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Shank ’16 Chicago Finance: Sink or Swim

Shank '16 puts Wabash time management skills to use as he works remotely from Chicago Starbucks.

Shank ’16 puts Wabash time management skills to use as he works remotely from Chicago Starbucks.

Ben Shank ’16 - I am very thankful for the opportunity provided to me by Wabash’s Small Business Internship Fund.  It has allowed to me work a new product launch on a financial software project at a Chicago-based company, under the supervision of a Wabash alumnus.  He has gained a wealth of knowledge about the business world since graduating from Wabash with an economics major.  He has worked at the Federal Reserve Bank of Chicago and received an MBA at the University of Chicago.  This is all very relevant to my future pursuits as I am currently a rising junior economics major hoping to work in the financial field.  I also hope to one day get an MBA at a top school like UChicago.

I have been able to use skills I picked up at my previous internships at AMI Investment Management (also founded by a Wabash grad) in terms of competitor research.  While I was primarily researching stocks at AMI with the intent to purchase them, now I am researching companies from a competition standpoint. The internship has helped me think about “marketing” in a whole new way.  Before, I had associated marketing with artistic logos and creative jingles, none of which are really my forte.  However, I now see marketing as gaining an understanding of your current surroundings and peers and then identifying the need.  This will serve as valuable insight as I pursue a further career in business and finance.

Shank '16 SBIF Adorant2

This is a picture I took of Lake Michigan while walking on Lake Shore Drive during my internship.

Another interesting aspect of the internship has been the exploration of personality types and the way these impact consumer behavior.  One of the first things I did upon starting the internship was to take a Myers-Briggs personality test.  The (free and online) test asks you to answer about 80 questions, basically about how you operate.  I found that I am an ENTJ type; look it up – it’s fun to see how well your type describes you.   The goal is to not only identify what work habits work best for yourself, but also to attempt to identify how each “type” of consumer will respond to different products and features.

One of the great features of this internship is that it allows me to live in Chicago.  While I work remotely, typically from a coffee shop or my apartment, I do get to meet with my boss a couple times a week to touch base.  This internship forces one to develop time management skills since there are no set hours.  Luckily, Wabash is structured to the point that you either sink or swim based on time management skills or the lack thereof.  I highly recommend guys interested in a career in business or entrepreneurship to look into interning here through the Small Business Internship Fund in the future!

 

 

 

King ’16 Business Plan Satisfying Experience

Brenden King ’16

Brenden King ’16 - It is hard to believe that 5 weeks have already passed in the LABB program. In these first 5 weeks, we have covered everything from writing a business plan to a crash course in marketing and finance. Roland Morin ’91 our instructor and boss was not joking when he said we would receive a mini MBA this summer. This past week may have proven to be the most challenging, but most rewarding, for the course. For our past business plan we were given a few weeks to gather information and present our idea, for this time around we were given a week and I think the entire group agrees that we were able to deliver.

Split up into groups of four to five, we were each tasked with finding an idea for a business and presenting it to prospective investors. My group was made up of Ryan Anzalone, Thanh Tran, Denzel Wilkins, and myself. After a few sessions we came to the idea of a 3D printing schematics company. With only a week to prepare our group, along with the other three, we used every minute we had granted to us to put together our plan.

The end result could not have been more satisfying. All of the groups were able to build their plans with only a week for preparation. The other businesses that my peers created were a marketing firm, a record label, and a cross-fit gym – all of which were researched and presented professionally. The next and final step for the program is the consulting project for Wabash College. I would like to thank the Lilly Foundation and our instructor Roland Morin for making all of this possible.

Grant Klembara ’15 - In late January, I attended the winter Trustee-Alumni Board Dinner with some of my fellow Wallies. After mingling with a variety of doctors, CEOs, entrepreneurs, and other successful alumni, I found myself sitting at a table with Jim Kerr ’92, the VP of Business Development at Allegient, LLC. Eager to make good first impressions, students anxiously introduced themselves around the dinner table. Alumni, on the other hand, cracked jokes to break the ice and calm the noticeable tension. Before long, everyone began sharing stories, ideas, concerns, and life lessons that related back to our beloved college. Jim and I swapped stories about sports and life, recounting the sweet memories that will forever shape our views of Wabash. The night ended with contact sharing, hand-shaking, goodbyes, and promises to keep in touch.

