Spring 2008 BGSIE

FALL 2008

Changing Directions Mid-Career Changing

Career Directions

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what’s inside 2

A Message from the New BGS President

3

Letters to the Editor

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Changing Directions Mid-Career

BGS Corporate Contributors and Affiliates 2008 Beta Gamma Sigma thanks those organizations that generously support the Society’s programs and services

Beta Level Sponsors

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Advice from Beta Gamma Sigma Members

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Career Change Tools for the Mid-Life Woman

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Going Back to School

($50,000+) BusinessWeek

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Virtual Career Fair

GEICO Graduate Management Admission Council (GMAC)

Networking with the “Best in Business”

KPMG and the KPMG Foundation

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Resume Writing for Professionals Changing Careers

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Virtual Graduate School Fair

The Week

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EBL in Action

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AVIS Rent A Car System, Inc. Barnes & Noble.com Becker Professional Review

BGS International Exchange Beta Gamma Sigma 125 Weldon Parkway Maryland Heights, MO 63043-3101

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If you have any questions or comments about this issue of the BGS International Exchange, please forward them to exchange@ betagammasigma.org.

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bgs international exchange Fall 2008 www.betagammasigma.org 3

A Message from the New BGS President

A

s this is my first “Message from the BGS President,” let me start by expressing how thrilled I am to serve the 600,000 lifetime members in this new capacity. I am proud to have spent the last several years working with and for Beta Gamma Sigma on a variety of levels, but taking on this George E. Stevens new role is a true honor.

BGS President; Dean of the College For the next two years, I’m of Business Administration at Kent counting on you to help me have State University a clearer view of the issues and concerns important to lifetime members of Beta Gamma Sigma.

Although I’ve served on the Board of Governors for quite some time – I joined in 2002 – I need to hear your feedback to know what you most expect from your lifetime membership. And make no mistake about it: you should expect the very best from us. It’s our job to make sure we live up to the standards each of you has set as “the best in business.” Send an email to bgshonors@betagammasigma.org or call the Central Office and let us know how we’re doing.

I would be remiss if I didn’t start my two-year tenure as President of Beta Gamma Sigma by highlighting the outstanding leadership of John Wholihan the previous two years. If it’s true that the easiest job in the world is to follow a slacker (you know, anything you do looks good by comparison), then I might have the toughest job in the world. John has served on the Board since 1996, and I’m very glad to report that he’ll continue for another two years as Immediate Past President. I’m not sure anyone can fill his shoes, but it will be a great comfort knowing his wit, wisdom and quiet leadership remain a resource as we move into the future.

Likewise, I wanted to thank Sara Freedman, Carl Gooding, Ken Stanley and Otis Thomas for their tireless efforts on behalf of Beta Gamma Sigma. They each stepped down from the Board of Governors on June 30, taking with them years of knowledge about Beta Gamma Sigma’s programs and progress over the last decade. The 600,000-strong lifetime membership of the Society thanks them for their immense contributions.

While we say goodbye to a few old friends, I take this opportunity to introduce you to a few new ones. New Board members were elected in April and their terms began July 1.

When you receive this issue of the BGS International Exchange, members of the Board will be only days away from meeting in Charleston, S.C. I am anxious to get started working with the following new members: •

Joseph A. DiAngelo, Dean of the Erivan K. Haub School of Business at Saint Joseph’s University

•

Susan West Engelkemeyer, Dean of the School of Business at Ithaca College

•

Melvin T. Stith, Dean of the Whitman School of Management, Syracuse University

•

Beck A. Taylor, Dean of the Brock School of Business at Samford University

Congratulations are in order for Robert D. Reid, Dean of the College of Business at James Madison University, and James 4 bgs international exchange Fall 2008 www.betagammasigma.org

K. Weeks, Dean of the Bryan School of Business and Economics at The University of North Carolina at Greensboro, for their elections as vice president/president elect and secretarytreasurer, respectively. Each has served for years on the Board and has committed to guiding the Society toward its 100th anniversary in 2013.

Since they don’t often get the credit they deserve for their hours of volunteer work on behalf of the Society, I’ll take this opportunity to reintroduce you to the returning members of the BGS Board of Governors: •

David H. Blake, Professor of International Business, University of California, Irvine

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Karen E. Boroff, Dean of the Stillman School of Business, Seton Hall University

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Willie E. Deese, President of Merck Manufacturing

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Rocki-Lee DeWitt, Dean of the School of Business Administration, University of Vermont

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John J. Fernandes, President of AACSB International– The Association to Advance Collegiate Schools of Business

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Ellen F. Harshman, Dean of the John Cook School of Business, Saint Louis University

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William C. (Curt) Hunter, Dean of the Tippie College of Business, The University of Iowa

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Micheál J. Kelly, Dean of the Telfer School of Management, University of Ottawa

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Betty Jo Licata, Dean of the Williamson College of Business Administration, Youngstown State University

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Terry S. Maness, Dean of the Hankamer School of Business, Baylor University

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Bernard J. Milano, President of the KPMG Foundation

So that’s the starting lineup for your BGS Board of Governors. With a nod to the recently completed Olympic Games, I would say we have a gold-medal worthy team, dedicated to working hard for you, the Society’s lifetime members.

In the next issue I will report on some of the Beta Gamma Sigma initiatives in the works, including the Ethical Business Leadership Initiative. I urge you to read the next issue of the Exchange or check the BetaNet website regularly for more information. The upcoming (and first-ever) BGS Virtual Career Fair – including the Virtual Graduate School Fair – is set to kick off in the next two weeks, so we’ll share some of the post-event details. We are developing a presence on LinkedIn, exclusively for members, and you’ll be hearing about that soon. And we’ll share some record breaking numbers with you. So check back with this space in the Winter 2008 issue.

I’ve been fortunate to travel the world during my academic life – Europe, Asia, South America, the Middle East, etc. – and “Honor, Wisdom and Earnestness” are much needed concepts in every corner of the globe. As lifetime members, you committed yourself to these ideals when you accepted membership. I look forward to working with and for you as the Society seeks to strengthen those ideals throughout the business world.

Thank you very much.

U.S. Consumer Confidence Plummets June 2008 B-Zine So, what exactly are you trying to tell us? Okay, so consumer confidence is low. Okay #2, it is caused by oil prices and the need to tighten the belt in other areas. So, what does Beta Gamma Sigma conclude? That we should cry in our beer, or sing Kumbaya (misery loves company)?

In other words: Huh? What is your objective?

Lynne Baron (BGS 1977, Indiana U.)

I wanted to say that I really enjoyed the format and selection of articles. The fact that the newsletter stays with one main topic and tackles it from a variety of angles (purely theoretical, current events, etc.) provides for a very educational experience.

I look forward to the next edition!

Really enjoyed the most recent issue. I like the fact that the B-Zine is being used to educate and illuminate its readers with information that is relevant to what is going on in the country today, i.e., an issue dealing with the Consumer Confidence Index when the CCI is plummeting to the lowest levels in many years. And the related articles reflecting the lagging confidence in foreign countries – that’s inspired journalism.

Thanks for the opportunity to provide this feedback. I look forward to the next issue…

Jeff Montesano (BGS 2008, Concordia U.) I don’t see much value in reading six articles on the same issue – in this case (the) dip in consumer confidence. I would prefer a wide range of global business topics covered.

Prashanth Lakhihal (BGS 2008, Baruch College)

Cameron E. Shackelford (BGS 2002, Rollins College)

Jobs Forecast – Spring 2008

It’s obvious that any individual that familiarizes themselves with the economic landscape can easily analyze that there are numerous factors that directly impede and attest to the questionable stability of the U.S. economy: the increase of oil prices, which is coterminous to the increase of gas prices in the US, the adumbrated signs of a potentially harmful inflation, the close evaluation of the Feds’ next genius/imbecile move (however the individual would look at it), the constant increase in unemployment rates, and even the hottest topic on the current political agenda: economic planning between the two charismatic presidential candidates.

I don’t see it. I have an advanced engineering degree. And at the end of April I will complete an MBA with Finance electives. Although I’ve applied to many positions in both these disciplines and am willing to relocate I’ve had only a handful of interviews out of hundreds of applications.

April 2008 B-Zine

These foreboding factors may seem to be paramount with the US consumer confidence index. (But in) reality, these factors only serve as a potentially “changing environment” in which the “inhabitants” are trying to survive. Many economists and finance experts might call it “America’s Economic Darwinism” (or at least that’s what I would call it). It is the survival of the financially fittest.

