Wondering what it’s like to be a student enrolled in the MBA program at Rutgers University? Learn more about the student experience during this interview with 2015 Rutgers Business School graduates, Katrina Garrier, Marketing, and Paul Rosiak, Finance, and Poets & Quants’ editor-in-chief John A. Byrne.
For decades, Rutgers University-Newark has offered seed grants to artists whose creations highlight the essence of the city.
One of the best-kept secrets about Newark is how it nurtures the arts. From the Robeson and other galleries at Rutgers University-Newark (RU-N), to the Newark Museum, to the majestic New Jersey Performing Arts Center and WBGO jazz radio, downtown Newark is humming with arts and artists.
RU-N is now injecting even more energy into Newark’s rich arts environment.
Arts and humanities programs make up a major portion of more than $4 million in “seed grants” that the chancellor’s office awarded in fall 2015 – for academic and cultural programs devised by RU-N faculty that are intended both to strengthen Newark communities and make the life of the city more integral to the university’s own scholarship.
Through another of the seed grants – obtained by faculty members Ian Watson, chair of the Department of Arts, Culture and Media; and James Abruzzo of Rutgers Business School – Rutgers University-Newark has made plans to launch a two-track Master’s Program in Urban Arts and Cultural Leadership.
The team of Diana Harriman, Sonali Shah, and Marchela Stancheva, all seniors majoring in supply chain management competed against students from Michigan State, Arizona State, the University of San Diego and Western Michigan.
"They're three pretty sharp students. They worked well as a team, and they spent endless hours practicing," said Paul Goldsworthy, assistant professor of professional practice who selected the students to represent Rutgers. "I am thrilled and proud of them and Rutgers."
China's burgeoning class of financial elites has long been feted at home and abroad as an embodiment of the country's growing economic might. But they now face mounting scrutiny as part of President Xi Jinping's crackdown on corruption and as the Chinese economy cools.
A case in point was the recent disappearance and reappearance of Guo Guangchang, often described as China's Warren Buffet. The multi-billionaire was detained by Chinese police earlier this month, surfacing last week in New York, after trading in his Fosun International Trading conglomerate was suspended while he was out of circulation.
Guangchang is just one of several wealthy Chinese who have gone missing or been taken into custody in the last year as part of widening government probes into the securities industry and investment practices.
"This level of repression that's now becoming apparent is a tell-tale sign that there are deeper and systemic problems in China's economy and society," said Michael Santoro, author of the book "China 2020" and a professor of management and global business at Rutgers Business School. "When China was growing seemingly endlessly at 10 percent [annually], it covered a lot of problems. Now they are up against the limits of growth."
Rutgers Business School and the American Institute of CPAs (AICPA) today announced the formation of the Rutgers AICPA Data Analytics Research Initiative (“the Initiative”). The Initiative, cosponsored by the AICPA and CPA Canada, will facilitate the further integration of data analytics into the audit process, and demonstrate through research how this can lead to advancements in the public accounting profession.
“We are very pleased to be joining forces with the AICPA on this important research initiative,” said Miklos Vasarhelyi, KPMG Distinguished Professor of Accounting Information Systems and Director of Rutgers Accounting Research Center and Continuous Auditing & Reporting Lab. “We have two shared goals. The first is to examine how audit objectives might be achieved more effectively by further integrating data analytics and related technologies into everyday practice. The second is active engagement by firms and universities in fundamental applied research for continuous improvement of the auditing profession.”
Some companies defend their targeting of African-American shoppers by claiming that blacks shoplift more than other races. "They try to provide a justification, such as, 'Well, there are certain groups that tend to engage more in shoplifting,'" says Rutgers University-Newark provost Jerome Williams, who is co-author of the forthcoming book "Consumer Equality: Race and the American Marketplace." "I have not found any evidence of that."
Morris Davis is no stranger to New Jersey, having grown up in Philadelphia and spent summers at the Jersey Shore. But that couldn't have prepared him for what he learned about the state last year, once he showed up to help build a new real estate program at Rutgers University.
