The Towson University College of Business and Economics has once again maintained its accreditation from the prestigious Association to Advance Collegiate Schools of Business (AACSB) International. The AACSB International recognizes 650 business schools in 50 countries and territories worldwide, but less than one percent of all business schools worldwide possess accreditation for both business and accounting programs.
The Towson University College of Business and Economics is one of such programs.
“It takes a great deal of commitment and determination to earn and maintain AACSB accreditation,” said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. “Business schools must not only meet specific standards of excellence, but their deans, faculty, and professional staff must make a commitment to ongoing continuous improvement to ensure that the institution will continue to deliver the highest quality of education to students.”
Towson University is the only University System of Maryland institution with AACSB Accreditation for both programs.
“We are committed to providing an exceptional academic environment for students focused on applied learning while fostering high-quality research among our distinguished faculty,” said Dean Shohreh Kaynama. “AACSB accreditation is important to us not only because it seals our dedication to our mission and principles, but ensures to the rest of the world our commitment to strive for continuous improvement and excellence.”
Towson University Economics Professor Juergen Jung was featured in the New York Times on April 29 in the "Room for Debate" section, which highlighted differing viewpoints on the Occupational Safety and Health Administration (OSHA).
The federal agency is under scrutiny after a deadly explosion at a fertilizer plant in West, Texas earlier this month. The Times piece features viewpoints from different experts.
Jung coauthored a portion of the debate, titled "What OSHA Doesn't Inspect," with colleague Michael Makowsky, an assistant professor in the Department of Emergency Medicine and the Center for Advanced Modeling at Johns Hopkins University.
Here is an excerpt from the article:
"The American workplace is safer than ever, something attributable to a host of factors, OSHA included. That said, in the long run tragedies like the West Fertilizer Company explosion might be better prevented by an OSHA that is independent in its mission, less connected to its territory and more random in its targets."
Towson University's chapter of Beta Gamma Sigma inducted 82 new members into the international honor society on April 23.
The new members were welcomed into the chapter at an induction ceremony at West Village Commons on Towson's campus.
"You students are the best of the best," said Dean Shohreh Kaynama addressing the inductees and their guests. "Through your academic accomplishments you have demonstrated the values of Beta Gamma Sigma — honor, wisdom and earnestness."
Beta Gamma Sigma is the honor society serving business programs accredited by AACSB International — the Association to Advance Collegiate Schools of Business. Membership in Beta Gamma Sigma is the highest recognition a business student anywhere in the world can receive in a business program accredited by AACSB International.
The Towson University chapter is among 525 college and university chapters worldwide. TU’s chapter received the Business Achievement Award in 2005 and the Outstanding Chapter Award in 2002 and 2001.
Towson University has become the latest university to be welcomed into the CFA Institute University Recognition Program. The College of Business and Economics' bachelor’s degree in business administration with a concentration in finance has been acknowledged as incorporating at least 70 percent of the CFA Program Candidate Body of Knowledge (CBOK) and placing emphasis on the CFA Institute Code of Ethics and Standards of Practice within the program. This program positions students well to obtain the Chartered Financial Analyst® designation, which has become the most respected and recognized investment credential in the world.
Entry into the CFA Institute University Recognition Program signals to potential students, employers, and the marketplace that Towson University’s curriculum is closely tied to professional practice and is well-suited to preparing students to sit for the CFA examinations. Through participation in this program, Towson is eligible to receive a limited number of student scholarships for the CFA Program each year.
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and administers the industry gold standard CFA charter.
A team of four College of Business and Economics students placed second—and was awarded $2,000—at the fifth annual Berg Cup case study competition, a nationally renowned event that was held last weekend at the University of Pittsburgh.
The Towson group was one of just eight teams—each comprising four undergraduate students—to participate.
Meredith Walter, an e-Business and Business Administration major, was one out of ten students chosen to represent Towson University at the Colonial Academic Alliance (CAA) conference in Delaware in April 2013. Meredith will be presenting her project titled "How SMEs use SEO (Search Engine Optimization) to Compete with Larger Firms on the Internet," advised by e-Business Professor Stella Tomasi, Ph.D.
