The Concrete Jungle

Before you go on reading this post, I want you to open this Music Video in another tab and allow the song to play while you continue reading….

Now that the mood has been set, here we go. This past weekend, from the evening of Wednesday the 21st to Sunday the 25th, I took a trip to the land of Sinatra, Bobby Flay, and Tupac. A little place called New York City.

As I was flying in, listening to the song you are hopefully listening to right now, it was around 8:30pm on Wednesday night. If you fly into LaGuardia and are lucky enough to get a seat on the left-side of the aircraft, you will have that 1-million dollar view of NYC lit up like a Christmas tree. That sight always seems to give me the chills, and I was left in awe and ready to take on “the City” the next day.

Now you may be wondering: Brett, what were you doing in NYC?Good question. I ventured on the trip with three of my fellow SMF classmates and an undergraduate group targeting the investment banks in NYC. Between Thursday and Friday, we visited banks like Goldman Sachs in the Financial District and J.P. Morgan in Midtown. With my intended career path of Investment Banking, it was an awesome look into the workings of “Wall Street” and the current state of Investment Banks.

Two of my classmates and I in Times Square.
Two of my classmates and me in Times Square.

Also, I used this trip as a means to network. From our trips to the banks, we were able to speak and network with Ohio State alumni working there, as well as at a reception on Thursday night. In addition, we had free time in which we could network with other working professionals and alumni in the City– and I feel that I established some awesome new connections.

Finally, despite having been to New York City before, I let the inner tourist in me come out a bit and I stopped by some of the most famous spots like: Wall Street, Times Square, the Raging Bull, the Rockefeller Center, and Broadway. Final takeaways? I really do love NYC and can’t wait for my next trip back!

 

A classmate and I at the Raging Bull near Wall Street.
A classmate and I at the Raging Bull near Wall Street.

 

 

 

Fall at Fisher

Fall—the season for football, changing leaves, and pumpkin spice lattes.

Script Ohio
September 3rd, 2016
OSU vs. BGSU

For Master of Accounting candidates at the Fisher College of Business, fall also means recruiting. Although many students enter the program with full-time job offers, a number are still looking for post-grad employment. I did not complete an internship this past summer, and, as a result, was eager to begin my job search once I got to Fisher. The Office of Career Management does a fantastic job of facilitating this process for its students by providing ample resources and programming for those still seeking placement.

For those who aren’t familiar with how the accounting hiring cycle works, here’s a brief breakdown:

  1. Over the summer, incoming MAcc students complete a series of “Career Modules” to begin preparing for the fall semester. Additionally, students submit an updated resume to the Office of Career Management to receive feedback prior to actually applying to jobs. This is also the time to identify service line and location preferences.
  2. A half-day of orientation is devoted to a Career Foundation Seminar. As part of this event, we had the opportunity to hear from a panel of recruiters which was incredibly informative!
  3. Networking kicks off with the “MAcc Mix & Mingle,” an event at Ohio Stadium hosted by the Office of Career Management during orientation.
  4. Classes start and firms begin to regularly visit campus, hosting a number of events and informational sessions during the first several weeks of school. This is a great time for students to learn more about all their potential employers. The Fisher Career Fair takes place at the beginning of September and is a great way to connect with companies that don’t necessarily have the same presence as some of the larger firms.
  5. Application deadlines vary, but most are due within a week or so of the Career Fair.
  6. First-round interviews are held on campus toward the end of September.
  7. Second-round interviews occur in October and include an office visit. Even within the same city, company cultures may vary drastically, so this visit can be incredibly important when determining a “best fit.”
  8. Most offer letters are out by the end of October, at which point it’s time to make a decision!

At this point, my applications are completed and I have started scheduling on-campus interviews. I will be sure to update you once I have come through on the other side!

Is it Graduation Time …already…!!!???

linkedin Didier Hirwantwari aka “SMF for life”

Graduation = Closer to reaching Personal and Professional Goals. 

I would first like to thank all my followers and fans. This has been a truly great experience and continues to become an even greater experience as I approach the finish line of this program. I have enjoyed writing these blogs and have put all my heart into them trying to share my daily musings and articles and great pictures. It is an experience that has given me much more than I have given.

I started my collegiate career here at the Ohio State University in 2010 and was granted entry into the business school as an undergraduate in Finance shortly thereafter. It was a great and challenging experience and it still is now as I finish up my graduate studies here. I think the biggest part of this school and university as a whole are the people whom I’ve met. I can honestly say with a hundred percent that it is because of the people I have met that I am here right now. I did well in my studies but it was always the people whom I would meet who would push me to even want to work harder and give an extra ounce.

