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What Does It Mean To Be a “STEM-Certified” Program?

The designation is one of the key reasons international students choose Rice Business.
Programs
Programs

The STEM designation is one of the key reasons international students choose Rice Business.

What Does It Mean to be a STEM-Certified MBA?
What Does It Mean to be a STEM-Certified MBA?

Our MBA graduates are known in the marketplace for broad problem-solving skills, reflecting a curriculum grounded in quantitative and data-analytic methodologies. 

That’s why we’re a STEM-certified program. But what does this actually mean? And why is it important?

What is a STEM designation?

Being STEM-certified means we’re recognized by the U.S. Department of Homeland Security (DHS) as a program that emphasizes science, technology, engineering and mathematics.

For all of our students, this designation reflects a commitment to integrating cutting-edge technology and analytics into our business curriculum. We prepare students for the demands of today’s data-driven world.

But for international students, earning a degree from a STEM-certified program isn’t just about acquiring knowledge — it’s a crucial advantage in securing extended career opportunities in the United States. Being eligible for this extension means international students are permitted to work in the U.S. on their F-1 visas for up to three years after they graduate (as opposed to just one year).

Interested in Rice Business?

 

Why is it important?

This additional time is more than just a benefit for international students — it’s a game-changer. It gives them more time to build a robust professional network and gain real-world experience. 

The presence of international students at Rice enriches our community, brings diverse perspectives and drives innovative thinking. It’s no wonder the Rice Around the World Partio is one of our most highly attended student events of the year.

Our diversity drives innovation and creativity, pushing boundaries and challenging conventional thinking. In this way, the STEM designation not only benefits our international students but also strengthens our entire academic community, preparing all our graduates to excel in a globalized economy.

How have we earned it?

Becoming STEM-certified is no small feat. It requires meeting stringent criteria set by DHS, ensuring that our curriculum is heavily grounded in technical and quantitative skills. At Rice Business, we’ve designed our programs to not only meet these requirements but to exceed them.

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Parool Didwania's Summer of AI at F5

Summer Internship Spotlight
Student Stories
Student Stories
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Discover how Parool Didwania spent her summer as a technical program manager intern at F5. Learn how her MBA coursework and tech background helped her work on an AI implementation strategy within the Secured Distributed Cloud unit.

 

PREVIOUS CAREER AND CURRENT INTERNSHIP

Previous position before MBA:

  • Title: Product Owner
  • Company: Ericsson
  • Location: Gurugram, India

Summer Internship: 

  • Title: Technical Program Manager Intern
  • Company: F5
  • Location: San Jose, CA
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Parool Didwania, Full-Time MBA Student

HOW DID YOU SECURE YOUR INTERNSHIP?

I applied for the role through LinkedIn. Two weeks later, I received my screening interview invite, followed by a Superday, which had three interviews back-to-back.

WHAT WERE YOUR RESPONSIBILITIES DURING THE INTERNSHIP?

I am working as a technical program manager intern here at F5. For my summer assignment, I am working on an AI implementation strategy for the organization that focuses on employee efficiency, standardization and automation.

WHAT DEPARTMENT WAS YOUR INTERNSHIP WITH?

I am part of the technical program management team in the Secured Distributed Cloud unit (SDC) at F5. 

HOW DID YOUR MBA COURSEWORK PREPARE YOU FOR THIS INTERNSHIP?

Multiple things are helping me in this internship. First is the communication course, as it made my conversations with leadership teams very productive. Apart from that, a mix of concepts from Product Management, Data Analytics, and Strategy courses are helping me design the strategy to get the desired outcome. I am working on the business strategy part, and that involves bits and pieces of almost everything I learned in the last two semesters, be it finance, marketing or organizational behavior. 

HOW DOES THE INTERNSHIP ALIGN WITH YOUR CAREER GOALS?

Having a tech background, I always wanted to continue in this industry. AI being the talk of the town, I wanted to get firsthand experience with that, and this internship has allowed me to do so. I will be completing my MBA with specializations in marketing and strategy. This internship allowed me to work in a strategy role that will add to my technical career. 

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Parool Didwania, Full-Time MBA Student, alongside Fellow F5 Interns

HOW DO YOU THINK THE INTERNSHIP WILL HELP YOU WITH YOUR MBA STUDIES OR FUTURE CAREER?

F5 is a SaaS-based/cybersecurity company that aligns perfectly with my experience and career goals. Working with AI strategy strengthens my profile to excel in that direction.

WHAT IS YOUR FAVORITE PART OF YOUR INTERNSHIP EXPERIENCE?

My favorite part is the people. I'm engaged in an exciting project with brilliant co-workers and leaders, and it's the team environment that enhances the experience. The senior leadership at F5 embodies the “BeF5” values, which is remarkable. I’m never treated as just an intern. I even had the opportunity to meet the CEO, chief product officer and chief marketing officer. The cherry on top was presenting my project to the CPO. The accessibility and ease of communication with everyone make it the best part.

WHAT ADVICE DO YOU HAVE FOR PROSPECTIVE STUDENTS?

It's important to present the best version of yourself to employers and those you meet but remember to stay true to who you are. Authenticity goes a long way. Be yourself but stay open-minded. The MBA journey is a time for growth and learning, and being adaptable will help you make the most of it. Embrace vulnerability and know that it's okay to feel uncertain at times. These moments can lead to significant personal and professional growth. The key is to bounce back, learn from the experience and work even harder.


Parool Didwania is a Full-Time MBA student in the Class of 2025.

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Rice launches Chevron Energy Graduate Fellowship, celebrates inaugural recipients

Energy
MBA
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Congratulations to Wesley Hungbui FTMBA ’25 for being named an inaugural recipient of the Chevron Energy Graduate Fellowship. Through a partnership between Chevron and the Rice Sustainability Institute, this initiative awards $10,000 each to 10 Rice graduate students driving innovation in energy-related research. 

Marcy de Luna

On Sept. 4, the Rice Sustainability Institute (RSI) hosted a reception to introduce the inaugural cohort of the Rice Chevron Energy Graduate Fellowship. Held at the Ralph S. O’Connor Building for Engineering and Science, the event brought together more than 50 attendees to celebrate this new initiative. Funded by Chevron, the fellowship provides $10,000 each to 10 Rice graduate students for the 2024-25 academic year, supporting their groundbreaking research in energy-related fields.