The “economy” represents the environment and the inhabitants are the US citizens. The (non-) necessities are eliminated and the consumer naturally searches for only those items, services and commodities that are considered necessities in this technologically driven environment. Money and its value becomes an even more cherished acquisition and survival becomes the emphasized commonality.

Ikemba Balogu (BGS 2008, Arkansas State U.)

Peter Hodges (BGS 2005, Eastern Michigan U.) Some thoughts: 1.) My father recently got laid off (second time since 2004). He was a Quality Control Manager for a company that made barcode scanners, but the “orders just weren’t coming in.” He has a master’s degree and 25 years of experience, but he’s also 56 and I’m worried about him competing against college graduates that will come cheaper.

2.) However, I work for a power company and they haven’t stopped hiring. With demand for electricity rising faster than supply, growth of renewables, pending carbon legislation, oil above $100 (per barrel), a potential nuclear revival, etc., it’s a very exciting time. I believe this is a very overlooked sector when looking for jobs; it’s NOT just for electrical engineers. I work on the marketing and trading floor, (and) it’s a great opportunity for business students looking for a career.

Owen Klicker (BGS 2007, Miami U.)

What do you think about this issue of the International Exchange?

Send your letters and comments to the editor:

exchange@betagammasigma.org bgs international exchange Fall 2008 www.betagammasigma.org 5

Changing Directions Mid-Career T

“Very much so, yes. It’s made a big difference,” she said.

“I was canceling birthday dinners with family, and missing out on things with friends, and having to schedule vacations around month-end close. So having the freedom and flexibility that I have now is huge and has made such a difference in my personal life and my health. It’s definitely been a plus.”

Stone took her time researching and planning her career switch. For six months she considered her skill set and identified opportunities. She researched various companies to make sure they had a culture she would be comfortable in, and found compensation to be an area that interested and challenged her. Then it was time to actually find the job.

What advise would she give others contemplating a similar move in mid-career?

“It’s always scary to leave the familiar behind,” she said.

“But especially if you’ve been out of school 10 years and have that experience, you can always go back” if the new direction doesn’t work out like you planned. She said it’s important not to let the fear of the unknown derail you from a change for the better.

“I am thrilled with my career right now – the company, the job, the hours – it’s fantastic,” Stone said. “I hate to think what would have happened if I had said, ‘Well, you know what, I’m really too old or too experienced to make any change at this point in my career.’”

Additionally, she said it’s important to find a company that can see your value – even when you don’t have extensive experience in the area you’d like to explore. When she interviewed for her current job, interviewers pointed out her relative inexperience working in compensation.

“I said, ‘Look, I’ve never accepted a job where I already knew what I was doing, because I want a challenge and I want to learn more,’” Stone said. Marketing yourself and your skills is important when you want to enter a new industry, she said.

The following are other BGS members who shared their stories on mid-career switching:

he world of work was different for previous generations.

People would find their “career positions” fairly early after graduation and would often work at the same place for 30-40 years or more. Many older Americans never considered a “mid-career change,” because once someone found a good job with long-term security, it was time to settle down and reduce risk.

As a result of corporate mergers, acquisitions, downsizing and other factors, many professionals today face the prospect of a mid-career change they didn’t choose. Many others, feeling the need to stretch their boundaries, scratch an itch, change their personal life situation or make a difference in the larger community around them choose to change their professional direction.

Whether chosen or not, the future can prove daunting to professionals who face a mid-career change. Careful planning and a realistic evaluation of skills, needs, desires and opportunities can help make the change go more smoothly.

Many Beta Gamma Sigma members who have faced such a change responded recently to a series of questions from the honor society.

Michelle Stone (BGS 1995, U. of Illinois) started her career in finance and accounting with Arthur Andersen after finishing school. She then worked for a couple other companies doing similar work, with many of the same benefits and challenges.

Hubert N. Walcott (BGS 1991, Baruch College, CUNY) “I loved what I was doing, but the deadlines and long After being in the Information Technology industry for hours were kind of a killer,” Stone said. “So I now work in the 36 years, I was forced to switch careers because of corporate area of compensation, which utilizes many of my analytical downsizing. I chose real estate as my second career and am skills, but it’s in HR. The hours are much more manageable” now broker/owner of HNX Walcott Real Estate Solutions in the and she gets the opportunity to work more with people than in state of Florida. Although the market is soft, I have no regrets her past career. and, in fact, continue to pursue recognized designations in the Stone, who is now Director of Compensation at Leo Burnett field.

USA, indicated that much of the decision to switch careers was based on a need to improve her life outside of work. The long Clinton Rodenfels (BGS 1986, California State U., Long Beach) hours had begun to take a toll on her health and she felt it was After so many years working to support technology and time to “see what was out there.” She said she didn’t feel much 11 years with the last company, I had started to become bored angst over the switch because “I knew I could always go back” and somewhat jaded with my job. The pay was good, as were to accounting if needed. the benefits, but the work was not fulfilling. About two years She accepts that there are costs to switching directions midbefore I left, I became heavily involved with a local volunteer career. organization and discovered real joy in doing human service “I knew I would probably not have the same salary work. Within a year, I was the volunteer Executive Director for trajectory,” she said. “I didn’t take a pay cut, by any means, but my raises “I am thrilled with my career right now – the have been a little smaller.

But that to me has been company, the job, the hours – it’s fantastic. I hate to worth it for the trade-off think what would have happened if I had said, ‘Well, of the (improved) worklife balance.” you know what, I’m really too old or too experienced So, does she feel to make any change at this point in my career.’” better about her life now as a result of this career Michelle Stone shift?

Director of Compensation, Leo Burnett USA 6 bgs international exchange Fall 2008 www.betagammasigma.org

the charity and it consumed a good portion of my free time.

Around the same time I met my future wife, who lived in a different state. We conducted a long-distance relationship for about a year, but halfway through realized that one of us would have to move. She had a house, I had a small condo. She had a better job than I and was located where the cost of living was lower. With some trepidation at first, I came to believe that the best move for both of us was for me to relocate.

I (was able to take) a few months off, something I’d never done before. Before the end of the year, I’d found another job in a different sector of the industry (technical recruiting).

I hated the job and quit within six months. After discussing with my wife (we had since married), I decided to return to graduate school and pursue a master’s in social work. Two years later, I graduated with my master’s and took a full-time job running a small program at a university, focused on helping students to overcome barriers to graduation.

Randal Heide (BGS 1988, U. of Tennessee at Knoxville) I switched careers by choice five years ago after 15 years with two large companies in the same industry, and have never regretted it. Most of those 15 years were great, but I eventually realized I’d reached a point where I’d outgrown the available mid-management roles, while the corporate executive lifestyle I was on the edge of wasn’t for me. In addition, throughout my career the industry had been going through a time of significant change and reinvention, which provided me with several wonderful opportunities to create, experiment and build.

Eventually though, a “new order” settled in, those opportunities dried up, and I was becoming bored and increasingly unfulfilled. When I first became interested in business as a teenager, I thought I’d be better suited as selfemployed or an entrepreneur rather than a corporate employee, and I guess that proved to be correct in the long run.

Today I’m consulting part-time, volunteering at the board level for a national non-profit, and have just launched a hobby

business marketing boardgames, which I’ve invented (and which, so far, is going remarkably well). I’m making less money but am much happier (and so is my spouse).

Pat P. (BGS 1995, American U.) I had reached the proverbial glass ceiling at my prior job as Assistant Regional Credit Manager in the electronic distribution industry, responsible for the Mid-Atlantic region. Although my superiors had me take over the Area Credit Manager responsibilities when that person left, they wouldn’t give me the accompanying promotion because I didn’t have a four-year degree. I left that career and went back to school and got a bachelor’s and a master’s in accounting, sat for the CPA exam (and passed), then went to work for the federal government as an auditor. After six years I changed careers again and became the Director of Finance for a county government, which I love.

Continued on Next Page

bgs international exchange Fall 2008 www.betagammasigma.org 7

Changing Directions Mid-Career (Cont. from Page 5) Brenda S. Green (BGS 1985, Georgia State U.) Yes, like Madonna, I have re-invented myself a number of times. I started my professional career as a lawyer; then got my MBA (while still working in a law firm); then went on to get a CFA accreditation and work in finance with BellSouth Corporation; then into the Peace Corps for 2 years in Russia (definitely a calculated mid-career change with the goal of getting international experience – a gamble that paid off); then back into law in China for a year; and then back into finance/ business valuation/litigation support with Arthur Andersen and PwC in Hong Kong.

After a short time back in the United States, my husband and I returned to Hong Kong, where I landed a job that pulls together all my previous experience – the Asia Region COO for a US-based law firm. I currently manage all the business functions for our four offices in the Asia region. It’s a great job that utilizes everything I’ve learned in my 30-year career.

