Cal State Fullerton students connect with company representatives at a career event in the Titan Student Union.

Students learn about employment opportunities at a career fair event. Mihaylo Economics Assistant Professor Nick Huntington-Klein suggests that students research wage potential when selecting their fields of study.

How well will your degree program pay off in the professional world? Mihaylo Economics Assistant Professor Nick Huntington-Klein has coauthored a study examining the relationship between college majors and wages.

A university education has many benefits, including personal development, the opportunity to meet people of diverse backgrounds and cultures, and the chance to live your purpose. But for many college freshmen and prospective graduate students, the foremost goal in their education is to have a lucrative and rewarding post-education career.

According to the Bureau of Labor Statistics (BLS), in 2014, the average weekly wage for workers with a bachelor’s degree was $1,101, while the average wage for those with advanced degrees was $1,386, compared to $668 for those with only a high school education. But not all degree programs are equal in their ability to boost student income potential.

“There are large known differences in average earnings of students who graduate from different majors,” Mihaylo Economics Assistant Professor Nick Huntington-Klein says. “These differences can be as large as the difference between graduating with a bachelor’s degree as opposed to not going to college at all. For example, right out of college, the average engineering graduate earns about twice what the average history graduate earns.”

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Mihaylo College finance faculty and students stand while accounting alumnus Paul Folino sits at a Nov. 2015 event.

Alumnus and scholarship donor Paul Lehman (seated) poses with students and Mihaylo College finance and student affairs faculty.

Mihaylo accounting alumnus Paul Lehman ’69 visited campus recently and met with nine recipients of the scholarship he created. He discussed his investing career and shared his strategies.  

Mihaylo accounting alumnus Paul Lehman ’69 has made a lot of financial investments in his career, but he wanted to make a different type of investment in the next generation of professionals when he created the Paul Lehman Scholarship for students interested in investment-related careers.

Lehman has come a long way in his personal journey from boyhood in rural Ohio to successful investor. The Mihaylo donor discussed his life’s journey, career, CSU Fullerton involvement and shared advice with recipients of his scholarship on Nov. 17. “I want to see the results of my investment in today’s Mihaylo business students,” he said.

A Lifetime of Service

Lehman, one of eight children, grew up on a dairy farm in Ohio in the 1940s and 1950s and attended The Ohio State University for two years. Read More

Dan Exley, executive director of data strategy and reporting at Memorial Care, believes that big data will make a major impact on the health care field of the future.

Dan Exley discussed the impact of big data on health care.

Demand for analytical talent could be 50% to 60% greater than the projected supply by 2018, and health care analytics will likely power the next revolution in American health services and sciences, improving patient outcomes and ensuring accurate diagnoses. Dan Exley and Scott Raymond of Memorial Care discussed the impact of analytics in their six-hospital network at the recent Health Care Analytics Seminar.

The advent of big data in the last decade has revolutionized industries across the economy. But perhaps no other field stands to gain as much from this transformation as health care. The accurate and accessible reporting, archiving and retrieval of data can assist practitioners in making prompt and accurate diagnoses, select the most effective medications and identify individual health risks.

There is currently an estimated $300 billion annual potential value to U.S. health care big data and demand for analytical talent could be 50% to 60% greater than the projected supply by 2018.

Memorial Care Executive Director of Data Strategy and Reporting Dan Exley and Executive Director of Information Services Scott Raymond discussed the impact of analytics on their network of six Southern California hospitals at the Health Care Analytics Seminar on Nov. 6. Read More

Breanna and Ivan Sewell pose beneath a canopy amidst the dusty landscape of Desert Hot Springs, California.

Cal State Fullerton alumni Breanna and Ivan Sewell are community leaders in Desert Hot Springs, California, where the couple operate a print shop.

Mihaylo Management Alumna Breanna Sewell ’14 has founded TOP Shop – The Only Print Shop in Desert Hot Springs, Calif. Active in a number of community organizations, Sewell was honored as the Desert Hot Springs Business Person of the Year in 2015 and her business was named 2015 Small Business of the Year. Sewell discusses her business, academic journey and community involvement.

