(Editor's note: From the summer 2010 edition of Bucknell Magazine.)
By Gigi Marino
LEWISBURG, Pa. — The former director of England's Financial Services Authority, Gay Huey Evans '76, offers advice to the Class of 2010.
Q: What is the single best piece of advice you can give new to graduates entering the workforce to secure their financial future?
A: I have a two-pronged response to this question. First, the phrase, "I can't do it," does not exist. You must believe you can do any task, no matter how small or how large. And second, you must also believe that "I can't do it alone,"meaning that you must always work with others. The lone-wolf model is not a good one.
Q: Do you think Social Security will be in place when our new graduates retire and, if not, how can they best prepare for their retirement now?
A: Social Security will be in place, but not as your parents know it, and it is not sufficient to be dependent upon for your old age. Therefore, steps must be taken to understand the means to save for retirement at a very early age. Do not think you can put it off until later in your life.
Q: After nearly 50 years of feminism, do today's young women share an equal financial footing with their male counterparts?
A: Women can share an equal financial footing with their male counterparts if they choose to. However, frequently they don't wish to, as the sacrifices with family and career can be too great.
Q: The Class of 2009 had a 95 percent placement rate. What do you think of this number in the current economy?
A: One can always find a job; therefore, the question is not one of a large percentage for placement, but can one find the right placement, and if not, can you succeed in finding the right employment opportunity soon thereafter? I believe that with a Bucknell education all of our graduates will be well placed.
Gay Huey Evans '76 is the vice chair of IBIM Sovereign Wealth of Barclays Bank in London, England, and a member of the Bucknell Board of Trustees.