Simon Business School Course Catalog 2016-2017HARRY GROENEVELT AVERY HAVIV together at memorials built in their honor inAssociate Professor of Operations Assistant Professor of Marketing Washington DC.Management Professor Haviv’s research interest is primarily His academic interests include behavioral eco-Professor Groenevelt has interests in health in the development and application of dynam- nomics, the perceptual foundations of value,care operations, logistics and supply chain ic, structural models to identify, diagnose and client sponsorship of project practicums.management (including reverse logistics); and solve marketing challenges. Haviv hasservice system management and design; and explored optimal consumer packaged goods BS, Psychology, Denison Universityquality management. He has been a consultant pricing policies in the face of changing season- MBA, Finance, Rochester Institute ofon operations management issues for numer- al demand and developed a dynamic consumer Technologyous manufacturing and service companies inventory model to explain counter-cyclic(including hospitals and other health care pricing phenomena, wherein the price of some YUFENG HUANGproviders), as well as the city of Amsterdam, packaged goods are observed to drop during Assistant Professor of Marketingthe Netherlands. He has had articles pub- their peak selling season. In another joint work Huang has research interests in demand esti-lished in Management Science, Operations on brand building, he modeled the impact of mation, learning, quantitative marketing, andResearch, the Journal of Applied Probability, firms’ advertising investments on their brand structural econometrics. His teaching intereststhe European Journal of Operations Research equity, and demonstrated that changes in are in marketing research and marketing man-and other journals. He wrote the chapter on brand value depend not only on a firm’s adver- agement.“The Just-in-Time System” for Volume 4 of tising, but also on the advertising strategy ofthe Handbooks in Operations Research and the firms’ competitors. In another methodolog- BSc, Economics, Sun Yat-sen UniversityManagement Science on logistics of production ical research initiative, Haviv has worked on the MS Research, Economics, Tilburg Universityand inventory. development of dynamic models that relax the PhD, Marketing, Tilburg University assumption, rejected by research in consumerBS, Econometrics, Vrije Universiteit, behavior and economics, that consumers think GLENN D. HUELSAmsterdam, The Netherlands of the future in a purely rational way. Haviv has Clinical Associate Professor ofMS, Econometrics, Vrije Universiteit taught at the Rotman School of Management AccountingPhD, Operations Research, Columbia University and the Statistics Department at the University Professor Huels has served as vice president– of Toronto, where he received a Teaching tax at Bausch + Lomb and as the head of theRONALD W. HANSEN Assistant Award for Excellence. He has also corporate tax department at Goulds Pumps Inc.William H. Meckling Professor Emeritus worked as a consultant in the market research In both roles, he had overall responsibility forof Business Administration industry where he developed new method- the leadership, management, administration,Hansen became director of the Systems ologies and advanced statistical models on and direction of all aspects of the corporateAnalysis Program in 1972, and from 1977 to projects in the telecommunications, fast food, tax function. This included responsibility for1986 he was the associate director of the banking and public sectors. global tax planning strategies and workingCenter for Research in Government Policy and closely and collaboratively with operationsBusiness, now the Bradley Policy Research BMath, Statistics, University of Waterloo and the corporate accounting, M&A, legal andCenter. He briefly left the Simon School to MSc, Statistics, University of Toronto treasury functions to determine and implementbecome the first recipient of the Merrell Dow PhD, Quantitative Marketing, University of optimum legal, debt, and equity structures,Professorship of Pharmaceutical Administration Toronto (Rotman School of Management) and to maximize after-tax cash flows to thein the College of Pharmacy at The Ohio State parent corporations through dividend planningUniversity (1986–88). VINCENT W. HOPE and other repatriation strategies. He has alsoHe served as senior associate dean for faculty Clinical Assistant Professor of Marketing served as Bausch + Lomb’s director of externaland research for 21 years, and most recently as Mr. Hope has a 30-year career leveraging tax reporting, responsible for the company’sthe senior associate dean for program devel- customer knowledge in the creation of busi- income tax accounting and financial reportingopment. ness opportunities. His leadership roles have requirements, and as a director in Bausch +Hansen is widely recognized for his scholarly spanned business development, market Lomb’s corporate treasury department, con-research in drug-development policy and in research and “Smart Marketing” applications in tinuing to work closely with operations andthe regulation of the pharmaceutical industry. data-rich environments. other corporate functions regarding global cashHe helped to establish and collaborates on His client list includes Apple, Bank One, Disney, flow strategies, debt compliance, accountingresearch with the Tufts Center for the Study GM, IBM, Kellogg’s, Matsushita, Mitsubishi, for derivatives and other external reportingof Drug Development. Hansen was on the P&G, Sony, Sprint, 3M, and others. He served requirements, and the minimization of foreigneditorial board of the Journal of Research in as director of customer knowledge in the exchange exposures and risks. Huels is aPharmaceutical Economics. He was a member database marketing arm of Acxiom Corp, and Certified Public Accountant licensed in Newof the National Advisory Council on Health Care director of strategic research and planning at York State, and was a manager at the publicTechnology Assessment (1985–88) and the the American Society for Quality. He began his accounting firm of Deloitte prior to his corpo-Committee on the Children’s Vaccine Initiative, career in media production, before a 15-year rate experience. Before joining Simon BusinessInstitute of Medicine, National Academy of stint growing and leading a primary market School as a full-time associate professor, hisSciences (1992–93). research firm. teaching experience included instructing vari- Mr. Hope is founder of Honor Flight Rochester, ous courses for Deloitte junior staff at firm-wideBA, Mathematics, Northwestern University a community-driven organization created in national training sessions, lecturing in SUNY atMA, Economics, University of Chicago 2008 to fly aging veterans to visit and reflect Buffalo’s Graduate Tax Certificate Program, andPhD, Economics, University of Chicago teaching accounting and tax courses at Finger 51 Lakes Community College and the former St.
Simon Business School Course Catalog 2016-2017John Fisher College Masters in Taxation pro- GREGG A. JARRELL of Accounting Research, Journal of Finance,gram. Professor of Finance and Economics Review of Accounting Studies and The Professor Jarrell has been a professor of Accounting Review. His work is presented notBS, Business Administration, State University of finance and economics at the Simon School only at academic conferences within the U.S.New York at Buffalo since 1988, where he also was assistant profes- and around the world, but also at regulatoryMBA, Rochester Institute of Technology sor from 1977 to 1981. Jarrell served as director bodies such as the European Central Bank of the Simon School’s Managerial Economics and the Federal Reserve Bank of New York. InOLGA ITENBERG Research Center from 1988 to 1990, and as addition to teaching a PhD seminar, ProfessorAssistant Professor of Finance director of the Bradley Policy Research Center Jayaraman teaches Managerial Accounting inOlga Itenberg earned her doctorate in from 1990 to 1994. Also, he was the A.T.&T. the Masters of Finance and the Executive MBAEconomics from the University of Pennsylvania Foundation Resident Management Fellow at programs. Prior to joining Simon in 2014, hein 2014. In her dissertation titled “Essays in Firm the Simon School from January to June 1987. In was at the Olin Business School of WashingtonFinancing and Innovation Activity,” Olga quan- addition, Jarrell was a Research Fellow under University in St. Louis.tifies the effect of floatation cost and dividend Professor George J. Stigler at the University oftax drops on manufacturing firms’ observed Chicago’s Center for Study of the Economy and B.Com., University of Bombayincreased use of external equity and the reallo- the State from 1981 to 1983, as well as a senior MBA, Bentley Collegecation of R&D and patenting efforts from large economist with Lexecon Inc., a Chicago eco- PhD, University of North Carolina, Chapel Hillto small firms since the 1970’s. During her grad- nomics consulting firm specializing in Antitrust (Kenan-Flagler)uate studies, Olga received an Edwin Mansfield and Securities litigation from 1983 to 1984.Prize for excellence in teaching and spent a Jarrell served as the chief economist of the ROY JONESsummer at the Federal Reserve Bank of New US Securities and Exchange Commission (SEC) Clinical Assistant Professor ofYork as a CSWEP Fellow. from April 1984 to January 1987. Before that, he Computers and Information Systems was a member of the SEC Advisory Committee Professor Jones’s current research studiesBS, Business Administration, Economic Theory, on Tender Offer Policy from February through markets for information goods and the impactNew York University (Stern) July 1983. He has consulted with the Federal of development costs and the complexity of thePhD, Macroeconomics, University of Trade Commission and has served as an development process on market structure. HePennsylvania (Wharton) adjunct professor at Georgetown University is broadly interested in the information indus- School of Law. tries, in particular the economics of informationTHOMAS H. JACKSON Jarrell has published dozens of articles on eco- systems, electronic commerce, and the evolu-Distinguished University Professor and nomic and finance topics in scholarly academic tion of the information technology industry.President Emeritus journals, as well as the popular media, and is Before pursuing his PhD, Jones was a lecturerThomas H. Jackson, president of the University an expert on mergers and acquisitions, hos- for the Stanford University computer scienceof Rochester from 1994 to 2005, holds faculty tile takeovers, the economics and regulation department. In addition, he founded a relation-positions in the William E. Simon Graduate of financial markets, financial valuation and al database consulting firm. In this capacity, heSchool of Business Administration and in the microeconomic theory and application. Jarrell worked with Fortune 500 firms and start-ups.University’s Department of Political Science. frequently serves as an expert witness onBefore he became Rochester’s ninth president, financial-economic issues in business litigation, BA, History, Stanford UniversityJackson was vice president and provost of including financial valuation of publicly traded MS, Computer Science, Stanford Universitythe University of Virginia, which he first joined securities, securities fraud, contract damages PhD, Operations, Information and Technology,in 1988 as dean of Virginia’s School of Law. and criminal inside-trading cases. Stanford UniversityHe had been professor of law at Harvardfrom 1986 to 1988 and served on the Stanford BS, Business Administration, University of RON KANIELUniversity faculty from 1977 to 1986. Delaware Jay S. and Jeanne P. Benet Professor ofA 1972 graduate of Williams College, Jackson MBA, Economics and Finance, University of Finance; Chairman of the PhD Programearned his law degree from Yale in 1975. He Chicago Professor Kaniel has research interests in thefirst clerked for U.S. District Court Judge Marvin PhD, Business Economics, University of Chicago areas of asset pricing, financial intermediationE. Frankel in New York in 1975–76, and then for and investments. His research is focused onSupreme Court Justice (and, later, Chief Justice) SUDARSHAN JAYARAMAN understanding mutual funds investment deci-William H. Rehnquist in 1976–77. Associate Professor of Accounting sions and how they impact security prices, theJackson is the author of bankruptcy and com- Professor Jayaraman has research interests impact of endogenous community effects onmercial law texts used in law schools across in corporate governance and the effects of investors’ investment decisions and equilibriumthe country, and served as Special Master for accounting information in financial markets. His prices, and the predictive role of changes inthe U.S. Supreme Court in a dispute involving work on corporate governance has examined trading volume and investors’ order flow onevery state in the country over the disposition how large shareholders discipline managers security returns. Kaniel has published articlesof unclaimed dividends held by brokerage via the threat of exit, and the role that stock in The Journal of Finance, Journal of Financialhouses. market liquidity plays in the design of execu- Economics, Review of Financial Studies, tive compensation contracts. He is currently Journal of Business, Operations Research, andBA, American Studies, Williams College interested in the functioning of financial institu- Mathematical Finance. His work has been citedJD, Yale University tions and the propagation of shocks between multiple times in The Wall Street Journal, the the banking and industrial sectors. Professor New York Times and the Washington Post. Prior Jayaraman’s publications have appeared in to joining the Simon School in 2011, Kaniel was Journal of Accounting & Economics, Journal a faculty member at Duke University and the 52
