A New Year, A New Dean: NYU Stern Taps Insider to Fill Top Role
There will be a new dean at the helm when the NYU Stern School of Business rings in 2018, but he’s certainly not a newcomer to the school. NYU President Andrew Hamilton and Provost Katherine Fleming today announced that Rangarajan “Raghu” Sundaram, who joined Stern’s faculty more than two decades ago, has been appointed as dean, effective January 1, 2018.
Sundaram, a professor of credit and debt markets as well finance, was selected by Dean Peter Henry in 2016 to join Stern’s leadership team as vice dean for MBA programs. In that role, he has overseen the school’s full-time MBA program; the Langone part-time MBA program; multiple dual-degree programs; and the Executive MBA program, among others. He also helped establish the Creative Destruction Lab, launch the school’s new, specialized one-year MBA programs, and bring business leaders from companies including Amazon, Jigsaw, Microsoft, IBM, and PayPal to join Stern’s newly created Tech MBA Advisory Board.
Sundaram was among several strong candidates for the dean’s post, the school reports. “But in the end, the Search Committee found the best candidate here in our own midst,” President Hamilton said in a statement. “And rightly so. Raghu Sundaram has a strong, highly-regarded record of leadership and innovation, scholarship and teaching, and collegiality and service to both Stern and the university. In a field of distinguished candidates for Stern’s deanship, Raghu stood out.”
As vice dean, Sundaram is also credited with helping extend the school’s New York City–based EMBA program to downtown Washington DC, and shepherding Stern’s entry into online education through the launch of a series of online certificate programs.
As a researcher, Sundaram’s work has focused on agency problems, executive compensation, corporate finance, derivatives pricing, credit risk, and credit derivatives, areas in which he has published extensively. He also has won several awards, including the Jensen Prize and the Stern School’s inaugural Distinguished Teaching Award, and was a finalist for the Brattle Prize and a recipient of research grants from the National Science Foundation and other organizations.
Incoming NYU Stern Dean Rangarajan “Raghu” Sundaram.
The Indian-born Sundaram holds an MBA from Indian Institute of Management, Ahemedabad, as well as both an MA and PhD in economics from Cornell. He taught on the faculty of the University of Rochester for eight years before joining Stern’s faculty in 1996.
Sundaram will replace outgoing Dean Peter Henry, who announced in February of this year his plans to step down and return to full-time scholarship. “At a time when advanced-nation rhetoric and a seeming unwillingness to commit to the reforms needed for growth are at odds with global population trends and an increased need for investment in the developing world, I believe now is the time for me to make further contributions as an economist, advisor and Stern professor,” Henry stated at the time explaining his decision.
Learn more about newly appointed NYU Stern Dean Rangarajan Sundaram.
This article has been edited and republished with permissions from our sister site, Clear Admit.
The Secret To Finding An Affordable Washington DC MBA
Washington DC may be a top city for students pursuing their MBAs, but the city’s high cost of living could prove prohibitive for many young Mstudents. Growing rent prices over the past ten years have led DC to be one of the least affordable of the major U.S. metropolitan areas.
Of course, MBA students looking to apply their education to governmental agencies won’t find a better place to do so than in the nation’s capital. And though contending with high rent prices may be unavoidable, many business schools offer students a number of ways to keep the cost of their degree at a minimum.
From scholarships to grants and student work opportunities, business schools in Washington DC ensure that low-income applicants can have equal access to the high quality education their program’s provide. Below are just a few of the opportunities provided to assist low-income applicants at Washington DC MBA programs.
Finding An Affordable Washington DC MBA
McDonough School of Business – Georgetown University
Over $1.5 million in aid is available to MBA applicants through merit based scholarships at Georgetown University’s McDonough School of Business. All students are eligible for these grants, but it is advised to apply for the program early to best position yourself for consideration. International students in need of additional funding may also apply for external scholarships and private loans specifically for international students. The university has compiled a list of common lenders that students may want to consider here.
McDonough also provides scholarship opportunities through the Consortium, a group whose goal it is to reduce the under-representation of blacks, Native Americans, and Hispanic students in business education. As a member school, a number of scholarships are also available at McDonough for students admitted as part of the Consortium.
