Internal Controls for Cash Handling

Below is a summary for how to implement better financial controls into your student organizations.

Internal controls are critical for businesses to operate well. Risk management greatly depends on internal control, and internal controls further the operating goals of the organizations that implement them. Using strong internal controls represents an opportunity to operate more effectively, and is more than just a compliance requirement.

 Risk

The risks associated with cash handling include stolen cash, club members writing themselves checks, making fraudulent purchases using the club card, etc. To mitigate these risks internal controls should be in place. Internal controls are based on the COSO framework and address these risks.

COSO

The COSO framework is the product of thought leadership for the conduct of ethical business. The majority of Fortune 500 companies use the framework developed by the committee. For Eller clubs, it is necessary to implement a simple variation of this control framework over cash handling, focusing on segregation of duties and authorization measures.

Internal Control

Internal control is the plan of organization and the methods a business uses to safeguard assets, provide accurate and reliable information, promote and improve operational efficiency, and encourage adherence to prescribed managerial policies. Internal controls are risk-based and must be designed/implemented to mitigate the unique risks of your organization.

When designing controls for cash handling, there are several objectives that should be considered. These include:

 

  • Occurrence — the transactions actually took place
  • Completeness — all transactions that should have been recorded have been recorded
  • Accuracy — the transactions were recorded at the appropriate amounts
  • Authorization — all transactions were properly authorized
  • Cutoff — the transactions have been recorded in the correct accounting period
  • Classification — the transactions have been recorded in the proper accounts

Effective segregation of duties (a critical control) prevents any one person from controlling more than one of the following:

 

  1. Authorization (approving transactions and operations)
  2. Custody (Access or control of cash, checks, credit cards, etc.)
  3. Record Keeping (Creating and maintaining accounting records)
  4. Reconciliation (Verifying the recording of transactions)

Implementing Internal Controls

Implementation of internal controls requires a positive attitude towards controls, with a strong “tone at the top” of your organizations. This means that you and your EBoard are responsible for creating a strong control environment and encouraging ethical behavior. Internal control must be a priority to you and your club members.

You should have a discussion with your EBoard evaluating the risks your organization faces and examine how to implement the following controls to directly address your unique risks.

Cash Disbursements

Cash disbursements involve the processes of authorizing payments and purchases, fulfilling the payments and purchases and reconciling affected accounts and receipts. The following are controls to implement over the cash disbursements process:

 

  • Authorize all purchases/payments – This should be the responsibility of an EBoard member other than the check-writer or card holder
  • Maintain itemized receipts for all expenditures – responsibility of personnel making purchases/writing checks
  • Reconcile bank statements/card statements with itemized receipts on a weekly/monthly basis – This should be done by an EBoard member not authorized to handle cash or a faculty member
  • Cancel cards when a new cardholder is appointed

Cash Receipts

Cash receipts involve the process of receiving cash/payments, creating a remittance list for all cash receipts and depositing the cash/payments. The following are controls to implement over the cash receipts process:

 

  • Have two people handle every transaction. One person will handle the cash while the other creates and maintains a remittance list. Restrictively endorse checks.
    • Remittance lists should consist of the item paid for, amount, date, transaction description, etc.
    • Items in inventory must be accounted for to allow a reconciliation after sales are made
    • The remittance list will be given to the treasurer/VP finance, etc. The cash handler will deposit the cash
    • The treasurer/VP finance must agree the remittance list to deposit slips and account statements (as activity is conducted, weekly, monthly)
    • If the treasurer/VP finance makes a deposit, the agreements must be made by another EBoard member or faculty member
    • All cash must be deposited on a timely basis (within days of receipt), with a separate deposit for each transaction event (dues must not be mixed with sales, etc.)

Physical Security

Keep any cash in a lockbox or safe prior to use or deposit.

Summary

These simple procedures require a small amount of time and effort to implement, and prevent significant problems for your organizations. Don’t treat internal controls as a compliance issue. Internal controls further the operating objectives of your organization and their implementation starts with you. These procedures are not comprehensive and represent the minimum that should be done for your organization. Further measures should be taken to mitigate your unique ris

Alumni Spotlight: Lindsey Erlick, Pearson Education

Lindsey Erlick
Lindsey Erlick graduated in May 2011 with a double major in Marketing and Entrepreneurship and a Minor in Mathematics. She is now working in NYC as the Marketing Manager for Higher Education Faculty Communities for Pearson Education.