Simon Business School Course Catalog 2016-2017University of Texas at Austin, and was a visiting ested in understanding the interaction between agement, Opera t ions Research, Operat ionsscholar at Stanford University. accounting information and corporate decisions Research Letters, Regional Science and Urban (e.g., investment, financing, and liquidity man- Economics and Transportation Science. LedererBSc, Mathematics and Computer Science, agement). His current working papers examine is ass ociate editor of the International Journ alHebrew University of Jerusalem the role of accounting for business combina- of Production Economics and an occasionalMSc, Computer Science, Hebrew University of tions in explaining the asset growth anomaly, referee for Econometrica, the Journ al ofJerusalem the effect of accounting conservatism on corpo- Accounting and Economics, Mana gement SciPhD, Finance, Wharton School, University of rate investment, and the effects of CEO career ence, Operations Research and the Review ofPennsylvania concerns on risk-taking. His teaching interests Economic Studies. He is a former assistant pro- are in financial and managerial reporting. fessor of business administration at the DardenDENNIS KESSLER Graduate School of Business Administration atEdward J. and Agnes V. Ackley Clinical Prior to pursuing his PhD, Professor Kim worked the University of Virginia.Professor of Entrepreneurship as a financial and managerial accountant in aProfessor Kessler was co-owner of Kessler large life insurance firm in Seoul, South Korea. BS, Physics, State University of New York atRestaurants LLC, a Rochester, NY-based owner Stony Brookand operator of franchised restaurants and BA, Economics, Korea University MS, Applied Mathematics, Northwesternreal estate development. Kessler has 30 years’ MBA, Korea Advanced Institute of Science & Universityexperience in restaurant ownership, real Technology (KAIST) PhD, Applied Mathematics, Northwesternestate and human resource development. He PhD, University of Iowa Universityemployed approximately 3,000 workers in cen-tral and western New York State in the opera- BECKY LANDRY YOUNG SUN LEEtion of his restaurants. He has owned and oper- Sr. Lecturer of Communications Clinical Assistant Professor ofated a number of franchise concepts including Becky Landy, senior lecturer of communica- CommunicationsBurger King and Friendly’s. At Friendly’s he was tions, has been an adjunct lecturer in business Lee recently earned a PhD in Communicationthe largest franchise restaurant owner in the communication at SUNY Geneseo and Hilbert from Florida State University. Her dissertationcountry. He has also led a number of successful College, where she also taught marketing topic was How to Maximize Self-Efficacy instart-up companies and is a member of the and business management, as well as senior Health Messages? Exploring the RelationshipCouncil of Advisors for Gerson Lehrman Group capstone classes. She is a principal at MJ Among Responses to Messages, and Behavior-Inc., an international association of academic Associates in Orchard Park, NY, a consultan- Specific Cognitions Using Self-Affirmationand industry thought leaders consulting for cy that helps organizations analyze, create, Theory. In addition to a PhD, Lee earned an MAleading investment professionals worldwide. and execute business strategies, marketing in Journalism and Mass Communication and aKessler is a former member of the board of plans, project management, and supports BA in Political Science at Chung-Ang Universitytrustees of the University of Rochester Medical economic development initiatives. Clients in Seoul, South Korea. She served as a seniorCenter and past chair and commissioner of the include Buffalo State College and the Empire marketing consultant and executive researcherCity of Rochester Civil Service Commission. He State Development Corporation. She is also a for The Nielsen Company in Seoul, and taughtis currently a member of the board of Excellus partner at Tell Design, providing idea gener- a variety of communication courses at FloridaBlue Cross/Shield of Western New York, ation, positioning, and marketing and market State.President of the Rochester Police Foundation, research support to the toy invention indus-former founding board member of the Young try. Previously, she was COO at UB Business BA, Political Science, Chung-Ang UniversityWomen’s College Prep Charter School of Alliance and executive director for the Center MA, Journalism and Mass Communication,Rochester and a founding board member of for Industrial Effectiveness at the University of Chung-Ang Universitythe Rochester Education Foundation. He is Buffalo. Prior to working at UB, Landy worked PhD, Comunications, Florida State Universityalso a founding member and Vice President of in corporate marketing in a variety of positionsthe Monroe County Sheriff’s Foundation and a from Brown & Williamson, Fisher Price/Quaker JOHN B. LONG JR.past member of the Farash Foundation Grant Oats, and Ivoclar North America. She holds a Frontier Communications/RochesterReview Board. Kessler is also an advisory board BA in English from Colgate University and an Telephone Professor Emeritus ofmember to Junior Achievement and an induct- MBA in marketing from Clarkson University. Business Administrationee in the Rochester Business Hall of Fame Professor Long has research interests primarilyClass of ’06.BS, City University of New York PHILLIP J. LEDERER in the area of financial economics. In his pub Associate Professor of Operations lished articles, he has addressed many of theMA, Sociology, John Jay College of Criminal Management financial decision problems faced by individualsJustice Professor Lederer has research interests in and firms. These include total savings and port-MSL, Yale University Law School operations management and its integration folio-selection decisions (with particular empha-LLM, Northwestern University School of Law with economic theory. His current research sis on income tax implications and the per-Certificate of Business Administration, Instituto focuses on three areas: the financial justifica- formance of sophisticated portfolio-selectionde Empresa, Madrid, Spain tion of manufacturing technology, performance techniques), investment-proje ct evaluation evaluation in operations and competition and dividend-policy choice. In other articles,JAEWOO KIM in network-based industries. His work has he addresses the behavior of rela tive assetAssistant Professor of Accounting appeared in Econometrica, the International prices, the measurement of “abn orm al” assetProfessor Kim’s research interests include Journal of Flexible Manufacturing Systems, returns, the implications of taxes and inflationfinancial reporting, auditing, tax avoidance, and the Journal of Manuf acturing and Operat ions for common stock prices and the term structurecorporate investment. He is particularly inter- Management, the Journal of Operations Man of interest rates. With Charles I. Plosser, Long 53
Simon Business School Course Catalog 2016-2017has done theoretical and empirical research on explores how the increasing information MA, Political Science, Central Europeanfundamental interpretations of fluctuations in technology content in products alters compe- Universityeconomic activity (business cycles). Long is a tition, strategy and market structure. Recent PhD, Political Science, Central Europeanpast editor and adv isory editor of the Journal research has focused on issues of pricing, Universityof Financial Economics and a member of Beta product design and entry in converging dig-Gamma Sigma. ital markets, and also on price and demand JEANINE MIKLÓS-THAL evolution in network industries. In addition, he Associate Professor of Economics &BA, Mathematics, Rice University also has research interests in measuring deci- MarketingPhD, Industrial Administration, Carnegie Mellon sion performance, revenue management and Professor Miklos-Thal’s research focuses onUniversity information economics. Prior to pursuing his analytical modeling of strategic interactions PhD in information systems, Mantena worked between firms and consumers. Her main areasMITCHELL J. LOVETT as a sales manager for a consumer goods of expertise are (i) vertical restraints, includingAssociate Professor of Marketing multinational firm and founded an aquaculture exclusive dealing and resale price mainte-Professor Lovett’s research develops quan- company in India. nance, and (ii) how marketing decisions affecttitative models of consumers and firms to BE (honors), Electrical Engineering, Birla consumers’ quality perceptions.understand marketing phenomenon. His Institute of Technology and Science (India) Miklos-Thal’s research has been publishedresearch studies targeted advertising, advertis- MBA, Business Management, Indian Institute of or is to appear in the RAND Journal ofing content and schedule choices, online and Management (India) Economics, the Journal of the Europeanoffline word-of-mouth, social media listening, M.Phil, PhD, Information Systems, New York Economic Association, The Economic Journal,and consumer learning. One stream of Lovett’s University Management Science, the Journal of Marketingresearch examines the antecedents and con- Research, Quantitative Marketing andsequences of social engagement and word-of- LAWRENCE J. MATTESON Economics, Games and Economic Behavior,mouth. Recent projects in this stream evaluate Executive Professor of Business Economic Theory, and the International Journalthe relative importance of paid, earned, and Administration of Industrial Organization.owned media in building new entertainment Professor Matteson brings to the Simon School Her main teaching interest lie in pricingbrands, how brand characteristics influence over 25 years of experience in technology and and game theory. Prior to joining the Simonword-of-mouth online and offline, and how manufacturing management and in strategy School, Miklos-Thal taught at the University ofthese two channels differ in their content and development in large corporations. He teaches Mannheim, Germany. She was also a postdoc-use. A second stream of Lovett’s research corporate strategy, competitive strategy, mar toral fellow at the European University Institutefocuses on applying and developing empirical keting strategy and negotiation theory and in Florence, and a visiting scholar at the MITmethods for political marketing. Current proj- practice in both the regular MBA and Executive Sloan School of Management.ects in this stream study the dynamics behind MBA programs. Matteson was previously seniorwhy candidates go negative in their political vice president and manager of electronic Propaedeuse, International Economic Studies,advertising, how candidates can improve their imaging at Eastman Kodak Company, which he Maastricht Universitytargeting of political ads, and the role of social joined in 1965. He holds an MS degree in elec- Propaedeuse, Econometrics, Maastrichtmedia in influencing voter sentiment. trical eng ineering from Rensselaer Polytechnic UniversityLovett’s research has been published in top Institute and received the Hugh H. Whitney MA, Economics, Maastricht Universitymarketing