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COLLEGE OF BUSINESS MAGAZINE
LOYOLA UNIVERSITY NEW ORLEANS
FALL 2010
From Farm to Market Local MBA Team Takes Home “Best Consulting” Trophy
THE BUSINESS PORTFOLIO PROGRAM PREPARES STUDENTS FOR SUCCESS • STUDENT INVESTMENT FUND YIELDS BIG DIVIDENDS SPIRITUAL CAPITAL LEADER HONORED FOR SERVICE • NEW GRADUATES BEGIN LIFE AFTER COLLEGE
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LOYOLA UNIVERSITY NEW ORLEANS Loyola University New Orleans President
The Rev. Kevin Wm. Wildes, S.J. College of Business Dean
William Locander Director, Portfolio & Internships
Kathy Barnett Associate Dean
Angie Hoffer Development Officer College of Business
Traci Wolff Loyola Executive Editor Publications Editor
Ray Willhoft ’00 Loyola Executive Designer
Craig Bloodworth Photographer
Harold Baquet Contributors
Kathy Barnett William Locander
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COLLEGE OF BUSINESS MAGAZINE LOYOLA UNIVERSITY NEW ORLEANS FALL 2010 • VOL.3 • NO.2 • WWW.BUSINESS.LOYNO.EDU
COVER FOCUS 6 From Farm to Market
FEATURES 10 The Missing Link? The Business Portfolio Program 12 Students Investing in Other Students 14 Seeing Through Merlot-colored Glasses 18 Surviving and Thriving 20 A Man for Others 26 Life after College in Hong Kong and Jackson Square Loyola Executive is published bi-annually for Loyola University New Orleans College of Business alumni and friends. Please address correspondence to: Loyola Executive Office of the Dean 6363 St. Charles Avenue, Box 15 New Orleans, LA 70118 News and photographs for possible use in future issues may be submitted by readers. POSTMASTER: Send address changes to: Loyola Executive Loyola University New Orleans 7214 St. Charles Avenue, Box 909 New Orleans, LA 70118 Loyola University New Orleans has fully supported and fostered in its educational programs, admissions, employment practices, and in the activities it operates the policy of not discriminating on the basis of age, color, disability, national origin, race, religion, sex/gender, or sexual orientation. This policy is in compliance with all applicable federal regulations and guidelines.
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Never before in history have political, economic, social, and cultural changes had such truly global significance. Your continued support ensures that our students remain at the center of these exciting changes. Please contribute today to the College of Business Annual Fund. One gift, no matter the size, each and every year— thank you for being
.
Visit giving.loyno.edu or call us at (504) 861-5840 and give to the College of Business Annual Fund today.
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From the Dean This issue is full of choice tidbits about all the activities in the College of Business. We, as a college, are particularly proud of our New Orleans-area MBA Team that tied for first place with Cornell University in the Nation’s Top Talent for Entrepreneurship Festival and Competition. Our undergraduate student investment fund continues to out-perform the market as our students try to make money in tough times. The new Center for Spiritual Capital was launched with a banquet honoring Mr. Alden J. “Doc” Laborde for his distinguished career as an entrepreneur and leader. It was a grand evening with more than 200 people in attendance. The evening was truly a celebration of Doc’s career and the induction of the concept of Spiritual Capital. Our graduating Class of 2010 took jobs close to Loyola and far away—like Hong Kong. As our students move around the globe, I know that they will represent us as ethical stewards, whatever career path they come to choose. Lastly, don’t miss the story on our Portfolio Program—the “Missing Link.” The College of Business is implementing this program to prepare students for finding and excelling in a job after graduation. Enjoy the photos from our Annual CoB Alumni Luncheon, Annual CoB Spring Picnic, May Awards Ceremony, and the Senior Reception for the College of Business graduates. Sincerely,
William B. Locander, Ph.D. College of Business Dean
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From Farm to Market John Burns, a local New Orleans entrepreneur, credits much of Jack and Jake’s Local and Organic Market’s recent startup strategy success and momentum to an MBA team made up of Loyola University New Orleans, Tulane University, and UNO students. The local MBA team claimed first place along with Cornell University at this invitation-only entrepreneurship consulting competition. An honor indeed because the list of also rans included MBA teams from California Berkeley, Northwestern, Stanford, and the University of Chicago. The competition was hosted by Idea Village, a New Orleans
