looking back over the last semester, I am truly glad that I came here and wouldn't change a thing.....(and this overwhelming love for the school wasn't triggered by the fact that we were provided free beer today to commemorate the end of the term....ok maybe just a little bit)

Choices....

2011-11-21T06:48:00.000-08:00

Reading through my last post again, its clear those were the words of a sleep deprived man, driven over the edge by excess caffeine. I am happy to report that I am back within acceptable blood/caffeine levels after a weekend without any coffee! Its the beginning of week 7 and the end of term is within sights...scary stuff! The MBA is definitely all about choices...What do I mean?

Silicon Valley Comes to Oxford
This without doubt is one of the headline events at the school....leading practitioners within the technology space come together to discuss. Its a great opportunity for students to network with leading lights at firms like Google, Linkedin, Facebook etc. Some students even got to do what's called speed dating....a quick one on one meeting with one of the executives. But I decided to skip it and finalize my other assignments to free up space to study for exams. Although there are many potential benefits of sitting through the event, I feel that given my objectives, my time would be better spent at the library. Tough and potentially wrong choice but one that needed to be made. Meanwhile, another classmate is currently at the CBI conference in London, listening to David Cameron and the Turkish president give speeches....

Picking Electives for Next Term
We have to select two from six electives next term; Branding & Communications, Finance 2, Macroeconomics, Global Strategy, Rethinking Business and Strategy & Innovation. Now the question is, do I stick with what I am familiar with (Finance & Macroeconomics), specialise in finance, and deepen my knowledge of the subjects, or attempt to take on fresh knowledge with some of the other courses? After thinking long and hard, I decided to specialize in Finance and choose both electives. I figured that those two courses are most likely to improve my on the job skills. Thankfully, we have the option to audit (sit in on classes without taking examinations) an additional course, so I'll probably audit Branding & Communications.

Entrepreneurship Project
Here at Oxford, we're mandated to form teams of five to come up with a business idea and draw up a business plan for it during Hillary Term. There are loads of ideas to choose from as classmates and external bodies alike pitch their ideas to students. One of the great things about being in a school like Oxford is the interaction with other departments. Its arguably in this area that the benefits shine through as people come from different departments to pitch awesome sounding ideas to students. They'll most likely have invented something great and just need MBA students to draw up a plan to make it a viable business! Its tough to choose because of course, some of these ideas might eventually become full fledged companies! My instinct however is to do something different, something i've never done before...the easiest thing to do would be to do a finance related project, but in this case i would love to explore previously unchartered territories. So when I saw a classmate post the possibility of an EP in the sustainable solutions area (I'm being deliberately vague), I decided to explore the opportunity...lets see how that goes!

Having handed in the marketing assignment on time (Oxford are extremely strict about time limits. Any form of lateness leads to deductions....a classmate ran from the business school, assignment in hand at after printing his work at 11.50 am (with a 12 noon deadline).....I feared for him initially, but he clearly has the skills of a long distance runner as he made it to the High Street based Examination schools in 10 minutes), like good MBAs, we celebrated by heading to the swankiest joint in Oxford 'The Randolph Hotel' for a black tie celebration of a classmates's birthday...

Beginning of the night...looking all civilized

Later on....looking less than civilized...yes, the assignment was that difficult!

Zombie Diaries....

2011-11-15T07:28:00.000-08:00

Sitting in marketing class, listening to people talk about pricing Louis Vutton bags and asking myself...'Bayo, when last did you have a meal?'. To my horror, I realize I haven't had a meal in close to 24 hours! To make matters worse, I'm not even hungry! The assignment submission deadlines are here in full force with the marketing assignment (60% of total grade) due on Friday. Panic! Shock! as MBAs discover previously unexplored segments of the library....a friend even inundated me with tales of strange ticking sounds he heard in the library one night as he tried to figure out how to price curled metal. He'd either had too much coffee to drink or the library's haunted by the soul of some poor MBA who wakes up screaming 'Correlation! Covariance! Help me Tomo! I don't know double entry!'. And it gets worse....i project a dramatic increase in 'sleep rates' during class from next week.....won't the lecturer notice? MBA's are skilled in various facets of life....well disguised sleep should be a piece of cake....we should definately have a 'best sleeping technique in class' category at our annual Sylvester awards....I think i know already who would win this award!

