Tag Archives: Business Education

How 4 professional engineers used an MBA to change their careers

The MBA is a highly desired qualification by both young professionals and employers.  Not only does an MBA equip the student with a wealth of business and leadership skills, it  shows clear signs of an individual’s focus and ambition as well as an adventurous spirit – leaving a secure job to study for an MBA requires not only funds but courage.

MBAs benefit individuals, employers, and the economy. Although it is essential to hone skills in specialist areas, businesses are keen on hiring MBA graduates because they have a deeper understanding of a range of business practices that enable them to be more strategic and agile in their thinking and problem solving.

The MBA opens new career opportunities, helps students to gain better insight into their motivations and goals, and connects them with inspiring professionals who can support their career ambitions long term.  Taking an MBA is a major financial commitment and because of their prestige, the cost of attending the top international schools is high.  Consequently many students seek scholarships to support their studies.  For over 30 years, the Sainsbury Management Fellows (SMF) scholarships have been awarded to professional engineers who have clear leadership potential.   Today, there are 365 SMFs who, collectively, have been awarded £11 million in scholarships to enable them to acquire skills that help UK businesses succeed and the economy growth.

In this blog we introduce four Sainsbury Management Fellows who have used their MBA skills and experiences to steer their careers in new and exciting directions.

Engineering a Finance Career in Green Energy:  SMF Chris Gifford, Senior Risk Consultant, Chief Credit Officer, Vancity Community Investment Bank, Canada

After gaining his engineering degree at Oxford University, SMF Chris Gifford started his fulltime career in the power generation sector. He worked throughout the UK and internationally helping to operate and maintain the control and instrumentation systems of fossil-fuelled power stations.  He progressed into a commercial role, analysing the financial performance of the power stations, which gave him a deeper understanding of business and a desire to pursue his career in a business direction.

Chris decided that he wanted to work in the cutting-edge transition from fossil-fuel to green technology in a business and finance capacity, but he realised that he needed additional business skills to secure a top-level position in a leading company.  Because of his engineering background, prospective employers tended to pigeon-hole him as a techie. Chris knew that gaining an MBA would enhance his skills and make him more marketable.  The MBA, which he undertook at INSEAD, provided not only the vital business skills needed for a career shift, but accelerated an improvement in his interpersonal and leadership skills.

Today, Chris is the Senior Risk Consultant, Chief Credit Officer at Vancity Community Investment Bank in  Ontario, Canada where he uses his combined engineering and business skills to assess the viability and robustness of complex renewable energy proposals from businesses seeking finance, eliminating the need for the bank to use external professionals to carry out additional assessments.  In addition to identifying potential problems, Chris recommends improvements and efficiencies that allow important renewable energy projects to be funded.

Chris’ engineering background is a major asset in his role.  He explained: “My engineering skills are typically applied to evaluate whether businesses trying to access financing have fully understood the complexities for themselves.  There is a bias for optimism and sometimes blind spots when it comes to risk assessment; I provide an objective and pragmatic view on how likely a project is to succeed.”

Switching from a Technical to Management Role:  SMF Dere Ogbe, Shell Corporate Strategy and Portfolio Consultant, UK

SMF Dere Ogbe was appointed Senior Strategy and Portfolio Consultant at Shell after graduating from London Business School with an SMF-sponsored MBA.   He credits his MBA for galvanising his career in this new direction and says he now has the ability to lead both technical and commercial strategy projects.

Before taking his MBA, Dere was a Senior Operations Excellence Engineer at BP Exploration. This was a technical role which involved implementing best practices to drive continuous improvement across joint ventures in Europe, Middle East, and North Africa. This involved cascading business decisions into technical requirements and this gave Dere an insight into how commercial choices drive project design and operational requirements.  This awareness, coupled with the knowledge from courses such as Managing Engineering Projects, sparked his interest in business management.

Dere sites a number of ways that the MBA has helped to transform his career: “It has given me the necessary financial, strategic, and commercial skills to quickly analyse problems and propose possible solutions. The programme also enhanced my data analytical and leadership skills. Also, I feel very comfortable leading a wider range of people with different technical and commercial expertise.  With these additional skills, I can jump into projects and get up to speed quickly.  The part of my job I especially love is the challenge of thinking on my feet, rapidly uncovering the critical factors and, with the team, creating a roadmap to solve the problem.  The MBA has had a transformative effect on my career and leadership skills.” 

Billy Comes to Life Through Engineering and Business Talent: SMF Rob Deering, CEO, Billy, Australia

Before business school, SMF Rob Deeming gained a degree in mechanical engineering at the University of Nottingham. After graduation, he spent five years as a consultant at Bain & Company where he developed practical skills such as problem-solving and collaborative working.  This role gave him the time and freedom to decide what he wanted to do longer term.  He said: “It was an incredible place to start a career. The level of learning, skills development and personal support available in consulting is second-to-none.”

Rob took his MBA at Harvard and says that it gave him both personal and professional perspective: “It opened my eyes to new career pathways, in particular, those which combined his engineering and business skills.”  Since graduating, Rob has lived in both New York and Sydney where he has built several tech-driven businesses, including three start-ups.

The most recent entrepreneurial venture is a technology company, Billy, which addresses the fundamental challenges of caring for seniors, while allowing them to remain in their own homes as independently as possible, on their own terms. Billy uses a series of Internet of Things sensors to identify patterns of behavioural routine for seniors, and shares this information through an app, in real time, with family members and professional carers. Billy can read all the activities of daily living using smart analytics to determine patterns in routine and identify changes before they result in medical emergency.

