Hult Alumni Magazine Issue 1 | Page 10

ALUMNI SPOTLIGHT HULT NEWS Hult Charts New Territory in NY & São Paulo How Knowing Nothing Can Mean Everything... This year we will be expanding Hult locations to include two new centers in two exciting global centers: São Paulo, Brazil and New York, USA. Read the thoughts of Alex Mason, MBA Class of 2011 and Founder of Globify.me, on entrepreneurship; the highs, the lows, the good, the bad, and everything in between! In São Paulo, Hult is partnering with Fundação Dom Cabral (FDC) to offer students the same Hult hands-on business education in this booming BRIC economy. The Brazilian Hult Alumni Chapter is now up and running, and looking forward to welcoming the new rotation candidates that will be arriving in June 2013. Were you involved in any entrepreneurial activities at Hult? In New York, Hult is partnering with Cooper Union to welcome Hult students to the city that never sleeps. This partnership will put our students right in the heart of Manhattan, with easy access to some of the city’s most renowned destinations such as the Empire State Building, Times Square, Wall Street, Fifth Avenue, and Central Park. In other news, Hult Dubai has relocated to a brand-new, centrally located campus in Internet City. The new location is a welcome change that puts Hult right in the heart of Dubai next to companies such as Microsoft, Google, Yahoo, Intel, and Cisco, among other Fortune 500 companies. Hult’s inaugural campus in Boston will be undergoing major reconstruction, as it is expanding to include the remainder of its current building in 2014. This offers an incredible branding opportunity for Hult as well as increased capacity and facilities for Hult students and alumni. Hult Climbs Once Again in the Financial Times Global MBA Rankings Released on January 28th, Hult jumped eight places to number 57 in the Financial Times Global MBA 2013 rankings. This means that Hult has leapt 37 places in the last three years alone. Reflecting Hult’s truly international focus, the rankings also place Hult in the Top Ten for International Business, International Experience, and International Mobility. Hult’s Average Alumni Salary three years after graduation has also grown by around 14%, putting Hult in the Top 50 schools in this category. Hult remains 21st best business school in the U.S. and 31st in the world in The Economist 2012 rankings which are released annually in October. These improvements are a fantastic reflection of the hard work of everyone in the Hult community, which includes all our alumni. So thanks everyone for helping the school go from strength to strength. Financial Times Global MBA rankings 94 2010 10 93 92 91 90 89 88 87 86 85 84 83 82 81 80 79 78 77 76 75 74 73 72 71 70 69 68 67 66 65 64 63 62 61 60 59 58 57 2013 Hult had a significant impact on my entrepreneurial activities. Although I’d worked for many years, being back at school really influenced my decision to chase my dreams. I always knew I would become an entrepreneur but never made the sacrifices to pursue it. Being in an environment where new ideas were being thought up and within a larger entrepreneurial ecosystem allowed me to reflect on what I was capable of and how I wanted to invest my time moving forward. “ he biggest lesson I T learned was that I didn’t know anything!” you connect with people through a new idea. It’s interesting to see how people react to your projects depending on how much they relate to it. The more exciting and understandable the idea, the more willing they are to help and share their resources. I want to specifically thank Larry Louie, James Forcier, and Wahyd Vannoni for their help. On the Hult GEN side, I would not have been able to even get started without having been to Hult. If we couldn’t have used the Hult name, it would have been a non-event. What are the biggest lessons you’ve learned since becoming an entrepreneur? What one piece of advice would you give to aspiring entrepreneurs? The biggest lesson I learned was that I didn’t know anything! I’d worked in business for years and it didn’t really help much when building a startup. My best tip is to not waste your time on a business plan until you have talked to a lot of potential customers to understand their pain points and find out what they are willing to pay money for. If you are not willing to commit to your project and make sacrifices then don’t waste your time. Be honest with yourself, there is no such thing as an overnight success. Starting a business is really hard, so if you are not willing to do what it takes then save yourself and the people that you are working with the time and stress. If you are willing to make the commitment then put yourself as close to your support system as possible, you won’t be able to do it alone. 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