2014 Belk College Annual Report

Belk College Annual Report 2013-2014 This report covers the period between July 2013 to June 2014 belkcollege.uncc.edu

2013-2014 | Belk College Annual Report  1

UNDERGRADUATE HIGHLIGHTS

Belk College Annual Report 2013-2014 UNDERGRADUATE ENROLLMENT 2013-2014 Total:

3,230

Total number of bachelor’s degrees conferred Male:

2013-2014:

451

Female: Total:

362

813

DEGREE AND MAJORS Bachelor Bachelor

of Science in Accounting (B.S. degree) of Science in Business Administration (B.S.B.A. degree)

1

Finance with concentrations in Finance, Finance/ Accounting, or Risk Management and Insurance

4

Management Information Systems

2

International Business

5

Marketing

3

Management

6

Operations and Supply Chain Management

Bachelor

of Science in Economics (B.S. degree)

COST OF EDUCATION Undergraduate degree program academic year tuition and required fees (for ACADEMIC YEAR only)

2013:

In-state: $

6,107

Out of state:

$18,636

INTERNSHIPS AND JOBS The fourth class of undergraduate students in the Bank of America/ UNC Charlotte Applied Technology Program graduated in 2014.

The placement rate for students in the Finance-Risk Management and Insurance program is 95-100% within 90 days of graduation.

Full-time job and internship opportunities for undergraduate students have been established with employers including: Bank of America Belk, Inc. Wells Fargo TIAA-CREF Duke Energy Lowe’s

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SABIC Innovative Plastics Charlotte Motor Speedway Vanguard Charlotte Hornets (formerly Bobcats) Liberty Mutual

2013-2014

Target BB&T Citco Fund Services Novant KPMG Grant Thornton

belkcollege.uncc.edu

Belk College Annual Report 2013-2014

T he average GPA for Business Honors Program

representing seven different majors in the Belk College.

students at the end of Spring 2014 was 3.72. This is the same average for the University’s Levine Scholars, and several students have participated in both programs.

1 4 students graduated with Business Honors in 2013-14.

G raduating seniors earned an average GPA of 3.75

G raduating seniors accepted job offers from

companies such as Bank of America, TIAA-CREF, PwC, Vanguard and SABIC. B HP increased enrollment by more than 50% from 2012-2013.

STUDENT CENTER FOR PROFESSIONAL DEVELOPMENT This is the second year of operations for the Student Center for Professional Development (SCPD) to help undergraduate students develop personal success and professional development skills. The Center offered a variety of services to undergraduate students including:

Networking for Business Success Business Etiquette Career Discovery Resume Building Interview Preparation Corporate Field Trips

Guest speakers from Bank of America BB&T Belk Choice Translating CREW Northwestern Mutual

DIVERSITY OF UNDERGRADUATE PROGRAMS Total Enrollment American Indian or Alaska Native Asian Native Hawaiian or Pacific Islander Black or African American Hispanic/Latino White Two or More Races Race and Ethnicity Unknown Total U.S. Citizens and permanent residents Nonresident Alien/Other Country of Origin Total

belkcollege.uncc.edu

11 203 7 455 268 1,929 89 93 3,055 175 3,230

Target TQL Wells Fargo University Career Center Office of International Programs Ernst & Young

64% FACT: 153 students participated in an internship for credit in 2013-2014, and even more students had an internship without credit during the academic year or summer.

64% of internships for credit were paid.

2013-2014 | Belk College Annual Report 3

UNDERGRADUATE HIGHLIGHTS

BUSINESS HONORS PROGRAM

GRADUATE PROGRAM HIGHLIGHTS

Belk College Annual Report 2013-2014 MASTER OF SCIENCE IN MATHEMATICAL FINANCE

MASTER OF SCIENCE IN ECONOMICS

(collaborative with the College of Liberal Arts & Sciences)

T he Master of Science in Mathematical Finance program

was restructured extensively in 2012-2013 to respond to the future trends in the field and the regional needs for skills and knowledge of our graduates. The new curriculum consists of three concentrations in Computational Finance, Risk Management, and Financial Data Analytics in line with the current needs in the industry.

L ocated in the second largest financial center in the U.S., graduates develop highly specialized skills to position them in the financial services arena.

Students

in this program develop comprehensive FACT: economic analysis skills The Babson and contribute to Capital/UNC Charlotte Economic management positions Forecast provides a in leading companies quarterly update on and organizations. As economic performance part of a dual-degree and projections for partnership, two students the State of North Carolina. from the program spent the academic year at the Copenhagen Business School.

