Accounting Student · IUP
Charles
Marshall

Sophomore accounting student at IUP's Eberly College of Business. Dean's List, early MBA admission, and working on undergraduate research in financial analysis.

★ Dean's List · Fall 2025 & Spring 2026
MBA Early Admission · Eberly CoB
PEA Conference — Presented May 2026
AICPA · PICPA · PEA Member
Charles Marshall
What I Do

What I'm focused on

📊
Undergraduate Research

Working with Dr. Veronica Paz on an analysis of Boeing's capital allocation using SEC 10-K filings. Comparing Boeing and Airbus investment decisions over an 11-year period.

🏫
Academics

Dean's List student in the Eberly College of Business with early admission to the MBA program. Member of AICPA, PICPA, and the Pennsylvania Economic Association.

🏆
Conference Presentations

Presented at the PEA Best Undergraduate Paper Contest in May 2026 and served as paper discussant. Also scheduled to present at U-SOAR in August 2026.

Right Now

What I'm currently working on

Research
Boeing Capital Allocation Study

Wrapping up my undergraduate research comparing Boeing and Airbus R&D investment. Presenting at U-SOAR in August 2026.

Academic
Sophomore Year · IUP

Working through core accounting courses including Macroeconomics, Microeconomics, Financial Accounting, and Calculus.

Professional
Professional Memberships

Student member of AICPA, PICPA, and the Pennsylvania Economic Association. Trying to stay connected to the profession while still in school.

About

Finance, strategy, and the numbers that matter

Charles Marshall
Charles Marshall · IUP · Class of 2028

I'm Charles Marshall,
accounting student at IUP

I'm a sophomore at Indiana University of Pennsylvania studying Accounting at the Eberly College of Business. I'm in the early admission track for the MBA program and a student member of the AICPA, PICPA, and Pennsylvania Economic Association.

Outside of class I've been working with Dr. Veronica Paz on an undergraduate research project analyzing Boeing's capital allocation decisions — comparing how Boeing and Airbus invested their money over an 11-year period. I got the chance to present that at the PEA Best Undergraduate Paper Contest and I'm presenting again at U-SOAR in August 2026.

I take my academics seriously and I've genuinely enjoyed getting into the research side of accounting. I'm still early in my career but I'm trying to build something real while I'm in school.

University
IUP · Eberly CoB
Standing
Sophomore
Major
Accounting
Status
Available · Summer '26
My Journey So Far
Fall 2025
Started at IUP

Enrolled at Indiana University of Pennsylvania. Made the Dean's List in my first semester.

★ Dean's List
Spring 2026
Dean's List · Spring 2026

Made the Dean's List for the second consecutive semester while completing coursework in the Eberly College of Business.

★ Dean's List · Spring 2026
Spring 2026
Switched to Accounting · Research Begins

Transferred into the Eberly College of Business to study Accounting. Started undergraduate research on Boeing's capital allocation with Dr. Veronica Paz.

Early 2026
MBA Early Admission · Professional Memberships

Admitted to the early MBA track at Eberly College of Business. Joined AICPA, PICPA, and the Pennsylvania Economic Association as a student member.

MBA Early Admission
May 2026
PEA Conference Presentation

Presented Boeing research at the PEA Best Undergraduate Paper Contest. Also served as paper discussant for Jordyn Trusnovic's second-place paper on nonprofit hospital profitability.

✓ Completed
August 2026 — Upcoming
U-SOAR Research Conference

Scheduled to present Boeing research poster at IUP's undergraduate research symposium.

Scheduled
2028 — Expected
B.S. Accounting · IUP

Expected graduation from the Eberly College of Business, followed by the MBA program.

Research

Undergraduate research

Undergraduate Research · 2025–2026 · Indiana University of Pennsylvania
Trading Tomorrow for Today: An Analysis on Boeing's Capital Allocation Strategy
Faculty Advisor: Dr. Veronica Paz

An undergraduate research project analyzing Boeing's capital allocation decisions using SEC 10-K filings. The study compares Boeing's spending on buybacks versus R&D against Airbus over an 11-year period, looking at what those choices say about each company's priorities.

Forensic Accounting
SEC 10-K Filings
Capital Allocation
Airbus Comparison
Data Visualization
PEA Best Paper
↓ Download Paper ↗ View Paper
$43.4B
Boeing Stock Buybacks · 2013–2019
$21.8B
Boeing R&D Investment · Same Period
11yr
Study Period · 2014–2025
Key Findings
2:1
Buyback to R&D Ratio

Boeing spent nearly twice as much on stock buybacks as it did on research and development between 2013 and 2019, a pattern with no parallel at Airbus over the same period.

11yr
Longitudinal Study

The analysis spans 2014 to 2025 using primary source 10-K filings, making it one of the most comprehensive undergraduate treatments of Boeing's capital decisions.

vs.
Airbus Comparison

By benchmarking Boeing against Airbus, the research isolates industry-wide factors from company-specific decisions, strengthening the case that Boeing's choices were deliberate departures from best practice.

Methodology

This research used a primary-source forensic accounting approach. Rather than relying on secondary analysis, every data point was pulled directly from official SEC filings — the same documents auditors and institutional investors use.

