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

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.

The AEA Distinguished Education Award acknowledges excellence in economic education at a national level. Recipients are able to demonstrate a sustained and impactful contribution to several areas of economic education. These areas include teaching, the development of curriculum and pedagogy, scholarship of teaching and learning (SoTL) of economics, mentoring of students and young faculty, and service at the institution, regional, and state level.

Charlie is one of the outstanding teachers of the University of Virginia Economics Department.  His undergraduate class in Experimental Economics is always oversubscribed by a factor of two.  His experimental lab in the basement of Monroe Hall involves additional students in the production of economic knowledge and has become an academic hangout for our most talented students, both graduate and undergraduate.  Charlie treats his students like colleagues, involving many in his research.

Beyond the grounds of the University of Virginia, in the broader sphere of experimental economists, Charlie is a star – in part because of the way his research has been applied in the classroom.  Charlie’s publications influence not only the field but also the teaching of experimental economics – not to mention the real world of auction design. Charlie’s book, Markets, Games, and Strategic Behavior (Princeton Press) is a model of teaching state of the art material in a way that reflects crystal clear pedagogy.

The 2021 Snavely Outstanding Summer Paper Prize was awarded to Joe Anderson (not pictured here), for Institutional Strategies and Debt Maturity; Yang Yu, for Venture Capital and the Dynamism of Startups; and Ritika Gupta, for Can Affirmative Action Influence STEM Choice and Math outcomes? Each winner received a cash award and certificate in recognition of their achievement. Congratulations and keep up the excellent work!

by Erica Sweeney at The Muse

Once you’ve found a job and company that you’re really excited about, salary might top your list of priorities. But while salary is important, it’s only part of the overall offer. To get the full scope of what you’ll really earn at a job, you need to factor in the perks and benefits that a company offers, too.

“Look at it as more of a package than just a job with a paycheck,” says Leslie Slay, senior vice president of employee benefits services at Woodruff Sawyer, an insurance brokerage and consulting firm.

Compensation traditionally includes non-salary benefits like health insurance and retirement plans. And many companies also offer perks—including flexible schedules, educational opportunities, and wellness programs—to support employees in other ways. “More and more, perks and benefits are becoming integrated together” to support employees in a more holistic way, says Bobbi Kloss, director of human capital management services at Benefit Advisors Network.

On average, a benefits package makes up about 30% of an employee’s total compensation in the U.S. So it’s definitely worth paying attention to the perks and benefits a company offers as you’re looking for a job in addition to the salary.

Employee benefits and perks can be confusing, though. In fact, about a third of all workers and 54% of millennials said they don’t understand the employee benefits they signed up for, according to a 2020 survey by Voya Financial. So as a job seeker it’s often up to you to ask a prospective employer plenty of questions to make sure the benefits they’re offering meet your needs.

Better understanding the benefits and perks you’re offered will help you make the best choice about which job offer to accept. To help guide you, here’s an overview of 15 common employee perks and benefits you might come across as you look for your next job:

1. Health Insurance

Health insurance pays (or helps pay) for your medical expenses as they come up in exchange for a premium, or money paid—by you and/or your employer—to the insurance provider each month. Health insurance plans typically cover doctor visits, prescription drugs, emergency care, and certain medical procedures.

Health insurance plans vary from company to company and you’ll likely have a few to choose from. Some companies pay the full premium on their employee’s behalf, but usually you have to contribute to the cost with a certain amount that comes out of your paycheck before taxes. You may have some other out-of-pocket expenses, too, such as copays when you visit your doctor. Many insurance plans also have a deductible, which is an amount of money you’re responsible for paying before your health coverage kicks in. Make sure you’re aware of these costs before you choose a plan to enroll in.

And to ensure a company plan meets your needs, Kloss suggests checking that it covers treatments for any medical conditions you have or prescription medications you take, and that your preferred doctors are in the plan’s network.

If you have dependents (most commonly children or a partner you support financially) or plan to soon, you should also check that the plan will cover everyone and how much it will cost you. For example, a company may pay 100% of your health insurance premium but you may be stuck paying the full premium for everyone else in your family (which can add up fast). Read more about what all those health insurance terms mean here.

Find jobs at companies that offer health insurance

2. Dental and Vision Insurance

Dental and vision insurance cover your dental and eye-care needs. Dental insurance typically covers routine exams, cleanings, x-rays, and some portion of procedures like root canals and fillings. Vision insurance generally covers eye exams and prescription lenses.

Many employers offer dental and vision insurance, either as part of health insurance or as separate benefits. But whereas some employers cover a portion or all of the costs of health insurance, most companies require you to pay in full for dental and vision insurance, Slay says.

Just as you would with health insurance, check if the plans will let you keep your dentist and eye doctor (if you’d rather not switch) and cover any pre-existing conditions or treatments that you need.

Find jobs at companies that offer dental insurance, vision insurance, or both

3. Flexible Spending Account

A flexible spending account (FSA) allows you to put pre-tax money aside to pay for the year’s out-of-pocket healthcare costs, like over-the-counter medications, copays for doctor visits, medical devices like crutches or blood sugar tests, or vision and dental care needs like glasses or contacts. Your employer may also contribute up to $500 to your FSA without you contributing anything (they can match you dollar for dollar on top of the $500), so be sure to check if a company will pay into your account before determining your own contributions. Total FSA contributions are capped at a certain amount each year (for example, they were capped at $2,750 for 2021).

Find jobs at companies that offer FSA accounts

4. Life Insurance

Life insurance is an insurance policy that pays a set amount of money to your chosen beneficiary (or beneficiaries) when you die. If you’re just starting your career and don’t have any children or others who depend on you financially, life insurance may not seem necessary. But it’s still something you should consider, Slay says—especially if your company covers your full premium.

You decide who you want to leave the money to, such as your parents or another family member, to help cover funeral costs, for example. You could even name your favorite charity as the beneficiary.

Find jobs at companies that offer life insurance

5. Disability Insurance

Disability insurance offers compensation or income replacement when you’re unable to work because of an injury or illness that’s not job-related. “I can’t tell you how critical disability insurance is; it protects your paycheck,” Slay says. Disability insurance is usually optional, but worth looking into, she says—just find out what your employer offers and what it will cost you. Some policies are fully paid by an employer and others require you to pay some of the costs in the form of a paycheck deduction, Slay says.

There are two types of disability insurance: short term and long term. Short-term disability insurance varies according to your plan, but typically covers you if you’re out of work for less than six months and on average pays about 60% of your regular salary, according to the Bureau of Labor Statistics. Most long-term disability insurance lasts for 10 years or less (but some policies last until you reach retirement age) and covers about 60% of your annual earnings.

Find jobs at companies that offer short-term disability insurance, long-term disability insurance, or both

6. 401(k)s

A 401(k) is a retirement-savings plan that’s commonly sponsored by your employer. Plans can vary, but generally you contribute to the fund as a pre-tax paycheck deduction and pay taxes on the money when you withdraw it during retirement. Many companies match employees’ 401(k) contributions, either dollar for dollar, where they put in what you put in, or with a partial match—for example, adding 50 cents for every dollar you contribute, up to a certain percentage of your salary. Yearly employee 401(k) contributions are capped (the limit is $19,500 for 2021), but the employer match doesn’t count toward the limit.

Retirement may seem like a long time away. But Slay urges early career employees to contribute as much as they can to their 401(k), especially if there’s an employer match. The match can help you grow your savings faster and if you’re not taking advantage of it, you’re essentially leaving money on the table that your employer is offering to give you. Plus, in an emergency you may be able to pull money out of your 401(k) before retirement (and without paying a tax penalty) for certain expenses, like buying a home or paying medical bills.

Some companies have taken a new approach to employee retirement benefits recently to meet their workers’ current needs, Slay says. For example, some help employees pay down student loan debt by making direct payments to their lender, while others make a larger 401(k) contribution to employees currently paying off student debt.

Find jobs at companies that offer 401(k)s or 401(k)s with company match

7. Paid Time Off

Paid time off (PTO) can include paid holidays, sick leave, federal and state holidays, personal days, and vacation days.

Typically, the amount of PTO offered by your company is based on how long you’ve worked for them, and you accrue more PTO over time (for example, if you get 15 days of PTO per year, that means you accrue about 0.058 hours of PTO for every hour you work, or roughly 10.5 hours of PTO per month). If, say, you’re looking to start a new job right before a holiday or planned trip, you might want to ask the company if it has a policy about using PTO before you’ve technically accrued it.

How a company offers PTO varies, too. For example, some designate a separate number of personal, sick, or vacation days, which is sometimes required by state law. But, Slay says, more employers are lumping all PTO in together to make taking off easier for employees. Some companies even offer unlimited PTO.

Time off is an important factor in your overall compensation, so make sure to ask about how many PTO days you get. Often, you can negotiate your PTO, Slay says, particularly since the pandemic has shown more companies the benefits of giving their workers more time off. “PTO is one of those areas where you can ask for things that are a little different and you might get them.” Also, be sure to check if you can carry over unused PTO into a new year and whether you’ll be paid for any unused days when you leave the company.

Find jobs at companies that offer paid holidays, paid vacation, personal and sick days, or unlimited vacation

8. Family and Medical Leave

The Family and Medical Leave Act (FMLA) is a U.S. law that enables employees to take unpaid leave for certain family and medical reasons. Employees can take up to 12 weeks off for the birth or adoption of a child, a family member with a medical condition who needs care, their own health condition that prevents them from performing job functions, and other reasons.

Under this law, your job is protected and your health insurance continues during this leave. Companies with more than 50 employees are required to comply with the law and you’re eligible if you’ve worked for the company for at least 12 months and meet other requirements. If you’re considering going to work for a smaller company, be sure to find out their policies for family and medical leave.

Find jobs at companies with more than 50 employees

9. Parental Leave

Parental leave enables employees to take off following the birth of a child, an adoption, or the arrival of a newly placed foster child, or for a child otherwise needing parental care, according to the U.S. Department of Labor. Though the FMLA requires some employers to offer unpaid leave in these instances, there’s no broad guarantee of parental leave in the U.S.—which means it comes down to the employer.

More than half of U.S. employers offer paid new child leave to women, and 45% offer paid new child leave to men, according to a 2020 study by the Society for Human Resource Management and Oxford Economics. However, specific policies vary for the companies that do offer parental leave, so find out about a prospective employer’s rules if you plan to start a family soon, Slay says. Ask whether the leave is paid or unpaid, whether your job will be there waiting for you when you return, and how much time off you’re allowed.

Find jobs at companies that offer maternity leave, paternity leave, or both

10. Remote Work Options

Remote work gives employees the freedom to work from home or anywhere else outside of a traditional office setting, either full time or part time in a hybrid schedule. The COVID-19 pandemic made remote work a necessity, and it was such a hit with workers that many have said they’ll quit their jobs rather than go back to the office. Employers realize that remote work has benefits for them, too, such as opening up a much broader, more diverse talent pool to hire from, so many organizations plan to allow remote work in some fashion post-pandemic.

While more employers will be offering fully or partially remote positions after the pandemic off the bat, the ability to work from home is something you can likely negotiate, Kloss says. “I think employers are recognizing after COVID that they can be more flexible in those areas than they ever thought possible.” So find out whether you’ll be able to work remotely some or all of the time and what the company’s policies are for remote work schedules, virtual meetings, and communication. Also ask whether they provide equipment or stipends for internet, phone, or other expenses for remote workers.

Find jobs at companies that offer remote work opportunities

11. Flexible Schedules

A flexible schedule is when your employer allows you to work hours and days outside of the traditional nine-to-five, Monday-to-Friday schedule. For instance, you might work 10 hours a day, four days a week or set core hours when you’re available, such as 9 AM to 1 PM, and have flexibility the rest of the day to complete your work whenever you’d like. Like with remote work, the pandemic led more companies to offer flexible schedules to accommodate different work styles and time zones as well as employees who have children or other caretaking responsibilities. 

Flexible schedules are another perk that you can likely negotiate—just make sure you and your employer both come away with a clear idea of which days and times you’ll work.

Find jobs at companies that offer flexible work hours

12. Wellness Programs

Workplace wellness programs aim to improve an employee’s mental and physical health and offer more resources beyond health insurance. Wellness programs have traditionally included health screenings and tools to help people lose weight or stop smoking, according to the Kaiser Family Foundation.

But organizations have taken a broader, more holistic approach to their wellness programs in recent years by offering individualized supports that take into account an employee’s emotional, social, physical, and financial needs, Kloss says. Wellness-based perks—such as fitness subsidies, meals, and access to mental wellness apps and counseling—are becoming more common.

Even more so than with other perks and benefits, wellness program offerings vary widely, so find out the specifics of what a company offers and consider how it meets your needs.

Find jobs at companies that offer wellness programs, fitness subsidies, on-site gym, and meals

13. Education Benefits

Most companies offer some type of education benefit, including access to online courses, on-the-job training, tuition reimbursement for continuing education, and learning and development stipends to cover educational expenses.

If you’re just starting your career, these programs can help you succeed long term by keeping your skills fresh, which could increase your chances for promotions or raises, Slay says. Education benefits and perks also signal that a company values and invests in its employees and their growth. So be sure to ask what a company you’re planning to work for offers if education is important to you.

Find jobs at companies that offer access to online courses, tuition reimbursement, or learning and development stipends

14. Mentor Programs

Mentor programs pair you with someone at your company who’s more experienced and can answer questions and offer guidance to help you advance in your career. “Mentorship is huge,” Slay says. Mentors can serve as advocates to help you navigate the technical and political parts of a job as well as you build and expand your network.

Mentorship programs help employees feel valued, create a culture of learning and increase job satisfaction and productivity, Slay says. So find out whether a company provides formal or informal mentoring and what their programs entail.

Find jobs at companies that offer mentor programs

15. Diversity, Equity, and Inclusion Programs

Diversity, equity, and inclusion (DEI) programs and initiatives encourage the representation and participation of different and often underrepresented groups, such as women, people of color, people with disabilities, and the LGBTQ community. The programs may include mentorship opportunities, targeted recruitment efforts, and employee resource groups (ERGs).

As with many employee benefits and perks, some DEI programs are more robust than others. So it’s a good idea to find out the specifics of what a company offers and how it aligns with your values and needs, rather than just noting that they’ve ticked the box in offering a DEI program.

Find jobs at companies that offer diversity and inclusion programs

Before you accept a job offer, make sure you have a good grasp of the company’s benefits and perks and how they fit into your overall compensation structure. Ask plenty of questions to get all the details of how each benefit and perk aligns with your needs and negotiate to get what you want. Keep in mind, too, that when you’re searching for open jobs on The Muse, you can set filters so you’ll only see open positions at companies that offer the benefits and perks that matter most to you.

https://www.themuse.com/advice/common-employee-benefits-work-perks-explained?sc_src=email_1611396&sc_lid=136590251&sc_uid=0VrW5nDlME&sc_llid=142764&sc_eh=b3364f87ca0559331&utm_source=emarsys&utm_medium=email&utm_campaign=daily_20210929_NoSpon_90Day_1611396&utm_content=sponsored&utm_term=_&uid=885319293

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

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

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.