Little did I know that four months from then, I would be the newest member of the Allegient marketing team—sitting just on the other side of the wall from Jim’s office. With no previous ‘corporate’ work experience, I really didn’t know what to expect. Guidance from Brad Pusateri ’14, my fraternity brother and Allegient’s last Wabash intern, eased some of that uncertainty. He helped me through the application process and introduced me to Lindsey LaBerge, Allegient’s Marketing Manager.

Since my first day in May, I’ve had not only the privilege to work with Lindsey and Josh Burkhead, the newly hired Social Media Coordinator, but the opportunity to learn from them and their experiences. I’d like to thank both them and the entire Business Development Team for supporting and directing me these past five weeks, and for accepting me as a member of the team. It truly has been an amazing learning experience.

Klembara '15

Klembara ’15

At this point, you’re probably thinking, “That’s great, Grant… but what have you being doing for the past five weeks?” I’ll stop dancing around the question. I’ve been Inbound Marketing Certified for Hubspot, a company providing a SaaS to help other companies with their online marketing strategies. I’m also currently working on a sales certification in two Microsoft products: SharePoint and Dynamics CRM. I’ve written several blogs addressing Allegient’s new partnerships, researched Allegient’s use of social media outlets and produced reports/schedules for each (i.e. Twitter and LinkedIn), and I’ve participated in business meetings, webinars, in-person seminars, and event planning committees.

One of my favorite experiences thus far has been my interaction with Element Three, a marketing agency just down the road. Allegient is currently in the process of formalizing a “Brand Plan,” to help enhance and direct their marketing efforts. From a marketing perspective, I simply couldn’t be with Allegient at a better time. I have been free to actively participate in the discussion thanks to Lindsey and the Allegient Team.

There’s a difference between being busy and doing busywork. There’s no doubt I’ve been busy. This internship has proven to be unique; activities such as filing folders, making copies, and running tedious errands have not been a part of this experience. There’s a reason for that. Allegient recognizes the importance of personal improvement and the value of firsthand experience. No matter how big or small their role is, each employee is seen as a valuable resource to the company. I believe it is that attitude that separates the good companies from the great ones.

Of course, none of this would be possible without the Lilly Endowment Fund, so to them I am thankful. This partnership and investment in Wabash College students will undoubtedly continue preparing young men for a successful future.

 

Anzalone ’16 Alumni Provide Glimpse into Marketing Careers

Anzalone ’16

Ryan Anzalone ’16 - Wabash has countless benefits, but I have found that the liberal arts education alone falls short in terms of job preparation. The Liberal Arts Bridge to Business (LABB) is a perfect program for me because it has allowed me to get the business-focused education that I felt was missing from my normal Wabash experience.

This week was particularly interesting for me because we learned about marketing. We visited a firm called JMI and learned all about the world of auto sports marketing. A big thanks to Wes Zirkel ’98 for taking the time to share his wisdom and teach us about his experience with marketing. Everything about JMI was cool, down to the exotic car showroom which we got to look around in. Here’s a look at one of the awesome cars in the showroom.

A peek into JMI's exotic car show room as Zirkel '98 gives LABB Interns a tour of the facilities

A peek into JMI’s exotic car showroom as Zirkel ’98 gives LABB Interns a tour of the facilities

Later that day, we went to Triton Brewery and got a grand tour of the facility. David Waldman ’93 followed his passion and founded Triton as a high quality craft brewery. I got to learn about the entire process of brewing starting from the water that comes into the building to the bottled beer which leaves the other side. David, we all had a great time at Triton and enjoyed learning about your career, as well as your time at Wabash.

Before this week started, I understood marketing as advertising primarily, but I learned that there is so much more to it. I’m not sure if I have enough creativity to be a good marketer, but I would definitely enjoy my work if it was my career. The LABB program has taught me and my peers so much in only three weeks, and we are all looking forward to the final four weeks. A special thanks to the Lilly Endowment which made this opportunity possible and to Roland Morin ’91 for pushing us all to work hard and continue to learn about the complex world of business.