This post is the final in a series on the economies of the world, beginning with a post on the Middle East in 2014.

With a population of nearly 4 million, Cape Town, South Africa, is one of 33 metropolises in sub-Saharan Africa with more than 1 million inhabitants. While urbanization has brought the rise of urban poverty, it also holds the promise of industrial development, as has occurred in other parts of the world. Photo from Pixabay

With a population of nearly 4 million, Cape Town, South Africa, is one of 33 metropolises in sub-Saharan Africa with more than 1 million inhabitants. While urbanization has brought the rise of urban poverty, it also holds the promise of industrial development, as has occurred in other parts of the world. Photo from Pixabay

Africa’s population is the fastest-growing of any region on earth, exceeding 1 billion in 2013 and expected to more than double by 2050. Will the region experience rapid economic growth, as has occurred in other parts of the world? Discover the challenges and potential opportunities the African continent faces in the 21st century.  

With 54 independent countries and a rapidly-growing population that currently exceeds 1 billion, the African continent is among the world’s most diverse and high-potential economic regions.

While currently the most impoverished and undeveloped region on earth, the continent is rich in natural and human resources, sparking hopes that economic miracles such as those that have occurred in parts of Asia and Latin America could transform the continent into an economic powerhouse.

However, as of yet, growth rates of real GDP have failed to keep pace with population growth in many African countries, prompting a decline in living standards, while geopolitical, social and environmental headwinds have hindered economic development in many places. Read More

Ruben Velasco ’17 in Washington, D.C., with the U.S. Capitol in the background. The accounting graduate found it rewarding to work in the health sciences field. “My work contributed to a cause that I care about: helping other people,” he says. “I would be extremely fortunate to work for an amazing organization such as this. It is something I hope for in my future.”

Ruben Velasco ’17 in Washington, D.C., with the U.S. Capitol in the background. The accounting graduate found it rewarding to work in the health sciences field. “My work contributed to a cause that I care about: helping other people,” he says. “I would be extremely fortunate to work for an amazing organization such as this. It is something I hope for in my future.”

Ruben Velasco ’17 (accounting) spent the summer in Washington, D.C., in a financial analyst role at the National Institutes of Health, one of the world’s leading biomedical and public health research centers.

For most students and graduates, internships provide an opportunity to move beyond familiar surroundings and develop skills, grow their network and explore potential career paths. For Mihaylo accounting alumnus Ruben Velasco ’17, a summer internship took him to the nation’s capital, where he held a financial analyst role at the National Institutes of Health (NIH), the nation’s leading federal medical research center, in Bethesda, Maryland.

Velasco obtained the internship through the Hispanic Association of Colleges and Universities (HACU), which supports internships with federal agencies for students and recent graduates.

Reducing Student Loan Burdens for Health Science Researchers

While working at the NIH might conjure up images of a medical laboratory environment, Velasco’s position involved financial administrative tasks. Read More

The fall 2017 board of Cal State Fullerton’s chapter of Beta Alpha Psi, which was recently honored with Superior status. “We find that students involved in BAP are more engaged in the classroom, and when they graduate, they are prepared to lead in their field,” says Vivek Mande, interim chair of the Department of Accounting.

The fall 2017 board of Cal State Fullerton’s chapter of Beta Alpha Psi, which was recently honored with Superior status. “We find that students involved in BAP are more engaged in the classroom, and when they graduate, they are prepared to lead in their field,” says Vivek Mande, interim chair of the Department of Accounting.

The Mihaylo chapter of the finance and accounting fraternity Beta Alpha Psi (BAP) was recognized with superior status for last academic year. The ranking is the second-highest honor available to chapters in the international organization, which has 300 chapters on university campuses worldwide.

From preparing the next generation of accounting professionals to providing professional development opportunities to alumni and others in the industry, Mihaylo College’s accounting program is on the cutting-edge of one of the most in-demand fields in the contemporary economy.

Crucial to the Department of Accounting’s outreach to students is its three clubs – Beta Alpha Psi, the Accounting Society and the Volunteer Income Tax Assistance (VITA) program.

This summer, the executive director of the international Beta Alpha Psi organization notified the Mihaylo branch of their achievement of Superior status for the 2016-2017 reporting year, the second-highest recognition that the organization bestows. The status is based on professional activities and service hours per member, as well as chapter outreach activities. The club’s greatly appreciated faculty advisors are accounting lecturers Glen Hatton and Randy Hoffman. Read More

Lieutenant Governor Gavin Newsom discussed his vision for California's economy at CSUF's Irvine Campus on Aug. 30. Central to his goals is a strong commitment to the state's business community. “I have a strong entrepreneurial bias," he says.

