Monthly Archives: July 2014

Zarb Students Compete in Trading Room Simulation with Rotterdam School of Management Students

Zarb graduate students recently competed in a Martin B. Greenberg Trading Room Simulation with Rotterdam School of Management students from Curacao, Lebanon, and Mexico.

The overseas students are enrolled in the Rotterdam School of Management’s (RSM) Financial Executive Management program — with the Curacao cohort visiting New York for the competition. Organized by Oxyor, a Netherlands-based company offering executive training sessions to the financial services industry, the event began with an introduction to market trading and analysis followed by the competition.

The universities and professors in charge of the program are Dr. Jaap Spronk, Rotterdam School of Management; Dr. Karen Watkins, Universidad Popular Autónoma del Estado de Puebla; Professor Renny Maduro, University of Curacao; Professor Karim Jazzar, ESA Business School, Beirut, Lebanon; and Dr. Anoop Rai, Dr. Ahmet Karagozoglu, and Dr. Nancy White from Hofstra University’s Frank G. Zarb School of Business.

Top photo: Student participants from University of Curacao.

Photographer: Zack Lane, Hofstra University Photographer

Middle photo: Zarb student participants along with Vice Dean George Papaioannou (second from right), Associate Dean Gioia Bales (third from right), Patricia Salama, Director of Outreach (far right), Dr. Anoop Rai, professor of finance (far left) and Dr. Ahmet Karagozoglu, professor of finance (second from left).

Photographer: Zack Lane, Hofstra University Photographer

Bottom photo: First place winner Cathy Bronswinkel with runners-up Weijian Zhang and Jason Smit.

Photographer: Zack Lane, Hofstra University Photographer
 
 

A Conversation with Finance Chair Viswanathan

Meet the People of Zarb: Chairperson K.G. Viswanathan, Department of Finance

[Note: This is one in a series of posts to highlight the people who contribute to making the Zarb School of Business a special place.]

Here is our Q&A with Dr. Viswanthan.

    • Could you describe the Department of Finance in terms of the undergraduate and graduate programs offered?

The Department of Finance has a dynamic, dedicated, and diverse group of faculty and students who strive to meet the challenges of the continuously evolving field of Finance.  We provide a high-quality educational experience, where graduates acquire the applied and conceptual skills needed to meet the demands of the financial marketplace.

At the undergraduate level, we offer the Bachelor of Business Administration in Finance, which prepares students for careers in all areas of Finance — including Corporate Finance, Investment Banking, and International Finance — by following a rigorous and relevant curriculum.  Students are offered a wide range of courses and the flexibility to satisfy their individual interests.  We also offer a Minor in Finance for students majoring in other areas and the Certificate Program in Finance for college graduates.  Both of these allow students to develop significant finance knowledge and skills for career enhancement. 

At the graduate level, we offer several degree programs and concentrations.  The MBA in Finance and the MBA in Real Estate provide graduates with the skills to become managers and decision makers in their areas of specialization.  The MS in Quantitative Finance and the MS in Finance with two concentrations – Investment Analysis, and Financial and Risk Management – are designed to equip students with knowledge and skills that will make them financial professionals and analysts in their specializations. 

The Advanced Graduate Certificate in Corporate Finance and Investment Management enables individuals who already possess graduate degrees in business to either refocus their careers or update and expand upon specific business skill sets.

  • Tell us a little bit about the Finance faculty and yourself.

Our faculty are academics and professionals dedicated to communicating and advancing knowledge through the pursuit of teaching excellence and respected scholarship. The department’s fourteen full-time members and eleven adjunct members come from diverse backgrounds in training and cultural experiences and have the expertise to cover the broad curriculum of our program.  All Finance classes are taught by full-time faculty (who hold doctoral degrees in their area of specialization) or by highly qualified professionals who bring their industry experiences to the classroom.

The faculty’s excellent teaching credentials are strengthened by their record of scholarly publications.  In addition, faculty involvement in business, governmental, and not-for-profit organizations enhances classroom instruction.  Several of the Finance Department’s faculty hold highly-regarded industry designations such as the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Chartered Market Technician (CMT), Energy risk Professional (ERP), and Chartered Alternative Investment Analyst (CAIA).

On a personal note, I spent my early childhood in Malaysia and my adolescent years in India, where I completed an undergraduate degree in Mechanical Engineering.  I then moved to Kalamazoo, Michigan where I completed my MBA in Finance.  This was followed by a Ph.D. in Finance at the University of Tennessee at Knoxville.  I have been teaching at Hofstra for the past twenty-five years, and have been the Chair of the Finance Department for the last three years.

  • What are some of the recent achievements by the Department of Finance?

The educational and cultural experiences of the students in the various Finance programs are enhanced by their participation in various student organizations and groups that offer networking opportunities, career-related information, and participation in seminar, conferences and student competitions. The Financial Management Association (FMA) — Hofstra Student Chapter, the Association for Latino Professionals in Finance and Accounting (ALPFA), the Investment Analysis Association (IAA), the Graduate Finance Association (GFA), the Hofstra Investment Banking Association (HIBA), the Hofstra Quants and Traders (HQT), and the Alternative Investments Forum have been involved in exciting activities over the past several years and have distinguished themselves both within and outside the Hofstra community.

