MAcc Talk-Greg Zunkiewicz

For our most recent lunch talk, our MAcc council had a speaker come in and talk to the class about financial planning and health. Greg Zunkiewicz is a financial adviser for Edward Jones. He is also a 2012 graduate of the Masters of Business Administration (MBA) program here at Fisher!

The first topic that Greg discussed was budgeting. He said that whether you make $25,000 a year, or $250,000 a year, it is important to keep track of your money. By setting a detailed budget, you will know where your money is being spent month-to-month, and how much money you can save, all while maintaining your lifestyle goals. By determining how much you can save, you can then begin to look into various advantageous investment vehicles, such as a Roth IRA. Greg also discussed, at length, the benefit of compounding interest and having “interest work for you.” By investing early, young investors can assume more risk and substantially increase the wealth in their portfolio, all without having to pay taxes later.

Another topic that Greg discussed was regarding investment strategy. Since he provides investment guidance and manages his client’s portfolios, he is very knowledgeable in matching individuals’ risk preferences with a particular portfolio type or strategy. In his opinion, younger investors should be more willing to take on riskier investments, as they have a longer investment horizon. However, there is no one strategy for every individual, it must be tailored to the specific financial plan of the investor.

This was yet another enjoyable and valuable speaker to come and speak to the class. Greg was incredibly knowledgeable, personable, and open with the class!

Conference Completed!

Time has passed so strangely this semester! In addition to the extremely difficult course load, I have spent most of my “free time” developing and finishing one of the biggest projects of my professional career (to date). I just successfully spearheaded a company wide conference. In addition to running the conference, I presented on Social ‘Styles and Staffing’, ‘Communications’, and ‘Leadership and Followership’. It was an amazing experience to have the entire company learn together on some innovative concepts, talk to each other face to face and interact with the owners of the company. It was also an exercise in the effectiveness of my education. This conference was a vehicle for me to apply concepts brought up in my classes at Ohio State.  The ‘Social Styles and Staffing’ lecture integrated components from my undergraduate degree (in Psychology) along with components from the ‘Talent Management’ class that I took last semester. The ‘Communication’ presentation was a joint presentation with my boss on communication styles, based on concepts from a ‘Change Management’ class I also took last semester. Finally, the ‘Leadership and Followership’ presentation was the amalgamation of several lectures from an overview from the ‘Change Management’ course culminating in the integration of those concepts in my career development at my company. Underlying all of these presentations were the skills I developed in the ‘Excellence in Business’ lecture I also took last semester. I sent ‘Thank you’ letters to all the professors that influenced me in succeeding and feel truly grateful to be able to learn and apply my education!

Just Keep Swimming

A lot of people return from spring break feeling like they got a little taste of freedom and now are ready for summer. So here are a few tips to help finish the school year strong!

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Set goals for yourself: Setting personal, professional and academic goals for yourself can help you stay on track. Once they are made, make sure to continually assess the progress of them. Consider telling someone you know (friend, colleague, peer, etc.) about the goal so you build in an accountability system. It works!

Stay organized: When you’re tired and feeling like you are running on empty it becomes that much more important to prioritize. Once you set your goals and create your to-do-list then figure out the priority ranking of each item.

Don’t delay – Start right away: A lot of people make the following comment, “I do better under pressure.” I’m not sure I quite buy into that though because had you given yourself proper time to brainstorm and edit, think about what you could have accomplished! Delaying the inevitable often results in added stress, so starting sooner rather than later may assist with the creative flow and process, as well as alleviate additional stress toward the end. If it’s a big assignment, paper or project then break it down into smaller chunks so you do not become overwhelmed, and create milestones to hit along the way.

Find a support network: Family, friends, mentors and peers are all great networks to tap into for support. Don’t be afraid to reach out to those around you for guidance, development, motivation, a listening ear or sounding board.

Take care of yourself: You know yourself better than anyone, so make sure you are taking time to remain healthy in all aspects of your life, including spiritual, physical, personal, financial, social, and more. “We’re adults,” but don’t forget to rest and get sleep because it will help you remain focused and productive. Also, know when to say no! Make sure to take time to have fun and reward yourself for a job well done!

