Pace University Lubin School of Business

Recruitment and Scholarships/Fellowships

How does your school recruit minority and/or female students? The Lubin School of Business recruits prospective minority and female students by sponsoring nonprofit organizations that promote women and minorities in business, such as the National Society of Hispanic MBAs.

National Society of Hispanic MBAs (NSHMBA) The NSHMBA web site describes the organization as the premier Hispanic organization; it says: “NSHMBA serves 32 chapters and over 7,000 members (includes three chapters in formation) in the U.S. and Puerto Rico. It exists to foster Hispanic leadership through graduate management education and professional development. NSHMBA works to prepare Hispanics for leadership positions throughout the U.S., so that they can provide the cultural awareness and sensitivity vital in the management of the nation’s diverse workforce.” With regards to education, the web site says, “Developing and delivering educational programs which prepare Hispanics for admittance into graduate management schools. NSHMBA is focused on supporting the successful completion of advanced degrees.”

Please describe any scholarship and/or fellowship opportunities for minority and/or female students attending your school. This can include school-specific programs and/or programs developed by independent organizations. Name of scholarship program: Minorities in Government Finance Scholarship Deadline for application: March 18th Scholarship award amount: $5,000 Web site or other contact information: www.gfoa.org/services/scholarships.shtml

The GFOA’s Minorities in Government Finance Scholarship is available for award to an upper-division undergraduate or graduate student of public administration, (governmental) accounting, finance, political science, economics or business administration (with a specific focus on government or nonprofit management). The purpose of the Minorities in Government Finance Scholarship is to recognize outstanding performance by minority students preparing for careers in state and local government finance.

Name of scholarship program: National Society of Hispanic MBAs Scholarship Program Deadline for application: April 30th Scholarship award amount: Varies; $5,000 to $10,000 Web site or other contact information: www.nshmba.org/financial-assist/schol_home.asp

From the NSHMBA web site, “The National Society of Hispanic MBAs, which exists ‘to foster Hispanic leadership through graduate management education and professional development,’ has established a scholarship program to assist qualified Hispanics to pursue MBAs. Scholarships are offered each year for full- and part-time study at an accredited (AACSB) institution of the student’s choice.”

Name of fellowship program: The Paul & Daisy Soros Fellowships for New Americans Deadline for application: November 1st Fellowship award amount: Half of tuition Web site or other contact information: www.pdsoros.org

The purpose of The Paul & Daisy Soros Fellowships for New Americans is to provide opportunities for continuing generations of able and accomplished new Americans to achieve leadership in their chosen fields. A new American is an individual who is a resident alien, i.e., holds a green card, has been naturalized as a U.S. citizen or is the child of two parents who are both naturalized citizens. The program is open to individuals who retain loyalty and a sense of commitment to their country of origin as well as

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to the United States, but is intended to support individuals who will continue to regard the United States as their prin- cipal residence and focus of national identity.

Name of scholarship program: Graduate Management Program for Women Alumnae Endowed Scholarship Fund Deadline for Application: June 1st Scholarship Award Amount: Varies Web site or other contact information: enrollment.pace.edu/asp/studentscholarship

To be eligible, applicants must be female, U.S. citizens or eligible non-citizens (i.e., permanent resident), matriculated into a degree program, taking six or more credits per semester and have a GPA of 3.0 or above.

Name of scholarship program: The AICPA Scholarship/Minority Accounting Major Deadline for application: March 1st Scholarship award amount: Varies; $1,500 to $5,000 Web site or other contact information: www.aicpa.org

A minority student who is enrolled in the final year of a five-year accounting program or an undergraduate accounting major who is presently accepted or enrolled in a master-level accounting, business administration, finance or taxation program, or who had any undergraduate major and is presently accepted in a master-level accounting program. You also need to be enrolled as a full-time graduate student (nine semester hours or equivalent), unless you are completing your final semester of study.