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nonprofit that promotes, encourages, and fuels entrepreneurship in the city. The team was tasked with providing business strategy and consulting services to Jack and Jake’s Local and Organic Market. Jack and Jake’s bills itself as the future of sustainable foods in New Orleans. The new market, at 8300 Earhart Blvd., will fill a void in the Carrollton/Hollygrove area for fresh, local, and organic food markets. And if you’re thinking that the name of this new and innovative enterprise is simply derived from the two founders’ names, well, you would be wrong. Jack and Jake were actually the two mules that were part of the first plow team on one of the
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Local MBA Team Takes Home“Best Consulting” Trophy founder’s old family farms. A piece of history lives on. The local New Orleans team that walked away with one of the top spots was mentored by Dr. Brett Matherne, the Loyola Chase Minority Entrepreneurship Distinguished Professor. The MBA team delivered an Operational Plan that enabled Jack and Jake’s to bring produce from local vegetable farms to their retail store in just three days. Other grocery chains deliver in 7 to 14 days. What distinguished the local MBA team was their detailed knowledge of the entire value chain and the associated operational logistics (warehousing, transportation, information flows, operating expenses, etc.).
When the judges drilled down with questions, the team was ready with accurate answers. Students designed a system of warehousing that minimized terminal time and tracked inventory throughout the entire system with the appropriate sourcing grower and farm. Figure 1 shows their warehouse to routing store system. The warehouse system was strategically designed as a significant component of the plan. So successful was the MBA design that Jack and Jake’s founders were able to use the model to find a better, more efficient warehouse space that they had not originally considered viable. Matherne attributes the team’s success to the fact that “Idea Village provid-
Figure 1 Fall 2010
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ed our local MBA Experiences such as students the opportuthis one provide stunity to participate in dents the opportunity this nationally recogto apply what they “Idea Village provided our local nized event with very have learned in the MBA students the opportunity to high profile entrepreclassroom to realparticipate in this nationally neurs. Our local world business operarecognized event with very high MBA students took tions. Kelly Spear, advantage of that another Loyola MBA profile entrepreneurs. Our local opportunity to show team member, said MBA students took advantage of that they cannot only that the most valuthat opportunity to show that they able part of the projcompete with MBA cannot only compete with MBA ect for her was to students from the students from the best programs experience first-hand best programs nationthe vast amount of ally, but that they nationally, but that they can win work that goes in to can win in a head-toin a head-to-head competition.” overseeing a start-up, head competition. —Dr. Brett Matherne, or any other business. They were truly Chase Minority “The amount of inforentrepreneurial in Entrepreneurship mation and detail seizing this rare Distinguished Professor required in succeedopportunity.” According to Loyola MBA and ing in such an enterprise is something I’ve Student Team Leader Christynn Vierra, caught glimpses of from my work experiwho engineered the local teams’ ence and classes but I have never before involvement in the event, MBA teams experienced a project of this intensity.” The old adage often repeated by mothspent 40 hours working together with approximately 10 hours spent on group ers to “eat your veggies, they are good for preparation time. Students also worked you,” takes on real meaning for shoppers at prior to the event week with the entre- Jack and Jake’s. Fresh vegetables from the preneur in order to complete the neces- garden are really good for you, and we can sary preparation research. thank our local MBA team for providing Entrepreneurship Week included several us that opportunity. social events and workshops where stuCongratulations go to all of the Loyola dents had the opportunity to engage MBA students who participated in with other graduate students from Entrepreneurship Week: Brian Danos, around the country and distinguished RaShaud Haines, Michael Pitre, Barrow individuals from both government and Reedy, Kelly Spears, and Christynn Vierra. private sectors.
