Make Some Noise

12.08.2015 · Posted in Uncategorized

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Mike Ciprari presenting in Stanger

It takes guts to start a drum company in your grand mother’s basement and actually stick with it. Mike Ciprari and his brother Scott (for whom the company was named) started making specialty drums in their grand mother’s basement over ten years ago. Mike shared his adventures as a young entrepreneur with a love for punk music and drums. In his early years, direct marketing was a key to his success; he and his friends would travel around the country following the bands who he wanted to work with. Through networking and quality craftsmanship, SJC landed accounts and eventually grew the company out of the basement and into a success. SJC Custom Drums makes specialty drums of all different sizes and themes for many bands. Most notably he has created specialty drums for bands such as Imagine Dragons and Green Day.

Although SJC was landing well known clients, there was a lot of issues with the efficiency of their manufacturing facilities. Until recently they were producing less, and had more waste and more costs. All of this changed when the company was featured on The Profit, a hit show on CNBC, that works with struggling businesses. The key to making production more efficient was to rearrange the manufacturing plant and introduce new machinery that reduced error, although most of the drum is still assembled by hand. SJC Drums is proud of the quality and unique drums they assemble in America. They noted that most of the materials are sourced in America. Mike talked about his hopes for the future of the music instrument business, more specifically, he hopes business returns to main street America instead of less personal online shopping.

Toward the end of the presentation, Mike warned us that entrepreneurship is a difficult road to take, and that it is especially difficult on families and close friends. Even though the business side of it can be rather difficult, Mike is truly passionate about designing amazing one of a kind drums, and that passion is a large part of why SJC is so successful.

Make sure to check out this link showing off some of his specialty drums

http://www.sjcdrums.com/pages/kit-archive

Not-For-Profit & Coaching

11.03.2015 · Posted in Uncategorized

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Some of the best advice we received in 2015 came unexpectedly from Marquis Taylor, founder and executive director of the not-for-profit, Coaching 4 Change, and Stonehill College graduate. He encouraged all of us to pursue our craziest ideas and welcome failure as a way to help us learn how to make the next thing even better, but also to build our self confidence in taking risks; fail big as a way to be put on the next level. Marquis also noted that college is the best time to pursue an idea because there is support in the college community. Marquis admitted that Coaching 4 Change is a work in progress, and that it took a lot of trial and error to get Coaching 4 Change to where it is today. He explained that he is extremely proud of what Coaching 4 Change has become and will continue to strive to make it better day after day.

After Marquis concluded his discussion about the development of Coaching 4 Change, he followed by describing into detail how not-for-profits work differently from, yet still very similar to, for-profits. Value exchange between both parties is key to any business, however finding measurable value in non-for-profits can sometimes be more difficult to identify and capture. When it comes to Coaching 4 Change, the value is not necessarily shown on the bottom line, rather it is shown in the data. Numbers to answer questions such as, “how many more kids are graduating high school because of Coaching 4 Change or how much will this save the government in social programs down the road?” Questions like these can be answered with positive numbers, which shows the value being created by Coaching 4 Change. Marquis is a dedicated individual, who is full of energy and honest about Coaching 4 Change.

Marquis is an important part of our community. He has an office here at Stonehill College where people who are interested in Coaching 4 Change or not-for-profits in general can talk to him about anything, even opportunities to volunteer. For those who are thinking about the possibility of a future in not-for-profit, start your search by getting into contact with Marquis!

Who But!

10.06.2015 · Posted in Uncategorized

WB_Mason_Flag_LogoGenerally, if you attend Stonehill College, you will hear the words W.B. Mason quite often and will soon come to learn about the relationship we have with said corporation. W.B. Mason offers much more than just the name of our football stadium and immediate office supplier. The company, has opportunities available for students outside of campus in the form of internships and full-time employment. The FMA decided to bring in one very important member of the W.B. Mason team in to discuss exactly what they have to offer.

Anthony DiPippa, the CFO of W.B. Mason, came in to talk to us young hopefuls about how he got to where he is today. Mr. DiPippa at first did not think he would be working in the office supply industry. Through a turn of events including an acquisition by W.B. Mason, Mr. DiPippa got his role in the company because of his ability to show strong leadership skills. Mr. DiPippa gave insight into how WB Mason is so competitive. The company offers the distribution capabilities that other office supply companies, such as Staples, cannot compete with. Many do not realize that W.B. Mason has a leg up over even Amazon, because of the incredible efficiency the company has through its distribution centers and its diverse product offerings. If you are wondering about how you can gain some stake in company you might want to hold on for a bit because the company is currently privately held. On the other hand, this might be a great opportunity to get yourself into the company before it goes public. So when it comes time to apply for employment don’t forget, Who But, W.B Mason.

