Belk College Annual Report 2015

2015 Annual Report This report covers the period between July 2014 to June 2015 belkcollege.uncc.edu

2014-2015

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Belk College Annual Report  1

Belk College Annual Report 2014-2015

HIGHLIGHTS

HIGHLIGHTS

Development and launch of the Women in Business Initiative, funded by MetLife Foundation Continued growth of Babson Capital/UNC Charlotte Economic Forecast New undergraduate concentration in Business Analytics and Belk Scholars Program in Business Analytics National rankings for part-time MBA program (#20 by Businessweek in fall 2015) Launch and growth of Executive Education Alumni events with Northwestern Mutual, TIAA-CREF and BB&T Partner events including Fixed Income conference (USC), Private Equity Capital symposium (ULI), Emerging Business Leaders (Chamber) 2  Belk College Annual Report |

2014-2015

belkcollege.uncc.edu

Belk College Annual Report 2014-2015

2014-2015:

Male:

59

Female: Total:

PUBLICATIONS Overall, the faculty members published, or had accepted for publication, 119 papers during the 2014 calendar year.

29

88

NAMED PROFESSORS AND CHAIRS Babson Capital Professor of Financial Economics:

John Connaughton

RESEARCH IN TOP JOURNALS

Belk Endowed Scholar in Business Innovation:

Justin W. Webb

Faculty members have published in the following top journals over the past year.

Belk Distinguished Professor in Business Administration:

Auditing: A Journal of Theory and Practice Entrepreneurship: Theory and Practice

European Journal of Information Systems

European Journal of Operations Research Games and Economic Behavior

Human Resource Management Information Systems Research Journal of Applied Psychology Journal of Banking and Finance Journal of Corporate Finance Journal of Finance Journal of Health Economics Journal of Management Information Systems Journal of Management Journal of Money, Credit and Banking Journal of Operations Management Journal of Retailing

Organizational Research Methods Quarterly Journal of Economics

Big Five Professorship in Accounting:

David Woehr

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

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

David Mauer

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

Franz Kellermanns

Jule and Marguerite Surtman Distinguished Professorship in Business Ethics:

Denis G. Arnold

Externally funded research:

$4,608,709

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Belk College Annual Report  3

FACULTY HIGHLIGHTS

TOTAL FULL-TIME FACULTY

UNDERGRADUATE PROGRAMS

Belk College Annual Report 2014-2015 UNDERGRADUATE ENROLLMENT 2014-2015 Total:

3,460

Total number of bachelor’s degrees conferred Male:

2013-2014:

470

Female: Total:

356

826

DEGREES AND MAJORS Bachelor of Science in Accounting

2,052

1,408

B.S. degree Pre-Accounting Finance International Business Management

Bachelor of Science in Business Administration

Management Information Systems Marketing Operations & Supply Chain Management Entrepreneurship certificate Pre-BSBA

Bachelor of Science in Economics

B.S. degree Pre-Economics

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

2014:

6,277

In-state: $

Out of state:

$19,448

INTERNSHIPS 171 undergraduate students participated in an internship for credit; 69% were paid.

Pay range is $6.25 - $29 an hour, median = $15/hr Average hours = 35/week over summer and 14.8/week over semester

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2014-2015

Employers hosting multiple interns = Bank of America, BDO, Fastenal, Hornets, Northwestern Mutual, SABIC, Target, TIAA-CREF, Wells Fargo, MetLife

belkcollege.uncc.edu

Belk College Annual Report 2014-2015

BHP enrollment

BHP student graduates

2014-2015 Total:

Average GPA

Fall ‘14

Spring ‘15

Fall ‘14

Spring ‘15

90

84

3.80

3.85

10

BHP student placement upon graduation in 2014-2015 Bank of America (3) Burchett Financial Services Fulbright Scholars Lowe’s

UNC Charlotte Master of Accountancy program UNC Charlotte Master in Economics program UNC School of Medicine Washington Real Estate Investment Trust

DIVERSITY OF UNDERGRADUATE PROGRAMS

WOMEN IN BUSINESS INITIATIVE In late January 2015, MetLife Foundation and the Belk College of Business announced a partnership to establish the Women in Business Initiative.