I moved out of law for a variety of reasons, but the main one was that I always liked business. Plus there were some aspects about law that I didn’t care for.

Roslyn H. Schaffer (BGS 1998, Drexel U.) I had a master’s in social work from The University of Pennsylvania, but concentrated in management and administration, taking all my electives across the street at Wharton. I should have stayed on another year and also earned an MBA, but I was 22 at the time and anxious to begin working.

I worked in the social services field but left as it became more difficult to secure funding. I transitioned into banking and became a commercial lender, having been told that anyone can learn banking; it’s the people skills that are a must.

After eight years in that role I decided to return to school to earn that MBA. There were required courses in law and human resources. I took employment law. I was hooked and approached the CEO of my company about switching from a concentration in finance to HR (she was paying for the degree).

She was all for it as she was planning on growing the company.

I graduated in 1998 and moved into HR after 15 years in banking and financial services. I am passionate about my role in delivering the quality of the workforce to support the strategic goals of the organization.

John McKinley (BGS 1995, Ohio U.) As a Department of Defense civilian employee with the U.S. Air Force, I have had the unique opportunity to experience several careers all the while working for the same organization. I have been a contract negotiator; a computer forensic examiner; had a career broadening assignment that included working in information assurance; and I am now a branch chief overseeing the money and manpower for communications and information for the Air Force Special Operations Command.

My only break from civil service was to attend graduate school. This was between being a contract negotiator and getting into computer forensics. Returning to the Air Force was not a difficult decision after graduate school, though, because I was working on a second master’s degree courtesy of the federal government’s Cyber Corps program.

While the money and benefits may not match the private sector, I imagine a lot of people don’t know that working for the government allows for many opportunities to try new things. After a few more years as a branch chief, I will be looking for new challenges but still with the Air Force.

8 bgs international exchange Fall 2008 www.betagammasigma.org

Gary L. Jordan (BGS 1986, California State U., Long Beach) In 2002, after 26 years with the same firm, I took advantage of an enhanced severance package when BP acquired ARCO. I began looking for a job that would better accommodate my goal of attaining a job with a 40-hour workweek.

I wanted a better balance between the time spent focusing on “work” (including business travel) versus with my family (wife and two children). I was fortunate to obtain such a position locally as a business manager with Western Washington University a few months after leaving my previous position.

Martial Faure (BGS 1992, Winthrop U.) I changed careers upon being laid off from a company due to economic reasons. After a period of one year of unemployment I visited an executive job advisor who advised me to change careers. I found a job three weeks afterward.

After 12 months of unemployment, the French government offered me a session with an (advisor). This is a three-month session where all your strengths and weaknesses are analyzed through your eyes, your previous colleagues’ eyes, and the eyes of your family members. After two months and having heard my wishes, the advisor told me I would be a better purchasing manager than sales manager.

I am very satisfied. I feel much better now and due to my double culture (U.S. and France), I enjoy working for U.S. multinational companies.

Kathryn VanScoy (BGS 1995, San Jose State U.)

During my teaching career, I had spent summer vacations working on computer assignments through temporary staffing companies. I knew that many of these could have turned into permanent positions had I been interested, so this was the means I used to transition from the education field to industry.

The first permanent “full time” position involved working for the credit and collection areas, and due to my background in mathematics and ability to streamline processes, I had the bandwidth to branch out into many ad-hoc finance projects. I was also fortunate to have a good mentor, who suggested that an MBA would be very useful. After investigating programs, I settled on one, which was affordable both from a time and financial perspective, and earned my MBA. While in the process of earning the MBA, an opportunity opened up within my company, which was somewhat of a lateral move (a slight promotion) but focused on financial analysis, and I transitioned into corporate financial analysis, later becoming a senior financial analyst at a series of technology companies.

“Look deep within yourself and ask what it is that you really want to do – then think about the response and if it’s something you can reasonably pursue.”

Clinton Rodenfels Associate Director of Graduation Initiative, The University of Texas at San Antonio

Advice from Beta Gamma Sigma Members Lou Ann Fillingham (BGS 1987, Southern Illinois U. Carbondale) A change can be accomplished and can be rewarding.

However, it also can mean starting in a lower level position when first switching careers. A strong support network is helpful.

Clinton Rodenfels (BGS 1986, California State U., Long Beach) Talk to your loved ones and make sure that they understand and support your decisions. Ensure that you have the financial resources/savings to either make up for lost earnings or cushion the transition. Look deep within yourself and ask what it is that you really want to do – then think about the response and if it’s something you can reasonably pursue.

If possible, gain experience in the field you think you might be interested in pursuing. You may find that there are aspects of it you didn’t consider or that don’t meet your expectations. Talk to people in the field and try to really get to know what their motivations are and how well they enjoy their jobs. Forecast how much money you need to live in your chosen lifestyle and also what you’ll need for retirement, then ask yourself if the change will be able to support your financial goals.

Randal Heide (BGS 1988, U. of Tennessee at Knoxville)

ambitious people, this may sound like a non-starter, but I’m one of thousands, perhaps millions, who’ve learned that “what we want and what we need have been confused…”

Pat P. (BGS 1995, American U.) Understand yourself. Do soul searching – what is it you really want to do? Can you realistically achieve it given the resources you can draw on in the timeframe you’ll need to do it? If your choice requires more education, don’t be afraid to go back to school. As an older student you will have greater access to your professors because they know and appreciate the sacrifices you are making, and will bend over backwards for a good, motivated student. Talk to family and friends and get their support. But also talk to people who are already in your desired career to get a real sense of what will be expected. If you like what you hear, DO IT! Kathryn VanScoy (BGS 1995, San Jose State U.) If at all possible, try out the industry or type of position in which you are interested by doing volunteer work, gaining a temporary agency assignment utilizing your current skills, leveraging your network and other such methods. If the interest continues, research the credentials needed and begin the process of obtaining these credentials while continuing your present career. Be willing to start over in some sense, and learn from and acutely observe others for the success factors required in the new career or industry.

You bring much to the table from your prior experiences, but be sensitive in the timing of the introduction of these qualities and the corporate culture. Mastering the basics of the new career or industry is probably the first priority for the time being. Also, be ready to mourn your prior career if you really loved it. These feelings will fade with time as you focus on your exciting future.

Douglas J. Kawahara (BGS 1988, California State U., Long Beach)

I think you need to find something that fits with your values, as well as being in touch with something that excites you…If you are not going to be passionate about something then maybe you should be looking for something else. If you are not going to be passionate or enjoy it, it makes for a very dull life.

There are many students that go to a particular career because their parents are pushing it or it looks like the hot thing to do, but that’s not where their heart is.

My advice to anyone considering a career change is to first get past the surface reasons and examine the real roots of your dissatisfaction. Only then can you be sure a complete career change is a good tonic. If you do go for a change, you must be emotionally (and, if possible, financially) prepared for things to take much longer than you “First get past the surface reasons and examine the expect. Depending real roots of your dissatisfaction. Only then can you on what career you’re leaving and be sure a complete career change is a good tonic. If which you hope to enter, you should you do go for a change, you must be emotionally be prepared for (and, if possible, financially) prepared for things to both your current income and long-term take much longer than you expect.”

Randal Heide earning potential President, Mansion House Games to drop. For many bgs international exchange Fall 2008 www.betagammasigma.org 9

Career Change Tools for the Mid-Life Woman

by Ellen Ostrow Founder and Owner, Lawyers Life Coach LLC Career transitions at midlife are very different from those we make in our 20s and 30s. The recognition of our mortality diminishes the importance of status, success, money and meeting the expectations of others. At midlife we tend to reflect on the gap between the reality of our lives and the dreams we once had. We want the second half of our lives to be meaningful because we won’t get another chance.

Here’s a 14-step plan to make your career transition manageable and help you re-envision the second half of your life:

1 2 3 4 5

8

Determine if it’s Time for a Change

Are you bored by what you’re doing now? Do you feel unsatisfied even after you’ve accomplished something?

Have you lost interest in things that used to excite you? Do you wake up dreading the day about to unfold? Are your talents being squandered?

Of course, a career change is not the only solution when you feel like this. Sometimes you can make changes in your current job to make it more satisfying and meaningful. But if you feel as if you’re dragging yourself from one day to another, some kind of a change is probably necessary.

Write Your Mission Statement

Ideally, work is an expression of who we are. A meaningful and satisfying career meshes with our values, our talents and what is truly important to us.

Think of someone who is living the life you most envy.

