G E O R G E TO W N U N I V E R S I T Y M C D O N O U G H S C H O O L O F B U S I N E S S
2020 FALL LEADERSHIP MEETING BEYOND COVID-19: BUILDING FOR THE FUTURE Washington, D.C. | September 18, 2020
TABLE OF CONTENTS A MESSAGE FROM THE CHAIR OF THE BOARD OF ADVISORS 3 AGENDA
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BOARD OF ADVISORS MEMBERS
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PARENTS ADVISORY COUNCIL MEMBERS
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NEW MEMBERS
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A MESSAGE FROM THE DEAN
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SCHOOL UPDATE
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COVID-19 Response
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Leveraging our Washington, D.C., Location
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Reflecting our Georgetown Expertise and Identity
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Guided by our Jesuit Values
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Innovation
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Faculty Accomplishments
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New Faculty
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School Accomplishments
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Rankings
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Significant Events
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A MESSAGE
FROM THE CHAIR OF THE BOARD OF ADVISORS
DEAR COLLEAGUES, It’s hard to believe it has been nearly a year since we last gathered in person on the Hilltop, yet the world has changed so dramatically during that time. As we all have adjusted to the disruption caused by COVID-19, I am proud of the unwavering support each of you has shown toward Georgetown and the McDonough School of Business. Several board members volunteered their time to serve as judges for the Pivot Program’s recent Pitch Competition, providing insight and advice to a promising group of returning citizens as they begin life-changing work for themselves and their families. Many of you also answered the call for the 90 Days with Georgetown campaign, making a difference in the university’s ability to support the health, safety, and financial needs of students during the pandemic. During our September virtual Leadership Meeting, we will hear more from Dean Paul Almeida about the state of the school, as well as focus on the progress made on several strategic initiatives. At our November meeting, we will receive updates on the Undergraduate and MBA programs from Dean Patricia Grant and Dean Prashant Malaviya and build on our discussion around McDonough’s centers and initiatives. Thank you for taking the time to join us for this important discussion. I look forward to seeing everyone — even if it’s just virtually — very soon. Sincerely,
Robert H. Steers (B’75, P’06, P’08, P’10) Chair Board of Advisors
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AGENDA
2020 FALL LEADERSHIP MEETING
FRIDAY, SEPTEMBER 18, 2020 12:00-12:50 P.M.
WELCOME MESSAGE AND UPDATES FROM THE UNIVERSITY AND SCHOOL Board of Advisors Chair Robert H. Steers will open the meeting with introductory remarks. Provost Robert Groves will then provide an update on how the coronavirus pandemic has impacted the university’s academics, operations, and finances before taking questions from the group. Next, Dean Paul Almeida and Vice Dean Dennis Quinn will share an update from the McDonough School of Business focused on both the current situation resulting from the pandemic and the longterm strategic initiatives of the school. They also will conclude with a Q&A session.
12:50-1:25 P.M.
BEYOND COVID: BUILDING FOR THE FUTURE Professor Pietra Rivoli and Robert Flanagan (BoA Executive Committee member) will discuss one of the school’s most impactful racial justice initiatives — the Pivot Program. Now entering its third year, the Pivot Program provides formerly incarcerated individuals from the District of Columbia an education rooted in entrepreneurship and business, as well as access to employment opportunities and other resources to put them on the path to success. The program is a partnership with Georgetown’s Prisons and Justice Initiative and the D.C. government. Afterward, Professors Brad Jensen, Jason Schloetzer, and Vishal Agrawal will lead a discussion on the school’s progress in three strategic areas: business and global affairs; technology and the future of work; and the business of sustainability.
1:25-1:30 P.M.
CLOSING REMARKS Board of Advisors Vice Chairs Ann Sarnoff and Michael Psaros will deliver closing remarks.