“I didn’t realize how fertile the ground was here,” said Davis, the academic director for the Center for Real Estate at Rutgers Business School. “I think it’s because Rutgers hasn’t done anything for decades (in the real estate sector). And it’s the flagship institution of the state of New Jersey, and people said, ‘You know what? It’s time for Rutgers to do something, and we’re going to help.’”
NJBIZ sat down with Davis recently to discuss those plans and the progress in building the Center for Real Estate, armed with a high-profile advisory committee.
The Rutgers MBA Pharmaceutical Management Program is ranked among the top in the world for students who are focused on careers in the biopharmaceutical and healthcare industries. The case competition has become another element of the program, highlighting its strong connections to New Jersey's biopharmaceutical industry and showcasing the talent and skills of Rutgers students.
Trump's statement on Monday was perhaps the last straw for many political observers and Trump foes, if not GOP primary voters. The billionaire businessman called for a complete "shutdown" of Muslims entering the United States "until our country's representatives can figure out what is going on" with terrorism.
Other commentary suggested Trump's unvarnished world view threatens harm beyond Trump. "Donald Trump Just Permanently Damaged the Republicans' Presidential Chances," blared a headline at Fortune.com. "Is Donald Trump destroying the Republican Party?" the BBC wondered.
Monga said those who disagree with Trump's philosophies will gradually stop supporting Trump brands.
"It's not going to be as attractive of a brand as it was before he made these comments," Monga said. “I think he is smart enough to understand that his clientele is broader than a Republican primary voter."
Fourteen small business owners and entrepreneurs from diverse industry sectors with various ranges of employment and revenue are being recognized at America's SBDC New Jersey's 13th Annual Small Business Growth Awards Luncheon on Friday, December 11, 2015. The national America's SBDC program is celebrating its 35th Anniversary. These award winners are clients of the New Jersey Small Business Development Centers network and are being recognized for their development and growth with the assistance provided by NJSBDC's business practitioners and experts.
"This event brings our partners, clients, and stakeholders and all of our statewide experts together for a special commemoration of our clients' success stories," said NJSBDC network Chief Executive Officer and State Director Brenda Hopper. "These success stories show our economic impact and contribution to the state economy." The network counsels up to 5,000 small business clients annually in addition to thousands of trainees that attend SBDC seminars.
So 2015 wasn’t exactly “your” year... Maybe you didn’t get that promotion or raise, you flunked the interview, or you didn’t meet company goals.
You want better. Instead of hoping your luck will change, take control of your career now so that 2016 becomes the year you got that well-deserved pay bump, the dream job or the job title you’ve been yearning for.
That first step to greener pastures starts here: make a catalog of your accomplishments.
The Best Bang for Your Buck: weighing tuition against ROI for EMBA Programs.
Ivy Exec has compiled the best program options based solely on tuition weighed against the average percent increase in salary after receiving a degree.
Rutgers Business School, about an hour from Manhattan, also provides commuter access to the Big Apple while offering a competitive tuition and return on investment. With a price tag of $92,043 and an average post-graduation salary boost of about 49-percent, Rutgers could offer EMBA program participants a much stronger value than the Stern School.
Almost six months to the day since Puerto Rico Governor Alejandro Garcia Padilla declared that the Commonwealth could no longer service its $72 billion dollars in debt, resolution to the crisis remains elusive even as economic conditions continue to deteriorate on the island.
Some hedge funds and bondholders are pushing back on the proposal to permit Puerto Rico to seek bankruptcy protection, arguing that it would cheat investors of the return on their investment the Commonwealth had represented they would receive.
"What Detroit showed is that investors who buy government bonds should not expect to be treated like bondholders in a private company," said Michael Santoro, professor of management and global business at Rutgers Business School. "Investing in government bonds is risky and only as good as the full faith and credit of the entity you are investing in. If Puerto Rico defaults on its bonds, they will get new investors to invest. So the hedge funds hold a very weak hand if they are trying to push Puerto Rico around."
Performance bonuses for individuals, particularly CEOs, has been the norm across all industries for decades. Yet, increasing evidence indicates this is not a smart practice, that may actually detract from individual and team productivity and motivation.