What do you do on a typical day at work?
On a typical day at work, I collaborate with professors and internal marketing managers to figure out how we can provide better services to educators through communities. I help strategize new marketing campaigns with other marketers from around the company, so this usually means I’m attached to email and probably on google hangout video calls with coworkers from different offices throughout the day.

How did you come across this opportunity?

I applied online, it works! I applied to the Pearson Leadership Development Program my senior year of college and started in the 2-year program at the Pearson Education office in Boston a few weeks after graduation. I rotated through three different departments of the company and lived in Boston, MA and Austin, TX before moving to NYC for my post-program position in marketing.

What is the most rewarding aspect about your job?
I get to work with students and professors every day! It is so awesome to be the voice of students and professors to help shape our products and services of the future and to ensure that we are providing the right resources to help students succeed.

Any advice for students looking to enter your industry/company?
Don’t be afraid to reach out to someone, say hello, and have an informational interview. LinkedIn is great for this – figure out who you know and how their connected and reach out. It helps you learn so much about the culture and the people at the company that will help you decide what’s your best approach. It also helps to really understand the challenges of your professors and fellow students and have the drive to help make their lives easier.

In what ways did Eller prepare you for your job?

Eller taught me how to continually be concise and professional when presenting or even in an email. Everyone is busy all the time, in an email (or presentation) be concise and reveal your value proposition right off the bat.

 

Alumni Spotlight: Rae Murillo, ID Public Relations

Rae Murillo

Rae Lynn Murillo graduated from Eller in May 2010, majoring in Finance. She has been working at an entertainment PR agency called ID Public Relations in Los Angeles for the past four years, making her way up from an assistant, to an associate account executive, and now, a full-on account executive in their talent department.

Tell us a little bit about ID Public Relations.

Established in 1993, ID began as a boutique publicity firm with only a handful of clients. Today, we are a fully-integrated, bi-coastal  agency representing hundreds of clients, including many of the world’s leading actors, films, filmmakers, musicians, brands, technology, production companies and corporations.  Some of our clients across these divisions include Jennifer Lawrence, Amy Adams, Jake Gyllenhaal, Alicia Keys, Christopher Nolan, Hans Zimmer, Emily Blunt, Julia Louis-Dreyfus, Lupita N’yongo, Jason Reitman, Sean Penn, Wes Anderson, Tiffany & Co., Stephen Colbert, Ben Stiller, Netflix, Nintendo, and Lacoste, to name a few.

How did a Finance major end up with a career in PR?

Majoring in business was always something I wanted to do, and finance was a natural fit – money and numbers always came easy to me, so the finance route seemed like the right choice. I never doubted for a second my choice of major, or the Eller program as a whole, because it gave me the skills necessary to not only perform well inside the classroom, but to also succeed outside the classroom. Business is a part of every industry. I challenge you to name a field that doesn’t in some way require confidence, negotiation, logic, and creativity. Those skills undoubtedly got me my first internships, that led to other internships, that led to part-time jobs, that led to the career I’m in now. It goes to show, you may think you know what you want to do after graduation, but its really the combination of your studies here at Eller and your outside work experiences that will guide you onto the path on which you’re meant to be.

So what was your path like?

I’ve always had a passion for the entertainment industry and the art of film in general. The summer before my junior year and first semester in the cohort, I had the privilege of taking part in the London Internship program the Undergraduate Programs Office offers. Not only does it expose you to international work environments and opportunities, but it’s also tailored to your interests. I was placed in a finance position at an independent film company – so basically, I was in heaven. That placement really woke me up to the fact that, no matter what your major is, there’s always a way to find work in the industry you are most passionate about. 

During my 2nd, 3rd, and 4th semesters in the cohort, I had a great part-time job/internship with an entertainment PR firm called Allied Integrated Marketing (known as Allied Advertising at the time). It allowed me to work on movie campaigns in regional markets and direct city-wide promotional events in conjunction with film releases. The position was a combination of marketing, finance, management, PR, and event planning. It was hectic, stressful, and exciting, but I knew it was what I wanted to do. (Walking Hugh Jackman down the red carpet at the Wolverine premiere may have sealed the deal. Kidding! Kind of…)

For my final summer before graduation, I applied to be a part of the internship program at Warner Bros. in Los Angeles. I applied online early, and that, shockingly, did not get me anywhere. So I racked my brain for anyone I knew that had any affiliation with Warner Bros, ANY at all. I really wanted that internship and was on a warpath to get accepted. After a bit of pondering, I remembered… the photographer from my old dance studio, in his former pre-retirement career, was a still photographer on movie sets, and he just so happened to be putting together a book on his work that had him on the studio lot nearly every day. I shot him a message on Facebook (yep, good ol’ Facebook), and, long story short, he got my resume in front of one of the HR recruiters. Five phone interviews later, I finally got the position. My point? Use your network. Even if you think nothing is going to come of it, somebody always knows somebody who knows somebody.