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Dr. Brett Matherne brings an entrepreneurial spirit to the classroom Those who know Brett Matherne, Ph.D., Chase Minority Entrepreneurship Distinguished Professor, describe him as an innovative, entrepreneurial, and devoted teacher. The journey to earn such descriptors took Matherne through years of working in his family’s business and as a commercial banker. But, the itch to reinvent himself was satisfied when he and his wife, Yvonne, decided to return to the Ph.D. program in business administration (strategic management) at Georgia State University in 2004. A few teaching awards later and he was off to the University of Dayton and then on to Loyola University New Orleans in 2005. Matherne has a passion for students in general, but is particularly interested in encouraging their entrepreneurial skills. This might stem from his work as a consultant with Westinghouse Corp., UPS, and DynMcDermott, as well as many entrepreneurial firms in the New Orleans area. He brings a wealth of real-world experience into his classes from his prior work as controller in his family’s business, commercial banker, and Small Business Development Center counselor. He also has been an invited
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speaker to various groups to lecture about entrepreneurship issues and corporate governance failures in the financial downturn. Matherne’s research has been published in Journal of Business Venturing, European Management Journal, Journal of Management Education, Academy of Management Executive, Academy of Management Perspectives, and Journal of International Entrepreneurship. His research is cited in more than 80 other publications and in five different languages. His research is primarily focused on entrepreneurial infrastructure mechanisms and strategic change. His current research includes entrepreneurial actions during business disruption (Hurricane Katrina) and strategic responses in the cinema industry and community-based entrepreneurship research in response to Hurricane Katrina. Matherne primarily teaches the Business Policy class for undergraduates and Global Strategy for MBAs. He infuses both classes with case discussions of companies and current business press articles and requires students to perform environmental and strategic analyses of these businesses. He also incorporates a computer simulation so that students understand the financial tradeoffs when businesses implement strategy. In addition to the strategy classes, he teaches various entrepreneurship courses including New and Small Venture Development, Business Plan Development, and Individual and Corporate Entrepreneurship. It is no wonder that Matherne’s students do so well because in addition to all of the above, he has a positive “can do” attitude when it comes to inventing or re-inventing himself and those around him.
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The Missing Link? The Business Portfolio Program
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So you’ve finished your four years at college and focus on resume writing, dining etiquette, and you have your diploma in hand. Now what? Find a developing an internship search plan. Sophomore job? Go to graduate school? Travel around Europe? students will have additional opportunities to Move home and live in your parents’ basement? explore their career interests and shape their career These are all options available to recent grads (some plans through a series of optional workshops covering more appealing than others perhaps), but what is a diverse range of topics such as entrepreneurship or the correct answer? The College of Business’ establishing credit and other important areas of Business Portfolio Program seeks to help personal finance. Research in career development undergraduate students find the answer that’s right points to the importance of having students in the for them long before they don the cap and gown at sophomore year compose and refine the beginning of what will be their senior resume—that document graduation. The Portfolio Program is moving into its second that either gets them the interview or doesn’t when year to include the incoming freshman-year class it’s time to start the job search. Students in the and the sophomore class. The 2010 freshman-year second year of Portfolio will receive one-on-one program will focus on the college’s established and coaching in developing their resumes and will be Executive successful very Mentoring Program with each “Whether it’s running a multinational corporation, freshman assigned a mentor from working in a local accounting firm, or owning their own the local business community. business, we want students to discover their passion and Freshmen have a chance to find map out the road to achieving a successful career— out about business life first-hand however they define success.” through small group meetings, field trips, and other professional —CoB Dean William Locander outings with their executive mentor. The freshman program will also include required to post their finished product on the Career speaker Patrick Combs, author of Major in Success, Development Center’s website. And why the “Missing Link” title for this article? an insightful book written for college students to make the transition to college life a little less Well, that came from a conversation with a recent overwhelming and most importantly, a guide to alumnus about the implementation of the Portfolio making the most of one’s college career. Students Program. After hearing about the program, he will also take Career Leader, an online career thought for a moment and said, “You know, this is assessment, to assist them in discovering what their the missing link in Loyola’s business program. I had interests are and how those interests fit into a viable a great four years at Loyola—great teachers and career. Because so many students are still general classes and I made lifelong friends. But when I business majors at the end of their second year, finished, I just sort of looked around and thought Career Leader and other assessments will help point now what? This is the program I wish was in place them to a more specialized field or even reaffirm when I was in school.” career choices they’ve already made. The Business Portfolio Program gives students Sophomores, who have already started to design the tools for career success. The missing link has their career portfolio during their freshman year, will been replaced.
