GSB newswire...

Overview of current events from the past week @ GSB:

In a speech to GSB students at the Gleacher Center, Motorola CEO Ed Zander said his company looked into the possibility of buying Navteq Corp before rival Nokia struck a deal but rejected an acquisition because it wasn’t a good strategic fit. “We looked at it and went on our way,” Zander said. He called the $8.1 billion price tag for Navteq “stunning.”

University professor Steve Levitt, author of the best-seller Freakonomics, was this week's guest at the Harper Center for the Becker Brown Bag Series. He discussed the benefits of running experiments in real businesses, even if many short-sighted CEOs have historically refused to participate in what they perceive to be risky undertakings. He also shared with students his most recent study, which analyzes the economics of prostitution in the United States.

Professor Steven Kaplan was quoted in a Bloomberg article about the slowdown in buyouts. Many private equity firms are now unable or willing to leverage up as they did before, Professor Kaplan said. “Those multiples are dead … The amount of leverage they can get has gone down and will stay down,” he said in the October 1 article.

Professor Raghuram Rajan appeared on The NBC Nightly News with Brian Williams October 10 in a story about foreign investment in U.S. companies. Although some Americans may be leery of such purchases, Professor Rajan says it often makes good business sense. “People don’t spend $10 billion or $20 billion on a company just to run it into the ground or for some nefarious purpose,” he said.

Professor Rajan was also quoted in an October 6 article by The Economist about whether there needs to be more regulation of banks’ liquidity. Professor Rajan said what is needed is consistent monitoring of banks’ liquidity positions over the economic cycle. One benefit of the recent crisis, he said, is that it will provide a benchmark for assessing whether banks have enough liquidity in the future. More scrutiny may be the only way to ensure less reliance on the state.

Timothy Chen, MBA ’91, was named CEO of NBA China, a subsidiary of the National Basketball Association, according to a September 21 Forbes article. There are an estimated 300 million basketball fans in China, the article said. Previously Chen was CEO of Microsoft China.

James Kilts, MBA ’74, was elected to the board of Pfizer Inc., according to an announcement September 27. He is a founding partner of Centerview Partners, a private equity and financial advisory firm and was CEO of The Gillette Company prior to its merger with Procter and Gamble. Kilts is also chairman of Council on the Graduate School of Business, a group of executives that advise Dean Snyder on program issues and serve as a link to the business community.

Want to discuss this topic some more? Head on over to the Chicago GSB Discussion Forums

Chicago... my future home--but where?

Where to live? It’s a question that many applicants think about in deciding where to apply for business school. Whether you’re very familiar with Chicago or have never visited, housing is always a hot topic among applicants and incoming students.

At first, many incoming GSB students are under the impression that housing is simply a choice between Hyde Park and the north side (usually either downtown or Lincoln Park). While a good portion of students do choose to live either very close to campus or in the popular north side locations, some decide to tap into one of Chicago’s many other interesting neighborhoods. After all, Chicago is known as a city of diverse, rich neighborhoods, so it makes sense that the student body has equally varied tastes when it comes to housing.

Here are a few “other” neighborhoods in which GSBers live that you may not have initially thought of:


South Loop: Want proximity to school outside of Hyde Park? How about closeness to both downtown and the exciting nightlife of Gold Coast? If so, then the South Loop may be a great option for you. Not many years ago, this neighborhood just south of Grant Park was an abandoned area of railroad tracks and warehouses. Since then, it has been revitalized by a frenzy of construction: mainly high-rise and mid-rise condominium buildings with all of the amenities. Many GSB students with families have chosen to invest in buying condos in this neighborhood, while others who prefer to lease have settled in rental buildings or sublet from condo owners.

Student Ade Ifelayo said of his neighborhood: “It’s a central, or ‘compromise’ location between Hyde Park, Downtown and the Northside areas. It has easy access to public transportation—on both El and Metra lines. Driving is even better, as it’s against the flow of traffic both commutes.”

Although it still has the feel of a young, new neighborhood, the South Loop is full of everything you’d want in everyday life—from grocery stores and a huge Target, to bars and restaurants, including Ade’s favorite brunch spot, Yolk. (“It’s the best!”)