journals including Marketing Science Award for highest academic honors from theand the Journal of Marketing Research; School’s Executive MBA Program in 1979. He DEA, Economic Theory and Econometrics,received research grants and awards, including serves on several boards and is active as a University of Toulouse 1the Institute for the Study of Business Markets’ management consultant. PhD, Economics, University of Toulouse 1Research Grant Silver Medalist Award; and BS, Electrical Engineering, Union Collegegarnered national media attention in relevant MS, Electrical Engineering, Rensselaer DUNCAN T. MOOREtrade publications such as the New York Times, Polytechnic Institute Vice Provost for Entrepreneurship,Ad Age, MSI Insights, and Marketing News. At MBA, Executive Development Program, Rudolf and Hilda Kingslake Professorthe Simon School, Lovett teaches marketing University of Rochester of Optical Engineering, Professor ofresearch and advanced marketing topics and Biomedical Engineering, Professorhas taught advertising and consumer behavior. ANDRÁS MIKLÓS of Business Administration, and AreaHe was the Sheth Doctoral Consortium Fellow Clinical Assistant Professor Coordinator, Entrepreneurshipfor Duke University where he earned his PhD. Professor Miklós has research interests in busi- Professor Moore was appointed vice provost ness ethics, medical ethics and health policy. for entrepreneurship at the University inBA, Mathematics, Economics, German, Ohio Prior to joining the Simon School, he was a 2007. In this role, he oversees the Center forWesleyan University postdoctoral fellow at Harvard University, and Entrepreneurship and managed the KauffmanMBA, Boise State University held fellowships at the European University Campus Initiative ($10.6M over five years).PhD, Business Administration, Duke University Institute, the University of Oxford and the Moore is also the Rudolf and Hilda Kingslake University of Oslo. His research has been pub- Professor of Optical Engineering and professorRAVINDRA N. MANTENA lished or is to appear in Utilitas, Public Health of business administration at the University ofClinical Associate Professor of Computer Ethics and Public Reason. Rochester.and Information Systems From 2002 until 2004, he served as theProfessor Mantena studies economics of digital 54 president and chief executive officer of theand information-rich products. His research Infotonics Technology Center. From 1995 to
Simon Business School Course Catalog 2016-20171997, Moore was dean of engineering and Trefftz Award in 2004 for “An Equilibrium Model ment. He also studies market microstructureapplied sciences at the University. From 1997 of Investment Under Uncertainty.” His “Hot and models and general equilibrium asset pricing.until 2000 he served as associate director for Cold Markets” won the 2010 Mill’s Prize for Orlov’s research has been published in thetechnology, White House Office of Science the best paper in real estate economics. Novy- Journal of Finance and Mathematical Finance.and Technology Policy, Executive Office of the Marx is also a former professional triathlete, aPresident. member of the National Bureau of Economic Mathematics, Moscow State UniversityMoore teaches an entrepreneurship course to Research and taught at the Booth School of Data Analysis, Moscow Institute of Physics anda combined class of engineering graduate stu- Business before coming to the Simon School. Technologydents and MBA’s. PhD, Financial Economics, Stanford Graduate BS, Physics, Swarthmore College School of BusinessBA, Physics, University of Maine at Orono PhD, Finance, University of California–BerkeleyMS, Optics, University of Rochester (Haas School of Business) MICHAEL A. RAITHPhD, Optics, University of Rochester Associate Professor of Economics DAVID J. OLIVEIRI and Management; Area Coordinator,PAUL NELSON Executive Professor of Business Economics & ManagementClinical Professor of Marketing; Faculty Administration Professor Raith joined the Simon School inDirector of MS Marketing Professor Oliveiri has held several executive 2002 and teaches MBA and MS courses in positions over a 30-year career in publishing organizational and competitive strategy, forProfessor Nelson’s teaching and research and law. which he was named to the Teaching Honorinterests are concentrated on the multi-attrib He most recently served as group vice pres- Roll three times. His research interests parallelute model of consumer behavior, brand man- ident of legal education for West Group (an his teaching interests, and include organiza-agement, product positioning and pricing, operating arm of Thomson-Reuters) and presi- tional economics and industrial economics.outsourcing and the Internet. Nelson directs dent of Foundation Press. Professor Raith has worked on pricing strate-the Brand Management Program at Simon. He has held positions as senior vice president gies in the presence of market uncertainty, theHe recently had marketing articles published and publisher, vice president of business devel- effects of financial constraints on firms’ behav-in Marketing Science, Management Science opment, vice president of product systems, ior in product markets, incentive contractingand the Journal of Retailing as well as phi- and general manager/chief operating officer and performance evaluation in organizations,losophy and information systems journals. for various Thomson subsidiaries and operating and the interaction between incentives andHe has served as a reviewer for numerous groups. communication in various organizational situ-journals, including Marketing Science, Man Oliveiri began his career at Lawyers ations. Raith’s work has been published in theagement Science and the Journal of Consumer Cooperative Publishing in Rochester, NY, where American Economic Review, RAND Journal ofResearch. Nelson and his co-author, Dan he was a managing editor, and later, an edi- Economics, American Journal of Economics,Horsky, won the John D. C. Little Award for the torial director. He has also served as general Journal of Economic Theory, Internationalbest paper published in 1992 in Management counsel at Theatre Confections Inc. and was Journal of Industrial Organization, Journal ofScience or Marketing Science, for their paper, assistant counsel at Central Trust Bank. Law, Economics and Organization and Journal“New Brand Positioning and Pricing in an He is a member of the New York State and of Financial and Quantitative Analysis. Prior toOligopolistic Market.” Nelson has also won the Monroe County Bar Associations, Beta Gamma joining the Simon School faculty, Raith taughtFrank M. Bass Award for the best published Sigma, the Scribes Society of Legal Writers, and at the Graduate School of Business of themarketing paper based on a dissertation. Nel the Academy of Legal Studies in Business. He University of Chicago. During 2005–06, heson previously taught at the Krannert Graduate is licensed to practice law before the courts of visited the University of Southern California’sSchool of Management at Purdue University. New York State and the Federal Court of the Marshall School of Business, where he rec eivedHe has been inducted into Beta Gamma Sigma, Western District of New York. a Golden Apple teaching award. In Fall 2011,Omicron Delta Epsilon, Pi Mu Epsilon and Phi Oliveiri is the author of the revised edition of he visited MIT’s Sloan School of Management,Beta Kappa. Nimmer’s Commercial Asset-Based Financing where he taught organizational economics. (Thomson/West), a leading legal treatise. HisBA, Mathematics, Economics and Business, research interests are in the areas of law and Vordiplom, Economics, University of BielefeldMacalester College economics as interrelated disciplines, and in Vordiplom, Computer Science, FernuniversitätMS, Business Administration, University of particular how the legal environment affects HagenRochester comparative advantage. Diplom, Economics, University of BonnPhD, Business Administration, University of PhD, Economics, London School of EconomicsRochester BS, Accounting, University at Buffalo JD, University at Buffalo ROBERT READYROBERT NOVY-MARX MBA, University of Rochester Assistant Professor of FinanceLori and Alan S. Zekelman Professor of Professor Ready’s research interests are inFinance DMITRY ORLOV asset pricing, macrofinance, and internationalProfessor Novy-Marx’s research focuses primar- Assistant Professor of Finance finance. His recent research focuses primarilyily on asset pricing, both theoretical and empiri- Dmitry has research interests in several areas on commodity prices. His current projectscal, though he also works in industrial organiza- of finance and economics including employee include studying how changes in productiontion, public finance and real estate. Novy-Marx performance evaluations, markets for repur- conditions lead to changes in the riskiness ofearned the American Real Estate and Urban chase agreements, and coherent risk measure- commodity derivatives, and examining theEconomics Association Dissertation Award in2005 and the Western Finance Association’s 55
Simon Business School Course Catalog 2016-2017relation between commodity price risk and ber of the ANSI Committee for Programming MA, Univeristy of Colorado, Leads School ofcurrency risk. Language Stand ardization and is a co-author of Business the American National Standards for Informa PhD, Accounting, University of SouthernBA, Economics, Carnegie-Mellon University tion Systems Programming Languages-Fortran. California (Marshall School of Business)PhD, Finance, University of Pennsylvania Professor Schenk is also a member if the International Standards Organization (ISO) as G. WILLIAM SCHWERTRICKY ROET-GREEN part of a sub-committee defining programming Distinguished University Professor andAssistant Professor of Operations standards for Computer-integrated manufac- Professor of Finance and StatisticsManagement turing systems (CIMS) and Computer numerical Professor Schwert has research and teachingProfessor Roet-Green recently completed two control (CNC) interests in portfolio and capital-market theory,postdoctoral fellowships at the University of Professor Schenk is an arbitrator for the corporate finance and control, econometricsToronto in mechanical and industrial engineer- American Arbitration Association and a member and time-series analysis, and in the effectsing at the Centre for Maintenance Optimization of the Financial Industry Regulatory Authority of public regulation on business. From 1978and Reliability Engineering (C-MORE), and in (FINRA) Board of Arbitrators. until 1982, his research was sponsored by theoperations management at the Rotman School National Science Foundation. During 1982,of Management. Her scholarly interests are in BA, Mathematics, University of California he was the first CRSP Distinguished Researchoperations research, operations management, MBA, University of Rochester Scholar at the University of Chicago. Heservice systems, queuing theory, game theory, received a Batterymarch Research Fellowshipand mechanism design. Previously, she was an RONALD M. SCHMIDT for the 1982–83 academic year. In 1990, heinstructor at Tel Aviv University, where she won Janice M. and Joseph T. Willett Professor won the Graham and Dodd Plaque for the bestseveral awards for teaching excellence. of Business Administration for Teaching paper (“Stock Market Volatility”) published in and Service the Financial Analysts Journal, and he wonBA, Economics and Political Science, Tel Aviv Since 1971, Professor Schmidt has served as a a Smith-Breeden Disting uished Paper AwardUniversity member of the faculty and as an administra- for one of the best papers (“Why Does StockMA, Political Science, Tel Aviv University tor. He created the school’s first international Market Volatility Change Over Time?”) pub-MSc., Applied Mathematics, Tel Aviv University program in 1985 by developing an Executive lished in The Journal of Finance.PhD, Operations Research, Tel Aviv University Development (MBA) Program in partnership Schwert has been an editor of the Journ al with Erasmus University in the Netherlands. In of Financial Economics since 1979 and theHUAXIA RUI 1997, he initiated the school’s Coach Program managing editor since 1995. He was an asso-Assistant Professor of Computers and whereby second-year MBAs serve as coaches ciate editor of The Journal of Fin ance fromInformation Systems for first-year teams. 