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How an MBA Helped an Engineer ‘Fly’ Higher: SMF Kyle Henderson, Senior Director, Licensing at Honeywell Aerospace

Kyle Henderson, Senior Director, Licensing at Honeywell Aerospace

Kyle Henderson’s passion for aeroplanes began as a youngster and it has travelled with him throughout his life.  This love of planes inspired him to become an engineer and subsequently to take an MBA at a top international business school, INSEAD, in order to take his career to new heights at Honeywell Aerospace, where he is now the Senior Director of Licensing.

In this profile, we learn a little about Kyle’s career and why he believed an MBA would be pivotal to his international career progression even though he was already on a great trajectory in the aerospace industry.  What did he gain from the experience?  How has the combination of engineering and business skills enhanced his work and career?

“When I was growing-up I felt the ‘wow-factor’ associated with aircraft, whether it be the huge, majestic air transport aircraft or the sleek and sexy military fighters.  I wanted to become an engineer so that I could be involved with aerospace and all those cool aircraft,” explained Kyle.

Early Career
Confident about his career path, Kyle began working in the aerospace sector before and during university and gained excellent grounding in a large blue-chip company, Bombardier.  Then, after graduating from Oxford University with an Honours Degree in Engineering, he joined the Airbus Graduate Development Programme, where he enjoyed rapid progression to a Project Engineering role, and later went on to lead a Customer Support Team as Project Team Leader and was responsible for 40 projects in Landing Gear Systems.  Another major project involved steering a partnership with a key overseas supplier to pioneer a thermoplastic composite aircraft structure that delivered significant weight saving, reduced parts count by 75%, saved EUR 10 million programme cost.

Kyle’s next blue-chip company landing was Fokker Aerospace in The Netherlands where he was Outsourcing Manager leading a cross functional team of eight.  Amongst his achievements were the creation of a EUR 18 million business-winning proposal and the outsourcing of an 8,000-man hour engineering work package with a previously untried Russian company that paved the way for substantial future cooperation.

At this point, eight years into his career, Kyle had worked in both pure engineering and programme management positions and had developed a keen interest in more strategic/corporate roles, and he wanted to steer his career in that direction. To achieve this, he knew that he needed additional skills and that an MBA would give him the formal business education to secure a senior management position and accelerate his career progression.

The Difference an MBA Scholarship Makes
 Kyle chose INSEAD for his MBA because he felt that its international footprint and culture were a perfect fit for the career he wanted to build.  He was so sure that it was the school for him that it was the only one he applied to, and despite the rigorous entry and language requirements, he was successful.  We all know that taking an MBA at an internationally renowned biz-school comes at a premium price, so Kyle was fortunate to get a scholarship to offset some of the costs.  He was invited to a Sainsbury Management Fellows’ (SMF) networking event by an old friend from his Oxford days and now an SMF, Chris Gifford, where he met other high-flying engineers who had gained an MBA with the help of an SMF scholarship.  Kyle got through the stringent application process and was awarded a £30,000 scholarship.

Kyle said: “Having the SMF scholarship was a massive safety net and allowed me to take the bold step of leaving a job with no return path on the table, as well as moving to a different country/continent and trusting that I would be equipped to find the next exciting step in my career without any unwelcome gap.”

From MBA to Senior Management
The MBA has had a transformative effect on Kyle’s career – straight out of INSEAD Kyle landed his first role at Honeywell Aerospace, in Prague in the Czech Republic, as Senior Strategic Marketing Manager responsible for setting the strategic direction and growing Honeywell’s business in Europe, Middle East, Africa and India (EMEAI). Three years later he moved to Honeywell Aerospace’s regional headquarters in Switzerland as Honeywell’s Global Business Manager and led the execution of aftermarket strategies for the entire Mechanical Product portfolio within the EMEAI region.

Leapfrog to the present and Kyle is based in Arizona in the US and is Senior Director of Licensing, responsible for driving Honeywell Aerospace’s global licensing strategy.  He leads a 15-strong outbound licensing team that licenses third parties/partners who require access to Honeywell Intellectual Property (IP), so delivering millions of dollars in revenue.

