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BUSINESS MATTERS ANISFIELD SCHOOL OF BUSINESS

Volume 6, Issue 2

Summer 2011

INSIDE THIS ISSUE: Anisfield School of Business Reaches Pinnacle of Success With Accreditation…….....……...Cover A Message from the Dean……..……………....2 Students Receive Honors............................…2 Alumni Profiles……………………….………..3 ASB Students Get Career Boost………………..4 ASB Launches Certificate Program in Project Management….................................4 Mercantile Competition, Students in Free Enterprise Contest and Trading Lab Contest Winners..….....................................5 New Faculty Join ASB ……………….......……6

ASB students proudly don T-shirts announcing accreditation by AACSB. Pictured, back row (L-R): Garret Santoro ‘11, Samuel Cruz ‘12, Koyes Ahmed ‘15, Adam Panella ‘11 and Dean Lewis M. Chakrin. Front Row (L-R): Erin Kaplan-Burns ‘11, Laura Hahn ‘11 and President Peter P. Mercer.

Nobel Prize Winner Paul Krugman Visits Ramapo.............................................7

Anisfield School of Business Reaches Pinnacle of Success With Accreditation The Anisfield School of Business achieved accreditation by AACSB International--The Association to Advance Collegiate Schools of Business--in January of this year. The designation was the culmination of a demanding, yet rewarding, five-year evaluation process. To achieve accreditation, a business program undergoes a meticulous internal review and evaluation process.  During this period, the school is required to develop and implement a mission-driven plan to satisfy 17 quality standards relating to faculty qualification and scholarship, strategic management of resources, interactions of faculty and students and a commitment to continuous improvement and achievement of student learning goals in degree programs. “Attaining accreditation by AACSB was only possible with the focused efforts of an entire team,” notes Dean Lewis M. Chakrin. “We are fortunate to have an outstanding faculty dedicated to student learning, with a commitment to professional development and scholarly research to inform their teaching, along with a student body that is motivated and engaged in expanding their knowledge and skills both inside and outside the classroom.” Great demands are placed on the business faculty when a school pursues accreditation and ASB professors met the challenge. The ASB faculty increased the intensity of their research activities, collaborating and advancing their fields in ways that enriched the classroom experience for the students. “The process was extremely rigorous, yet important,” says William Frech, Ph.D., a professor of International Business. “The faculty talked to students about their research and discussed the value of the work.” ...Story continued on page 7

Dean Lewis M. Chakrin, President Peter P. Mercer and Bernard J. Milano, who was instrumental in establishing a chapter of the organization on campus. Milano is a member of the Board of Governors of Beta Gamma Sigma and the Ramapo Foundation Board of Governors.


A Message from the Dean The past academic year has truly been an exciting and rewarding one for the Anisfield School of Business. After five years of hard work by the faculty and staff, the school has achieved accreditation by the Association to Advance Collegiate Schools of Business (AACSB). This establishes the Anisfield School of Business (ASB) as a member of an elite group of business schools offering the highest quality business programs in the world (see cover story). But our accomplishments over the past year do not end there. We also managed to inaugurate an exciting program of courses and student contests focused around our new Trading Lab (see page 5), launched a new Projects Management Certificate program that is already attracting an impressive number of working professionals from the business community as well as from among our own Ramapo student population (see page 4), and opened the doors of our new Cahill/ASB Career Services Office, which provides enhanced career development and placement services to our students (see page 4). And while it may be difficult to maintain the exhilarating pace of accomplishments we experienced last year, we certainly do not intend to rest on our laurels. To the contrary, we have already begun a number of new initiatives to further improve the quality of educational experiences we provide to our traditional undergraduate students and to grow our offerings to additional student populations that could benefit from the expertise and teaching skills we have to offer. In the former category we have begun work, through the Cahill/ASB Career Services Office, on how we might infuse additional career planning and professional skills development activities into our undergraduate program. In today’s difficult economic climate we are intensifying our efforts to ensure that our graduating students are fully prepared to successfully compete for the best jobs in the marketplace. With regard to our interest in growing our offerings, we have launched investigations into several new certificate programs for working professionals and a few potential graduate programs. The latter effort includes a comprehensive analysis of whether and how we might revitalize our MBA program. As you may recall, the Anisfield School of Business began offering an MBA program in 1998, but stopped admitting new students in 2004 to focus its resources on achieving AACSB accreditation. If we do decide to revitalize the program, it would most definitely be quite different from the original program in concert with dramatic changes in the business environment and leading edge trends and technologies in graduate business education. As part of the ongoing investigation, more than 100 Ramapo College alumni have volunteered to serve on an electronic panel that provides us with valuable feedback as we consider various options for the content and delivery of a potential program. If you are a Ramapo graduate from any of the schools within the College and would like to join our electronic panel, please contact Karen Norton at knorton@ramapo.edu. Stay tuned for updates on the continued growth and evolution of the Anisfield School of Business. As always, we welcome your comments and suggestions and greatly appreciate your continued support.