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RSI hosted a reception to introduce the inaugural cohort of the Rice Chevron Energy Graduate Fellowship. Photo by Jeff Fitlow/Rice University. 

Rice President Reginald DesRoches opened the event by emphasizing the importance of the collaboration. “This exciting new partnership between the RSI and Chevron represents a significant step forward in our shared commitment to advancing sustainable energy solutions,” he said. “Through our combined efforts, we are not only empowering our students but also contributing to a more sustainable and innovative future.”

The fellowship recipients are researching solutions to some of the world’s most pressing energy challenges, from recycling lithium-ion batteries to producing eco-friendly hydrogen alternatives to fossil fuels. Their work focuses on creating real-world, scalable solutions to transform the energy landscape.

Chris Powers, vice president of carbon capture, utilization and storage and emerging at Chevron New Energies and a Rice alumnus, underscored the importance of innovation. “I’m excited to support emerging leaders like you all in this room, who are focused on scalable, innovative solutions because the world needs them,” he said. “Innovation and collaboration across sectors and borders will be key to unlocking the full potential of lower carbon energies. And it’s groups like you, our newest Chevron Fellows, that can help move the needle when it comes to translating, or evolving, the energy landscape for the future.”

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Rice President Reginald DesRoches opened the event. Photo by Jeff Fitlow/Rice University. 

Ramamoorthy Ramesh, executive vice president for research at Rice, spoke via Zoom about the broader vision behind the fellowship. “These Chevron Fellows will question what exists today and discover the new tomorrow,” he said. “We want to be very good citizens, very good partners with Chevron, and do what is right for the planet.”

Carrie Masiello, director of the RSI and the W. Maurice Ewing Professor in Earth, Environmental and Planetary Sciences, presented each fellow with a certificate during the ceremony. This year’s Chevron Fellows include:
 

  • Xi Chen, a doctoral student in materials science and nanoengineering, uses microwave-assisted techniques to recycle lithium-ion batteries sustainably.
  • Enina Egiebor, a doctoral student in chemical and biomolecular engineering, works on solar-driven technologies to produce green hydrogen, an alternative to fossil fuels.
  • Miriam Gammerman, a doctoral student in Earth, environmental and planetary sciences, studies soil minerals’ role in the global carbon cycle to improve carbon storage.
  • Wesley Hungbui, an MBA student, develops financial models to encourage investment in sustainable energy projects.
  • Alexander Lathem, a doctoral student in applied physics, researches carbon-free methods to produce ammonia, a key agricultural fertilizer.
  • Ziran Wang, a doctoral student in civil and environmental engineering, studies power grid resilience in response to natural disasters and system failures.
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Chris Powers, vice president of carbon capture, utilization and storage and emerging at Chevron New Energies and a Rice alumnus, underscored the importance of innovation. Photo by Jeff Fitlow/Rice University. 

Other fellows include Ahmad El Gazzar and Zina Deriche, who are focusing on renewable fuels and carbon-capture technologies; Travis Seamons, who is working on biological systems to sequester carbon dioxide; and Stan Kannegieter’s research highlights the potential of soil organic carbon sequestration on agricultural land if we remove the additionality constraint.

“This fellowship supports students working on a wide range of topics related to scalable innovations in energy production that will lead to the reduction of carbon dioxide emissions,” said Masiello, who highlighted the fellowship’s diverse group of applicants, spanning 10 departments and four schools at Rice. “It’s important that we recognize the importance of intellectual diversity to the kind of problem-solving we have to do as we accomplish the energy transition.”

For more information on the Rice Chevron Energy Graduate Fellowship and the research being conducted by this year’s recipients, please visit the website.

 

 

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Why Should You Pursue A Master of Accounting Degree?

Why Accounting?
MAcc Programs
MAcc Programs

Accounting is a high-demand skill that provides excellent earning potential to Master’s graduates. As a result, regardless of undergraduate major or background, a graduate degree in accounting can transform your career trajectory in as little as one year.

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The Master of Accounting Program Staff

Why Accounting?

Accounting is a high-demand skill that provides excellent earning potential to Master’s graduates. As a result, regardless of undergraduate major or background, a graduate degree in accounting can transform your career trajectory in as little as one year.

Qualities that Master of Accounting students possess include the ability to synthesize across disciplinary areas, critical and analytical thinking and exemplary oral and written communication skills. If this sounds like your skill set, a graduate accounting degree may be a great fit for you!

Go From Bachelor’s To Master’s In As Little As One Year

Master of Accounting programs generally take one year, in addition to some prerequisite coursework. After this one year, you will be qualified to sit for the CPA exam and will have a range of opportunities available to you. Graduate accounting programs are available in four formats: integrated, online, part-time and full-time. Keep in mind that your program type can dictate how long the degree will take to complete.

Interested in Rice Business?

 

The Possibilities Are Endless

Accountants are problem-solvers trained to tackle new challenges daily. Our alumni often tell us that there’s no such thing as a typical day on the job, and that the profession is constantly changing. In addition to expert technical skills, successful graduates are adept at personal interaction and communication with their clients.

Because accounting is the universal language of business, you can leverage your graduate accounting degree to a job in virtually any industry or sector. This technical versatility will enhance your career options and boost your earning potential. And in contrast to almost every other profession, in the field of accounting, career opportunities actually broaden with time and experience.

Thanks to this ever-expanding career horizon, a Master of Accounting degree represents an exceptional return on investment.

Qualify For The CPA Exam

A Master’s degree in accounting will also qualify you to sit for the CPA (Certified Public Accountant) exam. Earning your CPA provides even higher salary potential and career options. Because CPAs are so highly valued in the professional world, this prestigious credential will benefit you throughout your career.

Ready to pursue this career path? Reach out to us at ricemacc@rice.edu. We’d be happy to share more information about the program and how it can propel you ahead.

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MAcc Programs

Accounting is a high-demand skill that provides excellent earning potential to Master’s graduates. As a result, regardless of undergraduate major or background, a graduate degree in accounting can transform your career trajectory in as little as one year.

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MAcc Programs

The one-year Rice Master of Accounting (MAcc) program welcomes students from all undergraduate majors. Our intentionally small program ensures that you will get to know your classmates and professors well. You belong here!