Thank You to my family and friends for believing in me and carrying me when I was tired. From my stats professor Doug Evans who wrote my recommendation letter and made it possible for me to gain an internship with the FDIC; Thank You. To Professor Albert for everything, from advising to explaining the foreign exchange to listening to my worries. From my undergraduate adviser Jane Palmer who guided me throughout the halls of Schoenbaum so that I could work harder and harder to standout as a finance student and for hugging me at my undergraduate graduation and making me almost shed tears (don’t tell anyone) ; Thank You to Professor Kewei Hou for believing in me and writing a recommendation letter that I am sure helped a lot when I applied to this great SMF program. To Dr. Pinteris; Thank You for this great opportunity, it has been a blast meeting my classmates and learning from you. To Professor Lou Zhang, I would recommend your class to everyone; one of the best learning experiences I have had.  To Caroline C., Thank You for your guidance throughout the first semester, it helped me grow in so many ways. Thank You Rebecca Z. for asking me about my experiences with the program and making sure that I have everything I needed; It definitely helps me to stay centered. To Rob C., I cannot say enough thanks for the opportunity, but many thanks. To Claudel; Our talks have made me so much more confident to go out and face the world, thank you. To all my classmates, if you ever read this. I would not be the better person (I think 🙂 ) without you all. Thank You all !!!

I am sure I missed some people but if they (you) ever read this…Thank You.  So …. graduation is around the corner. I have been thinking if I will do the dab like Coach Urban Meyer did in my earlier posts. As I start approaching this date, the impact of what I am going to achieve here grows larger and larger. In such a short amount of time I have learned so much and met so many people. I never stopped learning while here and I doubt that I ever will. There are great things coming down the line for the SMF program and I am very excited. For the incoming SMFs if you read this; Welcome to what I feel is one of the top finance programs into one of the top business schools into one of the best states with the best football team, best damn band in the land, …..Welcome to your Buckeye Experience !!!

Go Bucks

Yours Truly … Didier Hirwantwari

CFA Research Challenge Global Finals in Chicago

Seven months later, we finally arrived in Chicago for what was one of the coolest and most exciting events of my life. For a recap of what the CFA Research Challenge is and what it took to get to Chicago, please read my previous blog (https://fisher.osu.edu/blogs/gradlife/2016/03/07/cfa-research-challenge-pt-2/).

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When we arrived at the Hilton on Michigan Avenue, I was a little overwhelmed with excitement. Not only was the weather amazing, but the CFA Society of Chicago really rolled out the red carpet for us. The main stage was spectacular and made me a little nervous for the four teams that would be presenting up there. The structure of the week looked like this:

-Tuesday was registration and the opening ceremony

-Wednesday consisted of the semi-final round in the morning, an advancement ceremony at lunch, the national final round in the evening and dinner afterward.

-Thursday was the Engage Symposium where leaders in the finance industry talked about current topics and how students should prepare for the finance world followed by the global finals and a reception

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There were over 100 teams competing in the semi-final rounds with only 26 moving on to the national final round. Of those 26, only 4 would go on to present on the main stage in the global finals on Thursday. The 4 that made it were: Italy, The University of Georgia, a team from Asia Pacific and the eventual global champions (and the team we lost to) Waterloo. Watching those 4 teams on that stage was incredible. They all did an amazing job of answering some incredibly difficult questions but Waterloo walked away the champions. After they were crowned, we all made our way to the reception area which was a giant dance floor with a live band. The entire experience was surreal.
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After the Research Challenge was over, it was time to be a tourist. I packed my bags and left the Hilton for an Airbnb three blocks from Wrigley Field. Two friends from Columbus joined me as we explored Wrigleyville, downtown, Michigan Ave, Millennium Park and the business district. The weather was perfect so we walked for hours everyday and enjoyed every second. If you ever have a few days to explore and are looking for a destination, I highly recommend Chicago. It is hard to beat. IMG_5978

Internship for the Win!

As the school year comes to an end all I can think about is how fast time goes by! The MHRM Class of 2017 is about officially halfway done with the program! My classmates, including myself, are all off to start our summer internships hoping to bring back perspective, credibility, and experience. Well, I promised to keep y’all posted and I’m officially here to report my first week in Huntington Talent Acquisition was a major success! I love what I’m doing: the projects I’ll be working on over these next few weeks, being in downtown Columbus, and my TA team. Below is a short recap of my first few days (I work half days Monday, Wednesday, and Friday until the summer starts).

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Fortunately, my manager had me visit Huntington HQ a couple weeks before my start date to recap with her since it had been awhile after my interview and my last time in the office. That meant when Monday came I knew where my desk was, how to maneuver through the building, and most importantly, where her office was. I also had met her manager who I’ll be partnering with for one of my main summer projects during my pre-start date visit, so I did have some familiar faces in the office. Monday I also got my official Huntington badge (so fancy). Monday was a lot of getting set up to hit the next few days running. By Wednesday, I felt like a pro! I got most of the mandatory training completed, discovered the printer, set-up my desk to my liking, and discovered where the water bottle re-fill spot is!

