Chico Econ Grad Careers
Dave Armstrong graduated in 2012. He is a Project Specialist at the Center for Economic Development (CED). The Center’s goal is to cultivate and strengthen north state economies and encourage entrepreneurship. David’s job consists of supporting Native American tribes in creating comprehensive economic development strategies, managing the CED newsletter and mentoring our student researchers on various projects. Dave said, “Collecting, analyzing, and interpreting data is my specialty. Having a strong base in economic theory has enabled me to succeed in this position and help foster economic growth in our region.”
Orrin Banta received his Bachelor of Arts degree in Economics from California State University, Chico in 1994. After graduating, Orrin conducted economic, demographic, and public opinion research and analysis independently and as an employee of a local research and consulting firm, spent several years with the Superior Court of California, County of Butte in various administrative capacities, including coordinating Butte County’s drug court programs, and is now employed as an Events Coordinator for Strategies (http://www.familyresourcecenters.net/), a nonprofit training and technical assistance program that provides guidance to social service organizations in an effort to reduce child abuse. Orrin’s primary role is to coordinate the logistical aspects of training events and other projects, and to provide administrative support to Strategies teammates. He has been instrumental in the development of numerous training programs including Family Economic Success and the Sustainability Project.
Orrin confirms, “A degree in economics will benefit you regardless of the path you choose to take through life. Perhaps the greatest benefit is the way a study of economics expands and develops thinking processes. The ideas, methods, and tools about which you’ll learn will become invaluable to you whether you’re managing a household or a multi-national corporation. From an understanding of the elements affecting supply and demand and marginal rates of return, to monetary policy, and more complex statistical analysis, an education in economics will serve you well. Economics allows us to evaluate in a fuller light the claims made by advertisers, government officials, and political candidates, as well as our own behavior and the behavior of family members, coworkers, customers, and others. Either at work or in my personal life, I use the education I received through Chico State’s Department of Economics on a daily basis.”
Shaun Carrigan graduated in 2011 with a BA in economics. He works at, Veeva Systems, a software company in Pleasanton, California. Veeva is a cloud-based software company that provides solutions to the Life Sciences Industry. As a Release Engineer, Shaun manages the software builds and releases for all of Veeva's supported platforms including Online, Windows Tablet, iPad, iPhone and Blackberry. This role requires in-depth knowledge of multiple operating systems (Windows, Mac OS X, and Linux), programming and very quick problem solving skills.
“My degree in Economics has helped me to think outside the box and to have a more analytical approach to solving problems. It also opened the door for interning at the Center for Economic Developer (CED) where I had the opportunity to work with regional data, economic indicators, and Geographic Information Software (GIS).”
Stuart Casillas graduated in 1996 with bachelor’s degrees in economics and strategic management. He went to Ohio State where he received his law degree in 1999. He is now a partner in the San Francisco office of the international law firm, Kirkland and Ellis.
Rachel Coulson graduated in 2013. She is an account manager at Point of View Communications, an advertising, public relations and integrated marketing firm in Valencia, CA. She works very closely with the President/CEO as her executive assistant and is directly responsible for producing content on four client accounts, all of which are based on economic analysis. She ghostwrites a monthly feature article in the Santa Clarita Valley Business Journal for an independent community bank, tracks advertising ROI in the San Fernando Valley and Los Angeles Business Journals and researches FDIC reports for list rankings in various publications. She also develops and implements promotion and publicity campaigns for a nonprofit health organization, CPA firms and the Santa Clarita Valley Economic Development Corporation. Rachel said that “Studying economics helped me gain an intuitive understanding of how my clients respective industries interact with their various consumers, as well as how to clearly articulate complex information in writing.”
Matt Deatrick graduated in 1998. He is a marketing executive for Verizon Wireless Connected Devices where he focuses on bringing 4G LTE speeds to consumer devices. His goal is to enhance consumer devices, such as connected homes, gaming, health/wellness, security, and tablets. Matt’s duties include initial market research and analysis, partner engagement, business modeling and strategy, design of product road maps, negotiations, and go-to-market support. “We find, vet, and launch the next generation of mobile devices (non-smartphones) on the world’s most reliable 4G network,” Matt stated in a recent email.”
