2023 Fall Board of Advisors Meeting Program

GEORGETOWN UNIVERSITY MCDONOUGH SCHOOL OF BUSINESS

2023 FALL LEADERSHIP MEETING PEAK MOMENTS AND STUDENT TRANSFORMATION Washington, D.C. | October 12-13, 2023

1 | 2023 FALL LEADERSHIP MEETING

TABLE OF CONTENTS A MESSAGE FROM THE CHAIR OF THE BOARD OF ADVISORS

2

AGENDA

3

BOARD OF ADVISORS MEMBERS

4

PARENTS ADVISORY COUNCIL MEMBERS

5

NEW MEMBERS

6

A MESSAGE FROM THE DEAN

7

FIVE YEAR SUMMARY

8

SCHOOL UPDATE

11

A MESSAGE

FROM THE CHAIR OF THE BOARD OF ADVISORS

DEAR BOARD OF ADVISORS AND PARENTS ADVISORY COUNCIL MEMBERS, We will gather in Washington, D.C., for our fall meeting to discuss the peak moments that define the student experience at the McDonough School of Business.

The strength and rigor of our curriculum is paramount, but it’s also within the peak moments – the Executive Challenge, the Ethics Project, the First Year Seminar, global immersions and consulting projects, and more – that we breathe life into coursework, demonstrate concepts through real-world contexts, and allow students to apply their lessons in meaningful ways.

At our meeting, we will hear from Deans Prashant Malaviya and Patricia Grant to learn more about how we orchestrate these transformative moments, both big and small, throughout the student experience. We also will have the opportunity to experience some of these moments firsthand with Professor Jason Brennan, creator of the Ethics Project, and Professor Mario Ramirez, managing director of the Dikran Izmirlian Business and Global Affairs Program.

This is an exciting time to be at Georgetown McDonough, and I look forward to welcoming our new and current members to the Hilltop to discuss how we can leverage these teaching innovations and experiences to prepare students for careers of the future.

Sincerely,

Robert H. Steers (B’75, P’06, P’08, P’10) Chair Board of Advisors

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AGENDA

2023 FALL LEADERSHIP MEETING

THURSDAY, OCTOBER 12, 2023 4:00-5:00 PM EXECUTIVE COMMITTEE MEETING Hariri 415 7:00-10:00 PM BOA THE CALLED TO BE CAMPAIGN CELEBRATION Smithsonian National Air and Space Museum 600 Independence Ave. SW, Washington, DC 20560

PAC DINNER Alex at the Graham

1075 Thomas Jefferson St. NW, Washington, DC 20007

FRIDAY, OCTOBER 13, 2023 9:30-11:00 A.M. PRESIDENT DEGIOIA’S CAMPAIGN ADDRESS Gaston Hall 11:15-11:20 A.M. OPENING COMMENTS Rafik B. Hariri Building, Fisher Colloquium 11:20-11:25 A.M.

CHAIRS WELCOME

11:25-11:45 A.M.

DEAN’S REMARKS

11:45 A.M.-12:05 P.M. SETTING THE STAGE: PEAK MOMENTS AND STUDENT TRANSFORMATION 12:05-12:25 P.M.

TRANSFORMATIVE EXPERIENCES

12:25-12:40 P.M.

BREAK

12:40-1:15 P.M.

BREAKOUT GROUPS AND LUNCH

1:15-1:30 P.M.

FEEDBACK SESSION AND CLOSING COMMENTS

2:00-3:00 P.M.

PAC MEETING Hariri 415

3:00-4:00 P.M. UNDERGRADUATE RESEARCH SYMPOSIUM Hariri Pavilion

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BOARD OF ADVISORS MEMBERS EXECUTIVE COMMITTEE CHAIR

Joseph V. Amato (B’84, P’13, P‘17, P‘19) †

Eric Jordan (B’99, P’26)

William D. Anderson, Jr. (B’88, JD’94, P’16, P’23)

Doug Knopper (MBA’85, P’24)

Ajay Arora (P’18)

Robert H. Steers (B’75, P’06, P’08, P’10, P’22)

Dewey John Awad II (MBA‘96, P’27)

VICE CHAIRS

Natalie Barth (B’96)

Ann Misiaszek Sarnoff (B’83, P’17) Michael G. Psaros (B’89, P’21)

Joseph Baratta (B’93) Justin Berman (B’99) Timothy Warren Billings (B’95, P’25) Matthew Breitfelder Michael Brown (B’94) ‡

