Rice Business offers a rich variety of courses across its programs, including 100+ electives for Full-Time MBAs, allowing students to dive and excel in topics they’re passionate about. Here are some of our students’ favorite courses.
There are many reasons Rice Business is considered one of the top business schools in the country, and of them is our commitment to helping students personalize their MBA. At the end of the day, your MBA should reflect you — your interests, passions, and personal and professional goals.
We asked students: What has been your favorite class in your Rice MBA program?
Second-Year MBA Course Favorites
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Applied Finance has easily been my favorite class — it made corporate valuation come alive through real company cases. It completely shifted how I analyze businesses and helped me understand how managers think about investment decisions.
Jack Berry, Professional MBA ’26
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My favorite class is the M.A. Wright Fund. It’s an incredible experience because we actually get to make real investment decisions that the fund acts upon. It’s a perfect mix of teamwork, accountability and hands-on learning.
Sindhura Cheruku, Full-Time MBA ’26
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Instead of one favorite class, a blend of courses has really defined my MBA experience at Rice Business. From “Geopolitics of Energy” to “Tech Product Management,” my courses have significantly shaped my post-MBA vision of working at the intersection of energy, technology and finance.
Veronika Burobina, Full-Time MBA ’26
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Two favorites have been “New Product Development” and “E-Lab: New Enterprises.” Both courses are hands-on and application-based, allowing me to immediately practice what I learn in the classroom.
My favorite class has been “Organizational Behavior.” The material is applicable to all aspects of life, and Professor Marlon Mooijman is knowledgeable, approachable and engaging. This course is definitely a first-year favorite.
Madeleine Allocco, Full-Time MD-MBA ’27
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My favorite MBA class so far has been “Strategic Business Communication I.” The tools we’ve learned have been immediately useful in presentations, recruiting and real-world conversations, and I’ve become a better communicator.
Miles Moscariello, Full-Time MBA ’27
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I’ve enjoyed Organizational Behavior, because I was able to apply the content from each class immediately after learning it.
Maggie Bokros, Professional MBA ’27
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I have been impressed by Professor Alan Crane and his core finance course. Coming from a military background, I didn’t have much in the way of financial acumen, and this class has been instrumental in bringing me up to speed.
Stephen Fialko, Full-Time MBA ’27
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My favorite class at Rice has been “Leadership,” taught by Professor Brent Smith. From the very first session, the course pushed me to pause, reflect and examine not just how I lead, but who I am as a leader.
Rice Business offers a rich variety of courses across its programs, including 100+ electives for Full-Time MBAs, allowing students to dive and excel in topics they’re passionate about. Here are some of our students’ favorite courses.
In honor of the season of thanksgiving, we turned to our Rice MBA students to share what they’re most grateful for. From the supportive community to our home in Houston, there’s so much to love about Rice Business.
Transitioning from military service to an MBA program is a significant shift — one that comes with challenges, surprises and valuable opportunities. Hear from two U.S. veteran Rice MBAs.
Allison chats about selling her first venture, Rebellion Photonics, to Honeywell in 2019 and how she's codifying blue collar genius through Alaris AI.
Owl Have You Know
Season 5, Episode 21
As the youngest founder in her Rice MBA cohort, Allison Knight ’10 knows a thing or two about blazing a trail.
At just 24 years old, she co-founded Rebellion Photonics, which used cutting-edge technology to identify and quantify gas leaks on oil rigs, preventing catastrophic explosions. Knight went on to sell Rebellion Photonics to Honeywell in 2019, and is now codifying blue collar genius through Alaris AI.
In this episode, Knight joins host Brian Jackson ’21 to discuss how Rebellion Photonics used early AI technology to improve hyperspectral imaging and revolutionize gas leak detection. She also opens up about her experience as a young woman founder in a predominantly male industry, her role as an adjunct professor at Rice Business and why she believes blue collar work is the next frontier for AI exploration.
[00:00]Brian Jackson: 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.
Today, we're joined by Allison Knight, an entrepreneur, AI innovator, and Rice Business alum whose career spans deep tech and multiple startup ventures. At just 24, Allison co-founded Rebellion Photonics, the imaging startup behind the world's first real-time gas cloud detection system, technology that reshaped safety standards in the energy industry, and was later acquired by Honeywell.
Today, she's the founder and CEO of Alaris AI, bringing practical AI tools to blue-collar trades. In this conversation, we get into what it was like to be a young founder in a high-risk industry, her drive to expand access to technology, and the mindset that's helped her take bold risk, build teams, and redefine the playing field at every stage of her career.
Hey! Good morning, Allison. I'm so happy that you're joining me on Owl Have You Know.
[01:05]Allison Knight: Hello. Yes. Good morning to you.
[01:08]Brian Jackson: Good morning. Allison, you were the youngest founder in your cohort, at 24, with Rebellion Photonics. You know, what was the mission? And ultimately, what happened to the company?
[01:18]Allison Knight: Sure. So, Rebellion Photonics, what we specialized in is the ability to identify and quantify gas leaks on oil rigs, refineries, and pipelines before they caused explosions or unnecessary emissions. So, before Rebellion Photonics, believe it or not, oil and gas companies, upstream and downstream, used detectors pretty similar to, like, the fire smoke detectors in your house. We call them point detectors. Like, the smoke has to come to the detector, kind of, linger there. And they would put fancier versions, but they would put those out around refineries and such, like, on the fence in there, as if a methane emissions cloud hung out at six-feet tall on a clinic fence. But I think, to be fair, that was the best they had. And they put them everywhere.