The future is exciting for both Rob and the company; Billy is growing in size and reputation and is now in 1,000 homes across Australia and the USA. Initial feedback shows that customer confidence is high and there has been a reduction in hospitalisations in the households where Billy is installed.

Winning an SMF scholarship enabled Rob to undertake his prestigious MBA, which gave him the skills to follow his entrepreneurial dreams.

Engineers with Business Skills Transform UK Industry: SMF Ian Peerless, Operations Director, ExRobotics, UK

SMF Ian Peerless and ExRobotics Colleagues

Ian Peerless’ route to an engineering career began at the University of Southampton, where he graduated with a First in Civil Engineering, after which he spent a year with British Leyland in a mechanical engineering role.  The hydrocarbon industry in the North Sea was booming and he was keen to move into that sector, so gained a Petroleum Engineering Masters at Heriot-Watt University and shortly after graduating joined Shell as a Petroleum Engineer and enjoyed an international career for five years.

However, he reached a ‘crunch point’ in his career, as is often the case with young engineers.  At this point there is a choice; to work up through the ranks of a company as a pure engineer or to diversify and move upwards in a different direction.  Ian chose the latter. His interest in business management led him to the MBA, with a scholarship from SMF to attend IMD in Switzerland.

The MBA gave Ian the credibility required to step into a management role; a role that would otherwise been out of his reach. He was one of the first engineers to benefit from the SMF scholarship programme, and proved that having engineers in management roles throughout industrial companies is extremely valuable.

After the MBA he joined British Steel, where he gained a wealth of management experience. He worked in Business Development, Sales, Operations, and finished as the number two in the Business Strategy department reporting to the main board.   After 15 years with British Steel, Ian was enticed back to Shell, where he was a key member of an internal consultancy group.  He travelled the world advising, coaching and facilitating leadership teams on project management and contract strategy.   When that project was completed, he set up an independent consultancy, IPKA where he continued to perform a similar role to the Shell position, but with different oil and gas companies.

In 2010, Ian took on a Shell contract to develop an oilfield robot. He gained extensive knowledge of this specialist robotic niche which led him to form ExRobotics, a company that is tackling the problem of oil and gas operators being sent into hazardous, harsh, and remote locations. The robots can be permanently stationed at those locations, removing people from harm’s way as well as cutting costs and reducing lost production.

Summing up the benefits of the MBA, Ian said: “The MBA gave me skills that I still use in my work. In particular, the ability to understand a business, its markets, its competitive position, and to turn that into an action plan for success.  Furthermore, the MBA made me understand that if you combine the strengths of individuals and create a motivated team, wonderful things happen. The MBA not only changed the direction of my career it also changed my industry.  The combination of my life before the MBA (technical) has been combined with my life after the MBA (management) to create ExRobotics.”

How to Apply for the Sainsbury Management Fellows MBA Scholarship

If you are a professional engineer considering an MBA as one of the stepping-stones towards a business leadership career, visit our MBA scholarship application page, you could become one of our successful awardees –the individual scholarship is £50,000 and we award ten of these every year.

Imperial College Business School MBA Students Now Eligible for SMF Scholarship

The Sainsbury Management Fellows MBA scholarship, which enable engineers to gain the highest quality commercial and business education, has added Imperial College Business School in London to its roster.  Imperial joins 13 other top international business schools offering the scholarship.[1]

Imperial has been incorporated into the SMF scholarship scheme because there are strong links between its  faculty of engineering and Imperial College Business School, which will ultimately produce business leaders who understand both technology and how to manage businesses successfully in a digital-driven world.

Leila Guerra, Associate Dean of Programmes at Imperial College Business School said:  “We share a joint vision with Lord Sainsbury – to connect management, entrepreneurship and technology and drive business forward.  I’m delighted that this partnership will allow exceptional engineers to develop their management and leadership skills to increase their impact on business and society, something that is part of our DNA at Imperial College Business School.”

Building a community of engineers with business skills is the core remit of the SMF scholarship scheme, which was set up by Lord Sainsbury of Turville 32 years ago.  The scholarship is open to engineers via the Royal Academy of Engineering and was recently extended to embrace technology graduates including computer sciences.  Each year 10 scholarships are awarded, and each successful applicant receives £50,000 towards their MBA study at one of the 14 business schools on the roster.

SMF President, David Falzani MBE said, “We now have 365 graduated Sainsbury Management Fellows who are using their engineering, technology and business skills to help firms in a diversity of sectors to excel and grow UK and global economies.  Looking at just our entrepreneurial SMFs, 170 of them have founded businesses valued at nearly £5 billion and created over 19,000 jobs.  Adding Imperial College Business School to the scheme creates even more opportunity for SMFs to help business and economic growth.”

The apply for a scholarship, visit the Royal Academy of Engineering’s website.

Note
[1] The 14 SMF scholarship business schools are: Imperial College Business School, INSEAD, IMD, RSM, IESE, SDA and HEC in Europe.  And in the USA; Harvard, MIT, Stanford, Wharton, Columbia and Kellogg University of Chicago.

Engineers with Business Skills Transform UK Industry: SMF Ian Peerless

SMF Ian Peerless and ExRobotics Colleagues
Thirty years ago, engineer, Ian Peerless (pictured far right) was one of the first cohort of Sainsbury Management Fellows (SMFs) to join Lord Sainsbury in celebrating their graduation from leading international business schools.  Each of the eight engineers had received a £30,000 award to assist with the cost of their MBA study from the newly established SMF Scholarship scheme.  They would go on to become business leaders in major corporations, utilising both business and engineering skills to solve problems.