17 Tips to Get the Most out of Your Virtual Internship

Summer internships are an important part of a lot of students’ college educations. Unfortunately, they’re not exempt from the confusion the coronavirus pandemic has wrought on every aspect of our lives.

The good news: Most employers are keeping internships going this summer. Only 22% of employers planned to revoke some internship offers as of May 1, according to a poll by the National Association of Colleges and Employers (NACE).

Instead of cancelling them, NACE reports, “In general, employers are adapting their summer 2020 internship programs by moving as much programming to a virtual space as possible.”

At least 83% of companies in the poll intend to adapt their internship programs to respond to social distancing and stay-at-home orders this summer.

That could mean your internship offer is still on the table — but that table might be in your kitchen.

Don’t let the switch ruin your summer internship experience. Here’s how to get the most educational, professional and networking opportunities out of a virtual internship.

How to Make the Most of an Internship From Home

An internship is a rich opportunity to learn and even to land a full-time job. Turning it virtual doesn’t have to take away those opportunities.

Follow these tips to get as much education and opportunity out of your virtual internship as you could get in person:

1. Surface the Right Strengths

Some fields are more adaptable to remote work than others. If you had planned to spend your summer doing anything but working at a computer, you might have to find new muscles to flex.

Like, if you booked a political internship focused on knocking on doors or talking to people on the street, you’ll probably have to shift gears to social media marketing. If you were going to work with kids in child care or educational programs, you’ll have to get comfortable engaging them on-screen.

Draw on all your classes to put peripheral strengths to use in a virtual internship, even if the work isn’t what you expected.

Things like writing and blogging, graphic design, communications, coding, digital marketing and social media, and data analysis translate well to remote work. Be prepared to take them on this summer — and learn job skills you didn’t think you would!

2. Set a Schedule

You have to show up for work from home just as much as you would in an office. Keeping a daily schedule will help you be fully present during work hours and also disconnect when you’re not on the clock.

Don’t roll over in bed and log into email on your laptop at 9 a.m. Develop a healthy morning routine, so you show up to your work fresh and ready to focus. Get dressed. Don’t let housework, pets or Netflix creep into your work hours just because they’re right there.

3. Set Boundaries With Family and Roommates

The people you live with might mistake your being at home with being available for chores or socializing. Set boundaries early, so they know this isn’t the case.

Let everyone in your house know your work schedule before you start, so they understand why you don’t have time for them during the day.

More important: Enforce the boundaries. When they stop by to chat you up, let them know you have to get back to work. When they ask you to help fold laundry, turn them down, and let them know you can do it after 5 o’clock.

4. Set up a Dedicated Work Space

Designating a work space will complement your schedule — and boundary-setting efforts.

Settling into the same place to work each day signals to your brain that it’s time to work. And creating a space your house mates recognize as a work space helps remind them when you’re at work.

It doesn’t have to be a home office or anything major if you don’t have access to that kind of space. Just choose a place you can work comfortably and with limited distraction. A porch with a little shade could be a perfect summer office!

I recommend avoiding your bed, because it’s too easy to become sleepy. And I recommend avoiding the kitchen table if you live with a lot of people, because kitchens are busy spots. But do what works for you.

5. Take Care of Your Physical and Mental Health

Working from home eliminates some natural opportunities a workplace usually offers for physical activity and socializing. You’ll need that kind of self-care to stay creative, productive and focused during your internship.

Remote work can be tough on your mental health under any circumstances. A pandemic only compounds it.

Take care of your mental health during a virtual internship by:

• Talking to a therapist online or through teletherapy apps like BetterHelp and Talkspace.
• Meditating with YouTube tutorials or apps like Headspace and Calm.
• Going outside for fresh air and sunshine.
• Decompressing at the end of the day through exercise, journaling, social media, reading or something else relaxing.

Getting exercise and moving around is also helpful for your mental health, just as much as it is for your physical health. (My advice: Start now. Your hips will thank you when you’re older.)

Check out these products to stay active and healthy while working from home.

6. Become Familiar With the Tech

Companies often expect students to be tech wizards — but being a digital native doesn’t mean you know how to use every tool out there. 

If an internship is your first foray into corporate work, you might have never used remote work technology before.

Familiarize yourself with the company’s tools right away. Take time on your first day to log into your accounts, explore the settings and address issues before they become an annoyance in the course of your work.

Some tips:

• Start a practice call on a video conferencing app, and download whatever software it prompts you to. Set your video, mic and audio preferences.
• Log into chat apps, like Slack or Skype, and fill out your profile with a name, photo and title.
• Sign into your company email to make sure your password works.
• Download video and chat apps to your phone, sign into your accounts and adjust your notification preferences.

7. Ask Questions

I’ve spent a lot of my career being the dumbest person in the room — and that’s a good thing. My biggest asset has been my willingness to ask questions.

Your coworkers expect curiosity from you as an intern. You’re there to learn! Don’t waste the opportunity trying to prove to professionals that you’re already an expert. You’re not.

A virtual internship might present less-obvious opportunities to ask questions — sitting in on meetings, running into coworkers in the break room or sharing a desk cluster with your team.

So you have to be assertive.

PRO TIP

Speak up in virtual meetings or follow up via chat afterward. Ask “why” a lot, even when you think you know the answer. Respond to your manager’s requests to clarify tasks they want you to complete.

Lots of experts and employees say asking questions is vital to turning an internship into a job offer, so don’t shy away from your curiosity.

8. Ask About Company Culture

An on-site internship might present opportunities to dive into company culture, like lunch-and-learns or wacky dress-up days. But companies might not make that effort with a remote workforce, especially if they’re not accustomed to being separated.

Be proactive to show them you’re interested in participating in the culture, not just the job. Join virtual activities.

If no one is coordinating them, suggest some ideas to your team — a wacky-dress day can be just as fun over Zoom as in the office!

9. Keep an Internship Journal

You might have to log your hours and write a paper about your experience to earn college credit for your internship. But even if you don’t, I recommend jotting a few notes in a journal at the end of each day to reflect on your experience.

This is a useful way to decompress, take in the experience and understand what you’re learning. If you end up with internship coordinators who aren’t super engaged remotely, this self-reflection could come in extra handy.

10. Stay Open to Opportunities

Flipping the switch to a virtual internship might present you with unexpected opportunities. You’ll showcase strengths you didn’t expect to use, and the company will likely have needs it didn’t expect to have.

Stay open, and say yes to opportunities. Don’t turn tasks or projects down because they’re not traditional to your field or they’re not what you expected this role to be.

An internship is a place to learn, and staying nimble to possibilities — especially during a time that’s stressful for everyone you’re working with — is vital to your education and development.

11. Make Yourself Critical to the Company’s Success

In any internship, you could easily come in, complete your work and disappear at the end of the summer. Working remotely makes it even easier for you to totally fade from everyone’s memory when your internship ends.

Get ahead of that by doing the job so well the company doesn’t want to live without you.

Note that doing critical work could be a legal problem for an unpaid internship, so know your rights if a company actually can’t function without the work you do.

Instead, focus on being a star by being curious, taking on challenges and fitting into company culture, so the company can see how much of an asset you’d be as a full-time employee in any role.

How to Build Your Network Through a Virtual Internship

A major benefit of internships is building a network of mentors, professionals and other students in your field. Working from home could make that seem impossible.

Follow these tips to build your network virtually:

1. Do Your Homework

Ideally, you researched the company before applying, so you knew what you were getting into; or before your interview, so you could make a good impression.

But if you haven’t yet, bone up on the company’s history, mission, structure, operations and leadership. It’ll help you carry on conversations with your coworkers — and it’ll give you a great education in your field, too!

2. Find Everyone on Social Media

No matter how hard we try, virtual teams don’t seem to socialize as much as those working in a shared space. To make up for the lack of office chit chat, connect with employees and other interns through social media.

LinkedIn is an obvious place to start. You can connect with anyone from the company there to stay in tune with professional chatter. But polish your profile before sending the connection requests!

Twitter offers a similar opportunity to connect with people, even if you don’t know them well. If professionals in your field are active on Twitter, it might be a more useful platform than LinkedIn to follow and engage with influencers in the company, because Twitter users tend to get on the platform more regularly.

Facebook and Instagram might be appropriate platforms to connect with other interns and employees you work closely with. People are more active and personal on those, so they could help you forge connections that last beyond your internship.

3. Organize Virtual Events

Kudos to your company if it organizes virtual networking and social events for employees and interns. If it doesn’t — and that’s more likely — take the initiative to set them up yourself.

Reach out to human resources reps, a social committee or your supervisor, and suggest some ideas for virtual social gatherings to keep employees connected. If appropriate (i.e. if it’s not already someone else’s job), offer to coordinate it.

PRO TIP

You can organize networking events with just fellow interns. Bonding with them will improve your experience and lay the bedrock for your professional network that’ll be valuable for years to come.

Consider these virtual social events via video conference:

• Happy hours
• Pub trivia
• Game night
• Yoga classes
• Workouts or fitness classes
• Sewing or knitting circles
• Book club
• Movie night (check out Netflix Party for Chrome to stay in sync)
• Roundtable chats on fun or educational topics
• Talent shows

The possibilities are broad; just get creative!

4. Dress to Impress (Including Pants)

Working from home is no excuse to look sloppy. You don’t have to force yourself into Spanx to smooth a pencil skirt over your thighs, but you shouldn’t show up to Zoom meetings in bottomless pajamas, either.

You’ll make an impression in virtual meetings just like you would in person, so dress accordingly. Brush your hair, and wash it occasionally. Wear a clean, comfortable shirt, and change it every day.

Getting dressed for the work day might feel silly, especially if you’re only on camera for a meeting or two.

But studies have shown what you wear impacts your creativity, confidence and attention to detail, Scientific American reports. 

5. Get on the Phone

I might be an old millennial, but I definitely don’t prefer a phone call if any other option is available. Still, I know they’re important.

You can forge a connection with someone over the phone — or a video chat — that you can’t via text or email.

If you find yourself in a complicated conversation over text, email or chat with someone on your team, suggest hopping on a phone or video call. It’ll help you find clarity and also provide an opportunity for small talk you’d probably skip over text.

You can also suggest purely social calls — reach out to coworkers, and ask to set up a call to chat and get to know them better. It might feel awkward compared to just bumping into them over lunch, but use the unusual circumstances as an excuse to be more assertive.

6. Take Advantage of Your Signature

Most of your communication with people at the company will probably be via email or chat. Use your signature or status on those platforms to showcase your personality and achievements, and show coworkers where to connect with you outside of work.

Some things you could include in your email signature and Slack (or other app) status or profile:

• Your location
• Emojis that represent how you’re feeling each day
• An inspiring, positive or funny quote
• Links to your website and social media profiles
• Your career aspirations, like “Future human rights lawyer”
• Your areas of focus, like “writing, design and social media”
• A call to action to support your favorite charity
• Your personality profile from Meyers-Briggs, Enneagram, StrengthsFinders or other tests

Rock Your Summer Internship — From Anywhere

You don’t have to go into an office to have a valuable internship experience. Be nimble, stay positive and make the most of the opportunity you have.

Completing a virtual internship will give you a valuable skill set that might be in increasingly high demand in the future: knowing how to work from home.

Dana Sitar (@danasitar) has been writing and editing since 2011, covering personal finance, careers and digital media.

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.”

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.

Q and A with Professor Pepper on Why Research Has Not Been Able to Solve the Gun Control Debate.

The announcement, made on Twitter, can be found here: https://mobile.twitter.com/ASHE_ASSA/status/1197849863582552069 .

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.

"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:

• SenateAppropriationsSubcommittee160921OralFinal12 (.pdf)
  • Reducing Poverty by Reforming Housing Policy
• SenateBankingHousingUrbanAffairsSubcommittee160922OralFinal12 (.pdf)
  • Reducing Poverty by Reforming Housing Policy

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)

"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

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.

Vault:

by Victorio Duran III | August 05, 2021

It isn’t easy to stand out at in-person job fairs, and leaving a lasting impression with employers at virtual job fairs can be just as challenging. However, if you follow the eight tips below, you’ll have no difficulty making meaningful professional connections and differentiating yourself from other candidates.

1. Update your profile and resume

Your resume and professional profiles, especially your LinkedIn profile, need to be up to date. Ensure that your resume is as comprehensive as possible. Don’t skimp on information—and certainly make sure to include key words and quantifiable achievements. Also, make sure your polished, error-free resume is available in both PDF and Word files, and available on your desktop so you can access it and upload it easily. All of this is important during fairs because employers use the information on your resume and profile to see if you match their requirements.

2. Do your research

For employers you’re interested in, go the extra mile while researching them. Find out about the opportunities they offer and their cultures. This allows you to better determine if they might be good fits for you, and to customize your resume and profile to their requirements. In addition, doing your research shows recruiters at the career fair that you did your homework and are interested in working for them. The more you know about a company’s products, employee culture, social media presence, standing in the market, etc., the more topics you’ll have to talk about—and the more likely you are to make a lasting impression.

3. Prepare to ask questions       

Answering questions is so passé. To stand out from the competition, you need to ask questions—and you have every right to do so. Show off the research you’ve done and prepare a list of questions for recruiters. You might ask about company culture, retention rate, growth plans, how a company is managing in these difficult times, and how a company’s work environment has changed in the wake of Covid-19. Also, with everyone working from home, you might have legitimate concerns about starting a job remotely. So, ask about the communication tools the company uses to facilitate work from home, and whether they prefer Glip, Discord, or another collaboration software app.

4. Plan your day

You don’t want your lack of planning and organization getting in the way of making strong connections at virtual fairs. So, if you have trouble getting organized, there are many online productivity tools that can help. It also helps if you proceed step by step through each virtual fair. So, decide ahead of time which virtual stands you’d like to stop at and decide the questions you’ll be asking at each stop. In addition, familiarize yourself with the platform hosting the fair so you know how to go about it.

It’s extremely important to spend your time efficiently. You want to attend the career clinics and webinars but also make time for meeting with recruiters on a one-to-one basis. You don’t want to have all the information and knowledge on how to land a job but not get enough time to talk to the people actually offering one.

5. Draft an elevator pitch

It’s important to prepare an elevator pitch you can give to recruiters you meet at fairs. Time is of the essence, as there are typically hundreds of other candidates vying for recruiters’ attention. Making an impression with few words isn’t something most people can do on the spot and off the top of their heads. So, ahead of each fair, draft an elevator pitch thoughtfully, considering how you’ll approach each employer and what would you’d like to say.

It’s probable that instead of talking, you’ll have to text your pitch, so have your pitch ready to be copied and pasted. A little knowledge of the principles of copywriting wouldn’t go amiss to make an immediate impression and be able to sell yourself. And think short and sharp—briefly outline your academic and work background, and mention why you’d like to be part of an employer’s team.

6. Be professional

Even when you’re attending a virtual fair, you should dress to impress. Recruiters will be able to see you. Be as sharply dressed as you would for an in-person interview. This shows seriousness and will create a great first impression. Avoid clothing with patterns, and keep your background plain, simple, and clutter-free.  

