How to Get Your Finances in Shape After Business School

I loved budgeting and financial planning before business school, but once the cash stopped flowing during those two years, it was a lot less fun. I started working again this summer and have spent time recently whipping my finances into shape. This post is a summary of many of the things you need to do or think about after business school to get your finances back in shape.

Remember, I'm not a financial professional by any means, this is my personal opinion and not that of an expert. Though, I have included some ideas from many of my brilliant classmates from the BYU MBA class of 2014. Hopefully this post will give you some things to think about and link to some resources that will be helpful.

Here are some tips to get back in shape. Not in order of importance.

#1 Maximize your use of all the benefits at your new job. Read the fine print of the benefits package. Can you expense your cell phone? Home internet? Gym membership? You might be surprised at some of the lesser known benefits that will help your bottom line.

#2 Live like you are still a student. This one is hard. Once you get that first paycheck you can all of a sudden remember lots of things that you can't live without. The longer that you can live like a student, the better. Money should always feel a little tight, no matter how much money you make, if you're doing it right.

#3 Use online tools like Mint.com to track spending. Which tool is not as important as having some system that lets you see your finances aggregated across all different types of accounts. If you can't easily answer these questions below, then you really need one.

As of today, what is your net worth?
How much do you spend a month on average?
How much in fees have your banks been charging you this past year?

#4 Save money. Most "experts" recommend you try to save 10-15% of your salary. You should have a set amount each month that is going straight into a savings account.

#5 Rebuild emergency fund. 6 months to 1 years worth of expenses in a relatively liquid account is what's recommended. Though it's tempting to pay back all your student loans first, your interest rates on your loans would be relatively low compared to the kind of debt you would have to take on if you lost your job and had no savings.

#6 Get your 401k Employer Match. It's free money! Contribute at least enough to get the match, but in reality shoot to contribute even more.

#7 Participate in your ESPP (employee stock purchase plan) Read this article from Wealthfront that explains why this is a no brainer.

#8 Set goals. Having goals makes your day to day financial decisions more meaninful. If you know that you will have X number of dollars saved a year from now if you follow your plan, then blowing your budget one month will have real consequences in your mind.

#9 Pay down student debt. Once you have your emergency fund set and you are getting the max amount of 401k match from your company, the rest of the money should go to paying down your debt as quickly as possible. Prioritize the higher interest loans first.

#10 Establish college funds. If you have kids, there are 529 college savings accounts that can help you prepare for that big future expense. After business school is a good time to start. Check out savingforcollege.com

#11 Set up a FSA/HSA account. You'll have to do some research to see if this is a good fit for you, but it could have some great tax implications.

#12 Talk to a professional. It might be the right time to talk to an accountant, lawyer and maybe even a financial planner.

#13 Get the right insurance. Make sure that you're totally covered and not a risk for a major financial disaster, whether this be with car insurance, life insurance or home owners insurance.

Got a few ideas you'd like to share? Please post them in the comments.

How To Get A Job Interview At LinkedIn

The simplest and most straightforward way to get a job interview at LinkedIn is to meet the job qualifications for the job you are applying for and have a current employee refer you.

This advice works for a lot of companies, but I've seen it work first hand to get a job interview at LinkedIn. In my short time at LinkedIn, I've referred two people for jobs and one of them got the job and the other one is in process. Both of the people I referred were interviewed promptly after my referral. 

This is my buddy John, I referred him to LinkedIn and now he sits behind me. 

In general, referrals from current employees are much more likely to be seen by a recruiter, than from applying online. It should be no surprise that this is particularly important at LinkedIn where one of the 5 dimensions of the culture is "relationships matter." To learn more about what that means, check out this post from LinkedIn's founder Reid Hoffman. A referral is really key to getting an interview at LinkedIn. 

If you are hoping to get an interview at LinkedIn or have more questions about how to get a job at LinkedIn, feel free to contact me. I'll try to help you as much as I can. There are many people that helped me land at LinkedIn and I'm happy to pay it forward. You can contact me through this blog or on Twitter. I hope this post on how to get a job interview at LinkedIn helps you land your dream job!

*As usual, this is my personal opinion and not representing LinkedIn the company.

My Welcome To San Francisco Hug

I moved to San Francisco to take a job with Salesforce right out of my undergrad without having ever visited San Francisco in my life. I was excited for the adventure, but generally speaking I was freaked out, intimidated and paranoid about some aspects of big city living.