Kyle’s decision to gain key skills in strategy, marketing, finance and leadership, have enabled him to shine at Honeywell and springboard from one great opportunity to the next.  Asked how the MBA has helped him tackle business challenges, he said “As far as professional skills go, the marketing and strategy techniques I learned were the biggest pieces of ‘book knowledge’ I absorbed in my MBA.

“When negotiating a licensing deal – or any type of deal for that matter – the better informed you are, the better the outcome. One of the most important things to understand for any of my team’s licensing deals is how much value the technology or intellectual property we are providing will bring to the licensee. This typically involves understanding the market size and how the license will help them win more business than they otherwise would.  This market sizing and determination of value against a real-world ‘next-best-alternative’ is key Strategic Marketing 101 and is one of the technical skills my SMF-enabled MBA brought me.

“Whilst an MBA cannot deal with specific trends in an industry, the business framework afforded by an MBA helps one to understand and react to some of the key macro drivers in the aerospace sector, be that industry consolidation through M&A of the larger players or vertical integration by the large OEMs.”

Asked for an example of how his engineering experience helps in licensing deal-making, Kyle said, “Engineering is fundamental to our work.  Like most business transactions, a licensing deal is truly successful when both parties realise a real benefit from the activity.  As a technology company, the Intellectual Property that is the subject of Honeywell’s licenses is by its nature going to be technical.  As such, having a good grasp of how the IP will be used and the value it will bring to the licensee – something that my engineering background enables me to assess – is key to striking the optimum licensing deal.”

Apart from the technical knowledge gained through his MBA, Kyle also mentioned the importance of leadership skills.  Interestingly, in pursuing his passion to work in aerospace, being a leader had not dominated Kyle’s ambition, but leading teams has been an integral part of many of his roles, and he has thrived in this area.

Leadership Skills
He said, “There are many different types of leadership styles and all can be successful.  The softer, people skills are every bit as important a factor in being a successful leader as the technical management skillset.  As such, personality is important, and good leaders should not feel inhibited about letting their personality shine through at work.

“While I still like being close to the deals my team run, I have a strong team and can see how much more I can deliver with all of their industry knowledge and hard work.  I would be hesitant to go back into an individual-contributor role that could have less of a top or bottom-line impact.”

The SMF Network
The engineers who receive an SMF scholarship become Sainsbury Management Fellows (SMFs) on graduation and become part of the SMF network of successful business leaders who work in blue-chip and entrepreneurial organisations.  The SMFs use their combined engineering and business skills to help companies and the UK economy grow, as well as mentoring the next generation of engineers.  One of the key benefits of being part of the SMF network is the support that the alumni give each other – this ranges from advice on tackling business issues to discussing entrepreneurial investment strategies.

Kyle said that the SMF network has been a tremendous asset and a link to the UK: “Aside from the huge benefit of the scholarship, the SMF network has kept me close to my engineering roots as my career has developed.  Having lived internationally for the last 15 years, including all the time during and since my MBA, SMF has also provided a strong link back to the UK and home, and I hope to be able to maintain and grow that in the future, whether that is with a role back in the UK, or whilst staying International.”

Considering doing an MBA?
What advice would Kyle give to a young engineer considering doing an MBA, “Just do it!  It might seem like a big step to leave a secure job for the intense world of a full-time MBA – and it is – but if you’re ambitious and don’t mind the hard work, it’s a great way to take the next big step in your career, and possibly your life!

“I have always been motivated by wanting to achieve as much as I’m able to; never wanting to look back with regret and think ‘if only I’d taken that opportunity, or made the leap from something safe and secure to something new and exciting, then I could have done more’.  I am enjoying a fantastic international career whilst staying close to my passion for all that cool aerospace stuff!  I would definitely encourage other engineers looking to move into a more corporate role to take an MBA,” said Kyle.

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.

How My MBA Helped Me Transform Management Consultancy Services: SMF Will Jones, Director UK & Ireland, COMATCH

Walking in his father’s footsteps, former management consultant and SMF Will Jones studied for his Sainsbury Management Fellows-sponsored MBA at INSEAD, an experience he describes as transformative.  “The year completely changed my life.  I was saturated with knowledge and exciting experiences.  Both the good and the tough times shaped me and enabled me to forge an amazing new career at COMATCH,” said Will.

