The Deutschman Venture Fellows Program provides MBA students with hands-on venture capital management and investment training, and/or operating company experience. Fellows are placed with sponsoring venture capital firms or portfolio companies for three-month summer internships. Financial support is provided by a stipend from the Deutschman Venture Fellows endowment and a monthly salary from the participating firm.
The relationship between sponsoring organizations and Deutschman Venture Fellows is mutually productive. Fellows placed in a venture capital firm engage in various aspects of portfolio analyses and deal management under the supervision of principals of the sponsoring firm. If placed in a portfolio company, fellows learn under the supervision of a key executive.
Venture firms and portfolio companies enjoy the services of talented, hard-working interns, and the cost of recruiting and training individuals qualified to become venture professionals is reduced.
A rigorous selection process ensures that Venture Fellows are among UCLA Anderson’s finest MBA candidates. A committee of faculty, former fellows and venture capitalists chooses applicants who excel academically, possess relevant technical backgrounds and work experience, and have the motivation, intellect, energy and resourcefulness to succeed in a venture capital organization. Sponsoring organizations interview finalists and final placement is a joint decision between the participating firm and the selection committee. Fellows begin their internships in late June and become full-time associates of sponsoring firms for the summer.
Past participants in the Deutschman Venture Fellows Program include: Aurora Capital; Avalon Ventures; Brentwood Associates; Brentwood Venture Capital; Crosspoint Ventures; DSV Partners; El Dorado Ventures; Hicks, Muse, Tate & Furst; Innocal; Kline Hawkes; Levine Leichtman Capital Partners; Peregrine Ventures; Shamrock Holdings; and Warburg, Pincus Ventures.
The Haskamp Fund grants fellowships to first-year students in nonprofit or public sector summer internships. Typically, nonprofit summer internships pay less than 50 percent of what a typical Anderson student might make in his/her summer internship. The Haskamp Fund makes it possible for UCLA Anderson MBA students to work with nonprofit/public organizations, while nonprofit/public organizations benefit from expertise they may not otherwise be able to afford.
The Heiko Haskamp Memorial Fund is named in honor of Heiko Haskamp, a magna cum laude Dean’s List graduate from Boston University with a degree in electrical engineering. Just before starting his MBA at Anderson, Haskamp was sent on a special project to Hewlett Packard’s Cupertino headquarters, first as a marketing engineer in West Germany, but was quickly promoted to Bristol, England, to help lead the marketing effort for a European startup division. He was promoted again to product manager with worldwide responsibility for HP’s computer tape drive product line.
His death in a swimming accident at a Class of ’88 party on July 4, 1987, reminds us of how fragile life can be. Haskamp was a super athlete and represented Hong Kong on an international level in worldwide swimming and waterskiing competitions as well as in motocross. He was born in 1960 and raised in Hong Kong by West German parents Walter and Ingrid, and had one sister, Andrea, and a half-brother, Michael.
The Haskamp Fund is administered by the Price Center; fundraising for Haskamp fellowships falls under the responsibility of UCLA Anderson’s chapter of Net Impact, which promotes socially responsible business.
Applicants with financial need for the Welsh Fellowship must demonstrate leadership potential and aspire to work in an entrepreneurial environment, either by starting a business, working in a growing company or working with entrepreneurs as a venture capitalist. Several fellowships are made possible each year through Patrick Welsh (MBA ’69), founding general partner of buyout firm Welsh, Carson, Anderson & Stowe.
The Price Institute for Entrepreneurial Studies offers an award to one or two students who have shown outstanding promise and interest in the area of entrepreneurship. Recipients are chosen at the end of the first year of the MBA program.
William M. Cockrum III, a leader in the finance industry and an award-winning professor, has a true passion for giving back and championing leaders with vision. The Cockrum Fellowship supports exceptional students who make a positive impact in the world while serving their communities and, like Professor Bill, live the value of service. Students who apply for this prestigious fellowship will commit to academic excellence in the classroom and to paying it forward — at UCLA Anderson and elsewhere — as their careers progress.
Learn more about the Professor William M. Cockrum Fellowship and Professor Bill’s commitment to making a difference.
The financial aid office reaches out to all students each spring, extending an invitation to apply for fellowships.
The UCLA Anderson Student Investment Fund (SIF) allows selected second-year MBA candidates to invest real money in the stock and bond markets. It is structured to expose students to situations that they would experience if they worked in a typical investment management firm. Conducted under the auspices of the Price Center for Entrepreneurship & Innovation, the faculty-supervised group engages in all aspects of portfolio management, investment analysis, asset allocation and trading strategies, as would a professional management team. Students are responsible for all administrative details of managing the fund (which currently exceeds $1.7 million); students also arrange guest speakers.
The Student Investment Fund is designed to provide a forum in which students can apply investment theory within the real world of money management. The fellowship provides students with a bridge between the theoretical knowledge acquired in the finance curriculum and the practical workings of capital markets.
