Lubin Dean Interviewed by eNewsLine
Neil Braun, Dean of the Lubin School of Business at Pace University was recently interviewed by eNewsLine, AACSB International’s news source.
Sarah Ham, Senior Manager of Marketing Communications at eNewsLine facilitated the interview. The following is an excerpt from the interview:
“How has your passion for education—and your career experiences—influenced your decision to be part of AACSB’s Business Practices Council?
Braun: It was precisely because of my career ranging from Fortune 50 senior executive to Internet entrepreneur that I sought to be Dean of the Lubin School of Business. When I asked myself in what context could my full range of experiences, temperament, passion for involvement with my own alma mater, and personal strengths be most valuable, I realized that being a dean of a business school was a strong possibility. Having just finished my fourth year as dean, I am more excited and challenged than ever to make sure that Lubin educates the whole person, all the dimensions that are necessary for success. The traditional academic learning goals are as necessary as they ever have been, but they are clearly not sufficient in this fast-changing global economy. We are, therefore, implementing curriculum and new programs to address the technical skills necessary for today’s work environment, to ensure that our students achieve a level of social intelligence that is necessary to be effective in the working world. The Business Practice Council provides a unique opportunity to discuss how to best address the changing needs and demands of a competitive marketplace that demands more than basic knowledge of a business discipline.
What do you hope or envision that the Business Practices Council can achieve that will support business school innovation and engagement?
Braun: The Business Practices Council already has affirmed what I hear anecdotally from alumni and employers, as well as what I know from my own personal experience. Having a highly placed group of hiring executives meeting regularly with business school deans provides the necessary formality to give credence to the gaps that exist and the needs to be addressed. It also is an ideal forum for learning how some of the most sophisticated businesses and progressive schools are addressing the changing needs of employers and the workforce.
Are there any challenges facing global business today that could be better approached through a partnership with academe?
Braun: With the growing availability of data and the accelerating rate of change, businesses can benefit from increased engagement with faculty by sponsoring more research relevant to their businesses. For example, credit ratings agencies have come under fire and no new model has proven itself to be a viable replacement; issuers might benefit from sponsoring research or competitions to develop alternative methods for establishing creditworthiness.”
For the complete interview, visit the eNewsLine’s webiste.
Lubin to Hold Open House For EMBA
Pace University’s Lubin School of Business will host an Executive MBA open house on August 23 and August 24, 2014.
Attendants will join current Executive MBA students during an actual residency, participate in classroom activities and team project meetings, and meet all of the EMBA faculty and staff. Participants will have ample opportunity during lunch and coffee breaks to talk to students about the EMBA application process, options on financing an EMBA degree program, how to balance the time demands of job, home and your studies.
The Pace University Executive MBA program provides experienced managers and professionals with the opportunity to pursue a first-rate MBA in 20 months of experiential, project-based work. The program is designed with maximum flexibility, combining online instruction with weekend residencies conveniently held in New York City every ten weeks.
Lubin Alumnus Elected to Pace Board of Trustees
Pace President Stephen J. Friedman announced that Lubin alumnus Joseph R. Ianniello has been elected to the Board of Trustees of Pace University.
Ianniello currently serves as Chief Operating Officer for CBS Corporation. In this role, he oversees all financial operations for CBS. Previously, he served as Chief Financial Officer where he was responsible for the company’s financial strategy across all of its operations including mergers and acquisitions and risk management.
Pace to Co-sponsor 5th Annual “Changing Landscape” Nonprofit Forum with Hitachi America, Ltd.
The Helene and Grant Wilson Center for Social Entrepreneurship at Pace University will co-sponsor its 5th Annual Nonprofit Forum with Hitachi America, Ltd., a subsidiary of Hitachi, Ltd.
With the theme “Sources of Funding: The Changing Landscape”, the goal of the forum is to offer content-rich sessions that provide actionable steps to help nonprofit leaders better manage the changing outlook for nonprofit organizations today.The program will identify and describe the current and emerging funding options for mission-driven, nonprofit organizations and impact-oriented investments and social enterprises. Conducted in a panel discussion format, the program will feature representatives from innovative nonprofits, socially responsible businesses and foundations. Continue reading…
Enstitute Co-Founder Kane Sarhan to Keynote Tenth Annual Pace Pitch Contest
Pace University’s Lubin School of Business will hold its tenth annual Pitch Contest on Thursday, April 17 at the University’s lower Manhattan campus. The event is presented by Lubin’s state-of-the-art Entrepreneurship Lab.
Kane Sarhan, co-founder of Enstitute, the first national apprenticeship program for 21st century careers in business, technology, design, and entrepreneurship, will be the keynote speaker. Before co-founding Enstitute, Sarhan launched and ran his own magazine, The College Gossip Chronicles, raised over $100k for hackNY, a nonprofit in New York City, and was the creative director at LocalResponse, a top New York City tech startup.
The Pace Pitch Contest is based on the “elevator pitch” concept popular in the venture capital community. Contestants prepare an extremely concise presentation of an entrepreneurial idea, business model, marketing strategy, competitive analysis, and financial plan, which is delivered to potential investors. The premise is that it could be made in a few minutes should the entrepreneur spot a potential investor on an elevator and have the opportunity to pitch his or her idea during the brief ride.
Learn More about Pace’s MBA Programs here.
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.
