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Lessons on Leadership From Christopher Nolan’s “The Odyssey”

Three organizational behavior scholars on outgrowing familiar strengths, managing from the middle and navigating the limits of control.
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Three organizational behavior scholars on outgrowing familiar strengths, managing from the middle and navigating the limits of control.

Odyssey film poster
Odyssey film poster
We asked three Rice Business organizational behavior faculty what Christopher Nolan’s film adaptation of Homer’s “The Odyssey” says about leadership. Their answers pull on three different threads: when a leader should hold back their own authority, what the second-in-command absorbs from above and below, and why determination alone cannot guarantee the outcome.

 
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Brent Smith

When a leader outgrows the strengths that brought them success

Brent Smith, Senior Associate Dean for Executive Education and Associate Professor of Management and Psychology – Organizational Behavior

We usually think of Homer’s Odyssey as a story about return. Odysseus wants to reach Ithaca and reclaim the life he left behind. For managers, the deeper lesson is whether a leader can become larger than the identity that once made him successful.

Odysseus begins as a warrior, strategist, and man of reputation. His strengths help him survive, yet they also become traps. After escaping the Cyclops by calling himself “Nobody,” he cannot resist revealing his name. He reclaims recognition too soon and pays for it. Managers face a similar danger: the decisive operator can become impatient with dialogue, and the expert can struggle to delegate. A strength that earned success may become too narrow for a larger role.

Odysseus’s journey disrupts his identity. He becomes a wanderer, captive, storyteller, beggar and observer. Each role requires a different way of acting. Leadership growth often works this way. The old approach stops fitting before a new one feels natural.

His most important leadership lesson comes after he reaches Ithaca. Disguised as a beggar, Odysseus enters his own home without recognition. He must watch, listen, study loyalties, and wait. The man who once needed his name to be known learns the discipline of remaining unknown. Managers sometimes need the same restraint. Leadership can mean delaying authority, observing before acting, and putting purpose ahead of recognition.

This is the gift of reimagining: becoming more than the old version of yourself allowed. The manager rewarded for answers learns to ask better questions. The leader who relied on control learns to create room for others. Odysseus returns as himself, but with a larger identity. That is the leadership promise of “The Odyssey.”

 


 

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Sora Jun

Caught between the leader and the crew

Sora Jun, Assistant Professor of Management – Organizational Behavior

The character I found most interesting was Eurylochus (played by Himesh Patel), Odysseus’s second-in-command. With some caveats about comparing group- and individual-level hierarchies, I see him as a kind of middle manager.

Eurylochus holds “middle status” within the crew. He has the trust of both Odysseus and the men, but he also faces pressure to manage relationships upward and downward. We see him constantly translating the crew’s fears and grievances into something Odysseus will accept, while also having to convince the crew to follow Odysseus’s lead even when little explanation is offered.

This is close to what management scholars have studied about middle managers: Their job is to hold two levels of a hierarchy together without fully belonging to either.

I know the story is far more complicated than what the movie could show, but I think the crew’s fate is a reminder of what can happen when people in that middle-manager role aren’t given enough information, resources or real authority to do the job asked of them. The strain of managing competing demands from above and below can eventually break the trust the role depends on.

 


 

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Mijeong Kwon, Assistant Professor of Management – Organizational Behavior

When reaching the goal means letting go

Mijeong Kwon, Assistant Professor of Management – Organizational Behavior

What struck me most was the paradox of Odysseus’s homecoming. His determination keeps him moving, yet he returns only after letting go of his need to control the outcome.

Organizational theorist Karl Weick used a story told in a poem by Miroslav Holub about soldiers lost in the mountains. One soldier finds a map, which gives them enough confidence to keep moving. They eventually make it back, only to discover that the map was of the Pyrenees while they had been lost in the Alps. The map enabled them to act even though it could not accurately show them the way home.

Odysseus’s prophecy, that he and only he will make it home, may serve a similar function. We cannot fully anticipate how we will reach a goal, but sometimes a map or simply a belief keeps us moving.

The film also reminded me of Charles Lindblom’s idea of “muddling through”: Rather than advancing toward a goal through a comprehensive plan, real-world decision-making often consists of successive, limited steps, with the path becoming clearer only as we move.

I kept thinking also about the role of the film’s supporting characters. Odysseus makes extraordinary efforts to return home, but I wondered whether Penelope’s years of waiting and trust, and the actions of others who remained committed to him, also somehow contribute to his return. Relationships can shape outcomes in ways no individual can fully see or control.

For me, the movie tells a beautiful story about a paradox of motivation. My motivation may sometimes prevent me from reaching my goal by compelling me to control the outcome. I may reach it only after I let go. Yet reaching it may still be possible only because of the actions I took and the relationships I built while pursuing it.


 

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Pivoting to Product: Justin Jin’s Internship at IBM

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Find out how Rice MBA student Justin Jin '27 landed his summer internship at IBM.

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Justin at IBM Internship

Internship Company: IBM

Internship Department: Infrastructure - IBM Fusion

Internship Location: Austin, TX

Position Before MBA: Senior Software Engineer

Company Before MBA: Sabre Corporation

How did you secure your internship?

I found the posting on LinkedIn while searching for product management (PM) internships, and I saw that this job description matched my background in technology and decided to apply. I tailored my resume to the role, emphasized the parts of my engineering background most relevant to the job, and did my own research on the company so I could speak specifically about the product and where I could provide value.

 

What were your responsibilities during the internship?

During the summer, I owned two projects end-to-end. The first was building and launching an AI-powered seller enablement tool from concept to working prototype. The second was a three-day enablement event for sellers, where I led both the marketing that drove attendance and the production of the event itself, working closely with executives and speakers.

How did your MBA coursework prepare you for this internship?

All my classes I took at Rice were extremely helpful during my internship. For instance, Core Marketing helped me understand how to promote events and get participants excited. My product management elective helped me shift more into a user-first mindset. Core Communications was essential in presenting myself during interviews and later when it came time to demo my final projects.

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Summer in Austin, TX

How did the internship align with your career goals?

It was exactly the pivot I came to business school to make. After six years as a software engineer, I wanted to move into product management, where I could combine my technical expertise with customer and business strategy. This internship let me do the full PM job by letting me talk to users, define requirements and ship something people would actually use.  

What was your favorite part of your internship experience?

My favorite part was working with people from different backgrounds. On any given day, I might be working with PMs, sales, marketing, UX designers or software engineers. I enjoyed listening to and learning from so many different perspectives. Austin itself was a close second: I got to tour Q2 Stadium, played pickleball with other interns, hiked, swam at natural springs and ate good food!

What advice do you have for prospective students?

I would say, be curious but intentional. Come in with a game plan for what you want to learn while you're here. If you don't know exactly what that is yet, that's fine – but be proactive about finding the right people to steer you in the right direction. Reach out to your classmates and second-years; they're one of the best resources you have. And most of all, enjoy your time here. It goes fast.


Justin Jin is a Full-Time MBA student in the Class of 2027.

Interested in Rice Business?

 

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Justin Jin, Full-Time MBA '27
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Rice rises to No. 16 in US News rankings as engineering, business programs climb

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School Updates

The undergraduate business major, launched in 2021, rose four spots to No. 20 nationally. The entrepreneurship program climbed four spots to No. 8 — a rise of 23 places over the past three years.

Chris Stipes

Rice University has climbed one spot to No. 16 in the nation in U.S. News & World Report’s Best Colleges rankings, with the university also earning top 10 recognition for value, undergraduate teaching and student experience.

Rice ranks No. 8 among Best Value Schools and No. 8 for Undergraduate Teaching Programs. The university rose eight spots to No. 9 for Learning Communities.

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Rice University, Houston, Texas

The rankings evaluate nearly 1,700 U.S. colleges and universities using up to 17 measures of academic quality and graduate success.

Rice also earned recognition for undergraduate research and student engagement, ranking No. 20 for Undergraduate Research/Creative Projects and No. 24 among the nation’s Most Innovative Schools. The university continued its rise in the Top Performers on Social Mobility category, climbing another 17 places to No. 81. Rice has moved up 103 spots in the category over the past three years.

“Rice’s ranking among the top universities speaks to the extraordinary work happening across our university and our commitment to delivering an exceptional education,” President Reginald DesRoches said. “Our students learn from outstanding faculty, pursue meaningful opportunities inside and outside the classroom, and become part of a close-knit community that supports, challenges and inspires them throughout their time at Rice.”

The U.S. News recognition adds to a growing list of recent accolades for Rice. Earlier this month, the university earned the No. 16 spot in Forbes’ annual America’s Top Colleges rankings. Rice also ranked No. 10 in Niche’s 2027 Best Colleges in America rankings while placing in the top 10 across 18 academic disciplines and university categories. Rice also earned national recognition in The Princeton Review’s 2027 Best Colleges rankings, taking the No. 1 spot for Lots of Race/Class Interaction and placing among the country’s top colleges across measures of community, value and student experience.

“High-impact, experiential learning opportunities are central to the personalized education that Rice offers, and Rice faculty are second to none,” said Amy Dittmar, the Howard Hughes Provost and executive vice president for academic affairs. “I’m pleased to see that, along with the socioeconomic diversity of our campus, reflected in this year’s U.S. News & World Report rankings.”

