Simon-Master-of-Science-Brochure-Jan-2010

S i m o n G r a d u a t e S c h o o l o f B u S i n e S S | u n i v e r S i t y o f r o c h e S t e r Simon M.S. Programs Fast Forward S i m o n G r a d u a t e S c h o o l o f B u S i n e S S | u n i v e r S i t y o f r o c h e S t e r As you prepare for graduate study in management, we urge you to consider investing in a rigorous master of science degree from the Simon School. Our specialized master’s programs are designed to be completed in one academic year and are perfect for early-career candidates who are seeking to leverage additional schooling toward a full-time job search. We have a tradition of helping students transform their career potential into reality and look forward to helping you learn more about our program offerings. “ ” —Mark Zupan, Dean and Professor of Economics and Public Policy Built for Speed Simon M.S. programs generally only require between nine and 17 months of study, which means you’ll be able to finish faster and move on with your career quickly. You’ll also have the opportunity to take classes with M.B.A. candidates, work on multicultural teams and participate in a variety of extracurricular activities. In addition, you’ll receive personal guidance and assistance from our Career Management Center to help you create and capitalize on full-time job opportunities. Learn the Best From the Best • World-Class Faculty. We have a renowned faculty widely considered to be among the finest in the world. They have founded and continue to edit over eight academic journals, including the highly regarded Journal of Financial Economics, the Journal of Monetary Economics and the Journal of Accounting and Economics. • F.A.Ct.—A Unique Curriculum. Simon has launched a curriculum—Frame, Analyze and Communicate (F.A.Ct.)—which focuses on analyzing complex business problems, developing innovative solutions to those challenges and effectively communicating those solutions to senior management. • Student Selectivity/Right Size. We attract the best and brightest students from around the world and engage and educate them in an intimate, personalized environment. • Teamwork. We emphasize group work, allowing each student to benefit from the quality and diverse cultural and business backgrounds of their classmates. • Lifetime Preparation. We offer a cross-functional curriculum grounded in economics. This provides an integrated approach to thinking about management problems and a better understanding of the interactive nature of business decisions. 2 —Mark Zupan, Dean and Professor of Economics and Public Policy Male: 36% Female: 64% Full-Time M.S. Class of 2010 Profile Class size: 78 Average Age: 24 Countries of Origin (non-U.S. citizens): 12 Undergraduate G.P.A. Average: 3.42 Middle 80% Range: 2.9–3.8 Graduate Management Admissions Test Average Score: 668 Middle 80% Range: 590–730 Graduate Record Examination Average: 1225 Middle 80% Range: 1110–1510 Test of English as a Foreign Language Average: 104 Work Experience (Years) Average: 1.5 Middle 80% Range: 0–4.8 Financial Aid Enrolled Students Awarded Merit Scholarships: 85% Engineering 5% Math and Science 6% Humanities and Social Sciences 12% Economics 18% Business and Commerce 59% Undergraduate Majors BusinessWeek ranked Simon #4for return on investment among U.S. Business Schools October 2008 3 Full-Time M.S. Class of 2009 Placement of those seeking employment were placed within 6 months after graduation Of those placed 6 months after graduation, 3 graduates are on an internship 74% Getting That Job The Career Management Center works with Simon School students from pre- admission through graduation. Because of our philosophy and size, we are able to get to know each student personally, resulting in the best possible career outcome. We help bring jobs to you with corporate on-campus visits and postings for jobs and internships. We can also take you to the employer with trips and events in all major cities, including New York City. From the Career Management Orientation Program through offer evaluation and salary negotiations, students and their consultants work together as a team. Both in group presentations and individual consultation, the student and consultant will spend many productive hours together. We Work With These Companies The ability of Simon graduates to properly identify and distill business issues to the root problems and then logically size and order the potential resolution paths is critical to our business. This approach philosophy, coupled with a remarkable financial/quantitative education, provides a foundation from which to build future leaders. —Robert Genter, Vice President, CGI Group Inc., Fairfax, Va. ” “ What Corporate Recruiters Are Saying: 4 M.S. Accountancy Master of Science in Accountancy The Master of Science in Accountancy is tailored to qualify you to take