As a member of the Advanced Analytics team in the Industrial Engineering department, I support client areas all across the company in departments including merchandising, transportation, resorts, food and beverage, costuming, and new project development.
My first major project is to support the launch of a garment replenishment model for the Creative Costuming department. On both a monthly and yearly basis, the model forecasts target inventory levels for each of the costume locations across Walt Disney World in Florida, Disneyland in California, and Disneyland Paris. The inventory positions are determined through forecasted levels of demand, retired, and lost garments. I have also created a report to identify opportunities to rebalance the level of garments at each of the costuming locations, i.e., transfer excess garments to locations with shortages. Both the costume replenishment model and the rebalance report will provide the Creative Costuming department with opportunity for cost avoidance and improved inventory forecasting for monthly and yearly budgeting. Read the rest of this entry »
Right now I am working as a Senior Analyst for the consulting branch of Spherion, also known as Provali Group. Our group specializes in IT consulting for companies of all industries and all sizes.
In the two years that I have been with the company, I have been part of due diligence assessments, vendor selections and business strategy deals for companies of every type from Fortune 500 banking companies with a worldwide presence to small, local private equity groups. In the past we have been involved with clients in finance, healthcare, manufacturing, retail, eCommerce, staffing, and telecommunications. Rather than starting out with menial tasks at this job, my background and education allowed me to immediately begin writing presentations and RFQs, meeting and interviewing clients, and presenting ideas to management.
I would definitely recommend Management Science as a major because of its versatility. My experience with the EMIS coursework was an excellent blend of hard-hitting technical classes and difficult, people-centric management courses. I know classmates that have gone on to work or study in every industry across the board. Eventually I would like to go to law school and specialize in intellectual property law, and I think that my Management Science background has helped to prepare me for that.
I work at Lockheed Martin Missiles and Fire Control. Since I’m in the Engineering Leadership Development Program (ELDP) my job title is Engineering LDP Sr. But once I’m done with the program I’ll go back to the Operations Analysis group and my job title will be Systems Engineer Sr.
Right now I’m in a Finance Rotation and I’m helping several programs prepare for an audit coming up next year. Since most of our programs are with the government, we get audited every so often. I’m also learning how the money gets allocated and how to set up the accounts so people can charge to the correct activity.
I would definitely recommend MS as a major. It gives you such a variety of opportunities because you learn both engineering and business. You learn so much from the classes where you have group projects. Although a lot of people don’t like the group projects because it’s hard to coordinate with everyone’s schedule. They give you real life experience of how to manage your time, how to work in a team environment and how to deal with different personalities. It was a great experience for me and it gave me a strong foundation for my career.
I work for Oliver Wyman as an Analyst for the Dubai office which serves as headquarters for Oliver Wyman’s operations throughout the Middle East and Africa.
What do I do in this job? That answer literally changes every day, which makes this job even more exciting. Essentially, Analysts at Oliver Wyman perform research and do analysis on a range of different topics. Your responsibilities depend entirely on the project you are staffed on and your specific role on that project. I have been responsible for research and data collection, complex quantitative and qualitative analyses, working with clients, and developing strategic models. In reality, my job changes every day, and I get to learn about all aspects of businesses from creation to redesign across a variety of companies throughout many different industries.
I would recommend Management Science as a major because the various components of the major come together to teach you to think critically. I would recommend that students also take as many finance and accounting classes as possible in order to build a solid foundation in business fundamentals. The most important skills coming out of university are critical thinking and problem structuring, and the classes offered in this major help develop those skills.
I currently work for Replay Sports Monthly, a DFW Sports & Lifestyle Publication, and for a Sports Marketing Agency called Franchise Sports Marketing. With Franchise Sports I work directly with the Founder & President of the company, overseeing all the marketing aspects of current and new contracts and deals we have set in place for our players. We mainly represent Dallas Stars hockey players and Texas Rangers players. With Replay Sports Monthly, I am the Advertising and Sales Coordinator, overseeing all aspects of ad content in the magazine, advertising contracts and producing events with sponsors and advertisers of the publication.
I initially entered Engineering because it ran in the family and figured it would be a great career to have… it was hard, but totally worth it! I would absolutely recommend EMIS! I changed my major from EE to EMIS, during my last year at SMU because I wanted to have some knowledge of the business world as well as engineering. EMIS was the perfect solution because it was still in the School of Engineering but still had the business and business management aspects that I wanted to learn about. I can now work with technical people but can also relate to the businessman that doesn’t know anything about the technical aspects; it’s great…and apparently it’s rare to find. Having studied Engineering has really opened a lot of doors for me because employers perceive you as an analytical thinker, problem solver, and someone that can pick things up quickly, in addition to knowing business aspects… They love it!
Basically, I work with the client to gain understanding of how they currently operate their business. I then work with them to understand where they would like to be. This could be anything from downsizing to expanding globally. I then work with my team at Accenture to design and build a system to meet their demand. Five months out of college I never thought I could have these sort of experiences with the largest companies in the world.
[Would you recommend Management Science as a major?] Yes. You gain a sound understanding of business optimization. Whether its a supply chain problem or a financial problem, I feel that my degree had provided me with the tools necessary to compete in the world TODAY. Also, I the curriculum was very flexible. I was able to obtain degrees in Management Science, Mathematics, and Economics. All in four years. You won’t find that flexibility anywhere else.
