SCHOOL OF ECONOMICS AND BUSINESS STUDENT NEWSLETTER

SUNY ONEONTA

Student Newsletter School of Economics & Business

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Volume 3, Issue 2 Spring 2016

What is new this semester? Spring Recruitment The School of Economics and Business welcomes Jessica Anderson, Elizabeth Benedict, John Danielo, Timothy Distler, James Garzia, Connor Killane, Michael McDonnell, Sara Stathopoulous, and Melissa Voyer to the Student Advisory Council! In an effort to ensure a smooth transition of new members into the Fall 2016 semester, the Student Advisory Council introduced a new procedure of selecting members earlier in the spring. On March 30th, current SAC members had the opportunity to meet with the newly inducted members to discuss the ideas they hope to see the Council accomplish. Other topics discussed during this meet-and-greet dinner were which committee(s) within the Council interested new members the most, as well as upcoming events the SAC will be hosting for the rest of the spring semester. The SAC is eager to start collaborating with its new Council members and begin implementing new ideas that were proposed during this meeting.

BGS Induction

Only the best business students in the world, and the professionals who earned the distinction of “the Best in Business” during their academic careers, can claim membership in Beta Gamma Sigma. This year’s Beta Gamma Sigma inductees from SUNY Oneo-

Schools of Business are eligible for this invitation. Congratulations and continued success to the spring invitees: nta have certainly earned that title. The Juniors: Matthew Albert, Raymond BiSUNY Oneonta Chapter inducted the cocchi,Melissa Voyer, Anna Lin, Amanda Barcia, Ryan Hanley, Jessica Dominian30 students who earned invitations ni, Andrew Jensen, Elizabeth Benedict this year. Seventeen students were Seniors: Colton Steinbrecher, Dylan Williams, Vanessa Hernandez, Connor Day.

Professional Headshot Event In February, the Student Advisory Council hosted a professional photo shoot for students. On February 13th and 15th, 32 students took this opportunity to have a high-quality photograph taken in Hunt Union’s Butternut Valley Room for only two dollars. The touched-up photographs can be used to help improve a LinkedIn profile that will stand out to potential employers. BGS Officers, Advisors, and Jessica Silsbe ‘14

tapped in the fall and an additional thirteen were tapped in the spring semester. Additionally, alumnae and BGS member Jessica Silsbe ’14 addressed the new members in the induction ceremony which took place at the Otsego Grill on April 22, 2016. The new members join an expanding worldwide network of more than 750,000 outstanding business professionals who have earned recognition through lifetime membership in Beta Gamma Sigma. Students ranking in the top 10 percent of the baccalaureate and top 20 percent of graduate programs at schools accredited by AACSB International – The Association to Advance Collegiate

Distinguished Speaker Series

On Wednesday, March 30th, the Student Advisory Council welcomed a very successful alumnus to the school. Chuck Bogosta graduated from SUNY Oneonta in 1980 with a degree in Business Economics. He is currently the Executive Vice President and President of International Services for the University of Pittsburgh Medical Center, and also a member of the SEB Business Advisory Council. Mr. Bogosta spent his morning with students, sharing personal experiences from when he attended SUNY Oneonta. He offered valuable advice while sharing the journey of how he got where he is

SCHOOL OF ECONOMICS AND BUSINESS STUDENT NEWSLETTER

Mariel Doyle, Natalia Poljak, Erin Ruth, Paul Hotaling , Matthew Matteo, Colleen Shannon and Dylan Williams. From the thousands that apply, again this summer two students from the SEB, Andrew Jensen and Dana Matedero, were selected to join the Operations Analyst Development Program Team and will report on June 6th.

Relay for Life BGS and SAC students having lunch with Alumnus Chuck Bogosta

today. In the afternoon he attended a lunch where he addressed student concerns about the internship and job search process. Together, the Student Advisory Council and Mr. Bogosta brainstormed ways to more effectively reach out and network with alumni. Immediately following the lunch, Mr. Bogosta gave his presentation “An International Business: From Oneonta to Kazakhstan and Everything in Between.” During his presentation, he spoke about the interesting experiences he has had abroad and stressed the importance of cultural awareness in international business. Mr. Bogosta encouraged students to volunteer often and to take advantage of every opportunity given. Coming from the healthcare industry, he offered a perspective of business that most students are not normally exposed to.