University of Maryland R.H. Smith School of Business
Roughly 85 percent of MBA students at UMD Smith receive merit based awards to help fund their education. Between scholarships, fellowships need-based awards and assistantship opportunities, students have a number of opportunities to reduce their tuition and keep their MBA affordable. Awards such as the Dean’s Award of Smith award provide two years and one-year of full scholarship and fees. Students may also find additional opportunities for scholarships through the university’s organizational partnerships, such as the Forté Foundation or management Leaders for Tomorrow.
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George Mason University School of Business
The George Mason University School of Business provides one of the best values in education, demonstrated through the high success rate of alumni and the fact that Mason alumni have the lowest student loan default rates in Virginia.
Mason offers a number of financial aid opportunities through grants, scholarships, work-study employment, and loans. Every year, the school offers millions of dollars to incoming students, including fellowships for graduate students. The Office of Student Financial Aid is dedicated to assisting each student in finding the financial assistance that is needed for their degree.
George Washington University School of Business
The George Washington University School of Business offers a number of different ways for students to reduce the cost of their MBA degree. Each year, graduate students may apply to a number of different fellowships, available through the university as well as private foundations and agencies. At the Office of Graduate Student Assistantships & Fellowships, students can search through these numerous opportunities and see which scholarships best fit their qualifications.
GWU also offers Financial Aid based on the need of each students. Eligible applicants can apply for need-based aid by filing the Free Application for Federal Student Aid (FAFSA).
Howard University School of Business
MBA students at the Howard University School of Business may be eligible both for federal student aid, based on need, and a variety of scholarships, which are given based on merit and other factors. Scholarships range, and may cover up to full-tuition, while others provide partial funding. Howard MBA students may also pursue loans for tuition through the ACCESS Loan Program, Alternative Education Loans, or other private loan services.
Kogod School of Business – American University
The Kogod School of Business at American University ensures that its high quality education can be affordable for all. Roughly 80 percent of all students receive financial aid of some kind, with almost $85 million awarded just to the undergraduate population. Kogod offers both need-based aid and merit scholarships. Students may contact the Graduate Admission Office at Kogod for more information on the scholarships available to them, but all applicants who demonstrate excellent academic credentials will be considered for these honors—a separate application process is not needed.
Georgetown Launching Leadership Fellows Program This Winter
Georgetown University has announced a Leadership Fellows program for students enrolled in the McDonough School of Business’ full-time MBA program. Open to second-year MBAs, the new program will launch in January 2018.
The fellowship’s first cohort is made up of 26 students and takes place over the course of two modules: a coursework module and then a leadership module. Each student must take the Coaching High Performance Teams and Advanced Coaching for Leadership Fellows classes before coaching teams of first-year MBA students through their required Leadership Communications course, and the Executive Challenge final exam.
While coaching their fellow business students, fellows will receive guidance from executive coaches to advance their skills and develop their own expertise. Among these educators and executives is Evelyn Williams, the McDonough Professor of Management and program leader.
“The program encapsulates the Jesuit principles of leadership and service to others. Fellows will be responsible for the development and maximizing the learning of their first-year student teams,” Williams said.
“Think of it as infusing the culture with 26 highly trained executive coaches, and they’re now going to be let loose,” she said. “The sky’s the limit in terms of the impact they’ll have.”
Erin McDowell Morton (MBA’18) is among the students accepted in the fellowship’s inaugural class. Morton is excited to work together with others who are also interested in giving back to the McDonough community.
“The structure allows us to practice the concepts we’re learning in class and build leadership skills that will make us better employees, managers, and members of the community,” Morton said.
McDonough’s full-time MBA is a 21-month, daytime program with one intake of students each year, and the fall semester begins in August. Along with fellowship opportunities like this, students are given the opportunity to participate in four residencies and study abroad opportunities.
Find out who the rest of the McDonough Leadership Fellows are here.
Georgetown McDonough MBAs Head to Mexico to Volunteer
While most MBA students enjoyed some rest and relaxation during their fall breaks, a group of six full-time and Evening MBAs from the Georgetown University McDonough School of Business traveled south of the border.
The students visited the historic city of San Miguel de Allende to volunteer at Centro Infantil de los Angeles, an organization that provides free daycare and preschool to the local community. Founded by Donna Quathamer in 2000 as a safe haven for the children of single mothers who sold their wares at outskirts of town, Casa de los Angeles has come from humble beginnings to serve over 170 children every day.
This marked the second year that McDonough students volunteered at Centro Infantil de los Angeles.