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Fail Fast, Learn and Innovate feat. Tim Okabayashi ’05

Flight Path
Flight Path
Energy

Season 4, Episode 23

Tim is the very reason our podcast exists. He chats about helping launch Owl Have You Know, his dynamic career in the evolving energy sector and how embracing failure is key to driving innovation.

Tim Okabayashi Podcast Episode

Owl Have You Know

Season 4, Episode 23

Our guest, Tim Okabayashi '05, is the very reason our podcast exists. A proud Rice Business alum, Tim not only earned his MBA here but also served as president of the Rice Business Student Association, volunteered with the admissions office, and played a key role in the consulting club. In October 2020, Tim and fellow alum Karen Crofton ’10 launched the Owl Have You Know podcast, bringing the vibrant stories of Rice alumni to life.

Today, Tim is a consulting manager for SLB’s end-to-end emissions solutions. His career has taken him from Kuala Lumpur, where he supported operations across Asia, to his current home in London, where he lives with his wife Casey and their two children.

In this episode, host Maya Pomroy ’22 — who shares not just a Rice connection but also a high school alma mater with Tim — catches up with him on his dynamic career, the power of the Rice alumni network, and his ongoing dedication to the school that shaped his journey. Tune in to hear about Tim's international experiences, his insights on the evolving energy sector, and how embracing failure is key to driving innovation.

Subscribe to Owl Have You Know on Apple PodcastsSpotifyYoutube or wherever you find your favorite podcasts.

Episode Transcript

  •  [00:00]Intro: 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, the stories of the Rice connections that got them where they are.

    At Rice, they say, if you're an Owl, you're an Owl for life. And Rice Business grad, Tim Okabayashi, exemplifies that statement in every way. The 2005 Jones School of Business alum and former Rice Business Alumni Board president talks to us about the extraordinary impact the MBA program has had and continues to have on his life decades after graduation. We also talk about his impact on Rice Business and how he and a classmate pitched this very podcast back in 2020, using none other than water bottles as microphones.

    An impressive career in energy leading him to many different corners of the globe, Tim shares a bit of his own wisdom about the future of innovative energy technologies, what he's working on now, his perspective of always staying deeply rooted to the Rice Business Network, and even a piece of advice he would give to his younger self.

    So, welcome, Tim. We're thrilled to have you today.

    [01:13]Tim: Maya, it's really a pleasure to be here. So, thank you very much for having me.

    [01:17]Maya: One of the other things that people may not know is our history and our background. So, we went to high school together, and I haven't seen you in, like, you know, it's been two years since high school, right, so, because we're really young.

    [01:31]Tim: I don't, I don't want to give anything away, but I ran into some of our fellow high schoolmates, and they reminded me that my 30th-year reunion was coming up, which is a pretty scary thing.

    [01:44]Maya: No, it's a great thing. And not only that, but we share our high school, like, we also share Rice, which is really such an honor to reconnect with people. And that's what I've noticed that Rice Business does. You reconnect with people that you would have never expected.

    [01:59]Tim: The Rice network is a fantastic network. And I find that it's one that people just stay really close together, and even if you are connected only through a connection of a connection, that Rice Business connection is always there.

    [02:14]Maya: And not only that, but you really have stayed active as an alumni. I mean, you graduated in 2005. I mean, I'm a class of ‘22, so I'm a newbie. And your connection to Rice has really spanned decades. Let's start with Rice and why you chose Rice. You went to the University of North Carolina at Chapel Hill, I remember that, when you graduated. And you studied science and engineering and you minored in chemistry. So, what was your goal? What did you want to do when you grew up?

    [02:47]Tim: Actually, when I graduated UNC, I went into environmental consulting, which is, kind of, interesting. Basically, I was living in Atlanta. I had clients that were in all aspects of manufacturing, materials, commercial aviation, the military, and I was helping them out with their air quality compliance, industrial hygiene programs. Anything, kind of, EPA-related, we were there to help support them.

    And at the time, after a few years, I felt a little bit like I wanted to make a transition. I was getting very used to, kind of, the operational level things, but I wanted to have a different perspective. I wanted to gain that business perspective, that strategy perspective to see what were the drivers behind the operational decisions that were being made.

    That's why I wanted to look at a full-time MBA program to make that transition, not only in function, but also industry.

    [03:38]Maya: You said you were in Atlanta, did you want to come back home to Houston? Was that one of the real reasons that you wanted to come to Rice? I mean, other than the fact that Rice is the best, you know, MBA program in the country in our opinion, but was it, was that the reason?

    [03:52]Tim: Yeah. So, growing up in Houston, I have a lot of family there, a lot of friends there. And, you know, I, at least, wanted to have the opportunity to work in Houston. Certainly, the energy markets at the time were very hot and wanted to make that an opportunity of what I wanted to explore post-graduation from Rice. So, that combination of wanting to go into energy and also work in the Houston area was definitely one of the reasons why I went back to Rice.

    [04:17]Maya: Tell me about those two years that you were there. So, it was from ‘03 to ‘05.

    [04:21]Tim: That's right, yeah. The school had just moved into the new building about a year prior. It was a great experience. Our cohort sizes were about 60, and we had 60 people, and we had about three classes.

    It was a great experience. Could not believe how close you were able to get to your classmates in such a short amount of time. Combined with, in fact, the curriculum was challenging and it took up a lot of time. I mean, I was busy from every moment of the day, it seemed like, but I got so much out of the experience.

    [04:53]Maya: Can you tell me some of what drew you to really stay engaged, over all of these years, even after graduation? So, you graduate in ‘05, you know, I mean, everybody says that they want to give back to their alma mater and all of that, but what was it, specifically, about Rice that made you stay so passionate and involved?

    [05:12]Tim: One of the things I distinctly remember about my time at Rice was, probably, on the first few days we were going through orientation, there happened to be some, then, Rice Business Alumni Association board members who were attending an event. And someone introduced themselves to me and just had a conversation.

