Elzinga Flash Seminar

Feature | 09/25/2018

The Secret to Standing out in Interviews Is Almost Too Obvious

Impressing a stranger, standing out from the competition, earning an offer—these are all challenges, even for an experienced professional who should be a perfect fit.

Why?

Because the higher up you climb on the ladder, the more you’re competing against candidates with similar impressive experiences and qualifications.

As a CEO and interviewer for many years, I’ve met so many great people I ended up passing on.

So, your next question is probably, “Well, then how do I stand out?”

Here’s the big secret that has nothing to do with your resume bullet points: Your strongest selling point, your best competitive edge, is yourself. Truly—no one can copy that.

How do you show who you are over the course of a job interview? Try the following approaches:

 

1. Knock “Tell Me About Yourself” Out of the Park

I ask this question at the beginning of every interview (and so do many, many other people in charge of hiring). Luckily for you, the typical response is generic and long—meaning you have the opportunity here to make yourself memorable.

Consider and practice your response before entering the room. Think of it like a book’s back-cover synopsis: You’re trying to excite and encourage the interviewer. You want her to want to learn more about you—aim to make him or her curious. (Bonus: Include something that isn’t on your resume because the element of surprise can spark additional curiosity.)

If you’re not specifically asked “Tell me about yourself” during the interview, be proactive and find a way to share your answer during the conversation.

 

Continue here: https://www.themuse.com/advice/this-secret-to-standing-out-in-interviews...

 

Edwin Burton

Feature | 01/16/2017

Thoughts on the 2017 US Economy: Prof. Ed Burton & Prof. Richard Evans (Darden)

Thoughts on the 2017 Economy from ECON Prof. Ed Burton (ECON 4340 & 4370), and UVA Darden School of Business Prof. Richard Evans.

Photo credit: Dan Addison, University Communications

Soccer

Feature | 09/12/2018

Econ Grads Soccer Match, a Yearly Tradition

It is a yearly tradition for current Econ graduate students to meet, greet, and challenge the incoming class to a friendly soccer game. Current students include Hunda 'Hazard' Kebede, Abiy 'The Ankle Breaker' Teshome and Joaquin 'El Matatopos' Saldain, among other stars. After this first dust-up, new students are invited to join the Econ Grad soccer mailing list and team. Though you couldn't tell from this picture, this 2018 game was a co-ed event, and we hope that in future years, more female students will participate!

 

 

Feature | 07/19/2019

Sarah Turner and PhD Candidate Emily Cook Publish Article on Effects of Universal College Testing

The study was referenced on June 25th in The Washington Post, Education Week, and The Atlanta Journal-Constitution; the abstract can be accessed using the following link: https://www.aera.net/Newsroom/Missed-Exams-and-Lost-Opportunities-Who-Could-Gain-from-Expanded-College-Admission-Testing

Elzinga Flash Seminar

Feature | 12/07/2018

Alumni Spotlight: David Neuman

Alumni Spotlight: DAVID NEUMAN, Principal at Trammel Crow Company

Why econ? Economics is a great way to learn the driving forces behind business and the economy. It teaches you the fundamental building blocks for markets and the financial system and a logical way to analyze problems and situations. I graduated from UVA with my economics degree in 1999.

 I now work as the Principal at the Trammell Crow Company. My job is to create value developing commercial real estate projects in the MidAtlantic region for my company’s stakeholders- those are the employees, tenants, residents, municipalities and communities in which we develop projects. I spend much of my time analyzing the relationship of risk and reward for specific development projects and, therefore, spend significant time quantifying and qualifying inherent risks of a project. 

Which economics course was influential and why?
They were all influential! Perhaps the most interesting and memorable, which may be surprising to some, was American Economic History because it gave real examples of the causes of economics forces at motion and what happened in America when those forces dominated the economy (e.g., the Depression, inflation). Economic cycles are inevitable and learning from the past is the best way to prepare for future cycles.

Some advice for current students?  

  • Don’t stress about formulas, small facts or trying to memorize things- focus on understanding the concepts. If you focus on the concepts and remember those concepts, that is how you change your way of thinking and become a smarter person. 
  • When nearing graduation, it’s easy for students to fall into a trap of what they feel they “should do”, such as traditional fields like consulting or banking, however, if that student doesn’t enjoy that field, then how can one have a long, fruitful career doing it? Further, perhaps a student’s core strengths don’t favor that field. Therefore, finding a career path that’s enjoyable and values that student’s strengths is essential.
  • I got C’s in both ECON 201 & 202! So, keep at it and keep positive!  

Feature | 09/20/2019

2019 Orientation of New Students

We are delighted to welcome the 2019 cohort to the graduate program. Their rigorous orientation included the ritual Econ Grad Soccer Match and Welcome Party, pictured below. The soccer match, where current and new students go head to head, had a particularly fine turn-out iboth in the number of players and the number of women who participated (yes!). Even Admissions Director, Professor Cosar (and new father), jumped in. 

Grad Conference

Feature | 10/27/2016

First UVA Economics GRAD Conference

 

UVA Economics Gatherings for Researchers with Advanced Degrees (GRAD) hosted the First Economics GRAD alumni conference in September 2016.  It was a wonderful weekend, drawing alumni who graduated as far back as 1992 and those who just received their PhDs this spring. 

The conference presentations covered a wide range of topics, from Daniel Wilson’s (BA 1995) research on how star scientists choose where to live, to Devesh Raval’s (BA 2005) presentation on the influence of distance on medical provider choice.  The keynote speaker, Derek Neal (PhD 1992), gave a fantastic workshop on his new paper coauthored with Gadi Barlevy, “Allocating Effort and Talent in Professional Labor Markets.”

Following the research sessions the alumni, their guests, several UVA faculty members, and current students enjoyed a cocktail reception in the Monroe Hall courtyard and dinner on The Lawn.  Saturday was a more casual day, with many groups of alumni getting together to revisit old haunts in Charlottesville and discover all the new additions, before meeting for a picnic in the gardens and then heading over together to the Hoo’s football game.

It was a great weekend.

We hope that you will be able to join us next fall for our second conference.  If you would like to get involved or learn more about UVA Econ GRAD - please take 2 minutes to fill out our survey at www.uvaecongrad.com/get-involved, or contact us at Virginia.Econ.Grad@gmail.com.

Best,

Everett Grant (Ph.D. 2015), Federal Reserve Bank of Dallas

Bill Johnson (M.A. 2013), University of Virginia

Jeff Schafer (M.A. 2012), University of Virginia

 

                          

Elzinga Flash Seminar

Feature | 04/05/2018

ARTICLE - TIPS FOR NETWORKING AS AN INTROVERT

"So… being an introvert does NOT mean you don’t have social skills. As career development folks, we all know this, right? Right. However, it does mean that for many of us, being around lots of people at one time can be draining. I am what you might consider an “expressive” introvert, so I am often mistaken as an extrovert." -Tiffany I. Waddell

 

Click here to read the rest of the article.

Elzinga Flash Seminar

Feature | 10/14/2019

2019 UVA Symposium on Financial Economics - November 8th & 9th

 

2019 UVA Symposium on Financial Economics

 

 

 

Friday November 8th (Darden CLA 160)

 

8.30-9.30: Continental Breakfast and Registration
 

9.30-9.45: Opening Remarks

9.45-10.45: “Conflicting Priorities: A Theory of Covenants and Collateral”

Jason Donaldson (Washington University in St. Louis and CEPR) Denis Gromb (HEC Paris)

Giorgia Piacentino* (Columbia Universit,  CEPR, and NBER) Discussant: Marco Cipriani (Federal Reserve Bank of New York)

 

10.45: Break

11.00-12.00: “Information Spillovers in Debt Auctions”

Harold Cole (University of Pennsylvania)

Daniel Neuhann* (University of Texas at Austin) Guillermo Ordonez (University of Pennsylvania)

Discussant: Alex Vardoulakis (Board of Governors of the Federal Reserve System)

 

12.00-1.30: Lunch
 

1.30-2.30: “Monetary Policy, Redistribution, and Risk Premia”

Rohan Kekre (University of Chicago, Booth School of Business) Moritz Lenel* (Princeton University)

Discussant: Gregory Phelan (Williams College)

2.30: Break
 

2.45-3.45: “Credit Cycles with Market-Based Household Leverage”

Will Diamond* (University of Pennsylvania, Wharton)

Tim Landvoigt (University of Pennsylvania, Wharton and NBER) Discussant: Kieran Walsh (UC-Santa Barbara)

 

3.45: Break and Shuttle to Monroe Hall for Policy Panel

 

4.15-5.45: Policy Panel “Getting Ready for the Next Financial Crisis” Location: Monroe Hall 124

Robert Bruner (University of Virginia, Darden School of Business) Jeffrey Lacker (Virginia Commonwealth University)

Eric Leeper (University of Virginia, Department of Economics) 6.00: Reception and Dinner at The Colonnade Club.

 

Saturday November 9th (Department of Economics, Monroe Hall 124)

 

8.00-8.30: Continental Breakfast

 

8.30-9.30: “Strategic Fragmented Markets”

Ana Babus* (Washington University in St. Louis)

Cecilia Parlatore (New York University, Stern School of Business) Discussant: Nina Boyarchenko (Federal Reserve Bank of New York)

 

9.30: Break
 

9.45-10.45: “Optimal Deposit Insurance”

Eduardo Davila* (Yale University and NBER)

Itay Goldstein (University of Pennsylvania, Wharton) Discussant: Huberto Ennis (Federal Reserve Bank of Richmond)

10.45: Break

 

11.00-12.00: “Heterogeneity and Asset Prices: A Different Approach”

Nicolae Garleanu (UC-Berkeley Haas and NBER)

Stavros Panageas* (UCLA Anderson School of Management and NBER) Discussant: Alexis Toda (UC-San Diego)

12.00: Break
 

12.15-1.15: “How I Learned to Stop Worrying and Love Fire Sales”

Pablo Kurlat (University of Southern California)

Discussant: Anton Korinek (UVA) 1.15: Lunch and Adjourn

Organizing Committee:

Ana Fostel (University of Virginia, Department of Economics)
Kinda Hachem (University of Virginia, Darden School of Business)

Time allocation for each paper:

Presentation: 40 minutes

Discussion: 15 minutes Open Discussion: 5 minutes

Feature | 05/01/2020

Devaki Ghose Wins Graduate Student Award at EIIT Conference

In October 2019, Devaki Ghose won the Graduate Student Award at the 2019 Empirical Investigations in International Trade Conference for her paper "Trade, Internal Migration, and Human Capital: Who Gains from India's IT Boom?" A link to past student prize winners can be found here, https://www.freit.org/EIIT/2019/GradComp.php .

India Climate

Feature | 06/17/2015

Dowry Killings in India

"As monsoon season arrives in India, the nation’s meteorological department has warned citizens to expect lower rainfall levels for the second year in a row, on the heels of one of the deadliest heat waves in history. The predicted drought could prove dangerous not only for India’s economy but also, according to one University of Virginia economist, for its female population.

Examining the effects of climate change in India, Sheetal Sekhri, an assistant professor of economics, found that decreases in rainfall are correlated with increases in domestic violence and with dowry killings, in which a husband (and his family) kills his wife so that he can remarry and obtain new dowry payments.

According to Sekhri’s study, one standard deviation decrease from long-term average rainfall correlates with approximately an 8 percent increase in dowry killings in the affected region." (Caroline Newman)

See the full article here.

Melissa Moore

Feature | 06/20/2018

Melissa Moore Elected VP of Graduate School of Arts & Sciences Council

The Graduate School of Arts and Sciences Council (GSASC) represents the interests of graduate students at University of Virginia. As GSASC’s Vice President of Administration, 4th year Economics PhD student Melissa Moore helps run the council and organize events for GSASC. Melissa was elected to the Vice President position this May, after serving for a year as the Initiatives Committee Co-Chair. In that position, Melissa led a review of funding issues affecting graduate students at UVA and helped kick-start a GSASC Research Grant program. In Spring 2018, the GSASC Research Grant provided grants of up to $1,000 for ten students in the graduate school, including Economics student Emily Cook. Graduate students will continue to have the opportunity to apply for the grants every semester.  When asked why she, as a busy graduate student, would seek out this additional responsibility, Melissa explains that “serving on GSASC has helped me become connected to the university community. I’ve been able to meet graduate students from other departments and learn more about the administration of a research institution. I think it’s important for graduate students to have a voice at the university and I’m happy to contribute my time towards furthering that goal.”

Feature | 08/06/2019

Diego Legal-Cañisá Presents at 9th European Search & Matching Network Conference

In May 2019, Diego Legal-Cañisá presented his JMP on "Unemployment Insurance and Consumer Bankruptcy" at the 9th European Search & Matching Network Conference in Oslo, Norway, attended by prominent researchers  such as Espen Moen, Guido Menzio, and Rasmus Lentz. Diego says the data shows that Chapter 7 bankruptcy rates across counties and Unemployment Insurance (UI) generosity are negatively correlated. This fact suggests that Chapter 7 bankruptcy and UI are substitute programs and raises the question about the implications of consumer bankruptcy for optimal UI. Diego constructed a model matching main statistics regarding the U.S. unsecured credit and labor markets, including the main features of Chapter 7 Bankruptcy and UI. The model successfully accounts for the negative relationship between bankruptcy rate and UI generosity observed in the data. In the model, for low levels of UI, a more generous UI reduces bankruptcy and allows more debt. As UI keeps increasing, employment falls and lenders react by contracting credit supply. From an ex-ante welfare perspective, an increase in the replacement rate from 50% to 60% is welfare reducing when bankruptcy is allowed but would be welfare increasing without bankruptcy.

 

 

 

Sarah Turner

Feature | 01/29/2019

Sarah Turner researches the "unintended consequences" of universities' focus to enroll more low-income students

John Pepper

Feature | 02/07/2017

Prof. Pepper et al.: Decade long study on Virginia Mental Health Services

Research gathered by several collaborators, including UVA Prof. John Pepper, former UVA Prof. Steve Stern (SUNY Stony Brook), and ECON Grads: William C. Johnson, Michael LaForest, Brett Lissenden. Part 1: https://news.virginia.edu/content/what-economists-learned-tracking-services-virginians-mental-illness  Part 2: https://news.virginia.edu/content/more-66000-virginians-arent-getting-crucial-mental-health-services-study-finds

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Feature | 08/24/2017

ECON Grads at the 6th Lindau meeting on Economic Sciences

Graduate student Devaki Ghose was selected among young economists through a combination of written application and interviews to be a panelist alongside Eric Maskin (Nobel Laureate, Economics) and Howard Yana Shapiro (Chief Agricultural Scientist, Mars Incorporated) to discuss economic inequality in a globalized world on August 24th.

 

The panelists first discussed their views on economic inequality, solutions and then the forum was open to questions from the audience. The following articles cover the event-

http://www.lindau-nobel.org/blog-the-puzzle-of-global-inequality/

https://www.linkedin.com/pulse/fighting-economic-inequality-through-food-supply-chain-shapiro

http://blog.worldagroforestry.org/index.php/2017/08/28/fighting-economic-inequality-through-the-food-supply-chain/

 

ECONGrads Cailin Slattery and Ia Vardishvilli also participated in the conference.

Ia presenting her work to laureates (you can see Pissardes in the picture).

Cailin with the other NSF sponsored students at a lunch with two laureates (standing next to Prescott).

Elzinga Flash Seminar

Feature | 12/22/2016

ARTICLE-THINGS YOU SHOULD REMOVE FROM YOUR RESUME IMMEDIATELY

"Hiring managers rarely have the time or resources to look at each résumé closely, and they typically spend about six seconds on their initial fit/no fit decision. If you want to pass that test, you need to have some solid qualifications — and the perfect resume to highlight them."-Tayyiba Iram

Click here to read the rest of the article

Elzinga Flash Seminar

Feature | 10/02/2017

ARTICLE - 6 SIMPLE JOB SEARCH TIPS PEOPLE ALWAYS FORGET

"The irony of job search advice: There’s so much available that you don’t have to spend more than four seconds Googling before you land on some nugget of wisdom or another." - Jenny Foss

Click here to read the rest of the article.

Elzinga Flash Seminar

Feature | 08/24/2018

Opportunity to Attend Davos and the World Economic Forum!

The Credit Suisse Research Institute (CSRI) Academy Challenge is underway and we didn’t want your candidates to miss out on an outstanding prize:

This year's winner will get the incredible opportunity to take part in the Credit Suisse Event at the 2019 edition of the World Economic Forum in Davos, Switzerland where you can engage in discussions on the most pressing global issues with the world's top leaders.

 

The CSRI Academy Challenge is set over 2 stages and open to all university students and recent grads interested in shaping the global agenda.
See all the available prizes here. Enter stage 1  of the Challenge until September 30!

Elzinga Flash Seminar

Feature | 10/17/2016

From Vault: Prestigious Internships

"Today, Vault released its annual ranking of the 50 Most Prestigious Internships. This year, the ranking was based on a survey of more than 11,000 interns and former interns at more than 100 firms. Our survey asked interns to rate the prestige of other employers in order to determine which internships are the most desirable." (Derek Loosvelt)

Elzinga Flash Seminar

Feature | 08/12/2016

A Must-Read for Job Seekers from the NACE

A Must-Read for Job Seekers from the National Association of Colleges and Employers (NACE)

Elzinga Flash Seminar

Feature | 11/01/2016

ECO NEWSLETTER 11.1.16

Opportunities off the Beaten Path

Recruiting Timeline

Turner

Feature | 01/13/2017

Influential Education Scholar and #3 Ranking!

Prof. Sarah Turner listed as one of the 9 UVA Influential Education Scholars, AND the ECON Undergraduate Program ranked No. 3 by College Choice!

Feature | 04/15/2018

4TH YEAR DEVAKI GHOSE, PRESENTS AT CEP IN GENEVA

In April 2018, 4th year student Devaki Ghose, presented a paper at a workshop--cohosted by the World Trade Organization (WTO), the International Monetary Fund (IMG), the World Bank (WB), and the Center for Economic Policy (CEP)--held at the WTO’s Geneva headquarters, titled Trade Policy, Inclusiveness and the Rise of the Service Economy. The workshop’s goal: to dig deeper into the question of how and to what extent services trade can benefit from removing barriers to trade and how these benefits can translate into positive societal outcomes. From a field of established presenters and authors, including many professors from prestigious universities, such as the London School of Economics and the University of Nottingham, as well as policy practitioners from international organizations such as the WTO, IMF, WB and the OECD, Devaki was one of 10 selected to offer a full 45-minute presentation. In her paper, “Did the Rise of Service Off-shoring and IT-Boom Change India’s Economic Landscape?”, she quantifies how the rise in the India’s IT industry, fueled by off-shoring demand from abroad, changed India’s growth story by looking at changes in educational outcomes, employment and wages; she also studies how this IT boom was fostered by the growth of engineering education in India. Devaki, who has previously presented at conferences and seminars at Dartmouth college, University of Nottingham, the Lindau Nobel Laureates Meeting and the Eastern Economic Association Conference, described the workshop as “a unique opportunity to present my work to both academicians and policy makers. I believe feedback from this audience will enrich my research and help me develop future collaborations with co-authors in my field.”

Elzinga Flash Seminar

Feature | 02/02/2017

ARTICLE-UNDERSTANDING THE FEDERAL HIRING FREEZE AND ITS IMPACT ON YOUR SEARCH

""For students who may be thinking about federal jobs and wondering how the hiring freeze impacts them, we want to highlight a few key points. The hiring freeze remains in place, with a longer-term plan to reduce the size of the federal workforce due from the Office of Personnel Management and the Office of Management and Budget by the end of April."-Dreama Johnson 

Click here to read the rest of the article 

Economics

Feature | 09/11/2018

Welcome to Our New Graduate Students

The UVA Department of Economics is delighted to welcome its incoming class of graduate students. The cohort of 20 students is equally divided with regards to gender. Fifteen of the 22 are international students, 9 of whom earned degrees at other universities in the U.S. Each student in the cohort has at least one previous degree in economics, if not two, and several had a second undergraduate major in math or statistics. They bring with them a wide range of real world experience: one student is completing a position as a Fulbright Scholar at the Free Market Foundation of South Africa; several have completed internships with places such as the Korea Economic Research Institute,  the Harvard Kennedy School of Government, and the Yale School of Management; and others have held professional positions--as economists, research assistants, or analysts--at organizations such as the Bank of Korea, the University of Wisconsin Hospital Emergency Medicine Research Group, the DC Federal Reserve Board, and the NERA Economic Consulting firm.

Devaki Ghose

Feature | 05/04/2017

16th CEPR Postgraduate conference at Nottingham

Devaki Ghose presents her paper "Identifying the Role of Vertical Linkage in Agglomeration: Empirical Evidence from India" on Thursday, May 4th, 2017 in University of Nottingham, UK.

Feature | 05/11/2020

COVID-19 infection externalities: Herd immunity versus containment strategies

At the centre of the debate on how to deal with the novel coronavirus is whether to aim for containment or herd immunity. A crucial factor in this decision is whether we are guided by individually optimising behaviour or by overall societal welfare, since COVID-19 gives rise to substantial externalities. This column calculates that while individuals perceive the cost of becoming infected to be $80,000 the true social cost is more than three times higher, and argues that public health authorities should use mandatory measures to account for these externalities. To ameliorate the costs of the trade-off, it is crucial to develop sufficient testing and tracing capacity so that untargeted lockdowns and the economic cost involved can be ended. 

Ruhm

Feature | 01/26/2018

Christopher J. Ruhm, Professor of Public Policy and Economics, finds availability at the source of the opioid epidemic

Elzinga Flash Seminar

Feature | 01/20/2017

ARTICLE- ARE YOU, LIKE, SAYING SOMETHING WITHOUT, LIKE, KNOWING THAT IT'S, LIKE, HURTING YOUR CAREER

"My bet is anyone born during the 1970s likely does it at least 10 times a day. Anyone born during the 1980s likely does it at least 20 times a day. And anyone born after 1990 probably has no clue that they do it close to 100 times a day. What I'm referring to is using the word "like," and using it incorrectly at that. And, like, it is not such a good thing. In fact, it is likely, like, hurting you in, like, interviews, meetings, and, like, pretty much any other work-related setting where you have to speak. Here's why: When you use the word "like" as a filler word or improperly, you typically come across as unengaged in what you're speaking about, unintelligent, nervous, indecisive, and as someone who's lacking a mastery of the English language."-Derek Loosvelt

Click here to read the rest of the article

Denis Nekipelov

Feature | 12/14/2015

The “New" Renaissance Man

Learn about what tech firms are looking for these days from Prof. Nekipelov (ECON 4720).

John McLaren

Feature | 10/06/2016

Interview: The Impact of NAFTA with Professor John McLaren

"UVA economics professor John McLaren, along with co-author and UVA graduate alumna Sushanik Hakobyan, recently published a study examining how NAFTA has impacted wage growth in the United States, breaking down results by industry and geographic area.

Looking to determine exactly where and how NAFTA has impacted American workers, McLaren and Hakobyan studied wage growth among employed workers by comparing census data from 1990 and 2000. They found that, while the majority of workers’ wages were not noticeably impacted, a significant minority experienced substantial reductions in wage growth that could be directly correlated with NAFTA.

UVA Today spoke with McLaren to learn more about what his data reveals." (Caroline Newman)

Read the full interview here.

Elzinga Flash Seminar

Feature | 09/05/2016

ECO NEWSLETTER 9.5.16

Awesome events and job postings for econ majors! This week's prep programs for Career Fairs!

Elzinga Flash Seminar

Feature | 09/17/2018

The 30 Best Tips to Prepare for an Interview

 

  1. Spend a few hours learning everything you can about the company—from as many sources as you can. Talk to friends and contacts, read current news releases, and, yes, spend some time on Google. Often, candidates just look at the information a company is pushing out via the website and social media, but fail to look more in depth at what others are saying. By doing so, you’ll get the larger picture about the company (along with any negative press).

     

  2. Get a sense of “who” the company is and how to embody a similar personality during your interview. Start by reading the company’s blog and Facebook page—the tone of the company’s content on these sites will speak volumes. Or, try reading individual employees’ blogs to figure out what type of people work (and excel) there...Click here for more: https://www.themuse.com/advice/the-ultimate-interview-guide-30-prep-tips...

Elzinga Flash Seminar

Feature | 01/11/2017

Article - 6 Signs that You're Living in an Entrepreneurial Society

In his landmark 1985 book, Innovation and Entrepreneurship, famed author and educator Peter Drucker wrote about an entrepreneurial society and its impact on economic development. “Entrepreneurship rests on a theory of economy and society,” he wrote. “The theory sees change as normal and indeed as healthy. And it sees the major task in society — and especially in the economy — as doing something different rather than doing better what is already being done.” What does it mean, then, to live in a society that is becoming more entrepreneurial? I see six major signs: Read more here...

 

https://hbr.org/2016/10/6-signs-youre-living-in-an-entrepreneurial-society?utm_source=twitter&utm_medium=social&utm_campaign=harvardbiz

ECO Career Forum

Feature | 03/08/2017

2017 Undergraduate Economics Career Forum

Economics alumni will return to Monroe Hall from around the country to share their career experiences with U.Va. students. Career panels will be moderated by Economics faculty.

Elzinga Flash Seminar

Feature | 08/12/2016

The Reality of Student Debt is Different from the Cliches

Matt Chingos and Beth Akers from The Brookings Institution, who participated in an Econmics Career Office panel in 2013, have published their piece about student debt.  You may find the piece in its entirety here.

Elzinga Flash Seminar

Feature | 08/12/2016

A Healthier Work Day to Improve Productivity

Read about how one company in Japan is encouraging it's employees to make healthy changes to improve their productivity. (you may need to log into Handshake to access this article). 

Elzinga Flash Seminar

Feature | 03/27/2019

5 Tips for Nailing a Phone Screen

I’m a millennial, and I hate talking on the phone. In other news, the sky is blue. It’s not that I’m afraid of talking on the phone—I do it. I just don’t like it. And I don’t like it because I find there’s a disconnect. In an email, you’ve got pretty much all the time in the world to get your point across, use the right words, and strike the right tone. And in person, you can read a person’s expressions and body language to get a sense of how the conversation is going, which is ideal in an interview scenario. A phone call has none of that—both you and your conversation partner are just disembodied voices.

The phone screen or phone interview is often the first hurdle that you need to clear in getting a job but, because you can’t really see how a person is responding to your conversation, it adds another layer of removal from the situation and thus another level of anxiety. Here, I’ll get into some ways you can set yourself up for success during a phone screen.

1. Housekeeping

No, don’t clean your house. (Although, in a Skype interview, you’ll probably want to do that—or at least the space directly behind you.) I just mean make sure you take care of all the nuts and bolts. Find a quiet space to take the call (i.e., kick your roommates or your kids out of the room), charge your phone, and make sure you’ve taken it off “Do Not Disturb” mode from the movies last night. I know this sounds like really simple advice that no one could possibly need reminding of—but have you ever forgotten to pack your deodorant for vacation? Exactly. So just double check—nothing could be more embarrassing than your phone going dead right as you’re saying that your personal motto is “Be prepared.”

2. Don’t Chew Gum. Do Take Names.

Listen up, hiring manager: I’m here to kick butt, take names, and chew bubblegum. And I’m all out of bubblegum.

I’m sorry, I had to fit that in here somewhere. For real, though—you better be all out of bubblegum during a phone (or any) interview. No gum, no food, and ideally no drinks, but I won’t make a hard-and-fast rule about it. The person you’re talking to can absolutely hear you masticating on the other end of the line, regardless of how sneaky you think you’re being.

And, to fully justify my reference, be sure to get the name and contact info of your interviewer. One, it makes it that much easier to follow up after the interview. And two, when you go in for an in-person interview, it’ll be nice to have that person’s name at your disposal rather than waiting anxiously for them to reintroduce themselves.

3. Use a Crib Sheet

It’s not cheating, it’s using your resources. This is one instance in which a phone screen is actually awesome—you can take as many notes as you want beforehand and, as long as you’re not rustling pages, you can reference them all you like. I do this constantly—I jot down the company’s important clients and business partners, the names of people in my potential department, and a little blurb about me for the dreaded “Tell me about yourself” question. For one, writing it all down makes me feel more prepared beforehand. But it also makes for easy referencing if my mind goes totally blank in the interview. Just make sure that if you do write out answers to questions, you’re not just reading off your notes. Think of them like index cards for a speech: They’re there to remind you of your main points, but you shouldn’t be entirely dependent on them.

4. Be Comfortable—Even If “Comfortable” Is a Little Weird

It’s probably for the best that I don’t make too many phone calls—I’d wear a meandering path in the floor of my apartment. It’s not even an anxiety thing, exactly. I just wander. If you’re a phone pacer, that’s fine—pace! Use wild hand gestures! Do what you gotta do to burn off nerves. I know it’s a little nerve-racking not being able to see your interviewer’s face, but they also can’t see you—take advantage of that.

That said, don’t get too comfortable. Even though your interviewer can’t see you, you should definitely get up, get dressed in something semi-professional, do your hair, and all that before taking the call. It’ll help you get into the mindset of making an impression.

5. Take Notes

Pencils ready, y’all. Remember what I was saying about taking down your interviewer’s contact info? You should also be writing down the main points of what they say. As the first step in the interviewing process, phone screens are often quite informative—this is your chance to get a good feel for the company, for the qualities needed in the position, for the personality of at least this potential member of your team, things like that. This is important info, and while you shouldn’t be hyper-focused on writing everything down, make sure you jot down the most important points. It’ll help you when you go in for the in-person interview—you’ll be able to demonstrate that you were listening, and you’ll know the notes to hit on the second round.

 

Read more here.