Sam Enriquez graduated in 2011. He said “It was during the summer following my graduation that I made one of the most difficult decisions of my life, to leave California for the big apple, New York City.” He had accepted a job working for a digital advertising agency where he had interned during the previous few summers while at Chico State. Advertising agencies have long been sought after by companies big and small for brand positioning, creative ideas, and overall revenue driving strategies. Sam’s company, Resolute Digital, works as a strategic business advisor for clients who want to expand their brand's footprint whether it is by mobile application/web development, and/or by Sam’s area of expertise, media and analytics. In his role as an Analytics Manager, he oversees the implementation of web and increasingly, mobile analytics strategies to track key pieces of business data. Analytics is the foundation of any marketing strategy, and Sam’s company helps give businesses the tools to analyze important metrics to make smarter data driven decisions. According to Sam, this is a very new field and a critical part in bridging the gap between marketing strategy and the decisions key business stakeholders make. Although this role is more technical in nature than his economics courses, according to Sam, “It has proved incredibly valuable throughout my career thus far. The ability to analyze data, construct theories and draw conclusions is the key thought process which will bring you success in your career, regardless of the path you take. I'm now responsible for all west coast operations and help manage the marketing strategy with one of our key clients on-site in Orange County, Local Corporation.”
Jeff Felardo graduated with a BA in economics in 2005. He is an assistant professor at Eckerd College, where he focuses on Environmental Economics. After graduating from Chico State he spent a few months in Thailand on a USAID grant managing an English language library. He then obtained a Masters in Economics at the University of Wyoming where he started his research on development and the environment in Thailand. He recently obtained his PhD from the University of New Mexico where his dissertation focused on forest management in Thailand and the UN's REDD+ program. He graduated from UNM this year, and Eckerd is his first position since graduating. In a recent email he stated that “Eckerd is great, because of the small class sizes and the focus they have on student success. It reminds me of Chico State. I also helped develop a website which provides assistance and explanations for tricky economics concepts.”
“My degree/experience from Chico State was crucial in my success because of the mentoring I received from Economics professors Michael Perelman, Barney Hope, James O'Toole, English Professor Thia Wolf, and the study abroad coordinator Tasha Dev. Michael and Thia really introduced to a world larger than Northern California, and they always motivated me to do more. Barney and O’Toole were the chairs of the economics department during my stay and helped me with studying abroad, graduating, and applying for graduate schools. Finally, Tasha Dev introduced me to international programs and helped me focus on the international aspects of my education as well as positioning me to receive that USAID grant which really started my graduate school career.”
Mitchell Ferguson graduated with a Honor’s in economics in 1992. He took the Foreign Service Officer Test twice, passed it the second time, and started working for the State Department. As an Economic Officer for the U.S. Department of State, Mitchell Ferguson has been assigned to Embassies around the world, tasked with advancing U.S. economic policy with foreign counterparts. Economic diplomacy includes informing U.S. policy makers on host-country economic conditions, as well as presenting U.S. positions to host-country officials. He is the Counselor of Political and Economic Affairs at the U.S. Embassy in La Paz, Bolivia. Mitch has also served in Colombia, South Africa, Mexico, Washington, Angola, and El Salvador.
Brian Fitzgerald graduated in 2007 with a B.A. in Economics. He went to work for a private consulting firm in Sacramento specializing in efficiency and compliance auditing for local and state agencies across the country. In 2009, he went to work for the Department of Health Care Services (DHCS) in a project management capacity where he leveraged information technology resources and quantitative methods to increase operational efficiency and effectiveness.
Currently, he serves as the Section Chief over the Cost Avoidance Section (CAS) within DHCS, a program that impacts approximately 1.7 Californians each year. Under his direction, the CAS is responsible for cost avoiding roughly $3 billion annually, and ensuring compliance with federal and state statutes.