    It was so great to see that those alums and board members of the Alumni Association were there, getting to know the incoming students. And so, that spoke volumes right from day one of how engaged the alumni base was for Rice Business. It was incredible. And, even through the program, you would always come in contact with alums who were recruiting or networking, and they were always so passionate about Rice Business and giving their time back to Rice Business and to be so giving with the programs within Rice Business, from Rice Alliance to business plan competitions, to mock interviews, to recruiting. It just showed part of the real strength of Rice Business and what keeps the strong network alive for the school. And I wanted to be part of that.

    Aside from that, I had the opportunity to move overseas. And I really found, kind of, one's personal network, when you move overseas, it can be a little bit diminished, just by geography and distance and miles, right? And I know you've lived overseas as well, but I moved to Kuala Lumpur in about 2013, so, some years after my graduation from Rice. When I got back to Houston, I joined the board, or I applied for the board, and spoke about how I wanted to really try and bring about more engagement with the international graduates who have moved away from Houston and the U.S. So, I wanted to try and help build that connective tissue between the school and those students, where there's not a lot of concentration of graduates.

    [06:55]Maya: Right. Well, now, well, now, we have a whole campus overseas and, well, over in Paris, which is a very nice place to be. I think that Rice recognizes that there's a need for that, because we are growing exponentially and our alumni network is growing exponentially. And by having opportunities to connect with alumni all over the planet, that's one of the distinguishing factors of Rice Business.

    [07:19]Tim: That, and the Rice MBA program, basically, allows for students to be anywhere around the world, taking the same classes, going through the same experience together as the rest of the Rice Business school, and that goes to the Jones School.

    [07:32]Maya: So, tell me about your time as the president of the alumni board. How long is the term, and how do you get in? You know, I know that there's an application process and due diligence and all of that.

    [07:44]Tim: Sure. There's an application process where you submit a form to the board. You describe yourself, about your history, how you've been involved with Rice Business in the past, why do you want to become a board member on the alumni association? And then, if you are elected to the board, then you join for a period of, what I believe is a minimum of three years or a maximum of six years, unless there's some extenuating circumstance where you become an officer and it gets extended. So, I've actually served for a total of seven years. I've just finished up my seventh and last year as past president. So, officially, I am off the board now.

    [08:19]Maya: But you're also in the UK. You live in Cambridge. And so, you served as the president from, you know, across the ocean.

    [08:27]Tim: I did. You know, that was one of the concerns I had to discuss with the, then, executive committee, like, can we pull this off? Can someone be not in Houston, not in Texas, not in the U.S., and still be the board president? And, you know, we had come through COVID by this time, so everyone was on Zoom, and we were conducting most of the meetings in that fashion.

    So, we really didn't see a problem with that. There were some events during my term as president that I wasn't able to get back to, and we nominated other people on the board, or the president elect stepped in or other board members stepped in to, say, give a speech at graduation where I just physically couldn't be there. I tried to attend as many events as I could, but the rest of the board was happy to help out. So, it was fantastic support.

    [09:13]Maya: Well, and how lucky Rice Business has been for you to serve for seven years. Are you sure you don't want to come back for, maybe, an eighth? Or, I mean, is there, like, a… can you, I mean, can you, like, take some time off and then maybe come back? I don't know.

    [09:26]Tim: Sure.

    [09:26]Maya: Just, I don't know what the, what the rules and regulations are, but nobody wants to lose Tim. And I don't blame them.

    [09:32]Tim: I'm sure there's always ways in which I could volunteer my time for Rice Business, and I'd be happy to do so. While we were on the board, we tackled a lot of issues. And I'm really proud of the work that myself and my fellow board members did. I mean, I think I did the math or asked someone to help me out with the math. I think we came in, I came in contact with about… someone's going to have to fact-check this, but maybe, like, 40 different alums have, kind of, been in and around the different years while I've been on the board. So, it was a great way to get to know other alums in a way that I hadn't before, from all different years, from all different backgrounds. So, that was another plus.

    [10:08]Maya: For sure. So, it was COVID time and everybody felt fairly disconnected. How did you and Karen decide, you know what? Why don't we start a podcast at Rice?

    [10:22]Tim: Yeah. So, Karen is Karen Crofton, who's in Boulder, Colorado. It was actually before COVID had happened. I think we were at our fall retreat in September — August or September — where we were discussing ways in which the board could increase alumni engagement. That's really the core of what the board is there for. We're there to help increase engagement with alumni and build up relationships between the school, alumni. And when I say school, we're looking at aspects of the students, the faculty, and other alumni. So, any way we can increase engagement with the alumni base back to the school, however you want to define it, that's fair game for us. That's what we want to look at. That's what our, kind of, North Star is and what drives us.

    There are some other projects that we were considering, and we, kind of, broke up into teams and did a vote on what looked interesting. The topic of a podcast came up, and Karen and I were the only ones brave enough to, kind of, join that squad. And we were, we were hashing it out. We broke off into a breakout room. I think we came up with, like, a three-slide presentation to pitch back to the group after we came back from break. I think, literally, with about 10 seconds before it was time to present, I leaned over to Karen and just said, “Let's scrap the slides. Let's just pretend we're doing a podcast interview right now.” She was totally game for it. She's like, “Let's do it.”

    I think we picked up our water bottles we had and just used those as microphones. And I, kind of, got a little announcer voice going on and asked Karen questions about what the podcast would do, what it would be like, who would we interview, why we'd want to do it. And it was just, kind of, a hit. We, kind of, got immediate approval, and were off and running. So, for the next year, we, basically, were in planning mode. How do we do this? And at the time, we thought we would have to do it at the school. We would have to take advantage of the recording studio at the school. You know, we were, kind of, really worried about, like, how are we going to get alums to come by the school to do the recording? Is that going to limit us to just Houston-based alums?

    We were worried about that. Then, we were thinking about the production. We got a lot of these things figured out, but there's still some issues we were working through. So, it did take us a while. And considering that the alumni board is a voluntary board, we were doing this in our part time. So, it was, kind of, incrementally nudging along. So, it did take us a little while. But we did figure it out in the span of a year and started moving forward, recording our own board members first as our brave guinea pigs.

    [12:46]Maya: So, what's your favorite podcast? I have to ask it. Or, are you, like, do you love podcasts? Is that why you decided… hey, by the way, very creative of using the water bottle as a microphone. I mean, I have to say, like, hats off to that.

