DCS Motivation to Succeed Seminar

May 19, 2014 @ 7:27 am posted by DCS

HD 2.006 Wednesday 21st May at 6pm


‘Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time’ – Thomas A. Edison
The Deakin Commerce Society understands the pressures students experience, especially nearing the end of the trimester.
We wishes to extend an invitation to you to a night which will motivate you before the exam period arrives.

Business professionals will recount their experiences that highlight strategies we can adopt today to assist us in the future. They will also remind us of why we’re studying so hard!

This event is completely free and a great opportunity to get that much needed motivation before exams. So get down to room HD 2.006 Wednesday 21st May at 6pm.

Hope to see you all there!

Overseas Placement Opportunity

January 24, 2014 @ 8:08 am posted by DCS

Thinking about your job prospects at the end of your degree? Want to gain the edge and pump up your resume?

The Malaysia Group Internship Scheme is a work integrated learning program that is running between T1 and T2 2014. A select number of students will be chosen to travel to Kuala Lumpur and be placed with high quality business hosts to work on a project of significance for an organisation.

Over an intensive two week period you could gain valuable workplace skills, increase your intercultural competencies and make great new friends. Second and third year commerce, management and information systems students are encouraged to apply.
To find out more visit the Internship website or express your interest by emailing: bl-international@deakin.edu.au


Do you think you have what it takes to fix the problems affecting businesses today? Want to win BIG CASH PRIZES while doing it?

In the past the prize pool has been $5,000 (That’s at least $ 750 for each member of the winning team!). Also included is the chance to win individual and team awards such as; School of Accounting Economics and Finance’s ‘AEF Excellence Award’, IIA ‘Australia Raising the Standard’ prize and ‘EY Teaming Award’

EY, IIA & Pitcher Partners Deakin Think Tank Challenge is a real world business case study competition which requires students to work as a team to develop a creative and innovative solution. Teams of four will be presented with a case study to interpret, analyse and then to present a practical solution to the scenario….

The team will be judged on overall merit of their solution, as well as their effectiveness in marketing their solution. Teams which make it through to the final will be presenting their solution to the judging panel in order to win cash prizes and the title, Deakin Think Tank Champions 2013.

To participate you must register a team of four to rdowling@deakin.edu.au. Include all team member names, student ID’s, Deakin emails and home address.

Registrations are open now and close at 5:00 PM, Tuesday the 20th of August.

The final will be held on the 11th of September.

The team must consist of four students and is open to all Deakin Undergraduate Students.

Proudly supported by the Deakin Commerce Society, the School of Accounting Economics and Finance


July 22, 2013 @ 1:13 pm posted by leejacobs


The Deakin Commerce Society is proud to present to you, the eagerly anticipated ANNUAL DEAKIN BALL 2013 – CASINO ROYALE

The Annual Deakin Ball is the largest social event on the Deakin University Calendar and is an event no student can miss. With the Casino Royale theme, the Ball promises to be filled with fun and class! Peninsula Docklands promises magnificent views of the water and city scape and expect a true casino experience with a rocking dance floor, great entertainment, a delicious menu and an after party not to be missed.
Apart from entry to the best social night of the year, your ticket includes an array of entertainment, a two-course meal, alcoholic and non-alcoholic beverages as well as entry to the official, exclusive AFTER PARTY!
[18+ Event]


Where: Shed 14 Peninsula in the Docklands
When: 29th August 2013
Time: 7:00PM
Theme: Casino Royale
Dress Code: Formal AttirePrices: $120 DCS Members / $130 Non-Members


Ticket Sales will be held on July 31st 2013 on Mutant Way at 10:00AM!!! LAST YEAR TICKETS SOLD OUT WITHIN THE HOUR!! So talk to your friends and organise tables (max 12 people per table). Make sure you get down early and line up to avoid disappointment. FOR MORE INFORMATION AND TABLE BOOKING FORM VISIT… http://www.facebook.com/events/495240110570099/?fref=ts


2013 DCS Vacationer Roundtable

@ 1:11 pm posted by leejacobs

Deakin Commerce & Jobshop Vacationer Joint Initiative

What exactly is vacation work?Vacation work is a fantastic way to gain relevant pray, you could be spending your days at PwC, Ernst & Young or Deloitte! An added bonus is that completing a vacation work program puts you in a strong position to get into a graduate program.ofessional work experience during your summer holiday period. Think about it, rather than sitting on your couch all d
Employers will be providing advice and hints and tips on Vacation applications. You will also be able to network with employers over morning tea and lunch. At the conclusion students will be able to talk with prospective employers about their vacation work programs and get valuable tips directly from employers about what they look for in an ideal candidate to score that vacation role! What an opportunity to meet, network and connect with employers.

So, why is this a MUST ATTEND event for commerce, IT students? It will be a great opportunity for you to mingle with the all-important recruiters (the people who screen applications). Come along to network and find out about the vacation work programs.