What is it about her life that you wish were part of yours?

Write the eulogy you’d like someone to deliver for you.

What contributions would they say you’ve made to the lives of others and to the world?

Inventory Your Accomplishments

This is often very difficult for those of us taught not to brag. But affirming your valuable experience and successes helps ground you in your strengths and remind you of what you do well. It serves as a compass and provides refueling for the journey ahead. Write down all you’ve accomplished in all of your life roles. What a resume!

Inventory Your Competencies

List everything you do well. Ask others to share their perceptions of your strengths. Don’t restrict yourself to job tasks. If you’re particularly good at convincing your partner to do things your way, that’s evidence of your persuasive skills. Perhaps the big social event you organized showcases your leadership and organizational skills. Are you an effective manager of your family’s finances? Do people praise your analytical abilities?

Inventory Your Satisfactions

Just because you’re good at something doesn’t necessarily mean you find it satisfying. Do you get the greatest satisfaction from doing things that help others; from the process of working as a team with other people; from activities that produce tangible results?

10 bgs international exchange Fall 2008 www.betagammasigma.org

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9

Inventory Your Values

What matters most to you? Consider values like autonomy, altruism, creativity, power, financial gain, intellectual stimulation, leadership, affiliation, beauty and knowledge.

Make a List of the Things You Absolutely Love to Do

If money were not an issue, how would you spend your perfect day? Think of the physical settings you’d like to be in, the people you’d want to see and how you’d want to relate to them, the activities you’d engage in, the pace at which you’d move and whether you’d seek relaxation or excitement.

Gather Information

Once you have your list of accomplishments, competencies, values and passions, you can find careers that fit your personal description. Search the Internet.

Read the classifieds. Review the Occupational Outlook Handbook. Most colleges and universities have career libraries filled with descriptions of careers you’ve never heard of.

At this point in the process, your goal is to create a list of options, not to find the one “right” career. Include every job that intrigues you, regardless of whether you have the required skills for it. This is a brainstorming session. You want to generate possibilities in a non-critical way.

Do Informational Interviews

Talk to people who do the kinds of work you’ve identified as interesting. Call your alumni association for names of people to whom you can talk. Contact professional associations and ask your friends if they know anyone. Ask your potential interviewee if they’d be willing to spend some time with you, in a location of their choosing, discussing their work. Ask what it’s like to do their job, what they love and hate about their work, how they landed where they are, what they wish they’d known before they started.

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Narrow Your Focus

As you gather information, your focus will narrow naturally. When you’re down to just a few possibilities, research for details. Try volunteering or taking a shortterm, part-time position to see how your potential new career feels. Factor in how your life would change if you chose a particular career. Remember, you’re designing your life, not just job hunting.

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Learn New Skills

Identify what training or education you need to make you marketable in your chosen career. Think in terms of skills instead of credentials. Although degrees and licenses are required for some kinds of work, often you’ll just need to acquire or hone skills, and the best way to do this is through experience. Investigate internships and apprenticeships. Contact the nearest college or university to find out about adult education programs. Most schools offer special programs for returning women students, which have flexible schedules, prepare you for the classroom and help you find financial aid.

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TIME and RESPONSIBILITIES Most people are so consumed by their current job and responsibilities that they feel unable to make a career change. You may worry about jeopardizing financial security or reneging on your obligations to others.

These are valid concerns. But equally valid is the issue of what you owe yourself. Your second adulthood is your opportunity to turn your most important dreams into realities.

You can minimize conflict between meeting your own needs and those of others by giving yourself a relatively long time frame to make your career transition.

Set manageable weekly goals that represent small but consistent steps toward changing your career.

REACTIONS of FAMILY All systems, including families, resist change. Give your family members time to anticipate and adjust to changes. Midlife tends to be a time when we renegotiate our relationships at home as children move away.

Consider incorporating your career-change needs into your negotiations. Discuss the time and support you’ll need.

Define the boundaries you’ll need to set and anticipate things you’ll need to say “no” to.

The best way to get your family on board is to help them understand how important this change is to you.

Remind them how much more energy you’ll have to bring to your relationships once you’re invigorated by your work. Show them your short term goals and the results of your accomplishments. They’re more likely to show faith in you when they see you making progress. Be sure to let them know how grateful you are for their help.

FEAR Change is frightening for everyone. Sometimes we focus so much on what we stand to lose that we forget to consider all that we can gain.

List all the risks you’ve taken before. Vividly recall a time when you faced down a fear and the wonderful feeling when you overcame the barrier and did it anyway.

Imagine yourself successfully making this transition as well. See yourself in your new life. Since most of our fears are of the unknown, try to know as much as possible. Do research; get experience. Resist the temptation to reduce fear by avoiding the challenge. Instead try to accept and manage the fear. Remember, it won’t last forever.

Get Support

Making career transitions requires lots of emotional support. Try not to be afraid to admit your fears. Find good listeners who can give you honest, nonjudgmental feedback. Ask others about their experiences. Look for support groups at women’s career centers, adult continuing education centers, 40 Plus Clubs.

Most importantly, enlist your own support. Your commitment to make your career transition work is the most important factor in your success.

865-974-5033 E-mail: mba@utk.edu • mba.utk.edu bgs international exchange Fall 2008 www.betagammasigma.org 11

Going Back to School

history of leadership and management.

Commissioned as an officer in the U.S. Air Force upon her college graduation, she worked for three years as a civil and BGS Lifetime Members Give Back to the environmental engineer throughout the United States and the Community through The Broad Residency in Middle East. In this capacity, she was in charge of managing Urban Education multi-million dollar construction and remediation projects and led troops in support of Operation Southern Watch. Schreifer Many lifetime members of Beta Gamma Sigma have was then assigned to Officer Training School as an instructor, switched career paths for a variety of reasons (see related story where she trained and commissioned 98 future officers and on page 4). Some business professionals get to certain points in served as the executive officer for Air Force Officer Accession their careers and decide they want to make a difference in their and Training Programs, overseeing the education and training communities. One program that offers this opportunity is The of nearly 4,500 officers annually.

Broad Residency in Urban Education.

She commented on her commitment to education.

The Residency is a leadership development program that “The United States’ education system is far from perfect, places participants (primarily from the private sector) into but it has a dream attached to it,” she said. “A dream that full-time high-level managerial positions in school districts all children, regardless of circumstance of birth, family, and charter management organizations (CMOs) where they challenge, creed or gender, have innate potential and deserve can have an immediate impact on the education of America’s an opportunity for those abilities to be nurtured through students. education.

Margaret B. Angell (BGS 2005, Columbia U.) is a lifetime “Public education in urban centers needs passionate member of Beta Gamma Sigma who is working her way leaders dedicated to enabling these opportunities for students through the program. She has an extremely varied background, across the United States. I am excited to apply my business including participating in the U.S. Olympic Marathon Trials and leadership experience to open the world “Public education in urban centers needs passionate of possibilities to the lives of future leaders dedicated to enabling these opportunities for leaders.” students across the United States. I am excited to Simultaneous to the job placement, apply my business and leadership experience to open Broad Residents the world of possibilities to the lives of future leaders.” receive two years of professional Jill Schreifer development Special Projects Officer, Prince George’s County Public Schools and access to a nationwide network in 2004. She made a name for herself on Wall Street as an Continued on Page 13 investment banker for J.P. Morgan Chase, and she has three Ivy League degrees.

Now she’s made her way into education. Angell is a special assistant to the chief operating officer of Boston Public Schools, where she’s helping the school system expand its prekindergarten program.

“I love my job, and it’s the hardest job I’ve ever had,” Angell said.

Angell is one of the new leaders in education who, inspired by a sense of duty to help others, cut short their path to the upper offices of corporate America. These individuals bring a valuable management background that can potentially deal more effectively with the challenges of public education.

While earning her MBA at Columbia Business School, she participated in the inaugural class of The Broad Summer Residency program and spent 10 weeks with Boston Public Schools creating a “Registration and Assignment Handbook” to document the district’s process for enrolling students and assigning them to schools.

“Since 2001 I have been working with and studying public education,” she wrote on the Residency website. “When I began, I had a hunch that my three years in corporate finance and strategic planning could be useful in the field. Now I am convinced that the core skills I have worked to develop – finance, strategic planning, and project management – are necessary.”

Jill Schreifer (BGS 2005, Emory U.) is another lifetime member who is working through The Broad Residency program. In her online bio, it is clear Schreifer has a proven 12 bgs international exchange Fall 2008 www.betagammasigma.org

Looking for that perfect job?

Looking for that perfect employee?