122

91

144

4

Key accomplishments in 2015: 476

Support received from MetLife Foundation

232 2,093

8

290

Program leadership selected - Dr. Pat Mynatt dvisory Board created - 5 members of the A business community aculty consultancy created - 3 faculty members F with areas of study relevant to the initiative tudent Ambassador Board created - 10 female and S male students selected for 2015-2016 academic year Mission statement and purpose adopted by parties Programming and themes identified for 2015-2016

White

Black

Pacific Island

American Indian

Unknown

Asian

2+races

Hispanic

Nonresident

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Belk College Annual Report 5

UNDERGRADUATE PROGRAMS

BUSINESS HONORS PROGRAM

GRADUATE PROGRAMS

Belk College Annual Report 2014-2015 GRADUATE PROGRAM ENROLLMENT

8

11

White

2014-2015 Total:

615

*

Unknown

164

2+races Nonresident

331

Black

47

American Indian Asian

34

392

Hispanic

1

223

19

* This total does not include Data Science and Business Analytics, Public Policy or Organizational Science.

MBA - U.S.

With more than 250 regional energy corporations

MBA - MEXICO

in the region, UNC Charlotte’s Belk College of Business is the only program in the nation to offer a concentration in electrical energy that helps provide the industry with a talented workforce.

Upon completion of the program, students receive two M.B.A. degrees: one from Tecnológico de Monterrey Campus Monterrey and another from The University of North Carolina at Charlotte, plus a certificate in Global Business and Strategy jointly issued from EGADE and the Belk College.

MBA U.S. enrollment

2014-2015:

FT: 84

PT:

196

MBA degrees conferred

2013-2014:

MBA Mexico enrollment

2014-2015:

FT: 3

PT:

55

Total: 159

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

2014:

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24,526

In-state: $

2014-2015

Out of state:

$49,100

belkcollege.uncc.edu

Belk College Annual Report 2014-2015 PROFESSIONAL SCIENCE MASTER’S IN DATA SCIENCE AND BUSINESS ANALYTICS *

100% of students are employed within 9 months of graduation.

Graduates are in high demand with 1.5 million positions

Master of Economics enrollment

2014-2015:

FT: 19

PT:

needed for data-savvy managers nationally.

18

Master of Economics degrees conferred

2013-2014:

2014-2015:

Total: 25

MASTER OF SCIENCE IN MATHEMATICAL FINANCE

Ranked in the top 25 Mathematical Finance Programs in the nation by The Financial Engineer.

Master of Math Finance enrollment

2014-2015:

FT: 40

PT:

41

Master of Math Finance degrees conferred

2013-2014:

DSBA enrollment

Total: 63

FT: 10

PT:

21

MASTER OF SCIENCE IN ACCOUNTANCY

CPA exam pass rate was 93% (in 2014). The employment rate of graduating students was also 93%.

Master in Accountancy enrollment

2014-2015:

FT: 57

PT:

56

Master in Accountancy degrees conferred

2013-2014:

Total: 55

* Includes certificate students.

MASTER OF SCIENCE IN REAL ESTATE *

67% of MS in Real Estate students receive scholarships.

Real Estate enrollment

2014-2015:

FT: 6

PT:

21

Master of Real Estate degrees conferred

2013-2014:

Total: 5

The program had a 100% placement rate and completed a substantial curriculum revision that incorporated feedback from the Center for Real Estate Advisory Board.

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MASTER OF SCIENCE IN REAL ESTATE

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MASTER’S PROGRAMS

MASTER OF SCIENCE IN ECONOMICS

PH.D. PROGRAMS

Belk College Annual Report 2014-2015 BUSINESS Ph.D. - FINANCE SAMPLE STUDENT PRESENTATIONS

Junya Jiang presented a research paper at the Midwest

Finance Association Annual Meeting in Chicago, IL in March 2015.

Lulu Li presented a paper entitled “Do Conglomerate Bonds Outperform Standalone Bonds?” at the Midwest Finance Association Meeting held in Chicago, IL in March 2015.

Kate Panttser presented a research paper at the Midwest Finance Association Meeting held in Chicago, IL in March 2015.