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BOARD OF ADVISORS MEMBERS EXECUTIVE COMMITTEE CHAIR Robert H. Steers (B’75, P’06, P’08, P’10) VICE CHAIRS Ann Misiaszek Sarnoff (B’83, P’17) † Michael G. Psaros (B’89, P’21) †
Joseph V. Amato (B’84, P’13, P’17, P’19) ‡ William D. Anderson, Jr. (B’88, JD’94, P’16, P’23)
Zachary Leonsis (MBA’15)
Ajay Arora (P’18)
Jerry Longarzo (B’84, JD’87, P’22)
Dewey John Awad II (MBA’96)
Claudio Macchetto (MBA’96)
Joseph Baratta (B’93) †
John McNamara (B’87, P’22)
Natalie Barth (B’96)
Robert Bernard Nolan Jr. (B’74, P’01, P’05, P’14)
Justin Berman (B’99) Timothy Warren Billings (B’95) Lawrence R. Botel (B’88, P’23)
PARENTS ADVISORY COUNCIL CHAIRS
Michael Brown (B’94)
Abby Adams (C’83, P’16, P’21, P’24)
Paolo Cicchine (B’94)
Patrick Adams (B’81, P’16, P’21, P’24)
Laurie Hodges Lapeyre (B’83, P’15, P’17) † ‡
Greg Byrnes (MBA/JD’94) Mohammed G. Dewji (B’98) Michele Docharty (B’89)
Wayne Clarke Plewniak (MBA’85, P’20) Jeffrey Powers (B’81, P’06, P’21) Thomas Pryma (B’95) Marc Puntus (B’89) Saleh Romeih (B’88, P’22) John Roy (MBA’85) Charles Sansbury (B’89, P’21, P’22) Dasha Smith (B’95) ‡
CHAIR EMERITUS
William Paul Doucas, Sr. (B’82, P’11, P’15)
John “Hap” J. Fauth IV (B’67 P’06, P’15, P’16)
Glenn Eisen (B’87)
Joe Verbrugge (MBA’97, P’24)
Karim El-Solh (MBA’91)
John Vitalo (B’90, P’17, P’24)
EXECUTIVE COMMITTEE MEMBERS
Ann Gillin Lefever (B’86, P’24)
W. Robert Berkley, Jr. (B’95) † Peter N. Crnkovich (B’78, P’11, P’13) ‡ Michael R. Fisher (B’80, P’12, P’13, P’18) Robert J. Flanagan (B’78, P’10, P’15, P’17)
Eric Sondag (B’98)
Farah Gokal-Ghazzawi (B’95, P’23) Dottie Shea Hobin (B’97, P’24) David M. Hooper (B’89) Peter Jeremy Hornick (B’90, P’21, P’24) Yongsoo Huh (B’94) Sarkis Izmirlian (B’94, P’24) Lew “Jay” Jacobs (MBA’98)
Jonathan R. Lynch (B’88) ‡
Hubert John Pierre “JP” Jolly (B’97, P’23)
Gil Ashley Tenzer (B’84, P’17, P’21) ‡
Doug Knopper (MBA’95, P’24) Theodore Kyriakou (B’95)
† Denotes Member, Georgetown University Board of Directors ‡ Denotes Member, Georgetown University Board of Regents
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PARENTS ADVISORY COUNCIL MEMBERS EXECUTIVE COMMITTEE
Durga Bobba (MBA’96, P’23)
CHAIRS
Teresa Dyke (P’21)
Abby Adams (C’83, P’16, P’21)
Wade Dyke (P’21)
Patrick Adams (B’81, P’16, P’21) EXECUTIVE COMMITTEE MEMBERS Andy Blocker (EMBA’02, P’21) Glay Blocker (P’21)
Geetika Bobba (P’23)
Ellen Goodwin (P’22) Andrew Karp (C’91, P’24) Lauren Karp (P’24) Diana Longarzo (P’22) Jerry Longarzo (P’22) Diane Palmieri (P’22)
Dian Fini (P’19, P’22)
Paul Palmieri (P’22)
Mario Fini (P’19, P’22)
Kurt Pohmer (P’22)
Mary Gay (P’20, P’23)
Alejandra Poupel (P’23, P’24)
William R. Gay (P’20, P’23)
Maxime Poupel (P’23, P’24)
John Hock (P’21, P’23)
Akram Safa (P’22)
Mary E. Hock (P’21, P’23) Guillermo Pla (P’20, P’21) Douglas Stewart (P’22) Marcella Stewart (P’22) Monica Zobel de Ayala (P’20, P’21)
Anne Marie Safa (P’22) Paul Simpson (I’89, P’21) Rebekah Simpson (C’88, P’21) Ravi Sindwani (P’22) Sue Sindwani (P’22) C. Hasan Umur (P’22) Leyla Umur (P’22)
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NEW MEMBERS BOARD OF ADVISORS DOUG KNOPPER (MBA’85, P’24) Doug Knopper has successfully led many media technology companies, most recently serving as co-CEO of FreeWheel, the prominent provider of digital television advertising technology. Knopper cofounded FreeWheel in 2007, sold it to Comcast seven years later for $375 million, and spent exactly 3.5 years at Comcast post-acquisition. Today, Knopper works as an advisor and board member to many companies, collaborating with CEOs, boards, management teams, and venture capital partners, to help them scale and out-perform. Previously, Knopper spent six years as general manager at DoubleClick in New York and London and was part of the team responsible for its $1.1 billion sale. He also served as CEO of Bitpass, a financial technology company sold to Digital River in 2007. Prior to that, Knopper held senior roles at advertising agencies and broadcasting companies, including Chiat/Day, Lowe, JWT, and Bonneville Broadcasting.