the New York State C.P.A. examination and become a licensed accountant. Simon has the second-highest passing percentage for the C.P.A. exam of New York-based schools that offer an advanced degree program. Accounting Research and Scholarship The Accounting faculty publishes the Journal of Accounting and Economics, a leading academic journal in the field. Simon faculty members serve on boards of major corporations, financial institutions, law firms and government agencies, such as the Securities and Exchange Commission. They are also involved in advising and interacting with both the international business community and government and regulatory bodies in areas such as appropriate accounting practices. Accounting Rankings: • Ranked No. 10 by corporate recruiters in BusinessWeek, December 2008 • Ranked No. 29 by U.S. News & World Report, April 2009 • Simon is first in the world in highest certified management accountant exam pass rate* *Data compiled by The Institute of Certified Management Accountants 5 In accounting, it’s often easy to become lost in the numbers and to lose sight of the larger picture, but Simon has taught me numerous tools that have helped me to always keep the larger goals in mind and systematically and rationally attack them. —Lee Plummer, ’09, M.S. in Accountancy, Staff Accountant, Mengel, Metzger, Barr and Co. ” “ The Journal of Accounting and Economics The Journal of Accounting and Economics was founded by Simon School faculty and provides a forum for the publication of research that uses economic analysis in the following areas: • The role of accounting within the firm • The information content and role of accounting numbers in capital markets • The determination of accounting standards • Government regulation of corporate disclosure and/or the accounting profession • The theory of the accounting firm Full-Time Accounting Faculty Shane Heitzman, Assistant Professor of Accounting Edward X. Li, Assistant Professor of Accounting Heidi Tribunella, Clinical Associate Professor of Accounting Charles E. Wasley, Joseph and Janice Willett Distinguished Scholar, Area Coordinator Kurt Wojdat, Clinical Assistant Professor of Accounting Joanna Shuang Wu, Associate Professor of Accounting Jerold L. Zimmerman, Ronald L. Bittner Professor of Business Administration and Professor of Accounting Guest Speakers to Simon Classes and Lectures Steve Brigham ’99, C.I.O. and Vice President, Brookstone Inc. Thomas Ealy, C.O.O., Willis Group Kevin Glazer, Owner, Tampa Bay Buccaneers and Manchester United Patrick Howard, Partner and Vice President, I.B.M. Global Business Services David Koretz, President and C.E.O., BlueTie Inc. Gerald Ostrov, President and C.E.O., Bausch & Lomb Rattan Singh, Deloitte Consulting Dick VanBeltzen, Managing Director, North Point Consulting6 Guest Speakers to Simon Classes and Lectures Steve Brigham ’99, C.I.O. and Vice President, Brookstone Inc. Thomas Ealy, C.O.O., Willis Group Kevin Glazer, Owner, Tampa Bay Buccaneers and Manchester United Patrick Howard, Partner and Vice President, I.B.M. Global Business Services David Koretz, President and C.E.O., BlueTie Inc. Gerald Ostrov, President and C.E.O., Bausch & Lomb Rattan Singh, Deloitte Consulting Dick VanBeltzen, Managing Director, North Point Consulting I was blown away by the quality of the faculty’s teaching and insight. I also think the diverse student body helps prepare you to work in a highly merged marketplace. And, by earning my M.S. in accounting at Simon, I was ready to sit for the C.P.A. exam. —Amanda Luo ’09, M.S. in Accountancy, Corporate Accountant, BM Group Careers in Accounting M.S. Accountancy students are generally interested in working in public accounting to qualify for C.P.A. licensure in New York State. Some candidates may also pursue employment within a corporate accounting role. Recent employers of M.S. Account- ancy candidates include: • Credit Suisse First Boston • DeJoy, Knauf & Blood L.L.P. • Ernst & Young • Goldman Sachs • KPMG International • PricewaterhouseCoopers L.L.P. • Procter & Gamble Internships Full-time M.S. Accountancy students have two available tracks for the completion of their studies: • 11-month program of study starting in the summer (non-internship track) • 17-month program of study starting in the summer (internship track) A student is eligible to seek an internship by selecting the longer track to complete the degree, but this does not guarantee placement in an internship. International students must maintain their F-1 or J-1 student visa status and should consult with the University of Rochester’s International Services Office on questions of the impact of an internship search, especially related to the timing of when he or she may be eligible for paid, off-campus employment and whether or not he or she is eligible to use Curricular Practical Training. Simon