JP Morgan Internship

For several years, SUNY Oneonta students have been afforded the opportunity to participate in the highly coveted JP Morgan Chase Internship Program.SEB Students have benefited greatly from participating in this program, as many have been hired as full-time employees after graduation. Oneonta Alum and current BAC member Andrew Schwenk (Executive Director at JPM) has been instrumental in continuing this internship program, and he has stated that the program "has been a homerun; this is a beneficial partnership for SUNY Oneonta and JP Morgan." The following are some of the SUNY Oneonta students that have participated in the program in the recent past:

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of his position at Bloomberg. Mr. Yamarone has been a part of the recruiting process for the College Fed Challenge Team, and Ms. Lovisa has met with the competitors at the NY Fed. We thank both of these distinguished alumni for taking time out of their busy schedules to speak with SEB students, and we look forward to many more lectures from them in the future.

SAC and BGS members participated in Relay for Life on April 16, 2016. The event, which was held in the Alumni Field House, brought together organizations from both on and off campus to raise funds to fight cancer, to celebrate survivors, and to remember those that have lost their battles. All proceeds from the event go toward the American Cancer Society.

Economics Alumni Visit

On April 11th, the Economics Club welcomed back Jacqueline Lovisa ‘86 and Richard Yamarone ‘85 to campus. Their faces were familiar to those who have visited them on the annual Backpacks to Briefcases trip. They shared valuable insight on their careers, the Federal Reserve, and the economy. Ms. Lovisa holds a Bachelor of Arts degree in Economics with minors in Accounting and Business. She has been with the Federal Reserve Bank of New York for over 25 years and is currently an Assistant Vice President in the FRBNY’s Supervision Group. Ms. Lovisa discussed key changes in Federal Reserve supervision and regulation in her talk. Mr. Yamarone is a Senior Economist with Bloomberg, LLC. He graduated from SUNY Oneonta with a Business Economics degree. Mr. Yamarone has roughly three decades of experience on Wall Street, and focuses primarily on monetary and fiscal policy, economic indicators, fixed income, commodities, and general macroeconomic conditions. He is also a contributor to the Survey of Professional Forecasters that is conducted by the Philadelphia Federal Reserve Bank. Mr. Yamarone’s topic for his talk was titled “Reading the economic tea leaves in a bizarro world”. He discussed the current state of the economy, gave interviewing advice, and shared details

Alumni Jackie Lovisa and Richard Yamarone (Photo by: Gerry Raymonda)

ABM Internship Thanks to SUNY Oneonta Alumni Scott Salmirs and Larry Pestana, many SUNY Oneonta students have been given the opportunity to intern with ABM. The following are some of the SUNY Oneonta students that have participated in the program: Alyssa Vigilante, Rossana Pazmino, and Shane Irwin. For the summer of 2016, Lauren Bracco, Stiven Espinoza-Hunter, and Jessica Oggeri have been chosen to intern with ABM.

Fundraising Event at BWW

The Student Advisory Council (SAC) partnered with the new Buffalo Wild Wings (BWW) restaurant on the Southside of Oneonta for a fundraiser. On February 24th, any patron who presented a special SAC flyer would have a portion of the sale shared with the SAC. The group raised almost $100 and in the process, helped welcome a new business to town!

T-Shirt Sale

The Student Advisory Council has designed and distributed the T-shirts for the School of Economics and Business students and faculty for the past few years. This year was an exciting year for T-shirt designs! Lorin Levins assisted with the final chosen design

SCHOOL OF ECONOMICS AND BUSINESS STUDENT NEWSLETTER

for this year’s shirt: It is a black T-shirt with “SUNY Oneonta” in bold type, as well as “School of Economics and Business” lightly written underneath it in white. The SAC tabled for pre-orders on Wednesday April 6th through Friday April 7th and collected funds the week of April 10th. The T-shirt sale is not only a way to generate revenue for the SAC, but it is also a way for students and faculty in the School of Economics and Business to come together, full of joy, and wear the SEB shirt proudly! The SAC plans to organize an event or date in which all the faculty and students can show solidarity and wear the shirt at the same time. Around 150 shirts were sold, which is an amazing turnout of support for the School of Economics and Business and a great way to promote the school.