1983–2000, and he is an advisory editor of theProfessor Rui’s research interests include social His teaching areas include managerial econom- Journal of Monetary Economics. His currentmedia, economics of electronic commerce, ics, organizations and corporate strategy. He research deals with the pricing of initial publichealth IT, and contract theory. His current received Superior Teaching Awards from the offerings of stock, the effects of insider tradingresearch focuses on social media analytics, MBA Classes of 1974, 1976, 1983 and 1991. The on the market for corporate control, the effectsonline word of mouth, and online advertising. Executive Development (MBA) Classes of 1984, of anti-takeover devices on takeover activity, 1985 and 1988 also chose him for their superior and on stock market volatility.BE, ME, Control Science and Engineering, teaching award, as did the Rochester-ErasmusTsinghua University MBA Class of 1987 and the Rochester-Nyenrode AB (honors), Economics, Trinity CollegePhD, Information Management, The University Classes of 2000 and 2001. MBA, Finance, Econometrics, University ofof Texas at Austin (McCombs School of His publications include papers on pricing, ChicagoBusiness) regulation, CEO compensation, organizational PhD, Finance, Econometrics, University of design, and economic inequality. His current ChicagoWERNER SCHENK research activities include an examinationClinical Assistant Professor of of CEO pay and the measurement of income ABRAHAM SEIDMANNComputers and Information Systems inequality. Xerox Professor of Computers andProfessor Schenk has professional and teach- He has served as a consultant to several cor- Information Systems; and Areaing interests in computers and information porations. Coordinator, Computers and Informationsystems as applied to end-user computing, Systems, and Operations Managementdocumentation and training, and applications BA, Economics, The Ohio State University Professor Seidmann is the author of over 100development for office and manufacturing MA, Economics, The Ohio State University research articles, which appear in many of theautomation. Prior to joining the faculty, he leading scientific journals, and has been theworked as a principal information specialist and BRYCE SCHOENBERGER founding department editor on interdisciplin-manager of programming services for Xerox Assistant Professor of Accounting ary management research and applicationsCorporation. He now consults independently His research interests lie in financial accounting in Management Science for 10 years. He hason information systems. He was a visiting pro with specific interest in asset impairments, been serving as an associate or area editorfessor of management information systems at option markets, and earnings quality. He holds for IIE Transactions, the International JournalSt. John Fisher College and has held adjunct an active CPA license in Colorado following of Flexible Manufacturing Systems, Productionteaching positions at the Rochester Institute work experience at PricewaterhouseCoopers in Planning and Controls, the Journal of Intelligentof Technology and the State University of the electronic audit support practice. Manufacturing, the Journal of ManagementNew York at Brockp ort. He has been a mem- Information Systems, and Production and 56
Simon Business School Course Catalog 2016-2017Operations Management. His current research MSc, Operations Research, Technion, Israel He has rec eived research grants from theand consulting activities include medical Institute of Technology US National Science Foundation, the Socialinformatics, electronic commerce, online PhD (cum laude), Industrial Engineering, Texas Science Research Council (USA), and the Socialauctions, information systems, health care Tech University Research Council (UK).management, business process design, project Shaffer’s work has appeared in the Americanmanagement and optimal resource allocation, JOEL SELIGMAN Economic Review; Economic Journal; the RANDstrategic manufacturing systems, information President, University of Rochester Journal of Economics; Journal of Economicseconomics, stochastic processes and perfor- Joel Seligman, president of the University of and Management Strategy; Journal of Law andmance modeling for capacity planning and Rochester since July 1, 2005, also holds faculty Economics; Journ al of Law, Economics andpricing. In October 2012 Professor Seidmann positions in the University’s Department of Organiz ation; Journal of Industrial Economics;was named a “Distinguished Fellow” by the Political Science and in the William E. Simon International Journal of Industrial Org anization;Institute of Operations Research and the School of Business. Before he became the Marketing Science; and Management Science.Management Sciences (INFORMS) and the University of Rochester’s tenth president, He received Emerald Management Review’sInformation Systems Society of INFORMS. The Seligman was dean of Washington University’s Citation of Excellence Award as the authoraward was given to Seidmann, in recognition School of Law since 1999. He was dean and of one of the top 50 management articles ofof his contributions to the information systems Samuel M. Fegtly Professor of Law at the 2002.discipline. Seidmann is the first faculty mem- University of Arizona College of Law from Shaffer is a co-editor of the Journal of Ecober at the University of Rochester to win that 1995 to 1999. He also served on the faculty nomics and Mana gement Strategy and anhonor. In October 2011, he also won the WITS at the University of Michigan Law School, ass ociate editor of the Journal of Economics2012 Best Instructional Technology award George Washington University Law School, and and Business. He has served as a visiting schol-for developing the highly interactive www. Northeastern University Law School. A gradu- ar in the two US government antitrust agencies:TradewindBusiness.com business simulation ate of Harvard University, Seligman is one of the Antitrust Division of the US Department ofsoftware. This software has been in use by the nation’s leading experts on securitieslaw, Justice and the Bureau of Economics at thedozens of leading universities around the and is the co-author, with the late Louis Loss US Federal Trade Commission. Shaffer partici-globe. Seidmann has been consulting with and Troy Paredes, of the 11-volume Securities pated in the writing of the 2001 Federal Trademany of the leading industrial and service cor- Regulation, the leading treatise in the field, and Commission’s report on slotting allowancesporations and presented numerous research author of The Transformation of Wall Street: (payments for retail shelf space), and he hasand executive seminars on four continents. He A History of the Securities and Exchange twice given invited testimonyon their com-has won teaching awards from the MBA and Commission and Modern Corporation Finance. petitive effects, serving on a three-memberExecutive MBA classes at the Simon School, He also has served as reporter for the National panel investigating this practice at the Hearingsas well as from the Rochester-Nyenrode Class Conference of Commissioners on Uniform State on Global and Innovation Based Competiof 2003, and the MBA Classes of 1989 and Laws, Revision of Uniform Securities Act (1998– tion (1995) and again at the Federal Trade2009. His research was cited twice on the front 2002); as chair of the Securities and Exchange Commission’s sponsored workshop on slottingpage of The Wall Street Journal, and he was Commission Advisory Committee on Market all owa nces (2000).granted several prestigious prizes at interna- Information (2000–2001); and as a member Prior to joining the Simon School in 1997,tional conferences for publishing outstanding of the American Institute of Certified Public Shaffer taught in the economics departmentsresearch papers in the areas of information Accountants Professional Ethics Executive at Indiana University (Bloomington, Ind.) andsystems, information economics and electron- Committee. He is the author or co-author of the University of Michigan (Ann Arbor, Mich.).ic commerce. These include the Award for 21 books and over 40 articles on legal issues He has held an appointment at Princeton UniBest Research Paper at the 16th International related to securities and corporations. versity’s Woodrow Wilson School, and he hasConference on Information Systems, present- been a visiting scholar in the marketing depart-ed in Amsterdam, the Netherlands. He also AB, Political Science, University of California at ment at Northwestern Univ ersity’s Kelloggwon the best paper award at the 1998 Hawaii Los Angeles School of Management.International Conference on Systems Sciences, JD, Harvard University In addition to his teaching and research dutiesin Kohala, Hawaii. In 1999, the Workshop on at the Simon School, Shaffer has an appoint-Information Systems and Economics gave him GREG SHAFFER ment in the School of Management at thea special award for writing “The Best Paper Wesray Professor of Business University of East Anglia (Norwich, UK). He ison Information Systems and Economics.” He Administration; Professor of Economics also the founder of the Center for Pricing.is currently working with clinical teams from & Management and Marketingthe University of Rochester Medical School, Professor Shaffer teaches the course on BA (high honors), Economics and Mathematics,University of Texas Medical School and John pricing policies to full-time and part-time Swarthmore CollegeHopkins University on the development of inno- MBA students. He has been named to the MA, Economics, Princeton Universityvative ways that leverage on Telemedicine for Teaching Honor Roll numerous times and was PhD, Economics, Princeton Universitytreating various Neurological disorders includ- awarded the Superior Teaching Award froming Acute Migranes and Parkinson Disease the MBA classes of 2001 and 2004. Shaffer’s THOM SHAWusing special protocols and care maps. He also research employs game theoretic models to Clinical Assistant Professor of Businessworks on the www.3rdFriday.com application examine pricing-related issues in IO and anti- Communications and Leadershipthat is designed to match medical students with trust economics. His specialty is in the area of Shaw joins Simon with more than twenty years’the respective medical schools that they plan to vertical restraints, including exclusive dealing, experience as a communications consultantvisit for their residency. bundling, slotting allowances, market-share- and leadership coach with Kenning AssociatesBSc, Industrial and Management Engineering, based contracts and resale price maintenance. and McKinsey & Company. He advises clientsTechnion, Israel Institute of Technology 57
Simon Business School Course Catalog 2016-2017on using communications to support and lead subsequently charged with implementing its International, vice president of the Internationalchange efforts; strengthening performance recommendations for improving the experience Economics and Finance Society, a memberof executives and change leaders; building of new, underrepresented faculty, and strength- of the board of advisors of the Internationalhigh-performance teams; defining targeted ening the capacity of department chairs’ to Association of Financial Engineers, and a mem-messages for important stakeholder groups; lead in diverse academic communities. Before ber of the board of directors of the Financialand synthesizing and presenting insights from coming to Rochester Shuherk established the Management Association and the Southernextensive analysis of complex issues. As a University of Arizona’s Program for Academic Finance Association. He is an advisory editorcoach, he prepares rising leaders for new Leadership, creating seminars, conferences of the Journal of Fin ancial Economics; anresponsibilities through a mix of technical and and consulting services for the UA’s 125 aca- associate editor of the Journal of Risk andadaptive growth, building on theories of mean- demic department heads. Prior to that she was Insurance, Fin ancial Practice and Education,ing-making and adult development. a faculty member at the University of Southern the Review of International Economics, the California’s Marshall School of Business and Journal ofFinancial Services Research, theBA, English, Yale University academic director of its full-time MBA pro- Journal ofDerivatives, and the Journal ofMA, English and American Literature, The gram. As a long-term consultant to the Los Financial Research; a member of the editorialUniversity of Chicago Angeles Times, Carol led development of the board of the Review of International EconomMFA, Creative Writing, Emerson College Newspaper Management Institute, executive ics; and a member of the advisory board of education for 200 mid-level Times managers, the