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It’s that time of a term when we begin to bid on classes for the next term.
At Chicago Booth, the academic year consists of three terms and students take three-four courses per term. So, as the autumn term draws to a close, it is time to figure out the classes I want for the next (winter) term. Of course, this is Chicago and we believe in the free-markets to solve most of our conundrums; so who gets what courses is determined through an electronic stock-market like bidding system, where each student is assigned some points (“money”) and then you bid on classes.
I’m at the departure terminal of Chicago O’Hare airport, getting myself a bite to eat while waiting for my flight. Seated next to me is a US armyman, dressed in battle fatigues, perhaps between flights. There have been at least a dozen people, complete strangers, who have stopped by to shake the armyman’s hand, to say, “thank you for serving, we appreciate it”.
Imagine that – complete strangers, at a busy airport, stopping by to shake the man’s hand and to express gratitude for his service to the US. Wow! I know this is the Midwest and patriotism runs high in these lands, but this was something to experience.
Here is a remarkable story of two of my classmates at Chicago Booth – David Lieb ’10 and Jake Mintz ’10 – who started a new technology company while pursuing their MBA at Chicago Booth. Their company, “Bump” started off as a wildly successful Apple iphone application that allows users to exchange contact information easily, but is now fast morphing into a universal mode for information exchange across platforms and perhaps might even become a payment gateway for mobile devices, among other things.
The recruiting season is in full swing, and a friend of mine posted the following Facebook status, which had me in splits this morning: “I will have a Masters in Business Administration. Would you like fries with that?”
…but that’s not the whole story; will soon be putting up a very big success story about my classmates…watch this space…