Dean Lewis M. Chakrin, Ph.D.

Installation of Beta Gamma Sigma Chapter

Bernard J. Milano congratulates Michael Ryan ‘12 on his induction into Beta Gamma Sigma.

Students Recognized at Honors Convocation Eight students were recognized for outstanding academic achievements at the College’s annual Honors Convocation. Each convening group within ASB selected a student. They were: Katherine Ross ‘11 – Accounting Delina Agnosteva ‘11 – Economics Joseph Birish ‘11 – Finance Kenneth Walsh ’11 – Information Systems Ja Yeon Lee ’11 – International Business Daniel Reimel ‘11– Management Amanda Zanotti ‘11– Marketing In addition, Alyssa Tummillo ’12 received the Book Prize and Nezabravka Dzhogleva ‘11 received the Faculty-Student Research Award.

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The Anisfield School of Business held its first Beta Gamma Sigma Installation and Induction Ceremony April 6. Beta Gamma Sigma is an international honor society that provides the highest recognition a business student anywhere in the world can receive in a baccalaureate or postbaccalaureate program at a school accredited by AACSB International. This year 56 students and 18 professors were inducted. The evening began with a chartering of the Ramapo Chapter led by Bernard J. Milano, who serves on the Beta Gamma Sigma Board of Governors and is president, KPMG Foundation. There also was a rendering of the Beta Gamma Sigma bronze key and plaque donated by KPMG Foundation and Milano, who also serves on the College Foundation’s Board of Governors. The Beta Gamma Sigma Chapter Honorees Award was presented to Richard and Millicent Anisfield, longtime supporters and benefactors of the Anisfield School of Business. The award was accepted on their behalf by Cathleen Davey, vice president of Institutional Advancement. The ceremony concluded by honoring the late Milton Gittens as Professor of the Year. Kathryn Zeno, professor of Marketing, accepted the award on his behalf. Zeno and Professors Anthony LaManna and John Scura shared their memories of their colleague with the attendees. The dinner was hosted by Professors Constance Crawford and Anita Stellenwerf, faculty advisors to the Ramapo College chapter. More than 150 students, faculty, administrators and guests attended the event.

Congratulations to Omicron Delta Epsilon Inductees Omicron Delta Epsilon inductees (L-R): Kyle Alan Ulscht ‘12, Ja Yeon Lee ‘11, Martin Cohen ‘12 and Laura C. Arias ‘12. Not pictured: Michael Finch ‘11, Shawn Laidlaw ‘12, Silvia Porres ‘12, Victoria Ungvary ‘13 and Delina Agnosteva ‘11.

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Alumni Profiles Whether a seasoned professional or a newly minted grad, it’s more than just book knowledge alumni fondly recall and credit for their career pursuits. Here, Business Matters brings readers up-to-date on four graduates of the Anisfield School of Business.