Journal of Applied Corporate Finance,YARON SHOPOSHNIK and collaborated with newsroom leaders to The Financier, Contemporary Finance Digest,Assistant Professor Of Operations create Editing Excellence, leadership education and The Arbitrageur. His paper, “TradingManagement for new editors. She has consulted with firms Cost for Listed Options: The Implications forHe received his PhD in Operations Research ranging from Fortune 50 media conglomerates Market Efficiency” (with Susan M. Phillips), wasfrom the Massachusetts Institute of Technology to family-owned machine shops. awarded the Pomerance Prize for Excellence(MIT) in June 2016. His research interests in Options Research by the Chicago Boardare in stochastic dynamic optimization with PhD, Rhetoric and Communication, University Options Exchange for 1980; his paper, “Onlearning, data analytics, and applications of of Oregon the Convergence of Insurance and Financeoperations research, primarily in health care. Research,” was awarded the Alpha KappaShoposhnik also earned a BS in Information CLIFFORD W. SMITH JR. Psi-Spangler Award by the American Risk andSystems Engineering and an MS in Industrial Louise and Henry Epstein Professor of Insurance Association for 1996.Engineering from Technion–Israel Institute of Business Administration and ProfessorTechnology. of Finance and Economics BA, Economics, Emory University Professor Smith has research interests in the PhD, Economics, University of North Carolina atBS, Information Systems Engineering, Technion- fields of corporate financial policy, derivative Chapel HillIsrael Institute of Technology securities, and financial intermediation. HeMS, Industiral Engineering, Technion- Israel has published 16 books and over 90 articles ERIN SMITHInstitute of Technology in leading finance and economics journals. Assistant Professor of FinancePhD, Operations Research, Massachusetts Students in the Executive MBA Program have In her dissertation, “Do Shareholders WantInstitute of Technology (MIT) given him their Superior Teaching Award 21 Less Governance?” Smith uses over-voting as a times; students in the MBA Program have given novel instrumental variable that increases theCAROL C. SHUHERK him their Superior Teaching Award 16 times. likelihood of passing anti-takeover provisions,Clinical Assistant Professor of Business In 2003, he received the FMA Fellows Award finding that such provisions increase sharehold-Communication by the Financial Management Association er value.Professor Shuherk has extensive experience International. He was named Distinguished She has been awarded the Best Finance PhDin the areas of leadership development and Scholar by the Southern Finance Association in Dissertation in Honor of Stuart Greenbaumorganizational change, in academia and private 2000, and Distinguished International Visiting by Washington University in St. Louis and theindustry. Prior to joining the Simon Business Scholar by the British Acc ounting Association Edwin Elton Prize for Best Job Market Paper bySchool faculty, she was Senior Associate in 1991. In 1986, he was given the first Special New York University, Stern School of Business.Provost for the University of Rochester where Award for a Perfect Teaching Rating by the Smith visited the Securities and Exchangeshe created the first University-wide orien- School; in 1983, he was chosen a University Commission during 2014.tation and career development programs Mentor in recognition of his scholarship andfor new faculty, UR Year One, introduced teaching. BA, Engineering and Economics, Dartmouthleadership education for newly appointed aca- He is currently chairman of the board of Home College.demic department chairs and division chiefs, Properties, a multifamily real estate investment PhD, Finance, New York University (Stern)Conversations in Academic Leadership, and trust (REIT) with operations primarily alongcollaborated with faculty from each of the the East Coast of the United States, and was VERA TILSONUniversity’s seven schools to design the Future formerly chair of the compensation committee, Associate Professor of OperationsFaculty Workshop, aimed at preparing doctoral chair of the governance committee, and lead Managementstudents and post-doctoral fellows for their job director. Professor Tilson’s research interests are insearches and academic careers. She was a Smith has served as president of the Risk health care operations, supply chain man-partner in the work of the University’s Office of Theory Society, president of the Financial agement, and stochastic scheduling. HerDiversity & Faculty Development and a co-in- Management Association National Honor teaching interests are in quantitative businessvestigator/author of its 2010 Diversity Report, Society, vice president for Global Services modeling and in operations management. She of the Financial Management Association 58
Simon Business School Course Catalog 2016-2017has received a superior MBA teaching award, financial economics and information economics, accruals; measuring real activity management;and multiple teaching honor roll recognitions. with a focus on the contractual and institutional the role of management earnings forecastsShe has industrial experience as a software design problems facing financial markets under in the bond market; management cash flowengineer and project manager in telecommuni- asymmetric information. He is also interested in forecasts; information externalities in capitalcations, medical instrumentation, supply chain the history of finance. markets; the determinants of insider tradingsoftware and financial industries. Her research windows; and the role of materiality as a deter-has been published in Management Science, MA, Economics, Collegio Carlo Alberto minant of firms’ disclosure decisions.Operations Research, MSOM, Production and MA, International Relations, University of Recent publications include “Soft-TalkOperations Management Journal, Decision Bologna Management Cash Flow Forecasts: Verifiability,Support Systems, European Journal of PhD, Economics, University of Warwick Credibility, and Stock Price Effects,” forthcomingOperations Research, International Journal of in Contemporary Accounting Research, 2012Production Economics, and other scientific and KENT WALKER and “Information Externalities along the Supplyindustry publications. Senior Lecturer Of Communications Chain: The Economic Determinants of Suppliers’ Walker has taught writing courses in the English Stock Price Reaction to Their Major Customers’SB, Electrical Engineering, Massachusetts department at Brock University in St. Catharines, Earnings Announcements,” ContemporaryInstitute of Technology Canada, and was an English professor at Accounting Research, 2011. Wasley’s researchMS, Applied Mathematics, Colorado School of Niagara College, also in St. Catharines. He also has been published in the Journal of AccountingMines served as a professor and program coordinator and Economics, The Accounting Review, thePhD, Operations Management, Case Western in the English department at Humber Institute of Journal of Accounting Research, the Journal ofReserve University Technology and Advanced Learning in Toronto. Finance, the Journal of Financial Economics, His expertise includes communications and Contemporary Accounting Research, theHEIDI TRIBUNELLA presentation skills, collaboration, networking, Journal of Accounting, Auditing and Finance,Clinical Associate Professor of teambuilding, technology-based instruction, and the Journal of Portfolio Management, and theAccounting; Faculty Director of MS in program and course design and development. Review of Quantitative Finance and Accounting.Accountancy Walker earned a BA in English Language and Prior to his appointment at the Simon School,Professor Tribunella has served as an auditor Literature and MA in English at the University of Wasley was a faculty member at Washingtonfor two national firms, Deloitte & Touche and Western Ontario, and a PhD in English at York University in St. Louis and The University ofPricewaterhouseCoopers LLP. At those firms, University in Toronto. Iowa.she served clients in the health care industryas well as midsized firms. Tribunella, also a BA, English, University of Western Ontario BS, Accounting, State University of New York atNew York State Certified Public Accounta nt, MA, English, University of Western Ontario Binghamtonspent over five years in industry as a manager PhD, English, York University MS, Accounting, State University of New York atof financial reporting for two different health Binghamtoncare companies. Prior to joining the Simon JEROLD B. WARNER PhD, Accounting, The University of IowaSchool faculty, she taught a variety of business Fred H. Gowen Professor of Businessand accounting coursesat various colleges. Administration; Professor of Finance and GERARD J. WEDIGTribunella has an interest in accounting and Area Coordinator, Finance Associate Professor of Businessauditing research and has published articles in Professor Warner has teaching and research Administration; Academic Director ofthe CPA Journal, the Journal of Business and interests in portfolio theory, capital markets, and Health Care ProgramsEconomics Research, the Journal of College corporate finance. He is currently an associate Professor Wedig’s research interests involve theTeaching and Learning, The Review of Business editor of the Journal of Financial Economics. application of corporate finance, governance,Information Systems, and the Accounting He is a former member of the faculty of the organizational economics and incentives toInformation Systems Educator Journal. University of Chicago Booth School of Business. the health care industry. He has studied theTribunella has received Best Paper Awards investment and financing decisions of hospi-at the International Business and Economics BS, Economics, University of Pennsylvania tals and nonprofit entities, incentive paymentResearch Conference and the Accounting MA, Operations Research, Yale University systems for physicians and hospitals, and aInformation Systems Educators’ Conferences. MBA, Economics and Finance, University of variety of other issues in health economics, Chicago including the incentive effects of Medicare andBS, Accounting, State University of New York at PhD, Economics and Finance, University of Medic aid payment systems on costs, insuranceGeneseo Chicago coverage and charity care. His current researchCertified Public Accountant, New York State focuses on the organizational economics of theLicense CHARLES E. WASLEY managed care industry. Wedig’s publicationsMS, Accountancy, State University of New York Professor of Accounting; Area have app eared in The Journal of Finance, theInstitute of Technology Coordinator, Accounting Journal of Business, the Review of Econ omics Professor Wasley’s teaching interest is the and Statistics, the Journal of Health Econ omics,GIULIO TRIGILIA financial reporting area. His research interests Health Affairs, Medical Care Research andAssistant Professor of Finance encompass the role of accounting information Review and other journals. In addition, he hasTrigilia received his PhD in Economics from in capital markets. He currently serves as an been the recipient of num erous research grantsWarwick University in June 2016. He also associate editor of the Journal of Accounting from the Centers for Medicare and Medicaidobtained a Master in Economics from Collegio and Economics. His current research focuses on Services (formerly HCFA) and the Robert WoodCarlo Alberto in 2010, and a Master in the rational pricing of earnings, cash flows, and Johnson Foundation.International Relations from the University ofBologna in 2009. His scholarly interests are in 59