Theodore Kyriakou (B’95) ‡ Laurie Hodges Lapeyre (B’83, P’15, P‘17) ‡ Thomas LeClair (MBA’15) Zachary Leonsis (MBA’15) Claudio Macchetto (B’91, P’23) Loutfy Mansour (B’04) John McNamara (B’87, P’22) Karen Modena (MBA’99)

CHAIR EMERITUS

Greg Byrnes (JD’94, MBA’94)

Robert Bernard Nolan Jr. (B’74, P’01, P’05, P’14)

John J. Fauth IV (B’67, P’06, P’15, P’16)

Sina Chehrazi (B’13, L’17)

Nadim Nsouli (B’91)

PARENTS ADVISORY COUNCIL CO-CHAIRS

Ashley Davis (EMIB’15) Mohammed G. Dewji (B’98, P’25)

Wayne Clarke Plewniak (MBA’85, P’20, P’22)

Guillermo Pla (P’20, P’21, P’24) Monica Zobel de Ayala, (P’20, P’21, P’24)

Michele Docharty (B’89) William Paul Doucas, Sr. (B’82, P’11, P‘11, P‘15)

William Pruellage (B’95) Thomas Pryma (B’95, P’26) Marc Puntus (B’89)

Katherine Doyle (B’89)

Saleh Romeih (B’88, P’24)

EXECUTIVE COMMITTEE MEMBERS

Glenn Eisen (B’87, P’25)

Charles Sansbury (B’89, P’21, P’23)

Karim El-Solh (MBA’91)

Paul Simpson (I’89, P’21)

W. Robert Berkley Jr. (B’95) †

Hossein Fateh (P’24, P’27)

Dasha Smith (B’95, P’26)

Peter N. Crnkovich (B’78, P’11, P’13)

Alfred J. Fisher IV (B’96)

Federico Stubbe (B’98)

Farah Gokal-Ghazzawi (B’95, P’24)

Marc Sulam (B’84)

Robert J. Flanagan (B’78, P’10, P’15, P’17)

Cary Grace (C’90, P’22, P’25)

Joe Verbrugge (MBA’97, P’24, P’27)

Ann Gillin Lefever (B’86, P’24, P’25)

Kevin Griffin (B’98)

Rose Wang (MBA’18)

David M. Hooper (B’89, P’26)

Michael Weinstein (B’92, P’25)

Peter Jeremy Hornick (B’90, P‘21, P’24) ‡

Andy Willis (B’91)

Yongsoo Huh (B’94)

† Denotes Member, Georgetown University Board of Directors

Sonny Kalsi (B’90, P’25) † Jonathan R. Lynch (B’88) Gil Ashley Tenzer (B’84, P’17, P’21)

Sarkis Izmirlian (B’94, P’25, P’26) Daniel Jackson (MBA’03) Hubert John Pierre “JP” Jolly (B’97, P’23, P’25, P’26)

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‡ Denotes Member, Georgetown University Board of Regents ◊ Denotes Member, Georgetown University Board of Governors

PARENTS ADVISORY COUNCIL MEMBERS EXECUTIVE COMMITTEE

Sonia Alcantarilla (P’25)

Matthew Meyer (MBA’91, P’26)

Jeff Boyd (P’25)

Alejandra Poupel (P’23, P’24)

Sarah O’Brien Boyd (B’90, P’25)

Maxime Poupel (P’23, P’24)

Yamalat Yibrin Canahuati (P’25)

*Akram Safa (P’22)

*Patrick Adams (B’81, P’16, P’21, P’24)

Gonzalo de las Casas (P’23, P’26)

*Anne Marie Safa (P’22)

Guillermo Pla (P’20, P’21, P’24)

Teresa Dyke (P’23)

Sharif Saifi (P’25, P’25)

Monica Zobel de Ayala (P’20, P’21, P’24)

Wade Dyke (P’23)

*Ravi Sindhwani (P’22)

Alejandra Fernandez (P’26)

*Sue Sindhwani (P’22)

EXECUTIVE COMMITTEE MEMBERS

*Dian Fini (P’19, P’22)

Michalis Stavrinides (P’26)

Durga Bobba (MBA’96, P’23, P’25)

*Mario Fini (P’19, P’22)

Michael Steinberg (P’25)

Geetika Bobba (P’23, P’25)

Marcelo Gigliani (P’25)

*Douglas Stewart (P’22)

Mary Gay (P’20, P’23)

Terense Fuschich Hawit (P’25)

*Marcella Stewart (P’22)

William R. Gay (P’20, P’23)

Andrew Karp (C’91, P’24)

Ljubica Stiglich (P’23, P’26)

