2013-2014
VILLANOVA SCHOOL OF BUSINESS
DEAN’S REPORT
VSB SEEKS TO DEVELOP BUSINESS LEADERS FOR A BETTER WORLD. We do this through the promotion of academic excellence; a focus on building a strong community of faculty, staff, students and alumni; opportunities for students to serve others; and student services and programs that provide a student experience like no other. We continue to succeed in cultivating creative problem solvers, and we do so by subscribing to the values that are outlined adjacently. In this report, you will see how we have executed these values over the last academic year.
Patrick G. Maggitti, PhD The Helen and William O’Toole Dean Villanova School of Business VILLANOVA SCHOOL OF BUSINESS
VSB VALUES We provide Vi l l a nova Stud e nts w i th an experi e nce that i s unr i va l e d . We champion our wo r l d - cl a ss fac ul ty a nd e nco urag e t heir leadership, me nto r shi p and sc ho l a r shi p. We offer t he best -in-cl ass stud e nt se r v i ce s w i th exce p ti o na l st aff to assist st ud e nts b o th o n- c amp us and o f f. We provide pers o na l i ze d atte nti o n that e nab l e s st udent s to ca p i ta l i ze o n the i r uni q ue g i f ts. We maint ain ce nte r s o f exce l l e nce to f ur the r connect t he o r y to re al -wo r l d p ra cti ce. We st rategically d e p l oy e - l e a r ni ng to g i ve stud e nts highqualit y and conve ni e nt o p p o r tuni ti e s to l e a r n. We provide st ate- o f - the - ar t fac i l i ti e s to e q ui p o ur communit y wit h the to o l s i t ne e d s to f l o ur i sh. We help e ac h stud e nt succe e d i n following his o r he r c ho se c ar re e r p ath. We st rengt hen t he p o si ti o n o f the Vi l l a nova Sc ho o l o f Business among t he to p - ra nke d scho o l s i n the nati o n. Toget her we, g ra d uate the c re ati ve p ro b l e m solvers t he wo r l d so d e sp e rate l y ne e d s. Every day. In eve r y p o ssi b l e way. We develop busine ss l e ad e r s fo r a b e tte r wo r l d ÂŽ .
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HIGH-ACHIEVING UNDERGRADUATE PROGRAM The high demand for a place in VSB is reflected by the greater than ten to one ratio of undergraduate applicants to new student enrollment spaces. The table below provides a profile of students who were admitted and enrolled in fall 2013. VSB continues to attract very capable, high-quality students.
CLASS OF 2017 Applicants
Enrollment
4068 415 Mid-range SAT
Mid-range GPA
1250-1410 3.71-4.08 VILLANOVA SCHOOL OF BUSINESS
STUDENTS
VSB attracts high-achieving students at both the graduate and undergraduate level.
GRADUATE PROGRAMS We continue to see high demand for our graduate business programs. We launched our online MBA and Master of Science in Analytics (MSA) programs this year, and welcomed our first classes.
ONLINE MBA The online MBA has exceeded expectations in popularity. The inaugural class is a diverse group of 47 students from 13 different states. Our online graduate students have an average of nine years of work experience representing some of the nation’s top companies such as Bristol Myers Squibb, Dannon Company, Goldman Sachs, Ernst & Young, JP Morgan & Chase Co., Merck, Wells Fargo and Verizon Wireless.
ONLINE MSA The first online MSA class is comprised of 20 students from 10 different states including Pennsylvania, New York, New Jersey, California, West Virginia, North Carolina, South Carolina, Maryland, Utah and Washington. These students come with experiences with companies like PricewaterhouseCoopers, Deloitte & Touche, AIG, The Boeing Company and many others
ONLINE MBA ONLINE MSA
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ENHANCED STUDENT VILLANOVA WOMEN’S PROFESSIONAL NETWORK The Villanova Women’s Professional Network (VWPN) was formed within VSB and includes various women’s initiatives and support from across the University, including all of the other colleges as well as alumnae and students. The committee sponsors and supports events designed to connect Villanova women and encourage their professional growth and development. The VWPN sponsored several events including industry roundtables, notable speaker Pamela Ryckman, who authored Stiletto Network: Inside the Women’s Power Circles That Are Changing the Face of Business, alumnae planning meetings in Boston and New York, student and alumnae workshops, the Women in Business Conference and several other events.
VILLANOVA SCHOOL OF BUSINESS
MENTOR PROGRAM The Clay Center at VSB implemented a pilot Mentor Program, which paired VSB sophomore women and VSB alumnae volunteers to provide an opportunity for the exchange of ideas and information about professional, interpersonal and career-related issues, as well as to build a bridge between the classroom and the business world. Stemming from the success of the VWPN’s engagement of alumnae, more than 100 sophomores were matched with alumnae, and two events during the academic year brought students and mentors together. The mentorship program underscores the importance and strength of the extended Villanova community. It also gives our alumnae an outlet for serving our undergraduate population as they navigate their futures. Plans to expand the program to include male students are underway.
