Meet Peter Lin, MBA 2016

19 October 2016

Tell us a little bit about yourself and your professional work experience before joining the UTEP MBA program.

As an Optometrist, I have the privilege of improving eye health in our community by working at a local hospital. Prior to my current appointment, I served in the military in a variety of administrative, clinical, advisory, and tactical roles both in the states and abroad. Before becoming a proud UTEP Miner, I was a Bruin at the University of California, Los Angeles, majoring in Microbiology for my undergraduate degree and going on to the State University of New York for my professional degree.

What drove you to seek an MBA?

I wanted to be a better asset to my department and develop leadership skills and paradigms. Learning the technical knowledge, critical thinking, and problem solving skills is vital for my continued development as a clinician, employee, and as a person. It was a priority of mine to learn business concepts in order to fully capitalize on my past work and leadership experiences. In addition, I expected the UTEP MBA program to challenge many of my current management practices by being in a diverse class with backgrounds from all sectors of El Paso’s economy.

How has the UTEP MBA helped you in your profession?

The UTEP MBA has given me the technical tools to understand and provide input in more facets of my job. It is easier to see hospital operations from multiple viewpoints and focus on solutions models that address all parties. It was difficult for me as a healthcare provider to understand some of the financial decisions that have to be made and I thank Dr. Wei for demystifying the various financial metrics, requirements, and planning required for a successful department. All the instructors provided valuable elements of business applicable to all sectors. Personally, Mr. Carrillo’s emphasis on logic and ethical tools and Mr. Blazquez’s model of business aspiration and obligation to society sets the foundation for my future enterprises.

Do you anticipate a promotion or career change now that you have completed your MBA?

While the MBA has given me the tools to focus more on the business aspect of healthcare, it is difficult for me to give up direct patient care. I hope to enact change from within from my current position using the skills I obtained from the UTEP MBA program.

What would you tell people considering the UTEP AMBA program?

Regardless of your background, you can succeed at both an academic and, more importantly, personal level. The classes provide more questions than answers, forcing you to work through complex business cases so that you are prepared for dealing with business problems in your workplace. The cohort system forces unique perspectives and solutions to be considered, creating a dynamic learning environment that will challenge you to leave your comfort zone. The UTEP AMBA is a great format because it allows you to apply your new skills immediately in your real world scenarios (in my case 10 hours later!) as well as provide an intense forum for formulating one’s own business philosophy. The instructors provide a proper mix of time tested theory along with current management issues to not merely instruct but encourage you to revisit your core beliefs, create your own frameworks, and prepare you for the ever evolving business world.


UTEP Corporate Engagement Teams Present to Enterprise Partner Executives

2 July 2015

Stanley Black and Decker

In continuation of the College of Business' successful partnership with Stanley Black and Decker and its DeWALT division, four students from UTEP's Full Time MBA program were in Towson, Maryland to present the results of their Corporate Engagement Project findings to SB&D management at its corporate headquarters. The students were Stephanie Herrera, Marie-Therese Joyce, Alfredo Arce, and Diego Capeletti. They were accompanied by Bill Conwell, Director of the Corporate Engagement Project. The CEP team's project focused upon research and analysis of marketing efforts and expenditures related to a new product launch for DeWALT along with recommendations for improvements in messaging effectiveness.

The DeWALT executives attending the presentation included the Director of Marketing, the Director of Product Management, as well as various brand, product, and channel managers. The product of the CEP team's work was well received ("they over-delivered in their expected deliverables") and raised interest from other areas of the company in regards to possible future corporate engagements. Several positive comments from the SB&D organization focused upon the professionalism, enthusiasm, and confidence displayed by the UTEP team.

The UTEP team was also provided an overview of Stanley Black and Decker's corporate history, diverse product lines, and overall structure.

Coca Cola

Coca Cola Refreshments in Dallas, Texas hosted a UTEP Corporate Engagement Project team consisting of Alejandra Leon, Neyda Reed, and Will Osolinsky. The team had been working with Coca Cola resources to develop a response to a Request for Proposal to Coca Cola from a potential quick serve restaurant national account.