Lauren Karp (P’24)

Alp Taskent (P’26)

Brian Kosoy (P’25)

Serra Taskent (P’26)

Andrea Kosoy (P’25)

*C. Hasan Umur (P’22)

Nedjma Koval-Saifi (P’25, P’25)

*Leyla Umur (P’22)

Amy Nusrala McMaken (B’92, P’23, P’25)

Michael Weinstein (B’92, P’25)

Kurt McMaken (B’92, P’23, P’25)

Alison Weinstein (P’25)

Jennifer Meyer (MBA’95, P’26)

Lauren Wiener (P’25)

CO-CHAIRS *Abby Adams (C’83, P’16, P’21, P’24)

John Hock (P’21, P’23, P’26) Mary E. Hock (P’21, P’23, P’26) Edward Woo (P’24) Irene Jeesun Woo (P’24)

*Emeritus Member 5 | 2023 FALL LEADERSHIP MEETING

NEW MEMBERS PLEASE WELCOME THE NEW BOARD OF ADVISORS AND PARENTS ADVISORY COUNCIL MEMBERS: BOARD OF ADVISORS

PARENTS ADVISORY COUNCIL

Kevin Griffin (B’98) CEO, MGG Investment Group

Nadim N. Nsouli (B’91) Founder and CEO, Inspired Education

Alejandra Fernandez (P’26) Director, Grupo Ayucus

Loutfy Mansour (B’04) CEO, Man Capital LLP

Federico Stubbe Jr. (B’98) CEO, Prisa Group

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Michalis Stavrinides (P’26) Managing Partner, Banyan Investment Partners L.P.

A MESSAGE FROM THE DEAN

DEAR COLLEAGUES, It has been a whirlwind start to the semester. Just in the past few weeks, we traveled abroad to celebrate the launch of our Executive MBA program in Dubai, we discussed sustainability and decarbonization at the Leadership and Innovation Summit, and we convened with leading policymakers and executives to address the future of globalization.

These are extraordinary milestones, and I look forward to sharing these updates with you during the fall board meeting. We continue to find new ways to build our capabilities and leverage our differentiators as we shape the future of business: • Through our growing list of faculty-led centers and initiatives, we advance faculty thought leadership, address important issues in society, and inform the way we teach, learn, and practice business.

• With a focus on student success, we offer innovative new programs such as the M.S. in Global Real Assets to help prepare students to positively impact business and society, we have introduced transformative diversity and inclusion efforts in our student organizations, we have elevated our career offerings across all levels, and we remain committed to preparing our students to become leaders for tomorrow.

• Steeped in the Jesuit tradition of global discovery, we continue to expand our global mission with the official launch of the Baratta Center for Global Business, as well as through our new global programs such as the Executive MBA in Dubai and other immersive experiences abroad.

• With the ever-growing complexity of business, we deepen our understanding of the fields of the future with new events, research, and programs stemming from our AI, Analytics, and Future of Work and our Business of Sustainability Initiatives.

• And finally, with our Jesuit values as a compass, we continue to explore new ways to care for our community in mind, body, and spirit through wellness and whole-person programming.

As we innovate and push forward, I am grateful to all of you for shaping and transforming big ideas that will benefit the future of business. Each effort toward these goals, big or small, contributes to our combined legacy of impact. Thank you for all you do to continue to elevate Georgetown McDonough’s reputation for being the best in the world and the best for the world.

Best,

Paul Almeida Dean and William R. Berkley Chair Professor of Strategy

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FIVE-YEAR SUMMARY

FOR THE FISCAL YEAR ENDING JUNE 30, 2023

FINANCIAL DATA (IN THOUSANDS)

2023

2022

2021

2020

2019

Operating Revenues

$129,605

$124,862

$113,939

$114,100

$112,239

Operating Expenses

$83,908

$73,304

$64,013

$81,798

$78,061

Endowment Value

$141,947

$124,892

$113,776

$106,831

$103,295

Applications

4,241

6,057

4,618

3,228

3,324

Percent Admitted

13%

12%

11.8%

20%

16%

UNDERGRADUATE PROGRAM (BSBA)

Yield

57%

58%

58%

47%

56%

Enrollment (across all cohorts)

1,380

1,393

1,378

1,271

1,288

$62,052

$61,872

$55,000

$55,000

$55,000

94%

98%

98%

97%

97%

$101,636

$96,847

$85,213

$78,016

$75,822

* All applications from existing Georgetown University students.

