Beth Ryan

CBE Fellow Graham Kralic ’25 Journeys to Pittsburgh for an Elite Internship in Banking and Finance

Graham Kralic '25
Graham Kralic ’25

Graham Kralic ’25, an economics major and communications minor, journeyed  to the corporate headquarters of PNC for his summer internship. PNC is one of the largest diversified financial services institutions in the United States.

We asked Graham…

How did you find your summer internship?

Graham: I found this opportunity through CBE advertising, general knowledge of PNC Bank, and the desire to work here for many years. In obtaining my internship, I  leveraged the Center for Career and Professional Development (CCPD)  services (Shoutout to Autumn Parker, Jim Fitch, and Brian Collingwood), alumni connections (Jennifer Daurora ’99), and my own personal connections who work at the bank.

What are your duties?

Graham: As a C&IB Treasury Management Intern, I support Treasury Management Officers on my team in the solutioning of treasury management products to corporate and institutional banking clients at PNC. Simply put, Treasury management is the process of extending the funds flow cycle within a company’s treasury department. This means helping companies receive A/R payments more quickly, managing liquidity, and delaying A/P payments for as long as possible.

Would you recommend this experience to other students?

Graham: I would highly recommend a PNC internship to anyone who will listen. There are so many different intern positions that they offer from corporate finance to HR services, there is a niche for everyone. The program has offered me countless opportunities to learn and take on additional responsibility within my business unit.

What other activities are you involved in on campus?

Graham: I am  a CBE Fellow, economics major and communications minor, scheduled to graduate in the spring of 2025. I participates in Men’s Varsity Soccer, Student-Athlete Advisory Committee, Delta Tau Delta Fraternity, and serve the department as a Macroeconomic Theory Teaching Assistant.

The Bruce R. Thompson Center for Business and Economics (CBE) prepares Allegheny College students to succeed in a diverse, global economy.

Student-Faculty Research into Economic Development in Africa Enters the Second Year of Study

Zachary Wyse '25 presented his ongoing research project entitled, "Busting the Youth Bulge in Africa: Does Demography Foster or Impede African Development" at the June 4th ACRoSS 2024 luncheon.
Zachary Wyse ’25 presenting his ongoing research project entitled, “Busting the Youth Bulge in Africa: Does Demography Foster or Impede African Development”

Zachary Wyse ’25 presented his ongoing research project entitled, “Busting the Youth Bulge in Africa: Does Demography Foster or Impede African Development” at the June 4th ACRoSS 2024 luncheon. Under the mentorship of Professor of Economics, Steve Onyeiwu, Zachary has uncovered insightful information in this, his second year performing research on economic development in Africa. To learn more about his summer of 2023 research in Africa, read our Winter 2024 newsletter.

 Undergraduate Research, Scholarship, and Creative Activities (URSCA)

Allegheny College has a rich tradition of undergraduate research that dates back to the college’s founding in 1815. The mission of the URSCA Office is to promote student research, organize on-campus presentations of students projects, and provide information and support to students who present their projects off-campus.

Learn more here about the summer ACRoss program administered through the URSCA office.

2024 National Economic Outlook for the United States

2024 National Economic Outlook for the United StatesOn April 4, the Center for Business and Economics will welcome Russell Mills, Ph.D., Senior Principal and the Senior Regional Officer of the Federal Reserve Bank of Cleveland’s Pittsburgh Branch. Dr. Mills will present the “National Economic Outlook,” a discussion of current national economic conditions.

Russell Mills is responsible for managing relationships with regional stakeholders, monitoring the region’s economic environment, and speaking to regional audiences on national and regional economic conditions. Additionally, he participates in briefings that support the Bank president’s role on the Federal Open Market Committee (FOMC). He also manages the Bank’s relationships with the Pittsburgh Branch’s board of directors and business advisory councils in Pittsburgh and Erie, Pennsylvania, and in Wheeling, West Virginia.

Dr. Mills joined the Federal Reserve Bank of Cleveland in 2023. Prior to taking on his current role, he oversaw the Center for Regional Development at Bowling Green State University, leading a team in economic, community, and workforce development projects across 31 counties in northwestern Ohio. Prior to his time at the center, Dr. Mills was an associate professor of political science at BGSU and a policy analyst at the Federal Aviation Administration in Washington D.C.

He holds a BA in political science from Westminster College, an MPA from the University of Vermont, and a PhD in political science from Kent State University.

