University of Rochester – Simon School of Business Student Report Name of the University: Simon Graduate School of Business Exchange semester: Fall / Spring, 2013 . I. PRACTICAL INFORMATION Before leaving Norway - Nathan Kadar, responsible for the exchange students, is a great resource you should use to the fullest. He provided information in a timely matter, and respondes quickly to any questions or concerns you may have. Begin the process of finding housing before you leave – short-term rentals are difficult to find! Applying for a visa (if applicable) - Application through the US embassy in Oslo – begin the process early! Once you have all of the required documentation, the actual “interview” at the embassy is extremely quick (2 min talk). Be at the embassy at least an hour before it opens if you schedule an early interview, the line can become crazy! Travel - Many options, but I found it to be cheapest to fly with Norwegian to JFK, and then take a train from NYC to Rochester (approx. 6 hours). For domestic flights withing the US, Jetblue is a good option (one way from JFK to Rochester International Airport costs approx. $150). Housing - The only “on-campus” option is short-term rental studios at Goler. Goler is primarily inhabited by graduate students and visiting professors, so do not be concerned about endless parties. However, my apartment did not have a kitchen (only a microwave and a small refridgerator). All in all, however, I would recommend Goler due to its ease, location (10 min walk from campus), and price (approx $600 a month). For offcampus options, see previous student reports. Note, limited availability, so you need to apply well in advance to enter in a lottery to get a studio! Costs Rent Books Food Transport Other NOK 3000 NOK 1000 NOK 5000 NOK 0 NOK 0 Culture and language - Communication in English. Experience the country at will – but note that there are weekly assignments, so traveling to e.g., NYC is a challenge during the semester due to all of the group meetings you most likely will have. University of Rochester – Simon School of Business II. ABOUT THE SCHOOL Simon is one of the top business schools in the USA. With approximately 300 students in the MBA/MS programs, the Simon School is small in size compared to most other American Business Schools. Further on, Simon has an internationally diverse student population, with approximately 50% being Chineese. The great focus on team-study approaches and creative business problem solving exposes Simon students to enriching interaction with faculty and fellow students. The school is located at the UofR’s River Campus, a couple of miles south east of downtown Rochester, and I would not described the environment as very urban. Overall, the reading material is less than at BI. However, Simon requires weekly assignments and frequent other reports, presentations etc, so the workload is heavy if you want good results. Students are also required to participate in class discussions. Course registration - Preliminary registration before departure, but possible to switch until 1. October. Note that the most popular courses become full within hours when registration begins, so be proactive. Also note that Simon is primarily a school for students interested in finance, and not marketing. Options for electing e.g., marketing courses is highly limited! Check out offered courses before applying to Simon! Academic calendar Arrival date: First day of the semester: Last day of classes: Examination period: Any special events/holidays: September 18th. November 28th December 2th – 6th Thanksgiving end of Oct Other: Arrival - A tour of the campus with your fellow exchange students before classes start, and an orientation day with Nathan Kadar and other exchange students. Arrive in Rochester at least one week in advance to settle in. The International Office - Most information readily available. Do not be afraid to ask! Promoting BI and Norway - Unfortunately, there were no event for promoting international opportunities at BI, so my promotion primarily related to personal communication with my peers. Social activities - As Simon is a highly international school, creating relationships with fellow students was pretty easy. However, it should be noted that the school does not have a strong “school spirit,” and some may find students to be somewhat “clicky.” Be proactive, attend social events, which there are many of, and most will find the Simon experience to be a pleasant one. As exchange students primarily are enrolled in MBA courses with part-time students with full-time jobs, getting to know full-time students is challenging. However, there are tons of student clubs that one can join, which is a good way to get to know full-time students. University of Rochester – Simon School of Business III. ACADEMICS In the classroom - Extremely practical, and cannot be compared to the style you are familiar with at BI. Almost no required academic articles, and limited use of the textbooks. The curriculum is limited to what you go through in the classroom. Although the workload is comparable to BI, the level of difficulty (at least based on my experience) is far below that of BI, due to the schools emphasis on practical knowledge and logical thinking. Course materials - Mostly slides, but all courses have textbooks that are recommened. Due to the limited use of the textbook, I would not recommend buying all of the textbooks. The library offers all textbooks for two-hour loans, and you are free to scan the relevant pages you need. Exams - The exam was primarily based on the lectures, so spend most of your time on understanding the slides and be present in all lectures. Oral participation is important. Be prepared to tons of group meetings, and the difficulties associated with scheduling meetings with many different groups (This really requires plannining ahead). Most of the workload at Simon is associated with these group assignments. Studying for the midterm and exams cannot be compared to BI – memorization is not required, so you only really need a couple of days to prepare. Library and technology - The library is a great resource, and their collection is massive. In the 2nd floor they have a room dedicated to graduate students that is somewhat of a hidden gem. Great for reading. Description of courses ENT 422 Generating and Screening Entreprenuiral Ideas An OK class, but expect plenty of educated guessing and approximation. In retrospect, I cannot say that I learned anything useful or even in general, but it was a relatively easy course with mid-to-low work load (which your really need as taking 4 courses is challenging a is associated with a high workload). No exam, but numerous hand-ins, and a final presentation of a project you work with throughout the semester. I would not recommend this course. MKT 414 Pricing Policies Pricing policies was probably the best course I had at Simon, and is highly recommended! The professor (Richard Cardot) was extremely pleasant, so the lectures were great. The workload is medium-to-high, but as a student you learn a lot. The grade is based on 10% class participation, group homework assignments 30%, midterm 30%, and final exam 30%. Word of advice, the solution to the homeworks are never as easy as you may think! MKT 402 Marketing Management University of Rochester – Simon School of Business This is Simon’s introduction to marketing, and is as such basic in nature. Although my concentration is in Marketing, this turned out to be the most work-intensive course at Simon. 4 hand-ins (10 pages each), oral participation, midterm and an exam. Do not expect to employ your marketing theory from BI, the professor expects you to employ logical thinking and his own multiattribute model (which all assignments relates to). Do not deviate from his course lectures! This course cannot be recommended to anybody that has taken a marketing course at BI. Although it does offer a different perspective to the highly theortically driven perspective of BI, the high work-load and learning outcome cannot defend enrolling in this course. OMG 416 Project Management This course did not live up to my expectations, primarily due to the professor who practically read off his own slides (although he responded to questions). The workload was medium to high, with weekly hand-ins, a term paper (5-8 pages) and a 10 minute (!) exam. The learning outcome was not very high at all, I cannot recommend this course. Summary Do not expect to live in an urban area – Rochester is a very small city, and I would not even compare it with Oslo. All in all, I cannot recommend Simon for students enrolled in the MSc Strategic Marketing Management due to the highly limited offering of cources in Marketing. Although the workload was very high, the learning outcome has been far below what I expected. However, if your concentration is in finance, or if you find finance interesting, Simon should be considered. From a social point of view, Simon and Rochester is like any other place – it is what you make of it.