Tuition Employed within 3 months of graduation Average salary

IZMIRLIAN PROGRAM (BSBGA) Applications

65

52

63

54

41 / 65 = 63%

39 / 52 = 75%

46 / 63 = 73%

78%

Yield - 40 / 41 = 98%

37 / 39 = 95%

42 / 46 = 91%

98%

116

112

79

41

$62,052

$61,872

$55,000

$55,000

Applications

1,428

1,537

1,625

1,482

1,358

Percent Admitted

62%

51%

48%

57%

60%

Yield

29%

32%

36%

29%

33%

Enrollment (across all cohorts)

495

519

535

509

526

$64,600

$62,300

$60,900

$60,900

$59,700

Percent Admitted* Yield* Enrollment** Tuition*

** Our cohorts are selected after their first year at Georgetown, and as such total BSBGA enrollment is expected to be around 110-120 students.

FULL-TIME MBA PROGRAM

Tuition Accepted offer within 3 months of graduation Average salary

92.5%

95.2%

95.3%

90%

92.3%

$149,256

$138,552

$126,107

$128,162

$124,119

FLEX MBA PROGRAM Applications

221

283

266

304

257

Percent Admitted

80%

75%

70%

65%

70%

Yield

60%

61%

60%

68%

71%

Enrollment (across all cohorts)

322

364

363

376

384

$57,360

$55,440

$47,355

$46,893

Tuition

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FIVE-YEAR SUMMARY

FOR THE FISCAL YEAR ENDING JUNE 30, 2023

FLEX MBA ONLINE

2023

Applications

143

Percent Admitted

63%

Yield

50%

Enrollment Tuition

2022

2021

2020

2019

45 $57,360

Employed within 3 months of graduation

N/A

Average salary

N/A

MIM Applications

698

547

514

364

92

Percent Admitted

40%

35%

23%

45%

59%

Yield

47%

51%

53%

41%

69%

Enrollment (across all cohorts)

132

97

61

68

31

$56,840

$56,000

$55,000

$55,000

$55,000

Tuition Employed within 6 months of graduation

Not available until Jan 2024

Average salary

Not available until Jan 2024

93%

N/A

N/A

N/A

$84,030

N/A

N/A

N/A

3426

MSBA Applications

216

180

284

N/A

Percent Admitted

68%

86%

63%

N/A

16%

Yield

62%

68%

65%

N/A

56%

Enrollment (across all cohorts)

193

159

111

N/A

1301

$64,680

$62,790

$59,500 / $61260

N/A

$53,000

Tuition Employed within 3 months of graduation

Not available until Jan 2024

82%

N/A

N/A

88%

Average salary

Not available until Jan 2024

$119,106

N/A

N/A

$73,020

Applications

315

284

326

307

198

Percent Admitted

73%

74%

69%

68%

84%

Yield

82%

82%

78%

78%

77%

Enrollment (across all cohorts)

328

328

324

276

230

$79,616

$78,432

$77,664

$76,992

$76,128

MSF

Total Tuition (for 32 credits) Employed within 6 months of graduation

Not available until Jan 2024

96%

100%

98%

100%

Average base salary

Not available until Jan 2024

$146,755 3yrs+exp $98,962 <3yrs exp

$112,000

$112,605

$128,429

9 | 2023 FALL LEADERSHIP MEETING

FIVE-YEAR SUMMARY

FOR THE FISCAL YEAR ENDING JUNE 30, 2023

IBP

2023

2022

2021

2020

70

47

76

66

53

Percent Admitted

79%

79%

78%

70%

83%

Yield

73%

78%

83%

87%

82%

41

30

45

40

36

$80,460

$79,650

$78,870

$78,090

$77,250

Applications

111

132

114

129

113

Percent Admitted

88%

79%

85%

74%

65%

Yield

61%

81%

52%

60%

88%

Applications

Enrollment Tuition

2019

EMBA

Enrollment (across all cohorts) Tuition

118

102

100

57

58

$153,414

$149,688

$146,772

$144,600

$142,080

MS-ESM Applications

208

151

Percent Admitted

69%

74%

Yield

43%

40%

53

45

Enrollment Tuition

$73,230

$70,740

Employed within 3 months of graduation

Not available until 2024

N/A

Average salary

Not available until 2024

N/A

MS-GRA Applications

84

Percent Admitted

64%

Yield

76%

Enrollment Tuition

41 $75,000

FACULTY Faculty Positions (full-time equivalents)

125

115

115

116

109

FT Global Research Rank

45

40

38

29

27

Endowed Faculty Positions

22

17

22

21

20

Staff Positions (full-time equivalents)

153

129

131

130

136

Vacant

24

28

N/A

N/A

N/A

STAFF

10 | 2023 FALL LEADERSHIP MEETING

SCHOOL UPDATE SUPPORTING OUR MCDONOUGH COMMUNITY The Undergraduate Program implemented new changes to its student organizational structure to foster an environment that encourages belonging, meaningful engagement, and collaboration across the student experience. The program has introduced a new student-led advisory board to ensure governance and student representation in the club decision-making process. Student organizations also will undergo an open access period for entry to promote transparency and equal opportunity while supporting the program’s efforts to foster belonging. The Undergraduate Program continues to provide comprehensive training, transparent communications, and clear policies to guide the operations of student organizations.