    [12:59]Tim: There’s so many podcasts that come to mind, the ones that I really remember and that I think are incredible stories of people's lives that I only knew a portion of, right? And so, I mean, just to name a few, well, I'll be partial. I'll be partial to a family member, full disclosure, Amanda Stewart was on and she talked about the DEI activity she's bringing about in her company, and I'm so proud of her. There's Brian Jackson, current president of the board. He told his story out there, and it was amazing. I can't believe how transparent and authentic he is. And he's like that in real life. It’s unbelievable.

    There’s another fellow high-schooler that was interviewed, Will Robertson as well. That was a great interview. Oh, Bethany Andell. I mean, she talks about her business, but also, kind of, her ethos of the way she engages with clients. So, it's really great to hear just additional color about people's lives and their intersection with Rice Business.

    [13:51]Maya: Yes. And so, what's interesting is that I know the studio that you're talking about that we have on campus and how unique and ironic is it that we were able to, because of COVID, have an opportunity to really interview anyone on the planet because of the innovation that we have, because you're not in the United States and we get to talk to you and tell your stories, or it really doesn't matter where you are on the planet to be able to share the journeys and the stories and the pivots and the flight paths and all of those things that you want to showcase about Rice.

    [14:26]Tim: I just don't want to diminish how things might have looked back then, you know, as well. But yeah, you're absolutely right. The opportunities to virtually expand your reach are pretty phenomenal these days. And I think the Owl Have You Know platform is a great one that continues to grow and expand with the different programs and subject themes and the interviews with the staff and academics and highlighting the research. I think it's incredible. I think there's a lot of room for Owl Have You Know to become a really central part of Rice Business, as well as the business community.

    [15:02]Maya: For sure. So, the name, Owl Have You Know, tell me how you came up with the name. How did that transpire? Because people ask me that all the time, and I'm like, “I don't know, but I'll ask Tim.”

    [15:18]Tim: All right. So, the Owl Have You Know name came about just through basic brainstorming and trying to find something witty and a little punny, if you will, for the podcast.

    [15:30]Maya: Very punny, very punny.

    [15:32]Tim: Yeah, there you go. I actually pulled up a list of some of the other contenders, and I think, I think we could probably agree on most of these, that they were probably good that we passed on. Let's see. Who gives a hoot?

    [15:44]Maya: That's a good one.

    [15:46]Tim: Owlified might have been the next best contender, yeah. So, certainly, it didn't take us a long time to realize that Owl Have You Know was a much better name. And we also wanted to leave it at the time, I think this is evident in the first season that, at the end of every podcast, we would ask the guests of, like, if you had to say something, like, Owl Have You Know, as a surprise, that we were thinking, like, that would be, kind of, a little bit of the catch of the podcast.

    [16:14]Maya: Huh! Gosh, nobody told me that part.

    [16:17]Tim: I think it's a lost opportunity, Maya. I mean, you got to, you got to, you got to bring it back.

    [16:23]Maya: Well, for sure, I'm going to bring it back. And don't let me forget to ask you at the end of this, if you could, if there was something that you could share. Wait, wait, wait, what's the exact question? What is it?

    [16:34]Tim: If you were to tell the audience one thing in the framework of Owl Have You Know, what would you tell them?

    [16:40]Maya: Yes, I love that. I love that. Let's pivot a little bit and talk about what you have been up to since graduation and, kind of, the trajectory of your career and how Rice Business has really shaped who you are today. Because I know how Rice Business and Owl Have You Know has shaped me and continues to do so, but let's talk about you.

    [17:01]Tim: Sure. So, right after graduation, I joined this clean energy technology startup company in Houston. It was a small company that was primarily angel-funded. And we had this proprietary technology that we're trying to break into the off-road diesel market. So, off road diesel in the U.S. is primarily red dye diesel that goes into engines like locomotives or drilling rigs, marine vessels. And at the time, again, back in 2005, you know, commodity prices were high. And anything we could do to help reduce fuel consumption and reduce harmful combustion emissions was a good thing.

    So, we were trying to break into that market, and it was a great experience being with a startup company and being in that industrial space. Did that for about three years. I actually joined the company with a fellow classmate of mine. So, we were… the two of us from our class were lucky to sign on as full-time employees there.

    So, it was a great chance to do something that was really rewarding and doing it with someone who is a close classmate. About 2008, then, I left the company and then joined Smith International, which was an oil field company, doing M&A work. We were looking at, what was our white space? Where did we want to grow into? And I was definitely leveraging my MBA to look at opportunities for acquisition to help us grow.

    And in about 2010, then, we got purchased by Schlumberger, which is now SLB. And so, then, I transitioned to a different role, and I transitioned into what we would call marketing and technology, which was looking at market analysis, pricing, product launches, service launches within the drilling tool space for SLB.

    Did that for several years. And then, in 2013, transitioned to Kuala Lumpur to take on a more ops-driven role there for about three years. And that was a, that was a really great assignment. It was our first international assignment, and it was a tough one.

    [19:04]Maya: And you've worked a lot in Asia and in the Asian market. What were some of the surprises and some of those “aha” moments while you were in Asia?

    [19:13]Tim: I think one of my biggest learnings was actually passed to me from a colleague. And at the time, I, kind of, brushed it off. But he said, like, you know, “Tim, the world is such a small term for such a large place.” And I think, often, in times, in oil and gas, we think of the natural resources, you know, crude or natural gas as really being just commodities and it's the same anywhere. But that's really not true. I mean, to a certain degree, it is, by the chemistry, but then, again, the methods and the people and the culture around the activities in different parts of the world can be uniquely different. And that is something that I had grew to have a great appreciation of when I moved abroad.

    [19:57]Maya: And then, what brought you to Cambridge? I mean, obviously, SLB brought you to Cambridge, but so tell me about that path.

    [20:03]Tim: In about 2018, then, I got moved to a different assignment over in Cambridge, which is attached to a research facility. And at the time, we were standing up this group to leverage our own data warehouses, if you will, to try and develop digital solutions for our drilling operations. So, this is, I mean, again, going back to 2018, now, it probably doesn't seem so novel, but at the time we were really trying to unpack and leverage all this data we had to bring about solutions, both internally and externally, for our clients. So, I was part of that domain team that looked at big data analysis for well construction activities.

