Annual report EFR 2014-2015

Annual Report 2014-2015

Economic Faculty association Rotterdam (EFR)

Address: Erasmus University Rotterdam Burgemeester Oudlaan 50 Room HB-108 3062 PA Rotterdam

1

Mission

To organise (extra) curricular activities and offer services to students of the Erasmus University who have an interest in Economics specified in: Career, academic and social fields. The association attempts to create the best possible link with the academic education and facilitate the students in their career choices. For this, hundreds of students offer their effort freely each year.

Board Members 2014-2015

President Joep Coopmans IT Officer & Secretary Sierk Wiegers Treasurer David Jansen Marketing Officer Floris van Prooyen Schuurman Activities Officer Thijs van Kemenade Vice President Jara Verkleij Career Officer Tim van Walen Commercial Officer Bernou Boermann

2

EFR Policy During the year of 2014-2015, the board has done its best to realise the mission of the association for as much as possible. This was largely done by perfecting the already existing events offered by the EFR. Some additional events were organised, to which this report will come back to later.

On the career side of the association, our team has made large progress by starting the construction of a new career website together with our RSM counterpart: STAR. Beside the website, the EFR Businessweek and the Erasmus Recruitment Days were two very large successes this year on the part of career orientation of the EFR. Inspirational orientation was also quite successful this year. The standard portfolio of the EFR on this field had been a success (EFR Businessweek, Headlines). In addition, we managed to organise the International children’s peace prize, in collaboration with the ESE. The guests during all these events were of outstanding reputation and stimulated an enthusiastic audience.

This year, the EFR turned fifty years old. To celebrate this anniversary, the EFR organised two weeks of festivities. This week was supposed to represent the different events organised by the association.

Varying from inspirational and professional activities to fun parties on unique locations.

The Supervisory Board took charge in guiding the board in the right direction. They did this by assigning several strategic points to which the board should put their effort in. The book sale contract, the EFR Businessweek, a market research and the Erasmus Recruitment Platform were part of this. At the end of the year, the Supervisory Board also designed a new five-year plan to which the coming boards should stick.

Relations & Contacts One of the most important factors for the EFR is the relationship it has with its counterparts at other faculties, the university, the faculty, the funds, the municipality, the port etc. During the year of 2014-2015, the board has done as much as possible to remain in close contact with these parties.

Through the organisation of events like the Executive College, the Children’s peace prize and the Orientation Cycle days, we have created as much opportunities as possible to strengthen these relationships.

Events report of the year 2014-2015 In the next part of this report, the events organised during the year of 2014-2015 will be discussed and described.

EFR Booksale (03-09-2014 t/m 07-09-2014; 29-10-2014 t/m 02-11-2014; 07-01-2015 t/m 11-01-2015; 04-03-2015 t/m 08-03-2015; 29-04-2015 t/m 03-05-2015) The sale of all the first and second year books for students studying Economics and IBEB.

3

Monthly drink Every month, the EFR organises a drink for all its members. The intention is social orientation and networking. In addition, it stimulates the positive perception students have with the EFR on the field of leisure and entertainment.

Orientation Cycle During the year, several orientation cycle days are organised. The main intention of these days is to stimulate students to think about their study choices in the later years of their studies. During your third and fourth year, a student is asked to choose electives and specialisations. The Orientation Cycle days facilitate in making this choice. This year the marketing, finance, accounting, entrepreneurship and port day were organised. This is done together with other associations specialised in these fields.

Bachelor guides Every year, the EFR offers the students guides to the different bachelor years in Economics. Not only does it consist out of advice for studying, it also attends the student on the different choices that need to be made during the later years. This is a project done together with the ESE. iBuddy programme This is another project organised in collaboration with the ESE. The EFR recruits international students who have lived in Rotterdam for more than a year. These people are linked to new students at the beginning of the year. By doing so the ‘buddies’ can help out with starting problems each international students has in the beginning of the year.

Discounts In cooperation with different summary and tutoring companies, the EFR offers its members discounts to the different facilitating activities for studying. Also, the EFR offered discount to sports passes at the sports building.

Introduction weekends For each study (IBEB en Economics) an introduction weekend is organised. During this weekend people meet each other for the first time. It is known as a very successful way of getting to know your fellow students and the new student life.

Headlines (23/9 etc.)

For two years, the EFR has organised events in which every student can listen and participate in debates concerning current topics. These discussions can range from subjects big in the newspaper that have nothing to do with economics to a long-term economic issue. For each of these subjects, experts are invited to share and debate their views.