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LEADING AT THE INTERSECTION OF BUSINESS AND GLOBAL AFFAIRS Joseph (B’93) and Abigail (SFS’96) Baratta have made an $11 million gift to the McDonough School of Business, building on the foundation of previous gifts by the Baratta family and the success of the Georgetown McDonough Global Business Initiative.

This multifaceted gift comprises three parts: to endow, enhance, and enlarge the Global Business Fellows program; to name, endow, and support the Baratta Center for Global Business; and to establish the Baratta International Business Curriculum Endowed Innovation Fund.

The newly renamed Baratta Center hosted its inaugural Future of Global Business Conference, bringing together senior executives from the international business community, policymakers, and Georgetown faculty, students, and alumni for a far-reaching discussion on the future of global business.

The conference focused on global value chains, cross-border investing, artificial intelligence, and the future of globalization. The event featured speakers from across industries, including U.S. Secretary of Commerce Gina Raimondo, Moisés Naím, distinguished fellow of the Carnegie Endowment and former minister of trade and industry for Venezuela, and Joseph Baratta (B’93), global head of private equity at Blackstone.

INVESTING IN FIELDS OF THE FUTURE AI, Analytics, and the Future of Work Alberto Rossi, professor and director of the AI, Analytics, and Future of Work Initiative, convened leaders from across industries to assess how ChatGPT and AI-powered technologies will impact the world of work. The Future of Work Initiative hosted a panel with the Brookings Institution on the impact of AI on labor market outcomes, as well as conversations with QuantumBlack-McKinsey on the future of consulting and Edelman Smithfield on the future of finance. Rossi also organized a virtual event with Status Money on how AI language models will influence the evolution of robo-advisors and FinTech.

Business of Sustainability Over 400 students, business leaders, policymakers, and sustainability experts gathered at Georgetown McDonough to discuss critical issues related to decarbonization strategies during the inaugural Leadership and Innovation Summit. The summit was hosted by the Business of Sustainability Initiative to convene experts from across industries and discuss topics such as carbon offsets, renewable energy, and the supply chain and circular economy.

Attendees engaged in conversations with internationally recognized leaders in sustainability, including Hayes Barnard, chairman and CEO, GoodLeap and GivePower, Lauren Riley, chief sustainability officer, United Airlines, M. Sanjayan, CEO of Conservation

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International, and Nicole Steele, workforce and equitable access lead, U.S. Department of Energy, senior advisor, Environmental Protection Agency.

Students in the inaugural Master of Science in Environment and Sustainability Management cohort completed their capstone projects to culminate their experience in the 11-month program – delivering solutions to different types of organizations on a current sustainable business issue. The projects included large corporations such as Amazon, Starbucks, and Blommer Chocolate; solar energy firms such as Nexus Power Group; startups such as Splight; and environmental institutions such as the Department of Energy and the National Institute of Standards and Technology.

In a remarkable stride towards fostering positive change and societal impact, Georgetown McDonough’s Net Impact Club has been awarded for the second consecutive year the

prestigious Gold Status by the national Net Impact, a global organization dedicated to mobilizing the next generation of leaders for creating a better world. Over the last year, the club has orchestrated nine curated events aimed at providing networking and career pathing opportunities across impact-related industries, including education, nonprofit, government, corporate sustainability, renewable energy, and more. The club also successfully raised over $65,000 for the McDonough Social Impact Internship Fund.

Entrepreneurship and Innovation Georgetown Entrepreneurship hosted its annual Spring 2023 Rocket Pitch Competition, a classic “elevator-style” pitch competition where Georgetown students present a two-minute pitch in front of an esteemed judging panel and an audience of peers and professionals.

Of the 40 teams that participated, the grand prize winner of $1,500 and the winner of the People’s Choice Award of $250 was Georgetown

Business and Public Policy 11 undergraduate students in the McDonough School of Business and Walsh School of Foreign Service recently traveled to meet with legislators, policymakers, regulators, and market participants in Washington, D.C., and New York City to learn about current issues at the intersection of finance and public policy through the inaugural FinPolicy Trek, hosted by the Psaros Center for Financial Markets and Policy.