(Excuse the lack of office decorations - to come)
(Excuse the lack of office decorations – to come)

Friday is when the fun started! My manager took me and another one of our TA team members to lunch (so many options in downtown Columbus) and we got to chat outside on the patio in the sunshine. The big lunch geared me up for the big meeting with her manager: this meeting was to get the deliverable for one of my summer projects! Friday was exciting because it was a sneak peak into some of my summer work, but also how I’m going to get that work done. Lots of brainstorming, more set-up, and computer software ideas spun through my head for the rest of the day. My manager and I wrapped up the day with a little reflection (highly recommended) and I headed into the weekend like a giddy five year old, already ready to be back in the office!

I went into my summer internship search with the mentality that I want to love my job, because at the end of the day that’s what will keep me where I start my career after graduation. What I love about my internship with Huntington TA is that my projects are not just meaningful, but they will be sustainable past just my summer internship. I have a feeling my first few days in Huntington Talent Acquisition were only a glimpse to the great summer that’s ahead! #gobucks

But really, how can you not love that view?

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The Year is Coming to an End

Technically, there are two days of class left in the semester. For the sake of this post, let’s say classes are over and all that remains between the student body and summer are those pesky exams.

Here in Gerlach Hall, there are two camps. First-year MBAs are eagerly preparing for GAP assignments and summer internships that will hopefully turn into full-time offers. Second-years are staring employment directly in the face. Try and picture the fleeting look of carefree senioritis on a 28-year-old’s face as she realizes winter break, spring break and Fridays off will forever be in the past. I fall squarely into the anxious, exhausted first-year camp. In less than two weeks, I’ll be in Tanzania working with the Global Water Institute on a water well program. In less than six weeks, I’ll be interning with The Wendy’s Company in its marketing division. Bring it on!
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On one hand, I cannot wait to ditch homework for four months. No more late nights at the kitchen table with a strategy case for a company. On the other hand, I’m essentially going back to work for 13 weeks. Work stress and effort are totally different than school stress and effort. Grades and participation points are great, but real life company-related implications and a paycheck are vastly more important in the long run. A dumb answer or a half-hearted deliverable will not ultimately sink a ship here in the safe classrooms of Fisher. Not so in the real world. All the theory and case studies will finally be put to the test. I’ll let you know how it goes!

The-Wendys-Company

International Business Etiquette

The second semester of our program has been really enriching. I checked our Student HUB, which lists student events, and guess what I found this time? International food tasting…I mean International Business Etiquette. Anyway, we can’t live without eating as well as learning.

When I stepped into Mason Hall’s rotunda, it proved to me again that I am part of a great program that provides international experiences. The exotic food brought me to a foreign environment instantly and started good conversation.

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Looking at things like this, how can you not be curious and try it out?

international ettiquete food

Of course, we are here to learn about business etiquette all around the world. There were flyers about business etiquette in the UK, Brazil, India, and so on. Amusingly, when international students looked at the food tables, they are actually looking for the one about America. Our wonderful holders forget to tell us about themselves. We are supposed to learn about the countries, but I instinctively looked for one on China. The students sitting in front of me were also looking for one on China since one of them is traveling there. I thought I could be the “live flyer” about business etiquette in China for him, but I actually found one for Korea, which is very close to China, and gave it to him for reference. The one for Saudi Arabia is really interesting and different. “It is not uncommon to have a meeting cancelled once you arrive.” “You should arrive at meetings on time, although it is an accepted custom to keep foreigners waiting.”

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PowerHerFul: The 6th Annual Women’s Summit

On March 26th, I attended a very special event: The 6th Annual Women’s Summit. The event lasted for almost an entire day. Although I was a little bit tired, I really gained a lot.

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Actually, it was the first time that I participated in a feminist event. The event was well-planned. When I arrived at the 4-H center I found there was a black bag on each chair, a planner, and an agenda sheet. After breakfast and a simple warm-up, we had a guest speaker, Ms. Perfect, who is a successful woman both in her career and family life. She talked about how she dealt with her most difficult time: a single mother who raised 2 young children and went through college courses as well as 3 part-time jobs. Ms. Perfect also talked about how she planned her life. According to her, once she had a vision, she just stuck to it everyday. Ms. Perfect’s speech really inspired us a lot.

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Then we were provided with different workshops. I chose the professional appearance workshop. The workshop lasted about 45 minutes. It was short but I was impressed by our coach. She helped us build our confidence by stating over and over again, “You have all you need to get what you want.” She also offered some short but useful suggestions for us women to make a good professional impression.

After lunch, we had a seminar about women starting businesses, followed by 2 selective workshops. I chose “Health habits in your 20s” and “Women in Business Panel.” I received a lot of useful suggestions about how we should take care of ourselves as well as our careers.