Be sure to check out the Beta Gamma Sigma

Virtual Career Fair Presented by BGS CareerCentral September 15-28, 2008

This fall, Beta Gamma Sigma and BGS CareerCentral will be hosting a Virtual Career Fair, bringing our members, the “Best in Business,” together with the world’s top companies.

Here’s a list of the companies that have already registered: • • • • • • • • • • • • • • • • • • • • • • •

Ameriprise Financial AXA Advisors Beta Gamma Sigma, Inc. CBIZ Accounting, Tax & Advisory Services, LLC Censeo Consulting Group CHAN Healthcare Auditors Chick-fil-A Edward Jones Elsym Consulting, Inc. Enterprise Rent-A-Car GEICO Health Market Science The McGraw-Hill Companies MedHQ Murex NA Ltd. Northwestern Mutual Ochsner Health System PBM Products Qualcomm Stern Stewart & Co. Towers Perrin Tyler Technologies, Inc. Vanguard

®

For more information, go to:

www.betagammasigma.org/vcf2008.htm

bgs international exchange Fall 2008 www.betagammasigma.org 13

Networking with the “Best in Business” BGS Alumni Chapters – A Global Network of Business Leaders

Cleveland, Ohio, and Charlotte, N.C. are home to the newest BGS alumni chapters.

“Before founding the alumni chapter, I discovered that Northeast Ohio had a multitude of Beta Gamma Sigma members with diverse backgrounds in leadership positions,” said Paul Lebo, president of the Cleveland Area Alumni Chapter. “Forming the chapter has enabled the ‘Best in Business’ residing in the Greater Cleveland area to build a stronger and more mutually beneficial alliance of professionals.”

Wherever members of the BGS Board of Governors or BGS staff travel, especially if they journey to places not yet served by an alumni chapter, there’s an effort to bring together members for a networking reception. These are always appreciated, as members often don’t even realize that so many of their peers reside and work in their “back yard.”

One such reception will take place November 14 in Barcelona, Spain. Because members of the Board and staff will travel to Barcelona for a meeting, they have set aside time to bring together members in that area of the world.

Past gatherings have taken place in China, Germany and Hong Kong (which eventually led to the establishment of the Hong Kong Alumni Chapter, the first alumni chapter outside the United States).

Are you interested in networking?

Would your career benefit from the opportunity to interact regularly with accomplished professionals from a variety of companies in your geographic area?

Would “having a little fun” to go along with networking be a good thing?

If you answered yes to the questions above, Beta Gamma Sigma has a solution for you. Approximately half the lifetime members of the Society live in areas served

by BGS alumni chapters, so the real question is, have you taken advantage of the opportunities presented by the chapter nearest you? If not, check out the map and plan to get started.

Most of the alumni chapters have regular events scheduled, which consist of networking events, panel discussions, speakers, social gatherings, community outreach and much more. Thousands of members have taken part in events across the country (and around the world), and you should too.

“I am a firm believer that you should ‘blossom where you’re planted,’” said Thomas Schroeder (BGS 1989, Vanderbilt U.), a past president of the Atlanta Area Alumni Chapter and currently the chapter’s program chairman.

“I am a firm believer that you should ‘blossom where “What better way is you’re planted.’ What better way is there than to meet there than to meet the best in business, from the best in business, from all universities, who are also all universities, who are also planted and planted and thriving in the same community?” thriving in the same Thomas Schroeder community?”

Past President of the Atlanta Area Alumni Chapter The New York City Alumni Chapter is the Society’s oldest and largest. A major expansion of the The established chapters hold regular meetings – some Alumni Network program took place a decade ago, and the twice per year, some as many as once per month – and work number of official chapters has grown to 20. In addition, there to develop programming that is beneficial to the lifetime BGS have been members in numerous locations in the U.S. and members in the area. While they have done some outstanding around the world who have inquired about the possibility things, they often struggle with recruiting and retaining of getting members together for networking. Some of these leaders. include Raleigh-Durham, N.C., Portland, Ore., Oklahoma City, The reasons someone gets involved in a leadership role are Okla., Northeast Florida (Daytona Beach, Jacksonville), Beijing, varied. Schroeder was looking for a leadership project.

Singapore and Italy.

“Taking a leadership role in the Atlanta Area Alumni Chapter fit the bill perfectly,” he said. “There was need for new direction, the chapter was relatively new, and I wanted to try to build a leadership model that was easy to replicate for other chapters and future leaders of our chapter.”

For more information on the BGS Alumni Network Program, visit the BetaNet website at www.betagammasigma. org and click on “Alumni Chapters” on the homepage. This is another great benefit you’ve earned through your lifetime membership, so make plans to get involved today.

Beta Gamma Sigma has established 19 Alumni Chapters inside the United States plus one in Hong Kong. For more information about how to get involved with the Alumni Chapter in your area, go to www.betagammasigma.org/alumni.htm.

14 bgs international exchange Fall 2008 www.betagammasigma.org

Going Back to School (Cont. from Page 10) of education leaders. For those seeking a career transition into meaningful work, the program is a bridge to improve the chances of success. Upon completion of the program, 75 percent of participants continue to work in the same organization and 94 percent continue to work in education.

The Broad Residency in Urban Education program was founded in 2003. According to its website, the program has placed 140 mostly business-oriented career professionals in more than 35 major urban districts and charter management organizations.

In school districts, Residents report directly to the superintendent or a top cabinet member. In CMOs, Residents report directly to the CEO or COO. They are often tasked with leading major projects such as opening new schools, leading budgeting processes, increasing operational efficiencies and improving human resources. Residents’ positions vary widely, from assistant principal to director of strategic planning for human resources and business manager.

The Residency is designed for individuals with an advanced degree (master’s or higher), at least four years of work experience and a successful track record of leadership and/or management. Lifetime members of Beta Gamma Sigma can learn more about the program at www.broadresidency.org.

Resume Writing for Professionals Changing Careers

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Special member discount

Visit geico.com for your FREE, no-obligation rate quote and be sure to select Beta Gamma Sigma when asked for your affiliation. New customers save an average of $500 when they switch.

GEICO offers you: • Outstanding, round-the-clock service online or over the phone, even on holidays and weekends • Fast, fair claim handling • Money-saving discounts

To find out how much you could save, visit geico.com or call 1-800-368-2734 today.

Average savings amount based on national GEICO New Policyholder Survey data through February 2008. Discount amount varies in some states. Discount is not available in all states or in all GEICO companies. In New York a premium reduction is available. GEICO auto insurance is not available in Mass. One group discount applicable per policy. Beta Gamma Sigma is compensated for allowing GEICO to offer this auto insurance program to Beta Gamma Sigma members. Government Employees Insurance Co. • GEICO General Insurance Co. • GEICO Indemnity Co. • GEICO Casualty Co. These companies are subsidiaries of Berkshire Hathaway Inc. GEICO: Washington, DC 20076. GEICO gecko image © 1999-2008 © 2008 GEICO

by Peter Newfield, President of Career-Resumes.com Some managers and executives decide, when they re-enter the job market, that they’re not going for a position within their current industry. Instead, they want to jump ship entirely – strike out into new career territory.

But a standard reverse-chronological resume isn’t good for this scenario. Imagine you worked in consumer packaged goods, and you wanted to jump into the pharmaceutical industry, for example. What would a drug company hiring manager do with a resume where the first thing on it talks about your work in breakfast cereals?

That’s why the functional resume is best for mid-career changes. Rather than focus on a specific job or industry, it puts the focus on your skills and results.

And it gives you the chance to draw a clear line for the hiring manager – the line that connects your abilities to their needs, regardless of the specific tasks of your old job and the tasks of the new one you want.

And if you think it’s the hiring manager’s job to recognize the value you could bring to the table, think again. They’ve got dozens or even hundreds of resumes to go through. Make it as easy for them as possible to get the picture. Use their own words – pick them up from job postings, their websites, and even their blogs if they’ve got them.

It’s not exactly an uphill battle to make a complete industry and career change, but it certainly adds an extra wrinkle to consider when you start writing your resume. To go back to some of the always-applicable advice, put yourself in the hiring manager’s shoes and ask yourself, “What does he or she need to hear to take the next step with me?”

Make it easy for them, and they’re more likely to make it easy for you.

Attention BGS Members: Don’t miss a single issue!

Because of increases in postage costs, print editions of the BGS International Exchange will no longer be mailed to our entire membership.

Make sure you are on the permanent mailing list for every single new issue!