The CAA was founded by the provosts of the institutions of the Colonial Athletic Association, which includes The University of Delaware, Drexel University, George Mason University, Georgia State University, Hofstra University, James Madison University, University of North Carolina Wilmington, Northeastern University, Old Dominion University, Towson University and The College of William and Mary. This conference is an excellent opportunity for undergraduate research students from these institutions to present the results of their research.
Towson Enactus, an innovative student organization focused on social impact, placed second at the sixth annual Business Ethics Case Competition at Mount St. Mary’s University in Emmitsburg, Md., on March 8.
College of Business and Economics students Gerald Avery, Sandrine Emambu, Winta Tedros and Biruk Lulseged, represented the Towson Enactus group at the event. The team competed against four other universities, including Mount St. Mary’s, and gave presentations on an ethical dilemma involving outsourcing. The students won $200 for placing second.
Nearly 100 Baltimore County high school students will be treated to professional workshops, mock interviews and other career resources at the annual Academy of Finance Student Conference on March 15 on Towson’s campus.
Financial guru, author, and CBE adjunct professor Tim Maurer will share his advice on the importance of balancing professional and financial goals with
personal values as the keynote speaker.
Co-hosted by the Towson University College of Business and Economics since 2009, the event welcomes students from in the Academy of Finance program at Randallstown, Overlea and Lansdowne high schools each year.
CBE students also take part in the event overseeing the mock interviews and other presentations.
Originating from the National Academy Foundation, the Academy of Finance is a co-curricular program for high school students interested in business, economics and finance. The program incorporates various experiential learning opportunities for students inside and outside of the classroom.
A team of four CBE students will represent Towson University at the fifth annual Berg Cup case study competition at the University of Pittsburgh in March.
Hosted by the University Of Pittsburgh chapter of Phi Beta Lambda and the David Berg Center for Ethics and Leadership, the competition's semi-finals will be held March 22 through 24. Meredith Walter, Shaun Kravitz, An Tran and Sandrine Emambu, all members
of Towson’s Project Management Association, qualified for the semi-finals in February.
The team will compete with seven other teams of undergraduate students from across the country. On Feb. 28, teams will be presented with a case study involving ethical dilemmas in business provided by the Berg Center. The team that best analyzes and provides a solution to the case in March will receive $4,000 with the second place team taking home $2,000.
The University of Baltimore/Towson University online MBA program is ranked among the nation’s best, according to the U.S. News & World Report annual list of Best Online MBA Programs.
Administered jointly by UB’s Merrick School of Business and Towson’s College of Business and Economics, the MBA offers nine specializations and four dual degree programs and is the only in Baltimore to be accredited by the AACSB.
PNC Bank will serve as the presenting sponsor for the College of Business and Economics' 2013 Associate competition. Laura Gamble, PNC Bank’s Regional President of Greater Maryland will serve as the leading judge, traditionally called the "Donald" after Donald Trump.
As Regional President of Greater Maryland, Gamble is responsible for PNC's corporate bank, commercial bank, wealth management and institutional investment business development across the region. Before joining PNC in April 2012, she was founding partner of Skipjack Partners LLC, a women-owned business consulting firm. Prior to Skipjack Partners, Gamble spent more than 20 years in banking, the most recent seven years as President, Bank of America, Maryland. In addition to her role as Maryland President, she led a variety of businesses within Bank of America in commercial banking, treasury management and wealth management.
Gamble has been recognized as one of the Top 100 Women in Maryland in 2007 and
2003 as well as a Most Influential Marylander in 2008 and a member of
Baltimore's power 20 in January 2009.
The Associate is CBE’s signature case competition modeled after NBC’s reality show The Apprentice. Each year, eight graduating seniors from the CBE are selected to compete in weekly presentations to local companies for the chance to win a job offer with the presenting company. This year, however, participating candidates will have other opportunities to be rewarded for their work. The first four candidates to be let go from the competition will each receive $500 scholarships, while the second, third and fourth-place candidates will received $1,000 scholarships.
The competition kicks off Feb. 12 at 5 p.m. in Stephens Hall, room 216.
How entrepreneurship has fared in Maryland during the recession and the effects of mobile technologies on banking in the state are just two of the issues tackled in the 2013 Baltimore Business Review now available online and in print.