Lieutenant Governor Gavin Newsom discussed his vision for California’s economy at CSUF’s Irvine Campus on Aug. 30. Central to his goals is a strong commitment to the state’s business community. “I have a strong entrepreneurial bias,” he says. Photo by Matt Gush

As part of a series of discussions with California gubernatorial candidates, Mihaylo College’s lead office of the Small Business Development Center (SBDC) and the Orange County Hispanic Chamber of Commerce hosted Gavin Newsom, California’s lieutenant governor and former San Francisco mayor, at Cal State Fullerton’s Irvine Campus on Aug. 30. Newsom discussed the economic policies he would pursue if elected to the state’s highest office next year.

For the past quarter century, Gavin Newsom has been a leader in the Golden State, first in entrepreneurship and then in state government.

After founding several wineries, restaurants and retail establishments in the San Francisco Bay Area, at age 30, Newsom was appointed the youngest member of the San Francisco Board of Supervisors in the city’s history. He served as mayor of San Francisco from 2003 to 2011 and was elected to the lieutenant governorship, the state’s second-highest office, in 2010. Today, the 50-year-old Democrat is running to succeed Jerry Brown as the next California governor.

“I have a strong entrepreneurial bias,” says Newsom, who believes that the state’s Democratic Party does not do enough to support the business community. “We are pro-job but also anti-business. It belies common sense.”

Newsom believes that inflexible regulations are a hindrance to California’s economic vitality. He stated that: “the lack of capacity of understanding of nuance, that every rule isn’t black and white, the world is constantly evolving and changing, that some of these rules need to be updated, sunshined, reconsidered,” are all integral to discussions about the future of the state.

Read More

While interning in Germany this summer, Ada Fu ’18 explored many of the major landmarks in Central Europe, such as Berlin’s Brandenburg Gate.

While interning in Germany this summer, Ada Fu ’18 explored many of the major landmarks in Central Europe, such as Berlin’s Brandenburg Gate.

For most students, internships provide an opportunity to broaden their horizons while exploring their desired career path. This experience is enhanced further when it is completed abroad, as Ada Fu ’18 (finance) discovered when she spent the summer in Germany interning with Ernst & Young (EY). She discusses the highlights of her month-long trip abroad and how students can succeed in internships, whether locally or around the world.

How did you secure this internship with EY? What made you decide to take the internship in Germany rather than finding a similar opportunity in the United States?

I found this on CSUF’s Study Abroad website, which mentioned a student exchange program with Aalen University in Germany. Through the school’s partnership, I was able to obtain an internship in assurance practice with EY in Stuttgart.

When the opportunity was presented, I knew right away that it suited me perfectly. Not only would I get to explore the world, but I would also be able to discover what a career in public accounting would look like outside the United States. I also knew that I would be exposed to different accounting standards and people of diverse cultural backgrounds. Read More

The Center for Family Business hosts workshops on issues of interest to family-owned enterprises, such as this event in September 2016.

The Center for Family Business hosts regular workshops on issues of interest to family-owned enterprises, such as this event in September 2016. Photo by Remington Graham’ 16

For 22 years, the Center for Family Business has served as an educational and networking forum for local family businesses, entrepreneurial students and alumni. Here is a look at how to engage with the center during the 2017-2018 academic year.

Ways for Students to Get Involved

Center Director Ed Hart encourages all Cal State Fullerton students to study family business, noting that nearly 70% of businesses are family-owned, thus having a significant impact on the economy and many students’ careers.

“Most of us will work, directly or indirectly, with a family business at some point in our careers, since the majority of all businesses in the world are family owned,” says Hart. Read More

The Transfer Student Open House, sponsored by Mihaylo Career Services, seeks to equip students transferring from community colleges with the support they need to succeed academically and in their careers.

The Transfer Student Open House, sponsored by Mihaylo Career Services, seeks to equip students transferring from community colleges with the support they need to succeed academically and in their careers.

Transfer students arrive at Mihaylo College with greater familiarity with the higher education system and years of experience taking college-level courses. Students also have competing demands, such as working full-time and family commitments, which may extend their graduation dates. The Transfer Student Open House (TSOH) on Wednesday, Aug. 30, is designed to assist incoming undergraduate transfer students as they embark on their academic and career journeys.

“Transfer students are in a unique situation,” says Kasey Noble ’16 (M.S.-education), career development advisor for Mihaylo Career Services. “Unlike first-year students, they already have an idea of what to expect from college-level courses. But like other new students, transfers are adjusting to the new, often larger, campus environment. Transfer students are also entering CSUF at a time when they begin taking their upper-division courses, which adds an additional level of difficulty while they learn to navigate the campus.”

Noble says the Transfer Student Open House (TSOH) will provide attendees with strategies to be academically successful, while keeping internships and career opportunities in mind.