Engineering and business programs earn national recognition

The George R. Brown School of Engineering and Computing rose four spots to No. 17 nationally among undergraduate engineering programs, with several programs earning strong rankings:

  • No. 7 Biomedical Engineering, up two spots
  • No. 17 Environmental Engineering
  • No. 22 Materials Engineering, ranked for the first time
  • No. 23 Electrical Engineering, up one spot
  • No. 25 Undergraduate Computer Science Programs, up six spots
  • No. 26 Chemical Engineering
  • No. 27 Mechanical Engineering
  • No. 33 Civil Engineering, ranked for the first time

“The continued momentum across our programs demonstrates the breadth of excellence in engineering and computing at Rice,” said Luay Nakhleh, the William and Stephanie Sick Dean of Engineering and Computing. “We are building on that strength by bringing together exceptional faculty and students to advance discovery, innovation and education across disciplines.”

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Virani Hall at Rice Business opened this fall.

Programs in the Virani Undergraduate School of Business also earned national recognition. The undergraduate business major, launched in 2021, rose four spots to No. 20 nationally. The entrepreneurship program climbed four spots to No. 8 — a rise of 23 places over the past three years — while the finance program ranked No. 28.

“The progress of our undergraduate school is especially meaningful given how quickly it has grown and matured,” said Jeff Fleming, interim dean of Rice Business. “The strength of our entrepreneurship ranking, in particular, speaks to a culture that encourages students to turn ideas into action and equips them to lead in a changing business environment.”

Rice’s economics and psychology programs in the School of Social Sciences also earned national recognition, ranking No. 36 and No. 50, respectively.

U.S. News & World Report publishes its Best Colleges rankings annually to provide students and families with comparative information about undergraduate programs across the country. The rankings incorporate a variety of measures, including graduation rates, faculty resources, financial aid, student debt and postgraduate outcomes.

For the full rankings and methodology, visit U.S. News & World Report.

 

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Rice Business has grown dramatically over the past decade, and that momentum now has a new home in Asha and Farid Virani Hall, a 112,000-square-foot building which now stands alongside McNair Hall, offering students a combined 300,000 square-feet designed to support the school’s expanding community of graduate and undergraduate students, faculty, researchers and alumni.

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5 Ways Rice Business’ New Building Will Change Your MBA

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Student Life

Discover how Asha and Farid Virani Hall at Rice University doubles space for MBA students, adding 112,000 square feet of high-tech classrooms, event hubs, study spots and dining areas.

Victoria Nguyen, Senior Manager of Facilities and Events Operations

For nearly 25 years, Janice and Robert McNair Hall has served as the primary home for Rice Business. But in that time, the community has grown — a lot.

The past decade has ushered in an expanded portfolio of graduate programs, including an Online MBA, a Professional Hybrid MBA and a graduate certificate in healthcare management, in addition to preexisting formats designed for full-time, executive and working professional students. Our community has also expanded in more ways than one: through faculty, staff, alumni and students, especially through new undergraduate offerings.

Today, Rice Business students have more room to call home, thanks to the newly constructed Asha and Farid Virani Hall adjacent to McNair Hall. This 112,000-square-foot state-of-the-art building not only relieves space constraints — it doubles the ability of our community to collaborate, innovate, thrive and establish lifelong connections here in the heart of Houston.

Where you learn matters. The right MBA environment can challenge your thinking and transform your growth and career outcomes. Here are five ways Virani Hall directly impacts the MBA student experience.

Interested in Rice Business?

 

1. Central business hub on Rice’s campus

Designed by the award-winning Architecture Research Office (ARO), the new facility sits seamlessly within Rice’s iconic oak-lined campus — nestled between McNair Hall and James Turrell’s “Twilight Epiphany” Skyspace.

Expanding beyond McNair Hall was vital. Over the past decade, the school has launched the Virani Undergraduate School of Business, expanded its graduate programs, doubled MBA enrollment and grown its community of faculty, staff and alumni.

The integrated business complex creates a single physical anchor point where MBA candidates, undergrads, MAcc students, Ph.D. researchers and world-class faculty naturally interact with alumni, business leaders and each other. Not only do Rice MBA students frequently network and collaborate across programs — sharing perspectives from different industries, backgrounds and experience levels — they join a strong network of 60,000+ Rice Owls.

 

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Tiered classrooms create an engaged learning environment.
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The dining area serves hot meals and snacks for on-the-go.
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The Event Center offers an upscale, flexible hosting space.
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There are many breakout rooms and small meeting spaces.
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Study with a view of the Turrell Skyspace.
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The O'Connor Atrium connects Virani Hall and McNair Hall.

2. Double the space to network and study

Rice Business hosts a lot. Now, Rice MBA students, faculty and alumni can gather with double the space, thanks to the combined 300,000 square-feet of Virani and McNair Halls.

Think Thursday Partios, Alumni Reunion Weekend, year-round conferences and competitions, even one-off coffee chats and networking events. Business students have twice as much room to collaborate, connect and study — and will have more opportunities to, now that Rice Business has noticeably expanded its on-campus footprint.

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The Ralph S. O'Connor Atrium in Virani Hall.

Finding a quiet nook or presentation prep space during midterms doesn’t need to be a battle. Virani Hall is home to a vast number of study spots, such as:

  • 13 breakout rooms are fully tech-equipped for interview preparation, case competition practice and group study. Students can reserve online.
  • Tables and seating line Virani Hall’s first-floor corridor and second-floor landings, so students can study with a view down the hall from their next class.
  • Spacious high-top and low-top tables in the Ralph S. O’Connor Atrium offer room for both group work and solo study in the midst of it all.

The Event Center, an elevated hosting space with a seated capacity of 235, and the O’Connor Atrium, a vast common area enclosing the former Woodson Courtyard, also provide the space our growing student body needs to connect with Houston’s broader business community.

In these spaces, Rice MBA students have more opportunities to host conferences and competitions, collaborate with peers and working professionals from across MBA programs, network with industry leaders and meet potential employers.
 

3. High-tech classrooms

Different challenges call for different spaces. Small breakout rooms for making tough decisions. Large, elevated classrooms for presenting new ideas to peers.

Whatever problem you’re solving next, Virani Hall offers a space for it — and the high-touch technology that few schools can say they offer, like advanced audiovisual tech and collaborative tools intended to enrich all MBA formats.

Virani Hall is also home to two graduate-only classrooms on its second floor, offering tiered amphitheater-style seating that’s designed to bring critical business discussions and faculty research to life.

4. All-day caffeine and dining options

A Rice Business favorite returns at last. Located on the ground floor of Virani Hall, Audrey’s cafe serves specialty lattes, classic coffees, teas, sodas and grab-and-go options like:

  • Almond and pain au chocolat croissants
  • Cinnamon rolls
  • Parfaits and overnight oats
  • Gluten-free muffins

Around the corner from Audrey’s is the Kalra Family Dining Hall, serving options spanning tacos and tortas to rice bowls and flatbreads. Whether you’re on campus four days a week or need a bite before an evening class, you’ll have lunch and dinner options available every weekday.

Rice MBA students never have to leave the business building to re-caffeinate or grab a meal between lectures.

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The terrace offers views of the Texas Medical Center.

5. Fresh air on the terrace

Inspiration often strikes outside the classroom. Some of the best conversations and memories happen outdoors. Rain or shine, Rice MBA students can catch a breath of fresh air on the new covered terrace outside the atrium and dining area.

Overlooking Jamail Plaza on the left, the Turrell Skyspace to the right and the newly planted sycamore grove against the backdrop of the Texas Medical Center — the patio is perfect for your next lunch break, outdoor group work or decompression between intense strategy sessions.



McNair Hall and Virani Hall do more than advance your on-campus MBA experience. Together, they allow you to enrich your education, create stronger connections with those around you and prioritize your wellbeing.

Pursuing an MBA is no easy feat — but joining a community like Rice Business can make it a lifechanging experience.


Explore the Rice MBA


 

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Finding What Drives You Mid-Career feat. Stuart Bell ’23

Flight Path
Flight Path
Energy

Stuart, senior manager of sustainability at Chevron Phillips Chemical, shares why, a decade into his career, he decided to enroll in an MBA program and how Rice Business has helped shape the way he leads and sees the world.  


 

Owl Have You Know


With over 15 years of experience at Chevron Phillips Chemical Company, Stuart Bell ’23 is leaving his mark on the sustainability world through his mission-driven and service-oriented mindset – a mindset that, he says, Rice Business helped him unlock.

Beginning as a process engineer, Stuart has held a multitude of positions across the Chevron Phillips ecosystem and is now the senior manager of sustainability. Stuart joins co-host Maya Pomroy ’22 to discuss why, a decade into his career, he decided to enroll in an MBA program and how Rice Business has helped shape the way he leads and sees the world.  

They also chat about his experience participating in Rice Board Fellows, why he started a wine club for Rice Business alumni, and his ultimate “ROI” from his time at Rice: a fiancee!

Subscribe to Owl Have You Know on Apple Podcasts, Spotify, YouTube or wherever you find your favorite podcasts.

Episode Transcript

  • [00:00]Maya Pomroy: Welcome to Owl Have You Know, a podcast from Rice Business. This episode is part of our Flight Path series, where guests share their career journeys and stories of the Rice connections that got them where they are.

    What do you get when you combine a chemical engineer, 15 years at Chevron Phillips, an MBA from Rice, and a serious passion for wine? Well, you get Stuart Bell. In this episode, we dive into Stuart's evolution from engineer to business leader, why he pursued an MBA, and how Rice Business helped shape the way he leads and sees the world.

    We'll also talk wine, Houston, college sports, and the people and experiences that have made the Rice Business community such a meaningful part of Stuart's life.

    Welcome to Owl Have You Know. I'm your host, Maya Pomroy. Our guest today is Stuart Bell, Professional MBA from the Class of 2023. Welcome, Stuart.

