Interning in . . .
               
THE REAL WORLD

McGaughy Internship & Professional Development Center  
COLLEGE OF BUSINESS & ECONOMICS, LONGWOOD UNIVERSITY  
A newsletter for internship partner companies, friends, faculty and students
 of the College of Business and Economics of Longwood
 
 
Summer 2011Vol 2, Issue 3
Director's Message
Belgrade

Belgrade, Serbia

The McGaughy Center's Internship program continues to play a significant part in Longwood's College of Business & Economics' preparation of tomorrow's business leaders.


The summer of 2011's internship cohort is shaping up to be one of the most diversified internship groups in recent history. The McGaughy Center is currently overseeing 85 student interns who are collectively taking 166 hours of credit for their required internships. Here are some of the things that make this cohort unique: 

  • Geographically, our interns are working in distant locations such as Belgrade, Serbia; San Antonio, Texas; San Fernando, California; Kettering, Ohio; Haverhill, Massachusetts; Warsaw, New York; Vancouver, Washington; and Boca Raton, Florida. They are also working in traditional locations throughout the mid-Atlantic region. 
  • Job diversity is a watchword with this summer's internship cohort. 

Many students are interning with familiar companies   such as Sherwin-Williams, Capital One, Northrop Grumman, Northwestern Mutual Financial Network Target, GE Capital, The Washington Post, Long & Foster, Phillip Morris International Management, LLC, Stranges Florist, and Valpak of Central Virginia.

 

There are also some perhaps non-traditional companies employing our interns: The National Crime Prevention Council; The U.S. Army Family Morale, Welfare & Recreation Command; The Virginia Maritime Association; The US Marshals Service; The Virginia Department of Professional and Occupational Regulation; and the National Academy of Science's Institute of Medicine.  

  • The College of Business & Economics' interns are involved in government: the Richmond City Assessor's Office, Henrico Recreation & Parks, the Prince Edward County Administrator's Office, the Prince Edward County Economic Development Office, and the Stafford County Commissioner's Office.
  • Small businesses are employing our interns to bring fresh thinking to their companies: Kitty Hawk Kites, Sisterhood of the Traveling Glasses, Salmon Creek Botanicals, Breeden Heating and Air, and Cornerstone Equestrian.
  • Non-Profits are utilizing our interns: Children's Museum of Richmond, Lorton Arts Foundation, The American Cancer Society, The March of Dimes, and MCNC (North Carolina's K-20 education community). 
  • Financial institutions are engaging our interns: Navy Federal Credit Union, 1st Advantage Federal Credit Union, Five Star Bank of Warsaw, NY; and American National Bank and Trust.
  • Recreational and sports organizations are utilizing our interns: Indian Creek Yacht Club, Water Country USA, Ocean Atlantic Event Rentals, Belhaven Waterway Marina, Hidden Creek Country Club, Richmond International Raceway, Fantasy Sports Entertainment, Kitty Hawk Kites and The San Antonio Scorpions professional soccer team.

The majority of our interns will be starting their senior year this fall, and they are bringing a wealth of experiential learning to their final undergraduate year at Longwood University. They have combined classroom scenarios with real world situations and will never look at any business situation without remembering these experiences. 

 

William Baxter

Director

McGaughy Internship & Professional Development Center
In This Issue
Professional Dining Etiquette
CBE Internships
Employer's Corner - Federal Reserve Bank
Internship Seminar - Company Opportunities
From Intern to Employee - Kathleen Elliott
Internship Success

Quick Links

Professional Dining Etiquette

Etiquette Dinner Photo 

Students prepare for Professional Dining Etiquette class.

 

Ellen Masters, associate director of the Academic and Career Advising Center, taught a Professional Dining Etiquette class this summer for the College of Business & Economics.

"Etiquette is a standard of behavior and is often associated with your level of sophistication," states Ms. Masters. "Hiring decisions may rest on your dinner performance; therefore learning proper dining etiquette helps you build confidence, helps you avoid embarrassing mistakes, and helps you make a lasting good impression. Learning about dining etiquette also helps you focus on the business at hand and not focus on which fork to use or how to take an olive pit out of your mouth."

The following topics are covered in this class:

Purpose / Benefits / Invitations / RSVP / Proper Dress / Before You Arrive (turn cell phones off, take off hats, etc.) Approaching the Table (Seating, Handshake Introductions, Nametags) / Ordering/Food Selection (including beverages) / Table Setting (including napkins) / Eating & Eating Styles / Passing & Serving - Wait Staff / Conversation / Excusing Yourself / Payment & Tips / Thank You Notes. 

CBE Internships
Internships are an important educational requirement for all College of Business and Economics students.  They are carefully monitored and evaluated for academic credit, ensuring that intentional learning objectives are structured into the experience.  In addition, each internship includes opportunities for observation, reflection, evaluation and assessment.

An internship must be at least 80 hours in duration, may be either a part-time or full-time experience and may be paid or unpaid. The flexibility of these requirements helps balance the needs of both the student and the internship host company.
Employer's Corner - Federal Reserve Bank
Federal Reserve

Federal Reserve Bank representatives Kameron Booker, Susan Maxey, Maraget Vadas, and students Stephanie Roddenberry and Taylor Hines spoke at a recent internship seminar.

