By Luis Arias, 2015-2016 VP of Finance, PTMBAA
As VP of Finance for UMD’s Part-Time MBA Association, I am responsible for managing the association’s funds by ensuring they get used responsibly. After all, the association receives its funding from you, the students!
Each semester, all Part-Time MBA students pay $75 to the association which is included in your tuition billing statement. The association uses these funds to organize many events and activities (such as the annual Sunset Cruise, professional headshots and PTMBAA Holiday Party) for the part-time community. The benefits of scale that we receive from collectively using the community’s funds allow us to hold these events at a lower cost to students.
The Holiday Party and Sunset Cruise are our two signature events made possible by pooling the community’s fees into one common fund. These large scale events would not be possible without your contribution.
Other examples are the professional headshot events (held on each PT campus) where the cost to each student is $30. Similar services for an individual can cost around 10 times as much. The PTMBAA spring and fall golf tournaments allow current students and guests to enjoy a day of golf and refreshments at the UMD golf course at a cost lower than if they were to attend on their own.
The association also uses the funds to plan events in order to promote networking within the Smith community (part-time, full-time, online and EMBA) and with other business schools in the area. The track reps for your cohorts receive a yearly budget from the association to organize events for their respective cohort. Lastly, the PTMBAA works closely with the Full-Time MBAA and provides funding for school-wide events (tailgates, Monte Carlo, clubs, etc.) that are of value and accessible to part-time students.
In closing, I hope that you partake in many more PTMBAA events so that you may see the benefits of your contribution. The PTMBAA is continuously looking for input on the events we organize – your feedback and suggestions are greatly appreciated!