Elzinga Flash Seminar

Feature | 03/15/2019

Alumni Spotlight: Mike Shebat

Feature | 03/14/2019

Diego Legal-Cañisá, Participant in the new Initiative for Computational Economics (nICE)

Computational technologies are exploding in their ability to analyze complex scientific problems. In August 2018, 5th year PhD student Diego Legal-Cañisá attended the new Initiative for Computational Economics (nICE), organized by Kenneth Judd at Stanford's Hoover Institution, which focused on how these technologies could be applied to the analysis of economic problems. Diego (seen in the accompanying picture, seated in the second row, first from the left) cites the many benefits of participating in nICE: "It was an excellent experience where the state of art numerical methods and their application to economics problems were surveyed. I learned about some powerful software tools, I heard some of the leading experts in computational economics presenting the latest developments in the field, and most importantly, I presented my research--focusing on its computational aspects--and discussed it with top researchers and fellow graduate students from other universities."

Elzinga Flash Seminar

Feature | 10/10/2016

ECO NEWSLETTER 10.10.16

Resources Galore! Upcoming Events!

Graph for Mental Health

Feature | 01/13/2017

Three UVA ECON Grads Publish Paper with Prof. Steve Stern (Stony Brook)

Variation in mental illness and provision of public mental health services

Authors: UVA Grads: William C. Johnson, Michael LaForest, Brett Lissenden & Prof. Steven Stern (Stony Brook).

Published recently in Health Services and Outcomes Research Methodology, this paper is an expansion of a previous study by Professor Steven Stern which estimated the local prevalence of mental illness in the Charlottesville area. That earlier paper caught the eye of state senator Creigh Deeds, who recognized how useful it would be to have the analysis extended to the entire state of Virginia. Three Economics graduate students then helped Professor Stern estimate the prevalence of mental illness within 30 geographical regions in the state of Virginia. After accounting for insurance status, they were able to compare estimates of demand for public mental health services to supply of public mental health services in each of those 30 geographical regions. Over 66,000 uninsured and Medicaid-insured individuals in Virginia were found to be without public mental health services. The deficit varies locally, with several regions having no deficit and others having 5,000 or more untreated people. Though a large portion of the unserved people with mental illness are uninsured, many would be insured for mental health services through Medicaid if Virginia were to accept the Medicaid expansion associated with the Affordable Care Act. The paper's findings suggest that states can better serve populations relying on mental health care by allocating scarce public mental health dollars to localities reflecting their need. The co-authors' results have been presented to a Virginia Senate joint subcommittee on mental health. The chart below shows the deficit of mental health services across Virginia's Community Services Boards for three values of PSUs (primary sampling units).

 

 

 

 

Elzinga Flash Seminar

Feature | 08/12/2016

From the ECO: Networking Tips

How to plan your networking strategy.

Elzinga Flash Seminar

Feature | 10/24/2016

ECO NEWSLETTER 10.24.16

How to Navigate a Career Fair PowerPoint, Events, M.S. in Commerce Info Session, and this week's ECO alumni guest, Jeff Hansen!

Elzinga Flash Seminar

Feature | 04/01/2017

ARTICLE - HOW TO TURN YOUR INTERNSHIP INTO A FULL-TIME JOB

Click here to read the rest of the article. 

Elzinga Flash Seminar

Feature | 09/25/2018

Make a Powerful Interview Impact! (First Impressions Count!)

Elzinga Flash Seminar

Feature | 08/12/2016

What Percent of Interns Receive Full-Time Offers?

Vault recently released its Top Internship Rankings for 2016. These included a prestige ranking, an overall best internship ranking, a best internship for quality of life ranking, and several rankings by industy. The rankings were created from the results from our annual internship survey, which asked nearly 6,000 current and former interns to rate their internships, as well as their dream internship employers, in various categories.

In addition, the survey asked interns to tell us if they received or expected to receive a full-time offer at the end of their internship from their internship employer and, if so, if they were going to accept that offer (note: the survey was administered at the end of this past summer, when some interns were still interning).

(You may need to login into HandShake to access this article).

Elzinga Flash Seminar

Feature | 08/28/2019

How to Solve Business Problems Using Creativity

By: Lynda Shaw
Source: Forbes

Shutterstock

 

What comes into your mind when you think of creativity? An artist painting beautiful works of art? A designer with imagination and skills for contemporary architecture? An original thinker of the type lauded as a genius? Of course, creativity is all of these, but creative people also think of valuable and practical ways of doing things. They solve problems on a regular basis by employing creative thought.  That is the kind of creativity that is exceedingly helpful in business and an incredible transferable skill for anyone who can master it.

Social psychologist and cofounder of the London School of Economics, Graham Wallas developed a theory of a creative process that I think you may find useful. With observations some years earlier from Poincaré, a French mathematician, Wallas came up with a logical and practical template to harness the seemingly illogical unconscious thinking that can nevertheless be so illuminating and turn into the perfect solution to problems.

There are four steps to this model:

Step 1 – Preparation: Recognize the problem and find out as much about it as you can.  Consciously try to come up with an answer.

Step 2 – Incubation: Do something unrelated to the problem, think of something else and allow your mind to unconsciously work on the problem.

Step 3 – Illumination: It is during the incubation period that an unrelated event could give an answer, a sort of realization, an illumination.

Step 4 – Verification: At this point you check the solution you have come up with to see if it will work.

The "incubation" period is the interesting part and this has stimulated much debate over the years. It could be that the information you consider in the preparation phase has itself already undergone some unconscious processing. Some believe that unconscious thinking is faster than conscious thought, so is therefore more efficient in the incubation phase. Psychologists more recently suggest that unconscious processing is more effective than conscious processing because it has no constraints associated with normal concepts, so frees the mind to come up with novel answers.

As is often the case in psychology, there are researchers (such as Weisberg) who disagree and the incubation period model is under contention. Many believe that problem solving isn’t in the least bit mysterious and is a combination of relevant knowledge, factual information and problem solving strategies. In this context, these strategies can include analogical problem solving whereby we use our experiences of similar situations and apply this previously acquired knowledge to find solutions. Be careful however, as there will be different variables to consider, so stay open minded.

But here’s a thought. A recent study by Saggar and colleagues found a link between creative problem solving and activity in the cerebellum part of the brain, which is normally associated with regulating motor movements such as balance, co-ordination and speech. They found that when people engaged the executive-control center, engaging higher order functions such as planning and organizing, it actually impaired creative problem solving. In this instance, thinking logically didn’t help with the task.

So what strategies for creative problem solving do you favor? Are you in the logical camp or do you prefer the four-step model? Perhaps you have other ways in which you work out those sticky challenges.  Whichever you prefer, perhaps it’s a good idea to shake up old ways of doing things and consciously try something different and measure its success or otherwise. At least that way you will know what best suits you.

Elzinga Flash Seminar

Feature | 08/12/2016

Corporate Economists Are Hot Again

Corporate Economists are Hot Again

From The Wall Street Journal
By Bob Tita
Updated Feb. 27, 2014 6:01 p.m. ET

The number of private-sector economists has surged 57% as U.S. firms look for help digesting data.

(Photo disabled)

Pictured, economist Ryan Reed has revamped forecasting at Parker Hannifin. Photo by Michael F. McElroy for The Wall Street Journal

CLEVELAND—Flooded with data, Parker Hannifin Corp. PH +0.46% hired a young economist in 2008 to figure out what the information meant to the industrial conglomerate's far-flung operations.
What Ryan Reed told executives in one of his first presentations didn't go over well. Looking at capacity utilization rates—the percentage of available production capacity that is actually in use—Mr. Reed told executives that sales in the company's automation business would be substantially lower in October. "The guys said: 'That can't be right. October is normally a really good month for us.' "
But Mr. Reed's forecast was indeed correct. October wasn't a good month for automation, or for any of the Cleveland company's business units. The U.S. economy was on the verge of what would become the worst economic convulsion since the Great Depression. "We've lurched from crisis to crisis since then," said Mr. Reed, now 32 years old.

With more data available than ever before and markets increasingly unpredictable, U.S. companies—from manufacturers to banks and pharmaceutical companies—are expanding their corporate economist staffs. The number of private-sector economists surged 57% to 8,680 in 2012 from 5,510 in 2009, according to the Bureau of Labor Statistics. In 2012, Wells Fargo WFC +0.77% & Co. had one economist in its corporate economics department. Now, it has six.
Sheryl Kirtley tests a hose at the Parker Hannifin manufacturing plant in Ravenna, Ohio. Michael F. McElroy for The Wall Street Journal
"A lot of companies have programmers who are able to process big data," said Tom Beers, executive director of the National Association for Business Economics in Washington, a professional organization with about 2,400 members. "But to find a causality between two things and draw a conclusion really takes somebody with an economics background."

Many companies had corporate economists on staff in the volatile 1970s and '80s, but dropped them when the U.S. economy was steady and strong. Information from government agencies, such as industrial output from the Federal Reserve, was plentiful, along with research from private consultants, including Macroeconomic Advisers LLC in St. Louis and IHS Global Insight of Englewood, Colo.
"The reaction in the corporate world was: 'I can get my average GDP forecasts from anybody. Why do I need an economist in my shop?' " said Ellen Hughes-Cromwick, chief economist for Ford Motor Co.
The key to the revival of in-house economists, companies and economists say, is the need to digest huge amounts of data—from production volumes in overseas markets to laptop usage in urban areas—to
determine opportunities and risks for companies' business units, not just in the U.S. but around the world.

Paul Thomas, chief economist for chip maker Intel Corp. INTC -0.49% , said he and his staff look at how and where consumers are using personal computers, laptops and hand-held devices to pinpoint what geographic markets are underserved and which ones are saturated. "It's something we're learning to do that's going to be useful," he said.
The glut of available data is forcing economists to serve as gatekeepers to ensure that disparate units within companies are using the same data sets and information inputs in their forecasting.
Richard DeKaser, a vice president and corporate economist at Wells Fargo, leads a team of eight people, including six economists, who standardize the models and data used to measure risk in different business units, such as mortgage lending and credit cards.
Previously, one unit might base unemployment figures on payroll data, while another would use household surveys. Doing so undermined the accuracy of tests to measure risks for losses and contributed to mistakes in business planning.
"The great recession laid bare a lot of fundamental mistakes that an economist can be useful in preventing," said Mr. DeKaser, who was previously chief economist for National City Bank.

Some corporate economists are also taking higher public profiles to communicate their companies' messages and forecasts. Mark Finley, general manager of global energy markets and U.S. economics for energy company BP BP -0.94% PLC, spends about 30% of his time on the road talking with customers, business groups, trade associations and reporters to build consensus for its outlooks on energy demand and pricing. "The economists are supposed to be out there presenting their views," he said.
James Meil, chief economist at diversified manufacturer Eaton Corp. ETN +0.68% , and his staff of four, made 78 formal presentations last year, including one to the Association for Hose and Accessories Distribution. Distributors and suppliers, especially smaller ones, often rely on economists from their bigger customers to help decide whether they should add production capacity.
"There's not readily available market data or trends data available for the hose markets," said Joseph Thompson, executive vice president of the association, which represents manufacturers and distributors of industrial hoses, fittings and fluid-transferring equipment.
Veteran economists like Mr. Meil, who has been with Eaton for 29 years, are consulted on big acquisitions. When Eaton bought Cooper Industries PLC in 2012 for about $11.8 billion, he provided market research for key business segments and forecasts for the combined company's end markets.

Air Products and Chemicals Inc. uses its economist to devise hedges in a more volatile global economic climate. The Pennsylvania-based supplier of industrial gases enters into 10- to 20-year contracts with drug companies, steelmakers and refineries and needs price-escalator clauses to reflect higher production costs, such as energy.
"We set up formulas to where we're just trying to capture the inflationary pressure on the underlying contract," said economist Joseph Cardinale, who recently left Air Products for an economist's job at Illinois-basedpharmaceutical maker Abbott Laboratories.
Like all forecasters, corporate economists can miss the mark. In 2012 many company economists expected about 6.5% growth in manufacturing output in Asia. But it ended up being 3.5% due to a sluggish economy in China. "Forecasts by definition are going to be wrong," said Mr. Cardinale.

Retired economist Frank Schott, 87 years old, said new veins of data don't guarantee accuracy in forecasts. "The data are just as recalcitrant as ever to give you answers and the multiplicity of it invites further confusion," he said. "Everybody, including corporate bosses, thinks they're their own best economist."

Before Parker hired Mr. Reed, group presidents provided forecasts. "They weren't very accurate," said Jeff Cullman, president of Parker's hydraulic business. He said Mr. Reed has been able to forecast when hydraulic demand was about to fall, allowing the company to get a head start on scaling back production. "The market turns relatively quickly, but it takes us about three months to get on the brakes,' he said.
Forecasting can be tougher in developing countries where market demand can be difficult to quantify and data is spotty. Mr. Reed recently constructed a model for Parker's new president of Latin America to
indicate where the company should focus sales efforts. "His gut was telling him we're doing pretty well in Brazil; maybe we should look more at Argentina," he said.
By parceling out Parker's sales in specific industrial markets in Argentina and Brazil and comparing them with the two countries' total output in those markets, Mr. Reed demonstrated that Parker's sales potential in Brazil was far greater than in Argentina and to remain focused there. "Hopefully we avoided putting a lot of resources into Argentina where there's just not much to capture," he said.
Write to Bob Tita at robert.tita@wsj.com

Elzinga Flash Seminar

Feature | 12/18/2019

Newsletter Week of December 16

As finals draw to a close, we here at the ECO are thinking about what information would be most helpful to share for your use over winter break. So, we’ve compiled a list of odds and ends, some of which are job postings and others that are resources related to the job search, like this article about practicing your virtual interviewing skills. We are sharing these resources with you as one long Holiday List at the bottom of the newsletter - our holiday gift to you. It’s your last chance to sign up for our Economic Policy Trek to D.C. (Jan 9th-10th) when we will visit think tanks/research centers such as Brookings, AEI, and the Center for Global Development. Scholarships are available based on need. Click here for more information. Registration closes Wednesday, 12/18 at 12:00pm. Finally, the winner of the $25 Starbucks gift card for responding to our surveys is Francesca LeFrancois.

Jobs & Internships for Econ Majors

Jobs on Handshake

12/27: Research Associate at Economists Incorporated (San Francisco, Washington DC)
12/31: Consultant, Center for Healthcare Economics and Policy (Washington DC)
1/31: Finance Analyst, E*TRADE (Arlington, VA)
1/31: Finance Summer Intern, E*TRADE Financial (Arlington, VA)
1/31: Treasury Analyst, Nodal Exchange (Washington DC)

Jobs Selected from External Boards

1/17: Royster Lawton Fellowship for Entrepreneurship and Social Impact
1/20: Strategy and Innovation Summer Associate, The Capital Group Companies Inc (L.A., CA)
1/31: 2020 Summer Leadership Academy, Accounting and Consulting Group LLC (Atlanta, GA)

Summer Internships and Jobs found at WayUp, such as Deutsche Bank 2020 Summer Analyst in Corporate Finance. See below.

Deutsche Bank 2020 Summer Internship Corporate Finance

Responsibilities

Deutsche Bank is Germany's leading bank with strong market positions in Europe and significant presence in the Americas and the Asia-Pacific region. We’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritising long term success over short-term gains, and serving society with ambition and integrity. We serve our clients’ real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.

About your Internship

An internship at Deutsche Bank is your stepping stone to success and your first look into what life is like on our Graduate Programme. You’ll become part of a collaborative and inclusive workplace as you build on your technical and interpersonal skills, take on real responsibilities, hear from senior leadership through our speaker series, work on live projects, grow your network and learn first-hand how we deliver for our clients. If you want the opportunity to shape your own career as well as the future of the financial industry, then we will give you the platform and foundation to do so. Successful interns will be invited to join the Deutsche Bank Graduate Programme.

About Corporate Finance

Our Corporate Finance business provides the full range of advisory and financing products and services of a leading global investment bank. Our clients include large-cap and mid-cap corporates, financial institutions, governments, government agencies and financial sponsors. We recognise that selecting the right investment banking partner can be the key to a company’s success. Our relationships are enhanced by industry sector, country and regional expertise, closely aligned to high-quality client solutions. We offer both buyside and sellside advisory services for mergers and acquisitions, restructuring advisory, debt and equity capital raising services and structured equity transactions. We are able to advise on innovative cross-border and regional transactions in the US, Europe and Asia Pacific.

The Role

Our interns are given the opportunity to learn about our business from different viewpoints, giving you a career advantage. Working on our day-to-day business as well as on special projects, you will contribute to the innovation of new ideas to help our customers achieve their financial goals. You will gain experience in different areas of our business and discover our market-leading solutions first hand. Tasks may include evaluating companies, developing models for M&A transactions, preparing industry analyses for pitches, or getting involved in the execution of live deals.

The internship is an ideal way of finding out whether a career in Corporate Finance meets your needs and aspirations.

Intern Experience at Deutsche Bank

Qualifications

We are looking for bright minds with excellent academic records and some practical work experience to create a positive impact for our customers. We hire for attitude and skillset and are open to applications from a variety of backgrounds and degrees.

  • Are you passionate about finance and have an affinity for numbers?
  • Do you have an interest in business, economics, financial mathematics or engineering, either as part of your degree or extra-curricular activities?
  • Do you have strong communication skills and are you fluent in English?
  • Can you work well in a team and inspire others with your ideas?
  • Would you describe yourself as a conscientious, dedicated individual with excellent analytical skills?

Then we look forward to meeting you!

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Apply

ECO Holiday List

-Articles/Resources about Networking
-Articles/Resources about Resume Writing
-Articles/Resources about Cover Letters
-Articles/Resources about Interviewing
-Articles/Resources about Using LinkedIn and Twitter for your Job Search

Awesome Resources in Handshake you may not be aware of:

-CareerInsider by Vault – Includes descriptions and detailed career guides by industry.
                     For example: Read all about Marketing in the Careers in Marketing guide. Includes a job board. 
-CareerShift – Find employers and contacts (including emails) by industry, location, company size, and more. Also includes links to organizations’ jobs boards!
-GloinGlobal – For Your International internship or job search
-Assessing Your Interests (ECO webpage)
-What Can You Do with an Economics Major (UTennessee’s page)
-Econ Alumni Contacts

Helpful ECO Links:

Resumes, Cover Letters, Interview Help
Career Industry and Employer Overviews
Career Advising Appointment
Econ Alumni Contacts
The Three Parts of an Interview (and How to Nail Each)
and More!

Joy Fan, Econ '17, Media Relations and Marketing Associate at AEI
Paid Undergraduate Teaching Fellowships in the Econ Dept
The Do's and Don't's of the Virtual Interview by EY

Elzinga Flash Seminar

Feature | 11/20/2017

ARTICLE - 12 CRUCIAL TIPS TO DESIGNING SMARTPHONE QUALITATIVE THAT GETS GREAT INSIGHT

"Over the Shoulder has been helping put smartphone-based qualitative into the toolkit of qualitative researchers and insight seekers for almost nine years now. We’re often asked by clients to list the biggest tips and “watch-outs” that smartphone qual practitioners should bear in mind to make their jobs easier and their deliverables to clients more valuable." - Ross McLean

Click here to read the rest of the article. 

Feature | 05/12/2020

Class of 2020: Homegrown Squash Player Shines in Growing Program

Federal Reserve Bank

Feature | 08/25/2015

Meeting of the Minds

"Amid global stock market concerns, University of Virginia economists made the short drive down Interstate 64 to an institution responsible for implementing many of the policies they research: the Federal Reserve Bank of Richmond.

Friday’s biannual research symposium began two years ago when members of U.Va.’s economics faculty realized that the institutional partnership was not what it could be, despite numerous individual collaborations.

“The Federal Reserve Bank of Richmond Research Department is a world-class collection of researchers working on frontier problems in many fields, including banking, macroeconomic theory and household finance,” U.Va. professor Eric Young said. “The opportunity for faculty and students to interact and learn from these researchers was too good to pass up.” (Caroline Newman).

Learn more about this partnernship here.

Hamilton Angevine

Feature | 12/11/2018

Ben Hamilton Finds Conference Presentations Excellent Preparation for the Job Market

On October 6, at the 74th Midwest International Trade Conference at Vanderbilt University,  I presented my job market paper, “Learning, Externalities, and Export Dynamics,” in a 25-minute talk to an audience of economists studying international trade. In November, I presented my job market paper twice at different venues in Washington D.C.  First, at the 88th Southern Economic Association annual meeting, where I received constructive feedback on a condensed 15-minute version of my talk from students and professors of varied concentrations. Next, at the second Mid-Atlantic International Trade Workshop, hosted by the Federal Reserve Board, I presented a longer, 40-minute version of my talk and benefited from helpful comments and discussion with other trade economists.  Having the opportunity to present my talk in a variety of formats, receive questions from audiences unfamiliar with me and my work, and network with many people in my field was a valuable experience, particularly as I prepare to go on the job market during the next few months.  

Elzinga Flash Seminar

Feature | 09/29/2016

Top 10 Jobs for Economics Majors

Read about 10 jobs that match up with many of the skills Economics majors are equipped with: https://www.thebalance.com/top-jobs-for-economics-majors-2059650

Note, although this article includes a Top Ten List, the ECO does not claim that these are the "Top Ten" jobs for majors. This list is meant to be one resource in your search and provide food for thought.

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Feature | 11/10/2017

Kerem Cosar contributes to "stunningly original paper"

Elzinga Flash Seminar

Feature | 01/29/2019

Alumni Spotlight: Rachel MacKay

Elzinga Flash Seminar

Feature | 08/12/2016

Tech Careers for Liberal Arts Students

Is it possible to have a Tech career with a Liberal arts degree? Yes it is!

Elzinga Flash Seminar

Feature | 08/12/2016

A Different Recruitment Method

Large companies are hiring recruits first then assigning a job role to them later. Review the insightful comments at the bottom of the articles.

Feature | 05/12/2020

Moogdho Mahzab Selected for 7th Lindau Meeting on Economic Sciences

PhD candidate Moogdho Mahzab was one of 373 young economists from around the world invited to attend the 7th Lindau Meeting on Economic Sciences. The event, which will be postponed until August 2021, due to Covid-19, honors the memory of Alfred Nobel by bringing together young economists and Laureates of the Sveriges Riksbank Prize in Economic Sciences. The invitation is quite an honor. Congratulations, Moogdho!

Elzinga Flash Seminar

Feature | 10/26/2017

3 TIPS FOR STUDENTS FROM D.J. D-SOL

"In a recent Exchanges at Goldman Sachs podcast, Goldman president and co-COO David Solomon offers some rather helpful advice for college students. Solomon, who in addition to his Goldman duties spins music in Miami and the Bahamas under the stage name D.J. D-Sol, went to Hamilton College, a small liberal arts college in Clinton, N.Y., about a four-hour drive from New York City. D-Sol culled much of the following advice from his fond four years at Hamilton, as well as from his three decades in investment banking (and perhaps a bit from his late nights on the decks)." -Derek Loosvelt 

 

Click here to read the rest of the article

Feature | 03/14/2019

Joaquin Saldain Wins Tipton Snavely Award for Outstanding Summer Research

Third year PhD student Joaquin Saldain won the Economic Department's Tipton Snavely Award for Best Summer Paper (an honor he shares with Ga Young Ko). Joaquin describes the key issues and findings in his paper, High-cost Consumer Lending: Evidence and Theory​, as follows: "High-cost consumer lending, e.g. payday loans in the U.S., typically charge an APR of 322% for small, short-term loans. It is often discussed whether they cause more harm than good but the current literature has not provided a clear answer. In this paper, I make two contributions that will be key in addressing the welfare effect of payday lending. Firstly, I document facts on households that take out payday loans. These households have low wealth and liquidity levels, relatively low income, high demand for credit and are more likely to have higher than expected expenditures or unemployment spells. In the second place, I develop a model of banking and payday lending that delivers, in equilibrium, an interest rate and loan size spread between these lenders as observed in the data."  

Elzinga Flash Seminar

Feature | 05/26/2017

ECO Newsletter 5.2.17

One week Business Lab in D.C. for Majors!

Elzinga Flash Seminar

Feature | 01/06/2017

ARTICLE- HOW TO NETWORK BETTER IN 2017

"You've heard it before: The best way to land a new job is through networking and making connections. But many people are stumped as to what that means and how it plays out in reality, unless you're lucky enough to have been offered positions throughout your career. What exactly does making those connections look like, and how should you approach it?"- Marcelle Yeager

Click here to read the rest of the article 

City of Tampere

Feature | 11/01/2018

Cailin Slattery Presents at 74th Congress of the International Institute of Public Finance

Cailin Slattery presented two papers at the recent International Institute of Public Finance (IIPF) conference in Tampere, Finland; "Campaign Spending and Corporate Subsidies: Evidence from Citizens United v FEC" and "U.S. State Incentive Spending and Large Establishment Spillovers." Both papers use a new data set that she created on state incentive spending, and are closely related to her job market paper on how states compete for firms using discretionary subsidies. She received valuable feedback on her papers and discussed her research with Public Finance scholars from all over the world, including recent UVa grad Elliott Isaac, who is now an assistant professor at Tulane University. The conference was not only filled with research sessions, but included a walking tour along the Pyynikki Ridge,  the world's highest gravel ridge, which was formed by sediment accumulating between two glaciers.

 

Elzinga Flash Seminar

Feature | 04/27/2019

How to Answer: Tell Me About a Time You Made a Mistake

 

Although no one likes talking about their mistakes, being able to discuss your past mistakes in a job interview can actually be a great way of impressing the interviewer. So when you encounter a question like, “Tell me about a time you made a mistake,” during an interview for an internship or entry-level job, you should focus on how you dealt with the mistake and what you were able to learn from it. When the hiring manager asks this question, it’s not because they’re trying to trip you up; rather, it’s a chance for the interviewer to see that you are able to acknowledge your mistakes and learn from them, two very important qualities. An employer would rather hire candidates who admit and grow from their mistakes than those who think they never make any.

As with any frequently asked question, it’s important to make sure you have an answer prepared before you go in for the job interview. These tips will help you describe a time you made a mistake in a way that will make it clear you’re the right person for the job.

Be honest

It’s important to be able to admit that you’re capable of making mistakes (as we all are), and that you’re willing and able to admit it. Therefore, you should refer to an actual mistake you made instead of attempting to appear that you don’t make any.

Take responsibility

It’s tempting to catalog how other people’s actions led to your error. But if you spend time during your interview talking about all the ways in which others — or the company itself — failed, you’re not actually admitting you made a mistake. Instead of pointing the finger at others, acknowledge the role you played. Your answer should be related to work; the interviewer doesn’t want to hear about the argument you had with your parents. Nor do you want to reveal any mistakes that could indicate a lack of professionalism on your part. Stick with school or work-related issues that stemmed from a true oversight or misunderstanding:

Highlight the resolution

Make sure to spend time discussing how you addressed the problem and outline the concrete steps to took to rectify it. The interviewer will want to know how you handle complications.

Emphasize lessons learned

Demonstrate that the mistake you made was not in vain. The interviewer wants to know that you can learn from your mistakes and take action to make sure they don’t happen again. By concluding the story of your mistake with what you learned, you can frame the incident in a positive light and show that you’re able to grow from your mistakes.

Say something like: “At my previous internship, I underestimated the amount of time I would need to work on a presentation for a team meeting. I was still getting used to the workflow in a busy office so I didn’t realize that I would need an extra few hours to put a deck together. Luckily, I managed to catch the mistake before the presentation was due to take place and asked my manager for help to complete it in time. It was a valuable lesson in time management and I’ve become better at prioritization and mapping out my schedule as a result of that experience.”

While it can be awkward to discuss mistakes you’ve made, your ability to do so is an asset. Interviewers know it’s a difficult question, and that’s why the right response will signal that you’re the right candidate for the job.

Next, get more career tips for internships and entry-level jobs such as How to Dress for a Job Interview at a Nonprofit and find answers to common interview questions such as What Motivates You?

Feature | 08/06/2018

NEW FACULTY starting Fall of 2019

Shan Aman-Rana is a development economist interested in understanding the state capacity constraint on development. Her research mainly focuses on organizational economics of public sector workers in developing countries. Her current research investigates discretionary allocations in a bureaucracy in Pakistan and shows that when senior bureaucrats have the discretion to promote juniors, they do so meritocratically.

Aman-Rana’s research has been funded by STICERD and International Growth Centre (IGC) in the UK, Institute of Development and Economic Alternatives (IDEAS) in Pakistan and United Stated Institute of Peace. She was awarded Best Teaching Fellow Award in the Economics Tripos (2012-13), University of Cambridge and London School of Economics (LSE) Best Class Teacher Award (2016). She was also nominated for LSE Student-led Most Inspirational Teacher Award (2016).

She holds a Ph.D, MRes and MSc. in Economics from the London School of Economics (LSE). Before coming to the UK she worked as a Pakistan Administrative Services (PAS) bureaucrat collecting taxes, adjudicating on revenue matters and dealing with complaints of the citizens against the political establishment, among other things. She is affiliated with STICERD, Economic Organisation and Public Policy Programme (EOPP) LSE, International Growth Centre (IGC) and Bissau Economics Lab (BELAB). At UVA she will be part of the Democracy Initiative.

This fall she will be teaching Development Economics (ECON 4610).

Quartet Promotes Financial Inclusion

Feature | 08/04/2016

Quartet Promotes Financial Inclusion

A quartet of UVA economists team up to promote financial inclusion- read more here.
Elzinga Flash Seminar

Feature | 10/30/2018

Identify Your Network: Who do you Know?

Identify your Network: Whom do you Know?

Miriam Salpeter

A common complaint job seekers make is, “I don’t have a network!” It’s very frustrating to realize job search networking is the best way to land an opportunity but to believe that avenue isn’t open to you. Luckily, you do have a network! In fact, anyone who knows one person has a network, and it’s likely your acquaintances, friends, and family members number many more than one. In other words, it’s just a matter of learning how to identify people most interested in your expertise.

