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
 
 
Spring 2012Vol 3, Issue 1
Director's Message

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.

 

Occasionally I am asked "what's the ROI on using interns?"

Here are some of the benefits:

  • Interns bring new thinking to bear on old problems -- interns see trees where the business may only see forests.
  • Interns give businesses the ability to accomplish "extra" projects - things the business wants to do, but their regular staff doesn't have time to accomplish.  
  • Interns free a business's regular staff for projects/task that only they can do - interns also learn from busy work. 
  • Hiring an intern creates the opportunity to engage with Longwood's Business and Economics faculty on internship projects. Businesses may then want to engage faculty members directly on projects.  
  • Interns are required to have their internships approved by a supervising faculty member - our faculty insists that student interns be engaged in meaningful work, otherwise the internship won't be approved for academic credit. 
  • Students pay tuition to take their internships, and they can't graduate until they have successfully completed an internship. Our students have some "skin" in the game, so they expect to be challenged and to learn from the internship experience.  
  • Hiring an intern allows a business to "test drive" potential new employees. Over 40% of the College of Business & Economics' graduates go to work for the companies they interned with. 
  • Hiring an intern creates the opportunity for businesses to "pay-it-forward" - to share business knowledge and help mold tomorrow's leaders.

Hiring an intern for your business is a "Win-Win" proposition for everyone.

 

William Baxter

Director

McGaughy Internship & Professional Development Center
In This Issue
CBE Internships
Employer's Corner - Wells, Coleman and Company, L.L.P
Internship Seminar - Company Opportunities
From Intern to Employee - Austin Gray
Internship Success - Asia Stroud

Quick Links

Guest Speaker - Brad Watson

 

Brad Watson, Senior Vice President of Davenport & Company in Farmville, VA, spoke to a personal finance class at Longwood University.

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, but 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 - Wells, Coleman and Company, L.L.P.
Wells, Coleman's "Longwood population" currently includes four full-time professional staff; Becky Tres ('93), Nick Kinsler ('08), Tonya Futrell ('02), and Tammy Herlinger ('93). 

Wells, Coleman and Company, L.L.P., is a local accounting firm of twenty-two professionals located in Richmond, Virginia. Our firm serves a broad spectrum of clients, both businesses and not-for-profit organizations. We provide a variety of services, including audit, tax preparation, and small business consulting.

 

Since 2007, Wells, Coleman has hosted three Longwood University students as summer interns. Our first Longwood intern was presented with the Outstanding Internship Award by the College of Business and Economics and joined the firm upon graduation. Other past interns have secured positions with the United States government and in the public accounting sector.

 

Our firm's representatives continue to be impressed with the quality of the university's internship fairs and the resources provided by the Career Center. Beyond referring potential interns to our firm, the Career Center has provided our firm with assistance referring potential staff accountants and scheduling on-campus interviews.

 

The internship program has created a "win-win" scenario for both our current full-time staff and student interns. Our staff members are given the opportunity to work with interns as mentors and supervisors, while our interns are provided with "real-world" on-the-job training that fulfills their internship requirement and provides valuable work experience in their field. A typical six-week internship experience with our firm includes time spent assisting with audits and instruction regarding preparation of basic tax returns. Our clients and senior staff have complimented Longwood's interns on their professional mannerisms, work ethic, and enthusiasm for their work.

 

Wells, Coleman's "Longwood population" currently includes four full-time professional staff; Becky Tres ('93), Tammy Herlinger ('93), Tonya Futrell ('02), and Nick Kinsler ('08). Our Longwood alumni are committed to continuing their relationship with the university by volunteering as mentors to accounting students and remaining involved with the College of Business and Economics. We welcome students to visit our website at www.wellscoleman.com or to contact us directly.  

Internship Seminar - Company Opportunities
Would you like to promote your company to our students?  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), we encourage featured companies to present their unique internship opportunities.  We further enrich each 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 - Austin Gray
Austin Gray
Austin Gray 

Capital One Internship

 

Capital One is a diversified bank that offers a broad array of financial products and services to consumers, small businesses and commercial clients.  As one of the nation's top 10 largest banks, Capital One serves banking customers through branch locations in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia.  A Fortune 500 company, Capital One has one of the most widely recognized brands in America. 


During my internship with Capital One, I worked on two projects.  The most significant dealt with the simplification of infrastructure in IT for mail-in credit card applications.  This project was accepted and implementation was to begin in October 2011. It was estimated that in its first year of use it would save the company over $1 million.  During my internship, my responsibilities dealt with being a valuable asset to my team. Any project or daily task that arose within the team, I was asked to provide assistance, along with working on my own projects. 

 

Because of this internship, I learned that accounting is incorporated into every business decision.  It was also interesting to see accounting used in real life situations rather than just in a textbook or on worksheets.  Capital One is a company that prides itself on work-life balance. During my internship, Capital One sponsored several outings -- dinners, trips to Busch Gardens, tickets to Richmond Squirrel baseball games, and even free movie tickets.  The parts of the internship I enjoyed most were the high levels of responsibility I was given and the people I met and worked with.  It was a tremendous experience and I appreciate Capital One giving me the opportunity to be a part of their internship program.

 

During my internship, I was a System Specialist for the Customer Application Resolution Engine (CARE) team and received an offer to come back to Capital Once after graduation in this position.  However,  another position became available and after being interviewed I was offered a position with their prestigious entry-level program, the Finance Rotation Program (FRP), which I accepted.  Capital One is a tremendous company and my internship was a great learning experience both professionally and personally.  I could not have been as successful as I was in my internship without the help of my manager, Rob Fleet, and the rest of my coworkers within the CARE team.  

Internship Success - Asia Stroud
Asia Stroud
Asia Stroud
My Internship Experience with Strange's Florist

 

Strange's Florists, Greenhouses, and Garden Centers has been in operation since the early 1930's with four locations in Richmond, Virginia and is that area's most prominent florist and garden center. It is one of Virginia's largest greenhouse growers, and one of the largest retail garden centers in the United States. Strange's ranks among the top 25 by the Florist Transworld Delivery (FTD). 

 

William J. "Bill" Gouldin, Jr. ('06), is the president and CEO of Strange's Florists and a member of the Corporate Advisory Board of Longwood's College of Business & Economics since it was established in 1992.  For my internship, Mr. Gouldin was my supervisor and he provided me with the steps I'll need to take to pursue a career in the business world.  As a business major with a concentration in accounting, I received hands-on training during my internship which allowed me to utilize the knowledge I have gained while enrolled at Longwood University.  During this experience I became aware of my many strengths and weaknesses, all of which I plan to work on.  I was given many new projects and was responsible for completing each task and reporting the outcome to Mr. Gouldin.  When I began my internship I found that Strange's has a cohesive work environment which made my arrival quite inviting.  
 

This internship was an eye-opening experience because it allowed me to apply my knowledge of the accounting field, while also allowing me to utilize my computer skills.  It also gave me the needed reassurance that I have entered the right field of study and I am excited and look forward to my future.  Because of this internship with Strange's I can now say that this is where I fell in love with accounting. 

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