Lulu Li presented a paper entitled “Dividend Payout Policy and Institutional Investors Ownership: Theory and Empirical Evidence” at the Financial Management Association Meetings that were held in Nashville, TN in October 2014.

Kate Panttser presented a paper entitled “The Bank Capital: An Insurance Perspective” at the Financial Management Association Meetings that were held in Nashville, TN in October 2014.

Business Ph.D. enrollment

2014-2015:

FT: 16

PT:

2

Business Ph.D. degrees conferred

2013-2014:

Total: 6

PUBLIC POLICY Ph.D. SAMPLE STUDENT PRESENTATIONS Dr. Peter Schwarz presented co-authored work with Public Policy student Gwen Gill, “Estimating the Effects of Brownfields and Brownfield Remediation on Property Values in a New South City,” at the World Congress of Environmental and Natural Resource Economists.

Gwen Gill presented a paper entitled “Cost Effectiveness of Wearing a Motorcycle Helmet in Preventing Death or Series Injury” at the American Public Health Association Conference.

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Jennie Weinke worked with faculty members Steve Billings and Jennifer Troyer to estimate the annual cost of domestic violence in North Carolina.

Public Policy Ph.D. enrollment

2014-2015:

FT: 29

PT:

3

Public Policy Ph.D. degrees conferred

2013-2014:

Total: 6

ORGANIZATIONAL SCIENCE Ph.D.

FACT:

The Volunteer Program SAMPLE STUDENT PUBLICATIONS Loignon, A.C., Kellermanns, F.W., Assessment (VPA) is a cutting-edge and innovative Eddleston, K., & Kidwell, volunteer assessment R. (2015). Exchange system maintained by relationships among family firm Organizational Science. leaders and family employees: vpa.uncc.edu Implications for strategic planning and firm performance.

Myers, H., Shanock, L., Heggestad, E., Long, S., & Ordonez, Z. (2015). Hispanics’ Interactions with supervisors: Implications for interpersonal justice.

Frevert, T. K., Culbertson, S. S., & Huffman, A. H. (2015).

Exploring the double-jeopardy effect: The importance of gender and race in work-family research. In M. Mills (Ed.), Gender and the work-family experience: An intersection of two domains (pp. 57-76). Springer.

Organizational Science Ph.D. enrollment

2014-2015:

FT: 27

PT:

5

Organizational Science Ph.D. degrees conferred

2013-2014:

Total: 2

belkcollege.uncc.edu

Belk College Annual Report 2014-2015

Executive Education’s mission is to become a recognized executive education provider of integrated learning solutions for senior leaders and organizations, offering design, creation, delivery, management and measurement of programs that develop talent and deliver results.

Samples of companies participating in open enrollment programs: Arts and Science Council ATI Specialty Materials BMI Energy Management Cardinal Partners Charlotte Chamber of Commerce Charlotte Regional Visitors Authority

DATATECH Information Services, Inc. Duke Energy Ingersoll Rand KPMG LLP Lowe’s MetLife

Roach Research TIAA-CREF United Way Zapata, Inc.

GLOBAL PARTNERSHIPS Copenhagen Business School Dual-degree master’s program in economics EGADE Business School, Tecnológico de Monterrey Dual MBA, Charlotte summer program Kingston University Student and faculty exchange Lyon Trois University Doctoral student exchange, January research program University of Duisburg-Essen Student exchange Visiting scholars George Saridakis, Kingston University (England) Deborah Anderson, Kingston University (England) Rebecca Lees, Kingston University (England) Bong K. Yoon, Korea National Defense University (Korea) Olivia Ezeobi, Stellenbosch University (South Africa) Liezl Nieuwoudt, Stellenbosch University (South Africa) Maria Lopez Fernandez, University of Cantabria (Spain) Dieter Cassel, University of Duisburg-Essen (Germany)

Study abroad student scholarship support Faculty Led Spring Break Programs Economics of Poverty: Brazilian Edition Global Marketing Practicum in Brazil Global Marketing in Taiwan and Hong Kong Faculty Led Summer Programs Doing Business in Central Europe BCOB Study Abroad in Italy

(with University of Tennessee) Business, Banking, and Finance in Spain Switzerland International Insurance Study Program International Real Estate Study Tour in Turkey London International Insurance Study Program (fall)

Under the direction of Dr. John Connaughton, the UNC Charlotte Economic Forecast has provided invaluable economic data for North Carolina since 1981. Babson Capital Management joined the Forecast as a sponsor in 2010. The Belk College of Business hosts a quarterly luncheon and press conference for the business community and the media.

