Dean's Report 2017-18

DEAN'S REPORT ISENBERG SCHOOL OF MANAGEMENT | UNIVERSITY OF MASSACHUSETTS AMHERST

Isenberg School of Management University of Massachusetts Amherst www.isenberg.umass.edu

2017 - 2018

TABLE OF CONTENTS

From the Dean

2

Graduate Programs

11

Alumni Community

19

Profiles in Philanthropy

3

Undergrad Success Stories

13

Ad Campaign

21

Business Innovation Hub

7

Building Our Talent Pool

15

Business of B-Schools

23

Our PhD Program

9

Students Making a Difference

17

Philanthropy at a Glance

24

2 | FACULTY

B

FROM THE DEAN

y channeling the drive of every member of the Isenberg community on this campus and beyond, we have risen in the national rankings and we are well on our way to becoming one of the top ten business schools in the country. The momentum is palpable.

We made this progress because of the energy and efforts of our faculty and staff, the drive and quality of our students, and the growing engagement and support of our alumni.

However, there is still much to do. To continue to improve, and truly become one of the nation’s elite public business schools, we need to continue garnering support for strategic investments in five key areas: augmenting our student experience, increasing our student scholarships, building on our diversity and inclusion efforts, improving our educational facilities, and growing faculty support that allows us to retain and recruit excellent talent. The stories in the following pages offer some excellent examples of some early successes in these initiatives.

This Dean’s Report is not only a summary of the 2017-2018 academic year, but of my ninth and final year as dean. I am excited about continuing to serve the Isenberg community and the entire University of Massachusetts Amherst campus as vice chancellor for development and alumni relations. I am taking this new role because I believe for Isenberg (and the campus) to succeed, alumni engagement is absolutely critical. Our alumni provide the margin of excellence to drive our strategic initiatives forward.

I believe our greatest accomplishment over the past nine years is the assembly of a faculty, staff, and leadership team that helps create a uniquely collaborative and energetic culture. It is the work that they do every day that will continue to draw outstanding students, engage our impressive alumni network, and enhance our reputation. I am very pleased to announce that Tom Moliterno will be interim dean. Tom has been Isenberg’s vice dean and associate dean for external relations and engagement for the past four years. He and I have worked closely on a wide range of school-level initiatives, including the construction of the Business Innovation Hub, financial and strategic planning, and other critical operational and administrative functions. Tom also holds the Earl W. Stafford endowed professorship in entrepreneurial studies, and is a world-class educator and researcher. His well-rounded approach to teaching, research, and institution building reflects the kinds of outstanding faculty that we are proud to attract.

Although I will most definitely miss being the dean of such an extraordinary school, I have complete confidence that our leadership, our new facilities, and growing alumni support, position Isenberg for continued success in the years to come.

Sincerely, Mark A. Fuller, PhD Dean, Isenberg School of Management Thomas O’Brien Endowed Chair

THOMAS P. MOLITERNO, PH.D

It is a privilege and an honor to serve as interim dean of the Isenberg School and fill the breach between Mark’s departure and the appointment of the next dean. I do not need to tell you that we are doing great things, and I look forward to working with you all to maintain our momentum over the coming year. We have many exciting milestones ahead, including the opening of our new building. So as we catch our breath following another terrific year, know that I am focused on making next year even better. See you soon.

DRIVEN TO GIVE

PROFILES IN PHILANTHROPY A committed group of donors provide essential support for our five key areas of impact: facilities, diversity and inclusion, student experience, scholarships, and faculty support.

We are grateful for the tremendous support we receive from our outstanding network of alumni, whose philanthropic actions continue to inspire our community. The impact of each gift extends well beyond its initial focus, helping to strengthen the experience at Isenberg.

The following donors are a small sample of those who exemplify that network.

Visit isenberg.umass.edu/give to learn more.

3

|

PROFILES IN PHILANTHROPY

“

Ultimately, my relationship with Isenberg and UMass is about people, education, networking, and pride.

It’s also about giving back.”

PA U L CA RNEY ΄82

PAUL CARNEY ’82 has demonstrated an exemplary level of commitment and devotion to Isenberg through his broad and increasing array of gifts to the school in support of all five areas of impact crucial to Isenberg’s growth.

When Isenberg’s Business Innovation Hub opens its doors next January, its state-of-the-art café and seating area will bear the proud name of Carney and his family. Recalling the Flavin Family Auditorium (2002), Carney chose to follow in that family’s footsteps. “I wanted my family’s $1M gift to have

similar prominence,” says Carney. The Isenberg accounting grad also created the Carney Endowed Professorship and the needs-based Paul J. Carney Scholarship for international students at Isenberg in support of students whose multiculturalism, he believes, is critical to an Isenberg education.

“Ultimately, my relationship with Isenberg and UMass is about people, education, networking, and pride. It’s also about giving back—paying forward my own experiences and opportunities to those who have and will follow me.”