Focus on the end in sight: Remind yourself of all the time and effort you have put in thus far, and the impact your current work can have on that. Stay motivated and push through whatever you are working on to run through the tape as you finish the race. As Dory said, “Just Keep Swimming!”

Rounding Third

It’s hard to believe that we only have five weeks left of our time at Fisher, which is both exciting and sad. This is my second graduate degree, so I knew it would be fast, but somehow, I’m still surprised to find myself this close to graduation. So here is my advice to the current first year class and the incoming class of Fisher MBA’s, as the Class of 2016 rounds third base and heads towards home:

1) Do you. I said this in a post I wrote last year, and I stand by it. You will be in class with people who are brilliant, people who already have established careers, people who have started successful businesses, and people who already have graduate degrees. There won’t be anyone who is exactly like you or who wants the same things, and if you find that you’re on a more non-traditional career-path like I was (non-profits) that’s perfectly okay. Don’t compare yourself to others. Twirl down your own road. There are opportunities at Fisher and ways you can network to get yourself where you want to go. I joined Fisher Board Fellows simply because it was something I loved, and that’s how I got my job.

2) Find kindred spirits. They will advocate for you harder than anyone else. I doubt I would have made it through my program without Dr. Shashi Matta, Michelle Petrel, and Professor John Barker. They are wonderful human beings and I am so grateful for them. If you aren’t finding help through what seems like the more traditional pathways, start knocking on office doors and see who will sit down and talk with you.

3) Never stop asking for help. Ask for help from your teammates, from your friends, from professors, from staff, and from alumni. People are much more willing to help than you think they are, because everyone had someone to help them (or several someones). So ask. And make sure to follow through with a thank you and maybe some chocolate. Everyone likes chocolate.

4) Learn how to be a team player. Work hard to learn how to work with other people. This doesn’t mean be a pushover or a people-pleaser, it means learn how to work together to accomplish a goal. Be a leader when you need to be, but know that the best leaders know how to step back and let others lead, too.

5) Network. Look at everything as a networking opportunity, and a way you can meet new people. Don’t think of it as work. Don’t think of it as asking someone for a job. Think of it as making friends. And you can never have enough friends.

6) Take a leadership position in a student organization. My time on a leadership team pushed me in ways I didn’t expect it to, and it taught me how to adapt to the very different needs of the people on my team. I learned the most about leadership by being on that team, and I’ve seen the most growth in myself because of it.

7) And last, but not least, try not to stress out too much. Two years goes fast, folks. So go to follies, go to girls’ night, and hit all the happy hours. Because the work will be there, whether or not you panic. So try not to panic, and enjoy the time you have at Fisher.

Speaker Series 2 – Mike Kaufmann – CFO of Cardinal Health

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Speaker Series = Equality in the workplace & challenging the status Quo

I would first and foremost like to give a shout – out to Rebecca Kimball for making this happen. The other Thursday, I had the pleasure of attending CFO Kaufmann’s speaker event at Gerlach Hall. This has become one of the top speaker series that I have actually been to. The subject revolved around professional development in the workplace and equality of the sexes in the workplace. The latter in my view is not talked about enough. When he started outlining how he championed the initiative to encourage more women to speak out and take the international assignments and promotions as well as other positions, it hit home with me. I have had the pleasure of working with women who I thought were the best candidate for the promotions offered but whom did not put their names in the boxes for fear of not having the complete qualifications and reprisal by their workmates. I definitely have always asked myself how that issue can be tackled.

In his answer to tackling the issue, he alluded to what most of us fear doing but always imagine doing. He said just do it in short. If a workplace does not respect equality, then it behooves us as the employees to decide whether our values are aligned with the company’s. I definitely agree with that viewpoint, especially in this age where the workforce is so diverse and firms can benefit from diversifying and the different outlooks that different sides of the sexes can bring to problem solving. It definitely reinforced what I want to see in a culture at work.

He did also go over his personal professional growth which struck me as very courageous. A trained accountant, he decided that he did not want to keep going through that track and went the sales route which he had a passion for. It shows how doing the uncomfortable can often result in our utmost success. I think it hit a nerve with me because when I was working, I had those thoughts where I would see myself in the future and ask if I was challenging myself enough….if I was doing what I needed what I needed to do so that in the future, I could do what I wanted to do.

