Innovation, the Driehaus Way: A Message from Dean Sulin Ba

A Message from Dean Sulin Ba

Dear Driehaus alumni, supporters, and community members:

Welcome to the fall 2024 issue of Business Exchange. Read on to learn about how our faculty are advancing knowledge, how our students are building careers, and perhaps most importantly, how our alumni are forging change in their fields.

A group of smiling students poses with donuts, accompanied by Dean Ba in a bright blue, business formal dress

Driehaus Dean Sulin Ba, at left, serves donuts to students to welcome in the fall quarter.

The latest from the college

First, though, a few pieces of good news.

For the second year in a row, Driehaus was ranked a top school for entrepreneurship by the Princeton Review! Driehaus was ranked #12 among undergraduate programs and #15 among graduate programs. The rankings testify to the vibrant entrepreneurial community we’ve built in Chicago and around the world and to the entrepreneurial spirit of Driehaus grads.

You can read more about the news here.

I am proud and grateful to share that, thanks to a generous $2.6 million gift from Dr. Curtis and Mrs. Gina Crawford, DePaul is launching a Business Technology Leadership Institute. Housed right here in the Driehaus College of Business, the institute will facilitate collaboration with technology experts in DePaul’s Jarvis College of Computing and Digital Media.

Side-by-side portraits of a smiling, elderly couple in formalwear and stylish glasses

Dr. Curtis J. and Mrs. Gina Crawford (Photos courtesy of the Crawford Family)

Like so many of our faculty, students, and alumni, the Crawfords recognize that cutting-edge technologies have the potential to transform how business gets done. Indeed, much of that potential is already being actualized.

Their gift will empower our students to drive this change. More importantly, it will empower our students to drive this change in a meaningful way, informed equally by the subject-matter expertise, entrepreneurial spirit, and commitment to social good that already make Driehaus distinctive.

You can read more about the initiatives this gift will fund here. My gratitude goes out to the Crawfords for their generosity — and to the faculty, students, staff, and alumni who are already doing exceptional work in this space.

Driehaus is already driving change at the intersection of business and technology. Our Halperin Emerging Companies Fund recently invested $100,000 in Orgaimi, an AI tech firm specializing in data science models and predictive analytics.

In this issue

In this issue of the Business Exchange, you’ll read about how we’re working to prepare students for meaningful careers at the forefront of change. Students at the Northern Trust competition got the chance to delve into timely, real-world issues with guidance from industry experts. Opportunities like this don’t just set up our students for jobs after graduation. They set up our students for meaningful career trajectories, which will surely include jobs we can’t yet envision.

Read more about the case competition here.

Our faculty are also driving change by advancing our understanding of real-world issues. Read on to hear insights into how brands should and shouldn’t intervene in hot-button political issues and learn about the widespread, damaging phenomenon of weight-based mistreatment in the workplace.

Learn about pioneering research into weight-based mistreatment in the workplace.

Hear the surprising results of a study that examined how to approach discussing controversial political issues.

Underpinning so much of this work — as I know it underpins so much of your work — is the entrepreneurial spirit. The two alumni profiled in this issue, Triple Demon Dana Alkhouri and the late, prolific entrepreneur John Goode, embody that spirit.

Read the story of John Goode’s remarkable life and legacy here. 

Hear from Dana Alkhouri about making a career pivot and centering women’s stories.

In closing

Many of us are preparing to spend the holiday season with friends and loved ones: with members of the communities that make us strong. Although there are many challenges ahead, for Driehaus College, for DePaul, and for the larger world we live in, I find comfort in returning to what makes Driehaus what it is: our alumni and our students. Your passion — not just for innovating or forging your own path, but for taking others with you along the journey — are making a difference.

Sincerely,

Sulin Ba, PhD

Dean, Driehaus College of Business

For Driehaus Students, a Deep Dive into Forex Becomes a Testament to Teamwork — and a Launching Pad for Careers

The foreign currency exchange market is endlessly complex and constantly shifting. For the institutions that trade on it, being able to do so seamlessly — and in a way that maximizes profits — is paramount.  

Four young men in suits -- three of them visibly related -- pose, smiling, in front of a modern, glass-walled classroom.DePaul students dived headfirst into the complexities of the foreign exchange market (also known as Forex) at the inaugural Northern Trust case competition on October 17 and 18.  

Co-organized by Driehaus’ BETA Hub and the School of Computing and sponsored by Northern Trust, the competition charged teams of students (who could compete on a business or technology track) with improving a hypothetical bank’s process for Forex, including cryptocurrency. With guidance from Northern Trust professionals, students had just over 24 hours to devise a workable solution — and sell it to a panel of experienced judges. 

Preparation, delegation, details — and trust

For the four Driehaus students who won the business track, the victory was a testament to the importance of preparation, delegation, details, and trust.  

“I think DePaul did a great job preparing us,” said team member Diego Villaseñor. “What really helped us was knowing how to do due diligence, how to do your homework, and how to ask the right people the right questions.”   

