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Description: The Simmons Educational Fund is a non-profit organization founded by Simmons & Associates. Their mission is to improve the veterinary profession through business education.
SEF Business Aptitude Awards are given at each participating veterinary school to a 3rd year VBMA veterinary student who shows excellence in business through their response to a veterinary business case or writing prompt. In addition to receiving a $3000 scholarship, these students are then eligible to compete for one $15,000 National prize and trip to the Western Veterinary Conference.
Description: A team of veterinary students will get a behind the scenes look at what it takes to become a veterinary practice owner. This program gives an in-depth overview of the keys to understanding financial reports, the lending process, practice management, and marketing strategies. The program is overseen by an on-staff DVM.
Objectives: business & finance principles, financial statements, business and personal credit, the lending lifecycle, veterinary practice management, marketing strategies, and business leadership.
Description: Students will learn fundamental business concepts through interactions with executives, management, and key members of several different departments including: Product Development, Claims, Underwriting, Compliance and Legal, Sales, Veterinary Services and Veterinary Relations. Students will gain specific knowledge about pet insurance through an overview of NATIONWIDE pet operations from product development and implementation, to claims calculations and the customer experience. NATIONWIDE will also receive Marketing and Social Media education.
Objectives: Students will learn general business and management principles through a one-week rotation at Nationwide’s headquarters in Southern California. This externship is unique, in that it provides a view of business from a veterinary financial services perspective, in addition to contributing towards all four categories of the Business Certificate Program.
Description: During the course of a Banfield Externship, students will develop medical skills, increase their medical knowledge base, learn about the business of veterinary medicine, and see firsthand Banfield’s quality and client-focused pet care.
Objectives: Student gains an in-depth understanding of how an animal hospital corporation with an emphasis on preventive care, management, and business concepts operates. Extern positions are available nationwide and emphasize both medicine and business. Furthermore, exceptional students with specific interests (ex. government or industry relations, marketing, research, etc), can contact the Banfield externship team for the opportunity to create their unique program and extern at Banfield’s corporate headquarters.
Description: The externship is a 3-4 week hands-on opportunity for 3rd and 4th year veterinary students to work with Dr. Charlotte Lacroix on issues affecting veterinary medicine, including analysis of emerging business and legal issues, employer/employee contract negotiations, the buying and selling of veterinary practices, and the relationship between practice owners. Whether you are considering attending law or business school in the future, hope to learn more about running a successful practice or simply want to learn more about the challenges confronting the veterinary profession, your externship will broaden your view of veterinary medicine, the business, commercial, legal and ethical concerns it must address, and teach you about the practical “business” of being a veterinarian.
Objectives: During your externship, you will participate in conferences with clients and learn first-hand the concerns faced by practice owners and their employees. You will analyze employment agreements and learn what makes a fair deal as well as what you, as a prospective employer or employee, will want to consider in your own contracts. Listening to clients and assisting with the drafting of new agreements, settlements, and legal communications, will offer you practical insight into how contract failures and disputes occur and how to resolve them. You may participate in practice purchase and sale negotiations, learning how practice sales are financed and conducted–it’s a lot more than just signing on a dotted line–and how to structure relationships among owners in practice buy-ins. You will gain valuable concrete experience as to what makes a successful veterinary practice and how to improve it, whether by increasing earnings, revamping compensation and/or profits, improving employee’ morale, leveraging staff, or achieving a higher quality of medicine. You will research emerging legal and ethical issues, evaluate how they may impact veterinarians and how you can influence the future of veterinary medicine.
Download the VBA Application
Please use the Business Focused Externship Application to request credit for each completed business-focused externship. If an externship has already been approved i.e. Live Oak Bank, Nationwide, Banfield, etc. an application is not required. Submit forms and direct all questions to the 2017 National Business Certificate Director Laura Philbin. Please submit the Business Focused Externship Letter of Completion signed by the externship supervisor within two weeks of the last day of the externship. The signed letter can be scanned in and emailed to Laura Philbin.