JOE VERBRUGGE (MBA’97, P’24) Joe Verbrugge leads the Automatic Labs connected vehicle business, aftermarket product development, and retail sales for SiriusXM and has responsibility for the SiriusXM Canada business, where he also serves on the Board of Directors. Since joining SiriusXM in 2004, he has had a variety of executive leadership responsibilities spanning automotive partnerships and marketing, automotive remarketing, programming, Canadian business development and human resources/administration.
He previously was a consultant with The Dealy Strategy Group LLC where, among other responsibilities, he worked with SiriusXM on satellite and business development initiatives. He received an undergraduate degree from the University of Michigan, holds an MBA from Georgetown University, and completed a doctoral program at Oxford University.
Knopper holds an MBA from Georgetown University and a B.A. with honors from the University of Michigan. He currently resides in Palo Alto, California, but hopes to spend time on the Hilltop visiting his son, a member of the Undergraduate Program Class of 2024.
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NEW MEMBERS PARENTS ADVISORY COUNCIL ANDREW (C’91, P’24) AND LAUREN KARP (P’24) Andrew Karp is a managing director at Bank of America (BofA), where he is head of Global Investment Grade Capital Markets. He has been with BofA for 15 years and has 25 years of experience in finance. He graduated from Georgetown in 1991 and has an MBA from Columbia University. He also serves on the board of directors for the fintech startup DirectBooks LLC. Lauren Karp is a former elementary school teacher with a bachelor’s degree from the University of Richmond and a master’s in education from Manhattanville College. They met during their college years. Lauren spent much time on the Hilltop and became familiar with its charms and traditions. Andrew and Lauren are parents to Spencer (B’24). MAXIME AND ALEJANDRA POUPEL (P’23, P’24) Maxime Poupel, a French citizen, graduated from ISM Geneva and is the founder and manager of Neptune Invest, which specializes in public stocks and private equity.
He has 20 years of experience leading in diverse sectors including in the oil and gas industries, hospitality management, real estate, and CaaS telecommunication platforms. With a multi-faceted background, his business is mainly focused in Europe and Southeast Asia. Alejandra Poupel, a French, American, and Nicaraguan citizen, has worked in Christie’s Art Auction House in
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Paris and has been the head of the communications and development board of directors at the Marymount International School, Paris. She founded a luxury event planning business in 2013 that coordinates extraordinary destination experiences all over Europe and the globe for a discerning clientele including top Fortune 500 clients, pop stars, and royalty. Maxime and Alejandra say their proudest achievement is their two lovely daughters, Francesca (B’23) and Gabriella (B’24). AKRAM AND ANNE MARIE SAFFA (P’22) Akram Saffa is the co-founder and CEO of PIDev Holding, which invests in Europe and the Middle East in innovation projects and in the fields of new technologies, renewable energies, media, telecoms, and real estate. He also is the co-founder of Marine Holdings, an international group of shipbuilding and super/mega yachts. Safa also is involved in cinema as the executive producer of the film Capharnaüm, written and directed by Nadine Labaki, awarded at the 2018 Cannes Film Festival, and released in October of the same year. Born in 1958, Safa spent his youth in Beirut, until obtaining his baccalaureate degree from the renowned College of the Marist Brothers Champville. He moved to the United States in the late 1970s, earning a bachelor’s degree in civil engineering from Ohio State University and a master’s in civil engineering from the Massachusetts Institute of Technology. Together, Akram and Anne Marie are parents to Serena (B’22).