    [01:03]Stuart Bell: Thank you. Great to be here.

    [01:05]Maya Pomroy: We are thrilled to have you on the program. You are a somewhat recent graduate from the Rice School of Business. I mean, I guess it's been already three years. It seems like yesterday, doesn't it?

    [01:17]Stuart Bell: It certainly does. I would say that's my reaction whenever I think, "Wow, it's been three years since I graduated. It's been four years since I moved to Houston." It still feels like it was just yesterday, still getting to know the city in so many new and different ways all the time, barely scratching the surface.

    [01:32]Maya Pomroy: Yes, you are a transplant to Houston. You've been with Chevron Phillips for the past 15 years, and you started off with a BS in chemical engineering from the University of Kansas, graduated in 2011, and then moved to Houston five years ago, to come to Rice Business. So, did you grow up in Kansas?

    [01:51]Stuart Bell: I actually grew up in Alabama, so Roll Tide. And then we moved to Kansas.

    [01:56]Maya Pomroy: Roll Tide.

    [01:57]Stuart Bell: Roll Tide. You know, I've got a deep love for college athletics, football, basketball, baseball, you name it.

    [02:03]Maya Pomroy: You're in the right place then.

    [02:05]Stuart Bell: But it's a great spot to be, for sure. And when I was 12 years old, I lived in Tuscaloosa, Alabama, and what you love when you're 12 years old, you love the rest of your life, and that was Alabama football for me. But eventually we moved to Kansas in high school, and then I went to University of Kansas, which worked out really well, transitioning from football season to basketball season, because KU's pretty historic and successful during basketball season.

    [02:28]Maya Pomroy: So, your dad is a university president, I read. So, is that what brought you to Kansas?

    [02:34]Stuart Bell: Yeah. So, he started out at the University of Alabama, and then his next opportunity took him to Kansas. And so, we lived in Lawrence for 10 years. I went to high school there and then went to KU, which was... You know, it was great on many days. We were able to get breakfast on Wednesday mornings while I was in school, but he always quizzed me on what I was learning.

    So, that was certainly a sword that cut both ways. But yeah, that's what brought us to Kansas. And then eventually, after I graduated, I moved down to Texas, lived in a small town here out on my own, and before moving to Houston a handful of years ago.

    [03:06]Maya Pomroy: So, you have sports in your veins, in the blood that's running through your veins, and you also have academia, because you grew up in a household with a dad that was in academia. So, do you think that that had a big influence and impact on you?

    [03:21]Stuart Bell: Oh, without a doubt. There's just something about college towns. They feel a little bit different, and any time I walk into one, it feels like home. That's where I grew up, in those types of environments, in those types of communities. And so, for me, whenever I was looking to make a change, school was a natural way to go back and figure out how to take that next step for my life. So, it's definitely a big part of who I am. I love to learn.

    [03:44]Maya Pomroy: Yeah. So, let's start from your childhood. So, chemical engineering, is that something that was in your history, your parents, your grandparents? Did you grow up in an engineering household? What does your mom do as well? Is she an engineer?

    [03:57]Stuart Bell: She's not an engineer. She got her degree in marketing from... My both my parents are Aggies, so I like to say that I escaped...

    [04:03]Maya Pomroy: Oh, man, I went to UT before I came to Rice. We're going to have to have some words. I'm just kidding.

    [04:09]Stuart Bell: My grandmother's a UT grad, but both of her kids ended up at A&M. So, we've got a whole lot of interesting conversations around family reunion time when it comes to our college loyalties, without a doubt.

    [04:24]Maya Pomroy: So, your mom was in marketing, your dad was an engineer. Tell me about how you grew up.

    [04:27]Stuart Bell: You know, I think it's maybe something that I didn't really appreciate at the time, what it's like to grow up in college towns surrounded in that academic environment. It's such a small microcosm that you don't really recognize until you move out. But yeah, so my dad is an engineer through and through, and it certainly is in our family tree, without a doubt.

    My dad was an engineer, then I got my degree in engineering, somewhat surprisingly. My brother also got his degree in engineering. My brother-in-law married into our family, he's an engineer as well. So, there's a family tradition of going into engineering for sure.

    [05:05]Maya Pomroy: So, you said surprisingly, I caught that. So, let's go back. What was surprising about the fact that you decided to go down the engineering path?

    [05:13]Stuart Bell: Well, whenever I originally applied to undergrad, I applied as a political science and religion major. And that's where I started out thinking what I was going to do was go to law school or something in that vein. And through a series of conversations that I was reflecting on, somewhat recently, I'm like, "Wow, I made a pretty hard pivot that first year and ended up in engineering." But it's worked out for me now because I really love what I do and getting to make the impact that I wanted to even when I was going into college.

    [05:42]Maya Pomroy: Life is interesting, isn't it? You always end up exactly where you're just supposed to be.

    [05:48]Stuart Bell: I've had that thought so many times recently that it's funny how life works out. If you are open to it, if you say yes to opportunities, life finds a way of helping you end up in the right spot.

    [06:00]Maya Pomroy: That's right. So, you went to University of Kansas, you majored in chemical engineering, and then you have been with Chevron Phillips for the last 15 years of your life. So, was that your first job out of school?

    [06:12]Stuart Bell: It was indeed. I interned with CPChem while I was still in school, and then ended up accepting a full-time offer to go work at our Port Arthur facility, which is about two hours east of Houston.

    [06:22]Maya Pomroy: Oh, that's how you got to Houston was Port Arthur, Port A.

    [06:27]Stuart Bell: Port A indeed. I lived out there for 10 years, so from the age of 22 to the age of 32.

    [06:34] Maya Pomroy: Wow.

    [06:34]Stuart Bell: Yeah, all of my early opportunities in my career, I just happened to be out there in Port Arthur, Texas.

    [06:40]Maya Pomroy: So, you lived there for 10 years. Was it, you know, like entry level and then you worked your way up?

    [06:46]Stuart Bell: Oh, absolutely. I started, like I said, started out as an intern, then did process engineering, which is, you know, a lot of project work, really getting to sink your teeth into what it means to be a chemical engineer or any other type in a manufacturing setting. Put the textbooks to the test and figure out how to really do field engineering, build something. It's not just pencil to paper anymore, it's putting steel in the ground.

    So, did that for a long time. Then I spent probably about four or five years of my early career in operations. So, for us, CPChem operates facilities all around the globe and especially here on the Texas Gulf Coast. And I had an opportunity to work out on the front lines with our team to keep those plants operating safely and reliably day in and day out, and that was very formative for me. It was certainly action-packed day to day. You never knew what the day would bring you, and so it was invigorating, energizing, and I really loved doing that for a long time.

    But eventually I decided I wanted to take on a new challenge. Ended up moving into an optimization and energy role, and so got to dabble a little bit with broader plant economics, but also taking a larger perspective of our facilities and how do these individual units fit into a larger system and how do we make decisions on what the right way to operate any of our facilities are on any given day. So, really appreciated that transition and perspective, frankly, I think was part of the genesis for me eventually making my way to Rice some years later.

    [08:21]Maya Pomroy: So, yeah, organizational management, taking that wide view and realizing that everything isn't siloed and recognizing what the efficiencies need to be in order to, you know, prevent bottlenecks and all that. That's one of the things that I learned during my time at Rice, you know, you see these things, but then when you kind of zoom out, you're like, "Wait a second, now I get it."

    [08:42]Stuart Bell: I was like, "I can think of a lot of use cases where this is very, very applicable."

    [08:46]Maya Pomroy: Yeah. So, what was that day when you're like, "You know what? I think I need to sort of polish up my education and cut my teeth on something a little bit that'll bring me to the next step of where I should be going." Was there a moment when you decided, like, "I need to go back to school," or did it just sort of build on itself? What was it?

    [09:07]Stuart Bell: Well, it's certainly been building for a long time, but there was certainly a moment. So, I graduated in 2023, which means I started in 2021. And I imagine, like a lot of the folks who graduated in those years right around when I did, COVID provided a long period of introspection.

    [09:23]Maya Pomroy: To say the least.

    [09:25]Stuart Bell: Yeah, that's to say the least. I'd been out in Port Arthur for 10 years at that point in time. And I was like, "You know, I think it's time to really think about what my next step wants to be." And it goes back, and my mind went back to where you opened the conversation is, "Where did I feel at home? Where's the communities that I've been a part of and helped me make decisions in the past?" And academia, going back to school was such an easy answer for me.

    The particular moment, though, was during Winter Storm Uri, which hit Houston and Southeast Texas in February of 2021. I was still working at the plant back then, and it walloped all of us pretty hard. And so, we were in active recovery at the sites, trying to get everything back up and running like normal. And I remember thinking, like, "I really love this and I find it very fulfilling, but I also wonder what else is out there." And that really was the spark.

    And so, I had that thought in February 2021 and basically speed ran MBA application processes between February and May of 2021-

    [10:35]Maya Pomroy: Wow.

    [10:36]Stuart Bell: ... and ended up deciding to join Rice in July of 2021, a couple of months later. So, for me, it was I found that moment that drove me to make a decision and I was off to the races.

    [10:47]Maya Pomroy: Why Rice? You know, I mean, there are so many okay business schools. Sorry, I'm biased, but there's a lot here in Texas, and so what was it about Rice that really was the place that you decided, "You know what? This is where I need to be"? I mean, obviously Houston based on the industry that you're in, but what was it also about Rice that drew you to it?