State Street Corporation

09.23.2015 · Posted in Uncategorized

State Street

Ms. Burney presenting in The Martin Institute here at Stonehill

If you have ever gotten your resume checked, received information about an upcoming event or just needed help finding a job, Christina Burney is one of the many capable individuals here at Stonehill who can help you out. Ms. Burney has been an Associate Director of Career Services at Stonehill for 7 years (2007-2015). Sadly, she decided to part ways with Stonehill and entered into a job at State Street Corporation as a University Relations Manager. This was tough news for the Stonehill community because of the great job she did in her 7 years here. As soon as we got comfortable with the reality that she no longer works for Stonehill, rumors broke out in the earlier part of 2015 fall semester that she was making a comeback. Our rumors turned into reality as Ms. Burney decided to come back to Stonehill as our new Director of Career Services.

We thought this would be the perfect person to come in to speak to our Stonehill community because she can provide us with knowledge about State Street and the appropriate tips about how to start the application process. Ms. Burney’s presentation gave the general facts about the diversity State Street has to offer in terms of internship and job opportunities. State Street is composed of four divisions, for example, State Street Global Advisors, Global Markets, Global Services, and Global Exchange. At the time she said that there are opportunities available in their advisory and markets division. She gave a light description of the job details, which can be found on their website.

Ms. Burney went on to define State Street as a G-SIB and was met with some rather puzzled faces as not all the members of the audience knew exactly what that meant. Ms. Burney explained that State Street is considered a global systemically important bank or G-SIB, which means that any distress or disorderly failure by State Street, because of its size, complexity and systemic interconnectedness, would cause significant disruption to the wider financial system and economic activity. This global influence was backed by the fact that State Street is responsible for 11% of the world’s financial assets. All who were in attendance that day were extremely impressed by such statistics.

We concluded her presentation with a quick Q&A, which prompted inquiries about what a typical day is like for a University Relations Manager at State Street. Ms. Burney stated that she would receive resumes that would reach her ceiling, exaggerating of course, but at the same time illustrating how many people do apply to State Street. She told us to not be discouraged when referring to their acceptance rate of applicants. Ms. Burney said the worst thing you can do is doubt yourself and not apply, you never know what can happen!

Venture Capital vs. Small Start-Ups

04.28.2015 · Posted in Uncategorized

Luigi Testa FMA

Luigi Testa, finance manager at Nanigans, shakes hands with FMA President, Zachary Van Dyke.

On Wednesday, April 22, 2015 the Financial Management Association hosted an event with guest speaker, Luigi Testa, a finance manager at Nanigans, an advertising software company. Testa discussed his experience working at Venture Capital companies as well as start-up Companies. He contrasted the two types of industries and the lifestyle and personality characteristics that are needed to succeed in these companies. He explained that at Venture Capital companies, such as Merrill Lynch, the financial statements are much more clean cut and neat, and that the lifestyle is much more business formal. Compared with this, start-up companies, such as Nanigans and Rapid 7, are different regarding that the work is not as cut and dry but requires more dirty work. In addition, Testa explained how it is much more laid back at start-up companies and much more business casual. FMA members listened attentively and asked many questions prompting Testa to go further into depth regarding what kind of characteristics one needs in order to fit in at a start-up company. Testa highlighted that in order to work at a start-up company some characteristics that are needed are patience and willingness to learn.

Corey Baker Talks About The Corporate Culture At Pepsico

04.21.2015 · Posted in Alumni, Financial Management, Meetings

On April 21, 2015 Corey Baker a graduate of the class of 1998 returned to Stonehill to talk to students about his job as Senior Director of Finance at PepsiCo, the second largest food and beverage company in the world.  Baker spoke about his transition form Rolex where he spent 7 years, to “the more fast paced and dynamic” Pepsi Co.  He spoke about his position with Tropicana one of Pepsi’s many segments.  Contrary to many students knowledge Pepsi owns a wide array of product lines including Quaker oats, Captain Crunch, Cheetos, 7-up, Gatorade, and many other segments.  He highlighted that you don’t just make the orange juice, you sell the brand to the customers while sustaining a solid business environment. Baker also highlighted that Pepsi was honored as one of the best places to work.  One of bakers main points high drove home to students was “performance with a purpose” highlighting giving back to the environment.  Many students were curious about the company’s approach to branding, Baker responded about the company’s focus on the millennial generation.  Students took a lot from the talk and are hopeful he can return again.

FMA Visits Boston Beer Company

04.19.2015 · Posted in Meetings, Stonehill FMA, Uncategorized

Picture1On Friday April 10, 2015, the Financial Management Association did a corporate visit to the Boston Beer Company (and its Samuel Adams Brewery) in Boston. It was a very educational experience on the operations and inner workings of one of the world’s most award winning beer companies. The tour began with a brief history lesson on the company and how it all started in Jim Koch’s kitchen in 1984 when he first brewed Boston Lager. Our group was then given the opportunity to taste test the different types of barely that go into making the beer as well as examining the hops. (photo below). This allowed our group to truly understand what went into the beer consumers drank, where it came from, and the process the Samuel Adam’s company goes through in picking its suppliers. The description of the beer making process quickly ensued, learning about the different processes needed such as fermentation, mashing, milling and many other steps.