SUPPORTING FACULTY SCHOLARSHIP

REUSE, founded by Stephane Granato (SFS’24), Brooke Hodge (SFS’24), and Molly Austin (SFS’25). Georgetown REUSE focuses on reducing waste and increasing access to affordable clothes, school supplies, and dorm materials within the Georgetown community.

Georgetown students competed in the annual Georgetown Entrepreneurship Challenge Finals, winning thousands of dollars in prizes. Enna Health won the graduate division first place and Orbit won the undergraduate division first place grand prizes, amounting to $10,000 for each team to support their business ideas. Georgetown Entrepreneurship also handed out annual Georgetown Entrepreneurial Excellence awards to students, mentors, and faculty during the event.

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Undergraduate students from the McDonough School of Business and the Walsh School of Foreign Service convened renowned leaders at the intersection of venture capital, entrepreneurship, and public policy for the first student-led Venture in the Capital Summit.

In an effort to provide Georgetown undergraduate students with greater access to the global startup community, Georgetown Entrepreneurship matched students with startups in Mexico City through its inaugural Global Startup Interns program to provide an immersive internship experience abroad. Students traveled to Mexico over the summer to network with fellow Hoyas, learn about entrepreneurship, and explore the culture in Mexico City.

Thanks to a $4 million gift, McDonough has established the Annette N. Shelby Endowed Chair in Business & Leadership Communication with the appointment of Jeanine Turner, joint professor in the Georgetown McDonough School of Business and the Communication, Culture, and Technology program.

The gift will support experiential learning opportunities in leadership communication challenges through the MBA Executive Challenge, Leadership Fellows, Leadership Coaches, and other closely related curricular and co-curricular activities. It also will also go towards course instruction, development, and other programmatic initiatives.

The Steers Center for Global Real Estate published a new whitepaper titled Underwater Assets: Washington, D.C., and Climate Change that analyzes and discusses the findings of a flash food simulation they organized last fall – bringing together academics, district and federal government employees, and private investors to gauge the impact that flooding and rising sea levels would have on D.C real estate infrastructure and how public and private sectors could respond to the damages.

Business for Impact released the Young Adults and Workplace Wellness Survey in partnership with Bank of America, which examined the attitudes and priorities of 1,032 working-age Gen Z and younger millennials (ages 24-35) as these young adults return to the office.

Vishal Agrawal, Henry J. Blommer Family Endowed Chair in Sustainable Business, was awarded the 2023 MSOM Young Scholar Prize, which recognizes exceptional young researchers of 40 years or younger who have made outstanding contributions to scholarship in operations management.

Sean Blair, assistant professor of marketing, was recognized as having one of the top cited papers in the Journal of Consumer Psychology for the second year in a row for his paper, “When Sustainability is Not a Liability: The Halo Effect of Marketplace Morality.”

Jason Brennan, Robert J. and Elizabeth Flanagan Family Professor of Strategy, Economics, Ethics, and Public Policy, published a paper “Sexy but Wrong: Diversity Defenses of Democracy” as a chapter in The Epistemology of

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Democracy. Brennan also published a paper “‘Get a Job and Pay Your Taxes!’

What Utopophiles Must Say to the Western Poor” in Social Philosophy and Policy.

Shiliang (John) Cui, provost’s Distinguished Associate Professor of Operations and Analytics, published a book, Innovative Priority Mechanisms in Service Operations: Theory and Applications, by Springer. Cui also published an article “Pooling Agents for Customer-Intensive Services” in Operations Research.

Aishwarrya Deore, assistant professor of accounting, published a paper, “CEOs’ Structural Power, Prestige Power, and Target Ratcheting,” in Accounting, Organizations, and Society.

Timothy DeStefano, associate research professor for the Center for Business and Public Policy, published his research in a Harvard Business Review article, “People May Be More Trusting of AI When They Can’t See How It Works.”

Ricardo Ernst, Baratta Chair in Global Business and professor of operations and global logistics, published a paper, “More Bang for Your Buck: Best-Practice Recommendations for Designing, Implementing, and Evaluating Job Creation Studies” (with Paloma Bernal-Turnes) in the Journal of the Knowledge Economy.

Kasra Ferdows, Heisley Family Chair of Global Manufacturing, published a paper “Making Manufacturing Strategic for 21st Century” in Asian Management Insights.