Like all Sainsbury Management Fellows (SMFs), Will is an engineer (MEng), an area he was drawn to from an early age.  “My strength has always been around structured thinking and being very comfortable ‘playing’ with numbers and analysis,” said Will.   After graduating from Warwick University, he worked in China for four year as a Manufacturing Engineer before becoming a management consultant with PA Consulting Group and then, to develop his career, studying for a Masters’ in Business Administration with a focus on international business.

Will explained: “I wanted to become comfortable with the business landscape.  There is a steep learning curve when you enter commercial roles; if you go in totally cold it’s easy to become overwhelmed.  I saw the MBA as an opportunity to familiarise myself with business concepts prior to stepping into a more senior role where I would be expected to know about areas such as marketing and finance.

“I saw what the MBA did for my father’s career.  He worked across the globe in consultancy and was responsible for opening offices throughout Asia for one firm.  His international career enabled him to travel extensively and he speaks several languages.  From a personal perspective, 45 years after studying at INSEAD, he is still hanging out with people he shared experiences and bonded with at business school.  This definitely inspired me but, of course, there were other reasons for doing an MBA.

“In engineering education, you are taught structure and process which is invaluable for any profession. But to be successful in the most senior positions, you also need to communicate well and be able to build relationships and networks. The MBA teaches you these skills along with business skills which makes you very credible in the business world.  The MBA prepares you to deal with any situation or project that lands on you,” said Will.

After graduating from INSEAD, Will returned to management consultancy at Accenture Strategy Group. At that point, he was intending to work his way up the corporate ladder using his newly acquired business skills and acumen. But fate took a hand in his career trajectory when he was headhunted by COMATCH to build its UK office.  This position steered Will away from the traditional career path in consultancy into a cutting-edge business that combines his passion for consultancy with the fun of building a team, a client base, and a business.

A New Kind of Consultancy Venture
Will takes up the story: “COMATCH is a marketplace that aggregates both consulting talent and clients from across the world.  There are 10,000 consultants with diverse experience and background on the platform already, including some Sainsbury Management Fellows and friends I made whilst studying at INSEAD.

“COMATCH takes successful independent consultants who realise the strength of their abilities and connections – who want to work for themselves – and matches them with clients in need of this specific expertise. This enables consultants to work on projects they are passionate about and shape a lifestyle that suits them.

“On the client side, our consultants provide services that help to accelerate and transform established businesses and scale-ups alike. For example, if an SME wants to expand across Europe, COMATCH provides access to vetted top-tier consultants that they could not obtain directly through traditional routes.

“The scale of the platform is staggering, it enables us to work with clients globally whilst providing consulting support locally; it’s about matching the right skillset and work-style, combined with the best background, be it local expertise or global understanding. Even more interesting in these current times is that the consultants did not miss a beat, they are used to remote working already and that the clients are now less fixated on location. With the geographic shackles removed, clients can really benefit from receiving the best talent globally!

“What really excites me about COMATCH is the diversity and strength of the consultant network, the clients we get to work with, and that I feel I can bring significant benefit both sides. I frequently don’t have the answer to the client problem, but I know how to find it” said Will.

Will is responsible for building the UK team as well as developing client relationships and the independent consultant pool.  The latter involves a two-step vetting process, whereby applicants are screened and then approximately 40% go onto interview stage, where Will can get a deeper understanding of their career focus and working style. The relationship building process also includes regular new joiner events where consultants get to network.Director UK & Ireland

Will continued, “Building the UK office from scratch has involved many exciting challenges, from creating the goals, establishing the office and hiring a team of spirited people who share a vision for the success of the business and bring novel ideas to the table. I’m relatively good with people, I draw on what I learned at INSEAD to take a more holistic view, to feel comfortable in client conversations, and when I have to talk to our CFO about the P&L.”

Benefts of the MBA
The emphasis on leadership and communication skills during the MBA made Will realise it was one of his key attributes.  He explained: “My meandering childhood with my parents meant that I developed an ability to quickly build networks; connecting people and ideas was something that felt natural to me, but I never saw the value in it. It took comments and nudges from people at business school for me to see communication as a key strength in my character and something I should maximise.”

Asked to cite the greatest benefits of doing an MBA, it was not the ‘tool kit’ of technical business skills that Will highlighted, instead he talked about how he can deliver results and networking: “I realised that there is a lot of value that I can personally deliver and that I should not settle until I feel I am achieving these goals. Secondly, I value highly the diverse network of truly inspirational people who are only too happy to help if asked in the right way.

