Dean’s Professor of Business and Chair, Finance & Economics
Professor Ivan E. Brick joined Rutgers Business School at Newark and New Brunswick in 1978. He has been the Chair of the Finance and Economics department since 1996.
Professor Brick has published numerous papers in academic journals such as the Journal of Finance, Journal of Financial Quantitative Analysis, International Economic Review, Review of Economics and Statistics, Journal of Industrial Economics, Journal of Corporate Finance, and Financial Management. His research interests include corporate finance, optimal security design and corporate governance. Currently, he is an associate editor for the Review of Quantitative Finance and Accounting. Previously, he has served as an Associate Editor of Financial Managementand Multinational Finance Journal.
Professor Brick has received several teaching awards at the Rutgers Business School. He received the “Outstanding Educator Award” by the 1995 Executive MBA Class. Professor Brick was awarded the “Farrokh Langdana Excellence in Teaching Award” by the 2011 MBA Class. In 2012, the Newark Undergraduate Program awarded him the Dean’s Advisory Council Award for the “Most Knowledgeable Finance Professor,” “The Most Caring Finance Professor,” as well as “The Most Motivational Finance Professor.” For his outstanding service, Professor Brick was awarded the RBS Dean’s Service Award in 2013 and 2016.
Some of his publications can be found at the Social Science Electronic Publishing website.
Professor Ivan Brick recently met a former student who said, "I just closed a multi-million dollar deal, and I used your tools to evaluate the company."
Understanding cash flow and the relationship between risk and value are key concepts, but so are the more qualitative aspects of financial decision-making. "Anyone with a computer can do analysis; the question is whether a manager grasps what's behind the numbers."
Prof. Brick was largely instrumental in creating the Masters Program in Quantitative Finance. Through his efforts, RBS has a new state-of-the-art real-time trading room to analyze financial markets. Only a handful of universities in the US possess a similar facility.
His first love is still research, but he hasn't forgotten the importance of translating academic theory into real-world practice. In the EMBA program, Prof. Brick teaches a very highly regarded elective on Advanced Financial Management.
His case-based approach incorporates a case on the biotech sector in which the company is thinking about selling its consumer products division. How should it determine the offer price? And what would be the optimal method of financing this investment from the buyer's perspective?
In addition to the pure technical valuation, his course differs from most advanced finance courses in that Prof. Brick also introduces strategic factors that influence the final decision. Factors such as the diversification of the firm's own portfolio, the agenda of the Board of Directors, cash flows, dividend polices and liquidity ratios are introduced in the analysis. He also explores if the company should divest a division to allow a greater focus on its primary comparative advantage.
Prof. Brick has also authored a case that focuses on business mergers. How does one analyze merger offers? He interfaces finance with financial accounting to discuss how accounting statements and different components of accounting entries can indeed be analyzed to forecast future cash flows.