Jennifer Fullmer Harris
Jennifer Fullmer Harris graduated in 1990 with BAs in Economics, German and International Relations. While a sophomore, Harris switched from Biology to Economics after realizing the latter was as essential to our daily personal and professional interactions as the former. She also enjoyed the fact that Economics, as a behavioral science, suited her growing interest in international cultures. She made two other key decisions to shape her career: to study overseas during her junior year (International Programs, Heidelberg ’87-88) and to complete a 6-month cooperative education program in Washington, D.C. during her senior year. This paid internship at U.S. Agency for International Development (USAID) introduced the Chico native to life in many developing countries of our world. She joined the Economics Student Union to get to know the “mellower” side of ECON professors and students. Ironically, club antics brought out amusing, fanatical behavior by those who competed in the students vs. faculty/staff softball games of the late 1980's. Join and enjoy: the coveted bragging rights (or revisionist history) have no expiration date! After graduation from Chico State, she was hired at USAID where she served 11 years in three roles: Contracts/Grant Specialist (a field where being an ECON major will often get your foot in the door), Country Affairs Officer for the Baltics and Poland, and Environmental Protection Specialist in Eastern Europe and the former Soviet Union. Preferring a “left coast” life, she volunteered a year at the Mendocino Coast Botanical Gardens and worked 6 years as a Buyer for a local manufacturing company.
Harris currently works at the CSU, Chico Research Foundation, Office of Research and Sponsored Programs, developing grant proposals for faculty, staff and members of the various Research Foundation centers on campus. She wishes more were aware of the brilliant research and project direction that these people finesse every day at CSU, Chico. Advice for students: check out the growing field of project management, project evaluation, or research administration in which economics plays a vital role (i.e., where you can make a good living in the art of “teamwork”). Also, get to know the knowledgeable counselors at our campus Career Center and familiarize yourself ASAP with federal internship opportunities and deadlines.
Brett E. Gottlieb is a serial entrepreneur with a passion for building companies and being involved in various business projects, which allow him to grow both personally and professionally. His expertise has developed over the years in areas of operational management, business development, strategic marketing, and organizational enhancement. He is currently the Co-Founder and Chief Operations Officer of Official Quote Insurance Services, LLC, Founder & Managing Partner of Comprehensive Advisor, Chief Marketing Officer of Fusion Multiplex, and Co-Owner of Chelsea Taylor Palm Desert, as well as a few other new ventures currently under development. Brett is always intimately involved in the day-to-day operations of his various companies, so as to see their financial and organizational growth.
Brett holds a Bachelors of Science Degree (BS) in Business Administration with an emphasis in Marketing and a Bachelors of Art Degree (BA) in Economics, both from California State University, Chico, where he graduated in 1999. He is also a licensed insurance agent in all 50 states and is an Investment Advisor Representative. He currently resides in San Elijo Hills, CA, with his wife Lital, daughter Avery and newborn son Skyler.
Warren Jensen graduated in 1997. He now manages research activities at the Center for Economic Development at California State University, Chico. He directs projects involving community indicators, industry cluster economic development, economic and fiscal impact analysis, survey research, and assisting organizations with analysis and interpretation of their own datasets. Warren began his tenure at CED as a research intern in 1996.
Jessica Koppel graduated with honors in economics major in 2007. After graduation she began working for U.S. Trust Bank of America Private Wealth Management as a client sales and service officer in Chicago. In this position she assists the U.S. Trust client team in servicing clients and in building businesses.
Next year she plans to enroll in graduate school so that she can become a teacher. In a recent email Jessica said, "My dream is to teach one day. I want to inspire kids and help them overcome challenges. I know it's a drastic change from banking to teaching. I have been thinking about this for about four years and it isn't easy changing careers. I have my paraprofessional certificate which would allow me the chance to be a TA."