1

2

DIVERSITY & INCLUSION FRAN HUTCHINS MBA ’13

FACILITIES LINDA COTTON RONAN ’82, a recently retired executive from Fidelity Investments and formerly with Andersen Consulting, has been regularly supporting Isenberg for the last 30 years. So, when one of the school’s fundraisers asked her to consider increasing her financial impact by naming a space in the new Business Innovation Hub, she saw the value in that opportunity. “I was toward the end of my career and the new building presented the right opportunity,” she says. In keeping with the value she places on human connections at Isenberg, Ronan chose to fund two conference rooms.

When thinking about her career, she is proudest of her ability to be an effective mentor and leader, moving people and businesses forward toward achieving their goals. “When I think about the things that matter the most, the people and experiences that shaped me into the person that I am, I put Isenberg high on that list. Giving back is one way I can honor the impact the L INDA COT T ON RONA N ΄82 school has had on me.”

“Long before I ever stepped on campus, people I never knew gave to Isenberg. I benefited from their support and now it is my turn to give back.”

An Isenberg education transformed Fran Hutchins’ career in advocacy from groundlevel work to a national leadership role. The Isenberg MBA graduate is deputy director of the Equality Federation, a national organization and network that partners with state-based organizations on behalf of LGBTQ equality.

Hutchins’ $25K commitment to Isenberg to help create scholarships underscores her gratitude to the school. As a broadly conceived scholarship, it also reflects her determination to empower first generation college students and/ or students from underrepresented populations.

“I was one of very few students of color in Isenberg’s MBA program,” Hutchins recalls.

“That’s one among many underrepresented populations that the scholarship will help.” At Isenberg, Hutchins learned everything from group dynamics to financial analytics to systems skills. Her application of these skills at Equality Federation has helped the organization to better fulfill its advocacy mission. “Isenberg took genuine interest in me and my goals as a student. I couldn’t have done the MBA without a fellowship from the school,” she says. Hutchins’ gift to Isenberg and its students continues her own family’s pattern of giving since her father established scholarships for students at his alma mater.

PROFILES IN PHILANTHROPY

|

4

3 Gary Cameron, guest lecturer in finance class

“

Without the financial support and time

commitment from alumni, our conference wouldn’t be such a success.

MACKENZIE WISE '19 PRESIDENT, WOMEN OF ISENBERG CONFERENCE

5

|

PROFILES IN PHILANTHROPY

STUDENT EXPERIENCE GARY CAMERON ’89, a senior portfolio manager with the global asset management firm Garda Capital Partners and the head of its USD trading team, has maintained his connection to Isenberg in a number of of ways. He helped create a scholarship for outstanding finance students from disadvantaged backgrounds.

The other half of his gift went without restriction to the Dean’s Fund for Excellence. “That’s because the dean knows best where my support will have the greatest yield,” Cameron says. A portion of that gift was indeed used to support a worthy cause: the annual Women of Isenberg Conference. For Cameron, one barometer of Isenberg’s continuous improvement was the increasing polish of the Isenberg student interns who joined him at J.P. Morgan Chase during his last five years at the company. As an engaged alumnus, Cameron deserves credit too for his own ongoing mentorship in the classroom as a frequent guest lecturer. He also helped manage a student team for Professor Mila Sherman’s Alternative Investments class.

4

5 Emma Jopson '20, McQuaid scholarship recipient

SCHOLARSHIPS CHARLES P. MCQUAID ’74 recently invested in an endowed scholarship that is making an Isenberg education more affordable for up to four outstanding students from McQuaid’s hometown of Ware, MA, and surrounding communities. The current scholarship recipient, Isenberg sophomore Emma Jopson ’20, is a native of Belchertown.

McQuaid, who served as co-founder, president and CIO at Columbia Wanger Asset Management, has “If Isenberg enabled Jopson to pursue her dream. “I worked hard in high school to graduate with a 4.0 and get were a stock, into Isenberg. But the costs of higher education were discouraging. Mr. McQuaid has lightened I’d invest the financial burden on my family and me with in it in a this generous scholarship.” Jopson’s two siblings heartbeat.” attend college and her mother has significant medical expenses. McQuaid is also an example of CHARLES P. MCQUAID '74 a committed alumnus and donor who has funded multiple initiatives. In gratitude to his former Isenberg professors, he created the $1.5M Charles P. McQuaid Endowed Professorship, to which Dr. Bing Liang has recently been appointed. In 2016, after 37 years, McQuaid fully retired from Columbia Wanger Asset Management. He remains professionally active as an investor and serves on two non-profit boards.

