UC Irvine Jumps in FT Ranking, USC Alum Takes on MetroLink, and More – Los Angeles News
Let’s dig into some of the biggest business school news emerging out of Los Angeles this weekend.
Merage Climbs in Financial Times Rankings – Newswise
UC Irvine’s Merage School of Business has climbed in the Financial Times rankings, to 24th among nationwide schools and to 8th among public school of business in the U.S.
Dean Eric Spangenberg says of the rise, “We have always been committed to serving our students, and that effort is being recognized… Students know that when they choose the Merage School they’re changing their trajectory, gaining the skills and experience they need, whether they’re competing for influential, high-paying leadership jobs or launching their own businesses.”
Merage’s faculty diversity is also helping the school earn some well-deserved praise. More than half of the business school’s faculty are women, making it the first in the world for this distinction. Additionally, the school has the 7th highest salary increase for alumni compared to pre-MBA earnings.
As for research capabilities, Merage placed 37th in the world and 29th in the United States.
See the Newswire press release for more on the UC Irvine ranking. You can also read more about the recently released ranking FT here.
USC Marshall Alum to Revolutionize Metrolink – USC Marshall News
A USC Marshall School of Business alum is tackling an enormous task—shifting car-centric Los Angelenos to using public transportation.
Stephanie Wiggins, (EMBA ’07) has been named CEO of Metrolink, LA’s commuter rail system. She recently says of her appointment, “I’ve been in transportation for 24 years, and I’ve always been engaged on some level with Metrolink issues. But to now be in the C-suite … it’s a humbling experience [and] an incredible privilege.”
Metrolink may be an integral part of the 2028 Olympic Games in Los Angeles.
Wiggins is not only the first African American to be named to this position in the agency, but also the first woman. She will be facing with the additional challenge of revamping an outdated and underutilized system, which will be more important than ever during the 2028 Olympic Games.
Having held high level positions at several of the agencies that comprise Metrolink, Wiggins is perfectly suited to lead the way as the system evolves. Born in Oakland, CA, Wiggins attended Whittier College for business administration. After taking a temp job with the transportation commission in Inland Empire, CA, her career began to flourish during the pursuit of her MBA.
One of Wiggins’ primary projects has been implementing the FasTrak program on two of the major freeways in LA – the 10 and the 110. She noted, “I had to leverage everything I learned at USC … Not only to turn that project around but to get it deployed and operational and marketed. Everything I learned at USC Marshall helped me in getting the FasTrak™ lanes up and running.”
For more on Stephanie Wiggins and her role with Metrolink, read here.
California Economy Finishes 2018 on a Strong Note – Graziadio News
David M. Smith, Ph.D., a leading economist at Pepperdine Graziadio, was quoted recently in the LA Times on the recently released employment statistics for California.
While the rate of unemployment is declining, it does not necessarily mean the job market is truly stable. While “jobs are available for those who are in need of employment … Increasingly employers, especially small and medium-sized businesses, are struggling to find workers. Employers are grumbling about not having enough help and new hires simply not showing up,” Smith says.
He was, however, generally optimistic about the future of the California market. With a 3.2 percent rise countrywide in wages, the landscape for the state of California looks a bit brighter as well. Though the data is not yet available, Smith says, “we can say confidently it will closely mirror the national numbers.”
Click here to read more from the LA Times article.
Atlanta’s Economy Shows Signs of Good Health in 2015
There are few things that can help an MBA program thrive more than a bustling, healthy economy in the surrounding city. In that regard, things are looking good for MBAs in the Atlanta metro area. With a low unemployment rate and predictions of huge job growth, Atlanta is poised to be strong for the coming year.
According to the Atlanta Business Chronicle, job growth in the area may have its strongest year since 1996 when Atlanta hosted the Olympics. The Atlanta metro area has been steadily increasing job growth in recent years. In 2013 Atlanta added 60,000 jobs. Then they added 100,000 jobs in 2014 through November. Maci Rossel, former chief economist with CNBC, put forth a strong prediction for the coming year. Speaking to the real estate organizations CREW Atlanta and CoreNet Global’s Atlanta chapter Rossell estimated an additional 140,000 jobs in 2015. Continue reading…
MIT Sloan School of Management to Hold Conference on Long-Term Unemployment
Although the short-term unemployment rate in the U.S. is receding to pre-recession levels, long-term unemployment remains at levels unseen since the Great Depression. Nearly 4 million people have now been out of a job for more than six months. To address this crisis, its underlying causes and potential solutions, MIT Sloan School of Management’s Institute for Work and Employment Research is holding a conference on May 6 for scholars, policymakers, and practitioners.
“This will be the first national gathering of its kind to bring together these groups of experts to discuss long-term unemployment,” says MIT Sloan School of Management Prof. Ofer Sharone. “There are millions of people left out of the workforce who want to contribute. This is devastating families because of the loss of income, it’s emotionally devastating individuals, and it’s hurting our economy. We need to find solutions that work and solve this problem.”
The conference stems from a project by Sharone at the Institute for Career Transitions in which he is connecting long-term unemployed individuals with volunteer career coaches. Tracking their outcomes, he’s hoping to determine which strategies work. In addition to discussing early results from this project, the conference will bring together representatives from the most promising programs across the U.S. that support the long-term unemployed, along with policymakers and thought leaders on this issue.
The conference will be held from 9:00am – 3:30pm at MIT’s Morss Hall in the Walker Memorial Building. Members of the media are invited to attend, but pre-registration is requested. To register, please contact Michelle Rosin at mrosin03@gmail.com.