    [20:42]Maya: What do you see for the future, you know, because we have energy transition, we've got so many exciting things on the horizon, also, with AI and drilling technology and clean energy? What are you the most excited about of what's coming up in the next, I mean, five to seven years?

    [21:01]Tim: I'm most excited about the continuation of just the advancement of technology throughout the oil field and new energy and alternative energy and transition energy. Like, at the heart of it, the research and development, technology development is really the key enabler. And it takes time to develop this technology, commercialize it, and then have adoption, right?

    And this process requires people. And yes, big data, AI can certainly assist, but at the heart of it, there's still this need for people and researchers and ideas and science. And so, being surrounded by these highly talented people, like in Cambridge and throughout the rest of the world, throughout the industry that are at the forefront of technology development, that's what still gets me excited about working in this space.

    [21:48]Maya: And so, you've been with SLB for quite some time, even through a rebranding, because it was Schlumberger and now it's SLB, right? I live in Houston. So, I drive by, and I saw the changing of the sign. And SLB is, you know, a behemoth in the energy space. What do you see for the future of SLB?

    [22:06]Tim: SLB, at its core, is still delivering products and services to oil and gas clients. We also have SLB New Energy, which is looking at different avenues of developing new energy solutions for the energy market. SLB is a technology company. And also, what I'm doing now within the methane space is very, very appealing and has the opportunity to really help decarbonize the emissions that come from oil and gas operations. So, these are the things I'm most excited about being with SLB.

    [22:40]Maya: Tell me a little bit, whatever you can, about what you're working on, with regards to methane. Because, obviously, I'm assuming you're talking about flaring.

    [22:47]Tim: Sure. Well, that's one key aspect of it. So, you know, the IEA, the International Energy Association, approximates that about one-third of the methane in the atmosphere comes from energy-related activities. And methane is a greenhouse gas, and on some levels, or some estimations, it's about 80 times more powerful in terms of global warming potential as a ton of carbon dioxide over the span of about 20 years.

    And what's really interesting is, with this contribution of methane from the energy industry, about 50% of the methane emissions is approximated to be able to be reduced at no net cost for the industry. Meaning that the methane, in the form of natural gas, can be put back into the pipeline and sold. And so, there's this huge potential for abatement that could be at relatively low cost or no cost to the industry. And what's difficult is, often, to find out where that methane is, how much of it is there, and what type of abatement technologies to apply.

    And so, our group, the SLB, End-to-end Emissions Solutions, is in that space. We're helping our clients identify where their methane emissions are coming from, quantify it, find ways to reduce their emissions, and then help them report their emissions to whatever reporting agency or regulatory agency that might need them.

    So, emissions could be coming from flare, like you said, or they could be coming from general leaks, right? So, leaks would be called fugitive emissions. Sometimes, you don't know how long a leak is going for, or you don't know how big the leak is. So, you do need some measurement technologies to go out there and find them and then identify them and then repair them.

    [24:31]Maya: That's really, really, really interesting. I know that they're doing a lot of work here in Houston. So, do you have any plans of coming back to Houston? I know that you've got some kiddos. And are you enjoying life in the UK?

    [24:43]Tim: We do enjoy our time here in the UK. We've grown very fond of the place we live and the friends we've met. I think we've been very fortunate wherever we've lived, be it in Malaysia or Houston or Cambridge, to just have really found a good network of friends. That is one thing that, being an expat, you know, you're, kind of, removed from that safety net of your home, let's call it home, friends and family. And you need to, kind of, find support around you wherever you are. And we've managed to do that in some ways. And so, we're very fond of the people that we have close to us here. And we know that, eventually, we will most likely move back to Houston. We have friends and family that we’re very close to back there. And we miss the food. So, eventually, we will find our way back to Houston, but right now we still continue to look at this as an adventure.

    [25:31]Maya: Well, can you tell me a bit about your family and about your wife? Because they've been, they've been on this journey with you.

    [25:37]Tim: Yeah, my wife is, my wife is really amazing. She's actually from Houston as well. We grew up, you know, probably about two miles from each other, but we never knew each other until we were adults, until we started dating. So, it's really, kind of, interesting. We actually have some friends of friends in common, but yet, we still never met each other in Houston. She is a classically trained soprano singer. She graduated from the Moores School of Music at University of Houston.

    Prior to us moving around the world, she spent a lot of time in education, teaching middle school choirs. So, that was what her previous professional life was. I really can't say how amazing she is. Just to give you an example of the support she has given me and how great she is, I remember distinctly, we were waiting for a transport bus to take myself and then just our one daughter and about six huge duffel bags to the airport to move to Malaysia. This was going to be our first assignment overseas. And even up until the point where that van pulled up, we were like, “Are we doing the right thing? We were about to take ourselves and our 14-month-old daughter away from her grandparents and family, and we're going to move, literally, around the world. Are we sure this is the right thing?” And I think I recall her, she just looked over and said, like, “Tim, I believe in you. I believe in us. And I believe that we will survive, no matter what.” And I think, at the end of the day, like, that was such a great thing she could say at the right time.

    The role I was taking was a stretch role. I was luckily pushed into this role by some mentors for growth. And there are some nerves about that. But to be given, basically, the opportunity to fail and permission to fail from my partner was just an incredible gift. And it's something I will always remember.

    [27:30]Maya: That's phenomenal, that's a phenomenal person to have a partner. And we talk a lot, even at Rice, part of the curriculum is you got to learn how to fail because that's when you have the most growth, you know. And to have that support, that's one of the things that, you know, has stuck with me about Rice, is that you've got to learn how to, how to fail, and then how to get back up and how to try again. And it seems so simple, but people have such fear of doing that. When you're an adult and you're, you know, you're married and you have children that are depending on you…

    [28:03]Tim: A mortgage.

    [28:04]Maya: Mortgage, right. You've got bills to pay. You're like a grownup. You don't feel like one, but you still are. And, you know, you've got all these responsibilities. 

    [28:12]Tim: Adulting is hard.

    [28:14]Maya: Adulting. Yes, adulting is hard, but, you know, that's what we try to teach our own children is you've got to learn how to fail. And then, we can't lose sight of that as adults as well, because that's how you keep growing and keep pushing yourself. And you got to live by the words that you preach. So, that's incredible that you have, you have that opportunity to take on stretch roles. And also, just going to Rice was, you know, kind of, a stretch role, I think, for anybody.