graduates have proven to be excellent team members and coordinators, effective communicators and networkers. They are great learners, analyzers, creative thinkers and problem solvers and ultimately leaders. —Jeff Eliot Margolis, President, Aurora Capital L.L.C., New York City ” “ ” “ What Corporate Recruiters Are Saying: 7 M.S. Finance Finance Rankings: • Ranked No. 20 by corporate recruiters in BusinessWeek, December 2008 • Ranked No. 13 in Finance by U.S. News & World Report, April 2009 • Ranked No. 2 in Finance in the world by Financial Times of London, January 2009 Master of Science in Business Administration With a Concentration in Finance The Simon School is well known for an approach emphasizing the development of problem solving skills, which are of practical use to managers. Simon faculty members serve on boards of major corporations, financial institutions, law firms and government agencies, such as the United States Securities and Exchange Commission. They are also involved in advising and interacting with both the business community and government and regulatory bodies. Simon is the Source Journal of Financial Economics The Journal of Financial Economics provides a forum for the publication of research in the area of financial economics and the theory of the firm, placing primary emphasis on the highest quality analytical, empirical, and clinical contributions in the following major areas: capital markets, financial institutions, corporate finance, corporate governance, and the economics of organizations. Journal of Monetary Economics The Journal of Monetary Economics provides a specialized forum for the publication of research in the working and structure of financial institutions, the operation of credit markets and the various aspects in the behavior of rates of return on assets. These two prominent academic journals are considered to be the top in their respective fields publishing the latest in research and innovative practices in the Finance industry. Both journals were founded at The Simon School with a list of editors that include Simon professors and other professors who currently teach at top tier business schools across the country. This means that Simon students are taught by professors who are creating what is considered to be the source of academic development in the area of Finance. Finance Clubs The Financial Management Association: Introduces students to different careers in Finance, broadens their knowledge of Finance, maintains connections with alumni in the financial business community, offers preparation for the C.F.A. exam and assists in career and job searches. The Simon Meliora Fund: A portfolio that was created in the mid-1980’s by donations from a group of students and others, to provide hands-on learning environment in the areas of security analysis and portfolio management for current students who actively manage the fund. 8 At Simon, I was able to foster my soft skills in extracurricular activities, while cultivating my hard skills in the classroom. Today’s skills might eventually become outdated, but the wisdom to solve problems that I developed at Simon will never go away. —Shangye Yang ’09, M.S. in Business Administration with a concentration in Finance, Summer M&A Intern, China International Capital Corp. Full-Time Finance Faculty James A. Brickley, Gleason Professor of Business Administration; Professor of Economics and Management and of Finance Gregg A. Jarrell, Professor of Finance and Economics Anzhela Knyazeva, Assistant Professor of Finance Diana Knyazeva, Assistant Professor of Finance Leonard Kostovetsky, Assistant Professor of Finance John B. Long Jr., Frontier Communications/Rochester Telephone Professor of Business Administration; Professor of Finance and Economics Boris Nikolov, Assistant Professor of Finance Irfan Safdar, Lecturer in Finance G. William Schwert, Distinguished University Professor and Professor of Finance and Statistics Clifford W. Smith Jr., Louise and Henry Epstein Professor of Business Administration and Professor of Finance and Economics Jerold B. Warner, Fred H. Gowen Professor of Business Administration and Professor of Finance; Area Coordinator, Finance Toni Whited, Michael and Diane Jones Professor of Business Administration and Professor of Finance Wei Yang, Assistant Professor of Finance ” “Guest Speakers to Simon Classes and Lectures Digby Clements ’92, Senior Vice President, Product Management, OppenheimerFunds Daniel Forrester ’99, Director, Sapient Government Services Larry Halpern, Senior Vice President, Morgan Stanley Jonathan Hill, Senior Management Consultant, I.B.M. Business Consulting Services Bobby Uy ’03, Vice President Global Trade and Payment Services, Key Bank #2 in the world in finance Financial Times of London January 2009 9 By focusing on how to use theories effectively, the Simon education