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BABSON CAPITAL/ UNC CHARLOTTE ECONOMIC FORECAST

Belk College Annual Report 9

PARTNERSHIPS

EXECUTIVE EDUCATION PARTNERSHIPS

ALUMNI

Belk College Annual Report 2014-2015 2015 ALUMNI COUNCIL Megan Bailey ‘08 B.S.B.A. Marketing, Regus

Dustin Long Bank of America

Anne Bateman ‘08 B.S. Economics/Psychology, Pearl Meyer & Partners (Vice-Chair)

Mark Joyce ‘82 B.S.B.A. Business Administration, Real Estate

Kirk Beatty ‘87 B.S. Comp Science, ’10 MBA, DATATECH Information Services, Inc. H. Parry Bliss, Jr. ‘69 B.S. Accounting Jon Bowman ‘94 B.S.B.A. Business Administration, PostMark, Inc. Tyler Brandt ’14 M.S. Real Estate, Murphy USA Harvey Brown ‘78 B.A. Business Administration, Ascension Insurance Agency, Inc. Gerald Burgess ‘12 B.S.B.A. International Business, Management, McFarland Construction Inc.

LIVING

ALUMNI

AS OF MAY 2015:

Nick Kendall ‘00 B.S. Accounting/Political Science, Johnston Allison & Hord, PA

27,512

Chuck Kistler ‘06 B.S. Economics/Finance, TIAA-CREF Brooke McLean ‘14 B.S.B.A. Finance, Northwestern Mutual Andrew Morton ‘11 B.S.B.A. Marketing, Taxi USA, LLC Britt Nunn ‘16 B.S.B.A. Finance, UNC Charlotte student

Brad Clinard ‘09 B.S. Economics, Wells Fargo Advisors

Tim Ralston ‘09 B.S.B.A. Finance, TIAA-CREF (Chair)

Mark Collard ‘89 Business Administration, Douglas C. Collard Foundation

Joseph Rinaldi ‘07 B.S.B.A. Finance, Bank of America

Brian Duggan ‘94 B.S.B.A. Business, Wells Fargo (Secretary)

Daniel Robertson ’13 M.S. Real Estate, CBRE

Fabian Elliott ‘12 B.S.B.A. Marketing, Google

Amanda Self ‘07 B.A. Political Science, BB&T Insurance Services Inc.

Josh Elmore ‘05 Mass Media Communications, SeedSpark Tina Enrique ‘12 MBA, Piedmont Healthcare Jon Ferrer ‘10 B.S.B.A. Finance, Bank of America Rick Ferretti ‘98 B.A. Communications, Ascendo Resources Jeannette Freedman ‘14 MBA, TIAA-CREF Louise Fuller ‘09 MBA, PricewaterhouseCoopers Phil Hains ‘85 B.A. Business Administration, First Citizens Bankshares Inc. (Past-Chair)

Jamie Rizzo ‘97 MBA, Aflac Global Investments

Derrick Smith ‘00 B.S.B.A. Finance, MetLife Real Estate Investors Dave Stroud ‘14 MBA, Marketing, Foodbuy, LLC Doug Sutherland ‘10 MBA, C. Crawford & Associates, Inc. Jing Tang ‘04 M.S. Mathematical Finance, Wells Fargo Jeff Thomas ‘95 B.S.B.A. Finance, B.A. History, NeuStar Wanda Throneburg ‘09 M.S. Economics, Wells Fargo

Heidi Hansen ‘95 B.S. Human Resources, CPCC

Bradley Williams ‘12 B.S. Economics, Accounting, TIAA-CREF

Lisa Hardee ’09 B.S. Accounting, ‘11 MACC, Ingersoll Rand, Inc.