“INSEAD was an incredible learning and growing experience. No matter what the day, what the module, or how intensively I had to work, I always ended the day knowing that in some way I had developed as an individual.”

“Leaving business school is actually the start of an amazing journey, not only because I moved onto an unexpected new career, but also because I am now part of the Sainsbury Management Fellows network; a large group of interesting individuals who work across a breadth of industries.  We come together for organised events, can connect individually if we need help, and we also have the opportunity to meet young engineers as they look to advance their careers.  Many of these are mentored by SMFs.”

Inspring Engineers on an MBA Journey
Asked for any words of advice for a young engineer considering taking an MBA, Will said: “In a world that values marginal gains, this is one of the strongest gains you can add to your skills set; it will develop you on a professional and personal level. Anecdotally, every INSEAD Alumni who came to present on campus said something along the lines of ‘this will be one of the best years of your life’ and I couldn’t agree more!”

The SMF MBA Scholarship
If you are a professional engineer considering an MBA as one of the stepping-stones towards a business leadership career, you could become be awarded a £50,000 scholarship.

 

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.

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.

From Oil Rig to Board Room

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SMF Richard Kluth, Managing Director Pulse Structural Monitoring

Richard Kluth’s journey to becoming managing director of Pulse Structural Monitoring, a fast growing structural monitoring company for the offshore industry, took some interesting turns, including a job in offshore drilling, an MBA programme at Spain’s IESE Business School and a stint in asset management at Morgan Stanley.  Richard shares his experience and his views on the need to promote engineering as an exciting career choice.

Like many young lads, I had an idealistic notion of becoming a musician, but as our band members drifted off in different directions, reality hit I started thinking about a proper job!  My maths was strong, so I studied physics and after graduating travelled throughout Asia and Australia and caught the travel bug.  This motivated me to find a job that would allow me to travel the world.  I joined my father’s pioneering fibre optic business, Sensor Dynamics, the first to install fibre optics in the oil industry.

It was a very exciting time, as I went from developing demonstration products for clients to creating prototypes and then travelled to California to oversee production and implementation of the products.  I received great development and mentoring at Sensor Dynamics and it gave me a passion for working in the oil industry.  I particularly enjoyed the service side and being out on the rigs.

After a fantastic grounding at Sensor Dynamics  it was time to spread my wings.  I landed a job as a field engineer on a fast-track management programme at Schlumberger, a leading oilfield services provider.  Schlumberger satisfied my thirst for getting in the thick of a job and travelling.  As a field engineer, I moved to a new country every 12 to 18 months, working as the second or third hand in a 2-3 man crew.  Drilling is a very complicated and complex function which requires absolute precision.  Initially I was responsible for providing the technical information that enabled the crew to drill safely, but by the end of my training I was also drilling wells.  I worked in Germany, Canada, America and the Middle East and at the end of that three year period I was head of the team, leading on the rigs.

By then the wing-fluttering had started again, and I realised that I didn’t want to pursue a structured career path that would lead me into managing logistical projects; I was after more intellectual rigor and wanted to join one of the big operators.  So I left Schlumberger.  This was back in the 1980s when oil prices were at rock bottom and hiring in that sector was not high on the agenda.  Rather than see it as a set-back, I decided it was the ideal time to do an MBA to develop my management skills.

Funding an MBA can be a challenge, so I was very fortunate to learn about the Sainsbury Management Fellows scholarship through a university brochure and even luckier to get through the stiff assessment panel and be awarded the £30,000 bursary.

Learning a new language was a big factor in where I did my MBA.  In all the years I had worked abroad I still hadn’t learned a second language, a source of great embarrassment, so I decided to learn either Italian or Spanish.  I fell in love with Barcelona when doing my recce, so chose IESE Business School in Navarra to do my MBA and learned to speak Spanish into the bargain.

The MBA rounded-off my commercial knowledge and improved my confidence in conducting commercial discussions.  It also enabled me to see that it was possible to make the leap from a technical function to a management/commercial role at a plc.