So, after four semesters of fully utilizing (to the best of my ability) the academic, extracurricular, and professional opportunities that were given to me at Eller, I graduated and landed a job at ID later that same year. I should also mention that particular job offer came after I had already turned down two others – I think I gave my parents minor heart attacks. But they survived, as did I, because deep down I knew I didn’t want to start my professional career doing something I wasn’t absolutely passionate about. You should try to look at it this way: Every job you’ve had and will have in your life will have its stressful and difficult qualities; however, if you wake up each morning and can find at least one thing about your job that truly excites you, that ignites a fire within you, the rewards that come from that will more than outweigh and make up for those stressful and difficult times.

Alumni Spotlight: Carly Portnoy, SinglePlatform

carly portnoy

Carly Portnoy graduated in May 2014 with a degree in Marketing and a minor in Communications. She is in New York City working for Constant Contact in their SinglePlatform division as an Inside Sales Consultant.

What do you do on a typical day of work?

A typical day at work consists of calling SMBs (small to medium size businesses) and learning about their business to see if they’d be a good fit for our service. The day usually consists of scheduling and holding meetings with these businesses that are located all over the US.

How did you come across this opportunity?

I came across this opportunity through Wildcat JobLink!

What is the most rewarding aspect about your job?

The most rewarding aspect about my job is all the great incentives and the atmosphere of the work place. Being in sales you usually get rewarded for your hard work, but my company takes it one step further. For every sale you make you have the opportunity to win gift cards, get company swag, and praise all over the office. Every month we do awesome activities all paid for by the company, this past month we went on a yacht cruise around Manhattan!

Any advice for student looking to enter this industry?

Sales is tough and not cut out for everyone…but if you’re going to pursue a career in sales, make sure it’s with a company where you enjoy the people that you work with and their environment.

Alumni Spotlight: Lisa Malecky, Intel

Lisa MaleckyLisa graduated in Winter 2010 with a double major in Finance and Business Management. She currently works as a Program Manager for Intel in Portland, OR, where she manages the employee events/engagement group, called Great Place to Work, for 18,000 Oregon employees and their families. Lisa spent 2 years prior to that working as an analyst for Intel’s compensation & benefits group.

What do you do on a typical day at work?

This is a very interesting job in that every day is a bit different!  My job is basically to find events and strategies to engage our employees and help create a positive culture here at Intel — a pretty broad scope, but it makes for a very interesting job!  Today, I started the day off meeting with our local NBA team, the Portland Trailblazers, to negotiate our contract for the upcoming season and discuss the budget for tickets we’d be providing for our employees.  From there, I came back to the office to meet with our employee user experience team to help formulate a survey for our employees to figure out their preferences for events and recognition.  I had lunch with some of the folks from my rotation program a few years ago (they’re still some of my best friends!) and then met with one of our engineering groups to help them strategize for an event to celebrate the end of a large project.  I finished off the day by tackling some of my inbox requests and heading to downtown Portland to hand out 500 tickets to a show for our employees.  Working those events is one of my favorite parts of my role- I really enjoy meeting people and getting to see them go do something cool!

How did you come across this opportunity?

The Great Place to Work program is something I’ve always been interested in and had a passion for- I love working with people and love exploring the community!  The program only has one paid position in Oregon and relies heavily on volunteers to help with events and planning.  I knew when I came into the company that I didn’t have the experience yet to know how the intricacies of how events worked, so I signed up to volunteer.  I spent a significant number of hours working events and planning new experiences for our people, all the while learning an incredible amount about program management and developing a network that I now consider family.  When the role became available, it was a daunting thought to manage the entire program from budget to volunteers to events and strategy, but I had a lot of encouragement from that network and applied for it.  I truly believe it was the time spent volunteering and gaining insight into the program for those couple of years that allowed me to earn the position.

My father was always a huge advocate for being patient and finding what you love- I remember him telling me to think about what I would do for free, and it was there that I would find my true passion.  In a way, I did a small part of my current role with no pay but lots of joy for the first couple of years, and now I’m fortunate enough to be paid to do it.