Diego, his brothers Fabian and Maximos, and their teammate Nick Lopez came in with a wide array of strengths. All seniors, their majors span accounting, marketing, management, and finance. 

“The last thing you want is to be stressed about your other team members,” said Lopez. “I don’t think there was a single moment where that happened. We were able to divide and conquer. I took over the cryptocurrency side, and I knew my part forward and backward. We knew that we could trust each other with what we were assigned.”  

Four young men in suits gather close around a whiteboardThe team had been working on building trust since long before the competition — or even their time at DePaul. The three Villaseñor brothers are triplets; Lopez is a longtime friend who grew up down the street in Orland Park, a southwest suburb of Chicago.  

The group found a room where they could focus. They brought in a whiteboard to jot down ideas. Diego, the group’s finance expert, brought in a second monitor. Feedback from the judges helped them quickly to home in on the main questions: 

“There are a lot of buzzwords when you talk about crypto in particular,” said Maximos. “You can come up with a lot of ideas. But how are you going to do them?  What are the legal parameters? Those are the common questions teams kept getting asked by judges.”  

On selling your idea

Once the team had the framework of a solution in place, they faced a second hurdle: How to sell their solution to a panel of judges in just under 10 minutes? And how to ensure their solution would be memorable?  

Fabian’s experience in sales helped them arrive at a solution. They would anchor their presentation around Carmen: a fictitious pension fund manager who needed her bank to be able to make trades on foreign assets.  

“It’s so important to make the information tangible,” said Fabian. “You can have great information. But if customers don’t understand it, what use is it?”  

“With the Carmen story, we were able to talk about a particular client and specific issues she might have,” echoed Maximos. “It really made our presentation come full circle.” 

Equally important was being ready to embrace the unexpected:  

“During the Q&A portion,” said Diego, “it was so important to defend your answers, to make sure the judges were able to understand. We had to get comfortable with being asked questions on the spot.”  

Connections, careers, and where to go from here

Four young men in suits pose, smiling. They are wearing nametags and lanyards.Reflecting on the experience as a capstone of sorts for their time at DePaul, the team returned to the value of making connections — to one another, to professionals, and to their careers.  

“I think a lot of times, students are nervous about doing a case competition – or to network with people there,” said Lopez. “One of the mentors we spoke with was the Senior Vice President of FX Technology and Product Development for Northern Trust. He’s a very successful individual – but at the end of the day, we’re all people. I think a lot of the success we had was connecting with people on a personal level.” 

All four teammates see direct connections between their experiences at Driehaus, in the case competition, and where they’re going next.  

Maximos will be starting a full-time role in HR at Plante Moran, where he’s been working part-time while he finishes up his studies.  

“A lot of what I work on relates back to this case study,” he said. “There’s a lot of communication. You need to be able to have trust, and to be able give and receive constructive feedback.”  

Fabian will continue pursuing his passion for tech sales in a role at Salesforce. This work, he hopes, will allow him to continue helping fellow Blue Demons advance their careers.  

Diego is choosing among competing offers in consulting. It’s an industry, he said, that speaks to his passion for project management and learning about new, complicated topics quickly — both skills he got to hone at the case competition.  

Lopez, who is graduating in June, is preparing to sit for his CPA exam. After graduation, he has an offer lined up with Apercen Partners, a boutique tax consulting firm for high net-worth individuals: the kind of setting where he may well be able to implement what he’s learned from his deep dive into Forex and cryptocurrency.  

When the team looks back on their time at DePaul, they think of opportunities like this case competition. Over time, the team said, such opportunities can accumulate into invaluable experience. 

“All four of us are first-generation college students. That, and coming from a Latino background, really lit a fire under us to make the most out of our time here,” said Maximos. “I think case competitions like this really help you build those connections and get experience. Win or lose, you’re still going to get something – and it’s those connections with those people.” 

International Student Spotlight

Two international students share their takes on Chicago, on finding their path and on the importance of mentorship

By Meredith Carroll

Serigne Dramé

What do I think of DePaul in a sentence? A school that gives you the tools and the flexibility to succeed.

Where is home for you, and how did you choose DePaul?

I’m from Senegal.

A headshot of Serigne Drame

Photo provided by Serigne Dramé

The “me” from 2019, when I applied to college, had a much different vision for my future. I wanted to be a game designer. And I applied to DePaul because it’s known for that. I was accepted to a number of different places — some in the U.S., some in France. What made the difference was that my sister was in Chicago and going to IIT.

Speaking of Chicago — what’s your experience been like in the city?

There’s this weird cycle. The winter gets so bad that you start thinking, “maybe Florida sounds nice.” But then the summer happens. And you think, “this is so nice I’m going to give it another try.”

I’ve taken bachata classes. For a time, I did pro wrestling. That’s the other thing about Chicago. It gives you so many possibilities. It’s international to an extent. And that’s the big draw.