Into the Streets On April 30th, The Student Advisory Council participated in the annual “Into the Streets” event through SUNY Oneonta’s Center for Social Responsibility and Community. The SAC sent members to the Davenport United Methodist Church to provide volunteer and overall maintenance. This event was very successful as it allowed The Student Advisory Council to reach out and help the community, all while working to promote the School of Economics and Business to the residents in the surrounding areas. Beta Gamma Sigma and Student Advisory Council Members Amanda Barcia, Connor Day, Andrew Jensen, and Shane Irwin were featured on AllOtsego.com.

SUNY OnMark This spring, SUNY OnMark took 36 students to New Orleans, Louisiana to attend the American Marketing Association’s (AMA) International Collegiate Conference. The conference took place from March 17th-March 19th, and included educational forums, networking events, business simulations and many competitions. Our members received the opportunity to participate in all events and we had three members compete in a new event this year called the Poster Competition. Anthony Santo, Kieran Stack and Brian Arkin worked throughout the semester with Dr. Chien Wei Lin to produce a marketing competition poster. SUNY OnMark is able to attend this conference every year with the help of Dr. Stephen Walsh and the dedicated E-board. This year the club was lucky to also have Dr. Lin join them for the conference. Every year, Dr. Walsh takes OnMark to New Orleans to compete, and this year he was recognized for his dedication for over 25 years in AMA. Dr. Walsh received the Lifetime Achievement Award from the American Marketing Association as an Advisor for OnMark. OnMark was once again recognized in the top 10 clubs in AMA, and finished 7th with their Annual Report. The chapter has been in the top 25 since 1998, the top four twice, and finished #2 in 2001. In the competition, each school is judged on the Annual Report that they submit, which compiles every fundraiser, membership drive, community service event and other activities that the club participates in throughout the year. OnMark will continue to strive and pursue becoming one of the best chapters within AMA as they grow as an organization. OnMark received the club of year award from SUNY Oneonta from 2014-2015 and looks to continue that strong brand reputation at SUNY Oneonta and AMA in the future.

Seth Crystall ‘80 Visits Campus, Gives Talk SAC Students particpate at “Into the Streets”

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The Student Advisory Council welcomed Seth Crystall, a successful alumnus back to campus on Thursday, April

SUNY OnMark at AMA Conference in New Orleans, Louisiana

l 7th. Mr. Crystall graduated from SUNY Oneonta in 1980 with a degree in Business Economics. He is currently a Senior Credit Analyst at Debtwire. Mr. Crystall gave a presentation before a large group of students entitled, “My Journey from SUNY Oneonta to the Financial Services Industry.” This presentation offered students advice and strategies to finding a career in the financial services industry. He spoke about how every person is unique and that is what makes each individual special and appealing to employers. During the presentation Mr. Crystall offered advice on interviewing and balancing different aspects of one’s life. He stressed the importance of finding a career that gives a person their desired balance of work, social, and family life. Mr. Crystall provided many personal anecdotes that engaged the audience and provided examples of the content being discussed in the presentation. At the end of the presentation Mr. Crystall answered questions from students.

BGS/SAC Study Day On May 4th, the day before final exams began, the Student Advisory Council co-hosted the School of Economics and Business Study Day with the Beta Gamma Sigma Honor Society. 135 students showed up between 11 AM and 2 PM in IRC 1 to be tutored in economics,finance,management/ marketing,and accounting courses by top students and professors. The event takes place every semester on the Study Day, and students are not required to sign up ahead of time.

2016 SRCA Day

Thirteen School of Economics & Busi-

SCHOOL OF ECONOMICS AND BUSINESS STUDENT NEWSLETTER ess students presented eleven projects at the 2016 Student Research & Creative Activity Day, which took place on Wednesday, April 20th, in Hunt Union. Full summaries of all student projects as well as information on the keynote speaker, Dr. Kenneth R. Carter ’85, can be found on the SRCA web page. Lauren Bracco: The Federal Funds Rate Effect on Mortgage Rates and the Housing Market (Advisor: Dr. Ring) Robert Cameron: How Mass Shootings Affect the Stock Market (Advisor: Dr. Sirianni) Danielle Crandall: Personalized Ads on Facebook: An Effective Tool for Online Marketers (Advisor: Dr. Tran) Michael Hodges: Workplace Bullying: Should Companies, Supervisors and the Bullies Themselves Be Legally Liable? (Advisor: Dr. Durkin) Paul Hotaling: The Effects of Uber on the Efficiency of the New York City Taxi Cab Market (Advisor: Dr. O’Dea)

