2. FOREWORD
In undertaking our function as the UNSW finance team, we
have endeavored to align our goals with the National Plan
08/09 of DOING EXCHANGE. Our raising of 19 EP's
contributed approximately 10% of the national goal.
We have heavily pushed for exchange through the
development and implementation of our tracking system.
We have endeavoured to ensure that over 90% of our
revenue stems from exchange, hence staying true to core
purpose of developing change agents through exchange
opportunities with
AIESEC.
2
3. 2008 /2009 2007/2008
EPs Raised 19* 10
EPs Realised 7 4
TNs Raised 1 1**
TNs Realised 1 0
CEED from UNSW 1 0
•*4EPs raised in May to be realised in July
•**Company backed out after raise 3
4. 96%
1200% Income
Monetary from
Finance Driving Growth
Exchange
Exchange
through
Rate
Driving Quicken Event
Exchange
Strategies
and Growth
Finance through
Members Tracking
looking to go System
on exchange
at end of
year!!
4
5. 2007/08 saw UNSW establish itself as an LC again ,
as reflected by the lack of 100% focus on
exchange. While OGX was the main income
stream, it cannot be said that we focused on
exchange with the raising and realisation of only
1EP and the lack of ICX results
The first half of 2008/09 saw UNSW fight for
survival...and be saved by EXTREMELY strong
exchange results. ICX raised a TN and OGX raised
15EPs, keeping the exchange focus strong even in
difficult times (our Grants/Sponsorship funding has
been minimal and we intend to keep it this way). We
also contributed to exchange through the servicing
of MC interns, who we have adopted into the
UNSW@ family and has greatly contributed to the LC
– e.g. Tamas Mihalovits was our Transition
Conference Chair
% Income from Exchange Growth – 346% Growth
Absolute Income from Exchange Growth -
$12954.75
OGX Income Growth - $7554.75 (202% Growth)
5
7. In the last year, UNSW has significantly focused
upon start-of-semester recruitment as the main EP
recruitment drive. Our recruitment campaign,
Project Bluebeard, garnered much attention as we
covered the campus in blue and X∆. All in all,
recruitment has cost us $400 and has brought us
15 EP raises last year.
7
8. Quicken Event was strategically
used, not to promote MTs, but to
promote DTs, especially Financial
DTs in the Empowering Africa
Program. Kai and Auvik talked
about the DT opportunities
available, especially in Togo (with
whom we have established an LC
partnership) and out of the 45
non-AIESEC attendees, 43
expressed their interest in our
exchange program.
8
9. UNSW@ has introduced a
Rewards and Recognition
policy whereby members are
nominated by other
members for their
performance, initiative,
leadership and commitment
(among other aspects). 7-8
members will be chosen and
each will receive $100
redeemable as conference
or exchange subsidy. This
has motivated members to
consider exchange and
going to conferences,
especially other conferences
around the world.
9
10. Last year, our PBOX (AIYEP) ran 3
successful events on
entrepreneurship, conducting
business in India and Indian culture.
A total of $400 was spent on these
events and they not only brought a
heightened awareness of Indian
culture, but they also promoted
exchange to India.
10
11. Exchange is not just about pre-departure, but is also very much about the
experience while on exchange and UNSW@ has invested heavily on
intern servicing to make sure that our interns are well looked after and
have a quality exchange experience. In the last year, UNSW@ has spent
$686.87 on servicing our interns, up from $453.30 in FY2007/08, and this
has been instrumental in driving EP growth from UNSW members.
11
12. UNSW@’s table at Career and Study Exchange Expos were a great
strategy to achieve exchange. Over 150 students expressed their interest
after talking to us and at least 3 information sessions were held this
semester. All this contributed to our raising of 15 EPs last semester and
4EPs this semester with much more to come in semester 2, which is
traditionally when students are more interested in exchange.
12
13. UNSW@’s exchange activities
2008/09
in the past year has been
Exchange Income $ 16700.00 highly effective in generating
Exchange Events $487.25 the results that we needed. A
Expense massive 230% return on
investment is a testament to
Recruitment $400.00 the fact that while our
Intern Servicing $686.87 exchange activities have been
Marketing $250.00 cost effective, they have been
Expenses greatly successful in
communicating our message
OGX Expenses $5410.24 of “do X∆” . This high ROI also
ICX Expenses $20.00 suggests that UNSW@’s
Total $7254.36 profitability, financial
sustainability and scope for
Return on Investment 230.21% future exchange growth.