John Spinney confers with Vice Dean Tom Moliterno

FACULTY SUPPORT JOHN N. SPINNEY, JR. ’87 Long-time Isenberg supporter John Spinney, who is COO and CFO of the Boston-based hedge fund Bracebridge Capital, LLC is frank about his deep appreciation and respect for the faculty mentors he was fortunate enough to learn from when he was a student. The impact that these faculty—Professors Richard H. Simpson, James P. O’Connell, and Robert W. Lentilhon—had on Spinney’s career motivated him to work tirelessly to fund endowed professorships in their honor. Spinney began his mission with a generous financial contribution and by marshaling additional alumni support to create the Richard H. Simpson Endowed Professorship, the Accounting department’s first endowed faculty position. Spinney then made a $250K gift to fund the James P. O’Connell Endowed Professorship in partnership with a fellow accounting alumnus. He is currently in discussions to provide financial support to fund a third endowed professorship named for Professor Robert W. Lentilhon, and he recently pledged $1.5M in his estate plan to create the future John N. Spinney, Jr. Endowed Professorship in Accountancy. By championing the creation of endowed professorships, Spinney ensures that current and future generations of Isenberg students receive the same impactful education that he received.

PROFILES IN PHILANTHROPY

|

6

6,000 SQ FT LEARNING COMMONS

BUSINESS INNOVATION HUB GRAND OPENING CEREMONY

SAVE THE DATE: APRIL 12, 2019

This additional space and its dynamic design will help students feel that they are part of something larger than themselves and remind them that there should be no limitations in regard to their education and professional development.�

S AMANTHA BOARDMA N , MA R KETIN G ΄19

7 | BUSINESS INNOVATION HUB

T

he construction of the Business Innovation Hub is well underway and the Isenberg community is excited to see this new addition come to life. The Business Innovation Hub will provide the space needed to house our growing population of students and faculty. The addition will also create right-sized space for student support services such as career and professional development and events like career fairs and student club-run conferences that are currently held across campus. The project is set for completion in fall 2018, and will open for business January 2019 for the spring semester. isenberg.umass.edu/innovationhub

37 NEW VIDEO SCREENS FOR CLASSROOMS AND SIGNAGE

72,000 SQ FT OF STUDENTCENTRIC SPACES

EVENTS

CAREER

ACADEMIC

COLLABORATION

LEARNING COMMONS AND COURTYARD PROVIDE SPACE FOR UP TO 500 GUESTS

CHASE CAREER CENTER WILL NOW HAVE 15 INTERVIEW ROOMS AND 8 ADVISING OFFICES

3 STATE-OF-THE-ART CLASSROOMS WITH MODULAR FURNITURE TO SUPPORT GROUP WORK

8 NEW BREAKOUT ROOMS AND 9 ADDITIONAL CONFERENCE ROOMS FOR MEETINGS

BUSINESS INNOVATION HUB | 8

OUR PHD PROGRAM CELEBRATING 50 YEARS

With over 400 graduates, the Isenberg doctoral program celebrates its 50th anniversary.

INCREASE IN FEMALE ENROLLMENT

50%

1968 ⊲ Men made up 100% of the inaugural class of PhD candidates, shown (right) with their wives.

50

⊳

2018

47 41

40 Isenberg‘s current mix of 77 candidates is much more balanced.30

30

20

19

10 0%

40%

60%

80%

100%

4

2018

2000s

1990s

1980s

0

1970s

9 | OUR PHD PROGRAM

20%

LE FECMOMAING CLASS, IN 2017

WHERE ARE THEY NOW?

5

Industry Presidents

4

University Presidents

4

Provosts

31

Deans

14

Isenberg Professors

PHD PROFILES

LEAH NDANGA

GEORGE PETTINICO

CHEZHAM SEALY

“How do local, multinational corporations from emerging countries break into the international arena?” asks Leah Ndanga, a PhD candidate in management strategy. Through analysis of five emerging market multinational enterprises (EMMs) based in South Africa, Ndanga explored their decisionmaking, international target markets, and home country dynamics. Ndanga’s dissertation chair is fellow African Mzamo Mangaliso. “Mzamo helped me to leverage my economics background and embrace my Africanness.”

In his doctoral dissertation, 2018 marketing PhD graduate George Pettinico explored the uses and limitations of quantification-of-self devices like Fitbits and gamification.

One positive outcome: QOS can prove fruitful in consumer products aimed at goal completion. “My dissertation chair, George Milne, helped me to transition from a corporate marketing researcher to an academic researcher,” Pettinico recalls. “There is a true ‘one for all’ spirit at Isenberg.”

“Behavioral accounting research like my own has real-world implications,” says Chezham Sealy, who will join the University of Alabama’s accounting department in fall 2018 as an assistant professor. “My findings,” he says, “could help managers better design CSR (Corporate Social Responsibility) initiatives to maximize returns on investment as well as positive outcomes for society. And my research may well shed light on the ongoing debate to regulate CSR reporting.”

OUR PHD PROGRAM | 10

GRADUATE PROGRAMS Isenberg’s well-established graduate programs are consistently ranked among the top business schools. The school offers more specialized degrees to meet the demands of the market.