Send an email containing your current mailing address to: subscriptions@betagammasigma.org

bgs international exchange Fall 2008 www.betagammasigma.org 15

In conjunction with the Society’s Virtual Career Fair, September 15-28, 2008, Beta Gamma Sigma presents the Virtual Graduate School Fair, a unique opportunity for the Society’s members to learn more about some of the world’s best graduate programs in business. Whether you are a new graduate or an established professional looking to further your education, this is a great opportunity that you won’t want to miss!

Here’s a list of the schools and organizations that want to recruit Beta Gamma Sigma members into their graduate programs: • W. P. Carey School of Business, Arizona State University • Sam M. Walton College of Business – Graduate School of Business at the University of Arkansas • Baruch College / CUNY, The Zicklin School of Business • Hankamer Graduate School of Business, Baylor University • Boston College, Carroll School of Management • Boston University School of Management • Bryant University Graduate School of Business • University at Buffalo MBA Program • UCLA Anderson School of Management • University of California, Riverside • Tepper School of Business, Carnegie Mellon University • University of Central Florida, Graduate Business Programs • Clark University Graduate School of Management • Fairfield University, Charles F. Dolan School of Business • Fordham University Graduate School of Business Administration • Georgetown University, McDonough School of Business • University of Georgia, Terry MBA Programs • The Graduate Management Admission Council (GMAC) • IE Business School • Illinois MBA, University of Illinois at UrbanaChampaign • University of Iowa • Iowa State University MBA program • University of Kansas School of Business • Kent State University, College of Business and Graduate School of Management • Louisiana State University Flores MBA Program • Loyola Marymount University • Marist College • Eli Broad Graduate School of Management, Michigan State University • Bryan School of Business & Economics at The University of North Carolina at Greensboro

• Graduate School of Business Administration, Northeastern University • Graduate School of Professional Accounting, Northeastern University • Fisher College of Business – The Ohio State University • University of Oklahoma, Price College of Business • College of Business and Public Administration, Old Dominion University • Penn State University/Smeal College of Business, MBA Program • Penn State Great Valley School of Graduate Professional Studies • Graziadio School of Business and Management, Pepperdine University • The PhD Project • Queen’s School of Business • Rensselaer Polytechnic Institute, Lally School of Management & Technology • Simon Graduate School of Business, University of Rochester • John Cook School of Business, Saint Louis University • University of San Francisco Masagung Graduate School of Management • Moore School of Business at University of South Carolina • University of South Florida MBA Programs • Cox School of Business at Southern Methodist University • Stanford Graduate School of Business • Syracuse University, Whitman School of Management • Fox School of Business - Temple University • Mays Business School, Texas A&M University • TCU Neely School of Business • Rawls College of Business - Texas Tech University • Thunderbird School of Global Management • Tulane University, Freeman School of Business • Villanova School of Business • Virginia Commonwealth University School of Business • Washington State University • Willamette University, Early Career MBA, MBA for Professionals

E. J. OURSO COLLEGE OF BUSINESS Flores MBA Program

For more information go to: www.betagammasigma.org/vgsf2008.htm

We look forward to seeing you online September 15-28, 2008.

TEXAS TECH UNIVERSITY

Rawls College of Business

MBA

This fall, Beta Gamma Sigma will unveil the new BGS Center for Ethical Business Leadership. As lifetime members, the Society wants you to get the first peek. If you’ve got an active email on file with the Central Office, we’ll let you know when the new Center is up and running.

So, what is the BGS Ethical Business Leadership (EBL) Center?

Over the past several months David Blake, chair of the BGS Board of Governors’ EBL Task Force, other members of the Board, and BGS staff members have been traveling the country interviewing CEOs, presidents, ethics and compliance officers and others. The Society has been talking to these professionals to discover the different ways they have established, maintained, and expanded ethical cultures within their organizations.

The BGS Center for Ethical Business Leadership will house these interviews – many with video, others with written transcripts only – as well as a library of other resources provided by companies of all sizes. The goal is to find out about good practices that have worked. There aren’t necessarily “right” and “wrong” answers, but different ways companies are developing and promoting the kinds of leaders who incorporate ethical leadership into their business practices.

The Society’s goal is to make available a warehouse of good information that professional alumni members, student members, faculty, the media, corporations of all sizes, and many others find useful. As companies build integrity and ethical leadership into their organizations, Beta Gamma Sigma wants to be a primary source for that development. As the honor society made up of “the best in business,” this is a worthwhile effort indeed.

Some examples of EBL interviews conducted by the Society so far: • Kenneth Bartee, President, ManTech MBI • Mike Bidwell, President and COO, The Dwyer Group • Steven Boehm, Executive Vice President, Card & Payment Solutions, Wachovia Corporation • Dan Cathy, President and COO, Chick-fil-A • Douglas Conant, Presesident and CEO, Campbell Soup Company • Robert Corcoran, Vice President of Corporate Citizenship, General Electric; President of the GE Foundation • Willie Deese, President, Merck Manufacturing • Charles Eitel, Chairman and CEO, The Simmons Company • Maribeth Herod, Vice President, Enterprise Program Office, Freddie Mac • William V. Hickey, President and CEO, Sealed Air Corporation • Lee McAllister, President and CEO, Weaver Investment Companies • Amy McPherson, Executive Vice President, Global Sales and Marketing, Marriott International • Anne Mulcahy, Chairman and CEO, Xerox • Glenda Schwarz, General Auditor and Chief Ethics Officer, ConocoPhillips Company • Victoria Sweeney, Principal, Ethics and Compliance, KPMG • Michael Thomas, President, Global Security Solutions, Lockheed Martin • Robert Turner, Chairman and Chief Investment Officer, Turner Investment Partners

Lifetime Members on Ethical Business Leadership Beta Gamma Sigma has surveyed parts of its membership several times over the past few years. With the development of the Ethical Business Leadership initiative, the Society in March 2008 asked a random, crosssection of members several questions related to ethical leadership. In addition, this summer the Society surveyed a set of recently inducted members – juniors who have since returned to school – on a variety of subjects including Ethical Business Leadership.

While many of the results were similar, there were a few interesting differences in responses. Each group was directed by email to respond to a series of questions electronically.

When asked whether the ethical climate in business has worsened, improved or stayed the same since the days of Enron, the overall BGS membership (we’ll call them pros) were more conservative in their thoughts, with 56 percent responding that the ethical climate had improved greatly or

Since the debacles of 5% Gotten Enron and WorldCom, Somewhat Worse BGS Members feel the ethical climate in American business has:

1% Become Much Worse 4% Improved Greatly

Source: BusinessWeek Survey Research March 2008 Survey of BGS Members at all Age / Professional Levels

37% Remained the Same

52% Improved Somewhat

somewhat. By contrast, the newly inducted student members (we’ll call them students) were much more positive, with 77 percent responding that the climate had improved greatly or somewhat.

When asked to choose the attributes of an ethical leader, “Honest and fair” was No. 1 for both groups and “Is able to lead by example” was No. 2 for both. The pros cited “Inspires trust” as their third most important attribute, while the students chose “Has the knowledge to judge and act prudently.”

When it came to one’s willingness to perform the “whistleblower” function – call out an employer that has engaged in a terrible ethical breach – members of Beta Gamma Sigma were universally strong. Nearly 80 percent of the pros and 90 percent of the students felt they would assume the role of whistleblower if necessary.

Pro and student members agreed when asked if they would consider a future employer’s ethical record / reputation before accepting a position.

Nearly all those surveyed (97 percent of the pros and 99 percent of the students) said this was very or somewhat important to them.

The pros were asked about the ethical culture of their current employers. The majority of respondents felt good about their employers’ commitment to creating and maintaining an ethical culture. More than 70 percent believe that their employer has an “excellent track record of leading ethically.” Similarly, approximately 80 percent said, “My company’s leadership encourages all workers to help foster an ethical culture.”

By contrast, there were some troubling results that show members feel there are challenges. For instance, more than 30 percent of the pros strongly or moderately agree that their company’s leadership has been inconsistent in its handling of ethical dilemmas. In addition, 30 percent of pros thought their companies did not provide them with adequate training to effectively handle ethical dilemmas at work.

Among students training to be future business leaders, 64 percent said a Business Ethics course is part of their baccalaureate program. In addition, more than 90 percent said ethics is incorporated into their business classes. bgs international exchange Fall 2008 www.betagammasigma.org 17

Gifts from Friends Beta Gamma Sigma gratefully acknowledges the support of the following individuals, as well as the organizations listed on page one. Without this assistance, the Society would be unable to continue adding value to the lifetime membership.