Ok...mini break over....back to trying to figure out how.....gasp! The lecturer's looking at me! I think she's going to ask me a question......Phew! False alarm....

Desi Girl! Desi Girl!

2011-11-06T16:08:00.000-08:00

What on earth is Desi Girl? One sec....let me just google that.....Ok it means Indian girl. So why did I have that as the title of this post when I don't even know the meaning? Might be the fact that I'm sitting in the library, pumped full of coffee, reading cases, writing up assignments, and trying to keep my body going for another few weeks before the Christmas break. We have major reports in Economics, Marketing (2 reports), Financial Reporting and Finance due in a couple of weeks, asides spending time reading pre-assigned lecture notes and trying to catch up on formal dinners, Oxford Union debates, Private Equity OBN activities and a multitude of other stuff.

Anyway, enough of that....back to Desi Girl. We celebrated the Indian Diwali festival recently and I accepted to participate in a choreographed dance on stage with a group of friends (in keeping with my 'Just say yes' policy). This was a particularly brave decision as I am certain that Elephants dance with more rhythm and co-ordination than I do.....we were supposed to dance to this song (Desi Girl) http://www.youtube.com/watch?v=L2C0SEIjc7A which is by the way my new best song. So we rehearsed a little.....

Our great instructor

and finally performed...and I managed to escape with my credibility intact (I hope....)

The video of the performance is here by the way....http://www.facebook.com/photo.php?v=10150523822442524

After the show....which featured performances from genuinely talented people and Ron's hilarious but politically incorrect jokes (I loved them anyway....comedic licence), we all retreated to some delicious food and awesome Indian music. Of course they played Desi girl again and you bet I was on that dance floor....digging it!

Private Equity OBN

Back to serious stuff....I was elected Chairman of the Private Equity OBN a couple of weeks ago and we've been busy trying to plan our activities for the year. We have put a team together (which I am very happy with) and also have the support of the absolutely awesome Prof Jenkinson. We had our first post election event during the last week when the managing director of a huge emerging markets focused fund came to speak at the school. The event went very well and I was quite happy with the turnout despite many competing events that night. I'm also busy trying to run the internal version of the VCIC (Venture Capital Investment Competition)....with the winning team going on to represent the school at the European finals in Barcelona next year.

Incoming Batch

It feels like just yesterday, sitting in what I now know as Seminar Room A (then it was just this big awesome room in this big awesome school), during the Open day/Interview Day in February listening to last year's MBA students speak about their experiences and wondering how awesome it would be to be in their shoes. Looks like the process has already started and there's an open day for potential incoming students scheduled for mid-November....looks like I'll find out how it feels to be on the other side!

Ok....battery low on my laptop....library shuts down in 10 minutes anyway! Time to go home and listen to Matan (my flatmate) talk about his weekend trip to Edinburg with about 20 of our classmates while I spent all weekend in the library (no I'm not jealous! not at all....)

Give Me Double Entry!!!!!

2011-10-26T02:45:00.000-07:00

We're halfway through Week 3 and I've found all warning I received about the intensity of the program before coming here grossly understated. Every minute of the day is literally accounted for! I guess this depends on your level of activity outside of traditional classes. I try to be active in a lot of things, hence the pressure.

Anyway, talking about classes, we have six courses this term...Strategy, Decision Science (sort of like statistics but decision science sounds more intellectual), Marketing, Financial Reporting, Finance and Managerial Economics. I must say i've enjoyed all of them so far (mostly due to the lecturers). Tomo Suzuki (Financial Reporting) is definately my favourite! In Tomo's world, everything can be reduced to 'DOUBLE ENTRY!' I suspect the class has internalised this view point as a classmate came up with the double entry for buying a beer (Cash on the Right (Reducing Asset), Beer(Increasing Asset) on the Left....genius! An honourable mention goes to my Decision Science lecturer who's made the course bearable (almost) with his eccentric and highly dramatic performances!

