SummerMagazine_2014_final - page 8-9

On Campus
summer 2014 | St. Lawrence University Magazine 7
6 summer 2014 | St. Lawrence University Magazine
On Campus
Outcomes Input
T
he key to a strong financial future is to invest 10 percent of
your gross income throughout your career, two St. Law-
rence alumni advised students during the first “Financing Your
Future” Workshop on campus last spring.
The workshop was intended to provide important, comprehen-
sive information about personal finance, budgeting and invest-
ment strategies to help students better understand and prepare
for their financial futures, said Assistant Director of Career
Services Beth Bullock Larrabee ’97, who developed the program.
Ron Bacon ’82 grabbed the audience’s attention when he said
that applying for jobs with a poor credit history could prevent
someone from receiving a job offer. He urged avoidance of
the “credit card trap” and advised, “Anytime you have excess
money, take care of things with high obligations.”
“It’s not like all of a sudden the stars, the moon and the sun
will all be aligned,” Brian Wilcox ’85, P’14 said. “You need to
work, budget and prepare in order to make progress.”
Mapping out specifically how to invest wisely in the beginning
stages of adult life, Wilcox explained to the students that “At
this stage, your human capital is at a lifetime high while your
financial capital is at a lifetime low. Financial independence
isn’t determined by how much money you earn, but by how
much of what you earn you choose to put away for the future,”
Wilcox concluded.
Andrea Strauss ’14 commented that Wilcox “provided informa-
tion that was accessible and understandable for someone with-
out much background in finance or economics.” Roo Kabia ’14
added, “Wilcox and Bacon really got the point across that it’s
a good idea to get your financial arrangements in order sooner
rather than later.”
Networking for the
purpose of career
advancement has been part of the
Laurentian world for a long time, but
a new program brings that process into
the earlier student years, with the help
of alumni. Laurentians Investing in
Networking and Careers (LINC) con-
nects first-years and sophomores with
successful alumni to guide
their professional growth,
explains its organizer, Carol
Bate, associate dean of ca-
reer services.
LINC mentorships last
throughout the academic year
with a cooperative agreement
of goals and monthly meet-
ings. Students also undertake
a Spring Break field trip; in
2014, participants spent two days in New
York City, with visits to the Brooklyn
District Attorney’s Office, Hearst Corp.
headquarters, the American Museum of
Finance and an evening networking event.
Mentors come from business, gov-
ernment, communications, science,
education and social
services. Thanks to fund-
ing from Mike Arpey ’85
and a steering committee
of alumni, the 2013-2014
cycle matched 63 students
with 59 professionals.
“LINC was an opportunity
to start networking early,”
explains Olivia Kolb ’16,
left, with her mentor, Deena
Giltz McCullough ’84,
president of Northern Insuring Agency.
“We hit it off immediately,” Kolb says.
“She gave me different tasks throughout
the year, and over the winter break I spent
two days in her office in Plattsburgh,
N.Y., attending meetings.”
“I’m happy to help the next St. Law-
rence generation any way I can,” says
McCollough, an active member of the
Alumni Executive Council since 2004.
“We can’t underestimate the value of
one-on-one conversations that encour-
age and guide students.”
Career Services plans on accepting 85
LINC students for 2014-2015. Alumni
and parents who would like to become
LINC mentors can contact Career Servic-
es at 315-229-5906 or
career-services.
–Nicole Eigbrett ’14
St. Lawrence is offering several new programs to assist students with their post-graduation maps.
“Financing Your Future” Workshops
1
Start planning now
Laurentians Investing in Networking and Careers (linc)
2
Networking from the get-go
–Rebecca Doser ’16
new half-credit Busi-
ness Case Study course
offered to 17 St. Lawrence
University juniors and se-
niors culminated late last
spring in a competition
judged by successful alumni
and business leaders.
A collaborative effort be-
tween Career Services and
Career Connections, the
course provided students
with necessary tools to
analyze and interpret real-
world business problems
and to develop thoughtful
and intelligent solutions
to these challenges, said
Geoffrey Falen, director
of Career Connections. It
concluded with a public
capstone competition in
which “three teams had to analyze and
make recommendations for reversing JC
Penney’s dire stock situation,” said As-
sistant Director of Career Services Beth
Bullock Larrabee ’97, who initiated the
idea in early 2013. “They presented their
analysis and recommendations to a pan-
el of judges as if they were a consulting
team, and had to field questions and de-
fend their recommendations.”
“A very diverse group of presenters who
gave students liberal arts approaches to
real-world problems” led the sessions,
Falen said. Among them were two alum-
ni; several St. Lawrence professors and
one sports team coach, plus a retired
senior administrator; and local business
leaders.
The course, which also included group
discussions and weekly reflection papers,
“showed us how to apply our liberal arts
perspective to real-life business situa-
tions,” said Vasileios “Bill” Prassas ’14 of
Chalkidki, Greece, who was a member of
the winning team and has a position with
Morgan Stanley after interning with the
firm during his New York City Semester.
–Ryan Deuel
Business Case Study competition judges were, from left, Steve Kuno ’83, co-owner and CEO
of Kunoco Oil Company, Inc; Tom DeRosa, surgical supply chain manager for Canton-Potsdam
Hospital and CEO of Personé Staffing; Carol Shaw Maxwell ’79, founder and president of
MarketScience; and Deena Giltz McCullough ’84, president of Northern Insuring Agency, Inc. "I
was most impressed with the level of understanding the students demonstrated,”DeRosa said.
“Their recommendations suggested that they approached the case logically after a great
deal of research, and using sound business knowledge."
J. David Cruikshank ’86, an
executive vice president
for BNY Mellon Bank on
Wall Street, energetically
circled the room as he
led the first Business Case
Study class. “Kudos to
St. Lawrence for putting
together a program that
brings business experience
together with structured
academic learning,”he said.
“It’s a great combination.”
A
Business Case Study Course
3
Fix this
"Financing Your Future" Workshops, Spring 2014
Personal Budgeting and
Long-Term Investment Strategies
Led by:
Ron Bacon '82
, left, Vice President/Senior Commercial
Banking Officer, Community Bank, N.A., and
BrianWilcox '85
, P'14,
Wealth Management Advisor, Northwestern Financial Network
Demystifying Your First Employee Benefits Package &
Better Understanding Your Health Care Coverage
Led by:
Debra Mousaw
, Director of Employee Benefits, St. Lawrence University
Above and Below: Beth Larrabee ’97
1,2-3,4-5,6-7 10-11,12-13,14-15,16-17,18-19,20-21,22-23,24-25,26-27,28-29,...68
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