Chairman’s Board $2,000 - $4,999

Business Achievement Award Joseph W. Moeller Columbia University Mace Siegel Oklahoma State University Sara M. Freedman University of Rhode Island James A. Viehland

Directors’ Table $1,000 - $1,999

University of California, Irvine David H. Blake University of Georgia Ogden O. Allsbrook The University of Iowa Margaret Macomber Wendt Instituto Tecnologico Autonomo de Mexico (ITAM) Carlos A. Monroy Jacksonville State University Carl W. Gooding Loyola Marymount University John T. Wholihan North Carolina A&T State University Bernard J. Milano The University of North Carolina at Greensboro James K. Weeks Oregon State University Donald F. Parker University of Pennsylvania John C. Hanson University of Pittsburgh Donald R. Beall Purdue University Jerry S. Rawls Tulane University Darwin C. Fenner Valdosta State University Kenneth L. Stanley

President’s Cabinet $500 - $999

University of Alabama Marinda J.C. Wood Baruch College–CUNY William H. Shron Baylor University Tim D. Brewer University at Buffalo–SUNY Paul F. Eckel California State University, Chico Henry W. Wright College of Charleston Guy E. Beatty Duquesne University James M. Zillian Eastern Illinois University Jack Schultz Indiana University Christopher T. Winkler University of Iowa William C. Hunter University of Kansas Larry D. Horner Michigan State University Bruce D. Bottomley Northwestern University Ernest C. Styberg Purdue University Dennis J. Weidenaar San Diego State University Monty W. Dickinson Seattle University Gary P. Brinson Washington University Robert E. Markland Western Carolina University James A. Valkenaar, Jr. Western Illinois University Vicki C. Klutts Willamette University James W. Bernau

Dean’s Club $250-$499

Appalachian State University Betty S. Carreiro University of Baltimore Barry A. Benz Baruch College–CUNY Murray H. Neidorf Boston College Bennett Soo Yee Bowling Green State University Michael W. Hoffman University of California at Berkeley Marc J. Desoer Herbert G. Meyer California State University, Long Beach Susan L. Volmer Clemson University John Patrick Harman

University of Connecticut George G. Roller Fairleigh Dickinson University William C. Kulkens University of Hawaii Arlene Cabalce Indiana University Martha Alsen Atherton Lehigh University Paul Caster University of Massachusetts George P. Shea The University of Michigan Philip L. Smith Michigan State University Craig D. Brown University of Minnesota Thomas J. Wilford Nicholls State University Richard Barker III North Carolina A&T State University Quiester Craig University of Notre Dame Jeffrey W. Yingling Ohio University Albert J. Weatherhead III University of Oregon Eugene E. Holt Oregon State University Ken Austin Seton Hall University Jamie A. Uitdenhowen Shippensburg University Brad McMullen University of South Alabama Donna L. Conner University of Southern California Doreen Lee Gee Southern Methodist University Robert E. Henderson Cher E. Thomas Jacobs The University of Texas at Arlington Julie M. Kilchenstein The University of Texas at Austin Glen A. Rosenbaum Texas Tech University Ray L. Robbins Tulane University Lance B. Young University of Vermont Rocki-Lee DeWitt Washington University John P. Wareham

Century Club $100 - $249

University of Akron Michael J. Berthelot David Leshner University of Alabama Whit Armstrong Herbert A. Barr Jeffrey S. Demond Margaret E. Hudson Gregory B. Jones Maurice F. Kahlmus James P. Tate III University of Alabama at Birmingham Jeffrey I. Stone University of Alaska Anchorage Donna M. Conrad University of Arizona Bruce C. McAlister Catherine A. Yeager Arizona State University Jeffrey A. Brower Wendell Ferguson Sheila M. Kidwell Thomas L. Legler Donald R. Morriston University of Arkansas Richard M. Bushkuhl Sheila Counihan John W. Ingraham Anne Harris Larew David R. Malone Julia Peck Mobley Robert P. Taylor University of Arkansas at Little Rock Susan G. Rogers Ball State University Kara Y. Hoover Lenox Philip H. Sprowl Baruch College–CUNY Anthony K. Adjei Wayne Danson Harry A. Hamill William J. McCarron Edwin B. Morris Dr. & Mrs. Samuel G. Ryan, Jr. Edith Sands Jerome A. Seidman Baylor University Sally M. Delbeccaro Robert A. Fitz Reese L. Harrison, Jr.

Boise State University Sharon E. Nielsen Boston College James R. Kearnan Boston University Michael T. Bloom Harvey A. Creem Robert C. Gorin Gregory E. Hudson Nathan M. Matz Bowling Green State University John W. Fisher June Nenadal Yusko University of Bridgeport Rita A. Galgano Brigham Young University Don Scheer University at Buffalo–SUNY Jack L. Bentley Sherman A. Cox Daryl R. Nitkowski University of California at Berkeley Leonard Alfred Aplet Arthur E. Johnson Harold E. Kren Leland E. Leisz Carter C. Miller Ira K. Vantress, Jr. University of California, Irvine Cabell Cobbs II University of California, Los Angeles J. Kenneth Clancy Irwin S. Field Al A. Finci Bernard D. Fischer Irwin D. Goldring Raynor J. Klaris Ridgway L. Pope Ross E. Roeder C. William Winkler, Jr. California State University, Fresno Linda J. Wojciechowski California State University, Fullerton David W. Armbruster Andrea M. Evans James Clarence Pieschel California State University, Long Beach David S. Parkin California State University, Northridge William R. Hollinger Canisius College Reginald B. Newman II Jeffrey G. Wagner Case Western Reserve University Marguerite Burton Humphrey Henry Ott-Hansen University of Chicago Melvin L. Leutkens, Jr. University of Cincinnati Hugh H. Hoffman Claremont Graduate University Denise Bickerstaff Clark Atlanta University Hubert D. Glover Clark University Claire Maday-Travis Dawn Murphy Clemson University Marvin J. Pinson, Jr. Cleveland State University Linda H. Rogalski The College of William & Mary Hays T. Watkins University of Colorado Robert S. Graham Katherine L. M. Hart Edward C. Mitchell Colorado State University Richard L. Robinson Columbia University Carl E. Favelukes Cyril H. Hermele Earle W. Kazis Paul Morimanno Diana Mary Sattelberger Washington Sycip Bartholomew J. Tortella Concordia University Gary Germeil University of Connecticut Robert C. Burrill Dolores Jeanne Katzenberger Creighton University Bryan K. Brown University of Delaware Norma T. Clayton Judith Ann Schabel University of Denver Allan Gemmell Lowell A. Hare John S. McCatharn

18 bgs international exchange Fall 2008 www.betagammasigma.org

DePaul University Thomas E. Deming James T. Schaefer University of Detroit Mercy Kathleen Dul Aznavorian Charles R. Boulton Peter T. Swallow Drexel University Kathleen M. Kiernan Duquesne University Rebecca L. Hannan Saul Weitz East Carolina University Allan K. Shores Kimberly J. Shores Eastern Michigan University Richard H. Moran Emory University Susan Kornblatt Eaglstein John W. Spiegel University of Florida John C. Appel John J. Slaboch Florida Atlantic University Eric H. Shaw Florida State University Charles N. Keye David C. Williams Fordham University Gregory C. Papalexis Diane Kalkbrenner Turner James R. Weldon Francis Marion University Frank H. Avent George Mason University Carol Shapiro George Washington University John M. Cibinic Mary M. Lewis Christine Piorkowski Philip D. Reiff Georgetown University Robert J. Almerini Jeffrey P. Travers Georgia Southern University Mary F. Hazeldine Lewis M. Stewart Georgia State University W. Daniel Barker Helen M. Blanchette University of Hawaii Takeo Maruyama Alan M. Yamashiro Hofstra University Janet R. Cordano University of Houston Marilyn M. Falkenhagen Kenneth Yale Rosenzweig Elizabeth C. Starkey University of Illinois at Chicago Dennis W. Baker Mary Smoley Blust University of Illinois Ronald J. Domanico Thomas W. Hough Thomas B. Sleeman Indiana University Donald C. Danielson William D. Fischer David E. Greene E. Jan Hartmann Thomas S. Hoelle W. Stanley Stuart Mervyn R. Thede Barbara S. Wood Indiana University - Purdue University at Fort Wayne Susan M. Hinds The University of Iowa Victor W. Wilson Kennesaw State University Vishwa Mohan Kumar University of Kentucky Linda Ford Lehigh University Sandra Goldfarb Aimee P. Jalazo University of Louisiana at Monroe Saul A. Mintz Louisiana State University Virginia J. Kahnt Loyola College in Maryland Stephen R. Hertel Loyola University Chicago Craig Granville Musgrave Gerard A. Swick Kenneth R. Weigand Loyola University New Orleans Brandt J. Dufrene, Jr. Marquette University Keith O. Hanson Dale Norman Hoemke Lois A. Smith University of Maryland Robert H. Carmack Morton H. Offit Louis I. Rosen Neil Spiegel University of Memphis Patricia M. Dick