Peter Jaworski, associate teaching professor of strategy, ethics, economics, and public policy, published a paper “The PID Odyssey 2030: Outlooks, Unmet Needs, Hurdles, and Opportunities – Proceedings from the IPOPI Global Multi-Stakeholder Summit” in Frontiers in Immunology.

Yunan Ji, assistant professor of strategy, was awarded the Young Economist’s Essay Award by the European Association for Research in Industrial Economics. Ji also published a paper “Provision of Hospital Price Information After Increases in Financial Penalties for Failure to Comply with a U.S. Federal Hospital Price Transparency Rule” in JAMA Network Open.

Jason Schloetzer, associate professor of business administration, was appointed director of the Institute of Management Accountants Research Foundation and editor of Management Accounting Quarterly.

Eliot Sherman, assistant professor of management, published an article “Dropping Anchor: A Field Experiment Assessing a Salary History Ban with Archival Replication” in Management Science.

Robert Thomas, professor emeritus of marketing, published a book, Finding Wisdom in Brand Tragedies: Managing Threat to Brand Equity, by World Scientific Publishing.

David Walker, professor emeritus, published a paper “Forecasting the 2020 and 2024 U.S. Presidential

Elections” in The Journal of Forecasting.

Quiping Yu, associate professor of operations and analytics, published a paper “Evidence of the Unintended Labor Scheduling Implications of Minimum Wage” in the Journal of Manufacturing and Service Operations Management. Şafak Yücel, assistant professor of operations and analytics, received the 2022 Meritorious Service Award from the Manufacturing and Service Operations Management journal.

GUIDED BY OUR JESUIT VALUES Georgetown MBA student government hosted its Operation: Cura Personalis Day to focus on personal wellness and mental health activities, including yoga classes, opportunities to de-stress, and recipes to emphasize food and nutrition.

Georgetown McDonough staff organized a volunteer opportunity at Capital Food Bank in September to help alleviate food insecurity in the Washington, D.C., region.

ADMISSIONS UPDATES The inaugural cohort of 41 students in the M.S. in Global Real Assets program joined the hilltop this fall.

The 12-month, full-time program is offered in partnership with Georgetown McDonough’s Steers Center for Global Real Estate to provide students with an innovative curriculum that prepares students for the new reality of the real estate and infrastructure marketplace.

With an average age of 26, the cohort of

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students represents 17 countries from around the world. The class brings a variety of diverse perspectives to the program, including a makeup of 41% U.S. diversity with 29% of students identifying as an underrepresented minority. The cohort has a strong background in business (54%), in addition to degrees in economics, arts and humanities, and social and behavioral sciences.

Georgetown McDonough recently welcomed its inaugural class of 53 students to the Executive MBA program in Dubai, which draws from the school’s top-ranked Executive MBA curriculum to educate emerging leaders in the Middle East, North Africa, and South Asia region, preparing them to lead with purpose in a dynamic and entrepreneurial business environment. The cohort represents a wide variety of global and regional organizations in all sectors, with 34% receiving an undergraduate degree outside of the United Arab Emirates and with citizenship from 12 different nations. More than half – 62% – already hold a master’s degree, and 36% are women. With a mean age of 39.7, they average more than a decade in management and 13.5 years of work experience. Over half of the class currently holds positions at the director, vice president, or c-suite level.

The Executive MBA program recently welcomed one of its largest classes to date, maintaining a strong representation of women (32%), underrepresented U.S. minorities (33%), and international students, as well as those with military experience

(30%). In a program known for building global business perspectives, 65% of the class has worked or traveled abroad for business, and 17% hold international citizenship, representing 10 countries.

The Full-time MBA welcomed 259 students this fall, representing the most diverse class on record with 42% U.S. history and 59% international students across 40 countries. The program also maintained the academic quality of the cohort with a strong GMAT median at 710 and an average GRE of 318, as well as a .5 increase in GPA to 3.34.

The Flex MBA increased its total enrollment in the part-time program by 17% with the introduction of the new Flex MBA Online, welcoming an inaugural cohort of 45 students this fall. 105 traditional Flex MBA students represent 40% women and 36% U.S. diversity with international students from 15 countries. The Flex MBA Online has 31% military students in its inaugural cohort and represents 36% women and 27% U.S. diversity.

The Master of Science in Environment and Sustainability Management program increased the class size by 17% and applications by 34% for its second cohort. 53 students represent 80% women, 21% U.S. diversity, and 26% international across 10 countries. The average undergraduate GPA was 3.55.