Overall it was a great speech and I learned a lot from his speech and again a big shout-out to Rebecca Kimball.

CFA Research Challenge Pt. 2

Well, after almost five months of research, writing and preparation, we were finally readyEditing to give our presentation. On Tuesday, my research team and I got up in front of a panel of CFA charter holders to give a recommendation on Owens Corning, a basic materials company headquartered in Toledo. Just to recap, every year The CFA Society puts on a research challenge open to all colleges. The challenge consists of writing a research paper (my last blog) and giving a presentation to the local CFA societies (in our case, Columbus, Dayton and Cincinnati). We successfully made it past the paper stage a few weeks back and have since been preparing a slide deck and presentation based on our paper. The presentation was to be 10 minutes long and broken down into a few sections: company introduction and recent events, business segment descriptions, industry overview, financial analysis, valuation (the most important part) and risks. After the presentation there was another 10 minute session but this time the panel could ask us any questions they had.

So we knew exactly what the presentation would be like, we just needed to finalize what we wanted to say and practice until we had it down. It took almost no time to put together our slide deck…memorizing what we were going to say took a bit longer. As a team, we met a few times in the week leading up to the presentation to practice. In the end, we knew that getting up in front of the panel would be a beast all on its own.

Practicing

Finally, presentation day came and what better way to bond with your team then to ride in a minivan together. We made our way down to Wilmington, Ohio (a midpoint between Columbus, Dayton and Cincinnati) and signed in right around 4pm. The schedule was: Ohio University at 5:00, Capital University at 5:30, Ohio State Team Sheridan at 6:00 and Ohio State Team Wellman at 6:30 (that’s right, Ohio State sent two teams!).

whole team

While Ohio University was presenting, we decided to find another room where we could practice a few more times. Needless to say, we were a little nervous. For the life of me, I could not remember one of my lines and I was worried it wouldn’t come to me when the spotlight was on. Time was drawing near as we headed back to the waiting room. Ohio State Team Sheridan came out of the presentation room looking confident which, honestly, made me more nervous! Nonetheless, it was go time!

winners

We walked in, greeted the panel, and off we went. I think we did pretty well and apparently the panel agreed! Ohio State Team Wellman took home the victory and will be headed to Chicago in April to compete in the national level competition. Who knows, maybe we can make the Americas competition or even the global level! Look for more to come on the CFA Research Challenge, the journey isn’t over!

(Winners!)

Speaker Series 1- Charles Brandes of Charles Brandes Partners

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Speakers = Knowledge outside of the Classroom

In addition to all the intrinsic value we get from going to such a great school, we are often privy to great speakers who add yet more value to our education. I have had the pleasure of attending a couple of speaker series and would like to share some of these series with all of you. As I am a Finance Major and am pursuing the Investment track within the Specialized Master of Finance Program, I am always intrigued by what standards are practiced in the Industry. Mr. Brandes is a proponent of the Value Investing method made famous by Benjamin Graham and further made popular by Warren Buffet.

Mr. Brandes came to speak to the business school at the beginning of the semester last year and shared his experiences with us. To the ones who wanted to do equity research, he drove the point of value investing home. To be more specific, he imparted the importance of fundamentally valuing firms rather than speculating to the performance of a company. It takes time to truly understand what a business is doing, how it operates, and what its drivers are. When one understands that, then it makes it easier to value a company and not be part of the crowd.

More interestingly is what I just recently learned in my Trading and Markets class. Mr. Brandes was the second Investor to put money into the Investor Exchange founded by Brad Katsuyama as portrayed in Michael Lewis’s book. I definitely was able to understand why Mr. Brandes was and is such a proponent of value investing. I could not do justice to the whole subject of Mr. Lewis ‘s book  (Flash Boys) in such few words but would recommend everyone who reads this blog post to read it and read his other books as well.

Q&A with a Part-time MHRM Student: Chanelle V.