Prominent Alumni/Faculty

Please provide information about prominent minority faculty members at your school. Jorge Pinto, Professor of International Business and Adviser to the Dean Jorge Pinto brings extensive international experience to the Lubin School of Business. Previously, he was consul general for Mexico in New York. A participant in numerous academic symposia, Mr. Pinto speaks on a wide array of issues related to Mexico’s current affairs and U.S.-Mexico Relations. He has been actively engaged in cultural initiatives including the creation of web sites, which includes La Vitrina and the “Virtual Gallery of Mexican Artists in New York,” and he has been a successful fundraiser for the Mexican Cultural Institute of New York, a nonprofit organization of which he is honorary president. Mr. Pinto is also honorary president of the U.S.-Mexico Chamber of Commerce and is currently a member of the Institute of Latin American Studies (ILAS) Advisory Board at Columbia University.

Throughout his career he has been greatly involved with international activities on a widespread basis. From 1981 to 1983 he was the European representative of Nafinsa, Mexico’s national bank based in London; from 1983 to 1988 he was deputy chief of mission at the Mexican Embassy in Washington, D.C.; and from 1988 to 1990 he was executive director of the World Bank. Mr. Pinto also served as ambassador of Mexico in Sweden from 1991 to 1994, and during this time he was appointed concurrent ambassador of Latvia and Lithuania. From 1994 to 1995 he was undersecretary for international cooperation at the Mexican Ministry of Foreign Relations, and he also acted as chief Mexican nego- tiator for the Miami Summit Declaration hosted by President Clinton in 1994.

Mr. Pinto also has administrative and teaching experience in education, having served as chief of staff of the provost and as a full-time professor at Mexico’s National University (UNAM) during the 1970s. Mr. Pinto also recently start- ed his own publishing company, with offerings ranging from quirky and humorous art books to the first biography of Paul A. Samuelson, the influential MIT economist and textbook author, to translations of essential English-language business books into Spanish. He received his law degree from UNAM and has also studied law, economics and political science at New York University and at the Sorbonne in France.

Vasanthakumar Bhat, Associate Professor of Management An authority on public policy issues in environmental management, health care and financial services, Dr. Vasanthakumar N. Bhat is an associate professor of management and management science at the Lubin School of Business. Dr. Bhat has published extensively in many journals such as the Journal of Operational Research, Computers

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and Industrial Engineering, Computers and Operations Research, Applied Financial Economics, Journal of Technology Management and Industrial Management. He is also author of the book, The Green Corporation: The Next Competitive Advantage, and a second book, Total Quality Environmental Management: An ISO 14000 Approach, will be published in the near future. Dr. Bhat has several years of experience working in corporate planning and information systems development in pharmaceutical companies, and has also served as an internal consultant for an engineering firm.

Christian N. Madu, Professor of Management, Program Chair, Management and Management Science An authority on technology transfer and management issues, total quality management and statistical applications, Dr. Madu is a research scholar, professor and management science program chair at the Lubin School of Business. A dedicated researcher and prolific writer, he has published more than eight books and 80 scholarly articles.

Professor Madu has published articles in numerous professional journals such as Decision Sciences, Institute of Industrial Engineering (IIE) Transactions, Journal of Operational Research Society, Applied Mathematics Letters, Mathematical and Computer Modeling and Long Range Planning. His recent books include the Handbook of Total Quality Management (Chapman & Hall 1998) and Statistics as Easy as 123 with Excel for Windows (Gordon & Breach Science Publishers, forthcoming). He is also frequently interviewed by the third world media regarding technology, quality management and planning issues.

Professor Madu is also editor of the International Journal of Quality Science and the North American editor of the International Journal of Quality and Reliability Management. In addition to his research and educational activities, Professor Madu also serves as a statistical consultant to several organizations and corporations.

Samir El-Gazzar, KPMG Professor of Accounting An authority in capital-market-based accounting research, Samir M. El-Gazzar is the KPMG Professor of Accounting at the Lubin School of Business, Pace University. He has previously served on the faculties of Columbia University, Rutgers: The State University of New Jersey, Baruch College of the City University of New York and Tanta University in Egypt. Dr. El-Gazzar’s research focuses on capital market-based accounting research, information production and financial contracting.