A MESSAGE FROM THE DEAN
DEAR BOARD OF ADVISORS AND PARENTS ADVISORY COUNCIL MEMBERS, When I first outlined my plans for creating an innovative and nimble culture at Georgetown McDonough, I knew it would prepare us for challenges to the future of higher education and business — I just didn’t predict we would be put to the test so soon. Yet, here we are amid a global pandemic, an unstable economy, and a growing movement toward racial justice. While many institutions and businesses may be struggling to keep up, I am optimistic about our future at Georgetown McDonough. By creating an organization ready to adapt to dramatic changes in our industry and in the world, we are better positioned for success. With this outlook, I am pleased that we continue on several strategic initiatives that look to areas of increasing importance in the business world. We will be joined by Professors Brad Jensen, Jason Schloetzer, and Vishal Agrawal to share updates on their work in the areas of business and global affairs; technology and the future of work; and the business of sustainability. We hope you can share your suggestions for how Georgetown McDonough can continue to advance this important work. We also will be joined by Professor Pietra Rivoli and board colleague Robert Flanagan, who will discuss the tremendous progress of our Pivot Program for formerly incarcerated D.C. residents. Now entering its third year, this program has shown how we can use our expertise in business to be a force for good in our community and help shape the narrative around hiring individuals who are now being judged by their future potential instead of by their biggest mistake. The Pivot Program is one of several initiatives at the business school that seek to right the racial injustice in the world. Our community also has engaged in town hall events this summer and will be forming task forces this fall to further explore how we can strengthen our community around diversity and inclusion for the long-term. I am grateful to you for your willingness to engage with us around these important topics even as I know you have many responsibilities in your professional and personal lives that are only heightened by all that is going on in the world. And, I know that our efforts will help us make a difference in the world.
Sincerely,
Paul Almeida Dean and William R. Berkley Chair Professor of Strategy
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SCHOOL UPDATE COVID-19 RESPONSE Dean Almeida has been in touch with the Georgetown McDonough community regularly throughout the pandemic. Read his messages on the COVID-19 page. The school also quickly assembled a Coronavirus Task Force, led by Chris Kormis, associate dean, chief marketing officer, and senior advisor to the dean. The Dean’s Office has held regular town hall meetings with both faculty and staff on topics ranging from preparing to teach remotely to school operations to maintaining the school’s sense of community. The Vice Dean’s Office also assembled the Online Pedagogy Team, led by Lee Pinkowitz, associate professor of finance. This group spent the summer working with faculty to design their fall courses for a virtual environment. Several students and alumni gained attention for their efforts to solve pressing issues during the pandemic: • Three Georgetown University students, Cooper Adams (B’21), Elisabeth O’Brien (C’20), and Peter DiGiovanni (C’21), helped create the FarmLink Project, which connects farmers with food surpluses to food banks facing shortages, bridging the gap between food insecurity and food waste. • Liam Marshall (B’23) started his own business selling “Thank You” signs in his home state of New Jersey to raise funds for medical workers on the frontlines of the pandemic. 10 | 2020 FA L L L E A D E R S H I P M E E T I N G
Three Georgetown University students, Cooper Adams (B’21), Elisabeth O’Brien (C’20), and Peter DiGiovanni (C’21), are joining the fight to help bridge the gap between food insecurity and food waste through the FarmLink Project.
• Adrian Hertel (B’20) developed a code that helped those with auto-immune disorders schedule grocery pickup slots at a time when the demand was outpacing the supply. • MBA students turned a planned volunteer opportunity at the Capital Area Food Bank into a virtual fundraiser that provided meals to those in need. • Jing Zhao (MBA’18) donated 3,000 face masks from China to Georgetown University. McDonough ensured their delivery to Georgetown’s Dr. Vince Winklerprins. The Georgetown McDonough community continued to find ways to connect in the virtual environment: • The annual MBA McDonough Cup, a month-long class competition, became McDonough Month, during which students engaged virtually on the themes of wellness, creativity, and broader community as they found ways to stay engaged in a close-knit program. • The Undergraduate Class of 2020 filmed a “Dear Class of 2024” video for the incoming students, welcoming them to Georgetown. • The Alumni Relations team worked with alumni from across Georgetown McDonough, including the board’s Karim El-Solh (MBA’89), to create a video welcoming the Class of 2020 to the alumni community.