The Annual DCS and SUSS AXP: 80s Retro

June 6, 2013 @ 1:16 am posted by leejacobs
The end of the semester is finally near, and what better way to blow off some steam after exams than to go to the annual DCS and SUSS After Exams Party!

Date: Friday 21st June
Time: 9pm onwards
Venue: Room 680

Theme: 80s Retro
(come dressed in your best double denims, fluros, leg warmers and everything else from back before we were born!)

FREE drinks from 9pm-10pm
Drink Specials there onwards.

Members: $10
Non-Members: $15

You can jump online and purchase your tickets at http://www.trybooking.com/Booking/BookingEventSummary.aspx?eid=51581
At door: $15
Note: Priority entry for people with tickets, especially during the hour of free drinks.
__Ticket Sales__
Deakin: Thursday 10am onwards @ Mutant way
Swinburne: Thursday 10am onwards @ The Atrium
(more info regarding this will be posted closer to the date)

For more information or to buy tickets, contact one of the following people..
Deakin Commerce Society (DCS):
Becci (President) – 0424 734 516
Emily (VP of events) – 0419 546 683

Swinburne University Snow Squad (SUSS):
Sohil (Social President) – 0431 141 175
Will (President) – 0417 313 747

18+ event, management reserves the right to refuse entry.

Author: Angela Faherty

Nearly two-thirds of Gen Y claim that financial concerns keep them awake at night, according to an online poll of 1,000 people aged between 18 and 30 years old.

The survey, conducted by REST Industry Super shows that while Gen Y know the importance of saving, many respondents were worried about money and may not have been properly educated about managing finances, both in the short-term and for longer-term investments such as buying a home or retiring.

It found that Gen Y have similar financial concerns to everyone else, citing household bills, health costs and paying off debt as some of the things that keep them “awake at night”.

In particular, saving money is considered important to 87 per cent of Gen Y, with 66 per cent putting money from their regular pay check into savings every month, or most months.

Never been taught

However, the survey found that despite being good accumulators, 61 per cent said they were never taught how to save, while nearly two thirds have not been taught about money by their parents.

In addition, over 70 per cent of Gen Ys do not go to their family for budgeting, savings or investment advice.

Similarly, 35 per cent of Gen Ys said they will not discuss what they earn with friends or family, while those workin

g full time said they were more likely to save for a big event like a holiday or wedding than a house deposit. 

When it came to trust and money, Gen Ys were more reluctant to lend to friends, with one in four saying that lending cash to their friends affected their savings plans.

Lack of trust

Interestingly, the survey found that Gen Y males are twice as distrusting of financial advisers as women.

Damian Hill, chief executive officer of REST, said while it was encouraging that Gen Y had developed a strong culture of saving, he w

as concerned that such a large proportion of the cohort were anxious about money.

“Learning how to manage your money while you’re young is critical in securing a strong future,” he said.

“We don’t want to see this generation overwhelmed by financial stress throughout the rest of their working lives, and through to retirement.”

Gen Y comprises individuals born between 1980 and 1994, and this group represented around 21 per cent of the Australian population, according data from the Australian Bureau of Statistics and McCrindle Research.


Originally published by Financial Services Institute of Australasia http://www.finsia.com/

For more articles, sign up to be a FINSIA member at http://www.finsia.com/finsia_membership/join/how_to_apply

Universities and students “hit hard” in Federal Budget

May 23, 2013 @ 12:13 pm posted by leejacobs
Universities and students “hit hard” in Federal Budget

Spending cuts to the higher education portfolio threaten national productivity and
will make it difficult for universities to maintain the quality of education and research, several commentators have claimed.
Snapshot of education changes

Education had a number of winners and losers in the 2013-14 budget. According to Monish Paul, national education sector leader at Deloitte Australia, the winners included:

  • $9.8 billion of committed funding, spread over six years, to implement the Gonski reforms;
  • $135 million of new funding for 150 four-year Future Fellowships to attract and r
    etain the best Australian and international mid-career researchers in areas of crucialnational importance;
  • $97 million from 2014 to 2017 for additional Commonwealth-supported places for sub-bachelor and postgraduate places; and
  • $186 million for research infrastructure.

Meanwhile, he said the government reaffirmed around $2.6 billion of cuts to higher education which broadly included:

  • $600 million to $700 million of efficiency dividend savings;
  • $1.2 billion in savings by converting the Student Start-up Scholarship scheme to an income-contingent loan similar to the Higher Education Contribution Scheme
  • under $200 million through removing the 10 per cent discount historically given to students when they pay $500 or more of their student contributions upfront; and
  • capping self-education expenses to $2000 per annum.

Asian century

In his budget speech, Treasurer Wayne Swan asserted that Australian students needed to be better educated so that the nation could be more competitive in the Asian Century and to ensure that they are equipped to take up high-skill, high-wage jobs in the future.
“We know that a smarter Australia means a stronger Australia; an Australia able to grasp the opportunities of the Asian century,” he said.