Shane Irwin explaining his research to Keynote Speaker Dr. Kenneth R. Carter

Julian Hoyos: The High Cost of “Cheap” On-Street Parking in Manhattan: An Application of the Shoup Model (Advisor: Dr. O’Dea) Shane Irwin: Robustness of Environmental Kuznets Curve Models which Include a Measure of Income Inequality (Advisor: Dr. Sirianni) John Marino: The Wealth Effects of Mergers and Acquisitions on Bondholders: New Evidence from the Over-theCounter Markets (Advisor: Dr. F. Chen) Derek Smith: Steering the Federal Funds Rate Pre-Recession vs. Post Liftoff (Advisor: Dr. Bauer)

Michael Spinelli: Stock Market Returns and Crude Oil Prices (Advisor: Dr. F. Chen) Kieran Stack, Brian Arkin, & Anthony Santor: When and With Whom to Ally: An Empirical Study on Cause Marketing Alliance (Advisor: Dr. Lin).

Students Present Research to College Foundation Board

On April 29th, two teams of students from Dr. Kai Chen’s Portfolio Management class presented an analysis of the College’s portfolio of mutual funds to members of the College Foundation Board. The research projects aimed to analyze the College’s portfolio of mutual funds and to make suggestions for improvement. The teams made use of Modern Portfolio Theory, using the volatility and returns of individual funds to recreate the fund portfolio and run various tests. Specifically, they used mean-variance portfolio optimization to re-weight the assets in the portfolio so as to attain the theoretically highest return-per-risk in their models. Considerable analysis was presented including stress-testing several portfolios of assets through a simulated recession, performing analysis on the current allocation of mutual funds in the portfolio, calculating Jensen’s Alpha using regression models, and finally making suggestions to the Board on whether to add or remove assets from the portfolio. Students involved in the project were Ben Merrill, Mike Spinelli, Kathryn White, Eric Anderson, Ralph Jusi, Robert Cameron, Chris Degennaro, and Andrew Crawford.

Fed Challenge Dinner On Tuesday, May 3rd, the College Fed Challenge team took their coach Dr. Ring out to dinner at Autumn Cafe to celebrate a great career and his retirement. The entire group bought ‘Fed Challenge Team’ hats for Dr. Ring and themselves as a special way for him to remember his last year at SUNY Oneonta. Dr. Ring has impacted his students greatly throughout his career and is sure to be missed next year. The College Fed Challenge Team and SEB wish Dr. Ring

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Updated Fed Challenge Team Forecast In the fall semester, the Federal Reserve Challenge Team presented their predictions for the US economy to judges at the New York Fed. This spring, the group reconvened to update their previous forecast. Before the Federal Reserve raised rates in December of 2015, the Team predicted GDP would grow by 2.5%, but given the current data, the Team has revised their expectations downward to a growth rate of 2%. Furthermore, before the rate hike, the team predicted that the unemployment rate will decrease to 4.7%, but it is now expected to remain at or around 5%.

College Fed Challenge Team and Dr. Ring at Autumn Cafe

Final BGS Meeting of the Academic Year With the spring semester coming to an end, the BGS faculty advisors and E-board had their final meeting of the 2015-2016 school year. The faculty advisors of Beta Gamma Sigma presented the first E-Board of the SUNY Oneonta chapter with name-engraved BGS plaques as a way to commemorate all the great strides that our chapter has made these past two semesters with the new addition of student leadership. The Beta Gamma Sigma E-board would like to thank our advisors Dean Yen, Dr. Buchan, Dr. Flynn, and Dr. Durkin for their leadership and guidance throughout this entire year. Without their help we could have never accomplished all that we did. We look forward to seeing what is next for Beta Gamma Sigma at SUNY Oneonta.

SCHOOL OF ECONOMICS AND BUSINESS STUDENT NEWSLETTER

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Advisor of the Year

Class of 2016 Academic Achievement Awards

Dr. David Ring, who will be retiring after the spring 2016 semester, has supported students outside of the School of Economics and Business by serving as an advisor to WONY, the College’s radio station. As a tribute to all his time and dedication to the station, Dr. Ring was recognized as “Advisor of the Year” by the Student Association. His presence will certainly be missed along with his jokes and positive attitude!

