Jenny Zhang, BS 09
ESG and Decarbonization Director, Urban Land Institute

After Jenny Zhang and her husband moved from the Bay Area to Hong Kong, it’s not surprising she eventually ended up in the real estate sector.

Headshot of Jenny Zhang.“There are three types of jobs in Hong Kong,” Zhang quips. “Finance, real estate, and financing real estate.”

She started out as a Deloitte M&A manager, analyzing deals totaling more than $12 billion. The job, she says, trained her to find patterns to quickly understand everything from animal vaccines to semiconductors. Zhang later launched a knowledge-sharing program to help colleagues become adept advisers across industries and markets in the shortest amount of time.

The work was exciting, Zhang says, but sustainability and climate change—topics that she explored at Haas—interested her more.

“At Haas, I was surrounded by people who felt passionate about social and environmental issues and who believed that we had the privilege and obligation to do something about them,” she says.

Zhang left Deloitte and was one of the first hires at climate-tech startup Carbonbase, working with energy and real estate companies to track their carbon emissions and to purchase carbon offsets. Yet, she wanted to do more.

In 2022, she joined the Urban Land Institute where she’s building a network of developers and investors, researching the ROI of sustainable buildings, and facilitating workshops to redesign industry practices.

Looking back, Zhang says her career path taught her that anyone can have an impactful career, no matter their role.

“My first boss at Macy’s had a quote up in his office that always stuck with me: ‘Bloom where you are planted,’” she says.

U.S. News ranks Berkeley Haas FTMBA Program #7 in 2024

The Berkeley Haas Full-Time MBA Program claimed the #7 spot among full-time programs in the 2024 U.S. News & World Report Best Business Schools ranking.

The FTMBA program moved up four slots to tie for #7 with the Yale School of Management and NYU’s Stern School of Business. Except for 2021 and 2023, the FTMBA has ranked #7 since 2019.

Meanwhile, the Evening & Weekend Berkeley MBA Program ranked #2 this year among part-time MBA programs. The Berkeley Haas MBA for Executives Program placed #7 among EMBA programs and is now the top executive MBA program at a public university in the nation. This ranking is based solely on ratings by business school deans and directors. 

The 2024 FTMBA ranking, released today, reflects positive changes that U.S. News made to its rankings methodology, said Haas Dean Ann Harrison. 

The ranking reflects all of the work Haas is doing to strengthen its programs and reputation, she said. “There are many different ways of evaluating a school, and rankings go up and down for all of us,” she said. “The change in the U.S. News methodology, with less emphasis on starting salary upon graduation, is a positive step.”

A few details on the rankings methodology used this year:

  • Employment rates at graduation – 7% weighted  (previously 10%)
  • Employment rates three months after graduation – 13% (previously 20%)
  • Mean starting salary and bonus – 20%
  • Ranking salaries by profession – 10%
  • Peer assessment score – 12.5%

Haas ranked #5 in salaries, which were ranked this year by profession (tied with Chicago Booth). Harrison noted that alumni accept jobs in a variety of industries, which logically means a variety of pay scales. 

“This is true for Haas, as well, where graduates prioritize where they can make the biggest impact, whether that is in consulting, product management, fintech, or by founding a new company,” she said. “I applaud U.S. News for taking into account the reality of the wealth of opportunities for a b-school graduate and comparing apples to apples across all the schools it surveys.”

Assessment by the school’s FTMBA peers was strong this year, at #7 (tied with Columbia) and the school ranked #9 for its recruiter assessment. Haas also had the highest GMAT score, tied at #1 with Stanford, Harvard, Wharton, Kellogg, and Columbia.

In specialty rankings, based solely on peer assessments, U.S. News ranked the full-time MBA program:

  • #4 in nonprofit
  • #4 in entrepreneurship
  • #4 in real estate
  • #7 in business analytics
  • #7 in management
  • #8 in finance
  • #10 in marketing

Professor Nancy Wallace wins top honor for work in real estate & urban economics

Professor Nancy Wallace, a national expert on real estate finance and strategy, mortgage-related securities, and pricing models, has received the 2024 John M. Quigley Award—the highest honor of the American Real Estate and Urban Economics Association (AREUEA).

