Rutgers Faculty Member Moving On Up – New York News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week.
Rutgers Lends Expertise to Newark – Rutgers Business School News
When Newark’s Community Economic Development Corporation lost its chief executive, Mayor Ras Baraka enlisted Lyneir Richardson of the Rutgers Business School to take the reigns. The Rutgers professor the opportunity as an “act of service” and said that he would be thrilled to share his knowledge and ensure that the Newark CEDC continued its vital role in attracting businesses, guiding real estate development and helping to sustain small businesses across the city.
“I’m honored to be of service to the city at this moment of economic energy,” Richardson says. “My temporary role in the city “will bring new relevant examples to my teaching.”
Rutgers University-Newark Chancellor Nancy Cantor remarks:
“Rutgers is a committed stakeholder in the present and future of our great city—not just in Newark, but of Newark—and we are pleased to be able to assist during this critical transition.”
You can read more about Richardson’s role here.
Lessons from Mario Gabelli, Merger Master – Gabelli Connect
Mario Gabelli, Chairman and CEO of GAMCO Investors, Inc, is a legendary “arb” (better known as a risk arbitrageur). He has utilized the discipline of risk arbitrage to successfully invest in companies undergoing mergers, reorganizations and other corporate events. The Fordham University Gabelli School of Business stresses that there is no better discipline that will teach you everything you need to know about deal-making than arbitrage, noting that it teachers investors financial techniques applicable across the financial industry.
“Those things work on everything you do,” Gabelli says.
“It keeps you up-to-date on every financial technique that’s available.” For students, “this is a great business to be in because you learn a lot, it’s not complicated, and you can do it tonight.”
Kate Willing, writer of the recently-published “Merger Masters: Tales of Arbitrage,” asserts: “risk arbs must also have nerves of steel—the discipline to adhere to a strategy, a willingness to tolerate calculated risk, and an ability to make decisions under conditions of uncertainty.”
You can read more from the Gabelli Connect article here.
2018: Year in Review – Lehigh University
Alongside a myriad of learning experiences, research, and huge celebrations on campus, the Lehigh University College of Business and Economics wrapped up an exciting year. Five noteworthy moments in 2018 featured a one billion dollar fundraising campaign, a distinguished Lehigh alumni commencement speech, an outstanding successful wrestling season, discovery of a new geometric shape by a Lehigh professor, and a five-story residential facility.
Deloitte CEO and Lehigh alum Cathy Engelbert says to graduates: “Do what hasn’t been done,” and shared three life lessons at Lehigh’s 150th commencement.
Kicking off its $1 billion campaign, Lehigh announced a generous $20 million gift from Lehigh Board of Trustees Chair Kevin L. Clayton ’84 ’13P and Lisa A. Clayton ’13P.
A new geometric shape: “Team of researchers discover a new shape present in epithelial cells that minimizes energy and maximizes packing stability during tissue bending. The new research can lead to advancement in tissue engineering.”
You can read more about the year that was at Lehigh here.
July MBA Application Deadlines Are Coming Up
Yes, it’s finally summertime and the livin’ is easy, but that doesn’t mean you can sleep on these upcoming MBA application deadlines. Take a look at which programs have deadlines coming up, and get these applications in now so you can hurry back to the beach and work on that tan! Continue reading…
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.
Philly’s Fastest MBA Programs
You’re education is important—but so is your time. And for those looking to earn an MBA to accelerate their job growth or fast track their careers, the faster you can earn that degree the faster you can get back to earning money and making an impact in your field.
Most business schools offer a variety of MBA programs for students to choose from, allowing everyone from recent graduates to experienced executives the flexibility to choose a program that best fits into their life and schedule. For driven students who just can’t wait to reap the benefits of their MBA, many schools offer accelerated or One Year MBA programs that shortens the traditional length of time it would take to earn an MBA. While the curriculum can be rigorous, the programs give students the chance to quickly earn their degree, both minimizing the amount of money spent on classes and the income lost from not working full time.