Thomas Logan graduated in 2012 with majors in economics (honors) and finance and minors in mathematics and accounting. Since February 2013 he has been working in San Francisco, California, as an analyst on the institutional sales team that supports J.P. Morgan’s business development and capital raising efforts. His team works with clients, corporations, unions, and state and local governments, to raise capital for a variety public and private investments across equity, fixed income, and real estate markets around the world. More specifically, he is responsible for answering client inquiries and developing customized presentations based on client concerns, investment outlook and financial market conditions. Client responses and presentations cover a range of portfolio management topics, but broadly focus on asset allocation, investment strategies, macroeconomics and financial economics.
Jake Lovisolo graduated in 2013 with honors in the economics major. He now works for Deloitte Consulting in Pleasanton, California. As a Human Capital Analyst, he helps companies align their employees with their overall business strategy. “More specifically,” Jake explained, “I work with the clients to figure out their specific needs from Workday based off of their strategies and processes. I then take this information and configure the system to work according to the way the client needs.”
Qasim Malik graduated in 2011 with a bachelor’s in economics with an option in international economics. He started his own technology firm in Dubai, UAE, where he forecasts market trends for the technology sector. We try to use our forecasting skills to always reduce the risk and to make decisions that allow us to capitalize on potential tech investment opportunities. Qasim stated that “My economics degree is very helpful in business development as it provides an opportunity to forecast and simulate different strategic decisions for our clients and the implications of that for the business environment. I use economics to derive the most efficient business development in house and for our clients.”
Kimberley Mazza graduated with a BA in economics in 2005. She is a senior consultant at Cardinal Health's Operations Technology Pharmaceutical Segment in Dublin, Ohio. She is responsible for identifying and integrating technology that will help Cardinal Health become more efficient. In a recent email, Kimberley stated, “The job I recently accepted requires an Economics degree. I have been very lucky with my degree; specifically econometrics and medical economics have been the most useful courses in my career as I work in medical and pharmaceutical supply chain.”
Marcy McCormick graduated in 2012. She is in graduate school at the University of Colorado, Denver, and has an internship with Datalogix. She expects to complete her master's degree in May 2014 when she will move from the internship to a permanent position with Datalogix as an analyst in the Industry Facing Research branch of the Analytics department. "I'll essentially be analyzing our methodologies and results to contribute to industry whitepapers on marketing analytics," Marcy stated in a recent email. Her official duties from her offer letter are as follows: (a) Work closely with Datalogix team leads to become one of the most knowledgeable analysts in the industry when it comes to measuring campaign performance. (b) Leverage Datalogix Analytics resources to develop best in class investigative reporting to identify and help resolve issues that compromise campaign performance. (c) Identify opportunities for improvement in internal systems and processes, investigate hypotheses, report findings, and drive necessary change/advancements to various internal groups (R&D, Account Management, etc.) (d) Structure projects and guide technical team members in the creation of dashboards, KPIs, and reports to lead adoption of fact-based decision making in the organization.
Jaime Mendoza graduated with a degree in economics in 1996. He is CEO and founder of GoAhead Solutions, LLC, a San Francisco Bay Area firm that provides IT talent and Oracle software resell services. He stated in a recent email, "The analytical skills that I developed in route to obtaining my Economics degree enabled me to clime the corporate ladder and eventually form my own company. There are a lot of factors that change in the economy and being able to adapt and change are crucial to sustaining a business in any economy."
Marianne O'Malley graduated with a BA in economics and a BA in political science in 1982. She went to Harvard where she received her master’s degree in public policy in 1985. Her master’s thesis on the topic of “Cruising for Parking” in central cities was awarded first prize by the American Planning Association. She is the Managing Principal Analyst of the State and Local Finance section of the Legislative Analyst Office (LAO). Ms. O’Malley has broad responsibilities for supervising matters related to state employee compensation, infrastructure spending, and state and local taxation.
Since joining the LAO in 1985, Ms. O’Malley has testified and lectured extensively on the subjects of local government finance, property taxation, sales tax, the initiative process, and state infrastructure investment. She is the principal author of a series of LAO reports examining modern California local finance and a recent report on the dissolution of redevelopment.