Identify Your Network

Social Media

Do you use Facebook? Are you connected to anyone on that social network? Your “friends” there, whether you really like them or not, are part of your professional network. (Even if you’ve never exchanged a word you’d consider “professional” with any of them.)

Do you use other networks, such as Instagram, Pinterest, or SnapChat? Believe it or not, people whose photos you comment on or whose pins you share are also part of your network.

You don’t need to have 500+ LinkedIn contacts to call yourself networked. However, you do need to learn how to tap into these networks of people to access professionally useful information. Ideally, you’ll want to identify any of the people in these networks who may also leverage any of the more typically accessed professional networks, such as LinkedIn, and then connect with them there.

People You Know

Maybe you don’t use social media (although it’s nearly a job-search necessity these days). “Ah ha,” you’re thinking, “I really don't have a network.” Perhaps, if you’ve never taken a class, had a job or internship, or left your house, you may make an argument that you don't have a network. However, most readers won’t accurately fit into those parameters. You have the potential to grow your network every time you leave your home. Do you grocery shop? Attend sporting events? Go to family dinners? Belong to a walking group in your neighborhood? All of these places provide great opportunities to expand your professional network.

Do you see a pattern here? Your professional network doesn’t come with special stickers or labels that say “job networking.” Your network encompasses everyone you know, and everyone those people know, too. If you really want to be fancy, it technically includes at least one more degree of separation, which would capture everyone who is a friend or acquaintance of those friends.

Start thinking about the strength of your professional network using this list:

  • Your family members and friends. (They don’t need to have jobs to join your network.)
  • Everyone you’ve ever worked with, including volunteer jobs.
  • People who attended school with you. Teachers count, too. This includes elementary school through college and grad school. Don’t forget to include people you met at professional development classes or fitness and exercise classes.
  • People you know from religious groups. If you go to religious services, everyone you meet there can be part of your network.
  • People you meet in your community or neighborhood, including at the dog park, kids’ soccer games, or the local street festival.
  • Anyone you know via your children’s activities.
  • People you meet while practicing your hobby, whether it is gardening, golfing, or skydiving. Anyone you meet can be part of your network.
  • Military contacts.
  • Your hairdresser or barber, the bartender at the local watering hole, and your dry cleaner are all in your network. Professionals who interact with a lot of people on a daily basis make great networking contacts. In addition, any one in a profession involving dealing with other professionals, such as accountants, lawyers, and business coaches make good contacts. They know a lot of people, and probably have someone in their network to connect with you.

If you don’t believe your extended network can help you get a job, these stories may change your mind.

Bettina Smalley recalled how she landed her first job out of college: “Divine intervention got me my first job at Scientific-Atlanta many moons ago. The pastor of my little Lutheran church was friends with a recruiter who needed to fill a sales position ‘at some big company’ with someone who spoke German. My pastor called me at 10 p.m. one night to tell me about it. By the end of the week, I had the job. If you're referred by a man of God, I guess they assume your references are good!”

This is a perfect example of the “you never know” factor when it comes to a job search. Bettina’s pastor knew something personal about her that also related to her professional potential: she speaks German. Are people in your network clued into your special skills and goals? One way to make sure they are in the loop about your plans and skills is to share information related to your professional life on more personal networks, such as Facebook. Do your grade school or high school friends and contacts know you’ve returned to school to study human resources, or that you just obtained certification as a massage therapist? If not, it’s a good idea to make sure they do. Either spread the word in person or via online networks to ensure you tap your network efficiently.

Andrea Clement, a PR and media professional in the medical recruiting industry,

found her current job after running into a former boss at Nordstrom on Christmas Eve. She explained, “We both scrambled to do last-minute holiday shopping. At the time I was happily employed and he had just started his own firm. He asked if I was interested and I said that I really loved my job so I wasn't sure, which was true. After the holidays, my then boss resigned, and she was my favorite aspect of that job. That February, I became the first employee of the start-up firm working for the former boss I'd seen in Nordstrom! That was 2007. I'm still here and now we have 80+ associates!”

While not every networking success story begins with a random meeting, if you ask people you know, you may be surprised to find out how many found their jobs, not just via networking, but through very random networking circumstances. The lesson in this case is that you never know when you’ll run into someone who can be influential to your career. Keep this in mind if you’re in full-on networking mode. For example, be sure you go out dressed to meet professional contacts. This doesn’t mean donning a three-piece suit to go to the bank, but consider your networking goals when you’re out and about and tweak your appearance to ensure you are comfortable introducing yourself to people no matter the circumstances.

Levels of Networks

Your network has multiple levels. Your immediate network includes the people you know directly, either in person or via social networks. You also can access the people they know as part of your extended network. In other words, your brother’s boss, your neighbor’s professor, or your college friend’s accountant, are all in your network. Don’t forget: each network links you to another network of potentially untapped contacts.

You never know when “someone will know someone.” Corey-Jan Albert, a writer and marketing consultant, shared a great networking connection story about her son, Cameron, a recent college graduate seeking a journalism position: “About a week ago, he mentioned a position he applied for. I asked him if he knew who he'd be working for there, and he said he did. I told him to check the guy's LinkedIn and see what he could find. He called me back and said, ‘YOU know someone who knows him! I can't see who that is since I'm two degrees of contact removed, but you can.’ It turns out the common connection was Cameron's 5th grade soccer coach—now living in NY, working at Reuters. Cameron reached out to him. The former soccer coach was thrilled to hear from him, and not only gave him some Intel on the situation at hand; he also offered to link him up with the editor at Reuters in charge of freelance assignments. Double win!”

This story proves a few important lessons about networking. You may find the best networking contacts are people who would never have considered members of your official network. (Most college graduates don’t think their 5th-grade soccer coach will be a key player in their job search efforts. It’s also a good reminder to tap into family member networks.) Especially if you believe your network is small, connect with relatives on LinkedIn. It’s perfectly acceptable (and expected) to “link in” with your parents, grandparents, and their friends. If Cameron hadn’t been linked to his mom, he would not have realized this terrific contact. Unexpected results may happen from networking. In this case, Cameron accessed a freelance contact, even though he is seeking a traditional, full-time job. You never know what surprises await when you explore your networking potential.

Miriam Salpeter is owner and founder of Keppie Careers (http://www.keppiecareers.com/), a coaching and consulting firm helping job seekers and entrepreneurs leverage social media and other tools to achieve their goals. She has appeared on CNN, and  major media outlets, including The Wall Street JournalThe New York TimesForbes and others have quoted her advice. In addition to her own blog, Miriam writes for U.S. News & World Report and for AolJobs.com. She is the author of the books, Social Networking for Career SuccessSocial Networking for Business Success: How to Turn Your Interests into Income, and  100 Conversations for Career Success. Named to CNN’s list of “top 10 job tweeters you should be following” and a “top 5” influencer on Twitter for job seekers by Mashable.com. Miriam also had her blog selected as a top career resource by Forbes. A vice president for a Wall Street firm prior to earning a master’s degree from Columbia University, Miriam ran the Career Action Center at the Rollins School of Public Health of Emory University before launching her own business.

 
Elzinga Flash Seminar

Feature | 11/20/2018

Alumni Spotlight: Joy Fan

Alumni Spotlight: JOY FAN, Media Relations & Marketing Associate at the American Enterprise Institute 

 

Life at UVA and since graduating: 

Joy graduated from the University of Virginia in 2017 with degrees in Economics and Art History. While at UVA, Joy was the president of the Rhapsody Ballet Ensemble while she pursued her personal interests in business and art. Some of her favorite economics courses were Money and Banking and Environmental Economics, although she enjoyed several public policy-focused economics courses.

 

She currently works at the American Enterprise Institute. She serves as the liaison between the press and over 30 AEI scholars in economic, financial services, tech, and healthcare policy.

 

What are your job’s responsibilities?

  • 35% is pitching to reporters–sending research to print and broadcast reporters
  • 35% fielding media requests (connecting scholars to media)
  • 30% staffing media crews and events, updating media contact database, tracking press interactions for analysis later

 

Joy’s tips for students:

  • Reach out to alumni–they always have good insights to share if not more help
  • Don’t forget your resume and cover letter serve as writing samples 
  • Get as much writing experience as possible. Almost every job requires good writing skills, whether it be in the form of a report or memo, or even just as communication between colleagues.

Feature | 03/06/2020

Amzad Hossain Presents Paper on Effects of Gender Matches in Higher Education

Amzad Hossain, 4th year PhD student, presented his paper on "The Match Between `She' and `Her': Performance Gains from Gender Match in Higher Education" at the Eastern Economic Conference in February 2019. Using a novel and confidential administrative dataset from a highly reputed economics program in a developing country, he assessed the benefit of the match between female students and female teachers and found that female students gained in terms of both grade performance and better long-term outcomes, such as cumulative GPA and degree completion time.  Comparing the test scores of the blind and non-blind exams for the same course, he showed that the gain from gender-matching is not driven by gender bias in teachers' assessments. He also presented several novel results: First, the interaction effect  (the gender-match gain) is much higher when students are matched with more experienced female teachers. Second, the female teacher-student interaction effect monotonically increases over successive semesters. Finally, the interaction effect is much higher when the female teacher has a Ph.D. degree than when she does not. 

Elzinga Flash Seminar

Feature | 08/21/2016

ECO Newsletter 8.21.16

 Job and Internship Search Basics Pre-reqisite Workshop Sign-up is Open!

Elzinga Flash Seminar

Feature | 09/20/2016

ARTICLE - ALUM’S APP ASPIRES TO BECOME ‘THE AMAZON OF HEALTH CARE’ IN ASIA

"University of Virginia graduate Dato' Chevy Beh envisions his startup, BookDoc, transforming health care in Asia just as tech behemoth Amazon has transformed retail around the world.

BookDoc, which Beh founded in Malaysia in 2015, offers a free mobile app and online platform to help patients quickly identify, and get an appointment with, nearby health care providers. The concept was inspired by a good friend who called Beh for help after contracting dengue fever in Malaysia and struggling to find a doctor who could treat him quickly" -Caroline Newman

 

Click here to read the rest of the article.

Peter Troyan

Feature | 06/05/2015

A More Efficient 'Match Day'

"This month, newly minted doctors and military cadets are leaving the University of Virginia and many other schools for assigned residency and branch assignments around the globe. These movements number in the millions, but most are directed by a simple class of “matching algorithms” – algorithms that one U.Va.-led research team wants to make more efficient and fair.

Peter Troyan, an assistant professor of economics, became interested in the match algorithm while a friend in medical school was anxiously awaiting his residency assignment. Troyan was eager to understand the equation that was driving the next steps of his friend’s life and those of many others worldwide..." (Caroline Newman)

For more on this article, click here.

Feature | 09/23/2019

Alumna Turns Negative Wall Street Experience Into Booming Business

W&P Design

Feature | 01/18/2018

ECO Winter Break Trek to NYC 1.12.18

The ECO and nine students trekked to the NYC area over Winter Break to visit two power-house firms run by economics majors. First we visited private equity firm Kelso in Manhattan followed by a visit to W&P Design in Greenpoint, NYC an urban-industrial hot spot in Brooklyn. Details of our visit follow, but one important take away from both visits was the power of the UVA network. Our alumni discussed this directly and indirectly as benefiting them personally and in their professional work.

At Kelso, we met UVA economics alumnus CEO Frank Loverro and Managing Director, UVA History alumnus Frank Bynum in their plush offices on Park Ave. Firm V.P. Bill Frayer. (Colgate University) walked us through the recruiting process for PE and several deals that the firm has worked on. Kelso invests primarily in middle market companies in Energy, Healthcare, Financial Services, Consumer Goods, Industrial, and Media. We learned about the deal process from idea sourcing through valuation, purchasing, management, and selling. We also heard how both Frank and Frank acquired their jobs at Kelso and what their work is like at the senior level. We met UVA McIntire School alumnus Forrest Compton, who discussed his background at Credit Suisse before moving to Kelso and Dan Slutsky's (Brown) experiences with Kelso as an Associate after moving from M&A at Bank of America. The attending students made some great connections for future opportunities. Kelso looks forward to staying connected to the department. 

Our next stop was W&P Design, "a unique full-stack product design company. The firm sees ideas through from design, to manufacturing and delivery. Economics alumnus Josh Williams gave us a tour of their open, contemporary multi-use space in an industrial section of Brooklyn overlooking the Hudson River. It offered a different office culture than Kelso and our UVA students had a chance to observe these very different work environments. The space houses a design team, sales team, operations and logistics, marketing, and production team. Manufacturing and most distribution are off-site. In just five years the company has grown from a staff of 2 (Josh and fellow UVA alumnus and long-time friend Eric Prum) to 80 employees in the states and 100 employees including their overseas staff. Their first round of major funding was for a particular product "the mason shaker" and was crowd-sourced through Kickstarter.  It was one of the most successful Kickstarter campaigns at the time seeking a goal of $5,000 and reaching $75,000. The company's products are in catalogs all over the world and in stores like Nordstrom, Bloomingdales, and Williams-Sonoma. But even with that national and international reach, they keep much business close to home in NYC and in Central Virginia. Their primary distribution center is close to Lynchburg.

A new major project for Josh and Eric is the launch of their consumer goods incubator, Assembly. It is an innovative model where ideas are conceived through the company leadership and then teams are hired to build the products and launch the newly founded company. They are hiring summer interns in sales and design, and full time staff in sales, design and project management. They are also seeking Co-Founders of their newest brands. 

Both Josh and Eric had other jobs before launching W&P, Josh with Lehman Brothers/Barclays and Eric working for a paintball manufacturing company. They got their first taste of owning their own business running a catering company in Charlottesville while they were students.

After leaving Barclay's, Josh attended Culinary School in New Orleans and soon after Eric and Josh launched W&PDesign, they brought on a former intern and friend, UVA alumna Elizabeth Tilton, to build out and run their marketing department. You can read more about all three UVA alumni and W&P Design here.

This first ECO trip was a huge success and we thank our alumni for making it so.

 

 

Elzinga Flash Seminar

Feature | 01/31/2017

ECO NEWSLETTER 1.31.17

Networking Programs! New Job Postings! Economics Career Forum!

Elzinga Flash Seminar

Feature | 08/28/2019

How to Become a Consultant: 9 Steps to Doing it Right

By: Meg Prater
Source: HubSpot

What is a consultant?

A consultant is a person who's an expert in a particular field who gives professional advice to individuals and businesses in their area of expertise.

Here are some of the most common types of consultants:

  • Business consultant
  • Sales consultant
  • Marketing consultant
  • Accounting consultant
  • Technology consultant
  • Legal consultant
  • Public relations consultant

Do you have an area of expertise to advise on? Here are nine steps to become a consultant. Follow them closely and you'll build a strong foundation for future work, repeat clients, and expanding your reach and reputation.

How to Become a Consultant

  1. Identify your area of expertise.
  2. Set goals.
  3. Make a website.
  4. Get certified.
  5. Choose a target market.
  6. Decide where you'll work.
  7. Network with people.
  8. Set your rates
  9. Know when to say "no."

1. Identify your area of expertise.

Be honest about where your strengths and expertise lie -- and consider strengths outside your nine-to-five focus. Maybe you have a landscaping side hustle with enough client demand to take it full time. Or perhaps you're good at closing difficult deals in the medical sales industry -- so good that your colleagues are always asking for help.

Ask yourself three questions to identify your niche:

  1. "Do I have a unique point of view?"
  2. "Do I have the experience necessary to be authoritative in this field?"
  3. "Is there demand for this service?"

Being a consultant requires you to be organized, self-motivated, and good at boundary setting. Before launching your website and accepting your first client, consider your ability to meet these demands. You might identify the perfect niche, but if you can't meet independent deadlines or manage a billing cycle, you might not be ready to become a consultant.

To find your consulting specialty, consider areas you excel in at work, projects you've gotten high marks on in performance reviews, or hobbies you've mastered outside the office. You should also factor in what you enjoy -- if you're doing this full-time, it needs to be an activity you're passionate about.

2. Set goals.

Setting goals helps you know what you're working towards. Do you want this to stay a nights-and-weekends project? Do you hope to turn it into a full-time business? Do you want to hire employees someday? Answer these questions and plan accordingly.

Once you've identified broad goals for your business, narrow your focus to more immediate needs. To do this, make sure your goals are SMART:

  • Specific: Clearly define what you want to accomplish
  • Measurable: Identify targets and milestones to track progress
  • Attainable: Keep goals realistic and manageable
  • Relevant: Set goals that fit with your business model
  • Time-Based: Identify deadlines for your goals

Here's an example of SMART goals for a consultant who coaches sales teams to be better at cold outreach:

  • Specific: I will coach SMB sales teams on how to make better calls, send higher quality emails, and follow up in an effective manner. The result will be more qualified opportunities for reps resulting in more closed business and higher revenue for the organization.
  • Measurable: Success will be measured by increased client pipeline and percentage of client deals closed as well as referrals for my business.
  • Attainable: I have three clients already and bring in an average of one new referral every month. I know there is demand for my service, and this cadence is manageable for my workload and operating budget right now.
  • Relevant: This business model fits my skill set and allows me to benefit from my success with sales outreach as identified by myself, my coworkers, and my supervisors.
  • Time-Based:
    • November 15: Website goes live
    • December 1: Review previous month's work and ask for at least one referral
    • December 5: Send client bills for the previous month's work
    • December 15: Have all coaching sessions scheduled before this date in anticipation for holiday schedules

As your consultancy grows, so will your plans. Revisit your SMART goals on a monthly or quarterly basis and adjust them as needed.

Maria Marshall, an associate professor at Purdue University, researches small and family-owned businesses. She recommends including visionary goals for your business as well. Marshall outlines four main areas of focus for visionary goals:

  • Service: How can you improve customer satisfaction and retention?
  • Social: How can you give back to the community through philanthropy or volunteering?
  • Profit: How can you increase profits by X percent?
  • Growth: How can you expand your company (i.e., new employees, more clients, office space)?

3. Make a website.

Think you can get by without a website? Think again. A recent Local Search Association report finds that 63% of consumers use websites to find or engage with businesses, and 30% of those consumers won't consider a business without a website.

Also, if you have a site, Google gives your business more authority in local rankings. Creating a Google My Business profile isn't enough. A website that's optimized with backlinks, domain authority, and views will encourage Google to display your website in relevant searches.

Don't think website creation is in your wheelhouse? Services like WordPressand Squarespace make it easy to build a website, and GoDaddy allows you to lock down a domain name.

And if you want a tool that'll help you do everything from tracking incoming leads to booking meetings and will grow with your business, try HubSpot. Your website is the first impression of your business. Invest time here and see the returns for years to come.

4. Get certified.

Are there certifications that will give you an edge? For example, if you're a consultant for medical sales professionals, consider pursuing accreditation in one of HIDA's Medical Sales programs. If your specialty is coaching teams to be better at outreach, consider getting an Inbound Sales Certification from HubSpot.

Whether software-, skills-, or subject matter-specific certifications, find out what's important in your industry and invest in expanding your knowledge base. As a consultant, it's crucial to remain cutting edge and competitive in your niche, and certifications are a concrete way to demonstrate your drive.

5. Choose a target market.

Once you've identified your niche, be clear about who your target audience is. For example, if you help startup sales teams navigate early-stage scaleup, hone in on your target market by answering these five questions:

  1. "Where is my target audience located?" (Will you serve local clients only? Will you accept national or regional clients? Will you exclude international clients?)
  2. "What are their biggest pain points?" (What has driven them to search for your help? What are their daily roadblocks to suggest? What are their scaling challenges?)
  3. "Who is competing for their business?" (Who are your biggest competitors and how do your services measure up? What sets you apart?)
  4. "Am I targeting startups themselves the individual sales managers?" (Will you reach out to businesses or network to individuals through local meetups or LinkedIn outreach?)
  5. "What motivates my target audience?" (What is your audience's end goal by choosing your services? What do they hope to achieve for their team and for themselves?)

Getting specific about who your customer is and what's important to them allows you to provide superior service and reach clients who are the perfect match.

6. Decide where you'll work.

You probably won't need a designated workplace while getting your consultancy off the ground. But if you're becoming a full-time consultant, it might be helpful to have an office. Before you start booking office tours, ask yourself a few questions:

  1. "Can I afford office space, and if so, how much can I afford?"
  2. "Will a workplace enhance my business or help it grow?"
  3. "Why do I need this space?" (i.e., do I meet with clients? Am I hiring some part-time help?)

Once you've decided that office space will truly benefit your business, consider what kind of space is right for your needs. Coworking spaces like We Work andGalvanize are staples of many urban environments.

They give you access to shared or small workspaces, as well as meeting rooms and amenities, at a lower monthly rate than traditional office spaces. They also give you another way to network and benefit from those around you.

7. Network with people.

Speaking of networking … Referrals are a crucial way to grow your business, but they aren't the only way. Unlike at a large company, you probably don't have a marketing team whose whole job it is to promote your business. Instead, selling the value of your consultancy often falls to you and you alone.

Join LinkedIn and Facebook groups your audience frequents, write and share blog posts highlighting your expertise, and attend meetups or conferences in your area. Be everywhere and talk to everyone who's a good fit for your offering. No one's going to sell you as well as you, so brush off that elevator pitch and get ready to sell yourself anything but short.

8. Set your rates.

Deciding how much you'll charge clients can be the hardest part of starting a consultancy. It's tempting to charge less than you're worth because you haven't proven your results yet.

Research what comparative consultants are charging in your area (sites likeGlassdoor.com are great for this). And decide which of these common types of consultant pricing would most fairly compensate you for the work you're doing.

How much should you charge as a consultant?

  1. Double/triple your current hourly wage
  2. Set a daily rate
  3. Set fees by project
  4. Set fees by performance
  5. Set fees using data from previous client work
  6. Set solution-based fees

Once you've decided what to charge, consider how you'll bill clients and accept payment. There are many free and fee-based platforms -- like Invoicely,Freshbooks, and Due -- that allow you to automate billing cycles, track and manage invoices and payments, and run reports on weekly, quarterly, or yearly earnings.

And don't forget to consult with an accountant during tax season. If you're not having taxes taken out of your payments, you'll need to budget for those when taxes are due. An accountant can offer guidance on how to make this less of a headache.

9. Know when to say "no."

In the beginning, it's easy to say "yes" to every client and every request. Now more than ever, you want your work to be high quality, organized, and manageable. coming in at a manageable rate.

If saying yes to a new client means your current client work will suffer, say, "I'd love to serve your needs, but with my current workload, I don't think I can give you the attention you deserve. I should have more availability next quarter. Can I reach out to you then to see if this is still a need?"

Prospective customers will appreciate your honesty, and you'll be able to maintain high-quality work at a cadence that doesn't threaten your sanity or existing client satisfaction.

It's also difficult to turn down clients that aren't a good fit. Be honest when you can't meet a prospective client's needs, and be proactive about introducing them to someone who can. They'll benefit from a better match, and your business won't lose sight of what it does best.

How to Find Consulting Clients

  1. Identify your ideal customer.
  2. Find out where they hang out online.
  3. Learn what motivates them.
  4. Develop an outreach strategy.
  5. Size up the competition.
  6. Decide what sets you apart.
  7. Be clear in communicating your unique value proposition.

So, how do you find clients that are a good fit? Follow these guidelines.

  1. Identify your ideal customer: What industry are they in? What type of services are they looking for?
  2. Find out where they hang out online: Which websites and social media sites are they active on?
  3. Learn what motivates them: What are the major pain points your potential customers face?
  4. Develop an outreach strategy: What are your primary tools for communicating (e.g., email, phone calls, social media)?
  5. Size up the competition: What are competitors offering and what are the price points?
  6. Decide what sets you apart: What additional value does your work add that other consultancies don't?
  7. Be clear in communicating your unique value proposition: How will you share this value proposition to potential clients?

Becoming a consultant is an exciting way to grow your career. Be honest about your readiness and niche, organized in your approach, and clear in defining, meeting, and addressing your goals. These nine steps are the perfect place to start. Good luck!

Elzinga Flash Seminar

Feature | 08/12/2016

A Great Cover Letter can Lead to an Interview

Tips on how to write a cover letter that could attract potential employers.

Note: Consider the source, the hiring norms of the industry and organization you are looking to enter, and also double check with a career advisor if you have any doubt in your mind about advice.

Elzinga Flash Seminar

Feature | 10/20/2017

ARTICLE - DARING TO DECLINE: KNOWING WHEN TO SAY NO TO A JOB OFFER

by Samantha McGurgan

Congratulations—you got the offer! This is cause for a celebration! Except…why are you experiencing the sinking feeling of dread? You may feel obligated to accept the offer because you already invested so much time and effort in getting to this point, and starting over takes So. Much. Work. You might be thinking:

Is it ok if I say no?
Who says no in this economy?
How do I even determine if it’s not right for me?

As someone who has said no to few offers over the years, I understand how uncomfortable and scary it is to say no to a perfectly good offer on paper. And I can also attest to the fact that I have never regretted saying no to job that didn’t feel right, and only have regretted saying yes. Here are a few questions to ponder through this decision-making process:

1.) How does your body feel? Stop analyzing, over-thinking, second-guessing, and Googling for the answer. Check in with your body: what is your gut telling you? Listen to it. Unapologetically. It’s never wrong. It’s normal to have a bit of nerves when facing a new challenge or embarking on new territory. But there’s a difference between distress (unhealthy) and eustress (healthy). Get to know how your body reacts to negative and positive stress by reflecting on the last time you experienced something of each type—how did it feel? How do those two experiences compare?

For me, I feel depleted, tired, and unconsciously withdraw when experiencing distress. I clench my teeth. Deep down I know it’s not right, but I run over it repeatedly in my mind trying to find a way to make it work. My husband says: You just got an offer—why aren’t we celebrating?

Conversely, I feel charged up, energetic, and motivated when faced with the possibility of a new and exciting challenge (aka a job I actually want). I feel inspired. I literally jump for joy after getting the call that I’ve been selected as the top candidate. I feel like everything was worth it after all.

Bottom line: If the offer doesn’t make you feel good, this is a warning sign. It’s worth it to wait for the job that won’t make you want to quit after three months.

2.) Are you running toward the finish line or being chased by wolves? Both of these instances involve quick, forward momentum. The difference lies within the motivation. My first question is always: Do you want the job or are you afraid that it’s your only option?

There are currently more job openings in the United States than people who are unemployed. The culture of scarcity that has been drilled into us since the Great Recession doesn’t reflect the reality of the job market. Given that you are qualified for the role you are seeking, wait for the job that will provide a sustainable opportunity for career growth, rather than accept the first one that comes along (if it’s not truly what you want).

Many of my graduating seniors who are in the midst of their first job plan on accepting a position as a safety net with the intent to keep looking for a better option. I ask them to think deeply about what is lacking in the opportunity, decline the offer, and seek one that is a better fit.

This doesn’t mean don’t accept an entry-level position. This means don’t settle for something okay when you could have something even better if you’d only waited another month or two. Or six. And don’t accept an offer with the intention to bail when something better comes up.

Bottom line: You’re going to find a job. Trust in that. And aim high. Do you really want to go through the interview process any time soon anyway? If you’re already planning to quit before a year or two, decline the offer.

3.) What do you want your life to look like?

If you’re like me, you’ve found yourself lying awake at night asking the Internet for a glimmer of hope or a strategy to make a non-ideal offer work with my life.

Ok Google: Is there a way to spend a two-hour commute that won’t make me angry and hateful?

I’m exaggerating, but the answer is no. For me. Because I have a family, and I know the excitement of a new role would quickly wear off after spending 12 hours each day away from home. Other people I’ve spoken to don’t mind their commute at all because they love their job so much. The question to ponder is, how will this job affect the rest of my life and therefore my happiness? How does this position relate to my ultimate goal? There are going to be sacrifices. Let’s make the sacrifices worthwhile.

Bottom line: The more you know yourself and your goals, the better you can discern if the position is right within the context of your life as a whole.

Samantha McGurgan is a career counselor at California Polytechnic State University, San Luis Obispo, and college success adjunct at Cuesta College. Her greatest moments of joy involve expanding the career horizons of first generation students and supporting military-connected students in their transition to civilian careers. She holds an M.A. in education, with a specialization in counseling and guidance in student affairs from Cal Poly SLO, and a B.S. in human ecology from The Ohio State University.

Courtesy of the National Association of Colleges and Employers.

 

Elzinga Flash Seminar

Feature | 08/12/2016

Working Overseas

This article offers terrific advice about searching for jobs and internships overseas.

When reading the “Consider the Possibilities” section, keep in mind that many countries abroad have U.Va. alumni chapters, which you may access here.  The ECO is certain that alumni who manage these clubs would be amenable to speaking with you about your questions and ideas.

Amalia Miller

Feature | 12/05/2018

New research from UVA Professor Amalia Miller and her colleagues at Virginia Tech and Tulane University shows that attending elite schools has different effects on male and female students

Photo by Dan Addison, University Communications

Elzinga Flash Seminar

Feature | 04/15/2019

5 Tips on How to Make the Most of Your Summer

#1. Start a service-based business.

Unless you’ve got a reliable summer job, there’s probably a whole host of benefits to make your summer money working on your own terms.

There’s no reason any college student can’t make $1-2k/month over summer break with their own side hustle.

Start a babysitting, landscaping, pet sitting, or other service-based business. Become a full-time merchant and flip stuff on sites like Craigslist or LetGo.

Pick something you won’t mind doing for 4-8 hours a day. Then start looking for work.

I discovered the power of a side hustle during summer ’17. In 43 days, I made $4,067 mowing lawns, digging trenches, and moving rocks.

Odd jobs saved me from having to get a real job while my business went through a few lean months.

If you take the initiative to find clients, you can find steady work in as little as 2-3 days.