In Philadelphia, there are a number of programs that allow you to go from applicant to degree holder in as little as twelve months. And since a 2017 study ranked Philadelphia as one of the five most-improved economic cities in the U.S., you won’t want to miss your chance to reap the benefits of this economic boom with your degree in hand.
The Fastest Philadelphia MBA Programs
Fox School of Business – Temple University
The Temple University Fox School of Business Executive MBA is one of Philadelphia’s quickest and most flexible MBA degrees. The program takes place over the course of 16 months, with classes delivered on one three-day weekend per month. The program is designed for experienced professionals who want to pursue their degree without giving up their career, and is constructed to accommodate a full-time work schedule.
For those looking for a quick MBA without the ten or more years of work experience an EMBA requires, Temple Fox’s Online MBA can be earned in just 20 months. Outside of one week-long residency at the start of the program, the digital aspect of this degree gives students not just time flexibility but also location. After the residency, this program can be pursued from pretty much anywhere!
LaSalle University School of Business
The School of Business at LaSalle University offers a One-Year MBA program for students with undergraduate experience in business. Knowing that important business pre-requisites for the degree are already out of the way, students can jump right in and earn their MBA in as little as 12 months.
The AACSB accredited One-Year program is an intensive degree program that requires students to take a full course load for the fall and spring semester as well as working through a winter intersession and summer semester. Students in this program also have the opportunity to specialize their degrees in the fields of accounting or finance, and will help prepare graduates to take the CPA and CFA exams by the end of the year. Students will also be paired with an academic adviser throughout the year who will help plan for their future careers. And the success of past graduates of the One-Year MBA program seems pretty clear, joining major companies like Deloitte LP, KPMG, PwC, and JP Morgan Chase, among others.
The La Salle One-Year MBA is among the fastest MBAs you can earn in any major East Coast city.
Haub School of Business – Saint Joseph’s University
The MBA at Saint Joseph University’s Haub School of Business can be completed in as little as one year for students who meet certain undergraduate requirements. Students can pursue this degree in a variety of ways, whether on campus or online, and whether full or part-time. Regardless of format, the MBA at Haub gives students the option to choose major for their degree, among high-demand disciplines like marketing, data intelligence, finance, international business and more.
The overall data which shows that those with an MBA earn more and have more career opportunities most certainly rings true for graduates of Haub’s MBA program. Nearly 76 percent of graduates said their SJU MBA helped their career advance, and 73 percent reported a salary increase as a result of their graduation. With the chance to limit the time of an SJU MBA to just 12 months, students can work their way to these benefits even faster.
Lehigh University College of Business and Economics
The 1-MBA at the Lehigh University College of Business and Economics is a full-time, one year MBA program designed for professionals looking to either accelerate their career or looking to change careers and move towards a business-related field. The rigorous program, which is located all on campus, cuts the time it takes to pursue a traditional Lehigh MBA in half.
Unique benefits of the 1-MBA at Lehigh include a team of mentors and coaches assigned to students even before they arrive on campus, including a faculty adviser, industry mentor and career coach who will help guide students through their year-long program. The program is also centered around a consulting practicum, which both trains students in practical skills for consulting and provides hands-on experience in the field. The 1-MBA program also focuses intensely on the professional development of every student in the program, offering personalized coaching and global immersion study opportunities that can help shape and prepare students for future business success.
Lehigh Online MBA Ranked Among the Best in the U.S.
Sponsored Content
Lehigh’s College of Business and Economics was ranked on Poets&Quants’ recently debuted 2018 ranking of the best Online MBA programs. Inside the top 10, Lehigh earns the No. 6 spot among the best business schools in the U.S.
For Poets&Quants’ first ranking of online MBA programs, it based its rankings on three core dimensions: the quality of the incoming student, an assessment by graduates of the MBA experience, both the academic and the extracurricular activities, and the career outcomes of the programs’ graduates.
The data was gathered from both school and alumni surveys that included questions on statistics and a wide range of topics regarding whether the program met alumni expectations and if alumni would recommend the program.
The nationally ranked Flex MBA Program provides the flexibility to fit students’ professional and personal needs in an academically rigorous environment and an unparalleled peer group. Students can attend any given class in person or live online. It’s the ultimate hybrid learning environment.
