IBD Helps EWMBA Student Pivot to New Role: Interview with Shaun Hundle, ‘19

Shaun Hundle, Haas MBA '19

Shaun Hundle, Haas ’19

Evening & Weekend MBA (EWMBA) student Shaun Hundle, ‘19, is graduating in May.  Shortly after that he will start a new role as the Manager in Consulting & Analytics division at Visa.  Shaun was a 2018 Summer IBD student who spent two months working on a project with a financial services company located in Mexico City.  We interviewed Shaun about his IBD experience and how it helped him pivot to his new career position.

IBD:  What is your current position now?  

Shaun: I am a Project Manager at the Swedish Trade and Invest Council, a go-to-market consultancy affiliated with the government of Sweden to assist Swedish companies to expand globally. As Team Lead of our Healthcare and Life Science practice, I’ve spent most of my time with small to mid-size Swedish companies looking to enter and grow in the U.S.

IBD:  Tell us a little about your new upcoming role at Visa as a Manager in Consulting & Analytics division?

Shaun and his team in Mexico during 2018 IBD Summer program

Shaun and his team in Mexico during 2018 IBD Summer program

Shaun: I will take on a Manager role on the Consulting & Analytics team. I will still be client facing (although focusing on only one or two clients at the same time, unlike at my current company) and leading the internal delivery. At Visa I will be working more with quantitative data than the qualitative consulting I’ve focused on to date, so I see this as an excellent opportunity to gain a new skill set and transition to the fin-tech industry with a globally recognized company.

IBD:  You worked for a large financial company in Mexico City last summer for the 2018 IBD program. Did this experience offer you new skills or insights that helped identify this new opportunity for a career shift?

Absolutely! The work we did was very similar to the type of work I will be doing with Visa’s clients, including data analysis. Having this type of hands on consulting experience gave me very relevant experience to talk about in my interviews with Visa, as well as strong knowledge in the retail banking and payments industry ecosystem.

IBD: What did you take away from the IBD experience that you plan to apply to this new role?

Shaun:  I learned quite a bit about how to leverage influence in a larger organization, as well as understanding how to manage various stakeholders from different divisions who we were responsible for delivering to. My big take-a-way was that it’s important to listen and build trust with various stakeholders before doing the more complicated work of presenting and recommending solutions that some stakeholders may not like.

Shaun Hundle and Team- 2018 IBD summer final presentation for client

Shaun Hundle and Team- 2018 IBD summer final presentation for client

IBD:  Do you have advice for other MBA students who are thinking of a career change? How can they utilize the IBD experience to test this hypothesis?

Shaun: IBD gave me the opportunity to have an “internship-like” summer project that became invaluable to speak about in my interviews and conversations when I was recruiting in the Fall, so I think this is a great opportunity for Evening & Weekend MBA students especially. It definitely allowed me to pivot towards tech, fintech, and consulting roles a bit easier than previously, since I had direct experience I could point to. Although I had previous consulting experience, I didn’t have much experience working in fintech, retail banking, or payments, but the exposure to the industry I received through IBD was great in helping me decide where I wanted to focus for Fall recruiting. There is a high level of diversity in the types of IBD clients and industries which makes it a bit of an adventure, but there is a lot one can gain out of the experience, especially if you are still a career or industry explorer.

End of Interview:

We in the IBD program love hearing from our IBD students about their experience working on international consulting projects, and we especially love it when the experience contributes to making valuable career choices.  Shaun’s experience is not unlike many MBA students who participate in the IBD program. If you are a Berkeley Haas MBA student, and would like more information about IBD, click here or contact the IBD program office.

Haas Goes to China; Experiences a Fusion of Culture and Technology

Written by Nausher Cholavaram, Rohan Balwani, Tanya Gupta, Pradeep Khanal, and Edi Lim

Team Yirendai after Final Presentation

Team Yirendai after Final Presentation

We just returned from China after completing a two-week stint with Yirendai, a FinTech company based in Beijing. Our time was filled with experiences that enriched us professionally, personally, and culturally. We learned about the booming economy in China and the uncertainty that comes with it. We also talked to company leads and learned how they think about company strategy. The two weeks were also great exposure to Chinese culture both at and outside of work. We tried different types of Chinese food, watched traditional Chinese opera, and participated in some heavy bargaining when shopping.

Client and project overview

Yirendai, our client, is a leading FinTech company in China. It is a dominant player in the Chinese peer-to-peer (P2P) lending industry and has recently expanded into the Online Wealth Management space. Having made a huge impact in China, Yirendai is now setting their sights on the US!  Yirendai enlisted our help to explore options for their expansion into the US market.

This ask posed a very interesting challenge for us. On one hand, China is far ahead in the world of FinTech with their ubiquitous use of technology for making payments and conducting business via mobile phones. For example, we saw panhandlers and street musicians display QR codes for WePay to facilitate donations, and we ate at a food court where no cash or credit cards were accepted. On the other hand, we learned that Chinese investors don’t possess the same level of sophisticated planning and diversification that investors in other markets do. When we synthesized all of our learnings and presented our final presentation to Yirendai, they had very incisive questions and couldn’t help themselves but become excited by the ideas we presented.

Project Details

Team Yirendai in IBD Class at Haas

Team Yirendai in IBD Class at Haas

We started the research for our project while in the US. We spent 3 weeks researching P2P Lending and Wealth Management industries in general and our client’s business in particular. We read hundreds of documents about both industries, downloaded P2P lending apps to learn their features and user experience, conducted surveys, and interviewed contacts about their investing behaviors. We had insightful exchanges with our clients where we validated our understanding from field studies with their expert knowledge. The work was intense but totally worth it.

As we arrived in China, we prepared our recommendation. We surveyed the problem-solving toolkit – financial modeling, SWOT, business model canvas, and go-to-market strategy framework – we learned at Haas and implemented them to build our recommendation. We had several discussions about customer segmentation, product differentiation, and customer acquisition strategy with our client’s CFO, Head of Online Wealth Management, Director of Investor Relations, and Head of Product Management. Their invaluable input helped mold our recommendation.

Cultural Immersion

Though China has been lauded for its recent economic advancement, it has a long history of rich culture and tradition. Besides our client, Yirendai, our team was very excited about the Great Wall. We went to the Jinshanling section, which was very scenic and less crowded. Walking 6 hours on the Great Wall didn’t feel enough. We were astonished by its grandeur and humbled by its expanse. Our day at the Great Wall was definitely one of the finest experiences of our stay in China.

Team Yirendai at the Great Wall of China

Team Yirendai at the Great Wall of China

Beijing is full of other historical and cultural sites as well. We visited the Forbidden City, a historical palace museum in Beijing. We toured the Tiananmen Square and other important sites in Beijing including the Temple of Heaven, the Summer Palace, and the Lama Temple. We went to the popular Antique market and also playfully immersed ourselves in a  bit of haggling at Beijing’s popular Pearl and Silk markets.

It was a little disheartening to see sun only twice due to poor air quality during our 2-week stay in Beijing, but we remain hopeful the measures being implemented currently will continue to make improvements.

Following our final presentation, our client treated us to a traditional Beijing style dinner along with Beijing Opera – quite a fitting end to our 2 weeks stay in Beijing.

Team Yirendai at the Beijing Opera

Team Yirendai at the Beijing Opera

The China trip was incredible and the IBD experience, priceless. It was like opening the wardrobe and venturing into a new world, both professionally and culturally, with talented fellow Haasies! Our relationship with the client did not end with the conclusion of the project. We are still in touch through WeChat and plan to meet our client on their next visit to the US for a roadshow in the second half of 2018.