The 2012 MBA Women International (MBAWI) Conference & Career Fair was held October 18-20 in Phoenix, Arizona. Marlys Rizzi represented the University of Connecticut School of Business at the event and served on the conference planning committee. This year’s theme, “Leadership Trends, Achieving Peak Performance,” was designed to assist women, both students and professionals, as they continue along the journey to develop and enhance their leadership skills. Continue Reading
Finance Society Visits Morgan Stanley, Gets Inside View of Wall Street
In the early hours of Friday morning, October 26, 2012, eighteen members of the School of Business Finance Society embarked upon a trip into Manhattan to meet with Dan Toscano ’87, Managing Director and Co-Head of Global Leveraged and Acquisition Finance at Morgan Stanley. Mr. Toscano and his team hosted a Teach-In on Global Capital Markets for the business students. While learning about the inner workings of one of the leading global financial service firms in the world, the students followed up a question/answer session with a trip to the trading floor of Morgan Stanley’s world headquarters in New York.
During the afternoon hours, following a brief visit to the 9/11 Memorial Site, the students traveled to Wall Street to participate in the Wall Street Financial Crisis Tour which offered an insider’s view of the most significant financial event since the Great Depression. Also in attendance at the day’s events were Jim Lowe, Executive Director of the School of Business Career Center (SBCC) and Kathy Hendrickson, Program Manager of the SBCC.
Innovation for Business Growth in Fairfield County
Over 110 UConn Alumni and business leaders from Greater Stamford gathered at the “Innovation for Business Growth in Fairfield County” event at the Stamford Learning Accelerator last Thursday. The event, hosted by the University of Connecticut School of Business and The Business Council of Fairfield, Connecticut, featured a panel discussion on topics such as new business growth in Connecticut and why companies are relocating to Fairfield County.
Moderated by Dean John Elliott of the UConn School of Business and Christopher Bruhl, President and CEO of The Business Council of Fairfield County, the panel was comprised of UConn alumni business leaders in the area as well as UConn faculty. Panelists included Tim Hunter, Professor and Head, Digital Media & Design Department, UConn Schools of Business and Fine Arts; Lincoln Millstein ’77, Executive Vice President, Deputy Group Head at Hearst Publications; Seth Ruzi, VP & Associate General Counsel, Starwood Hotels & Resorts; and Joseph Parsons ’79, Management Committee Member, Bridgewater Associates.
The interactive discussion was followed by a cocktail party and networking reception welcoming the new Dean, where attendees were also able to chat with panelists directly.
The Business Career Center Breaks the Mold on Career Fairs
On October 12, 2012, the School of Business Career Center hosted its inaugural Business Career Expo during which they welcomed over 480 registered business students and over 100 key corporate professionals to an invitation-only career event. The Expo, held on a Friday during the hours of 10:00 a.m. – 2:00 p.m., was marketed to employers and students alike as “Not your Classic Career Fair” and was the first event of this kind for not only the School of Business, but the University as well. Absent from the room were the long tables and employer banners which usually serve as the backdrop of career fairs and which can form a barrier to more personal conversations.
The day was structured around three components: networking, information sessions and personal career placement conversations. The main Expo room, set with bistro style tables, was filled with light and an open energy flow which resonated around both employers and students alike. In breakout rooms across the hall, 17 individual employer information sessions ran concurrent to the Expo and offered students the ability to learn more about individual companies and placement opportunities. “We designed the day in a setting that was intended to foster compelling, impactful conversations with a direct focus on student placement. Based on attendance as well as student and employer comments, the day was such a resounding success that we plan to continue the event in the coming years.” said Jim Lowe, Executive Director of the School of Business Career Center and Assistant Dean of External Relations and Outreach.
The day concluded with a private luncheon for our corporate partners hosted by the Business Career Center. Mary Holz-Clause, the University of Connecticut’s Vice President of Economic Development, and Jim Lowe spoke briefly at the luncheon to welcome and thank all of our corporate partners for their continued support of our students.
Risk Management: New Challenges and Opportunities Conference
The University of Connecticut (UConn) School of Business announced today it will host the inaugural Risk Management: New Challenges and Opportunities Conference on Friday, Nov. 9 in Stamford, Connecticut.
James B. Comey, Jr., former U.S. Deputy Attorney General and general counsel, Bridgewater Associates LP, will deliver the keynote address.