Today, there are 365 SMFs, ambitious engineers who collectively have been awarded £9 million in scholarships to enable them to acquire business skills that help UK businesses succeed.

Thirty years on, SMF Ian Peerless is at the cutting edge of technology and leading a dynamic business, ExRobotics, which specialises in developing rugged robots for harsh, hazardous or remote operations. More on this venture later, first, we delve into Ian’s past to see how his leap of faith into an engineering career has enabled him to work for major brands like Shell, travel the world working as a petroleum engineering consultant, to setting up several businesses. We also look at the role the SMF scholarship played in broadening his career options.

It’s no secret that the UK is acutely short of engineers and institutions and government are working hard to encourage more young people to study STEM subjects, in the hope that they choose associated careers.  In Ian’s school days this push to increase STEM numbers and to produce more engineers was not prevalent so Ian had vision when he opted for engineering.

He explained, “Like many teenagers I didn’t know what engineering was.  However, someone said that engineers are good at maths and physics, I liked making things, and I was compelled to understand how things work.  When my Headmaster asked, ‘what do you want to do?’ I said the only thing that came into my head, engineering.  I’ve never regretted that shot in the dark.  It suits my personality and abilities in a way that I could never have understood at the time.”

The Engineering Journey
Ian’s route to an engineering career began at the University of Southampton, where he graduated with a First in Civil Engineering, but despite this achievement, he knew that working on concrete and steel structures was not his passion.  Instead, he spent a year with the car manufacturer British Leyland in a mechanical engineering role. “I worked with some great people and learned a lot about industrial relations, but I wasn’t being stretched enough.  In the meantime, the hydrocarbon industry in the North Sea was booming and I was keen to work in that sector.

A one-year Petroleum Engineering Masters at Heriot-Watt University opened the door and shortly after graduating, I secured a position at Shell,” Ian explained.  The next five years were exciting and rewarding, with everything moving at a fast pace and Ian was highly regarded amongst his colleagues.

Many talented young engineers reach a ‘crunch point’ in their careers, where they have to decide whether to continue on their current trajectory and work their way through the ranks of their company or do something new – Ian was no exception.  Ambitious and adventurous, he decided to shake things up for himself by becoming an independent Petroleum Engineering Consultant, a role he undertook for three years.  He said, “My Shell CV was in demand, so I was fully occupied with a range of companies in Madagascar, Norway and the UK.  One of my highlights was completing the subsurface design of the Ivanhoe Rob Roy field – the most advanced subsea development at that time.”

Ian had always been curious about business management and at this stage in his career he was pondering how to make a transition from a pure engineering job to management within his areas of expertise.  He knew an MBA could help, but how to achieve this?  Then he spotted an advertisement for the SMF Scholarship and went through the extensive application and interview process successfully.  He was awarded a £30,000 scholarship.  “There were so many MBA courses to choose from, I knew that to stand out with future employers, I needed to take one of the best.  The SMF process and the scholarship made it possible for me to attend IMD in Switzerland,” said Ian.

MBA helps to Secure Top Management Role at British Steel
The MBA gave Ian the business knowledge and credibility he needed to move into a senior management role.  He took up his first management role in 1989 at British Steel.  Ian takes up the story:

“It was a great opportunity to fulfil the SMF challenge to get more business leaders with engineering expertise into industrial companies to help UK industry be more successful, a strategy both I and SMF would like to see embraced more readily and broadly.

“I gained a wealth of management experience at British Steel. I worked in Business Development, Sales, Operations, and finished as the number two in the Business Strategy department reporting to the main board. I introduced new products, led major M&A teams and implemented Business Process Re-engineering.  I was responsible for £200m annual sales and turned around a failing assembly facility.

“I had a challenging and stimulating career at British Steel, but after 15 years, it was time for a new adventure because the company was experiencing challenges that made it difficult to influence key decisions, so I left to start my own business.

“After two years of experimentation, several former Shell colleagues suggested I return to the company and I joined an internal Shell consultancy group as a sub-contractor. My international life resumed, and I travelled the world, advising, coaching and facilitating leadership teams mainly on project management and contract strategy.  The Shell processes I used during this time were a valuable top-up of my MBA knowledge.

“After several years, that team was disbanded but four of us set up an independent consultancy, IPKA. We continued to perform a similar role but with different oil and gas companies. One job was particularly memorable – we spent 18 months in South Africa writing a complete set of business processes from scratch. This was a great opportunity to document what I had learned over 35 years and to structure clearly in my own mind how businesses work.

Developing Robots that Reduce Risk to Operators
“Towards the end of that project in 2010, I took on a Shell contract to develop an oilfield robot; little did I know then that this was the precursor to me developing my own robotics business. I gained extensive knowledge of this specialist robotic niche whilst working with Shell and felt that, if I worked with the right team, I could establish a business with a strong competitive advantage.  Also, I have experience of all elements of the business: I know the markets, have manufactured and sold industrial products, set up my own companies, and I had already established a network of parts suppliers.

“This was an opportunity to realise another work ambition and it  comes at a stage in my career where I can use all my experience to create a company that’s effective and efficient and that all stakeholders enjoy working with.

ExRobotics  was launched three years ago and is addressing the problem of oil and gas operators being sent unnecessarily into hazardous, harsh, and remote locations. Our robots can be permanently stationed at those locations, removing  people from harm’s way as well as cutting costs and reducing lost production. The obstacle to robots playing this role is that they must be designed and certified to work in these tough environments.  It takes years to do this, thus our competitive advantage.  ExRobotics is an exciting emerging business and we are working hard developing the market and product, which could transform how this work is currently done.”

