SBA hosted the second annual flag football game on a rainy Friday. Pi Kappa Phi won the event though Pitt Business organizations, past Pitt D1 football players, club teams and residence hall floors also played. Despite the rain, students stayed to support their fellow teams and cheer on the victors. The students played on teams of 8 through the mud-filled Cathedral lawns.
We want to take a moment to thank our contributors:
Libby Waltman hails from Erie PA. She graduated from the University of Pittsburgh with a degree in Accounting. Waltman began her career in the auditing department at Price Waterhouse Coopers and remained there for 3 years. She then got a job with the Pirates as a staff accountant. She moved up in ranks to manager and now works with the CFO and small group to manage year round financials.
During her lecture to SBA, she talked about accounting in baseball as a fun career because reporting is based on tangibles. Her career gives her the opportunity to do many tasks and have strikingly different activities on her day-to-day schedule from ticket sales to promotions. She is required to do a lot of reporting to the MLB with the team’s ticket revenue, sponsorship revenue, and revenue sharing. The biggest expense to the team is player payroll – not surprising for a professional team!
Seasonality and change are pertinent in her career. She thoroughly discussed how her position changes throughout the four seasons. January - March are the busiest times, filled with the annual report, audits, and more. On the off-season, her schedule is more routine and she records revenues and reconciles money. Waltman also talked about how non baseball-related events, such as weddings or concerts, rely on the Pirates accounting department for business processes.