The one thing I’ve noticed is that most people who live here think you’re from Chicago. That can be a good thing and a bad thing. The good thing: it’s easy to be integrated. The bad thing: people assume you know things — slang, expressions, politics — you don’t.

How did you go from studying game design to the degree you’ll be graduating with: a double major in Management Information Systems and International Business?

My first year was 2020-21. It was all remote. At the end of that year, I realized that I wanted to do more. MIS stood out because it offers this blend of business and technology.

MIS is one of those majors that you don’t hear a lot about. But what I like with it was that the core classes were business classes and the electives were technical — data analytics, databases, cybersecurity.

It’s more applied. And there’s the versatility. Looking back, if I had been a Computer Science student, I don’t think I would have gotten my M&A internship. I was able to take applied finance classes, and that allowed me to do well in the technical interviews.  The big advantage is the flexibility.

Searching for jobs and internships as an international student can be especially challenging. What has the experience been like for you?

I did two internships during my time at DePaul, both of them at EY. In September, I applied for a job at Deloitte. I heard back from them in January. And I got it. I feel lucky. There was a lot of hard work involved; but still, I feel lucky. The market is hard. And most employers don’t sponsor visas. There’s a lot of pressure; if you don’t find a job quickly, you’ll have to return to your home country.

The school of business has been really helpful for two reasons. I mentioned the flexibility aspect. But there’s also the fact that we’re in Chicago. Chicago is a big market; there’s a lot of professionals. Even beyond the career fairs, everyone has connections. You can just ask faculty after class, and they’ll connect you to someone.

How would you sum up DePaul in a sentence?

DePaul is really, for me, an example of it is what you make of it. If you leverage the Career Center, the knowledge that you get from classes, the connections, the career fairs, the software resources, you can go far.

What do I think of DePaul in a sentence? A school that gives you the tools and the flexibility to succeed.

 

Suchita Farkiwala

I have come to see the world from a bigger, broader perspective. Every day, there are things that I am learning, things that I am unlearning and things that I am relearning.

Where is home for you, and what has your experience at DePaul been like?

I come from Ahmedabad in Gujarat, India. Currently, I commute from Morton Grove, where I live with my family.

DePaul is in the heart of Chicago. So you get the best of the big city experience. The diversity at DePaul is incredible. People come here from all over the world.

A headshot of Suchita Farkiwala

Photo provided by Suchita Farkiwala

What were your career goals when you arrived at DePaul, and how has that changed?

I am an accounting undergrad. When I started, I simply wanted to make money, get a stable job, and make my family proud. Basically, I wanted to live the American Dream. But DePaul changed the way I see my life, what I want to do in my life.

Now, I want to give back to the community. I want to do something that impacts the lives of others. My professors inspired me to follow their path. One day, I want to come back to DePaul as a professor and help others so that they can be another success story from DePaul.

Mentorship has been a central part of your experience at DePaul. Tell us more about that!

Faculty at DePaul have been incredibly supportive of me, even before I started my journey as an accounting major here. Within the accounting department, Kent Klaus and Margaret Tower have been especially helpful. They pushed me to apply for on-campus jobs. They encouraged me to pursue an internship at Deloitte – and I got it.

Ever since I got that internship, I’ve tried to help other students so that they can get this chance too. I sit down with them: help them to get better grades in accounting class, get their resume done, practice interviewing with them.

Outside of that, I have been active with International Student and Scholar Services as a mentor. Mentorship is a gift that keeps giving. It’s made me grow so much as a person, as a professional. I’ve met so many new international students and learned so much about their cultures. It’s given me the chance to be the reason someone feels seen, heard, cared for, and valued.

What’s your favorite advice to give your mentees?

I tell them: Any time that you feel that your question is too dumb to ask, ask me. At DePaul, I have never found a person who said no to me when I needed help. Regardless of whether my question was academic, professional, or just about learning the basic ways to survive in Chicago.

Miracles don’t happen in a snap. Don’t rush. Give yourself some time to experience the magic of DePaul.

Finally: Don’t think that you are different. Think that you are unique. It will change the way you think about yourself. At DePaul, we celebrate that. There’s no pressure to fit in. So be yourself.

What’s some memorable advice you have received?

My accounting professors and a mentor from Deloitte both told me: Use your career as a canvas. Ask for what you want. Do whatever makes you happy. Accounting is very, very tough. It’s a tough major; it’s a tougher profession. So never feel like you can’t do this. Take the initiative.

My father always tells me: The only way to grow is to help other people grow. The only way to heal is to help other people. So don’t come back home with a trophy unless you are already committed to paying it back to those who made it happen.

How has DePaul changed you?

My professors have been here for me, my friends have been here for me. My supervisors and colleagues have been incredibly supportive.

My mentors always tell me, “don’t expect less for yourself.” They made me believe that.

I have come to see the world from a bigger, broader perspective. Every day, there are things that I am learning, things that I am unlearning and things that I am relearning.

My success is a shared success of my family and my DePaul community.

Now, DePaul feels like a home away from home.