The MBA work placement was another big experience and confidence boost – I joined a global growth equity team at Morgan Stanley. They needed someone with an engineering background who understood fibre optic technology to help with the stocks they were managing in this field.  This was intellectually challenging and I learned more about the economy.  I must have done something right as they offered me a full-time position which I took after I graduated from IESE.  I received great training and worked with very bright people in a less structured career model than Schlumberger.  For example, if we wanted to create new products around what was happening in the industry, we could.

After working in asset management, I plunged straight back into the oil industry, taking up the role of business development manager at the VC-backed start-up, Sensornet, which specialises in fibre optic sensors and monitoring systems.  Its growth was rapid and I progressed quickly into a sales and marketing role, and then became sales & marketing director.  When the original investors decided to sell Sensornet, I was elevated to chief operating officer and ran the company freeing the CEO to focus on the sale. Tendeka acquired Sensornet and I made a bid for COO but they needed someone with both oil and gas experience, plus mergers and acquisitions expertise.

After seven years with Sensornet, I was at another career crossroads, and the SMF network – you become a Fellow when you graduate – was incredibly helpful at this point.  I put out feelers to Fellows who were very willing to talk and share ideas and contacts.  I even started discussing an entrepreneurial venture with another Fellow. The SMF network will always be there to support the Fellows and it certainly inspires you to take the next step in your career.

While thinking about my next move, I did what I love most – I went travelling with my wife and young child assuming that we would have a six months’ adventure.  But no sooner hand we landed in Australia, a head-hunter called with the exciting prospect of joining Pulse Structural Monitoring, a dynamic young company with a lot of promise.  The long distance interviews were followed by a personal one when I returned to the UK.  I was drawn to the role because Pulse is a strong company, with highly skilled engineers with a fantastic work ethic.  They needed a senior manager with both commercial and technical skills to consolidate and help grow the business.

Managing growth is our biggest challenge.  When I joined we were 17 staff and we’ve tripled in size in three years, with 60 people working in Aberdeen, Woking, Rio, Houston and soon Singapore.  We have had to adapt quickly to manage the growth.  Previously, we operated more like a project management company, where all the expertise was concentrated within project groups.  We have now developed new production and procurement departments so that key knowledge and expertise is centralised.  Likewise, we have introduced new systems in areas like quality and training to ensure that we capture the expertise of existing professionals to train the next generation of young engineers joining Pulse straight from university.

Engineers are critical to Pulse and wider industry and I don’t think the UK takes engineering as seriously as countries such as Germany.  When companies are growing as fast as Pulse, it’s frustrating to be faced with the struggle of finding engineers at the entry level.  The UK needs to produce engineers to tackle the big problems in society now and in the future.  More needs to be done to highlight the diversity and excitement of careers in engineering.

People tend to think of engineers as a bit nerdy, but engineers change the world – take energy – without it the world cannot grow and prosper.  Today, we all have to think about renewable energy and who will deliver the technology to make that a reality?  It is engineers who will provide the solution to cleaner energy.  We need to change the perception that engineering does not offer an attractive career path.  We need to communicate that engineering skills and experience can catapult you into different careers, especially when complemented with commercial and people management training.

Sainsbury Management Fellows helps to equip engineers with the business skills and experience needed to broaden their career opportunities and move into senior management positions, as in my case.  Engineers have a diversity of skills that are valuable at board level, a key one being logical, analytical thinking.  We bring a good structured analysis and approach to key issues in a business, which helps companies to grow and prosper.

From Marine Engineer to Online Publishing

Lee Cowles
SMF Lee Cowles, MD of Europe, Blurb

Lee Cowles has enjoyed a varied and challenging career, starting as a marine engineer in the Royal Navy before jumping ship into bespoke manufacturing. He then made a major turn in career direction by studying for his MBA and moved into the world of business and worked his way up to director at Betfair, the phenomenally successful online gaming company. Today Lee is leading another exciting internet business, the fast-growing online publishing company, Blurb.

As a youngster, what were your career aspirations?
As a teenager I couldn’t possibly have imagined that I would be running an online publishing business as it was pre-Internet days! Back then, I was instinctively drawn to engineering because I saw myself as a problem-solver; I liked the idea of ‘making things work well’ though at that point, I had no idea what I might make work.