During an 18-month period, 10 to 12 SIF fellows assume specific functions to tackle investment strategy, asset allocation, security analysis, and organizational and group dynamic issues. For the first six months, they manage the fund in two groups, one with a value approach, and the other as a growth fund. The equity portion is then divided equally among the fellows and managed individually for the remaining six months. The fixed-income portfolio, valued in excess of $2 million, is managed as a group for the entire period. Fellows meet at least weekly and with a faculty oversight committee on a monthly basis. Fellows also visit over 30 investment managers to learn first hand about different philosophies and styles.
The SIF was created in 1987 through the generosity and initiative of Bernard Johnson, president of Provident Investment Counsel. Provident pledged $50,000 per year over five years to start the prestigious fund. In 1989, Kayne, Anderson Investment Management Co. contributed an additional $250,000. Over three hundred students have participated to date. The Friends of the Student Investment Fund program was launched in 1993 and has brought in over $250,000 in additional capital.
Successful applicants must submit a written essay and pass two rounds of panel interviews. Criteria in the selection process include academic achievement and involvement at UCLA Anderson, a demonstrated interest in investment management, and proven ability to work effectively in a demanding team environment.
Many firms have participated in the SIF program, including: The Capital Group; Foley Revy Investment Company; Hotchkis & Wiley; Franklin/Templeton; Kayne, Anderson; Loomis, Sayles; Nicholas Applegate; NWQ Investment Counsel; Robertson, Stephens & Co.; Roxbury Capital; Scudder, Stevens & Clark; Strome, Susskind; and Trust Company of the West.
This program provides owners of growing businesses the opportunity to acquire the management skills they need to seek a larger share of contract business with public utility and information systems companies in California. The MDE program is conducted twice a year; prior to each series, six to seven fellows are selected by the program manager.
The Management Development for Entrepreneurs (MDE) program, an executive training program designed to provide entrepreneurs with the essential management skills needed to build effective and profitable organizations, is offered to Anderson students who have demonstrated academic excellence, solid business experience and a strong interest in consulting and entrepreneurship. MDE fellows will have the opportunity to work closely with entrepreneurs attacking real issues facing growing entrepreneurial organizations.
At the start of each MDE series, fellows team-lead one-hour learning sessions that are designed to supplement lectures and assist entrepreneurs with homework assignments. Throughout the program, fellows provide individual consultation to three to four entrepreneurs on their business improvement projects (BIP) — blueprints for action for each entrepreneur’s business. Fellows are also given the opportunity to audit lectures by top UCLA Anderson professors and are awarded stipends upon the successful completion of their fellowship requirements.
Requirements of the MDE Fellowship:
- Mandatory participation in MDE events and classroom sessions
- Team-lead one or two 1-hour learning sessions
- Conduct site visits to assigned entrepreneurs' organizations
- Provide consultation and feedback throughout the BIP process
Johnson & Johnson sponsors two management training programs at Anderson: The Johnson & Johnson/UCLA Health Care Executive Program and the Head Start-Johnson & Johnson Management Fellows Program. These consist of intensive two-week summer programs for executive directors from agencies that serve low-income children and families. MBA students work closely with faculty to review applications, develop and write case studies, and mentor participants and help with the development of their strategic projects.
The Larry Wolfen Entrepreneurial Spirit Award was established in memory of Larry Wolfen, a 1993 graduate of UCLA Anderson School of Management. Entrepreneurial promise is the primary criterion for Wolfen Award selection. Recipients will demonstrate an innate curiosity for exploring entrepreneurial concepts combined with the potential to transform these concepts into viable business opportunities. The award consists of a stipend to be paid between the first and second years of the MBA program, intended to provide living expenses while a student conducts exploratory research into an idea or otherwise advances a project.
The Wolfen Award was established so students would have the financial means to work on an entrepreneurial project during the summer between the first and second years at UCLA Anderson. It is named in honor of someone who was intensely curious, had a strong desire to learn, and possessed a genuine love of both life and people.
Larry Wolfen died in August of 1994, two months after being diagnosed with lung cancer. The cause of his cancer is unknown and by the time it was diagnosed, chemotherapy was unable to send it into remission.
Those who knew Larry cherish their memories of him as bright, energetic and generous. He was a great enthusiast of promising startup companies, and he compiled an impressive record of finding outstanding business opportunities and involving himself in their operations. Larry began his involvement in venture capital in 1988 when he was asked to resuscitate a failing biotech company. He turned the business around, and the company was sold two years later. Larry enrolled in the MBA program at UCLA Anderson to broaden his business skills and enhance his effectiveness in his entrepreneurial endeavors.
Larry’s family and friends believe that the best way to continue his entrepreneurial spirit is to provide financial support to similarly promising candidates at UCLA Anderson.
This fellowship is awarded once per year to an MBA student with solid academic credentials and with demonstrated leadership abilities. Further criteria include an interest in entrepreneurship, new wealth creation and the challenge of business development. Winners are expected to attend at least one YPO event per year and must be under 30 years of age at the time of the fellowship, making it possible to meet the age requirement for future membership in YPO.
Paid internship opportunities are available to second-year students who serve as project managers through this program.