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Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Monday, March 24, 2014

Linking Your Liberal Arts Degree to the Real World


"Linking Your Liberal Arts Degree to the Real World" By Rocco Sabino, '84 

When I attended SUNY Stony Brook, I majored in French Literature and participated in Stony Brook’s first study abroad Philosophy program at La Sorbonne University in Paris, France. It was one of the greatest experiences of my life. So what did I end up doing in the real world? I became a Certified Public Accountant working in various management roles throughout my career, most recently as a Chief Financial Officer of a Long Island financial institution. You are probably wondering how I went from being a French major to becoming an Accountant. Many of my engineering, math, and science friends at Stony Brook would poke fun at me asking what I was going to do with a Bachelor of Arts degree in French. 

One thing I should mention is that I was also a Business Administration minor, as I knew that I wanted to pursue a business career, preferably in the international accounting and finance field. Yet at the time, Stony Brook did not have an accounting program, and I was only able to take one accounting class. When I graduated, I admittedly had a difficult time landing a full time position in the corporate world because I was labeled a “liberal arts person.” By networking, I was able to complete a summer internship at a major Manhattan bank, but I was out-competed for full time accounting, finance, and business positions from graduates who had more coursework in those disciplines. Notice, I did not say they all necessarily majored in those disciplines. So the first lesson I learned was you need to ensure you have, at a minimum, some specific coursework in your academic experience that matches your employment goals. For example, if you are looking to be a financial analyst, you should demonstrate that you have taken some finance and or analytical classes and did well. I was looking for banking and finance positions but did not have enough specific coursework.   

So after my summer internship ended, I decided to attend graduate school and earn my MBA degree in Finance. It turned out to be a good decision, as it made me more employable, and I was able to land my first job as a Program Administrator for a major aerospace manufacturing firm. Suddenly, I was viewed as a liberal arts guy with a technical background. I firmly believe that business employers love liberal arts majors because they tend to be good communicators, they can read and write well, and they are overall well rounded, a must if you are to succeed in the business world. Employers just also need to see that you have the capacity to learn and perform a technical function. I later decided to become even more technically proficient by obtaining my CPA certification, which included working at a public accounting firm for several years.  

Once certified, I was really able to put it all together. I worked at an international aerospace company where I was in charge of a Turkish joint venture; I had the opportunity to travel to Turkey several times. I later landed an international finance management position at American Express in their New York City Headquarters. The combination of being a CPA/MBA and demonstrating a love of foreign culture as a French major at Stony Brook helped me land the position. After almost eight wonderful years working in Manhattan and periodically traveling abroad, I decided to find work on Long Island in order to help raise my family. Once again, proving that I could be a critical thinker, flexible, and well rounded, I landed a senior finance position at a major credit union on Long Island without having any prior banking experience. I later became the Chief Financial Officer of a mid-size credit union on Long Island.

The critical traits and skill sets I developed over time started with majoring in French and studying abroad while attending Stony Brook. Keep in mind, the liberal arts background I obtained at Stony Brook provided me with a foundation I could not otherwise get later on in life. Learning a language and studying abroad is a once in a lifetime opportunity. You don’t have to be an Accounting major in college, get an MBA in accounting, and think nothing but accounting to land quality senior financial jobs later in your career. You can be a liberal arts major and combine it with some technical coursework and experience to help you become a well rounded professional with a capacity to do technical work. That’s what employers look for, and that’s what I always look for when I hire financial professionals.