Ms. O’Malley has fond memories of Chico State. “Frankly, I wouldn't have gotten where I am without Professor Jon Ebeling's and Professor Michael Perelman's kind and active encouragement,” she stated in a recent email.
Erik J. Nix
Erik J. Nix received his BA in Economics in 2011. He works for APX in San Jose as a Market Operator. Erik works one-on-one with clients such as energy trading firms or power plants to assist them in participating in various energy markets both domestic and international. In a recent email Erik said that “I use analytics that I learned at Chico to create and change how we work with our clients and how best to view and work with different real time data streams. My degree has been very helpful in doing analysis on the job and particularly with Excel, which I constantly use. I have used my knowledge of economics to great effect in my workplace; I was hired because of it.”
Frank Quintero finished his B.A in economics in 1987. He serves as the City of Merced’s Director of Economic Development. He also oversees the City’s downtown revitalization and Merced Visitor Services programs. Other duties for Mr. Quintero include managing the City’s Housing Division working with the University of California Merced. Mr. Quintero is the City of Merced’s point of contact for business recruitment, retention, and expansion.
Frank is Vice-President of TeamCalifornia, and participates in a number of outreach efforts on behalf of the State of California. He is a member of California Association for Local Economic Development (CALED) and their President’s Advisory Committee, and International Council of Shopping Centers (ICSC) and their Northern California Alliance Program Committee.
Mr. Quintero is a 1989 graduate of Virginia Polytechnic Institute and State University with a Masters in Urban and Regional Planning.
Dan Ripke graduated in 1991. He is the Director of the Center for Economic Development at Chico State. He oversees the economic development programs which serve communities and businesses throughout California. The Center's mission is to work with regional business and community leaders to identify opportunities for regional economic prosperity, and leverage campus resources, faculty expertise, and student energy to address these opportunities. Among the Center's programs are Applied Research, Technology Programs, Small Business Development Centers, Broadband Access, and Business Intelligence.
Katrina Robertson graduated summa cum laude in 2002 with a B.A. in Economics and a Minor in Business Administration. After graduation she began working for a local accounting firm. In 2011 Katrina came back to campus as an Accounting Supervisor for the Associated Students of CSU, Chico. In her current position she supervises accounting technicians and performs a variety of professional financial analyses and accounting functions. In a recent email Katrina stated that “My degree in Economics has given me the analytical reasoning skills and math and communication skills necessary for my job. Additionally, I gained a general understanding of the different elements of a business, enabling me to see the full picture.”
Douglas Smith graduated in 1995 with bachelor’s degrees in economics and music. “Long before I went to Chico State, my long term goal was to become a lawyer. That said, after obtaining my econ degree I found myself looking at possible JD/MBA programs and graduate economics programs. I ultimately went with the law, but it was a tough decision,” according to Douglas.
He finished McGeorge School of Law first in his class of 250. Douglas is now a shareholder in Florida’s premier environmental law firm, Hopping Green and Sams, where he litigates cases that often involve real estate issues.
“Economics was extremely useful in law school, both in helping me grasp the subject matter and in problem solving,” Douglas recently stated in an email. He continued, “In practice it is even more useful. Too often, opponents (both principals and their clients) can lose sight of the economic constraints and opportunities posed by legal problems. My best clients are the ones who can keep their emotions at bay and look at matters from an objective, economic standpoint. The fallacy of sunk costs is another concept that arises regularly. Overall, economics is an excellent degree program for those seeking out careers in the law.
John Spade, who was recognized for his technological contributions to the Economics Department and to the University, graduated with a major in economics in 1995. He owns a company providing Cisco networking and technology consulting services for SMBs in Pompano Beach, Florida.
Dave Steindorf graduated with a BA in economics in 1985. He is stewardship director American Whitewater. He has been an active river advocate in California since 1997. As the primary negotiator for American Whitewater, Dave has gained a reputation as a consensus builder. He has been able to gain the respect of Agencies, NGO's, and Licensees while successfully achieving the goals of his constituents. He was a signatory to the Rock Creek Cresta Settlement agreement, along with past AW Board President Kevin Lewis, and AW Conservation Director John Gangemi. This agreement provide for the first whitewater releases in California. He has since worked diligently to organize and sustain the releases on the North Fork Feather River.