The Economics Distinguished Speaker event is supported by the Earl W. Adams, Jr. Endowment, established by Allegheny College Trustee William H. Brown, Jr., Allegheny Class of 1980, in honor of Professor Earl William Adams, Jr. – teacher, mentor and friend.

Spring 2024 Symposium:   Navigating Careers in Business and Economics

Students participating in the Board of Visitors Networking Lunch
Students participating in the Board of Visitors Networking Lunch

Students of all majors are welcome to attend our Spring Symposium, “Navigating Careers in Business and Economics” with the Board of Visitors (BOV)- the Center for Business and Economics alumni advisory board that journeys back to campus each year to help students achieve their career goals.

Our twelve returning BOV members will be our guest speakers throughout the day starting at the Campus Center on Monday, March 18th.

There are three ways to participate:

  1. Attend a session that aligns with your interests.
  2. New for 2024!  From 10:00 am until 12:15 pm Board of Visitors members not in session will hang out at Grounds for Change-students are encouraged to stop by and have a drink on our tab! CBE Fellows will be on hand to make introductions.
  3. Attend our networking lunch at 12:30 pm in the Tippie Alumni Center – RSVP here, it just takes a minute!

Contact Beth Ryan for more information.

Students are free to attend any of these four sessions – here’s the details:

Monday, March 18

10:00 am – 11:00 am, CC 301/302 =>

  •  “What’s Next? Graduate School vs. The Real World” 
  • “The Power of Perception: How Personal Branding Influences Career Success,” sponsored by the Women in Business and Economics Club (WIBE).

11:00 am  – 11:15 am =>  Coffee Break

11:15 am – 12:15 pm CC 301/302 =>

  • “Market Yourself as an Allegheny Grad – Comps and Experiences” 
  • “How to Stand Out at Your First Job,” sponsored by the Wealth Management Club

After the final session, students are invited to attend lunch with the BOV members where they can enjoy the soup and salad buffet and do some “speed networking”!   The lunch will begin at 12:30 pm and the BOV members will be on hand until 2:15 pm.

RSVP here so you don’t miss out on a great lunch experience!

Who’s coming to campus?

  • Dayan Aberaratne ’94 Managing Director, PJT Partners
  • Stacy Corbin ’89, Managing Director, KeyBanc Capital Markets
  • Elizabeth White ’83, President, White Biotech Solutions
  • Anne Gearan ’85, Partner, FGS Global
  • Naveed Ismail ’12, VP Customer Management Healthcare Analytics at Craneware
  • Keith White ’83, VP Risk Management, TD Bank
  • Evelyn Pendleton ’87, VP, CFO, Commercial, Specialty & Markets at Aetna
  • Angelica Runova ’06, VP, Sr. Strategy & Planning Manager, PNC
  • Diane Sutter ’72, President/CEO, ShootingStar Broadcasting
  • Eileen Webb ’06, Senior Manager, Exempt Organization Tax Services, EY
  • Trish Lawless ’92, VP – Transformation Management, PNC
  • Devone McLeod ’13, CFP® Financial Advisor at Wealth Enhancement Group

The Board of Visitors annual event is supported by the Earl W. Adams, Jr. Endowment, established by Allegheny College Trustee William H. Brown, Jr., Allegheny Class of 1980, in honor of Professor Earl William Adams, Jr.  –  teacher, mentor and friend.

New! Winter 2024 Edition of the Business and Economics Review

Winter 2024 Business and Economics ReviewWhat happens during the busy fall semester here in the Business and Economics Department? A lot!

This issue includes stories about the screening and discussion of the documentary “Beyond Zero,” the visit of Devone McCleod ’13 as our Executive in Residence, a Board of Visitors meeting supplemented by the return of recently-graduated CBE Fellows, student-faculty research funded through a new endowment honoring the memory of Steve Casler, new faculty arriving in Quigley, career fairs, career guidance from students and returning alumni, and our Financial Literacy winners.

Click here to download a .pdf version of our Winter 2024 issue

Zingale Financial Literacy Winners the Best in Competition History

The 2023 CBE competition saw three accomplished students enter financial plans that were not only technically correct, but realistic plans for life after graduation.  Three seniors led this years event winning prize money to help them get started on their next  adventure:

1st Place:  Reece Smith, $2,500

2nd Place:  Andrew Strobel, $1,500

3rd Place: Ochirsaikhan Davaajambal, $1,000

The next step for Zingale Financial Literacy winners is participation in the annual Pittsburgh Collegiate Financial Plan Competition scheduled for April 2024.  