MASTER OF SCIENCE IN BUSINESS & ANALYTICS (MSB&A) The MSB&A is an accelerated program that provides graduates of non-business majors with the business analytics tools and techniques that are increasingly necessary to be effective in organizations of all kinds.

In its first year, the 35 student cohort successfully learned the vocabulary of big data within a 31 credit curriculum that covers core business management knowledge such as accounting, finance, operations, marketing, and more.

“

This program opens doors to work in different positions across different fields. It is not just about how to analyze data, but also how to make sense of it and apply it to your career.”

CONNOR DAY BS Mechanical Engineering '17 MSB&A '18 Rotational Engineering Leadership and Development Program, Raytheon

11 | GRADUATE PROGRAMS

ACCOUNTING TRANSITIONS PROGRAM Created to give non-accounting majors and professionals a path of entry into Isenberg’s MS in Accounting program, Isenberg’s transitions program has earned high marks from students and employees alike since its debut last summer. “We launched the transitions program in response to the high number of MSA inquiries from individuals with non-accounting backgrounds,” said Jeanne Bagdon, Director of Professional Programs for Accounting.

“

I learned everything I needed to know to prepare myself for the MSA over one summer. And I was so excited to land interviews with three of the Big 4 accounting firms and to secure a full-time position with PwC!” SYLVIA WU BS Nutritional Science '13, Cornell MS Accounting '18 Assurance Associate, PricewaterhouseCooper

6

2

15

#

#

#

MSA IN THE NORTHEAST PUBLIC ACCOUNTING RANKINGS, 2017

PART-TIME PUBLIC MBA

MS SPORT PROGRAM

U.S. NEWS & WORLD REPORT, 2019

SPORT BUSINESS INTERNATIONAL, 2017

3

#

ONLINE MBA IN THE WORLD

FINANCIAL TIMES, 2018

IS THE MBA DEAD? In a recent article with the Boston Business Journal, John Wells, UMass vice provost for Online Education, was asked how Isenberg was keeping MBA options relevant to more students in a time characterized by fewer applications and the closure of several programs across the country. Here is his response:

Having both an online and full-time presence and mixing them in the way Isenberg does is a competitive advantage. Students still like to get that online MBA at a university or a school that has a full-time presence because it attracts alumni and guest speakers. As long as we capture that and deliver it online, the online students get to take advantage of that as well.�

FULL-TIME MBA UP 19 SPOTS IN 4 YEARS

JOHN WELLS

U.S. NEWS & WORLD REPORT, 2019

UMass vice provost for Online Education

READ MORE AT WEDRIVETHEDRIVEN.COM

GRADUATE PROGRAMS | 12

UNDERGRAD SUCCESS STORIES

DRIVEN GRADUATES SHARE THE IMPACT OF ISENBERG ON THEIR FUTURE

CLASS OF 2018

As a junior, I participated in the Semester in the Profession Program (SIPP) with RSM which led to an internship and eventually, a full time offer almost a year and a half before I graduated.

Professor Cathy Lowry from one of my first classes (Intro to Accounting) has become my biggest inspiration and the Chase Career Center was also key to my recruiting efforts.”

I was amazed by the number of finance clubs and organizations offered to Isenberg students. I took advantage of this extensive network and chose to join the Minutemen Fixed Income Fund and Investment Club my freshmen year. My decision to stay active in both groups throughout college helped me develop the technical and soft skills I needed for a career on Wall Street.”

I have grown so much personally and professionally at Isenberg. My deep commitment to the National Society of Minorities in Hospitality positioned me to become the President of the UMass Chapter. In that capacity, I had the remarkable opportunity to participate in annual regional and national conferences and to take a leadership role in organizing a variety of events and meetings on campus.”

During my freshman year, my mentors in the Women in Business Club encouraged me to attend the Chase Career Center career fair. I am so grateful they did because it allowed me to make powerful connections with recruiters at top companies like TJX. Through Chase resources and internships, I received a job offer to become an Allocation Analyst before my senior year even started!”

FRANCESCA CORSARO

FREDERICO PINA

YUYU CHEN

ERIN MESSIER

AUDIT ASSOCIATE, RSM

CREDIT RESEARCH ANALYST, J.P. MORGAN

HOUSEKEEPING MANAGEMENT DEVELOPMENT PROGRAM, HILTON

ALLOCATION ANALYST, TJX

Accounting

13 | UNDERGRAD SUCCESS STORIES

Finance

Hospitality & Tourism Management

Management

50

EMPLOYMENT RATE AFTER GRADUATION

$57,000

MEDIAN STARTING SALARY 30

30

ACCOUNT I NG

MANAGE M E NT

20

OIM H TM

10

SPORT 0%

3 MONTHS OUT BBA, 2017

20

30

MARKE TING

BBA EXIT SURVEY, 2017

JOB PLACEMENT

40

F INANCE

CLASS OF 2017

41

40

87%

47

20%

40%

60%

80%

100%

19

10

4

0%

2018

2000s

1990s

1980s

1970s

0

I secured this position through a competition organized by the Isenberg Sales Club at HubSpot. After my success, I was encouraged to apply for the Business Development Representative position and within two weeks, I had a signed offer. I know I will stay involved as an alum.