But the gas clouds, in the real world, don't behave in the wind. And at some point, detectors are not ideal. So, really, the way, you know… we were specialists, like, you could see in our videos, oh, for the first time, you could see the gas leaks and not just see them. You could see the quantity. Like, we would do a false color image show. It was, like, bright red and a deep red there were most stents. And then you'd see videos of, like, your workers, like, standing near a gas cloud. And that’s, you know, that's a cortisol spike right there.
And, you know, when we first started, they maybe had three of these point detectors go off every month. And they'd send somebody out there with another point detector, but handheld, and be like, “I don't know. I don't see anything.” And then they start using our cameras, and we'd get about 500 alarms a day, in the actual video, like, to start, you know, then you can tighten up the ship, so to speak. But a really, really profound step forward in gas leak detection.
And we were able to do this just with a really great tech team, just inventing, really, a new type of way to do hyperspectral imaging. So, hyperspectral imaging had existed before, most famously with, like, Hubble Telescope images. So, you have these. Those different colors are different gases, and then they're false colored. And so, that's a hyperspectral image. And we were able to do not just images, but video.
Where we struggled in the beginning is we just weren't getting the signals we needed. And we were lucky in some ways because that's when AI — we called it machine learning back then— machine learning was just getting started, especially with machine vision and imagery.
So, AI and imagery was actually more advanced than LLMs, like, language. So, we were able to use early AI to improve our data and that we were able to do these really quite spectacular and exciting videos of gas leak. We were purchased by Honeywell. And now, the technology's used all over the world, which, as an engineer, makes you happy.
[04:22]Brian Jackson: Yeah.
[04:22]Allison Knight: Just lovely to see.
[04:24]Brian Jackson: Being a founder at 24, is that your own act of rebellion against, kind of, what's expected of us worker bees in the world?
[04:33]Allison Knight: Yeah, actually. So, I was 24. I was the youngest student in the Rice MBA program. And I'd gotten, like, a prestigious… semi-prestigious investment banking job that I'd accepted. But I am a physicist, more than I am an MBA. Like, science and tech still makes me the happiest. So, I ended up, even at Rice, just hanging out with, like, Rice techies, like, other applied physicists.
Yeah. And it was just too tempting to, like, I knew I should do the investment banking job, but I just couldn't do it. I had to go for this crazy methane emissions monitoring company. And I loved it. It was extremely difficult, but what a great way to spend your youth — your misspent youth — telling oil and gas companies, “Hey, get your shit together. I can quantify your gas leaks now. And I need you to buy it from me.”
Like, I look back and just, like, the extreme boldness of it was just something you only do at 24. And now, at, like, 40, I don't think I would do it, not because obviously it was successful, but just like I was mentoring someone, I would've been like, “Why would they buy that from you? No, this won't… Good luck.”So, I think there's something beautiful about naivety.
[06:01]Brian Jackson: Yeah. So, being naive gave you the confidence. Is that what you're saying?
[06:05]Allison Knight: I prefer the word, like, “innocence.” Like, this product should exist. And it should. I still, in my core, believe that. And no one is building it. What we were doing was so, so advanced in tech. Like, “You cannot analyze hyperspectral video in real time. You can't do it.” It's like, “Yes, we can.”
So, it was just so exciting on the tech side and just, like, to just really, really believe in what you're doing is so special. And I'm so lucky that I got to do that for basically a decade.
[06:43]Brian Jackson: So, the tech itself was a bit of a rebellion.
[06:46]Allison Knight: You have to remember, like, this is 16 — going on 17 — years ago where AI… or for one thing, we didn't call it AI, but AI was just very, very nascent. Like, you couldn't put out a job description for, like, an AI engineer. Even finding a good data scientist was difficult.
The only one doing this in machine vision — so, like, imaging, not language LLMs — the only people doing this, not in video, but static, were astrophysicists. So, like, a little set bucket of applied physics. Because you see all those, like, Hubble Telescope images with the beautiful Eagle Nebula. The Eagle Nebula is not actually yellow, pink, and white. Those are different gases and different chemicals and they false color those chemicals still look like different colors. So, that's a hyperspectral image.
And the signal, as you can imagine, on those telescopes is, like, so low that you better do fun stuff to up your signal-to-noise ratio. And so, that's where you see some very early machine learning.
So, astrophysicists were some of the earliest AI explorers when it came to images, some of the first users. And we would hire them. I'm thinking of one astrophysicist in particular named Ryan who was really with us from the beginning. And it was just awesome.
I think everyone will experience this. And I just happened to experience this 15, 16 years ago, is your, like, AI moment, that first time where you run some code with AI. And we've been trying to do real-time video detecting and imaging gas leaks in real time and, kind of, making do with it, and they're ugly. But then we brought in AI and started doing very, very, very, very basic machine learning. And it was just, like, magic, Brian. It was magic. Suddenly, you could see the crisp outline of the methane emission cloud with the workers standing in it. I mean, you could just see the detail, the density. It was just, like, someone had turned the lights on. But, like, I was just like, “Ah!” Like, really take your breath away, like, “Oh, it's different.” The world's our oyster.
I still find great joy in tech and just, like, I consider myself more an engineer than a scientist. Like, scientists, you get your Nobel Prizes and, like, you write your books and it's very individualistic, especially in my field, which is physics. But an engineer, you don't know our names, you don't know the name of, like, the engineer who learned, back in Roman times, put volcanic ash into the concrete so that you could do the bioduct so that you could have the city, so that you could have the Roman Empire. We are more just, like, a long process of passing the baton. And it just feels so good to have been part of that relay team. It's just one of the great pleasures of my life. And so, to continue to do that, it's just very enjoyable.