    [11:09]Stuart Bell: You know, I would say the industry was certainly secondary. I really reflect back on why I was going to the MBA. And a lot of it was for personal growth and personal reasons. Like I said, coming out of COVID, I'd been in Port Arthur on my own for about 10 years. And so, as much as I was looking for professional growth, I was also looking for personal growth.

    And so, for me, I was looking for a community where I could plug in, build relationships, and be an engaged member of whatever the school had going on. And so, whenever I was comparing all of the different options out there, being able to be on campus, in person, connected to a world-class institution, but also one where there was resources available, there was plenty of extracurricular activities that could help me connect with some of my fellow classmates and frankly get to know a big city like Houston again for the first time. Those were the things that really pulled me to Rice, the access to community, and building that personal growth trajectory, more than anything else.

    [12:23]Maya Pomroy: It is a gem in a really, really big city. And they're very deliberate in the class structure of who they bring together is what I've learned about Rice. And so, I remember when I was there during COVID, and you look to your left and you look to your right, and you're like, "These people are amazing, and I'm not quite sure what I'm doing here with all of these people that are, you know, trying to figure out a cure for brain cancer," and like all of these things that at the beginning, you've got this like imposter syndrome a little bit, but then after a couple of weeks, you're like, "Wow, like these are incredible human beings, and I guess I belong," right?

    [13:00]Stuart Bell: Oh, without a doubt. That was so much of what I wanted was I was like, you are a product of the people you surround yourself with.

    [13:06]Maya Pomroy: Yes.

    [13:06] Stuart Bell: And so, I want to surround myself with the very best, and I want to be a part of that community. I want to find it. I want to foster it. And I certainly found that at Rice. Today, I still, most of my best friends in the city are folks that I met while I was at Rice, and I continue to be amazed at what they're out there doing day in and day out. Listening to the Owl Have You Know podcast and hearing stories from other folks from the alumni that are doing really incredible things. I feel fortunate to be a part of it.

    [13:33]Maya Pomroy: As do I. And I was looking at some of the extracurriculars that you are a part of, which I was a part of, too. I was like, "Yes, this is awesome." So, you're a part of the Rice Business Student Association, Rice Board Fellows, and the Wine Club. I wasn't part of the Wine Club. Can't drink wine. But I mean, you really, really took advantage of every opportunity that Rice granted.

    So, tell me about Rice Board Fellows, and tell those that don't know what Rice Board Fellows is about that program and that opportunity. It really is, I believe, really unique to Rice in comparison to other business schools.

    [14:05]Stuart Bell: I think it is. I don't know that I've ever talked to anyone else who went to different schools that have had an opportunity quite like Board Fellows. And it was one of the principal reasons that Rice initially stood out to me was because of Board Fellows, and I knew it was something I wanted to do if I was lucky enough to join the cohort.

    So, Board Fellows is a program that Rice puts together that pairs MBA candidates with various nonprofit organizations around the city. For me, that was something that I was very interested in. Obviously, my father being in education, the nonprofit sector is very close and adjacent. This mindset of service back to the community and society, is something that was important to me and something I was... It was an itch I wanted to scratch.

    So, Board Fellows gave me a very structured way to go about doing that. And it worked out even better because, you know, when I'm not watching college football or basketball, I spend a lot of time outside. And there are several fantastic nonprofits that Rice is connected with that are focused on conservation, creating wild green spaces in and around Houston that folks in the community can have access to.

    And so, I was fortunate enough to get to work with the Cullinan Park Conservancy down in Sugar Land. I was actually out there just not that long ago, walking some of the trails that we were planning to put in three and four years ago. That was crazy to think about.

    [15:25]Maya Pomroy: It is crazy to think about what you were a part of that you watched, you know, cultivate and grow. That is something that I think is unique also about Rice is that this desire to give back to our community in very tangible ways that, you know, it's not just a show up one day. It's literally be a part of something special from day one if you want to be. So, how many people were in your cohort? Because it was a COVID cohort, right?

    [15:50]Stuart Bell: It was. So, I did professional weekends, which I loved. That was definitely right for me, because whenever I started the program, I didn't live in Houston. I was still commuting over on Fridays and Saturdays from Port Arthur. And we had 65 people in our cohort, so 13 groups of five.

    [16:07]Maya Pomroy: Small.

    [16:08]Stuart Bell: Yeah. You know, much like you were saying, they're very thoughtful about who they put in the cohort together. They're very thoughtful on who they put on the teams together. Hopefully, identify complementary skill sets so that your strengths are augmented by the strengths of your fellow team members.

    And for us, I think it was a big help in that first year. A lot of folks talked about the shock of going back to school for the first time. And I think that's true for me. I don't think I had quite as much a reaction to it as some people have reported, and maybe some of that was due to just how connected I was with some of my teammates. You know, I just recently got engaged to someone that I met while I was at Rice and was...

    [16:49]Maya Pomroy: Yes. We were obviously going to talk about that. Congratulations.

    [16:52]Stuart Bell: Thank you very much.

    [16:53]Maya Pomroy: Congratulations.

    [16:54]Stuart Bell: Thank you. But I mean, the first group of folks that sent the note out to were team members and other folks that I met while I was at Rice and spent a lot of hours working on Rice, but also a lot of hours at Valhalla and Wine Club and whatnot too while I was there.

    [17:09]Maya Pomroy: Valhalla's amazing. It's right there, you know? So, the Wine Club at Rice. So, I know a couple of people that are really, really engaged in that. So, you ended up starting an Alumni Wine Club after graduation. So, tell me, were there a couple of you that started that, or was it just sort of your own idea to do something like that to keep people together and...

    [17:30]Stuart Bell: Yeah, no, it takes a group of folks to get anything done, I think. And so, yeah, it was a group of us that were in the Wine Club as students that decided we wanted to put it together. And, you know, I take a step back. Of all the organizations I was a part of, Wine Club was maybe the most meaningful personally.

    [17:46]Maya Pomroy: Really?

    [17:46]Stuart Bell: Like I said, I was... I didn't live in Houston at the time, and so I was new to Rice, getting to know all these people, but also getting to know the city. And Wine Club provided a vehicle by which I could get to know the city of Houston in a really intentional way. So, it was going out to great restaurants and-

    [18:07]Maya Pomroy: What's your favorite?

    [18:08]Stuart Bell: ... patios. Favorite restaurant in Houston right now?

    [18:11]Maya Pomroy: I know it's a hard question.

    [18:13]Stuart Bell: It certainly is. I would say an old favorite that we go to time and again is Rainbow Lodge in the Northwest Heights.

    [18:23]Maya Pomroy: Yeah. It has great vibes.

    [18:23]Stuart Bell: Great atmosphere, great vibe. Been there a long time. We find ourself back at Rainbow Lodge fairly regularly. Great wine program too. So, it's a favorite for sure.

    [18:34]Maya Pomroy: So, your fiancé, was she part of your team?

    [18:37]Stuart Bell: She actually worked at Rice.

    [18:40]Maya Pomroy: Oh, that's amazing.

    [18:40]Stuart Bell: So, she's... Yeah, and she still works at Rice. So, it's like you said, whenever I wanted to be part of the community, I wanted to be on campus and get to know the whole university. And so, she worked at the business school while I was there. We connected fairly early on while I started going to school and we eventually made it official here a few months ago.

    [19:01]Maya Pomroy: I love that. What a beautiful love story.

    [19:04]Stuart Bell: People frequently ask me, "Was it worth it to go to Rice and get your MBA?"

    [19:08]Maya Pomroy: Yeah.

    [19:09]Stuart Bell: And I'm like, "Well, I got my ROI."

    [19:11]Maya Pomroy: I found... Yeah, exactly. I found the love of my life and, you know-

    [19:15]Stuart Bell: That's right.

    [19:16]Maya Pomroy: ... that's incredible. I love stories like that. You know, there's a couple of husband-and-wife teams, professors at Rice that I've had the pleasure of interviewing and it's always, you know, Rice brings people together from all walks of life and, you know, like I said at the beginning, you end up being exactly where you're meant to be, and then clearly both of you were.

    So, that's really kind of magical. But yeah, you definitely got your ROI on that front. And then, let's talk about your ROI for the professional front. Were you able to really take what you learned right back to work or was it later where you sort of started putting those pieces together? Or how did that transpire?

    [19:55]Stuart Bell: Well, I would say it was immediate and it's continual. I mentioned that I'd been out in Port Arthur working in largely technical roles for 10 years when I decided to start the program. And within a few months of starting the program, just by dint of the commitment that I had made to go pursue the MBA, I was able to make a transition into the business side of CPChem.

    So, I moved from an engineering role into a commercial role, trying to make sure to find good homes for a lot of the products that CPChem makes. And I'll tell you, I needed my financial accounting class early on as I was making that transition.

    [20:32]Maya Pomroy: Those are the hardest. Those are some of the hardest classes.

    [20:35]Stuart Bell: I'm grateful for them, I'll tell you that. It would've been harder if I hadn't been going through them and just trying to, you know, learn off YouTube or something like that, I think. So, for me, it was perfect. But yeah, I was able to immediately apply a lot of the lessons that we were learning in the new job. It was very beneficial both in accelerating and maybe helping launch that pivot from the technical into the commercial role for me, and then helping me be successful for several years while I was still in it.

    And then I would also say, though, I made another change about two and a half years ago where I left our commercial organization and moved into our corporate planning, research and technology and sustainability group. And now, I work in the sustainability organization for CPChem, and that was really a reflection of what I learned about myself while I was at Rice.