01
SEC 10-K Collection

Collected annual 10-K filings for Boeing and Airbus spanning 2014–2025 from SEC EDGAR and Airbus investor relations.

02
Data Extraction

Isolated R&D expenditure, share repurchase, and capital expenditure line items from each filing for consistent year-over-year comparison.

03
Comparative Analysis

Benchmarked Boeing's allocation ratios against Airbus to separate industry trends from company-specific financial decisions.

04
Visualization

Translated raw financial data into visual representations showing the divergence between Boeing and Airbus investment patterns over time.

Conference Presentations
May 2026 — Completed
PEA Best Undergraduate Paper Contest

Presented "Trading Tomorrow for Today" at the Pennsylvania Economic Association annual conference. Also served as paper discussant for Jordyn Trusnovic's paper "Investigating the Drivers of Profit in Nonprofit Hospitals Over Time," which received second place.

Paper Presenter + Discussant
August 2026 · Scheduled
U-SOAR Undergraduate Research Conference

IUP undergraduate research symposium. Poster presentation of Boeing capital allocation research supervised by Dr. Veronica Paz.

Poster Presentation
Education & Achievements

Academic trajectory

Expected May 2028
B.S. in Accounting
Indiana University of Pennsylvania · Eberly College of Business

Accounting major focused on corporate finance, financial statement analysis, and strategic business decision-making.

★ Dean's List · Fall 2025 & Spring 2026
Early Graduate Admission · Expected 2029
Master of Business Administration
Eberly College of Business · IUP

Accelerated graduate pathway for high-performing undergraduates. Eligible to begin MBA coursework prior to completing the undergraduate degree.

Professional Memberships · 2026–Present
AICPA · PICPA · PEA
Student Affiliate & Member

Student affiliate of the American Institute of CPAs, the Pennsylvania Institute of CPAs, and the Pennsylvania Economic Association.

What's next

The MBA early admission track means I can start graduate-level coursework before finishing my undergraduate degree — a pathway reserved for students demonstrating exceptional academic performance. The goal is to enter corporate finance or financial analysis with both the analytical foundation of an accounting degree and the strategic perspective of an MBA.

Undergraduate
B.S. Accounting · Expected 2028
Graduate
MBA · Expected 2029
Target Career
Corporate Finance · Financial Analysis
Certifications & Professional Development
McGraw Hill · February 2026
Essential Skills in Microsoft Excel
ID: 173483413
McGraw Hill · January 2026
Essential Skills in Generative AI
ID: 172763109
IUP · April 2026
Artificial Intelligence (AI) Summit
ID: 180105509
Professional Memberships
American Institute of CPAs (AICPA)
Student Affiliate
2026 – Present
Pennsylvania Institute of CPAs (PICPA)
Student Member
2026 – Present
Pennsylvania Economic Association (PEA)
Student Member
2026 – Present
Skills & Philosophy

Skills & coursework

Financial statements tell you what happened. The interesting question is always why — and what it means for what comes next.
Charles Marshall · Boeing Research, 2026
Financial Statement AnalysisAdvanced
Forensic AccountingProficient
Capital Markets ResearchProficient
SEC 10-K Filing AnalysisProficient
Data VisualizationProficient
Academic & Business WritingAdvanced
Financial Modeling · ExcelCertified
Generative AI ToolsCertified
Tools & Technology
📊
Microsoft Excel
Certified
☁
Microsoft Azure
Experienced
🤖
Generative AI
Certified
📄
SEC EDGAR
Proficient
💻
Microsoft Office
Advanced
📈
Financial Modeling
Developing
Relevant Coursework
Principles of Macroeconomics
Principles of Microeconomics
Business Applications Using Excel
Calculus
Financial Accounting
Information Systems 300
Accounting 202
Additional coursework in progress
Curriculum Vitae

Full academic record

Charles Marshall — Full CV

Complete curriculum vitae covering academic record, research, conference presentations, professional memberships, and certifications.

↓ Download CV ↗ View CV
Education
B.S. Accounting · Early Graduate Admission (MBA)
Indiana University of Pennsylvania · Expected 2028 / 2029
Honors
Dean's List · Fall 2025 & Spring 2026
IUP · Credential ID: 171191985
Research
Trading Tomorrow for Today: Boeing's Capital Allocation
2025–2026 · Advisor: Dr. Veronica Paz · IUP
Conferences
PEA Best Paper Contest · U-SOAR Research Conference
May 2026 · August 2026 (Scheduled)
Memberships
AICPA · PICPA · Pennsylvania Economic Association
Student Affiliate / Member · 2026–Present
Certifications
Excel Specialist · Generative AI · AI Summit
McGraw Hill & IUP · 2026
Get In Touch

Let's connect

Feel free to reach out if you want to connect, talk research, or just have a conversation about finance. I'm always happy to hear from people in the field.

Emailcharlesdm06@gmail.com→ LinkedInLinkedIn — charlesdmarshall→ Websitecharlesdmarshall.com→
LocationIndiana, Pennsylvania
Response Time
I typically respond within 24–48 hours.
Send a Message

Charles Marshall · Indiana, Pennsylvania · 2026