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Students Investing in Other
Professor Ron Christner, Ph.D., and 2010 scholarship recipient Emilie Tate Mckevitt
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In a previous issue of Loyola Executive, we told you about the College of Business’ Student-Managed Investment Fund class. The class, taught by finance professor Dr. Ron Christner, challenges students to apply investment and portfolio concepts in order to manage a $100,000 securities portfolio, funded by Loyola University New Orleans. The students debate and select funds based on their research and understanding of market principles. Since its inception, the student-managed fund has experienced consistent growth, and the investment fund arrow continues to point in only one direction—up. Don’t you wish everyone’s funds were so successful?! To mark the success of the fund, the CoB, at Christner’s urging, earmarked some of the capital for a scholarship to be awarded at the annual student awards ceremony. The purpose of this particular scholarship is to promote excellence in the field of business by offering incentives to talented students. The first Student Investment Fund Scholarship was awarded in May 2010 to an undergraduate student based on criteria that included student classification, grade point average, and need for financial assistance. Students had to submit their resumes and applications in order to compete for the award. The recipient of the 2010 scholarship was Emilie Tate Mckevitt, a junior accounting student with a stellar GPA. The investment class provides students with the opportunity to sharpen and apply their critical thinking skills to real-world investment experience. Depending on the size of the class, the students are divided into groups. Each student in the group conducts an in-depth analysis of one stock in an industry sector. The students then turn in bi-weekly reports where they evaluate the performance of their individual stocks and sectors relative to an appropriate index. According to Kevin Wojton, a recent finance major (Chinese studies minor) graduate, the spring 2010 Student-Managed Investment Fund class researched and debated and added to the stocks that were purchased in the inaugural class. Based on student recommendations, the following stocks were added:
Students
Recommendations Name
Ticker Buy/Sell
Amount of Shares
Current Price
Ford First Solar Ishares Euro Duff Phelps Citi Group Activision/ Blizzard SPDR Gold
F FSLR FXE DUF C
Buy Sell Buy Buy Buy
200 40 15 100 1400
12.93 N/A 136 17.41 3.53
2040 1741 4942
ATVI Buy GLD Buy
100 20
11.11 109
1111 2180
Total Gross Investment to be added to the Portfolio=
Gross Investment 2586
14600
The students who have participated in this class since its inception can all share in the fund’s success. What a value-added experience managing a fund brings to students’ academic learning and understanding, and by adding the scholarship component to the fund, another dimension of student investment is added.
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Seeing Through
“Making a profit from such a small operation is not that easy, but I do it for the love of wine and the experience.” —Ron Christner, Ph.D.
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Merlot-colored Glasses Ron Christner, Ph.D., might be accused of
C Squared Vineyard. The winery is located
living the double life of finance professor and
in Bennett Valley (Sonoma) producing 300
part-time vineyard owner. Actually, Christner
– 400 cases of premium quality merlot
lives a full life with two passions, and he sees
from three acres of vineyards (see
both glasses as half full: 1) teaching students to
www.csquaredwinery.com). His love of wine led
invest in stocks and real estate and 2) bottling
him to take the risk of growing grapes and
the best California merlot wine that his
entering a business where making a profit can
vineyard can produce.
be difficult. Christner says that “making a profit
Christner has been a professor at Loyola
from such a small operation is not that easy, but
University New Orleans since 1977, teaching
I do it for the love of wine and the experience.”
and researching in the areas of investment, real estate, and risk management. He
hobby because there is real money at
approached College of Business Dean
stake, but he says that those trying
Bill Locander about a year ago to
the same approach to the wine
suggest that Loyola supply “real”
business should not quit their day
money (not a simulation) for students
job. Loyola is very happy that he is
to manage. A little over a year later,
staying with his day job in the CoB.
the course is yielding strong returns
Seeing glasses as half-full
in the form of student learning
reflects Christner’s positive
and monetary gain. At last
attitude
toward
both
count, Loyola students had
students and grapes. His
a 32-percent return on
students are doing well by
invested funds.
