Give Me Double Entry!!!!!

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....

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

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...

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!

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

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

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

3. Submit your Offer Acceptance Form - Done

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

6. Confirm acceptance of your college place - Done

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

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

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

10. Pay the balance of your fees - Done.....I now qualify for bankruptcy protection
11. 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

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!

'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....