I've however had to learn to adjust to the way classes are structured here. The lectures are based primarily on case studies which are made available in advance. Students are then expected to read (actively read) these case studies (typically ranging from 5-20 pages long) prior to classes and form a well considered opinion. Then a good chunk of the class is spent talking about the case and listening to other opinions....the lecturer hardly ever puts forth his/her opinion. Their job is to sort of guide and facilitate the discussion. We're also expected to question the lecturer's viewpoints (I almost had a seizure when a classmate got into an argument about a concept and the lecturer seemed to welcome the argument)! Coming from a background where the lecturer strides majestically into class, being the all knowing wise one, and reels out pearls of wisdom to his fortunate students, who accept his view point without question, this represents a significant shift. It can also be a challenge for those who don't have a lot of experience analyzing case studies as you're expected to hit the ground running. I'll recommend this book (Ellet, William. : The case study handbook :how to read, discuss, and write persuasively about cases) to anyone coming for an MBA....I wish someone recommended it to me before I came here!

What else have I been up to?

A-Z Bop at GTC....yes that's a real person (well done Daniel!)

Matriculation

Sexy Sub Fusc....a Bop right after Matriculation where students have to wear something from their Sub Fusc (official matriculation outfit) and try to look sexy....(Matan, Elias and I all trying and failing miserably) I have 'sexier' pictures of people who totally pulled sexy off....but I shall spare their future political careers.

With Ananth and Haben at the Emirates living it up!

Good times...

Three weeks in....

2011-10-08T10:03:00.000-07:00

Three weeks??? Already??? Time has absolutely flown by...leaving the relics of parties, dinners, induction sessions, career sessions, OBN meetings and episodes of 'How I met your mother' (That last one is specific to me) in its wake. Let me attempt to recall some of the memories....

Punting
One thing i have learnt within my short time here is to 'Just Say Yes'. You'll find that your best memories are formed by saying yes to the strangest things. So when someone said...'Let's go punting', my natural instinct was to say no (given that I'm as good at swimming as Ashton Kutcher is at trying to replace Charlie Sheen). But I said yes.....and we had a great time!

With Manish, Ines, Joe, Mario and Matan

Trying to make it seem I wasn't terrified

Celebrating our safe return

Food Update
So after my fifth burger in two days, I realised I had a problem. My creative side kicked in...there had to be a solution. I needed Nigerian food desperately....and then it hit me! Look for a Nigerian church! Where many Nigerians are gathered, surely Nigerian food shall be in abundance...and i was right. I went to a Nigerian church and met a lady who specializes in making Nigerian food in bulk and selling to desperate souls like myself. Now I have a big bowl of Nigerian stew sitting in my fridge....I can finally call Oxford home.

OBN Election Update
I decided to run for the Chair of the Private Equity OBN and sent in my 250 word personal statement. I also organized (with the help of a few friends) an information session on Private Equity which was very well received. I spent a lot of time on the presentation but the reception from my classmates meant it was time well spent.

Dinners, Bops & Pub Crawls
These are three words that will come up over and over again during the course of the year. There seems to be a dinner happening somewhere in Oxford every other day. Bops (don't google this, its an Oxford specific term) also mean parties and colleges regularly have them. My college had one last week which I missed and has another tonight which I WILL NOT miss. They're usually themed parties and tonight's theme is A-Z (come dressed as something starting with the first letter of your name). So I need to figure out something starting with the letter B. I've still not figured out what I can go as. All I have so far is Brazillian model and seeing as i'll require plastic surgery for that, i'll probably have to pass. Pub crawls are basically crowds of people moving from pub to pub...zombie style!
We had our college induction dinner last night.....good food, wine and conversation with amazing professors that must have forgotten much more than we know...

Career Stuff
Had a meeting with a career counsellor who reviewed my cv and cover letter. Had a great chat with him about the future and 'finding myself' (yes terms like that are in fashion when you are doing an MBA). Sent off an application to a bank....fingers crossed.

Still can't figure out what to go to the party as....might just settle for going as a.....wait for it........BLACK dude!

End of Week -2 at Oxford

2011-09-24T14:33:00.000-07:00

Yes you read that right! We just ended week -2 (negative two). Oxford (being Oxford) has its very own calender! Next week is Week -1 and the upper week (when we are confirmed as students of the school via matriculation is Week 0 and then 1,2,3 (i'm sure you get the drift).