    There are too many great classes that I took while I was there that was very meaningful, but a lot of the courses on organizational behavior have really stuck with me and resonated. And in particular, one of my friends, one of my teammates, Rodrigo, he recommended a book to me that has stuck with me for quite a while on how to chart your path for your own career. And it's how an MBA would approach finding out what it is that you want to do, where your passion is, where you're going to be successful. It's taking these sometimes soft and hard-to-define goals and putting a framework around them to give you confident decision-making.

    [22:05]Maya Pomroy: What's the book called?

    [22:07]Stuart Bell: The book is called The Strategic Career. It ultimately guided me to some realizations about myself that, you know, I'm a very mission-driven person. You know, the way you opened the dialogue around community really sticks with me, that I want to be service-oriented.

    And so, within our business, I saw sustainability as a way to merge so many of my passions, passions for the outdoors, passions for the communities that we serve, and leverage a lot of the both experience I'd had at CPChem, but also the lessons I'd learned while at Rice, and hopefully help advance the organization and that mission.

    And so, for me, I would say pivoting then again a second time out of the commercial space into the sustainability one is a direct result of my time at Rice.

    [22:55]Maya Pomroy: So, what are your plans for the future? I mean, obviously you're going to get married. You have a date yet?

    [23:01]Stuart Bell: You know that I have not found an MBA framework that helps you plan a wedding yet.

    [23:08]Maya Pomroy: Organizational behavior? Come on.

    [23:10]Stuart Bell: Yeah, it's funny how I have certainly tried to apply, "Okay, now what are my goals? What's my vision? How do I reduce that to a strategy?" So, we're still working on the date and the venue and getting all of that nailed down right now. But I understand where... What success looks like, so, you know, the hard part's done.

    But yeah, certainly that is high on the priority list for the next year is to have the wedding and get married and start our life together. Beyond that, it's continuing to find out more about myself and figure out where I can make the most impact, you know? Like I said, being a mission-driven person, I think whenever I realized that's really what helped me get up in the morning, is what gives me energy and what gives me drive to go out there and succeed.

    Making sure that I stay connected to what my vision for success is and helping advance it is certainly what's next. I love being in the sustainability space. You know, very practically, it's a new and emerging space for many industries, and so you don't have as many incumbents, and so you can grow really, really fast. And so, there's a ton of opportunity out there, even if there are some headwinds in this moment right now.

    [24:21]Maya Pomroy: Yeah, I was going to talk about the headwinds. It's a little... It was, yeah, there was... I mean, yeah, there's definitely been a pivot with sustainability as well.

    [24:30]Stuart Bell: I think about it often that, you know, as soon as I got in, I think there was a change in the pace for sustainability these last two years. And I think it's true. I think the world's learned that it's complicated. These are complex problems that involve a ton of different people and have a ton of different impacts.

    And so, let's not run away from that truth. Let's engage it, because that's how we're actually going to advance. That's how we're going to make the next step in the narrative. That's how we're going to make the change happen that so many people think does. So, I think a lot of it is very healthy in that we're having to find out what really matters and make disciplined decisions. But yeah, it's certainly facing more headwinds today than it was a handful of years ago.

    [25:12]Maya Pomroy: Well, and it also requires leadership, which is also something that Rice Business is really acutely focused on instilling in every single person that goes through the program. You know, it's about asking those hard questions. And so, I think that by, you know, standing by your morals and your values and your northern star and saying, you know, like, "I understand that that may not be popular right now, but it's still the right thing to do," that's a hard thing to do.

    [25:36]Stuart Bell: Oh, yeah, it certainly can be. I do think now is the moment where leadership is more crucial than ever to stay resolved, to stay firm on that north star, the direction that we need to go.

    [25:47]Maya Pomroy: You know, that's what I learned in Brent Smith's class and in Jon Miles' class and in so many different classes that you really do have to understand that you're going to be challenged for the rest of your life. There's ethics and morals and values and psychology and all of these other things that are a part of business that I don't think a lot of people realize. You know?

    Like you go to business school and you go, "Okay, so I'm going to, you know, be better at reading financial statements, and I'm going to be better at, you know, understanding how finance works and CAPM and all these other things." But it's all based on humanity, right?

    [26:25]Stuart Bell: Without a doubt. I would say that to your point, that's not something you expect whenever you start the MBA program. You may think that, "Oh, I got to figure out how to calculate my weighted average cost of capital." But unpacking what it is that motivates people and organizations to help them be successful, to stay aligned, to achieve some of those goals, that for me, that resonated more than many, many, many of the other courses.

    And I had written down both Brent Smith and Professor Miles' names today just to make sure I had them top of mind in case it came up, because so many of the lessons learned. I'll tell you, I recently was working with our team and they were like, "Stu, what's one of the things that you really, like, fundamentally changed your perspective on about the world, going through school and whatnot more recently?"

    And it was one of the books that Brent Smith assigned us to read, and it was Thinking, Fast and Slow. And bringing in that individual cognitive lens to decision-making and how that affects economics and the decisions people make day in and day out, I find endlessly fascinating and fairly fundamental to how I approach both professional life, but also trying to advance some of those larger missions that are important to me.

    [27:38]Maya Pomroy: So, what's next? What do you want to do five, 10 years from now? Where do you see yourself?

    [27:44]Stuart Bell: Well, probably, hopefully, still part of the Alumni Wine Club. That looms very large in my imagination at the moment. You know, traveling the world, drinking wine, just exploring what the world has to offer. You know, I think for me, sustainability and this broader space has got so much opportunity and so many new problems and challenges to solve that I'm excited to keep working on that.

    I think there are definitely some key skill sets I would love to strengthen, and I think Rice has helped position me to know what those are and hopefully go get them. But I would like to stay working on these types of topics. So, for me, another one of the things that I've learned is being a member of a team is really important, and that's part of why I've been at CPChem for so long, is, really love the team and everyone that I work with.

    [28:33]Maya Pomroy: Makes a difference, that kind of loyalty. I mean, people, you know... When I talk to people that have stayed at the same company for 10, 15, 20 years, you know, it's like, what's that secret sauce that keeps you there, right? It's about the community, right? It's about the community, and it's about the loyalty, and it's about really, really feeling like you're a part of something that makes a difference.

    [28:53]Stuart Bell: Without a doubt. And so much of the time for me at least, it's easy to work a little bit harder to help out the person next to me and say, "You know what? You're struggling with that, let me jump in and lend you a hand." That is motivating. There's a lot of relationships.

    [29:07]Maya Pomroy: That's leadership. But that's leadership.

    [29:10]Stuart Bell: Yeah. And maybe we've just got a lot of great leaders that I've been able to work with over my time here, professionally. I certainly have appreciated all the investment they've made in me over the years, without a doubt. It makes a big difference when so many of my strongest relationships, both at work but also in MBA, are just forged through really, really challenging moments where you had to put your nose to the grindstone and push through and knowing that you've got a team around you, folks who have your back to push through it with you. There's nothing you can't solve.

    [29:42]Maya Pomroy: That's true. So, if somebody's thinking about going to Rice, they're kind of in your shoes from, you know, a couple years ago and they're just kind of like, "Ah, I don't know. Thinking about it, but I'm sort of on the fence," what would you tell them?

    [29:55]Stuart Bell: Know what you're looking for. Know why you're going. Rice is going to teach you how to think in a new and different way, and it's going to lead you somewhere you might not have even considered because it's going to open your eyes. But it's also going to give you a network and a community that will make you stronger, more fulfilled, while it does that.

    So, for me, like I said, you know, we joked, you know, did I get my ROI out at Rice? And even if I hadn't been successful in making the career changes that I wanted to and growing before I went into the program, the relationships I made, one in particular, would've made all the difference in the world for me, and that would've been enough.

    And so, think about what it is that you really want, and don't think too small. Rice can deliver on big dreams. And if it is something that you're looking for community, if you're looking for introspection, if you're looking for life change, Rice is the answer.

    [30:56]Maya Pomroy: That's the place to be. One final question. Favorite bottle of wine?

    [31:02]Stuart Bell: I will tell you, I am certainly more of an enthusiast than an expert when it comes to wine. But living in Houston, dry white wine is hard to beat. And we actually were just doing a tasting a couple of days ago, and I got introduced to a new wine that I'd never heard of before called Muscadet. And it's from the Loire Valley in France, and I tell you, it was a great bottle. I'd have had another one if I could have. So, maybe for today, that would be my pick. Muscadet.

    [31:31]Maya Pomroy: Well, I have a feeling I know what you and your fiancé are going to be doing for your honeymoon. You're going to be traveling the world and tasting all sorts of wine. Might be in the Loire Valley. You never know. That'll be a...

    [31:42]Stuart Bell: Wedding first. Wedding first. Staying focused on the mission. But yeah, I'm excited to start planning that [inaudible 31:49].

    [31:50]Maya Pomroy: Well, Stuart, it's been a pleasure chatting with you. Thank you for taking the time. Congratulations again, and hope to keep up with you and see where you are maybe five, 10 years down the road. I have a feeling that your life is going to get busier.

    [32:03]Stuart Bell: It certainly will. And thank you again, Maya. Thank you so much for having me on. Really enjoyed today's conversation and look forward to catching up soon.

    [32:12]Maya Pomroy: Thanks for listening. This has been Owl Have You Know, a production of Rice Business. You can find more information about our guests, hosts, and announcements on our website, business.rice.edu. Please subscribe and leave a rating wherever you find your favorite podcast. We'd love to hear what you think. The hosts of Owl Have You Know are myself, Maya Pomroy and Brian Jackson.