“We know we’ll only win the economic race in the Asian Century if we win the education race. Our current school funding system is broken, it’s failing our children.”

Criticism, business models

Still, the government was essentially stripping spending from one part of the education portfolio to support another, a move that was met with criticism.

Paul said he questioned whether this was the “best way to build a smarter and more productive economy.”

“The cuts have really come out of the higher education sector and they are clearly diverting funds into the school reforms program,” he said.
“What that really means for the higher education sector is that the need to review how their operating and service models exist today and what needs to change to reduce the cost around the teaching and research activities perform.

“Funding pressures will obviously continue in the higher education sector.”

Job losses

The Independent Member for Denison, Andrew Wilkie, joined the National Tertiar

y Education Union to condemn the higher education funding cuts. NETU is a union that comprises staff in tertiary education.

“This is an attack on tertiary education and our children’s future. I have told NETU officials that I fully support their campaign to reinstate adequate funding to universities,” he said.

“In my home state of Tasmania these cuts mean 150 job losses in a sector that is underpinning a sagging economy. Regional universities will be hit the hardest.

“I call on the government to abandon its plans to make these brutal cuts. If the


y do not, I call on the Opposition to show they value university education in this country and join me in opposing any legislation to enable these cuts.”

Comprising universities’ role

Belinda Robinson, chief executive of Universities Australia, claimed the cuts to higher education sector meant that the university sector was one of the “hardest hit” in this budget. Universities Australia is a body that represents universities.

She warned the cuts would be counterproductive as they would challenge the ability of universities to maintain the quality of education and research.

“And by compromising the role that universities play in lifting national productivity and securing long-term economic prosperity, they will also make it more difficult to put the nation’s budget back in black,” she said.

“Every dollar that is lost to university investment represents a reduction in the long-term dividend to the nation.”

 Further, capping self-education expenses to $2000 per annum would also discourage people from upgrading their skills and qualifications to meet ever-changing labour market needs, said Robinson.

Overall funding has increased

Still, while there were cuts to higher education, Paul said higher education expenditure has seen an overall increase to meet student demand.
Swan argued that Labor had delivered a 75 per cent funding increase for university places, supporting around 189,000 more university students.

Created By: AB+F Journalist. Originally published by Financial Services Institute of Australasia http://www.finsia.com/

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Wednesday, 22 May 2013 6.15 – 8.30pm

ANZ, Level 34, 100 Queens Street, Melbourne VIC

Finsia student membership invites you to a free seminar: The Fast Track: An Introduction to Financial Services. The Fast Track exclusive seminar series for students and early-entrants provideyou with real world industry knowledge and connects you to professionals in banking and finance.

Hear from:

>      Fiona McNabb F Fin, Monash University
>      Jason Fereday SA Fin, Macquarie Bank
>      Patrick Nolan F Fin, National Australia Bank
>      Colin Campbell F Fin, Wilson HTM
>      Jennifer Evans SF Fin, ANZ

Why attend?

>      Find out how each sector of the industry really operates
>      Hear personal accounts of career journeys and what our speakers do on a day-to-day basis
>      Gain exposure to leaders and insights into the real world of financial services
>      Build networks with other like-minded students and professionals

>      Learn how leaders built their careers and gain tips from the rising stars.

Register now              


Domestic banks have taken over from investment banks as the preferred

employer in thebankingand financial services sector, according to research

conducted by Profusion Group.

The survey of over 3,000 respondentsfound the Big Four were found tobe the employers of choice with banking and financial services employees, with 70 per cent preferring domestic banks over international banks (40 per cent).

One reason for the fall in favour among investment banks was the lack of job security, with many international investment banks having reduced employee numbers due to capital scarcity and increased consolidation.

This has prompted many employees to consider domestic banks as more attractive as they offer benefits such as job security, culture and career challenges, the research found.


Loss of prestige

Rod Jones CEO of Profusion Group, said that while employees in the banking and financial services sector were once attracted to the ‘prestige’ associated with working for international investment banks, the landscape post-GFC tells a very different story.

“Instances of high profile international banks such as the Lehman Brothers collapse and the bailout of RBS by the UK government have caused Australian workers to realise that banks with offshore headquarters may have exposure to issues facing global economies,” he said.


Pay gap closed

Jones added that on most parameters, Australia’s Big Four are ranked in the top 15 banks worldwide.

“This has provided them with the opportunity to expand their traditional retail banking capability, in some cases expanding some businesses offshore,” he said.

“Additionally, the gap in remuneration between international investment banks and domestic banks has closed.”

The survey respondents cited that their preference for working for domestic banks focused on the perception that there are more career opportunities, brands look good on their resumes, and benefits programs providea broad range of discountson financial products, competitive salaries and lifestyle benefits.



Originally published by Financial Services Institute of Australasia http://www.finsia.com/

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