SCHOOL UPDATE LEVERAGING OUR WASHINGTON, D.C., LOCATION A redesigned Executive MBA curriculum launched this fall adds greater flexibility in choosing electives and a sharper focus on what it means to learn in the heart of the nation’s capital. New courses include the Structure of Global Industries Residency, where students study international trade and investment, trade policy, economic growth, and monetary and fiscal policy, and Strategic Advocacy for Business, which explores how business intersects with the policy and government institutions and communities in the District of Columbia. As the COVID-19 pandemic was beginning to take hold in Asia in early 2020, the MBA program created an alternative Global Business Experience Vietnam residency in Washington, D.C., for students who were unable to travel or who were uncomfortable with the developing health situation at that time. It included site visits to various D.C. organizations, discussions with experts on the Vietnam economy and management and marketing practices in Vietnam, and visits to cultural attractions of Vietnam and Vietnamese cuisine.
REFLECTING OUR GEORGETOWN EXPERTISE AND IDENTIT Y The McDonough School of Business and the Walsh School of Foreign Service launched the Bachelor of Science in Business and Global Affairs program to prepare graduates to make meaningful contributions involving pressing global issues within business, government, and society. Georgetown Entrepreneurship has launched a podcast, Venture Forward, to tell the stories of Georgetown University student and alumni entrepreneurs.
GUIDED BY OUR JESUIT VALUES The A. James & Alice B. Clark Foundation has invested more than $12 million in Georgetown McDonough to support undergraduate financial aid and global real estate education, and to partner with District of Columbia Public Schools and Public Charter Schools in providing leadership education. Georgetown McDonough’s accrediting agency, the Association to Advance Collegiate Schools of Business, recognized the Pivot Program as one of 25 innovations that inspire change in the business school education landscape. This fall, the school will launch Georgetown Reach, an innovative new program for rising 8th-grade students and their parents from underrepresented minority groups that prepares them to attend a top-tier college like Georgetown.
Georgetown McDonough developed a new certificate in Discerning Leadership for the General Curia of the Society of Jesus, in partnership with Le Moyne College and Esade Business & Law School. This new program educates senior-level Church leaders in the combined disciplines of management education and Ignatian principles. The 2019 Georgetown McDonough Service Leadership Awards honored Leah Evert (MBA’19) for developing a foundation that supports cancer research, Jerome Smalls (B’19) for starting a social venture that empowers minority youth from lowincome backgrounds, and Kerry Pace, associate dean of MBA programs, for promoting wellness and inclusion in the MBA student body. The awards are supported by a fund created by Timothy P. Tassopoulos (MBA’83).
INNOVATION Georgetown McDonough launched recruitment for its new technologyenhanced M.S. in Business Analytics (MSBA), which will begin in January 2021. The mostly online program prepares students to become leaders who understand and use data to create, share, and sustain value. McDonough launched an MBA Certificate in Sustainable Business to prepare graduates to address urgent environmental and societal challenges that affect companies’ operations and business models.
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SCHOOL UPDATE The Full-time and Flex MBA programs now offer a STEM-designated management science major to ensure students are prepared to lead in an era of rapidly evolving business practices. This new offering provides numerous benefits to students, including better preparing them for jobs within the technology sector, as well as technologyfocused jobs within all other industries and sectors. The MBA program now opens with an intensive course introduced last year that focuses on Leading Teams for Performance and Impact. During the week-long course that launches the school’s leadership curriculum, students explore the dynamics of diversity and inclusion, implicit biases, conflict and civility, and giving and receiving feedback. New undergraduate and MBA electives for the 2020-2021 academic year were carefully designed to reflect the cultural, social, and racial issues happening globally and in the United States. Students will have the opportunity to think more critically about diversity and inclusion, business, leadership, and communication. Students enrolling in the Flex MBA program this fall will be able to complete the degree more quickly, now in as little as 26 months. By transitioning some core courses to electives or some semesterlong courses to seven-week courses, students can either complete the degree at an accelerated pace or have more flexibility to craft a schedule that better aligns with their work-life goals.
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To provide valuable professional development opportunities to students whose summer internships were rescinded, delayed, or postponed, the Undergraduate Program created a series of co-labs, where corporate partners, alumni, and professors provided non-credit opportunities for students to explore topics such as diversity and inclusion or business analytics.