    [28:39]Tim: Sure!

    [28:39]Maya: To take that step and decide, “You know what? I'm going to do this. I have no idea if I'm going to succeed or if I'm going to fail, but it's worth a try.” And I think that that's really what is unique and sets us, Rice Owls, apart from the rest of the flock. It's obvious. We're a different, we're a different breed of bird. It's one of the best decisions, I think you'll agree. It's one of the best decisions that anybody can make.

    [29:08]Tim: Yeah, absolutely. I don't regret it for a minute. To just bring in the other members of the core family, just real fast. I've got two amazing children, a 12-year-old daughter and a nine-year-old son, and they're just amazing little humans that I'm always surprised at their resilience every day. Our son is starting to play cricket. I mean, he's asking help for cricket and I have no idea what to do.

    They're involved in their own activities. And, you know, we're trying to give them space to grow in the interests that really are attracted to them. And they're finding their way. And we're trying to support them every way we can.

    [29:42]Maya: Do you guys come to Houston at all?

    [29:45]Tim: We do. We try and make it back at least once a year. I mean, if we don't make it back once a year, we definitely get in trouble with our family.

    [29:52]Maya: You should definitely come by Rice, which I'm sure is on the agenda, along with your kids. And who knows? They have an undergraduate business program now, too.

    [29:59]Tim: I know. I know.

    [29:59]Maya: So, maybe, one of your kids would love to come and be a Rice Owl as well, because it's really incredible growth. And you have to come see it when you're in town.

    [30:08]Tim: Yeah, it's very exciting. I think you could really see from the ambition that Rice has the confidence that the university has in Rice Business as well. And I think that what makes it special is, you know, the graduates, the alumni, the students, Dean Rodriguez, his staff, the faculty.

    What I've come to find out with my term in the alumni association is that it's not just the dean's office. You know, I think it certainly is. And that's where the direction comes from and the inspiration. But there's so many members of the staff that work at Rice Business that help propel the school forward day to day. And, you know, I think, year in and year out, they are there as the, kind of, the constants, if you will, to help drive things forward. And I think, sometimes, we don't give enough credit and thanks and recognition to the staff that works for Rice Business.

    [31:04]Maya: Absolutely. And to people like you who volunteer their time to continue that engagement and to give back, because that's also one of the things that makes Rice Business so unique and special is alumni like you, and the ones that I get to talk to and to interview, because that's really the heart and soul of the school.

    [31:24]Tim: Absolutely.

    [31:25]Maya: So, a couple of last questions. What's one piece of advice that you would give your younger self?

    [31:33]Tim: I think I would give myself the advice that we’re talking about earlier, that it's okay to try things and fail. Like, fail fast, learn, innovate. Like, it's okay. I think, kind of, growing up, however I did, you know, I think there was always this mystique around failure. And so, you know, failure is not a bad thing, as long as you learn from it and develop. So, I think I would have told myself that a bit earlier, yeah.

    [31:58]Maya: That it's okay to fail and fail, but fail fast.

    [32:00]Tim: Yeah.

    [32:01]Maya: And then, what's one thing that Owl Have You Know, Tim Okabayashi… because now I'm going to ask everybody that.

    [32:13]Tim: Yeah. Owl Have You Know that, while I've been in Cambridge, I started to row with a rowing team, like, a crew team. I was pulled in by a coworker. They have a river here in Cambridge, the Cam River. There are boat clubs all up and down the river, and they have social teams for adults, as well as the students. And I, and I started to learn how to row and be a cox for a crew team. And it was a really enjoyable experience. Probably, one of the more difficult things I've ever had to do, of being in charge of an eight-person boat, rowing down the river, and maybe even more difficult than being in some of the courses at Rice.

    [32:51]Maya: Okay. Well, it has been a pleasure to talk with you. And again, need to thank you for the brainchild that you came up with, Owl Have You Know. Grateful for an opportunity to talk with you and to share the stories of alumni and faculty and staff and to really showcase Rice Business, one story at a time.

    [33:11]Tim: Well, thank you, Maya. And thank you for continuing on the part of being the host. You, Scott, David, and Christine have done an amazing job being the voice of Owl Have You Know. And we couldn't do this without you. So, thank you very much.

    [33:26]Outro: 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 podcasts. We'd love to hear what you think. The hosts of Owl Have You Know are myself, Maya Pomroy, and Scott Gale.

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Consulting in Action: Alphy Thomas' Summer of Strategy at BCG

Summer Internship Spotlight
Student Stories
Student Stories
Other

Discover how Alphy Thomas leveraged her MBA skills in financial analysis and strategy to drive impactful results for clients during her summer internship at Boston Consulting Group (BCG).

PREVIOUS CAREER AND CURRENT INTERNSHIP

Previous position before MBA:

  • Title: Assistant Manager
  • Company: Mangalore Refinery and Petrochemicals Limited
  • Location: Mangalore, India

Summer Internship: 

  • Title: Summer Consultant
  • Company: Boston Consulting Group (BCG)
  • Location: Houston, TX

HOW DID YOU SECURE YOUR INTERNSHIP?

I went through a pretty standard recruitment cycle.

WHAT ARE YOUR RESPONSIBILITIES DURING THE INTERNSHIP?

As a summer consultant, I am assisting my team in helping the client achieve savings. This role allows me to apply my MBA knowledge in financial analysis and strategy development to real-world projects, contributing to our client's success.

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Alphy Thomas FTMBA '25 with BCG Team

WHAT DEPARTMENT IS YOUR INTERNSHIP WITH?

My position isn’t with a specific department. I work with different groups.

HOW DID YOUR MBA COURSEWORK PREPARE YOU FOR THIS INTERNSHIP?

My MBA has been instrumental in handling the financial analysis and strategy development aspects of the project. The knowledge and skills I have gained through my studies are directly applicable to the work I am doing in my internship, allowing me to contribute effectively to my team’s success.

HOW DOES THE INTERNSHIP ALIGN WITH YOUR CAREER GOALS?

My goal is to switch my career path toward consulting, and my current internship with a management consulting firm is helping me achieve that. This internship has provided me with the opportunity to learn and develop the skills needed to work as a consultant after completing my MBA.