His publications appear in top accounting and finance journals such as the Accounting Review, Journal of Accounting and Economics, Journal of Accounting, Auditing and Finance, Contemporary Accounting Research, The International Journal of Accounting and The Journal of Business Finance and Accounting. Dr. El-Gazzar also contributed to the Encyclopedia of Management, published by Blackwell Publishing, England. Dr. El-Gazzar teaches courses in financial reporting, accounting theory, research methodology in accounting, cost and managerial accounting, and contemporary issues in accounting. He also teaches doctoral concentration seminars in accounting, and supervises doctoral students during their dissertation work. Dr. El-Gazzar was awarded his PhD in accounting from the Baruch College. He has also consulted with numerous financial as well as academic institutions.

Please provide information about prominent female faculty members at your school. Karen Berger, Professor of Marketing, Associate Dean and Director of Undergraduate Programs Dr. Berger has authored numerous articles in publications such as the Business Case Journal, Journal of Business Ethics, Journal of Marketing in Higher Education and Advances in Consumer Research. She has also contributed articles at proceedings in various nationally recognized organizations, including the Society for Case Research, American Collegiate Retailing Association, Academy of Marketing Science, the Southern Marketing Association and the Association for Advancement in Computing Education.

A field experienced professional, Dr. Berger spent almost ten years at such firms as Lever Brothers, Frito-Lay and Revlon Health Care Group. At her various positions, she supervised a wide variety of new and established brands, such as Caress, Concentrated All, Lay’s Potato Chips, Grandma’s Cookies and the Oxy line of medicines.

Dr. Berger’s work in managerial marketing has led to consulting assignments with a number of nonprofit organizations. She is an active member of the board of directors of the Advertising Club of Westchester helping to oversee their scholarship programs and Creative Award annual event. In addition, she works with Pace students who intern at companies earning credit toward their bachelor’s degree.

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Frieda Reitman, Professor Emeritus of Management Dr. Frieda Reitman is an expert on gender issues (comparisons of careers of men and women and work/family balance), the effects of spouse employment status, employment interruptions, two-earner families, work ethic and the impact of downsizing in the 1990s in particular, the influence these issues have on the careers of MBA graduates. She is a professor emerita-in-residence in management at the Lubin School of Business at Pace University.

She has published articles in journals such as the Academy of Management Journal, the Journal of Vocational Behavior and the Journal of Organizational Behavior, and has been quoted in The New York Times and The Wall Street Journal. Dr. Reitman’s most recent quote appeared in a Fortune magazine article that reported that men with stay-at-home wives earn more than those with working wives. Her next article, “The Interrupted Managerial Career Path: A Longitudinal Study of MBAs,” appeared in the June issue of the Journal of Vocational Behavior and is co-authored with Joy Scheer. In addition, she recently presented a paper at the Eastern Academy of Management entitled, “Career Elevator Going Up—but no Penthouse for Women Managers.”

Claudia Green, Professor of Management Executive Director of the Center for Global Business Programs Claudia G. Green is executive director of the Center for Global Business Programs and director of the hospitality and tourism management program at Pace University. She is an educator, researcher and consultant in the areas of sustainable hospitality and tourism development. She earned her PhD from Virginia Polytechnic Institute and State University. Dr. Green has been a consultant for restaurant, hotel and tourism destinations as well as nonprofit community organizations in the areas of sustainable development, management, technology, strategic planning and food safety. She is an active member of the Pace University Center for Downtown New York which is a group of academic and business professionals dedicated to the rebuilding of social, economic and cultural institutions in Lower Manhattan following the September 11th attacks.

Ipshita Ray, Assistant Professor of Marketing Dr. Ipshita Ray received her PhD and masters in marketing communications from the University of Connecticut. She completed her bachelor’s degree in English from Jadavpur University. She teaches courses in marketing research, media buying and planning, new product management and business research and survey methodology. Her research interests include advertising management and promotions, consumer behavior, customer value, retailing and branding, advertising effectiveness and customer relationship marketing.