With in-depth articles from both faculty members and industry professionals, the journal provides insight on business issues facing the State of Maryland. This marks the fourth year the College of Business and Economics has collaborated with the CFA Society of Baltimore to produce this valuable resource. The journal has gained attention for its unique collaboration and contributions to the business environment in Maryland.
This year’s Baltimore Business Review is coedited by assistant finance professors Michaël Dewally, Ph.D., and Yingying Shao, Ph.D., CFA, along with CFA Society of Baltimore board members Niall O’Malley, MBA, and Farhan Mustafa, CFA.
Towson University's economics department was ranked 24th out of 533 economics programs nationwide that offer a bachelor's degree as its highest degree for the number of pages published in top-ranking economic journals by faculty. The rankings were published in the Southern Economic Journal. In Maryland the program was ranked 4th out of 17.
Tim Sullivan, Chair and Professor of the Department of Economics, will receive the President’s Award for Distinguished Service to Towson University at the winter 2013 commencement ceremony on Jan. 6. Sullivan is the 33rd recipient of the president’s award.
Sullivan’s service to the College of Business and Economics, the Department of Economics and Towson University spans three decades. He has repeatedly demonstrated his dedication and service through his involvement in campus governance and participation on key committees at both the college and university levels.
The College of Business and Economics is thrilled to announce its schedule of signature events for students this fall. These events are great opportunities for students to not only gain insight and knowledge about personal and professional growth, but to meet and network with professionals from the local business and nonprofit communities.
Fall 2012 event schedule:
Creating a LinkedIn Account, Sept. 26, 12 p.m.-2 p.m., Stephens Hall, Room 213
Susan G. Komen Race for the Cure, Oct. 21, 8 a.m., Hunt Valley, MD
Social Media Etiquette, Oct. 22 at 5 p.m., Stephens Hall, Room 310
Women in Leadership, Nov. 1, 5-6:15 p.m., Stephens Hall, Room 310
Bingo Night, Nov. 7, 6:30 p.m., Stephens Hall, Room 310
Maryland Food Bank Volunteer Day, Nov. 16, 9 a.m.-12 p.m.
Each term, the College of Business and Economics hosts numerous events to give students a chance to grow academically and professionally.
Members of the Towson University chapter of Beta Alpha Psi represented the College of Business and Economics at the international business fraternity’s annual meeting Aug. 2 through 4 in Baltimore.
The students, Colin Murphy, Kevin Morgan, Kirk Solomon, Mark Olyshko, Rohan Dangi, Simisola Olabisi, Ursule Essangabela, Mike Fields along with their faculty adviser Arundhati Rao participated in workshops as well as a community service project for Project Homeless Connect (PHC) alongside fellow Beta Alpha Psi members from across the world and officials from the city of Baltimore including Mayor Stephanie Rawlings Blake.
Fields was selected as one of 30 students out of 60 applicants to participate in “Project Run with It,” a case competition dealing with fundraising for Montgomery County, Md.-based nonprofit Identity, Inc.
“This was a very exciting meeting and excellent networking opportunity for all of us,” says Rao. “We are very excited about starting the new school year and implementing everything we learnt at the meeting."
On Sept. 6, the College of Business and Economics will celebrate its most innovative addition to date at the Grand Opening Celebration and Ribbon Cutting Ceremony for the T. Rowe Price Finance Laboratory.
Located on the first floor of Stephens Hall, this state-of-the-art lab provides the same technology and software used by Wall Street's top trading firms. With features like a Bloomberg data stream, students will get hands-on experience simulating stock trades and valuing complex securities.
The ribbon cutting will take place at 5:30 p.m. on the first floor of Stephens Halls. Guests will have an opportunity to tour the lab and watch demonstrations by students from the Towson University Investment Group. Light refreshments will be provided at a reception following the ceremony in Stephens Hall Room 310.
MentHER, the College of Business and Economics' cross-peer mentoring program connecting high school seniors, college women and career professionals, has received a $2,500 grant from the nonprofit organization Network2000. The grant will go towards expanding and introducing new activities for the program, which started in 2010. Each year, the program selects six female students in the CBE to network with women professionals. In turn, the women and students give workshops on pursuingacademic and career success at Baltimore City high schools.