Dave has a diverse range of recreational, professional and educational experiences that make him uniquely suited for his role at AW. Dave has more than 8 years of experience working on FERC Relicensing. Dave is somewhat of an anomaly, in that he has not only worked in an advocacy role but also as a consultant for several Utilities in the West. During that time he has had a role in 12 recreational flow studies as well as studies on angling and flat-water boating. Dave is also able to draw on his vast experience in a variety of recreational pursuits including having worked professionally in the areas of Paddling, Angling, Cycling, and Outdoor Retail.
Randall Stone graduated in 2004 with a BA in economics and a BA in finance, and opened his own financial firm, Randall Stone Financial Planning and Real Estate in Chico, CA. While working in real estate and finance, he became interested in developing affordable housing throughout California. “As an affordable housing developer, I was responsible for managing development, financing, and entitlement processes for his affordable housing projects and for administering proposed relocation plans, coordinating with social services groups for the developments, and functioning as the primary bookkeeper and financial manager of each development,” Randall stated in describing his duties.
Randall won a seat on the Chico City Council in 2012. The Chico City Council consists of seven elected officials who serve staggered four year terms. The Mayor and Vice Mayor are voted by the other Council members, and serve two year terms. The City Council is the legislative body for the City of Chico, implementing policy and procedures, municipal laws, committee appointments, budget review, and community non-profit grant funding to name a few of the responsibilities. The City Manager and City Attorney report directly to the City Council. The City Council meets twice a month, and the agenda is approved by the Mayor.
Michael Suplita graduated in 2009. He is the acting project manager for the Center for Economic Development’s (CED) Business and Industry Assistance Program. He works directly with small businesses to help them identify their target market and then identify the size and economic and fiscal impacts of their markets. The services that his program provides allow companies to better allocate scarce resources and make more informed business decisions. His daily duties include assisting businesses in preparing economic feasibility studies, economic impact studies, and conducting demographic research. He oversees a research staff of three and have had as many as five researchers working on a given project. Michael said that “My position allows me to conduct economic research in multiple areas. I have done work for housing developers, rodeos, mining companies, airports, storage facilities just to name a few. In addition to my business assistance duties I also work with Native American Tribes to conduct economic development planning.”
Katy Thoma, who completed her requirements for graduation in 1980, came back to campus in Spring 2013 as Executive Director of the Chico State Research Foundation. She began her career in banking at the downtown Chico branch of Bank of America in 1977. After finishing her course work she moved to Pullman, WA where she worked for Seafirst Bank. Katy returned to Chico in 1984 and furthered her career in banking by going to work for locally owned North State National Bank (later acquired by Tri Counties Bank). In the 1993 she became the director of Chico’s Jesus Center, an organization that serves the needs of the poor. After working at the Jesus Center for 10 years, she returned to banking, serving as vice-president and branch manager for Butte Community Bank (later Rabobank) before coming to the Research Foundation. Katy’s experience in both the non-profit sector and the banking industry make her uniquely qualified to head the Research Foundation as much of what she oversees is operational and compliance in nature. She also began serving as president of Chico Rotary in the summer of 2013. Katy also served on the Planetree leadership team at Enloe Medical Center for 5 years, she currently serves on the Chico Police Foundation Board and volunteers at her church.
Sean Wever graduated in 2006 with Honors in economics and moved on to the University of Wyoming to study for dual masters in Economics and Finance. After finishing he moved to the Virgin Islands where he tended bar for one year before beginning his career in finance. In 2011 he began working for a proprietary trading firm that specializes in high frequency algorithmic trading. In February of 2013 he was offered a job as Director of Sales for Green Key Markets (GKM). He accepted the offer and currently splits his time between offices in Chicago and Puerto Rico where he works as the Principal for GKM, an Introducing Broker (IB) of cleared swaps and blocks in the over-the-counter (OTC) commodities space. GKM is involved in the biofuels space with the primary focus being the Chicago (Platts settled) ethanol contract. Sean also writes a weekly ethanol newsletter for his customers.