 Chanelle
Hometown: Eagan, Minnesota
Undergraduate Major: Economics & Strategic Communication
How do you manage work and school (views on work/life balance, and tips): Planning, planning, planning! I have realized that my time management is better when I have more things to do. I have no choice but to allocate my time wisely; however, it is easy to get so caught up in work and school that personal life is often an afterthought. My advice would be to schedule time for yourself – just like you would schedule a group meeting or devote time to studying. It’s important to let yourself recharge by doing things you enjoy so school and work don’t become overwhelming. (My favorite thing to do is playing with my dogs!)
"Mom! Enough studying, I need belly rubs!”“Mom! Enough studying, I need belly rubs!”
Favorite MHRM class thus far in the program: One of my favorite classes in the program has to be Talent Management taught by Dr. Larry Inks. There are so many interesting topics covered in the course including talent acquisition, performance management, succession planning, and more. This class helped me realize my professional interests and challenged me to be introspective and think about how the course material has related to my personal experiences.
Favorite extracurricular activity at Fisher: I love being on the MHRM Council! It is so much fun to come up with ways to strengthen the MHRM community and watch them come to fruition. Our goal is to positively impact the program both in and out of the classroom, and the ability to watch the program evolve with the support of our efforts is incredibly rewarding.
Advice you would give prospective students considering the program part-time: Go for it! There are so many learning, networking, and development opportunities that are made available at Fisher, and having the ability to pursue the program part-time is an excellent way to further your education at your own pace. The MHRM program’s evening classes don’t conflict with the traditional workday, so students (myself included) have the opportunity to work toward their graduate degree while remaining employed full-time. As a part-timer, you also get to have classes with first-years, second-years, and other part-timers as well, so I’ve really enjoyed having such a large MHRM family!

Human Resource Invitational Case Competition

Last Saturday, Fisher held the Fifth Annual Human Resource Invitational Case Competition. This competition is an annual competition which involves five premier master’s programs in human resources in the U.S. to compete against one another. These programs including: Cornell, Illinois, Minnesota, Rutgers, and of course, Ohio State. Sponsored by PepsiCo, the case competition requires candidates to come up with solutions based on the case that PepsiCo provided in 20 hours. Derek Lancashire, one of our team members, and my classmates, told me that the process was stressful because they received the case on Friday morning and had to give presentation on Saturday morning. But our team did a good job. They ranked second in the competition. In addition, Marlina Frederick, a second year MHRM student, was given the award of Best Q&A. Well done, buckeyes!

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Uncovering the World of Career Conferences

It was my first year in the MBA, and school had started just a couple of weeks ago. I received an email from the president of the Fisher Graduate Latino Association (FGLA) telling us about this conference happening in Philadelphia: NSHMBA Career Expo (National Society of Hispanic MBAs). It was a 3-day career conference hosted by NSHMBA, an organization dedicated to “increasing the number of Hispanics graduating with MBAs; and to assist in networking by helping secure leadership positions and enhance professional development.” I had only been in the MBA program for a couple of weeks, and I had no idea what this event was, or the great opportunities it provided.

After talking to the president of FGLA and my advisor, I decided to attend, along with 5 other first years and a couple of second years. We arrived in Philadelphia Thursday night, and would be attending the Conference first thing Friday morning. The night before at the hotel, we all researched the companies we were interested in, and took a look at the conference map. There would be so many companies attending! The map, however, only conveyed the scale of the conference to a small degree. When we arrived there Friday morning before the conference started, it was a busy, crazy scene of hundreds of MBAs in suits and with portfolios, eagerly waiting to go talk to the company they were interested in.

The doors to the conference finally opened. I decided to walk around the conference and get a feel for the environment before I talked to any recruiter.  It was an overwhelming experience, since it was my first time in a conference such as that one, but it was also so energizing and thriving. So much talent and opportunities everywhere. I walked around the floor and observed the layout of the conference. Once I felt comfortable and ready to take part of this experience, I put down my coffee and looked at the first company name in my list. It would be a great, long day ahead of me – and I felt as ready as ever to start!

Touring Philly the day we arrived
Touring Philly the day we arrived
Right before starting the conference
Right before starting the conference