T EXPERIENCE DIGITAL MEDIA STUDIO VSB opened a digital media studio that accommodates produced lecture recording for distance learning and augmented course content, media relations and flipped classroom delivery models. This space is open for the entire University community to use.
CLASSROOMS OF THE FUTURE One of our goals was to build a Technology Center on the first floor of Bartley Hall. The Technology Center opened in the fall of 2013 and is a popular space for classes, group work and study time. The center supports collaborative work spaces, touch screens and BYOD-ready displays. These allow working groups to display content wirelessly from a laptop or mobile device. The room is lecture-capture capable and also supports live streaming and remote viewing of classes.
VSB continually advances the student experience. In just the past year, we’ve developed multiple new student support services.
ST. THOMAS OF VILLANOVA SCHOLARS PROGRAM Over the past few years, diversity of the incoming VSB undergraduate class has increased (this includes first generation students), but we continue to struggle with retention of these students. The Clay Center partnered with the Office of Institutional Advancement and Center for Multicultural Affairs to offer a summer program modeled after the successful University St. Thomas of Villanova Scholars program (STOVS). This year—in addition to the three-week college prep math course that took place in July—the eight participating VSB students also enrolled in a credit-bearing microeconomics course. VSB STOVS students also participated in workshops to help them adjust to the academic and social life on campus. They also learned and practiced networking skills through a career panel, networking receptions, an etiquette dinner and a visit to the EY offices in Philadelphia.
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INVESTMENTS IN VSB & THE STUDENT EXPERIENCE VSB GENERATED UNPRECEDENTED PHILANTHROPIC INVESTMENT Fundraising activities resulted in a total of $67.5 million in gifts and pledges, highlighted by transformative gifts from James C. Davis ’81 VSB, James V. O’Donnell ’63 VSB, Robert F. Moran ’72 VSB and Daniel M. DiLella ’73 VSB. Received as part of the University’s $600 million
comprehensive capital campaign, “For the Greater Great™: The Villanova Campaign to Ignite Change,” these four commitments are focused solely on giving VSB students the gift of an educational experience that is unlike any other.
OUTREACH & ENGAGEMENT MEDIA ATTENTION
BUSINESS LEADERS FORUM
The VSB Office of Communication and Marketing promotes
VSB held its fourth annual Business Leaders Forum with
the scholarship and expertise of our faculty, as well as the
the theme “Collaborate to Compete.” It brought together
many success stories of our students and alumni. During the
over 200 high-level executives who are members of VSB’s
past twelve months, VSB has achieved over 1500 media hits,
eight advisory councils as well as other key partners. The
which translates into over 1.8 billion media impressions.
keynote speaker was Bill McDermott, co-CEO of SAP AG,
This has included prestigious outlets like Forbes, Bloomberg
who discussed collaboration, leadership and innovation.
Businessweek, The Chronicle of Higher Education, ABC News,
Among other panels and speakers, students and faculty
CNN Money and The Wall Street Journal.
were highlighted for their successes igniting change through
GIVING BACK VSB continues to emphasize the Augustinian values of service to others by hosting its third annual VSB Day of Service for faculty and staff. Members of the VSB community and their family members spent time making and delivering meals to St. John’s Hospice. In addition, the team also collected items across campus for recycling.
VILLANOVA SCHOOL OF BUSINESS
collaborative initiatives including launching their own businesses and completing successful service learning projects.
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WORLD-CLASS F THIS PAST YEAR, WE WELCOMED THREE EXCEPTIONAL NEW FACULTY MEMBERS:
YOON-NA CHO, PhD Dr. Cho joins the Marketing Department as assistant professor. She earned a BS in marketing and international business from the University of North Carolina, Greensboro, an MS in consumer behavior from Purdue University and a PhD in marketing from the University of Arkansas. Her research interests include sustainability issues, embodied cognition, services marketing and cross-cultural consumption. Dr. Cho’s research has been published in leading journals such as Journal of Business Research and Journal of Marketing Theory and Practice, and one of her publications won a Best Paper Award from the Journal of Consumer Affairs.
DENISE HANES, PhD The Accounting Department added a new assistant professor, Dr. Hanes ’05 VSB, ’08 MA, who completed her PhD at Bentley University. Dr. Hanes previously worked at PwC in the firm’s assurance practice, and in 2009 was selected by the AICPA Foundation as one of thirty national recipients of the Accounting Doctoral Scholars Fellowship. Her research interests are auditor judgment and decision making. For her research, Dr. Hanes has received several grants including PwC INQuires Grant (2012) and the Center for Audit Quality Research Grant (2012). Dr. Hanes received the Bentley Innovation in Teaching Award in 2012.