Of course, don’t be late for the fair. Show up on time so you have a better chance of doing everything you want to do during the fair. If you’ve set prior appointments for personal meetings with recruiters, be there before they are. Doing so will make you come off as eager, well prepared, and someone who respects others’ busy schedules.

In addition, be professional in all your communication. A joke or two can be acceptable during conversations to lighten the mood, but too many jokes can make you seem not very serious and create the wrong impression. While it’s good to have things to talk about, limit your conversation to the company, the job, and the matter at hand.

7. Be real

To come off as your authentic self, especially on a virtual platform, isn’t easy. However, the best advice is to be yourself. Let your personality shine through, and don’t let your nerves get in the way. There’s no need to be nervous or worried that one single job fair will make or break your career—there will be many other fairs. Also, remember that genuine candidates stand out—they’re the ones recruiters will remember.

So, if you’re authentic as possible while also acting confidently and professionally, you’ll create a great first impression. Give honest answers to questions, relating answers to your personal life and struggles to give employers a quick idea of who you are. Of course, be cool-headed at all times, especially in response to tricky interview questions you didn’t anticipate. 

8. Close thoughtfully

If you want to make a truly lasting impression, you need to connect with employers after career fairs. So, make sure you ask for their contact information during the fair, and send them a formal email immediately afterward. You could also send them a LinkedIn request with a personalized message, thanking them for their time and summarizing the conversation you had. Mention the position you’re interested in, and remind them again why you’re a good fit. Keep it short, and ask to be informed of the next steps in the hiring process.

Victorio Duran III US is the Associate SEO Director at RingCentral, a global leader in cloud-based communications and internet phone service provider. He has over 13 years of extensive involvement in web and digital operations, with diverse experience as a web engineer, product manager, and digital marketing strategist.

"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."

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.

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

Graduate students from every cohort stepped away from their work to hike White Oak Canyon trails, one of the most popular trails in Central Virginia. 

"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.

For our students who have a general interest in business, but are less focused on the industry or a particular job function, these programs may be for you. They are typically private sector programs, span industry and sometimes even extend into the think tank space or public sector, such as the Council on Foreign Relations' Young Professional Program or the US Government's Pathways Program. Most though, exist in the private sector and are used to recruit young, talented recent graduates into a firm's management pipeline. Employees typically spend a short period of time (3-6 months) in a division of the firm, such as marketing, operations, finance, or talent management, and rotate through several. Often employees are assigned a mentor and attend cohort-training with other peers in the program. Toward the end of the full rotation period, employees along with their managers, select a permanent placement. 

Below, I've included a few links to pique your interest. I've also included a link to a full list of programs. For some links, you may need to do a little more digging to find the correct link because websites continue to evolve throughout each academic year. For example, Mastercard's link has expired, but I was able to search their website for jobs that are considered part of their leadership program. Some firms also host summer rotation programs, such as the NFL.

Another tip, in any job search engine/job board, search by the keywords "management rotation" or "leadership rotation" to source these programs. Check out my search results on indeed by plugging in "junior rotational analyst." (If you're reading this blog in May, rather than in November, likely the yield will not be as high.) Of course this strategy is not the Holy Grail of the job search, but one more tool for your toolkit. The ECO recommends a full complement of resources including TWP (Talking with People - networking) to learn more about any job you find interesting and to broaden your search if you are getting stuck.

Below are selected Leadership Rotation Programs recruiting now:

• Council on Foreign Relations - https://www.ypfp.org/
• GE Financial Management Development Program - Healthcare Track https://jobs.gecareers.com/healthcare/global/en/fmdp
• GEICO Management Development Program - https://careers.geico.com/us/en/c/leadership-jobs
• https://www.careereducation.columbia.edu/resources/leadership-developmen...
• Texas Instruments Rotation Program - https://careers.ti.com/students/ (scroll down when you reach the page)
• Unilever - Future Leaders Programme - https://www.unilever.com/careers/early-hires/
• Vanguard - https://www.vanguardjobs.com/students-and-recent-graduates/
• Visa - https://usa.visa.com/careers/university-recruiting.html#Rotational_progr...

Check out more programs here: https://www.careereducation.columbia.edu/resources/leadership-development-rotational-programs

Although the list of employers at the link above are categorized by industry, jobs across function exist with each firm. This means that you could work for a tech firm, but hold a finance position; or, you could work for a finance firm and hold a tech position. Please make an appointment with me to discuss your internship or job search in more detail.

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...

How to Write a College Resume That’ll Get You Hired (Plus an Example!)

by Meredith Pepin at The Muse

James Woodson/Getty Images

When you’re in college, a strong resume is one of the first things that helps you land an internship or part-time job. It represents you to employers when you can’t be in the room (yet!) and is essential to convincing them to call you for an interview based on your previous experiences and current skills. Whether you have a resume you used for college applications or are starting completely from scratch, putting effort into your resume now gives you a higher likelihood of success and sets a solid foundation, making it a breeze to update in the future as you—and it—evolve.

If you feel like you have nothing to put on your resume, don’t worry. After advising hundreds of students on these documents, I know you have more to offer than you think! I frequently meet first-year college students who believe they can’t include many of the things they did before college on a resume. You absolutely can—and you should—until those get outranked by all the other awesome things you’ll accumulate over the course of your college career. Even if you’re a freshly minted high school graduate, you have valuable skills and experiences employers want, and this guide can help you showcase them.

Read on to learn about what goes on your resume, how to format it, and what else you can do to ensure it makes you shine—and to see our college resume example.

What Goes on a College Resume

In setting up your resume, you should use a few core sections to help you easily lay out all the information a recruiter is looking for when they make quick decisions about whether or not to interview you. (And yes, recruiters do skim, reportedly spending an average of 7.4 seconds making their first pass on a resume, so you want to make a good impression fast).

Contact Info

It’s traditional to start with your basic contact information at the top of your document including your name, email, phone, and the city and state where you live. Use your full name (and maybe bump up the font a point or two because you’re a big deal!), and if you have a nickname you prefer, you can include it in parentheses.

Use your college email as it’s typically professional and establishes your educational brand. Now is also a good time to check that your phone’s voicemail greeting is up-to-date. In case a recruiter calls while you’re busy—or you don’t recognize the number and swipe it to voicemail—this greeting could be their first impression of you. Even recording something as simple as, “Hello, you’ve reached Christine. Please leave a message and I will return your call as soon as possible,” can help them feel confident they reached the right person and that you’re able to present yourself professionally.

Your physical location can be based either on your school’s address or your permanent home address. If you’re targeting opportunities in one location or the other, include the most local address so they know you’re familiar with the area (and likely won’t have a problem finding housing).

Pro tip: Save space by listing your email, phone, and location all on one line. If you have a LinkedIn profile, you can add that in your contact information section as well. The result might look like this:

Karla Perez
Stillwater, MN ∙ (000) 765-4321 ∙ karla.r.perez@university.edu ∙ www.linkedin.com/krperez

Education

For college students, education should be right below the contact information on your resume. This immediately orients your reader to the fact that you’re a current student and conveys important information, like what you’re studying. What you include in your education section can also demonstrate that you’re a good match for the opportunity you’re targeting, increasing your chances of a recruiter call.

The basics you should always include are:

• Your school’s name
• Your expected graduation date
• The type of degree you’re pursuing: For example, you might write “Bachelor of Arts” or “Associate’s Degree.”
• Any majors, minors, or concentrations: If you’re applying to opportunities in these areas, this will help an employer see you already have some knowledge and a motivation for working with them.

Depending on your personal strengths and what jobs you’re applying for, you might also want to include:

• Your GPA: But only if it’s strong. (It’s usually good to include 3.5 and above.) If you stumbled through some of the general requirements you had to take but nailed all the courses in your major, consider adding two GPAs—your cumulative GPA and your major GPA—to show you have stronger grades in your chosen discipline.
• Standardized test scores: If you’re applying to opportunities in quantitative fields, like finance or consulting, you might consider listing standardized test scores like the SAT or ACT.
• Relevant coursework: Selecting and highlighting three to five classes that match closely with the specific opportunity you’re applying to is a really fast way to tailor your resume and make you a more attractive match. For example, if you’re targeting an internship in computer science, you can list your “Introduction to Python” and “Introduction to Algorithms” classes.
• Other colleges or universities you’ve attended: If you’re a transfer student or you studied abroad at another university, adding these schools can signal that you have other strengths, such as cultural awareness or language skills, or give you a chance to highlight key classes you took elsewhere.
• Your high school: If you’re shooting for an opportunity local to your high school or went somewhere well-known, then you may want to keep that as your last entry for educational experience. Otherwise, high school is the first entry to cut when you’re short on space. It has gotten you to where you need to be, but the focus should now be on the higher-level degree you’re working on and you should dedicate as much space as you need to boast about all of your amazing college accomplishments!

Here is an example of what a completed “Education” section might look like:

EDUCATION

Candidate for Bachelor of Arts degree, St. Olaf College, Northfield, MN
Double Major: Political Science and Economics ∙ Expected Graduation: May 2023 ∙ GPA: 3.7
Relevant Coursework: Introduction to Political Theory, Politics and Human Rights, Global Interdependence

Experience

The experience section is where the real substance of your resume lives. This is the chance to show a snapshot of the jobs and internships you’ve had (if any), the work you did, the skills you used, and your accomplishments. Let’s talk about what experience you can include, how to pull out skills and demonstrate your value, and what it should look like on the page.

Experience can cover a lot of things. It can be full-time jobs, part-time jobs, internships, or research. Unpaid work—like volunteer and community roles—counts too! Don’t discount the value these other kinds of experiences can add to your resume just because you didn’t earn money. You can leverage all of your experiences on a resume by pulling out transferable skills, or broader talents you’ve developed that will be beneficial even if you aren’t applying to the same type of role.

Take a significant class project, for example. That can be built out as experience as long as you’re clear it was for a class. If you worked on a group project, you probably collaborated on a team, organized, worked under deadlines, completed some independent tasks, presented your work to others, and had some kind of outcome. Even if you were doing something that might not seem widely applicable, like designing a rocket, many of those skills can transfer over to another role. Say you had to do cost comparisons for the materials you selected for your rocket, those same analysis skills could be useful to a business role or for a part-time job where you have to order supplies for a restaurant.

You can also create targeted headers for your Experience section(s) if there are themes that correlate with the internship or part-time job you want. Specific headers—such as “Research Experience,” “Marketing Experience,” or “Software Engineering Experience”—can immediately help your reader see that you’re aligned with the needs they have for their open role.

If you don’t have something that specific, it’s OK. You can still shift your experiences into categories like “Relevant Experience” and “Additional Experience.” For example, if you’re applying to research roles, you’d want to put any research related work under “Relevant Experience,” and your cashier job and website building side hustle would go under “Additional Experience.” These two headers are great for allowing you to bump the best of your experiences up toward the top of your resume.

Once you decide which headers to use, make sure each entry includes basic information—the title of your role, the organization’s name, the location, and the dates you worked there—along with bullet points describing what you accomplished. For example:

Intern, Minnesota State Senate, St. Paul, MN
June 2019–August 2019

• Researched prior legislation and current bills, summarized content, and identified alternate actions
• Coordinated the schedule for Senator Harriet Maxwell and kept accurate minutes for all meetings
• Drafted memos for important interoffice updates outside of normal meeting schedule

Skills

A skills section is a great way to make your most valuable knowledge and expertise stand out—and be easily spotted by a recruiter. Which skills belong in your own skill section depend on the jobs you’re applying for, so be sure to read the job description carefully to figure out what skills are most relevant for each particular role.

Skills that might appear in this section include (but are definitely not limited to): technical skills; software or other tools you know well; languages you can speak, read, or write; other job-specific skills like using a POS system or cash register; and, for some jobs, even your ability to drive different vehicles.

From this range, you can see why it’s important to change things up based on what job you’re applying to! Some skills—for example, being fluent or conversational in a second language—might be relatively permanent fixtures on a college resume. If you’re looking for a part-time job waiting tables, you might add the fact that you can bartend, whereas you might list your mastery in JavaScript instead when going after that software engineering internship you have your eye on.

Once you’ve decided which skills are most important for this role, you can simply list them on your resume. If you have a few different types of skills, you can separate them into categories. For instance:

SKILLS

Languages: Spanish (Fluent); Russian (Basic)
Software: JavaScript, Python, CSS

Note that just listing your skills in a separate section isn’t always enough. You also want to make sure to describe how you’ve used key technical and job skills elsewhere on your resume (usually in the bullet points of your experience section).

Other Optional Sections

There are some other sections you can consider adding depending on your experiences and what your target employer might be looking for. For example, a consumer product firm might be looking for examples of design work. In that case you could add a section called “Design Projects,” which might include significant assignments from some of your academic classes or independent projects that you’ve developed in your spare time. Don’t be afraid to include links to your work if you’re submitting your resume online! (Just avoid hyperlinking out from important words, as this could trip up the online systems that scan most resumes.)

Another popular section is “Leadership Experience” where roles like being the vice president for one of your student organizations or being a co-captain for your athletic team would be a good fit. Employers love to see leadership themes on resumes, as it demonstrates the transferable soft skills they’re looking for like communication, collaboration, and initiative.

An “Activities” section can also demonstrate skills. If you dedicate time to learning more about consulting cases with your consulting club, you likely increased your analytical skills in a team setting, which is valuable for many business roles. If you’re an athlete, you can showcase your ability to manage your time, create or be part of a cohesive team, or organize and motivate teammates during practices. These skills gained as an athlete can be ideal if you’re applying for a heavily collaborative role. Additionally, if the activities that you’re involved in are directly applicable to the job, these are powerful to include as it demonstrates interest and dedication. So if you’re majoring in healthcare administration, adding that you’re a member of the Healthcare Society on your campus can be a major plus for an employer.

Any optional sections like these will usually need to be set up similar to your experience entries. Include the organization (or class), your role, the location, the dates you participated, and your key achievements. Here is an example of an entry you might put under a “Leadership” heading:

LEADERSHIP

Head Delegate, Model United Nations, Northfield, MN
September 2019–April 2020

• Researched global topics such as human rights and sustainable energy and developed persuasive positions
• Represented Chile as a delegate in an education simulation at a conference with 2,000+ participants; negotiated with others and collaborated on common goals to deliver resolutions on political issues
• Liaised between the delegation and the Secretariat, serving as a first point of contact and resolving issues

6 Tips for Writing a Successful College Resume

From formatting to crafting strong descriptions, attention to detail can pay off when tackling your resume. Here are six tips to help you develop a great resume:

1. Choose the Right Resume Format for You

Your parents or other family members might share their resume and have you copy it because it has worked for them. But they’re at a different place in their career and their format may not be the best one for you.

There are three main types of resume formats for laying out your experiences, skills, and education—the functional resume, the combination/hybrid resume, and the chronological resume. The chronological format is almost always the best fit for college students.

With a chronological resume, you’ll list your experiences within each category/section in reverse chronological order (most recent to least recent, based on end date). Since this is the most traditional and common resume format, recruiters are familiar with it and can quickly see what you have to offer.

