How a Rutgers Alum Single-Handedly Saved the U.S. Treasury Market After 9/11 – New York News
Let’s explore some of the most interesting stories that have emerged from New York City business schools this week.
9-11 and The Almost Meltdown of the U.S. Treasury Market – Rutgers Business School Blog
Rutgers Business School recently published the incredibly unique and singular story of how Art Certosimo, RBS alum and Senior Executive VP of Bank of New York-Mellon heading the Global Markets Group, almost single-handedly saved the US Treasury market in the immediate aftermath of 9/11.
After Art extricated his team to a temporary base in New Jersey on the 12th, Art quickly understood that he needed to procure a “massive fiber-optic cable to the data center in New York City” or risk a meltdown of the entire U.S. Treasury Market and “the possible demise of the credibility of U.S. sovereign debt.”
“Art and Tom Renyi, CEO of BNY (another Rutgers graduate, and dear friend of RBS and REMBA) had a conference with Colin Powell, Donald Rumsfeld, Dick Cheney and a host of 4- and 5-star generals, and explained to them that this was ‘priority #1’ for that day, 9-12.”
You can read the full account of the event here.
Michael Cline, Founder of Fandango, Shares the Keys to Entrepreneurship – Gabelli Connect
Fandango, Exult, Xchanging, Accretive Health, and Accolade founder Michael Cline recently took part in the Gabelli School of Business Speaker Series at the school’s Lincoln Center campus to share his insights on the “major milestones that occur over the course of starting a new venture.”
Cline explained that the entrepreneurial journey “looks more like an inverted bell curve, swooping down for quite some time before slowly creeping back up until the idea becomes something the creator is proud of creating.”
Gabelli undergrads reportedly got a lot of Cline’s lecture. Undergrad Zach Zimmerman, BS ’19 writes, “It was great to see Mr. Cline’s perspective as a serial entrepreneur and understand the emotional roller coaster behind creating anything great. When you get in a ‘swamp of despair,’ which happens with any great project, it is important to stay focused, driven, and persistent.”
Get the full scoop on Cline’s talk here.
Sharing Ideas, Inspiring Change – Lehigh College of Business and Economics Blog
The Lehigh University College of Business and Economics recently hosted its two-day 2018 Symposium on Teaching and Learning in which staff and students presented new interdisciplinary research techniques and classroom strategies.
Just a few examples include “journalism students using drones to tell stories; biology students exploring the body in virtual reality; urban studies students using outdoor spaces as labs for testing ideas to improve city life; and students in organic chemistry making tutorial videos for their peers.”
Sarah Stanlick, Lehigh professor of practice in sociology and anthropology and director of the CCE, hoped that the symposium opened people’s eyes to “some really interesting, innovative pedagogues, the fact that research can be really impactful outside of the university, that there are partnerships and ethics and humility that need to be brought into these lifelong learning collaborations and that there is power in higher ed to be world-changing.”
Lehigh professor Sarah Stanlick speaks at the recent 2018 Symposium on Teaching and Learning / Photo via lehigh.edu
You can read more about the symposium here.
NJ Monthly Mag Highlights Rutgers EMBA Doctors, and More – New York City News
Let’s explore some of the most interesting stories that have emerged from New York City business schools this week.
NJ Monthly Mag Highlights Rutgers EMBA Doctors – Rutgers Business Blog
According to stats released by Rutgers Business School, it’s not uncommon to find between 1-5 doctors in a typical EMBA class. This is largely due to the new reality of the medical profession, which has increasingly required that doctors “transition from medical practice to running hospitals, managing hospital finances, heading-up HMOs, working for pharmaceutical companies and becoming Chief Medical Officers.”
Three Rutgers EMBA Doctors made New Jersey Monthly Magazine’s annual “Top Doctors” list:
- Clifford Sales, a vascular surgery specialist at Overlook Medical Center
- Eric Seaman, a male infertility specialist at the Urology Group of New Jersey
- Jacqueline Williams-Phillips, the medical director of the Pediatric Intensive Care Unit at Bristol-Myers Squibb Children’s Hospital at Robert Wood Johnson University Hospital in New Brunswick and associate professor of Pediatrics at UMDNJ-Robert Wood Johnson Medical School.