Simon Business School Course Catalog 2016-2017Wedig teaches courses in organizational eco JASON XIAO Zimmerman’s current research includes:nomics as well as the corporate finance and Assistant Professor of Accounting “Corporate Governance Myths: Comments ongovernance of health care organizations. He Xiao earned his PhD from the University of Armstrong, Guay, and Weber,” with James A.has consulted to numerous medical organi- Pennsylvania Wharton School in 2016. His Brickley (Journal of Accounting and Economics);zations including hospitals, HMO’s, physician research interests are in corporate gover- “Unintended Consequences of Granting Smallgroups, pharmaceutical firms and consulting nance, executive compensation and incen- Firms Exemptions from Securities Regulation:firms on issues of health care finance. Prior tives, and disclosure. Xiao also holds an Evidence from the Sarbanes-Oxley Act,” withto joining the Simon School, Wedig taught at MA in Statistics from Wharton, and a BS in Feng Gao and Joanna Shuang Wu (Journal ofBoston University’s School of Mana gement, Business Administration with a double major in Accounting Research); and “The Joint Effects ofthe Wharton School at the Univ ersity of Penn Accounting and Economics from The Ohio State Materiality Thresholds and Voluntary Disclosuresylvania, and Indiana University’s Kelley School University. Incentives on Firms’ Disclosure Decisions,” withof Business. Shane Heitzman and Charles Wasley (Journal of BS (Summa Cum Laude), Business Accounting and Economics).BS (summa cum laude), Economics, Washington Administration, The Ohio State University The sixth edition of Managerial Econ omicsUniversity (St. Louis) PhD, Accounting, University of Pennsylvania and Organizational Architecture by JamesMA, Economics, Harvard University (The Wharton School) A. Brickley, Clifford W. Smith Jr. and Jerold L.PhD, Economics, Harvard University Zimmerman was published by McGraw-Hill/ CHENYU YANG Irwin in 2015. Brickley, Smith, Zimmerman andKURT WOJDAT Assistant Professor Of Economics and Janice Willett authored a popular version of thisClinical Assistant Professor of Management text entitled Designing Organizations to CreateAccounting Yang received his PhD from the University of Value published by McGraw-Hill in 2003. TheProfessor Wojdat gained public accounting Michigan in 2016. His primary fields of interest seventh edition of Zimm erman’s textbook,experience working for two years as an auditor are industrial organization, innovation and Accounting for Decision Making and Control,with Peat Marwick and Mitchell. A certified applied econometrics. His research focuses was published by McGraw-Hill in 2011.public accountant, he spent five years at on how market structures affect innovation, Zimmerman is a founding editor of the JournalWarner Lambert engaged in internal auditing, product positioning, pricing and welfare. He of Accounting and Economics. He was also acost accounting, financial analysis and treasury is particularly interested in the smartphone distinguished faculty member of the Americanactivities. He then performed financial planning and telecommunication industries. Yang also Accounting Association’s Doctoral Consortium,and analysis functions at Xerox Corporation for earned a BA in Mathematics from Gustavus and a visiting professor at Chinese University ofthree years. After receiving his doctoral degree, Adolphus College. Hong Kong, Hong Kong University of Sciencehe taught at Syracuse University for one year and Technology, Hong Kong University, andbefore joining the Simon School faculty. BA, Mathematics, Gustavus Adolphus College Hong Kong Polytechnic University. He was on the PhD, Economics, University of Michigan board of directors of IEC Electronics and on theBS, Accounting, State University of New York at company’s audit and compensation committees.Albany JEROLD L. ZIMMERMANMBA, Finance, University of Rochester Ronald L. Bittner Professor of Business BS (cum laude), Finance, University of ColoradoPhD, Accounting, University of Buffalo Administration and Professor Emeritus PhD, Business Administration, University of of Accounting California at BerkeleyJOANNA SHUANG WU Professor Zimmerman’s research and teach-Susanna and Evans Y. Lam Professor of ing interests involve financial and managerialAccounting accounting. In 2004, he and Professor Ross L.Professor Wu’s research spans the areas of Watts (at MIT) received the American Accountinginternational financial reporting, the behavior of Association Seminal Contribution to thefinancial analysts, management compensation, Accounting Literature Award, the most presti-voluntary disclosure, and mutual fund perfor- gious research award in the field of accounting.mance. Her work has been published in the They received the American Institute of CertifiedJournal of Accounting and Economics, Journal Public Accountants Award in 1979 and 1980 forof Finance, Journal of Accounting Research, their joint papers. Zimmerman was the 1978 win-and The Accounting Review, among others. ner of the Competitive Manuscript Award, spon-She has been named to the Simon School sored by the American Accounting Association,Dean’s Teaching Honor Roll numerous times. for his paper, “The Costs and Benefits of CostProfessor Wu is an editor of the Journal of Allocation.” The Watts/Zimmerman research,Accounting and Economics. which has come to be called “positive theories of accounting,” seeks to understand the costsBA, International Economics, Beijing University and benefits of various accounting procedures.MA, Economics, Tulane University He and Watts co-authored a book, PositivePhD, Business Administration, Tulane University Accounting Theory, published by Prentice-Hall in 1986. 60
Simon Business School Course Catalog 2016-2017VISITING FACULTY ADJUNCT FACULTY Prior to Bowthorpe, Gilbert served as corporate vice president and division president for MiltonGREGORY H. BAUER DANIEL J. BURNSIDE Roy Company, a mid-sized NYSE company, andVisiting Assistant Professor of Finance Lecturer in Finance held several senior leadership roles for BauschProfessor Bauer is assistant director and Dan is director of quantitative research at & Lomb, Inc., concluding with becoming a divi-research adviser in the Financial Markets Rochester money manager Clover Capital sion president for the company. Gilbert startedDepartment at the Bank of Canada. At the bank, Management. He has held various roles in the his commercial career at Ernst & Young in Newhe is responsible for managing a group of nine investment, risk management and financial York City in its public accounting and manage-PhD researchers who specialize in analyzing planning fields, and has worked extensively ment consulting groups.fixed income and foreign exchange markets. In with both individual and institutional clientele. In 1992, Gilbert was given the Simon Schooladdition, he coordinates the department’s annu- His teaching goal is to provide students with Distinguished Alumnus Award.al research workshops. the knowledge to bridge the gap between theHis main area of research is international acad emic theories and the practitioner world of BS, Accounting (Honor Society), The Ohio Statefinance. He has published papers in the Review money management. Universityof Economic Studies, the Journal of Financial Burnside is a chartered financial analyst (CFA) MBA, Finance, Applied Economics, University ofEconomics, the Journal of Econometrics and the and a certified financial planner (CFP). RochesterJournal of International Money and Finance, aswell as in several policy-oriented journals. He is BS, Engineering, Cornell University HARRY HOWEcurrently working on incorporating macroeco- MS, Engineering, Cornell University Lecturer in Accountingnomic factors into term structure models using MBA, University of Rochester “I have a particular passion for the Financialhigh frequency data. PhD, Engineering and Mathematics, Cornell Statement Analysis course. It’s the courseBauer holds the Chartered Financial Analyst University that tells the finance concentrators where the(CFA) designation. Prior to obtaining his doctor- numbers come from, and where they shouldate, Bauer was a foreign exchange trader at the BARRY A. FRIEDMAN be skeptical or critical of the information pro-Bank of Canada and a macroeconomist at the Lecturer in Economics and Management vided in the 10-K’s. It’s the course that tells theOntario Ministry of Finance. Bauer is a four-time Professor Friedman’s professional interests accountants how the numbers they producewinner of the Superior Teaching Award from the inc lude leadership, management effective- are going to be used – what matters to theSimon MBA program and a multiple winner of ness, human resource management, and consumer. And it’s the course that bringsawards from the Executive MBA program. organizational behavior. His corporate expe- elements of accounting, finance and strategy riences include Xerox, ExxonMobil and Harris together into a new whole. I think it’s one of theBA, Applied Economics, University of Waterloo Interactive. He has published over 80 confer- most important courses in the whole businessMA, Economics, Queen’s University ence and journal articles in such journals as curriculum.” Howe has received several awardsMA, Finance, University of Pennsylvania the Journal of Applied Psycholo gy, Personnel for teaching, active learning, scholarship andPhD, Finance, University of Pennsylvania Psychology, Industrial Relations, and the service. He continues active board service with(Wharton) Journal of Educational Administration. He has the Rochester FEI and NYSSCPA chapters, is taught in Singapore, Germany China, Japan, a past president of the Northeast AAA regionSHIMING FU and Turkey. and a 2011 inductee to its Hall of Fame. PriorVisiting Assistant Professor of Finance to entering graduate school Howe worked inProfessor Fu is visiting Simon from the Fuqua BS, Psychology and Political Science, University the construction and commercial real estateSchool of Business at Duke University, where he of Rochester industries. Howe’s avocational interests includerecently completed a PhD. His research interests PhD, Industrial and Organizational Psychology, bicycle touring, history and foreign travel. Heare in financial economics, corporate finance, The Ohio State University is married to the photographer Lauren Howe,and dynamic contracting. and their two sons are Benjamin (Captain in the W. BARRY GILBERT USMC) and Noah (Congressional intern).BA, Economics, Nankai University Executive Lecturer in BusinessMS, Economics, Arizona State University Administration and E-Commerce Harry Howe has twenty years of experience asPhD, Finance, Fuqua School of Business at Duke Mr. Gilbert recently served as CEO and chair- an accounting instructor at both graduate andUniversity man of the board of IEC Electronics Corpo undergraduate levels. He has taught all the ration and has served on a number of advisory courses in the financial accounting sequence boards. and, SUNY Geneseo (where he holds the rank He served as president of the Thermal of Professor) Howe developed the Financial Management Group of Bowthorpe Plc. from Statement Analysis course and has taught that 1991 until 1999, where he had responsibility numerous times. His other teaching assign- for eight manufacturing locations in the U.S., ments have included AIS, Strategy, Finance and Mexico, Hong Kong, Malaysia, England, Italy sections of the Western Humanities course. and Germany. Howe’s research has addressed issues in business valuation (his PhD dissertation area), financial reporting for employee stock options 61
Simon Business School Course Catalog 2016-2017and pedagogy. He co-authored two volumes RAMI KATZ ROBERT M. PLACEin the BNA Policy and Practices series and Lecturer in Entrepreneurship Lecturer in Business Lawa text on IT auditing published by Wiley. His Rami Katz is the Chief Operating Officer for Mr. Place has been a practicing attorney for 32papers and case studies have been widely Excell Partners, a VC fund that invests in high- years and utilizes this experience in teachingpresented in conferences and have published tech startups in New York State focused on for the University of Rochester. He taught socialin The Journal of Legal Economics, The Journal Upstate NY. Rami manages Excell’s due-dili- studies at the junior and senior high schoolof Business Valuation and Economic Loss gence and investment processes, managing a level for four years before attending law schoolAnalysis, Issues in Accounting Education, The team of venture analysts. Post investment, Rami at Syracuse University.Journal of Accounting Education, The CPA takes an active role with the fund’s portfolio He was a partner in the law firm of Place &Journal, Simulation and Gaming and other companies as a member of the board of direc- Arnold, a general practice which representedjournals. tors as well as by providing executive mentor- local municipalities, real estate, matrimonial, ing to the management team. bankruptcy and estate clients. His varied legalBA, Brown University Prior to joining Excell, Rami played an active experience gives students a practical under-MBA, Union College role in commercializing new technologies, as standing of business law.PhD, Union College an entrepreneur, investor and a consultant AS, Liberal Arts, Monroe Community College working with regional incubators, entrepre- BS, US and European History, SUNY College atRICHARD C. INSALACO neurs and researchers to develop business OneontaLecturer in Finance plans that