Tips for would-be entrepreneurs:

  1. Make it incredibly easy for people to hire and pay you. Capitalize on the convenience factor by having Venmo, Paypal, and Square cash all set up. You’d be surprised how many older people don’t write checks anymore.
  2. Sell your story. Make sure your neighbors know you are a college student willing to work hard in exchange for money while you’re studying. Don’t milk it, but make sure they know your situation.
  3. Charge what you’re worth. Some people will try to low-ball you because you’re a student. Don’t accept anything less than $15/hour. If you’re a good worker, it’s absolutely reasonable to ask for $25/hour for your time.
  4. Ask clients to spread the word and/or rehire you. You’d also be surprised how many people need the type of help you’re offering. As you’re leaving a job, just mention to them that you’ll be available for work until August/September.

Be sure to add that the fact that you built a business from scratch (with X number of clients and revenue) to your 2018-appropriate resume (see #5).

 

#2. Read 10 books.

10 books in one summer? I haven’t read a book for fun ever!“, you say.

Maybe so, but there’s no reason you can’t start now.

Part of the reason you don’t read for pleasure probably has to do with how much reading you already do for your classes. Or maybe you just don’t like reading.

Summer is the perfect time to get back into (or start) reading for enjoyment.

And if you’re so inclined, it’s the best time to choose books that will help you grow as a young professional, too.

Set a goal to read 3, 5, or 10 books over summer. The number doesn’t matter so much as the types of books you choose.

I encourage you to not read books about your favorite subjects during college summer break. Instead, read non-fiction books that teach you how to better work with and understand people.

You’ll be doing that for the next 40 years, after all.

You can see my book selections for 10 Books Every College Student Should Read Before Graduation.

I highly recommend them all, but #1 stands alone. I think it should be mandatory reading for all college students.

 

#3. Get to know yourself better.

Every year of college is like its own island. You’re going to be pushed differently and change as a person a lot over your 4-year college career.

Young people seldom take the opportunity to get to know themselves better- which is 100% to your advantage to do so.

You will stand out from the people you’ll be competing for jobs with.

Employers will see you as someone with clarity, confidence, and an understanding of your skill sets.

One easy (and free) way to understand yourself better is to take the Myers-Briggs personality test on 16personalities.com.

The test takes less than 10 minutes, and for most, is incredibly eye-opening.

The best part about the 16Personalities test is it breaks your personality up into categories like strengths & weaknessesemotionsromantic relationshipsfriendshipscareer paths, and work habits.

If you take the test and want to learn more about how your personality might affect your career choice, email me.

 

#4. Travel somewhere relevant to your major.

I’m encouraging you to use your college summer break to smartly differentiate yourself from other college students.

Yes, many other students at your school will travel this summer. Don’t be basic like me and go take selfies at the Eiffel tower (for real though, I almost got robbed twice in Paris).

Use your college summer break to visit places that interest you professionally– and eventually, impress people who matter.

Pick a place that creates talking points with your professors in the fall and future employers.

Consider the history, origin, and current affairs of your subject or major. I don’t know your major, so you’ll need to do a bit of Googling.

For example, as a sports science student, I might go to Athens and visit the original Olympic stadium.

A selfie there is worth a lot more than a candid swing picture in Thailand.

If I could do it again, I’d probably use a college student travel program like Student-Athletes Abroad.

Where could you go? If you’re on a budget, check out all the cheap travel resources I came across backpacking Europe for 2 months on $5,000.

 

#5. Create a 2018-appropriate resume with technology.

Stop listening to old people give advice about the “right way” to write a resume.

Even many college academic success centers don’t have a clue what resumes should look like these days.

It’s actually scary that academic success center employees get paid full-time salaries to teach college students supposed “crucial”-yet completely antiquated- resume building techniques.

The truth is, your first job is probably going to be offered to you by someone between the ages of 30-45. AKA, there’s a 50% chance the person hiring you is a Millennial.

It’s safe to assume your first boss understands and relates to technology.

Guidelines you should follow when writing a resume include keeping it short (1 page), chronologically organized, and thoroughly edited for grammar/spelling. Other than that, make it your own.

Take time during your summer vacation to write a resume that adequately showcases your understanding of technology in 2018.

Some ideas:

  • Create a “video resume“, then upload it to YouTube with a private link. Add this link to your cover letter. (Bonus: you’ll know how many people have reviewed your resume based on how many views the video gets.)
  • Add links to anything relevant that you’ve built online to your resume. Save your resume as a PDF and you’re good to go.
  • Position yourself as one unique thing. You’re not an “aspiring college graduate with interests in humanities”. Well, maybe you are, but no one gives a crap about hiring you. However you choose to present yourself, be authenticboldquick to the point (the “listicle” world we live in has even infiltrated the job scene), and honest.

Seriously, look at suggestions #1-4. All of them can go on your 2018-appropriate resume.

Use your new 2018-appropriate video resume to show employers that you’re an INFP-vagabonding-bookworm with entrepreneurial tendencies. Bumble profile or resume header? You decide.

“What should college students do over the summer?”

Find ways to stand out.

Position yourself as uniquely qualified for the job you want when you graduate.

Start a businessTravelRead. Push yourself in new ways.

Then write a badass resume that showcases what you’ve been up to.

Feel free to party a bit too, but spend your college summer break doing stuff that will benefit you down the road.

3-4 months of summer vacation is a lot of time. Use it wisely.

Source here.

Snow

Feature | 10/11/2016

ECON Alum: Emily Snow, Class of '16

1. Why did you choose to study economics? 

A month into my first semester, Professor Elzinga gave a lecture in ECON 201 that changed the course of my college trajectory. The topic—rational consumer behavior—was neither inspiring nor profound, but the lesson stuck. I found myself measuring the costs of a good in terms of its next best alternative, ignoring sunk costs when I made a decision, and seeing applications of economics everywhere. Drawn to this “economic way of thinking” during my first months of school, I attended my professors’ office hours, participated in behavioral experiments in the VEcon Lab, and even went water-skiing with Professor Elzinga. As I pursued economics further in subsequent semesters, I was struck by its systematic explanations for the world around me—everything from business strategies to Congressional voting procedures to income inequality. I was fascinated by these questions and the way that economics answered them, and there was no turning back! 

2. What courses/ professors have been particularly influential and why? 

This question is a tough one, because there have been so many! I'm grateful to Mr. Elzinga for his wise counsel, steadfast mentorship, and the way that he constantly challenges me. His ECON 201 class first drew me to the subject, and since then I've had the pleasure of learning from him in his Antitrust seminar and through an independent study on the intersection of economic thought and Christian theology. I'm grateful to Mr. Coppock for his encouragement and natural gift for relating to students. His Public Choice seminar was incredibly interesting and stimulating, and it remains by favorite class to date. I'm grateful to Mr. Holt for his patience, kindness, and willingness to invest in my academic potential. Learning from his expertise in experimental economics has been a true privilege. And the list goes on! I'm grateful to Mr. Olsen for guiding me through my first research project, to Mr. Burton for connecting me wonderful people and opportunities in the Department, to Ms. Turner for her amazing dedication to her students' flourishing, and to many others who have invested in me. 

3. What makes the economics department special? 

As my previous answer demonstrates, the faculty in the economics department have made all the difference to me. They create an atmosphere in which freedom of inquiry flourishes and opportunities abound. During my time in the department, I've particularly enjoyed the opportunity to conduct research. Last year, I completed an independent study in which I used Stata to estimate the efficiency gains of housing vouchers as opposed to public housing. Additionally, I work as a Research Assistant in the VEcon Lab, exploring ways that human behavior either aligns with or deviates from economic theory. In addition to these pursuits, I've also gained immense value from the opportunity to serve as a Teaching Assistant in introductory economics courses. Teaching is a great responsibility and privilege, and helping my students grasp the discipline’s most fundamental principles reminds me of why I fell in love with economics in the first place.

4. How did you spend your summer between third and fourth year? (This language has been changed. Former question asked “How did you spend last summer?” Or, we may mention in the heading that these responses were collected while you were a student and now you are an Associate with BCG.)

I had a fantastic summer interning for BCG in their DC office. My role as a Summer Associate involved collaborating with my case team to strategically simplify the organizational structure of a large tech firm. Day to day, I spent good deal of my time building models on Excel, creating Powerpoint decks for client presentations, and performing data analysis with my team. At the most basic level, my task was to solve problems, and both the content of the work and the atmosphere of the office made my job both stimulating and sustainable. I have no doubt that the experiences the Economics Department has provided me differentiated me as a job candidate, and Jen Jones and the ECO office were enormously valuable to me as I navigated the job recruitment process. Furthermore, once I began my internship, it became abundantly clear that the critical thinking that I learn through my economics coursework would help me succeed in the Associate role. I am looking forward to returning to BCG as a full-time Associate next year. 

5. What is the most interesting thing you've done in the Department?

Serving as one of the first undergraduate Teaching Assistant for introductory economics courses has been and continues to be an incredible privilege and learning opportunity. Standing in front of a classroom twice each week, I’ve learned to present economics concepts in creative ways. I’ve learned to establish credibility by coming prepared for class and by speaking with confidence. I’ve learned to establish approachability by adding lighthearted elements to my lessons and being transparent about any mistakes I make. Working one-on-one with my students, I’ve learned the joys of helping others succeed. I’ve learned to help my students work out practice problems themselves, rather than just listen to me explain them. I’ve learned to exhibit patience and encouragement in the face of my students’ frustration and disappointment, particularly after midterms. 

As a returning TA this year, my goal is been to use these lessons to both improve upon my teaching and to be a leader among new undergraduate TAs. I seek to be a role model by putting my students’ needs above my own. Whether it means putting extra effort into planning interactive lessons, sacrificing time to meet outside of my office hours, or simply demonstrating to my students how much I care about their success, my role as a Teaching Assistant continues to be my most meaningful University involvement. 

Elzinga Flash Seminar

Feature | 03/04/2019

These Interview Questions are Worth Preparing

If you're planning to interview with one of the Big 4 professional firms—DeloitteEYKPMGPwC—you likely know that you'll have to answer questions about your strengths and weaknesses, as well as field a number of so-called behavioral questions.

These behavioral questions typically begin with the phrase "Tell me about a time ..." and most often cover your ability to lead, deal with conflict, work on teams, work within tight time constraints, and deal with failure. And so, to nail any Big 4 interview, you'll most certainly need airtight answers to these questions.

In addition, you'll now need airtight answers to a host of other "Tell me about a time ..." questions.

Recently, we surveyed several thousand Big 4 professionals, asking them about life at their firms. One question we asked had to do with interview questions. And below are 11 new behavioral questions that Big 4 professionals told us their firms are now asking their interviewees.

1. Tell me about a time you set a goal in one of your previous positions and the steps you took to achieve it.

2. Tell me about a time when you had to manage conflicting priorities and still exceed someone's expectations.

3. Tell me about a time you used technology to effectively complete a task or analysis.

4. Tell me about a time you had to be a problem solver and the methods you used to solve the issue.

5. Tell me about a time you were proactive in soliciting performance feedback from a mentor or client.

6. Tell me about a time you enthusiastically led a work team through a major change initiative.

7. Tell me about a time you had to analyze data and present it to a group. How did you get the data, analyze it, and what was the outcome?

8. Tell me about a time you had to adapt to real change in your life.

9. Tell me about a time you had to influence others' opinions on a project or work situation.

10. Tell me about a time you went out of your way to learn.

11. Tell me about a time when you had to think on your feet. What was the outcome?

Of course, chances are slim that you'll receive all of these questions in one Big 4 interview. Still, it's going to be a good idea, if you are interviewing with a Big 4 firm, to make sure you prepare answers for each of these questions.

Here's how to go about dointg that: First, take a few minutes to think about a real time that you experienced each situation (never make up your answer; always base it on fact). Second, take a few minutes to collect your thoughts about what you honestly did in each circumstance (visualize yourself in that situation and try to recall all the details involved, what happened, what you did, the outcome, etc.). Third, take a few minutes to practice your response to each question (you can do this aloud or in your head).

Finally, remember that it's always better to over-prepare than under-prepare. And that this is especially true when it comes to interviewing.

Read More

Phipps

Feature | 07/13/2017

Aaron Phipps presents at the APPAM on July 13, 2017

"The Role of Production Uncertainty in Teacher Performance Pay: Theory and Experimental Evidence", presented at the International Conference of the Association for Public Policy Analysis and Management (APPAM) on July 13

Teacher performance incentives have not had consistently positive effects in the U.S. A necessary theoretical and empirical problem is how to design an incentive to induce the optimal allocation of effort among multiple tasks, which is usually modeled by assuming agents know the production function. Unlike some production processes in which output relies solely on worker skill and effort, teaching is distinguished by its complexity and its dependence on the reciprocal effort of students. The result is a context in which individual teachers are uncertain about the net marginal productivity of inputs. The innovation of this paper is to develop a model in which uncertainty about the production process in student learning (“production uncertainty”) is incorporated explicitly in the model of behavior and to assess agent responses to different incentive schemes in a laboratory experiment.

Fostel

Feature | 09/23/2016

Professor Ana Fostel: Using Mathematical Models to Understand Global Markets

"Focusing on the intersection of macroeconomics and finance, Fostel employs models that focus on the role of debt in asset pricing to understand investment, growth, default and contagion." (Lorenzo Perez). Learn more about Professor Ana Fostel's research here.

Professor Ana Fostel has taught Global Financial Markets, which should be offered in Spring 2017 (ECON 4365).

Elzinga Flash Seminar

Feature | 09/29/2016

ECO NEWSLETTER 9.29.16

Hello << Test First Name >>,

Here is this week's Updates and Announcements listing from the Economics Career Office. Below you will find Job and Internship Announcements from alumni and employers, Articles from the ECO, and Job Expiration dates from OGI-Handshake. If you have any questions, please feel free to write.

All the best,
Jen

Upcoming Job Expiration Dates

Announcements (Examples: Credit Suisse Info Session, Jobs with the Federal Reserve in St. Louis and Chicago, Research Assistant at Columbia Business School)

Articles
Jobs for Economics Majors (Note, although this article includes a Top Ten List, the ECO does not claim that these are the "Top Ten" jobs for majors. This list is meant to be a resource in your search.

Career Advice for Economics Majors (Written for college students by a corporate economist/university professor.)

Networking for Economics Majors (Written for college students by a corporate economist/university professor.)

Economics Alum in the News with Innovative Technology

Tough Interview Questions (Just for fun, many of these questions are typically not for entry-level interviews, but the questions and answers are very informative and can be applied to all job searches!)

Elzinga Flash Seminar

Feature | 10/31/2018

Alumni Spotlight: Emily Steinhilber

University of Virginia, Department of Economics

Alumni Spotlight: Emily Steinhilber, Research Associate Professor at Old Dominion University

 

Life at UVA and since graduating:

Emily graduated from the University of Virginia in 2007 with degrees in Economics and History. After UVA, Emily received her doctorate in Law and Masters in Environmental Law and Policy at the Vermont Law School, where she graduated magna cum laude. She has worked in legal clinics and in environmental policy for over a decade.

 

She now works at Old Dominion University as a Research Assistant Professor. She coordinates the Commonwealth Center for Recurrent Flooding Resilience and works with faculty members to ensure their work is useful for policy makers and the public. She works with entrepreneurs and innovators to support new ideas for adapting to flooding.

 

In your own words, what is sustainability?

Effectively using resources to ensure a better result.

 

Emily’s advice for students:

  • Read up on as much literature as you can on the topics that interest you professionally and personally
  • Don’t write anything important on your phone–take pride in your written work
  • Do your research effectively and thoroughly–click on references in papers
  • Ask people to have coffee!
 
Elzinga Flash Seminar

Feature | 01/31/2017

ARTICLE- THIS LINKEDIN RECRUITER'S TIPS FOR SHOWCASING SOFT SKILLS ON JOB INTERVIEWS

"If you’ve heard a lot about “soft skills” lately, it’s at least partly because employers want you to develop them. According to our Global Recruiting Trends study here at LinkedIn, more employers are rolling out “soft skills assessments” to test job candidates on the cognitive and personality qualities you don’t go to school to learn: critical thinking, adaptability, learning agility, communication, etc. By all indications, these factors aretrading at a higher value in 2017 than they have in the past."-Brendan Browne

Click here to read the rest of the article

Elzinga Flash Seminar

Feature | 03/27/2019

Surviving the One-Way Video Interview

Burgeoning bankers beware—recruiting techniques continue to shift towards the electronic. Financial services giant JPMorgan announced that it will be drastically cutting down its presence at college career fairs and will be moving the entry phase of its recruitment process to a one-way video interview (i.e., pre-recorded, not with a person on the other side) accompanied by games meant to reveal behavioral patterns. I can’t speak to the efficacy that games would have in predicting behavior attributes, although I admit to being skeptical. What I can speak to, however, are one-way video interviews.

In short: They’re awful. Companies really like them because, instead of spending 30 minutes on the phone with every potential candidate, the candidates submit their pre-recorded interviews on a rolling basis to be watching at the hiring managers’ convenience. The format they take for the candidate, however, is an anxiety-inducing nightmare. There is no person on the other end of the line on a one-way video interview—I know, right? So it’s less like an interview and more like a virtual, visual questionnaire. You’re given a question, given a set time to think about the question (approximately 30 to 60 seconds), and then your camera turns on and you answer. Within a strict time limit (approximately one minute). Oftentimes, with only one take. I’ll reiterate: One-way video interviews are awful. But you better get used to them, because they’re here to stay. Luckily, I’ve got some tips to making sure that you make it through in one piece. 

Look the Part—and in the Right Direction

A video interview is still an interview—so dress like you’re going to one. Although I suppose, if you really wanted to, you could ostensibly wear sweatpants with your shirt and tie, so long as you’re shooting from the waist up. I wouldn’t recommend it, though. Get your webcam set up and pointed to a spot with a relatively neutral background. (Blank wall or classy painting—probably fine. Dirty laundry piled on your bed—definitely not fine.) I actually place my laptop on a sturdy stack of books to get a better angle, like when you lift your phone up to take a selfie. Make sure you’re well-lit but there’s no lens flare and that you’ve kicked your roommate out until you’re done. One-way video interviews are usually done on a rolling basis, which means you’ve got the time to set yourself up right—and work your best angles.

And don’t forget to look into the camera, not at yourself! Drag the window with your face in it nearer to the webcam if you can’t control yourself. Eye contact is important, even if you’re not technically making eye contact with anyone yet.

Practice, Practice, Practice

In my experience, the average time to answer a question on a video interview was about a minute. Considering that time limit accompanied broad questions like, “How do you believe this position fits in with the team at large?”—which also seemed specific for a first round interview—I felt the time crunch hard. And you can’t rush through your answer either because the first rule of being on camera is: Speak slowly. Usually, I only had one take to get it right—which is fine in person but, with the clock literally ticking, it felt more like being in 8 Mile. So what’s a girl to do if her palms are sweaty, knees weak, arms are heavy?

(I’m so sorry.)

Practice. Write up a series of questions you think you’re likely to hear. Ask your friends and family for questions they’ve been asked in interviews. Check out Vault’s sample questions—we’re here for more than striking fear into the heart of those facing video interviews, after all. When you’ve got enough, set a timer for one minute, then rehearse your answers aloud until you have them down pat. Sounding a little scripted and “over-rehearsed” is infinitely better than falling prey to time-induced panic or—worse—getting cut off in the middle of your sentence. The more you practice having to answer questions concisely as opposed to comprehensively, the better you’ll get at it.

Don’t Panic

Crucial advice from the standard repository of all knowledge and wisdom. A person can read panic through a video like one might read a book, and hiring managers won’t be impressed to see you very obviously freaking out. Being calm in confident in any situation is critical to life in the working world.

My advice? Keep your perspective. Video interviewing is new—the process is unfamiliar, and you’re not the only person potentially struggling with it. If you went over your time, shake it off—a dozen other people probably did, too. So many of your fellow candidates were definitely looking at themselves and not the camera, and somebody out there certainly sweated profusely through the entire interview. You should try to avoid mistakes, of course, but almost no one is a pro at video interviews, which means your “huge glaring mistake” will simply be one tree in a forest. Just answer the questions as best you can, and then wow them in person at the call back. This initial interview is less about being perfect and more about letting the company know that you’re interested, enthusiastic, and can communicate effectively. So just breathe.

 

Read more here.

Savelle

Feature | 07/11/2018

Dan Savelle Selected to Present at ZEW Conference

Graduate student Daniel Savelle was selected to present his paper “Discrete Choices with (and without) Ordered Search” at the 16th ZEW Conference on the Economics of Information and Communication Technologies in Mannheim, Germany. Dan presented his theoretical research that relates ordered search with classic discrete choice. Other interesting topics presented at the conference included platform economics, bias in review systems, analysis of social media, and machine learning. This conference blends theoretical, empirical and policy oriented research to provide cutting-edge results pertaining to the digital economy.

 

 

Elzinga Flash Seminar

Feature | 07/02/2017

ARTICLE- 15 WORDS YOU SHOULD NEVER USE IN A JOB INTERVIEW

"Receiving an invitation for a job interview can be an exciting time – especially after you’ve been job-searching for a while.

Unfortunately, it’s all too easy to kill off all your chances of getting a job by saying just a few wrong words during your job interview.

To make sure your job interview leads to the next round or a job offer, here’s a list of words which you should aim to avoid."-Steven McConnell

Click here to read the rest of the article

Elzinga Flash Seminar

Feature | 11/14/2017

ARTICLE - HOW TO TELL IF A JOB WILL BE A GOOD FIT

"Have you ever felt like a fish out of water at a job? 

You don't fit in, you don't feel the vibe, and you know that these aren't your people. Whatever you do, you don't feel welcome, and you can't do anything right. Your co-workers don't understand you. You don't enjoy most of the work itself, and you struggle to figure out how to do things (or who to ask for help). You feel like you're just biding your time until you can get out, and you spend a lot of time planning your escape." -Natalie Fisher

Feature | 07/19/2019

Sarah Turner and PhD Candidate Emily Cook Publish Article on Effects of Universal College Testing

The study was referenced on June 25th in The Washington Post, Education Week, and The Atlanta Journal-Constitution; the abstract can be accessed using the following link: https://www.aera.net/Newsroom/Missed-Exams-and-Lost-Opportunities-Who-Could-Gain-from-Expanded-College-Admission-Testing

Elzinga Flash Seminar

Feature | 06/07/2018

How to Answer "What Sets You Apart from the Rest"

An extremely common interview question these days is some form of "What sets you apart from the rest of the candidates for this job?" Other incarnations of this question include "Why should we hire you?" and "What makes you so different from all the other people interviewing for this position?" No matter exactly how this question is worded, it's getting at the same thing: what are your greatest strengths and skills, what might make you unique, and how those strengths and skills and uniqueness will translate into success in the position you're interviewing for.

Elzinga Flash Seminar

Feature | 01/24/2018

ARTICLE - HOW TO WRITE A RESUME TO BEAT AN AUTOMATED TRACKING SYSTEM

"The majority of applications for many jobs never get seen by a human. If you've ever submitted an application through a company's website, there's a strong chance that your resume was screened—and likely rejected—by an automated system. Here are some tips to help make sure that your resume makes it through in future, so that it can at least get its six seconds with a real live human." - Phil Stott

 

Click here to read the rest of the article. 

Ken Elzinga

Feature | 12/10/2015

45,000 Students and Professor Elzinga

"It’s likely that Ken Elzinga has impacted more students than any professor in University of Virginia history.

By the spring of 2015, the Robert C. Taylor Professor of Economics had taught nearly 45,000 students. That’s more than the population of Charlottesville, and more than any professor on record at U.Va., according to George Stovall, director of the Office of Institutional Assessment and Studies.

Those numbers stem from more than four decades of teaching one of U.Va.’s largest and most popular courses. The supply of seats in one of Elzinga’s two 500-person “Introduction to Microeconomics” classes never quite seems to meet demand. As for his smaller, 20-person anti-trust seminar, taught in the spring semester, students are advised to request entrance into the class two years ahead of time.

During his 47-year run at the University, Elzinga has become nationally renowned for both his illustrative teaching and his work in the field of economics, and famous for his personal commitments to each of his students outside the classroom." (Lauren Jones & Mitchell Powers). See the full story here.

To see the video click here.

Elzinga Flash Seminar

Feature | 02/14/2017

ECO NEWSLETTER 2.14.17

Goldman Sachs, Alibaba, Think Tanks and Non-profits - Read on!

Elzinga Flash Seminar

Feature | 11/23/2016

Midwest Macro conference: Jorge Miranda-Pinto

"This is definitely a great conference for macroeconomists and graduate students working on research. I could interact with Macroeconomists and students from all over the world (U Chicago, Northwester U, Feds, IMF, Bank of Canada, U Warwick, U de Chile, U Hong Kong, World Bank, etc). I attended very interesting sessions and learned a lot about the frontier of macroeconomic research, e,g. explaining the sources of inequality, monitoring financial institution to control systemic risk, predicting future crisis, etc. I received great feedback on my research, not only during my presentation, but also talking to economists throughout the conference. 

I presented my Job Market Paper "Sectoral Connectivity, Volatility, and Downturns: Lessons From Cross-Country Data". In this paper, I find that in emerging countries higher inter-connectivity among sectors of the economy (density of connections) is associated with higher volatility and sharper macroeconomic downturns. I observe the opposite for the group of developed economies, where denser sectoral connections are associated with lower volatility and milder downturns. I then build a multi sector model that, unlike existing models, has a role for the density of connections in shaping aggregate fluctuations. The key for the model to deliver the facts is that emerging economies have less flexible production technologies (manufacturing-intensive economies) while developed economies have more flexible technologies (service-intensive economies). The model implies that during downturns emerging economies with denser connections face constraints in the use of intermediate inputs, while developed economies with sparser connections face constraints in the use of labor."

Jerome Meyinsse

Feature | 08/12/2015

Jerome Meyinsse: Economics Major and Basketball player

"When former University of Virginia basketball player Jerome Meyinsse returns to Grounds, he always makes two stops:John Paul Jones Arena, home of the men’s basketball team, and Monroe Hall, home of the economics department.

Meyinsse returned again this summer to work out with the current Cavaliers and share wisdom gleaned from five seasons in South America’s professional basketball leagues, where he plays for Brazil’s Flamengo club. Current players would do well to listen – since joining the club two years ago, Meyinsse has enjoyed two national championships, with a third in sight.

“We really enjoy having Jerome back during the summer to work out with our team,” U.Va. head coach Tony Bennett said. “He challenges our post players with his size, skill and competiveness. Jerome has worked hard to become a professional basketball player and was an excellent student at U.Va. We’re certainly proud of what he has accomplished since he graduated.”

At U.Va., the 6-foot-9 Meyinsse was known for his contributions at center, especially during his final season – Bennett’s first – in 2010. He was also known as one of the most outstanding students the program had seen, majoring in economics and minoring in math." (Caroline Newman)

See the full interview here.

Economics

Feature | 03/28/2017

Top 40 Grad programs: Economics tied for No. 29 overall!

The following Graduate School of Arts & Sciences all ranked in the top 40 programs in their respective disciplines, as measured by U.S. News:

  • English: tied for No. 6 overall, tied for No. 5 in American literature before 1865;
  • Psychology: No. 17 overall;
  • Corcoran Department of History: tied for No. 18 overall, tied for No. 1 in U.S. colonial history;
  • Economics: tied for No. 29 overall;
  • Sociology: tied for No. 32 overall; and
  • Woodrow Wilson Department of Politics: tied for No. 37 overall.
Elzinga Flash Seminar

Feature | 09/19/2016

ECO NEWSLETTER 9.19.16

This week's newsletter is loaded with opportunities for economics majors, curated specifically for you!

Elzinga Flash Seminar

Feature | 08/23/2017

ARTICLE - 7 THINGS TO NEVER SAY IN A JOB INTERVIEW

"It’s terrifying to know that the person you’re speaking to is weighing your every word—and could hold the power to change your future. This is why interviews can be so stressful, and why sometimes it can be hard not to blurt out the first thing that comes to mind. No matter how long you prep for the interview, it’s actual practice that gets one better at interviewing. And while there are many things you should say in a job interview, it can be harder to focus on the things not to say. We’ve got the seven things to steer clear of mentioning if you really want that job." -Kristina Rudic

 

Click here to read the rest of the article 

Holt and Shobe

Feature | 08/25/2017

Profs. Holt and Shobe: New design ideas for RGGI

"In a new independent report posted today by Resources for the Future (RFF)-Expanding the Toolkit: The Potential Role for an Emissions Containment Reserve in RGGI -RFF's Dallas Burtraw, Karen Palmer, and Anthony Paul, with the University of Virginia's Charles Holt and William Shobe, use simulation modeling and laboratory experiments to assess this potential new design idea for RGGI."

Elzinga Flash Seminar

Feature | 06/05/2018

How to Include Volunteer Experience on Your Resume

When it comes to writing or updating your resume, you know you should include your relevant work history, education, and technical skills.

But what about your volunteer experience? Will hiring managers even care about the time you spent building homes in Central America or organizing that charity walk? 

I’ll make this one easy for you: yes!

You should absolutely include volunteer experience on your resume. It’ll help you 

Feature | 06/24/2019

Economics distinguished major and recent graduate, Elin Woolf, will teach English in Taiwan on a Fulbright Scholarship

Yingqi

Feature | 10/11/2016

ECON Alum: Yingqi Liu, Class of '16

1. Why did you choose to study economics?

Coming into UVa, I knew that I wanted to major in something that is theory-based and can give me solid quantitative trainings. Economics major offers me these, and I can also apply theories that I have learned in class to explain phenomenon in my daily life.

2. What courses/professors have been the most influential and why?

I enjoyed taking many classes, including Industrial Organization with Professor Mills and Econometrics with Professor Michener. If I had to pick, perhaps Antitrust Policy with Professor Elzinga would be one of the most influential courses. In class, we examined the progression of court rulings of interesting antitrust issues over time, some of which took place during the timeframe of the class. I got a much better understanding of economic consulting, and applied for my current job.