Department faculty are very active in various scholarly and professional activities, including organizing and participating in academic and industry conferences, participating in professional organizations, and producing high- quality research.

  •  What kinds of jobs do students get after graduation?

A degree from the Department of Finance, with its combination of theory and practice, prepares students for careers in Banking, Corporate Finance, Corporate Governance, Derivatives, Investments, and Real Estate, as well as being an excellent foundation for graduate studies.

Careers in finance are pursued in commercial and savings banks, insurance companies, brokerage firms, investment banks, mutual funds, hedge funds, industrial and commercial firms, government entities, and health care organizations.  Finance graduates seek positions as Treasurers, Credit Analysts, Loan Officers, Financial Analysts, Brokers, Traders, Financial Planners, Portfolio Managers, Operations Analysts, Business Analysts, Wealth Management Analysts, Equity Research Analysts, Quality Assurance Analysts, and Energy Risk Management Analysts.

Recent Finance graduates have been recruited by Capital One, National Grid, OpenLink, UBS, PWC, Goldman Sachs, JP Morgan Chase, Bloomberg, Broadridge Financial Solutions, CA Tech, BNY Mellon, Groupon, HSBC, Verifone, Moody’s, China Merchant Bank, and Brown Brothers Harriman, among others.

  • What do you see ahead for the Department of Finance?

Finance, like Business in general, is experiencing significant changes in the economic, regulatory, geographical, and structural environment.  To equip our students with the necessary skills to meet the challenges in this dynamic environment, it is important that the material we teach our students and the way we teach them is relevant and current. I expect our department to be continuously updating the content in courses, the curriculum, and the method of delivering the material to the students. With the increased emphasis on ‘experiential learning’, we will be seeking opportunities for students to participate in activities outside the classroom that will better prepare them for their professional careers. Such activities will include developing expertise in using the Bloomberg System in the Martin B. Greenberg Trading room, participating in student competitions, and engaging in consulting projects with an emphasis on socially-responsible objectives.

We recently constituted a fourteen-member Finance Department Advisory Board to help us enhance students’ educational experience at Hofstra and to raise the profile of the Department.  We expect this to be a mutually beneficial engagement for the Department and Advisory Board members.

  • What is something that most people do not know about the Department of Finance?

A majority of the faculty have spent an extended amount of time in foreign countries, pursuing their educational goals and/or being employed.  The diverse cultural and educational background of the faculty in the Department makes the faculty very well-suited to educate students in a field that is truly global.

  • Any final thoughts?

We are very proud of our students and faculty and their accomplishments.  I am confident that our students will continue to excel in all of their academic and professional endeavors and that they will go on to have successful careers in the future.

 

Zarb Professor Video: Understanding and Marketing to the Long Island Consumer

Take a look at a video interview that Zarb Professor Joel Evans recently did with Fios1. There are lots of nice graphics, too.
 

 

How to Best Interact with Your New Boss

Starting a new job can be a stress-filled time. So, what can you do to reduce your anxiety and optimize your relationship with your boss?

According to Careerealism:

“Building a relationship with your new manager isn’t complicated. It must be intentional, genuine, and built on a foundation of respect. As a new employee, ideally you should be spending some time with your manager every day for the first couple of weeks, even if only for a brief check-in. These meetings are ideal opportunities to jump-start the dialogue. Here are five simple conversations you need to have with your boss when you start a new role.”

 

A Conversation with Management and Entrepreneurship Chair Sengupta

Meet the People of Zarb: Chairperson Kaushik Sengupta, Department of Management and Entrepreneurship

[Note: This is one in a series of posts to highlight the people who contribute to making the Zarb School of Business a special place.]

Here is our Q&A with Dr. Sengupta, who begins his Chairpersonship in September 2014 .

  • Could you describe the Department of Management and Entrepreneurship in terms of the undergraduate and graduate programs offered?

The department is the most eclectic one at Zarb, given the number of different focus areas and faculty expertise that we provide.

We offer three undergraduate majors: Management, Entrepreneurship, and Supply Chain Management. The Supply Chain major is one of the newest majors offered in the Zarb School.

At the graduate level, we offer MBA concentrations in Management, Sports and Entertainment Management, and Health Services Management. An MS concentration is also offered in Human Resources Management. Faculty from the department also co-teach in the Quality Management concentration.

In addition, Advanced Certificate programs are offered in General Management and Human Resources Management.

  • Tell us a little bit about the Department of Management and Entrepreneurship faculty and yourself.

The department faculty has expertise in a number of areas, including: Strategy, Human Resources, Ethics, the Supply Chain and Operations, and Entrepreneurship. The faculty brings a number of years of deep expertise in these areas through their experience in academics and in industry.