During the course of the project, the UTEP team interfaced with Coca Cola resources from the Food Services, Marketing and Sales functions. The presentation offered the student team the opportunity to share the results of their work with Coca Cola executives including the General Manager of Coca Cola Refreshments South Division and the VP of Sales for Food Service On-Premise for the South Division. Other attendees from Coca Cola included executives for sales accounts, account development, marketing, and channel planning and development.

Feedback from the Coca Cola audience centered upon how impressed they were with the work performed by the UTEP students as well as the professionalism exhibited in their presentation to the Dallas headquarters personnel.

Following the presentation, the UTEP team was Coca Cola's guest at Top Golf in Allen, Texas (see photo) where there was a chance to network on a more casual basis.

The feedback from Coca Cola is that there is an interest to continue to work together with UTEP's Corporate Engagement Project in the future as well.

Anyone interested in more information regarding the CEP can contact William Conwell at 915-747-7719 or at wjconwell@utep.edu.




Mentorships Matter to UTEP’s Business Students

5 December 2014

UTEP News Service / Lisa Y. Garibay

Araceli VegaBefore enrolling in the M.B.A. program at The University of Texas at El Paso, Sandro Quintero worked as an engineer for a German company, where he saw how his German counterparts had built their careers from an early age, including an apprenticeship phase under experienced professionals. Seeing how effective this approach was, Quintero sought a comparable opportunity offered by UTEP after enrolling.

Luckily, the College of Business Administration (COBA) had just launched a mentorship program tailored to students like Quintero. This initiative by COBA offers a select group of business and corporate leaders the opportunity to participate in the continued development of current M.B.A. students and new alumni. Mentees receive a real-world perspective of the fast-paced and highly competitive business marketplace.

Launched in September 2013, the pilot program took place throughout the semester. Seven pairs of mentees and mentors were matched up.

“Two of the mentees were offered further internships from their mentor during or after the program and four out of the seven pairs decided to continue their mentor/mentee relationship independently after the semester for the program officially ended,” said Krista L. Snow from COBA’s alumni and external relations office.

The next semester, the number of applicants tripled. The second round was launched with 10 new pairs in keeping with the program’s goal to grow slowly so as to allow for high quality and ensure its sustainability for the long run.

After the 2013-14 program year, Snow and her team spent the summer restructuring and making changes based on the feedback received during the first semesters. The revamp launched in early September 2014 with 22 pairs, including Quintero. While mainly focused on M.B.A. students, both full-time and accelerated, three economics master’s students and three recent alumni participated as well.

“We could not be more pleased with the early successes of our mentorship program and we look forward to its future as this college and UTEP change the face and the pace of business student education and student development,” said Robert Nachtmann, D.B.A., dean of the College of Business Administration.

The COBA Alumni Chapter, which is managed by Snow and the chapter’s Board of Directors, kicked off the program. Bob Wingo – president and CEO of Sanders\Wingo Advertising and a COBA Gold Nugget Award recipient – also is very supportive of the program.

The first in his family to earn a college degree (a B.B.A. in marketing from UTEP in 1973), Wingo is a strong role model, one who is driven by the philosophy that it’s important to give back at this stage in his career.

“I tell all the students I work with, ‘Once you establish yourself, reach back and help someone else,’” Wingo said. “I’m looking for you to be part of that chain of continuous momentum to ensure that our student body is getting opportunities that they need and they understand how to take advantage of those.”

When he was approached for the mentorship program, Wingo dove in and assembled what he called “The Plan,” which is now a 50-page document outlining tips for everything from interview techniques and mock interview scenarios to instructions on how to research companies and personnel at those businesses when students seek jobs.

Most important to Wingo was all the advice he included on engagement and networking.

“The three most critical things in this whole process are relationships, relationships and relationships,” he said.

Today, mentorships last an entire year and slots also are available for economics graduate students due to the related expertise of new mentors. Forthcoming is the introduction of an informal curriculum with content for mentors to check off during their yearlong commitment. Future growth of the program includes the possibility of opening it up to undergraduates.