3. Over the summer you worked as an intern. In your own words, what did you do in this role? How was it related to your major/how did you use what you've learned in the department to secure this role and on the job?

I interned at a wealth management firm over the summer. It was mainly a client-facing role with access to the most up-to-date market research data. I got to work with a wonderful team and learned more about the financial industry. The analytical training in the Econ Department prepared me well for this role.

4. What career goals do you have for your future?  (immediate/long-term)

I will work for Cornerstone Research after graduation. After a few years, I plan to attend graduate school (MBA or JD).

5. If the ECO has helped in your experience at U.Va., kindly share how/why.

The ECO has been an extremely valuable resource in every stage of my career exploration. By attending numerous career panels, I got to see a wide variety of industries and met many distinguished Econ alumni. I also enjoyed speaking with Jen, who always provided me with constructive feedback and steered me toward the right direction.

6. What is a fun fact about you?

I graduated from a high school in Green Bay, Wisconsin. I did go to Packers games and I do own a Packers jersey, but I have never worn a cheese hat.

Feature | 12/11/2019

Ramiro Burga Presents Paper on Bilingual Education at APPAM Conference

In November, Ramiro Burga presented his paper “Fixing an Instructional Mismatch: The Case of Bilingual Education among Indigenous Students in Peru” at the 2019 Fall Research Conference of the Association for Public Policy Analysis & Management in Denver, Colorado. In this paper, he studies the effects of a bilingual education reform that targets indigenous populations and intends to correct the mismatch that exists between the language of instruction (status-quo language) and the students' mother tongue. The results of his research suggests that students progress faster towards upper grades as a result of the policy. 

Elzinga Flash Seminar

Feature | 10/03/2016

ECO NEWSLETTER 10.3.16

This newsletter from the ECO includes jobs and internships for economics majors, events, and workshops!

Elzinga Flash Seminar

Feature | 10/09/2017

ARTICLE- WHY YOU SHOULD CHOOSE A CAREER IN SALES

"Brian Tracy describes sales as the "ultimate default career." By that, he means that many people get into sales because they can't find any other job that pays them what they need. Some of the top sales professionals in the world will admit that they had no intention of getting into or staying in the sales industries, yet most wouldn't change their decision to stay. But while sales may be a default occupation, there are several reasons why you should choose a career in sales instead of being a salesperson until something else opens up." - Thomas Phelps 

Click here to read the rest of the article. 

Eric Chyn

Feature | 12/08/2016

Professor Eric Chyn: The Future of National Housing Policies

"Even before graduating from his Ph.D. program in August, Eric Chyn earned widespread acclaim for research that, according to its coverage in The New York Times, “could fundamentally reshape national housing policy.”

Chyn, who will start in January as an assistant professor in the University of Virginia’s Department of Economics, wanted to learn more about how living in public housing impacts a child’s income and employment over his or her lifetime.

“Broadly, my interest is in studying government programs and the way we spend money in society to make people better off, especially those who are disadvantaged,” Chyn said. “Housing assistance is a very sizeable and notable expenditure in the grand scheme of what the government does.”

Existing studies showed that children whose parents opted into a lottery system moving them from public to private housing tended to fare better as adults, especially if they moved while very young. However, Chyn found a gap in that approach: only 25 percent of eligible families applied for the lottery. He conjectured that parents who applied were already particularly motivated to protect their children from negative environments, and therefore might not be the best sample to study. What, he wondered, happened to the other 75 percent of children?"

- Caroline Newman, see original article.

Photo credit: Dan Addison, University Communications

Elzinga Flash Seminar

Feature | 08/12/2016

Negotiating Your Salary

Factors to consider when negotiating your salary.

Elzinga Flash Seminar

Feature | 01/09/2017

US News: Ways to Improve Your Rhetoric for Interviews

Tips on how to more persuasively communicate your skills and accomplishments to impress interviewers: http://money.usnews.com/money/blogs/outside-voices-careers/articles/2016-11-16/4-ways-to-improve-your-interviewing-success

Elzinga Flash Seminar

Feature | 10/02/2017

ARTICLE - 43 RESUME TIPS THAT WILL HELP GET YOU HIRED

"When you haven’t updated your resume in a while, it can be hard to know where to start. What experiences and accomplishments should you include for the jobs you’ve got your eye on? What new resume rules and trends should you be following? And seriously, one page or two?" - Erin Greenawald

 

Click here to read the rest of the article. 

Feature | 03/01/2019

Ga Young Ko Wins Tipton Snavely Award for Outstanding Summer Research

Ga Young Ko, a 3rd year PhD student, won a Tipton Snavely Award for Outstanding Summer Research (an honor shared with Joaquin Saldain). She summarizes her paper, titled The Role of Rating System and Hiring Biases in Freelance Auction Platforms, as follows: "A freelance auction platform is a website that matches buyers of services with sellers using an auction mechanism. Sellers differ in terms of their observed demographics (e.g., gender, race, etc.) and unobserved quality. Buyers on the platform may use demographic information as cues to evaluate quality. If these characteristics are correlated, then observing demographics allows buyers to make informed task-specific hiring decisions. But these characteristics may also induce intrinsic racial or gender-based hiring biases. I develop and estimate a model of a sequential first-price auction with beauty contest and endogenous entry. I use an extensive new data-set from a freelance platform. The data-set includes price offers, assignments, and seller characteristics, where machine learning techniques are employed to infer race and gender. Through various counterfactual analyses I will determine the role of information about sellers on the market outcome and also quantify the efficiency of the freelance system."

Feature | 05/11/2020

https://news.virginia.edu/content/health-and-wealth-uva-economists-examine-covid-19s-impact

 

As the nation wrestles with the health and economic implications of the COVID-19 virus and the intentional shutdown of the economy, a panel of University of Virginia economists discussed several aspects of it last week in a virtual forum for students.

Yeager

Feature | 05/08/2018

In Memoriam: Leland B. Yeager (November 4, 1924 - April 23, 2018)

Leland Yeager died on April 23, 2018 at the age of 93. Yeager was the last of the remarkable group of scholars–including Buchanan, Tullock, Coase, Nutter–that made Virginia political economy. He is best known for his contributions to monetary theory and international monetary economics.  Professor Yeager earned his A.B. from Oberlin College and his M.A. and Ph.D. in economics from Columbia University. Following a brief stint at the University of Maryland, he taught for nearly three decades at the University of Virginia. Yeager finished his career at Auburn University, where he was Ludwig von Mises Distinguished Professor of Economics.

Below are a number of wonderful tributes to Mr. Yeager:

 

Elzinga Flash Seminar

Feature | 09/20/2018

Employment Possibilities Abound in This Article: Study: Netflix users are so addicted to bingeing there’s not much time left for family

By Andy Meeks

Imagine, for a moment, how much time a day you spend uninterrupted with family members. Got it? Now go ahead and double it. That, friends, is roughly how much time every single day the average Netflix user spends bingeing content.

It’s an estimate that comes via Streaming Observer, which found that the average Netflix user now spends a little more than an hour a day streaming content on the service. Which adds up to some 434 hours, the equivalent of 18 days, over the course of a year.

 

Here’s how the site arrived at those numbers. “At the end of last year, the company announced that its users streamed 140 million hours of content per day. At the time, there were 117.58 million subscribers. Simple math shows that dividing 140 million hours of content watched daily by 117.58 million subscribers results in the average user spending 1 hour and 11 minutes each day watching content on Netflix.”

One hour and 11 minutes doesn’t sound so bad, until you put it up against the roughly 36 minutes of quality, distraction-free time that other studies have found people spend with family members each day.

 

Here’s a closer look at what Streaming Observer has found:

“Recent studies have found that families only spend anywhere from 34 to 37 minutes of quality, undistracted time (e.g. time where they “feel they actually bond”) together on a typical day,” Streaming Observer notes. “Let’s average that out to 35.5. That means the typical subscriber spends about half as much quality time with their family as they do with Netflix.”

But there’s more. Again, these are all rough estimates, but according to the most recent annual edition of the Bureau of Labor Statistics’ American Time Use Survey, the Streaming Observer data also shows that Netflix users generally spend a lot more time bingeing than they do exercising, reading and hanging out with friends. Combined!

The crazy thing is that even with numbers like this, and with Netflix binges eating up so much of users’ time already, the company’s CEO Reed Hastings thinks the company still doesn’t own enough of its users’ day. “We’re still a small fraction of every society’s overall viewing,” he said on a call with investors earlier this summer. “So I think there’s still room to go there.”

 

Indeed, the company is still working to grow as much and as fast as it can. During the most recent quarter, Netflix reported 130 million global subscribers, up 25 percent from 104 million in the year-ago quarter.

Per Zacks Equity Research, Netflix is hoping to add 650,000 subscribers in the U.S. and a little more than 4 million internationally in the third quarter.

 

Read more

Elzinga Flash Seminar

Feature | 05/07/2019

5 Ways to Look Confident in an Interview (Even When You're Freaking Out)

Taken from The Muse: https://www.themuse.com/advice/5-ways-to-look-confident-in-an-interview-even-when-youre-freaking-out
After the long, exhausting journey of searching for and applying to new jobs, you’ve just been rewarded with a golden ticket—an interview.

But after a brief moment of celebration, the panic sets in: Your heart is already pounding, your palms are beginning to sweat, and you’re wondering: Are hiring managers like sharks—can they smell fear?

If the thought of sitting across from a hiring manager makes your stomach turn, you’re not alone. But don’t let your nerves get the best of you! Try one these strategies that will help you feel calm, cool, and collected—or at least make you appear that way.

1. Just Breathe

While waiting to be greeted by your interviewer, take a few moments to do some breathing. (Yes, like a pregnant woman in labor!) By doing this, you can redirect the troublesome emotion you’re experiencing (e.g., nervousness or fear) and be able to focus on something else (in this case, the amazing job that you’re hoping to land). Holistic health expert Andrew Weil, MD praises breathing exercises, saying, “Since breathing is something we can control and regulate, it is a useful tool for achieving a relaxed and clear state of mind.”

To do this most effectively, take a deep breath through your nose (really feel your stomach expand) and then slowly blow it out through your mouth. Repeat this three times, while concentrating on centering your thoughts. The best thing about this technique is that you can do it anywhere (and quite unnoticeably), so if you feel your nerves start to swell during the interview, simply take another breath.

2. Don’t Fidget

Nervous fidgeting is one of the most telltale signs that you’re nervous, so this is an incredibly important skill to master. My go-to trick is to keep my hands clasped together on the table or in my lap to avoid any subconscious table tapping, hair twirling, or otherwise noticeable squirming. I’m also a leg-shaker—but keeping my hands in my lap and applying a bit of pressure to my legs helps remind me to keep the shaking to a minimum.

If you think you don’t have any fidgety habits, you might want to think again—most people aren’t aware of their own nervous tendencies because they’re such an ingrained part of their natural behavior. To double check, try doing a few mock interviews with a friend who can call you out on any fidgeting. Once you know exactly what to avoid, you can practice controlling it.

3. Make Eye Contact

One of the best ways to fool a hiring manager into thinking you’re more confident than you feel is to keep steady, natural eye contact throughout the interview. Mary Griffin, a Human Resources Director for a national healthcare company says, “A key giveaway of a nervous Nellie is a lack of direct eye contact—looking down, looking away, and not looking the interviewer directly in the eyes. A more confident interviewee appears to be engaged with the interviewer.”

One way to remind yourself to make regular eye contact is to focus on a spot between the interviewer’s eyes. You can even imagine a colorful bulls-eye there—whatever it takes to keep your eyes from wandering too much.

On the flip side, you don’t want to stay so intensely focused on making eye contact that you end up sending out a creepy vibe! So remember to take natural breaks, like looking down at your resume every once in a while. It’s a balancing act, so just keep practicing until it feels comfortable.

4. Press Pause

Some of us (myself included!) tend to ramble when we’re nervous. This can be dangerous because once we start talking, it’s incredibly easy to veer off topic and say more than what’s needed—or worse, more than what’s appropriate.

To preempt any rambling, I try to answer each question with only one thought or idea at a time. For example, if you’re asked to describe a trait you disliked about a previous supervisor, you could say, “I found that her tendency to micromanage conflicted with my productivity.” Then stop. This will save you from unnecessary add-ons like “She was a total control freak whose inability to let me make my own decisions made me want to run down the hall screaming obscenities”—even if that may be the most honest answer.

The key to mastering this technique is to keep your tone sincere, so that even if your responses are brief, they don’t come off as curt or dismissive. It’s more about sticking to one main topic per question instead of going off a nervous tangent. And don’t worry—if the interviewer wants you to elaborate on a certain topic, she’ll ask.

5. Think Positively

Finally, calm your nerves by reminding yourself that you deserve to be there. Hey, you wouldn’t have been invited to interview if you weren’t being seriously considered as a candidate! Use this knowledge to your advantage to mentally pump yourself up before the interview. It can take the edge off enough to allow you to approach the situation with a burst of self-assurance and poise.

Most importantly, remember that while you certainly need to be calm, collected, and confident in order to score the job, an interview is not a life-or-death situation. Hiring managers are humans, too—and they’ll understand and forgive a few minor nervous blips.

So with that in mind, relax, gather your strength, and walk into that interview with a newfound confidence (at least on the outside!).

 

Read More

Elzinga Flash Seminar

Feature | 01/08/2019

3 reasons you’re experiencing college burnout (& how to deal)

The stress. The anxiety. The worry. All of us have those moments where we’re completely overwhelmed by the amount of work college demands. While we try our best to finish everything as quickly (and as accurately) as possible, we sometimes digress into a state of despair and self-doubt when our hard work isn’t giving us the results we want. At some point, we begin feeling so helpless and depressed that we retreat into our shell, away from our peers and the people who care about us the most. We’re frustrated, confused, lonely, and don’t really know what to do. Eventually, with everything piling on top of us one after the other, we snap.

College can be a tough time for a lot of  students. Whether you’re trying to fit in or trying to survive classes, I think we can all agree that college life isn’t perfect. However, there comes a time when things just don’t feel good and you’re not feeling the same way towards things as you used to. Sure, everything seems fine but you’re just not happy with where you’re at right now. You’re exhausted and unmotivated; you just want the semester to end now. Feeling stressed out is one thing, but feeling burnout is a whole other issue.

Pressure and Expectations

Entering college, I think a lot of us unintentionally place a large amount of pressure on ourselves. We worked unbelievably hard in high school to get where we are today, and so as soon as we enter college we expect ourselves to start off strong. At first, things seem like they’re going fine (and they are), but once we get deeper into the semester we’re not feeling as confident as we did going into the semester.

I think one of the worst things to feel in college is disappointment. Imagine this: You’re in a class working hard. You stay up late to work on assignments and study for exams. As you’re going through the semester, you notice your grades aren’t as good as you want them. You then work and study as hard as you can. Nothing improves. Getting this feeling is absolutely frustrating and disappointing and can certainly upset many people, including myself.

Look, I may not know much about each and every student’s college experience, but from what I know, hard work does eventually pay off. You’re probably going to feel immense pressure to do well in all of your classes, especially if you excelled in all of your classes in high school. But this isn’t high school. There are people around you who have worked just as hard to get where they are today and deserve to be there. It sucks when people are showing off their 4.0 GPA’s or bragging about how well they did on that last test. However, the truth is, none of that matters because you are who YOU are. Do the best that YOU can and that’s what counts.

Isolation

Finding the right group of people is hard, especially for introverts like myself. You think, “Oh there’s thousands of other freshman who don’t know many people, I’m bound to be friends with one of them.” This is a good thought, but maybe not realistic.

I know many other people disagree, but I think that finding friends in college can be extremely difficult. There are probably going to be a lot of people you meet within the first few weeks of classes as everyone begins the new semester. However, once those first few weeks are over it seems as if everyone has their own little group and sometimes you get left out of those groups of people.

Now before you accuse me of lacking faith in the friendliness of other people, I’m not saying that people intentionally form their own group of friends to single people out. Rather, I think it’s difficult for some people to maintain contact with others because of their lack of connection. Basically what I’m trying to say is that it’s hard to keep up with people when their schedules are so different. You meet so many people within the first few weeks of class, but let’s face it: how many of them are you going to remember or talk with by the end of the semester?

Nevertheless, finding people you feel the most comfortable with is important in college. Whether you like hanging around people or not, try pushing yourself to go out and meet new people. The best way to make friends is through your classes, because you’ll be seeing them on a weekly (if not daily) basis. If you’re still having trouble making friends, definitely utilize some of the student services your school offers. While they can’t help you make friends, they can definitely help guide you to resources and organizations that cultivate lifelong friendships.

Fitting In

Are you that awkward duck in the middle of the pond? Yup, that’s me alright. I think one of the most difficult parts about being in college is feeling at ease. With homework assignments and exams galore, there isn’t always a lot of time to think about where you’re at in terms of fitting in. However, it can sometimes take a toll on people as it did for me. I felt like I was sort of fitting in with the general population of students, but somehow I felt a personal disconnect from everyone. I talked with people from time to time, but it just didn’t feel the same as high school.

If you’re a college student still transitioning from high school to college, there are plenty of other people who are still having trouble fitting in. I have to admit, even though my school has a smaller student body than some other schools, I sometimes feel like I’m just there. I go to school, do homework, and take tests. That’s it. I know this is probably hard to hear, but things take time. You’re still transitioning, and this feeling is absolutely normal. As you go through the semester, you’ll likely find your way through things and be able to finally enjoy your college experience.

The College Burnout

College can be a rewarding experience for many people interested in learning and growing in a different environment. Compared to high school, the possibilities seem endless. However, college life can be difficult for some people as well, particularly those who are still transitioning from high school to college. While college can bring exciting new opportunities to students, it can also provide additional stress and anxiety with the amount of work and energy demanded.

If you’re feeling college burnout at any time, take some time to relax. Yes, I realize that you have things to work on and study for, but let’s be honest: are you really going to be productive when you’re feeling that bad? Don’t push yourself over the edge; it’s just not worth it.

On another note, try not to give yourself a hard time when it comes to grades. Although academics is central to the college experience, don’t allow yourself to become involved only in academics. You’re going to make mistakes. It’s going to suck. But yet, we’re all human. No one’s perfect. You can continue to beat yourself down over your grades, but what good is that going to do? There’s so much more to life than just grades. Your happiness comes first. You might argue that good grades equal greater job opportunities and more money. Look at the expectations you’ve created. They’re nothing unreasonable or anything, but realize what you’re doing to yourself. You’re tired. You’re unhappy. You feel like giving up. Is this the way to live?

I’m not saying that you shouldn’t pay attention to your academic performance in college, but make sure that you give yourself some credit once in a while. You’re in college. You have an opportunity that others can only dream of. Be proud of yourself for all you’ve achieved. You’ve made it this far. Give yourself a pat on the back and feel proud of everything you’ve done thus far. You deserve it.

College burnout isn’t enjoyable and can almost always affect your college life. That being said, there are other things that can also hinder you from succeeding and being happy in college. To be honest, I’m really struggling in college right now, not just academically. There are days that I feel like I’m at the top of the world and then there are others when I’m in the gutter of despair. You’ve probably heard of this a million times, but college is what you make of it. Be happy, be sad, be angry – that’s your choice. However, know that you deserve to be there, and don’t ever doubt that. Sure, you might have doubts about why you’re there but think about this: you’re there already. Shouldn’t you make the most of what you have now?

Read more

Elzinga Flash Seminar

Feature | 02/16/2017

ECO NEWSLETTER 2.16.17

Meet Alumni Next Week!

Elzinga Flash Seminar

Feature | 08/30/2018

What to Wear: Dressing for the Job Search

Elzinga Flash Seminar

Feature | 11/15/2018

What to Say in Your Cover Letter

What to Say in Your Cover Letter

For someone new to the job market, it can be difficult to determine what to include on both the résumé and cover letter. You may feel that you have no experience to include, and your work experience could be non-existent or very limited.

When composing your cover letter, keep its purpose in mind: The cover letter is written to a specific position, aims to persuade the reader to read the resume, and asks for an interview. Your cover letters will be different each time you send one out. Maintaining the right focus will help you determine what to include in the letter. The type of letter will also help you focus: Are you writing to a recruiter or to a blind job posting? What you know of your audience will also help you focus your letter. Finally, your company research will guide you toward a direction appropriate for that particular opening or desired opening.

Just as you did when writing your résumé, review everything you learned about yourself through your assessments. What are your core values? What is your personality profile? What are your best skills? Why are you drawn to this profession? Put all this information in front of you, and review which aspects from your assessments are best suited to this particular position at this particular company. Also consider which characteristics the reader will likely be looking for. If you are responding to a job post, the post itself can often give some clues. Avoid repeating the desired information word-for-word, but do speak to those requests in the cover letter.

After drafting the letter, if you feel you are repeating the same information that is on the resume, use the same information in the body of your letter, but word it or present it differently. Look for information that you can summarize in one sentence instead of the two or three bulleted points you have on your résumé. Did you work summer jobs in sales? How much did you contribute to the bottom line overall? Were you repeatedly in leadership roles on school projects? Instead of listing each project, combine your experience in one pack-it-with-a-punch sentence. And if all else fails, focus hard on presenting your best accomplishments in a new way, but be wary of overusing your thesaurus.

Also consider how the same information can be presented in a different format. Quantifiable information that is listed as dollar figures on the resume can possible shown as a percentage in the cover letter, particularly if it is a figure that shows growth or some type of (positive) change.

For those who are new to the working world, focus on the educational background, volunteer activities, summer or part-time jobs, and any clubs or memberships that may be applicable. Review your background in all of these areas to see which should be stressed in the letter you are composing. Again, include the information that best meets the needs of the employer, and use that as a guide.

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Delivering the Best First Impression in 30 seconds

Useful tips for making the best first impression in the business world.

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Economist’s Award-Winning Research Probes the Financial Choices of Retirement

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Annual Economics Undergraduate Career Forum

What can you do with an economics major? Almost anything! Join the economics department for a series of career talks and office hours, as well as two career panels moderated by our faculty. You’ll hear from guests with diverse backgrounds and have a chance to ask questions and network with our guests. What do they have in common – an economics major! This program will be of interest to all students who are considering work in the fields of our guests.

 

Feature | 05/01/2020

Macroeconomics Team at the Yearly Economics Research Colloquium

Each year, third-year Economics students present their proposals in the Department's Economic Research Colloquium and they did so this year, virtually. The Macroeconomics faculty and students even kept their tradtiion of taking a group photo after the last macro presentation. Cheers for such great team spirit. Congratulations to all presenters!

Feature | 12/04/2019

Economist Pursues Tool to Help Job-Seekers Find the Right Fit, Faster

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Cover Letter Tips

Some would argue that it’s easier to write a novel than it is to craft an effective cover letter opening. In a cover letter, so much hinges on one paragraph: your intro needs to successfully hook the viewer and compel them to keep reading, market you as a brilliant hire right off the bat, and be original enough to make you stand out. And yet, you only have a few lines to achieve all of this, and you know little about the addressee and what appeals to them.

It’s no wonder that the mere mention of the task tends to paralyze job seekers. But we’re here to help you out of your frozen state. Below are our eight tips for writing a cover letter opening that’ll definitely get you noticed.

1. Avoid generic introductions

Whatever you do, don’t open your cover letter with a line like, “I’m writing to apply for the position of [job title], which I saw advertised on [job board name] on [date]”. It’s dull, it’s uninspiring, and every recruiter has already seen it far too many times. Yes, it’s important to cover key details, like the position you’re interested in and the company name, at the start of your letter, but try do so in a more original way. You could even consider putting these basics in the subject line of your email (if you’re applying digitally) or in a “RE:” header (if you’re sending a hard copy) so you can use your introductory element to get straight to the meaty details that’ll win recruiters over.

2. Let your personality shine through

Naturally, you want to come across as a professional, but don’t open your letter in a manner that’s so excessively formal and dry that you sound robotic. Right from the get-go, you should give hiring managers a sense of who you are—after all, the point is to convince them that you’re a person worth meeting. So, use the first person “I”, inject charisma, showcase your quirks (if appropriate), and generally make it clear that there’s a unique human being behind the words.

3. Express enthusiasm

Enthusiasm is a good predictor of a strong work ethic, so recruiters will be looking for signs of it from sentence one. For this reason, you can’t go wrong if you start your letter by communicating your passion for the field and/or your affection for this company, above all others. Just make sure your declaration of love sounds genuine. You could, for example, include an anecdote (more below) that captures your long-standing devotion to the industry or reference a recent development at the company (like a ground-breaking study they just published) that reaffirms your desire to work for them.

4. Tell a story

Stories tend to make a much bigger impression on people than dry facts do. To make your cover letter opening memorable, start with a short narrative that ties into your love for the subject area or relationship with the brand. For instance, maybe you liked the company’s advertising jingle so much as a child that you once performed it in your school’s talent show. Or perhaps you’re so passionate about sport that you used to fall asleep with a football in your hands when you were young. Or maybe there’s a story worth telling around how you first came across the company as a customer. Whatever the tale, tell it as succinctly and authentically as you can, and it should also help you achieve points 2 and 3 above.

5. Be bold (but first, know your audience)

The best way to make your opening paragraph stand out? Do or say something no one else is doing or saying. Of course, getting a little creative with your opening can be a risky move, so first consider the kind of business you’re dealing with, research the company culture, and take note of the tone of voice used in the job ad. If you’re applying for a job at a startup that’s turning tradition on its head, then there’s room for you to be a bit daring and irreverent, to prove that you, too, can think outside the box. If, however, you’re expressing interest in a position at a large corporate company, like a banking firm, and the job posting uses formal language, then it’s probably safer to go the more conventional route.

6. Lead with an impressive skill or accomplishment

If you possess a relevant ability that few others do or have a major career accomplishment under your belt, then absolutely do open your cover letter with a mention of this fact. Details like these set you apart from other candidates, so you want hiring managers to be aware of them from the outset.

7. Name a mutual contact

One sure way to grab attention in your first paragraph is to mention the name of a common acquaintance, especially if this person recommended that you apply for the role. By associating yourself with someone who’s respected at the company, you automatically improve your chances of getting an interview.

8. Keep it short, sharp, and clean

The job of a cover letter is to sell you and your skills to a prospective employer. So, approach your introduction like an advertiser would approach ad copy—keep it concise, get straight to the point, and try to capture readers in as few words as possible. One tight paragraph will do – after all, the whole letter should be no longer than a page. Also make sure that it’s free of spelling and grammatical errors—typos are the enemy of a successful cover letter opening.

Since 2005, LiveCareer has been helping job seekers create resumes and cover letters via its free resume builder and cover letter builder tools. Also available are collections of free, professionally written resume templates and cover letter templates, all of which are organized by industry and job title.

Clement

Feature | 05/01/2017

UVA Feature: Clement Bohr, Distinguished major, Class of 2017

Photo by Dan Addison, University Communications

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Feature | 07/12/2018

10 Ways to Get the Most out of Your Summer Internship

By CAROLINE CENIZA-LEVINE 

June 8, 2016

A summer internship can be a great way to build your future in the adult workforce – or it can be a big disappointment. Are you sitting around with your fellow interns, swapping jokes because you have little do? This temporary gig is supposed to be more than a paycheck. The whole point of it is to further your education.

You have more to say about how your internship goes than you think. If you aren’t gaining the skills and connections you need, talk to your boss about how to make your experience better. Or even if you are busy, and realize you don’t like this occupation, there are lessons to be learned. An internship is too valuable to waste.

You haven’t landed an internship yet? The good news is that companies are still hiring (and check out these last-minute suggestions to increase your job leads). If you have locked down an internship, make the most of it by following these 10 tips:

1. Don’t put up with a do-nothing internship. Horror stories abound about interns sidelined into indolent, clock-watching existences. Or relegated to mindless tasks like fetching coffee or cleaning up the stockroom. Sure, you can’t expect to be plotting corporate strategy as a 20-year-old, two-month temp. But you should politely keep after your boss to make the most of you.

Your manager may not know how quickly or effectively you work, so don’t be alarmed if you’re not given much to do at first. Let your manager know you’re available to do more. Ask for suggestions on how you can learn more about the company and industry. Perhaps there are old company reports you can review. Showing initiative to learn and remain productive will endear you to your boss.

2. Convert your internship into a full-time position. This means doing a great job with the responsibilities given to you right now. Get regular feedback from your manager so you know you’re meeting expectations. If there’s a formal evaluation form, get a copy in advance so you can keep track of what your objectives should be. Ask the human resources department for the official process to be considered for extended employment. You don’t want to miss any steps or deadlines.

3. Get a professional reference (or two). Stay close to your manager so you can get a strong professional reference from him or her. Your internship program may not lead to another job there, but a strong reference can set you up for one elsewhere. Also ask for a reference from others you helped. For example, if you interned in marketing, you may have closely supported the salespeople. Toward the end of your internship, collect their personal contact information, in case they leave the firm by the time you need the references.

4. Identify your valuable strengths. Internships also are voyages of self-discovery. Sometimes skills that come naturally are ones you overlook, and it’s helpful to have others pinpoint them for you. If your internship doesn’t have an official evaluation form, ask for this feedback. This provides you with good talking points when you meet future employers.

5. Identify your weaknesses. Sometimes, managers hesitate to give criticism. Soften the request for a candid critique by asking how to improve for your next role. Not knowing your weak points can hinder you: You won’t know what you need to correct, or whether the job is right for you.

Perhaps you love working in a law firm but aren’t attentive to detail. As an attorney, you will need to be meticulous about the small things, so you need to focus on them in the future. Or your brash personality may not be the right fit for a career in a buttoned-down corporate climate, and nothing will change that. Such self-knowledge will benefit you well going forward.