FACULT Y ACCOMPLISHMENTS Over the summer, two long-serving members of the faculty celebrated their retirement. DAVID WALKER, John A. Largay Professor, and MICHAEL CZINKOTA, associate professor of international business, both began teaching at Georgetown McDonough in 1980. During his tenure, Walker founded the school’s Capital Markets Research Center (an antecedent of the Center for Financial Markets and Policy), and was pivotal in the launch of the MBA program in his role as dean of graduate programs and chair of the committee that led to the school’s accreditation. In addition to teaching, Czinkota held several important senior administrative positions for the U.S. government during the presidencies of Reagan and Bush, including in the Bureau of Export Administration and as Deputy Assistant Secretary of Commerce. He also was a pioneer in the field of international marketing. VISHAL AGRAWAL, Provost’s Distinguished Lapeyre Family Associate Professor, and ŞAFAK
YÜCEL, assistant professor, won second place for the Best Working Paper Award of The Institute for Operations Research and the Management Sciences Section on Technology, Innovation Management, and Entrepreneurship for “Non-Ownership Business Models for Solar Energy” (with Beril Toktay). Agrawal also received the 2019 Management Science Meritorious Service Award and was appointed as a department editor for the sustainable operations department of the Production and Operations Management journal. JENNIE BAI, and FERDINANDO MONTE have been appointed faculty research fellows by the National Bureau of Economic Research. Bai, associate professor of finance, was recognized for her research in debt pricing and joined the Asset Pricing Program. Monte, assistant professor of strategy and economics, was recognized for his research in how the mobility of people, goods, and information shape how individuals, businesses, and economies interact at a local and global scale. TURAN BALI, Robert S. Parker Chair of Business Administration, was invited to serve as chair of the asset pricing session at the American Finance Association meeting in January 2021.
SCHOOL UPDATE
Kasra Ferdows, Heisley Family Chair of Global Manufacturing, recieved the 2020 Shingo Research Award for his research on the S-curve theory of lean implementation. The award honors research that has significantly impacted and advanced the body of knowledge on operational excellence.
SIMON BLANCHARD ,
Beyer Family Associate Professor of Marketing, received the 2019 Outstanding Reviewer Award from the Journal of Consumer Research. He also has been reappointed as associate editor at the journal, as well as an editorial review board member at the Journal of Marketing and the Journal of Marketing Research. JASON BRENNAN ,
Robert J. and Elizabeth Flanagan Family Professor, is the co-author of the book Injustice for All: How Financial Incentives Corrupted and Can Fix the U.S. Criminal Justice System. SHILIANG CUI, assistant professor of operations and information management, received the 2019
Management Science Meritorious Service Award. Cui also received the Production and Operations Management Society College of Service Operations Emerging Scholar Award. ROBIN DILLON-MERRILL, professor of operations, was awarded the Best Paper Award for Track 13 Management, Systems Engineering and Cost for her co-authored article on “Unintended Side Effects in Complex Systems: Managing Project Risks and Wild Fires.” WILLIAM ENGLISH, assistant
professor of strategy, economics, ethics, and public policy, has been confirmed to the National Council on the Humanities. The council’s board is appointed by the president and confirmed by the Senate, and each member serves for six years.
KASRA FERDOWS, Heisley Family Chair of Global Manufacturing, and his co-author received the 2020 Shingo Research Award for his research on the S-curve theory of lean implementation. DOUG HOLLADAY, Heinz Christian Prechter Executive in Residence, is the author of the book Rethinking Success, which contains many references to his MBA course at Georgetown. ALLISON KOESTER,
Saleh Romeih Associate Professor, was appointed to the editorial board of The Journal of the American Taxation Association. ERIC KOESTER, adjunct professor of strategy, was named USASBE Entrepreneurship Educator of the Year.
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SCHOOL UPDATE LIZHI LIU, assistant
professor of strategy, received the 2020 Ronald H. Coase Award for the Best Dissertation in Institutional and Organizational Economics. MICHAEL O’DONNELL, assistant professor of marketing, received the Honorable Mention Ferber Award for the best dissertation-based article published in the Journal of Consumer Research. NEERU PAHARIA , associate professor of marketing, was appointed to the editorial review boards of the Journal of Marketing and the Journal of Marketing Research. REINING PETACCHI , Dottie and Tim Hobin Associate Professor, received The Accounting Review Outstanding Reviewer Award at the 2020 American Accounting Association virtual annual meeting. VICKI WEI TANG,
associate professor of accounting, received the International Leadership Award by the Eisenhower Foundation in recognition of her support for youth development, grade improvement, and crime prevention programs that work for disadvantaged children and youth in American inner cities.