[09:56]Brian Jackson: You speak of the relay team, you had a co-founder with Rebellion Photonics, Robert Kester. How did you get connected with Robert? And could you talk about that relationship and specifically how it worked with Rebellion?
[10:09]Allison Knight: Yeah. He was working in a lab in Rice. He was writing a grant for his research. He was just working in the biological research center, which I believe still exists at Rice, and using his powers of physics in the cancer field, because that's where all the funding is. And he needed help writing a grant. There's a commercialization project. Someone was like, “Oh, there's a physicist actually right now in the MBA school who could probably help you write this.” Because I'd been, kind of, getting the word out that I wanted to start a tech company with, like, the local tech community. And I'd been volunteering for free at the tech incubator. I had been, like, actively networking for a good year, so that when the time came of someone… And I often had inventors, kind of, come to me, or were introduced to me. But he was the one. And that was like, “Oh, this! 50 people a year may buy this for cancer research for, like, very niche applications, but we could also look at all these other applications.” So, the second time we met, we shook hands and agreed to start a company.
[11:21]Brian Jackson: Wow!
[11:22]Allison Knight: And I think any co-founder relationship, like, it's two people. It is very similar to a marriage, but without all the fun stuff. It's just the hard part. But, you know, I can look back now and be, like, very, very happy with what we built.
We were so young. Like, he was 27, I was 24. I am so impressed. We weren't perfect by any means at all. But I look back, kind of, almost like a different person, and I'm like, “You did great,” because I have a tendency to be so hard on myself. I'm aging. I think I'm, like, calming down a lot and just thinking back and being like, “No, you were great, kid.”
[11:57]Brian Jackson: You have to give your younger self a bit of grace.
[11:59]Allison Knight: It's true.
[12:00]Brian Jackson: We didn’t know.
[12:00]Allison Knight: It's really true. We didn't know,
[12:04]Brian Jackson: So, the period of wasted youth and the decade of going full throttle, what did that teach you about the cost of startup life?
[12:12]Allison Knight: Well, I'm doing another startup now and I'm realizing, like, how different it can be if you are secure in yourself and your abilities. So, I think so much of, like, the overworking was just, like, insecurity on my behalf. I'm not, like, truly believing in myself and, like, all the imposter syndrome that like so many female founders have.
And when we sold to Honeywell in 2019, we sold December 9th, 2019. And then COVID hit, right, in January, February. And at the time, I thought it was physically painful to stop and do nothing. And I had three very painfully… I mean physically painful to do nothing. And it was the best thing that ever happened to me — to just pause.
[13:03]Brian Jackson: Yeah.
[13:03]Allison Knight: And I'm so glad I did. So, now, this second time founding a company, you know, it's harder, in a way, because there's no innocence, there's no naivete, I know exactly what I'm getting into, but on the other hand, it's just everything's easier as a second time founder, especially if you had a good old pause and, you know, went to therapy. And so, it's just nice to, like, have a chance to do it again and without putting myself last. Like, I think a lot of female founders do this. It's, like, they will put themselves last on the list. Or just overextending yourself, not setting boundaries, not feeling like you can set a boundary.
I had an all-male board. We raised over $14 million for the company, plus a few million in government grants. And on my board, like, they were a $3 billion fund and they never invested in a female CEO.
And I did eventually have my first child at the end of Rebellion. And the first thing, when I announced it to the board on our board call… And I left it so late. I was, like, five-and-a-half months. Like, I left it as late as possible because I just knew, “My god, it wasn't going to go well.” And the first thing out of their mouth was a heavy sigh. Like, “Ugh, you'll be distracted now.” And that was really the tone. That was really the tone from then on out. Like, it's interesting, I mentor a great deal of female founders and it has changed dramatically. Like, I tell stories like that and it would just be unheard of it. That wouldn't happen now.
So, a great deal of joy was taken away from me, because then every board meeting was stressful and then you're really having to, like, prove yourself. And I took a 10-day maternity leave even though I had a C-section, emergency C-section, after 37 hours of labor and I was back in 10 days.
I think that is part of the reason I'm doing it again. I would like to have more agency, not having that be the end of my story.
[15:11]Brian Jackson: Yeah. So, tell me a bit about Alaris. That's what you're working on now, right, with Alaris AI, is AI for blue collar. Like, specifically, what do you mean? Like, would it be AI that helps a plumber diagnose a leak in a house, or is it, kind of, beyond that?
[15:27]Allison Knight: Sure. You could. We don't focus on SMBs too much — small businesses — so, like, mom and pops. I'm looking for, like, blue collar work technicians who work for, like, big enterprises, which is a good majority of the American workforce, just so you know.
People think, you know, almost everything right now in AI is being built for white collar work, which, in America, is less than 20% of the workforce, just so you know. The other 80% are deskless, you know, in some form of a trade or technician. So, pretty much across the board, AI really sucks for blue collar.
With white-collar work, we can just, kind of, like, boop, boop, boop, take the generic ChatGPT and it works beautifully. And that's because we, white-collar workers, have been, like, typing for a long time, you know. We've got all the new documents and different folders. And so, it's all been trained on that, for the most part. So, it's really trade on white-collar documentation and meant for it blue-collar documentation. Basically, manuals and SOPs have inherently always been stinky. But more importantly, none of the documentation has been done on, like, what's in their head. What's in the foreman's head, the supervisor’s head or the individual's head?
And so, when you don't have that data documented, structured, codified, then the AI will be useless. Your AI is as useful as your data. That really is true. And in blue-collar work, because that hasn't been codified... And to codify it, like, you're not going to get senior linemen at Idaho Power to sit down for a year and, like, think. Like, that's not going to happen, either. You could do that with white-collar work.