Berkeley Haas Prof. Nancy Wallace
Prof. Nancy Wallace

The award, named for the late Berkeley Haas professor emeritus and leading urban economics scholar John M. Quigley, recognizes scholars who best represent the ways in which Quigley advanced the academic fields of real estate, urban economics, public finance, and regional science. 

The medalist must have produced a record of scholarship that opens up new avenues of inquiry, have a demonstrated record of mentorship of young scholars, have supported institutional advances within these fields, or have been particularly effective at dissemination of these fields to public and professional practices,” said Stijn Van Neiuwerburgh, outgoing president of AREUEA. “Nancy embodies all of the ideal traits of the Quigley Medal winner.”

Wallace has been at Berkeley Haas since 1986, where she is the Lisle and Roslyn Payne Chair in Real Estate Capital Markets, chair of the Haas Real Estate Group, and co-chair of the Fisher Center for Real Estate and Urban Economics, and directs the Real Estate and Financial Markets Laboratory. She is a national leader in her field, having served as an advisor to the Federal Reserve and the U.S. Treasury on financial crises and reform. Her research focus includes residential house price dynamics, mortgage contract design and pricing, securitization and asset backed security pricing and hedging, lease contract design and pricing, methods to underwrite energy efficiency in commercial mortgages, and valuation models for executive stock options. 

On campus, Wallace received the 2021 Williamson Award, the top faculty honor at Berkeley Haas, and earned the Berkeley Faculty Service Award in 2019 for work helping the campus navigate complex financial and real estate issues.

Wallace will receive the award and discuss her scholarship as the keynote speaker for the 2024 Midyear National AREUEA conference in May. 


The Haas connections that help alumni reimagine business.

Members of the Haas community have been reimagining business for 125 years. But how do fresh ideas and strong determination turn into novel business practices? Well, for one thing, no one breaks new ground in a vacuum. Here, we celebrate some recent graduates aiming to change the world for the better and the members of the Haas community who helped them take their problem-solving to the next level. Their assistance runs the gamut: from a simple introduction or piece of advice to help securing crucial funding. Whatever the support, it was the connection these alumni needed to begin reimagining business.

Bringing Artistry to Venture Capital

Asha Culhane-Husain, BS 18

Asha Culhane-Husain sitting in a row of theater seats.
Asha Culhane-Husain, BS 18, uses her theater training to help leaders deliver captivating pitches for startup funding.

“I believe that entrepreneurs are artists,” says Asha Culhane-Husain. It’s not surprising she emphasizes the artistic side of entrepreneurship: As a business student, Culhane-Husain also double-majored in theater, dance, and performance studies. Now she’s using her diverse talents to infuse artistry into venture capital.

While at Haas, Culhane-Husain interned at a VC firm and thought she might work there after graduation. But being awarded Haas’ Thomas Tusher Scholarship for Study Abroad her junior year changed her life. The scholarship, sponsored by Thomas Tusher, BA 63 (political science), the retired president and COO of Levi Strauss & Co., was created after Tusher’s own “life-altering” study-abroad experience led him to a career in international business. “Not only has Asha turned her time abroad into a unique career trajectory,” says Tusher, “but she’s taken that experience to a new level.”

Culhane-Husain attended Ireland’s National Theater School. After graduating from Haas, she spent three years at France’s national drama academy, the Conservatoire National Supérieur d’Art Dramatique, where she gained extensive conservatory training. She now works as a writer, producer, filmmaker, and actor, yet she remained interested in VC and began to explore how she might apply her artistic talents in the business world.

“In venture capital, the early rounds of funding are largely based on stories—on the team and the idea—because they don’t yet have data,” Culhane-Husain says. And while CEOs are the experts of their field and product, they don’t always have the tools to tell their company’s story effectively—which can mean the difference between securing early-stage funding or not. What if she could help them deliver a pitch that would seal the deal?