These
creating scholarships for
results prompted Christner
fellow classmates, and his
and his students to create a
2007 merlot wine was just
scholarship for a Loyola
given an excellent quality
undergraduate from the
rating of 92 points by Wine
earnings and to do it every
Enthusiast Magazine.
year where the earnings passed a threshold amount. Christner’s other glass is
So, for Christner, seeing life through merlot-colored glasses
has
produced
literally filled with merlot.
dividends for his students and
Years ago, he invested in a
his wine customers.
small vineyard in California—
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A toast to you, Ron!
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Spring(and Saints) Fever
The Annual CoB Spring Picnic brought out a bit of the Saints in all of us! And the fried chicken was really good too!
Director of Student Records Katharine McNair and Associate Dean Angie Hoffer are all smiles when it comes to the Saints—and work too of course.
CoB Who Dattitude! 16
Lunch gets a thumbs up! Loyola Executive
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Dr. Mike Pearson shows off his Saintly Hawaiian wardrobe.
Students always love a good picnic!
Students, staff, and faculty show their Who Dat Nation spirit. Fall 2010
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Surviving and Thriving Health care and e Brach shares his award with family and friends.
Ryan Brach ’00, M.B.A. ’03 was honored as Young Alumnus of the Year.
CoB alumni catch up with one another.
The Loyola University New Orleans College of Business Alumni Board took a candid look at issues vital to businesses wishing to relocate to New Orleans or stay in the city at its 25th Annual CoB Alumni Luncheon on March 26. Louisiana State Superintendent of Education Paul Pastorek ’76, J.D. ’79, Ochsner Chief Operating Officer Patrick J. Quinlan, M.D., and GCR & Associates CEO Gregory C. Rigamer served as panelists for the discussion about “Surviving and Thriving: A Business Focus on Housing, Healthcare, and Education.” Television and radio host Monica Pierre moderated the discussion. The CoB also honored Saints Executive Vice 18
President and Chief Financial Officer Dennis Lauscha, M.B.A. ’99 as outstanding alumnus of the year, and Ryan Brach, M.B.A. ’03 as young alumnus of the year. Pastorek, an attorney, was appointed superintendent in March 2007 by the State Board of Elementary and Secondary Education and is a proponent of school choice and accountability. Prior to that, he was appointed to serve as general counsel to NASA by President George W. Bush in 2002. Quinlan, who has served as CEO of Ochsner since 2001, was named the most powerful physician executive in the nation by Modern Physician magazine in 2007 and oversees more than 600 physicians and Loyola Executive
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education leaders headline Annual CoB Alumni Luncheon
Panelists Gregory Rigamer (CEO, GCR & Associates) Patrick Quinlan, M.D. (COO, Ochsner Health System), and Paul Pastorek ’76, J.D. ’79 (Louisiana’s State Superintendant of Education) spoke to “Surviving and Thriving: A Business Focus on Housing, Healthcare, and Education.”