There have been so many activities already that it'll be tough to cover everything. The easiest way to do this would be to cover the week chronologically so here goes....

Monday & Tuesday
First day at SBS. Had breakfast with my roomies at the YHA (Matan and Martin)....got a few weird looks as we were all suited up (got some baked beans on my tie!). We were scheduled to have Boot Camps for careers in Management Consulting and Finance over the course of the week. These boot camps sort of provide a fantastic overview to careers in both sectors and enable students focus on their areas of interest during their job search. This is especially important as being in a 1 year program mean you'll need to start applying for jobs almost immediately.

We made the 2 minute trip to SBS....greeted by a sea of smiling faces in black and white. Handshakes everywhere.....necks bent.....ears strained...as people tried to make out each other's names in the chaos. 150+ nervous MBA students meeting each other for the first time. Thankfully we had a pretty active facebook group, making it easier to recognize some people. The sound of Derek's (Director of Careers) horn (yes horn....very effective I might add) interrupted our uneasy conversations....'please proceed to the hall' he said.He introduced the sector consultants, who took over and took us through two days of CV and Cover Letter prep, interview tips and nuances, and a good overview of the management consulting business space.

Both sessions ended about 6pm and most of us retired to what is likely to be the 'default pub' for our class....THE OXFORD RETREAT!

Wednesday

We had a free day and Matan and I decided to use it to sort out all our admin stuff. At this point we had moved into our Flat at the RAC. We had to get our University ID card from the college, open our bank accounts, register with the police, register with the NHS, and buy essential items for the house. In the evening, we all headed to another pub called 'The Jericho Tavern' for a party which went on till four apparently (I escaped at about 1am....Matan didn't).

Thursday and Friday
We had the finance bootcamps on Thursday and Friday. I had been contacted by the careers team the week before with a request to make a presentation to the bootcamp, along with about four other people about my life in Finance. I agreed to it and saw myself ushered on stage, immediately wondering why i agreed to it. With what seemed like thousands of eyes on me, I fiddled with the microphone and drank a lot of water....making sure i was well positioned in between the other speakers. Why? I didn't want to be the first to speak! I think the secret to presentations however is familiarity. The stronger your familiarity with the subject you are speaking about, the easier it is to improvise....a key attribute of a good presentation. Thankfully, I was talking about my personal experiences so I think I did quite well.

Saturday
On Saturday we had the 'Oxford Pursuit'.....a seven year old Oxford MBA tradition (gasp! an Oxford tradition that's not centuries old?). It basically involves being randomly split into groups of six and provided with a map, and 15 questions about the city of Oxford. The questions required physical examination of a lot of buildings and a lot of detective work. It was a good, although tiring experience and though we didn't win, i learnt a lot about the city.

Miscellaneous
Feeding is my biggest problem here.Practically living on bread and butter.....I might need emergency cooking classes! One thing that's also clear from my week here is that focus and prioritization is absolutely critical. There's just too much going on....too much stuff to do. There's always a party, or a meeting, or something and school hasn't even started. So I think it is essential that I streamline my goals and identify specific activities that would help me achieve them.

OBNs
OBNs (Oxford Business Networks) are student run organisations that focus on particular areas of interest. After my talk on private equity, i've been encouraged to run for the chairmanship of the private equity OBN by a few classmates. I had previously considered it but was torn between the PE OBN and the Strategic Focus on Africa group, which is an SIG (Strategic Interest Group). I have decided to run for the PE OBN although I know it would be a tonne of work! So help me God....

P.S This post is so long because I'm not sure when next I'll have the time to post.....mad times!

Arrival in Oxford...

2011-09-20T08:22:00.000-07:00

Tired....Dead tired! I suspect those are words i'll use frequently over the course of the year. It's just the second day and i'm starting to realise how intense it is. Ok let me start from the beginning;

Landed at Heathrow at about 5pm and headed straight for the Central Bus station at the airport to take a bus to Oxford (return ticket costs 26 pounds). The bus ride was smooth (a little over an hour) and came with free wifi.....so i was able catch highlights of the Man U-Chelsea game (What a miss by Torres!) on my ipad. Knew before hand that my flat at the RAC wouldn't be ready so i had booked a room at www.yha.org.uk/find-accommodation/.../hostels/oxford/index.aspx.

