Sellinger Associate Professor Appointed to Maryland Governor’s Commission
Hung-bin Ding, an Associate Professor at the Sellinger School of Business, was appointed to the Maryland Governor’s Commission on Asian Pacific American Affairs, which assists the governor and state agencies in responding to the needs and concerns of Maryland citizens with ancestral heritage in Asian and Pacific Rim countries. Continue reading…
Binghamton Expands Faculty Engagement
Binghamton University is launching a new Faculty-in-Residence program. The program was created to expand faculty engagement with students outside of the classroom. The program will begin in spring 2015.
The program will give full-time faculty members the opportunity to take part in the academic and intellectual life of one of the University’s residential colleges.
Carey Concludes Its First Entrepreneurship Boot Camp
Johns Hopkins Carey School of Business had it first Entrepreneurship Boot Camp for biomedical entrepreneurs conclude on August 29 with a poster session and a Shark Tank-style pitch event. Nearly two dozen research teams presented their work during the poster session after hearing from experts in team building, founders’ equity, intellectual property, venture management, and other key topics of interest for biomedical start-up enterprises. Continue reading…
Columbia Business School Announces Exclusive Partnership with NY 2014
Columbia Business School announced that its entrepreneurship experts will be available at NY TechDay 2014 to consult with entrepreneurs who visit the Columbia Business School booth. Using a model based on speed dating events, CBS startup gurus will offer ‘Speed Mentoring’ to budding entrepreneurs. Visitors will have the opportunity to deliver their best one-minute pitch to the CBS gurus and receive 2-3 minutes of expert feedback. The School, which has signed on as NY TechDay’s exclusive higher education partner, has also chosen nine successful young alumni startup ventures to showcase at the event, including Betterment, Hopscotch, Kookopa, MphRX, Necklish, PERK.LA, Shake, Compass, and Yarly.
“There are so many undiscovered entrepreneurs who have brilliant ideas but who feel stuck because they’re unsure how to go from idea to execution,” said Vince Ponzo, director of the Eugene Lang Entrepreneurship Center at Columbia Business School and one of the experts who will be providing on–site advice during the event. “Columbia Business School is rapidly becoming a preeminent force in the NYC startup scene, and our goal is to be a resource for all of these potential startups and help them identify the right next step. I’m very much looking forward to speed–mentoring anyone looking for help at TechDay.” Taking place on April 24th at Pier 92 in New York City, NY TechDay will bring together an estimated 10,000 attendees comprised of entrepreneurs, angel investors, venture capitalists, and members of the media.
Wall Street’s Allure Dims for New York MBA Grads
Traditionally, MBA programs have been known for sending many graduates into the world of finance, and in New York City this means Wall Street; however, recent trends indicate that New York MBA graduates are opting out of the Wall Street track for other industries.
The luxury goods industry is one example. Known as an industry where newcomers typically have to “work their way up,” luxury goods hasn’t historically been a magnet for recent MBA graduates. Yet in recent years, the student interest in this industry has risen, whereas interest in the financial sector has fallen. In 2012, according to Crain’s New York, only 22% of NYU Stern’s MBA graduates went into investment banking, as opposed to 28% the year before. At Columbia Business School, well known for a finance program that has been home to investing legends like Benjamin Graham and Warren Buffett, the number of graduates entering the finance industry dropped from 50% to 42% between 2011 and 2012.
Meanwhile, the number of CBS students getting jobs in luxury retail upon graduation has doubled between 2011 and 2012, and the retail and luxury goods student club now has 200 members and counting. In addition to gaining recognition as a “hot new industry,” luxury retail offers stability that a career in finance may not.
Not only is interest in luxury retail growing on the East Coast, but also interest in the arts and entertainment business; Pace University’s new major in this area drew applicants in record numbers this past year, resulting in an increase in enrollment of 180%.
While finance remains one of the most popular industries for MBAs, these trends may augur a move towards a more even industry distribution of MBA graduates.