Wingo hired his first mentee as an intern; she is now an associate brand manager at Helen of Troy. Another mentee is also gainfully employed and Wingo is currently guiding a third student through the program.

The M.B.A. Mentorship program has given this kind of invaluable experience to 39 students.

Mentee applicants must be M.B.A. or master’s economics students or recent alumni. Interested parties must submit a professional resume along with the completed online application and be in good academic standing if they are still students.

If accepted, participants must commit to fulfill responsibilities including initiating contact with and meeting no less than five times in-person with their mentor throughout the program. Professionals interested in mentoring may apply here.

Patrice Hills is another graduate student in COBA who believed the smartest thing to do was apply for and take advantage of the mentorship program.

“I believe that in addition to the education I am receiving, it is imperative to have a strong network to help me grow in my career,” she said.

Hills was paired with Jorge Vielledent of AXA Advisors’ Synergy Planning Group. Their monthly get-togethers include business meetings with Vielledent’s partners and colleagues.

Vielledent is a COBA graduate himself who committed to the program a year ago.

“Mentorships are necessary within my profession due to misconceptions of what financial planning is all about,” he said. “It’s an unknown subject by most professions.”

For Hills, one of the most valuable pieces of advice she has extracted thus far is to maintain a work-life balance.

“As an M.B.A. student, I am driven to focus intently on my career and business goals,” she said. “My mentor encourages me to make time for friends and family and to make time to take up hobbies and leisure activities, no matter how challenging it may be.”

She is now more confident, a result that makes the whole process worthwhile when the organizers of the program witness it in each participating student.

“I have learned that I am more knowledgeable than I give myself credit for,” Hills said. “Additionally, my mentor is encouraging and insightful. When we discuss situations that I may view as an obstacle in obtaining my career goals, he provides evidence or a strategy to turn that obstacle into a strength.”


Interview with UTEP EMBA Maria Elena Giner

6 November 2014

We asked Maria Elena Giner, P.E., EMBA ‘14, to share a bit about herself and her experience in UTEP's MBA Program. Maria is currently the General Manager of the Border Environment Cooperation Commission.

Tell us a little bit about yourself and your professional work experience before joining the program.

Before joining the program, I had almost 23 years of work experience in the public and private sectors developing and implementing environmental infrastructure projects for public utilities. During this time, I held various technical and managerial positions with the opportunity to work with the public, NGO’s, academia, federal, state, and local agencies and legislators in both the US and Mexico.  My education had consisted of a Bachelor’s of Science in Civil Engineering with an emphasis in environmental from Loyola Marymount University and I am a registered professional engineer in the state of Texas.  During the program, I balanced program demands with my employment as the General Manager of the Border Environment Cooperation Commission, an international organization created by NAFTA to assist communities in the development and implementation of environmental infrastructure on both sides of the U.S-Mexico border.  I currently reside in El Paso Texas, with my husband Antonio and three children - Cassandra, Isabella, and Sofia.

What drove you to seek out a Master’s in Business Administration?

The reason I pursued the Executive MBA program was to help fill a gap and compliment the technical training I had with my engineering degree.  As the General Manager of an international organization that provides technical services to the public sector I felt that I was providing leadership rather intuitively and not based on formal training.  Although the 10+ years of senior management experience were certainly helpful I thought recalibrating my skills through the EMBA program would increase my leadership qualities.

How has the program helped you in your profession?

The skills that we learned here at The University of Texas at El Paso EMBA program have provided me with the tools to be a credible leader and a good steward of the institution I have been entrusted to manage.  The curriculum and professors were excellent providing practical experience where I was able to integrate class lessons into activities related to my position from the very first class.  In addition to these practical skills, from a philosophical perspective, I was better able to understand the intersect of the roles of the public and private sectors and gain an appreciation for how the private sector can be important in environmental issues such as climate change, air and water quality, and land use.  Protecting our planet continues to be a passion of mine.  

Do you anticipate a promotion or career change now that you have completed your MBA?

No, I did not envision completing this program for the sake of a promotion or career change, but to refine my skills as a leader.  However I did expand my network of contacts through the program, professors, and fellow cohort members.  This has provided me the confidence that should I seek employment elsewhere; opportunities will be found through these new contacts in addition to my newly acquired training associated with the program. 