Breanna Sewell ’14 was a CSUF psychology major as a freshman in 2009. “I quickly realized that was not a good fit for me,” she recalls. “My very first business class in spring 2010 was a 7 a.m. business law class-this was not a great way to begin. When I started taking classes in management, entrepreneurship and marketing, I knew I would be happy for the rest of my life.”

Sewell developed the model for her business, TOP Shop – The Only Print Shop, in BUAD 410 – Starting and Managing a Professional Practice/Small Business with Mihaylo Management Lecturer Jeffrey Longshaw. “I was part of the very first BUAD 410 class he and John Bradley Jackson taught together,” she says. “Collaborating with three peers, we developed the final business plan that I still use today.”

After graduation in May 2014, Sewell moved with her husband, Ivan Sewell ’10, to his hometown, Desert Hot Springs, a city of over 25,000 in the northwest corner of Southern California’s Coachella Valley nearly 100 miles east of Orange County. Read More

Taryn Moore, a Cal State Fullerton international business grad, poses in the hallways of Stanford University in Palo Alto, California, where she received her master's degree. Mihaylo International Business alumna Taryn Moore ’11 graduated from Stanford University, one of the most prestigious institutions in the U.S., this summer, with an M.A. in international comparative education. Moore discusses her accomplishment, future plans and the importance of her previous Mihaylo education.

Taryn Moore ’11 can boast of a number of major accomplishments. She graduated with a bachelor’s degree in international business and a concentration in Mandarin Chinese from Mihaylo College in May 2011. She has lived, worked and traveled abroad in China, gaining fluency in the Chinese language in the process. This summer, she added an M.A. in international comparative education from Stanford University in Palo Alto, Calif., to her achievements.

“The education I received at Mihaylo prepared me to study at Stanford in a number of ways,” Moore explains. “The international business program, like most Mihaylo programs, covered a wide range of topics. At Mihaylo, I studied economics, finance and accounting in a single semester. The experience juggling multiple subjects and courses at once made me feel confident that I could successfully manage the course load at Stanford. More specifically, my exposure to the fields of economics and finance at Mihaylo were great preparatory lessons for me as I studied those areas more in depth at Stanford.”

Having attained a world-class education, Moore is now planning to focus on her career, with entrepreneurial plans. “I am excited to pursue work in the start-up world in order to really develop an excellent set of practical, professional skills,” she says. “I look forward to taking on a lot of responsibilities as part of a small team and hope to hold many different jobs over the course of my career.”

Moore offers advice to current Mihaylo students. “When I was in college, I sensed that many of my peers felt really rushed to continue on to graduate school or get their careers started. However, there is a lot of freedom that comes with being a recent college graduate, and I would absolutely recommend taking advantage of that freedom,” she says. “Move to a new place, try out a weird job, be strategic and listen to your gut. If you have any desire to live in a new place – a different area of California, another state, or another country – now is the time to do it. Get into the habit of taking risks and trying new things early in your career.”

Mihaylo College Management Professor Goli Sadri, head of the Women's Leadership Program, is passionate about giving Cal State Fullerton female students the leadership skills they need to succeed in the contemporary economy.

Goli Sadri, Mihaylo College management professor

Mihaylo Management Professor Goli Sadri and program director Joanna Moore discuss the Women’s Leadership Program, which will equip Mihaylo female students with career success and leadership acumen.

“It is vital for women to become aware of some of the challenges that are unique to them and develop the skills necessary to overcome and thrive as leaders,” Mihaylo Management Professor Goli Sadri says. Sadri and Joanna Moore, founder and principal of J. Moore Consulting Services and an advisory board member of the Mihaylo Center for Insurance Studies, have developed the Women’s Leadership Program, designed to assist coeds with the skill development needed for career and leadership success. The program is also made possible through the support of retired Mihaylo Management Professor Dorothy Heide.

“There are many skills that are applicable to both genders, such as possessing high emotional intelligence,” Moore, the program’s director, says. “However, women approach some skills, such as negotiation and advocacy, differently than men. For example, research has shown that women may propose a course of action in the workplace, but if it is rejected, they tend not to re-propose it, a tendency we seek to address.”