6. Develop new skills. If your internship offers training workshops or mentor pairings or any other skills-building endeavors, make sure you take advantage of these. Find out the calendar in advance, and give your manager plenty of notice, plus a game plan for how you will make up the work if the extra training interferes with your duties.

7. Broaden your network. Gaining skills isn’t the whole story with an internship. Getting to know people who may help you later is a big goal. Even if no organized networking forums exist, being in the workplace each day means you are meeting new folks constantly. Take your lunch breaks with different co-workers over the summer. Ask your manager for introductions. Attend any company-sponsored events open to you.

This goes for full-time employees and fellow interns alike. Your peers are a great resource because you have a shared experience. Introduce your immediate colleagues to your fellow interns, and ask peers to do the same for you. If you got your internship through a larger organization, keep in touch with its interns outside your company, too.

8. Add new accomplishments to your resume. Note what you’re learning and doing on your resume while it’s fresh in your mind. What technical and computer skills are you using? What types of analysis are you doing? What tangible results have you achieved?

9. Strengthen your online profile. In addition to your resume, update your LinkedIn profile. A word of warning: Be careful about sharing your internship experience on social media. Don’t reveal confidential information – like that research you’re doing for an initiative that is not yet public. Do not share business goals or insights. Furthermore, keep your tone professional and positive. Trashing your boss on the Web, where everyone can read it, including the boss, could come back to harm you.

10. Learn from a bad experience. Not all internships are nirvana. If you don’t like yours, figure out why. This gives you a clearer picture about what you don’t want in your adult career. Is it the day-to-day work? Is it the people? The pace? The growth prospects? The industry or subject matter? Bad experiences are instructive. Remember: You take an internship to learn, about what a job is like and what you are like.

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Feature | 08/17/2019

9 Tips for Thinking on Your Feet When You're Put on the Spot and Have to Sound Smart

9 Tips for Thinking on Your Feet When You're Put on the Spot and Have to Sound Smart

By: Stacey Lastoe
Source: The Muse

1. Focus on What’s Important

If you’re nervous [about speaking up in an impromptu setting], it probably means you’re overly focused on how other people are going to perceive you. Instead, focus on what’s being discussed and think about three questions: What do I not understand which could be better clarified? What question could I ask that would advance the discussion? What perspective or insight do I have that’s shareable? Don't worry about ‘looking smart’ or making some amazing point or comment. It’s a discussion, not a debate. 

Bruce Eckfeldt

2. Repeat the Question

One of the hardest parts of contributing to a conversation or answering questions in meetings is feeling as though you are under pressure to produce an expected response. One way to overcome this feeling is to not jump into your feedback too quickly. If your response isn’t clear, it can come off as an incomplete thought, or it may fail to address the question. To calm your nerves and come up with a thoughtful answer, simply repeat the question that was asked. This will ensure that you completely understand what’s going on before you attempt to contribute to the conversation. 

Allison Tatios

3. Call Upon Your Knowledge

People usually talk about the things that are of interest to them (professionally or personally), or information most relevant to the organization. Use your knowledge to generate questions that demonstrate your involvement in the conversation. Engaging others by asking questions puts them in a position to share more information, and it takes the stress and pressure off of you. For example, if one of your managers or leaders discusses the company mentoring program, ask her about her best or worst mentoring experiences. You can relay your enthusiasm or interest by restating highlights of what she shared. 

Adrean Turner

4. Take a Deep Breath Before You Do Anything Else

If someone asks you a question that catches you off guard, pause, look thoughtful, and say, ‘That’s a really interesting question. Let me take a minute to think about it.’ This gives you a moment to take a deep breath and collect your thoughts before responding. You’ll be less likely to get flustered. It’s a strategy that works well in interviews, too, if you’re asked a question you don’t have the answer to. 

Heidi Ravis

5. Project Confidence

This all boils down to having confidence in yourself. If you know who you are and feel good about what you’re doing, are regularly and positively engaged in your work, have learned the industry and, in general, have strong interactions with your peers and managers, you should feel comfortable sharing your insights and opinions in any given situation. 

Kristina Leonardi

6. Stop Being Afraid

Get over your fear of looking stupid. If you make a mistake and say something that isn’t immediately met with nods of agreement or approval, that’s OK. Follow your inner voice, and have your own thoughts. Asking a question is an easy way to assert yourself without risking too much if you’re especially nervous about adding to the conversation. But, if that’s the case, and your fear is making you mum, I recommend reading Patricia Ryan Madson’s Improv Wisdom, Don’t Prepare, Just Show Up

Anna Runyan

7. Take a Moment of Silence

Silence can be golden, so don’t be afraid to use it. If you’re unsure of how to answer a question, or are searching for the right words, it’s OK to pause for a bit before speaking. You can say, ‘Let me think,’ or ‘That’s a great question,’ while you piece your thoughts together in your mind. These phrases help buy you time until you’re ready to present the ideas swimming in your brain.

Ryan Kahn

8. Provide Your Point of View

I find it fascinating that when we’re asked for our input on a given topic, we often freeze up, or we feel unqualified to speak. You hold back because you don’t think you have enough expertise. But, you don’t gain expertise by keeping your mouth shut. You gain it by putting your ideas out there, and following what sticks. One of the biggest revelations I’ve helped my students achieve, is understanding that, while you may not feel entitled to share an expert’s opinion, you are always entitled to share your point of view. When you acknowledge that you’re providing your point of view, it takes the pressure off of needing to know everything, and helps you feel at ease sharing your thoughts. 

Rajiv Nathan

9. Avoid Going on the Defense

When we feel caught off guard, it can be easy to get defensive. If, during a meeting or spontaneous conversation, a colleague rattles off a litany of criticisms as to why your proposal won’t work, resist rejecting them by responding with ‘No, but...’ Instead, try the ‘Yes, and...’ strategy, a technique borrowed from improv comedy. By saying, ‘Yes, and... here’s how we overcome those challenges...’ you move the conversation forward. You inspire creative problem-solving, invite possibility, and create an atmosphere for constructive conversation.

Melody Wilding

 

Need a little help in your job search? Book one of these coaches for a one-on-one strategy session.

Feature | 03/27/2019

Derrick Wang, third-year economics and mathematics double major, is UVA's New Student Member of the BOV

Feature | 10/11/2019

Cailin Slattery Wins National Tax Association Dissertation Award

Cailin, who graduated in 2019 and is now an assistant professor of Economics in the Columbia Graduate School of Business, won the award for her dissertation “State Competition in the Market for Firms.” For more information, please visit the National Tax Association website: https://ntanet.org/awards/phd-dissertation-award/ . 

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Economist: Societal Costs of COVID-19 Outweigh Individual Costs

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Feature | 05/13/2019

Tips for Making the Most of Your Summer Internship

Tips for Making the Most of Your Summer Internship/Job

Compiled by Sabrina Grandhi (Econ 2019, Consultant Cornerstone Research

  • Ask to Meet with your Supervisor-First Team Meetings:

    • Meet with your boss/manager to go over your projects.

      • Want to outline expectations and understand what deliverables & deadlines you might have

      • Make sure to communicate about your strengths and weaknesses

      • Help your manager understand the best ways you learn and how they can help you learn

      • Be clear about when you might need/ask for help

      • Understand what checkpoints you will have and what is expected of you at each check-in

  • Finding the right fit:

    • Be true to your interests and what gets you excited about work—problem solving, combing through data, presenting to your team, etc.

    • Try new things but don’t be afraid to be honest about what you like and don’t like, there are so many jobs out there.

    • Be humble throughout the entire process—recruiting, working, every part

    • Try new things!!

Read this: How to Make the Most of Your Summer Internship (Recommended by the Economics Career Office)

Elzinga Flash Seminar

Feature | 08/12/2016

What College Can Teach the Aspiring Entrepreneur

How do you use college to learn how to be an entrepreneur? For the student looking to launch a company after graduation, the answers to the typical questions—where do you go to school, http://online.wsj.com/articles/what-college-can-teach-the-aspiring-entrepreneur-1414965300

Elzinga Flash Seminar

Feature | 02/07/2017

ECO NEWSLETTER 2.7.17

Another Career Fair Approaches! New Job Postings! Economics Career Forum!

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Feature | 04/01/2019

10 Great Skills You Can Teach Yourself

10 Great Skills You Can Teach Yourself

by Stephan Maldonado | March 22, 2019

In a competitive job market, employers typically encounter many highly qualified candidates with impressive resumes and interesting backgrounds—particularly among MBA candidates. When making the tough decision between one excellent candidate and another, a hiring manager will often look for something that sets you apart—fluency in another language, for instance, or a special skill.

Many of the skills that stand out to hiring managers are taught in class or learned throughout your career, but taking the initiative to teach yourself new skills is a great way to bolster your resume. You can find anything on the internet these days. Platforms like Coursera, Udemy, or edX offer a bevy of free or low-cost courses that you can take at your own pace, and there are many other websites and products dedicated to teaching specific skillsets.

If you're looking for ways to bolster your resume and stand out from the crowd, here are ten great skills you can teach yourself.

1). Coding

Even if you didn't pursue your MBA with the intent to pivot to a career in web development, basic coding is still an excellent skill to have—especially if you work in the digital or tech spaces. Codeacademy and The Odin Project are two great, free platforms (although Codeacademy does have a paid option) that can teach you HTML, Javascript, CSS, and a variety of other coding languages.

2.) Graphic Design

Employers love to see experience in a wide variety of programs, and if even basic Photoshop skills are something you can add to your repertoire, you'll be able to demonstrate versatility and creativity. Format Magazine (a publication of Format, the portfolio-building platform) compiled a great list of 11 free online graphic design courses, which even includes a course from MIT OpenCourseWare.

3.) Content Management Systems (CMS)

A content management system is a platform that manages the creation of digital content for a website. While many companies use their own in-house, proprietary CMS to host their website content, many others use services like SquareSpace or WordPress. Because every CMS is different, learning how to use one is specific to each. However, platforms like WordPress offer free or low-cost tutorials to teach you how to use them (check out WP 101 as an example). Being familiar with the features of at least one CMS puts you at an advantage when it's time to learn a new one.

4.) Microsoft Excel

This seems either obvious or cliché (and it probably shouldn't go on your resume), but there is no overstating the importance of knowing at least a few handy Excel formulas. With enough formulas to fill an entire spreadsheet (there's a reason Udemy's course contains 16 hours of videos), there's virtually no limit to what you can do with Excel. Knowing your way around a workbook will make your job much easier.

5.) Search Engine Optimization (SEO)

Search engine optimization is an essential component of any company's online success. SEO is essentially a multidisciplinary strategy for optimizing a website in order to appear on the first page of Google when somebody searches for a term relevant to your business. It's a booming and rapidly changing industry, and employers are always on the lookout for people who keep up with it. Moz, a leading SEO platform, has a free Beginner's Guide to SEO and a truly insightful blog that offers plenty of resources.

6.) Marketing Analytics

Understanding how to analyze a company's performance with respect to its marketing efforts, and gleaning insights from trends, data, and user behavior is a highly impressive skill. Google Analytics, which is one of the most popular tools for measuring marketing performance, has a free online class called Analytics Academy that can teach you the basics or help you refine your advanced skills. The Moz blog also has an extensive analytics section.

7.) Social Media Marketing

A brand's reputation and growth on social media depend on so much more than posting content. Successful social media marketing is an entire strategy that depends on following trends, analyzing data, and maintaining a relationship with your followers. Again, Moz has an extensive section on their blog devoted to this topic, and DIY Genius has a great list of 10 free online courses for social media marketing

8.) Copywriting

Being able to write professionally is absolutely essential; copywriting, however, isn't a skill that everyone has. The ability to write persuasively and with purpose, particularly for the web, is definitely a skill that might come in handy when you least expect it. Copy Hackers has an entire suite of copywriting tutorials, articles, and other resources.

9.) Stock Trading

Whether you're in investment banking or stock trading, knowing how the stock market works is an invaluable tool, both personally and professionally. InvestopediaStockTrader.com, and Morningstar, Inc. all offer great information to help get you started. Your bank may also provide resources and advice.

 10.) Blockchain

Blockchain is the ridiculously complicated technology behind bitcoin and other cryptocurrencies, which is arguably one of today's buzziest industries. The FinTech industry, especially, is looking for people who keep up with this emerging technology. Coursera has a Blockchain Basics course, and Medium also points to some good resources.

Read more here.

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Feature | 08/08/2017

ARTICLE - 5 BEST APPS FOR TIME MANAGEMENT

"These days, we do lots of things online. While this saves us a lot of time, it also demands more focus and concentration on our part. With all the distractions the internet offers, you may want to use some effective time management tools to eliminate them." -Jack Milgram

 

Click here to read the rest of the article. 

Jonathan Colmer

Feature | 05/17/2018

Professor Jonathan Colmer discusses his latest research with UVA Today

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Feature | 07/12/2018

6 Ways to Make the Most of Your Summer Internship

Vincent Tsui for HBR

Around 75% of college students, at some point, work in an internship. These experiences can be tremendously valuable, providing young workers the opportunity to build skills for their resumes and meet people who are working in their preferred industry. Increasingly, they are the likeliest route to full-time employment and are even offered year-round rather than only during summer months. But they can also be difficult adjustments for young people who have little to no experience in professional offices. It can be hard for someone to stand out and make the right impression during a three-month stint spent adapting to such a new environment.

How can interns learn what they need to know, impress those they work for, and secure a job recommendation or full-time offer in such a brief period of time? I consulted 20 professionals who have worked with or supervised interns in higher education, business, law, and nonprofits, and compiled the most valuable advice for interns from their stories, my own observations, and management literature. This advice won’t cover everything, but it does offer a starting point for interns.

Start with relentless punctuality. Show up on time (or early) in the morning, arrive for meetings before they begin, and complete tasks by their deadlines. When I asked professional contacts for their advice to interns, they consistently listed punctuality as a critical success factor. Ryan, an executive in a municipal government, says, “Always be on time. Summer internships are for a short, defined period of time, so give it 100%. Be willing to get to the office early and stay late.” As an intern, you are both a guest in a new environment and a colleague on whom others must rely — make sure that you respect those colleagues by being on time.

Complete each task with excellence. Whether an assignment is mundane or exotic, pursue it with relentless drive and a determination to exceed. If you’re asked to make coffee, make the best coffee your colleagues have ever had. If you’re asked to make an Excel model, over-invest your time and effort in assuring it’s right, aesthetically appealing, and thorough. Amy, a food and beverage executive puts it this way, “Finish the assignment or project with excellence — anything else you do is bonus, but please start with the assignment given.” Even if the project seems small or unimportant, do not give in to the temptation to complete it with anything less than your best, and don’t decline a project just because it doesn’t interest you. Katie, a tech industry executive cautions to “[never] say no to small opportunities because [they don’t] fit your idea of work.” Repeated, enthusiastic, and excellent delivery of assigned tasks is the building block upon which everything else in your internship will rest.

Take on more work — without being asked. Use excess time to take on new and important work, assignments others don’t want, or projects that are needed but not yet clearly defined. A nonprofit healthcare executive counsels, “When you see something you can do, do it.” I still remember the names of interns I’ve worked with who never let themselves sit idle and took on new projects with little or no guidance. Gary, a finance executive, told me, “Sitting at the desk checking your most recent Twitter feed while you wait for someone to give you something to do is one of the best ways to not get an invite back.” Deliver what no one is expecting — or what no one else is willing to do — and you’ll not only be appreciated, but remembered.

Be resourceful. Research a topic thoroughly before asking a full-time colleague or manager for help, and take the time to reflect and come up with your own insight or solution before consulting others when you uncover a problem. Amy, the food and beverage executive above, recommends, “Look for the resources you need on the internal websites or ask other interns before [asking] your coach.” She notes that it’s a mistake to “ask too many questions that show you didn’t even try to look for the answer yourself.” It’s critical that your colleagues view you as someone who is resourceful and independent enough to bring something new to the table instead of just stopping every time there is a bump in the road.

Ask questions — good ones. The hallmark of an intellectually curious, diligent colleague is the quality of his or her questions. Renowned management thinker Clay Christensen recommends spending time formulating the right questions. Ben, a management consultant, agrees: “Think — in advance — of questions to ask. If you are meeting with a peer or superior, think of thoughtful questions you can ask to demonstrate you’ve prepared for the meeting and respect her time.” If you’re in a meeting with senior colleagues, think less about your answers to their questions and more about what you see missing — the questions no one else is asking. When you hear someone ask a great, conversation-altering question, write it down and reflect on what made it so special. And, as a rule of thumb, make sure you ask one or more authentic questions in every meeting you attend. Following this advice will hone your ability to ask questions that lead to real insight and will ingrain in you the essential habit of intellectual curiosity.

Build professional relationships. Internships usually last only a few months, and in that context, it’s easy to either focus solely on your work or to make connections only with the other interns working around you. But forming broad, deep relationships within your team and throughout the organization can help you manage your current responsibilities while also boosting personal development. You’ll also make yourself more memorable to those around you and create a network of contacts to reach out to when you’re ready to find your next job. Invite colleagues to lunch. Ask them questions in informational interviews. Offer to help where you can. Observe the great relationship-builders in your firm and learn from them.

Internships are hard work. And doing only what’s expected of you isn’t enough to be noticed. You need to go above and beyond, from arriving on time to doing exemplary work, and make the most of your time in the organization.

Elzinga Flash Seminar

Feature | 08/12/2016

What Color Is Your Parachute?

Article on: Are You a Parachute Counselor, by Dick Bolles 

This article captures the essence of the book and students may want to read it independently, or follow up by checking out the book in its entirety.

Elzinga Flash Seminar

Feature | 05/30/2017

ARTICLE - TOP 10 JOBS FOR ECONOMICS MAJORS

"If you're the analytical type, fascinated by the world around you, then an economics major might be a good choice for you. A degree in economics can be used in many areas, including public policy and finance. You can use an economics degree to study industry trends, labor markets, the prospects for individual companies, and the forces that drive the economy.

Economics majors learn to gather, organize, and interpret data, using mathematical formulas and statistics to make calculations. They also create models to predict the impact of investments, policy decisions, industry trends, demographics, climate change and much more."-Mike Profita

 

Click here to read the rest of the article. 

 

 

 

Elzinga Flash Seminar

Feature | 09/12/2016

ECO NEWSLETTER 9.12.16

Updates from the ECO with Jobs, Events, and Workshops!

Devaki Ghose

Feature | 09/12/2018

Devaki Ghose, Invited to International Econ Program at Dartmouth

In 2017, the Department of Economics at Dartmouth College began a Visiting Ph.D. Program in International Economics.  According to the program website “The program will provide funding to current Ph.D. students with high potential who have completed their coursework to visit Dartmouth College. There are no teaching or RA obligations associated with the position: visiting students are simply expected to be active members of the vibrant Dartmouth international economics community. “ Students from universities around the world apply and, each academic term, one is admitted to the program. Devaki was selected during the 2018 winter term and describe it as “one of the most rewarding experiences I had in recent years. My supervisor at Dartmouth, Treb Allen, not only provided invaluable academic input, but also encouraged me to dream bigger and push my ideas further. The vibrant academic community there, comprised of established professors and enterprising post-doctoral students, provided me with constructive criticism and fresh ideas that infused my project with new energy. I think what makes Dartmouth a very special place is that it is a top school with no graduate program in economics. Being the only graduate student for the term, all the professors had lots of time to talk about my research and interact with me. I will recommend every student in international economics to consider applying for this program in future.”

 

Feature | 03/25/2020

Moogdho Mahzab Presents at PacDev Conference

Moogdho Mahzab, a fifth year PhD student of Economics, presented his paper "Dishonest Politicians and Public Goods Provision" at the Pacific Conference for Development Economics (PacDev) 2020, hosted by University of California, Berkeley, on March 14. The conference was organized virtually with around 300 people joining it. A good number of papers on development economics were presented by researchers from around the globe. Moogdho presented his work at the "Taxes and Public Goods" session. PacDev is one of the  most engaging and academically rewarding conferences for development economists, and it has been doing a great service in past years of bringing development economists together on one common platform. More information about the conference could be found in the following link: PacDev2020.

Elzinga Flash Seminar

Feature | 08/24/2018

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Feature | 09/09/2018

Register for Princeton Fintech and Quant Conference

We are pleased to invite you to the 2018 IIT Stuart - Princeton Fintech and Quant Conference at IIT Stuart School of Business in Downtown Chicago, IL. The conference will feature speakers and panelists from leading trading firms, banks, and hedge funds from around the country, as well as from financial technology firms and startups. Our speakers will provide real fintech and quant insights from the trenches. There will be opportunities to network with leading professionals and fellow top students and gain an insider's view of this fast-paced and exciting sector of finance and technology as well as learn about internship and employment opportunities.

The biggest trend right now in the Fintech space is blockchain technology. While Database and Networking technologies have evolved separately over the years, blockchain is at the intersection of these technologies and it enables systems that maintain a single version of data across a network using consensus algorithms. These consensus algorithms are based on cryptography concepts. This year's conference will feature speakers from this space as well as educational talks and workshops.
 

Over the past seven years, we’ve brought together more than 120 high-level industry professionals and 2,500 students in Princeton and in Chicago to discuss the leading trends in quantitative trading. This year’s spring conference will take place on Saturday, October 20th, at the IIT Stuart School of Business in Downtown Chicago, IL. Below are just a few of the companies that have been represented and recruited at previous conferences:

  • Deutsche Bank
  • JP Morgan
  • Two Sigma
  • Princeton Alpha
  • Ripple
  • AQR
  • Quantopian
  • Domeyard LLP
  • Portfolio Effect
  • Byte Academy
  • Cindicator
  • Numerix
  • And many more!

    Students and Young Alumni who purchase tickets by Sunday, September 9th will receive 15% off the Early Tickets registration price by including the promotional code ALPHA15. To qualify, students must use their .edu email for registration.

To register, please visit our conference site: 

http://www.princetonfintechquant.org/

or our Eventbrite page: 

https://www.eventbrite.com/e/princeton-fintech-quant-conference-fall-2018-chicago-tickets-46348508637

We look forward to having you join us.

James Harrigan

Feature | 06/24/2016

Prof. James Harrigan on the Brexit

Professor Harrigan shared his thoughts on Brexit, on a live interview on Friday (June 24)! 

Feature | 04/22/2020

Yooseon Hwang Awarded 2020 Arts, Humanities and Social Sciences (AHSS) Summer Research Fellowship

Yooseon Hwang has been awarded a 2020 Arts, Humanities and Social Sciences (AHSS) Summer Research Fellowship for her research on how traffic congestion and environmental amenities affect home prices. Congratulations!

Feature | 05/08/2019

Macro Grad Students Successfully Complete the ERC

In the Econ Department's 2019 Economic Research Conference (ERC), from April 30th to May 2nd, our third year graduate students presented and defended their dissertation proposals. The picture shows our macro graduate students and faculty at the successful completion of the research conference.

Cherry

Feature | 10/10/2016

ECON Alum: Diane Cherry, Class of '89

At the time of the production of this profile, Ms. Cherry worked as the Environments Policy Manager at the Institute of Emerging Issues. Learn more about Ms. Cherry's current position here: http://www.energync.org/page/bio_diane_C/Diane-Cherry.htm

Why study economics?

Economics is one of the most important topics that explain everyday life.  It tells us why consumers and firms behave the way they do and how they relate to each other and to institutions such as the government. As two examples -- economics explains how firms react to different types of regulation and how the Federal Reserve’s monetary policies impact the interest rates consumers face when they go to finance the purchase of their house. Economics can be applied to all kinds of sectors such as healthcare, the environment and education. In nearly every issue or discussion people want to know who is impacted and how much something costs.  All of that requires an understanding of economics. More broadly, economics teaches analytical and problem solving skills that employers continually search for in their employees.

2. What course/professor was influential and why?

Dr. Ed Olsen was the most influential professor I had when I was at UVA.  I was part of the economics distinguished majors program and spent my fourth year doing a research paper on how announcements of money supply affect interest rates and exchange rates.  I really enjoyed the research aspect of the work and wanted to continue as a research assistant in some capacity after I graduated.  Dr. Olsen provided me the names and contacts of several organizations in Washington, D.C. that hire research assistants out of college and I was fortunate enough to work for one organization for two and a half years before I went to graduate school.

3. What made the economics department attractive to you/what made it special?  

The economics department was special for a number of reasons.  First, I really enjoyed the distinguished majors program and the small number of students that were part of that group.  We socialized together and studied together and many of us had similar career interests.  Second, I really had a chance to get to know my professors – Dr. Charlie Holt and Dr. Ed Olsen were two of them-- and I have even stayed in touch with them fifteen years later. Third, the department offered a variety of classes in everything from labor economics to public finance and all of these topics explored economics in a different way. There really was something available for anyone and now the department offers even more classes than when I attended UVA.

4. Your job title is Environments Policy Manager. In your own words, what is it that you do and how is your job related to your major?

I am the Environments Policy Manager at the Institute for Emerging Issues, a public policy organization housed at NC State University and founded by former Governor Jim Hunt.  In my job, I work collaboratively with individuals from all sectors and areas of North Carolina to build collective action in energy, infrastructure, transportation and the natural environment. I also teach U.S. Environmental Policy, Written Communication for Public Policy and other courses in the MPA program at NC State University.  Previously, I worked as a senior policy advisor for North Carolina’s environmental director and as a Presidential Management Fellow for the EPA.

The environmental and energy field is very divisive.  Economics plays an important part of the discussion of what the state of North Carolina should do to encourage everything from the development of renewable energy to the deployment of broadband in rural areas of the state.  The other factor that permeates most of the discussions I am part of is the role of the private and the public sector in solving energy and environmental issues. Depending on one’s viewpoint, there should either be a strong role for the government or the outcome should be left to market.  The conversations are interesting and economics inevitably has a big piece of the discussion.

5. What is an interesting project you’ve worked on?

One of the most interesting projects I worked on recently was developing a workshop for about one hundred stakeholders across North Carolina on the implications of the EPA’s Clean Power Plan (CPP) on North Carolina’s future energy footprint.  The CPP’s carbon dioxide standards reflect “the best system of emission reductions” and each state is obliged to develop an individual program for compliance.  This set of regulations serves as a national signal for the end of coal as the backbone of our nation’s energy needs. Meanwhile, the Plan also opens up enormous market opportunities for manufacturers of energy-efficient products and components of renewable energy systems. North Carolina’s manufacturers excel in both of these product sectors.

6. What advice do you have for students about their time in the department in relation to preparing for next steps?

When I was in my third and fourth year I knew I wanted to work for a while before going to graduate school but I didn’t know where or in what field.  I found the professors an amazing resource to talk with about the opportunities available to economics majors.  Dr. Olsen in particular was really helpful and provided me the names of over a dozen organizations that hired research assistants for two or three years.  I interviewed with several before deciding upon Resources for the Future and that job has influenced my entire career trajectory. 

7. What do you know now you wish you had known while you were majoring in economics at U.Va.?  

I wished I had talked with more students who took different career paths following graduation. Economics is a major that leads to a number of careers. I never really considered consulting or law school but that was in part because I never had exposure to students who worked in those fields.  I believe that the best way to find your path going forward is to get exposure to as many people who have different careers.  Each time you learn something you don’t want to do it is a clearer path to finding what you do want to do.

8. Who (or what) has been influential in your career and why?

My graduate degree in public policy from the Kennedy School of Government at Harvard University was very instrumental toward my career path.  I had an interest in policy issues back in the early 1990s when I left UVA and worked in Washington, D.C. but graduate programs in public policy then were not nearly as prevalent as they are now.  I kind of backed into a public policy career after eliminating a Ph.D. in economics as one of my career options.  My boss at Resources for the Future where I worked as a research assistant had contacts at the Kennedy School of Government and suggested that I apply there for graduate school.

9. What is on the horizon for you/other career goals you have in mind?  

I have really enjoyed teaching public policy courses at NC State University and hope to continue teaching in the indefinite future.  Since I’ve been working about twenty years in public policy it is fun to teach public policy tools to the next generation of professionals.

10. Tell us a fun fact about you.

I really enjoy running and have already completed five half marathons throughout North Carolina.  I don’t think I’ll ever train for a full marathon but running is a great way to relieve stress and ruminate about things that require a lot of thinking.

 

Elzinga Flash Seminar

Feature | 04/21/2019

Making the Most of Your Summer Internship

Making the Most of Your Internship (from Goodcall https://www.goodcall.com/career/internship-tips/)

So – you landed an internship! Congratulations. But the work doesn’t end here. In fact, the real work is just beginning.

Internships are short – most last just a few months. That’s not very long to make an impact on the people around you – not to mention navigate a new industry, develop your skills and build a whole new base of knowledge. That’s why we’ve rounded up our top tips for making the most of your internship in a short period of time.

Be great, not just good

To make the largest impact on a company (and increase your chances of getting a job offer down the line, if that’s your ultimate goal), you need to go above and beyond just average performance. Krehmeyer shares some specific tips for figuring out what separates good from great: “Good interns understand the job. Great intern understand the company. Good interns are always on time. Great interns are the first in and last out. Good interns do exactly what is asked. Great interns anticipate the next step and ask for more. Good interns have strong technical skills. Great interns exhibit strong technial and soft skills. Good interns network well with leadership. Great interns are fully engaged with both peers and managers.”

Be active, not passive

It’s going to take more than just sitting back, keeping your head down and completing your assignments to really make the most of your internship. Take an active role when it comes to communicating with your manager and peers, asking for assignments and stepping outside the box. Palmer advises students, “From your interview to your exit, actively listen and summarize what you hear, be inquisitive and ask questions for clarification, keep your supervisor informed about your progress and activities, seek feedback and receive it in a gracious, professional manner.” He adds, “Don’t wait for assignments during a lull. See what needs attention and offer to help.”

Dowd agrees, suggesting that students take this opportunity as a chance to go outside their comfort zone. “Once you accept an internship,” he says, “it is time to focus on making the experience meaningful.  The more you go outside of your comfort zone on your internship, the more you will get out of it.”