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DAVID WALKER, John A. Largay Professor of Finance, and KEITH ORD, emeritus faculty, won a best paper award at the American Society of Business and Behavioral Sciences Conference for their paper “In Pursuit of Economics of Scope: Credit Unions’ Acquisitions of Banks and Thrifts,” published in the Journal of Accounting and Finance. ROHAN WILLIAMSON,
professor of finance and Bolton Sullivan and Thomas A. Dean Chair of International Business, has been appointed vice provost for education at Georgetown, where he will enhance the educational experience of undergraduate and graduate students on the Main Campus.
NEW FACULT Y Georgetown’s McDonough School of Business welcomed nine new faculty for the 2020-2021 academic year. Tenured and tenure-track faculty: RAHUL GUPTA, assistant professor of strategy Expertise: entrepreneurship, agglomeration, skill-biased technological change, labor markets Ph.D., Duke University DAWSON KAAUA, assistant professor of business analytics Expertise: integration of operations management, service operations,
queues, public sector operations, socially responsible operations to better understand voting research disparities Ph.D., University of Pennsylvania SUH YEON KIM, assistant professor of marketing Expertise: customer management (product returns and customization, customer journey analytics), branding (private labels, brand equity dynamics, human brands, star power), causal inference, applied econometrics, machine learning Ph.D., Emory University school’s accreditation
Non-tenured faculty: SUDIPTA DASMOHAPATRA, professor of the practice and academic director, M.S. in Business Analytics program Expertise: data management, unsupervised and supervised modeling, design of experiments, digital analytics Ph.D., Pennsylvania State University SATISH JOSHI, visiting associate professor of accounting Expertise: environmental life cycle analysis, corporate environmental management, alternative transportation fuels, bio-based materials, environmental accounting Ph.D., Carnegie Mellon University RANJANI KRISHNAN, visiting professor of accounting Expertise: management accounting, cost estimation, performance measurement, health care accounting Ph.D., University of Pittsburgh
SCHOOL UPDATE
Georgetown’s McDonough School of Business welcomed nine new faculty for the 2020-2021 academic year.
CLAIRE Y.C. LIANG, associate
teaching professor of finance Expertise: uncertainty in asset pricing, entrepreneurial finance, finance and growth Ph.D., University of Alberta; Ph.D., Cornell University MARIO R. RAMIREZ BASORA, professor of the practice in strategy and managing director, B.S. in Business and Global Affairs Expertise: optimal price instruments in voluntary emission markets, dividend policies, firm survival Ph.D., Cornell University ERIC TRAVIS SAMPSON, junior faculty fellow, Georgetown Institute for the Study of Markets and Ethics Expertise: ethical theory, epistemology, philosophy and economics, political philosophy, applied ethics Ph.D., University of North Carolina at Chapel Hill
SCHOOL ACCOMPLISHMENTS In its inaugural year, eight Georgetown McDonough seniors completed the Seniors Honors Thesis Program, where they had the opportunity to pursue research in a subject of their choosing with a faculty member. McDonough’s Venture Fellows Program, which provides students interested in working in venture capital with a yearlong appointment at a local VC firm, now includes undergraduate students. Full-time MBA graduates once again secured record salary numbers — seeing a 6% increase from last year’s average starting salary to $124,119. According to the 2019 Employment Report, the most sought after industries included consulting (35%), financial services (27%), technology (14%), and real estate (7%).
M.S. in Finance graduates reported an average base salary of $128,429 — a record for the program — with 100% employment. The Class of 2019 also received, on average, a nearly 50% increase in base compensation from the time of admission to within six months of graduation. The M.S. in Finance program added seven new corporate partners during this year’s MSF Summer Clinics, which provide students interested in career pivot with the opportunity to consult with organizations. The M.S. in Finance program also has launched an advisory council to serve as a critical link between the MSF and industry.