The Financial Literacy Challenge, sponsored by Lance and Karen Zingale, is a competition in which students develop and submit a personal financial budget and investing plan appropriate for life after graduation.

Our special thanks to Lance and Karen Zingale for their generous support of this important program for Allegheny College students.

The Zingale Financial Literacy Challenge  is an event in which students develop a personal financial budget and investing plan appropriate for a recent college graduate. They can then choose to earn a certificate, academic credit and/or compete in the Challenge for cash prizes and trophies awarded to student winners.The Bruce R. Thompson Center for Business and Economics (CBE) prepares Allegheny College students to succeed in a diverse, global economy.

Devone McLeod ’13 Assures Students that Wealth Building After Graduation Is Possible, Offering 10 Suggestions to Get Started

Fall 2023 Lunchtime Learning with Devone McLeod
Fall 2023 Lunchtime Learning with Devone McLeod – Standing from left: Diane Sutter ’72, President Ron Cole, Meredythe Baird ’24, Reece Smith ’24, Colin Elder ’25, Graham Kralic ’25, RJ Swanson ’24, Andrew Strobel ’24, Devone McLeod ’13, Nicholas Tysiachney ’25, Zula Stenger ’25, and Allegheny Provost,  Angela Haddad

Quigley Auditorium was packed as the Allegheny Community gathered to listen to Devone McLeod ’13 recount his postgraduate journey and how he was able to reach his career and income goals in five short years after graduation.  A valued member and co-Chair of the Center for Business and Economics Board of Visitors, he has built a distinguished career as a Certified Financial Planner (CFP®) and currently serves as 1st Vice President at the Wealth Enhancement Group.

CBE Fellow Meredythe Baird ‘24 commented, “It was a pleasure to spend time with Devone listening to his talk on wealth-building. He brought very valuable advice to all who had the pleasure of talking to him. I know the CBE Fellows and the Wealth Management Club were extremely grateful for his time!” During his Lunchtime Learning presentation, “The Price of Prosperity – Unraveling the Discipline Behind Building Wealth from any Socioeconomic Background,” McLeod offered these 10 Tips for Success:

    1. Create a budget.
    2. Buy the cheapest house in the nicest neighborhood that you can afford.
    3. Build a flexibility fund. (Other financial planners call this an “emergency fund”, but Devone suggests that you have the “flexibility” mindset)
    4. Be sure to invest in the max company match level in your 401K – but don’t let that be your only investment.
    5. Start a Roth IRA as a tax diversification strategy.
    6. Social media isn’t real – don’t compare yourself to others, they may not be as successful as their feed indicates.
    7. You can’t beat the market – many have tried, but generally fail.  Invest instead in ETFs (exchange-traded funds)  and mutual funds.
    8. Learn to say no.
    9. Don’t get divorced! (It’s expensive)
    10. Saving should be a little uncomfortable, but worthwhile.

    As part of his tenure as Executive in Residence, Devone met with faculty and students, visited classes and met with the Wealth Management Club.

    Devone Mcleod ’13

    Devone McLeod, CFP® serves as the 1st Vice President and Financial Advisor at Wealth Enhancement Group.  Devone strives to help families achieve their retirement goals by creating custom strategies designed to avoid costly mistakes, fund lifestyle goals, and eliminate financial worries.

    A 2013 graduate of Allegheny College, Devone majored in Economics with a minor in Black Studies.  He is an Alden Scholar and played basketball while at Allegheny.  He went on to earn his MS in Taxation at Villanova University, and his MBA at Saint Peter’s University. He has served on the Center for Business and Economics Board of Visitors since 2018 and currently serves as the Vice Chair.

    The Executive in Residence program

    The Executive in Residence program is a co-curricular activity sponsored by the Allegheny College Bruce R. Thompson Center for Business and Economics. The event is designed to connect Allegheny students and faculty with prominent business executives who spend several days on the Allegheny campus speaking about their life experiences in business, paths to success and lessons learned.

    The Bruce R. Thompson Center for Business and Economics (CBE) prepares Allegheny College students to succeed in a diverse, global economy.

What’s happens during a Busy Spring Semester at the Bruce R. Thompson Center for Business and Economics?