ALICIA STRANDBERG, PhD Dr. Strandberg ’03 MS, assistant professor of management and operations, earned a BA from Rutgers University, an MS from Villanova and a PhD from the Fox School of Business at Temple University. Her research interests include nonparametric tests, robust methods, time series and stock market data. Previously she worked as an analyst at Towers Perrin, an adjunct faculty member at Strayer University and Saint Joseph’s University, and assistant professor at Temple University. Dr. Strandberg’s accolades include the Fox Crystal Apple Award for Excellent Teaching and Contribution to the School, the Innovation in the Use of Technology in the Classroom Award and the Biostatistics Research Center of Temple University Joseph Heyse Publication Award.
VILLANOVA SCHOOL OF BUSINESS
FACULTY
At VSB, we work to strengthen faculty quality through a focus on recruiting, retaining and supporting the best teacher-scholars available.
NEW VICE DEAN NAMED DANIEL WRIGHT, PhD, associate professor in and chairperson of the Management and Operations Department, assumed the role of Vice Dean of the Villanova School of Business. As vice dean, Dr. Wright consults and assists the dean in providing oversight and strategic vision on all matters related to VSB faculty, academic programs and accreditation.
OUTSTANDING SCHOLARS AND TEACHERS VSB continues to recognize the importance of
The William J. O’Neill Faculty Award is given to an
outstanding scholars and quality teaching by annually
exceptional adjunct faculty member, and the 2014
providing research and teaching awards to the faculty.
recipient was Jeanne M. Liedtka.
Two faculty members received The McDonough
Steve Stumpf, PhD, professor, management and
Family Faculty Awards – Ronald P. Hill, PhD the
operations and the Fred J. Springer Chair in Business
Richard J. and Barbara Naclerio Endowed Chair in
Leadership, received the Daniel J. O’Mara Award for
Business, and Stephen Mahar, PhD, associate professor
teaching at the graduate level.
of management and operations. These awards are given to faculty for their outstanding research. Stephen Mahar, PhD was also named The Barbara and Richard J. Naclerio Scholar in Analytics.
Sue Metzger, instructor of management information systems, was awarded the Gerald A. Dougherty Endowed School of Business Faculty Award. Jim Reaves from management and operations won the
Julie Pirsch, PhD, assistant professor of marketing and
University’s Pohlhaus-Stracciolini Award for outstanding
business law, received the Thomas J. Carmody Jr. Faculty
teaching performance.
Award, given to a faculty member who is exceptional at transitioning theory to practice in the classroom.
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CURRICULAR INN VSB recognizes the importance of curricular innovations that respond to and anticipate changing business and pedagogical trends. This year we launched the following new learning opportunities:
REAL ESTATE INTERNSHIP COURSE
BACKPACK-TO-BRIEFCASE
as Equus Capital Partners, Ltd; CB Richard Ellis; KPMG;
This course allows students to seek employment with an approved firm in the area of Commercial Real Estate through which they will gain training, instruction and supervision. The DiLella Center for Real Estate has been successful in placing students with regional and national companies, such
As part of our continuing evolution of this ground-breaking
Brandywine Realty Trust; Jones Lang LaSalle; Bank of
program, we successfully launched a one-credit sophomore
America; Precision Realty Group; and Capital One Bank.
seminar. It covers topics such as interviewing skills, the internship/job search process, business ethics, networking and business etiquette.
NEW MBA COURSES Two courses were added to the MBA curriculum. The Valuation Issues in Accounting course teaches
GLOBAL LEADERSHIP FELLOWS (GLF) PROGRAM
how certain accounting issues impact firm value. In
Managed through the Center for Global Leadership, the
on how firms should manage risk in a business.
GLF program graduated its first class in May 2014. This program provides a select group of incoming VSB students with an opportunity to integrate global leadership throughout their undergraduate experience. Three graduating seniors were recognized in May as the inaugural Global Leadership Fellows.
VILLANOVA SCHOOL OF BUSINESS
addition, the Business Risk Management course focuses
NOVATION A NEWLY DESIGNED EXECUTIVE MBA CURRICULUM
INTERNATIONAL DEVELOPMENT & SUSTAINABILITY
The newly designed Executive MBA curriculum refreshes
This course uses a hybrid classroom experience,
older couses and introduces several new courses. In addition,
including lectures and a seminar format, to introduce
students now have the opportunity to customize their
multidisciplinary learning. Topics in engineering, business
degree with elective offerings. All course materials including
management, environmental science and nursing are
lectures, instructional videos, books, readings, assignments
selected to create a foundation for understanding problems
and program information are available online for 24/7 access
related to international development and sustainability.
from anywhere. Students can use Adobe Connect for remote
Multidisciplinary teams are created to focus on a
student meetings between in-class weekends.
particular issue related to water supply projects in developing countries and opportunities for field
In addition to innovations within VSB, we also expanded cross-disciplinary learning opportunities with other colleges within the University.
