Raising the MBA profile
Bringing Indian IT specialists to UB helps M&T, university
By JOHN
DELLA CONTRADA
Contributing Editor
Ten
information-technology professionals from India, recruited for the UB
MBA program with the assistance of M&T Bank, are helping the bank implement
new IT applications while boosting the academic profile of the MBA program.
The
studentsrecruited by representatives from M&T Bank and the School
of Management during a three-day trip to India last yearare working
on various IT projects for M&T as graduate assistants at the School
of Management and will have paid internships at M&T this summer. In
exchange, the students are receiving M&T-funded scholarships to the
two-year MBA program and are scheduled to graduate next spring.
The
students were selected from among more than 500 applicants after a lengthy
interview in India, and based on their scores on a rigorous IT-competency
exam administered by M&T and on the Graduate Management Admissions Test,
required for entrance to the UB MBA program.
Their
recruitment underscores the School of Management's efforts to enroll
highly qualified students who possess work experience in areas valued
by corporate recruiters, like information technology. By doing so, the
school hopes to entice more corporate recruiters to campus and raise
its profile with publications, such as Business Week and The
Wall Street Journal, that rank the best business schools in the
United States.
"It's
a win-win-win situation," explained Daniel Boscarino, administrative
vice president of human resources at M&T Bank, who interviewed the students
in India last February, along with Christopher Tolomeo, M&T's administrative
vice president for information technology, and Lewis Mandell, professor
of finance and managerial economics and former dean at the School of
Management.
"M&T
gains the assistance of some very talented students, the students gain
an excellent education and high-level exposure to the U.S. business
environment, and the School of Management enrolls high-caliber students
who help it achieve its recruitment goals," Boscarino added.
H.R.
Rao, professor of management science and systems, supervises the students
and monitors their progress on projects, along with representatives
from M&T. According to Rao, the students work on projects after class
in a computer lab specially equipped for their assignments. He said
M&T's total contribution to the effort includes funding for hardware
and software costs, 10 two-year scholarships and 10 paid summer internships.
"These
students have been a welcome addition to the School of Management,"
Rao says. "Without the assistance of M&T, most of them would not have
applied to UB nor gained this level of education and experience."
Gaurav
Patankar, for example, was recruited from Mumbai, India, where he worked
as an implementation specialist for a company that provides cash-management
support for multinational banks. As a UB MBA student, he's developing
a system for streamlining online applications generated by M&T corporate
customers. He hopes to pursue a career in product management and operations,
possibly at M&T, after graduating next year.
"This
is the type of situation I could only dream for in India," said Patankar,
24. "I'm working on very interesting projects and getting excellent
field exposure to U.S. business practices and corporate culture at M&T."
Fellow
student Hemant Padmanabhan, 23, was recruited from the technology-outsourcing
company Syntel, Inc. in Mumbai, where he led a team of 11 software developers.
He's working with M&T managers to develop a system for online submittal,
approval and processing of various personnel forms, which should create
a substantial cost savings for the bank
"In
my line of work, you need to develop business skills to go along with
technical skills if you want to further your career," Padmanabhan says.
"This is a great opportunity to get an all-around business education
while doing some interesting work for a well-known U.S. company."
In
addition to these projects, the students are working on three others
with the bank: an analysis of wireless security systems for wireless
banking applications, improving the application system for indirect
loans and implementation of a new operating system for the bank's internal
computer network.