Master in Economics enrollment Master of Math Finance enrollment

2013-2014:

FT: 70

PT:

34

Master of Math Finance degrees conferred

2012-2013:

Total: 43

MASTER OF SCIENCE IN REAL ESTATE T his program offers unparalleled opportunities among top real estate finance, development and construction companies. Being part of an urban research FACT: business school, all first-year MSRE students The Center gain experience in drafting a research for Real Estate is article suitable for submission to a real ranked among the 20 most active research estate trade journal for publication. The institutions in real assignment is designed to provide students estate during the with skills necessary to convert academic past decade. research into a format more appropriate for business professionals.

Master in Real Estate Enrollment

2013-2014:

FT: 5

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PT:

2013-2014

2013-2014:

FT: 30

PT:

25

Master in Economics degrees conferred

2012-2013:

Total: 29

Ph.D. PROGRAMS Ph.D. in Business Administration, major in Finance

Additional Ph.D. programs

FACT: Many

are in collaboration with graduate programs other UNC Charlotte are taught in UNC Charlotte’s Center City colleges, including: Building in Uptown Ph.D. in Computing and Charlotte.

Information Systems Business Track Ph.D. in Organizational Science Ph.D. in Public Policy

Ph.D. in Business Administration enrollment

2013-2014

FT: 16

PT:

3

Ph.D. in Business Administration degrees conferred

17

2012-2013

Total: 2

belkcollege.uncc.edu

Belk College Annual Report 2013-2014

The (Finance) Ph.D. Program integrates high quality teaching and mentoring with research to prepare our graduates to be successful academics. Successful placements of 2014 graduates included: St. Ambrose University in Davenport, IA Assistant Professor of Finance University of St. Thomas in Houston, TX Assistant Professor of Finance

The BISOM track of the IT Ph.D. program placed three students this year: North Carolina State University in Raleigh, NC Clinical Assistant Professor of Information Systems Georgia Gwinnett College in Lawrenceville, GA Assistant Professor of Management Information Systems Texas State University in San Marcos, TX Assistant Professor of Management Information Systems The Ph.D. in Organizational Science placed all four of its graduates in full-time positions:

Bureau of Labor Statistics Economic Data Analyst

Ingersoll Rand Manager of Workforce Analytics

Winthrop University in Rock Hill, SC Assistant Professor of Finance

TIAA-CREF Sr. Talent Management Advisor

Marquette University in Milwaukee, WI Assistant Professor of Finance

California Polytechnic State University Assistant Professor in Communications Studies

Washington State University in Pullman, WA Visiting Professor of Finance

Corporate Executive Board Associate Director of Research

Ph.D. IN PUBLIC POLICY Alumni of the Ph.D. in Public Policy program have worked for organizations including: Charlotte Mecklenberg Schools Duke Translational Medicine Analyst Institute – Project Leader Appalachian State University Inc. Magazine and the Build Assistant Professor Network – Economist in Residence

FACT: The Ph.D. in Public Policy is an interdisciplinary program with 28 core faculty and 16 affiliate faculty drawn from eight departments in three colleges: College of Liberal Arts & Sciences, Belk College of Business and College of Health and Human Services.

University of Northern Iowa Assistant Professor

James Madison University Director & Assistant Professor inancial Markets Group F AVP & Business Economist

GRADUATE PROGRAM DIVERSITY Ethnicity

Gender

Non-Resident Alien 229

Black 49

Male 423

Female 245

belkcollege.uncc.edu

Indian 2

Asian 30

Hispanic 20

American Caucasian 319

GRADUATE PROGRAM HIGHLIGHTS

Ph.D. STUDENT PLACEMENT FOLLOWING GRADUATION

Ethnicity Unknown 5

2+ Races 14

FACT: Of the College’s 26,000+ alumni, more than 60% live in Charlotte.

The College has alumni living in all 50 states and in 65 countries.

2013-2014 | Belk College Annual Report 5

MBA PROGRAM HIGHLIGHTS

Belk College Annual Report 2013-2014 JOBS AND CAREER COACHING Prospective, admitted and current graduate students and alumni across all programs can participate in custom career coaching with the Belk College Director of Graduate Student Development. On a national level, coaching was available to current graduate students through a bank of coaches/advisors available from Evisors.

MBA RANKINGS

Master of Business Administration (MBA) Hispanic/Latino American Indian or Alaska Native Asian Black or African American Native Hawaiian or Pacific Islander White Two or More Races Race and Ethnicity Unknown Total U.S. Citizens and permanent residents Nonresident

UNC Charlotte’s part-time MBA program ranked No. 61 in the 2015 edition of Best Graduate Schools by U.S. News Media Group.