Pretty cheap at about 30 pounds a night and its right next to SBS but you'll probably have to share with four other people. I was lucky to get my flat the very next day so i've moved in. Here are a few pictures of my flat

My Room

Kitchen

Sparsely furnished living room

Bathroom

I must say i'm very happy with the flat. There are tons of admin stuff left to do....for example, every student has to have his/her laptop registered with the college to enable you have internet access. Had to escape from the Management Consulting bootcamp (more on this later) and walk all of 30 minutes to get to my college site (Green Templeton) to get an appointment for later in the day and then walk all the way back to SBS to have my picture taken for the profile book and then back again to have the laptop configured before heading home (via Tesco to pick up some groceries. My flatmate (who is a very nice dude from Israel) and I would need to go shopping for basic stuff like microwave ovens and other appliances not included in the flat. Of course I need to open a bank account, register with the police and NHS (all Oxford students are covered by the NHS) and do other stuff i'm sure will come up over the course of the week.

The weather's been surprisingly pleasant by the way so long may it continue!

Two weeks to go!

2011-09-03T03:19:00.000-07:00

Here's a list of administrative tasks I had to do before heading out to Oxford.....

Confirm by email if you will be accepting the offer - Done

Pay your 15% non-refundable deposit - Done (Came to £5,445)

Submit your Offer Acceptance Form - Done

Supply your Financial Guarantee documentation - Done
College placement - Done (Green Templeton College - GTC)

Confirm acceptance of your college place - Done

Secure your accommodation – college/private - Done via GTC (Rewlew Abbey Court)

Obtain a visa - Phew.....Done, after three nerve wracking weeks

Return your Student Contract to generate your University Card - Done (Had to return a hard copy of this as per school regulations)

Pay the balance of your fees - Done.....I now qualify for bankruptcy protection
Register via student self-service - Done

So its official! I'm enrolled at Oxford! Six kings, 48 Nobel prize winners, 26 UK prime ministers, 7 current holders of the Order of Merit, 12 saints, 20 archbishops, 18 cardinals, 1 pope and one Bayo Babalola.....

The Countdown Continues - A Month to Oxford

2011-08-15T08:14:00.000-07:00

So Cesc Fabregas signed for Barcelona this morning, the Nigerian Under 20 football team lost in the quarter finals of the Junior world cup last night and my pot belly has refused to evolve into a six pack....despite depriving myself of 'junk' food for the past few days....so its safe to say that i'm on the lookout for a 'pick me up' this morning....

The countdown continues....in about a month, i'll be packing my bags and heading out to Heathrow for what would hopefully be a mind blowing year of fun, stress, knowledge acquisition and even more fun! I am excited while nervous....excited at the possibilities that lay ahead and nervous at the total deviation from the familiar. I would be going into a city where i have no friends or even anyone vaguely familiar. I am particularly apprehensive about food. I am a Nigerian and by definition we love spicy food...our entire diet is brimming with spice. I've never been out of Nigeria for longer than a week before and I remember heading straight to a beer garden or restaurant from the airport to save my tongue from the blandness it had had to endure all week. Luckily, practically everyone would probably have an issue or the other. But first things first, I need to get my Visa issued.....in Nigeria, the UK operates a drop box system where you download and fill the forms, include all necessary documents go get your biometric data captured, and submit the form. It typically takes about 3 weeks to a month so fingers crossed.

I've been thinking about setting goals for the year. I read in an Oxford Alum's blog that you can only do two of three things well in Oxford.....Academics, Socials and Sports. Academics for me is absolutely key....its my intention to get on the dean's list (A list of the top performing students in the class) so as to counter my relatively weak undergraduate gpa. It might be an issue during recruitment season when companies have their pick of the best business school talent in the world. I would also need to look for 400 hours during the year to study for CFA. So that leaves one more slot....do i pick socials or sports. Now socials are important, afterall one of the reasons to come for an MBA is to create an extensive international network and you can only do that by socialising extensively. I also like sports...football is absolutely critical to me and i've been looking forward to the annual MBA Tournament in paris since i first started considering going back to school. I would like to believe I can engage in both and still do well in class. I guess time would make that decision for me.