Moore notes that women often handle the failure to receive a promotion differently than men. “For many women, if they propose a pathway for a potential promotion and their supervisor disagrees, they personalize the disappointment as a rejection and give up,” she says. “My goal is to help young women view these opportunities differently, in a more positive light.” Read More

Cal State students pose with Chancellor Timothy White, the head of the largest public higher education system in the world.

Cal State students with CSU Chancellor Timothy White (center) in San Diego on May 1. At far left is Mihaylo College student Edwin Valenzuela ’15

Mihaylo Entertainment and Tourism Management Professor Ellen Kim and student Edwin Valenzuela ’15 met with CSU Chancellor Timothy White and the advisory board and program leaders of the CSU Hospitality and Tourism Management Education Initiative to discuss hospitality programs in the Cal State system.

Southern California is among the major tourist destinations in the United States. Direct travel spending in California totaled $117.5 billion in 2014, supporting more than 1 million jobs in the state. In Orange County, home to Disneyland, Knott’s Berry Farm, world-famous beaches and premier shopping destinations, nearly 45 million tourists visited in 2013, spending a record $9.6 billion. Despite the obvious importance of entertainment and tourism on the local economy, CSU Fullerton is the only public institution of higher learning in the county to offer a degree program in the hospitality industry, which includes lodging, event planning, tourist transportation and amusement park management.

Mihaylo Management Professor Ellen Kim, who teaches entertainment and tourism management (ETM) courses and serves as the lead faculty of the college’s hospitality program, joined Mihaylo Entertainment and Tourism student Edwin Valenzuela ’15 in representing CSU Fullerton at the annual CSU Hospitality and Tourism Management Education Initiative meeting on May 1. The event, held on the campus of San Diego State University, featured CSU Chancellor Timothy White, his staff, CSU Pomona President Soraya Coley and advisory board and program leaders of the CSU Hospitality and Tourism Management Education Initiative (HTMEI), which seeks to establish the Cal State system as a leading educational network for students interested in the industry. Read More

CSUF Mihaylo College finance alumna Francesca Cortazar'15 standing in the Mihaylo College courtyard.

Mihaylo finance alumna Francesca Cortazar ’15 is one of four finance students and alumni currently working for Goldman Sachs

Four Mihaylo finance students who participated in the Applied Securities Analysis Program (ASAP) have obtained employment with the financial giant Goldman Sachs. Mihaylo finance lecturer and ASAP program director Michael Milligan discusses the opportunities available at Goldman Sachs.

“Goldman Sachs is considered the premier investment firm in the world, renowned for hiring and retaining only the best talent,” Mihaylo Finance Lecturer Michael Milligan says.

Four former and current Mihaylo finance students and participants in the Applied Securities Analysis Program (ASAP) are now working at the company. The first ASAP student to join the Goldman Sachs team was Irina Arora ’14. “Her performance was so good that Goldman Sachs chose to hire Kelsie Ornelas ’15 and Francesca Cortazar ’15 from this year’s class,” Milligan says.

Chris Harraka ’16, another ASAP student, is currently interning with the company as a summer analyst in Salt Lake City, Utah. He is the first ASAP student to intern for the company.

CSUF Mihaylo College Finance Lecturer Michael Milligan, former director of the ASAP program.

Mihaylo Finance Lecturer Michael Milligan

Harraka discusses his internship experience. “The investment knowledge that I gained in school is now being applied in a fast-paced corporate setting,” he says. “I am fortunate to be learning from incredibly smart individuals, meeting with senior management, and understanding how the firm functions both financially and operationally.”

“Goldman’s name and reputation in the finance industry will lead other investment firms to look at Fullerton for future employees,” Milligan says.

Cortazar, who was hired as a credit risk analyst at Goldman Sachs in Orange County, credits her Mihaylo education for her career opportunity. “ASAP not only deepened my knowledge and understanding of finance but has also provided me with the skills needed to succeed in the industry,” she says. “This program has made me even more passionate for finance, and it was truly one of the best experiences of my life.”