The ranking moves the program into the top 13 percent of all AACSB-accredited business programs nationwide.

UNC Charlotte tied for 61st place among FACT: The 310 part-time Belk College’s dual programs in the MBA program with annual ranking.

EGADE, the Graduate

13 2 10 25 0 172 10 4 236 45 Total

Business School at the Monterrey Institute of Technology in Mexico, brings students together in Charlotte each summer.

Enrollment Totals

281

UNC Charlotte’s part-time MBA ranked among the top in the nation by Businessweek (#33)

COST OF MBA EDUCATION MBA degree total program tuition and required fees (TOTAL PROGRAM COSTS from initial enrollment through graduation):

2013:

Instate: $

23,186

FT: 83

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2013-2014

$47,760

Number of MBA Degrees Conferred

MBA enrollment

2013-2014:

Out of state:

PT:

198

2013-2014 Total:

169

belkcollege.uncc.edu

Belk College Annual Report 2013-2014

The Master of Accountancy (M.Acc.) degree at UNC Charlotte prepares students for careers in public accounting, industry, banking, and other organizations. It also helps prepare interested students for further study in doctoral programs or law school. Our program provides graduates with the technical skills, competencies,

knowledge and judgment to succeed as an accounting professional. Students are top performers on the CPA exam and are heavily recruited by area public and private accounting firms and financial institutions.

The MACC program reported that 22.3% of students in the MACC this year were minority students.

MACC – CPA EXAM PASS RATE Over the past three years, UNC Charlotte MACC students have consistently outperformed both the state and national averages for parts passed. In addition, over the threeyear period their performance has improved by 4.3 percentage points. UNC Charlotte consistently ranks above a number of in-state programs including Appalachian State, East Carolina University, NC State, UNC Greensboro, and UNC Wilmington on this measure.

CPA EXAM PERFORMANCE PARTS PASSED

60

67.7

62.1

64.0

45.5

48.9

59.8

49.4

40 20 0

2011 NORTH CAROLINA

2012 UNITED STATES

Master of Accountancy enrollment

2013-2014: FT: 45 PT: 58 Master of Accountancy degrees conferred

83

72.0

68.6

MACC diversity rate

2012-2013 Total:

100 80

22.3%

2013

Source: NASBA Candidate Performance Report for 2011, 2012, and 2013. Summary Performance for Advanced Degree All Testing Events

UNCC

90%

of graduating MACC students found employment passed all four parts of the CPA

MACC PLACEMENT OF GRADUATES 2013-2014 During fall 2013, 90% of graduating MACC students who responded to a survey reported that they had found employment in accounting and 90% who had taken all four parts of the CPA had passed.

Employers included: Anthony & Tabb, P.A. Bank of America BDO Billy Graham Evangelistic Association Birch Communications

belkcollege.uncc.edu

Citco Fund Services CliftonLarsonAllen Culp Elliott & Carpenter PPLC Deloitte Duke Energy

Elliott Davis Grant Thornton GreerWalker KPMG LB&A Lowe’s Companies

McGladrey Potter & Company PwC Rowley Company Self-employed

2013-2014 | Belk College Annual Report 7

MACC PROGRAM HIGHLIGHTS

MASTER OF ACCOUNTANCY

Belk College Annual Report 2013-2014

NEW INITIATIVES

DATA SCIENCE AND BUSINESS ANALYTICS The Belk College is part of a new Professional Science Master’s and across the state. The initiative provides an effective Program in Data Science and Business Analytics which began solution to industry challenges by creating education, training this fall. This is an area of huge job growth and there is high and research programs in data science and analytics integrated demand for highly skilled professionals. with business and industry expertise. These interdisciplinary The PSM in Data Science and Business Analytics academic programs will develop a new generation of data program is a collaboration between the Belk College scientists, business analysts, and managers who will have of Business and the College of Computing and both technical and business skills to transform data into Informatics. The program is designed to develop a smart, innovative business solutions. The Professional Science new generation of data scientists, business analysts, Master’s (PSM) program in Data Science and Business Analytics and managers with the technical and business skills to (DSBA) is an interdisciplinary program at the intersection of transform data into smart, innovative strategies. business, computer and information sciences, statistics, and The first DSBA course (DSBA 6100: Big Data Analytics operations research. It is a unique blend of business acumen, for Competitive Advantage) was introduced in Spring 2014. data understanding, exposure to a diverse set of advanced On November 4, 2013, the course was filled to capacity in analytics methods, and hands-on experience designed to help less than 15 minutes. At the 15-minute mark, an students apply learned knowledge on representative additional 24 students were trying to get into business problems. DSBA graduates are well the course. equipped for employment in a wide variety of FACT: The initiative is an industry-universitydata intensive industries, such as financial state partnership to broaden and deepen services, energy, retail/supply chain, or North Carolina’s business analytics talent healthcare, where the need for business data-savvy managers and stimulate strategic innovation. It will analysts with quantitative, computational, are needed in the directly support high-end job creation and and sophisticated analytical skills is United States business investment in the Charlotte region growing at an explosive pace.