Why did you study engineering?
My first job was a marine engineer in the Royal Navy where I had ample opportunity to make things work! I resurrected damaged equipment, bringing things back to peak performance. That experience led me into a manufacturing job. When I left the Navy, I joined an unusual manufacturing business in Huddersfield – it produced customised winches and gearboxes. Yes, I know this doesn’t sound terribly exciting, but imagine selling a concept to every new customer and then having to go away and make the product? It was quite a challenge, as each product was a turnkey solution. No off-the shelf products, meant no standard price list, yet it was essential to get the price right to make a profit and keep the customer satisfied. Sometimes I had to take a leap of faith or we would have missed out on brilliant business opportunities.

Why study for an MBA?
My employer at the manufacturing firm was keen for me to develop in the business and offered to sponsor me to study for an MSc at Warwick University, but I already knew engineering. I had been so involved in product development and sales at the firm, I started hankering after learning more about business. When you’re in the Armed Forces you know exactly why people do the things they do – everyone has a shared understanding otherwise things can go horribly wrong. But in business it’s different – there are lots of stakeholders with competing or hidden agenda. I felt that an MBA would help me to learn what I needed or at least get me started.

How did SMF help you?
Realising that I would be unlikely to return to the firm after studying for an MBA, my employer understandably didn’t want to sponsor my MBA study. I was fortunate to discover the SMF scholarship and to get through the selection process. Without the funding, it would have been a struggle financing my MBA and I would have had a larger debt at the end, which might have influenced the job I took at the end of the course.

By providing the funding, SMF gave me the opportunity to start a different career and explore different options. SMF doesn’t look for people based on the particular career they want to go into so you get a very mixed set of people. SMF is about getting people into senior jobs across the board. This helps Fellows to stretch their careers in different directions.

And the biggest benefit of your MBA?
The real revelation – and benefit – for me was studying with such a diverse and vibrant group of people; there were students from many different backgrounds and cultures. The university places students in very mixed groups to maximise friction and learning!

Has the SMF Network been useful?
You make lasting friendships and, because everyone takes different career paths and are not competing in the same arena, you can contact them and ask their views and advice without any conflict of interest.

How has business education changed your life?
My first job after graduation was with Ford, where I worked on the accelerated Manufacturing Leadership Programme. I also undertook a government research project into adult education for the workforce. The project brought together civil servants and the private sector to explore how business might help to tackle adult illiteracy. While this project was intellectually stimulating, working in a very large corporation wasn’t for me. I wanted to be in a more entrepreneurial environment.

The game-changer for me came in 2003 when I become Head of Operations at the innovative online gaming company, Betfair. Betfair has a great business model – it allows customers to choose their own odds, matches all the bets and charges a small commission on winning bets.

Moving money around is a bit like logistics and works like an engineering business; that’s how I positioned it at my interview and they liked my pitch! Betfair was a small business when I joined, but it grew rapidly. In a small business you take on many different jobs and build very quickly. My division went from two to 50 people in 18 months and I must have hired 200 staff during my time with the company.

Initially, I set up the back-office systems and then progressed into other roles. I professionalised processes and systems in one area, and then moved onto the next. This included product management, product development and even the software development area. By the time I left in 2011, I was Director of UK running half the business. When the business floated it was valued at £1 billion and today it employs around 2,000 people. In a small growing business you do many different things which may not be your area of expertise. The MBA prepares you to deal with unexpected challenges.

What are you doing now?
Scaling up the business at Betfair prepared me for my current role as MD of Europe at Blurb, a venture capital backed online publishing business, which allows customers to produce everything from personalised e-books to professional books on demand. Blurb publishes around 2 million books a year, the same as a medium size offline publisher. In the online publishing world, authors can create demand for their books through social media.

What is the biggest challenge in your business sector?
The Internet has increased the speed of every aspect of business. It’s imperative to keep your eyes on the ball – on everything from systems and processes to sales and marketing – otherwise you will be outflanked by new competitors, trends and customer behaviour.

How can engineers help the UK economy to grow?
We need to embed flexibility and skills into the economy. Engineers have valuable skills, for example, analysis and problem-solving; bundle these with business education and they have a big role to play in growing the economy.

What advice would you give budding entrepreneurs?
People who start a career in engineering are pretty risk averse. That’s probably why we don’t see many traditional engineers, compared to software engineers in Silicon Valley, become entrepreneurs. My tip is to ‘just do it’ – don’t let fear hold back a great idea. Often the risk is not as great as you think it will be.

