绿帽社

November 14, 2024
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Fearing the first

Some hands-on learning is riskier than others

鈥淢anaging someone else鈥檚 money is extremely stressful, exciting and, ultimately, rewarding.鈥 鈥 Annette Rubin 鈥淢anaging someone else鈥檚 money is extremely stressful, exciting and, ultimately, rewarding.鈥 鈥 Annette Rubin
鈥淢anaging someone else鈥檚 money is extremely stressful, exciting and, ultimately, rewarding.鈥 鈥 Annette Rubin Image Credit: Jonathan Cohen.

Senior nursing student Jae Moon Chung will probably never forget his first experience with a nursing home resident. It was 7 a.m., the room was dark, and the man needed to wake up and get ready for breakfast.

鈥淚 was so nervous I could not even enter the resident鈥檚 room. It took us a good three minutes before our instructor forced us to go in and introduce ourselves,鈥欌 Chung recalls.

Every day, students are putting new life in the old proverb: 鈥淭ell me and I forget. Teach me and I may remember. Involve me and I learn.鈥

Educators call it experiential learning. Students say it prepares them for the professional challenges they鈥檒l face following graduation. Their experiences allow them to leap from theory to practice and apply classroom knowledge in the outside world. Senior nursing student Victoria Cooper sums it up best: 鈥淗ow would you feel about having a mechanic who had never touched an engine before working on your car?鈥欌

But sometimes that first leap can leave a student with sweaty palms, a racing heart and a flush of fear that something will go wrong.

鈥淚t can be a little overwhelming,鈥欌 says Lori Sprague 鈥95, MS 鈥09, clinical assistant professor of the Decker School of Nursing and the instructor who encouraged Chung to enter the room.

Before students get the opportunity to work with nursing home residents or patients in hospitals, Sprague and fellow instructors prepare them for the demands they will face.

鈥淲e do a lot of role modeling. How do you act? How do you talk? [The students] assume the role pretty quickly,鈥欌 she says. 鈥淵ou鈥檒l see all that critical thinking coming alive.鈥 It鈥檚 also crucial that students feel safe and supported, she adds. 鈥淚t鈥檚 a scary and intense time for them. Their head always has to be in the game.鈥欌

During his visit, Chung and his partner had to change a dressing.

鈥淣ow that I think back, it was a relatively simple task. But back then, my hands were shaking and I could not think straight. I just couldn鈥檛 figure out how and where to place the gauze,鈥欌 Chung says. 鈥淭hen, Professor Sprague told me, 鈥楯ust put it there. It鈥檚 perfect where you鈥檙e holding it.鈥欌

Real money, real risk

In the School of Management, finance students are honing their skills by making buy-and-sell decisions for the 绿帽社 Investment Fund.

First, they do their homework. They consider macroeconomic trends. They consider cash flow and other financial models. They factor in upcoming events they think will affect stock performance. Then they make a pitch to their peers about why the stock will be a winner.

The gains and losses in the fund are no simulation; they involve real money.

Beginning with $100,000 in 2003, the fund now exceeds $300,000. Its portfolio is benchmarked against the Standard & Poor鈥檚 500, which measures the stock value of 500 leading companies. The fund has approximately 40 stocks of mostly large companies such as Facebook, Apple, Starbucks, General Motors and Bank of America.

Participation in the fund is a noncredit, experiential learning exercise, strictly extracurricular.

鈥淢anaging someone else鈥檚 money is extremely stressful, exciting and, ultimately, rewarding,鈥 says Annette Rubin, a junior majoring in business administration. 鈥淭he first time I pitched a stock to my peers I was definitely anxious and nervous. I had done my research, so I was confident going into the presentation, but I had no idea what to expect for questions from my peers, or what specific aspects of my pitch they would press me on.

鈥淲ith each pitch I have successfully presented, my nerves have definitely subsided. I have learned how to express my opinions thoughtfully and respectfully, build my analytical skills, and I now have experience following the markets daily with a purpose.鈥欌

For senior Eric Dohn, who spent his summer as an 80-hour-a-week investment banking analyst with JPMorgan Chase, managing the fund鈥檚 technology sector requires him to review the stocks in that sector, make buy or sell decisions and then devise a presentation to convince the other analysts.