Ask questions

One way to go outside your comfort zone? Talk to people at all levels of the company. Ask people in different departments, at different levels of seniority, to grab coffee or lunch or just to chat for a few minutes. Your new coworkers are the best resources you have to learn about the company and the industry, so just ask. Milliken says, “An internship is a wonderful opportunity for students to ask questions or request informational interviews with those in leadership positions at a company, because most professionals are eager and willing to share insight and advice with current students.”

Marzluff concurs, adding, “Ask someone in a role that you’re interested in to be your mentor. Maybe even suggest weekly or monthly meetings to check in, ask questions, and shadow.”

Reflect on your experience – both during and after

To really make the most of your internship, you need to think about the effect it’s having on your professional development – both after the fact and while you’re there. Palmer tells students, “Take the time to think about what you’re learning – not just about the organization, industry, or projects, but about yourself.”

Another great way to reflect on your progress is to ask for feedback often, from your manager and from others you work closely with. And don’t just take in the good. Marzluff encourages students, “Be open to receiving both negative and positive feedback. This is your time to fail fast.”

Stay in touch

The final thing you can do to make the most of your internship? Make sure you make a good impression right up until you leave, and then stay in touch with your contacts there. That means thanking your employer for the opportunity, saying goodbye to your manager and teammates and giving them the opportunity to connect with you in the future.

Palmer says that reaching out with thanks before you leave may make your employer more likely to write you a generous letter of recommendation down the line: “Appreciate the opportunities and support that you receive throughout your internship and always send a farewell message to your colleagues, not just your supervisor, extending your gratitude for the experience. In turn, your supervisor may show thanks to you by offering a letter of recommendation for you to share with future employers. Burrows suggests doing the same, as well as asking coworkers to connect on LinkedIn for future networking. “As they leave the internship,” she recommends, “students should thank anyone they have worked with and ask to connect on LinkedIn. Then, use the connection to stay in touch for future opportunities.”

Read more here!

Gwendolyn Cassaday

Feature | 11/27/2018

UVA alumna and Economics major, Gwendolyn Cassady, launches sewing shop for Afghan Refugees

Feature | 10/21/2019

Current and Former UVA Econ Students at UEA Conference

Devaki Ghose (job market candidate) and Moogdho Mahzab (5th year student) presented their work at the 2019 Urban Economics Association (UEA) conference in Philadelphia (hosted by the Federal Reserve Bank of Philadelphia) on October 11-12. Devaki presented her job market paper,  "Trade, Internal Migration and Human Capital: Who gains from India's IT Boom," under the category of “Best Student Paper,” and Moogdho presented his work, "Dishonest Politicians and Public Goods Provision," during the “Public Goods” session. Caitlin Slattery, a recent PhD graduate from UVa, now assistant professor of economics at Columbia Business School, also presented her work at the conference. Graduate students and faculty members working on urban and regional economics around the globe joined the conference. Dave Donaldson (MIT) and Enrico Moretti (Berkeley) gave the keynote presentations. More information about the conference can be found here: http://www.urbaneconomics.org/meetings/uea2019/ .

Feature | 10/05/2018

4th Year Moogdho Mahzab leads Impact Evaluation Training in Bangladesh

This short course provided training on impact evaluation on quasi-experimental research. Participants learnt about important econometric techniques used in policy research design. Those techniques included but were not limited to matching, instrumental variables, propensity score weighting, regression discontinuity and panel data methods.  A separate session introduced participants to the features of randomized controlled trials.  The two days of training focused on using programming languages like STATA in hands-on empirical exercises, understanding and comparing the identification strategies associated with different econometric methods, assessing the robustness of results and learning efficient ways to report them. It was organized by the South Asian Network on Economic Modeling (SANEM). The approximately 25 participants--including young researchers from different research organizations, young faculty members from private and public universities, and central bank officials—offered very positive feedback on the program. 

Elzinga Flash Seminar

Feature | 03/07/2018

ARTICLE: NETWORKING IS JUST CHATTING

"Networking. Just seeing the word is enough to make your palms sweaty and your mouth dry. When someone brings up the idea, you begin looking for a way to escape. But networking is essential to advancing in your career." - Karyn Mullins

Click here to read the rest of the article. 

Amalia Miller

Feature | 08/18/2016

The Impact of Female Law Enforcement

In 2014, Professor Amalia Miller, studied the effects of integrating female law enforcement. See the original paper here.

Feature | 09/26/2019

New Graduate Economics Club Committee Members

Please welcome the 2019 Graduate Economics Club Committee members, from left to right: Danielle Parks (1st year), Suchi Akmanchi (2nd year), Dan Harper (3rd year), Joe Anderson (1st year), Fiorella Pizzolon (President, 4th year), and Pooja Khosla (4th year).

 

 

Elzinga Flash Seminar

Feature | 06/07/2018

How to Answer "Why Do You Want to Work for Us?"

One of the more common interview questions these days, especially for entry-level positions, is some form of "Why do you want to work for us?" Other forms of this question include "What attracts you to our firm?" and "What about our firm excites you?" Whatever the exact phrasing you receive, there are a few things you want to get across as clearly and concisely as possible when answering.

Elzinga Flash Seminar

Feature | 05/17/2016

ARTICLE- THESE ARE THE BIGGEST SKILLS THAT NEW GRADUATES LACK

"Managers and employees don’t always see eye to eye. Fast Companyuncovered a wide gap in the way each group thinks about business cultureand their radically different ideas about work-life balance."-Lydia Dishman

Click here to read the rest of the article

Feature | 11/01/2018

CAILIN SLATTERY PRESENTS JMP AT UEA MEETING

Cailin Slattery presented her job market paper "Bidding for Firms: Subsidy Competition in the U.S." at the Urban Economics Association Meeting at Columbia University in New York City. She received valuable feedback on her paper and discussed her research with Urban Economists from all over the world. She also had the opportunity to attend talks by Ed Glaeser, Raj Chetty, and recent Nobel Laureate Paul Romer.

In her job market paper, Cailin studies how U.S. states use discretionary tax breaks and subsidies to compete for individual firms to locate and create jobs in their jurisdictions. This policy has been well publicized with the recent competition for Amazon's second headquarters, but it is not an Amazon-specific phenomenon --- states spend billions of dollars each year on discretionary subsidies to attract a handful of large firms. However, it is still debated whether subsidy competition is a zero-sum game which only serves to transfer rent from states to firms at no national welfare gain, or if subsidies actually cause firms to locate where they create more value for a state. 

In order to address this debate empirically, Cailin hand-collected a new data set on state level incentive spending and firm-level subsidy deals. She then uses the data to estimate a model of subsidy competition, where states bid for individual firms in an oral ascending auction. This allows her to answer two open questions about subsidy competition: how do states value a given firm, and how important are subsidies to a firms' location decision?  Her estimates provide the first empirical evidence that states use subsidies to help large firms internalize the positive externalities they have in a state. Specifically, she find that states value not only the direct jobs the firm promises to create when determining their subsidy offer, but also the indirect jobs they are expected to create through agglomeration.

Next, she uses the model to estimate the effects of a counterfactual subsidy ban, and evaluate the welfare implications of subsidy competition.  Her counterfactual results confirm that subsidy competition is not a zero-sum game. In fact, competition increases total welfare (the joint payoffs of states and firms) by 20% over the subsidy ban. However, the entirety of this welfare gain is captured by the firms. Although individual states are better off, the aggregate welfare of states decreases relative to the subsidy ban. In short, the states, as a whole, are worse off with competition, because they have competed away much of the value a firm creates in their location.

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Feature | 04/10/2017

Using Twitter to track the FX Market

See Professor Van Wincoop and Vahid Gholampour's research here: http://www.people.virginia.edu/~ev4n/papers/twitter_Feb_27a.pdf

"Traders need look no further than their Twitter feeds to gain an edge in currency markets, according to a new study by a pair of academics.

Buying and selling the euro based on predictions tweeted by currency watchers would give you risk-adjusted returns almost four times bigger than standard carry-trade strategies, Vahid Gholampour and Eric van Wincoop found in a paper published last month." - Bloomberg, Liam Vaughan

Tuition

Feature | 09/29/2016

Dropping application fees for low-income students

A 2013 report by Professor Sarah Turner and Professor Caroline Hoxby of Stanford University, has helped inspire colleges to drop application fees for low-income students.

See their research here.

Ed Olsen

Feature | 09/27/2016

Professor Ed Olsen Calls for Low-Income Housing Reform

"Olsen is a professor of economics and a professor of public policy in the Frank Batten School of Leadership and Public Policy. He began studying low-income housing assistance in the 1960s, shortly before joining the UVA faculty in 1970. He was one of only two economists in the country studying housing assistance and was invited to serve on President Richard Nixon’s Housing Policy Review Task Force in the early 1970s. In the decades since that appointment, he has testified before Senate and House committees several times, provided research and expertise to policymakers and generated some of the most respected studies in his field.

On Wednesday, Olsen spoke in a subcommittee hearing discussing better ways to house vulnerable families. He highlighted the benefits of offering rent subsidy vouchers for existing housing instead of continuing to subsidize the construction and maintenance of the subsidized housing projects that have proliferated in the U.S." (Caroline Newman)

See Professor Olsen's paper and oral testimonies:

Read more here: https://news.virginia.edu/content/senate-hearing-uva-economist-calls-low-income-housing-reform?utm_source=DailyReport&utm_medium=email&utm_campaign=news

(Photo by Dan Addison, University Communications)

Feature | 12/11/2019

PhD Candidates Present at SEAS

In November 2019, Ekaterina Khmelnitskaya and Miguel Mascarua presented their research at the annual conference organized by the Southern Economic Association in Fort Lauderdale, Florida. This large three-day conference included presentations by a diverse set of scholars from universities and government research organizations from all across the United States, including the top universities like Harvard, Princeton, Columbia, etc. Ekaterina presented her paper “Competition and Innovation in the Pharmaceutical Industry” that studies how competition between novel drugs that have not yet entered the market affects the rate of innovation in the industry. She also discussed a paper presented by a researcher at the Federal Trade Commission. Both papers were part of the panel on Industrial Organization and Health. Miguel presented two papers during the sessions. The first one was his job market paper “Weak laws, informality, and organized crime: An establishment-level approach” that quantifies the costs of weak institutions on aggregate output. Also, he presented a work-in-progress titled “A whiter shade of wealth: Skin color discrimination and the distribution of wealth.” Both sessions were productive since he received excellent feedback that will improve the quality of his work.  

 

Elzinga Flash Seminar

Feature | 08/30/2016

ECO Newsletter 8.30.16

Economics Internship and Job Search Basics Workshops - Now open!

Elzinga Flash Seminar

Feature | 12/06/2018

7 Jobs with the Best Employment Prospects in 2019

New technologies are popping up daily, and automation is on the rise. The result is a labor market that’s evolving at a dizzying rate, with certain roles becoming redundant and others (some of which didn’t exist a decade ago) becoming increasingly important. It goes without saying that if you want to remain relevant amid all the flux, the answer lies with the latter positions. 

Below, you’ll find the seven occupations that employers will be placing the most value on in 2019 and beyond. If you’re already working in these fields, then you’re in luck—the future looks especially bright for you. And if you’re currently considering a career change, or you’re about to embark on studies, then take note—these are the 2019 jobs that are most worth pursuing. 

1. Data Scientists

Become a data scientist or analyst, and you’ll have companies everywhere begging you to work for them. As industries across the board start to realize the importance of basing business decisions on collected data, they’ll be looking to hire professionals who are adept at using machine learning and other digital tools to conduct statistical analyses and derive meaningful insights from numbers. Those professionals with expertise in AI, data visualization and communication, and big data storage are especially sought after. And as there’s a major skills shortage in this field across the U.S., data science specialists can demand a rather high salary.

2. Web and Software Developers

For obvious reasons, the IT and computer science sectors will continue to see major hiring increases, and two roles that aren’t going anywhere are those of web and software developer. The need for professionals who can research, design, code, and maintain websites and software programs is driven by the growth of the e-commerce market and the rising demand for mobile apps, advanced operating systems, and online games. As the digital world continues to develop at a rapid rate, a growing number of businesses and government entities are relying on the services of developers to keep up with the times.

3. Sales Representatives with Specialized Knowledge

Another one of the 2019 jobs that’s bound to hold a lot of heat for jobseekers is that of sales representative, but particularly within novel, niche fields. With the retail landscape evolving rapidly, and new products and services being developed daily, businesses are finding that they need sales professionals with a unique understanding of their offering in order to sell it to clients and consumers effectively. For instance, as the demand for green technology grows, companies involved in this sector are calling for sales representatives who are familiar with all the intricacies of renewable energy products, like solar panels, so they can spell out the benefits of them to potential customers and business partners.

4. Data Protection and Privacy Officers

New regulations that govern how businesses collect, store, and use consumers’ personal information are encouraging companies to recruit professionals who can help them comply with these requirements. The General Data Protection Regulation (GDPR), for example, might only apply in EU member states, but it’s impacting all businesses that offer services to EU-based citizens. Consequently, even enterprises in the U.S. are recognizing the need to hire someone who can assist with implementing processes that will ensure they remain on the right side of the law. In addition to data protection professionals focused on consumer privacy, companies will also increasingly be looking to hire information security analysts to help them safeguard their own networks and systems against the growing threat of cyberattacks. 

5. Health Practitioners

Needless to say, we’re likely always going to need the services of healthcare providers, but the demand for these professionals is projected to grow quite substantially over the next few years for one key reason: the Baby Boomers are starting to reach the age when health becomes more of a concern, and because the size of this generation is so large, there’s naturally a need for more health practitioners to care for them all. More specifically, it’s predicted that those working as home health aides, physician assistants, nurse practitioners, medical assistants, and physical therapists will be especially sought after in the future—all of these promising 2019 jobs are included on the United States Bureau of Labor Statistics’ list of the 20 occupations that are expected to grow the fastest between 2016 and 2026.

6. Regulatory Agents and Compliance Attorneys

As more businesses head into uncharted territory and experiment with products and services that rely on AI and other cutting-edge technologies, they’ll no doubt be looking to bring in professionals who can guide them with regards to legalities and ensure they’re abiding by industry rules. A compliance attorney, for instance, will assist a company by managing risks, developing corporate policies, and anticipating legal issues that may arise down the line. By doing so, they create room for innovation while warding off potential trouble. The hiring increases in this field can also be attributed to the fact that organizations across many sectors are being pushed to adapt to new, ever-evolving government regulations, and they’re battling to do so without the help of expert counsel.

7. Workers in the Renewable Energy Sector

Thanks to the (increasingly loud) call for sustainable sources of power, many of the 2019 jobs that have excellent employment prospects fall within the renewable energy sector. Along with energy engineers, wind turbine technicians and PV solar panel installersshould have no problem finding work in future—in fact, these are two of the fastest growing occupations in the U.S., with the first expected to grow by 96 percent between 2016 and 2026 and the latter by an impressive 105 percent (according to the United States Bureau of Labor Statistics’ Occupational Outlook Handbook). While these professions initially saw boosts predominantly in California, they’ve grown in popularity throughout the U.S. as more states recognize the importance of adopting green technologies.  

 

Read more

Elzinga Flash Seminar

Feature | 09/18/2017

5 WAYS TO MAKE A BETTER FIRST IMPRESSION

James Harrigan

Feature | 02/17/2017

Professor James Harrigan: Economic Inequality in the U.S.

 How Bad Is It, and Why Is It Growing?

"University of Virginia economics professor James Harrigan is using more than 35 years of data to study economic inequality in the United States, seeking explanations and solutions for the rapidly widening chasm between the very rich and nearly everyone else.

His undergraduate course, “Economic Inequality,” helps students understand the nuances of the contentious topic, which found its way to the heart of national conversation in the recent presidential election."

Elzinga Flash Seminar

Feature | 02/14/2017

ARTICLE- ARE YOU A NATURAL INNOVATOR

"I am often engaged to speak about innovation and strategy… not in an academic sort of way, people want to know how I took an idea and turned it into reality. One thing (unfortunately) that we do know is that most start-up businesses never reach the heights that match the dreams of the founders…yet others are a run-away successes. I’m not yet putting my enterprises in the category of ‘runaway’ successes – but we are managing to serve many customers, grow, and have a good time while we are doing it. So, we are getting something right."-Naomi Simson

 

Click here to read the rest of the article

Miller

Feature | 11/27/2018

Megan Miller Presents at 111th Annual National Tax Association Conference in New Orleans

Megan Miller presented her paper “Labor supply responses to in-kind transfers: The case of Medicaid” at the 111th  Annual National Tax Association Conference in New Orleans, Louisiana.  Research presented at the conference covered topics including tax and expenditure policies, public finance, and government budgeting.  Hilary Hoynes and Michael Devereux were the keynote speakers at the conference.  Megan presented her work during the “Social Safety Net Programs and Labor Markets” session.  Her work studies the extent to which people reduce their earnings to qualify for Medicaid coverage, and she then uses that information to estimate the cash-equivalent value of Medicaid to beneficiaries.

Elzinga Flash Seminar

Feature | 01/17/2020

Week of Jan 13 Newsletter

Things just haven't been the same without you! As you get back into the rhythm of the semester, keep an eye out for upcoming ECO events and networking opportunities on Handshake. On the 24th, the ECO will be holding an Internship Panel with Econ upper-level students who have successfully gone through the recruiting process. Drop by for snacks and straightforward advice from your peers. The ECO offers individual advising to majors. You can sign up through Handshake for appointments if you've taken the brief pre-req workshop. The next pre-req worksho will be held this Friday, January 17 at noon in Monroe 120. Sign up at the links.

ECO Internship Panel

Join us and a panel of economics majors at the ECO's Spring Internship Panel as they discuss their recruitment experience, the internship search process, on-the-job experiences, and their next steps. The program will include 30 minutes for the panel, 15-30 minutes of formal Q&A and then 30 minutes of networking with the panelists. We will provide snacks for attendees at the networking portion of the program.
Sign Up Here

Upcoming Events

ECO Orientation for All Economics Majors; Job and Internship Workshop- Pre-Req for Advising (Sponsored by the ECO)
Fri, Jan 17 12:00 pm EST - 12:50 pm EST
Monroe Hall, Room 120
Sign Up Here

ECO Internship Panel (Sponsored by the ECO)
Fri, Jan 24 12:00 pm EST - 1:30 pm EST
Monroe Hall, Room 130
Sign Up Here

UVA Spring 2020 JCPenney Suit Up!
Sun, Jan 26 6:00 pm EST - 9:00 pm EST
1639 Rio Rd E, Charlottesville, Virginia 22901
Sign Up Here

2020 Spring Job and Internship Fair (Engineering and University-wide Career Fair )
Wed, Jan 29 10:00 am EST - 3:00 pm EST
Thu, Jan 30 10:00 am EST - 3:00 pm EST
Newcomb Hall (Student Center)
Sign Up Here

2020 DC IMPACTLink Interviews - PSG Day in DC
Fri, Feb 7 9:00 am EST - 5:00 pm EST
1779 Massachusetts Avenue Northwest, Washington, District of Columbia 20036, United States
Sign Up Here
Deadline for resumes is January 20th

Employers Recruiting at ImpactLink in DC

  1. American Enterprise Institute
  2. Center on Budget and Policy Priorities
  3. Cleary Gottlieb
  4. FEMA
  5. Hanover Research
  6. KaBOOM!
  7. Keybridge Communications
  8. National Endowment for Democracy
  9. Tesla Government
  10. US Department of Justice/Antitrust Division
  11. Y Analytics, PBC

Jobs & Internships for Econ Majors

Jobs on Handshake

1/28: Financial Planning and Analysis Associate, Ciena (Hanover, MD)
1/30: Account Executive, E. W. Scripps (Baltimore, MD)
1/31: Business Development Representative, Quorum (Washington DC)
1/31: Marketing Associate, CRC Companies (Arlington, VA)
2/1: Private Equity Operations Intern, Broadtree Partners (NYC)
2/8: Venture Capital Analyst, Blisce (NYC)

Jobs Selected from External Boards

1/17: Royster Lawton Fellowship for Entrepreneurship and Social Impact
1/20: Strategy and Innovation Summer Associate, The Capital Group Companies Inc (L.A., CA)
1/31: 2020 Summer Leadership Academy, Accounting and Consulting Group LLC (Atlanta, GA)
3/1: Market Data Analyst, Bloomberg (Princeton, NJ)
3/1: Finance Leadership Development Program, Johnson & Johnson (New Brunswick, NJ)
Summer Internships and Jobs found at WayUp

Elzinga Flash Seminar

Feature | 11/01/2018

MarketWatch: Why Oil Prices are Plunging...

Why oil prices are plunging despite U.S. sanctions on Iran’s energy sector

The oil market has had nearly six months to assess the possible effect of U.S. sanctions on Iranian oil exports. Surprisingly, the prospect of significantly tighter global supplies has resulted in lower prices.

President Donald Trump announced on May 8 that he would end the participation of the United States in the Joint Comprehensive Plan of Action, a 2015 pact aimed at curbing Iran’s nuclear activities, signed by Iran, the five permanent members of the United Nations Security Council, and the European Union.

Read more...https://www.marketwatch.com/story/why-oil-prices-are-plunging-despite-us...\

 

Read more 

 
Elzinga Flash Seminar

Feature | 08/30/2016

ARTICLE - Choosing a Career Path: A Collegiate Perspective

This is a guest piece by Elizabeth Santoro, a senior at Northwestern University’s Medill School of Journalism, who will begin her career at a technology company upon graduation.

In my experience, college leaves you with more questions than answers. Entering college you may or may not know what career you want or what direction to take. Either way, college seems to be anything but linear, — it’s more a series of switchbacks and loops.

I thought I would work for some Condé Nast beauty magazine among New York City’s skyscrapers or, on the flip side, dig deep as an investigative reporter. Graduating from the Medill School of Journalism at Northwestern University, I’m on a different spectrum entirely and accepted an offer to work in product marketing for a tech startup.

Click here to read the rest of the article.

Source: By April 20, 2017Talent

 

Elzinga Flash Seminar

Feature | 08/12/2016

What Can I Do with an Economics Major?

Wondering what you can do with a major in Economics?  Find out here!

Elzinga Flash Seminar

Feature | 09/23/2016

Networking for Economics majors- Part 2 of 2

Part 2 of two articles for Economics majors, written by Professor Bill Conerly.

Professor Sheetal Sekhri

Feature | 09/09/2016

Timely and adequate monsoons cannot end the woes of farmers, by Professor Sheetal Sekhri

"Groundwater reserves in India are a vital resource that support livelihood for around 53 million Indians and provide drinking water to around 80% of the rural population . It is vital for the country’s food and drinking water security."- Professor Sheetal Sehkri

See full article here.

Elzinga Flash Seminar

Feature | 11/08/2018

Does Your Resume Have a Perfect Sales Pitch?

Does Your Resume Have a Perfect Sales Pitch?

No matter your field, there's plenty of selling in the job search, with prospective employers as buyers for the products, which are the applicants themselves. As a result, sales skills matter, and they get a lot of attention. But they're mostly thought of as the skills you need to bring to the interview, a place where your performance is akin to a sales pitch. That perspective is far too limited, however, because knowing how to sell is critical to many other parts of the search. Nowhere is that more true than in the way you handle your resume.

That seemingly cut-and-dried piece of paper can actually be a powerful sales tool if you give it half a chance. To do that, though, you have to understand something that the best salespeople, the true pros, know, and you have to be willing to apply that knowledge to your resume. With that, your resume can really do its job. In Martin Scorsese's 2013 film "The Wolf of Wall Street," Leonardo DiCaprio, as stock-promoter Jordan Belfort, issues a similar challenge to his would-be associates in boiler-room shenanigans: "Sell me this pen!"

Editor's note: You can find the clip here. We'd embed it, but it, like much of the rest of the movie, is NSFW. 

The point of the exercise is to show them, despite the high opinions they hold of their own sales skills, that they don't really know how to sell. They make all the rookie mistakes. They talk about how wonderful the pen is. They extol its beauty. They focus on its features. 

We don't need to detail all the ways they get it wrong. We don't even need to elaborate on what it means to get it right, because getting it right comes down to one very simple principle: Start with the customer, not the pen. 

In other words, a good salesman needs to know who's buying what he wants to sell. Features are nice, but they may be completely irrelevant to a given customer. Benefits, as the word itself suggests, are things worth getting, but we don't all seek the same benefits. Before selling benefits, you need to know your prospect and the benefits that actually matter. 

That's the method – call it the "buyer-first approach" – and it's often pressed into service as a good way to manage the job interview for sales and non-sales jobs alike. In that context, it works, and it does so because it's invariably helpful to know your interviewer. 

Without that knowledge, you're liable to rattle off accomplishments and experiences that don't really matter. With it, you can target the things that do, the ones the interviewer sees as important. What is she looking for from an applicant? What is this job about? What qualities suit that job, and, it follows, what qualities should you emphasize? Which of your accomplishments translate well to this new position? Which won't matter at all? What does she want to see, and how can you make her see it in you? 

The buyer-first approach is really just a matter of learning to see things through the other party's eyes, and the interview is the most obvious use case for its implementation. After all, it's the one place you might be called on to sell an actual pen to that actual person on the other side of the desk. It happens in real life, not just in the movies. 

However, if the interview is the obvious place for the buyer-first approach, it's not the only place. In fact, the approach can be profitably applied throughout the job search. 

Take resumes, for example. You may have put a lot of effort into crafting a resume that looks great. It conveys loads of positive information in a beautifully organized and highly readable form, and that's quite an accomplishment. It's as close to perfect as can be, and it should make a wonderful impression on anyone who receives it. The world trembles in anticipation. 

Before you unleash this creature on that trembling world, take a step back. There's every chance that the document you've created, beautiful though it may be, is a document that, first and foremost, looks good to you. That's to be expected, but now it's time to apply the buyer-first approach. It's time to look at it through the eyes of the people who'll be on the receiving end.

First of all, those people are not all the same. Even in the same industry, or in the same field within that industry, different companies and different jobs call for different qualities. Sometimes, those qualities are spelled out in a job posting, and the applicant needs to simply hit the marks explicitly laid out. At other times, you have to dig deeper to find what's on a hiring manager's mind. You have to interpret what the "buyer" wants, using any clues you can find. Again, you need to see things through his eyes.

To complicate matters, it may be that no human eyes are involved at all. Then, it's not a hiring manager you need to impress. Instead, it's an algorithm, an automated system that scans your resume for the right keywords. Without those keywords, no hiring manager will ever know how good you could have been. You can still use the buyer-first approach here by looking through the system's eyes and giving it the keywords it wants to find. 

There's a catch, of course, to adopting the buyer-first approach, but it's a catch worth tolerating if you want your resume to have maximum impact. 

Simply put, the catch is that there's more work to do. You have to tailor your resume to the needs of a particular employer. You have to highlight the achievements that really seem to matter to this company. You have to spell out the skills that matter in this specific job. You may have to emphasize experience or education in slightly different ways. In essence, you sell the pen differently to different buyers, and that means revising the resume you worked so hard to perfect. 

In the end, though, it's worth it. When you're in the job market, you're the pen, and putting extra effort into your sales pitch will seem like a small price to have paid if it helped you make this one very big sale.

Paul Freiberger is President of Shimmering Resumes and author of When Can You Start? Ace the Job Interview and Get Hired. For career help and resume writing and LinkedIn profiles, contact him at Paul@ShimmeringResumes.com.

 
Elzinga Flash Seminar

Feature | 09/23/2016

Job Search for Economics Majors- Part 1 of 2

Part 1 of two articles on starting the career search as an Economics major, written by Professor Bill Conerly.

Feature | 05/08/2020

Federico Ciliberto's Research Paper Wins the RAND Quality of Research Discovery Award

Quality of Research Discovery Award

The Quality of Research Discovery Award is granted to encourage excellent publications in fields consistent with the AAEA Vision Statement. A maximum of two awards are given each year. Entries must demonstrate excellence in research methodology and may deal with conceptualization of researchable problems as well as empirical verification.

https://www.aaea.org/meetings/2020-aaea-annual-meeting/events/awards--fellows-recognition-ceremony

Elzinga Flash Seminar

Feature | 08/12/2016

4 Interview Questions Venture Capital Firms Ask

Venture capital interviews aren’t tricky. Generally, there are no brainteasers or case questions. A VC interview is a chance for venture capitalists to get a sense of you, the same way they do when meeting with entrepreneurs. That’s how venture capitalists make investment decisions—(You may need to login into CavLink to access this article).

Elzinga Flash Seminar

Feature | 08/09/2014

ARTICLE- 30 SMART ANSWERS TO TOUGH INTERVIEW QUESTIONS

"Tough interview questions are supposed to challenge job candidates and make them think on their feet.

This could make the typical job interview "the most harrowing forty-five minutes of your life," writes Vicky Oliver in her book "301 Smart Answers to Tough Interview Questions."

But you can be prepared ahead of time. We've compiled some of the toughest interview questions from Oliver's book — and how to answer them."-Vivian Giang and Alexandra Mondalek

 

Click here to read the rest of the article.

Machine Learning

Feature | 01/18/2019

December Workshop on Introduction to Machine Learning Taught by Visiting Faculty from BITS India

Richmond

Feature | 11/28/2018

Summary of research presented at the semiannual Richmond Fed-UVA Research Workshop

Elzinga Flash Seminar

Feature | 08/30/2018

Fox News: Is America's economy crushing it?

Q: What’s So Special about This Article?
A: There are several potential employers included, which were sources of information for the piece. How many can you find?

A sustainable economic recovery is getting harder to dispute. Read the full story here.

Full story

Elzinga Flash Seminar

Feature | 08/12/2016

Water Scarcity and Growth Prospects

Julia Devlin, a former lecturer in the Economics department at UVA and now a senior fellow at the Brookings Institute, looks at the relationship between water scarcity and economic growth in the Middle East and Africa. Her article can be found at the Brookings Institute.