“This is a part of our sustainability efforts to form long-term, meaningful relationships with organizations, which we can pass along (to future MBA classes),” said James Chen, MBA ’18, Vice President of Community and Sustainability.
The MBAs worked alongside the full-time staff at the daycare, playing and coloring with the children, brushing their teeth, changing diapers, feeding them, and cleaning the area.
“I wanted the opportunity to volunteer for a great organization, where I knew I would make a difference. I also was very interested in the international aspect of the trip as I love to experience new countries and cultures,” Clark Britan, MBA ’18, said. “It was a great opportunity to meet other like-minded Georgetown McDonough students.”
The trip was organized through the MBA Student Government Association (SGA). The SGA acts as the primary interface between the student body and the faculty and administration and exists to make students’ time at the McDonough School of Business as enjoyable and rewarding as possible. The organization plans social events, boosts alumni relations, makes major student organization decisions, manages class finances, and implements new and existing policies or initiatives.
“[This trip] provides students an opportunity to dedicate time to volunteer efforts. The trek is more structured and allows for more in-depth and self-reflective volunteer opportunities for MBA students,” Chen said. “Additionally, it aligns with Georgetown’s Jesuit values and emphasis on improvement of the global community.”
Finding the Best Return on Investment for Your MBA in Washington DC (Part II)
Washington DC is littered with powerful people and exciting opportunities. You could find yourself sitting next to the Fed Chair at the symphony and then running into a Senator at the bar later that evening. So, what better place to start your business education and career than the true seat of power for the entire Western World?
Before investing in an MBA it’s essential to make sure that the school you choose will give you the tools you need to excel in your industry without breaking the bank.
In our first installment to the Washington DC ROI series, we talked about the metro’s schools that give you the greatest bang for your buck. In part two, we delve into even more schools that have topped our list of programs that offer the best return on investment (ROI) for your MBA in DC.
The Best Washington DC Return on Investment (Part II)
Kogod School of Business—American University
With alumni who’ve gone on to positions such as CEO of Goldman Sachs and Executive VP of Turner Classic Movies, it is no secret that Kogod School of Business prepares its students for a range of highly coveted leadership positions. The average starting salary for MBAs is $78,556, which exceeds the $75,166 cost of tuition. Moreover, an average 88 percent MBAs receive job offers within three months of graduation. The full-time MBA is a 49-credit program that lasts for 21 months. Most of the courses are completed during the first year. Kogod’s program includes weekly Business Leadership Luncheons, wherein students can engage in personal conversations with senior executives from companies like Marriott International, IBM, and PayPal.
George Mason University School of Business
At the George Mason University School of Business, students can hone their leadership and management skills while gaining perspective on the intricacies of the ever-changing world of international business. Business school students at Mason can choose to take their classes at either the Arlington or Fairfax campus, both of which are easily accessible from Washington DC. For aspiring MBAs based in Virginia, Maryland, or the capital, this school’s return on investment is undeniable. Residents of the aforementioned areas pay a full tuition of $45,600, and the average salary for graduates is $86,000. Though the tuition is significantly higher for students from outside of Virginia, Maryland, and DC, at $84,072, the significant average salary still makes stellar choice. The 48-credit program involves an optional week-long global residency, offered once students complete the core curriculum. In the past, global residency locations have included places like Singapore, Buenos Aires, and Prague.
Check Out Part 1: Return on Investment – Getting Your Money’s Worth in Washington DC
McDonough School of Business—Georgetown
There is no denying the prestigious reputation of Georgetown’s McDonough School of Business, which was recently named by Forbes as one of 35 best business schools in the U.S. Students in this program have the opportunity to experience real-world work problems through the Global Business Experience, during which they consult with an international company. At the Global Business Conference in DC, students then present their projects to an audience of their peers. A Georgetown degree carries enormous weight, and in recent years the average starting salary for MBA grads has leapt to a remarkable $108,000. The Georgetown name, combined with rigorous curriculum, a prime location in the nation’s capital, and the undeniable financial success of its alumni make McDonough’s overall return on investment undeniable.
Kogod MBAs Benefit from Educational Enhancement Fund
A group of MBA students from American University’s Kogod School of Business recently attended the National Black MBA Association’s (NBMBAA) conference and exposition in Philadelphia, according to a press release. The annual event featured top-executive speakers, educational sessions about leadership and financial prosperity, a career expo, and an opportunity to rub elbows and network. Continue reading…