“TSOH this year will function as a conference-style event,” says Noble. “Sessions will be held concurrently and will repeat, allowing students to start at any point during the day and receive the same information. If a student participates in the open house and completes a punch card, they will receive a Mihaylo T-shirt specific to this year’s event. Also, if a student arrives to the mixer portion early, they will be able to grab some pizza while they network with Mihaylo faculty and resources.” Read More

Accounting undergrad Jocelyn Lee ’19 is the recipient of a PCAOB National Scholarship. Photo from the Accounting Society

Accounting undergrad Jocelyn Lee ’19 is the recipient of a PCAOB National Scholarship. Photo from the Accounting Society

Jocelyn Lee ’19 (accounting) is the recipient of a Public Company Accounting Oversight Board (PCAOB) National Scholarship. The award honors outstanding accounting students and encourages them to pursue an auditing career.

For Jocelyn Lee ’19, hard work and good grades have paid off – literally. The junior accounting major was honored with the PCAOB National Scholarship this June, a one-time $10,000 award which will provide funding for her academic program during the 2017-2018 school year.

Lee, a member of the accounting honor society, Beta Alpha Psi (BAP) , and a treasurer for the Accounting Society, has a GPA of 4.0. She has been recognized on the Mihaylo College Dean’s Honors List for each semester since fall 2015.

“I’m very excited, yet humbled, to receive the PCAOB scholarship,” says Lee. “Two of my accounting professors actually did the nominating process without informing me, so imagine my excitement when I learned that I would receive the award! I definitely appreciate their support. It is encouraging to have this recognition, and it makes me want to do more and be more involved. I’m glad that, with this scholarship, I am representing both the accounting profession and CSUF.”

Lee is seeking an entry-level career opportunity in the public accounting field while studying at Mihaylo. “I am currently going through the public accounting recruiting process, and I can’t wait to see where the next two years in college takes me. Because of our great accounting program, I was able to receive this opportunity,” she says.

The PCAOB is a congressionally established nonprofit corporation charged with the oversight of audits of public companies. Scholarship honorees are nominated by universities across the United States, and the awards are funded by the monetary penalties imposed for noncompliance with PCAOB policies.

Mihaylo’s accounting programs offer undergraduate and graduate academic programs, student clubs, access to internship and job opportunities, and networking opportunities. For more information, visit the Department of Accounting online or at SGMH 4313.

Students look through a telescope, equipped with a solar lens, to observe the eclipse in front of Dan Black Hall on Aug. 21, 2017.

A student looks through a telescope, equipped with a solar lens, to observe the eclipse in front of Dan Black Hall on Aug. 21, 2017. Photo by Chris McCarthy 

The first day of the fall semester coincided with the Great American Eclipse, a total solar eclipse visible in a narrow band across the entire continental United States. Southern California witnessed only a partial eclipse, but it was still dramatic enough to draw hundreds of students and local residents to the courtyard in front of Dan Black Hall to watch the phenomenon.

The first day of every semester at Cal State Fullerton means nightmare parking and a crowded campus. But freshmen beginning their studies at CSUF on Monday, Aug. 21 were able to add a history-making event to their college experience – the Great American Solar Eclipse, which was partially visible in Fullerton from 9:06 to 11:45 a.m.

At 10:21 a.m., the eclipse – in which the moon covers the sun – reached its maximum extent, obscuring 69% of the sun’s light.

Eerie shadows were visible across campus, the temperature dropped noticeably, and students and faculty alike took time out from class to enjoy the experience. Read More

For Daniel Coats ’15,’18, student assistant roles have been pivotal in developing his career skills. “I have been able to utilize my writing, research and administrative abilities, gaining years of work experience in my field before graduation,” he says. Photo by Chris McCarthy

For Daniel Coats ’15, ’18, student assistant roles have been pivotal in developing his career skills. “I have been able to utilize my writing, research and administrative abilities, gaining years of work experience in my field before graduation,” he says. Photo by Chris McCarthy

From communications and graphic design to tutoring and student advising, there are hundreds of student assistant positions at the Cal State Fullerton campus. Mihaylo College blog writer and editorial assistant Daniel Coats ’15, ’18, who is graduating this semester with an M.A. in communications, looks at seven reasons you should apply for student jobs at CSUF.

How would you like to have a job that is convenient to your classes, helps you expand your skill set, builds your portfolio, counts as a required internship, provides financial support and helps you build a valuable career network?

This has been my experience over the past four years, thanks to student assistant employment, particularly the student business reporter role that I have held at Mihaylo College since June 2014.

In this role, I have authored more than 370 blog posts, contributed to four editions of the college’s alumni magazine, conducted donor research utilized by senior college leadership and performed various other administrative tasks as directed by the marketing team. Read More