My first step will be to join forces with those looking to build out the University's own annual sales competition.”

The students that I have surrounded myself with at Isenberg are truly driven. Their work ethic, tenacity, and hunger for improvement has encouraged me to push myself to limits that I didn't think possible when I entered college. There is no better learning experience than working through some extremely complex and challenging problems with awesome people late at night in an Isenberg break-out room.”

Isenberg has prepared me for this position by giving me a business background in a field that is mostly taught through kinesiology or other departments at other universities. As an Isenberg senior, I found that I was better prepared for the professional world than many of my peers, who sought out my advice on resumes, business attire, and other tasks related to the job search.”

CHRISTOPHER EASTWOOD

COLE GLADSTONE

BRIANNA STEWART

BUSINESS DEVELOPMENT REPRESENTATIVE, HUBSPOT

ASSOCIATE CONSULTANT BAIN & COMPANY

EXECUTIVE ASSISTANT, OPERATIONS BARJON GROUP

Management & Kinesiology

Operations & Information Management

50

1

#

PUBLIC IN NORTHEAST

BEST BUSINESS SCHOOLS U.S. NEWS & WORLD REPORT

TOP

10% OF AACSB-ACCREDITED B-SCHOOLS

Sport Management

UNDERGRAD SUCCESS STORIES | 14

0

BUILDING OUR

TALENT POOL NEW ASSOCIATE DEANS WILLIAM D. BROWN, JR. Associate Dean Undergraduate Programs

In his new role as associate dean for Undergraduate Programs, Bill Brown will combine his trademark thoughtfulness, progressive thinking, and efficiency in securing programs and opportunities for the success of our undergraduates and the faculty who teach them. Having served for four years as associate chair and associate professor in our Department of Accounting, Brown spearheaded its highly successful AACSB accreditation process. He received his BBA and PhD from Isenberg and has taught multiple undergraduate classes.

LINDA K. ENGHAGEN Associate Dean Professional Programs

Heading up Isenberg’s dynamic MBA programs as well as the new Master of Science in Business & Analytics program is veteran faculty and staff member Linda Enghagen. Enghagen has been a member of the Isenberg community since 1986. A professor of Hospitality & Tourism Management (HTM), she became associate and interim HTM chair by 2016. Enghagen is a graduate of Suffolk University Law School and the University of Wisconsin and has taught both master’s degree students and undergraduates.

15 | BUILDING OUR TALENT POOL

NEW ENDOWED PROFESSORSHIPS M. DAVID PIERCEY John F. Kennedy Endowed Professor

As the honoree of the newly created endowed professorship, M. David Piercey has shown exemplary commitment. He is the chair of Isenberg’s Department of Accounting and is also the John Spinney Faculty Fellow in Accounting. His research focuses on the effects of accounting regulations on auditors, investors, and companies. An accounting PhD graduate of the University of Illinois at Urbana-Champaign, Piercey teaches undergraduate and master’s degree courses in financial statement auditing and a PhD seminar in behavioral and experimental research methods.

BING LIANG

Charles P. McQuaid Endowed Professor

The recipient for the first Charles P. McQuaid Endowed Professorship is Bing Liang.

As Dean’s Faculty Fellow and professor of Finance, Liang has excelled in numerous domains of research, with publications in the Review of Asset Pricing Studies, Management Science, Journal of Finance, and other leading journals. A professor at Isenberg since 2008, Liang teaches undergraduate, master’s degree and PhD students.Liang earned his PhD in finance from the University of Iowa in 1995.

EMILY MA Associate Professor, Hospitality & Tourism Management

NEW FACULTY FACES

Graduate Certificate in Higher Education, Griffith University PhD Hospitality Management, Oklahoma State University

Our recent hires join an exceptional roster at Isenberg.

MS Hotel and Tourism Management, HK Polytechnic University BA Tourism Management, Zhejiang University

RUDOLPH BEDELEY Assistant Professor, Operations & Information Management PhD Information Systems, Bryan School of Business & Economics, University of North Carolina at Greensboro

KERRI BOHONOWICZ MSA Program Director, Lecturer, Accounting

MS Business & Economics, Alfred Lerner College of Business & Economics, University of Delaware MCE College of Engineering, University of Delaware

HUAN YANG Assistant Professor, Finance

MS Accounting, Isenberg School of Management, UMass Amherst

W. TIMOTHY MITCHELL Associate Department Chair, Associate Professor, Accounting

BBA Accounting & Information Systems, Isenberg School of Management, UMass Amherst

PhD Accounting and Business Administration, University of Kentucky BS Accounting, Auburn University