Combined Engineering & Business Skills Makes a Difference
Asked how the combination of engineering and business skills helped him build a diverse and exciting career, Ian said, “I don’t think you can make good business decisions if you don’t understand your products/processes, their applications, your customers’ activities, and your competitors’ products and processes. You have to take all of this technical information and use your business/people skills to adapt your business to succeed. This is how engineering leaders create wealth.

“An Engineering education teaches you a structured analytical approach to life. The MBA complements that by teaching you, amongst other things, how to trust your intuitive ‘right brain’.  This allows you to bring many more perspectives to tackling business challenges.  The MBA course uses case studies that cram years of experience into a few months.  It works; when I come across new challenges, I have flashbacks to the cases I studied in Lausanne.  Of course, those flashbacks now also include situations I’ve experienced in my post-MBA career.

“The  MBA gave me skills that I still intuitively use in my day-to-day work. In particular, the ability to understand a business, its markets, its competitive position, and to turn that into an action plan for success. Also, the MBA made me understand that individuals are different and if you combine their strengths and generate a motivated team, wonderful things can happen.

“The MBA not only changed the direction of my career it also changed my industry.  The combination of my life before the MBA (technical) has been combined with my life after the MBA (management) to create ExRobotics. This would not have been possible without either of those ingredients.

“Importantly, the SMF ethos and network have reinforced my beliefs so that I’ve stayed with engineering and management even when other options were on offer.”

Supporting the Next Generation of Engineers
Ian is also delivering on another SMF tenet; helping to develop the careers of young engineers.  Through SMF, the Royal Academy of Engineering’s Leadership events and privately, he has mentored highly motivated, intelligent and ambitious young engineers.  He said, “Working with young people is always a joy. One of the main areas they grapple with is how to gain recognition for their achievements, stand out from their peers and get that prized job.”

Support for young engineers carries through into ExRobotics; the company recently recruited four young engineers, three straight from education. “We try to give them as much responsibility as we can, as Shell did for me.  It’s great to see them rising to the challenges and learning from their mistakes. Even some of the older members of the team seem to learn from my experience.  At the moment, this is one of the most rewarding things about ExRobotics,” said Ian.
Thinking about the next generation who want to be engineers, we asked Ian for any advice he would like to share based on his experience. His top tips are:

  1. “Stick with engineering; don’t be lured into finance or business services.  Engineers can enjoy hugely varied careers and their work generates tangible benefits.  If you’re not enjoying what you’re doing,  change your job but not your vocation.
  2. “If you want to add management to your engineering career, consider an MBA. You will vastly accelerate your learning and you’ll be exposed to a broad range of people that will make you think and challenge your preconceptions.
  3. “Don’t underestimate the importance of engineers. The industry may not seem as fashionable as the media or the city, but who cares? Engineers have a major role to play in solving the world’s intractable problems.”

Ian concluded, “Careers and life have a lot to do with timing.  Sometimes you can push as hard as you can, but nothing happens. Sometimes you pick the right moment and the future unfolds. Now, when new challenges are thrown at me or I’m boarding yet another flight, I’m surprised that I still have the energy to maintain this style of life in my 60s! Deep down I feel a sense of satisfaction. Life is a journey and I don’t find short cuts as intellectually and emotionally rewarding as hard work and resilience. The trick is to have a clear goal, and then do whatever is needed to achieve it no matter how long it takes.”

The SMF MBA Scholarship
If you are a professional engineer considering an MBA as one of the stepping-stones towards a business leadership career, visit our MBA scholarship application page, you could become one of our successful awardees – today the individual scholarship is £50,000.

Jack Welch: The Best Boss by SMF Patrick Macdonald

Sainsbury Management Fellow, Patrick Macdonald,Chairman, School for CEOs
Sainsbury Management Fellow, Patrick Macdonald,Chairman, School for CEOs

Patrick Macdonald, a Chartered Engineer, won a Sainsbury Management Fellowship to support his MBA at INSEAD in 1992. While at business school, several of his professors cited General Electric (GE) as the exemplar of US, and indeed global, business leadership. Patrick seized the opportunity to move to the USA and work at GE a few years later. Jack Welch, GE’s legendary boss, put a huge emphasis on developing business leaders. Jack, who has just died, had a profound impact on Patrick’s career. Amongst other roles, he’s now Chairman of the School for CEOs, a business dedicated to help the next generation of leaders succeed.

In this blog article, Patrick reflects on Jack’s exceptional leadership and legacy.

I was lucky enough to work for Jack Welch, former CEO of GE, at the height of his powers. Sadly, Jack died this week. Thousands of words were written about him during his 20 years at the head of General Electric and thousands have been written since. He has gone through a familiar cycle of huge admiration and praise at first – ‘Manager of the Century’ according to Fortune magazine – followed by a slow trashing of his reputation since. GE’s performance and profile suffered badly under his successor, Jeff Immelt. Jack recently gave himself an A for his leadership of GE and an F for his choice of successor, Jeff Immelt. I’d agree with that assessment. Indeed, I’d give Jack an A++ for his leadership. He was the most complete boss I’ve worked for, a fantastic leader. Like most of his team, I would have run through walls for him.

