Lawrence Hutchison ’80
Business administration–global management | Pottstown, Pa.
In fall 2006, Larry Hutchison was standing along the sidelines during an SU men’s soccer game when he overheard graduating seniors discussing concerns about many of the important personal financial decisions they were going to have to make after they graduated.
A 1980 business administration–global management graduate, Hutchison had recently joined the Sigmund Weis School of Business Advisory Council. Having spent most of his career in financial services, he sensed a need to better educate Susquehanna students about the nuts-and-bolts of personal finance—everything from banking and credit card issues to how to rent an apartment and handle household expenses—once they get their first job.
His insight led to the creation of what is now a voluntary personal finance seminar for SU students taught by Hutchison and Jameson Troutman ’02, last year’s recipient of the Outstanding Recent Alumnus Award. This past year, 75 students, mostly seniors, took the seminar.
“It started off just for seniors in the business school and then quickly evolved to include all majors,” says Hutchison, a Pottstown, Pa., resident. “Quite frankly, music majors need this life skill as much as business majors.”
Hutchison is proud of the fact that this past spring, Susquehanna also introduced into the academic curriculum a for-credit personal finance course.
As a result of his experience educating SU students and recent experiences in helping family members untangle the financial affairs of deceased loved ones, Hutchison has launched Lifestage. This fee-for-service personal finance consulting firm focuses on educating young people, helping families budget and organize their finances, and advocating for older individuals and their families about estate planning and other financial matters.
Hutchison’s family ties to Susquehanna run four generations deep and include nearly 70 relatives. His paternal grandparents, Ted ’34 and Abby ’34 Hutchison (1982 co-recipients of the Alumni Award for Service), uncle Horace Hutchison ’36, and father, David ’61, graduated from SU. So did his wife, Marcia “Misha” Weaner ’82 Hutchison, and their two oldest sons, Justin ’06 and Ian ’10.
Hutchison also serves on the university’s Outcomes Task Force and has been heavily involved with the alumni office on a pilot program to encourage more alumni to sign up on SU Bridge—an electronic alumni-student network where alumni can indicate their willingness to hire SU graduates, sponsor SU students for internships, speak on campus or share their career experiences with students in various ways.
“If we can engage more alumni to help students, then the students who benefit from the help will want to pay it forward once they are in a position to do so. This creates a culture of recurring engagement where all parties benefit,” he says.
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