2. Be Clear and Consistent

In terms of resume formatting, there are a lot of small choices to make about things like font, style, and spacing. Whatever you decide, make sure it is easily readable, consistent, and not overly fancy. You could have the greatest content in the world, but if it’s too difficult or annoying to read, a recruiter is going to move on.

In order to make a document easy to scan, use clear headers for your sections. Maybe they’re bold and in all caps, or maybe they’re a couple font sizes larger, but they should be the same throughout your resume. The rest of your content should be consistent as well. For example, all your organization or previous employer names might be in italics, your dates all right aligned, your locations in plain text, and the titles of your roles in bold. Keeping things uniform helps the recruiter easily absorb all the relevant information you want them to have.

3. Make Sure It Can Pass Through an Application Tracking System (ATS)

Formatting is also important because your resume will likely pass through something called an applicant tracking system (ATS), a type of software that helps recruiters organize incoming candidate applications. Recruiters can apply filters or search for keywords, and the ATS will show candidates matching the desired criteria, making it easier to identify good candidates in large applicant pools.

In order for your resume to pass this first round and make it to the human who has the power to get you to an interview, the ATS needs to see you’re a good match. But there are formatting choices that can confuse an ATS—for example, some won’t read the content inside tables, text boxes, or graphics. And if the ATS can’t read your materials, your resume might be filtered out. (Read more about formatting your resume for an ATS here.)

This all means that using one of the fancy resume templates you see online isn’t necessarily the best move. Most basic formatting can be achieved with bolding, italics, and spacing, and you will still end up with a good-looking resume—meaning that starting with a blank document can actually be a better bet. (If you still want to use a template, we’ve curated 41 free ATS-friendly templates here.)

4. Create Impactful Descriptions

Give the descriptions you use for your experiences some TLC, as this is what recruiters will focus on once you’ve caught their attention. I often discover students undersell—or simply forget—all the things they’ve done that might be interesting and of value to an employer (including those transferable skills).

Here’s an exercise that can help. Reflect on an experience (such as an internship you had or volunteer work you completed) and quickly jot down what you did. You don’t need to have much structure for this—try it as a brainstorm. Think about answering some of these questions:

• What was your role?
• What were the goals for that position or experience?
• What tasks did you specifically do?
• What projects did you work on?
• Were there any side projects or tasks you completed?
• Who did you work with?
• What did you contribute?
• What did you accomplish? (Or what did/do you intend to accomplish? This can be a useful way to think about things especially when considering research or longer term projects that are still in progress!)
• Can it be quantified? Numbers can paint a clear and impressive picture of your accomplishments to someone reading your resume. You might write that you fundraised as part of the Student Government Association, and that will generally get your point across, but if you can say you increased SGA fundraising by 30% and were able to create two new social events attended by 100+ students each, that will make more of an impact. Look for ways to quantify your accomplishments wherever possible.

Once you have a good brainstorm, take the information you gathered and try crafting several statements using this formula:

Action Verb + Subject + Outcome/Purpose/Result (i.e. Accomplishment)

So you might say:

Organized a fundraiser event for 70 participants resulting in $1,000 in donations to a local hospital

Your descriptions are most valuable when leading with an action verb that reflects specific skills. For example, swap “Worked on” for “Collaborated on” and “Responsible for” with “Oversaw.” Other verbs I often recommend students use include:

• Analyzed
• Communicated
• Created
• Facilitated
• Improved
• Initiated
• Led
• Organized
• Presented
• Researched

5. Tailor Your Resume for Each Opportunity

Always tailor your resume to each specific job you apply to. Making it easy for the recruiter to connect your skills to what they are looking for can increase your chances of success. The job description is your blueprint and key to doing this. A couple of these exercises could help you identify what you’ll want to highlight.

• Activity 1: Take the job description and go through and underline everything you’ve had some experience in. This might be specific tasks, software/programs/tools, or qualities. Write a quick note in the margin to highlight when you’ve done that. Underline things where you have transferable skills too. For example, if you’ve used a software that is similar to a software they’re looking for, underline it. A recruiter should be able to see on your resume that you used similar skills and would be a quick study.
• Activity 2: If you aren’t sure which skills to emphasize, take the entire job description and pop it into a simple online word cloud generator, like TagCrowd. It automatically shows you the words most used in the description, which are likely of highest importance to the company or role. If you have those skills, make sure you mention them in your descriptions and mirror the language as exactly as possible (our friend the ATS will be looking for precise keywords!).

These activities can help you identify the right action verbs, keywords, and tools—like software—to weave into your descriptions. They can also help you decide what past experiences to include or which of your college courses are relevant to this role and which direct and transferable skills to highlight to make your resume a stronger fit for your target job.

6. Keep a Few Other Tried-and-True Tips in Mind

Here are a few other parting tips to keep in mind as you build your document:

• Avoid writing in first person (“I,” “we,” “our,” and “my” statements).
• Bullet points will make your document more readable—usually two to three per entry works well. But it doesn’t have to be even: Give more description space to the most relevant entries.
• Attention to detail matters. Proofread—not just for typos, but to make sure formatting is consistent (like date dashes). Employers will use your resume to make assumptions about how detail-oriented you are.
• Review any headers you put in all caps. Some spell checkers are programmed to assume that they’re acronyms and skip them.
• Ditch jargon and acronyms wherever possible. Don’t assume the reader always knows what you’re talking about. Sometimes the first person reading your document is a general recruiter and not familiar with the technical side of a role.
• Be aware of tenses. If you’ve completed an experience, those descriptions will be in past tense, and current roles can be described in present tense. (If you’re still actively involved in a role you can list the role through “Present,” and if more than one entry has the same end date, make a strategic decision to put the most relevant experience first.)
• Acceptable margins are usually between one and 0.7 inches.
• Pick a readable font, like Arial, Calibri, or Times New Roman, and try not to go below font size 11.
• As a college student, stick to a one-page resume. However, you should consider keeping a longer version (called a master resume) for your own personal use. That’s where you keep a full record of your experiences to make it easier to pull out the relevant ones each time you tailor your resume for a specific job.

What Does a College Resume Look Like?

A college resume should showcase your education, experiences, and skills (direct and transferable!) in a clear way, while keeping in mind what is most relevant to your target employer. The resume below shows a student highlighting their relevant education and experiences specifically for internship opportunities in government and politics.

https://www.themuse.com/advice/how-to-write-college-resume-example

Looking for a J-Term elective that combines career skills development, career exploration, and academic credit? You are invited to register for LPPS 3440: Introduction to Management Consulting and Strategic Decision Making. This course is a collaborative effort between the Batten School of Leadership and Public Policy and the UVA Career Center. 

Register for LPPS 3440 here. 

Course Dates & Times:

01/03/2022 - 01/14/2022

Mon, Tues., Wed., Thurs., Fri.

10:00am - 3:00pm

Focusing on skills development and career exploration aimed at making you an efficient problem-solver, this class is designed to set you up for success during the recruiting process and throughout your summer internship. The course is well-suited for those interested in the management consulting field and beyond. Students from all disciplines are encouraged to enroll as the skills gained will translate to a wide variety of careers (business, public policy, not-for-profit, law, healthcare, and more).

Course Objectives:

• Introduce students to the field of management consulting.
• Build core skills ranging from case and behavioral interview prep to excel and power point.
• Develop a structured problem-solving toolkit to aid in internship-readiness.
• Provide the unique opportunity to earn academic credit while working on a real-world consulting project for an actual client. (An amazing resume-building opportunity!)
• Offer opportunities for formal networking, coaching, and mentoring from UVA Alumni at major consulting firms.
• Continued case interview preparation support even after the course is over.

Each student team will be assigned an alumni mentor/coach from a major consulting firm. The “capstone” event will be case competition judged by UVA Alumni from notable consulting firms.

A few reflections from students who took the J-term course last year:

I would recommend LPPS 3440 to anyone looking to learn more about and get a jumpstart on management consulting recruiting, but also to those generally interested in learning a new and challenging way of problem-solving. Before taking Introduction to Management Consulting and Strategic Decision Making, I was unsure of what management consultants actually do, let alone if it was a career path for me. Professor Boler and the entire teaching team not only gave me the core practical and people skills to succeed in this field, but also helped me set goals and envision my niche in the consulting world. One of the best aspects of LPPS 3440 is that it offers career development, combined with academic credit. In particular, the instructional opportunities on how to succeed in behavioral and case interviews were key to recruitment for me. The coaching, mentoring, and networking opportunities are unparalleled. Professor Boler continues to offer case interview preparation long after the course, and is really available as a mentor and career coach for the class. This format of extended support keeps your problem-solving toolkit learned in-class honed and ready for interviews and internships. Furthermore, LPPS 3440 is a brilliant resume builder because it gives you an early, real-life consulting experience, but with the support of an academic background. It also provides an easy and exciting talking point for interviews, that shows employers you are ready for the challenges of an internship. Students interested in any field would benefit from.

-Anna Thompson, UVA 23 (Interning at McKinsey & Co this upcoming summer)

I cannot recommend LPPS 3440 enough if you are thinking of recruiting for consulting, business, technology, or any similar roles! More and more employers are requiring cases in their interview process (not just consulting firms) and this class will give you a head start in the case preparation process. Professor Boler will run through the basics of casing in class sessions and even after the course ends, he will continue to reach out for 1-on-1 mock case/behavioral interviews. In addition to case practice, this class will provide you with invaluable teamwork experiences and the opportunity to work on a consulting project for a real client. You will also have the chance to improve your Excel and PowerPoint skills, as well as network with alumni who will mentor you on your project. This class will provide you with a comprehensive introduction into the business world and I highly recommend it for anyone looking to develop their career skills!

-Osama Elsayed-Ali, UVA ’23 (Interning at Capital One this upcoming summer)

LPPS 3440: Introduction to Management Consulting and Strategic Decision Making with Professor Boler was integral to my success with the recruitment process for consulting. I took it during J-Term of my second year which allowed me to develop valuable technical skills, get a leg up with networking, and gain real-world experience ahead of the early internship recruitment cycle. Professor Boler is very engaging and truly dedicated to helping his students succeed throughout this course and beyond. From introducing me to alumni in firms such as Bain and Accenture, to running through mock case interviews, to learning how to effectively talk about my resume, Boler’s course allowed me to familiarize myself with the world of consulting. It was unlike any other course I have taken at UVA and I thoroughly enjoyed it.

-Andrea Madrigal, UVA ‘23 (Interning at McKinsey & Co. this upcoming summer)

Get more information, learn about the teaching team, and read more reflections from former LPPS 3440 students here. 

We hope you will consider this J-Term opportunity to earn academic credit while building your resume, expanding your skills, and creating a network of peers and professionals.

"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. 

Great Advice from Capital One for Virtual Interview Preparation (This advice applies to more than Cap One interviews.)

7 Tips to Nail Your Virtual Interview

You did it. You scoured job boards, got your resume together, successfully applied for a job at Capital One and got the call to do your final round of interviews. Interviews, at the best of times, can be nerve-wracking but on top of those normal butterflies, you’ve now been told that your interview will be virtual instead of in person. While there are some obvious advantages (no travel time and interviewing in a familiar, comfortable space), you may need some reassurance on the virtual interview experience. Never fear! We are here to help make this experience as smooth and as comfortable as we would at our interview suites. Here are our top tips to help you stay calm and land your dream job at Capital One.

1. Read all the emails from your recruiter carefully

Your recruiter knows that a virtual interview might be a brand new thing for you. On top of sending your interview schedule, they’ll be sending instructions on how to sign into your virtual interview. Be sure to review all of the instructions prior to your interview day so you can get your questions answered and make sure you fully understand the process. You’ll also receive instructions on how to use our video meeting platform, Zoom. You’ll definitely want to test it before the start of your first interview! [If your recruiter at other firms does not do this, ask for this information.]

2. Check your computer and internet speeds

As simple as this may seem, make sure your computer and internet are in good working order. Your computer should be running on the most recent updates and you’ll need a reliable internet connection. Consider running a test using a video chat app, like Zoom, on your computer with a friend before your interview day to confirm that everything is working properly. Do this a couple of days in advance so you aren’t struggling the morning of and adding to your stress before the actual interview! Additionally, have your computer plugged in or be sure the battery holds enough charge for the entirety of the interview.

3. Consider your surroundings

Remember when we suggested running a video test with a friend? While doing that, check out what is behind you and how visible you are on the screen. You want the interviewer to concentrate on you, not be distracted by a TV playing in the background, your posters hanging on the wall or the fact that they can't see your face very well. If you'd like, you're welcome to use one of our Zoom backgrounds for your interview. Lighting is a huge factor you might not consider—like all interviews, you want to put your best presentation forward so make sure your face is visible. Try sitting next to a window or close to a bright lamp so your face is illuminated. It's important that the light is coming from an angle that illuminates your face, so don't sit with a window or light behind you either. Also, try putting the dog and cat in another room or consider having a friend watch them for the day if they tend to get noisy.

Basically, don’t let your surroundings detract from the great things you are saying… you want to come across as you are—smart, capable and ready to take on the serious and innovative work we do here at Capital One.

4. Dress like you’re going to an in-person interview

As a general rule, if you wouldn’t wear it to an in-person interview, don’t wear it to your virtual interview. Like all interviews, this is your opportunity to make a great first impression so you should look put together and professional, even from the comfort of your home. And again, like an in-person interview, choose something that you feel confident in. Your confidence will come across the screen much like it would if you were meeting your interviewers in person.

5. Come prepared to answer and ask questions

Would you wing any interview? Probably not! Just because you aren’t coming to the office in person, doesn’t mean you shouldn’t be prepared to answer questions or to ask questions of your own. Do your research and be prepared for each type of interview. And if you’re doing a case, read up on how to ace it! Your recruiter will be sending instructions on how to conduct your case interview over Zoom, so read those carefully so you understand everything. [If your employer does not send these instructions, please ask for them.]

In fact, because you aren’t visiting the office in person, it might be a good idea to ask even more questions, including ones about team dynamics and the workspace. What is the team’s work from home policy? If they routinely work from home, how do they stay connected? You can also explore the resources here on the blog, including checking out our offices in McLean, Richmond, Plano and New York, as well as finding out more about our on-campus food services.

6. Hit a technical snag? Don’t panic!

If, despite all your tests, your call drops or video is buffering, try to stay calm. As frustrating as it might be, sometimes a quick reboot can solve the problem. Try to convey the problem as best you can and what steps you're going to take to try to remedy it. Hopefully, you can get it sorted and continue with the Zoom interview. If it’s not possible to continue the interview in Zoom for whatever reason, try a phone call. That doesn’t work? Make sure to send an email to your interviewer and recruiter so they can help you with next steps.

7. Relax and be yourself

As tough as it may be in any interview, try to relax and let your personality and skills shine. Since you may not be able to convey enthusiasm as much on video as in person, make sure to explain why you think you’re a great fit for the role and why you’re enthusiastic about joining Capital One. Remember—it took a lot to get to this point. You have the skills, now let the interviewers get to know you. You’ve got this.

While you may not be as familiar with virtual interviews as you are with in person interviews, they don’t have to be scary. Following these virtual interview tips can help you relax, be clear about your skills and land your dream job at Capital One. Good luck and happy interviewing!