Let’s take his leadership first. Sure, Jack could be incredibly tough. Sure, he took some potentially good ideas beyond the point where they made sense (such as ‘rank and yank’, firing your lowest 10% performers every year, year after year). But he took the slow, unwieldy, bureaucratic GE he inherited – already the most admired company in America – and turned into a nimble, agile, exciting business whose value he grew by 29x to $410bn. Many of the concepts he espoused – be #1 or #2, fix/close/sell, 6 sigma – have been widely copied and are now part of the business lexicon. He ruled GE like a tidal wave. It was astonishing how much he knew about the most obscure corner of the business, and equally astonishing how quickly he got a 300,000-person organisation to respond to his ideas. GE was built around the idea that Jack was right, and the only issue was how quickly you got it. Fortunately, Jack usually was right – and was good at course corrections when he was wrong – and life was good.

But the weakness in this model, of course, was its reliance on that one exceptional leader. It was vulnerable to a successor who wasn’t right as often as Jack. The enormous resources of GE would follow the boss in the wrong direction just as readily as the right one, and that vulnerability came home to roost under Immelt’s leadership. Unfortunately, Jeff’s judgement turned out not to be as sound as Jack’s. He churned through GE’s multifarious businesses, becoming the first person in history to buy and sell $100bn of assets, paying nearly $1.7bn in fees along the way. The businesses he bought often did not endure. Pricing discipline was lost and execution lacked focus. Disaster loomed, with GE’s valuation dropping 90% from its 2000 peak. Jeff left in 2017.

It’s fashionable now to lay the blame for GE’s subsequent problems at Jack’s door. As I said above, Jack took full responsibility for picking his successor. But it seems unfair to hammer him for mistakes made more than a decade later. With that logic, the successes you’re racking up today are not down to you at all – they’re down to your predecessor and whoever picked you. I don’t think life works that way. Jack built the most valuable company on the planet and changed the way we all do business. That’s enough for me.

 

Engineering a Finance Career in Green Energy

Chris Gifford is one of our 375 Sainsbury Management Fellows – he has complemented his engineering qualifications and experience with an MBA from INSEAD and used these additional skills to propel his career into an exciting new direction in the world of finance, whilst using his engineering know-how in his work.

Chris explained, “When looking to broaden my work experience, I found that potential employers frequently ‘pigeon-holed’ me as a techie and they found it difficult to look past my engineering undergraduate degree.  Obtaining an MBA was the way around this obstacle.  Not only that, it has been a significant self-improvement opportunity. The MBA provided not only business skills, but also accelerated an improvement in my interpersonal and management skills, which are essential for more senior roles in any industry sector.”

A Growing Passion for Engineering
Looking back at Chris’ early passion for engineering, one would not have predicted that he would one day use those skills as the Chief Credit Officer for an impact-focused bank, advising on the benefits and risks of complex projects such as businesses transitioning from fossil fuels to renewable energy sources.  But that is the beauty of having both engineering and MBA skills sets.

From childhood Chris had an innate fascination with how things worked and spent much of his youth tinkering with electronic circuits, disassembling and reassembling bicycles and then, motorbikes.  This was a clear signpost that Chris was destined for an engineering career even though his schooling provided little practical experience of engineering.

Having set his heart on an engineering career, he wanted to gain industry experience as soon as possible so did a Year-in-Industry as a trainee engineer working in the water industry, just before and during his studies at Oxford University.  The work experience gave him a valuable foundation and the realisation that he wanted to work in a less mature sector, one with great potential for innovation and change. On graduation, he switched from the water sector to power generation.

Chris said: “I worked around the UK and internationally helping to operate and maintain the control and instrumentation systems of fossil-fuelled power stations.  I progressed into a commercial role, analysing the financial performance of the power stations. This experience helped me to understand that a broader perspective, beyond the technical, is required for success and career progression.”

At this point, Chris decided to take his career in a new direction. He wanted to be at the cutting edge of the transition from fossil-fuel to green technology but wearing a business and finance hat, and he recognised that he needed additional skills to take him into the board room of a major corporation.  That’s when Chris made the pivotal decision to take an MBA degree to help achieve his goal.

Combining Engineering and Finance to Create a New Career
Giving up a secure position and salary requires not only self-belief and determination, but also funding. With a place at INSEAD and a £30,000 (or EUR 42,000) Sainsbury Management Fellows scholarship, Chris was on his way to altering his career path.  However, he said, “Although I knew I wanted to work in finance, I kept an open mind on post-MBA opportunities.  The point of an MBA is to open oneself to new horizons and I didn’t want to have fixed ideas, after all the course may have revealed a previously hidden interest or skill.”

The MBA has been transformative for Chris. Today he uses his combined engineering and business skills to assess the viability and robustness of complex renewable energy proposals from businesses seeking finance.  Chris’ arsenal of skills removes the necessity for his company to bring in third party professionals to carry out additional observations and assessments.

“My engineering skills are typically applied to evaluate whether businesses trying to access financing have properly unravelled the complexities for themselves.  There is a bias for optimism and sometimes blind spots when it comes to risk assessment; my main contribution is to provide an objective and pragmatic view on how likely a project is to succeed.”

In addition to identifying problems that could prevent a project delivering results and financial returns, Chris uses his expertise to recommend improvements and efficiencies that allow important renewable energy projects to be funded.

Chris reinforces this point: “My engineering and finance skills are complementary in terms of helping to make sure that worthwhile projects attract financial support.  The world faces many challenges and engineers have a significant contribution to make in dealing with them.  However, we cannot do it alone and having an ally in the world of finance helps with the teamwork required to deliver engineering solutions.”