INTRODUCTION TO ENTREPRENEURSHIP The existing course was redesigned and opened up to students across all Villanova colleges. The course covers the process of starting a new business including business models and plans, legal and HR issues, product design, supplier relationships and business growth.
related experiences.
THE ART OF VALUE INVESTING This course is open to students from all colleges as part of the Honors program, and is co-taught with our faculty and industry experts. The course draws upon the experiences of prominent value investors.
PERSONAL FINANCE This course is designed to enhance students’ financial literacy by providing them with personal finance life skills. VSB was able to open this course to all Villanova juniors and seniors.
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OVER THE PAST YEAR VSB EMBARKED ON AN AMBITIOUS EFFORT TO EXPAND DISTANCE LEARNING OPTIONS. WE LAUNCHED TWO NEW GRADUATE ONLINE PROGRAMS – the online MBA program
and the online Master of Science in Analytics (MSA) program. These new programs are offered in addition to the partially online Master of Accountancy and fully online Master of Science in Church Management programs.
THE ONLINE MBA is a new addition to VSB’s highly-ranked part-time MBA program. Students will now have the option to complete the Villanova MBA in one of three program tracks – the Online Track, the Flex Track or the Fast Track. With the online MBA, students earn the very same Villanova MBA – with the same curriculum, taught by the same faculty – in a convenient and flexible online format. It also includes a residency in the first or second semester and an international immersion trip to an emerging market.
THE ONLINE MASTER OF SCIENCE IN ANALYTICS PROGRAM is VSB’s newest graduate business offering and is available in an online format only. It is designed to expose students to the whole analytics continuum from data collection through analysis through implementation and use. It teaches students critical analytics skills and transforms them into business analysts prepared to assist organizations in developing and sustaining a unique competitive advantage. “The MSA program was specifically designed to provide the knowledge and skills needed to become a professional analyst,” said Matthew Liberatore, the John F. Connelly Chair in Management and Director of VSB’s Center for Business Analytics. “It addresses how to identify, capture, process and analyze the data needed to gain key insights that will enable organizations to improve their processes and decision making.”
“
WE HAVE A GREAT BRAND, A GREAT REPUTATION, AND WE CAN PROVIDE A GREAT OPPORTUNITY FOR MORE PEOPLE WHO OTHERWISE WOULDN’T HAVE THIS CHANCE. – PATRICK G. MAGGITTI, PhD
The Online MBA Comes of Age - Delta Sky Magazine, May 2014
VILLANOVA SCHOOL OF BUSINESS
”
DEAN’S REPORT
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A WORLD OF OPPORTUNITY The Villanova University Career Center released the Class of 2013 Placement Report. The report reflects career placement statistics six months after graduation.
VSB STUDENTS CONTINUE TO FARE EXTREMELY WELL IN THE JOB MARKET
99.7%
OF JOB-SEEKING STUDENTS SECURED FULL-TIME EMPLOYMENT WITHIN SIX MONTHS OF GRADUATION.
VSB Class of 2013 Average Starting Salary
$55,000
OUR STUDENTS ARE BEGINNING THEIR PROFESSIONAL CAREERS AT COMPANIES LIKE: Barclays Capital Citigroup Comcast
VILLANOVA SCHOOL OF BUSINESS
GE Goldman Sachs EY
PwC The Vanguard Group Johnson & Johnson
NATIONAL RANKINGS VSB’s academic programs have received national recognition for excellence.
BLOOMBERG BUSINESSWEEK
#24
#12
UNDERGRAD BUSINESS SCHOOL
IN THE NATION
ACADEMIC
QUALITY
#19
PART-TIME
MBA PROGRAM IN THE NATION
U.S. NEWS & WORLD REPORT
#17 #11
ONLINE GRADUATE PROGRAM
IN THE NATION
STUDENT SERVICES & TECHNOLOGY
DEAN’S REPORT
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Left to right: Patrick G. Maggitti, PhD, the Helen and William O’Toole Dean of the Villanova School of Business, The Rev. Peter M. Donohue, OSA, PhD, ‘75 CLAS, President of Villanova University, and William R. McDermott, CEO of SAP AG and a member of Dean Maggitti’s advisory council. VILLANOVA SCHOOL OF BUSINESS
JOIN THE CONVERSATION! Keep in touch with us through social media – LinkedIn, Facebook and Twitter. On Twitter, you can follow Dean Maggitti (@VSB_Dean) and VSB (@VU_Business).
DEAN’S REPORT
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