Alumni Profile: Richard Bailey, MBA ’15

Richard is a 2015 graduate of the MBA program and is working as a senior finance analyst at Intel. Before coming to Simon, he majored in engineering at the Rochester Institute of Technology.

Simon Admissions: You came from an engineering background. What made Simon’s MBA program a good fit for you?

Richard Bailey: There were a few factors that influenced my decision. The first was that I wanted a school that offered a concentration in Information Systems, or something similar. Simon was one of the few Consortium schools that offered this concentration. The second factor was an environment I felt comfortable in. I wanted a small school that was family-oriented, and Simon was a good fit in that way. The third factor was curriculum. Simon’s analytical focus and FACt Approach was very appealing to me. I had no prior business experience before starting my MBA. In fact, the last business class I had taken was AP Macroeconomics in high school, which allowed me to place out of college economics classes. I had a meeting with a Simon admissions officer and then I came to Diversity Weekend in the fall and fell in love with the program. The rest is history.

SA: You studied abroad while at Simon. What was that experience like for you?

RB: International study had always intrigued me, and I didn’t get that chance as an undergrad. Simon offers a large array of international experiences, so studying abroad was a no-brainer—I knew I wanted to take advantage of the opportunity immediately. I went to the Universidad del CEMA in Argentina, and the experience was definitely one of the top three best things I did while at Simon. It made me more culturally aware of differences in the business world and changed my business school experience. Meeting other study abroad students allowed me to gain valuable global perspective.

Bailey's app, CrowdFit, allows users to crowd-source fitness information and is slated to launch in February.

Bailey’s app, CrowdFit, allows users to crowd-source fitness information and is slated to launch in February.

SA: Tell me more about your CrowdFit app. How did the idea come about?

RB: In May of my first year as an MBA student, the idea for CrowdFit stemmed from a class with Professor Avi Seidmann. I vetted the idea with several classmates who I trusted to give me unbiased opinions and with Prof. Seidmann and former professor Paulo Albuquerque. The professors helped me get the basics down. They helped me get a deeper understanding of the customer/user, helped me find the right price point and assemble the right team. My classmates helped refine the idea by comparing it to other existing apps to clarify its unique value add. I am now working with another Simon alum, Nate Kumapayi, MBA ’14, and we are looking at a February launch date. Stay tuned!

SA: How did your Simon education prepare you for your role at Intel?

RB: Simon prepared me in a huge way. Finance wasn’t really on my radar when I came to business school, but after I took some core classes, I became interested in the principles. One thing I was concerned about coming into business school was how I would catch up to my peers who likely had more business background than I did. Simon’s analytical approach really helped me shorten my learning curve. My work at Intel is largely project-based and my role has a lot of influence in the Global Marketing Communications Group. I am responsible for looking for marketing efficiencies (including ways to save money and time) and for understanding financial trends within the industry and within Intel. I help strategize, execute, and plan the entire operations budget for the Global Marketing Communications Group, and my readiness to handle this type of role at Intel is definitely a reflection of my education at Simon.

Bailey represented Simon on a trip to Mount Rushmore.

Bailey represents Simon on a trip to Mount Rushmore.

SA: Do you have any advice for prospective students?

RB: My advice is two-fold. First, figure out your goals for during and after business school. Having a set of goals that I could execute while I was in business school helped propel me when I graduated. While I was a Simon student, I wanted to attend a certain amount of job fairs, be a leader in clubs, build relationships with my peers, and step out of my comfort zone. If I hadn’t done those things, I wouldn’t be at Intel now. Second, you should come into business school with an open mind. It’s good to have an idea of what you’d most like to do, but you should also have plans B, C, and even D in place in case you need them. I knew I wanted to work in the tech industry, but I would have taken any role: Operations, accounting, marketing, and obviously, finance. If you keep an open mind, you’ll be ready to take advantage of great opportunities when they come along.

Learn more about Richard in a recent blog post on Caila K Speaks.

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