To learn more about the Lehigh University College of Business and Economics Flex MBA program, visit https://cbe.lehigh.edu/academics/graduate/flex-mba.
Philadelphia or Boston? Where’s the Best Place to Earn a Part-Time MBA
If you are interested in pursuing a degree in a diverse East Coast city, want to be surrounded by history and culture, and still immerse yourself in growing business community, two main cities come to mind: Philadelphia and Boston.
Both cities are at the center of U.S. history, and continue to be some of its largest centers of commerce and academia, with numerous opportunities to put its stellar education to work.
Surrounded by so many possibilities for professional development, an MBA student in a city like Philadelphia or Boston may not want to put their career and income on hold to pursue a full-time degree.
Thankfully, many of the business schools in Philadelphia and Boston offer part-time MBA programs, allowing students more flexibility as they kick off their careers in these exciting cities. But how to decide which one? We’ll take a look at some of the top part-time MBA programs in each metro to help you choose the right city for you.
Location
Once the capital of the United States, Philadelphia has never stopped being a center of both business and history since the time it played host to the country’s founding fathers. Home to some of the oldest and best universities in the country, Philadelphia has experienced a renaissance in recent years as young talent has become priced out of more expensive metros like New York City and Washington DC. The cost of living in Philadelphia remains fairly low, while the ever-growing business scene in the city offers the opportunity for high earning potential. This year, 14 Philadelphia-area companies made the Fortune 500 list.
Like Philadelphia, Boston has been a center of commerce and trade since the days of the Boston Tea Party. Today, the city is home to nine Fortune 500 companies, including major established firms like GE (13th on the Fortune 500 list) and newer but thriving businesses like Wayfair. However, Boston has a much higher cost of living than Philadelphia. The city currently ranks as the third most expensive city in the country.
Programs
Between the Wharton School of Business and the Harvard Business School, Philadelphia and Boston offer two of the most highly regarded MBA programs in the country. However, both of these schools only offer full-time MBA programs. Students looking for more flexibility in their schedules still have a number of stellar programs to choose from.
Most of the part-time MBA programs in the Philadelphia metro work on a hybrid structure, allowing students to take a combination of classes both online and in person. Many programs also offer students the chance to select majors or concentrations in which to specialize their business education. With a variety of possible concentrations at some of the most highly-ranked part-time programs in the country, students from these programs have gone on to find employment at major firms like DuPont, KPMG, and JPMorgan Chase.
Part-Time MBA Programs in Philadelphia Include
- Lehigh University College of Business and Economics
- Fox School of Business – Temple University
- La Salle University
- LeBow College of Business – Drexel University
- Lerner College – University of Delaware
- Rohrer College of Business – Rowan University
- Rutgers School of Business, Camden
- Villanova School of Business
- West Chester University
Like Philadelphia, Boston’s part-time MBA programs offer more flexibility for students to complete their degree on their own time. Most courses are offered in the evening or on weekends, and can be taken over the course of just two years or up to seven. Programs like the MBA at D’Amore-McKim also give students the opportunity to concentrate in fields such as Corporate Finance, Corporate Renewal, Entrepreneurship, and more.
Part-Time MBA Programs in Boston Include
- Carroll School of Management – Boston College
- D’Amore-McKim School of Business – Northeastern University
- F.W. Olin Graduate School of Business – Babson College
- Questrom School of Business – Boston University
- Sawyer Business School – Suffolk University
- Simmons School of Management
Cost
The tuition costs can vary from program to program, and can also be cheaper if the part-time program is competed online. On average, programs in the Philadelphia metro area can range from $45,000-$65,000 for the degree. The range of costs in Boston can be slightly higher, with some students spending up to $95,000 over the course of their degree.
Jobs
Although the cost of an MBA in Boston may be slightly higher than Philadelphia, the difference in average salary between the two cities may even out concerns of cost. In Boston, the average salary for someone with an MBA degree in a field like finance is $112,000, whereas in Philadelphia it is only around $90,000 per year.