Dennis Lauscha, M.B.A. ’93, the 2010 Alumnus of the Year, University President Kevin Wm. Wildes, S.J., Ph.D., and Olivia Ventola ’99, president of the CoB Alumni Board
Tom Kloor ’52 and Floyd del Corral ’51
medical training programs for more than 200 interns. Rigamer established the consulting firm GCR & Associates, Inc., in 1979, a company of more than 150 professionals specializing in building information management systems to support critical decisionmaking processes. Rigamer is a renowned demographer and is actively involved in post-Katrina community recovery and rebuilding programs. Lauscha joined the Saints as CFO in 1998, and he balances many roles within the organization as well as with owner Tom Benson’s business ventures. He is the principal liaison with all club vendors and oversees several administrative and operations departments. In addition to maintaining the team’s finances, Lauscha Fall 2010
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supervises the Saints’ human resources, information technology, and facilities and grounds departments. Lauscha is the Saints’ lead in negotiations with governmental and Super Bowl officials, a representative at National Football League owners’ meetings, and an active participant in the management of Benson-owned WVUE-TV. Brach is a Metairie, La., native and a successful franchise business developer. Since graduating from Loyola’s MBA program, Brach has held important positions in the business end of Rotolos, Raising Cane’s, and Planet Beach companies, supervising franchise openings and strategic planning. Now, he is developing a new line of pizzerias. 19
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A Man for Others Alden J. “Doc” Laborde celebrated for his commitment to values and service “Ethics is an absolute term applying to all activities. The ethical conduct of any enterprise depends on the morals of those who have accepted leadership responsibilities and how that is transmitted to the other members of the enterprise. I firmly believe that morality has its foundation in spirituality.” —Alden J. “Doc” Laborde
The newly founded Loyola University New Orleans Center for Spiritual Capital hosted its first lifetime achievement dinner, recognizing one of its founding members, Alden J. “Doc” Laborde. According to College of Business Dean William Locander, “Here is a man who has put spiritual values first in both his personal life and professional relationships, and it has paid off handsomely.” Laborde was born in 1915 in Vinton, La. He grew up in Marksville where life centered on family, school, and the local Catholic church. Despite growing up in the depression, he has 20
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fond memories of his childhood. His parents were school teachers and administrators. He was offered an appointment to Annapolis and graduated from there in 1938 in the top 15 percent of his class. When World War II began, he was quickly assigned to sea duty, commanding three combat vessels, first in the North Atlantic, then in the Pacific. He retired from active duty in 1946 with the rank of commander and returned home to his wife, Margaret, and their two-year-old child. While looking for a civilian career, Laborde decided to try his luck in the fledgling oil Fall 2010
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industry in Louisiana. Despite his training and experience, he started as a roustabout on a drilling rig. His abilities and knowledge became readily apparent to everybody in the crew as he began to develop solutions to any and all problems on the rig. He earned the name “Doc” which stuck with him for the rest of his life. When the offshore development began, he joined Kerr-McGee Oil Company as marine superintendent, where he soon became convinced that the offshore drilling method in use, that of building piling platforms for each new well, was very costly and inefficient. He believed that a mobile unit, which could be moved from well to well, would be much more efficient and that it was Dr. Nick Capaldi, Anne Milling, “Doc” Laborde, Frank Purvis feasible. Kerr-McGee’s engineers did not agree with his concept. So at great personal risk to himself and his growing family, he resigned in order to pursue his dream. He was unable to convince any of the other oil companies drilling at the waters edge of his idea. However, a small oil operator, Murphy Oil, agreed to invest $500,000 for a 50-percent interest in his new company. Ocean Drilling and Exploration Company (ODECO) was born and so, consequently, was a new industry. John Levert, Dean William Locander, “Doc” Laborde As the offshore drilling industry grew, the demand for support vessels to service the rigs grew even faster. It became obvious to Laborde that a new design for these vessels was needed. He developed a concept and assembled a group of 10 friends to finance and build the first such vessel and Tidewater Marine was born. Such a high demand developed for their vessels that it soon became obvious that he could not continue managing ODECO while developing Tidewater. He called on his brother, John, to Bill Ryan, the Hon. Moon Landrieu ’52, J.D. ’54, H ’77, H ’05, Pam Ryan take over the company and, under John’s management, Tidewater grew and prospered to the point where today it is the largest owner and operator of service and supply vessels in the world.
