Infographic: Is Getting a College Education Worth It?

by Sara Seeger 24. February 2015

For some time now, obtaining a college degree has been regarded as mandatory for success in many career paths. Many jobs require a college degree to even be considered. But as college costs are creeping higher and higher, many people are wondering if the ROI is still there. Between the years and years of student debt people obtain and the high unemployment rate for recent graduates, people are asking the question: is college still worth it?

Infographic: Is Getting a College Education Worth It?
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When Should You Open Your Child's First Bank Account?

by Kelly McCready 19. February 2015

Financially Savvy Child

When should you open your child’s first bank account? Now. It’s never too early to open a bank account for your child. Never.

Expecting a baby (still in the oven)? Perfect, you’re ahead of the game. Head to the bank and open an account in your name. While doing so, simply ask for the account title to reference “Baby’s Account.”

Just became a new parent (done cooking)? Head to the bank with your child’s SSN (if you don’t have it quite yet just hang tight for a few days until you receive it), and you can open a bank account for them.

What will you need (other than child’s SSN if available)? Most banks require two forms of ID for the parent(s). Here are some examples of forms of ID: Driver’s License, Voters Registration, Passport, Major Credit Card, etc. That’s all! Well, maybe a dollar or two to get the savings started! Or, better yet, if you’ve already received savings bonds, checks, or have cash lying around in birthday cards (like I do), go ahead and bring them to deposit.

Don’t have any money to put into the account yet? No problem! Set up a direct deposit into the account from your paycheck or set up an automatic transfer from your checking account to your child’s savings account.

Now, get to the bank! (After homework’s done, dinner is made, the kitchen is clean and soccer practice is over.) If you’re still expecting, take a nap before going to the bank…you’re going to need it!

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I Fired a Woman Yesterday

by Robert Kunisch 18. February 2015

The Associate photo by Kanji Takeno

I fired a woman yesterday. The decision to do so was one of the hardest of my career. She was smart, highly motivated and worked more hours than most of her peers. Why did I do it, you ask? I had to. Someone had to go - it is part of the rules.

A few months ago I was approached by Towson University to serve as the “Donald” for an annual competition called "The Associate" that simulates the hit TV show The Apprentice. In the Towson version, the presenting company offers the winning student a job.

At the time Towson asked me to participate, I had never seen the show, but like many, I was familiar with the tagline, “You’re fired.” In truth, I have little in common with Donald Trump. He owns airplanes; I hate to fly. He's been married 3 times; me just once. He loves New York; I love Maryland. I naively accepted the role thinking it would be fun to exclaim, “You’re fired” to some college student. Man, was I wrong.

There are two main reasons why I accepted the opportunity to portray the “Donald” and give 1st Mariner’s commitment to hire the winning student.

1) 1st Mariner has several Towson University alumni in key positions in our company, so we are familiar with the quality and integrity of the students they produce.

2) We are a local Maryland bank and we look to partner with other institutions that have a vested interest in our marketplace.

Eight students from the College of Business and Economics were selected to compete in "The Associate" competition. They receive no college credit for participating. The students are divided into two teams, and each week a local company presents the teams with a real-life case study. The teams have one week to prepare a detailed presentation outlining a solution to the local company’s case study. The following week the local company selects the team they believe offered the best solution to their question.

It is an extraordinary amount of work to complete in one week and all for no class credit. One person from the losing team is let go from the competition each week until there is one person standing.

If your company is in the market to hire a highly motivated, smart individual who outworks their peers, here's a great place to start.

If you are a company who wants to improve your product awareness, contact the university and ask them to be involved next year. It will benefit your organization tremendously.

Next week B’More Organic, a vibrant Baltimore-based company, will select the team that provides the best solution to their case study. I can’t wait to see the presentations by team Synergy and team Eminence. I know B’more Organic is excited as well. It's reality TV without commercials, and it’s a lot of fun up until that final decision on who has to go is rendered. Hats off to Towson University for creating an event that benefits everyone who participates.

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