PhD Finance, University of Georgia PhD Chemistry, Brown University MA Chemistry, Brown University BS Chemistry, University of Science & Technology of China

SZU-HAN “JOANNA” LIN Assistant Professor, Management PhD Organizational Behavior and Human Resource Management, Eli Broad College of Business, Michigan State University MA International Business, Hough Graduate School of Management, University of Florida BA Public Finance/BS, Accounting, National Chengchi University

YI “ZOE” ZOU Assistant Professor, Operations & Information Management PhD Management, Smith School of Business, Queen's University MA Electronic Commerce, Dalhousie University BS Computer Science and Technology, University of Shanghai for Science & Technology

BUILDING OUR TALENT POOL | 16

STUDENTS MAKING A DIFFERENCE

Isenberg students work hard in and out of the classroom. They receive support from

the school through resources such as the Berthiaume Center for Entrepreneurship, faculty mentors and undergraduate advisors.

CITIZENS FIRST

Isenberg Citizens First (ICF), a program of the Isenberg Undergraduate Programs office and the first member of the broader Citizens First Initiative (CFI), was formed with the core belief that Isenberg students are citizens of the world, first and foremost, and that community and character are essential to the context of a business career. ICF offers a service internship abroad in partnership with various nonprofit organizations. The program gives students a chance to work with high school classrooms in South African communities, where students are provided with laptops for computer labs as well as training and education.

Students are also given the opportunity to improve Students teaching the lives of children in an students updated under-resourced orphanage technology in through the planting of a large South Africa sustainable garden.

(UN)LABELED The (UN)LABELED platform was born out of associate professor of marketing Elizabeth Miller’s class, and is a part of the Anti-Defamation League’s (ADL) contest “Innovate Against Hate.” This group of students hopes to motivate change by encouraging conversation between individuals in different identity groups.

17 | STUDENTS MAKING A DIFFERENCE

In Spring 2018 (UN)LABELED held an event asking students to identify misconceptions on what they are and what they are not to raise awareness about the impacts of stereotypes.

PROJECT YELLOW LIGHT ACLARITY Aclarity, LLC is a dynamic startup founded by two forward-thinking graduate students at UMass Amherst, Julie Bliss Mullen, an engineering PhD, and Barrett Mully, an Isenberg MBA '18 fellow with the Berthiaume Center for Entrepreneurship. Mullen had developed a Barrett and patent-pending electrochemical technology that removes pathogens, Julie presenting at Summer metals, and other impurities from water in a highly efficient and Accelerator. sustainable process. Seeking partnership to develop the business model, she enrolled in an entrepreneurship class where Mully served as a teaching assistant. Mully was instantly compelled by the startup’s viability. The two quickly formed a partnership and eventually won the top award in the 2017 UMass Innovation Challenge, claiming $26,000 in seed money.

The duo incorporated under Aclarity in May 2017 and collaborated with industry leader Watts Water Technologies, Inc. for the residential market before participating in Berthiaume’s 2017 inaugural Summer Accelerator. Having recently been awarded $27,500 from the Valley Venture Mentors Startup Accelerator program, the future of Aclarity is promising.

Since the medium is the message, any roadside ad asking drivers to pay attention and not text had better get right to the point. This principle was fundamental to the victory of the UMass student team made up of Isenberg undergraduate Kyle Pandiscio ’19 and BDIC graduate Julia Keefe ’17, whose award-winning PSA was displayed on thousands of digital billboards across the country. Pandiscio and Keefe came up with a dynamic design which autocorrects “Don’t Text and Drive” to “Don’t Text and Die”—to reinforce the concept that a texting-related accident can occur in a split second. Their project, “Auto Car-Wreck”, won first place out of 1,150 designs in the billboard display category for Project Yellow Light, a competition designed to bring about change.

STUDENTS MAKING A DIFFERENCE | 18

“

I believe there is great value in being able to network with fellow alumni and Isenberg students at these events.”

- ANONYMOUS EVENT ATTENDEE

2017 IBLA Honorees Earl Stafford (R) and Nick Markey (L) with Dean Fuller

Boston Alumni Night

Bruce Berkowitz '80 meets with Minutemen Equity Fund members

Isenberg Day at Fenway

19 || FACULTY FACULTY NYC Alumni Night

LA Alumni Brunch

Speaker Series with Bjarke Ingels & John Fish

AN ENGAGED

ALUMNI COMMUNITY GREAT BUSINESS SCHOOLS HAVE GREAT ALUMNI.

Our accomplished graduates provide a rich network of expert advice and opportunity to the Isenberg community. Over the past two years, we’ve increased the number of events we offer and have seen a tremendous growth in engagement.