What is the most rewarding aspect of your job?

Hands down, being able to watch our people experience new things with their families and see them relax and enjoy themselves is the most incredible reward in this role.  Intel is a great company to work for, but is definitely a demanding culture- we work hard and I get to help us play hard.  For many of our people, their hard work is also something that impacts their families- to figure out ways to help also reward their families is wonderful.

GPTR!

Lisa and her team from one of their largest annual events: Great Place to Run, a 5K/10K for about 3,000 employees

The other aspect of this position that I love most is our team.  While I’m the only person who gets to do this full time in Oregon, we have a volunteer staff that is absolutely amazing, and does this for all the right reasons.  They have an inspiring passion for people and we have a culture among this team that is very similar to a family.  It’s a role where I genuinely feel like I get to come to work with some of my best friends every day.  I also have a manager who is one of the most open-minded and encouraging people I’ve ever worked with- never underestimate the power of a great manager for your career and experience!

Any advice for students looking to enter this industry or company?

I would absolutely say that I encourage people to not be afraid to try new things, and to be patient about finding your dream job at a large company like Intel.  Those jobs may not always be available, but if you’re flexible and perform well, somehow you always seem to end up where you want to be.  I always thought I would come out of school and know exactly what I wanted to do- that it would come to me instantly.  I joined Intel as part of a rotation program and landed in a first job that I learned a great deal from in a well-respected group.  However, I came to learn I wasn’t passionate about that work.  I would tell folks that it’s okay to not know exactly what you’re passionate about up front, but be open to new experiences, take everything out of each job that you can, and most importantly- don’t settle.  Keep seeking out your passion!  I found my current role by exploring volunteer opportunities that I was passionate about while doing my regular job, which led to me finding a fantastic position for myself.  I also know that I won’t be in this role forever.  I would say to always keep exploring – so you never stop gaining new skills – and never stop learning more about what you like to do.  It’s liberating for me to know that a year from now, my career could be completely different!

Lastly, I would say that having a balance between work and life is so critical, especially in demanding roles or at a fast paced company like Intel.  No job is perfect- I have my days here that are tiresome when people don’t love an event that I plan, negotiations don’t go the way I wish they would, or we have 5 events in a week and I just want a nap.  It’s on those days when I take a step back and remember my family, my fiancé, and activities outside of the walls of Intel- that allows me to find balance again.  I used to think that, without question, more hours at work equated to more success.  I’m learning that having time away, other interests, and a good relationship with your family are the tools you need to come back to work with a renewed energy and perspective.

Love your Boss?

Love Your Boss Logo_SubtextLove your boss? Tell us why, and enter to win an iPad mini!

If you are like most Eller students, you spent this summer collecting resume items at an internship or other summer job. Often the caliber of this experience is affected by your boss at that job.

Josh Bersin from Bersin by Deloitte recently wrote an article for LinkedIn extolling the guidance and mentorship he received from his first boss, a man whose actions would help shape Bersin through his career:

“His philosophy was to give great advice, help us succeed, and always work as a team. I looked up to him and always “copied” what he did to make myself better. The few times he gave me specific advice, I really listened.”

Now we want to know, did you “love your boss?” What did you learn from him or her that you will take with you through the remainder of your college career and beyond?

Nominate your boss for a “Love Your Boss” award, and be entered to win an iPad mini for you AND your boss. We’ll notify your boss that you nominated him/her, and thank them for helping you have a good summer experience.

Use the Rafflecoptor entry below and be sure to leave a comment on this blog post and share with us what you learned from your boss.

Nominations are open Sept. 2-12.

An example of a great nomination comes from a reflection by Eller’s own Gannon Thute:

“My boss was exactly what I was looking for at the outset of this experience—someone who could mentor me in my professional development, as well as provide a great connection for me in the future. Working for him was a pleasure, as I felt throughout the summer I gained a greater sense of confidence and comfort in my work due to his teaching.”

a Rafflecopter giveaway

Student Spotlight: Bryce Schuler, Walmart

Bryce is working this summer as a Corporate Merchandising Intern at Walmart.

photoTell us a little bit about how you landed the internship:

We found this internship through the UA student organization Enactus. My friends James, Sergio and I (pictured: from right to left) were encouraged to apply by an Eller and Enactus alumni who advocated for us with Walmart’s recruiters. We went through a two-stage interview process: first, an in-person interview and then an aptitude test. A couple of weeks letter we were offered the positions in merchandising.