The Master’s in Management program increased total applications by 27.6%, welcoming its largest class to date with 132 students. The cohort surpassed gender parity for the fourth consecutive year at 55% women and represents 38% U.S. diversity. The

class includes 56% international students from 40 countries (up from 31 last year).

The incoming cohort also maintained a strong average GPA of 3.6.

The Master of Science in Business Analytics program welcomed an incoming cohort of 92 students. The class nearly reached gender parity at 48% women (up from 35% last year) and they represent 57% U.S. diversity (up from 44% last year). The cohort has an average age of 29 and represents 11 different countries.

OTHER ACCOMPLISHMENTS AND UPDATES Starting in fall 2024, students in McDonough’s D.C.-based Executive MBA program will benefit from the flexibility of hybrid courses and further elective customization while maximizing on-campus engagement with the Georgetown community. The new format delivers the same topranked, rigorous degree program with the added convenience of synchronous courses. Students will attend in-person classes one weekend per month with online sessions one Saturday per month, in addition to five week-long signature experiences throughout the 21-month program.

After a strong inaugural year of collaboration and partnership between Georgetown McDonough’s Office of

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Custom Executive Education and the Atlantic Council, the Women Innovators (WIn) Fellowship program officially welcomed 86 female entrepreneurs over the summer. This year, the program has expanded from one to three cohorts, including representation from Saudi Arabia, Bahrain, and the United Arab Emirates.

The Pivot Program celebrated 16 new graduates of the program in June as the fifth cohort received their certificates in business and entrepreneurship from the McDonough School of Business. The Pivot Program provides formerly incarcerated individuals with leadership and professional development through business and entrepreneurship to help them successfully transition and re-enter the workforce or start their own entrepreneurial initiatives.

Georgetown McDonough students, alumni, and community members came together to recognize the two decades of growth and innovation in the Undergraduate Program’s Operations and Analytics Major (formerly known as Operations and Information Management). The major was established in the early 2000s as one of the few offerings of its kind in business education and it has since grown to become one of the largest majors at McDonough with over 100 students and 23 full-time faculty.

The Undergraduate Program recently refreshed and updated its accounting curriculum to integrate analytics tools and data enterprise systems to teach students how to analyze accounting data for managerial decisions and use technologies that are necessary in a dynamic and changing world of work.

RANKINGS • Bloomberg Businessweek: Full-time MBA, 24th in the United States • U.S. News & World Report: Fulltime MBA, 24th in the United States, 3rd for international business, 7th for nonprofit careers • U.S. News & World Report: Flex MBA, 9th in the United States • U.S. News & World Report: Undergraduate Program, 13th in the United States, 3rd for international business

SIGNIFICANT EVENTS • March 15: ChatGPT and the Future of Work (AI, Analytics, and the Future of Work) • March 17: Undergraduate Stock Pitch Competition (Psaros Center for Financial Markets and Policy) • March 20: Leading on Sustainability: A Conversation with Peter Blommer (C’85) (Stanton Distinguished Leadership Series) • April 1: GAMBLE’s 2023 Diversity Dialogue Conference (Undergraduate Program) • April 11: Future of Private Equity with Joseph Baratta (B’93) (Baratta Center for Global Business) • April 18: Stuart Weitzman: A Designer’s Entrepreneurial Journey on the Road Less Traveled (Stanton Distinguished Leadership Series) • April 20: Real Estate Luminaries Series (Steers Center for Global Real Estate) • April 27: Business of Sustainability Series with Sargon Daniel (B’04) (Business of Sustainability Initiative) • April 26: Beta Gamma Sigma (Undergraduate and Graduate Programs) • April 28: Executive Challenge (Fulltime MBA Program) • April 29: Georgetown Africa Business Conference (MBA Program) • May 1: Operations and Analytics Major 20th Anniversary (Undergraduate Program) • May 15-19: FinPolicy Trek (Psaros Center for Financial Markets and Policy)

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• June 15: Pitch Competition (Pivot Program) • June 30: Graduation (Pivot Program) • July 26: Georgetown on the Hill – The Draft Merger Guidelines: First Impressions and Discussion (Center for Business and Public Policy) • September 14: Carbon Offsets Workshop (Business of Sustainability Initiative) • September 15: Leadership and Innovation Summit (Business of Sustainability Initiative) • September 27: Spencer Stuart: A Fireside Chat with Eric Woods (B’91) (Office of the Dean) • September 28: Entrepalooza (Georgetown Entrepreneurship) • September 29-30: Graduate Alumni Reunion (Office of Alumni Relations) • October 2: Future of Global Business Conference (Baratta Center for Global Business)

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

Updated October 2023