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SCHOOL UPDATE RANKINGS
FINANCIAL TIMES: Executive Custom Programs, 10th in the U.S. POETS & QUANTS: Undergraduate Business Program, 5th overall; 2nd for being worth its cost in time and resources, as well as for being instrumental in alumni reaching their dream career; 4th for the experience being life-changing; 5th for the alumni network; 6th for how extracurricular opportunities nurtured and improved their business skills; 7th among those who would recommend the program, for the quality of teaching, and for the opportunities to nurture and improve their business skills; 8th for how well the program prepared them for the world of work, as well as for being worth its cost in tuition; and 10th for believing their business degree will assist them in climbing to a new socioeconomic status
BLOOMBERG: Full-time MBA, 19th globally; 1st globally for having innovative and creative graduates; 1st in the United States and 4th globally for providing a diverse pool of candidates to employers; 5th globally for graduates showing exceptional entrepreneurial skills and drive ECONOMIST: Executive MBA, 10th in the United States and 24th in the world; 11th globally for the helpfulness of alumni to current students; 13th globally for both the number of overseas assignments and the quality of facilities; 14th globally for both the gender balance of students and the increase in salary one year after graduation FINANCIAL TIMES: Full-time MBA, 17th in the United States and 31st in the world; 3rd in the United States for international experience FINANCIAL TIMES: Executive MBA, 6th in the United States and 40th in the world; Among U.S. schools: 1st for both career progress and the percentage of students who are female, 2nd for the percentage of global experiences in the curriculum and for alumni aims achieved, 7th for incorporating corporate social responsibility topics into the curriculum, 8th for salary increase three years after graduation, 10th for faculty research in top journals
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PRINCETON REVIEW: Full-time MBA; 3rd for careers in nonprofits U.S. NEWS & WORLD REPORT: Full-time MBA, 25th; 2nd for international business; 5th for careers in nonprofits; 12th for real estate; 20th for entrepreneurship U.S. NEWS & WORLD REPORT: Flex MBA, 13th U.S. NEWS & WORLD REPORT: M.S. in Finance, 3rd among schools that offer an online MSF degree; 12th among schools with any online (non-MBA) graduate business programs
SCHOOL UPDATE SIGNIFICANT EVENTS January 28: Hariri Symposium, featuring Ted-style talks by students on the topic of “I made the difficult decision to do what’s right when…” February 10: Mark Dunkerley, former CEO of Hawaiian Airlines (Stanton Distinguished Leaders Series) February 20: Doug Bouton (C’07), co-founder of Halo Top Creamery (Georgetown Entrepreneurship) March 26: Webinar - Should the Markets be Closed?, featuring former Commodity Futures Trading Commission chief economists James Overdahl and Jeff Harris, along with former U.S. Securities and Exchange Commission chief economists Larry Harris, Chester Spatt, and Craig Lewis. Moderated by Michael Piwowar (MBA’94), executive director of the Milken Institute Center for Financial Markets and CFMP distinguished policy fellow. (Center for Financial Markets and Policy) March 27 - June 12: Global Virtual Seminar Series on Fintech (Center for Financial Markets and Policy) April 14: Pauline Brown, former chairman of LVMH (Moët Hennessy Louis Vuitton) North America and author of Aesthetic Intelligence (Stanton Distinguished Leaders Series, Georgetown Retail & Luxury Association, and MBA Alumni Advisory Council’s Committee on Diversity and Inclusion)
June 9: Infectious Disease and the Built Environment (Steers Center for Global Real Estate) June 17: Inside Entrepreneurship: The Power of Persistence, a Conversation with Gretchen Hansen (F’90), founder and CEO, Decorist June 25: One Person, Many Roles: Thriving Personally and Professionally with Daisy Dowling, CEO and founder of WorkParent, and Kesley Lents (MBA’18), cofounder and CEO of Two Birds (Stanton Distinguished Leaders Series) July 7: Alumni Industry Panel: Global Perspectives on COVID-19 July 9: Pivot Program Pitch Competition, featuring six members of the cohort of Pivot Fellows July 22: Ken Mulvaney, CEO of Benevolent.ai (Stanton Distinguished Leaders Series) July 30: New Debates and Tensions in Antitrust: The 2020 Vertical Merger Guidelines featuring Sen. Amy Klobuchar (Center for Business and Public Policy Georgetown on the Hill)
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GEORGETOWN UNIVERSITY MCDONOUGH SCHOOL OF BUSINESS Rafik B. Hariri Building 37th and O Streets, NW Washington, DC 20057 msb-boa@georgetown.edu (202) 687-3883 msb.georgetown.edu @msbgu @georgetownmcdonough @georgetownmcdonough /school/georgetownmcdonough