“Following recent economic turmoil, the finance and accounting sectors are taking a more proactive role in risk management, as well as adjusting to more rigorous requirements and regulations within the industry,” says Jud Saviskas, Executive Director for the School of Business at UConn-Stamford. “The Conference will bring together financial and accounting professionals, faculty and graduate students to discuss key issues and challenges in risk management.”
Sessions emphasize the common forces affecting a wide range of institutions, including banking, insurance and investment management, as well as regulators, industrial firms and accounting/consulting firms. The event is organized by the Master of Science in Financial Risk Management program at UConn.
The event is from 8 a.m. to 4:15 p.m., and topics include:
- Measuring and Managing ERM Effectiveness
- New Perspectives on Risk Appetite and Hedging Policies
- Moving Towards a More Integrated Approach to Risk Management
- Risk Management from a Legal/Regulatory Perspective
- Risk Management: Advancing Multiple Stakeholder Mandates
- Emerging Risks – Identifying and Managing Over-the-Horizon Risk Events
Registration is $200 and includes all sessions, breakfast and lunch. To register, visit business.uconn.edu/riskconference. For more information, contact Chinmoy Ghosh at chinmoy.ghosh@business.uconn.edu or Jud Saviskas at jud.saviskas@business.uconn.edu.
The Master of Science in Financial Risk Management (MSFRM) program at the University of Connecticut School of Business is a 15-month program offered on both the Hartford and Stamford, Conn. campuses. The program is designed for business professionals who want to enhance their careers by fully understanding how to identify and manage various types of risk faced by multinational firms. Learn more at msfrm.uconn.edu.
For more information, contact:
Jud Saviskas, UConn School of Business, Executive Director
(203) 251-8442 or jud.saviskas@business.uconn.edu
Chinmoy Ghosh, Professor and Department Head of Finance
(860) 486-4431 or chinmoy.ghosh@businesss.uconn.edu
Michael J. Deotte, UConn School of Business Director of Marketing
(860) 486-4478 or mdeotte@business.uconn.edu
Start-up Nation Transformation: The Case for Veterans
It takes a special mindset to volunteer to join the military in times of war. To leave the comforts of home, to leave family and friends, to go into harm’s way in far off foreign lands creates a complex mindset. It takes a certain mentality to brave the dangers of combat, to go outside the wire and engage the enemy on their grounds.
What is it, ultimately, that makes veterans different from civilians? I have been interested in this question since 1994 – my first recruiting tour of duty. Why did some people sign on the dotted line for four years or more, and some not? What was the unmoved mover that prompted the best and brightest of America’s youth to raise their right hand and take a solemn oath to support and defend the Constitution? Over 6 years and two recruiting tours of duty, I never could put my finger on it. It remains a mystery to me, even now.
We have to recognize the difference between transitioning from the military to civilian life, and transformation from a warrior to an entrepreneur. Transition is merely a change of position. Transformation is a change of substance. It takes a specific attitude to make a transformation. There is a world of difference, and we should celebrate that difference.
I read a book entitled Mindset by Carol Dweck, a psychologist who studies success. In her book, she posits two fundamental mindsets, Growth vs Fixed. Growth mindsets have a tendency to learn experientially, a willingness to take on new challenges and explore new opportunities, and maybe most importantly, a proclivity for hard work. In other words, qualities we most often associate with successful entrepreneurship.
A body of academic research exists about why veterans the world over tend to be successful entrepreneurs. In their book Start-up Nation, Dan Senor and Saul Singer explore the factors contributing to the entrepreneurial success of Israel, on a per capita basis, the most entrepreneurial country in the world. They assert one of the key reasons is Israel’s compulsory universal military service, which creates a common language and outlook for mission accomplishment and – once again – hard work.
Hard work, mission bias, and problem solving skills are at the heart of the veteran-entrepreneur transformation. Here in CT, we have a population of greater than 250,000 veterans; but more than 40,000 veteran-owned businesses, about a 1-in-6 ratio.
Today, as I speak, the unemployment rate among disabled veterans is 15.8 in CT, and here among the current generation of Iraq and Afghanistan veterans, the unemployment rate is greater than 30%.
Approximately 2.5 million Americans have served in overseas theaters of operations in the Global War on Terror since 9/11. As the wars in Iraq and Afghanistan draw to a close, and as budgets are cut and the military draws down over the next decade, more than 600,000 service members a year will leave the military and transition to civilian life; as many as 10,000 veterans a year will return to CT.