JoAnne Geylin ’86 is a manager in the Tax Department of EisnerAmper, LLP in Hackensack, NJ. She has more than 10 years of experience in tax, estate planning, trust preparation, partnership and non-profit organizations. “Ramapo prepared me for my career by giving me a solid foundation in accounting and the confidence to pursue it,” she says. She began her career as a bookkeeper with a retail chain and decided to return to school to finish her degree. Geylin is appreciative of the flexibility of the accounting field, which allowed her to work on a per diem basis when her children were younger. She wants grads to know that they are more prepared than they think. “I have worked with many interns and first year staff from other colleges who are not nearly as prepared as the Ramapo students.” She advises students to focus on experience and skills they do have during an interview, rather than what they’re lacking. Geylin is licensed in New Jersey as a Certified Public Accountant and is a member of the American Institute of Certified Public Accountants, the New Jersey Society of Certified Public Accountants, the Board of Directors of the Bergen Chapter of the NJSCPA, the NJSCPA Cooperation with Bankers Committee, Paramus Chamber of Commerce and the Ramapo College Alumni Association. In addition, she is a member of the Finance Committee for Habitat for Humanity of Bergen County. Geylin enjoys her continued involvement with Ramapo College. “I get so much from the students,” she says. She learns from them, enjoys being on campus and is impressed with their maturity, knowledge and professionalism. Geylin recalls that Professor Ray Ragoli always mixed his audit stories in with his lectures. She says the stories helped her get through his classes, and the CPA exam. Maritza Guananga ’11 accepted a position as product controller at Goldman Sachs where she completed an internship. “Through internships, students learn valuable professional and organizational skills that are imperative in the workplace,” she says. Guananga recalls how little she knew as a freshman sitting in her first business course. “The ASB curriculum taught me how to solve problems, how to enter an unfamiliar field and adapt quickly and how to find and dissect knowledge.” She majored in Finance and carried a double minor in Accounting and International Business. Guananga served as president of the Finance Club, a member of the Executive Board of the Honors Program and a member of the SIFE Team. These experiences helped her learn how to delegate and manage people with different personalities. She views student leadership positions as growth opportunities that helped her overcome challenges, improve her oral presentation skills and become a socially responsible business leader. Guananga says her life was positively impacted by many faculty members and specifically cites Professors Juan Cabrera, Eric Haye and Katherine Yeaton as having “helped me push myself and be successful in different tasks.” Guananga is in the first AACSB-accredited graduating class. “With this stamp of excellence students can be sure they’re prepared to succeed in the financial world by receiving a top-notch education with a high caliber faculty.” Kenneth Walsh ’11 accepted a position with AT&T as an associate applications developer in the Management Transition

Exchange Program, serving as an internal consultant to AT&T. The Information Systems major will draw on a wide range of IT skills to solve business, programming and engineering problems. As a student, Walsh completed an internship as a systems engineering intern with the U.S. Army. “I was able to apply what I learned in ASB, business and computer-related skills,” he says. The opportunity taught him how to work on a deadline and deal with adverse situations. It also helped Walsh to make sure he was in a field he enjoyed. The best lesson he learned at Ramapo College was to take risks, a conclusion Walsh made as a student leader and athlete. It gave him the confidence to apply to large companies, and the interviews he had assured him of his abilities. Walsh was awarded Outstanding Student in Information Systems. A track stand out, he was a member of the Ramapo Student Athletic Advisory Committee, the New Jersey Athletic Conference SAAC, the Computer and Technology Club, the Association of Computing Machinery and the ASB Student Advisory Council. He also was a member of Alpha Lambda Delta, Omicron Delta Kappa, Chi Alpha Sigma, Delta Mu Delta and Beta Gamma Sigma. Walsh says as team captain he learned how to lead and manage a group and to put situations in perspective. “When a person is involved in a lot or focused on a particular goal it can become easy to lose sight of life. Taking a day or even a couple of hours off to unwind can revitalize you,” he says. He credits Professor Stephen Klein for pushing him to give his best on every project, Professor Romulo Magnaye for advising him during his job search and Dean Lewis Chakrin, a good resource during his job search. “Earning AACSB accreditation has been an exciting and important experience,” he says. “I got to see the progression each step of the way. It was also important to me during my job hunt. Several employers asked if ASB was accredited and I was able to answer yes.”