Great to hear from you! I would be happy to go into detail about my current job and how my SMU degree served as a perfect platform prior to launching into a full-time career.
First off, I’m glad you are still teaching this class for undecided first-years because I think that that was my biggest question when entering the engineering school for me and others. Meaning, many of us were strong in math and analytics so we started off on the Management Science route, but the question still lingered upon what to do with the degree upon graduation. I have found the answer: Consulting!
As you may remember, I initially entered into industry upon graduation at JPMorgan Chase within technology (first doing testing, then project management), but I found my roles to be less challenging than I had anticipated and I wanted a faster pace. I wanted to be able to travel and I wanted a lot of responsibility, even if I was an analyst at the bottom of the hierarchy. I didn’t know much about consulting, but I decided to apply to a few consulting firms during the Fall, after graduating that previous Spring. Long story short, I have now been at Deloitte for more than a year and a half. It’s great! Lots of travel, lots of opportunity (TONS!), and an amazing group of immensely talented co-workers who never hesitate to answer my questions or help me grow in the firm.
My role at Deloitte is as a Business Technology Analyst (BTA). So I am a BTA within Deloitte’s Oracle practice. At a high level, I’m a practitioner specializing in Oracle 11i E-business Suite, spanning every stage of the Order to Cash business process and I’m involved in every stage of the project lifecycle from requirements gathering to go-live. We perform large-scale, global ERP implementations for clients across all industries, specifically looking to upgrade, consolidate, or change their financial systems.
My typical week is:
Monday: fly out of Dallas to client site (currently staffed in the Silicon Valley, 40 minutes from San Francisco)
Tuesday through Thursday: Work hard and meet with clients on-site once I get in on Monday through Thursday afternoon (responsibilities include anything from helping solve/solution any business problems or customizations the client may need to managing client resources overseas to configuring the modules within the order to cash thread to building out a project plan, etc. It can be very challenging, but you learn quickly)
Thursday night: fly back to Dallas
Friday: Work from home (hopefully Friday serves as an easy day after 4 intense days at the client)
Also, it’s worth mentioning that I plan to attend grad school in 2010. Deloitte does not require their analysts to go to b-school, but will support and pay for those that decide to take this route. Consulting is great experience prior to entering an MBA program so I’ve been actively researching schools that I’m interested in (currently looking at Kellogg, Stern, Columbia, Tuck, and McCombs).
In summary, since Management Science is in the engineering school, I think there is a lot of emphasis on moving into a technical career post-college, but it’s actually kind of a hybrid degree between business and technology. Because of this, I think students graduating in Management Science are very marketable to consulting firms (especially Accenture, Deloitte, IBM, Bearing Point, etc.)
Hopefully that gives you a good snapshot of my career path. Let me know if you would like me to expand on any of the above. And if any of the students need additional convincing about choosing Management Science, let me know!
I work with clients to help them optimize their supply chains. This means driving benefits through lower inventory, lower operating costs and higher customer service. My projects have involved a wide variety of specific initiatives but a lot of them focus on:
Improving forecast accuracy through the use of advanced mathematical models and process improvements
Improving inventory planning through statistical calculations based on known variability
Improving how companies allocate supply to forecasts (master production planning, distribution planning, shop floor scheduling)
Lowering total landed cost of a product by calculating the trade-offs of different scenarios and considering the balance of production, inventory, transportation and other costs
Determining the optimal distribution network based on the cost trade-offs of different scenarios
Most of my work has been for large consumer products companies like Tropicana, Frito-Lay, Kraft and Heinz.
– Would you recommend Management Science as a major? Why?
Absolutely. Most of my work falls directly in the sweet spot of what Management Science is all about - using math to solve business problems. MS will give you a skill set to know how to calculate and model complex situations to drive tangible, real value which is very important - especially in this economic environment.
I work at Merrill Lynch & Co. as an investment banking analyst. I model debt and equity offerings, mergers, joint ventures, acquisitions and divestures. I create presentations of the material I prepare and manage the processes for each of those types of projects. Engineering was a great thing to have on my resume, and I believe it very much helped my resume grab attention.
I have had the AMAZING opportunity to be part of Raytheon’s Leadership Development Program in the contracts and business development functions upon receiving my B.S. in both Management Science and Mathematics in May 2006.
The LDP is a two-year rotational program focusing on professional development, contracts specific training courses, leadership development through seminars and mentoring with upper-management, cross-functional training and interaction, exposure to more than twenty different Raytheon facilities and all six businesses, and networking with both Raytheon’s internal and external customers.
Also, while I was in the LDP program, Raytheon supported my desire for advanced education and helped fund my MSEM degree from SMU. Because of the 4+1 program SMU offers I was able to graduate in May 2007.
In May 2008, I graduated the LDP program where I decided to participate in another cross-functional assignment. I am now working as a Senior Systems Engineer in Plano, TX for the Future Combat Systems Program for the U.S. Army. In my current role, I perform reliability predictions, modeling and simulation, failure analysis, and system integration for the medium range electro-optic sensor that will be placed upon the war fighter’s Army tank.
Choosing Management Science as my degree was one of the best and smartest decisions I have made in my career so far. What other engineering degree allows you to work on the business side and engineering side at the same company? Management Science combines core engineering principles, while exposing you to the broad area of business so you are infinitely more marketable because of the depth and breadth you bring to the table.
If students have particular questions they are more than welcome to email me!! (email@example.com)