Citing massive national debt, the worst recession in a lifetime, and job-stealing technological advances, Sunil Kumar, dean and George Pratt Shultz Professor of Operations Management, urged students to “represent the school well.”

“Following your education at Chicago Booth, may you lead rewarding lives with consequence,” he said. “I hope your time at Chicago Booth helps you define what is both rewarding and consequential to you. At times you may face tradeoffs between the two. May you have the wisdom to choose well.”—Deborah Ziff