Copyright ©2022 Capital One. Opinions are those of the individual author. Statements are deemed accurate at the time of posting. Unless otherwise noted, Capital One is not affiliated with, or endorsed by, any company mentioned. All trademarks and intellectual property used or displayed are the property of their respective owners.

https://www.capitalonecareers.com/7-tips-to-nail-your-virtual-interview-...

This message was shared with the ECO from the UVA Career Center for students interested in management consulting careers. This is message 1 of 3. For additional information, see Collab/ECO Resources/Vault Guides/Consulting Careers and the ECO website’s Industry Overviews in the “Management Consulting” section.

Step 1: Define Consulting 

We strongly suggest learning more about the role of a consultant before deciding to pursue internships and full-time positions. Here are a few resources to help get started with learning more: 

• This is What Being a Management Consultant Actually Means 

• Management Consulting: What is it?

In addition to traditional management consulting, there are several areas of specialized consulting that may be of interest depending on your background. Look at the links below to see where your background may be best served or what is of most interest to you to work towards. 

• Research Based Consulting 

• Technical Consulting 

• Federal Consulting

If you are curious to learn more about which firms sit within each practice area, the Career Insider by Vault has a breakdown chart. From the top Data Analytics Consulting practices to Healthcare Consulting, this list serves as a valuable tool.

Last summer, we had the opportunity to hear from alumni from a variety of backgrounds talk about their path in consulting. Hear more about their story and advice in the videos and blog posts listed below:

• Economic Litigation Consulting 

• Human Capital Consulting 

• Federal Consulting 

• Technical Consulting 

• Sustainability Consulting

Making the decision to pursue any career path is a big decision and it is important to make it an informed choice. In addition to the resources above, the Career Center offers an extensive library of resources are major and career exploration. 

• PathwayU is a platform with assessments to help you identify education and career pathways that fit you and make the most sense for your unique interests and values.  

• Candid Career is the premier provider of thousands of informational video interviews featuring industry professionals through an easy to use website. Their site provides the inside scoop on careers as well as advice that will give you an edge in your job search. Here are some links to videos with consultants to learn more about their day to day: 

• Management Consultant, Boston Consulting Group 

• Founder and Consultant, CompArchive LLC  

Step 2: Identify Target Firms 

Once you have decided consulting is an area you would like to explore further; we advise that you identify which firms you want to learn more about. Below are tips for accomplishing this: 

• Regularly check the Events tab on Handshake to identify information sessions, coffee chats and networking events to attend. RSVP and add to your calendar! 

• Visit each firm’s website, LinkedIn page, and social media accounts to learn more. You want to learn as much as you can about, the types of projects the firm typically works on and the overall environment to help assess fit.

For now, ask yourself some of these questions about the firm to assess fit:  

• What does the organizational structure look like? 

• What are the responsibilities of entry level consultants? 

• What is the pattern for growth? Where do people go after their first role within the organization?

As you are identifying your firms to research, some will have specific portions of their websites dedicated to recruiting at UVA, check out these examples below: 

• Bain 

• McKinsey 

• BCG

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.”

I subscribe to The Wall Street Journal. You can read it for free through the UVA library. Here's a recent piece I thought our students would enjoy this week. The link to the full article is at the bottom of the page.
-Jen Jones

Editor’s note: This Future View discusses whether the absence of an option to work remotely would be a deal breaker for potential employees. Students should click here to submit opinions of fewer than 250 words before Sept. 7. The best responses will be published that night.

Don’t Go Fully Remote

I enjoy the flexibility and convenience of working remotely as much as the next guy, but I don’t believe it can fully replace in-person work. I see the option to work remotely a day or two a week as a plus, but its absence wouldn’t be a deal breaker.

Face-to-face interaction is important for building employee morale and work culture. When I entered the workforce four years ago, being surrounded by my peers in an office energized me and built a sense of solidarity as we worked together. The opportunity to bump into colleagues from other teams or grab coffee with senior management added variety to the day. I think these encounters are especially important for teaching fresh graduates how to behave in a professional environment and stimulating their ambitions.

Working in Shanghai last year, when the city recovered from the pandemic around April, I saw that Chinese companies didn’t give employees any illusions that they would work from home forever. Workplaces shifted very quickly from split-shifts to back-to-office in the span of a few weeks. My co-workers’ initial reluctance quickly dissipated and everyone got back into the groove very quickly. They became thankful for more-productive face-to-face meetings and a dedicated space to work without distractions.

—Celeste Chia, Harvard University, M.B.A.

New Opportunities

Five days a week in an office is a thing of the past. Remote work, in some capacity, is bound to become the norm. It’s unlikely anyone will want to give up the flexibility. For many parents, work-life balance has become just that—more balanced. For me and other members of Gen Z, access to remote work means career opportunities aren’t constrained by geographical proximity. A whole generation of rising professionals can begin to establish careers without having to live in unaffordable cities.

—Melina Khan, Quinnipiac University, journalism

The Young and the Restless Need the Office

Remote work is ideal for parents, and it adds flexibility to the workweek that many adults appreciate. But it shouldn’t be a requirement for young people. Working remotely is less intense—which is great if you have a family or other competing responsibilities. But for workers around my age, it offers less opportunity to showcase work ethic and capabilities. I want to work my way up, and that will be harder without face-to-face interaction with superiors. I love the flexibility of a hybrid model, because it makes my workweek easier and I have more time for friends, family and hobbies. But lack of remote work shouldn’t be a deal breaker. If you’re young and looking to grow professionally, put in the time now and reap the reward of flexibility later.

—Joseph Penhallow, University of Rhode Island, economics and business administration

No Flexibility

The goal is to get the work done. How that happens shouldn’t matter as long as it is finished in a timely and professional manner. Some people work better remotely, some in-person and some hybrid. I wouldn’t take a job that doesn’t offer flexibility in work arrangement.

Not allowing for any remote work speaks volumes about the values of a company. It tells me that the company isn’t keeping up with the changing technology. Remote work is the new normal, just as keyboards are the new typewriters and smartphones are the new pagers. We embrace these new innovations because they are more efficient.

Forbidding remote work also tells me that the company cares little about the well-being of its employees—that it gives priority to profit over people, which is counterproductive anyway. Working from home saves time and expense on commuting, traveling and the rest, giving employees more time to work on their assignments. It also expands the talent pool as prospective employees are no longer limited by location. A competent company would give workers the option.

—Shawn Tran, University of California, Berkeley, public health

Firsthand Experience

Job opportunities lacking the option to work remotely seem few and far between nowadays. But in pursuing a career in civil engineering, I think the value of collaboration and site work trumps the desire to stay home. In an engineering field, one of the most important aspects of growth is firsthand experience of the real-world problems you encounter, not a PowerPoint presentation of the issue from the comfort of your own home.

—Christopher Flannery, Quinnipiac University, civil engineering

Teams Are Formed in Person

As a senior deep in the job search, I consistently see postings advertising “remote work available,” “telework options” and “hybrid working schedule.” In recent interviews these options have been floated as enticements. The problem is that I don’t want to work remotely.

I would rather take a job that requires office work without exception. The convenience of remote work, with the ability to set your own schedule, live elsewhere or travel while working, is all great. But what about the lack of office camaraderie, communication and learning? While interning remotely, I found that I never truly connected to teammates, understood office dynamics or learned where to take questions and problems when they arose. Compared with my internship this past summer, which was all in-office, the difference was night and day. I felt a part of a team, understood the office dynamics, and had a truly positive working experience.

—Benjamin Harris, Auburn University, finance

Click here to submit a response to the next Future View.

https://www.wsj.com/articles/gen-z-remote-work-hybrid-in-person-office-z...

Fifth-year student Jiafeng Wu presented his paper, "Price and Efficiency in a Market for Generic Drugs in China," at the Models of Modern Markets session of the 91st SEA Annual Meeting. 

Scroll to the bottom for alumni LinkedIn profile links and complete biographies.

The University of Virginia Department of Economics

Presents

The 2023 Economics Undergraduate Career Forum
Economics at Work

March 30-31, 2023

Charlottesville, Virginia

Program Description and Format:

The Economics Undergraduate Career Forum brings together professionals who hold undergraduate economics degrees with current students and faculty through networking events and educational programming to expose majors and prospective majors to potential professional experiences. The program combines informal networking opportunities with more structured career panels, talks, and office hours. Our hope is that these programs will provide valuable career-related information for students while facilitating and strengthening relationships between all participants.

By the end of the program, we hope that students will have an understanding of the industries, workplaces, and job functions of the panelists and some familiarity with internships, entry-level jobs and career paths. Students will learn how to prepare to be strong intern/entry-level candidates in the participants’ fields, which may include guidance about classes and extracurriculars, building industry-focused professional materials, upskilling resources, and relevant networking and interviewing. We hope that students and alumni will have fun and will emerge with new connections and ideas for next steps.

PROGRAM SCHEDULE

March 30       

• 5:00-6:00 pm Industry Talk: Newcomb Hall Ballroom (Open to Students, Faculty, Guests)
• 6:30-8:00 pm Dinner (Guests, Invited Faculty, Selected Students) The Ridley, West Main Street, Charlottesville  (applications for students will be available March 1)

March 31       

• 8:30-9:15 am Breakfast, Monroe 120 (Faculty and Alumni Guests)
• 9:30-10:45 am Panel 1, Newcomb Hall, Commonwealth Room; Office Hours/Coffee Chats, Monroe 113, 235, and 236
• 11:00-12:00 pm Panel 2, Newcomb Hall, Commonwealth Room; Office Hours/Coffee Chats, Monroe 113, 235, and 236
• 12:30-1:45 pm Networking Lunch, Newcomb Hall South Meeting Room (Guests and Students)
• 2:00-2:30 pm Gift Ceremony before Departure, Newcomb Hall South Meeting Room (Guests, Steering Committee)

Program Descriptions Follow in Order. Please use the Event Schedule you will receive on 3/20/22 for Your Assignments:

Industry Talk:  
Forging Horcruxes in the Rotunda: Using the Power of Economic Analysis at Work
Register here: https://app.joinhandshake.com/edu/events/1205068
Before the dinner at The Ridley, there will be an industry talk given on Grounds. Students, faculty, and alumni are invited to attend.
Speaker: Dr. Gian Domenico Sarolli, Senior Economist, Bank of America

Networking Dinner with Faculty, Alumni, and Students (By Application Only) 
Apply here: https://virginia.az1.qualtrics.com/jfe/form/SV_0IE1QynIZkO6CRo

Career Panel 1
Register here: https://app.joinhandshake.com/edu/events/1205072
Jennifer Floyd, Harris Williams
Gian Domenic Sorolli, Bank of America
Stella Yang, Echo Street Capital
Lindsey Walsh, Save 1 Challenge (formerly Gartner)

Career Panel 2
Register here: https://app.joinhandshake.com/edu/events/1205073
Sarah Bufano, Guidehouse
Jenny Rae Le Roux, Management Consulted
Suhail Thahir, FTI Consulting
Amir Rasool, Hanover Research
Meagan Walters, Centers for Disease Control

Office Hours/Coffee Chats
Register here: https://docs.google.com/spreadsheets/d/16ObhgDqEV6bC4mJXsCs1PT5mKA148pjU...
Office hours provide an opportunity for students to seek feedback about their career plans or contemplations and to ask questions about a guest’s background one-on-one. 
A virtual or in-person prep session may be required for office hours.

Office Hours/Coffee Chats Session 1
Register here: https://app.joinhandshake.com/edu/events/1205070
Sarah Bufano, Guidehouse
Jenny Rae Le Roux, Management Consulted
Suhail Thahir, FTI Consulting
Amir Rasool, Hanover Research
Meagan Walters, Centers for Disease Control

Office Hours/Coffee Chats Session 2
Register here: https://app.joinhandshake.com/edu/events/1205071
Jennifer Floyd, Harris Williams
Gian Domenic Sorolli, Bank of America
Stella Yang, Echo Street Capital
Lindsey Walsh, Save 1 Challenge (formerly Gartner)

Networking Lunch - All Alumni Guests
Industries Represented: Management Consulting, Economic Consulting, Investment Banking, PE, Health Economics, Government and Policy, AI, Non-profit, Entrepreneurship
Register here: https://app.joinhandshake.com/edu/events/1259898

Lunch provided by Take It Away
Tables will be arranged around the room and each alum will be stationed at a table as a “host.” Students will grab lunch and find their way to a table for the first 5 minutes.  Each alumnus will have 1-2 minutes to introduce him or herself to the room. Students will be provided with tips sheets to prepare for networking.

Part 2: Organized Rotations (2 at 10 minutes each for 20 minutes total)

Students will rotate between two different alumni tables. They should introduce themselves with their names, major, year, and a fun fact.

Part 3: Informal Networking (20 minutes)

Students will move about the room and visit alumni tables.

Alumni will share any information they have about internship and entry-level recruiting for students with their organization/relevant past organizations. This may include information about diversity/affinity group hiring.   

Alumni and Guests' LInkedIn Profiles: 

Sarah Bufano- Sr. National Security Consultant at Guidehouse 

Jennifer Floyd- Analyst at Harris Williams 

Jenny Rae Le Roux- CEO at Management Consulted 

Amir Rasool- Managing Director at Hanover Research  

Gian Domenico Sarolli- Senior Economist at Bank of America 

Troy Sweeney- Associate at NetCapital  (canceled as of 3/26)

Suhail Thahir- Consultant at FTI Consulting 

Lindsey Walsh- Business Co-Owner & Save 1 Challenge Founder, formerly Managing VP at Gartner 

Meagan Walters- Health Policy Analyst at the CDC 

Stella Yang- Senior Quantitative Analyst, Echo Street Capital

Alumni and Guests' Biographies

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). 

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

"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

If you're planning to interview with one of the Big 4 professional firms—Deloitte, EY, KPMG, PwC—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

Hello Majors!

Networking, building relationships! This blog is about this daunting, exciting, intimidating, and rewarding process of building connections.

I recently connected with 1990 econ alum Brian Ramsay, President of private equity firm, Littlejohn & Co. I met Brian through Professor Elzinga. Brian had written to Professor Elzinga because he had been interviewed on a podcast (link below) where he discussed the power of weak ties, something those of you who took Econ 2010 with Professor Elzinga may remember from lectures. Through this email, Professor Elzinga connected Brian and me at the ECO and now I'm sharing Brian's remarks about networking with you. And, it is my hope that in the coming year, Brian will spend time with our majors in the department in-person or virtually. This story demonstrates perfectly the power of networking and building relationships. (During the podcast, you'll also learn about private equity from Brian and the importance of financial analysis skills and . To reach Brian's networking remarks, skip to the 10:00 minute mark.) So much of the work that the ECO undertakes is to set the table for you to join the conversation with our economics alumni and employers.  And while we all have independent networks, which are forged from the building blocks of our own families, friends, and experiences outside of UVA, our goal in the ECO is to share the cultural wealth of our UVA community. We will talk much more about this together in ECO programs and individual advising, but for now, take a listen to Brian Ramsay's interview with "Top of the Pile."

https://www.listennotes.com/podcasts/top-of-the-pile/career-path-private...