secured over $40M in funding. MS, Social Science Education, SUNY College atMr. Insalaco is the senior investment officer Oneontaand assistant treasurer in the University of MBA, University of Rochester JD, Syracuse UniversityRochester Investment Office, which manages JD, Tel-Aviv Universityand invests the University’s endowment and MICHAEL RIEDLINGERaffiliated funds as well as the University’s oper- GREGG LEDERMAN Lecturer in Entrepreneurshipating capital. Mr. Insalaco’s areas of responsibil- Lecturer in Marketing Mr. Riedlinger is currently Program Manager fority include multi-strategy hedge funds, private Mr. Lederman is the founder of Brand Integrity Technology Commercialization and Manager ofequity, venture capital, distressed debt, fixed Inc. and co-creator of the Achieving Brand the Rochester BioVenture Center for High Techincome, cash funds, and risk management; he Integrity™ process. With over 15 years of expe- Rochester where he runs several programsalso has responsibility for managing and invest- rience as a business and marketing strategy throughout Upstate New York for entrepreneur-ing the University’s operating capital. He joined professional, Lederman is an entrepreneur who ial ventures in biotechnology, medical devices,the University in 2007, after serving as a senior has owned and operated several businesses sustainable energy, optics, and web/mobilefinancial analyst and trader at the New York in the Rochester area prior to founding Brand applications.Federal Reserve Bank, where he worked on the Integrity Inc. He also serves as a board member for DGOpen Markets trading desk, from which the Fed Brand Integrity focuses on facilitating senior Tech Investors, Inc., the Business Incubatorimplements monetary policy. In that capacity, management teams to achieve alignment and Association of New York State and the Industrialhe provided advice to senior Federal Reserve consensus in regards to an “ultimate business Advisory Board of the Cornell Center forand treasury officials on macroeconomic issues strategy,” the brand strategy, and creating Materials Research.and market developments, and oversaw the actionable ways to live it internally through Prior to joining HTR, Riedlinger was a co-found-Open Market Desk’s customer trading opera- people and processes. Brand Integrity Inc. er of Diffinity Genomics, Inc. which commercial-tions. Prior to this, Mr. Insalaco briefly worked works with leadership to achieve employee ized technology from the U of R Departmentas an investment banker in the financial insti- “buy-in” to the brand strategy to ensure sound of Chemistry for applications in the life sciencetutions group at Smith Barney. He began his execution and to establish accountability for industry. Diffinity Genomics was sold to acareer as a corporate and securities attorney performance, which in turn leads to increas- multi-national organization and now functionsin San Francisco, where he practiced for seven es in employee productivity, loyalty among as part of Chiral Technologies. Mr. Riedlingeryears before returning to academia to attend existing customers, and greater sales to new also co-founded and served as president ofbusiness school. customers. Lederman has crafted and imple- NaturalNano, which went from start-up conceptMr. Insalaco is a Chartered Financial Analyst mented organization-wide and product-spe- to a publicly-traded firm under his manage-(CFA) and a member of the Rochester CFA cific brand strategies with many of today’s ment. The company developed technologiesSociety. He is also a member of the California, leading companies including Wegmans Food based on naturally occurring materials withNew York, and New Jersey bars, and is the Markets Inc., Hallmark Cards Inc., Erickson nanoscale attributes that were adapted for spe-co-author, with (former) US Senator Peter Communities, PAETEC Holding Corp., Corning cialty cosmetics, polymers, and nanocompositeFitzgerald, of Note, “Denying the Crime and Incorporated, Duke Energy, Frito-Lay and the applicationsPleading Entrapment: Putting the Federal Law American Red Cross. His consulting firm, Technology Sales andin Order” in the University of Michigan Journal Throughout the year, Lederman delivers Licensing Services, has provided support toof Law Reform. Mr. Insalaco serves on several keynote interactive presentations at various entrepreneurs and organizations throughoutnon-profit boards in Rochester. conferences across the country. Lederman is the Finger Lakes Region since 2002. ProjectsBA (Magna Cum Laude, Phi Beta Kalla), Political a board member with the Learning Disabilities included market assessments for new technol-Science, University of Rochester Association, the Genesee Valley Trust Advisory ogies in sustainable energy and manufacturingJD and MBA, University of Michigan Board, and the Simon School Alumni Council. practices, applications for new materials in medical devices and new market opportunity BS, Ithaca College School of Business development for mid-sized businesses that MBA, University of Rochester 62
Simon Business School Course Catalog 2016-2017faced declining revenues in existing markets. ing the core competencies and capabilities BBA, Accounting, Niagara UniversityAdditional experience includes roles as man- to better meet the evolving technical require- Certified Public Accountant, New York Stateaging director of VitalWork, an organizational ments of its clients. Licensedevelopment firm, and sales and marketing Tobin & Associates Inc. was a seven-time recip- MBA, Accounting, Rochester Institute ofroles for computer software development ient of the Rochester Top 100 Award and also Technologyservices and consumer products at Metamor received the Quality First Award from Eastman PhD, Information Science, State University ofSoftware Solutions, Selectronics, and Kodak Company. Tobin & Associates Inc. was New York at AlbanyMicrolytics. also awarded the Empire State EmployerBFA, Rochester Institute of Technology Recognition Award, earning statewide praise MARK W. WILSONMBA, Finance and Accounting, University of for its proactive employment efforts on behalf Lecturer in EntrepreneurshipRochester. of physically challenged individuals. In addition Mr. Wilson founded Initiatives Consulting LLC to his business and education pursuits, Tobin is in 1997 to help clients turn technical ideasPAUL F. SHANAHAN very active in the Rochester community. He was into new products and companies. InitiativesLecturer in Business Law an inaugural member of the Entrepreneurial Consulting, LLC has created business plans,Mr. Shanahan is a lawyer admitted to practice Partnership of Nazareth College. He is past marketing support, and road show coachinglaw before all federal and state courts in New president of the Small that has been instrumental in starting sixYork State and the District of Columbia. He Business Council of the Greater Metro companies, raising several million dollars ofmaintains an active statewide practice with Rochester Chamber of Commerce, past board seed money, and launching four new medicalemphasis on commercial and civil litigation. president of the Rochester Rehabilitation devices; including most recently a proprietaryShanahan has published various articles in Center and past president of Prevention syringe-product and a device to reduce cathe-the Albany Law Review and the International Partners, a drug use prevention and education ter-related blood stream infections.Practitioner’s Notebook. He has lectured agency. Since 2004, Wilson’s training company (www.extensively to legal and professional groups, He is currently Board President at Coordinated neworks.biz) has taken nearly 500 teamsspeaking on a number of topics concerning Care Services, Inc. and a board member of through an intense workshop to jump-startthe civil justice system. Shanahan has served the collaboration project. He is also a member their technology-based product ideas. Thisas an arbitrator for various legal disputes. His of the Advisory Board of Teen Empowerment. program has launched well over 100 pre-seedresearch interests include the role of legal reg- Tobin was named Small Business Person of stage companies out of university researchulation in reducing systemic risk to the financial the Year by the Small Business Council of and patents which have gone on to collectivelysystem. He has taught at Simon continuously the Greater Metro Rochester Chamber of raise over $100 million in equity funding. (www.since 1984. His excellence in teaching includes Commerce and Citizen of the Year by the preseedworkshop.com).election by his students to the Simon Teaching Penfield (NY) Lions Club. With diverse roles prior to Initiatives in productHonor Roll. design, process engineering, optical tooling,Shanahan is a three-time recipient of the BA, Sociology, Seton Hall University lean manufacturing and automation, Wilson hasPresident’s Distinguished Service Award by been involved in the creation and launch of fivethe New York State Trial Lawyers Association. THOMAS TRIBUNELLA new medical device platforms currently gener-He is a founding member of the New York Lecturer in Accounting ating more than $1 billion in annual sales. As aTrial Lawyers Academy and a member of the Professor Tribunella’s teaching and research part-time academic, Wilson is driven to simplify,American Board of Trial Advocates. He has interests are in the fields of accounting and quantify, and systematize the fuzzy-front-end ofserved as both an officer and director of the information systems. He has published papers innovation.New York State Trial Lawyers Association. related to markup languages such as XML and BS, Mechanical Engineering, RensselaerShanahan’s community service has included XBRL, open source accounting systems, and Polytechnic Instituteserving as a trustee of the Manlius Pebble Hill technology’s effect on productivity. He has also MS, Mechanical Engineering, RensselaerSchool and as a guest commentator for the won four best paper awards at academic con- Polytechnic InstituteRochester Democrat & Chronicle, the Rochester ferences. Examples of his publication appearBusiness Journal, and the Rochester Daily in the following outlets, among others: JournalRecord. of Information Systems, The CPA Journal, The Review of Business Information Systems,BS (cum laude), Management Law and Journal of Global Information Management andEconomics, Rensselaer Polytechnic Institute Journal of Business and Economics Research.JD, Albany Law School of Union University Tribunella worked in industry as an auditor(Member, Albany Law Review ) and accountant before beginning a career in academia. He has been on the faculty atBOB TOBIN the Rochester Institute of Technology, SUNYLecturer in Entrepreneurship Institute of Technology, SUNY Oswego andPrior to his appointment at the University of SUNY Geneseo. He is currently teachingRochester, Mr. Tobin was president and CEO of Accounting Information Systems, ManagementTobin & Associates Inc., an information technol- Information Systems, Auditing and Informationogy services firm that was established in 1987. Systems, and Cost Accounting.Over the next 20 years, the company grewfrom six employees to over 140, while extend- 63