The Federal Reserve Bank (Fed) of Richmond was the featured company at a recent McGaughy Center internship seminar. The Richmond Fed is one of twelve Federal Reserve Banks that make up the Federal Reserve System.  The Richmond Fed regionally includes Virginia, Maryland, the Carolinas, the District of Columbia, and most of West Virginia.

As the nation's central bank, the Federal Reserve sets monetary policy, supervises and regulates member financial institutions and provides an array of financial services.

 

Federal Reserve Bank of Richmond representatives Kameron Booker (Senior Manager, Supervision, Regulation and Credit/Operations and Staff Development), Susan Maxey (Senior Bank Research Analyst), alum Margaret Vadas (Staff Development Specialist), and Longwood University CBE students Taylor Hines and Stephanie Roddenberry (who completed internships with the Fed) spoke at the recent internship seminar.  

 

Summer internships at the Fed typically last 10 to 12 weeks and involve paid, on-site work.  Students complete tasks or projects designed to give them a broader understanding of a business or occupational area.  The Richmond Fed creates a positive experience for student interns by including opportunities to interact with management and develop the range of skills needed to succeed in business. 

Internship Seminar - Company Opportunities
Students begin the internship process with a compulsory internship seminar where they learn the details and requirements of the program.  They are also introduced to a featured company whose representative(s) elaborate on internship opportunities. 

 

During our four Internship Seminars each academic year -- two in the spring and two in the fall --featured companies present their unique internship opportunities.  We enrich each featured company's Longwood experience with a full, productive and involved day on campus where they:      
  • are given 15-20 minutes in multiple classes to tell their story to CBE students.
  • are given 20 minutes (+/-) to tell their story at the beginning of the afternoon Internship Seminar.  Typically there is a lot of interaction with students at these seminars and company representatives usually leave campus with a number of qualified resumes, both for internships and for post graduation jobs.
  • go on a student conducted tour of Longwood's Farmville campus (another chance to interact with students).
  • have the benefit of an informal lunch with the business school's student leadership and selected faculty. 
If your company offers internships and would like to participate in one of our seminars, we'd like to hear from you. 
From Intern to Employee - Kathleen Elliott
Kathleen Elliott Photo

Kathleen Elliott 

Northwestern Mutual Financial Network Offers Sucessful Internship  

 

Northwestern Mutual Financial Network serves the insurance and investment needs of more than three million clients. It is the nation's largest direct provider of individual life insurance and ranks 112 on the Fortune 500 list of America's largest corporations with $180 billion in assets. Northwestern Mutual has helped clients achieve financial security for more than 150 years.


During my internship with Northwestern Mutual I gained valuable insight into what it takes to succeed in the marketing industry. My primary job responsibilities were related to the establishment and development of a contact program with "A" list clients. I also worked on a project geared to increase referral numbers by promoting college internships and full time representative opportunities within the company. My favorite project was my client appreciation idea of designing post cards featuring photographs of a client participating in a triathlon. The client had provided the photographs to our office and when he met with his financial advisor the post cards were presented to him as a gift. Northwestern Mutual is a company that utilizes excellent client appreciation, which helps retain and bring in new potential customers.

As a result of my internship, I now have a better understanding of what it is like to be part of a fast-paced working environment. Throughout the internship I was treated as an employee, given specific tasks, and allowed to independently exhibit some of the business skills I learned while at Longwood.  My Business Communications class helped prepare me for this internship by teaching me how to construct a strong resume and cover letter. The class also conducted mock interviews and taught interview skills that were beneficial.

At the end of the internship I was offered a position with Northwestern Mutual, which I gladly accepted. Now as an employee with Northwestern Mutual, I will take the experience and lessons gained from my internship and use them in my new position.

Internship Success 
David Palisano

David Palisano 

Great Learning Experience with Philip Morris International

 

Philip Morris International (PMI) is an international tobacco company, with products sold in over 160 countries. In 2007, it held a 15.6% share of the international cigarette market outside of the USA and reported revenues net of excise taxes of $22.8 billion and operating income of $8.9 billion. With its Operations Center based in Lausanne, Switzerland, it owns 7 of the top 15 brands in the world and has a mix of international and local products, which are produced in more than 50 factories around the world. PMI employs 75,600 people worldwide.

 

PMI is a very established and diverse company to work for. During my time there I was given the opportunity to apply a lot of information learned in the classroom. As a business major with a concentration in accounting, Intermediate Accounting II and Computer Information Management Systems helped me tremendously with my internship.  Some of my responsibilities included:  monthly closing of the general ledger and preparing analyses as needed, recording retention parameters for financial data, and preparation of monthly schedules. These responsibilities allowed me to gain experience in many different fields.


There were several parts of my internship that I really enjoyed:  working with and developing relationships with employees from Argentina, Poland, and Canada; learning how business is done on an international level; and having my own computer and office. Of course I can't leave out the fact that every Friday we had free Einstein bagels and every day we had unlimited sodas in the break room.

This internship exceeded my expectations. This was a great opportunity to be exposed to the business world. My internship was a challenging and valuable experience.

Our newsletter is designed to keep our internship partner companies, friends, faculty and students informed of the latest happenings in the McGaughy Internship & Professional Development Center.  Please contact me if you have any questions or comments. 

 

Nancy Postans, Editor
Internship Coordinator
McGaughy Internship & Professional Development Center 
434.395.2878