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Stuart, senior manager of sustainability at Chevron Phillips Chemical, shares why, a decade into his career, he decided to enroll in an MBA program and how Rice Business has helped shape the way he leads and sees the world.  


 

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Borrowing Is Set To Get Even Pricier

U.S. consumers and businesses are now facing a future of more expensive borrowing.
Finance
Rice Business Wisdom
Credit & Lending
Economics
Finance and Investing
More Business Wisdom
Credit & Lending

U.S. consumers and businesses are now facing a future of more expensive borrowing.

Pile of coins and miniature house
Pile of coins and miniature house

By John W. Diamond (Rice University, Edward A. and Hermena Hancock Kelly Senior Fellow in Public Finance | Director, Center for Tax and Budget Policy)

Originally published in The Conversation

Federal Reserve Chair Kevin Warsh, wearing a grey suit and a blue tie, speaks at a news conference in Washington on July 29, 2026.

Federal Reserve Chair Kevin Warsh has recently emphasized the importance of bringing inflation back down to its target of 2%. AP Photo/Mark Schiefelbein

From mortgages to auto loans to credit cards, borrowing is set to get even pricier.

But the Federal Reserve’s decision on Sept. 16, 2026, to hike its baseline interest rate also highlighted an increasingly confounding dilemma: It can raise the price of money across the economy, but it can’t determine which sectors are most affected.

That means the rate increase may further slow the weaker parts of the economy, such as housing, while barely affecting the strongest, namely the relentless investment in artificial intelligence.

In its statement summarizing its unanimous vote, the Fed’s policymaking committee said it was raising its benchmark rate by a quarter percentage point so that it now stands at a new target range of 3.75% to 4%. It described inflation as still “elevated” and noted that other economic indicators remain strong, from productivity to investment, to domestic spending.

As a scholar of public finance, I believe the Fed probably had little choice but to raise rates given its commitment to maintain inflation-fighting credibility. Markets had already expected the hike, and if the Fed had failed to deliver, it might have pushed longer-term interest rates even higher amid concerns it was becoming less wedded to that target.

But the Fed’s action also underscores that the U.S. increasingly looks like an economy moving at two very different speeds. Investment in AI – whether through data centers, computing capacity or related infrastructure – has been booming, while it’s crowding out other kinds of investment.

Meanwhile, the housing market is getting crushed by high mortgage rates and diminishing affordability, while consumers are carrying ever more expensive credit card and auto debt.

Many small and traditional businesses are also in a bind as they face substantially higher financing costs than they did several years ago. Those costs reflect the rising yields on longer-term U.S. government debt, which have been going up for months on a mix of factors: Longer-term inflation concerns due to soaring U.S. government debt, geopolitical risks driving up energy costs, and ongoing financing demand for AI.

On Sept. 14, the yield on the 10-year Treasury crossed 5% for the first time since 2023.

An elusive inflation target

When the Fed hikes short-term interest rates, it slows down economic activity by making borrowing more expensive and saving more attractive.

That mechanism works particularly well when consumers are deciding whether to finance a house, purchase a car or take on additional debt. It also discourages businesses from making investments when the expected return is only modestly above their financing costs. As demand slows, businesses have less room to raise prices, easing inflationary pressures.

In this case, the Fed justified its move by citing “elevated” inflation and noting that it “will support a timelier return” to its goal of an annual inflation target of 2%. It also suggested the economy would be able to absorb the tightening and described economic activity as “expanding at a solid pace.”

The decision aligns with Fed Chairman Kevin Warsh’s recent comments that restoring price stability is central to the Fed’s credibility. In a key speech in August, he underscored his commitment to bringing annualized inflation back down to 2%, an objective he called a “firm, fixed target” – a turnaround from his more ambiguous comments in July.

But in recent months, the economic data has shown that the 2% annual target remains elusive. Consumer prices rose 0.4% in August and 3.4% over the past year. Meanwhile, the war with Iran has pushed oil prices back above US$100 a barrel, adding a new source of inflation pressure through gasoline, diesel, transportation and production costs.

At the same time, the labor market isn’t faltering. The economy added 162,000 jobs in August, while the unemployment rate remained at 4.1%. The one notable concern is the persistence of long-term joblessness despite the strong headline numbers. More than one-quarter of unemployed Americans have now been out of work for at least six months.

Taken together, those numbers suggested there was room for the Fed to hike rates, given that the economy isn’t sliding into recession. So investors overwhelmingly expected the Fed’s rate increase.

An uneven economic hit

However, tighter monetary policy carries a risk: It falls disproportionately on sectors that are already struggling and highly sensitive to interest rates, while having less effect on one of the economy’s strongest sources of demand – the booming AI investment cycle.

Housing provides the clearest example. Persistently high mortgage rates are reinforcing the “lock-in” effect for current homeowners. Millions of homeowners financed their houses when mortgage rates were 3% or 4%, so they’re staying put, with little incentive to sell their home and purchase another at much higher rates.

Mortgage rates are mostly influenced by longer-term factors, including Treasury yields, inflation expectations and market expectations about the future path of interest rates. But the Fed’s decision still matters. Markets increasingly expect today’s hike to be followed by additional increases, signaling that it views inflation as a more persistent risk and putting upward pressure on longer-term interest rates.

That expectation will keep mortgage rates high – probably resulting in fewer home sales, less mobility and continued headwinds for prospective buyers. It’s also likely to make renting relatively more attractive for potential homebuyers who are priced out of buying.

A red and white 'for sale' sign is displayed outside a home in Portland, Ore.

The U.S. housing market continues to languish, with mortgage rates nearing 7%. AP Photo/Jenny Kane

Higher-for-longer rates also change how consumers save.

When interest rates were near zero, they earned almost nothing on safe assets. Today, Treasury securities, money market funds and other relatively safe assets offer meaningful returns. Higher rates therefore tend to shift incentives throughout the economy away from borrowing and spending and toward saving.

With consumers stretched by inflation and increasingly dipping into their savings, however, this effect may be less pronounced.

The AI sugar high

When it comes to the AI investment boom, it’s a different picture. Warsh noted in August that more than half of recent capital-spending growth could be attributed to the AI buildout.

The companies that are spending billions of dollars on computing infrastructure are doing so because they expect potentially enormous returns from AI. If those expected returns on investment are exceptionally high, a modest increase in borrowing costs may do little to alter their investment decisions. That stands in sharp contrast to a prospective homebuyer getting sticker shock from mortgage rates nearing 7%.

The federal government, for its part, faces a slower adjustment. A Fed rate hike doesn’t immediately increase the interest rate on all outstanding federal debt. Most Treasury notes and bonds carry fixed rates until they mature. But as the Treasury issues new debt and refinances maturing securities, today’s higher rates gradually become tomorrow’s higher federal interest expense. That rise in interest costs is a main reason some economists are sounding alarms about the national debt, which recently topped $40 trillion.

In effect, the U.S. economy is facing a reality in which both short- and long-term rates stay higher for longer. The federal government, households and businesses are all adjusting to a borrowing environment that looks substantially different from the one that prevailed for much of the previous decade.The Conversation

 

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Rice Business marks new era of growth with opening of Virani Hall

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Rice Business has grown dramatically over the past decade, and that momentum now has a new home in Asha and Farid Virani Hall, a 112,000-square-foot building which now stands alongside McNair Hall, offering students a combined 300,000 square-feet designed to support the school’s expanding community of graduate and undergraduate students, faculty, researchers and alumni.

Avery Ruxer Franklin

112,000-square-foot building expands capacity for rapidly growing undergraduate and graduate business programs


Rice Business has grown dramatically over the past decade, and that momentum now has a new home in Asha and Farid Virani Hall, a 112,000-square-foot building which now stands alongside McNair Hall, offering students a combined 300,000 square-feet designed to support the school’s expanding community of graduate and undergraduate students, faculty, researchers and alumni.

Rice University celebrated the opening of Virani Hall with a ribbon-cutting ceremony Sept. 10, marking a major milestone in the continued growth of Rice Business. The building has been named in recognition of the generosity of Houston business and community leaders Asha Virani ’89 and Farid Virani.

“This building is about creating opportunities for generations of students to learn, connect and become leaders who make a difference,” said Robert T. Ladd ‘78, chairman of the Rice Board of Trustees. “It gives Rice Business the space to match the extraordinary momentum we are seeing across the school and the university.”

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The Viranis made a historic gift in 2024 to create the Virani Undergraduate School of Business.


“Virani Hall reflects both where Rice is today and where we are headed,” Rice President Reginald DesRoches said. “As we grow, we are investing in the people, programs and spaces that allow us to expand our impact while preserving the exceptional Rice experience.”

The Viranis made a historic gift in 2024 to create the Virani Undergraduate School of Business. Their philanthropy supports undergraduate curriculum development and delivery, cocurricular opportunities and resources that strengthen students’ career readiness and academic success. Today, the naming of Virani Hall builds on that investment and extends the family’s support across Rice Business. Dr. Asha Virani is a physician and Rice alumna, and Farid Virani is the founder and chairman of Prime Communications. Their son Faraz Virani ’21 is a Rice graduate, and their daughter Zoya Virani graduated from Emory University in 2022.

“We want this place to belong to everybody that walks through these doors – students, faculty and the entire Rice community,” Farid Virani said in his remarks. “A great business education is a lot more than just learning how to be successful in business. We believe it's about developing thoughtful leaders; people who are curious, people who have high integrity and people who understand that with success comes responsibility to others. That belief was the primary reason for us to invest and help with the Virani Undergraduate School at Rice. We absolutely believe that, and now seeing this Virani Hall come to life is incredibly meaningful to us. At the end of the day, the building is all about the people that come in, friendships that develop, ideas that are generated and opportunities that come about. Not only are they prepared to be successful, but more importantly, they are prepared to make a difference in the world.”