Please provide information about prominent female alumnae from your school. Marie J. Toulantis, MBA 1981, CEO, Barnes & Noble.com Ms. Toulantis joined Barnes & Noble.com as chief financial officer in 1999 and oversaw its successful initial public offering, which raised nearly $500 million in the largest Internet initial public offering to be completed at that time. She was appointed president and chief operating officer of the online company in 2001, and under her leadership, Barnes & Noble.com has become one of the top e-commerce sites in terms of traffic.

In addition to her role as the chief executive of Barnes & Noble.com, Ms. Toulantis has responsibility for a number of other corporate-wide activities, including distribution operations and marketing, which includes the Barnes & Noble Membership program, a multi-million-member loyalty program. She also works closely with Chairman Leonard Riggio on the company’s strategic corporate finance activities.

Ms. Toulantis first joined Barnes & Noble in 1997 as an executive vice president with responsibility for finance and was later appointed the company’s chief financial officer. Previously, she was with the Chase Manhattan Bank for many years in a variety of positions, the last one as senior vice president with responsibility for the bank’s commercial and investment banking business with a portfolio of mid-sized companies.

Ms. Toulantis earned a bachelor’s degree in business administration in marketing from Pace University’s Lubin School of Business, and currently serves on the school’s advisory board. Ms. Toulantis is also a member of the J.P. Morgan Chase regional advisory board.

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Curriculum and Research

Please provide information on any classes and concentrations that focus on issues related to women or minorities, such as Diversity in the Workplace or Explorations in Black Leadership. INB 673 International Human Resource Management Directs students towards an international perspective of the human resource management (HRM) function. Students will examine the unique demands of global firms and their consequential impact on strategic human resource management issues. Specific focus will be on the need for localization of practices in different countries/regions yet necessity of integration for consistency in the organization. International HRM practices arising from cross-border alliances, joint ventures and international acquisitions will be compared for their efficacies in a variety of situations.

INB 650 Pan American Economic Integration Examines recent and future developments in the integration of economics in North America, South America and the Caribbean sea. Places particular emphasis on free trade agreements such as NAFTA and MERCOSUL.

INB 665 Comparative Business Systems and Cross-Cultural Management Develops the knowledge and skills required for effective intercultural managerial performance. Analyzes the business systems in various countries and geographical regions. Emphasizes organization systems and management practices around the world. Examines culture, economics, politics, societal arrangements, and legal and accounting systems inso- far as to influence international business operations.

INB 670L Latin American Business Studies This course explores the future business and government strategies of Brazil with an emphasis on ecologically sensitive development. We will visit prominent environmental sites such as Iguazu Falls, (twice the size of Niagara Falls), Curitiba (world famous environmentally friendly city), seaside Paraty and Rio de Janiero.

INB 640 Business in the Global Environment Examines the interrelationships of the various functions of the business enterprise in a dynamic global context that incorporates social, economic, legal, political and technological factors. Integrative analysis focuses on theories of trade and investment, global and regional economic institutions and systems, cross-cultural management, and the relation of business to governments, society, and the physical environment. Considers the complexities associated with managing business internationally, addressing the ethical and social responsibilities of businesses operating in diverse environ- ments around the globe.

Please describe any faculty and/or student research projects that focus on diversity, multi- culturalism and minority issues. Faculty at the Lubin School of Business publish prolifically on a range of topics. Their published work on diversity issues includes:

Malinowski, C. 2005. “Differences in Ethical Attitudes between Asians Born in the U.S. and Asians Born in Asia.” Competitive Forum 3, no. 2 (Fall).

Gable, M., Fiorito, S. and Topol, M. 2005. “The Current Status of Women in U.S. Department Store Retailing: 2004.” International Review of Retail, Distribution and Consumer Research 15, no. 2 (July).

Kaushik, S.K., Kaushik, S. and Kaushik, S. 2006. “How Higher Education in Rural India Helps Human Rights and Entrepreneurship.” Journal of Asian Economics 17.