Simon Business School Course Catalog 2016-2017ADMISSIONS AND FINANCIAL AIDSimon Business School encourages applica- PROFESSIONAL MBA (PMBA) AND PART- Houses and orientation sessions.tions from men and women with diverse edu- TIME MScational, professional, cultural, and geographic The Simon Professional MBA (PMBA) program APPLICATION PROCEDURESbackgrounds. This rich mix of educational is designed for students working full time. Applications must be complete before beingbackgrounds and experiences greatly enhanc- The PMBA program offers a partial lock-step, considered by the Admissions Committee.es classroom interaction and social life at the cohort-style experience, in which teams of A complete application consists of the follow-School. students take six of the nine core courses ing: together in a structured sequence. StudentsCRITERIA FOR SELECTION will also take 11 electives to complete any • the online application form, including essays;The selection process emphasizes evaluating desired concentration(s). If students complete • an uploaded, scanned, official transcript fromthe applicant as an individual and determining two classes per quarter, they typically complete each college attended (undergraduate andpotential contributions to Simon and to the their degrees in two-and-a-half years. Need- graduate);world’s business community. The Admissions and merit-based scholarship opportunities are • at least one and no more than two online let-Committee looks carefully for predictors of available for the PMBA program. tersof recommendation;success in both the academic setting and The criteria for admission are the same for full- • a non-refundable application fee;the business world. In selecting students, the time and Professional MBA and part-time MS • a current résumé;committee considers the following criteria: students. Applicants to the Professional MBA • Uploaded scanned official scores reportedevidence of leadership and initiative, the nature and Part-time MS program may matriculate in from the Graduate Management Admission Testand scope of prior work experience, teamwork the fall or spring quarter. Application instruc- (GMAT) or Graduate Record Exam (GRE);and communication skills, undergraduate tions and deadlines can be found on the Simon • Uploaded scanned Test of English as agrade-point average, GMAT or GRE score, website. Foreign Language (TOEFL) or IELTS for inter-recommendations and the applicant’s career Students interested in the Professional MBA national applicants who are non-native Englishfocus. The applicant is encouraged to prepare or Part-time MS program may take up to two speakers (see details in the Online Applicationa careful and thoughtful application. non-matriculated courses before formally available through our Website) applying to the program. Course optionsPREPARATION FOR GRADUATE STUDIES are: STR 401 (Managerial Economics), ACC MBA or MS applicants are expected to applyApplicants from all undergraduate majors are 401 (Corporate Financial Accounting), CIS 401 online through our website at simon.rochester.considered for admission to the MBA program. (Corporate Financial Accounting), MKT 402 edu/applynow. Additional details on the admis-MS degrees in some areas may have specific (Marketing Management) and FIN 402 (Capital sions process and requirements are availablecourse or major prerequisites. Check our Budgeting and Corporate Objectives). by reviewing the application.website at simon.rochester.edu for details. Grades received in non-matriculated coursesUndergraduate backgrounds of current MBA automatically become part of the application INTERVIEWSstudents are distributed across business, for students who plan to matriculate into the The Admissions Committee may requestengineering/math/sciences, economics, and part-time programs. Professional MBA and an interview with prospective candidates.other social sciences and the humanities. The Part-time MS students who complete the two Applicants selected for an interview will becurriculum is designed to be managed suc- non-matriculated courses with a grade-point notified by the Office of Admissions after acessfully by students without prior business average of 3.3 or higher will not be required to preliminary review of his or her application.coursework. However, for applicants planning take the GMAT or GRE. The non-matriculated The interview is regarded as an important two-to take additional courses prior to entering courses may be started during any quarter. way communication channel for both SimonSimon, economics, accounting, and statistics The Office of Admissions offers day and eve- Business School and the applicant. U.S.-basedare recommended. An elementary knowledge ning appointments for part-time applicants candidates are expected to visit campus forof calculus is required. desiring admissions counseling. Additionally, their interviews. A video interview is available quarterly Open Houses are offered to provide for candidates outside of North America.FULL-TIME MBA PROGRAM prospective students with more informationOur Full-Time MBA students begin in August about the School. CAMPUS VISITSeach year and complete the first year during All part-time students must complete an orien- Prospective MBA and MS students are stronglythe fall, winter, and spring quarters. Most tation/registration session prior to beginning encouraged to visit Simon. First- and sec-Full-Time MBA students complete a summer classes at Simon. We offer one evening session ond-year Admissions Ambassadors conductinternship between their first and second year prior to the start of each quarter for students individual tours of Schlegel and Gleason Hallsof study and have curricular flexibility to pursue interested in the non-matriculated option. and the University of Rochester campus. Theyone or more concentrations during their time Students matriculating into the Professional also escort visitors to classes, treat them toat Simon. MBA or Part-Time MS program will attend a full- lunch and provide information about the Simon day orientation in the fall or spring quarter of experience from a student perspective. VisitsFULL-TIME MS PROGRAMS matriculation. The orientation provides details usually include an interview with a memberOur full-time MS programs are one year of on Simon and University of Rochester student of the Admissions staff. To make the most offocused study in an area of business. Designed services, and the transition into business your visit, it is recommended that visits befor early career professionals, students can school, while allowing the student to complete scheduled between Monday and Thursd ay,choose from a number of concentrations, course registration. Please refer to simon. when classes are in session. We will make anincluding: Accountancy, Business Analytics, rochester.edu/ptevents for dates of the Open attempt to accommodate those who request toFinance, and Marketing Analytics. 64
Simon Business School Course Catalog 2016-2017visit on Friday, provided that sufficient notice is STUDENT OWNERSHIP OF LAPTOP (585) 275-3226given for this preference. We also encourage COMPUTERS (REQUIRED) (800) 881-8234 (toll free within the U.S.)candidates to consider a visit during one of It is required that students acquire a laptopour campus visit events. Scheduling priority is computer to support their course work and pro- INTERNATIONAL FINANCIAL AIDgiven to those candidates who have already gram preparation. It is the responsibility of each OPPORTUNITIESsubmitted an application to the Simon School student to acquire one; equipment will not be The organizations listed below offer financialand who have been invited to interview by the supplied to students. assistance to international students.Admissions Committee. However, the Office of Students who purchase computers may include American Association of University WomenAdmissions will consider all req uests to visit, the cost when calculating their eligibility for (AAUW) International Fellowshipsprovided a current résumé and GMAT/GRE/ loan programs.TOEFL/IELTS scores are submitted at the time AAUW Educational Foundationof the request. MERIT-BASED FINANCIAL AID 1111 Sixteenth Street, NW The Simon School assists qualified full-time stu- Washington, D.C. 20036INTERNATIONAL STUDENTS dents in financing their management education (800) 326-2289The interactive MBA and MS programs in and has been relatively generous in awarding (202) 785-7700Rochester rely on the breadth of experience merit-based scholarships to those who show aauw.orgof its students. The international student pop- promise of achieving excellence at the Schoolulation adds an especially valuable dimension and in their careers. In awarding merit-based Edmund S. Muskie/FSA Graduate Fellowshipto discussions on current business practices in aid, primary emphasis is given to academic American Councils ACTR/ACCELSa global marketplace. Applicants from outside excellence, professional development and 1776 Massachusetts Avenue, NW,the U.S. are expected to be comfortable with demonstrated qualities of leadership. Suite 700conversational English since active participation These awards are renewed in the second year, Washington, D.C. 20036both in and out of the classroom is integral to provided first-year academic performance has Contact: Andrew Segarssuccess at Simon. been satisfactory. Consideration for Simon (202) 833-7522 School merit-based financial aid does not americancouncils.orgTRANSFER CREDIT require a separate application.Students may petition to receive transfer credit Financial aid for international students is avail-for graduate courses taken at other universities able, but competitive and candidates mustwithin five years of the date of matriculation to consider the costs of financing academic studySimon. A maximum of three courses (nine credit in the United States. International students arehours) may be transferred to the MBA program. also encouraged to investigate funding sourcesA maximum of two courses (six credit hours) in their home countries as early as possible.may be transferred to an MS program. Studentstaking approved courses for transfer credit LOAN PROGRAMSto Simon must earn a grade of ‘B’ or better in The University of Rochester administers thethose courses. Requests for transfer of course full range of federal and private financial aidcredit are made by submitting a petition for programs. International students may borrow,transfer credit to the associate dean for MBA provided they have a co-signer who is a citizenprograms. Only petitions from students already or permanent resident of the United States.matriculated into a program will be considered. To apply for student loans, students should sub-Course des criptions and syllabi must be sub- mit a Free Application for Federal Student Aidmitted as part of the request. (FAFSA). To receive a timely response, a com-Because of the integrated nature of the cohort pleted FAFSA should be on file in the Universitysystem, no transfer credit is granted for core of Roche ster Financial Aid Office at least 12courses for full-time students. Part-time stu- weeks prior to the start of the quarter in whichdents, however, may petition for the transfer of a student intends to enroll. The University ofcore courses. Grades for transferred courses Rochester requires parental information ofare not calculated into a student’s cumulative dependent students only.GPA. There is a $600 course-transfer fee for Simon also offers an International Student Loaneach course taken outside the University of Program to eligible Full-Time MBA students thatRochester and transferred for credit to the does not require a US co-signer. Contact theSimon Business School. An official transcript is Simon MBA Admissions office for more details.required for credit to be awarded. For further information on student loans, please contact:EXPENSES University Financial Aid OfficeTuition and fees for the 2016-2017 academic Box 270261year is based upon the program that a student University of Rochesterchooses to attend. Please refer to the Bursar Rochester, N.Y. 14627-0261office website for more information. 65
Simon Business School Course Catalog 2016-2017Institute of International Education 2016-2017 SIMON BUSINESS SCHOOL COURSE CATALOG809 United Nations PlazaNew York, N.Y. 10017-3580 The information contained in the 2016–2017 Registrar’s Office(212) 883-8200 Course Catalog is current as of January 2017. Phone: (585) 275-3533www.iie.org Provisions of this publication are not to be Fax: (585) 271-3907 regarded as an irrevocable contract between E-mail: [email protected] Rotary Foundation the student and the William E. Simon School ofAmbassadorial Scholarship Business. Simon Business School reserves the Office of Student EngagementRotary International right to make changes in its course offerings, Phone: 585.275.8163One Rotary Center degree requirements, regulations and proce- Est-umdaeinl:[email protected] Sherman Avenue dures, and fees and expenses as educationalEvanston, IL 60201 and financial considerations require.(847) 866-3000www.rotary.org Simon encourages the application of all quali-Contact: [email protected] fied persons interested in the study of manage- ment at the master’s and doctoral levels. The University of Rochester values diversity and is committed to equal opportunity for persons regardless of age, color, disability, ethnicity, gender identity or expression, genetic information, marital status, military/veteran status, national origin, race, religion/creed, sex, sexual orientation, or any other status pro- tected by law. Further, the University complies with all applicable non-discrimination laws in the administration of its policies, admissions, employment, and access to and treatment in University programs and activities. Questions on compliance should be directed to the particular school or department and/ or to the University’s Intercessor, University of Rochester, P.O. Box 270039, Rochester, NY 14627-0039. Phone: (585) 275-9125. CONTACT INFORMATION: 66
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