Brandi Wolf graduated in 2008 with a bachelor’s degree in economics with an option in international economics. She is Deputy Policy Director for Service Employees International Union and the United Long Term Care Workers (SEIU- ULTCW).
After graduating from Chico State, Brandi relocated to Sacramento where she began her career in politics and went on to get her Master’s in Government from Sacramento State in 2011. For 3 years she worked as a Legislative Aide in the office of State Senator Curren D. Price, Jr. (D-Los Angeles) where she handled legislative issues relating to Health & Human Services, Business & Professions and the State budget. In May 2011, Brandi took an opportunity with the SEIU ULTCW and currently serves as ULTCW’s Deputy Policy Director, based in Sacramento. ULTCW is an organization representing and advocating on behalf of 180,000 long term care workers in California and is the largest union of long term care givers in the state and the second largest SEIU local in the nation. The scope of Brandi’s work involves public policy research, drafting legislation and working with elected officials to ensure policy protections for the state’s long term care workforce and for California’s working families.
Brandi stated, “A majority of the work I do is driven by the state of California’s economy. My background in economics helps shape my thinking around the policies I draft and allows me to look at the long-run economic impacts of particular public policy. The quality-of-life for working families in California has a direct correlation to economic factors. I am humbled to be given the responsibility to shape public policy in a way that will have the most beneficial economic impact on our state’s working families.”
Kevin Wolfe, who graduated in 1984, is a bank examiner in the Division of Banking Supervision and Regulation for the Federal Reserve Bank of San Francisco. Their mission is to promote safety and soundness of the banking system. In a recent email Kevin stated, "As we are taught in our economics courses, the banking system during the great depression saw many banks fail and great financial instability in the industry. In order to re-establish trust in banks, the federal government began insuring deposits in banks in 1934 through the FDIC. By receiving the government guarantee on deposits, bankers are incentivized to take greater risks. If a bank takes higher risks, the higher reward goes to the bank; while the losses go to the government, if the bank is unsuccessful. This is one of the primary justifications for regulation of banks."
"My small part of trying to protect the deposit insurance fund and maintaining stability in the financial system involves performing various regulatory tasks during examinations of banks. Assignments can be to look at the bank’s capital adequacy, evaluate asset quality, assess management ability and risk management practices, analyze earnings performance, measure the bank’s liquidity and sensitivity to market risk, and several other areas related to banking. Much emphasis is put on evaluating the bank’s asset quality. The loan portfolio is the most often the greatest risk in the bank. If a bank fails, the usual reason is because the bank made bad loans. Thus, a great deal of my work relates to some form of asset quality analysis."
"My economics degree has given me an understanding of our banking system that I use every working day. More importantly, economics gave me a foundation to work in any area of business or finance. Further, studying economics is rigorous, and cultivates critical thinking."
Supervision and Regulation explained -- http://www.federalreserve.gov/pf/pdf/pf_5.pdf
Jessica Zotz graduated in 2010 with a bachelor's in economics. She is project manager at GAP Specialty, NA, where she is responsible for managing multiple cross functional projects and initiatives. Her role encompasses all product related tasks from a store execution perspective and she serves as a liaison between headquarters and field business partners, working closely with Gap's field communications team. She began her career with Gap working at the local Chico store while she was an undergraduate.
Jessica stated that, “My education in economics at Chico State gave me the foundational building blocks to expand upon my problem solving skills in a way that enables me to think and work outside the box but within the blue box that is Gap. Expanding upon the skill set garnered at Chico State, my educational experiences at the University of New Mexico further built out my understanding of consumer duality theory and the appropriate application of such theories in a business environment. Additionally, I was able to fine tune my quantitative and analytical skills through econometric modeling and analysis, providing my team with a specialized niche skill set, previously under represented.