Which engineering pioneer do you admire and why?
Brunel – he was audacious! He was a hands-on engineer, who was never put off by failure. He achieved so much and left us some wonderful structures. In Brunel’s time engineers had the advantage of being able to over-engineer and learn from their experiences. There’s no room for that in modern engineering!

From MBA to DNA

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Chris Martin, Chief Executive of Sciona, a company at the cutting edge of business innovation and the revolution in genetics.

SMF Chris Martin is a highly qualified chemical engineer. His MBA demystified the workings of corporate finance and enabled him to pursue his ambitions for commercialising technology. Chris, who started his career as a chemical engineer, has harnessed the knowledge he gained from an MBA at leading Swiss business school IMD (formerly IMI) to combine his natural commercial flair with his scientific know-how. His sector is one of the freshest business areas to have opened up in the last decade – taking technology developed in academic institutions to mainstream markets.

Sciona, the latest in a string of spin-out ventures Chris has presided over, is leading the push to bring the benefits of major breakthroughs in mapping the human genome, to consumers.

His company offers a service to customers that reveals if they are genetically predisposed to illnesses affected by lifestyle factors like stress, diet and exercise. It offers consumers the opportunity to tailor their lifestyles to ensure prolonged health and well-being. Customers simply take a swab from inside their mouths that is then analysed by the company’s expert team of leading scientists to produce each individual’s unique genetic make-up. Combined with a brief lifestyle questionnaire, Sciona can advise its customers how best to make lifestyle changes to enhance their well-being.

Chris’ career started with a degree in Chemical Engineering at Aston University. He followed it with a DPhil in Engineering Science at Oxford University. It was during 18 months of post-doctoral work at the University and the Atomic Energy Research Establishment that he first started to develop his commercial instincts, starting a computer software company with his flatmates. Chris recalls, “I got a real taste for the commercial world and realised I enjoyed that side of the industry as much as the technical elements.”

He joined a small consultancy working in the offshore oil industry that then diversified into the pharmaceutical sector and other process engineering industries. “I took a diploma in management studies to try to understand more about business. From my work I thought I could see situations where large companies were making poor technology investment decisions.”

His interest in this subject grew and in 1988 he applied to Sainsbury Management Fellows for a place on the International MBA programme, opting for a one-year course at the leading Swiss business school IMI, now IMD.

Chris says, “Mine was a classic MBA, very strong on international finance and organisational development. The key thing was that the course demystified a lot of aspects of business. One of the biggest advantages my MBA gave me was a thorough understanding of corporate finance.”

After completing the course Chris used his new skills to tackle the trend of poor technology decision-making he had spotted over the previous years. He and a partner set up the consultancy as part of Marex in late 1989.

Early success, including a series of contracts from Courtaulds, was followed by Chris leading a management buy-out of the consultancy to form Paras Ltd. Growth over the ensuing years created a team of 40 professionals at offices in the UK, Holland and South Africa.

In the early 90s Chris’ attention turned to the growing trend of companies formed around technologies from leading universities and industrial research. He joined a fellow engineer to set up an early stage feed capital company after recognising that embryonic companies founded on campus research required expert outside help.

Chris and a growing number of expert colleagues created a string of successful technology companies including Solcom, which develops web-enabled systems monitoring and management systems, Despatch Box, a data encryption and security company, and SpiroGen, a biotech spin-out developing the technology to stop cancer cells replicating by binding specific DNA strands.

But it was Sciona and its potential for putting a truly groundbreaking health product in the hands of ordinary people that really fired Chris’ imagination. “It’s a really fascinating area to be working in, with some tremendously talented people.

“I’ve never been a traditional chemical engineer but the scientific foundation combined with the skills and knowledge I gained through my MBA have enabled me to take my career forward in challenging and, I hope, innovative ways.”

He concludes, “Every day I see that there is a significant change in the UK climate for entrepreneurial innovation. There are now a lot of well-educated, ambitious young people using their technical education to launch themselves into business. When the SMF scheme started more than dozen years ago, this was almost unheard of.”

You may also be interested in reading interviews with the winners of the SMF MBA Scholarship.