“ These six programs, in addition to several other initiatives, are teaching Zarb students real-life lessons regarding today’s challenging economic climate. These partnerships provide students with hands-on experience and corporate networking opportunities that will support them even after they have graduated from Hofstra University.” — Dr. Patrick Socci, Dean, Frank G. Zarb School of Business
Capital One Campus Entrepreneurial Challenge
Andrew Corrado, market president, Nassau County, Capital One Bank, and Hofstra University Alumni Organization vice president for programs, and Gioia Bales, associate dean, Zarb School of Business, at Drexel Avenue School’s fourth grade classroom in Westbury.
The Capital One Campus Entrepreneurial Challenge at Hofstra University is a joint initiative led by the Frank G. Zarb School of Business, Capital One Bank and Uniondale High School. Throughout the yearlong program, Capital One Bank small business experts serve as mentors to Zarb School of Business student entrepreneurs, advising them on how to effectively build their business plans and grow their businesses. The Zarb students, in turn, serve as mentors to aspiring student entrepreneurs in Uniondale High School’s chapter of the Distributive Education Clubs of America (DECA). At the end of each academic year, the Zarb student teams present their business ventures to their peers, and a team of judges consisting of representatives from Capital One Bank and Zarb faculty members determines a winner based on the student groups’ “annual report” and factors such as profitability, the number of people impacted and the nature of the venture.
Money and Me
Above: Andrew Corrado, market president, Nassau County, Capital One Bank, and Hofstra University Alumni Organization vice president for programs (right), with Richard Hayes, Hofstra associate professor of management, general business and entrepreneurship, at Capital One Campus Entrepreneurial Challenge. Middle right: Uniondale high school teacher with her students at November 30, 2012, Ladder to Leadership breakfast.
Right: Student participants at Capital One Campus Entrepreneurial Challenge.
Another collaboration between the Zarb School of Business, Hofstra’s School of Education and Capital One Bank is the Money and Me program, a curriculum designed to bring financial literacy into the classroom. Undergraduate and graduate Hofstra University students offer instruction to fourth graders about personal money management. The interactive curriculum incorporates mathematics and ELA concepts, as well as practical applications, in every lesson. Each class has a virtual savings account where “money” is deposited and withdrawn. In its first year alone, more than 1,700 students benefited from lessons such as wants vs. needs, savings accounts, sources of income and expenses, budgets, checking accounts, credit and debit cards, inflation and investments. 5