What is a typical day at your internship like?

The focuses of this merchandising internship are to learn about the business, networking within it and achieve our summer project objectives. Our projects were real issues faced within our departments and at the end for the summer we each presented on what we had found and accomplished to leadership.

The internship is very dynamic and doesn’t include any daily repetitive tasks. Besides project work, other activities included participating in meetings with suppliers, touring stores, analyzing data to gain insight on opportunities, networking around the business, attending department strategy meetings and some intern training classes.

What has been your favorite part about the internship so far?

A couple of highlights include:

1: The first two weeks: With no background in retail I learned so much so quickly! It felt like I was “drinking from a fire hose” for the first week but then the learning curve leveled out.

2: Flight on the corporate jet: Flew to Nashville TN to look over competitive grocery retailers and see what we could do to improve our business.

3: Presenting my work: I received a lot of support and resources in executing my project. Presenting my findings to leaders on the grocery side of the business was very rewarding.

What are some things you have learned?

A lot of the time, your sponsor is busy (you know, doing their actual job) so they can’t manage your every move. It’s important to be self-motivated and try to add value where you can without being prompted.

I’ve learned a lot about the retail deli business but also I’ve learned about people, their careers and how they got to where they are now. That’s valuable as I near starting my career.

I’ve learned of the important skill of influencing, which is, leading people to do things rather than pushing them by communicating a common goal. That’s what the buyer’s role is all about and it’s an amazing skill to watch and practice.

How has Eller helped you prepare for your internship?

Eller has given me an appreciation for making decisions with data, logic and critical thinking. All of those are vital to making decisions that you can have confidence in when presenting to leadership and that’s been invaluable in this experience.

Student Spotlight: Jenifer Wong, R&R Partners

Jenifer_RRPartnersJenifer is working as an account management intern this summer at R&R Partners is Los Angeles, CA.

Tell us a little bit about how you landed the internship:

This past semester involved a lot of resume edits, cover letter writing, applications, and networking. I connected with R&R Partners through Jeff Welter, who introduced me to one of his former students that works here, and is now my boss. Though our initial conversation happened back in March, it wasn’t until the end of May that I went through two rounds of phone interviews and moved out to LA about a week later.

What is a typical day at your internship like?

The cool thing about working at an ad agency is that there isn’t a typical day! My main responsibility is to help coordinate communication between clients and the different departments in the agency. For example, if a client needed a flyer for their company, they would tell the Account Team what they wanted in that flyer, and we would bring that information to the Creative Team, or whichever team is involved. But depending on the projects that R&R is handling each week, I could be making props, sitting in on client meetings, or doing research for a product. I even got to help with the production of this stop motion ad!

 What has been your favorite part about the internship so far?

I absolutely love that everyone here tries to help us interns get the most out of our experience. My boss is always asking me if there is anything that I want to get involved in or if there is anything that I want to learn more about. Since R&R is a full service agency, I’ve been able to see how the entire process works from understanding a client’s needs to coming up with the concepts to finalizing an ad. Everyone is a blast to work with too!

What are some things you have learned?

Don’t just sit around when there seems to be nothing to do. It doesn’t benefit you or the company you’re working for. Ask anybody and everybody if they need help with anything and you’ll find many more learning opportunities along the way. Also, it’s amazing how much work goes into creating a single ad.

How has Eller helped you prepare for your internship?

SWOT analysis. During my first week here, I was asked to prepare a SWOT analysis for a huge client and eventually presented it to several managers who were impressed with my research. Aside from that, Eller has really taught me to be an effective communicator, which is important for account management. And Dr. Ackerley’s Advertising Management class helped me a lot with understanding the jargon and processes in this industry.

Student Spotlight: Elizabeth Towne, CliftonLarsonAllen

photo3Elizabeth is an accounting senior interning this summer at CliftonLarsonAllen in Minneapolis, MN.

Tell us a little bit about how you landed the internship:

I actually got the Minneapolis/University of MN recruiter’s  contact information and emailed her. I explained how I had done an externship in the Tucson office the previous semester. I completed the externship as a part of my honors direct admission interview for Eller Professional Admissions. The recruiter took a look at my resume, and we set up an interview over Thanksgiving break! I found out a few weeks later that I got the internship!

What is a typical day at your internship like?