Wicker Park / Bucktown: These neighborhoods are just west of the Loop, are more affordable than some of the more central locations in the city, and offer a delightful combination of charming shops, restaurants and cafes. This area is also much more parking friendly than the rest of the city can be, which is important because public transportation to the Harper Center can be time-consuming from here. In other words, you’ll probably want a car if you make this your home.

According to second year student Christen Cuculich:

“The people in Bucktown are a little less homogenous than other areas of the city, partially due to the big arts scene in the area. There are no high-rise buildings, few chain restaurants, and you can easily walk to tons of great restaurants, coffee shops, bars, grocery stores, boutiques, music venues, the blue line, dry cleaners, and just about everything you could imagine. Beyond being home to some of the best restaurants and shopping in Chicago, Bucktown is also an ideal area for animal lovers. There are a lot of pet-friendly apartments and condos and there are multiple dog parks.”


Lakeview: This neighborhood is adjacent to the northeast part of Lincoln Park and can best be described as a comfortable, moderately-priced and easily-navigable option for your time in b-school. Families and young folks alike choose to make this their home, resulting in an interesting mix of parks, gyms, pubs and Lake Michigan.

Dru Rossbacher chose Lakeview “for its proximity to the lake, to public transportation and to a myriad of good restaurants and bars” and accessibility to everything from supermarkets to various good places to do yoga. There’s always a lot going on at night, from local bars to trendier clubs—and the chance to attend a Cubs game in nearby Wrigleyville. Dru notes that “it is considered to be one of the safest neighborhoods in the city, so I have never felt unsafe returning home from a night out.” Parking can be a problem, however, since rented spaces tend to be quite expensive and street parking is limited and can take a while, especially in the bad weeks of winter.


Hopefully, you’re beginning to realize that Chicago is a great city offering its residents a variety of living choices depending on what matters to you most. If you come to the GSB, everyone will have an opinion on where is the best place to live—just remember that, whatever it is that you want, Chicago has it.

Want to discuss this topic some more? Head on over to the Chicago GSB Discussion Forums

Campus Visit Logistics

Special note for Admitted Students: Contact your AdCom if you would like to visit campus outside of Admit Weekend. They can help us arrange your visit so that we can best meet your needs as you decide which MBA program is best for you.

Step 1: Plan your visit to Chicago GSB
Figure out the best time for you to visit the GSB. Although info sessions and tours are conducted almost every day, we highly recommend that you come when school is in session and when current students are participating in campus visit activities. This way, you can get a student’s perspective on everything from classes to student groups to where we hang out at night. Current students will have a limited role in campus visits during schools breaks (Winter, Spring and Summer) as well as during the first and last weeks of each quarter.

Check out this site for campus visit exclusion dates (no visit activities offered on these days) as well as a general schedule of events for future date ranges. For those of you that want a little more than a regular visit, be sure to check out our “GSB Live” expanded campus visit offering on the same webpage.

Step 2: Register online for your visit
When you determine the date of your visit, please inform the admissions office so we can be ready to welcome you. To do this, you can register online here. This will help us ensure that we correctly match our volunteer resources with the volume of visitors coming in each day.

Step 3: Book reservations for travel and lodging
If you an out-of-towner, you’ll probably need to fly into Chicago and stay at least one night. Visitors often ask, “Which airport should I fly into?” Chicago has two airports: O’Hare (ORD) and Midway (MDW). You can use either airport for your campus visit and both have public transportation to and from the center of the city. However, Midway is much closer to Hyde Park and that can be advantageous. For example, if you won’t have much time to make it to the airport after your visit, you should choose Midway if possible. Depending on traffic and your mode of transportation, travel times to O’Hare from Hyde Park can range from 45 minutes to 2 hours during “rush hour”. On the other hand, you can typically make it from Hyde Park to Midway in less than 45 minutes.

As for lodging, the GSB does not have any preferred hotels. However, you can find a list of frequently used hotels here. In addition, you can choose to stay at the International House on campus, which is just three blocks away from the Hyde Park Center. You can learn more about the “I-House” here.