4

Active Members weekend Every year we organise a teambuilding weekend for all active members somewhere in the Netherlands. Through games, drinks and parties the EFR attempts to create a good working atmosphere among the students.

Career Fair Twice a year, the Career Fair is set up in the C-hall. This event is meant to create a bridge between small and medium companies and the students at the EUR. There are no entrée fees since it is more a like an open market than an actual event. For a whole day, the companies showcase their business and the job opportunities they have for students. Around 20 companies participate each time.

EFR’s 50th Anniversary For these festivities, several events were organised. A pool party, a prom, the Children’s Peace Prize, an EFR Headlines edition, active member day to a theme park were the events organised.

Throughout the university, the colour of the anniversary was shown on posters and the special anniversary sweaters.

EFR City Trip By sending a group of 40-50 students to a city in Europe, the EFR attempts to broaden the horizon of these students by visiting a university, the business life and the city’s main cultural attractions. The city trip is regarded as one of the most popular events of the EFR, partly because the atmosphere is usually quite good. The attractive price and interesting locations also help in this.

EFR Ski Trip Another trip organised for all the members of the EFR. A group of 30-40 students travel to one of the famous ski destinations in Europe. The committee responsible for the trip organises the destination and all the evening activities. During the day all students are free to roam across the ski area.

Erasmus Recruitment Days This is the largest on campus recruitment event in Europe. Every year we organise it together with the study association of the RSM (STAR). More than 2500 students participate in workshops, training, interviews, company presentations. Over 120 companies travel to the university to present their recruitment to the students during two weeks in February.

EFR Businessweek Where the Erasmus Recruitment Days are completely focused on the career paths of students, the EFR Business Week is more focused on inspiration of the students. The EFR Business Week attempts to broaden the horizon of students on a very wide range. By inviting famous speakers such as the minister of finance the EFR Business Week seeks to inspire by showing example. In addition, workshops and inhousedays are organised to show different opportunities in the world outside of the university and to get to know the individual qualities of each student.

5

Your first stapp It is the mission of the EFR to broaden the horizon of the students as much as possible. One of the committees organises entrepreneurship events. Your First Stapp challenges students to think of a new app concept, work out the business plan and pitch it to investors.

EFR Study Trip The EFR Study Trip aims to take students to other parts of the world to get to know other cultures, their academic life and the business parts. This year the trip went to India. They visited the university, the Taj Mahal and several companies in New Delhi. With 30-40 students, the trip created an amazing atmosphere.

Extreme events Another event based on the idea of entertaining the student. The essence of the event was to create a young an exciting challenge for the EFR towards not only its members, but also its potentially new members. It was a great success, especially the fact that students wearing EFR sweaters came down from the 18th floor of the H building.

Olympic month The sports committee is not only responsible for organising the ski trip, but also aims to host an event, which stimulates students to participate actively in sports events. This year they realised this by hosting a series of competitions in different sports disciplines against fellow faculty association STAR. EFR Executive College In association with three leading companies in the harbour (Shell, Vopak and Port of Rotterdam), the EFR organised an inspirational event in which thee top executives of the sector were invited to speak on subjects concerning the harbour sector. In addition, they discussed their personal life and how what their career paths en choices were before reaching their current position. This event was visited by students and young company employees.

EFR Involve Research Project As each year, the academic year ends with the EFR Involve Research Project trip. This trips mains intention is to travel to a third world country to assist in further help develop the country.

Throughout the past years its focus was less on economics. This year the Involve committee’s goal was to great an economic report on national reserves in Kenya, and the option to build a bridge between them. They did this together with a group of ESE students and two board members.

6

Financial Report EFR The EFR is obligated to publish its balance and Profit & Loss statement together with an explanation.

Balance (book year 2015; 01-08-2014 until 31-07-2015)

Cash and accounts receivable Office inventory Remaining inventory Participations Accruals

243,876.42 619.33 2,562.34 7,000.00 84,850.16 338,908.25

Equity Accounts payable Provisions Accruals Internal long-term debt

112,000.02 2,703.15 30,877.44 72,094.92 121,232.72 338,908.25

Profit & Loss statement Income

Total

Costs

Total Profit/Loss

Participation fees Acquisition Funds & Grants Remaining Booksale Contribution

116134,96 294517,82 50024,3 56205,71 185013,95 660,11 702556,85

Overhead 51129,04 Operational expenses 28939,19 Projects 404766,26 Marketing & Recruitment 33799,61 Remaining 12646,78 Booksale 163775,98 695056,86 7500,00

Explanation It is not the goal of the association to make a profit. However, the profit of the year 2014-2015 will be added to its equity in order to raise the liquidity of the association.

7