Le Vine, S. and Magaldi, A. 2005. “Affirmative Action in Colleges and Universities: University of Michigan Cases Gratz v. Bollinger and Grutter v. Bollinger.” North East Journal of Legal Studies 14 (Fall).

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Please describe any symposiums or special lectures that focus on diversity and minority issues organized and/or sponsored by your school.

Laid to Rest? The N-Word and Other Language of “Dissed” Respect Conference Last year, Pace University hosted a conference entitled “Laid to Rest? The N-Word and Other Language of ‘Dissed’ Respect.” The conference explored themes of language and African-American heritage through workshops and lectures, featuring an array of guest speakers and panelists.

Learn-to-Excel Topic Seminar The Learn-to-Excel Topic Seminar, co-hosted by Pace University’s office of diversity, is designed to increase awareness of issues related to race and difference. Through the use of experiential exercises and facilitated discussions, this workshop helps people explore individual prejudices and deepen understanding of the complexities of racism and oppression in our society. Workshop participants will create a personal action plan to engage the challenge of building an inclusive community on campus and beyond.

Pace also hosts a series of lectures devoted to exploring diversity-focused topics. One such lecture in 2008 was the Color of Wealth event: “For every dollar owned by the average white family in the U.S., the average family of color has less than a dime. Why do people of color have so little wealth? The Color of Wealth lays bare a dirty secret: for centuries, people of color have been barred by laws and by discrimination from participating in government wealth- building programs that benefit white Americans. Speaker: Meizhu Lui, executive director of United for a Fair Economy, a national nonpartisan organization that campaigns against growing income and wealth inequality and inspires action to reduce economic inequality.”

Organizations

Please provide information on your school diversity student and alumni organizations. Association of Latino Professionals in Finance and Accounting (ALPFA) pace.alpfany.org The Association of Latino Professionals in Finance and Accounting is the leading professional association dedicated to enhancing opportunities for minority students in the accounting, finance and business related profession. ALPFA is a not-for-profit entity registered with the Internal Revenue Service. ALPFA’s mission is to be the leading Hispanic professional association dedicated to enhancing opportunities for CPAs, accounting, finance and business related professionals and students, while expanding minority leadership in the global workforce.

National Association of Black Accountants (NABA) www.nabapace.org NABA’s mission is to build leaders that shape the future of the accounting and finance profession and to inspire the same commitment in their successors. NABA openly welcomes students of all nationalities and majors.

Women in Corporate America (WICA) webpage.pace.edu/wica WICA was founded in September 2001. Samar Sleiman, founder and current alumna, created WICA based on the idea of developing a network of females within a corporate community. Under the encouragement of Dr. Susanne O’Callaghan and Dr. Barry Miller, the concept became bona fide. Today, WICA has matured into a professional organization and has formed extensive relationships with organizations, alumni and corporate representatives. WICA hosts a number of annual events aimed at introducing women to different aspects of a corporate career. Says the web site, “We, the members of Women In Corporate America (WICA) are dedicated to being future leaders of corporate America by building our inner strength, excelling professionally and academically, and also helping our fellow students succeed in our community. Our objectives are to create a leadership environment, develop relationships among current members and alumni, host professional workshops, network with external oganizations and to be involved in community service.”

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United Chinese Student Association (UCSA) webpage.pace.edu/ucsa UCSA’s mission is to form a more solid foundation for a better communicative, liberal oriented society among students; to encourage student participation in social and academic life, promote friendship, understanding and stimulate leadership. UCSA hosts a number of events, including Karaoke Night, Sports Night and Moon Cake Day.

Please also provide information on any programs, including on-campus and university-wide programs in which MBA students participate, that focus on issues related to women or minorities, such as community outreach programs. Safezone Education Program The Pace University Safezone Education Program is a network of students, faculty and staff dedicated to promoting a safe and inclusive campus environment for gay, lesbian, bisexual and transgender individuals. Upon completion of a three-hour interactive workshop, participants are invited to become members of the Safezone network and receive a Safezone placard to display in their office, residence hall, etc., which visibly indicates that they are a “safe zone” (some- one with information, sensitivity and understanding towards gay, lesbian, bisexual, transgender and questioning issues and concerns). Diversity Week A week of special events and programs designed to educate the Pace University campus community about multicultural groups and populations. Programs include special guest speakers and performances, panel discussions, book sign- ings, video screenings, etc.