So, you know, our special sauce is how do you stay in their workflow? How do you do it without a change of behaviors? How can you capture that knowledge and then use that in a secure and safe manner to help them have the productivity gains that white-collars work… because you're not seeing, like, almost any productivity gains in blue-collar, where white-collar is astonishing.
So, for this, like, just backing up, like, when I decided to do another company, I wanted to stay, like, with the users I like. Like, I want job roles and blue-collar work, but I also wanted to do something bigger. Like, I think Rebellion had an inherent issue of market size, like, our market size was never big enough to be, like, a unicorn. Still really successful and I’m proud of it. But, like, if it's your second time at that, I've always been curious of, like, “Oh, could I do a unicorn?”
But one thing is market size. And you hear investors talking about this a lot. It's just not something I thought about at 24 that I really think about at 40 when I'm starting a company, is, what is the market for this product? What is the market size? Like, how much money could you really make from this product? And so, I did want to go for a much larger market.
And when I look at some of the core roadblocks for universal AI, AI for all, which is my goal, AI for all, it is codifying blue-collar genius. Physicists really like to break problems down to their basics. And, like, when I look at the problem of AI for all, it's like, oh, this is the fun, yummy equation we have to solve for.
And then we have to deliver to them in a way they actually want and, you know, without changing behaviors because that's really hard for this.
[18:58]Brian Jackson: Like, building the trust from them?
[19:00]Allison Knight: Yeah. How do you build trust? I think a lot of tech companies who are doing these enterprise sales, they sell to the CEOs. And I sell to CEOs, too. And I look at them as the customer. A year or two later, the product gets cut and the company goes under because adoption rates were so low.
And I think a general rule of thumb is two things. One, did you truly respect the end user? Did you respect what they felt, how it made them feel? Did you raise their cortisol levels or did they enjoy it? Like, really down into their body. And the other one is, like, did you take their agency away? Or did you give them more agency?
And there's some products that are just, like, automation and you're taking their agency away. And that's okay. I mean, I would sleep poorly at night, but that's okay because you've kicked them out entirely. So, you don't need them to use it. But if you need a person to actually use it and be involved, you better not be taking their agency away. You better be giving them more agency. And really back to literally how does this make them feel in their body?
So, I absolutely love that part of it. Maybe I should just quit and be, like, a product manager, make my life simpler and just do that, because I really enjoy it.
[20:15]Brian Jackson: So, when I adjuncted, I found it really sharpened how I explain complex topics. You've taught as an adjunct at Rice Business. Did the classroom help you, kind of, in that same way? And what was it like shifting from running a business back into that teaching role?
[20:32] Allison Knight: I think that was really, yes, exactly, like, I have been living in an AI bubble for so long and I'm, like, too close to it. So, it was really good to get me in front of 250 students in the Shell Auditorium, double-layer, and, kind of, learning how to talk about AI to intelligent people who have no idea what you're talking about.
And so, that was probably the best thing I could have done before launching the second startup, where, still, like, very, very few of us truly understand AI. And that will change, but I think it's going to change over 10 years.
[21:09]Brian Jackson: So, your course, your adjunct course was specific to AI?
[21:13]Allison Knight: AI for Fortune 500 Companies was the title, I think. And we were the largest class of the year. We were the most attendance. It was way more work than I expected. So, I only did it for the year, but it happened.
[21:32]Brian Jackson: Yeah. What were the questions like? I mean, I'm trying to think of the timing, too. This was 2022?
[21:37]Allison Knight: I think it was the spring of 2023. So, it would've been that 2022 year, you know, where they go, ’22-’23 year.
[21:46]Brian Jackson: This is right as AI is hitting all the headlines.
[21:50]Allison Knight: Yes. And so, I think that's why I was the biggest class. But that was really useful for me because I have been in AI so long and the changes for me have been incremental, like, cool. But, like, I've watched it evolve. And then I'd mostly hang out with, like, Silicon Valley people who've also been watching it grow.
And so, I just didn't understand what a bubble I was in and how I was so excited and I just didn't fully understand why everyone else wasn't, like, losing their mind excited, especially with some of the new frontier models, because this is right when some of the frontier models were getting hot. And it's, kind of, you wake up and you look around and you're like, “Oh, my god, the world has changed.” And then everybody's going about their business and you're like, “No, no. Everything you're doing, everything you're learning, every way you are learning has changed.”
Most interesting of all was talking to the other professors at Rice. And I think they were probably more forward-thinking than most. And they would reach out to me to do coffee. And some of them were professors I had. So, it was incredibly flattering, by the way. And we would just chat about marketing or accounting or organizational behavior. And what is AI at its core? It’s cognitive labor. So, you know, we have the Industrial Revolution with steam engines where to do mechanical labor, the cost to do mechanical labor plummeted to almost zero with steam. And then, you know, electromagnetism, continue on. So, here we have the cost to do cognitive labor has plummeted. And what does that mean? And we will find out that answer over our lifetime. But we are limited by our own creativity. We live in a world now for tinkerers, which is great for me.
But it was really interesting to be, like, the bearer of that and trying to explain, like, “No really, let's break out your workflow. Here, type the 500 things that you do. Okay. And for each one, let's see how AI affects that.”
Just back in ’22, there's basic things because a lot of people thought of AI as automation, which is not accurate. AI, at its core, is prediction. Whether it's machine vision or LLM, it is a prediction machine. You can add coding at the end to take that prediction into a judgment. And there, you have done full automation. But at its core, it’s prediction.
