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University of Iowa News Release

Feb. 2, 2005

John Deere Credit Hits The Bull's Eye With Tippie MBA Intern 

John Deere Credit was looking for someone with experience in Latin America, someone with business acumen that could make a difference in its organization. Managers wanted an intern, but not someone that they had to train...someone who could hit the ground running. They turned to the University of Iowa and the Tippie MBA Career Services Office and got just what was needed.

Robert Thomas, managing director of John Deere Credit Company in Johnston, Iowa, states that he was impressed with the simplicity and ease of working with the Tippie MBA Career Services Office. "I explained what I needed and within hours, I had three to four resumes that qualified and one was a perfect bull's eye," he said.

Thomas was looking for an intern who could help them analyze and improve upon their international operations in Latin America, particularly in the countries of Peru, Chile and Guatemala. Peruvian native David Grados was the perfect fit. "David had great experience and was easily acclimated to our sector," notes Thomas. "In addition, Deere looks for people of high integrity and David fits that bill."

Grados has experience in the transportation sector, is fluent in Spanish and has a strong understanding of the financial side of the business. Over the summer, Grados worked with Thomas and assisted John Deere Credit in a number of ways.

"As a member of John Deere Credit's Global Trade Group, I helped set up financing for John Deere dealerships in Latin America," Grados explains. "In addition, I was asked to conduct an analysis of what the competitor provides in the area, which will help John Deere work toward increased market share in those markets." Grados is scheduled to graduate in the spring of 2005 from the Tippie Full-time MBA Program at the University of Iowa.

The average Tippie MBA student has had almost four years of work experience before returning to pursue an MBA degree. Students have worked in the areas of aviation, banking, marketing, Web development, transportation, supply chain management, food service, sales and law. While more than half of the Tippie MBA students are from the U.S., there are representatives from Latin American, Asian, and Eastern and Western European countries.

The MBA Career Services Office makes it easy for employers to review resumes and find an intern to fit their needs. Typical MBA internships last 8-12 weeks and interns are paid an average of $3,200 a month for their work. While the University provides some assistance, interns are responsible for their own housing arrangements for the summer.

MBA Director of Internships Beth Knudson works closely with employers to find the right MBA student for their company, by analyzing their current needs and potential projects. Information on MBA internships is available by calling the MBA Career Services Office at 319-335-1021 or by emailing

STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.

CONTACTS: Media: George McCrory, 319-384-0012 (office), 319-530-9369 (cell); Writer: Barbara Thomas