A double major in English and religious studies, Elizabeth A. Maffey ’83 had hoped to return after graduation to her alma mater as a resident director and pursue a career in higher education. No jobs were available at the time, so she moved to Washington, D.C. with three classmates. There, she was hired by Freddie Mac as a temporary worker, a position that ultimately led to a more than 31-year career in the mortgage finance industry.
“I think my career is illustrative of what can happen with a liberal arts degree,” Maffey said recently. “With a liberal arts degree, you learn how to learn, you learn how to solve problems, communicate well, and fill in the gaps of what you don’t understand by asking questions. A lot of people I worked with at Freddie Mac assumed that I had an MBA or that I had been a finance major in college.”
Later in 2002, Maffey finally got her wish to work with higher education when she began serving on Randolph College’s Board of Trustees. During her term—which lasted until 2012—she served as co-chair of the Strategic Planning Committee. In fall 2015, she was re-elected to the Board. In addition to her time on the Board, she is a class agent and has volunteered for the R-MWC Alumnae and Randolph College Alumni Association’s Friends Program. She also serves on the board for the Kakenya Center for Excellence, a girl’s boarding school in Kenya founded by Kakenya Ntaiya ’04.
Maffey is excited to rejoin the Board of Trustees and its important discussions.
“I have missed it, especially my fellow Board members. It’s rewarding to work with a broad array of people who are dedicated to the same cause, but bring different skills to the table to solve problems,” she said. “It’s just been interesting learning how a college works and all of the facets of it. During my time working in mortgage finance, I have worked on complicated structured transactions, project management, and risk management, so in many ways the work of the Board is reminiscent of the work I have done throughout my career.”