Culhane-Husain teaches speakers to…communicate effectively and captivate a boardroom or audience.

Stephen Etter, BS 83, MBA 89, faculty member, Berkeley Haas.

Her former Haas instructor Stephen Etter, BS 83, MBA 89 (shown right), had never heard of anyone doing what she was proposing. “I’ve been teaching for 27 years, and no day has there been such a talented individual in arts and business,” he says of Culhane-Husain.

This past year, Culhane-Husain worked with the same VC firm where she once interned, helping management teams use their natural strengths to deliver an effective pitch. Much like a director would bring out the abilities of an actor, Culhane-Husain teaches speakers to control the timbre of their voice, rhythm of speech, and body position to communicate effectively and captivate a boardroom or audience.

Culhane-Husain is forging her path as she goes. The Tusher Scholarship supported her in pursuing her artistic passion, and now, consulting for the VC firm, she gets to combine her skills in business and the arts. “It’s all coming full circle,” she says

Manny Smith, MBA 21, founder & CEO, EdVisorly.

Making Four-Year Colleges Accessible

Manny Smith, MBA 21

Community colleges were intended to be an on-ramp to a bachelor’s degree for millions of American students. But as Manny Smith (shown left) discovered, the transfer process from a community college to a four-year institution is broken. So he founded EdVisorly to fix it.

Smith didn’t attend community college himself, but he was a first-generation student, and college was never a given. He was offered an appointment to the U.S. Air Force Academy, which included a scholarship and a career path as an Air Force officer. He jumped at the opportunity.

After Smith graduated, his commission included developing technology for the Air Force and Space Force. In 2018, he accompanied a friend to a conference focused on services to support community college students. There he learned how hard it is for talented and motivated students to eventually complete a bachelor’s degree. Across 5 million U.S. community college students who want to obtain a bachelor’s, Smith says, only 2.4% will transfer to a four-year university within two years of beginning their education.

One reason is that the transfer process is complicated: Admissions requirements vary from school to school, and there are few reliable resources for community college students. EdVisorly seeks to bridge the gaps students face through its innovative approach and partnerships with university enrollment teams.

There are few reliable transfer resources for community college students. EdVisorly seeks to bridge the gaps.

On EdVisorly, students can easily connect with admissions teams at universities, discover transfer requirements, create a transfer plan, and apply to schools.

Kurt Beyer, faculty member, Berkeley Haas.

Six months after he began building EdVisorly, Smith took an entrepreneurship class with Kurt Beyer (shown left), which was pivotal. “I knew Dr. Beyer’s class would be catalyzing and provide a foundation for our company to thrive,” Smith says. Beyer, a Navy veteran, emphasized a lot of the principles Smith gained from his military training as being invaluable in starting a company.

This year, EdVisorly received funding from the California Innovation Fund, which invests solely in UC alumni and which Beyer founded. Beyer says he recognized in Smith the makings of a successful founder. “As a former Air Force officer, Manny brought far more leadership acumen than many MBA students. That military background makes him an outstanding entrepreneur.”

With the latest round of funding, EdVisorly is expanding its partnerships across four-year universities nationwide to help more community college students earn their bachelor’s degrees and realize the many opportunities that come with them.

Helping Clean Technologies Break Through

Harshita Mira Venkatesh, MBA 21

Harshita Mira Venkatesh standing in an industrial area with the Bay in the background.
Harshita Mira Venkatesh, MBA 21, turned a simple introduction into an opportunity to bring some of the most promising cleantech innovations to market as a business fellow at Breakthrough Energy.

In many industries, the climate crisis demands new ways of doing things. That’s why Harshita Mira Venkatesh has spent the last two years working to bring some of the most promising cleantech innovations to market as a business fellow at Breakthrough Energy, an umbrella organization founded by Bill Gates. This multi-arm organization is working to develop and accelerate climate solutions in sectors that are particularly hard to decarbonize: think steel, heating, transportation, and food. The focus, Venkatesh explains, “is on technologies that at scale can reduce greenhouse gas emissions by half a gigaton a year or 1% of greenhouse gas emissions annually.”