Then, take action and reach out to one professional to practice your informational interviewing. This could be a relative, family friend, friend's family member, your family physician...you get the picture. Use these links to draft your email/phone call script to secure the meeting and then this link to prepare for the call. Send me a message to let me know how it goes!  We will include your comments in an upcoming newsletter.

And, please believe me that asking for help now from alumni and other professionals is completely appropriate and expected. The day will come when you will pay it forward by helping upcoming majors who will be in the shoes you once filled.

Link to How to Write a Networking Email That Gets Results

Joaquin Saldain, a sixth-year student, presented his paper, "A Quantitative Model of High-Cost Consumer Credit," at the 2021 Annual SEA, LACEA LAMES and NTA Meetings. Joaquin provided the following summary of his work: "I study the welfare consequences of regulations on high-cost consumer credit in the US, such as borrowing limits and interest rate caps. I estimate a heterogeneous-agents model with risk-based pricing of loans that features standard exponential discounters and households with self-control and temptation. I use transaction-level payday lending data and the literature's valuations of a no-borrowing incentive to identify different household types. I find that one-third of high-cost borrowers suffer from temptation. Although individually targeted regulation could improve the welfare of these households, I find that noncontingent regulatory borrowing limits and interest-rate caps—like those contained in typical regulations of payday loans—reduce the welfare of all types of households. The reason is that lenders offer borrowers tight individually-targeted loan price schedules that limit households' borrowing capacity so that noncontingent regulatory limits cannot improve welfare over them. "

"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.

Haruka Takayama presented her  job market paper, "Greenfield or Brownfield? Firm FDI Choice and Intangible Capital," in the "Understanding Foreign Investment" session.  Melissa Spencer presented two papers. The first paper, "Safer Sex? The Effect of AIDS Risk on Birth Rates," was selected by UVA to represent the department in the meeting's graduate student sessions. The second paper, "The Effect of Tasers on Fatal Police Encounters," was selected for a session on policing sponsored by the Committee for the Status of Women in the Economics Profession. 

UVA Professor Federico Ciliberto, UVA PhD Candidate Emily E. Cook, and UVA alumnus and current UNC Professor Jonathan W. Williams recently published “Network Structure and Consolidation in the U.S. Airline Industry, 1990-2015” in the Review of Industrial Organization. The authors study the effect of consolidation on airline network connectivity using three measures of centrality from graph theory: Degree; Closeness; and Betweenness. Degree is the fraction of all possible links that are actually served by at least one airline out of an airport; Closeness is the inverse of the average distance (i.e., number of links) from an airport to every other airport; and Betweenness is the frequency with which an airport is found to be on the shortest path between two other airports.

Changes in these measures from 1990 to 2015 imply: i) the average airport services a greater proportion of possible routes; ii) the average origin airport is fewer stops away from any given destination; and iii) the average hub is less often along the shortest route between two other airports. Yet, the authors find the trend toward greater connectivity in the national network structure is largely unaffected by consolidation—in the form of mergers and codeshare agreements—during this period. Forty years after its deregulation, the airline industry continues to be the focus of research, antitrust cases, and public policy debates. In this paper the authors contribute to the evolving debate by examining how mergers and alliances have shaped the entire industry’s U.S. network.  
The figure above, which captures trends in the network measures from 1990 to 2015, shows the year fixed effects and associated confidence intervals from separate OLS regressions of standardized Degree, Closeness, and Betweenness on a constant along with year, month, and airport fixed effects.

From the National Association of Colleges and Employers, NACE Job Outlook 2022

ABOUT THE SURVEY The Job Outlook survey is a forecast of hiring intentions of employers as they relate to new college graduates. Each year, the National Association of Colleges and Employers (NACE) surveys its employer members about their hiring plans and other employment-related issues to project the market for new college graduates for the current class and to assess a variety of conditions that may influence that market. Data for the Job Outlook 2022 survey were collected from August 18, 2021, through October 1, 2021. Of the 157 total respondents, 116 were NACE employer members, representing 15.7% of eligible member respondents. The Job Outlook 2022 survey was also distributed to nonmember companies from which an additional 41 responses were received. Of the total that responded, 5.7% are from New England, 9.6% are from the Southwest, 16.6% are from the Southeast, 15.9% are from the Rocky Mountain/Far West, 8.3% are from the Plains, 14% are from the Mideast, and 29.9% are from the Great Lakes. For additional information about the respondents, see the Appendix. Data are calculated based on the number of respondents to each specific question. Totals may not equal 100% due to rounding.  Be sure to check out the last few bullets regarding internships!

KEY INSIGHTS

• Employers plan to hire 26.6% more new graduates from the Class of 2022 than they did from the Class of 2021. The data NACE collected in its Job Outlook 2022 survey appear to be in line with job opening trends in general. The Job Openings and Labor Turnover Survey (JOLTS) report identifies more than 10 million job openings in the United States for August 2021. This is a 62% increase over the numbers for August 2020 (6.5 million) and a 42% increase over August 2019 (7.3 million), the last prepandemic year

• Almost 60% of respondents have plans to increase hires this year and approximately 37% expect to maintain their number of new college graduate hires. Only the remaining 3.5% of respondents plan to decrease their number of college hires. In last year’s Job Outlook 2021 survey, only 16.5% of respondents planned to increase hires, 52.5% planned to maintain hiring numbers, and 31% had plans to decrease their number of hires.
• There has been a shift in how employers rate the overall job market. The largest group of respondents (48.6%) rate the overall job market for 2021-22 graduates as “very good.” Last year, the largest group (51.7%) rated the overall job market for 2020-21 graduates as “fair.” In addition, 14.1% of respondents rate the overall job market for 2021-22 graduates as “excellent,” which is up from just 0.5% that gave the same rating to last year’s job market.
• Employers continue to conduct most of their college recruiting in the fall for both full-time and intern hires. They report conducting their recruiting at a 66% fall/34% spring split for full-time hires and a 67% fall/33% spring split for intern hires.
• Hiring by industry shows increases across the board. Of the industries with at least five respondents, the information sector is reporting the largest increase of 83%. All other sectors report fairly large double-digit increases, with construction employers reporting the smallest increase in hiring (6.8%).
• In terms of individual respondents, 76.9% of employers from the information sector will increase hires and the remaining 23.1% will maintain hires. No respondents from this sector will decrease hires.
• The only three industries with respondents reporting plans to decrease hires are utilities (16.7%), construction (12.5%), and miscellaneous professional services (11.1%).
• Job market ratings by industry are all “good” or better. On a five-point scale ranging from “poor” to ”excellent,” the lowest rating comes from utilities, but falls between “good” and “very good.” The highest rating comes from the finance, insurance, and real estate industry.
• Employers located in the Southwest region are more than doubling their new graduate hires, reporting an overall increase of 111.5%. The smallest increase in college graduate hiring is in the Plains region, where respondents are only hiring 3.5% more new graduates in 2021-22 than they did in 2020-21.
• The Plains region also has the biggest group of respondents (8.3%) that will decrease hires for the 2021-22 academic year.
• Almost 41% of respondents have plans to hire two-year, associate degree graduates. This is the highest percentage in terms of respondents hiring these graduates over the past seven years. The lowest level was reported for the Class of 2017, when just 12.3% of respondents planned to hire two-year, associate degree graduates.
• Almost three-quarters of responding employers have plans to increase starting salaries for bachelor’s degree graduates. This percentage represents the highest level across the past eight years. The lowest level was last year, when just 42.3% of respondents reported that they would increase starting salaries for Class of 2021 graduates who earned bachelor’s degrees.
• Slightly more than half of respondents will offer signing bonuses to Class of 2022 graduates. In addition, just half of these same respondents actually offered signing bonuses to Class of 2021 graduates. 
• The overall average signing bonus for bachelor’s degree graduates is $5,881. By major, computer engineering graduates will be offered the largest signing bonuses at an average of $7,800.
• Just 46.3% of respondents indicate they will screen candidates from the Class of 2022 by GPA. This continues a downward trend for the practice and represents the lowest percentage of use by employers yet.
• Employers in the utilities industry (100%), Southwest region (64.3%), and size category of 10,001 to 20,000 employees (68.2%) will be the most likely to screen candidates by GPA. All three of these groups will use a median GPA cutoff of 3.0.
• Responding employers indicate that critical thinking and communication are the most important career readiness competencies.
• In terms of proficiency in the career readiness competencies, employers rate recent graduates as “very proficient” in only one area: technology.
• When comparing employer importance ratings to their proficiency ratings of recent college graduates, the largest gaps are seen in the two competencies that employers deem most important: critical thinking and communication.
• The top attributes that employers are seeking on candidate resumes are problem-solving skills (85.5% of respondents), analytical/quantitative skills (78.6%), and the ability to work in a team (76.3 %).
• When choosing between two otherwise equally qualified candidates, having an internship with the particular employer’s organization or internship experience in the same industry are the most influential factors for employers. 

In-demand college students seeking summer internships are reneging on offers as companies swoop in to offer better deals. Host J.R. Whalen is joined by Georgia Tech senior Najaah Chambliss, who walked away from an internship, and WSJ reporter Lindsay Ellis, who discusses the trend and how companies are responding.

If you are considering reneging on an internship or job offer, please connect with Jen Jones at jlh7b@virginia.edu.

Listen to the recording here with a WSJ subscription.

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated.

J.R. Whalen: Here's Your Money Briefing for Friday, March 4th. I'm J.R. Whalen for The Wall Street Journal. We've told you how the pandemic helped create a job seekers market with millions of workers leaving their jobs for better pay and companies struggling to fill open slots. But that's also happening among students who are trying to land summer internships. Competition for interns has gotten so fierce that some who've gotten and accepted offers are reneging on them to take a better deal elsewhere.

Lindsay Ellis: Just like a lot of job seekers, there is demand for people to come in the door. Companies look at their summer internship programs and they're not just thinking about that summer. They're thinking, "Who can we identify among this cohort of interns that a year from now we're going to want to bring back or we want to hire full-time after the program."

J.R. Whalen: On today's show, we'll discuss the growing leverage students have in the competitive world of summer internships with our reporter, Lindsay Ellis. Plus we'll hear from one student who reneged at an intern ship offer and see how it turned out. That's after the break. For college students, an offer for a summer internship can mean getting their foot in the door and launching a career track. But amid the tight labor market, more students are walking away from offers they've already accepted to take an even better one. In a moment, we'll hear from WSJ reporter Lindsay Ellis about this growing trend and the competition for entry level talent. But first let's bring in one of those in-demand interns for a firsthand account. I'm joined now by (Naja Shambliss). She's 21 and a senior at Georgia Tech University majoring in computer science. Last fall, she began applying for internships for this coming summer. Hey Naja, thanks for being here.

Naja Shambliss: I'm glad to be here.

J.R. Whalen: So Naja, back in October you landed a summer internship. Tell us about how that went.

Naja Shambliss: Yeah, so I was applying for internships and I had found this opportunity on, I believe LinkedIn. It was either LinkedIn or Handshake I believe. And so, yeah, I went ahead and applied and I figured I had a pretty good chance of getting this internship because I had previously interned with a defense company and so I thought getting this internship from this other defense company would be not too bad. And I also wanted to intern somewhere else other than this previous company, which is why I was applying for other companies. And so, yeah, I applied and it took a little while to get back to me, but I ended up interviewing with them once and then I heard back from them about a month later, I believe, saying that I received an offer.

J.R. Whalen: All right. But then earlier of this year, your plans changed. What happened there?

Naja Shambliss: Yeah. So at the end of November, my recruiter reached out to me on LinkedIn also asking me to apply for a Microsoft internship and I had already accepted the defense internship, but I was like, it's Microsoft, I've applied for them before. I haven't been accepted previously, so this would just be an extra step for practice for when I apply again for the next recruiting season. So I filled out the application she sent me and then I went through the first round of interviews, which wasn't too bad, thank God. And then I got pushed to the final round and I received an offer after that.

J.R. Whalen: Oh, so what did Microsoft offer you?

Naja Shambliss: I'm not able to disclose the numbers, but let's say it was definitely double what the defense industry was offering me. And then they were also giving me a relocation, stipend and a stipend to help with my moving expenses and stuff like that. So it was a pretty great deal.

J.R. Whalen: So you eventually had to go tell the defense company that you had accepted a new opportunity. How'd that conversation go?

Naja Shambliss: So it's actually pretty funny. I sent out an email to, I believe she was my onboarding HR person and stating that I do apologize for having to do this to you guys so late in the game, but unfortunately I have to renege my offer, and I actually did not get a response for them. I had sent them an email and I never received an email back, but I did look at my portal and it had said that I was no longer being considered for the position. So I don't think they received that information in the best way, but yes, that's what happened.

J.R. Whalen: So when you first got the word from the recruiter that there was a Microsoft internship out there to try to go after, how did you feel about that process at that stage? I imagine you had firmed up the defense company internship and had signed some papers, right?

Naja Shambliss: Yeah. I thought this opportunity was different maybe because I had never had a recruiter directly from a company DM me, or specifically for Microsoft, I have never had a Microsoft recruiter DM me on LinkedIn asking me to apply for position. So I kind of had a good feeling about this process and that's kind of what made me be like, "Okay, even though I've already accepted this offer, this might turn out differently, so let's try it."

J.R. Whalen: All right. That's Naja Shambliss, a senior at Georgia Tech University with us. Naja, thank you so much for taking the time to chat.

Naja Shambliss: Thank you for having me. This is my first podcast experience, so I'm very grateful. Thank you so much for this opportunity.

J.R. Whalen: Oh, we really appreciate it. Thanks a lot.

Naja Shambliss: No problem.

J.R. Whalen: So what's driving this cutthroat competition for interns and what are companies doing to keep potential interns interested? For more on that, I'm joined by WSJ reporter, Lindsay Ellis. She's been looking into it. Lindsay, thanks so much for being here.

Lindsay Ellis: Thank you so much for having me.

J.R. Whalen: So Lindsay, these bidding wars for interns like we just heard with Naja, is that something new?

Lindsay Ellis: So interns, especially in demand fields like computer science, engineering and the like, they've always had some competitive offers, but the level of competition that I heard from interns seemed just really striking. Campuses and companies are saying that they're seeing competition over interns in a way that feels different than prior years, especially the last two years, the first with the pandemic really sinking in and last year with everything in a much different hiring market than we are right now.

J.R. Whalen: So why do interns suddenly have this kind of leverage in the job market?

Lindsay Ellis: Just like a lot of job seekers, there is demand for people to come in the door. And I think that for interns emerges in a couple of ways, the first is, companies really want applicants and they want qualified applicants. And that inherently gives the people who are applying, who have strong resumes, who have the skills that they're looking for an edge. I think the other reason is companies look at their summer internship programs and they're not just thinking about that summer. They're thinking, "Who can we identify among this cohort of interns that a year from now we're going to want to bring back or we want to hire full time after the program." And so this is sort of a key pool for companies to look at their entry level workforce. And so there is more demand in hiring the right people when this could be my pipeline six months from now, a year from now.

J.R. Whalen: Is there ever any kind of a penalty if a student backs out of an internship that they've already accepted?