13
14. UNSW@ Finance team’s year can only be described
as MASSIVE. From a humble beginning with
three members, we currently have seven active
members. From a Finance function that was not
even doing Finance (let alone exchange!) to being
a key driver of exchange, the scope and ability
of UNSW@ Finance has rapidly expanded.
Exchange is always at the forefront of everything
we do. Next year, several in the Finance Team will
be going on exchange. On a personal note, I am
looking to do an MT, followed by a DT/ET, as well
as a CEED opportunity while on study exchange
next year.
Despite initial setbacks (disbandment, only ≈$1k
in bank), Finance, with our unity, drive and
dedication, has been able to turn this around by
driving exchange activity. We’re definitely looking
to build on our successes and are looking forward
to next semester’s challenges!
Esther Ho
14
15. My current year in AIESEC has been
primarily focussed on attending the
development events offered. With
Finance on the other hand, I’ve been
more focussed on running the
QuickBooks events and holding
interviews.
Finance has offered me so much
since I first joint last year. I’ve been able
to obtain opportunities in training
others, teamwork, problem solving,
leading, communicating, allocating,
evaluating, as well as liaising with
various stakeholders from students,
AIESEC members, trainers and sponsors.
Daniel Liang
15
16. As a new member, I think that being a part of
the finance team has really allowed me to gain a
better understanding of the organisation.
The activity that left the deepest impression
on me was organising the Quicken Event. As a
member of the organising committee shortly after
my introduction to AIESEC, I was shocked at the
amount of responsibility entrusted to me, a new
member. There were complications regarding
event location changes. Within hours of the
change in plans, our finance team provided a
complete turnaround in our planning.
I have had an extremely rewarding 2 months,
and had the chance to develop my confidence
and leadership skills that I have not thought
possible in such a short amount of time. I look
forward to continuing, and furthering this
experience in the years and months to come.
Raymond Yiu
16
17. Joining AIESEC for the first time this year has
been nothing but a great experience. As a first
year and international student from Malaysia, the
idea of entering University for the first time in a
foreign land was daunting. But this all changed
ever since joining AIESEC. Getting into the Finance
team was for me a great achievement. Being the
newbie to both the AIESEC Finance team as well
as to commerce in general, I’ve picked up so
much. Creating Financial Reviews for one was
something that I thought required years of
education and training to do, and yet I already
know the basic idea of it a few months into my first
semester. The Finance team has thought me
basically that nothing is unachievable or hard to do. Watching my fellow
teammates who have been in AIESEC and university far longer than I have
has been in a way inspirational and makes me look forward to the next
5years of AIESEC & FINANCE!!!
Shamila
17
18. This year with Finance team has been
one of the most rewarding and
challenging, learning experience that I
have been through. Through helping
organise DLD and Quicken Training
sessions I have developed a clearer
understanding of finance’s role in events
management for a large organisation. I
am also impressed that as a team we
never remain static and constantly
redefine Finance’s role in the LC to help
enhance its performance. This includes
taking the initiative to design tracking
systems for each portfolio to allow the
portfolio and the LC to evaluate its
performance and help them improve if
needs be.
Ziwen
18
19. I was very excited when I was chosen to
join the AIESEC Finance team in the beginning
of the year. It was my first semester overseas
and having heard so much about AIESEC back
in Auckland it was my ultimate goal to join the
big AIESEC family. As a new member this
semester I feel that I have been given a lot of
opportunities to take on new
challenges. Having experienced the Quicken
Training event I can definitely see that I have
joined a friendly and cohesive team. Our
upcoming challenge will be preparing the
quarterly review, with the majority of us
unfamiliar with Quicken it will take a lot of
guidance and mentoring to bring us up from
scratch. However, I believe that this challenge
will only bring us closer together and let us grow
stronger as a team
Candy Lau 19
20. AIESEC Finance for 08-09 has been about
securing our current and future financial
performances. We came off a financially strong
year, and now have aspirations to take on a
more holistic role for the LC. I am excited about
our current work on a tracking system which
incorporates all portfolio’s of the LC which is
bringing us into unchartered waters, the
potential advantages gained from such a
system would rally the whole LC to achieve
even greater goals. In additional to these new
implementations, we are seeking to ensure that
financial skills are instilled into not only a new
and upcoming finance team, but the whole LC
in general, be that specific Quick Book usage
skills, or even knowledge on financial policies. I
believe the team this year will be a benchmark
for finance teams to come.
20 Richard
