VILLANOVA SCHOOL OF BUSINESS
DEAN’S REPORT 2012-2013
CONTENTS 04
INTRODUCTION
12
06
CURRICULAR INNOVATIONS
13
08
HIGH-ACHIEVING STUDENTS
14
10
15
WORLD-CLASS FACULTY
VILLANOVA SCHOOL OF BUSINESS
NATIONAL RANKINGS
EXCEPTIONAL CAREER RESULTS
VSB OUTREACH AND ENGAGEMENT
STAYING IN TOUCH
DEAN’S REPORT
3
IN THE
5,000+
YEAR
46
PAST
the Villanova School of Business (VSB) was rife with good news and success stories. I am continually proud of and impressed by the high caliber of students, faculty, staff, alumni and friends that comprise this thriving
MEMBERS OF THE CLASS OF 2012 CHOSE TO PURSUE SERVICE AFTER GRADUATION
38 STATES &
31 COUNTRIES ATTRACT INCOMING VSB STUDENTS
community. From achievements in rankings and career placement to programmatic enhancements and the addition of top scholars, VSB continues to flourish as a highly
JOB OPPORTUNITIES WERE POSTED FOR VILLANOVA STUDENTS IN 2012
NEARLY
95%
VSB APPEARED IN THE MEDIA NEARLY
200 TIMES,
RESULTING IN 500 MILLION MEDIA IMPRESSIONS
OF THE CLASS OF 2012 PARTICIPATED IN AT LEAST ONE INTERNSHIP OR CoOp
competitive and premier institution. In this Report I share with you some highlights of our recent accomplishments, helping to keep you apprised of the triumphs happening every day at VSB. With best regards,
PART-TIME MBA
EXECUTIVE MBA
BY BLOOMBERG BUSINESSWEEK
BY FINANCIAL TIMES IN “THREE-YEAR AVERAGE” OF US-BASED PROGRAMS
RANKED #12 RANKED #17 BLOOMBERG BUSINESSWEEK RANKED VILLANOVA’S
Patrick G. Maggitti, PhD VILLANOVA SCHOOL OF BUSINESS
The Helen and William O’Toole Dean Villanova School of Business
UNDERGRADUATE BUSINESS PROGRAM AT
#15 IN THE NATION DEAN’S REPORT
5
CURRICULAR INNOVATIONS
These webinars are vital for people who are responsible
management and billing that doesn’t currently exist in the
for overseeing the financial operations of churches and
region. Students spent their spring break in Panama to
dioceses.
collect field data and gain a better understanding of local
• The Center for Church Management and Business Ethics In a world marked by fast-paced change, VSB has engaged in curricular innovations designed to meet the needs of our students and the business community. We continue to build on our distinctive programs and Centers of Excellence to strengthen our programs, making enhancements that led to our #2 ranking in academic quality among undergraduate programs by Bloomberg Businessweek.
THIS YEAR’S INNOVATIONS INCLUDE: • Business Analytics — An undergraduate required course designed to make certain our students understand the increased importance businesses place on gathering and interpreting data in decision-making. • New undergraduate and graduate courses sponsored by the Center for Marketing and Public Policy Research, including: Managing Disruptive Change (MBA); Consumer Psychology for Optimal Business Solutions (MBA); Public Policy Formulation (MBA); and Understanding the Government Ecosystem (Undergraduate).
stakeholders within the project area.
began to offer church management courses on-site at the
• New international study and internship opportunities are
seminaries of St. Charles in Philadelphia and St. Mary’s
now available in Urbino, Italy and Singapore. Over 50%
in Baltimore.
of the class of 2013 studied abroad at some point during
• New undergraduate classes that integrate learning across disciplines. This is reflected in team-taught courses by
their time at Villanova. • MBA students were given the choice of travelling to the
faculty from different colleges, such as the International
Czech Republic, South Africa, Turkey, Chile or Argentina
Technology and Sustainability course. Students from VSB,
to meet with business leaders in those countries.
Engineering and Liberal Arts and Sciences collaborated
• Revamped EMBA curriculum better addresses the
on a project aimed at helping a rural region of Panama
increasing complex and dynamic demands of a new global
design a second water reservoir for the area, determine the
economy, while also allowing students to maintain a
best place to put it to meet the needs of the local people
work/life balance.