Michael Dillard ’07 is senior director of Memory Care for Emeritus Senior Living. Having a loved one with dementia shaped Dillard’s decision to enter the healthcare field. He received an associate degree in Business Administration from Essex County College and, prior to that, earned nursing certification at the Health Care Training Institute. After graduating from Ramapo College he earned a master’s degree in Public Administration at Rutgers University. He is responsible for the financial aspects of residents who have memory loss from dementia, Alzheimer’s disease or other illnesses. Dillard is a member of the College’s Educational Opportunity Fund (EOF) Alumni Board. Each summer, he speaks to entering EOF students enrolled in ASB about what they can expect as a college student. He also helps plan events for the EOF program, including recruiting students and increasing services for them. He serves as a mentor, providing practical advice that will help students in life and at the workplace. Dillard advises students to “keep pushing. You are never done. Graduation is one chapter in a life that will have so many pieces.” He also is a proponent of taking advantage of all the resources Ramapo College offers. He believes it helps a student distinguish himself from his or her peers. “You need to become more than a resume on the desk.” Dillard particularly enjoyed the experiential learning component of his education. “It’s more than theory. It helps you to think realistically about the world.” He fondly remembers Professor Susan Eisner as tough, but someone who pushed him to be prepared, and credits Professor Rikki Abzug’s courses in Human Resources as leading him to his career choice. He muses that many of today’s youth are technological wizards, but have not mastered one-on-one speaking skills, which Dillard deems essential. BUSINESS MATTERS

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ASB Students Get Career Boost The ASB Career Services Office, an extension of the Cahill Center, opened last September. Denise Sawyer-Johnson, Ph.D., assistant director/ASB career advisor, urges students to become career activists by taking a proactive, informed and methodical approach to their career development. She says, “Career development is the lifelong process of developing work values, forming a professional identity, exploring opportunities and testing them out through experiential activities.” The ASB Career Services Office has offered workshops such as “Why is a resume important?,” “Networking 101” and “What do you think you will find in your job search?” Several workshops were conducted with the participation of industry professionals. Harry Silver of Goldman Sachs presented “Perspectives on a Career in Finance” and “Mock Interviewing and Mentoring.” Kyle Boettke from ADP presented “Interviewing Skills.” Upcoming events include Job Search Boot Camp for Alumni, An Internship Consortium with the Mahwah Regional Chamber of Commerce, KPMG Mentoring Program and a Job Shadowing Program with several local businesses. Denise Sawyer-Johnson, Ph.D., is assistant director of the Cahill Center and ASB’s career advisor.

In the ASB Career Services Office’s first year of operation, approximately 800 sessions with students (face-to-face, phone and online resume revisions/assistance) have taken place since September 20 and 350 resumes have been reviewed. By offering comprehensive and relevant resources and strategically partnering with employers, the ASB Career Services Office will empower and coach students to take a focused and hands-on role in their occupational exploration, experiential opportunities and career development to achieve a fulfilling work life.

ASB Certificate Program in Project Management The ASB Certificate Program in Project Management provides the skills to join a fast-growing field with many job opportunities. Upon completion, attendees earn a certificate from Ramapo College and will have completed the required preparation for the PMP® and CAPM® Project Management exams and a custom work portfolio for use on job interviews. There are nine entry points per year for the 96 contact hour program. Classes meet three evenings a week during the summer and two evenings a week during the fall and spring semesters. The program may be completed in as little as 11 weeks. Director of Project Management Certificate Program John Thomas with a Project Management class.

For more information, log on to http://www.ramapo.edu/cipl/project-mgmt.html. Prospective students may also want to visit careerbuilder.com and type in “Project Management” to view current job openings in the field.

ASB Alumni Advisory Board Hosts Fourth Annual Networking Roundtable (L-R): Accounting students Rachel Wong ‘11, Cale Argentieri ‘12 and Andrew Gall ‘11 pick up networking tips from ASB Alumni Advisory Board member Jill Stanley ‘06.

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Up to the Challenge A team of students from the Finance Club advanced to a final round in the CME Commodity Trading Challenge. The team, which was guided by faculty advisors Professors Tim Haase and Juan Cabrera, finished in fifth place out of a field of 85 schools. Team members, standing, Kevin Medvecky ‘12, Guido Alonso ‘13, Maritza Guananga ‘11 and Marvin Mensah ‘13. Seated: Brian Noll ‘12 and Brian Malloy ‘12.

SIFE Team Participates in National Exposition

The Ramapo College SIFE (Students in Free Enterprise) team received second runner-up award in the opening round of the 2011 SIFE USA National Exposition. Back Row (L-R): Amanda Leach ‘13, Rachel Hecky ‘13, Stephanie Wooton ‘14, Takanari Tanahashi ‘12, Michael Ryan ‘12 and Brian Dressel ‘12. Front row (L-R): Ja Yeon Lee ‘11, Renee Schneider ‘12, Professor Kathryn Yeaton, Maritza Guananga ‘11 and Christian Chavez ‘14.