96%

+8

ATTENDEES WOULD RECOMMEND OUR EVENTS TO OTHERS

8 EVENTS ADDED IN THE LAST TWO YEARS

ATTENDANCE DOUBLED OVERALL

2017 IBLA ISENBERG BUSINESS LEADERSHIP AWARDS (IBLA) is the school’s signature event, taking place each June at the Colonnade Hotel in Boston with over 300 people from a diverse array of industries. The IBLA honors two outstanding alumni for their success in business, service to the community, and contributions to future business leaders through their engagement with the Isenberg School and UMass Amherst campus. This year, the IBLA awards went to Earl Stafford ’76 and Nick Markey ’13, who were recognized for the pursuit of excellence in their field, uncompromising ethical standards, and demonstrated critical leadership skills.

HONOREES Earl Stafford, the principal honoree, founded the faith-based Stafford Foundation, which promotes self-reliance through opportunities that engage socially and economically distressed populations in community service. Stafford is also CEO of The Wentworth Group in Reston,Virginia, which invests in and provides business services to technology-focused small businesses, and is a strong supporter of Isenberg’s Berthiaume Center for Entrepreneurship.

Stafford’s present-day commitment to business and social responsibility mirrors the values he held as a student. “Isenberg not only teaches that balance; it practices it.”

Nick Markey, the recent alumni awardee, is the founder of the Markey Family Minuteman Scholarship Endowment Fund, which will offer scholarships to veterans and undergraduates in active military duty at Isenberg. He is also a senior auditor with Deloitte in Boston, and active with Deloitte’s UMass Alumni Committee and Isenberg’s Accounting Alumni Council. He spoke with passion about the significance of Isenberg alumni to the school’s future. “I believe in Isenberg and its positive impact in cultivating and inspiring leadership.”

ALUMNI COMMUNITY | 20

ALUMNI-FUELED

AD CAMPAIGN

Isenberg has a knack for getting the most out of students with a certain character. The ones with grit, the self-starters, the collaborators. It’s the reason we say, “We Drive the Driven®.“

MARC SCHNEIDER ’81

BERNARD LEE, MD ’11

MARCIE MUEHLKE ’12

VICTORIA VEGA ’88

CEO, Kenneth Cole

Chief, Plastic and Reconstructive Surgery, Beth Israel Deaconess Medical Center

Social Entrepreneur, Co-founder, fair trade bridal company Celia Grace

VP, Food Service Operations, Unidine

21 | AD CAMPAIGN

A

lthough the quality of an Isenberg degree is reflected in our ever-improving rankings, we still need to stand out among well-established graduate and undergraduate institutions, especially in the Boston metro area. To increase awareness of the school and its programs, and further elevate the reputation of Isenberg, we launched our second multi-channel advertising campaign in January-April 2018.

We wanted to demonstrate to the Boston business community— especially employers and prospective students—what it means to be Driven. In partnership with our advertising agency Forge Worldwide, we told some of the stories of our very own alumni, and showcased them with a smart tactical media plan that gained the most exposure and bang for our buck. We targeted business leaders, employers, and prospective students with content developed with the help of top media partners: The Boston Globe and Boston Business Journal. The

TONY JORDAN ’95

LI LI LEUNG ’03

Partner, EY, Fraud Investigator

VP, Global Partnerships, NBA

campaign also included ads in out-of-home placements (see below), transit, radio, digital display and video pre-roll. Campaign content themes were aligned with current events to make messages even more relevant, such as an article in the Globe featuring our sport management professor published during Super Bowl week.

Results: High-level exposure with 24,000,000 impressions and a 60% increase in traffic to Isenberg's website

Isenberg turns heads in Boston.

AD CAMPAIGN | 22

THE BUSINESS OF

B-SCHOOLS An Isenberg education is built on industriousness, agility, and fortitude. Our committed faculty and world-class administrative staff serve one of the largest student populations among top public business schools. We consistently deliver a best-in-class educational experience, despite the smallest endowment and full-time faculty in our peer set. The overleaf illustrates how Isenberg stacks up in these areas.

FINANCIAL SUMMARY FY 2017

$43,625,599 Total Endowment

$36,263,989 Total Operating Funds

SOURCES OF OPERATING FUNDS, FY 2017 TOTAL: $36,263,989

52% GENERAL OPERATING FUNDS 34% CONTINUING & PROFESSIONAL EDUCATION 7% CASH GIFTS AND ENDOWMENT INCOME 7% OTHER PROGRAM INCOME

23 | THE BUSINESS OF B-SCHOOLS

Philanthropy at a Glance Philanthropic support in all of its forms represents a growing mission-critical source of operating and investment funds at Isenberg.

TOTAL

$5.8M

FY 2017*

NEW PLEDGES

NEW CASH

$3.7M

$1.6M

BEQUESTS

$500K

Founded in 1947, the Isenberg School of Management at the University of Massachusetts Amherst has over 43,000 alumni in 82 countries. Isenberg offers its AACSB accredited courses to 5,100 students on campus and online. The School’s 3,600 undergraduates major in seven business disciplines, including industry specialties in hospitality & tourism management and sport management. Isenberg’s 1,500 graduate and postgraduate students earn MBA, MS, or PhD degrees.