What would you tell people considering the EMBA program?

I particularly enjoyed the executive cohort experience.  We graduated as a cohort of 19, which consisted of all executives with staff sizes that ranged from the small, self-employed entity to an organization of over 400.  Our diverse backgrounds included industries from defense, health care, energy, environment, finance, government, manufacturing, and logistics.    Together, we had the privilege of sharing our insights and learning from each other and as a result transformed this experience into a life changing one that positively impacted our lives.  In spite of us all starting as strangers, we have ended up as life-long friends.  The program is phenomenal and a true gem for our region. I would encourage any executive to enroll.


International Research Course Visits Hong Kong

12 March 2013

For this week's post, Neyda Reed, a student in the UTEP Full-Time MBA Program, reports on her experience in the 2013 International Research Course.

This January we traveled to Hong Kong as part of an MBA International Research Course focusing on corporate governance.  While in class in El Paso, we covered the corporate governance structure in the United States.  The seminars and corporate visits we attended in Hong Kong focused primarily on the way business is conducted in China and, more specifically, in Hong Kong.  Hong Kong is a financial hub in Asia which is differentiated by its long-standing history of common law and business-friendly policies.  Being a British colony for 156 years gave Hong Kong a uniquely westernized culture, and the city is known as the gateway between the east and the west. 

Our first day in Hong Kong we were taken on a guided tour of the city. We first visited the Taoist temple, Wong Tai Sin.  During the tour we learned that Buddhism and Taoism are the two most practiced religions in Hong Kong.  While Taoism originated in China, Buddhism was adopted from India.  In the temple, we found beautiful sculptures and other decorations.  People prayed in an open space and brought food offerings with them and burned incense.  Next, we rode the tram up to the Hong Kong Peak which is the highest point in Hong Kong.  There, we were able to appreciate the cityscape comprised of impressive skyscrapers which were contrasted by the still highly vegetated landscape. It is truly a sight to see.  Afterwards we took a short boat ride eat a Chinese-style lunch at the Jumbo Floating Restaurant, located in the Aberdeen Harbor. We ended the day with a trip to Stanley Market where we were able to shop for a variety of Chinese curios. 

The following days were busy with academic seminars and corporate visits.  We met students and staff from Hong Kong Baptist University who were extremely gracious hosts and were willing to answer our cascade of questions about how business is conducted in Hong Kong.  One of the most interesting points in the seminars was how Hong Kong maintains its competitive advantage by differentiating itself from mainland China with its own currency and common laws.  Even though Hong Kong is now a part of China, the city still maintains a separate identity.  The lecturers we visited were from different backgrounds. Some were strictly academic, others had previous or current corporate experience, while others were government officials.  We even met with the CEO of a major financial institution in Hong Kong, Sun Hung Kai Financial Limited. 

Visiting Hong Kong as a representative of UTEP was a great experience.  I highly recommend to any student who is contemplating an international research course to make the investment. The amount of knowledge we received from experts in their field was extremely valuable in its own right. But the experience of branching out to a completely different part of the world and getting to see firsthand what another country has to offer, how its businesses operate, and experiencing the culture is an opportunity that I am sure will not present itself often and must be grabbed whenever it is available.


UTEP MBA Students Develop Mandarin Skills, Prepare for Global Market

2 November 2011

As part of their Graduate Business Education, full-time students in UTEP’s Masters of Business Administration program recently started classes in Mandarin Chinese. The courses, which started in the fall of 2011, are offered through a partnership with the Confucius Institute. The mission of the Confucius Institute is to increase awareness and understanding of Chinese language and culture throughout the world through education, performance, seminars and outreach.

Laura Uribarri, Associate Dean for MBA programs, explains the decision to start offering the courses:

“Language skills are absolutely essential in a global business market. With so many of our students already fluent in Spanish, we wanted to give them an additional edge. China is the second largest trading partner with the US, and the second largest economy in the world, so Mandarin Chinese was an obvious choice. “

Professor Laoshi (Jing) Yang leads the students through a Mandarin Chinese workshop designed to build their conversational Chinese skills to help them get an edge in the international market. Professor Yang has been a university professor for 16 years in China and is a native of Luoyang, an ancient capital of the Henan Province in northern China. MBA Students in the class will spend 8 hours a week for 5 weeks.