Benefits of an MBA
Having secured his MBA and his ‘dream job’, what does Chris feel is the greatest benefit of the MBA experience?  He said, “Apart from the tool kit of new skills, for me, the biggest benefit is being part of the business school alumni network –  it has been instrumental in accessing my most significant employment opportunities.  Of course, it is a two-way street; it is also satisfying helping other alumnus access opportunities and fulfil their potential.

“Likewise, becoming a Sainsbury Management Fellow and being part of the SMF Alumni provides a mutual support network.  We have more in common with each other than our peers in our respective business schools, so although there are fewer SMFs, the willingness to help each other is much stronger.”

Asked for reflections on his career path, Chris said, “From the first time I donned overalls at work in 1991 at a water treatment plant, to monitoring performance of 230MW gas turbines in 1997, flying to Singapore for my MBA in 2002, moving to Canada in 2006 to open a bank branch, and now providing financing for the green economy; I have not regretted for a moment that engineering has been the common thread throughout my journey.”

Pearls of Wisdom for Engineers
With this diverse and exciting career experience under his belt, we asked Chris if he has any advice for young people considering a career in engineering and for qualified engineers who may be getting itchy feet in their current role.

He shared these pearls of wisdom: “Budding engineers should take comfort in the wide range of careers that engineering can prepare them for, as well as access to varied roles within the engineering sector. The world of work is changing, and career paths are less linear, but a strong engineering foundation provides the resiliency and flexibility to see you through an uncertain future.

“My advice for young people considering a career in engineering is to ignore any negative stereotypes they may see and talk to real engineers about how interesting and rewarding their working lives are.  By doing this, they will have the confidence to pursue their dreams.

“And for professional engineers deciding their next career move, I would suggest they think carefully about how best to take the next step and what their goals are.  Smaller, multiple steps can be easier to make (and reverse if things go wrong) than giant leaps. Also, taking multiple steps means they can navigate around obstacles rather than gambling on one significant change getting them to an ideal destination.”

The SMF MBA Scholarship
If you are a professional engineer considering an MBA as one of the stepping-stones towards a business leadership career, visit our MBA scholarship application page, you could become one of our successful awardees – today the individual scholarship is £50,000.

Nottingham University Appoints David Falzani MBE as Professor

We are pleased to announce that our President, David Falzani MBE, has been appointed to the eminent position of Professor of Practice in Sustainable Wealth Creation at Nottingham University.  David brings to the role significant experience having been involved with a variety of programmes as an honorary professor at the University’s business school for eight years.

During his term at Nottingham University, David has had the pleasure of teaching a wide range of seminars, lectures and workshops.  Undergraduates, MSc, MBA and PhD students have been able to gain insights into many areas of business innovation and finance from sessions that challenged conventional thinking – these included Innovation Management and the role of cognitive bias, Entrepreneurial versus Traditional Management Methods, Innovation and How to  Predict Success,  Raising Funds (venture capital and private equity) and Managing Risk.

Drawing on his commercial experience, David also delivered a thought-provoking range of seminars to both the SME and corporate sectors.  These included The Importance of Strategic Sales Skills, Sales & Marketing and Negotiation Skills for SMEs, and for corporate executive education, Sales Strategy, Market Analysis and Improving the Customer Experience.

These subjects will continue to be part of David’s remit.  He said, “As a formal professor with all the duties and responsibilities of that position, I will be able to support and work more closely with colleagues.  I very much look forward to this new role and to build on the courses that I have been privileged to teach.”

Through teaching at this level for the past eight years, David has learnt the importance of infusing world-relevant entrepreneurial instinct and skills as early as possible, to give new start-ups and innovations the best possible chance of post-graduation success.

As well as being able to share his own commercial experiences and expertise, David also looks forward to helping to expand the opportunities offered by the University as a whole. He hopes to help develop executive education programmes and to try and integrate Sales and Negotiation topics into more student programmes. He also hopes to help develop the ecosystem around the university. Working with real-world businesses and other stakeholders, helping develop interactions that provide benefits for the wider community.

David has a real passion for his role in educating innovators and leaders of the future and continues to work tirelessly to improve the UK economy using his skills and knowledge of both business and engineering.  No doubt this new post will help him further this ambition and will benefit many students.

Billy Comes to Life Through Engineering and Business Talent

With a childhood love of maths and a passion for engineering as he grew up, there was only one direction in which Rob Deeming’s career path could travel, and it is a path that has led him to found a software business set to revolutionise the care sector. Rob knew that the key to career progression was in expanding his horizons via business education, and winning a Sainsbury Management Fellows (SMF) MBA scholarship opened avenues that would, otherwise, have not been available.

Before business school, Rob gained a degree in mechanical engineering at the University of Nottingham. “I always loved maths growing up,” says Rob, “and as I started thinking about university, I was eager to find a practical outlet.” Upon leaving university, Rob needed a little time to decide which direction he wished his career to take, and so spent five years as a consultant at global management consultancy firm, Bain & Company. Throughout his time there, Rob was able to fine-tune disciplines; working through practical skills such as problem-solving and collaborative working; giving him a platform on which he could consider a range of exciting careers.

Rob says, “There have been times during my career when I have been closer to engineering than others, but my degree has given me tools that have helped me in every professional situation. My background in engineering has always meant a foundation in process, structure, and a keen interest in using first principles to solve problems.”

Working at Bain gave Rob the time and freedom to decide what he wanted to do longer term. As Rob says, “It was the classic non-choice coming out of university; as it turns out, it was an incredible place to start a career. The level of learning, skills development and personal support available in consulting is second-to-none – I have never experienced anything like it since. I feel incredibly fortunate to have had that experience.”

