The global immersion is back and in full swing! Olin’s MBA Class of ’24 kicked off their six-week global immersion program in Washington, DC, last week.
They met with policymakers and industry professionals at the Brookings Institution while completing their Global Institutions and Values class, taught by Professors Trish Gorman and Sharon James. The course is designed to give students unique access to experts on global issues through Olin’s partnership with the Brookings Institution, one of the world’s leading think tanks and policy centers.
At WashU at Brookings, students were treated to guest lectures by leaders from the Center for European Policy Analysis, American Enterprise Institute, Refugees International and more.
Students made the most of their trip, visiting the National Mall for a monument tour, browsing through museums to gain relevant knowledge for their team projects and walking through historic Georgetown. The week culminated in the presentation of individual assignments — specifically, access and identify components of an effective COVID-19 policy that incorporates public health as well as business interests.
The global immersion is now truly global: Students landed in Barcelona, Spain, on Sunday, July 17, and will travel to Paris and Santiago, Chile, before heading back to St. Louis to begin the fall semester.
The return to a sense of normalcy and traditional in-person events continued in late April as more than 90 PMBA students arrived in Washington, DC, for their two-day residency at the Brookings Institution.
Students arrived for the trip in time for dinner on April 27 and spent the next two days in conversation with noted political insiders, media experts and policy wonks—all in service of connecting the dots between business, government and policy.
“We spend so much of our time optimizing our market strategy, but there are so many other factors at play,” said Archie Karanwal, PMBA class 48, a product owner at Edward Jones. He said the Brookings residency was a great opportunity to gain an understanding of some of those other factors.
Indeed, the trip is a manifestation of Dean Mark P. Taylor’s oft-stated desire that every WashU Olin student have a Brookings experience during their time. The April residency included students from four different PMBA cohorts: classes 46, 48, 49 and 50. The two-day visit even included an evening tour of DC monuments among the activities on April 28 and 29.
Ian Dubin, associate dean and managing director for WashU at Brookings, exhorted the students to bring their own experiences and professional work with them as they listened to and engaged with the speakers, who covered topics including cyber-security, the government regulatory process and Congress.
“It’s not all like cable news here in Washington, where people are yelling at each other all the time, believe it or not,” Dubin said.
Speakers included Ron Christie, CEO of Christie Strategies and former deputy assistant to the vice president for domestic policy under Dick Cheney, who shed light on the more subtle interactions that occur among policy makers and elected officials—and who reinforced the importance for business leaders of understanding that process.
Those connections were not lost on Kelsey Wortmann, PMBA 49, a product planner at Emerson. “I hadn’t realized how actual work gets done in Washington. I never really thought before about how easy it is to make connections.”
Other speakers included:
Michael Fitzpatrick, director of global strategy and innovation, Google; former associate administrator, Office of Information and Regulatory Affairs, Office of Management and Budget
Jim Papa, senior vice president and managing director, Global Strategy Group; host of Staffer podcast; former special assistant to the president for legislative affairs; former House and Senate senior staffer
Susan Page, author and Washington bureau chief, USA Today
Steven Chabinsky, former deputy assistant director, cyber division, FBI
Hon. Albert Wynn (D-MD), senior director, Greenberg Traurig LLP; former member, energy and commerce committee, US House of Representatives
An assortment of foreign policy experts.
Pictured at top: Kelsey Wortmann, PMBA 49 (with book), asked a question of Ron Christie (on screen, left) during the 90 students’ visit to DC for a two-day residency at the Brookings Institution.
Do you believe the company you work for cares about you? Do you feel you have a purpose at work?
“Sixty percent of employees express a need for purpose at work,” Anjan Thakor, Olin’s John E. Simon Professor of Finance, said during a recent Business Research Series event. “But they don’t get it at work.”
In addition, “88% of employees in US companies feel that the company they work for does not care for them,” Thakor said in his March 3 virtual presentation titled “How Can You Create a Purpose-Driven Organization?”
“Everybody hungers for purpose.”
The answer lies in organizations’ embracing an authentic higher purpose, he said, with the higher purpose as the “arbiter of all decisions.”
This election year, WashU Olin students, faculty and staff are making values-based, data-driven decisions as they vote early, vote in person or return their absentee ballots. Our community is driven by the desire to change the world, for good, by voting with their values and researching what’s on the ballot.
For some in our community, this election was their first. Kristy Chan, EMBA advisor, shared that she was “excited to vote for the first time as an American citizen!” Others waited in long election day lines, volunteered at the polls or helped to get out the vote.
Check out scenes from WashU Olin’s community of values-based, data-driven voters.