M eet the Wi zard s of Ramap o First place winners of the Fall 2010 and Spring 2011 stock trading competition, “ASB Wizard of Wall Street,” Kevin Leard ‘12 and Eric Thompson ‘14 succeeded in increasing the value of their mock portfolios by a greater percentage than all other contestants.

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ASB Welcomes New Faculty Timothy Haase, assistant professor of Economics, earned his M.A. and Ph.D. in Economics from Binghamton University, and his B.S. in Business Administration with a double major in Finance and Economics from Ramapo College. Tim has taught Current Issues in Economics, Economics of the Sports Industry and Monetary Economics. His research interests include macroeconomics, corporate finance, applied econometrics and sports economics. Yongbum Kim, assistant professor of Accounting, earned his M.S. in Applied Statistics from Michigan State University. He is currently working on his Ph.D. (A.B.D.) in Accounting and Information Systems from Rutgers University. Yongbum has taught courses in Principles of Financial Accounting, Principles of Managerial Accounting and Computer Augmented Accounting. His research interests include anomaly detection in transactional data, internal fraud and analytical review procedures. Romulo B. Magnaye, assistant professor of Management, earned his Ph.D. in Engineering Management from Stevens Institute of Technology. His research and teaching interests include operations research, complex product development, strategic management and international business. Romulo once held the position of assistant chief of the International Relations Division in the Office of the Philippine Minister of Natural Resources and was awarded a three-year fellowship by the British Council to attend the Camborne School of Mines in Cornwall, England. After receiving his postgraduate degree, he returned to the Philippines to manage the development of copper and coal mines while obtaining his M.B.A from the University of the Philippines. Alexis Nicole Smith, assistant professor of Management, received her doctorate in Organizational Behavior at the A. B. Freeman School of Business of Tulane University. Her area of research involves status, power and diversity in organizations.  In another branch of research, Lex focuses on worker health and safety in addition to the utility of various safety interventions.  She has published research in the Journal of Applied Psychology and European Journal of Work & Organizational Psychology, and contributed to edited books such as the Handbook of Prejudice and Discrimination and the International Encyclopedia of Organizational Studies.  In addition, Lex is a member of and has presented research at the Academy of Management, the Southern Management Association and the Society for Industrial and Organizational Psychology.  Kathryn Zeno, assistant professor of Marketing, earned her B.A. and M.B.A. from Duke University, and is a DPS candidate in Marketing/Management at Pace University. Kathy has taught New Product Management, International Marketing, Marketing Principles and Practices and Market Research. Her research interests include marketing behavior. Before joining academia, Kathy worked as a product manager at Kraft Foods and at Proctor and Gamble, and was the vice president of worldwide new business development for the Travelers Cheque Group of American Express.

Sabrin Center Hosts Two Panel Discussions The Sabrin Center for Business Excellence strives to be an academic center recognized for bridging research and practice, and helping to further business excellence in contemporary organizations. This year, Gladys Torres-Baumgarten, Ph.D., an associate professor of International Business, assumed the role of executive director.

Gladys Torres-Baumgarten, associate professor of International Business, served as executive director of the Sabin Center for Businesss Excellence in 2010-11.

The Center hosted two panels. “Excellence in Entrepreneurship,” held April 12, included Ray and Debbie Fallon, co-owners and executives with Ski Barn, a New Jersey-based skiing and snowboarding retailer and Ramapo College alumnus Joseph Gilligan ‘92, owner and CEO of Akadema, a New Jersey-based baseball products company. They explored the path from start-ups to successful businesses, and how they have worked to transform their interest in business and sports into successful entrepreneurial ventures. At the second panel, students heard three professionals in the health care field discussed their programs and the implications for nurses, the nursing profession and effective health care delivery at “Excellence and Innovation in Health Care and Social Service Delivery.” The Center was established by and named for Murray Sabrin, Ph.D., a professor of Finance and his wife, Florence.

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“Excellence and Innovation in Health Care and Social Service Delivery” panelists at the Sabrin Center for Business Excellence on March 28 included (L-R): Dr. Alieta Eck, co-founder and executive director of the Zarephath Health Center in Somerset, NJ, Margaret Einhorn, chief financial officer and treasurer of the Robert Wood Johnson Foundation in Princeton, NJ and Sister Gloria Perez, executive director of Eva’s Kitchen in Paterson, NJ.