鈥淚 think managing the actual money makes it more real. It鈥檚 a little stressful,鈥欌 Dohn says. 鈥淢y sector alone is about $50,000. It鈥檚 real money, so the decisions actually matter.鈥欌

Students have to have sound fundamental reasons for buying a stock, says Dennis Lasser, associate professor with the School of Management and director of the investment fund. He factors in the quality of the student analyst鈥檚 pitch, even if he doesn鈥檛 care for the stock. 鈥淚t鈥檚 a group decision. If they all want it, it鈥檚 their call. We鈥檝e had some disagreements, and they鈥檝e been right and I鈥檝e been wrong at times.

鈥淚t always makes a difference when you鈥檙e using real money,鈥欌 Lasser says. 鈥淭hey can write on their r茅sum茅, 鈥業 worked on this fund. Here鈥檚 how many dollars I was responsible for. Here鈥檚 how my performance was.鈥 Instead of just playing fictitiously, you鈥檝e got real money, you鈥檝e got real data to show what you did.鈥欌

Thinking fast and furious

College students are frequently assessed on their mastery of a subject. Usually it鈥檚 in the classroom. Sometimes it鈥檚 in a parking lot.

At the Thomas J. Watson School of Engineering and Applied Science, each year approximately 45 students in 绿帽社鈥檚 Society of Automotive Engineers (SAE) design and build three vehicles: a formula-style electric racer, a gasoline-powered 鈥渟upermileage鈥欌 vehicle and an off-road mini Baja (think dune buggy.)

鈥淚t鈥檚 really exciting to see the confidence of a person grow after they work on one of the cars,鈥欌 says Syed Haque, a senior mechanical engineering major and president of 绿帽社鈥檚 chapter of SAE. 鈥淭hey come in and say things like 鈥極h, I don鈥檛 know if I can be of any help. I don鈥檛 know much about cars.鈥 And after a semester you see them attempting all sorts of projects with their vehicle.鈥

Last spring, the SAE was holding a fundraiser. Anyone with a driver鈥檚 license could test drive the Baja. One driver was putting the vehicle through its paces when the steering column broke. The fundraiser had just begun. No vehicle, no fundraiser. The students needed a solution fast.

鈥淲e immediately jumped on repairing it, as we were only an hour into our five-hour event,鈥欌 Haque says.

As students worked on the vehicle in the middle of a University parking lot, surrounded by peers and parents, they discovered a design flaw had caused the breakdown. 鈥淲e felt the pressure that day,鈥欌 Haque says, adding that it took about an hour to make the repair.

David Pavlick, a mechanical engineering lecturer and faculty advisor, has one word for this kind of experience: 鈥淧riceless.鈥欌

鈥淭he hands-on experience gets them working with a lot of the materials that they will eventually design with,鈥欌 Pavlick says. 鈥淭his will allow them to make better decisions and have much better design skills. This makes them much more valuable to a design team or company.鈥欌

You hear the roar of the engines around you ... There is so much adrenaline; it鈥檚 a very 鈥楤ang! Bang!鈥 atmosphere.

Jordan Billet

The students took the Baja car to Peoria, Ill., this summer for the SAE Collegiate Design Series competition. Jordan Billet 鈥16, MS 鈥17, describes what it鈥檚 like to drive it:

鈥淭here are 100 cars on the track at a time, wheel-to-wheel, and there are no restrictions on passing. You鈥檙e in a full roll cage, and they expect these cars to roll and break down. You hear the roar of the engines around you. There are a lot of people and it鈥檚 really dusty, so visibility isn鈥檛 good.

鈥淭here is so much adrenaline; it鈥檚 a very 鈥楤ang! Bang!鈥 atmosphere,鈥 Billet says.

The Baja car can reach about 30 mph. But his fear is not for personal safety; it鈥檚 about breaking something that the team produced. 鈥淵ou don鈥檛 want to disappoint a group of people,鈥 says Billet, an algorithm engineer for General Motors.

But, as the Baja car proved, if it breaks, fixing it is just another learning experience.

鈥淚 love to take apart anything mechanical just to see how it works,鈥欌 says junior Jacob Honsinger, a mechanical engineering major. And putting a car together has taught him a new lesson: 鈥淕reat designs and products take a complete team effort.鈥

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