UTEP’s MBA Program Ranks 1st in Hispanic Business Magazine Top 10 List Once Again

22 September 2011

The MBA program at UTEP’s College of Business Administration has been ranked 1st among the Top 10 business graduate programs for Hispanics by Hispanic Business magazine for the second year in a row.  In its fourth appearance on the list, UTEP MBA climbed from the 6th place on 2008 to 1st place again this year.

Hispanic Business magazine features UTEP’s College of Business Administration’s 1st place ranking in its September edition, which includes the 2011 Diversity Report listing Top 10 Graduate Schools for Hispanics in four fields. The report determines a school's rank using several factors, including percentage of Hispanic students and faculty, recruiting programs, mentorship programs, Hispanic student organizations, and retention and graduation rates of Hispanic students.  Other schools with graduate business programs ranked in the top 10 included Yale University, Stanford University and the University of Virginia. The University of Texas at Austin was ranked No. 2.

“We at the College of Business Administration are happy and excited to have had this distinction for the second year in a row,” said Robert Nachtmann, D.B.A., dean of CoBA. “This nationally recognized accomplishment is a testament to our College’s and University’s standard of excellence in higher education.”


The UTEP MBA program has been transformed significantly since 2006.  Today, the program offers the MBA degree in three different formats that serve full-time students, working professionals, and executives in a range of accessible and affordable schedules.  MBA students attend classes and work with multi-national corporate partners in the state-of-the-art Graduate Business Center in Downtown El Paso   Full-time students engage in in language workshops in Mandarin and Spanish.  MBA students also have the opportunity to conduct coursework abroad in 7-12 day courses offered several times a year.


“The UTEP MBA program now offers a full portfolio of nationally competitive degree options.  Our students have access to corporate engagements projects, coursework conducted around the globe, broad professional networks and an excellent core curriculum taught by a diverse and experienced faculty.  This top ranking provides yet another acknowledgment of our growth and progress,” said Laura M. Uribarri, Assistant Dean for MBA Programs.


The UTEP College of Engineering was also recognized by Hispanic Business magazine with the #2 ranking for graduate engineering programs.



Learn more about the UTEP MBA Program at mba.utep.edu

See the Hispanic Business Article at www.hispanicbusiness.com


Interview with recent UTEP EMBA Graduate Manny Rodriguez

20 September 2011

We asked CW4 Manuel Rodriguez. a recent graduate of our first EMBA cohort,  to share a bit about himself and his experience in UTEP's MBA Program.

1.    Tell us a little bit about yourself and your professional work experience before joining the program.
My name is Manuel Rodriguez Jr., born and raised in El Paso, a graduate of Socorro High School, class of 1986 and a 24-year veteran of the United States Army. I am married to my beautiful wife, Victoria and have two great kids, Gabi and Emilio.  We have been stationed throughout the world and I have been deployed multiple times to Iraq and Afghanistan in support of the global war on terrorism. I am a Mobility Officer with extensive experience in the US Army Logistics and Supply Chain Management business areas and have been recognized as the preeminent source for relevant, value–added logistics expertise. Since 9/11, I have helped to plan, organize, and supervise the movement, deployment, and redeployment of Army personnel and equipment in support of full spectrum operations throughout the world.

2.    What drove you to seek out a Master’s in Business Administration?
I absolutely love to learn! I think it is important to raise the bar and surprise yourself every chance you get with achievements you would not normally try. In the Army, I have had great mentors that pushed me to pursue my civilian education and obtaining an MBA from UTEP (ranked #1 in the nation by HispanicBusiness) has been the highlight of my professional career. I loved the experience and I am very proud of my commitment to the process. For me, the MBA program was not a complacent or safe ride. It required hard work and dedication to successfully complete the process. Was it worth it? I would sincerely answer, yes. The MBA program has sufficiently equipped me with sound knowledge of management principles and practices to apply to my current and future business career.