Katherine Dudley, BSBA ’22, is a Wood Scholarship recipient, part of Olin’s Scholars in Business Program. This year, Howard and Marilyn Wood have generously committed to match all new and increased gifts and multi-year pledge payments for undergraduate and graduate scholarships—up to a total of $400,000, through June 30, 2021. Dudley shares how the Wood Scholarship has impacted her studies.
I remember my first visit to Washington University. When I walked on campus I just knew this school was the best fit for me.
I remember telling my mom on the campus tour, “This is it. This is where I have to go to school. I love everything about it. It’s perfect.”
My mind buzzing with possibility, I started working on my application the day I got back home. I applied early decision, which meant that I checked my email obsessively throughout the beginning December, hoping with my whole my heart that WashU would welcome me to its freshman class.
There was one day, though, that I did not check my email. It had been a busier day than usual, and my dad took one of my three sisters and me to watch a collegiate volleyball game. We arrived home to the house decorated with red and green balloons and streamers: My mom had seen the news of my acceptance to the school of my dreams. My future never felt brighter!
Then came the tough part. How could my family possibly afford to send me to WashU?
I am the oldest of four girls, and I grew up rarely seeing my dad due to his ever-changing, chaotic work schedule. He was always there for me—and when it came to my education, he said, “That school is worth every penny of the tuition. If she can get in, I’ll make it work. I’ll add shifts, I’ll do whatever it takes because Olin is worth it, and so is Kat’s future.”
For me, to hear his response now fills me with joy that my dad was so proud and loved me so much that he was willing to add to his work load. Yet, hearing his response also adds new perspective. Extra shifts would mean that he would be away from my mom and sisters even more than he already is.
With my family and future at Olin in mind, I got to work writing essays for scholarships. I applied for each of the five scholarships available to Olin students. And in the same way the news of my acceptance to WashU became an unforgettable moment, Dean Malter’s phone call to personally tell me he loved my essay changed my life once again. In my essay I had written about my experience with Athleta, a national athleisure fashion company, and the nonprofit that I started in my hometown called Koats4Kids. Both experiences reflected my passion for helping kids and teens through clothing.
I was on the treadmill completing a track workout at the local rec center when my mom ran over shouting, “Kat, Kat, Dean Malter is on the phone!” I immediately pulled the emergency treadmill cord, jumped off, grabbed the phone and ran to the empty dance room to find some quiet.
Breathing heavily and drenched in sweat, my heart felt like it was going to explode out of my chest from nervous excitement. My mind was spinning. Dean Malter shared that Olin would like to offer me a full-ride scholarship.
In shock, my legs gave out from under me and I collapsed into a crouched position. I turned to my mom and with tears in my eyes mouthed, “full-ride.” And I can honestly say I don’t remember much of what happened right after that because I was so happy and excited that I just started to laugh and cry, and I think I remember my mom cheering and crying too. The best part of this story was telling my dad, who has been my biggest supporter and has made so many sacrifices for my family and me.
The Wood Scholarship has given me the gift of time and focus. Without the pressure to find part-time work, I have been able to commit myself wholeheartedly to academics, track and leadership roles at Olin. I will be able to study abroad, represent Olin as a rising intern and engage fully in all of the opportunities Olin provides outside of the classroom. The college experience I have dreamed of is now possible because of the generosity of the Wood family. My family’s and my profound gratitude for the Wood Scholarship is matched by our pride as a WashU family.
I am also grateful for my growing relationship with Mr. and Mrs. Wood. Their generosity continues to change the lives of students like me. In later years, when I am a successful Olin alumna, I will pay the Wood’s kindness forward, with the goal of impacting the lives of future Olin students, just as the Woods have forever changed mine.
About Howard Wood
Howard Wood, BSBA ’61, grew up in the lead mining community of Bonne Terre, Missouri, just sixty miles south of St. Louis. His parents, both schoolteachers, wanted him to attend college, but they did not have the financial means to support his education. Howard and his brother, Donald Wood, BSBA ’66, received scholarships from Henry Day, president of a mining and manufacturing business in Bonne Terre.
After graduating from Olin, he went on to have a successful accounting career at Arthur Andersen & Co., quickly rising through the ranks. Switching gears, he took on the roles
of CFO and CEO of Cencom Cable Television before co-founding two telecommunications companies, Charter Communications Inc. and Cequel III LLC.
Howard has been a champion of WashU Olin Business School for decades. Since 1995, Howard has served in leadership roles for the Olin Alumni Association and Olin National Council. In 1998, he established the Wood Leadership Fellows Program, which evolved into the Wood Scholars Program in 2016. Wood Scholars receive significant awards to attend Olin each year.
Howard also served on the Washington University Board of Trustees beginning
in 2000 and was named an emeritus trustee in 2011. He has been heavily involved in the success of the university and Olin and hopes to ensure a bright future for even more students through this challenge.