This Fall, Stamford students enrolled in ECON 3492 “Practicum” participated not in one, but in two national competitions: College Fed Challenge and FDIC Academic Challenge.
Dr. Natalia Smirnova, Stamford “Practicum” instructor, argues that each competition is unique and encourages students to develop different skills that are valuable to their future career. This year, she added FDIC Academic Challenge as a complementary activity to the existing “Practicum” structure. The timing works perfectly: Fed Challenge is heavy at the beginning of the semester (submission in October), FDIC Challenge starts in November. The skills that students learn are complementary: the Fed Challenge focuses on the oral presentation skills and macroeconomic knowledge; the FDIC Challenge focuses on the writing skills (students write an analytical report) and microeconomic analysis. Both competitions have learning goals of data literacy, analytical, research skills, teamwork, and economic analysis.
The Stamford 2022 team consisted of seven students.
Alyssa Pelletier (Team Leader) is a Junior majoring in Financial Management at UConn. This is her second semester on the College Fed Challenge team. Her interests include finance and data analytics, utilizing demonstrated collaboration, organization, and problem-solving skills. In her free time, she enjoys dancing and beach trips. Through this competition, Alyssa learned how to analyze economic / financial conditions, to formulate monetary policy recommendations. She developed a better understanding of how different sectors / industries contribute to the decisions of the Fed. Alyssa selected the Technology sector, as she was interested in researching how technology is reshaping productivity and employment opportunities. She focused on digital transformation, and how the nature of work is changing as a result of technological advances. In this course, Alyssa had the opportunity to gain insight into an industry of interest, while developing career-valued skills like leadership, critical thinking, and teamwork. Here is the link to Alyssa’s reflection at the end of the course.
Briana Hardy is a second semester Junior majoring in economics and minoring in psychology at UConn Stamford. Growing up in Stamford, she planned on transferring to Storrs for her junior year. However, as for many other people, the pandemic disrupted her plans and she decided to take a gap year. During that gap year she worked full time to help her family who were directly impacted by the recession of the pandemic. During that gap year she worked for a local community bank as a teller and then was given the opportunity to learn the beginning processes of credit risk management as a paid intern. This caused her to become more interested in economics and banking. During her gap year she also worked at a grocery store and was able to see firsthand how the pandemic disrupted many sectors of the local economy and supply chain as well. During her free time Briana is learning to speak Spanish, she enjoys investing in the stock market, and she loves to travel. After she completes her undergraduate degree, she plans on working in the banking industry. After obtaining some work experience, she wants to go back to school to obtain a graduate degree. For the College Fed Challenge, Briana decided to look further into the supply chain because of her firsthand experience in seeing how incidences outside of the financial world are, in fact, interconnected in our economy. Here is the link to Briana’s reflection at the end of the course.
Robert Martin is a current second semester Senior at UConn Stamford majoring in General Studies with a focus in Economics. He transferred to UConn his Junior year after attending Saint Joseph’s University where he majored in Business Intelligence and Analytics. He opted to switch to General studies at UConn to learn a wide variety of courses including economics, psychology, and communications to help him more in the wine industry. During his free time Robert enjoys golfing, going to the gym, and trying out new restaurants. After he completes his undergraduate in December 2022, he plans on working in the wine industry to continue to grow his wine knowledge. Throughout this challenge Robert selected the housing sector, to get a better understanding how the housing market affected the general economy and showed the growth and trends within the industry. Here is the link to Robert’s reflection at the end of the course.
James McQuade is a Senior at UConn, majoring in Economics. This is his first semester as a Practicum team member and his second semester taking coursework in monetary policy. James is interested in pursuing a career in analytics, most likely in financial services. However, he is open to opportunities in other fields conducting economic or financial analysis, i.e., credit analysis, insurance analysis, healthcare analysis, etc. He completed a summer internship in the Wealth Management department at Raymond James Financial Inc. under the Vice President of Investments in Westport, CT. He has utilized his aptitude for critical thinking as well as his knowledge of economic and financial markets to conduct research regarding the effects of commodity prices on macroeconomic forces including production costs and consumption. As the needs of team changed, he has also conducted research regarding consumer sentiment and its possible implications on the Fed’s policy to maintain price stability. He looks forward to getting more experience in analysis after graduation and hopes to find an opportunity to pursue a Master of Science in Finance or an MBA in the near future. He is also considering work on the Chartered Financial Analyst designation post-graduation. Outside of academics, James has a passion for singing, and spending time with family and friends. Here is the link to James’s reflection at the end of the course.
Jonathan Portanova is a Senior majoring in Political Science and minoring in Economics. His interest is to go into public policy and research developments in the private and public sectors. Being on the Fed College Challenge Team gave Jonathan a great opportunity to do research on the economy and learn new sources of information. Jonathan is also a community leader and has volunteered in his time in the community as members of organizations such as the Knights of Columbus, the Alzheimer Association, and on Campus. Being a part of two Honor Societies Delta Alpha Pi and Phi Theta Kappa, Jonathan enjoys spending time with family and friends, meeting new people, and going out. Here is the link to Jonathan’s reflection at the end of the course.
Anthony Santiago, “Santi” is a UConn Stamford Senior. Santi was originally a member of the class of 2020 but when the COVID-19 pandemic began, he took some time off from school to pursue a career as a plumber. After establishing himself locally in the trade industry, he decided that it was time to reenter the classroom and complete his degree. After leaving his company in January of 2022, he will graduate this December through UConn’s Continuing Studies program with a bachelor’s degree in General Studies, where most of his classes are of a business background. He is planning on trading his work boots for a suit and tie following the completion of his degree and hopes to find a finance opportunity in the NYC area early in 2023. Here is the link to Anthony’s reflection at the end of the course.
Neel Talati is a Senior majoring in Economics at UConn. This is his first semester participating in the College Fed Challenge team. Neel’s interests include stock trading, technical analysis, creating leadership opportunities and analytical thinking. In his free time, Neel likes to travel and go outdoors to play various sports like soccer and basketball. At the beginning of this competition, he has been able to demonstrate knowledge and skills to analyze economic climate forecasts and correlate them to monetary policy. He has been able to collaborate with his peers to help in all sectors of the Fed challenge. Throughout the course, he has been able to gain experience and insight to help prepare for the next semester fed challenge. Here is the link to Neel’s reflection at the end of the course.
Team’s video submission for the College Fed Challenge competition did not advance to the second round. But students kept pushing forward and worked hard on the next challenge. The written report analyzing profitability of banks in Fairfield County was submitted to the FDIC Challenge, and we are awaiting the results of the first round to be available in February.
Each student acknowledged that through the “Practicum” course they developed and refined a lot of career-transferrable skills such as critical thinking, analytical, and presentation skills in addition to teamwork and collaborative competitive spirit.
Dr. Smirnova adds that ECON 3492 “Practicum” supports Goal 3: Teaching, Learning, and Student Success of the CLAS Strategic Plan by enhancing, through experiential learning, opportunities for undergraduate education. It also helps students develop career readiness proficiencies stipulated by the National Association of Colleges and Employers (NACE) and supported by UConn’s Center for Career Development.
Congratulations to all students on the UConn – Stamford Team 2022!