3. How has the program helped you in your profession? Do you anticipate a promotion or career change upon completion of the EMBA?
The knowledge gained through learning business strategies and concepts, in theory and in reality has provided me with a broad range of people skills in addition to helping me develop a better thought process. The development of my managerial skills has provided me with the essentials for dealing with real-time situations pertaining to management and resolution of problems. The program further has assisted me in understanding the intricacies of planning, goal setting, and interpersonal skills (being a team player). Lastly, the MBA has helped me secure a promotion to Chief Warrant Officer 4 (CW4) and has certainly prepared me to transition into the civilian sector after military retirement.

4. What would you tell people considering the EMBA program?
Without a doubt, this program is worth your time and money! If you are looking for an opportunity to increase your business knowledge, an opportunity to network, and add to your expertise then the EMBA program is for you. The program is superbly set up; the professors have real world experience and are very knowledgeable in their respective areas. The program is held at the Graduate Business Center (GBC), which is housed in the Chase Tower at the center of the El Paso’s business district. The GBC features three state-of-the-art classrooms, student collaboration rooms and several applied business research offices. The MBA staff is very helpful and makes the EMBA students life stress free by providing them with all the required texts, class materials, and solving countless administrative issues. Over the course, I have undoubtedly developed significant relationships that will serve me well throughout my business career. I have had a memorable experience during the 18-months and this program will serve to enhance our (UTEP-MBA) network of alumni with a wide range of companies, which will be useful for mentoring, job searches, and professional development. Please feel free to contact me if you would like to talk to me concerning the EMBA program.


A simple way to financially interpret changes in the Dow Jones Industrial Average

18 August 2011

For this week's post, Dr. Oscar Varela, a  professor at the UTEP College of Business’ Economics and Finance department, explains some of the history and workings of the Dow Jones industrial average.

With the stock market showing high volatility, here is a brief discussion of the Dow Jones Industrial Average and the way to financially interpret current changes in it.

First, a little history on the DJIA.

This average was created by Charles Dow and Edward Jones. These are the same duo that began the Wall Street Journal, which commenced publication on July 8, 1889. The DJIA commenced 7 years later, on May 26, 1896, and it began its existence as a stock price average for 12 industrial companies. It took until October 1, 1928 for the DJIA to expand to an average of 30 industrial companies, the same number as it has today, except that not all firms listed in it now are industrial firms – such as Bank of America, American Express, McDonald’s, Wal Mart, Verizon..

For a little historical perspective, the New York Stock Exchange (NYSE) dates to May 1792, was founded as the Buttonwood Agreement by 24 Brokers, was organized in 1817 as the New York Stock and Exchange Board, and finally changes its name in 1863 to the New York Stock Exchange.  The NYSE is not the oldest exchange in the U.S. – that honor belongs to the Philadelphia Stock Exchange which began its existence a few months before NYSE.

On the other hand, the American Stock Exchange (AMEX) was founded in 1910 as the New York Curb Market Association (before this it was called the Outdoor Curb Market trading unlisted shares on Wall and Hanover Streets in New York).  In 1953 it changed its name to the American Stock Exchange. The NASDAQ market started in 1976.

Back to the DJIA.  The idea behind the calculation of it is as follows:

Imagine we have only three stocks (stocks A, B and C) in the DJIA. Let’s say stock A has a $20 price, stock B a $25 price and stock C $30. When the DJIA was first started, the DJIA average for the hypothetical example above would have been equal to the arithmetic average of the prices, that is:

            DJIA = 25 = ($20 price for A + $25 price for B + $30 price for C) / 3.

Now, a problem occurs when one of these stocks splits – let’s say stock C splits 3 to 1, so that now the price per share will equal $10. What happens if we calculate the DJIA now?  Let’s try to redo the calculations, such that
            DJIA = 18.33 = ($20 price for A + $25 price for B + $10 price for C) / 3.