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Nobel Prize Winner Paul Krugman Leads EEA Dedication Paul Krugman, Ph.D., professor of Economics and International Affairs at Princeton University, visited Ramapo College September 29 to preside over the dedication of the Anisfield School of Business as the new headquarters of the Eastern Economic Association (EEA).  At the time, Krugman was president of the EEA and the sixth president in the Association’s history to have been awarded a Nobel Prize in Economics. Ramapo College President Peter P. Mercer noted, “We are proud to be the new home of the Eastern Economic Association.” The EEA is one of the nation’s foremost organizations dedicated to the promotion of educational and scholarly exchange on economic affairs. The Association, under Krugman’s leadership, has started working closely on economic education programs with the Federal Reserve Banks of New York and Philadelphia and the Federal Reserve Board of Governors. The most notable program is the Collegiate Federal Reserve Bank Challenge.

Dean Lewis M. Chakrin, Steven Pressman, treasurer of EEA, Duncan Foley, president-elect of EEA, Paul Krugman, past president of EEA, Alexandre Olbrecht, executive director of EEA and Ramapo College President Peter P. Mercer.

“By partnering with the various Federal Reserve banks, the EEA is fulfilling its educational mission and helping students learn about the intricacies of the implementation of monetary policy,” said Alexandre Olbrecht, Ph.D., EEA executive director and an associate professor of Economics. While on campus, Krugman delivered a lecture to Ramapo students and guests on “The Liquidity Trap and Its Discontents” and witnessed the ribboncutting ceremony for the Global Financial Markets Trading Lab and the fifth floor of the Anisfield School of Business building.

Dean Chakrin said of Krugman’s visit, “What a wonderful opportunity for our students to meet one of the prominent economists of our time and to hear his thoughts on the critical issues facing our economy.” In addition to his work at Princeton and the EEA, Krugman is a regular op-ed columnist for the New York Times. He is the 2008 recipient of the Nobel Memorial Prize in Economic Sciences for his work on the trade patterns and location of economic activity.  Krugman was also on the staff of the Council of Economic Advisors from 1982-1983.

Anisfield School of Business Reaches Pinnacle of Success With Accreditation ...Story continued from front page Frech adds that accreditation requirements stipulated the curriculum be revised to make it more rigorous and that there be greater accountability for positive learning outcomes. “The faculty really came together on what the core learning goals of the program are,” agrees Karen Norton, assistant to the Dean of ASB. “The semi-annual assessment retreats evaluating student learning are the most stimulating and creative meetings we hold, where the faculty, as a group, delves into the data and brainstorms over ways to help all students attain the goals we set for them.” ASB students are the biggest beneficiaries of AACSB accreditation. The quality enhancements of an already strong program increase the opportunities for learning for those enrolled in ASB. David Escudero ’11 served on the Dean’s Student Advisory Council. “It’s been a unique experience to see the school grow into the elite program it has become,” he says. “The hard work put in will pay off dividends for years to come.” When the staff learned that accreditation was to be awarded they worked quickly to bring a chapter of Beta Gamma Sigma to campus so that students could be initiated into the global, 98-year-old honor society for business students. Bernard Milano, a member of Ramapo College’s Board of Governors and chair of the ASB Business Advisory Board, says accreditation also makes ASB eligible to establish a chapter of Beta Alpha Psi, the global honor society for Accounting, Finance and Information Systems majors. Ramapo College joins an elite group of institutions that have achieved business accreditation from AACSB International. Less than five percent of business schools worldwide have earned this hallmark of excellence in management education.  “AACSB accreditation assures potential students, faculty, grant makers and other financial supporters that the ASB offers a world class education,” notes Milano. “It sends a signal to all that Ramapo College and the ASB are committed to continuous improvement because AACSB continues to monitor our program annually and will return in 2015 for another full accreditation team visit.” “We’ve begun to cement a legacy that future students will not only benefit from, but continue to strengthen,” says Escudero.

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ANISFIELD SCHOOL OF BUSINESS 505 Ramapo Valley Road Mahwah, NJ 07430 www.ramapo.edu/asb

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Anisfield School of Business - Business Matters