My first day of work I needed to catch a shuttle from the financial district to take me to new hire training in the San Mateo office. I was crashing at a friends house in the West Portal neighborhood at the time. I was a really worried about getting lost, missing the shuttle etc., so I left a few hours early. I got there really fast (the MUNI is not crowded at 6am). I got to the shuttle stop outside of Salesforce HQ and was just standing there for over an hour trying not to look like a country bumpkin. I did not know what the dress should be so to play it safe, I wore my best suit with a french cut shirt.

As the sun was coming up, some guy that was probably a little drunk came up to me and said. "DANG, YOU LOOK LIKE CLARK KENT!" He then proceeded to give me a bear hug. After he let me go, he looked me in the eye and said "wait, you also look like that kid from Jerry Mcguire." He then turned around and walked away. Welcome to San Francisco.

Clark Kent

Kid from the movie

Me

Tips To Prepare For A Job Interview At LinkedIn

I've had a lot of friends, or friends of friends get interviews at LinkedIn lately. I've been asked several times if I have any tips for the interview process. I thought I'd compile a few tips of my own here and link to some great advice too. As usual on my blog, this post is my personal opinion and not representing LinkedIn the company. Here are my tips to prepare for a job interview at LinkedIn.

1. Spruce up your profile. It should already be awesome, but if not, it's better late than never. It will go a long way to show that you actually believe in and understand the company. Great picture, work history....the whole nine yards.

2. Check Glassdoor.com for interview questions by role. You can find the list here.

3. Read this article on Mashable. If you scroll down to the end they get into some great interviewing tips.

4. Understand the culture. Read this interview of Jeff Weiner in the NY Times and check out the Slideshare below on our culture.

LinkedIn’s Culture of Transformation from Pat Wadors

5. Think about the product. Don't be surprised if you get a question like, "what is your favorite feature?" or "what feature would you add?"

6. Be authentic.

7. Show your passion. If you really are passionate about the mission of the company or the products, make sure it come through in your interview.

8. Get the names of your interviewers and do your homework. Check out the LinkedIn profile of those that are interviewing you beforehand, use that information to your advantage. See if you have mutual contacts.

Good luck with your job interview at LinkedIn. I hope these tips help you prepare. If you have any other tips that you think would help you prepare for a job interview at LinkedIn, please put them in the comments. Also, if you're looking for general job interviewing tips, please check out How to Prepare for a Job Interview

How To Get A Job At LinkedIn

Last week I started a full time job at LinkedIn. I feel very fortunate to work for such a great company. I learned a few things as I went through the process on how to get a job at LinkedIn, so I thought I'd share the knowledge with future LinkedIn employees out there.

This is a picture of me visiting LinkedIn's Beijing office when I was traveling through China a few weeks before I started. 

A disclaimer to my readers, this is my personal opinion and is in no way endorsed by LinkedIn. This advice is based off my personal experience and observations.

Here are 4 steps that will guide you on your journey to get a job at LinkedIn.

1. Have the right skills- Like most places, if you read through the job description and you do not have the skills required it will be extremely difficult to get that job. If you do have those skills, make sure they are explicitly stated in your resume using the same vernacular as in the job description. If you don't have them...well get busy!

2. Leverage relationships- When I was trying to get a job at LinkedIn, I found a second degree connection on LinkedIn that was working in the group I wanted to work in and got an introduction. He is now my boss's boss. You can read more about how I did it on a post I wrote for the LinkedIn blog last summer here. A personal connection to the company and employee referral is probably the most important step to get a job at LinkedIn.

3. Show your passion- At LinkedIn people are really passionate about what they do and they want to work with other passionate people. Make sure it comes out in your resume and interviews.

4. Do your homework- While this is probably a little more general advice for any job, I think it is still worth mentioning. Find out as much as you can about the company, the team you're interested in, the products and the individual decision makers. This will help you impress those looking at your resume and interviewing you.

If you'd like to work at LinkedIn or have more questions about how to get a job at LinkedIn, feel free to contact me. I'll try to help you as much as I can. There are many people that helped me find my dream job and I'm happy to pay it forward. You can contact me through this blog or on Twitter. I hope this post on how to get a job at LinkedIn helps you land your dream job!

