Meet Darryl Schoen, Chico State’s 2019 Distinguished Alumnus
Darryl Schoen (Business Administration, ’77) is an entrepreneur and president of Manufacturers Financing Services, a multinational equipment financing company he started following his collegiate career and a brief start in banking. MFS has stood as an industry leader for 20 years, financing equipment for businesses across the world. Schoen serves on the University Foundation Board and the Center for Entrepreneurship Board, and has been honored as the Orangewood Children’s Foundation Volunteer of the Year. He is one of eight distinguished alumni to be honored by the University this fall, and he spoke with us to reflect on his success, his career, and his Chico State experience.
What does the Chico experience mean to you?
“The key benefit of Chico was a more personalized educational experience. When I was applying for MBA programs after my undergrad, and I got all my acceptances and rejections back, I had a finance professor who was a great guy. His son was getting his MBA, and he was in town visiting. My professor invited me to dinner to ask him questions and spend time with his family. It was such a cool thing to be able to do. Chico gave that personalized experience to me. We hear about reputation all the time: Harvard, Stanford, UCLA, or whatever, yet I think the environment at Chico is such a special environment—that personalized education is almost nonexistent anywhere else.”
What advice would you give your graduating self?
“Consciously know your value system and stay true to that throughout your life. It provides a good guide and helps provide a better chance of success and more happiness. I learned those values a little later on, after I got some experience and really discovered what had the most meaning to me.
To me, it was the value of culture. When I’d visit companies, I’d become so aware of the feel, how happy people were working there. When I started my own business, I wanted to create a culture I was most comfortable in, and trust that the people I hired felt the same way. Family was part of that for me. I don’t want to ever miss any of my sons’ games or school plays, and I don’t want you to miss any either. So when you have something you’ve got to do, go do it. We’ll never get that time back. I’ve only had one person leave my company since 1991, and that is one of the most important accomplishments of my life. It validates the values I follow.”