Learn more about these EMBA Superstar Doctors here.
Patagonia Exec Talks ‘Fast Fashion,’ Fair Trade, and What It Means to Be A Responsible Company – Gabelli Connect
The Gabelli School of Business‘ Center for Humanistic Management recently hosted a guest lecture from Vincent Stanley, the Patagonia director of philosophy, in which he talked about how corporate responsibility has directly shaped the company’s business.
“One of our big concerns is how we look at the challenges of the planet and ensure that our company is not contributing to those challenges and instead contributing to the solutions. Nature is not just where we go to play. The health of our natural systems underlines all of our social and industrial systems, even in this tiny little town where we were based.”
Vincent Stanley, Patagonia director of philosophy / Photo via fordham.edu
You can read more about Stanley’s lecture here.
Can Stevens Students Create a Cryptocurrency Exchange? Bank on It – Stevens Institute of Technology SOB Blog
A team of Stevens Institute of Technology School of Business seniors recently announced its plans to unveil Coin Complex, a cryptocurrency exchange designed to address and improve upon the limitations of the current trading options, at the May 2 Innovation Expo. George Engroff, a senior finance major who recently completed a summer internship with Credit Suisse, elaborates: “The exchanges I was using were completely inadequate—none of them gave you a good understanding of the market and your portfolio. So I thought, here at Stevens, we have a lot of smart people and innovators—I’m sure we could make a better exchange than what’s out there.”
The Coin Complex login / Photo via Tom Braunck
You can find out more about Coin Complex here.
Chicago Booth, Michigan Rise in New U.S. News Business School Ranking
The new, official U.S. News & World Report ranking of the best business schools in the United States has been released, with some minor shake-ups at the top. For the second year in a row, Harvard Business School remains tied for the first overall in the ranking. However, the University of Chicago Booth School of Business officially supplanted The Wharton School at the University of Pennsylvania, which fell back from its tie at the top to third overall.
The rest of the top ten, as we previously mentioned, largely resembled last year’s U.S. News release, except for the inclusion of the Ross School of Business at the University of Michigan and the exclusion of the Yale School of Management. Surprisingly, Michigan Ross may have made the strongest showing in the newest ranking, not only managing a position in the top 10, but landing tied for seventh overall—ahead of Columbia Business School and the Dartmouth Tuck School of Business. The Yale School of Management slipped to a tie at 11th overall with Duke University’s Fuqua School of Business.
U.S. News & World Report 2019 Best Business School Rankings
| Rank | School |
|---|---|
| 1st (Tied) | Harvard Business School |
| 1st (Tied) | University of Chicago Booth School of Business |
| 3rd | The Wharton School at the University of Pennsylvania |
| 4th | Stanford GSB |
| 5th | MIT Sloan School of Management |
| 6th | Northwestern University Kellogg School of Management |
| 7th (Tied) | University of Michigan Stephen M. Ross Business School |
| 7th (Tied) | UC Berkeley Haas School of Business |
| 9th | Columbia Business School |
| 10th | Dartmouth College Tuck School of Business |
Chicago Booth, Michigan Shine Among Rising Full-Time MBA Programs
For the first time in school history, the Booth School of Business secured its place atop of the U.S. News ranking (albeit tied with HBS). In a statement, Booth Dean Madhav Rajan noted, “We are pleased to be recognized in this manner, and gratified that the recognition is across the board. We continue to strive to be the pre-eminent academic school of business.”
After its place among the top ten business schools was revealed, Michigan Ross Dean of Business Scott DeRue stated in a release, “We are excited to once again be ranked among the top 10 MBA programs in the country by U.S. News & World Report. This recognition is a testament to the extraordinary talent at Michigan Ross, our innovations in action-based learning, our partnerships with leading companies across the globe, and the most supportive alumni community in the world. We are developing leaders who have the character and capabilities to transform the world through business, and it’s an honor to be recognized among the very best in the world.”