Lindsay Ellis: It can vary from campus to campus, but yes. Cornell's business school, if you're an MBA student and you accept an offer for the summer and then you go out and interview and accept a different one and back out of that first one, they say that they reserve the right to fine you up to $2,500.

J.R. Whalen: Wow. I mean, for a college student, that's a lot of money.

Lindsay Ellis: It is, yes. And for those two, those were specifically for business school students, so perhaps a little later in their career. But these are people that don't necessarily have income coming in every month and yet still might be on the hook. There are other penalties that are also significant. At the University of California Berkeley's business school, one of the possible sanctions is a 16 hour service project. So that can be a significant amount of money certainly and time if you're caught backing out from this.

J.R. Whalen: But a student might consider switching to a different internship that could better jumpstart their career, right? But is there a danger of them burning their bridges behind them?

Lindsay Ellis: Colleges say that there is. I mean, they are quick to remind students that it's a small world and a small job market in a lot of ways. Recruiters move from company to company. Someone who you interact with when you're 22, you might encounter in a totally different field a few years down the line. They also sort of put in place their own regulations that could hamper a student's trajectory as they continue through their education. Some schools at the undergraduate level will restrict the use of a platform called Handshake where a lot of jobs are listed for students who are caught backing out. I think students who I talked to who have considered this or who have done this look at the name on the resume, they look at the salary that they could be bringing in and importantly, they look at the experience that they think that they're going to get at these preferred internship programs. And in a lot of cases, that's a very strong counterweight to a more nebulous idea of possible ramifications. There's another side to that coin as well, which is the relationship between the college and the company, and many campus career offices are really cognizant of that relationship and don't want to do anything to stress it or damage it. Their fear is that if a number of students back out from opportunities that they've already accepted, might that influence whether a company wants to come back next semester or next year and knock on their door and recruit future classes. And so one aspect of could this be hurtful, is thinking about what is the next student who comes around, what's going to be their experience, and colleges really have that front of mind.

J.R. Whalen: Now, there's usually several months between the time somebody lands an internship and when they actually start. So what are companies doing to prevent people from backing out?

Lindsay Ellis: There usually are several months between these dates and one thing that really surprised me in reporting this is that in some cases there are many more months than I had anticipated. People were telling me that they were interviewing for these summer internships while they were doing a different summer internship. So companies need to keep students warm is what they say, make sure that they're front of mind for these candidates that they've worked hard to recruit. Liberty Mutual told me about their keep in touch campaign, including interns in get togethers that are held virtually, some coffee chats and the like to keep them engaged with what's going on. One logistics company that I talked to mentioned sending holiday e-cards to the students who had accepted. So there are different tactics, some with video engagement and when possible in-person engagement, but others just really leaning into the messaging.

J.R. Whalen: And so how are the companies responding to this trend of interns backing out of offers and how are they thinking about their internship programs more broadly to keep people interested?

Lindsay Ellis: So some of them are looking at pay benchmarks and making sure that this very basic aspect of it, this critical aspect of it is competitive of with other organizations and external benchmarks. Some of them begrudge the trend and you kind of throw your hands up in the air and it's a little bit of a "kids these days" reaction. But the thing that I think most stood out to me on this was a real focus on what can we do as an organization to prepare for the summer, just kind of accepting that this might take place. So a few companies, including General Mills told me and have mentioned that they plan to overhire, basically extending a few more offers than they typical would and hoping that a few more candidates than they want to accept accept, expecting that a few of them are maybe going to back out between now and the summer. And I think they're also thinking about how they recruit and how they build relationships with students. One common refrain I heard from recruiters was, "In this virtual environment maybe students feel less of a strong connection with us as a company and with the recruiters and the team overall. How can we build that up and keep them feeling close?" And so that sort of speaks to some of the strategies, the keeping in touch efforts and the like.

J.R. Whalen: All right. That's Wall Street Journal reporter, Lindsay Ellis with us. Lindsay, thanks so much for being with us.

Lindsay Ellis: Thank you for having me.

J.R. Whalen: And that's Your Money Briefing. I'm J.R. Whalen for The Wall Street Journal.

Greetings Majors!

There are two virtual job fairs this week, which I recommend for our majors:

Marketing, Advertising, and PR Job Fair, Tuesday, 10/26
Fall Job and Internship Fair, Thursday, 10/28

Employers will hold info sessions with groups, and 1:1 meetings with individual students. Schedule at least an hour in your day to attend if you are internship or job-seeking. And if you're curious, but not ready to job search, the info sessions provide a great opportunity to hang back and listen. Please check out the links below about approaching the fair. If you are in a full-on job search, I recommend choosing 3-5 employers that are your "must-sees" and schedule around those sessions. 

• Make sure your lighting is good and your mic works in case you choose to speak.
• If possible, appear in a neat room, or use a virtual background.
• Dress neatly. This does not mean you need to be in professional business attire or even business casual. Neat and tidy are important.
• Prepare your pitch using VMOCK (AI platform that records your pitch and scores you) and/or this ECO template and these tips.
• Have your resume handy to borrow talking points and possibly share with employers.
• Research the employers that are the most interesting to you and come with questions. You'll find some at the links belowl You may always ask about next steps if you're interested in applying for opportunities.
• Be yourself (really!).
• Send a thank you after the info session or 1:1 session.

Vault's Recommendations for Attending a Virtual Career Fair

Participating in a Virtual Fair - from Handshake 

Handshake's Guide to Virtual Fair Attendance

Good Questions to Ask Employers

Better Questions to Ask Employers

In April 2022, fifth-year student Yooseon Hwang presented her paper,"The Welfare Effects of Congestion Pricing," at the European Urban Economics Association Conference in London. The paper estimates the effects of congestion pricing on welfare by developing a quantitative spatial model with endogenous commuting costs.

"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.

This message was shared by the UVA Career Center for those students interested in management consulting. This is message #3 of 3. For additional information, see Collab/ECO Resources/Vault Guides/Consulting Careers and the ECO website’s Industry Overviews in the “Management Consulting” section.

This email focuses on interview preparation and strategy. You will likely experience both a behavioral and case interview during your recruitment process at most firms. It is critical that you practice both of these in advance, so you present the best version of yourself in interviews.

The Career Center offers many options for support with both, if at any time you have questions on how to practice, come and see a career counselor by visiting Handshake. Mark your calendars for the events highlighted below to get practice directly from employers on both behavioral and case interviews!

If you are concerned about virtual interviews, this blog post provides advice on how to make a good impression in a virtual space.

Behavioral Interviewing: 

Your interviewer is using this as an opportunity to assess your fit within their firm. They want to see if they could spend hours working with you at a client site or traveling with you week to week, and if they'd be comfortable putting you in front of a client. 

• Practice telling your story but using the VMock Elevator Pitch tool. For more information on this resource, check out the resources page on the Career Center website. 

• When responding to questions, be articulate and concise -- Use the STAR method to structure your answers. This stands for Situation, Task, Action and Result and provides a framework for answering behavioral interview questions. [The ECO adds an extra “R” for Reflection. This final piece, allows candidates to discuss what they’ve learned/what they may do differently now. 

• To help prepare, practice answering questions aloud -- check out page 64 of the HoosGuide for a list of sample behavioral interview questions. 

• Street of Walls also provides a comprehensive guide on consulting interview questions and answers that will give you a better idea of what to expect. 

• Lastly, the Career Center offers Mock Interviews as appointment types so you can practice with a counselor. Schedule an appointment today to get practicing. 

Case Interviewing: 

This is a way for the employer to assess your thinking and analytical skills in a real-time environment. The focus does not need to be on answering the problem correctly but more on how you think and structure the response. For more information on case interviews click here.  

Learning the Case: 

• Learn about the different types of case interviews. 

• Familiarize yourself with case interview frameworks. 

• Many firms provide suggestions for how to approach the case; check their websites for more information prior to the case interview. (For example: Accenture, Bain, Deloitte) 

• If the case interview is new to you, watch an example case interview from Bain. 

• Utilize case guides found on Handshake (Handshake > Career Center > Resources > Business Community). 

• Review Darden Look Over Our Shoulder Case Interview Videos: Christie's Bakery, National Car Services, Parking Lot, Plastic Pellets. 

Running the Case: 

• Throughout the case interview, do not be afraid to ask questions if you need clarification. 

• Take thorough notes; be sure to compose your thoughts before moving forward. 

• Be confident in your analysis but pay close attention to how the interviewer is guiding you and change direction if you need to. 

Practice Makes Perfect: 

It takes time to feel comfortable with both the behavioral and the case portions of the interview. To perform well on case interviews, it is crucial that you understand how to approach them, and practice is key to that success. 

• Create a Case Interview Preparation Plan 

• Utilize case guides found on Handshake. (Handshake > Career Center > Resources > Business Community) 

• Check out the "Help Topics" in Virginia Alumni Mentoring, one of those areas are Mock Case Interviews for practice with alumni 

• Our Career Peer Educators created this helpful session on case interviews that is a fantastic resource 

• Practice, practice, practice! Find classmates who are also pursuing consulting and set up a time to practice case interviewing together.

Mental Math Tips: 

Sometimes cases are more quantitative than qualitative. This likely will depend on the organization you are interviewing with and the type of role you are interviewing for. Try to gain as much insight as possible before, so you know more of what to expect. If it is math heavy, here are some tips: 

• Use round numbers where you can. 

• Do “ballpark” calculations – there is some margin of error allowed. 

• Memorize key numbers: World Population (7b), US Population (320m), Life expectancy (US: 80y, World: 70y). Check out these key statistics to know. 

• Practice mental math; download this app to fine tune this important skill. 

• If you are looking for even more practice, RocketBlocks provides comprehensive drills to help with the entire case framework. [The Department of Economics subscribes to RocketBlocks for our majors. You may claim your account by logging in with your UVA email (example jlh7b@virginia.edu) and using the password “monroe.”

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

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

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.

article written Jason Shen from The Muse 

Modern workplaces can be an endless cycle of frantic stress, impending deadlines, and existential dread. Especially now, given the rise in headline-making layoffs at major companies like Twitter, Meta, and Amazon.

But it doesn’t have to be this way. As a resilience coach, I help my clients weather life’s challenges and find greater fulfillment and—dare I say it—happiness at work. My recommendations are grounded in the idea that resilience is not a fixed trait or a limited resource—it’s a set of skills we can all develop to improve how we respond, restore, rebuild, and reflect in the face of change.

Here are five strategies for cultivating resilience that can make us happier at work.

1. Embrace the messiness of work.

First, it’s important to accept that work is often messy and chaotic. This is not a bug—it’s a feature. The most important problems are the ones with no clear solution—everything else has been automated or outsourced away. This means the only work that’s left is the work that changes rapidly. Work that requires resilience.

As a former startup founder, I thought I knew what it meant to be nimble and adaptable. After being hit in a second round of layoffs at Etsy in 2017, I started Headlight, a tech hiring platform, with a former coworker. Eighteen months into the business we did a hard pivot into gaming and e-sports, and eventually landed a small exit by Facebook in 2020.

But only after ramping up as a product manager at Facebook/Meta did I realize just how seriously the term “move fast” applied to internal work culture. Reorgs, new project objectives, and stakeholder alignment became my day-to-day reality. I had to really get comfortable with the messiness and chaos of my work life. We can’t control everything at work, but we can control our attitude, our presence, and our dedication to our craft. Sometimes the moments of messiness can lead to the greatest triumphs—and that can be one of the best feelings in the world.

Put it into practice:

• Accept that your work is temporary, your projects are impermanent, and your objectives are not final—and look for new possibilities that emerge when change arises.
• Develop personal habits and routines at work and in your personal life that can ground you in a sense of stability when the work itself cannot. A weekly check-in with a trusted coworker, a morning yoga or meditation practice, or a regular happy hour with friends can reduce the anxiety of a constantly changing swirl of work.

2. Make time for joy and fun.

Finding moments of joy and happiness at work is essential to our well-being. We need to proactively look for the good and the delightful things in our day, even—especially—when things are tough. A five-minute chat with a colleague about weekend plans, a funny meme that gets passed around the office, or a team lunch (virtual or real) can make a big difference.

“It’s a shockingly recent notion that work and play should be mutually exclusive things,” Scott Berkun writes in The Year Without Pants about his time as an engineering manager at Automattic, a remote-first company since 2005. Much of the book talks about the fun times his team spent together at company retreats and all hands. “We learn about ourselves and each other through play, which helps us work together. Not everyone believes this, of course, but I do.”

We know that across the military, professional sports, and the entertainment industry, there’s often a great deal of play mixed into the work. That kind of fun can create deeper relationships, which in turn drive performance.

A big part of my work is to help my clients identify what brings them joy and then make time for it. One of my clients has a dream of leaving his 9-to-5 job to become a freelance consultant so he can take long bike rides during the week. I asked him why he couldn’t start doing that now, but on the weekends. If it’s not a priority now, it probably won’t be a priority later.

Put it into practice:

• Schedule in time for fun at work. This could be a recurring activity or an ad hoc event with a colleague or team. Some of my favorite remote-friendly team activities include online escape rooms (like a brainteaser or a detective game), drawing games (like Garticphone or Skribble), and guessing games (like Wavelength).
• Prioritize fun outside of work. How can you have something to look forward to after work is over? Consider enrolling in a craft, cooking, or fitness class—ideally with a friend. Or plan a bigger activity like camping, international travel, or a show further into the future and savor the ongoing anticipation as the event draws near.

3. Connect to your personal values at work.

In an ideal world, we could work in industries, companies, and roles where we feel total alignment between our personal values and our employer’s values.

The reality is that many people face a bit of a mismatch. Our values might be aligned with the mission of our company, but not necessarily with the project we’re working on, the department we’re in, or the people we’re working with.

When we find ourselves in a work situation that isn’t aligned with our values, it can be incredibly disheartening. But while changing your circumstances (read: getting a new gig) would obviously be the most direct approach to addressing the issue, it will inevitably come up again in your new job (see strategy no. 1).

Instead, look for smaller ways to express your values at work. For example:

• If you value teaching, maybe you can host a brown bag discussion about a popular topic (“last-touch attribution in marketing”) or tool (“no-code automation apps”) that has emerged in your field.
• If you value design, how can you make sure your next report or presentation is visually appealing, even if it’s only being shown to a few teammates?
• If you value contribution, can you come up with some ideas for how to improve a product, feature, service, or team process and see if anyone else wants to join you in working on them?

One big benefit of focusing on values over, say, goals is that you can fail to achieve a goal (“ship Project Sirius by May 1”) but you can always act in accordance with a value (“be transparent in communication”). No matter what’s going on at work, we can always do something that brings us closer to our values, which will make us feel less trapped by circumstance and more in control of our experience.

Put it into practice:

• Articulate your core values and put them in a place where you can easily see them. Here’s the template I often take my clients through to whittle down from a larger list into a smaller group of personalized values.
• Make some time at the beginning of each week to reflect on the week ahead and look for opportunities to insert your values at work.

4. Find communities where you can let your guard down.

Leaders often talk about supporting “authentic expression” or “bringing your whole self to work.” But when performance is being scrutinized during tough times, we tend to put on the mask of a bland, upbeat corporate persona. It quickly gets exhausting.

