Media

BU Broads in the News

Monday, December 14, 2009

Their main focus is to organize social, professional and community service events where 85 Broads members can connect. In doing so, 85 Broads BU has brought in a number of prominent guest speakers, held online conferences with business women in Switzerland, India and Singapore, and established relationships with organizations such as Relay For Life and Kaplan.

The group’s current project is planning their Spring 2010 Conference, which Kwan anticipates as being “bigger than ever.” Open to all area schools, the daylong conference will feature up to 20 different speakers including female entrepreneurs, lawyers, investors, and representatives from Digitas, Coach, and Teach For America (to name a few).

Kwan says that the ultimate goal of 85 Broads is to help Boston University females get the most out of their undergraduate careers in a situation where networking capabilities are at their finest. Although the group already contains a number of diverse women, 85 Broads is trying to grow its membership exponentially to encompass more members from schools like SED and SHA. The group has also expanded its e-board to include more underclassmen in positions of authority.

By Samantha DuBois, Excerpted Above

85 Broads Seeks to Make Women Smart About Money

April 10, 2008

Last fall, Lara Oakes (SMG’08) and Lauren O’Toole (CAS’08, SMG’08) helped to cofound the BU chapter of 85 Broads. “The organization takes you throughout your career and the challenges you face later in your career and provides any resources you would need,” O’Toole says. “We encourage people to join and start a profile. It’s a lifetime relationship.”

Why is it important for college students to learn about personal finances?
O’Toole:
Coming out of college is the first time you really have a salary. People are trying to manage money and make decisions about buying versus leasing a car and looking at different job benefits and how to weigh them.

Oakes: The earlier you invest, the more significant an impact it can have on your portfolio. A lot of people might go through grad school first, and a lot of people might be in their late 20s before they start thinking, where should I put my money? How should I be investing it? If we can get people to start recognizing the value of smart budgeting and investing, then those extra couple of years can really make a significant impact later on in life.

Do women have to think differently from men about their personal finances?
Oakes:
I don’t think it’s necessarily that there are different issues to consider, but it’s more common for men to consider their personal finances than it is for women. This conference is targeting woman and saying, “You should come to this. You should be aware of this. And you should make it part of your life.”

O’Toole: As far as what I’ve read, men tend to be more risky with investments and women are more conservative. Women tend to save more, where men tend to invest more. That’s the real difference. I think women are careful with their finances and pay attention to them, but I think that they don’t go through with investing. Their money is just sitting there, and it could be making money for them.

Why have you focused specifically on the topics of investment and budgeting?
Oakes:
Those are two main parts of managing your money. You can either spend it or you can save it and manage it well. If you’re not spending it or saving it, you can be making it work and grow.

By Rebecca McNamara (CAS’08, COM’08) and Robin Berghaus; with edits by Molly James

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