Finally, the thorny issue of finance! My wonderful parents (bless them) have given me most of the money required. I have estimated that the entire year would cost me about £54,000 pounds....thats a very conservative estimate by the way. After also throwing in my life savings, i just, only just have enough to cover my expenses for the year. Its a tough decision to have to make......a significant investment. But like someone once put it, its not too much to pay for the priviledge of being an Alumni of the great Oxford University for the rest of your life. Unfortunately, the school has very limited loan and scholarship options so it has to be 100% self funded. This is something the school needs to change. We're (some of the incoming students) looking to work on this with the school.....

On that note, I leave you to mourn the demise of my once great club......

CFA Level Three....Finally!

2011-07-27T09:38:00.000-07:00

'Dear Adebayo Oluwaseun Babalola,

Congratulations. I am very pleased to inform you that you passed the June 2011 Level II CFA exam. You are one step closer to achieving your goal of earning the globally respected CFA charter.'

I got the email yesterday and after waiting for over 24 hours without receiving this...

'Dear Adebayo Oluwaseun Babalola,

We apologize for having misled you. You did not pass the exam. But on the real though, how could you think a nitwit like you would pass our 'prestigious' exam? Kindly re-register for the level 2 exam if you want to continue claiming to be a 'Level 2 candidate.''

I can safely scream...YAYYYYYYYY!!! I'm just glad that i've crossed this bridge....third time lucky i guess. Now the question is...do i attempt to take the level 3 exam while at Oxford next year. It will be extremely tough...deadlines are crazy and from the stories i've heard, my all-nighters would be taken up by Oxford. I will pay for the exam because i need to be registered for level 3 to have it reflected on my CV and then make a judgement call on how much study time I need to allocate to the exam without affecting my performance in school.

Oxford Update: Trying to round up the admin tasks. Sent in my student contract last week and should receive my SBS email address soon. Also about to apply for the UK visa....hopefully there'll be no issues with that. Also getting to know more of my classmates via our Facebook group....it's extremely active and someone's always discussing something which is nice and makes it easier to communicate. I've also been selected to blog for SBS on the official blog page http://mba.sbsblogs.co.uk/....another Yayyyyyy!!!! I requested to be considered and sent a link of my blog and the request was accepted.

Happy times....now reaching for a glass of wine....

Countdown to Oxford....

2011-06-05T04:58:00.000-07:00

Sitting in my hotel room in Ghana, watching Paris Hilton on Piers Morgan's show complaining about fame and its bad side. Bad side? Can we switch places please (without the sex tape of course). Came to Ghana to write my CFA level 2 exams (for the last time i promise). The exam went ok...studied hard, but the CFA is anything but straight forward, so fingers crossed. I promised to paint the town red yesterday after my paper but those plans went down with a whimper as a little rain and the allure of guilt free tv defeated the almost non existent party animal inside me.

So CFA out of the way, I can now drool about resuming at Oxford in September. Whats been happening? Well, mostly administrative stuff.....got admitted to Green Templeton College and....ok, let me explain the Oxford collegiate system to you. Oxford, being Oxford, had to be different from other schools. Its sorta like a holy trinity....the University, the College and the Department. The University, handles examination and other University wide activities. The department handles lectures and other academic related functions and the college is where you are accomodated and enjoy other extra curricular activities. This is probably a less than precise description but i'm sure you get the picture. So to illustrate, I have been admitted to the University of Oxford. I will be provided accomodation and partake in other extra curricular activities at the Green Templeton College and be lectured at the Said Business School.

I've secured a flat at the Rewley Abbey Court (RAC), literally round the corner from Said Business School. Its a two bedroom flat and i'm scheduled to share it with an Israeli scientist....a fellow SBS student. Decided to stay at RAC because of its proximity to the school...walking or cycling 20 minutes everyday in the dead of winter doesn't exactly appeal to me. Downside however is its called off site accomodation as its not within my college grounds so i might not really interact with non-mba students as RAC is understandably populated by MBA students. But consulting with a number of current MBAs helped me make my decision as i'll be spending 98% of my time at SBS. We've (MBA students) also been communicating with each other via facebook and google....should be a fun group!