And I love the non-deterministic manner of it. So, you know, some people who struggled the most with AI, this can be fascinating to you, it's, like, coders because they lived in such a binary, hardcore, black-and-white, deterministic world, and now we've gone non-deterministic. We've gone from Newtonian mechanics to quantum mechanics. And I always prefer quantum. So, this is so fun for me. Trying to explain…
[24:58]Brian Jackson: Well, it's rocking my world and I sit here and I think… This cost of cognitive going down, you know, my long-term value in a career, am I really just going to be the manager of an AI that's going to make a determination and then I help it make the judgment? Am I the key?
[25:19]Allison Knight: I think it's more than that. You are now… Yes, every employee is now a manager. Like, when you look at new org charts, it'll be, like, some people put, like, several AIs below one person. I think that's, kind of, silly. Technically, yes, different agent workflows. It'll basically be you working with, like, an AI.
But even now, like, especially for white-collar work, if it's white-collar work, I mean, the only thing holding back you and your company are yourselves. And the thing I try to make come across in the class, and I honestly don't know if I did a good job of it, but I attempted to make clear of, like, this is a muscle. How you have learned up until this point is no longer helpful. You have had to memorize things and do the work and, like, all by yourself and, like, by scratch. And now, you are multiplied.
Now, you can do the math that Einstein did. Now, it's just, like, what do you care about? Like, what do you, like, want to do with that?
It was interesting. Some people in the class get quite emotional because they’re like, at its core, they were like, “But I like doing the busy work.” They didn't say it like that, but it was what they said.
And I would just say, you know, learn to crochet or there are other busy work that is very enjoyable. And I understand, but don't let that be your career. And also, just not giving yourself enough credit. So, I do really encourage people to, like, start building that muscle. I interact with AI every time I do cognitive work, so it's open all the time. I usually have multiple workflows working at the same time. So, like, agents were doing long things for me over the course of, like, an hour, let's say, deep research. I don't do a lot with automation, because with what I do right now, there's not a lot of, like, consistency with that kind of thing. But I know people do — and that's great — with Xavier and things like that.
But basically, you should have ChatGPT or Gemini or whoever you prefer open all the time. And you should be building that muscle. You should be using the different modes that you can use. And you should just be pushing yourself to change behavior.
And on average, it takes about three months. So, you might want to say, “Okay, first quarter or fourth quarter, this is my quarter. I will now change behavior,” and have it open. And every time you are writing or reading, you should be thinking, “Okay, I'll just put it in.”
And I really like the whisper function, the voice. We use voice, mostly in blue-collar work. But also, for white collar work, I think it's underutilized. So, you should be… like, when I was walking the dog, I would have the whisper function on my AirPods in and I would just chat with it. I really encourage that. And it's fun. Just use it for your private life, if you can't work out how to use it for your public life. But start building that muscle and build it immediately.
I think this is the highest priority that anyone in white-collar work should have. And blue-collar work, well, it still doesn't really work for you because it's not trained on what you know. But for white-collar work, there's really no excuses. It should be open all the time. You should be using it consistently. And it's going to take about three months of it being painful and then you will do it without thinking, because that's how long it takes to change behavior. But you do need to change behavior now.
[28:53]Brian Jackson: Well, I've got one final question. You've got such an interesting story. And I was once in an interview and was asked this question about myself, but if there was a billboard and it was selling you, Allison Knight, what would it be selling?
[29:06]Allison Knight: Oh, I wouldn't want that. I just want to quietly go to my corner and do my thing. I just wouldn't want a billboard.
[29:13]Brian Jackson: No, but if there's a product and if it's, you know…
[29:16]Allison Knight: Oh, my product.
[29:18]Brian Jackson: What are you?
[29:19]Allison Knight: I could do one for the product. I wouldn't feel comfortable with myself. I'm trying to think, like, how would I want my kids to remember me? I do like the EE Cumming quote of, like, “The hardest thing in the world to be is yourself.” And that feels very true to me, down to my core. The hardest thing in the world is to be yourself. And I'm just trying so desperately hard just to do that. And I feel like, every year, it gets a little easier. And that has to be good enough.
[29:53]Brian Jackson: Yeah. That's excellent. That's perfect. My answer was, like, I've been knocked down and beaten around, but I'll still get back up.
[30:00]Allison Knight: Oh, I think they're the same. That's the same thing.
[30:04]Brian Jackson: Well, thank you so much, Allison, for joining me on Owl Have You Know. You've been a fantastic guest.
[30:08]Allison Knight: Thanks, Brian. Had a great time!
[30:14]Brian Jackson: Thanks for listening! This has been Owl Have You Know, a production from 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 podcasts. We’d love to hear what you think. The hosts of Owl Have You Know are myself, Brian Jackson, and Maya Pomroy.
Farid Virani shares his entrepreneurial journey, the Virani family’s commitment to education and community, and the vision behind the Virani Undergraduate School of Business.
Marian shares how she’s built a career that bridges energy and art, the lessons she’s carried from Tabasco to Houston, and why creativity continues to guide everything she does.
Rice Business professor Mijeong Kwon finds that viewing passion for work as a moral virtue can harm employees and teams, leading to guilt, burnout and biased treatment of colleagues who are seen as less passionate.
In honor of the season of thanksgiving, we turned to our Rice MBA students to share what they’re most grateful for. From the supportive community to our home in Houston, there’s so much to love about Rice Business.
From the first step prospective students take into McNair Hall, they know that Rice Business is special. For some, it’s because of our location or our programs — for others, it’s the tight-knit community and lifelong friendships.
