Department News

Articles about activities within the academic departments

Career Expo Draws Recruiters from 50 Top Corporations, Hundreds of Eager Student Job-Seekers

Posted on by Claire Hall

UConn Today – Brianna Linehan, a senior majoring in marketing, came to the Business Career Expo on Wednesday ready to impress employers.

Linehan was eager to talk to recruiters about her course work, leadership experiences and her recent internship at Equitable in New York, where she helped create a website.

“I love these fairs and all the networking opportunities they offer,’’ said Linehan of Southington, Conn. “I’m excited to talk about my experiences and to look for a job where that I can grow and further develop my skills.’’

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Professor Folta to Co-Lead National Academy of Sciences Committee

Posted on by Claire Hall

UConn Today – Timothy B. Folta, professor of management and entrepreneurship, is leading a National Academy of Sciences, Engineering, and Medicine committee investigating the success and impact of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs at the U.S. Department of Energy.

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Three Alumni, Professor to be Honored As Outstanding Young Professionals

Posted on by Claire Hall

UConn Today – Whether they expanded their skills on a U.S. Navy submarine at sea, in a healthcare facility at the height of the pandemic, or by growing career programs at their alma mater, four members of the UConn Business community have been selected as among the most inspiring young leaders in Greater Hartford.

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Ask the Experts – Best Banks for Personal Loans

Posted on by Scott Slater III

Wallethub – Q: Do you think credit unions and online lenders can compete with the best banks for personal loans?

Credit unions often offer better terms on all of those collateralized loans. I do not know how competitive they are on unsecured loans. Without researching it, I assume they do not offer such loans or limit them. The risk on unsecured loans is quite high, regardless of credit ratings. Large banks have the reserves and the legal teams to take on that risk; I suspect—but do not know—that credit unions are reluctant to take those risks. They do not have the reserves and the legal teams.

While credit unions vary widely in how they are run, I know that my credit union offers car loans three points or more lower than banks and some other credit unions. I also know that its equity lines and mortgages are lower than those of major banks. My bank offers equity loans fully four points higher than the rate on those from my credit union.

On the other hand, I have higher returns on a savings account (at 4.65%) at a commercial bank with no minimum level, much higher than returns offered at any credit union of which I am aware.

The simple reality is that people have to spend some time looking around and considering the options. As my personal experience outlined above suggests, credit unions often offer very competitive rates and services, including credit cards, but for specific products some banks or other credit unions will offer superior terms. However, it is almost always the case that the major banks offer the lowest rates on savings and CDs and insist on the highest rates for loans of any sort. They have the market power so long as people are not willing to invest the time to find better deals.

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Accessory Overload

Posted on by Scott Slater III

Slate – I love stuff, especially stuff that feels like it might add an element of personalization in a society that so often subscribes to materialistic monoculture. It’s evident from the trinkets that live on my desk, in the depths of my closet, and in my childhood bedroom. But lately I’ve been wondering if accessorizing has gone too far.

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Professor Plesko To Serve on Prestigious Accreditation Committee

Posted on by Claire Hall

UConn Today – Accounting professor and department head George Plesko has been selected to serve on the Association to Advance Collegiate Schools of Business (AACSB) Accounting Accreditation Committee, an appointment that reflects his educational expertise and engagement within the accounting industry.

The non-profit organization seeks to elevate the quality and impact of business schools worldwide. While nearly 900 colleges and universities hold AACSB accreditation, only 194 have AACSB-accredited accounting programs. The organization is considered the ‘gold standard’ of higher-education business accreditation.

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New Rules Govern Residential Property Sales Beginning in mid-August

Posted on by Scott Slater III

UConn Today – If you’re in the process or buying or selling a home, or think that will be part of your near-future plans, then the recent National Association of Realtors (NAR) settlement has likely caught your attention.

As part of a class-action lawsuit settlement, the NAR agreed to some changes impacting compensation and representation beginning Aug. 17. The sale or purchase of a home is considered one of life’s biggest stressors. Understanding the new opportunities and requirements of the settlement can put real estate clients at ease.

UConn Today interviewed School of Business professor Kristen Haseney, an attorney with extensive experience in the industry. Below she answers questions about what’s new and what to expect.

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Partnership, Collaboration, And Clarity

Posted on by Scott Slater III

Mirage – As a child, Kumanga Andrahennadi would often walk through her village to the water’s edge and talk to the sea.

She grew up in Tangalle, a coastal town in southern Sri Lanka. There’s no land between Tangalle and the continent of Antarctica, Andrahennadi explains, only the sea.

Raised in a Buddhist family, Andrahennadi learned the practice of mindfulness from her parents, and in her youth, whenever she felt the heaviness of the situation surrounding her, she would lean into her own mindful connection with nature and go to talk with the sea.

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Ageism In The Workplace: How It May Be Affecting More Than Just Older Americans

Posted on by Scott Slater III

AOL – Amidst all the talk about diversity and inclusion, ageism in the workplace is sometimes overlooked. There’s a reason for that.

Just in the last year, the American Psychological Association dubbed ageism “the last socially acceptable prejudice.” They define ageism as “discrimination against older people because of negative and inaccurate stereotypes.”

As we take a look at ageism as a dimension of diversity, I think it’s necessary to tweak that definition a bit.

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White House Taps Expertise of Professor Plesko and Two UConn Alumnae

Posted on by Claire Hall

UConn Today – Accounting Professor George Plesko along with two UConn Ph.D. graduates, now professors in their own right, traveled to Washington, D.C. last month to present the results of their highly regarded corporate tax research to the White House Council of Economic Advisors.

Plesko, who has served on IRS advisory panels for more than 30 years, has regularly participated in policy discussions with Congressional and Treasury experts.

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