Why You Should Think About Moving To Silicon Valley

After leaving Silicon Valley to go to business school in Utah, a lot of friends and classmates have asked me my thoughts about living and working there. I've accepted a job back in the bay, so of course this is my opinion and completely biased, but here are the top reasons for heading back.

The companies. Check any list of top places to work in the US (CNN, Forbes) and you'll see many companies from the bay area. Not only that, but many of these companies are experiencing fast growth. My experience has been where there is growth, the opportunities are all around. There are few places in the world where so many great companies are in such close proximity. This makes it extremely competitive for talent, so companies have to treat you well to keep you.

The people. The bay area is top in the nation for overall education level. I have found that people in the bay area are driven, educated, passionate and generally open minded. I remember shortly after moving there, when for first time I met someone at work that went to an Ivy league school, I was really intimated. After a few months, I stopped being intimated and tried to learn as much as I could from the smart people around me. Surrounding myself with such talented and ambitious people really motivated me to step it up. Just living there broadened my vision of what I could accomplish in my career and life.

The weather- It's amazing. Check out the average temperatures. I rode my bike to work year round. You won't have to deal with scorching summers or frozen winters, it's a very moderate climate.

Mountain View, CA

The fun- There is a whole lot to do, almost no matter what you're into. Geographically, there is surf, mountains, cities, snow and lakes all within a short drive. It's a great scene for food, music, art, philanthropy, nature, tech and just about whatever else you like.

Oh and of course, to be fair, here are the two biggest cons so you know what you're getting into. 

It's really expensive- Check out this cost of living calculator. It's one of the most expensive places to live in the country. This makes it really difficult to buy a house. Though, companies in the bay generally pay more and your salary is likely to increase much faster because of how competitive it is for talent. I've found that besides housing, a lot of the cost comes down to your lifestyle choices. If you only spend on what is most important to you, it's possible to save.

It's a bubble- You know, when the general population forgets that anyone else lives or thinks any differently? It's not always like that and not everyone is trapped, but check out this funny article about some serious bay area first world problems.

If you can handle not buying a house for a while, I believe the pro's seriously out weigh the con's. It is a fantastic place to live and have a career. Your quality of life will likely be improved. If you need more convincing, shoot me an email, or marry someone from the bay area like I did.

Twitter Basics for MBA students

Twitter can be a great tool for students to build professional relationships, find a job and stay up to date on what is happening in your industry. Before you dive into Twitter, I recommend you get a few of the basics down. Below are a few basics you want to master. These tips are for people that want to use Twitter strategically for their careers, if you don't care about that, you probably won't find this advice as helpful.

1. Decide what you're going to tweet about. It's easier to build a following on Twitter when people know what you will be tweeting about. If you're all over the place, it'll be harder. This does not mean if you tweet about marketing, you can't tweet about your favorite NBA team. Just try to be consistent. For example, I tweet 90% about marketing, technology and networking. 10% is whatever I'm in the mood to tweet about.

2. Remember that everything is public. Think before you tweet. People have lost their jobs for the things they have tweeted about. A PR executive with some racists tweets is the latest casualty.

3. Put up a professional profile picture. Just like LinkedIn, if you're using Twitter to expand your network, it can help to have a professional picture. At least put some kind of picture up. No one wants to see the Twitter egg.

4. Fill out the description. This is your chance to let people know what you'll be tweeting about. I recommend you link to your LinkedIn profile, blog or personal website in the description.

5. Post consistently. If you never post, many people will eventually stop following you.

6. Follow people. Follow anyone or anything that interests you. Follow companies you are interested in or people you admire.

7. Favorite tweets. This is a simple way to let people know you like what they are sharing. Twitter notifies you when someone favorites your tweet. This is also a great way to get someone to follow you back.

8. Retweet people. This is a way for you to share great content that you find with your network. Just like when you favorite, the user is notified and there is a good chance they might follow you back.

9. Respond to tweets. The great thing about Twitter is most people on it are the sort of people that want to have conversations with the Twitter community. Comment on posts, or respond to questions. You'll be surprised who might respond back.

10. Be yourself. The more authentic the better.

Twitter can be a valuable tool as you navigate your career. Have fun with it and find what aspect of Twitter creates the most value for you personally. Good luck and happy tweeting.