business studentBusiness Management

Instructor: Wayne Goulet

802-728-9595  ext. 414

The Business Management program provides students with the opportunity to study management, marketing, accounting, and computer applications, while exploring future options through visits to both colleges and businesses. Students participate in numerous practical and real world activities inside and outside of the classroom, as well as operate their own for-profit, in-class business.

For an overview of what we've been doing during the first quarter of the 2017-18 academic year, scroll down to the bottom of the page!

College Credit and Industry Certifications: Students completing the program can earn six credits toward a Business degree at Vermont Technical College, including BUS 1051, Information Processing (3 credits); and CIS 1080, Intro to Spreadsheets and Database (3 credits). They also qualify for nine credits at Community College of Vermont in the following courses: CIS 1041, Micro Computer Applications (3 credits); ACC101, Office Accounting (3 credits); and BUS 1010, Introduction to Business (3 credits). Students can also earn a Career Safe industry-recognized certification and ethics certification through the IRS.

After the Program: Graduates have a strong foundation for success in a two- or four-year college degree program or immediate employment in the workforce, including work as Human Resource managers, account managers, store managers, customer service reps, bank tellers, administrative assistants, and accounting interns. Past students have attended Vermont Technical College, Community College of Vermont, University of Vermont, Thomas College, Lyndon State College, Norwich University, and New England School of Hair Design.

Interests and Attitudes: Students applying to the Business Management program should have a strong desire to explore a wide range of career possibilities; a desire to develop skills that apply to many different careers; an interest in marketing, advertising, merchandising, retail, and customer service; a readiness to participate in a work-study program or take a college course; a commitment to community service; an ability to exhibit professional behavior at all times; and an interest in managing and improving their financial future. 

Quarter 1 Activities, September - November, 2017

Stock Market Game (SMG): Your student is a member of one of two RTCC teams participating in a nationwide SMG competition. The SMG is an online simulation of global capital markets that introduces students to investing, economics, and personal finance. As an RTCC SMG participant, your student is responsible for a $100,000 portfolio of stocks, bonds, and mutual funds. RTCC is competing directly against high school teams in the Northeast Region. Currently, the RTCC teams are doing extremely well, both ranking in the top tenth percentile of 366 teams.

Millionaire Spreadsheet: Believe it or not, even a person earning a modest income can become a millionaire during his/her lifetime. Your student can show you how this is possible. At the beginning of the year, your student built a spreadsheet that can be manipulated to change the following two variables: 1) annual investment amount, and 2) interest rate. Ask your student to show and explain her spreadsheet to you.

MoneySKILL: According to a recent study, only 16.5% of students nationwide are required to take a personal finance course in order to graduate from high school. The percentage of student’s slips to 8.6% outside of the five states that have a mandated personal finance graduation requirement, Students in the RTCC Business Management program will learn personal finance concepts throughout the school year.

The Seven Habits of Highly Effective Teens: Your student is reading and reflecting on The Seven Habits of Highly Effective Teens, a bestselling self-help book written by Sean Covey. In the book, Covey discusses how teenagers can become more independent and effective by following seven basic habits. The habits range from being proactive in every aspect of one's life to planning and prioritizing one's daily life and responsibilities.

Cornell Notes: To prepare for education after high school, your student is learning the Cornell Notes system. The system is a note-taking method devised and advocated by Walter Pauk, a Cornell University education professor, in his best-selling book How to Study in College. The Cornell method provides a systematic format for condensing and organizing notes.

College Level Examination Program (CLEP): Four RTCC Business Management students are studying for the Marketing CLEP test, a standardized exam administered by the College Board that will assess whether the students possess college-level Marketing knowledge. The RTCC students who meet a minimum qualifying score for the Marketing CLEP test can earn three college Marketing course credits. Over 2,900 colleges throughout the U.S. grant CLEP credit, including the Community College of Vermont (CCV) and Vermont Technical College (VTC). CLEP exams are popular throughout the U.S. Thousands of students routinely take CLEP exams because of their convenience and lower cost compared to a semester of coursework at a college or university for comparable credit.

Business Management: Three first-year students are studying business operations from the entrepreneurial and management perspective. In particular, these students are exploring topics such as finance, marketing, and human resources. During the first half of Quarter One, students have explored the history of management, comparing management approaches and philosophies. In the future, these students will study data analysis and decision-making with an emphasis on how math and statistics impact managerial choices.

Training Interns and Partnering for Success (TIPS): All students are participating in a weekly TIPS workshop. TIPS is a career readiness course that teaches students transferable skills to prepare for college or the workforce. The TIPS curriculum includes lessons that focus on creating a resume and cover letter, industry tours with local businesses, and classroom presentations by employers. Your student has completed her resume. She is currently working on her cover letter. During the upcoming weeks, your student will collaborate with a teacher or employer for a letter or reference. Additionally, your student will complete job and college applications.

Entrepreneurship Class: All RTCC Business Management students are earning extra math credit by participating in an Entrepreneurship course, a joint Randolph Union High School (RUHS)/RTCC class. With Carol McNair, RUHS Math Teacher, as co-instructor, the course introduces students to the risks and rewards associated with developing, organizing, and managing a business venture. Students are expected to design, produce, and sell an actual product for profit. During the development and production of their products, students will learn entrepreneurial concepts such rate of return, break-even analysis, profit margin, etc.