On Saturday, May 14, the School of Economics and Business held its graduation ceremony for the Class of 2016. Students in the SEB with a 3.5 GPA or higher were recognized for their academic achievements with a special graduation cord. Members of our two honor societies (Beta Gamma Sigma and Omicron Delta Epsilon) were also recognized, along with the graduating members of the Student Advisory Council. The “most outstanding” seniors were recognized with the following individual awards: SEB: Jennifer Rushlow; Dept of. EFA: Jennifer Rushlow; Dept. of MMI: Shane Irwin; PACC major: Sean Mockler; BSEC major: Kathryn White; ECON major:Jennifer Rushlow; Carson Award Winner: John Marino Congratulations to all graduates from SUNY Oneonta’s School of Economics and Business Class of 2016!

Dr. Ring and the WONY Radio Station

MESSAGE FROM THE PRESIDENT OF SAC It has been another strong semester for the School of Economics and Business (SEB) at SUNY Oneonta! The SEB continues to grow and thrive from semester to semester. This newly formed school is building a powerful name for itself on campus. The purpose of generating these newsletters each semester is to highlight the plentiful amount of opportunities that exist in the SEB at SUNY Oneonta! Students within the SEB are presented with multiple chances to hear from established alumni visitors within fields relevant to their studies, to dedicate their time toward helping the campus and community of Oneonta, and to get involved in SEB oriented clubs, organizations, and honor societies. The Student Advisory Council (SAC) is one of the leading organizations that contribute to the SEB’s continued success. We aim to make opportunities readily available for all students within the SEB through our four sub-committees: Community Service, Student Engagement and Communication, Promotion and Innovation, and Finance and Accountability. I must acknowledge my Vice Presidents and Treasurer; Shane Irwin, Meaghan Kristol, and Stephanie Renner, the members of the SAC, our Dean David Yen, and the SAC’s faculty advisors; Dr. Paul Bauer, Professor Charlene Foley-Deno, Dr. Philip Sirianni, and Dr. Trang Tran who work tirelessly to make these opportunities possible. The accomplishments met this semester would not have occurred in their absence.

Michelle Nguyen | President of the Student Advisory Council

SCHOOL OF ECONOMICS AND BUSINESS STUDENT NEWSLETTER

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MESSAGE FROM THE DEAN As the 2016 spring semester draws to an end, I would like to highlight some of the accomplishments and changes throughout this semester and also some future plans for the School of Economics and Business: 1. Thanks to a generous gift and commitment made by Business Advisory Council member Mr. Kent Newhart ’77 (President of ATA Financial Group, LLC), there will be a new scholarship available for students in the SEB. These awards will be open to members of our student clubs, Beta Gamma Sigma Honor Society, and the Student Advisory Council, subject to a competitive faculty juried selection process. These organizations can propose projects which focus on the three pillars central to AACSB Accreditation: Engagement, Innovation and Impact. 2. Dr. John Kooti, Chair of the AACSB review team and Dean of the John L. Grove College of Business at Shippensburg University, visited campus from April 24-26 as part of the initial steps toward our reaccreditation. 3. We have two new tenure-track faculty members who will join us this coming fall: Professors Christine Storrie (Economics) and Qazi Kabir (Supply Chain Management). To meet the surging demand for introductory economics courses, Dr. Elizabeth Sherr will also join join us in the fall as an adjunct professor. 4. Professor David Ring will retire after 35 years’ service, and a new scholarship has been established in his honor. We all want to sincerely thank him for his dedication and contributions to the College. In addition, adjunct Professor Indu Khurana has accepted a new tenure-track position, and we wish her the best in her future career. 5. We will restart our search for an accounting professor this summer. In addition, we have invited three candidates for the Law position to campus and expect to extend an offer soon. With the assistance of faculty and staff, we are continuing to expand study abroad opportunities, internship opportunities, and curricular programming to enhance engaged learning and career prospects for our students. We encourage them to continuously contribute to campus life at SUNY Oneonta and to our global community by sharing their educational and learning experiences with all of us. Please check this issue of the newsletter and share your thoughts and suggestions with us.

David C. Yen | Dean, School of Economics and Business

David C. Yen, Dean | Office of the Dean | 226 Netzer Administration Building Phone: (607) 436-3458 | Fax: (607) 436-2543

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