and future growth, and create a business plan for utility
• “Backpack to Briefcase” — Now closely integrated into the undergraduate curriculum, this program emphasizes career and professional development concepts to prepare undergraduate students for success and leadership in business. Each year, students are presented with opportunities to learn and develop professionally as they prepare themselves for graduation and entrance into the business world. • The Center for Church Management and Business Ethics offered twelve new webinars covering a variety of management topics such as Stewardship Best Practices, VILLANOVA SCHOOL OF BUSINESS
Civil Law and Church Security and Loss Prevention. DEAN’S REPORT
7
HIGH-ACHIEVING STUDENTS UNDERGRADUATE PROGRAM VSB is also expanding efforts to increase the diversity of its undergraduate students. While the number of minority students
GRADUATE PROGRAMS
in VSB increased in recent years, our retention rate was not at the level we wanted. As a result, we launched a summer
We also continue to see high demand for admission into
program aimed at helping incoming students from diverse backgrounds transition to college. Three corporate sponsors have
our graduate business programs. The numbers below
provided funding for 15 students for the summer of 2013. In addition, we assigned a faculty member the responsibility of a
reflect strong growth in the number of professionals who
tutoring and mentoring program for students who come from educational backgrounds that place them “at risk.”
seek to continue their education at VSB.
The high demand for a place in the School of Business is reflected by the fact that there is a greater than ten to one ratio of applicants to enrollment spots in VSB. We continue to attract the highest caliber students with very high SAT and GPA scores.
CLASS OF 2016
50
100
150
153
FLEX MBA
Mid-range SAT
1250-1400 Mid-range GPA
3.65-4.07 VILLANOVA SCHOOL OF BUSINESS
FAST MBA MAC
Acceptance rate
34.5% APPLICANTS: 4,132 ENROLLMENT: 404
MSF EMBA
70 34
200
250
236
122 96
28 30
VSB continues to be a desired destination for exceptional students.
132 46
2013 Enrollment
2013 Applicants DEAN’S REPORT
9
WORLD CLASS FACULTY
VSB works hard to retain the best scholars. We expanded research support and continued our Emerging Scholars Program to provide support to junior faculty members. The School of Business continues to recognize the importance of quality teaching by annually providing outstanding teaching awards to the faculty. In May, Stephen Liedtka, PhD, received the award for undergraduate teaching, and Michael Pagano, PhD, received the award for teaching at the graduate level. Also,
VSB CONTINUES TO ATTRACT OUTSTANDING FACULTY. MEET OUR FOUR NEW PROFESSORS.
Mary Kelly, PhD, from the Economics Department, was awarded the University’s Lindback Award for her outstanding teaching performance.
Danielle Lombardi, PhD,
Stephen Mahar, PhD,
Alumnus Benjamin
John Sedunov, PhD,
became assistant professor of
is associate professor in the
Scheick, PhD, returned
joined VSB’s faculty as assistant
accountancy after earning her
Management and Operations
to VSB as assistant professor
professor of finance. Dr. Sedunov
PhD from Rutgers, The State
Department at VSB. Previously
of finance. As a student, Dr.
received a BS in business
University. Dr. Lombardi holds
Dr. Mahar taught at the Cameron
Scheick received a BS in business
administration from Carnegie
a BS in accounting from the
School of Business, University of
administration (finance) and a
Mellon University and an MBA
College of New Jersey, and is a member of several sections of
North Carolina Wilmington (UNCW). He earned a BA in
BS in economics, and was awarded the Bartley Medallion
and PhD in finance from The Ohio State University,
the American Accounting Association (AAA), including the
mathematics from State University of New York at Geneseo,
in Economics. After spending three years in consulting,
Fisher College of Business. Dr. Sedunov won an American
Auditing, Information Systems and Strategic and Emerging
a BS in mechanical engineering from Rochester Institute of
Dr. Scheick went on to earn a PhD from the University of
Finance Association PhD student travel grant in 2011, and
Technologies sections. In 2011, she won the Executive
Technology, and an MBA and PhD from the Kelley School
Florida. Dr. Scheick’s areas of expertise include behavioral
he has also presented at, or participated as a discussant in,
Women of New Jersey Graduate Merit Award, and was a
of Business, Indiana University. Dr. Mahar received several
finance, corporate finance and real estate finance. He has
a number of finance conferences and association meetings.
finalist for the George Krull/AICPA Teaching Innovation
teaching distinctions at Cameron, including the Discere
twice received competitive research grants from the Real Estate
At VSB, Dr. Sedunov teaches the financial institutions
Award. Prior to pursuing her PhD, Dr. Lombardi spent
Aude Award for excellence in teaching at UNCW in 2010
Research Institute. Dr. Scheick has presented at numerous
course and conducts research in risk management, banking,
six years in industry as an auditor. She specializes in audit
and the first-ever CSB/ISOM Department Teaching Award
conferences and served as a referee for the Journal of Real Estate
corporate finance and mergers and acquisitions.
research and teaches intermediate accounting at VSB.
in 2011. At VSB, Dr. Mahar teaches business analytics and
Finance and Economics and Real Estate Economics. At VSB, Dr.
advises the Business Analytics Society Club.
Scheick teaches fixed income markets and valuation.