1.5 million

EXECUTIVE EDUCATION UNC Charlotte and the Belk College of Business have launched executive education in partnership with local, regional and national businesses and organizations. The Belk College’s executive education programs draw from UNC Charlotte’s vast and cross-industry faculty research and practitioner expertise in key focus areas such as data science and business analytics, leadership and strategy and innovation and entrepreneurship.

UNC Charlotte’s Executive Education offers open enrollment FACT: UNC and custom executive education

Charlotte offers both custom and open enrollment executive education programs.

8 Belk College Annual Report |

programs to enhance performance and help advance your career. Our programs are designed for executives and seniorlevel managers. From intensive, multi-day focused programs to broader, week-long programs with more diverse topics, our open-enrollment programs develop individuals while enhancing organizational performance. UNC Charlotte and the Belk College of Business partners with companies and organizations to develop custom solutions that are targeted to specific strategic objectives and talent development needs. Our executive education programs draw from UNC Charlotte’s vast and cross-industry faculty research and practitioner expertise in key focus areas, including:

Data Science and Business Analytics Leadership and Strategy Innovation and Entrepreneurship 2013-2014

belkcollege.uncc.edu

Belk College Annual Report 2013-2014 TOTAL FULL-TIME FACULTY Male:

63

Female: Total:

33

96

NAMED PROFESSORS AND CHAIRS PUBLICATIONS Overall, the faculty members published, or had accepted for publication, 125 papers during the 2013 calendar year.

RESEARCH IN TOP JOURNALS The College continues to increase the emphasis it places on research, especially research which appears in elite peer-reviewed academic journals. Over the past year, faculty members have published in more elite journals than at any time in the history of the College. Specifically in the past year, faculty members have published in: Quarterly Journal of Economics The Journal of Finance The Journal of Money, Credit, and Banking Journal of Consumer Research The Journal of Management Organizational Science Information Systems Research Production and Operations Management Journal of the Academy of Marketing Science Leadership Quarterly Auditing: A Journal of Practice and Theory

belkcollege.uncc.edu

Babson Capital Professor of Financial Economics:

John Connaughton

Belk Endowed Scholar in Business Innovation:

Justin W. Webb

Belk Endowed Scholar in Marketing Analytics:

to be recruited

Belk Distinguished Professor in Business Administration:

to be recruited

Big Five Professorship in Accounting:

Casper Wiggins

John Crosland, Sr. Distinguished Chair in Real Estate and Development:

Steven Ott

Charles Cullen Professorship in Marketing:

Sangkil Moon

Rush S. Dickson Professor of Finance:

Tao-Hsien Dolly King

Distinguished Insurance Professorship:

Weidong Tian

James J. Harris Chair of Risk Management and Insurance:

to be recruited

Torrence E. Hemby, Sr. Distinguished Professor in Banking:

C. William Sealey

Addison H. & Gertrude C. Reese Endowed Chair in International Business:

Franz Kellermanns

Jule and Marguerite Surtman Distinguished Professorship in Business Ethics:

Denis G. Arnold

2013-2014 | Belk College Annual Report  9

FACULTY HIGHLIGHTS

2013-2014:

Belk College Annual Report 2013-2014

ALUMNI HIGHLIGHTS

ALUMNI ENGAGEMENT A key focus for 2013-2014 was increasing alumni engagement with the Belk College. With the hiring of an alumni relations manager in 2013, the first such college-based position at the University, the College greatly expanded its capacity to connect with its 26,000+ alumni through programming and communications.

Alumni returned to campus for the first Belk College Day during the inaugural UNC Charlotte 49ers Football season, connected with undergraduate students through hands on service projects and the Freshmen Picnic, and participated in an Alumni Coffee networking

series before the Babson Capital/UNC Charlotte Economic Forecast. Alumni mentored graduate students through the newly established Coffee Connections program and congratulated our newest Belk College alumni at the December and May Commencement Receptions.

The Belk College established the Alumni Council, a volunteer board of alumni strategically representative of our alumni base in varied class years,

industries, academic programs, and geographic regions.

The Alumni Council was charged with assisting the Belk College in developing programming and events to meet the diverse needs and interests of our alumni base. The Council, comprised of 42 alumni members, helped plan social, professional, athletic, service, and educational events in its first year and created a scholarship for a rising senior.

