Posts

Showing posts from January, 2020

Illinibucks

The concept of Illinibucks is extremely interesting because there are definitely students that would like to choose what they have priority in and what they don’t mind waiting for. This concept would allow students to spend their money in areas that they care about being prioritized. As long as the school allocates the same amount of illinibucks to all the students, I think this concept is fair. It would not allow wealthier students to purchase priority over others and the class standing of a student cannot impact their priority either. The concept of illinibucks would stop this and promote equality throughout campus. I have thought of various concepts throughout campus that Illinibucks could be used for. One of the first things that came to mind is picking out a dorm freshman year. Many students already know which dorm they want to live in during the admission process, while others do not care to decide until Summer. Currently there is a lottery system that randomizes who gets p...

Effective Team Structures

I have been a part of various organizations on campus; however, I feel like I have been a part of a very successful team on Illinois Business Consulting. This organization is part of Geis College of Business, and it is student-run but has a couple faculty members that oversee it. The organization has over two-hundred undergraduate and graduate students in it. There are about twenty-five projects a semester with different teams of students assigned to them. The purpose for Illinois Business Consulting is to have students offer consulting solutions to various organizations around campus or large-scale companies internationally. This provides companies with a cheaper consulting solution, and it gives students real world consulting experience. I was able to work with a large-scale insurance company based out of New York City. The company wanted to implement a start-up data analytics tool for their human resources department. This tool was needed to help the company seek and maintain t...

Opportunism

This is an interesting topic because the first thought that comes to my mind when people don’t act opportunistically when they have a chance is not due to an ulterior motive. Usually I would believe that people do just have good morals and are a “good citizen”. After analyzing opportunistic situations, I realized that there are often ulterior motives involved when people choose the ethical route. In my own situation, a chance I had to act opportunistically was during my summer internship. During a group project with 3 other interns, there was one intern that did not put in much work or help out with the presentation. Although my teammates tried to confront him, his work ethic did not change much and we decided to finish the work up ourselves. This was a little bit frustrating to pick up his slack, but the work was not that hard to complete. After my group presentation, all of the interns had interviews with the Company’s HR team to potentially sign for a full time job. During these i...

Organization Experience and Transaction Costs

Over the Summer, I had the opportunity to intern in the Corporate Real Estate department at First Midwest Bank. This position required interest in the field of real estate; however, it also required financial and data analysis skills. Although my major is in Economics, I am double-minoring in Informatics and Business Administration. These minors have allowed me to obtain financial knowledge and technical skills, which were needed for the internship. I also have had a strong interest in real estate and was pursuing a real estate license, which ultimately got me the job. My internship consisted of tracking and analyzing various metrics and financial data for the bank’s properties. This included creating financial spreadsheets for mergers and acquisitions of properties, analyzing the branches that should be shutdown, and researching other bank branches to potentially acquire in the future. In addition, I worked on a project throughout the entire summer that could make the financial da...