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Following his retirement at age 61, Laborde was able to enjoy spending more time with his wife and children, but he was soon back to work. He served on boards both public and private and in numerous capacities for philanthropic and educational institutions and particularly the Catholic church. His work for the church started in his own parish as a founding member of the St. Vincent de Paul Society, where he still remains an active member. His commitment to the Catholic church in New Orleans grew, as did his friendship with Archbishop Philip Hannan. The two World War II veterans remain the best of friends to this day. In 1985, at the age of 70, Laborde was inducted into the John Levert, Bettie Arnold, “Doc” Laborde, Anne Levert, Alan Arnold ’64, M.B.A. ’71 United States Business Hall of Fame. In describing his accomplishments, it was stated that he was among the very few who had founded two New York Stock Exchange firms. While in his 80s, he founded a third company, Gulf Island Fabrication. Today, at 94 years old, Laborde drives to the “Here is a man who has put spiritual office every day to check the values first in both his personal life and stock reports, catch up on the professional relationships, and it has paid Wall Street Journal, and oversee off handsomely.” the daily business of All Aboard Development Company. His life —CoB Dean William Locander was built on a foundation of faith and family. When asked in an interview with Professor Nick Capaldi what he thought about the state of business ethics today, his reply was, “I do not believe there is such a thing. Ethics is an absolute term applying to all activities. The ethical conduct of any enterprise depends on the morals of those who have accepted leadership responsibilities and how that is transmitted to the other members of the enterprise. I firmly believe that morality has its foundation in spirituality.” Laborde has five children, 18 grandchildren, and a large and growing group of greatTeresa LeBlanc, M.B.A. ’82, Dr. Nick Capaldi, Barry LeBlanc, M.B.A. ’82, Tom Kloor ’52 grandchildren and, at age 94, remains active in business, family, civic, and religious activities. He is truly “A Man for Others.”
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ds, ; ynol Award e R r a r o Lau ’s Hon cander n Dea Bill Lo n Dea
erio, b r a nB ard Jaso nn Aw ng i a egm utstand e; W . X uat eO John for th te Grad offer H ea laur Angie a c c Ba Dean ciate Asso
The annual Fall CoB Picnic is always an opportunity for faculty, staff, and students to take a break from their usual day-to-day schedules and studies and have some good food and great fun! , uller M . nP time Bria g Full- te; ua din stan A Grad field, t u O MB Mans ctor e Dire hani Step MBA
r, e llme art-tim u F P e Blak tanding ate; s Out Gradu nsfield, a A MB anie M r h to Step Direc A MB
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gma
Si ma m a , G riz Oca r, Beta ward l e i e Dan Coop Junior A h Sara tanding s Out
h, loug l u d, cC war n M Pi A a d r r e a Jou Sigm Memb a Delt tanding co s c Out Maro n i t Jus
, occo i r a Ps in M Just Alpha ard ta , Be ore Aw i g g a m ca P opho Bian nding S sta Out
The College of Business recognizes the accomplishments of its very talented student body every spring at the annual CoB Awards Ceremony. These photos are a small representation of the many students who have worked so hard and accomplished so much during their time at Loyola.
May Awards Ceremony Fall 2010 www.business.loyno.edu
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Life after College in
Auditor, account executive, analyst, law school student: all new titles for newly graduated Loyola University New Orleans business students starting life in the real world after four years as college students. Their work takes them from Hong Kong to Los Angeles, Calif., and all points in between.
Journey to the Far East Jordann Webster ’10, international business/marketing graduate, has long dreamed of working in Asia, and that dream became reality when she landed a job in Hong Kong working for M & C Saatchi, a global advertising agency with 22 offices in 16 countries. Webster is currently a regional management trainee and after three months will be placed in a position based on where her likes and talents most benefit the needs of the company. 26
As a regional manager trainee, Webster will spend two to three weeks in various departments and will travel to M & C Saatchi offices in the Asia Pacific region, soaking up as much as she can about the ad biz—research, client services, production, strategic planning, etc. She credits networking with finding her dream job. On a visit to Hong Kong over the Christmas break, Webster was fortunate to meet the company’s CEO and during the conversation expressed her passion and career ambitions to work in the marketing field. The CEO offered to mentor her and gave her some homework to do. In an effort to complete the “assignment,” Webster gave serious thought to where to live and work and the kind of marketing work that interested her. The dialog between the two continued, ultimately leading to an extended conversation about career opportunities Loyola Executive
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Hong Kong and . . .