Andrew Wullschleger ‘10 B.S.B.A. Finance, Wells Fargo Securities

Cochoan Jackson ‘12 B.S. Economics, Duke Energy

Alex Yaconetti ‘15 MBA, Xoom Energy

Joe Jackson ’94 B.S. Economics, ‘98 MBA, Metrolina Capital Advisors, LLC

Stephen Yeh ‘09 B.S. Accounting, Finance, TIAA-CREF

Cameron Jennings ’08 B.S.B.A. Finance, ‘14 MBA, AXA Equitable

Han Zhang ‘01 M.S. Comp Science, ’04 M.S. Mathematical Finance, Wells Fargo

Scott Lieberman ‘12 B.S.B.A. Management, TIAA-CREF

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2014-2015

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Belk College Annual Report 2014-2015

W. Henry Atkins, Principal, Atkins Properties

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

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

Tim Flanagan Jr., General Agent, Hinrichs Flanagan Financial

Lilicia Bailey, Executive Vice President & Chief People Officer, Belk Wesley M. Beckner, Regional Group President, Charlotte Metro Region, BB&T Corporation Brian R. Bohaty (Vice Chair), Executive Vice President, Client Services Group & Enterprise Integration, TIAA-CREF James Boylan, Vice President, US Retail-Human Resources, MetLife

Dynamics, Bath Iron Works Kaki Murphy ‘94, Advisory Retail Industry Partner, Deloitte & Touche LLP Linda Okowita, Senior Vice President, Human Resources, Cogentrix Energy Power Management, LLC

Julie S. Harris ‘00, CFO Global Commercial Banking, Bank of America

David Parker, Managing Director, Abbot Downing

David L. Hauser, MBA ‘77, Retired Chairman and CEO, FairPoint Communications, Inc.

Jennifer Pollino, Executive Coach & Consultant, JMPollino LLC

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

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

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

Joe L. Price ‘83, UNC Charlotte Trustee Bob Qutub ‘88, Chief Financial Officer, MSCI, Inc

Myron L. Caldwell ‘80, Vice President, Financial Planning and Analysis, Duke Energy

Tiffany Mason, SVP, Corporate Finance, Lowe’s

John P. Derham Cato ‘73, Chairman of the Board, President and CEO, The Cato Corporation

Kelly McPhilliamy ‘89, Managing Director, Michael J. Smith, President, Consumer & Retail Investment Banking, Charlotte Center City Partners Wells Fargo Securities John A. Switzer, Managing Michelle Menard ‘97, President & Partner, KPMG LLP CEO, Choice Translating, Inc. David Wedding ‘80, Chairman,

Malcomb D. Coley, Office Managing Partner, Charlotte Office, Ernst & Young

Robert A. Rucho, DDS MBA ‘94, Senator, North Carolina Senate

Tom Mathews, SVP of HR, CREE, Inc.

Susan Edwards, VP Global HR Business Partner, Sealed Air Corporation

Mark F. Miller ‘92, Senior Vice President, Operational Finance, Novant Health, Inc.

Partnership Board; Managing Partner, Carolina Offices, Grant Thornton, LLP

Thomas M. Finke, Chairman and CEO, Babson Capital Management LLC

Michael Mulligan, Vice President & General Manager, General

Manuel Zapata MBA ‘72, President, Zapata Engineering

FUNDRAISING

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

FUNDRAISING HIGHLIGHTS Endowment market value:

$3,865,496

June 2014

$27,000,194

Number of undergraduate scholarships distributed in 2014-2015:

June 2015

$30,284,935 Fiscal Year Number of Living Alumni Number of BCOB Alumni Donors Number of BCOB Donors

belkcollege.uncc.edu

44 2014-2015 27,512 822 973

Number of undergraduate students who received scholarship awards in 2014-2015:

79 2014-2015

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Belk College Annual Report 11

ENGAGEMENT AND SUPPORT

2015 BOARD OF ADVISORS

SENIOR LEADERSHIP Dean Steven Ott Senior Associate Dean Richard Buttimer Associate Dean Jennifer Troyer, Research and Graduate Programs Associate Dean Patricia Mynatt, Undergraduate Programs

belkcollege.uncc.edu | bcob-external@uncc.edu Š UNC Charlotte Belk College of Business 2015