Winning the SMF scholarship made a huge difference to Rob; offering opportunities that otherwise would not have been available. “I chose not to take sponsorship from my employer; studying a two-year program in the US amounts to a considerable expense. The scholarship really helped ease some of the burden while at business school, and most importantly in the years since, as I have been paying down by business school loans. On top of this, the scholarship gave me the freedom to really go after the entrepreneurial career path I wanted.”

The MBA gave Rob professional and personal perspective; giving him the opportunity to travel to the US to work, and opening his eyes to brand new career pathways he had not previously considered, in particular, those which combined his engineering and business skills. Since graduating, Rob has spent time living in both New York and Sydney building tech-driven businesses.

Rob agrees that there is often an image issue surrounding engineers, but he feels strongly that the limited image of engineering is changing, particularly as many organisations are now working to educate the public, and young people, on the variety, diversity and excitement a career in engineering can bring.

Rob says, “Today I run a software business and I love that our software development team identify as engineers. I believe that the world now clearly recognises that engineering forms the building blocks of future development, not just a retrospective understanding of the past.”

Rob would encourage young people to choose engineering as a profession, quoting the value it has had for him in building an incredible foundation from which any number of professional directions are possible.

With an MBA under his belt, Rob built and sold three start-ups from his base in New York, and most recently has set to work developing technology that would address the fundamental challenges of caring for seniors, while allowing them to remain in their own homes as independently as possible, on their own terms. Billy was born. Rob explains, “Across the world, the lives of seniors are changing every day. For too long, seniors have been seen as a problem to be managed, rather than simply as consumers with needs to be met.”

Billy was founded with the objective of addressing the fundamental challenges that seniors face when trying to maintain their independence in their own surroundings. “We recognised that technology had a role to play in helping seniors feel confident, and giving families peace of mind,” Rob explains, “we put Billy into testing and pilot eighteen months ago.

Billy uses a series of IoT sensors to identify patterns of behavioural routine for seniors, and share this information through an app, in real time, with family members and professional carers.” Billy uses no cameras or wearables; it is an entirely passive kit, which requires little user input. It can read all the activities of daily living, including knowing when someone is eating; taking medications; leaving the house; and rising from and going to bed, using smart analytics to determine patterns in routine and identifying changes before they result in medical emergency.

The focus when developing Billy was on prevention, rather than reacting to an emergency. Recognising that the newest technology is not always the best solution to a customer’s true problem; the team at Billy will often forego the latest innovation to deliver an improved customer experience.

The future is exciting for both Rob and his company; Billy is growing in both size and reputation, being in almost 1,000 homes across Australia and the US. Initial feedback shows that customer confidence is high (receiving a NPS score of 58 which is regarded as excellent), and there has been a reduction in hospitalisations in the households where Billy is installed.

Rob attributes the success of Billy to the commitment and hard work of the whole team and particularly to the talent of the software developers who have “built a market-defining product that is having material impact on one of the major social issues of our time.”

Emphasising the positive combination of having both engineering and business skills, Rob says, “A good understanding of the hardware and software design and its capabilities, and limitations, have been very helpful to me.” The needs of his customers are the cornerstone of what Rob does; guiding the development of Billy, and keeping his team cohesively aligned behind their goals.

Rob values the five years spent in a non-engineering role prior to his MBA; he sees it as having the space to think and work out what he wanted from his career and his studies, something not everyone gets to do. And his advice to engineers with a desire to become entrepreneurs?  Keep engineering: “Engineers make great entrepreneurs – they are practical, problem-solvers and they recognise the value of building strong, multi-disciplinary teams.” Rob says. “The next generation of great businesses will be built on increasingly complex technology and engineering principles. That puts newly graduated engineers in a very strong position to pursue an entrepreneurial path.”

From Cambridge to Jordan – Bridging the Gap Between Technical Education and Industry Demands

SMF Nick Sullivan, co-founder and managing director of Heritage Independent Living, is one of many Sainsbury Management Fellows at the forefront of initiatives that help business and industry grow and thrive.

Nick was recently invited to give a presentation at the Amman Chamber of Commerce in Jordan on an innovative Roadmapping project that he is leading on behalf of Cambridge University Institute for Manufacturing (IfM). The project is funded by the Newton Khalidi Fund and administered by the Royal Academy of Engineering, which also administers the Sainsbury Management Fellows scholarship of which Nick was a beneficiary enabling him to study for an  MBA at INSEAD.

“The Newton Khalidi Fund is being used to establish a Roadmapping capability at the Al Hussein Technical University (HTU), which was established by Jordan’s Crown Prince Foundation.  HTU provides excellent, rigorous and industrially-relevant technical education that enables its graduates to obtain quality employment and to contribute to the development of Jordon’s industry, economy and society. The Roadmapping project bridges the gap between technical education and industry demands,” said Nick, who is now teaching and embedding the fast-track approach to Roadmapping at the university.

Following initial successful workshops, Nick and his colleagues are looking at helping HTU to work directly with industry and particularly with SMEs.

Nick explained: “SMEs all over the world have similar challenges, a pressing one is time constraint.  Typically, the senior members of the team wear multiple ‘hats’, managing many tasks and they have little time to take a step back from the detail of the business to focus on strategic matters.   Their knowledge of available markets and best practice also tend to be limited.  Our intention is to develop the Roadmapping capability at HTU to enable them to use a range of tools and techniques developed by Cambridge University IfM to tackle such challenges.  Many of these tools have already been used extensively within UK SMEs.”