Step 4: Getting to Hyde Park Center
There are many ways to get to campus if you’re coming from Downtown Chicago. The fastest way is to take a taxi, which you can find easily at any hotel. Just tell the cab driver that you’re headed to 5807 S. Woodlawn in Hyde Park.

Public transportation is also a great option. You can take the Metra train to within a few blocks of the HPC. You can find the Metra schedule for the train to Hyde Park here. Note: if coming from Downtown, you can board the Metra at Millennium Station, Van Buren or Roosevelt Road. You will want to exit the train at 59th Street. If you plan take the Metra, call the admissions office for walking directions from the train station.

In addition to the Metra, you can take the CTA’s #2 bus from multiple stops Downtown to 60th & Woodlawn. The HPC is only a two-block walk to the north. You can find the schedule for the #2 bus here.

If you intend to drive, you can find directions here. You will need about 20 minutes to drive from Downtown, and longer if you’re staying further north. Also, give yourself ample time to find a parking spot since parking can be difficult around the HPC. If all else fails, park in the UofC visitors pay lot on 55th St. and Ellis Ave and then walk to the HPC (it will take about 10 minutes).

Step 5: Enjoy your visit!
Ask lots of questions and take in the entire GSB experience! Be sure to sign in at the Admissions Office when you arrive.

Step 6: Getting back to the airport or your hotel
If you’re low on time and need to go to either airport right after your visit, your best bet is to take a cab. You can call ahead and reserve a taxi through most taxi services. While we don’t endorse any cab company, the easiest number for me to remember is Yellow Taxi: (312) T-A-X-I-C-A-B. You can also ask the admissions receptionists to help you contact a cab company. Cab rides to the airport will be expensive, but they are usually the quickest, most direct mode of transportation. See the travel times in Step 3 for estimates on when you should have your taxi pick you up.

If you have time, feel free to explore Hyde Park on foot or head back up to Hyde Park via any of the previously mentioned public transportation options.

Step 7: Give us feedback
We rely on feedback from our campus visitors to help us continually improve the program. You can post suggestions on our web forum (http://www.chicagogsb.edu/fulltime/forums), e-mail the admissions team (admissions@chicagogsb.edu) or contact any of the student volunteers you meet during your visit.

Best of luck to all of you!

Want to discuss this topic some more? Head on over to the Chicago GSB Discussion Forums

New DSAC Co-Chairs

Our blog has been quiet as we have been busy finishing up with Round 2 applications and winter quarter finals. Before we head out for spring break (with destinations like Costa Rica, Dominican Republic, Florida, etc.), we want to announce the people who will be taking over for us soon. Congratulations to the new DSAC Co-Chairs:

• Victor Burga
• Martina Dimova
• Teresa Erickson
• Denise Jaeschke
• Natalie Nussenbaum
• Saurabh Sharma
• Sabrina Thong

We'll begin transitioning our jobs shortly after spring break. Stay tuned for new voices here at the DSAC blog!

Want to discuss this topic some more? Head on over to the Chicago GSB Discussion Forums

Decisions, decisions

We all get questions on why we chose Chicago GSB over other programs, and we all have our own answers to that question. When the time comes for you to decide which MBA program to join, the best thing you can do is talk to as many current students as possible and really take a close look at what the different programs offer. Attend Admit Weekend if possible. Choose a program that is the best fit for you, based on the aspects that matter the most to you.

One applicant for the Class of 2009 recently made an entry to his blog describing his decision between LBS and Chicago GSB. His decision process may help you through your your decision process.

Want to discuss this topic some more? Head on over to the Chicago GSB Discussion Forums

Welcome!

You've stumbled upon the blog of the Chicago GSB Dean's Student Admissions Committee. We've put together this blog as an additional resource for prospective students. This blog will be completely student run. You'll see posts from DSAC co-chairs, members, graduate assistants, and other GSB students. Topics and information you find here will include on and off campus events, the application process, interviews, GSB news, alumni news, etc. We hope you find this to be a helpful resource. If you have questions or comments, you can reach us via the GSB Discussion Forums.