HOW DO YOU THINK THE INTERNSHIP WILL HELP YOU WITH YOUR MBA STUDIES OR FUTURE CAREER?

My management consulting internship is greatly enhancing my MBA studies and future career. I am applying what I learn in class to real business challenges, which deepens my understanding and gives me practical insights. This experience is improving my problem-solving and communication skills, helping me excel in my coursework. Plus, I am building a professional network that offers valuable mentorship and career guidance for my long-term goals.

WHAT IS YOUR FAVORITE PART OF YOUR INTERNSHIP EXPERIENCE?

My favorite part of my internship experience is the opportunity to interact with clients and gain a better understanding of their problems. This direct engagement allows me to see the real-world impact of our work and provides valuable insights into diverse business challenges.

WHAT ADVICE DO YOU HAVE FOR PROSPECTIVE STUDENTS?

For prospective students, my advice is to take full advantage of your MBA program. Participate actively in class, network with peers and industry professionals, and pursue internships that match your career goals. Focus on building both hard and soft skills, as both are essential. Don't hesitate to seek help from professors and mentors, and to learn from your mistakes. Finally, balance academics with extracurricular activities to create a well-rounded profile and gain diverse experiences.


Alphy Thomas is a Full-Time MBA student in the Class of 2025.

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Discrimination Isn’t Just Unethical — It’s Inefficient

New research challenges the case for using "statistical discrimination" in hiring decisions.
Strategy and Environment
Rice Business Wisdom
Strategy
Peer-Reviewed Research
Discrimination

New research challenges the case for using “statistical discrimination” in hiring decisions.

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Based on research by Diana Jue-Rajasingh, Felipe A. Csaszar (Michigan) and Michael Jensen (Michigan)

“For statistical discrimination theory to work,” Jue-Rajasingh says, “it must assume that managers are infallible and decision-making conditions are optimal.”

Key findings:

  • “Statistical discrimination theory” argues that companies should consider group characteristics like race or gender when hiring, assuming this information to be helpful in predicting productivity.
  • But new research challenges this school of thought, proving that discriminatory cues result in less accurate hiring decisions in many cases.
  • In fact, focusing on fewer, more relevant factors can improve the accuracy of hiring predictions.

The Latin phrase scientia potentia est translates to “knowledge is power.” (A related phrase, sapientia potentia est, means “wisdom is power,” which might make a nice tagline for Rice Business Wisdom.)

In the world of business, there’s a school of thought that takes “knowledge is power” to an extreme. It’s called statistical discrimination theory. This framework suggests that companies should use all available information to make decisions and maximize profits, including the group characteristics of potential hires — such as race and gender — that correlate with (but do not cause) productivity.

Statistical discrimination theory suggests that if there’s a choice between equally qualified candidates — let’s say, a man and a woman — the hiring manager should use gender-based statistics to the company’s benefit. If there’s data showing that male employees typically have larger networks and more access to professional development opportunities, the hiring manager should select the male candidate, believing such information points to a more productive employee.

Recent research reveals the fault in this logic.

A peer-reviewed study out of Rice Business and Michigan Ross undercuts the premise of statistical discrimination theory. According to researchers Diana Jue-Rajasingh (Rice Business), Felipe A. Csaszar (Michigan) and Michael Jensen (Michigan), hiring outcomes actually improve when decision-makers ignore statistics that correlate employee productivity with characteristics like race and gender.

Here’s Why “Less is More”

Statistical discrimination theory assumes a correlation between individual productivity and group characteristics (e.g., race and gender). But Jue-Rajasingh and her colleagues highlight three factors that undercut that assumption:

  • Environmental uncertainty
  • Biased interpretations of productivity
  • Decision-maker inconsistency

This third factor plays the biggest role in the researchers’ model. “For statistical discrimination theory to work,” Jue-Rajasingh says, “it must assume that managers are infallible and decision-making conditions are optimal.”

Indeed, when accounting for uncertainty, inconsistency and interpretive bias, the researchers found that using information about group characteristics actually reduces the accuracy of job performance predictions.

That’s because the more information you include in the decision-making process, the more complex that process becomes. Complex processes make it more difficult to navigate uncertain environments and create more space for managers to make mistakes. It seems counterintuitive, but when firms use less information and keep their processes simple, they are more accurate in predicting the productivity of their hires.

The less-is-more strategy is known as a “heuristic.” Heuristics are simple, efficient rules or mental shortcuts that help decision-makers navigate complex environments and make judgments more quickly and with less information. In the context of this study, published by Organization Science, the heuristic approach suggests that by focusing on fewer, more relevant cues, managers can make better hiring decisions.

Two Types of Information “Cues”

The “less is more” heuristic works better than statistical discrimination theory largely because decision makers are inconsistent in how they weight the available information. To factor for inconsistency, Jue-Rajasingh and her colleagues created a model that reflects the “noise” of external factors, such as a decision maker’s mood or the ambiguity of certain information.

The model breaks the decision-making process into two main components: the environment and the decision maker.

In the environment component, there are two types of information, or “cues,” about job candidates. First, there’s the unobservable, causal cue (e.g., programming ability), which directly relates to job performance. Second, there’s the observable, discriminatory cue (e.g., race or gender), which doesn’t affect how well someone can do the job but, because of how society has historically worked, might statistically seem connected to job skills.

Even if the decision maker knows they shouldn’t rely too much on information like race or gender, they might still use it to predict productivity. But job descriptions change, contexts are unstable, and people don’t consistently consider all variables. Between the inconsistency of decision-makers and the environmental noise created by discriminatory cues, it’s ultimately counterproductive to consider this information.

The Bottom Line

Jue-Rajasingh and her colleagues find that avoiding gender- and race-based statistics improves the accuracy of job performance predictions. The fewer discriminatory cues decision-makers rely on, the less likely their process will lead to errors.

That said: With the advent of AI, it could become easier to justify statistical discrimination theory. The element of human inconsistency would be removed from the equation. But because AI is often rooted in biased data, its use in hiring must be carefully examined to prevent worsening inequity.

 

For more, see Csaszar, et al. “When Less is More: How Statistical Discrimination Can Decrease Predictive Accuracy.” Organization Science 34.4 (2023): 1383-99. https://doi.org/10.1287/orsc.2022.1626.


 

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