WHO GIVES? 3,856 TOTAL DONORS It takes a community to build a great institution.

ALUMNI

FACULTY

2,608

& STAFF

45

PARENTS

ORGANIZATIONS

579

173 FRIENDS

451

*July 1, 2016 - June 30, 2017

The University of Massachusetts Amherst, founded in 1863, is the flagship of the fivecampus UMass system and ranked #29 among national public research universities, ascending more than 20 places in recent years. As the largest public university in New England, it incorporates modern teaching methods with new communication and information technology, yet remains an immersive, residential campus serving approximately 30,000 students across an array of academic programs. The Carnegie Foundation for the Advancement of Teaching classifies the campus as having the “Highest Research Activity.” A capital campaign that concluded in 2016 raised $379 million, surpassing the $300 million goal and making it the largest campaign in the history of Massachusetts public higher education.

ISENBERG.UMASS.EDU

TOP 15 PUBLIC BUSINESS SCHOOLS ENDOWMENT

0

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000

University of Virginia (McIntire)

1

Indiana University (Kelley)

2

University of North Carolina (Kenan-Flagler)

3

University of California - Berkeley (Haas)

4

Georgia Institute of Technology (Scheller)

5

University of Texas - Austin (McCombs)

6

University of Michigan (Ross)

7

University of Illinois - Champaign (Gies)

8

University of Minnesota (Carlson)

9

0

50

100

150

200

250

degree conferals 356 1351 343 482 UNDERGRADUATE ENROLLMENT 1079 625 1 2 322 3 895 4 1200 5 6 1677 7 821 8 9 940 10 935 11 12 701 13 990 14 15

0 1,000 2,000 3,000 4,000 5,000 6,000 faculty 113 318.08 160 175.88 FULL-TIME TENURE SYSTEM FACULTY 201.2 1 167 2 121.5 3 159.07 4 5 282 6 168 7 8 136.3 9 201.33 10 0 $100M 11 166.1 12 197 13 97 14

University of Washington (Foster) 10 University of Pittsburgh 11

Endowment not reported

University of Wisconsin 12 University of Georgia (Terry) 13 College of William & Mary (Mason) 14 University of Massachusetts - Amherst (Isenberg) 15

0

$100M

SOURCE: Top 15 public business schools ranked by Poets&Quants; Endowment, undergraduate enrollment and faculty data from publicly available sources.

$200

$300M

$400M

0

$500M

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000

15

0

50

100

150

7,000 8,000

200

$200

0

50

$300M

250

degree conferals 356 1351 343 482 1079 625 322 895 1200 1677 821 940 935 701 990 faculty 113 318.08

100

$400M

TABLE OF CONTENTS

From the Dean

2

Graduate Programs

11

Alumni Community

19

Profiles in Philanthropy

3

Undergrad Success Stories

13

Ad Campaign

21

Business Innovation Hub

7

Building Our Talent Pool

15

Business of B-Schools

23

Our PhD Program

9

Students Making a Difference

17

Philanthropy at a Glance

24

2 | FACULTY

Philanthropy at a Glance Philanthropic support in all of its forms represents a growing mission-critical source of operating and investment funds at Isenberg.

TOTAL

$5.8M

FY 2017*

NEW PLEDGES

NEW CASH

$3.7M

$1.6M

BEQUESTS

$500K

Founded in 1947, the Isenberg School of Management at the University of Massachusetts Amherst has over 43,000 alumni in 82 countries. Isenberg offers its AACSB accredited courses to 5,100 students on campus and online. The School’s 3,600 undergraduates major in seven business disciplines, including industry specialties in hospitality & tourism management and sport management. Isenberg’s 1,500 graduate and postgraduate students earn MBA, MS, or PhD degrees.

WHO GIVES? 3,856 TOTAL DONORS It takes a community to build a great institution.

ALUMNI

FACULTY

2,608

& STAFF

45

PARENTS

ORGANIZATIONS

579

173 FRIENDS

451

*July 1, 2016 - June 30, 2017

The University of Massachusetts Amherst, founded in 1863, is the flagship of the fivecampus UMass system and ranked #29 among national public research universities, ascending more than 20 places in recent years. As the largest public university in New England, it incorporates modern teaching methods with new communication and information technology, yet remains an immersive, residential campus serving approximately 30,000 students across an array of academic programs. The Carnegie Foundation for the Advancement of Teaching classifies the campus as having the “Highest Research Activity.” A capital campaign that concluded in 2016 raised $379 million, surpassing the $300 million goal and making it the largest campaign in the history of Massachusetts public higher education.

ISENBERG.UMASS.EDU

DEAN'S REPORT ISENBERG SCHOOL OF MANAGEMENT | UNIVERSITY OF MASSACHUSETTS AMHERST

Isenberg School of Management University of Massachusetts Amherst www.isenberg.umass.edu

2017 - 2018