The programme will focus on specific industry sectors.  As Jordan already has a well-developed Computer & Informatics Industry, the next HTU roadmapping workshop will look at other major industry sectors including Energy, Engineering, Technology, Architecture/Civil/Construction, and Manufacturing – the SME tools and techniques are especially pertinent to the manufacturing sector.

HTU’s programme not only develops the fast-track roadmapping capability, Nick and his team are delivering advice and support.  Initially, Nick and his team will train HTU practitioners at Cambridge University; they will then work with SMEs with HTU personnel shadowing them, and then HTU will work directly with SMEs with Nick providing support as and when needed.

“We are all very excited about the potential of HTU’s educational programme and we believe it will have significant trickle down effects on the growth of small businesses and the economy in the coming years.”

 

SMF Awards £50,000 MBA Scholarships to 11 Talented Engineers

SMF has announced the 2018 SMF Scholarship awardees, each of whom has received £50,000 towards their MBA study at a leading international business school:

Awardee Business School
Jonathon Simister LBS
Emmanuel Lawal INSEAD
Jad Abi Esber Harvard
Ian Taylor Stanford
Samir Szamocki INSEAD
Rachel Fitzsimmons INSEAD
Jacob Mills LBS
Meenal Pore INSEAD
Abhishek Morey INSEAD
Jegadeesh Sithamparathas MIT

The Sainsbury Management Fellows scholarship is open to professional engineers who are heading towards business leadership roles – in large organisations or as entrepreneurs – and wish to combine business education and engineering skills to take their careers to new heights.

This year’s 11 scholarship awardees share their thoughts on studying for an MBA, how it will help them fulfil their aspirations to help businesses flourish and make a positive impact on society. They also talk about the benefits of becoming part of the Sainsbury Management Fellowship and their commitment to mentoring young engineers.

SMF works with the Royal Academy of Engineering to select each year’s scholarship awardees and details can be found on the RAEng’s website.  The value of the award recently rose from £30,000 per awardee to £50,000, providing even greater support to successful applicants. Professional engineers who are interested in studying for an MBA at one of the 14 business schools that support the SMF scholarship scheme can register their interest with the SMF Office.

You can read interviews with current and past scholarship awardees.

What to Expect in the First Week of Your MBA Course

Starting a new MBA course can be a daunting prospect.  Most courses appreciate this and begin with an orientation week so that students can find their feet and prepare to get the most out of their course. Writing for the Financial Times, former MBA student Mehul Ruparelia recalls her first week:

“After the first weekend, we had orientation week, also popularly known as disorientation week. This was a week organised and run by alumni from the outgoing class, full of parties, team-building activities, organised sports, treasure hunts, presentations and more parties. The aim of orientation week was to let people get to know each other and to become more familiar with the campus and the surroundings. Orientation week culminated in a talent night where groups got to showcase their collective and individual talents in front of other students, faculty and alumni.”

Evaluation and preparation
Your first week of an MBA course is your chance to evaluate what your strengths and weaknesses are, and what you hope to achieve through study. The course itself, regardless of which institution you attend, is often described as a ‘sprint’, requiring an enormous amount of work. This first week is a chance to really reflect on what you need to improve in order to succeed.

You cannot achieve a goal without knowing what it is. That means your first week should also include time spent identifying what your life goals are, and what you require in order to reach them. Where should the focus of your study be? Who do you need to meet in order to learn what you need to know? These are the questions you need to be asking yourself because it will be difficult to take a step back and be objective once the course really gets up and running.

Meeting and networking
In the first week of your MBA, you are likely to meet many of the students you will be learning alongside, most of whom come from varied backgrounds and have different levels of experience. Many MBA students find that their fellow classmates are almost as interesting and useful as the course itself, so it is important to use the first week to try and get to know them. Think about what you are offering, too. What are you bringing to the table? Dig deep.

Don’t hold back
The first week on many MBA courses is about pushing boundaries. Students who learn to break the mould are much more likely to succeed in the world of business, which is why courses often include leadership courses and seminars alongside imaginative team-building exercises. There might be some trepidation at first, particularly with regard to the more physical challenges, but it is a great idea to ignore any jitters and fully take part in all the activities that interest you. It will also make it easier to learn other students’ names, something that will come in handy over the course.

Your first week on an MBA course will set the tone for the rest of your time studying. It’s vital to get things off on the right foot.

An SMF MBA Scholarship Awardee says…
In 2017, Kofoworola Agbaje (MEng, Imperial College London) was awarded a £30,000 SMF Scholarship to study for an MBA at Wharton business school.  Asked about her first impression of business school, she said: “I’m surrounded by amazing people and amazing opportunities. I have classmates that have climbed the highest peaks in the world, visited over 60 countries, speak five languages, worked in the FBI, started multiple businesses, sold their start-ups etc. The course is very extensive, a lot more work than I expected but the classes are very interactive and I get to learn from both my professors and other students. There is so much to do and a lot of activities to get involved in, I have joined seven student-run clubs and every day feels like a stretch experience.   I’m loving the experience and taking it one step at a time.”

Read more about the SMF scholarship winners’ first impressions of their business school:
Will an MBA really make a difference to my career? Part 1
Will an MBA really make a difference to my career? Part2
USA or Europe – where to study for your MBA?
Searching for the right post-MBA job
Reflections on the start of my MBA journey

Learn more about the SMF MBA Scholarship.

Photo:  Grace Madeline on Unsplash