Academics, Publications & Research

Hartford Speaks to Students About Career, Value of Allegheny

Terry Hartford didn’t know he’d end up at Chatham Financial soon after graduating from Allegheny College in 2011.

But when he arrived at Chatham, a Pennsylvania-based advisor specializing in real estate capital markets and risk management, he found it to be a good fit: The attributes that make for successful Chatham employees, Hartford said, are the same attributes he developed while earning his economics degree here. Chatham values employees who are intellectually curious, who can solve complex problems, who are collaborators, who have good communication skills, who can work with limited direction and who have the initiative to leverage the experiences of their colleagues, among other skills, he said.

“Allegheny ticks all of those boxes,” Hartford said.

Hartford spent a day on campus recently visiting economics classes and speaking with students about his Allegheny experience, what he would have done differently as a student, his career at Chatham, and the value of his Allegheny degree.

Over a pizza lunch in the Henderson Campus Center, Hartford told a group of students that the variety of classes offered by the college gives students a broad base of knowledge and emphasizes analysis and critical thinking, skills that have served him well at Chatham. Allegheny also prepares students to be confident communicators and presenters and to work as a team, he said.

There are intangible benefits to the Allegheny experience as well, Hartford said, including the diverse expertise of faculty, a climate that encourages and rewards intellectual curiosity, and a heavy course load.

“You really have no choice but to work hard and manage your time,” he said.

Before giving students an in-depth overview of his work at Chatham as a consultant on the Global Real Estate team — he spends much of his time advising clients on how to hedge their risks when it comes to real estate-related debt — Hartford spoke about the things he wishes he would have done differently while on campus. He told the group to be proactive in determining their future, to choose the best — not the easiest — electives, and to use all the available resources at their disposal, including the time and expertise of professors and alumni.

“Ask a lot of questions. Get as much information as you can and don’t be shy,” Hartford said.

Later, Hartford said the purpose of his talk and visit was to “give (students) a look into what’s possible with an economics degree and reassure them of the quality of an Allegheny degree.” He also said he’d like to see a formal or informal relationship between Chatham and Allegheny in the future that could result in internships or other opportunities for Allegheny students.

Hartford and other alumni who return to campus to speak about their careers and experience also help dispel myths about careers and expose students to careers they might not have considered or thought possible, said Professor of Economics Stephen Onyeiwu, who also attended Hartford’s talk.

“Sometimes you don’t know what’s involved in a particular career until you’ve heard someone talk about it,” Onyeiwu said.

One of the students who gathered for Hartford’s lunchtime talk, senior political science major Jonas Skattum, said he valued the chance to hear from a recent graduate.

“He’s been where I’m about to go,” Skattum said of Hartford. “Hearing his experiences and the challenges he faces, you learn a lot. … It gives you insight as to how we can achieve our goals.”

Source: Academics, Publications & Research

Residencies, City Tours Immerse Allegheny Students in Business

DSCF1322

Allegheny College economics students are learning from the best in business — here on North Main Street in Meadville and on Wall Street in New York City.

A group of students and faculty will participate in the Center for Business and Economics Major City Business Tour to New York City, a biennial trip designed to expose junior and senior economics majors to the daily business world in the banking and financial services industries. Students will also explore careers in those industries and network with Allegheny alumni working in business and finance.

This sixth tour, Oct. 26–27, includes planned meetings with John Gregory ’89, managing director at Wells Fargo Securities; Bruce Thompson ’86, vice chairman at Bank of America and chairman of Global Acquisition Finance and Capital Commitments; Karen Ubelhart ’77, industry analyst with Bloomberg; and Jonathan Drescher ’84, senior vice president of project development for The Durst Organization. Thompson and Ubelhart serve on the college’s Board of Trustees.

“We want our students to have valuable experiences and opportunities that complement what they’re learning in the classroom and prepare them for life after Allegheny,” said Russell Ormiston, assistant professor of economics and co-director of the Center of Business and Economics with Chris Allison ’83. “This trip does that.”

“The trip to New York puts students where the action is and allows them to learn from seasoned executives who are living what we’re teaching,” said Allison, who is Allegheny’s entrepreneur in residence and a visiting instructor in the Department of Economics.

The trip follows an on-campus visit earlier this month by Allegheny’s 2016 Executive in Residence Terry Dunlap, principal of Pittsburgh-based Sweetwater Consulting LLC and the recently retired president and executive vice president of Allegheny Technologies.