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The most exciting part was PowerHerFul Fashion Walk Show. I could see from the models’ faces that they were happy and confident. The audience was influenced by these charming ladies and they all got very excited.

The event ended at 4 p.m. It was really worthwhile to spend all day at this event because we felt more confident about ourselves, we built friendships with each other, were inspired by each other, and we gained support from each other.

The MHRM and Fisher latest

Wow, I haven’t blogged in awhile and I’m so sorry. Classes and life in general have been an absolute whirlwind! I want to provide some Fisher and MHRM updates, as well as personal updates since last semester. Let’s start with Christmas break!

1: MHRM goes to Columbus Zoolights!

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2: Student Experience provides Destress with Doggie Day. 

Everyone knows this was my favorite event because I desperately want a pug of my own!

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3: MHRM External Case Competition Sponsored by PepsiCo.

Our team won 2nd place competing against Cornell, Rutgers, Illinois, and Minnesota! We brought home the hardware for Professor Ankerman and Dean Makhija

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4: OSU Spring Break.

A great chance to escape from the chilly weather and head down South for some vitamin D (yes, I actually went here – Cabbage Key! 🙂 )

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5: Fisher Celebrates 100 years!

Fisher College of Business is officially 100 years old this year and there’s lots of celebration. Check out what the past century has looked like here.

Fisher 100th Birthday Celebration Blackwell - Ballroom Mar-07-2016 Photo by Jay LaPrete ©2016 Jay LaPrete
©2016 Jay LaPrete

 

6: MHRM Council Elections.

I’m very excited to serve on the MHRM Council for the 2016-2017 school year, and I can’t wait to meet the incoming 1st years!

With these past couple months means new classes for students. This semester I’m taking Staffing Organizations, Data Analytics & Decision Making for HRM, Labor Relations, Understanding Teams & Leadership for HR Managers, and I finished up one elective – Leadership Legacy with Dr. Rucci. Dr. Rucci’s class has been one of my favorite and I highly recommend it! Wondering about these classes and what the syllabus might look like? All of the course descriptions and some syllabi are available here.

My last piece of exciting news is that I’m starting my internship early at Huntington Bank HQ in downtown Columbus! I’m super excited for what’s to come and to get started on my summer projects. I chose to start a little early (April 11th instead of May 16th) so I could hit the ground running by the summer! More MHRM updates and details to come on what it’s like to balance two jobs and a full time curriculum!

Accounting Policy and Research

During spring semester, all MAcc students take Accounting Policy and Research with Professor Zach. In addition to learning about accounting research methods, the efficient-market hypothesis, and Chipotle Mexican Grill (you’ll see when you take it), we worked in small groups on topics of our choice for session-long research projects that we presented during the final week of classes.

The words “accounting research” might not get your blood pumping right off the bat, but the projects were really interesting and much more entertaining to put together than I initially expected. My group worked on Petróleo Brasileiro (“PBR”), a Brazilian state-owned oil company that is currently embroiled in a massive corruption scandal. Using techniques that we learned from articles we covered in Professor Zach’s class, we ran regressions on the changes in PBR’s stock price during particularly important timeframes of the corruption probe, demonstrating that much of the loss in stock value could be attributed to the fall in the price of oil rather than the corruption investigation.

Not only did this give us the chance to show off our newly developed Excel skills (side note: make sure to take the Financial Modeling elective with Oglevee if at all possible), it gave us experience using accounting research as we would in a real-world scenario. We set up our project as though we were working with the PBR legal defense team against a shareholder class-action lawsuit, and used our research to argue that shareholder damages should be significantly reduced due to the impact of oil price changes.

This was interesting not just because of the dramatic background reading on the situation in which Petrobras currently finds itself, but because the techniques we were using could (and likely will) be used in actual litigation between PBR and shareholders. Instead of simply plugging in numbers, we had to strategically pick our event windows and market indexes, anticipate questions and counter arguments, and frame our data in the most persuasive manner possible.

I don’t want to get into technical details, as I certainly wouldn’t have understood them prior to joining the MAcc program, but I will include a few pictures of the more interesting charts we created as part of the project. We used our regressions to determine the abnormal returns during several specific event windows (the difference between the actual returns and the returns that would have been expected absent the relevant corruption event): 

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As you can see, the returns during these windows were actually better than would be expected given the drop in oil prices. We also created charts to show stock returns of PBR and several other oil companies during the period as compared with the price of oil:

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We concluded that while the corruption probe had increased stock volatility, the declines were much more correlated to oil prices than to developments in the corruption probe. And although we had a few classmates who seemed skeptical of our results during the presentation, it was a lot of fun to apply what we learned in a way that could actually be used in our future careers.