On its website, the school also proudly boasted that, outside of Stanford GSB, no business school in the ranking earned more top ten placements in specialty areas, earning high grades for: “Accounting (No. 4), Entrepreneurship (No. 7), Finance (No. 10), International (No. 5), Management (No. 3), Marketing (No. 4), Non-Profit (No. 5), Productions/Operations (No. 3), and Supply Chain (No. 6).”
Outside of the top ten, the USC Marshall School of Business watched its stock rise again this year. Two years ago, U.S. News handed USC Marshall the 31st spot on its best business school ranking, which jumped to 24th last year, and 20th this year. Just a few spots back of USC was the Jones Graduate School of Business at Rice University, which saw the largest leap of any of the top 25 schools—jumping six spots from the previous year.
Nine schools among the top 100 in the new rankings managed to jump at least ten spots, including three MetroMBA favorites: the Whitman School of Management at Syracuse University, the Neeley School of Business at TCU, and the Fordham School of Business at Fordham University. Whitman, in fact, tied for second highest rise, improving 18 spots overall from last year’s 88th overall placement to 70th this year. No school improved more, however, than the Weatherhead School of Management at Case Western Reserve University in Cleveland, Ohio, which improved a remarkable 22 spots from last year’s 77th overall placement to 55th this year.
The Syracuse University Whitman School of Management jumped 18 spots in the most recent U.S. News “Best Business Schools” ranking.
A handful of schools also secured a spot in the top 100 after not appearing at all the previous year, including the Howard University School of Business, the American University Kogod School of Business, and Argyros School of Business and Economics at Chapman University.
Which Schools Fell The Hardest?
Along with the Yale School of Management losing its prestigious top ten status, a handful of schools tumbled in the 2019 ranking—with some virtually flat-lining. No school fell more than the Poole College of Management at North Carolina State University, slipping an astounding 35 spots from 55th last year to 92nd this year. Eleven schools lost their top 100 status in total. The reasoning behind the sudden drops are likely linked to the publication’s change in how it ranks the business schools.
In regards to the ranking methodology, U.S. News placed less value in test scores and student GPA. In a release this afternoon, U.S. News reported the following:
“For the first time U.S. News reduced the value of reported GPA, GRE and GMAT scores for full-time and part-time MBA programs and GRE scores in the education rankings if less than 50 percent of an entering class submitted these scores. U.S. News believes this lack of data means the scores are not representative of the entire class.”
The change, arguably, could stem from the fallout of the Temple University Fox School of Business, which was knocked off all of the publication’s rankings for the 2018 calendar year because of falsely reported data regarding test scores.
Stay tuned to MetroMBA on all the biggest MBA ranking news.
New York City MBA Information Technology Programs
Information Technology (IT) is critical to the business world. It allows organizations to work more efficiently and helps maximize productivity. IT also covers a range of areas from computer applications to remote access networks, security engineering systems, and communication. The Bureau of Labor Statistics predicts that jobs for Information System Managers will grow much faster than average compared to all occupations. In fact, the job outlook for 2024 is 15 percent growth compared to 7 percent on average.
If you’re in the New York City area and you want an MBA in Information Technology, the following schools offer programs and concentrations for this fast-paced and growing career field. Continue reading…
Gabelli Launches New Think Tank for More Holistic Accounting
The Gabelli School of Business recently announced plans for its new Center for Professional Accounting Practices (CPAP)—a new initiative designed to foster a more holistic accounting approach.
Gabelli Addresses Sustainability and Social Entrepreneurship, Wins AACSB Award
Gabelli School of Business recently celebrated the school’s win at AACSB Award winning 2017 Innovations That Inspire initiative, created to “shine a spotlight on a variety of ways that business schools are changing the face of business education.”