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Feature | 02/09/2018

Econ Alum Alex Turowski Plays with Data for a Living! And He Wants You to Too!

2010 economics alumnus Alex Turowski is the new Partner Success Lead at New Engen in Seattle, Washington. What does this mean? Alex plays with data for a living at New Engen, a digital marketing optimization and design firm.

After building a successful career in Search Engine Optimization with Merkle (formerly RKG) here in Charlottesville, Alex was lured to New Engen in Seattle to lead their Partner Success team. 

The firm boasts solid, fast growth and has become an industry leader with clients such as TUMI, Volt Athletics, and Man Crates and partners such as Shopify.

Alex is hiring an entry level analyst and the posting is on Handshake. If you'd like to reach Alex directly, please write to him at https://www.linkedin.com/in/alex-turowski-3b500647/

New Engen is a performance-driven marketing technology company accelerating customer growth through digital marketing optimization. By integrating proprietary software with teams of experienced marketers and data scientists, New Engen helps clients solve some of their most complex digital marketing challenges. The company’s powerful technology solution ignites growth at companies across industries, geographies and maturity. New Engen is headquartered in Seattle with offices in Dallas, New York, San Francisco and Washington, DC.

www.newengen.com

Elzinga Flash Seminar

Feature | 08/12/2016

How to Ace your Graduate School Interview

Graduate school interviews can be a nerve wracking process. Learn how to impress from this helpful article.

Adam Levine

Feature | 04/03/2018

UVA economist Adam Leive examines the health consequences of Olympic success

Feature | 03/19/2020

School Boards and the Racial Gap in Education Finance

Brett Fischer presented a paper, "No Spending Without Representation: School Boards and the Racial Gap in Education Finance," at the AEFP's 45th Annual Conference Program . To address the question of whether a lack of minority representation on school boards hurts minority students, he used detailed school-level data from a large capital investment program to evaluate whether minority school board members increase spending on minority students. His instrumental variables estimates, which leverage exogenous variation on school board election ballots to deliver causal effects, show that minority school board officials allocate the marginal dollar to schools with high levels of poverty and nonwhite enrollment, and those investments raise student achievement in the medium-term. His analysis suggests that improving minority representation on school boards could help combat persistent racial gaps in education finance and achievement. 

Elzinga Flash Seminar

Feature | 09/27/2016

ARTICLE- HOW TO PREPARE FOR THE "TELL ME ABOUT YOURSELF" INTERVIEW QUESTION

"We all know the question is coming: So tell me a little about yourself.

Here’s the funny thing: even though we’re expecting it, most of us don’t feel fully prepared to respond. How can this question seem like a no-brainer, but then end up being so tricky? Well, for one, it’s easy to get mired down by all the possibilities of just how to answer it. The key is to approach the question strategically, making sure it has a clear story and distinct purpose. Here are 4 ways to help you prepare to ace the prompt: “Tell me about yourself.'"-Caroline Grey

 

Click here to read the rest of the article

Elzinga Flash Seminar

Feature | 09/17/2018

4 Common Interview Questions - Including the Tough Ones!

Interview invitations should really come with a warning: Strong feelings of excitement changing suddenly into dread are imminent upon receiving this invitation. 

Career counselors (and yes, I’m guilty of this, too) will frequently say, “Oh, it’s a two-way street. You’re interviewing them as much as they’re interviewing you.” And while that is partially true—you should definitely use the interview as a way to gauge whether or not you want to work for a company—there is still a power imbalance. Ultimately, the hiring manager will get to decide first whether you’ll get an offer. So, it’s understandable to be nervous. 

But fear not! With a little preparation, you’ll know exactly what to say to impress. To get you started, here are four tricky, but common, interview questions and how to tackle them....Click here for more: https://www.themuse.com/advice/4-common-interview-questions-and-4-perfec...

 

Feature | 08/20/2019

Perfect Pitch: How to Nail Your Elevator Speech

by: Laura Katen for The Muse
You ride the subway, grab a coffee, and get to the office. It’s your typical Monday morning—until, bam! You step in the elevator and find yourself face-to-face with the CEO of your dream company or the client you’ve been dying to land.

She smiles and says, “Hi. What do you do?”

Scary? Absolutely. But it could happen to you—tomorrow—and you’ll want to be prepared.

The aptly named “elevator speech” or “elevator pitch” is a concise, compelling introduction that can be communicated in the amount of time it takes someone to ride the elevator to her floor. Even if you’re never caught heading up to the 39th with someone important, this is a good skill to master when you’re introducing yourself during an interview, a sales pitch, or a networking event. People are busy, and being able to communicate who you are and what you do quickly and effectively will ensure that you get your most important points across, no matter how short the conversation. Not quite ready for the elevator ride of your life? Check out our step-by-step guide to crafting—and perfecting—your pitch.

1. Start With a Blank Canvas

Take a blank piece of paper and number it from one to 10. Then, fill in the most important bits of information that you want to convey about yourself, your service or product, or your company. What, exactly, do you do? What have you achieved, and what are your goals? Who does your company serve and why? Focus on the most interesting or memorable facts—the ones that really make you stand out from others.

2. Red Pen It

Using a different color pen, edit what you’ve drafted with a critical eye. Eliminate any redundancies, unnecessary or unclear information, and broad business jargon. More importantly, hone and enhance the good stuff. “I’m great at sales” isn’t likely to pique anyone’s interest, but “I’ve exceeded my sales goals every quarter for the last two years” sure might.

3. Pick a Card

Grab five index cards, and label them “Who I Am,” “What I Do,” “How I Do It,” “Why I Do It,” and “Who I Do It For.” Add each item on the list you’ve created to the card where it fits best. Ideally, you’ll have two compelling sentences underneath each heading, so fill in any gaps if you need to.

4. Get in Order

Organize the cards in a logical order, making sure the most important information is first. Remember, you often only have a few seconds to communicate with someone. If you get cut off, what would you want her to walk away remembering?

5. Add an Attention-Getter

Add an interesting fact or stat to use at the beginning of your speech. Your goal is to immediately engage someone so that he or she is intrigued and wants to learn more.

6. Practice!

Recite your pitch to someone close who can be objective, and ask for constructive feedback (although we love our friends and families, sometimes they think we can do no wrong!). What may seem clear in your mind might come across as convoluted, long-winded, or fragmented to an outside observer.

7. Record Your Pitch

Once you’ve gotten feedback and honed your pitch even further, record yourself saying it. Listen to your tone—make sure it’s friendly, non-threatening, and that you’re not talking a mile a minute (knowing you only have a few moments to speak may subconsciously increase your pace). Really listen to what you’re saying—make sure you’re not repeating words and that you’re sending the message you really want to convey.

8. Ride the Elevator

The next time you ride an elevator (alone), practice your speech. First, give yourself some time by going to the highest floor. Then, try giving your pitch from a middle floor and from the first to the third floor, too. Having to make just a few brief moments count will help you to hone the words you need and scrap the ones you don’t! This week, set aside some time to craft your elevator pitch (or dust off the one you’ve used before). You just never know who you might face tomorrow morning.

Source: https://www.themuse.com/advice/perfect-pitch-how-to-nail-your-elevator-speech

Elzinga Flash Seminar

Feature | 03/28/2017

Higher Education: lower income students College selections

"Caroline Hoxby [Stanford] and Sarah Turner [UVA] have argued that schools should partner with the College Board or another institution to do this kind of outreach en masse, and grealty increase their share of lower-income students."

US Citizenship and Immigration Services

Feature | 06/10/2015

Immigrant Job Creation

"Politicians on both sides of the aisle have raised concerns about immigrants taking American jobs, but one University of Virginia economist makes a compelling case for the opposite effect.

Dubbing immigrants “a shot in the arm” for local economies, economics professor John McLaren found that immigrant workers actually create new local jobs, many of them subsequently filled by American-born employees.

The National Bureau of Economic Research recently circulated the study, which was conducted by McLaren and Gihoon Hong, who earned his Ph.D. in economics from U.Va. in 2010. McLaren and Hong find that each new immigrant generates 1.2 local jobs." (Caroline Newman)

See the full article here.

Economics

Feature | 01/07/2018

Jennifer Doleac reviews research that finds increasing access to substance abuse and mental health treatment reduces violence and property crime

Feature | 07/24/2019

Emily Cook Presents at IIOC, SOLE

In April 2019, Emily Cook presented “College Choice and Intended Major in the U.S.” at the International Industrial Organization Conference in Boston, MA. This paper studies how differentiation among universities in the number and type of undergraduate majors offered affects college choice.

In May 2019, Emily presented “Missed Exams and Lost Opportunities: Who Could Gain from Expanded College Admission Testing?” at the Society of Labor Economists conference in Arlington, VA. This paper is co-authored with Sarah Turner, University Professor of Economics and Education, Souder Family Professor, at the University of Virginia. The paper considers the potential outcomes of counterfactual college admission testing policies in Virginia.

Both conferences provided valuable presentation experience and feedback, and a chance to interact with researchers in many different areas of Labor Economics and Industrial Organization.

Elzinga Flash Seminar

Feature | 01/26/2017

ECO Newsletter 1.26.17

Return from Winter Break Edition

 


 

 

Elzinga Flash Seminar

Feature | 08/12/2016

Is Working Abroad for you

Test Your IQ (International Quotient) to See If Working Abroad Is for You

Thinking about working overseas? Take this quiz to see if it working abroad is for you. (You may need to log into Handshake to access this article). 

Elzinga Flash Seminar

Feature | 01/10/2017

ECO NEWSLETTER 1.10.17

Data Can Be Romantic! Volunteering: Good for your Heart!

Elzinga Flash Seminar

Feature | 09/12/2016

ECO NEWSLETTER 9.12.17

Updates from the ECO with Jobs, Events, and Workshops!

Feature | 04/22/2020

Haruka Takayama Hasegawa, Winner of All-University Graduate Teaching Award, Recognized in "UVA Today" Article

Haruka Takayama Hasegawa, winner of an All-University Graduate Teaching Award for her dedication to undergraduate teaching and outstanding achievement in that area, is recognized in UVA Today's article, "There's Something That Makes These Graduate Instructor's Special."

Feature | 03/27/2019

1st year student Mrithyunjayan Nilayamgode presents at NEUDC and SEA conferences

In fall of 2018, 1st year student Mrithyunjayan Nilayamgode presented a paper at the Northeast Universities Development Consortium (NEUDC) conference on development economics at Cornell University and at the Annual Meeting of the Southern Economic Association (SEA) in Washington, DC. He met and received valuable feedback on his paper from development economists and crime economists from across the world. The NEUDC conference typically accepts around a quarter of the 600-odd submissions it receives, and is one of the premier conferences in development economics in the US. The SEA is one of the oldest economics associations in the US, and was founded by economists affiliated with universities in the southern US, including UVA. Its annual meetings usually involve thousands of papers and participants from dozens of countries across the world.

In his paper titled "Alcohol Ban and Crime: The ABC’s of the Bihar Prohibition", Mrithyunjayan and his co-authors find that alcohol regulation in the Indian state of Bihar has reduced the incidence of violent crimes, but not non-violent crime. These results are concentrated in areas where the ban may have had a larger impact, suggesting that the availability of alcohol had a large role to play. This is in line with the prevalent understanding in economics and psychology that intoxication may impair perception, thereby reducing the barriers of entry into crime. The results are also robust to a number of alternate specifications, including the use of a synthetic control group.

Monroe Hall

Feature | 02/12/2019

Research Jamboree at UVa, Department of Economics

Elzinga Flash Seminar

Feature | 06/21/2017

ARTICLE- END YOUR INTERVIEW ON A HIGH NOTE WITH THIS QUESTION

"One of your top priorities as a job candidate should be to end your interview with a power punch – something that’ll make you stand out and show your enthusiasm. Unfortunately, sometimes that’s hard to do, especially when so many interviews end with you blandly telling your interviewer that you’ve got no more questions left for him to answer.

So, here’s a question you can ask to conclude your interview on a high-note and show that you’re still as hungry as ever for the job: “Would you mind showing me around the office before I head out? I would love the chance to see the place I might be working at soon.”

Here’s why it works!" -Peter Yang 

 

Click here to read the rest of the article

Elzinga Flash Seminar

Feature | 01/15/2019

Internships for Credit in Germany, Ireland, and South Africa

New UVA Programs with iXperience to Offer Liberal Arts Credit, Skills Development, and Practical Experience in Africa and Europe

 

A unique education abroad collaboration between the University of Virginia (College and Graduate School of Arts & Sciences and the International Studies Office) and iXperience, a global educational company founded by two Yale University graduates, will offer undergraduate students from UVA and other universities the opportunity to combine liberal arts study, critical skills development, and practical work experience in Cape Town, South Africa; Berlin, Germany; and Lisbon, Portugal. The new summer programs will debut in May 2019.

  

Students enrolled in the programs earn from 6 to 10 credits from UVA. The program in Cape Town, called iX Immerse, is composed of two parts – a liberal arts component led by UVA faculty designed to provide students with a deep understanding of the South African context; and a “boot camp-style” practicum that immerses students in topics such as data science, product management, or digital design. The program combines an introduction to a 21st century knowledge and skill area, practical application with a South African company or non-profit, and critical reflection. The programs in Berlin and Lisbon, called iX Accelerate, offer a 6-credit liberal arts seminar with a boot camp focus on a topic (such as full stack coding) informed by liberal arts coursework and hands-on experience.

   

iXperience Campus, Cape Town, South Africa

The University of Virginia / iXperience relationship comes at a time when UVA’s College and Graduate School of Arts & Sciences has been working to build on its reputation for academic excellence by advancing itself as an international leader in undergraduate education and global public engagement. With UVA as the academic sponsor, iXperience can offer programs with one of the world’s elite public universities while expanding the professional training opportunities for liberal arts students seeking a rewarding study abroad experience. Participants meet degree requirements, navigate and reflect on life in another country, and prepare for the workplace.

“The collaboration with iXperience has the potential to serve as a new model for higher education,” said Ian Baucom, the University of Virginia’s Buckner W. Clay Dean of Arts & Sciences. “This is a compelling way to integrate the liberal arts with skills-based learning and hands-on internship experiences in a global context, and we’re excited to offer this opportunity not only for students, but also for our faculty seeking research and teaching opportunities in Africa and Europe.”

Over the last three years, more than 150 UVA students have independently traveled to Cape Town and iXperience’s other international campuses during the summer to take non-credit iXperience courses rooted in technology, management consulting and other fields. Through the new collaboration between the University and iXperience, students in the iX Immerse program will have the added benefit of taking of UVA liberal arts coursework built on four key themes; history and politics, environment and sustainability, health and society, and arts and music. The course will be followed by iXperience’s blend of internships and “boot camp” skills training.

This unique educational experience empowers students to face the challenges of the future.""The world is changing at an increasingly rapid rate and in response our vision at iXperience is to bridge the gap between traditional education and futuristic skills development” said Aaron Fuchs, iXperience’s founder and CEO. “In collaboration with UVA, one of the preeminent public universities in the world, we are designing the future of learning by combining the liberal arts with progressive skills development in an international setting. This unique educational experience empowers students to face the challenges of the future."

Since its founding in South Africa in 2013, iXperience has grown globally with more than 1,000 students enrolled in its classes and internships in Cape Town, Berlin, and Lisbon.

   

iXperience students in Lisbon, Portugal

For more information about the new UVA / iXperience programs and the pilot courses debuting in summer 2019, visit the iXperience website.

UVA students interested in these programs must apply through the iXperience website and also secure institutional approval by submitting a UVA Education Abroad application (click on the program(s) of interest to get started).  

ECON Women

Feature | 04/19/2016

Women in Economics

Economics Conference at UVA Promotes Opportunities for Women in the Field

Lexi Schubert (Econ & Cog Sci, Class of '17) also had this to say about the conference: "Personally, it was incredibly inspiring to meet economists like Sandy Black and Claudia Goldin. They are incredible role models and reinforced my own aspirations to go into academia. The conference also reinforced the idea that it is important to provide students with more information on what economics can be about. Often economics is perceived as an alternative business major. However, it is much more than that. A large part of the "economic training" is about giving students neat tools for solving problems. Those can be used in business, but also far beyond, into fields like education, development, health, public policy, etc. Making the information about ample opportunities as an econ major available to incoming students - especially women - is something that the Economics Club at UVA will look into now. Also, peer-led programs, like the Department's Undergraduate Teaching Fellowship or the Econ Club's Tutoring Program, play a crucial role in providing students with that kind of information from bottom-up instead of top-down."

Elzinga Flash Seminar

Feature | 12/18/2018

The Rise of a Global Media Firm

GROWTH SPOTLIGHT: VICE

Uncubed, a UVA-founded tech/recruitment company in NYC specializing in helping undergraduates find employment in tech firms, hosts webinars on diverse topics. The ECO encourages you to check out Uncubed's website to learn more about the best in class and up-and-coming tech firms that are hiring!  And they host a huge career fair each fall in NYC. Read on...

VICE's rise from Canadian counter-culture rag to multi-billion dollar global media empire is an astounding tale of growth. 

But with that scale comes great complexity. Including the technical challenges of serving up VICE's signature content - from a look at rising cannabis use among senior citizens to the emotional toll of shopping online – in 35 countries and nearly 20 languages. 

Hear how the company handles this and learn about VICE's inner workings from Jessica Brown, Direct of UX, and others. 

Watch Now

(This is the latest video in Uncubed's collaboration with Amazon Web Services, where we talk with the people building the world's most impactful brands.) 

 

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MFM

Feature | 11/01/2018

Diego Legal-Cañisá at the Becker-Friedman Institute's Macro Financial Modeling Summer Session

The Macro Financial Modeling (MFM) Summer Session, organized by the University of Chicago's Becker-Friedman Institute, is designed for early-career professionals and doctoral students in economics and related fields who are interested in developing enhanced macroeconomic models with linkages to the financial sector. Diego Legal-Cañisá, who participated in the 2018 Session,  reports that it was "an excellent opportunity to receive feedback on my research from a wide range of top scholars with similar research interests. I did a poster presentation which allowed me to practice explaining my research and preliminary results and answering questions clearly and concisely. I received insightful comments and recommendations, such as suggestions of additional exercises I could perform and connections I could make to other related areas. In addition, the MFM was a great opportunity to learn more about frontier research in macro-finance from top scholars and to listen to inspiring keynote talks by Lars Hansen, Christopher Sims, Andrew W. Lo, and Harald Uhlig, to name a few. Last but not least, it was a great opportunity to exchange experiences about academic life with colleagues and gather resources pertaining to conferences and internship opportunities, job market tips, and other useful resources that will help me develop as a researcher."

Elzinga Flash Seminar

Feature | 08/22/2016

Maintaining Connections through Your Internship

See tips on how to maintain the professional connections you make through your internship.

Jessica Howell

Feature | 08/22/2016

PhD Alum, Jessica Howell: Exploring matching between students and Colleges

A new book explores the challenge of helping more students succeed at a broader range of institutions. Econ Phd Alum, Jessica Howell, discusses this book and it's research in an interview with the Chronicle of Higher Education. Read the full article here.

Elzinga Flash Seminar

Feature | 09/23/2018

Careers in Marketing Forum

Taking place next Thursday (9/27) and Friday (9/28), the Careers in Marketing forum is a unique opportunity for students to learn from a diverse group of Marketing alum representing many different areas within the industry. We have an impressive line-up this year with 16 alums committed to participate and a keynote with incredible experience, James Quarles, CEO of Strava, formerly of Instagram & Facebook who will be discussing: Marketing at the Intersection of Business and Consumer Needs.

 

For details and to RSVP:

Thursday Kickoff: https://app.joinhandshake.com/events/161935

Friday’s Forum: https://app.joinhandshake.com/events/161938

Elzinga Flash Seminar

Feature | 08/12/2016

MacroDigest

Check out MacroDigest.com, a new tool created by students from the London School of Economics to follow systemically important conversations and events. Students felt overwhelmed when trying to access the topics, debates, and current events in the global economy due to the thousands of voices in the blogosphere and news continuously posting and updating. Thus, the creation of MacroDigest. Macrodigest clusters information and analysis on everything moving the global economy.  Students will get a lot out of the home page because it provides a simple yet comprehensive look on both breaking and trending systemically important news while showcasing more nuanced debates happening within the economics world.
 
See "Job Search Resources for Economics Majors" for a more complete list of helpful sources, institutes, and databases.

Feature | 11/26/2019

UVA Alum, Professor Jose Fernandez, is the new President Elect of the American Society of Hispanic Economists

Elzinga Flash Seminar

Feature | 02/05/2020

Week of February 3rd Newsletter

Interested in public service or non-profits? Sign up to attend the PSG Non-profit and Government Career Fair in DC to network with other like-minded peers and professionals in public service. While you're up there, attend the Capital Hill Talks on Friday afternoon. The UVA Career Center even has transportation to get you there! Use the ECO's Face2Face Elevator Pitch Template and slide deck of Navigating a Career Fair to practice and strategize before you get there and/or attend the DC Day prep program on Wednsday, 2/5. These resources will help you put your best foot forward.

PSG Day in DC

The annual Government, Non-profit & Education Career Fair brings top employers to recruit for undergraduate and graduate students for internships and full-time jobs in a wide range of fields in local, state and federal government, non-profit and education sectors including public, private and charter schools.
Sign Up Here

Upcoming Events

Building Your LinkedIn Profile - Webinar
Mon, Feb 3 5:00 pm EST - 6:00 pm EST
Hosted by Carnival
Sign Up Here

2020 Data Analytics Night (Spring)
Tue, Feb 4 5:00 pm EST - 6:30 pm EST
Sign Up Here

2020 PSG Day in DC: Prep Program
Wed, Feb 5 5:00 pm EST - 6:00 pm EST
Garrett Hall, Great Hall Room, Charlottesville, VA 
Sign Up Here

Deloitte Consulting Case Competition
Wed, Feb 5 6:00 pm EST - Fri, Feb 7 3:00 pm EST
Various Locations on Grounds
Sign Up Here

2020 Capitol Hill Conversations - PSG Day in DC
Fri, Feb 7 2:00 pm EST - 4:00 pm EST
Sign Up Here

2020 Georgetown Government, Non-profit & Education Career Fair - PSG Day in DC
Fri, Feb 7 10:00 am EST - 3:00 pm EST
Sign Up Here

2020 BUS TRANSPORTATION (8 AM BUS) to DC IMPACTLink/Georgetown Government, Non-profit & Education Career Fair - PSG Day in DC
Fri, Feb 7
Sign Up Here

Education Policy Networking Lunch & Events in Washington DC
Fri, Feb 7 12:00 pm EST - 1:00 pm EST
3000 K Street Northwest, Washington, DC
Sign Up Here

 

Feature | 10/04/2019

Alex Gross Presents at 46th Annual EARIE Conference

Alex Gross presented his job market paper, "Private Labels and Bargaining in the Supply Chain: The Case of Wine," at the  46th Annual Conference of the European Association for Research in Industrial Economics (EARIE) in Barcelona, Spain, in August 2019. In this paper, he shows that offering private label products can significantly increase a retailer's profits on national brand products. The conference offered a great opportunity to receive feedback on his work and meet prominent researchers in his field.   

Turner

Feature | 04/28/2017

A proposal that would help unemployed with income support and student financial aid.

"The author proposes an Enrollment for Employment and Earnings policy that would make income support and student financial aid available to unemployment insurance recipients, replacing Pell Grants and tuition tax credits for these individuals. Receipt of assistance would be conditional on satisfactory progress as well as completion of an enrollment choice module and academic and financial planning module, ensuring that students have the baseline skills to complete the program and the prospect of employment upon completion. In addition, states would develop a decision support tool to provide adult potential students with a clear comparison of costs, program duration, completion rates, and expected labor market outcomes associated with different postsecondary choices. Finally, federal support for postsecondary institutions would increase during recessions to meet rising demand."

Economics

Feature | 12/28/2017

Amanda Pallais, a former Economics undergraduate, makes a best of the year list (twice) for "research that mattered most in 2017"

Feature | 11/05/2019

ECONOMIST’S STUDY FINDS RACIAL WAGE GAP MAY EXPLAIN ALMOST ALL OF WEALTH GAP

Denis Nekipelov

Feature | 03/24/2015

Research at the Frontiers in Big Data

"As the sheer volume of data in a range of computationally intensive fields grows bigger, computer scientists, engineers and researchers from across the disciplines are finding that work involving “big data” increasingly lands at the intersection of disciplines.  Denis Nekipelov, a new associate professor of economics at the University of Virginia, calls it “research at the frontiers.” (Fariss Samarrai)

To read more of this article, click here.

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Feature | 02/03/2017

Beating Corruption with Technology

"More than 1.9 billion individuals in the developing world benefit from social safety net programs: noncontributory transfer programs that distribute cash or basic in-kind products to the poor. But despite their importance, high levels of corruption often stifle the effectiveness of these programs. If cash transfer programs are particularly prone to graft, then in-kind programs should be preferred in practice. In a recent paper, Muralidharan et al [UVA Prof. Sandip Sukhtankar, and UC San Diego Profs Karthik Muralidharan & Paul Niehaus] report evidence to the contrary by showing that use of a modern banking technology—biometric smart cards—can help to drastically reduce corruption in cash transfer programs."- Rema Hanna

Elzinga Flash Seminar

Feature | 08/12/2016

Tips from a former Morgan Stanley Intern

A former Morgan Stanley intern, Ellen Jin, turned full-time Credit Risk Analyst talks about her experience with finding an internship and how she worked her way up to where she is now!

UVA Econ BJ Vargas and Students

Feature | 01/10/2017

Article - How to Improve Your Networking Skills in 2017

"You've heard it before: The best way to land a new job is through networking and making connections. But many people are stumped as to what that means and how it plays out in reality, unless you're lucky enough to have been offered positions throughout your career. What exactly does making those connections look like, and how should you approach it?

There are many ways to do it – in person, through social media, phone or by email. All are valid and can be useful in different ways. Nothing can replace interactions in person, but it will require follow up. Some of the ways to develop new connections are to join groups with similar interests (hobbies or social), reach out to alumni from your school or find shared connections on LinkedIn. Once you begin the process of connecting, make sure you're making them count." - Marcelle Yeager

Learn more here: http://money.usnews.com/money/blogs/outside-voices-careers/articles/2017-01-06/how-to-network-better-in-2017

Elzinga Flash Seminar

Feature | 11/27/2018

How A.I. May Affect Your Internship and Job Search

This article covers how AI may affect your internship and job search, and how you may be able to influence this by managing your electronic footprint and social media presence.

Secondly, the companies listed are potential employers for our students. Tip: Consider organizations that you read about, especially those that are doing work that interests you, as employment possibilities.

Wanted: The ‘perfect babysitter.’ Must pass AI scan for respect and attitude.

By Drew Harwell

When Jessie Battaglia started looking for a new babysitter for her 1-year-old son, she wanted more information than she could get from a criminal-background check, parent comments and a face-to-face interview.

So she turned to Predictim, an online service that uses “advanced artificial intelligence” to assess a babysitter’s personality, and aimed its scanners at one candidate’s thousands of Facebook, Twitter and Instagram posts.

The system offered an automated “risk rating” of the 24-year-old woman, saying she was at a “very low risk” of being a drug abuser. But it gave a slightly higher risk assessment — a 2 out of 5 — for bullying, harassment, being “disrespectful” and having a “bad attitude.”

The system didn’t explain why it had made that decision. But Battaglia, who had believed the sitter was trustworthy, suddenly felt pangs of doubt.

“Social media shows a person’s character,” said Battaglia, 29, who lives outside Los Angeles. “So why did she come in at a 2 and not a 1?”

Predictim is offering parents the same playbook that dozens of other tech firms are selling to employers around the world: artificial-intelligence systems that analyze a person’s speech, facial expressions and online history with promises of revealing the hidden aspects of their private lives.

The technology is reshaping how some companies approach recruiting, hiring and reviewing workers, offering employers an unrivaled look at job candidates through a new wave of invasive psychological assessment and surveillance.

The tech firm Fama says it uses AI to police workers' social media for “toxic behavior” and alert their bosses. And the recruitment-technology firm HireVue, which works with companies such as Geico, Hilton and Unilever, offers a system that automatically analyzes applicants' tone, word choice and facial movements during video interviews to predict their skill and demeanor on the job. (Candidates are encouraged to smile for best results.)

Read more

Hamilton Angevine

Feature | 12/11/2018

Ben Hamilton Finds Conference Presentations Good Preparation for Job Market

On October 6, at the 74th Midwest International Trade Conference at Vanderbilt University,  I presented my job market paper, “Learning, Externalities, and Export Dynamics,” in a 25-minute talk to an audience of economists studying international trade. In November, I presented my job market paper twice at different venues in Washington D.C.  First, at the 88th Southern Economic Association annual meeting, where I received constructive feedback on a condensed 15-minute version of my talk from students and professors of varied concentrations. Next, at the second Mid-Atlantic International Trade Workshop, hosted by the Federal Reserve Board, I gave a longer, 40-minute version of my talk and benefited from helpful comments and discussion with other trade economists.  Having the opportunity to present my talk in a variety of formats, receive questions from audiences unfamiliar with me and my work, and network with many people in my field was a valuable experience, particularly as I prepare to go on the job market during the next few months.  

Feature | 04/15/2019

Alex Gross Presents at IIO Conference

Alex Gross presented his paper, "Private Labels and Bargaining in the Supply Chain: The Case of Wine," at the International Industrial Organization Conference in Boston, MA, in April 2019. His findings: private label products can increase a retailer's profits on national brand products by about 11% on average. The conference offered a great opportunity to receive feedback on his work and meet prominent researchers in his field. 

 

Haruka

Feature | 09/24/2018