On Wednesday April 1, 2009, the CUNY/IVE Leadership Program successfully conducted its second Leadership Roundtable of the spring semester. The Roundtable, entitled "CUNY Students and the Financial Crisis", was facilitated by Dr. Steven R. Malin, VP and Senior Portfolio Manager at
Alliance Bernstein. Present at the roundtables were 12 students from Hunter College, Bronx Community College, Kingsborough Community College, Brooklyn College and St. Francis College. Dr. Malin spoke about the current economic climate,
what it means to be a CUNY student during this time of uncertainty and how to prepare for a life and career beyond graduation.
Dr. Malin began the roundtable by stating that although the financial industry is going through a crisis, it still functions the same. Dr. Malin stated "The law of economics has not been repealed. Supply and demand still work and crisis is still determined when the supply curve passes the demand curve. Financial services will exist but it will look different."
Dr. Malin then went on to discuss the type of leaders needed to navigate through the crisis. He explained that a leader in this global economic crisis must be able to bridge differences, such as cultural differences, but also be able to appeal to the various styles of leadership. Dr. Malin spoke of two styles of leadership - task oriented and people oriented. Furthermore he explained that in order to be a successful leader you need to have a passion for what you do.
To survive this crisis, Dr. Malin stated, you will need to find your passion, find a niche within that area and learn how to market yourself. When exploring your passion, Dr. Malin encouraged students not be afraid to try new things. Once you identify a niche you have to build a reputation of being successful over long periods of time. You do this by working hard and networking.
Dr. Malin concluded by saying that we are currently experiencing the most widespread financial crisis since the Great Depression. The world has changed since the Great Depression but in many ways it has stayed the same because it functions by the same rules. Students are responsible for asking how they can benefit. There is always a tendency for big firms to cut too much and then find that they have the need to fill those positions.
Businesses will be looking for individuals in specific areas with specific skills.
At the conclusion of the roundtable students had an opportunity to continue the discussion and network with one another. Dr. Schulman,
Executive Director of IVE, and the entire IVE staff thank Dr. Malin for his time and dedication to CUNY students
Pictures of the roundtable can be accessed here.