“Students can develop their network by for a job takes a lot of with M & C Saatchi. being involved on campus through student time and effort. I’d Webster is thrilled organizations like LIBO, professional recommend starting at with the idea of living fraternities, or their professors. These and the end of your junior and working in Hong other organizations can provide students year and summer before Kong and the with contacts and access to companies and senior year.” Webster experiences that a new local business people who could be the key also suggests signing up culture and way of life to a future internship or job.” for career networking will bring her way. As —Jordann Webster ’10 she says: “There is no sites such as “linked in” rule book for marketing and “KODA” at the in Asia, so to be able to produce new and innovative same time. And of course, follow her lead and methods for bringing products and services, both old network. “Students can develop their network by and new, to the Asia-Pacific region is truly exciting.” being involved on campus through student And what advice does she have to offer the Class organizations like LIBO, professional fraternities, or of 2011 when it comes to the job search? “Start their professors. These and other organizations can searching for a job early, and by that I mean the provide students with contacts and access to beginning of your senior year at the latest. Searching companies and local business people who could be Fall 2010
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Jackson Square
the key to a future internship or job. Also, do not rule out friends and family members from your networking community—who knows you better than a good family friend or relative? These are the people who can go out on a limb and speak on your behalf.”
Closer to Home Rebecca Duckert ’10, M.B.A. ’10 didn’t have to travel quite as far as Webster to find her life after college career. Duckert landed at the historic Cabildo Museum in Jackson Square as assistant director of Friends of the Cabildo. After an intense interview process with board members and Cabildo staff, Duckert was offered the position—just in time for graduation. Her education and work experience made her a 28
viable candidate from the start. She holds a B.A. in history, with a minor in visual arts, and an M.B.A., all from Loyola University New Orleans. “One of the largest components of my job is volunteer coordination, recruitment, and scheduling. I have done a good bit of volunteer work, including the required volunteer component for the MBA program, so I could already appreciate what goes on behind the scenes.” Part of her job takes her into retail management overseeing the 1850 House Museum store located in the Cabildo. There she will serve as buyer to employee trainer—whatever the day holds. Her previous work experience in both nonprofit and early education figured in as well in landing the job. As Duckert says, “Working in early childhood education, I have learned all about PATIENCE, Loyola Executive
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significance to an c o m p a s s i o n , “One of the largest components of my job is already interesting adaptability, and to volunteer coordination, recruitment, and scheduling. I have done a good bit of city like New Orleans. always expect the volunteer work, including the required unexpected. Think volunteer component for the MBA about it. If I can program, so I could already appreciate what handle a roomful of goes on behind the scenes.” three-year-olds, I can —Rebecca Duckert ’10, M.B.A. ’10 While we’ve put the handle anything.” spotlight on just two, Although only on the job a few months, Duckert is already planning special many of our recent grads have made the successful events and fundraising activities. She is a developing transition from college to career. You will find them a courtyard concert series at the moment aimed at working from Los Angeles, Calif., to New York City, building new membership among a younger N.Y., for companies including the Los Angeles Times, demographic. “This job keeps me very busy!” adds Credit Suisse Bank, and Citi Group to law and Druckert. A very nice way to end one’s academic graduate schools around the country. We will miss career—working for a nonprofit organization that has them, and we wish them well as they start a new and provided so much enjoyment and historical promising journey.
Everywhere in Between
Fall 2010
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Senior Reception What would graduation be without a party? The CoB hosts an annual senior reception giving our graduates a Loyola send-off with great Louisiana cuisine and the good company of family, friends, faculty, and staff.
As is the tradition in the College of Business, the freshman Class of 2013 participated in the annual Wolves on the Prowl, Loyola’s national day of community service. Wolves on the Prowl, held every fall, works toward the Ignatian tradition of being men and women for and with others in communities across the nation. Students were involved in various community service projects including school beautification in New Orleans public schools.
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Fall 2010 www.business.loyno.edu
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Earn an MBA in the evenings. It’s ideal for business undergraduates and working professionals. For more information, visit www.business.loyno.edu/mba or contact us at (504) 864-7965 or mba@loyno.edu