Every faculty, staff, student and alumnus has a unique reason they choose to call Rice Business home. This season, we turn to our current MBA students to find out what keeps them inspired on their journey — and what they’re most grateful for.
Here’s what they said.
What are you most grateful for?
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This year, I'm grateful that my family and friends haven't let me fall off the grid. They are always checking in, inviting me out to dinner, offering support and ensuring I carve out time for my own hobbies and interests.
Rachel Nevins, Professional MBA ’27
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I’m thankful to have overcome different challenges after moving to a new country — and for the opportunity to keep growing.
Victoria (Li) He, Full-Time MBA ’27
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This fall, I’ve been especially grateful for professors who challenge us to think bigger and for classmates who have supported me through a crazy recruiting cycle. Thanks to that support, I’m heading toward an exciting role next summer.
Samuel Schultz, Full-Time MBA ’27
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I'm grateful for the opportunity to make new friends that are kind and supportive of one other, both in the program and outside of class.
I’m thankful to have the opportunity to grow in a safe environment, personally and professionally.
Raven Chanelle Hollins, Professional MBA ’27
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I'm grateful for the friends, mentors, and family who have supported me as I've begun my MBA journey. Because of their support, I have even more to be grateful for — like the outstanding professors, classmates and experiences I've gained.
Ben Neukomm, Professional MBA ’27
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I'm grateful for all who have poured into me.
James Morrison Jr., DMD, Executive MBA ’27
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I'm thankful for my family supporting me through my MBA journey — they've given me the platform I need to give my all to this program. I am also thankful for my dog for making me smile everyday.
Kelley Dougherty, Professional MBA ’27
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I'm grateful to be part of such an encouraging environment that promotes learning and personal growth.
Derek Giuseppetti, Professional MBA ’27
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I’m grateful for the chance to learn alongside motivated classmates who value collaboration and connection.
Smitha Ajjampur, Professional MBA ’27
At Rice Business, gratitude extends beyond individual experiences — it’s a reflection of a supportive, deeply connected community. From faculty and staff to students and alumni, the bonds created here foster an environment where everyone can thrive in their journey.
This season, we celebrate the tight-knit community that makes Rice Business truly special.
Rice Business offers a rich variety of courses across its programs, including 100+ electives for Full-Time MBAs, allowing students to dive and excel in topics they’re passionate about. Here are some of our students’ favorite courses.
In honor of the season of thanksgiving, we turned to our Rice MBA students to share what they’re most grateful for. From the supportive community to our home in Houston, there’s so much to love about Rice Business.
Transitioning from military service to an MBA program is a significant shift — one that comes with challenges, surprises and valuable opportunities. Hear from two U.S. veteran Rice MBAs.
Rice Business professor Mijeong Kwon argues that moralizing a love of work can undermine workplace well-being. Her research shows that treating intrinsic motivation as a virtue fuels guilt, burnout and biased judgments that disrupt team dynamics.
Wondering how to secure an MBA scholarship at a top program like Rice Business? Here’s how to navigate your options.
The price of an MBA can feel daunting, but unlike paying for a car or pair of designer shoes, the long-term return on your investment is real and significant.
To increase your return on investment, Rice Business invests more scholarship funding per Full-Time MBA student than almost every other school nationwide. More than 95% of our Full-Time MBA students receive scholarship support, with the average annual award topping $40,000 per year.
That level of investment comes from the giving from our alumni who have seen the difference this education has had on their careers and financial security. It demonstrates the belief in our students and reflects the talent and potential we see in applicants.
If you’re curious about how scholarships are funded, how awards are determined or what other aid options might be available to you as a Rice MBA, this guide will walk you through it.
Sourcing Rice Business Scholarships
Scholarships at Rice Business are powered by a combination of school investment and donor generosity.
Endowed scholarships
Endowed scholarships are permanent funds created through the generosity of our donors to support students year after year. These are invested as part of the university’s endowment, meaning the principal stays intact, and a portion of the earnings provides ongoing scholarship support for our students.
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Entrance to McNair Hall, home of Rice Business.
This structure helps attract exceptional students from different backgrounds, reduce financial barriers for talented individuals and benefit students for generations.
For donors, an endowed scholarship creates a lasting legacy through a named fund that reflects their values. For students, these scholarships offer support beyond the numbers — they establish a deep personal connection with the donors who made their education possible. Today, Rice Business has 90 of these long-term donor-created funds.
Annual Giving Scholarships
Annual giving scholarships also play an important role. These gifts are raised and awarded within the same year, offering immediate support rather than being invested permanently.
Annual giving scholarships are essential to Rice’s ability to remain accessible and competitive. Because they are renewed each year through the generosity of alumni, friends, and corporate partners, these scholarships give Rice the flexibility to meet the greatest need and strengthen each incoming class.
Every contribution from the Rice Business community makes a real and immediate impact for students.
George Andrews, associate dean of degree programs, at this year's scholarship luncheon.
Unlike some schools, every applicant to the Rice Full-Time MBA program is automatically considered for scholarships. Last year, more than 160 students received named awards.
“Scholarship decisions are made by our admissions and recruiting team in collaboration with our financial aid and external relations teams — intentionally incorporating multiple points of view to avoid bias,” says George Andrews, associate dean of degree programs.
In assessing MBA applicants, the team looks at indicators of academic readiness and professional trajectory, including:
Undergraduate performance
Test scores
Work experience
Leadership
Demonstrated impact
Clarity of career goals
“We also consider how a candidate will contribute to the classroom and the broader Rice Business community. The more a student brings to that environment, the stronger the scholarship potential,” says Andrews.