It’s really important to have other places where we can let our guards down and just be ourselves—where we can talk about the challenges we’re facing and get feedback on how to address them.

I recently facilitated a six-week resilience-at-work series with about a dozen employees across technical and business functions at a large tech firm. Each person there was seeking resilience in the face of a challenge: returning to work after family leave, being put on a performance improvement plan (PIP), or feeling isolated as a fully remote worker.

While initially guarded, there was a moment halfway through when people opened up. I was going over the third skill in my resilience framework: rebuilding in the face of change, and letting go of old dreams in order to dream new ones.

One by one, participants shared dreams they had lost—a career as a touring theater performer or a project they thought they would get to lead. And then talked about dreams they were holding out hope for—acquiring a rental property to build financial freedom or having a less combative marriage than their parents had. These vulnerable conversations built a sense of community and helped them feel more at ease in the midst of their struggles.

“My circumstances haven’t really changed,” one participant said toward the end of the series. “But I feel better about facing the unknown. I have some skills I can use and a community to turn to when I feel like things are hard.”

Put it into practice:

• Join an employee resource group (ERG) or other semi-private support group at work where you can find belonging with a smaller number of coworkers who might not be on your direct team. Contribute to the conversation, ask questions, and consider proposing a periodic get-together—either in person or on video call—to support one another.
• Find community in a professional network outside of your company. I’ve built relationships and found community through cohort-based courses (like Ship 30 and Great Founders Write), peer coaching groups (like Sidebar), and even dedicated Slack channels and Facebook or LinkedIn groups for product managers.

5. Think about the story you’ll tell.

As an amateur climber and outdoor enthusiast, my sister Amy introduced me to the idea of Type 1 and Type 2 fun. First coined by Rainer Newberry, a geology professor at the University of Alaska, the terms reflect the idea that some things are only fun in retrospect.

• The ambling hike up gentle hills on a sunny day? Pleasant, enjoyable in the moment. Type 1 fun.
• Crossing a river with your friend in the dark to search for your car keys after you lost them on the trail? Tiring and unpleasant in the moment, but pretty funny in retrospect. Type 2 fun.

Work is rarely Type 1 fun. The occasional brainstorming session, team offsite, or quietly productive afternoon are the exceptions, not the rule. But when things get hard, you might see the moment as Type 2 fun—an experience or accomplishment that’ll you’ll remember and talk about fondly afterward.

When my third startup got into a Amazon-affiliated startup accelerator, I had to relocate from New York City to Seattle. I left behind my new wife just a few months after our wedding to hunker down in a 250-square-foot dorm for several months as my cofounder and I prepared to wow investors on Demo Day. It wasn’t exactly pleasant in the moment, but I cherish the memories from that intense sprint as part of my life as an entrepreneur.

Extensive work by the psychologist James Pennebaker and others has shown that writing about our experiences during and after difficult circumstances—especially if these thoughts and feelings have been kept a secret—can be tremendously healing, even if we never show those words to anyone. Taking multiple perspectives on the situation and trying to piece together a narrative even when things felt out of your control (using words like “realize” and “because”) helped people move forward in a positive direction.

By retelling the story of our lives through a more empowering lens, we can take the edge off difficult events of the past and see the joy and growth they’ve enabled. Through the power of narrative and reflection, we can internalize lessons that will shape who we are today and who we become tomorrow.

Put it into practice:

• Reflect on past challenges you’ve faced. What did you learn from those experiences? How have they shaped who you are today? Write it out. Or publish your reflections to an audience: If a fully public platform feels like too much exposure, consider just emailing a group of friends or posting in a private social network.
• Think and freewrite about how you might want to tell the story of your current situation at work in the future. What actions will you want to say you took? How will you wish you’d handled it? What ending would you want the story to have?

Happiness is not possible at every moment, but by acting with resilience, we can create more consistent happiness in our lives—inside and outside of work.

10 Things That Require ZERO Talent

Written by: Molly Fletcher

How often do we equate success with talent? All the time. But the reality is, success isn’t created by talent alone. Just like we might see immense talent squandered, we also see underdogs unexpectedly overachieve. Here are 10 behaviors that we can always control that require zero talent yet have a huge impact on our success.

1. Being on time. Punctuality is a keystone habit that requires organization and planning ahead—both of which lead to greater success. Here’s a good primer on why being on time is important and how anyone can make it a habit.

2. Work ethic. This is the discipline of showing up consistently and making the best decisions that lead to peak performance. Even at the pinnacle of his career, the late basketball superstar Kobe Bryant’s work ethic was legendary. Kevin Durant recalls the message a veteran Kobe sent the younger players at Olympic Trials back in 2008, just after Durant’s first year in the league. The players were given a day off, but there was Kobe, the only veteran getting on the bus to go work out at a high school gym. “He made 50 shots at each spot around the 3-point line,” Durant recalls. “We just looked down there and said, man, he’s the best player in the league and he took a bus to a high school to get some work in. It’s that work ethic that Kobe embraced throughout his career to become one of the all-time greats. As Kobe said after getting drafted straight out of high school in 1996, “I don’t want (fans) to think I’m just a high school kid coming in here thinking the world owes me something. I’m going to go out there and I’m going to work.”

3. Effort. Few athletes worked as hard as major league pitcher John Smoltz, who is now in the Baseball Hall of Fame. As his agent, I saw him extend his career by years through sheer effort and commitment. He made up his mind to make changes along the way, like going from starter to closer, that kept him in the game as a valuable contributor to his team. Effort is a mindset as much as it is a behavior.

4. Body language. How you move and express yourself around others shapes who you are and how you are perceived. Anyone can improve, and here’s a TED talk that explains why and how.

5. Energy. Everyone has energy to devote to a goal, and the decision of how much to give. Be conscious about where yours goes.

6. Attitude. It’s up to you to keep going. No one else can decide that. A great attitude maximizes the talent that you do have and offsets what you lack.

7. Passion. Perhaps the single most important way each one of us can suffocate the fear that keeps us from peak performance.

8. Being coachable. Anyone can become a better listener, learn from feedback, and embrace the success of others.

9. Doing extra. Go the extra mile. I saw it all the time with the athletes I worked with. The ones who sustained their success were the ones who consistently worked at their craft beyond what was required. That extra work and preparation fosters confidence. We can all learn from this approach and exceed our own expectations.

10. Being prepared. Only you can give yourself the time and space to be as ready as you can be. Make it a habit, and you will make the most of your talent. There is great truth in the saying: Failing to prepare is preparing to fail.

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 Journal, The New York Times, Forbes 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 Success, Social 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.

Meet America’s Best Employers For Diversity 2022

Jared Council

Forbes Staff

I cover stories at the intersection of business and race

Follow

Apr 26, 2022,09:45am EDT

GETTY IMAGES

Over the past two years, the focus on racial disparities has put a spotlight on several industries. The impact of Covid-19 on the lives and livelihoods of Black families has raised questions about healthcare equity. The economic fallout for Black workers and Black-owned businesses has once again illustrated the need for financial inclusion and access to capital. Meanwhile, remote learning has turned attention to the disparities in resources and academic outcomes for students in underserved communities.

So perhaps it’s no surprise that those sectors have been laggards in embracing the importance of racial diversity in serving the underserved. However, the devastating impact of Covid-19, combined with heightened attention to racial inequities following the murder of George Floyd in May 2020, appears to be having some impact. Although far from sufficient, those sectors made the greatest gains in addressing one of the key factors in advancing representation in Forbes’ 2022 list of America’s Best Employers for Diversity.

This year’s list features a higher proportion of companies in banking and financial services, the healthcare and social sector, and education. Each sector increased its presence on the 500-company list, with each making up 8% of the list versus 6% last year.

“The impact of Covid-19 took the world by storm and revealed the magnitude of inequalities that exist in communities of color, especially Black- and minority-owned businesses,” John Patton, head of U.S. diversity and inclusion at TD Bank, told Forbes in an email. “To stay on track and continue on our path to diversify talent across the organization, we’ve enhanced our focus on diversity and inclusion and we report on our progress annually as part of our Environment, Social and Governance Reporting suite.”

This commitment helped earn TD Bank No. 9 on our fifth annual list of America’s Best Employers for Diversity. Forbes partnered with market research firm Statista to survey 60,000 Americans working for businesses with at least 1,000 employees and pinpoint the companies they identified as most dedicated to diversity, equity and inclusion. Respondents were asked to rate their organizations on criteria such as age, gender, ethnicity, disability and sexual orientation equality, as well as that of general diversity. More than 10,000 companies were reviewed and roughly 2,000 were given a diversity score, which takes into account surveys of a firm’s diverse employees and its publicly disclosed information about representation.

Statista found that some of the best-performing companies on the list have tangible action plans and initiatives aimed at providing support and representation for diverse employees. That includes initiatives such as leadership programs that target underrepresented groups and women. According to Statista, 16% of researched companies had women CEOs, and 31% had executive leadership and board positions filled by women. More than 55% had an executive leadership position with the explicit task of promoting diversity and inclusion.

Despite the progress companies have reported in increasing diversity, much work remains. A case in point is ChristianaCare in Newark, Delaware, which set a goal in July 2020 to grow the number of people of color in leadership roles there by 15% in three years.

Caregivers from ChristianaCare's Pride Employee Resource Group and Inclusion & Diversity department celebrated Pride Month with a special flag-raising ceremony on ChristianaCare campuses to symbolize the organization's commitment to diversity and inclusion of the LGBTQIA+ community. 

Ranked at No. 40 on the list, the company is on track, growing to 46 from 41 since July 2020, a 12% increase. However, the percentage of non-white employees ranked at or above director level actually got smaller, from 15.9% that summer to 14.7% today. In other words, the growth rate for managers of color was slower than that of the overall pool.

“I saw this 12% increase, and I got excited. And then I saw that the overall percentage went down, and I stopped being excited,” says Pamela Ridgeway, the chief diversity officer and vice president of talent at the 13,000-employee healthcare system. She says she’s encouraged, though, and that experience taught her to celebrate wins and set new targets.

The healthcare industry is under pressure to improve DEI-related outcomes given some of its glaring racial disparities in health outcomes, such as higher death rates for Black women in maternal care. The mandate for many DEI healthcare leaders has included lowering racial disparities within employee and patient populations, and the belief is that the former can help with the latter.

“We are bad to Black patients, and we’re bad to Latino patients,” says José Rodríguez, associate vice president for health equity, diversity and inclusion at the University of Utah Health system, referring generally to outcomes in the healthcare industry. The Rocky Mountain-based healthcare system ranked No. 41. “However, there’s emerging data that shows when you have more Black providers, the health outcomes for your Black patients go up. And the same is true for your Latino population. So we’re working to end disparities.”

Progressive Insurance and technology company VMware ranked first and second, respectively, on the list this year, up last year from No. 20 for Progressive and No. 11 for VMware. Progressive’s DEI related efforts include a “Dare to Disagree” diversity workshop, while VMware has won acclaim for its efforts around disability inclusion.

Adobe, which ranked No. 6, has a number of efforts underway, including partnerships with historically Black Colleges and Universities and Hispanic-serving Institutions, and the Equity and Advancement Initiative. The latter initiative involves collaborating with 11 nonprofit organizations and is designed in part to foster discussions around issues of importance to diverse populations, such as voter rights.

“We really want to make sure we create an ecosystem outside of Adobe that enables us to see around corners,” says Brian Miller, chief talent, diversity and inclusion officer at Adobe. “So where companies can get very reactive … we wanted to start creating organizations that allow us to get in front of that conversation and then tie them to our employee networks.”

For the full list of America’s Best Employers For Diversity, click here.

Methodology

To determine the list, Statista surveyed 60,000 Americans working for businesses with at least 1,000 employees. All the surveys were anonymous, allowing participants to openly share their opinions. Respondents were first asked to rate their organizations on criteria such as age, gender, ethnicity, disability and sexual orientation equality, as well as that of general diversity. These responses were reviewed for potential diversity gaps. Statista then asked respondents belonging to underrepresented groups to nominate organizations other than their own. The final list ranks the 500 employers that not only received the most recommendations but also boast the most diverse boards and executive ranks and the most proactive diversity and inclusion initiatives. The survey period ran from September to October 2021.

In April 2022, fifth-year student Yooseon Hwang presented her paper,"The Welfare Effects of Congestion Pricing," at the European Urban Economics Association Conference in London. The paper estimates the effects of congestion pricing on welfare by developing a quantitative spatial model with endogenous commuting costs.

How to Make the Most of Your Summer Internship/Work Experiences

Whether it is virtual, in-person, or a bit of both, your summer work experience is a chance to build skills, relationships, and possibly parlay the internship into a full-time offer or renewed employment!
Think of the summer as an extended job interview - where you are getting the chance to be a first-pick for full-time work, and you are determining if this is an employer/job function that interests you!

Plan Your Internship!

Design goals for yourself. These may be:

• skills or concepts you'd like to build (For example MSExcel, Python, data analysis, Tableau, project management, etc.)
• projects you'd like to design (Design a website, analyze data and produce a written and oral report)
• relationships you'd like to build (Meet 5 people in the organization through a virtual or in-person meeting)
• experiences you'd like to have (Attend a staff meeting of senior-level team members; represent your team on a committee)
• meet with your hiring manager to discuss relevant goals (some may be your personal goals and not for your supervisor's consumption)

Interview! (Yes, you are conducting the interviews!)

• You want to learn more about this employer, your job function, and the industry. Can you see yourself working with this organization? With this supervisor?
• ​Spend time in the office (if possible) to learn about Team Culture and Employer Culture (These are not always the same.)
• You can learn about the firm's virtual culture through their interactions with you and your peers/colleagues
• Schedule 15 minutes with staff in varying roles and levels, starting with those working full-time in your possible future role
• Get to know people, both by reaching out and developing a positive reputation. 
• Stay connected to your recruiter 

Get Involved!

• Attend events (in-person or virtual) that you are invited to
• ​Ask questions of your supervisor or recruiter
• Join clubs or affinity groups, especially if your employer is large and has organized groups for employees/interns ​

Find a Mentor/Employee You Trust

• Your mentor may be assigned to you through a formal program in which case make the most of the opportunity
• ​Find a mentor, or someone with whom you feel comfortable and may ask questions. This is not always possible; but, don't be shy about asking other employees to meet with you in person or virtually to discuss their work. You may hit it off and find an informal mentor
• Mentors can help you navigate through new situations at work
• Mentors can be future advocates for you with your current employer or a future employer

Document Your Work!

• Catalog all of your projects in a notebook or spreadsheet
• List these by responsibilities and results
• Brainstorm the skills you used and developed and the people with whom you worked to get the work done
• Add this information to your resume and LinkedIn account
• Create a website (wix.com or wordpress.com) to showcase your work, if applicable
• Practice speaking about your summer experiences
• Record the names and contact information of the people you worked with and connect with them on LinkedIn

Next, read the article from the PennyHoarder Rock Summer Your Internship!

Adapted from the Muse and the ECO's summer internship PowerPoint, How to Make the Most of Your Summer Internship and alum Sabrina Grandhi's recommendations.

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