Founded in 1869 and headquartered in New York City’s Lower Manhattan, Goldman Sachs has been at the forefront of investment banking, commodities, mutual funds and other financial services, particularly for institutional clients. As of 2013, the company employed nearly 32,000 people worldwide. Two U.S. secretaries of the treasury, Robert Rubin under the Clinton Administration and Henry Paulson under the second Bush Administration, had careers in the company before holding public office. “A major advantage to working for Goldman is that having Goldman Sachs on your résumé will open doors if you decide to leave Goldman,” Milligan notes.

“I feel very fortunate to be working for such a prestigious firm,” Ornelas says. “None of this would be possible without the learning experience gained from ASAP and our program director Michael Milligan.”

For more on the ASAP program, visit online or contact Milligan at mmilligan@fullerton.edu. For more on career opportunities at Goldman Sachs at locations worldwide, visit the company’s careers site.

Irene Lange, who was the first faculty member of Cal State Fullerton's Mihaylo College to achieve 50 years of service to the college.

Mihaylo Marketing Professor and Department Chair Irene Lange. CREDIT: Matt Gush

Mihaylo Marketing Professor Irene Lange has been involved with the CSUF business college for 50 years. She discusses her research during her career and the changes in the college and the industry.

“Over 50 years, the essence of marketing, which is providing value to the customer, has not changed,” says Marketing Professor Irene Lange, Mihaylo’s first faculty member to teach for five decades at the college. “However, technology has transformed the tools we use to communicate with the consumer. The emergent fields of Internet marketing, database marketing and social media marketing embody this shift to capturing big data through consumer technology interfaces on a one-to-one basis in real time.”

Lange was born in the Baltic State of Lithuania to German-Russian parents during World War II. Much of her childhood was spent in refugee camps while her father fought in the Lithuanian military. After the victorious Soviets sentenced her father to 20 years of hard labor, Lange immigrated with her mother to the United States, where she completed undergraduate, graduate and doctoral degree programs in marketing at the University of Illinois.

Ensuring a Global Perspective for Cal State Fullerton’s Business Program

Lange joined the CSU Fullerton staff in 1965, less than a decade after the university’s founding in 1957. For more than 20 years, she was the executive director of the International Marketing Association of Orange County, assisting small companies with export programs. Among her current community involvements are membership in the Southern California District Export Council, the International Committee of the Fullerton Chamber of Commerce and the International Business Advisory Committee of Fullerton College. Read More

The Taj Mahal in Agra, India in the distance

The Taj Mahal in Agra, India’s most iconic landmark.

India is poised to become the most populous country in the world in the next few decades, and the rapidly growing country is now the 10th largest economy in the world in terms of GDP. Mihaylo Economics Professor Dipankar Purkayastha discusses the current state and outlook for the Indian economy and the other nations that make up the Indian Subcontinent, including Pakistan, Sri Lanka and Bangladesh.

With a population of more than 1.5 billion people, or more than 20% of the world’s total population, the nations that make up the Indian Subcontinent comprise a rapidly expanding economic region. The Indian Subcontinent is a region of South Asia, including the nations of India, Sri Lanka, Pakistan, Nepal, Bhutan, the Maldives and Bangladesh. Foremost among the nations of the region is India with a rapidly growing population of more than 1.2 billion and an economy that ranks as the world’s 10th largest in terms of GDP.

“India is so large, that almost everything you say about it proves to be untrue,” says Mihaylo Economics Professor Dipankar Purkayastha. He studies economic development and international trade and is originally from India. “Some Indians are rich, but the vast majority of Indians are poor, and the presence of wealthy Indians makes averages misleading,” he explains.

A Legacy of Economic Leadership Precedes India’s Recent Rise 

India’s position as a vital player in the world economy is both a recent development and a continuation of a long history for that nation. During ancient times, there was a lively trade between the major western empires of the time, including the Roman Empire, and India. The late economic historian Angus Maddison suggested that India may have been the world’s largest single economy during the first millennium A.D. During the Mughal Empire (1526-1857), India’s economy is believed to have contributed around one-fourth of the total global GDP. Read More