AFTER BOOTH SCHOOL OF BUSINESS AT THE UNIVERSITY OF CHICAGO
This is the 4th part of an interview with Huei Jang, a Chicago Booth Alumni and currently an entrepreneur – he’s a managing director at Empire Biscuit, a 24-hour southern biscuit place in NYC. prior to that he was an Investment Banker at UBS. He also holds a BA from the University of California, Los Angeles and is licensed as a Certified Public Accountant in the State of New York. This is the 4th part of the interview with Huei.
How do you feel your degree will continue to serve you in the future?
The network. Over time that only becomes more important because the world around you changes. What you learned in the classroom is now different, what was cutting edge is now blunt, and your ability to adapt may slow down a bit. But having people on your team that can act as experts and advisors in various fields as they have kept up or maybe even defined the new horizons, is incredibly critical to keeping up with progress—at least professionally.
For someone looking to make a career change, how would an MBA help them achieve their goals?
I am going to confine my answer to how an MBA helps you achieve your short-term goals. If you fall into a more traditional camp (banking, consulting, corporation finance, marketing), everything is pretty much laid out for you. You just have to show up, not say anything too stupid, and probability is on your side. If a certain company that you would like to work for does not come to campus, having that MBA-student calling card rarely receives a cold response (there are a few exceptions, i.e., venture capital if you do not attend Stanford). And if you are looking to start your own enterprise, your best partners, advisors, and customers go to school with you.
What were some of your concerns going into the program?
I had almost none. And I think for most programs, depending on how you view your personal finances, the greatest concern you should ever have is the cost of the program (both incremental and opportunity costs).
Is there anything you would have done differently? (activities, classes, internship, etc)
I have very few regrets, but thinking back now that I am slightly wiser and more mature, I would have behaved more in a way that would have afforded me more flexibility in the future. One practical example: I would have saved more of my signing bonus so that I could more nimbly move out of banking without worrying about having to get those year-end bonuses.
Also, if I could go back and do things over again, I would have tried to take more entrepreneurship coursework and not bothered getting a (to me) useless Accounting concentration; I was already a CPA.
Read more stories about MBA students and their journeys:
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