Asha Virani described their journey to creating Virani Hall unintentionally started at Rice, where they met as 19-year-olds. She said they could have never imagined that this is where the path would lead.

“While our story is uniquely ours, its promise belongs to everyone: Life holds possibilities we cannot yet imagine,” she said.

A business school transformed by growth

The growth at Rice Business over the last decade has been significant. Led by former Dean Peter Rodriguez, who now is the president of Wake Forest University, the school doubled MBA enrollment and launched new programs, including the undergraduate major, which has quickly become one of the most popular at Rice. The launch of the Virani Undergraduate School of Business following the Viranis’ historic 2024 gift created a dedicated school for undergraduate business education at Rice and opened new opportunities for students to pursue business alongside the university’s broader academic offerings.

Today, more than 10% of the university’s undergraduates are declared business majors and more than 23% of incoming students are interested in the business degree at Rice. This semester more than 1,000 Rice students are enrolled in business courses.

That expansion extends across Rice Business. Over the past decade, the school has increased its graduate offerings, including an online MBA, a professional hybrid MBA and a graduate certificate in health care management. The school has also grown its faculty and staff, launched the Virani Undergraduate School of Business and welcomed a rapidly increasing community of students and alumni.

Amy Dittmar, the Howard R. Hughes Provost and executive vice president for academic affairs, is also a professor of finance at Rice Business.

“Rice Business has become an increasingly important part of the academic experience at Rice, serving not only a growing community of graduate students but also the growing number of undergraduate business majors and other students who are combining business with disciplines across the university,” Dittmar said. “Virani Hall gives us the capacity to build on that success — expanding opportunities for students, supporting our outstanding faculty and creating an environment where teaching, research and collaboration can continue to thrive.”

As the school has grown in size and stature, so has the need for space that can support its teaching, research and community. Together, Virani Hall and McNair Hall create an integrated hub for undergraduate and graduate business education and provide capacity for Rice Business’ next phase of growth.

“Rice Business has evolved dramatically over the past decade, not simply in size but in the breadth of what we offer and the students we serve,” said Jeff Fleming, interim dean of Rice Business. “Virani Hall gives us the capacity to keep building on that momentum while creating an even stronger community for our students, faculty and alumni.”

Image
Together, Virani Hall and McNair Hall give Rice Business the physical capacity to support its continued growth while creating a more connected environment for undergraduate and graduate students, faculty, alumni and industry partners.


Designed for learning, connection and community

Virani Hall includes flexible, technology-enabled classrooms, breakout rooms for team-based learning, faculty offices, doctoral research space and event spaces designed to bring together students, alumni and business leaders.

The building also adds new dining and gathering spaces, including a cafe serving breakfast, lunch and dinner, an enclosed atrium and open common areas available to students from across Rice.

The building was designed to feel like a natural extension of Rice’s campus while creating more opportunities for people to gather and interact. Virani Hall wraps around the south and west sides of McNair Hall, connecting the two buildings through new indoor and outdoor community spaces.

The Ralph S. O’Connor Atrium, which now encloses Woodson Courtyard, is covered by a ceiling with skylights, creating a shaded gathering place that can be used throughout the year. A soaring, light-filled walkway connects the courtyard with a new western atrium, while dining areas open onto a patio and tree-shaded terrace.

The building also draws on familiar elements of Rice architecture, including a red clay tile roof, brick and cast-stone details, while using those materials in new patterns and configurations.

“It's a joy to see people using the building that you designed,” said principal architect Stephen Cassell. “That's really what it's about: seeing people make personal connections, attending classes, events in the O'Connor atrium, the patio and more. When we design a building, it's not to make another edifice on campus that makes us happy to do so – it's really about supporting and furthering the community of Rice. That's what architecture really does when it does it well.”

Skanska partnered with Sugar Land-based B. Bell Builders to construct the building. Architecture Research Office led the design, with Houston-based Kirksey Architecture serving as executive architect.

Building on the undergraduate experience

The expanded facilities come as the Virani Undergraduate School of Business enters its next phase. The program celebrated its first anniversary in October and has quickly become a growing part of the Rice undergraduate experience. Its curriculum combines a rigorous foundation in business fundamentals with internships, research, externships and other real-world experiences designed to prepare students for leadership.

This spring, the Virani School launched two new initiatives: a concentration in marketing and the Moody Business Scholars Program, which will offer cocurricular programming to selected business majors through tracks in finance, management and marketing. The early outcomes reflect that emphasis on career readiness: 95% of Rice undergraduate business majors in the Class of 2025 found their postgraduate paths within six months of graduation. Recent graduates have gone on to employers including AT&T, the Houston Rockets, GE HealthCare and Capital One.

Together, Virani Hall and McNair Hall give Rice Business the physical capacity to support its continued growth while creating a more connected environment for undergraduate and graduate students, faculty, alumni and industry partners.

 

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School Updates

Rice Business has grown dramatically over the past decade, and that momentum now has a new home in Asha and Farid Virani Hall, a 112,000-square-foot building which now stands alongside McNair Hall, offering students a combined 300,000 square-feet designed to support the school’s expanding community of graduate and undergraduate students, faculty, researchers and alumni.

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7 Questions Our Faculty Are Asking About AI

Rice Business faculty are exploring big questions about AI and how it’s reshaping business, technology and the classroom.
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Rice Business faculty are exploring big questions about AI and how it’s reshaping business, technology and the classroom.

This story is part of our special anniversary issue of Rice Business Wisdom on artificial intelligence.
As AI becomes increasingly integrated into markets, classrooms and workplaces, Rice Business faculty have many questions. Here are just seven of them.

 

Does Using AI Change How Colleagues See You?

That’s the question driving Mijeong Kwon’s newest research. When a coworker uses AI for a piece of work, does your opinion of them quietly shift? Do you assume less effort went in, or that they care less about the job than you thought? AI runs through Kwon’s own methods: She uses it to code open-ended participant responses, and she builds it into experiments themselves, designing AI interviewers and confederates that participants interact with directly. In her classroom, students use AI openly and examine what changes when they do. The stakes reach anyone who has finished a draft with ChatGPT and paused before hitting “send.” There’s a real question of whether the tools you use shape what others assume about your effort.

Mijeong Kwon, Ph.D.
Assistant Professor of Management – Organizational Behavior


 

Why Do AI-Fluent Outsiders Keep Beating Legacy Brands?

Over the past few years, a new entertainment category emerged in China: dramas told in one-minute vertical episodes. By 2024, 36,400 titles were outgrossing the country’s traditional box office. The pioneers were internet-native startups from online literature and mobile gaming, companies built on AI-driven data fluency and operational speed. Their first viewers were newly online audiences in smaller cities, long overlooked by prestige studios. In Harvard Business Review, Haiyang Li and his co-authors find a pattern business leaders will recognize: When underserved audiences meet new devices and channels, whole categories appear, and the companies that capture them are usually the ones that know what to do with data.

Haiyang Li, Ph.D. 
H. Joe Nelson III Professor of Management – Strategic Management


 

Is the Finance Classroom Keeping Up With AI?

In Kerry Back’s MBA course, students run financial analysis by chatting with an AI model. They tell it to pull data, sort stocks or run regressions, and the model writes and executes the code — no programming background required. Now Back has made that workflow available to anyone. His new app, Academic Studio, bundles Anthropic’s Claude Code into a simplified, one-click-install workspace where students can analyze data, build slides and create documents, with no intimidating setup. It mirrors what’s happening inside firms, where routine analyses are being automated. “In some ways, the classroom is actually ahead of the curve.”

Kerry Back, Ph.D.
J. Howard Creekmore Professor of Finance and Professor of Economics


 

Is AI the New “Fad That Forgets People”?

In the 1980s and 1990s, companies poured billions into business process re- engineering and rarely achieved the promised efficiency gains. One of the movement’s own champions later explained why: It was “the fad that forgot people.” Headcount reductions, a natural outcome of re-engineering efforts, damaged the morale and engagement of remaining employees, offsetting the efficiency gains from redesigned work. Brent Smith, who advises companies like Phillips 66, MD Anderson Cancer Center and Hess Corporation (now Chevron) on change management, sees echoes of that pattern in AI. Many organizations are training employees on tools and hoping productivity follows — while downsizing based on hypothetical gains erodes engagement. For Smith, AI adoption is less a technology rollout challenge than a change management challenge.

Brent Smith, Ph.D.
Senior Associate Dean for Executive Education and Associate Professor of Management and Psychology


 

If AI Builds the App, Who’s the Designer?

AI can now build entire apps from a single prompt. But knowing whether the result works for users still depends on human judgment. That’s the challenge at the center of Emily Prinsloo’s New Product Development and Management course, where students use tools like Cursor and Vercel to create real apps for a client partner, then learn how to evaluate what the AI produces. During the spring 2026 course, visiting designer Pat Capulong gave Prinsloo’s students a simple test for visual hierarchy: squint at the screen. If nothing grabs your attention, or if everything does, the design isn’t working. Every screen needs a clear visual hierarchy. “AI will help you build faster,” Prinsloo says, “but you still have to be the designer.”

Emily Prinsloo, Ph.D.
Assistant Professor of Marketing


 

Can Strategy Survive Gen AI?

