Time to return to the first-year students who I hope will be two-year bloggers, sharing their Fletcher stories with you. Today we’ll meet McKenzie, who describes her path to the MIB program and her first two-plus months in it.
Hi everyone! My name is McKenzie Smith. I’m thrilled that I will be sharing my experiences in the Master of International Business (MIB) program over the next two years. To get started, let me share a bit about where I come from, where I’m going, and how I plan to use my time at Fletcher — the things I imagine you’re considering yourself. In short, I’m here at Fletcher to explore the growth and adoption of impact investment that helps develop emerging markets. In particular, I’m interested in the role that capital flows can play in encouraging businesses to consider their environmental, social, and governance impacts on society in the course of their operations.
Before Fletcher, I spent four years as a consultant helping public- and private-sector clients solve complex challenges related to strategy and operational efficiency, organizational design, and large-scale program management. I also supported business development efforts for multiple projects in Sub-Saharan Africa and Indonesia. Prior to that, I taught kindergarten in Colorado after studying international development and international politics at Georgetown University. One thing I’ve learned from my varied experience is that tackling multi-dimensional challenges necessitates interdisciplinary solutions. Leveraging finance to build vibrant entrepreneurial ecosystems and promote economic transformation requires a complex set of actors, from investors to academics, NGOs to businesses, who must work in a coordinated manner to enable citizens and businesses to create economic value. Achieving this through a lens of social impact can be even more challenging as investors and entrepreneurs seek to create social value that does not cause a loss of financial returns.
Yet, while facilitating the growth and adoption of impact (or “socially responsible,” or “Environmental, Social, and Governance/ESG”) investing is fraught with obstacles, I find myself saying, “Challenge accepted!” In fact, individuals around the world can and are finding innovative ways to blend social value with financial returns. A growing number of investors from the millennial generation are demanding it, and more and more institutions are devoting resources to research and fund development that creates opportunities for investors to “put their money where there values are.”
I could keep going, but I’ll jump to the question you’re likely asking at this point: in light of these goals, why Fletcher? In short, I came to Fletcher to focus on international finance and social enterprise in emerging markets because Fletcher offers the right mix of rigorous MBA-type skills and an understanding of the multiple social, political, and economic issues inherent in conducting business around the world.
In terms of core business and finance skills, this semester alone I’m taking courses in corporate finance, global investment management, and financial statement management. I’m building concrete skills in valuation, financial analysis, portfolio construction, and strategic decision making.
In terms of social enterprise in emerging markets, I’m taking a course called “Emerging Africa,” which examines the role of capitalism, entrepreneurship, and the private sector in African economies’ transformations. This course is unique at Fletcher, especially for MIBs. While many of us considered traditional MBAs and could have found similar courses in those programs, we would not have had the chance to take these courses alongside friends focused on human security, development economics, negotiation and conflict resolution, security studies, or environmental and energy policy. Because the growth of entrepreneurship in emerging markets is intimately intertwined with an in-depth understanding of many of these issues, the Fletcher experience for students interested in international business cannot be beat.
As before, I could certainly go on. In some ways, it’s hard to believe I’ve only just arrived! At the same time, already in the second half of my first semester at Fletcher, it’s hard to believe how quickly time flies. I can’t wait to share the rest of my experiences with you as the year progresses.
Until next time,