Bauch, Philip



Houston, TX

Employer: Ferrovial

Investment Analyst

Certified Public Accountant

Major, Degrees: Accounting, MA, BBA
December 2013
Favorite Warren Buffett Quote: "When you combine ignorance and leverage, you get some pretty interesteing results."


 What did you like best about your time in BIC?

Too many things to mention.  I went to two Berkshire Hathaway Annual Meetings, met executives from large public and private corporations, drove Marvin Rush's Rolls Royce, learned more in this program than I would have ever imagined, built a network that I could call anytime of the day, and finally got to spend my Friday afternoons for the last three and a half years of my college career surrounded by a group of smart, hardworking individuals which made me a better person. 


What did you least like about your time in BIC?


There really is nothing I didn't like about BIC.  If I had to pick one thing it would probably be learning more about the "sell" process.  In BIC, it was always about the buy and hold strategy, but we rarely went over the sell process, and executed a sell trade.  Trying to get group consensus on a sell opportunity could have been part of the problem as well.


Why should current students participate in BIC?

The first reason why I believe students should participate in BIC is it's an instant business networking group.

It is not only students and a professor.  You are meeting new business owners at least once a semester, and you are taught once a week by a business owner who has many connections.  Additionally, Dave shows he cares about each individual and their future plans.


What aspects of BIC helped you in the "real world"?


You would be surprised how many people do not know to respond promptly to email.  BIC taught me replying to emails within 24 hours really shows you care about your job.

How did BIC help you obtain a job?


Considering I am in the audit practice now, I don't think BIC helped me obtain a job directly in audit.  Although not directly getting me a job, the ability to understand and think about a business is very useful in audit.  Basically, I am ahead of my peer group since I have seen how many businesses operate, and know how to think about planning an audit in regards to different businesses/industries.



If you had all the power in the world to change anything about BIC - what would it be?

I would make the meetings longer.  When I first started, our meetings would sometimes last nearly 3+ hours.  Now the meetings last two hours.  I understand everybody wants to start the weekend early, but I enjoyed when our discussions would last longer, and everybody continued to learn.