If 1-in-6 of those veterans started businesses – our nation would create more than 100,000 veteran start-ups per year. We could create more than 1,000 veteran start-ups here in CT. We veteran-entrepreneurs, with our Growth mindset, as we transform from warrior to entrepreneur – we are part of the solution to the present economic situation.
We can create a start-up state, and a start-up nation.
Center for Real Estate and Urban Economic Studies Releases Real Estate Markets Update
The Center for Real Estate and Urban Economic Studies at the University of Connecticut School of Business has released its latest update on Connecticut Real Estate Markets.
Connecticut housing markets showed significant signs of improvement according to preliminary numbers for the third quarter of 2012. In a typical town and metropolitan area, prices in the third quarter were virtually unchanged from a year ago. Moreover the number of transactions was up by more than 20%, confirming a pattern of increases.
For more information, access the report here: “CT House Prices 2012 3rd Quarter”
Professor John Mathieu Inducted as Academy of Management Fellow
Professor & Cizik Chair in Management John Mathieu was recently elected to and inducted as an Academy of Management Fellow. The Academy of Management is the premier association for Management Scholars. Fellowship status is designed to recognize and honor members of the Academy of Management who have made significant contributions to the science and practice of management, and to provide opportunities for fellowship and a forum for discussion among persons so recognized and honored. Fewer than 1% of Academy of Management members worldwide receive this honor.
SBCC Team Visits ESPN
Kelly Kennedy and the team from the School of Business Career Center, including Assistant Dean Jim Lowe and staff Meg Warren, Robert Volle, Kathy Hendrickson and Lorraine Liswell, had the pleasure of touring ESPN this week in order to gain better insight on what types of roles School of Business students would be engaged in if hired at ESPN’s Bristol campus. Although ESPN recruits from a few dozen schools, they hire from as many as 100 colleges nationwide, and the company has made a strong commitment to increase the number of hires from the University of Connecticut. The SBCC team (shown in photo, right, in 1 of 9 studios at ESPN’s Bristol, Connecticut location) was provided with an overview of the key elements of ESPN’s college recruiting season, with an emphasis on learning the critical information that will help students customize their resume and gain a competitive edge when submitting an application to ESPN.
One highlight of the day was hearing from Joe Franco, ESPN’s Head of College Recruitment. He shared many stories about ESPN’s humble beginnings and his personal history as a key member of their core team of employees who opened the doors in 1979. Joe took the time to talk candidly about the key skills that are necessary for someone to be part of the ESPN team. He explained that, “During the job interview, students need to demonstrate exactly how they will not just meet expectations on the job, but exceed them.” He stressed how employees at ESPN are expected to go above and beyond their defined roles. Having this passion for working at ESPN made it evident that ESPN is not just a team, it is a family. Joe Franco and a team of ESPN’s line managers will be on campus to recruit UConn students on November 7, at 6:00 p.m. in Room 106. This event is open to all majors. The Career Center strongly recommends that anyone interested in working at ESPN attend this information session.
SBCC Senior Night Kicks Off Fall 2012 Recruiting Season
On Wednesday, September 12th, Lecture Hall 106 was filled with School of Business Seniors who are embarking on their full-time career search.
Kathy Hendrickson and the team from the School of Business Career Center welcomed students back to campus and kicked off the Fall 2012 recruiting season. Presenters at the event included Jim Lowe, Assistant Dean of External Relations, Margaret Sweeney, Accounting Internships Program Manager, and Lorraine Liswell and Kelly Kennedy, Program Managers from the Business Career Center. Special guests included Mark Gelinas, Director of College Relations at The Hartford Financial Services, and Jessica Hitt, UConn MBA Candidate and Hartford Financial Services Intern.
The students were provided with an overview of the recruiting season with an emphasis on critical timelines to help them get their job search started. One highlight of the evening was the Employer Tips section, which provided interviewing tips specific to key target companies such as ESPN, RBS, Liberty Mutual, McKesson and The Hartford, to mention a few. Mark Gelinas took the time to talk candidly with students about the career search process as a whole and offered advice to navigate the field of job search.
Students left the event armed with dates, knowledge of employer trends and an unexpected early graduation gift from The Hartford Financial Services Group. As we work with students to prepare them for success beyond UConn, the SBCC was able to partner with The Hartford in the creation of the UConn School of Business Backpack to Briefcase – Making a Successful Transition to the Workplace book.
(Pictured, Left to Right: Mark Gelinas, Director of College Relations at The Hartford Financial Services, Kathy Hendrickson, Undergraduate Program Manager, Jim Lowe, Assistant Dean of External Relations)