MBA Candidate 2010
Full-time Student
Concentration(s): Entrepreneurship
Industry/Field of Work: Marketing
Undergraduate Degree: Hispanic Studies
Undergraduate Institution:McGill University
Career Goal: Start my own business
Club or Committee Involvement: Student Ambassador, WIN, MBAA Marketing Chair, UIC Hillel
E-mail: lauraklibanow@gmail.com
Why did you return to school to obtain your MBA?
While I was living in Tel Aviv, Israel I decided to start my own business. I spent nearly six months developing my idea into a business plan. While every task was complicated, conducting my research and communications in Hebrew presented a unique challenge. Once I acquired some financial backing, I decided to leave my job and pursue the venture full-time. As the planning process progressed, it became apparent that while the concept was sound, my lack of experience and inadequate financial backing would make its execution extremely difficult. I found I would need to simultaneously take on multiple roles, but I lacked the expertise to perform all these functions on my own, and did not have the sufficient resources to hire additional employees.
Despite all the time, effort, and emotional resources I invested, it became increasingly clear that it would be a mistake to continue with the plan. One of the key reasons I decided to pursue an MBA is because it will provide me with the tools to succeed in future entrepreneurial ventures. I have confidence that when the next opportunity presents itself, I will be ready to capitalize on it.
What were the most important factors for you when choosing an MBA program?
ROI. When I was choosing an MBA program, I wanted one that would provide me with a valuable education and at the same time, not saddle myself in loans post- graduation. In addition, I wanted a school that would provide me opportunities in the long-term.
We all know that people pursue an MBA to increase their business knowledge. Since starting the UIC Liautaud MBA program, what has been the most unexpected gain the experience has given you?
Networking opportunities. I make a concerted effort to attend all events that seem interesting to me. Through these events, I have connected with individuals who have opened my mind to new opportunities.
Which course or professor has been your favorite thus far and why?
I took Organizational Behavior in Dr. Barlow’s class with the CMBA students. There were students from Taiwan and China on my management group project team whom I had the opportunity to work closely with. I learned a lot about their cultures and I hope I can visit them one day soon in their home countries. This summer I am participating in the “Doing Business in Brazil Program” in Sao Paulo. Although the program hasn’t yet begun, I already know it will be fantastic.
What is your favorite aspect of the UIC Liautaud MBA program or the Liautaud Graduate School of Business?
UIC Liautaud offers the opportunity to meet students from both diverse cultural and professional backgrounds. Every individual brings a unique element to the student body. The faculty and staff are helpful, extremely down to earth, and very approachable. They want students to succeed. In addition, the backdrop of metropolitan Chicago provides a perfect environment for students with numerous opportunities.
If you were to come up with a tagline for the Liautaud MBA, what would it be?
"Adding value to your career and your life."
What advice would you provide to incoming UIC Liautaud MBA students?
Take advantage of all opportunities to get involved beyond the classroom. There are many important speakers and events available to students. Don’t be afraid to reach out to these individuals.