Dunlap spoke with students and met with community leaders during his residency, part of an Executive in Residence Program started in 2001 to connect Allegheny students and faculty and Meadville leaders with prominent business executives. Like the Major City Tour, the EIR Program is coordinated by Allegheny’s Center for Business and Economics, which provides unique business-related experiential learning opportunities that complement traditional in-classroom learning.

Previous executives in residence have included Thompson of Bank of America, in 2015; Kyle O’Connor ’03, who led commercial excellence globally for GE Capital, the financial services arm of General Electric, in 2014; and Jim Spaulding ’80, founder of Vanguard Health Systems Inc., in 2013.

Dunlap said he sees the executive-in-residence program as a chance to “bring a different voice, a different perspective,” into the classroom and to complement what faculty members are teaching.

It’s beneficial for both students and professors, he said.

“It makes sure (what is being taught and discussed) is current, is relevant, and is in real-time,” said Dunlap, who prior to Sweetwater spent 31 years as a senior executive with Allegheny Technologies. “I think it’s also very helpful for academic leaders to have the opportunity to stay current in a very fast-moving world with what’s going on right now. What was real two or three years ago can change radically overnight.”

Dunlap spent much of his time at Allegheny talking about a concept he’s very familiar with: Return on investment.

The question students need to be asking is “What do I need to be doing starting today to put me in a better position to get a job tomorrow?” Dunlap said.

“Getting a degree from college is absolutely the base,” he said. “It’s nothing more than that. What else are you going to do to separate yourself, to make your brand unique from all the others?”

For some first-year students in particular, the message that job preparation begins now is a wake-up call, he said. He offered a few pieces of advice: Update your résumé. Become a Microsoft Excel expert. Watch less Netflix and read more of the Wall Street Journal and The New York Times.

Dunlap likens walking into a job interview without ever reading the Wall Street Journal to drafting a fantasy football team without ever watching a NFL game.

“You can’t cram for it,” he said. “You can’t learn stuff in an hour. It’s a discipline. Start paying attention.”

Allegheny offers a unique environment in which to prepare. The liberal arts approach of the managerial economics program teaches students to apply the tools of finance, accounting, statistics and technology management within historic, institutional and global contexts.

“In today’s world, being the most well-rounded, most well-informed person you can be is always helpful,” Dunlap said. “In international business, if you think you’re going to be successful if you’re just a fabulous accountant, not so much. If you understand global economies, you’re going to have a much better chance at being successful. Liberal arts degrees teach students to think critically and work collaboratively, and that’s the way the world works today.”

The Center for Business and Economics also coordinates the college’s Entrepreneur in Residence Program. Since 2007, Allison has served as the entrepreneur in residence, where he oversees the Gator Social Venture Challenge and other programs, and as a visiting instructor. He also sits on the college’s Board of Trustees.

Allison served for nine years as the chairman and chief executive officer of Tollgrade Communications, Inc. While Allison was CEO, Tollgrade was honored in 2000 and 2001 as one of the Best 200 Small Companies in America by Forbes magazine and in 2001 as one of the 100 Fastest Growing Companies in America by Fortune magazine.

Source: Academics, Publications & Research

Residencies, City Tours Immerse Allegheny Students in Business

Allegheny College economics students are learning from the best in business — here on North Main Street in Meadville and on Wall Street in New York City.

A group of students and faculty will participate in the Center for Business and Economics Major City Business Tour to New York City, a biennial trip designed to expose junior and senior economics majors to the daily business world in the banking and financial services industries. Students will also explore careers in those industries and network with Allegheny alumni working in business and finance.

This sixth tour, Oct. 26–27, includes planned meetings with John Gregory ’89, managing director at Wells Fargo Securities; Bruce Thompson ’86, vice chairman at Bank of America and chairman of Global Acquisition Finance and Capital Commitments; Karen Ubelhart ’77, industry analyst with Bloomberg; and Jonathan Drescher ’84, senior vice president of project development for The Durst Organization. Thompson and Ubelhart serve on the college’s Board of Trustees.

“We want our students to have valuable experiences and opportunities that complement what they’re learning in the classroom and prepare them for life after Allegheny,” said Russell Ormiston, assistant professor of economics and co-director of the Center of Business and Economics with Chris Allison ’83. “This trip does that.”

“The trip to New York puts students where the action is and allows them to learn from seasoned executives who are living what we’re teaching,” said Allison, who is Allegheny’s entrepreneur in residence and a visiting instructor in the Department of Economics.