VILLANOVA SCHOOL OF BUSINESS
DEAN’S REPORT
11
NATIONAL RANKINGS
#15 IN THE NATION
#2
FOR ACADEMIC QUALITY
EXCEPTIONAL CAREER RESULTS
VSB’s academic programs once again received national
The Villanova University Career Center released the Class
students secured full-time employment at an average
recognition for excellence. Bloomberg Businessweek ranked
of 2012 Placement Report. The report reflects career place-
starting salary of $54,628. Our students are beginning
Villanova’s undergraduate business program at #15 in the nation.
ment statistics six months after graduation.
their professional careers at companies like Barclays
VSB students continue to fare extremely well. Within
Capital, Ernst & Young, Johnson & Johnson,
six months of graduation, 99 percent of our job-seeking
Goldman Sachs, KPMG, GE, PricewaterhouseCoopers and the Vanguard Group.
The annual ranking is determined by academic quality,
#11 IN INTERNATIONAL BUSINESS
professional development, business relevance and student
#12 IN FINANCE
satisfaction. VSB performed exceptionally well in a number of categories. Of particular note:
#15 IN MICROECONOMICS One-hundred-twenty-three undergraduate business schools
A+ IN TEACHING QUALITY
were ranked in 14 specialty areas. VSB placed in the
A+ IN JOB PLACEMENT
top 15 in five of these areas. Nearly 95% of VSB’s 2013 graduating students who completed the survey reported
As part of the ranking, Bloomberg Businessweek also provides
having participated in at least one internship or CoOp
specialty rankings. These rankings are based on the responses
experience, which led to the top three ranking placement
to an online survey completed by undergraduate business
in this category. Our high internship ranking is especially
students from the graduating class of 2013.
noteworthy, since we do not require our students to
Highlights of VSB’s performance in the specialty rankings include: #3 IN INTERNSHIPS #10 IN MACROECONOMICS
participate in an internship as part of the curriculum. Bloomberg Businessweek placed Villanova’s MBA program at #12 among part-time MBA Programs, and the Financial Times placed our EMBA Program at #25 of all EMBA programs in the country (#17 for “Three-year Average”).
As previously mentioned, according to the annual Bloomberg Businessweek student survey, nearly 95 percent of graduating VSB seniors reported having participated in at least one internship experience.
99% of job-seeking students secured full-time employment
$54,628 average starting salary
VILLANOVA SCHOOL OF BUSINESS
DEAN’S REPORT
13
VSB OUTREACH AND ENGAGEMENT
GIVING BACK VSB embodies the Augustinian value of service to others. We held our second annual day of service for faculty and staff, during which members of the VSB community and their family spent time making and delivering meals to St. John’s Hospice. In addition, the team also collected items across campus for recycling. VSB faculty members are also involved in Habitat for Humanity trips that involve our students. Faculty and staff have also participated in food drives for organizations that serve
VSB continues to be respected and sought out for the scholarship and expertise of our faculty, our Centers of
VILLANOVA UNIVERSITY BUSINESS LEADERS FORUM VSB held its third annual Business Leaders Forum,
Excellence and the value we bring to the
which focused on “Economic and Political Transitions.”
business community. Highlights from the
It brought together more than 200 high-level executives
past year include:
who are members of the School’s eight advisory councils as well as other key contributors. The keynote speaker was noted columnist and radio host, Michael Smerconish, who
MEDIA ATTENTION
discussed the impact of political transition on the economy.
VSB was mentioned or quoted in approximately 200
MAD MONEY
unique media hits across a variety of media. This included prestigious outlets like Bloomberg Businessweek, The Chronicle of Higher Education, Businessweek, CNN Money, The New York Times and The Wall Street Journal.
those who face difficult financial circumstances.
STAYING IN TOUCH VSB’s presence on the web and in social media continues to grow. VSB launched LinkedIn pages designed to promote all of our programs, as well as streamlined and added various groups. This year we also redesigned our web pages and enhanced our Facebook and Twitter presence with consistent branding and design. We launched an online newsletter, The Bartley Business Journal, that is distributed every other month in addition to our Villanova Business magazine. On Twitter, you can follow Dean Maggitti @VSB_Dean and VSB @VU_Business. We invite you to follow us to stay up-to-date on our faculty, alumni and all the many happenings on campus.
On April 25 CNBC’s highly-acclaimed Mad Money filmed an episode from the Pavilion. The episode showcased the spirit, enthusiasm and talents of VSB students through their participation in the filming. Many of our students were featured on television asking questions and pitching stocks to host Jim Cramer. The Equity Society was also highlighted during the broadcast by Cramer. Over 800 students, faculty, staff and alumni attended the filming on campus and NBC10, Philly.com, WMMR’s Preston and Steve and CNBC’s Squawk on the Street featured interviews with Cramer from Villanova’s campus.
VILLANOVA SCHOOL OF BUSINESS
DEAN’S REPORT
15
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