But for the next few months, i'll just cruise through work while I mentally unpack in my flat at the Rewley Abbey Court.....

End of Part One...

2011-03-13T05:25:00.000-07:00

My day started with the typical nervousness and incredulousness of such big days....I woke up at 4am and immediately checked my email account....nothing! I got to work and tried to appear productive while hitting the refresh button every ten minutes....nothing! I went on a few online forums (gmatclub, papalguy) where fellow mba applicants were waiting nervously all over the world....nobody had heard anything!

At about 12 noon, I went into a meeting that would go on to last two hours.....tried checking my email account several times on my blackberry but couldnt seem to log on. It was probably for the best because the managing director of my firm was in the meeting and i cannot say for sure what my reaction to getting the email would have been! Meeting over, I bounded down the stairs and ran to my desk.....three unread mails! One of which was from the admissions guys at Oxford! Of course I checked the irrelevant emails first and then slowly clicked on the one that mattered....

'Dear Adebayo
I am delighted to confirm the decision of the MBA Committee to'

I blacked out for a second, my colleague said I started thumping my chest like a gorrilla but to be honest, he's not a very credbile source.....I remember standing up from my desk, smiling and looking decidedly retarded! My colleagues noticed of course and converged round my computer to read the rest of the email...

'offer you a place on the 2011-2012 programme.
Your interviewer was very impressed when they spoke to you during your interview and the MBA Committee has agreed that you meet the very high standard expected of an Oxford Student.
We hope very much that you will accept the Committee's offer and join the 2011-2012 class. We aim to welcome another class of around 230 to the next MBA, allowing each student to benefit from close supportive and constructive relationships with Faculty.'

There is no better feeling than opening up that email that tells you all your work has paid off....one of your dreams has come true...you have achieved what you set out to achieve.....

This marks the end of the first chapter.....and the beginning of a new one....

Cranfield MBA Interview

2011-02-22T01:52:00.000-08:00

I had my Cranfield MBA interview yesterday. The Cranfield School of Management is in Bedford, on an isolated old airforce base. I got on the National Rail train from the London Euston Station to the Milton Keynes Central station (cost about 17 pounds for a one way ticket). The school usually sends a complimentary bus to meet interviewees at the station. Unfortunately, my train was a tad delayed so I had to take a taxi to the school (should cost about 16 pounds).

I was very well received by the Director of the MBA program and he took me upstairs to his office to commence the interview. He thanked me for making the effort to come all the way from Nigeria and asked me to give the pre-arranged 3 minute presentation. Cranfield provides a topic that the interviewee would talk about for 3 minutes at the start of the interview. Mine was about a piece of legislation i would like to see enacted in my country. I talked about the lack of a freedom of infomation bill and how its impeding good governance and accountability in Nigeria. I also gave an example of how Senators in Nigeria don't account for money given to them for constituency projects. The tricky part was the timing....I had a 50 second band around the 3 minute mark within which i could make the presentation (i.e 2 1/2 minutes to 3 1/2 minutes). Anything outside this band would be penalized.

After the presentation, he questioned me further about the bill.....is it currently under consideration? is there any lobbying being done? Thankfully, my geeky interest in politics paid off as I was able to answer the questions satisfactorily. He then proceeded to the traditional MBA questions.....why mba? why now? Have I applied to other schools?What are my plans post MBA. The good thing about doing two interviews so close together is that you learn from the first one....during the Oxford interview, i was nervous and tense while i was calm and relaxed during the Cranfield iterview (wish it was the other way around though).

Generally, the interview went well and I got a feeling I was in (though u never know). Thing is, even before the interview I had started to have reservations about Cranfield. Its clearly a good school with top faculty but I'm unsure if its best placed to help me achieve my goals. What are my goals?

I want a brand that would open doors for me all over the world. I want to meet exceptional people and create a network of lifetime friends from all over the world. I want to improve as a private equity professional. It was never in doubt that Oxford is better placed to help me achieve these goals but i've just started to question Cranfield's ability to help me achieve any of the goals at all.