The trip follows an on-campus visit earlier this month by Allegheny’s 2016 Executive in Residence Terry Dunlap, principal of Pittsburgh-based Sweetwater Consulting LLC and the recently retired president and executive vice president of Allegheny Technologies.

Dunlap spoke with students and met with community leaders during his residency, part of an Executive in Residence Program started in 2001 to connect Allegheny students and faculty and Meadville leaders with prominent business executives. Like the Major City Tour, the EIR Program is coordinated by Allegheny’s Center for Business and Economics, which provides unique business-related experiential learning opportunities that complement traditional in-classroom learning.

Previous executives in residence have included Thompson of Bank of America, in 2015; Kyle O’Connor ’03, who led commercial excellence globally for GE Capital, the financial services arm of General Electric, in 2014; and Jim Spalding ’80, founder of Vanguard Health Systems Inc., in 2013.

Dunlap said he sees the executive-in-residence program as a chance to “bring a different voice, a different perspective,” into the classroom and to complement what faculty members are teaching.

It’s beneficial for both students and professors, he said.

“It makes sure (what is being taught and discussed) is current, is relevant, and is in real-time,” said Dunlap, who prior to Sweetwater spent 31 years as a senior executive with Allegheny Technologies. “I think it’s also very helpful for academic leaders to have the opportunity to stay current in a very fast-moving world with what’s going on right now. What was real two or three years ago can change radically overnight.”

Dunlap spent much of his time at Allegheny talking about a concept he’s very familiar with: Return on investment.

The question students need to be asking is “What do I need to be doing starting today to put me in a better position to get a job tomorrow?” Dunlap said.

“Getting a degree from college is absolutely the base,” he said. “It’s nothing more than that. What else are you going to do to separate yourself, to make your brand unique from all the others?”

For some first-year students in particular, the message that job preparation begins now is a wake-up call, he said. He offered a few pieces of advice: Update your résumé. Become a Microsoft Excel expert. Watch less Netflix and read more of the Wall Street Journal and The New York Times.

Dunlap likens walking into a job interview without ever reading the Wall Street Journal to drafting a fantasy football team without ever watching a NFL game.

“You can’t cram for it,” he said. “You can’t learn stuff in an hour. It’s a discipline. Start paying attention.”

Allegheny offers a unique environment in which to prepare. The liberal arts approach of the managerial economics program teaches students to apply the tools of finance, accounting, statistics and technology management within historic, institutional and global contexts.

“In today’s world, being the most well-rounded, most well-informed person you can be is always helpful,” Dunlap said. “In international business, if you think you’re going to be successful if you’re just a fabulous accountant, not so much. If you understand global economies, you’re going to have a much better chance at being successful. Liberal arts degrees teach students to think critically and work collaboratively, and that’s the way the world works today.”

The Center for Business and Economics also coordinates the college’s Entrepreneur in Residence Program. Since 2007, Allison has served as the entrepreneur in residence, where he oversees the Gator Social Venture Challenge and other programs, and as a visiting instructor. He also sits on the college’s Board of Trustees.

Allison served for nine years as the chairman and chief executive officer of Tollgrade Communications, Inc. While Allison was CEO, Tollgrade was honored in 2000 and 2001 as one of the Best 200 Small Companies in America by Forbes magazine and in 2001 as one of the 100 Fastest Growing Companies in America by Fortune magazine.

Source: Academics, Publications & Research

Park presents paper at conference

Assistant Professor of Economics Hyun Woong Park presented a paper, “Technical Change and the Rate of Profit in a Long-run Model of Price of Production,” in August at the summer conference 2016 of the Korean Association of Political Economy.

Source: Academics, Publications & Research

Park presents paper at conference

Assistant Professor of Economics Hyun Woong Park presented a paper, “Technical Change and the Rate of Profit in a Long-run Model of Price of Production,” in August at the summer conference 2016 of the Korean Association of Political Economy.

Source: Academics, Publications & Research

Bilo Shares Work as Research Fellow at Duke University

Assistant Professor of Economics Simon Bilo has been a Research Fellow at Duke University’s Center for the History of Political Economy during Spring 2016 semester. He presented a paper titled “The Austrian Revival at New York University” as part of the center’s lunchtime speaker series on April 15. Professor Bilo attended the 41st annual meetings of the Association of Private Enterprise Education on April 3-5 in Las Vegas, presenting a paper titled “First-Round Effects of Changes in the Money Supply: A Diagrammatic Framework.”

Source: Academics, Publications & Research