How MBA Scholarship Allocation Works
Each year, Rice Business sets a new scholarship budget for incoming MBAs. As applicants are admitted across rounds, awards are assigned based on the relative strength of each candidate within that round’s pool. That’s one reason we encourage students to apply early, when the pool is typically smaller.
This approach ensures consistency and fairness and helps shape a class with varied experiences and career goals. Admitted students learn about any scholarship awards in their admissions acceptance letter before the first semester begins.
Rice Business is known as one of the most generous with aid. Almost all Full-Time MBA students receive scholarship support, and the average total award now exceeds $80,000.
While I knew Rice was the perfect fit, I wasn’t sure it would be possible to return to school as a new mother. The James W. Crownover Scholars Fund made that dream a reality, opening doors for me to enter the full-time program and pursue my career ambitions.
Emily Smith
Full-Time MBA, Class of 2027
Additional Financial Aid Options
Scholarships are only one part of financing your MBA. Depending on your background, residency or service, you may also qualify for additional support. Many Rice MBA students combine several of these options:
Third-party scholarships. Our Student Financial Services office maintains a list of external scholarships to help students in their search.
Texas resident grants. Eligible residents may qualify for the need-based TEG Texas Grant, which provides an additional annual award.
Veterans benefits. Rice Business participates at the highest level of the Yellow Ribbon Program, and many veteran students receive substantial support.
Student loans. U.S. citizens and permanent residents can apply for federal student loans or explore private options.
Investing in your capital is one of the most important and impactful things you can do to ensure a financially rewarding future and you don’t have to navigate funding alone. Rice Business is committed to transparency and support — and to helping you access an education that will offer a return for the rest of your life.
Rice Business is committed to helping you accelerate your career at any stage and supporting your professional growth long after graduation. The earnings potential shows investing in an MBA is well worth it.
For social ventures rooted in marginalized communities, sharing that origin story can make it harder to attract customers beyond those groups. The reason? Fear of stigma transfer.
For social ventures rooted in marginalized communities, sharing that origin story can make it harder to attract customers beyond those groups. The reason? Fear of stigma transfer.
Based on research by Diana Jue-Rajasingh (Rice Business) and Wesley W. Koo (Johns Hopkins)
Key findings:
Origin stories that highlight roots in marginalized communities carry social risk for consumers outside of those groups, making them wary of buying in.
Research shows the key reason for this is stigma transfer — the fear that purchasing the product will signal lower status by association.
However, framing the origin story in a certain way can encourage those same consumers to offer non-purchase support, such as joining a mailing list.
New research from Rice Business assistant professor Diana Jue-Rajasingh suggests an uncomfortable challenge for social-venture founders: the very origin story that grounds their mission may, in some contexts, limit their ability to grow.
Before earning her Ph.D., Jue-Rajasingh co-founded Essmart, a company that distributes socially beneficial products across rural India. As Essmart pursued new customers, she struggled with how to present the company’s rural roots in a way that would appeal to a more affluent audience.
“Do we emphasize our rural origin story as we expand? That was something we had to think about,” Jue-Rajasingh says. “Is it even useful to talk about the good we’re doing in villages when we’re marketing to people who may not care about that?”
Other social entrepreneurs shared the same hesitation with her. Some worried that affluent customers might not just be indifferent but actively turned off by origin stories centered on marginalized communities. To understand whether that concern held up, Jue-Rajasingh partnered with longtime collaborator Wesley Koo at Johns Hopkins University.
In a new paper in the Strategic Management Journal, they examine whether sharing a social venture’s origin story appeals to new customers — and how framing that story, whether through social impact or product design, shapes its effectiveness.
When Origin Stories Backfire
Their survey-based field experiment confirmed the concern. Affluent, urban customers who heard an origin story tied to a poor, rural community tended to stigmatize the original customer base and became less inclined to purchase the product. Framing mattered: stories connecting rural roots to product design softened the reaction, while stories centered on social benefits heightened it. Still, any reference to social roots reduced willingness to buy.
Jue-Rajasingh and Koo centered the study on Saathi Pads, a growing enterprise founded in 2015 to increase access to sanitary pads in rural India. Its early decentralized production model proved financially unsustainable, prompting a shift to centralized manufacturing and a new urban market — raising the question of how, or whether, to foreground Saathi’s social-mission origins.
To test the effects, the researchers recruited 283 female respondents at a university in Delhi and presented four versions of Saathi’s origin story: a basic rural-roots version; a technology version highlighting design choices; a social-impact version; and a combined tech-social version. A control group received no origin story. Participants then evaluated the company, product quality, and their likelihood of purchasing or recommending the pads.
“Part of me wants to say, ‘Own your story.’ But another part of me says, for the sake of ensuring you can grow your company, remember that sometimes you can’t tell the same story to everyone.”
The Role of Stigma Transfer
As it turned out, none of the four framings increased purchase intent compared with the control condition of no origin story at all. Interestingly, however, respondents exposed to the social-impact version were slightly more willing to support the company in non-purchase ways, such as joining a mailing list.
To understand the aversion to these stories, the researchers tested three explanations: misunderstanding of the venture’s social mission, skepticism about motives and stigma transfer. The analysis pointed to this third explanation, stigma transfer, as the primary mechanism. Respondents who grew up in cities, had higher-status parents and reported higher incomes were especially likely to rate Saathi and its products as inferior after hearing the rural origin story.
“At first, the stigma finding surprised me,” Jue-Rajasingh says. But it also echoed her experience as a founder. “When we promoted our organization, we often featured a middle-class person on a poster to inspire lower-income audiences. I noticed organizations never did the reverse.”