My internship consists of mostly audit work. I am rarely in the actual CLA office, because we are at client sites. Our clients consist of non profits, governments, schools, and higher education. We are usually at the client for a week or two, but sometimes it can be just a few days to do some preliminary work. At the client, I partake in the audit at the same level as a staff auditor. I will audit Cash, Accounts Payable, Expenses, etc. I will do General and Payroll disbursement testing and Student Activity Fund testing as well. There’s plenty of testing to do and checking to see if there is anything unusual. There are moments where you will need documents from the client and have to wait, and there are times when you have to discuss/clarify issues with the client, so there is a lot of client involvement. This is the one part that is my least favorite, because you have to rely on the client to be prepared. Overall, it is a very interesting internship, because nothing ever seems to be the same day after day, and I feel as though I learn something new every hour, which is something I really like.

What advice do you have for other interns?

Always put 100% effort into the work you are assigned. Ask questions; an internship is a learning experience and your supervisor and other employees are willing to help. Be friendly and approachable. Lastly, write down instructions as someone gives them to you, because if you don’t, you will forget and you don’t what to have to ask again!

 

Opening Doors to Careers in Chicago

By Pete Corrigan, Assistant Director of Employer Relations and Coaching

Your Professional Development Center team is constantly working to expand the diversity of the employment options available to Eller students. Last week I visited Chicago, Illinois to strengthen relationships with existing Eller employers and to reach out to potential new employers. It was a jammed packed three days.

BMOHB_T2RBI started my employer visits at Belvedere Trading. Belvedere is a proprietary trading company that has become very active on top campuses as they look for  students with excellent math skills to immerse them in a sixteenth month trading training program. New hires will work in teams that are focused on different markets i.e. agriculture futures, equities, interest rates, etc. Entry level traders are paid a competitive salary along with six month bonuses. My second stop was BMO Harris Bank. Harris Bank was founded in 1882 and is a full service bank with a wide range of opportunities. I met with them two years ago and Eller students have been applying to their very competitive financial analyst internship position. We haven’t broken through as yet and I was excited to learn how we can better prepare our students. The recruiter told me that top candidates had to be able to articulate why they wanted to work specifically for the Harris Bank in Chicago. Third stop of the day was Factset. We have two alum working for Factset in Chicago and my meeting was facilitated by a third alum who works in their San Francisco office. Their office is on the 65th floor and has a great view of the city and Lake Michigan. Factset makes financial software and the two Eller students are involved with sales of the software to professionals in the financial industry. They also have MIS positions available. My first three stops were within walking distance of each other in Chicago’s financial district. The fourth stop was a 40 minute ride to Riverwoods which is a northwest suburb. Riverwoods is home to Discover Card Services and its three thousand plus employees. Discover hires students of all majors and this meeting was facilitated by an Eller alum that in just over a year has risen to a leadership role on their campus recruiting team.

Day two started with a visit to the Muscular Dystrophy Association. The MDA is a non-profit that raises money to fight neurological diseases. Formerly headquartered in Tucson they have sold most of their Tucson headquarters and moved into a smaller space. Their new offices in downtown Chicago will soon be the home of many transplanted Tucson employees. They are looking for students with social media marketing skills and offer internship and some full time opportunities in Tucson and Chicago. I spent the afternoon at an alumni career fair at the University of Illinois-Chicago campus. There were alumni from about seven Chicago colleges present and the U of A as well. Candidates interacted with about 100 employers. This imagesevent was coordinated by the Windy City Wildcats alumni organization. My third stop was at the Chicago Mercantile Exchange. The “Merc” is the world’s largest futures exchange and over the last ten years has bought the Chicago Board of Trade and the New York Mercantile Exchange. The new corporation is called CME Group. I met with the Director of the Board of Governors. He is a colleague from my days on the trading floor. The industry has changed completely as the majority of trading is done electronically. He introduced me to the Director of HR and we are looking forward to introducing Eller students to internship and full time opportunities at the CME. That night I went to dinner with the new president of the Windy City Wildcats alumni organization. She helps organize events and fun activities for Wildcats living in the Chicago area.

My last day I met an Eller alum who works for Ernst & Young in their auditing department. Her clientele are mostly financial services companies.  She met Ernst & Young at “Meet the Firms” at Eller and the Phoenix office facilitated her finding a job back home in Chicago. Her father was our original connection at the Harris Bank and he joined us for lunch. A great trip, hopefully several doors opened for Eller students. If anything I talked about interests you please visit a career coach for more details.