When Vikas Mittal, Alessandro Piazza and their co-authors interviewed 20 CEOs and strategy officers across 11 companies, every single one was already using AI for core strategy tasks — and 90% believed major parts of the chief strategy officer’s (CSO) role would soon be replaced by it. The deeper problem: In an analysis of 717 published correlations, legacy strategy planning showed zero or negative correlation with financial outcomes 79% of the time.

Gen AI excels at gathering and summarizing, but it can’t tell a CEO which one initiative of the dozens being implemented actually lifts customer value. Mittal and Piazza argue that strategists should let AI absorb that synthesis work and rebuild their role around statistical models linking strategy to customer outcomes. At one manufacturer, just 12 of 87 value drivers produced over 90% of the lift in customer value; focusing on three of them pushed sales 22% above industry peers. In other words, strategy excels — when it becomes a science.

Alessandro Piazza, Ph.D.
Associate Professor of Strategic Management

Vikas Mittal, Ph.D.
J. Hugh Liedtke Professor of Marketing


 

Can AI Lower the Price of Privacy?

Privacy and antidiscrimination requirements can force firms to balance two goals: protecting sensitive customer attributes (e.g., race) and preserving the accuracy of predictive pricing, targeting and recommendation systems. Piyush Anand’s research suggests that AI can narrow this trade-off in two ways. First, firms can share a trained generative model rather than raw customer records, allowing others to analyze patterns without direct access to the underlying data. Second, when protected attributes such as race are involved, simply deleting those fields is not enough. Pattern-seeking AI systems can still infer those attributes via information like ZIP code, income and purchasing behavior. Adversarial AI trains one model to predict customer behavior and a second to guess protected-group identity from the first model’s output, penalizing the first whenever the second succeeds. What survives is predictive signal that carries less identifying information.

Piyush Anand, Ph.D.
Assistant Professor of Marketing

 

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Rice University opens $54.5 million business hall amid surge in enrollment

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In The Media

The 112,000-square-foot facility expands the business school's footprint by 65%. It creates a central hub for the university’s most popular undergraduate major.

McNair and Virani Halls
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How To Get Into Investment Banking: An MBA Guide

Career
Career

Wondering how to build a career in investment banking? Explore how an MBA, especially from Rice Business, can help you develop the finance skills, network and recruiting experience to launch a career in IB and advance from associate to VP and beyond.

Investment Banking student
Investment Banking student
Helen Huneycutt

Investment banking can look intimidating from the outside. Recruitment is highly competitive and moves quickly, and candidates are expected to — build fluency in financial modeling, understand markets, prepare for interviews and decode a seemingly endless number of acronyms. But for many MBA students, that intensity is also part of what makes the field appealing: the work is demanding, analytical, and close to consequential business decisions. 

For many aspiring bankers, an MBA can be the bridge between where you are today and where you want to go next. 

But there is good news: You do not need to arrive at business school knowing everything about investment banking. You need curiosity, analytical discipline, a willingness to learn and a community that will help you put the pieces together.

Interested in Rice Business?

 

1. Choose an MBA program with industry access 

Wall Street may be synonymous with investment banking, but it is hardly the only place where deals happen. 

Houston, the energy capital of the world, offers a particularly relevant environment for aspiring investment bankers. The city is a global center for energy, infrastructure and industrial businesses, creating opportunities to understand complex transactions close to the companies and executives involved. For students with prior experience in energy, that industry knowledge is a real advantage. Familiarity with the energy sector helps candidates ramp up more quickly, speak more credibly in interviews, and better understand how banking teams evaluate companies and transactions. 

The city is home to major corporations, financial institutions, entrepreneurs and investors, and that creates an especially interesting environment for students interested in investment banking. Alumni who stay in town see a better cost of living (by more than 20%) than residents in most other big cities, making Houston highly affordable. 

Not to mention, a striking 35% of Rice Full-Time MBAs from the Class of 2025 entered roles in financial services. In post-grad roles, those graduates saw an average base salary of over $150,000 — boasting job placements both here in Houston and all across the country. 

Top finance employers at Rice Business: 

  • Barclays Global Markets 
  • Citigroup Banking 
  • JP Morgan Chase 
  • Morgan Stanley 
  • RBC Capital Markets

2. Build a competitive MBA candidate profile 

Investment banks evaluate more than whether you have worked in banking before. They are looking for candidates who can demonstrate quantitative ability, strong communication, a clear reason for pursuing IB and evidence that they can perform in a demanding environment. 

That is one reason a strong GMAT score can matter for students considering investment banking. Even in a test-optional admissions environment, some highly selective employers continue to ask about standardized test scores during recruiting, and a competitive score can provide another signal of analytical strength. 

If investment banking is one of your goals, read more about why taking the GMAT may strengthen both your MBA application and your recruiting profile. 

Be prepared to engage once the MBA program begins, because investment banking recruiting starts early and moves quickly during the fall semester. 

3. Build a strong foundation in finance

A successful investment banking career starts with understanding the fundamentals: financial statements, valuation, corporate finance, capital markets, mergers and acquisitions, and financial modeling. 

You don’t need to be a finance major to get started. In fact, one of the advantages of an MBA is the opportunity to build technical skills alongside classmates and professors who can help you connect the numbers to real business decisions. Candidates who come from industries such as energy often bring sector knowledge that becomes highly relevant when recruiting for employers aligned with their prior experience.

My experience at Rice was great, and now I’m an investment banker. The finance curriculum at Rice is just top tier.

Peter Cho ’23

Rice MBA Alumnus and Investment Banker

Peter Cho, Professional MBA

Rice Business’ finance program is ranked No. 7 among MBA programs by The Princeton Review, and we’ve been in the Top10 for almost a decade. Our students learn from faculty whose research regularly appears in leading academic journals and spans corporate finance, investments, financial markets and mathematical finance. 

Learn more about finance faculty members like Kerry Back, who was honored with an international teaching award by the Financial Management Association International (FMA) in 2025 for his Generative AI finance course or hear insights directly from James Weston, our deputy dean of academic affairs and the Harmon Whittington Professor of Finance:

3. Build your network. Create opportunities. 

Investment banking recruiting is highly relationship-driven. 

During your MBA, connect with alumni, attend finance events, participate in student organizations and learn how different banks — and different coverage groups — actually operate. At Rice Business, the Finance Association, Career Development Office and alumni network give MBA students multiple avenues to build those relationships. 

Whether it’s by attending events and conferences on campus or reaching out to our highly engaged alumni on your own, there are many avenues for Rice MBA students to expand their network of finance professionals, both in Houston and across the country. 

Image

 

4. Use every resource available 

One of the most valuable aspects of an MBA is the community you gain. From career advisors, to alumni in top roles, to business leaders that recruit at Rice Business, there are many resources for students to take advantage of during their two-year program. 

Make the most of your time by utilizing every resource available, such as: 

  • Career Development Office one-on-one coaching with a career advisor 
  • Finance Association recruiting prep, coaching, networking, workshops and peer support 
  • Week on Wall Street Trek 
  • Employer and alumni networking events 
  • Technical and behavioral Interview preparation 

The Finance Association is a particularly important resource for students pursuing investment banking. The student club hosts the Financial Services & IB 101 Bootcamp, with hands-on workshops, guest speakers, technical prep, peer feedback and real-world insights into deals.

As a Rice MBA, I joined the Rice Business Finance Association, and that was critical for me to get a job in investment banking. The club president actually convinced me to join after hearing about my interests and qualifications, and I eventually pursued a role through investment banking recruitment.

Robert Kempner '27

Rice MBA

Robert Kempner - Rice MBA

A strong MBA community should give you people to call when you have a recruiting question: a professor who will challenge your thinking, an alum who remembers exactly what recruiting felt like and classmates who want to see you succeed. At Rice Business, 72% of students in the Class of 2025 accepted jobs through the Rice Business community, and finance remains one of the school’s strongest career pathways. 

5. Turn your MBA into an investment banking launchpad 

For students pursuing investment banking, recruiting begins early in the MBA experience. For many MBA candidates, the summer associate internship is the primary pathway into a post-MBA career in investment banking. A successful internship can lead to a full-time associate offer, while the MBA experience continues to build the technical, leadership and sector expertise that supports longer-term success. 

Depending on your goals, experience and qualifications, your next role may vary. Here’s a look at the standard progression of a career in investment banking.

Position TitleResponsibilitiesAverage Experience
Analyst

Financial modeling, valuation, research, pitch books, deal execution

0-3 years
Associate

Manage analysts, review models, run workstreams, more client interaction

3-6 years
Vice President (VP)

Manage deals, teams and client relationships; increasingly involved in winning business

6-10 years
Director/Executive Director

Senior client relationships, business development, deal leadership

10-15 years
Managine Director (MD)

Win clients, originate deals, lead relationships and generate revenue

12-15+ years

Standard role progression of a career in investment banking.

 

Reach your long-term goals 

At its best, investment banking is not just about spreadsheets, valuation multiples or long hours. It is about helping companies make consequential decisions: raising capital, acquiring another business, navigating a strategic transition or figuring out what comes next. 

The right MBA program can help you build the financial skills, recruiting readiness, relationships and confidence to turn that curiosity into an investment banking career. You do not need to arrive as an investment banking expert, but you should be ready to learn quickly, use the resources around you and engage early once recruiting begins. You may discover along the way that you’re more ready than you thought.


Explore Our Rice MBA 
 
 

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Wondering how to build a career in investment banking? Explore how an MBA, especially from Rice Business, can help you develop the finance skills, network and recruiting experience to launch a career in IB and advance from associate to VP and beyond.

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