Professor Sabino is a member of the Business Department here at Stony Brook, teaching ACC 596: Financial Accounting Theory and Analysis. He has over 25 years of domestic and international accounting and financial management experience in the manufacturing, financial services, and community banking industries. Sabino has held the positions of Chief Financial Officer at several credit unions on Long Island. In addition, he’s held various senior level finance positions at American Express, which included Director of an international reporting and analysis team responsible for 50 overseas markets, addressing local economic and currency fluctuation issues. Previous to American Express, he was the financial manager of a foreign joint venture of Loral Corporation, a global aerospace manufacturer. He is a CPA and holds an MBA in Finance from Hofstra University, and a BA from SUNY Stony Brook in Foreign Language and Business Administration. He also earned a Post Masters certificate at NYU Stern School of Business in Accounting with a focus on International Business. Professor Sabino lives on Long Island with his wife, son, and daughter.

Tuesday, February 25, 2014

Do You Really Need a Business Plan?

"Do You Really Need a Business Plan?" By Nikki Barnett, LMSW, '01; '03


In 2002, Daniel H. Pink wrote The New York Times - Best Seller book "Free Agent Nation: The Future of Working for Yourself." Pink brought to light that over 25 million Americans were self-employed and uncovered a shift in attitudes about the workplace and economy. Increasingly, individuals with an entrepreneurial spirit start a business with little thought put into mapping out their vision or plan. With a ton of enthusiasm and ambition, coupled with little experience, most "free agents" fail because they do NOT invest time and energy into writing their business plan


According to Ronni Rosen, Senior Business Advisor from NYS Small Business Development Center, here are three tips to provide you with support while writing your business plan:

1. Outline your financial needs. Start by asking yourself what kind of financing you are likely to need. What initial investment will your business require?

2. Do your homework and determine set objectives. What is the current state of the marketplace you're seeking to enter? Competitors? Target customers? What are perceived threats and opportunities? Try writing a letter to yourself, written from five years in the future, describing your accomplishments and how they came about. 

3. Plan what you will do with your planA business plan can be used for monitoring progress toward goals, invite colleagues to invest in or enhance your plan, or entice employees to join your business.


 Nikki is a double alum from Stony Brook University, having earned her Bachelor of Arts Degree in Sociology and Master of Social Work Degree (MSW), with a specialization in Student Community Development (SCD). In 2008, Nikki received her LMSW. She has been working in Career Services at the Stony Brook University's Career Center since 2007, and has worked in higher education for 10 years. Prior to this, Nikki worked in Residence Life as both an Assistant Director for College Housing (2005) and, before that, Residence Hall Director (2003) at Stony Brook. Over the years Nikki has built an expertise in career coaching and counseling.

Wednesday, January 1, 2014

The Art of Networking


"The Art of Networking" By Nikki Barnett, LMSW, '01; '03

Since 85% (roughly) of jobs are obtained through personal contact, it seems with such a high percentage, your “resume” doesn't deserve as much attention as it often gets...Rather, more time should be spent on crafting the core message you’d like to send to your network, while building and maintaining authentic relationships. 

Here are four ways to make networking work for you:
1. Know your message: Think of three words that might best describe you. Write them down.... Those three words are going to inform everything you do. Every sentence you write. Every elevator pitch you deliver.
2. Be real: In sales, there is a saying, "People do business with those they know, like and trust." Be someone who others will seek to know and like. The trust will follow when you are authentic in your relationships.
3. Give before you get: Consider ways you can help others in your network, first, before thinking what your network can do for you...
4. Participate in alumni and professional association activities: Newsletters, magazines, blogs and more… They can be a great resource to catch up and see what fellow alumni are doing in the workforce. Getting connected with a professional regional or nation association will increase your career knowledge and your chances of impressing your future network.

Nikki is a double alum from Stony Brook University, having earned her Bachelor of Arts Degree in Sociology and Master of Social Work Degree (MSW), with a specialization in Student Community Development (SCD). In 2008, Nikki received her LMSW. She has been working in Career Services at the Stony Brook University's Career Center since 2007, and has worked in higher education for 10 years. Prior to this, Nikki worked in Residence Life as both an Assistant Director for College Housing (2005) and, before that, Residence Hall Director (2003) at Stony Brook. Over the years Nikki has built an expertise in career coaching and counseling.