University of Miami George M. Corrigan Mary V. Fisher The University of Michigan A. P. Bartholomew, Jr. Steven R. Point Gail L. Richmond Richard C. Slayton The University of Michigan– Dearborn Deborah Huet Michigan State University Dennis W. Duquette Robert E. Gerrie Edward E. Hagenlocker Douglas M. Klein Richard J. Lewis Philip E. Lippincott Alexander C. McKeen Ronald J. Patten Ronald A. Smith Stephen P. Stonestreet University of Minnesota James B. Dagnon Duane R. Kullberg University of Mississippi Lee W. Randall University of Missouri–Kansas City Richard S. Loraine University of Missouri–St Louis Gary D. Rodenberg Montclair State University David C. Zimmerman University of Nebraska– Lincoln Alan D. Chunka University of Nebraska– Omaha M. Gene Newport University of Nevada, Reno Richard A. Cable University of New Orleans Charles E. Price New York University Joseph E. Adiletta Mario P. Borini Alice R. Buedden Walter A. Buri Stuart S. Flamberg Bud Mayo Sanford J. Moster Warren D. Schaub Peter Simigan Steven B. Wolitzer Stephen Zolotow New York University–Graduate School Joyce Albers-Schonberg Matthew Todd Feldman Pamela S. Jacobson Gunda E. Vesque Barry N. Winograd Norfolk State University Santosh K. Choudhury North Carolina A&T State University Bowman K. Burton The University of North Carolina at Chapel Hill Alan B. Flaschner The University of North Carolina at Wilmington Joan Cecile Williams University of North Florida Richard Dana Palmer Northeastern University William F. Krock Baker A. Smith Lorraine P. Steele Northern Arizona University Douglas P. Busch James O. Carnes Northern Illinois University Denis M. Desmond Northwestern University Edward C. Messinger University of Notre Dame Leo V. Ryan John A. Smigelsky, Jr. Thomas S. Taylor Robert M. Tobben Oakland University C.S. Bud Kulesza George H. Seifert The Ohio State University Stephen J. Hopkins Philip E. Mark John L. Marshall E. A. McClintock James G. McMillan Charles Plum Press C. Southworth III Dennis G. Thornbloom University of Oklahoma Shelle G. Lutke Elizabeth K. Willard University of Pennsylvania Michael Freeman Barry Michael S. Blechman Robert C. Nevin

GENEROUS DONORS SUPPORTING BETA GAMMA SIGMA July 16, 2007 to July 15, 2008 Pennsylvania State University Brian S. Dull John T. Fogarty Benny Hua-Ben Miao James B. Miller University of Pittsburgh Donald H. Peters Joanne M. Shore Robert R. Zahm University of Portland Craig Christenson Portland State University George E. Miller University of Rhode Island Louise A. H. Bookman University of Rochester Ramachandra Bhagavatula Gary P. Johnson Rochester Institute of Technology Edwin J. Carroll III Roosevelt University Donald H. Ho Fung Rutgers- The State University of New Jersey Camden Jennifer Lynn McKinney Rutgers - The State University of New Jersey Newark Harold Haddock, Jr. Samuel J. Sirota Richard D. Whitehead Saint Joseph’s University David W. Turner San Diego State University Debra A. Ernst Carla M. Kuhns Charles M. Medvitz University of San Francisco David R. Dull George W. Parkerson San Jose State University Dave L. Coles Santa Clara University Mark Jon Bluth Robert J. Emmons John Fabbro John L. Fetter David W. Gervais Santa Clara University Anthony J. McKeon Mary Dana Niemiller Seattle University William B. Gavin University of South Carolina Gloria Cook University of South Florida Darrell J. Ferrigno Lois A. Sorensen University of Southern California Edward M. Casselman Frank J. Dinoto Jay H. Grodin Terrence O. Hughes Gustavo E. Paladines Jason White Southern Illinois University Carbondale Roy A. Causey Southern Illinois University Edwardsville Deborah Louise Johnston Southern Methodist University Gary A. Feather Christopher C. Loy University of Southern Mississippi Harold C. Brashears St. John’s University Iris Altilio Vivien M. Hegarty Saint Louis University David A. Gardiner Suffolk University Susan O. Olivier Susquehanna University Raymond C. Lauver Syracuse University Gustav J. Braun Walter W. Hemming Frederick H. Weeks Temple University Russell U. McLaughlin Stephen H. Morris George W. Morriss Gary Mozenter John W. Wilchek Texas A&M University David E. Hairston The University of Texas at Arlington Joe Foster Mark C. Hensel, Jr. Susan Marie Williams The University of Texas at Austin Donald R. Broadland Susan Bonner Mead Allen R. Pierce Carol A. Shepherd Texas Tech University Barbara Ann Frankhouser

University of Toledo Borge R. Reimer Tulane University Marie D. O’Neill University of Tulsa Nancy B. Quigg-Young University of Utah Francis A. Madsen, Jr. Valdosta State University W. Ed Crane Villanova University John J. Brucato University of Virginia Derwood S. Chase David E. Houseman Scott C. Withrow Virginia Polytechnic Institute and State University James A. Angell Hermann Burger James A. Hixon Edward M. Mazze James E. Pearman, Jr. John G. Rocovich, Jr. John E. Wilson University of Washington Philip R. Bogue Philip B. Hartley Washington & Lee University Reid T. Campbell Washington University Howard E. Lovely Maria W. G. Schweizer Henry L. Seifert Joe E. Strawn John K. Wallace Wayne State University Debra L. Bernstein Gustaf A. Stinstrom West Virginia University Richard Meredith Gardner Russell L. Isaacs Western Michigan University John Blakeman McKay Quenten T. Wilber Winthrop University Martina Benedikovicova University of Wisconsin– Madison James Fetek David Geraldson Daniel L. Goelzer James F. Kress Thomas G. Ragatz Robert Roemer Anton T. Vanek, Jr. University of Wisconsin– Milwaukee Lea E. Grunig Carlen Ann Schenk Tara L. Zerby University of Wisconsin– Oshkosh Larry R. Koeppen Wright State University William M. McCullough, Jr. Xavier University James Satkoski Youngstown State University Betty Jo Licata

Matching Contributions

Amsted Industries Foundation Marilyn Franson Aetna Foundation Joseph T. Doyle Axa Foundation Anton T. Vanek, Jr. The Black & Decker Corporation Brad P. McMullen The Duke Energy Foundation Stephen P. Schulz GE Foundation Walter Peters Laura Salma Deborah Wight Donald Wrhel Intuit Foundation William B. Hollis JP Morgan Chase Foundation Iris Altilio John Brkljacic Law School Admission Council Jerry Goldman Minneapolis Foundation Shawn Cheesman Morgan Stanley Paul Baeske Pfizer Foundation E. Thomas Thurber United Way Tocqueville Society Mark Vergnano Verizon Stanley Kuenn Arthur Schmidt Washington Mutual Amy C. Stanton

Thank You!

FOR YOUR GENEROUS SUPPORT

The Mission of the International Honor Society Beta Gamma Sigma is to encourage and honor academic achievement in the study of business, to foster personal and professional excellence, to advance the values of the Society, and to serve its lifelong members.

Your generous gifts help Beta Gamma Sigma fulfill its mission by funding the Society’s programs and services, including: • BGS Scholarships • Alumni Chapter Program • Student Leadership Forum • BGS International Exchange • BGS CareerCentral • Collegiate Chapter Training • Ethical Business Leadership • And many, many more!

Help your Society fulfill its mission:

www.betagammasigma.org/ donate.htm

BGS CareerCentral is the only job search site exclusive to Beta Gamma Sigma members. It’s the place the world’s top businesses go when they are looking to hire the “Best in Business.”

Beta Gamma Sigma Scholarship Recipients More than $140,000 in Beta Gamma Sigma Scholarships were awarded to outstanding business students in 2008. The Society congratulates this year’s scholarship recipients, and thanks all those who contributed to the program.

A complete list of this year’s Beta Gamma Sigma Scholarship recipients is available online at:

www.betagammasigma.org/scholarshiprecipients08.htm

Beta Gamma Sigma, Inc. 125 Weldon Parkway Maryland Heights, MO 63043-3101 www.betagammasigma.org bgshonors@betagammasigma.org (314) 432-5650

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