Notre Dame’s Matt Bloom has shown that companies with higher pay inequality suffer from greater manager and employee turnover. He found major league baseball teams with larger gaps between the highest-paid and lowest-paid players lose more games; they score fewer runs and let in more runs than teams with more compressed pay distributions. Similarly, Phyllis Siegel at Rutgers Business School and Donald Hambrick at Penn State have shown that high-technology firms with greater pay inequality in their top management teams have lower average market-to-book value and shareholder returns.
Some worry about the influx of Chinese money. "The Chinese savings glut has fully disrupted global financial markets," says Morris Davis, academic director of the Center for Real Estate at Rutgers Business School in Newark, New Jersey. "I have no idea how this ends, but these things typically don't end well." In 1989, Japan's Mitsubishi Estate Co. bought 80 percent of New York's Rockefeller Center, only to jettison its $2 billion stake in the mid-1990s when the landmark building filed for bankruptcy.
In an early-morning call with investors Monday, officers of the two drug-makers portrayed their deal as a boon for health care. Pfizer trumpeted Allergan's strength in drug classes Pfizer had "exited" due to weak returns. The new Pfizer inherits Allergan's pipeline of more than 70 experimental drugs, which includes a new line of biosimilars--essentially me-too versions of existing biotech drugs, says Mahmud Hassan, director of the pharmaceutical management program at Rutgers Business School.
The two companies say they are looking for $2 billion in savings from the merger. While merged companies tend to focus on cutting duplication, Pfizer and Allergan have distinct drug portfolios - Pfizer with drugs including Viagra and Lipitor and Allergan, which makes Botox - and so not much overlap, said Mahmud Hassan, a finance and economics professor at Rutgers Business School, who specializes in the pharmaceutical industry.
NEW JERSEY is heavily dependent on its huge transportation system. Whether moving goods or bringing people to work, the state's transportation system is vital for its economic survival. But this means substantial maintenance and key improvements. That costs money.
According to the American Association of State Highway and Transportation Officials, every dollar spent to keep a road functioning avoids $6 to $14 later needed to rebuild the same road once it has deteriorated. The state's transportation network is decaying and unless billions of dollars are spent immediately to make necessary repairs, New Jersey will suffer. The Federal Highway Administration stated that insufficient investment in roads and bridges has led to "poor" and "deficient" conditions where at least $118 million is required annually to rehabilitate the state's infrastructure over the next twenty years.
America’s SBDC New Jersey, also known as the New Jersey Small Business Development Centers (NJSBDC) network, is sponsoring its Second Annual 2015 Internet Marketing Week Pitch Competition during the week of November 9 – 12, 5 pm to 9 pm at the New Jersey Institute of Technology’s Enterprise Development Center (EDC) in Newark, NJ. The City of Newark is hosting dozens of small business advocates, digital marketing experts, and established businesses seeking to improve their digital marketing strategy during this special series.
The NJSBDC network, the premier provider of comprehensive services for small businesses statewide, is sponsoring this event to further bolster support for entrepreneurship and small business ownership.
“Internet presence is significant these days,” said Brenda Hopper, chief executive officer and state director of the NJSBDC network. “This special series will really provide business owners with the knowledge and wherewithal to succeed in elevating their businesses.”
“We’re very excited about this week’s activities,” added Deborah Smarth, NJSBDC network chief operating officer and associate state director. “Our E-Business program provides invaluable assistance to those who want to advance their digital media strategies and enhance their business growth potential.”
"The Internet of Things (IoT) is profoundly reshaping the supply chain and is reinventing the entire industry. Many companies have focused their IoT strategy on how the technology can cut costs and improve efficiency. However, IoT can also serve as a foundation for greater differentiation and innovation," said Jackie Scott, global program director of Rutgers Business School Executive Education.
"Companies that embrace new technology will be better positioned to unlock fresh revenue streams, provide better customer experiences and create modern operating models that will drive efficiency and create real value,” Scott said.
U.S. News and World Report ranks the Newark campus of Rutgers University as the #1 "most diverse national university in the United States." Rutgers Business School- Newark and New Brunswick is an integral part of this campus, which has received this distinction each year since 1997 when U.S. News began assessing diversity.