The last section of the tour was the taste testing of the beers for those of age, including Summer Ale, Boston Lager, and a trial IPA not yet released to the market. Upon the distribution of the trial IPA we came to learn that the Boston factory is the trial factory. It has created over 60 different styles of beer over the last 31 years and continues this process every year. The Companies larger factories around the area produce the current offerings and send them to distributors and storefronts around the country.   The Boston factory is constantly researching and developing new styles of beer to sell to its consumers, explaining why they have such a large share of the shelves in liquor stores as well as a strong presence in bars all around. It also highlights the company’s relationship to its consumers, including both the drinkers and the storefronts that sell to them. Samuel Adam’s is notorious for its buyback program, a program in which if the beer is past its peak freshness date on the shelves, the company will buy it back from stores for its market value. This ensures that the customer is drinking the best product possible and that the stores and bars selling their product never lose money. Sam Adams is the only brewer with a cooperative program with its distributors to buy back products past its peak freshness date. The high standards Sam Adams sets with the ingredients that go into the product, the long testing process of new beers, and the buyback program illustrate how committed they are to selling the best product possible. This process could be seen as part of the reason the company’s stock has done so well in the last 10 years, rising from $23.70 in 2015 to $262.99 as of April 14, 2015. High customer satisfaction, distributors never having sunk costs due to unsold or expired products, leading to distributors constantly keeping the company on the shelves, both highly promote sales growth.

This was a great experience for all who went to see the operations of a highly successful company and how it’s high standard operations process and customer consideration has impacted its growth and promise. We look forward to our next company trip in the fall, we highly suggest you attend.

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2015 FMA Honor Society Awards

03.24.2015 · Posted in FMA Honor Society, Uncategorized

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Congratulations from the College, Business Department Faculty and members of our FMA Chapter to the following students who earned induction into the FMA National Honor Society.  Finance Majors qualify for this special honor given in their senior year if they have maintained a GPA of 3.5 in at least 12 hours of finance courses as well as an overall GPA of 3.25.  Individuals accepted for membership in the Honor Society have the distinction of belonging to the only International honorary that specifically recognizes the achievement of Finance majors and demonstrates their expertise in areas such as financial economics and decision making.

         Daniel Doherty         Jeffrey Genest

Stephen A. Balsamo        Daniel J. Doherty              Jeffrey P. Genest

Daniel Greaney          Carolyn Moodie    

Daniel J. Greaney          Carolyn A. Moodie      Theodore C. Palumbo

Amy Pelletier       Jim Scanlan

  Amy M. Pelletier               James J. Scanlan

Congratulations for this wonderful achievement!

“Lets Talk Money” Well Attended

02.28.2015 · Posted in Alumni, Financial Management, Uncategorized

FMA Logo 2015Our FMA chapter co-sponsored with Beta Alpha Psi, the Accounting Association and the Marketing and Management Association the first annual Personal Finance Seminar entitled “Lets Talk Money”.  The two-hour event was meant for graduating seniors to inform and prepare them for the realities of dealing with personal finance issues such as budgeting, savings programs, 401(k)s, taxes, insurance and fraud.  The seminar was designed as an interactive discussion between our panel of experts, the student leadership panel and the student audience.  We estimate over 80 students came to the event on Saturday afternoon and, based on the electronic poling at the end of the event, believed it was a very worthwhile use of their time.  Our special thanks to the faculty, alumni and guest speakers that helped make the event a huge success.

T2 Biosystems Company Visit

12.05.2014 · Posted in Alumni, Uncategorized

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IMG_5842For our annual fall company visit, members of the FMA joined the analysts of the Herlihy Opportunity Fund and took the opportunity to visit T2 Biosystems (TTOO) located in Lexington, MA.  TTOO is an emerging growth in vitro diagnostics company that has developed an innovative and proprietary technology platform that is designed to offer a rapid, sensitive and simple alternative to existing diagnostic methodologies.  It is using a proprietary  T2 Magnetic Resonance platform, or T2MR, to develop a broad set of applications aimed at lowering mortality rates, improving patient outcomes and reducing the cost of healthcare by helping medical professionals make targeted treatment decisions earlier.  The company went public in the late summer of 2014 and is led by Stonehill Alum and CEO John McDonough and garnered FDA approval of its first test for sepsis.  Students participated in a 2-hour presentation / Q&A discussion about this technical but very interesting product opportunity for the company.