Brian Steel, co-director, Cleantech to Market.

For Venkatesh, it all started with a simple introduction. She’s always cared deeply about the climate crisis, but before coming to Haas, she had no direct climate experience. That changed when she took Cleantech to Market, an experiential, interdisciplinary program that brings together graduate students from across campus to help entrepreneurs nationwide commercialize emerging cleantech solutions. Each year, C2M Co-director Brian Steel (shown right) invites speakers to talk to the class, and that year, he asked Ashley Grosh, the director of Breakthrough Energy’s Fellows Program, to discuss funding climate solutions.

Venkatesh was intrigued by Grosh’s presentation, and she asked Steel if he would introduce her. Steel was only too happy to oblige. “Harshita clearly realized that this was one of those moments that if left unappreciated for its potential significance would pass her by,” he says. “And she didn’t let that happen.”

Venkatesh and Grosh discussed the Fellows Program, which was just getting off the ground. Later, when Grosh sought input from Steel, he gave Venkatesh a ringing endorsement.

Breakthrough Energy’s Fellows Program pairs two groups of fellows: scientists and engineers who have a climate technology to commercialize and businesspeople like Venkatesh, who use their expertise to help innovators de-risk their technology so it’s marketable. “It’s like Cleantech to Market on steroids,” Venkatesh says. While at Breakthrough Energy, she worked with a pioneering green cement company to develop its go-to-market strategy and helped a climate-friendly ammonia company research beachhead markets and supply chains.

As part of the program’s inaugural cohort, Venkatesh’s two-year tenure ended in September. Now she’s looking forward to her next role and continuing to support climate tech innovations.

Michael Ebel, MBA 17 founder & CEO, Atmosfy.Reimagining Online Reviews

Michael Ebel, MBA 17

Working as a bartender while an undergraduate, Michael Ebel (shown left) saw the power of review sites like Trip Advisor and Yelp. Specifically, he noted the outsized impact a bad review can have on the bottom lines of small businesses. “The average person has a good experience and doesn’t do anything,” Ebel says. “But if they have a bad experience, they run online seeking retribution.”

Ebel thought there had to be a better way, and several years later, while working at Meta, he realized video was it. That epiphany gave birth to Atmosfy, an app that allows users to share videos of their experiences at local businesses so people can see for themselves what an establishment is like. 

Atmosfy launched at the height of the pandemic, a period that was brutal for small businesses. “We thought, if we could get people in San Francisco to take a video of a good experience and say, ‘Hey, this place is still open, come on down and support it,’ wouldn’t that be a difference maker?” says Ebel. “And that is the core mission that kicked us off.”

Toby Stuart, professor and faculty director, Berkeley Haas Entrepreneurship Program.

Atmosfy is a deeply Haas-centric startup. “In almost any helpful dimension you can imagine, we have leveraged that from Haas,” Ebel says. Professor Toby Stuart (shown right) has been a particularly valuable resource. Stuart offered advice and made crucial introductions that helped Ebel secure financing. “Toby was instrumental in helping us think about strategically raising our first round and how to avoid the various pitfalls of fundraising,” Ebel says. “He also provided sound advice on how to build a world-class team that would be critical to our success.”

By the time Ebel called Stuart to talk about Atmosfy, he’d already made enormous progress on an alpha version of the app. Stuart was impressed by how much he’d accomplished. “Usually someone wants to outsource thinking; they come by with a half-baked idea and before making much headway,” Stuart says. “But Michael had done a lot, and he did it on very little money. He demonstrated a ton of conviction and an incredible work ethic.” Stuart also noticed that Ebel never said “I,” he always used the pronoun “we” even though he was a solo founder working mostly on his own. “I thought that was a great sign for someone who’s going to build and lead a team,” Stuart says.

And that team has grown rapidly. Atmosfy is now in 150 countries, showcasing restaurants, bars, and hotels in 10,000 cities. And no doubt more are on the way. In August the company raised $14 million in seed funding, led by Redpoint Ventures.