Quite a lot! Read “The Business and Economics Review” to look back at the highlights for Spring 2023 — Click here to download a .pdf

Summer 2023 Business and Economics Review

Our Distinctive Program

At the Allegheny College Bruce R. Thompson Center for Business and Economics, students may pursue a major in economics or business with each course of study applying the rigor of economic theory, with the benefit of interdisciplinary coursework that allows students to create a personalized concentration. Like many disciplines in a liberal arts curriculum, business and economics emphasizes oral, written, and quantitative methods in courses and seminars.

We offer students a program that requires a balance of theory and application in its curriculum. A combination of theory courses, quantitative work, and a number of field courses are offered to non-majors and minors. The program is designed to provide a foundation in liberal arts education to prepare students for postgraduate study and careers such as international affairs, law, business, management, banking and finance, human resources, accounting, marketing, education and public policy.

An extensive portfolio of co-curricular activities complements our curriculum, enhancing student learning and real-world experience and soft skill development to ensure that each student succeeds in pursuing internships, job, and graduate school opportunities at Allegheny College, and throughout their professional careers.

The distinctive Allegheny model requires students to declare a minor in a non-business and non-social science discipline, for example philosophy, religious studies, a foreign language, music, english, fine arts, biology, world health, mathematics, and computer science among other fields.

Lucia Jueguen ’24 Shines during her New York City Summer Internship

Lucia Jueguen at her internship location in New York City
Lucia Jueguen at her internship location in New York City

CBE Fellow Lucia Jueguen ‘24 is an International Studies and Business Double Major, Arabic Minor. This summer she served as an intern at BNP Paribas, in New York City.  

We asked Lucia…

How did you find my summer internship? 

An Allegheny Alum worked there and referred the opportunity to our Career Education team.

What were your duties?

I worked for the Group Financial Security team. Essentially, our team was tasked with US sanction compliance across all business lines/operating divisions of the BNPP Group. My main project for the summer was an internal auditing review.

Would you recommend the experience to other students? 

YES! I would recommend working for BNP because of many reasons. It is the perfect way to get exposure to the finance industry, especially the location at their headquarters in NYC. They provide a good introduction and transition process for incoming interns, making us feel empowered doing actual work while getting support from HR, our managers, and other peers in our department. I had the opportunity to network and go on coffee chats with most of the people in my department! They also have a direct hire program for summer interns, including sponsoring visas for international students. 

A Global Citizen Scholar, Lucia Jueguen is a Resident Advisor and CBE Fellow. She is a  member of the Omicron Delta Epsilon, International Honor Society in Economics, and Pi Sigma Alpha, The National Political Science Honor Society. 

The Bruce R. Thompson Center for Business and Economics (CBE) prepares Allegheny College students to succeed in a diverse, global economy.

Rutendo Mavunga ’24 Encourages Students to Take Advantage of Internships with Rotational Programming

Rutendo Mavunga '24 during her internship at Ernst and Young
Rutendo Mavunga ’24 during her internship at Ernst and Young

Rutendo Mavunga ’24 is an international student from Zimbabwe majoring in Economics with a French minor. During the summer, she returned to Ernst & Young,  an internationally esteemed Big 4 company for the second summer. During her internship she served as a Financial Services Business Consultant.

We asked Rutendo….

How did you find your internship?

I found this internship through Handshake and the support of Career Education, a service that I recommend that every student utilize during their time at Allegheny College.

What were your duties?

I found my internship thoroughly engaging, rigorous and insightful based on the various engagements that I conducted that allowed me to gain a greater appreciation of the financial services sector as a business consultant. My key responsibilities included conducting financial analysis, strategic planning, and risk management. I was involved in identifying business process improvements, performing market research, and supporting potential M&A activities. Ensuring regulatory compliance, financial modeling, and client communication were three essential aspects of this role. Additionally, I engaged in project management, data analysis, and business development efforts, while continuously participating in training to enhance my skills and contribute to the success and growth of the company.

Would you recommend this internship to other students?

I would recommend this internship to fellow students who have an interest in the financial sector and are willing and eager to explore various roles that could follow. For those students who are still not sure what they would want to do, I recommend exploring the launch internships facilitated by EY, or any other internships that have a rotational program that will allow them to explore what they want to do long term.

Rutendo Mavunga ’24 is a CBE Fellow, a resident advisor and the President of the Allegheny College Model United Nations Society.  She is also a non-profit entrepreneur, and the business plan for her company, Batanai, is a two-time winner of the Zingale Big Idea Competition.

The Bruce R. Thompson Center for Business and Economics (CBE) prepares Allegheny College students to succeed in a diverse, global economy.