Please provide information on any institutes and/or related programs that focus on diversity. The Office of Multicultural Affairs (OMA) OMA seeks to look at the intersections of globalization and social injustices—and their impact on diversity and multi- culturalism. To that end, OMA is committed to sponsoring academic programming that includes symposia, lectures, film series and professional development workshops. OMA also hosts annual spoken word programs, knitting salons and rumba sessions in order to cultivate community and promote opportunities for interpersonal and creative interaction.

Office of Diversity Programs (ODP) The Pace University office of diversity programs aims to promote a productive educational and work environment that fosters and values equality, respect, human understanding, fairness and diversity. To this end, the ODP seeks to provide services and programs that will instill university-wide appreciation for diverse perspectives and backgrounds regardless of race, gender, class, sexual orientation, religion, age or ability.

Career Opportunities

Please describe any diversity recruiting events for employers recruiting minority and/or female students at or near your school. Annual Women’s Networking Reception Network with professionals from over 15 companies from various industries and gain invaluable advice from dynamic speakers. This event is presented by the Association of Latino Professionals in Finance and Accounting and Women in Corporate America.

Strategic Plan and Leadership

Please provide your school’s diversity mission statement if applicable. Pace University admits, and will continue to admit, qualified students of any race, color, religion, disability, national or ethnic origin, sexual orientation, age, sex or marital status, to all rights, privileges, programs and activities generally

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accorded or made available to students at the school. It does not, and will not, discriminate on these bases in the administration of its educational policies, admissions policies, scholarship and loan programs, and athletic and other school- administered programs.

How does your school’s leadership communicate the importance of diversity to your student body, faculty and administration? The diversity advisory team of Pace University fosters a climate of respect and civility among all constituencies. We promote an understanding of issues that include race, ethnicity, religion, culture, sexual orientation, physical ability and age.

In order to create a learning environment that fosters respect, understanding and academic success, it is imperative to support efforts that enhance the ability for all to achieve their greatest potential. This includes elimination of discrimination, providing opportunities for faculty, staff and student development, maintaining the free exchange of ideas, and responding to the individual needs of an increasingly diverse university community.

In concert with the goals and objectives of the university, the team is committed to fostering a supportive learning environment that encourages interaction among all members of the Pace community.

Demographic Information

Please describe the demographics of your most recent entering class. Percentage of female students: 43 percent

Percentage of minority students: 21 percent

White(non-Hispanic): 34 percent African-American/black: 5 percent Hispanic/Latino: 5 percent Asian-American: 11 percent

Percentage of international students: 29 percent

Average age of students: 25

Average years of pre-MBA work experience: 30 months

Please describe the geographic diversity of your most recent entering class. Percentage of U.S. citizens and permanent residents: 64 percent

Distribution of students from different U.S. regions

Northeast: 98 percent Southwest: 2 percent

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Please describe the selectivity of your school for the most recent application cycle. Number of applicants: 828

Number of admits: 435

Number of matriculants: 183

Please provide student employment information for the most recent graduating class. Average starting base salary: $54,000

Percentage of students entering different industries

Financial services: 90 percent Manufacturing: 7 percent Nonprofit: 3 percent

Percentage of students working in different functions

Finance/accounting: 66 percent General management: 8 percent Human resources: 2 percent Marketing/sales: 13 percent Information technology: 5 percent Operations/logistics: 2 percent Other: 4 percent

Major recruiting companies

AXA Financial Services Bank of New York Credit Suisse Deloitte & Touche Ernst & Young Grant Thornton IBM J.P. Morgan Chase & Co. KPMG McGladrey Pullen Morgan Stanley PricewaterhouseCoopers

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