Editor’s note: In February 2024, Atmosfy was named to Business Insider‘s list of 18 startups disrupting the social media scene with alternative ways to connect online.

Putting Homebuyers in the Driver’s Seat

Matt Parker, EMBA 23

Matt Parker and professional faculty member Maura O’Neill standing outside a home with drought-resistant landscaping.
Matt Parker, EMBA 23, relied on the wisdom and experience of professional faculty member Maura O’Neill, BCEMBA 04, when building his virtual realty company, Alokee. The company name is a combination of the words Aloha and key.

If you’re looking to buy a home, the first order of business is hiring a real estate agent, right? Not necessarily. Matt Parker, the co-founder and CEO of Alokee, wants to transform the real estate landscape by enabling people to buy a home without the expense of an agent. Parker, who founded the company with five Haas classmates, has worked as a real estate agent, so he knows the industry’s downsides. “The way the system is structured, all the business models are based on selling as many homes as fast as possible,” he says. The buyer’s best interest isn’t necessarily a priority.

Alokee is a virtual real estate agent designed for DIYers who may not need an intermediary when shopping for a home.

Alokee wants to change that. Using AI, automation, and the founders’ expertise, Alokee is a virtual real estate agent designed for do-it-yourselfers who may not need an intermediary when shopping for a home. Everything you’d call an agent for, you can do yourself with Alokee, Parker says. “Instead of asking someone when you can view a home, you simply set up a tour. Instead of asking someone to make an offer for you, you just make an offer.” For some buyers, the whole process can be wrapped up in a day. For those who want more help, Alokee provides expert advice from a real estate attorney. The company, currently operating in California with plans to expand, charges a flat fee, which ends up saving buyers a lot of money.

With an all-Haas startup team, the community’s DNA is embedded in the company, and input from Haas advisors is also woven in. Parker and his co-founders were working on Alokee while they took two classes with professional faculty member Maura O’Neill, BCEMBA 04, who instantly knew they had a winning idea. “That part of real estate was just waiting to be disrupted,” O’Neill says. “And here was somebody who actually had the knowledge and had been smart about putting the team together with different kinds of expertise.”

Parker says O’Neill’s vast experience as a serial entrepreneur was indispensable. Yet he says what mattered most was her continual motivation. “She understands that being an entrepreneur is hard. You have these valleys, and Maura is right there telling you these valleys are part of the process.” She told Parker what they were doing well and where they needed to up their game.

Earlier this year, O’Neill and her son were in the market to buy a family house in Oakland, and they used Alokee. “I became the biggest fan imaginable,” she says.

Jeffrey R. Bohn, PhD 99
Chief Strategy Officer, One Concern

Headshot of Jeffrey Bohn, PhD 99.The forecasts are calamitous: by 2090, the sea level is expected to rise three feet in the Bay Area, leaving the San Francisco and Oakland airports underwater, according to studies by nonprofit news service Nexus Media.

Epic rainfall will create widespread flooding stretching from San Francisco Bay south into San Jose—along with loss of life and significant property damage.

To Jeffrey R. Bohn, these potential scenarios guide his professional life and present an important question: Can disasters be made less disastrous?

The answer is yes. “Resilience analytics,” as the young field is known, provides critical insights into minimizing risk on a warming planet by suggesting where to avoid building commercial spaces and housing and where to use climate-change mitigation budgets.

“There’s been a massive increase in computing power, so we can do simulations and machine learning today that were unthinkable when I was getting my PhD,” says Bohn, the chief strategy officer at One Concern, whose climate analytics software provides information on the potential financial impacts of weather and climate-related “loss events.”

The company’s tools could change the way insurance, banking, and asset management firms incorporate climate risk into their pricing and services.

Bohn was called to the role after working as a senior advisor and chief research and innovation officer for Swiss Re, a reinsurance company.

“I’ve become more mission driven, trying to figure out a way to make the world more resilient to things like climate change that impact people’s lives,” he says.