The diverse backgrounds of the faculty also allow us to offer a variety of courses, such: as Leadership, Dispute Resolution, International Management, Contract Negotiations, and Compensation and Benefits. Courses in the Supply Chain and Operations area cover Purchasing, Logistics, Service Operations, Project Management, and Process Management. This variety is unique in the Zarb School.

The full-time faculty members in the department have the highest possible educational expertise in their respective fields. Full-time faculty members have their Ph.D.s from such elite institutions such as New York University, Yale, Indiana, Syracuse, City University of New York, Northwestern, Louisville, University of Massachusetts, and others.

We also have a very good group of part-time faculty members, many of whom hold senior level positions in industry and bring their expertise into the classroom.

With regard to myself, I began my career at Hofstra in 2002 after completing a Ph.D. in Operations Management from Indiana University and after multiple year stints at a few universities and in the supply chain industry. I have an MBA and my undergraduate degree is in Mechanical Engineering. Immediately before joining Hofstra, I was a Director of Supply Chain Solutions at a leading supply chain consulting firm for about 6 years. I teach courses in the Supply Chain Management area and conduct research in Strategy, Supply Chains, and Service Operations. Since 2011, I have also been the Director of the Online MBA Program and now I look forward to taking up additional responsibilities as the Chair of the Management and Entrepreneurship department.

  • What are some of the recent achievements by the Department of Management and Entrepreneurship?

The Management major has been one of more popular majors with a high level of enrollment in the past; this trend continues. The Entrepreneurship major at the undergraduate level is also popular with students, given the overall trends in business regarding what it takes to have one’s own business. Corporate partnerships in this area with Capital One Bank and Uniondale High School have allowed experiential learning for students where they get to work on a “real-life” business initiative with funding and to make a presentation to executives. The major has grown in popularity over the years.

We started offering the Supply Chain major just a few years ago. Although developing a following, this major offers a specific focus for those who want to have a career in Supply Chain and Logistics -– areas that have many opportunities both within and outside of the U.S. This will be an attractive field for students for the foreseeable future. As part of the major, many new courses in Project Management, Supply Chains, Service Operations, and other areas have been developed over the last few years.

  • What kinds of jobs do students get after graduation?

Based on past job placement opportunities, students have found positions in such diverse areas as Human Resources, Communications, Operations, Sports and Entertainment, Financial Institutions, Transportation and Logistics, Labor Relations, Supply Chains, Leadership, Health Care, Management Consulting, Entrepreneurs, New Business Start-Ups, Growing Existing Businesses, and Not-for-Profit Management.

As the jobs are diverse, so are the companies where students have been recruited. Companies that have hired our graduates include such companies as Express, The Gap, Limited Brands, ADP, Capital One Bank, Con Edison, Exxon-Mobil, Macy’s, Target, the U.S. Army, Pepsi Bottling Group, Best Buy, Price Waterhouse Coopers, Major League Baseball, the National Football League, and ESPN. This is just a representative sample of companies that have recruited our students in the past.

  • What do you see ahead for the Department of Management and Entrepreneurship?

I see an exciting time for the department going forward. We have a few new faculty members and are looking to hire additional new faculty in the near future. I am expecting they will provide a fresh perspective to the department’s offerings.

As the incoming Chair, I have a responsibility to continue the fine work accomplished by the previous Chair. I also want to explore the possibility of establishing an Entrepreneurship major at the graduate level. Industry certifications and knowledge of specific industry solutions are becoming more critical for students to attain – I look at a few of these possibilities as being offered from the department so that our students get better skills when they go for jobs and internships.

Finally, I intend to seek alums of the School who majored in the department to help us form a departmental advisory board. I hope such an advisory board will help us make sure the curriculum is what industry needs and also to be a resource pool for students regarding mentoring, internships, and possible employment opportunities.

  • What is something that most people do not know about the Department of Management and Entrepreneurship?

I am not sure if people know that the Management major has traditionally been one of the largest majors in terms of enrollment, not only in the Zarb School. It has also been one of the Top 10 Majors in the university.

I also think the faculty members in the department are very collegial and we get along well with one another – this is something that is not necessarily present in academic departments; so, as a member of the faculty, I do cherish this aspect. It has helped us develop the department curriculum, think about new initiatives, foster more collaborative research among the faculty, and in the end, helps us in our ultimate goal of assisting our students get the skills and knowledge necessary for today’s environment.

  • Final thoughts?

It is a great time to be a part of the Zarb School as a lot of new initiatives, programs, and development are taking place. The Department of Management and Entrepreneurship is a key constituent of the school; and I know we can bring in all the expertise and cooperation needed from the department to make the school even better.

 

Business Career Tips and Resources

In the slideshow presented below, learn about many of the opportunities and challenges facing those interested in a field of business.

The latest data from the U.S. Bureau of Labor Statistics are included.
 

 

Zarb Means Business: Our Most Popular Post to Date

As we hit the four-month mark for the Zarb Means Business blog at the end of this week, we would like to highlight our most popular post to date: “Best U.S. Schools for Business Majors by Earnings: Zarb Is in the Top Twenty.”

Click the image to access this post. Let’s go Zarb!!!!

3-21-2014 11-11-10 AM