The Importance of Strategic Storytelling
Jue-Rajasingh admits she feels conflicted about the implications of her study’s findings for social ventures.
“Part of me wants to say, ‘Own your story.’ But another part of me says, for the sake of ensuring you can grow your company, remember that sometimes you can’t tell the same story to everyone.”
Her findings also point to several areas where more research is needed. This study focused on a specific context — an Indian social enterprise, a women’s health product and an urban university sample — all of which shape how status dynamics show up. Future work could test whether similar stigma-transfer effects appear in different countries, with different types of products or across other consumer groups.
Another open question is whether certain forms of messaging, visual cues or trust-building strategies can reduce or counteract the stigma mechanism rather than simply avoiding it.
Still, Jue-Rajasingh says there are practical takeaways for founders and managers now. For example, audience targeting matters. “As much as you can, try to target your audience,” she says. “For a mainstream audience, emphasize how the origin story can benefit them; maybe that’s a design or technology tie-in. But for the original customers, those who really do care — you can keep telling your social origin story.”
In other words, the story doesn’t need to disappear. But social-venture leaders may need to decide when to center it, when to reframe it and when to let the product speak first.
Written by Katie Gilbert
Jue-Rajasingh and Koo, “From Margins to Mainstream: The Narrative Dilemma in Scaling Social Ventures.” Strategic Management Journal 46.11 (2025): 2690-2719. https://doi.org/10.1002/smj.3737
For social ventures rooted in marginalized communities, sharing that origin story can make it harder to attract customers beyond those groups. The reason? Fear of stigma transfer.
A new study finds that “look-ahead bias” makes trading strategies appear highly profitable in published research, even though they fail in the real world.
Everyday retail purchases can help banks identify trustworthy borrowers who lack traditional credit histories, expanding access to credit for millions of unbanked people worldwide.
Rice Business Executive Education strengthens retention by giving leaders practical training in strategy, innovation and digital transformation. Expert faculty offer programs that build capability, support advancement and create real organizational impact.
In a city that prizes bold ideas and champions risk-taking, the Liu Idea Lab for Innovation and Entrepreneurship (LILIE) at Rice University has, over the past decade, become one of the country’s leading academic incubators, launching an array of inventive global ventures born in the Bayou City.
Avery Ruxer Franklin
Founded through generosity of Liu Family Foundation, LILIE invests bold ideas with entrepreneurial acumen, academic rigor, Houston-proud networking
In a city that prizes bold ideas and champions risk-taking, the Liu Idea Lab for Innovation and Entrepreneurship (LILIE) at Rice University has, over the past decade, become one of the country’s leading academic incubators, launching an array of inventive global ventures born in the Bayou City.
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Established in 2015 through a $16.5-million gift from the Liu Family Foundation, LILIE has thrived as a one-of-a-kind hub where ardent thinkers, rigorous academic course offerings and mentorship-minded faculty come together within a modern, collaborative workspace designed to take creative ideas from paper to real-world activation.
Since its inception, LILE has brought distinction to Rice as one of the nation’s leading entrepreneurship programs, serving more than 1,600 students each year and supporting over 100 innovative ventures annually. LILIE’s partnership with the Jones Graduate School of Business — recognized seven consecutive years by The Princeton Review as the nation’s No. 1 graduate entrepreneurship program — makes Rice an enviable academic ecosystem where students are poised to succeed within the fast-changing business landscape
The milestone anniversary celebrates the vision behind its founding: to make Rice a fully integrated hotbed for entrepreneurship where visionary ideas find life beyond the campus walls. Offering dedicated courses, mentorship, business-savvy faculty and significant financial resources, LILIE is uniquely equipped to prepare innovators with skills to thrive in careers from nonprofit and small businesses to high-tech and Fortune 500 companies
The Liu Family Foundation’s investment helped position Rice and Houston as leaders in grooming young innovators with the ability to take ideas from the lab into the marketplace, enhancing and diversifying the global standing of both the city and its premier research university.
“By building this transformative platform for innovation and entrepreneurship, Rice has strengthened its standing as a launchpad of possibilities and ideas that place Houston at the forefront not just of energy, aerospace and medicine but as a global leader in digital technology, advanced manufacturing, renewable energy and biotechnology,” said Yael Hochberg, who heads LILIE.
In its first decade, more than 300 companies have been set into motion by LILIE-supported Rice graduates. These startups are as varied as they are inventive and include ventures focused on water purification, energy storage, laser-based medical devices, clean climate technologies, humanitarian aid data systems, air conditioning advancements, AI-powered data security and even running shoe technology to reduce leg and foot strain.
These student-led ventures were shaped, refined and supported through the LILIE network. Additionally, they have raised over $25 million in both dilutive and nondilutive funding to continue powering their world-changing ideas after graduation.
As LILIE looks ahead to its future, it will continue to evolve alongside rapid advances in AI and global innovation. As an accelerator for creative problem-solving, it will adapt to remain a leader in preparing students to help change the world.
At its core, LILIE believes in a future built by those bold enough to chase it. That was true at its start, remains so today and will continue for decades to come.
Rice Business professor Mijeong Kwon finds that viewing passion for work as a moral virtue can harm employees and teams, leading to guilt, burnout and biased treatment of colleagues who are seen as less passionate.
Rice Business professor Mijeong Kwon argues that moralizing a love of work can undermine workplace well-being. Her research shows that treating intrinsic motivation as a virtue fuels guilt, burnout and biased judgments that disrupt team dynamics.
Rice Business Executive Education strengthens retention by giving leaders practical training in strategy, innovation and digital transformation. Expert faculty offer programs that build capability, support advancement and create real organizational impact.