allows me to approach every business problem with confidence. Careers in Finance With an M.S. in Finance, graduates could work in: Corporate/Industry Finance: • Financial analyst within a company division, the United States Department of the Treasury or a cash management group Investment Management: • Financial analyst • Investment research • Sales and trading • Merchant banking Recent Employers of M.S. Students Concentrating in Finance Have Included: Risk Management: • Derivatives risk analyst • Market risk analyst • Portfolio risk analyst American International Group Aurora Capital L.L.C. Beiersdorf Deloitte The Goodyear Tire & Rubber Company J. P. Morgan Chase & Co. KPMG International Medco Health Solutions Inc. Mitsubishi UFJ Securities Moody’s Investor Service Scotia Capital Stern Stewart —Elorm Addae-Nuku ’09, M.S. in Business Administration with a concentration Finance, M.B.A. Candidate ’10 11 Internships Full-time M.S. Finance students have four available tracks for the completion of their studies, depending on their eligibility: Students entering without a prior M.B.A.: • 11-month program of study starting in the summer (non-internship track) • 17-month program of study starting in the summer (internship track) Students entering with a prior M.B.A.: • 9-month program of study starting in the fall (non-internship track) • 15-month program of study starting in the fall (internship track) A student is eligible to seek an internship by selecting the longer track to complete the degree, but this does not guarantee placement in an internship. International students must maintain their F-1 or J-1 student visa status and should consult with the University of Rochester’s International Services Office on questions of the impact of an internship search, especially related to the timing of when he or she may be eligible for paid, off- campus employment and whether or not he or she is eligible to use Curricular Practical Training. ” “ 10 M.S. Marketing M.S. in Business Administration With a Concentration in Marketing Simon’s one-year Master of Science in Business Administration with a concentration in Marketing offers students a compact, highly focused program to give them skills and experience necessary to stand out in a variety of marketing positions. Graduates are likely to assume a position related to one of three key areas: marketing research, sales management or advertising. Marketing Research and Academic Scholarship: The Center for Pricing The Center for Pricing serves as a center of excellence for research and education in pricing and encourages meaningful interaction between business executives, educators and researchers in this high-demand field. Pricing is one of the most important, least understood and most controversial decisions firms have to make. Doing it poorly is easy; doing it well is a challenge. Not surprisingly, there is a growing, and a largely unmet demand, for talented graduates who have the know-how and training in pricing techniques and strategies to improve bottom-line profits. Marketing Clubs The Simon Marketing Association: Along with numerous networking events, the club sponsors an annual Marketing Case Competition. Recent corporate sponsors have included Fisher-Price Inc. and Heineken. Each year, the club hosts a marketing case competition. The Simon Pricing Club: Pricing expertise is fast becoming a key demand from corporate recruiters. The club is an arena to develop practical pricing skills beyond the classroom and develop solid foundations for careers in the field. The club connects members with the Professional Pricing Society. 11 —Diana Olar’09, M.S. in Business Administration with a concentration in Marketing, Project Manager, POiU Ltd., Orlando, Fla. Full-Time Marketing Faculty Simon’s Marketing faculty is actively involved in leading-edge research and advances in the field, which means students learn from the best. Paulo Albuquerque, Assistant Professor of Marketing George R. Cook, Executive Professor of Business Administration Dan Horsky, Benjamin L. Forman Professor of Marketing; Area Coordinator, Marketing Mitchell J. Lovett, Assistant Professor of Marketing Lawrence J. Matteson, Executive Professor of Business Administration Sanjog Misra, Associate Professor of Marketing and Applied Statistics Paul Nelson, Clinical Professor of Marketing Greg Shaffer, Wesray Professor of Business Administration, Professor of Economics and Management and of Marketing Minjae Song, Assistant Professor of Marketing and Economics Guest Speakers to Simon Classes and Lectures Kevin Clark, I.B.M. Corp. Eduardo Crespo, Hispanic Market Solutions and Diverse Multi Marketing Communications Robert Eckert, Mattel Corp. Janice Gaub, Shutterfly Jeffrey Hayzlett, Eastman Kodak Company Daniel Hecht ’92, Procter & Gamble David Nientimp, Centerra Wine Company Sarah Plasky ’99,