While the Cranfield brand is a good one, it is by no means door opening (not in Nigeria at least). There are very little finance courses (not to talk of private equity specific courses) so i'm unlikely to gain specific PE skills.

Still thinking about it though.....

P.S There's absolutely nothing to do in the town....beware!

Addendum (25th February 2011): I got an admit with a £5k scholarship! Now dancing away.....

Oxford Said MBA Interview 2011

2011-02-19T02:59:00.000-08:00

Although I was interviewed by only one person (a director in the school's career services department), one other person was present....my brain. I feel like my body and brain were seperated during the interview and as such it was a three person conversation. How did it go? Read on......

Interviewer: Hi, Can I get you anything?

Bayo: Hi, I would like some water please...

Brain: You nitwit! Did you just ask your interviewer to get off his chair and get you water like some errand boy?

Interviewer: Sure.....one second....returns with water.....Ok, so why do you want to get an MBA?

Brain: Yes! Go for it Bayo! We've practiced this question a thousand times.....remember?

Bayo: Confidently adjusting pose.....I chose to come and study for an MBA because i feel that,.......pause....because i feel that...

Brain: OMG! How did I get stuck with such a dumbass? Why on earth are you stammering? You should know this thing like the back of your hand!!!!!!!

Bayo: mumbles something about private equity, and the need compensate for the poor quality of management teams in Nigeria.

Interviewer: Scribbles some notes......

Brain: You see, he's writing that you are a total waste of space! He's furious that he has to listen to you dribble on and he'll rather be playing ping pong with a wall right now....

Bayo: still mumbling about private equity and poor human capital in Africa

Interviewer: Ok, why Oxford?

Brain: Surely, you can't mess this up? Honestly, if you mess this up, I will haemorrage!

Bayo: Ok, Ok, I can't afford a Brain Haemorrage during an interview.....Oxford has a 900 year history of educating leaders, I want to be a part of that history. I'm also attracted to the school's private equity institute and the opportunity to learn from the world's leading practicioners in PE.

Brain: (Speaking pidgin english) Na God save you.....

Interviewer: What would you bring to the class?

Bayo: Now sounding confident.....I think I bring a unique perspective to the class. There can't be a lot of people in the class who practice private equity in emerging markets so i'm confident i can be a good platform to validate some of the theories taught in the private equity in emerging markets class.

Brain: So a couple of good answers and you think you have arrived? I am ashamed of you! You practiced these exact same questions over and over again and you still couldn't sound smooth and suave.....you disgust me! If you rob me the chance to spend a year in this place, I will never forgive you!

Bayo: I have worked in financial services all my career and believe i would be in a position to help my less quantitatively oriented classmates during group work as I expect they'll help me in subjects I'm not familiar with. I also believe I would contribute to the class in social and sporting way as i play football and would seek to represent the school in the MBA tournament in Paris....

Interviewer: smiling.......Big win for Arsenal on Wednesday eh?

Brain: Ok....i know i warned you not to include the fact that you support Arsenal on your CV....who does that?

Bayo: Yes, Lagos went beserk after the match. You would have thought it was Nigeria playing......long discussion about football where Harry Redknapp, Graham Taylor and Watford were mentioned by the interviewer and I threw in a 'It'll go downhill for Harry Redknapp as soon as he gets the England job'.....

Brain: you're lucky that the arsenal thing worked out in the end...

Interviewer: I see you want to work in a private equity firm focused on emerging markets.....Well, to be honest, they don't exactly come banging on my door asking for MBA's how do you intend to secure a job like this? Can you name five of such companies?

Bayo: Well, I'm particularly attracted to the IFC because of its focus on the social impact of its investments....

Interviewer: Well, the IFC is not exactly a private equity firm

Bayo: Yes i realise that but the skill set requirements are similar. Companies like Emerging Capital Partners, Aureos Capital, Actis, Kingdom Zephry would also be attractive to me. I also intend to secure a study leave from my current employers.

Interviewer: That's smart....

Brain: blushing......Okay, maybe you're not so dumb afterall....

30 minutes up......

Interviewer: Thanks for coming Bayo.....enjoy the rest of your open day

Bayo: Thanks Derek....Have a good day