LIVING

ALUMNI FY 2014:

26,822

ALUMNI COUNCIL

Grew from 42 members in its inaugural year (2013- Engaged the Belk College alumni network 2014) to 52 members in its second year (2014-2015) through programs such as Coffee Connections student mentorship meetings, the Belk College Membership includes: Day football tailgate, Student-Alumni Day of 44 diverse companies represented Service projects, Alumni Coffee networking series, All four graduate programs represented undergraduate student etiquette dinner, and All eight undergraduate majors represented scholarship awards.

SOCIAL NETWORKS LinkedIn

Belk College alumni on LinkedIn: 5,224 (as of August 2014)

What they do: Finance (813) Sales (720) Operations (486) Information Technology (416) Accounting (408)

70%

Where they work: Bank of America (289) Wells Fargo (267) TIAA-CREF (68) Duke Energy Corporation (55)

Facebook: Members of the Belk College of Business Facebook Page Most engaged audience on the BCOB Facebook Page: 25-34 year olds

2,732 Likes

About 70% of these alumni are members of the Belk College of Business LinkedIn Group: 3,500

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2013-2014

belkcollege.uncc.edu

Belk College Annual Report 2013-2014

BELK COLLEGE BOARD OF ADVISORS W. Henry Atkins, Atkins Properties

Wesley M. Beckner, Group/ State President, Charlotte Metro Region, BB&T Corporation Brian Bohaty (Vice Chair), Executive Vice President, Head of Client Services & Enterprise Integration, TIAA-CREF James Boylan, Vice President, US Retail-HR, MetLife

Tim Flanagan Jr., General Agent, Hinrichs Flanagan Financial

Linda Okowita, Senior Vice President, Human Resources, Cogentrix Energy Power Management, LLC

Julie S. Harris, Global Commercial Banking CFO, Bank of America

David Parker, Managing Director, Abbot Downing

David L. Hauser, Retired CEO, FairPoint Communications

Jennifer Pollino, Executive Coach + Consultant, JMPollino LLC

Matthew Martin, Regional Executive Charlotte Branch, Federal Reserve Bank of Richmond

Myron Caldwell, Vice President, Financial Planning and Analysis, Duke Energy

Tom Mathews, Human Resources Consultant, TMATHEWSHR LLC

John P. Derham Cato, Chairman of the Board, President and CEO, The Cato Corporation Malcomb D. Coley, Office Managing Partner, Assurance Services, Ernst & Young

Joe L. Price, UNC Charlotte Trustee Bob Qutub, Chief Financial Officer, MSCI, Inc Kelly Ross, Senior Vice President, Financial Planning and Analysis, Lowe’s Robert A. Rucho, DDS, Senator, NC Senate

Michelle Menard, President & CEO, Choice Translating

Michael J. Smith, President, Charlotte Center City Partners

Mark Miller, Senior Vice President, Operational Finance, Novant Health

John Switzer, Managing Partner, KPMG

Michael Mulligan, Vice President & General Manager, General Dynamics, Bath Iron Works

Tom Finke, Chairman and CEO, Babson Capital

FUNDRAISING

David Wedding, Chairman, Partnership Board; Managing Partner, Grant Thornton Manuel Zapata, President, Zapata Engineering

SCHOLARSHIPS Value of the Belk College of Business scholarship fund (both endowment and non-endowed portions):

FUNDRAISING HIGHLIGHTS Endowment market value:

$3,077,457

June 2013

$23,354,042

Number of undergraduate scholarships distributed in 2013-2014:

June 2012

$21,105,311

belkcollege.uncc.edu

T. Crawford Pounds, Carolinas Market Managing Partner, Pricewaterhouse Coopers LLP

Brian Marley, Retired Executive Vice President & Chief Financial Officer, Belk Inc.

37 2014 26822 907 1056

2013 25858 626 773

2012 24862 669 914

Number of undergraduate students who received scholarship awards in 2013-2014:

92 2013-2014 | Belk College Annual Report  11

SUPPORT

Lilicia Bailey, EVP & Chief People Officer, Belk

Fiscal Year # of Living Alumni # of BCOB Alumni Donors # of BCOB Donors

Kaki Murphy, Partner, Audit and Enterprise Risk Services, Deloitte

Lee Fite, Senior Vice President, Wholesale Banking Division, Fifth Third Bank

Marcia Avedon (Chair), Senior Vice President, Human Resources and Communications, Ingersoll Rand

belkcollege.uncc.edu Š UNC Charlotte, The Belk College of Business 2014