Having substituted $10 for $30 for stock C, the DJIA would fall from 25 to 18.33 – about a 28% market fall. The problem is that this decline in the market is not a real decline, because nothing happened except that stock C split 3 to 1. Thus, the DJIA should remain unchanged from its initial value of 25, and now the only way to accomplish this is to change the denominator so that the ratio stays at 25.
So this is what we have to do – solve for the denominator’s value x below, such that
            DJIA = 25 = ($20 price for A + $25 price for B + $10 price for C) / x.

If x equals 2.2, then the DJIA remains unchanged at 25, as it should. It follows that the DJIA divisor will change when we have stock splits in any of the 30 companies (subject to some exceptions).

Now, the value of this divisor as shown in the Wall Street Journal on August 10, 2011 (page C4, Dow Jones Industrial Average table) was 0.132129493.

To obtain a financial interpretation, use the divisor in combination with the value of the DJIA index. For example, the DJIA index closed at 11239.77 on August 9, 2011 and 10719.94 on August 10, 2011, down 519.83 points. So, based on how the index is calculated using a 30 stock portfolio, we have on August 10, 2011:

            DJIA = 10719.94  = (price for 1+price for stock 2+price for stock 3+ …+price for stock 30) / (0.132129493)

We can then solve for the combined prices of all its 30 stocks, since

            (10719.94) (0.132129493) = $1,416.42 =
            = (price for 1+price for stock 2+price for stock 3+ …+price for stock 30)

Thus, the value of a portfolio consisting of one share for each of the 30 Dow stocks on August 10, 2011 was $1,416.42 (with a little error because not all stock splits cause the divisor to be adjusted).

As a result, the price per share on the average for each of the 30 Dow stocks on August 10, 2011 was:

            $47.21 = $1,416.42 / 30

And the average per share dollar value of a point in the DJIA is

            $ 0.0044 = $47.21  / 10719.94

so that each point change in the DJIA is worth about 4/10 of U.S. penny in terms of the average price per share.

Thus, when the DJIA declined by 519.83 points on August 10, 2011, the average decrease in the price per share for each of its 30 stocks was $2.28.


Top 5 things you can do to improve your job search

9 August 2011

Dr. Laura Guerrero, an Associate Professor and researcher at the UTEP College of Business, shared these insights on job searching that she has found through her research.

When you are looking for a job, everyone has advice for you.  “You should search for eight hours every day.” “You should apply to everything.  You never know.”  “It’s who you know, not what you know.”  But how do you know whose advice you can trust?

The good news is that a substantial amount of research has been conducted in this field.  These are the most stable findings in job search studies.

1.  It pays off to be active.

Research shows that job seekers who are more active (engage in higher levels of job search intensity) are more likely to get job interviews and those with more interviews get more job offers to choose from.

2.  Be confident in your abilities to engage in a good job search.

Researchers consistently have found that job search self-efficacy (confidence in your ability to perform job-seeking activities well) predicts job search intensity and job search outcomes (job interviews and job offers).

3.  Know what job you want.

Researchers have also found that job search clarity (knowing what job you want, how you will get it and when you can expect to get it) predicts job search intensity and job outcomes.  Job search clarity is related to goal-setting in that you have to know specifically what you want and devise a plan on how to achieve it within a timeframe.

4.  Some connections are better than others.

Everyone has connections.  Some of our connections are strong such as those with close friends or family members.  Other connections are weak such as those with acquaintances and colleagues.  Intuitively, you may think that strong connections may be more beneficial in every way.  However, when it comes to job search, researchers have found that the opposite is true.  Weak connections are more likely to yield job referrals.  Researchers believe that the reason for this is that our strong connections are likely to have the same information that we have, whereas our weak connections know about jobs that we have not heard about.

5.  If English is your second language, improve your fluency.

My own research shows that even when immigrants are relatively fluent, small improvements lead to higher levels of job search clarity and job search self-efficacy.  These in turn lead to higher job search intensity and better job search outcomes (job interviews and job offers).

Dr. Laura Guerrero’s research interests include the job search of immigrants in the US and Canada.  This blog entry is based on her forthcoming publication titled ‘Antecedents of Underemployment: Job Search of Skilled Immigrants in Canada’, which is due to appear later this year in the journal Applied Psychology: An International Review.