Leading Change: Rotman Commerce Impact Report 2016-18

IMPACT REPORT 2016 -2018 LEADING CHANGE

Rotman Commerce is growing and expanding, leading change for our students as they prepare for meaningful careers in a dynamic and rapidly shifting business environment.

The rise of new technologies and new ways

like John Shi (BCom ’17) and the Class of

of thinking about the future of work means

1964. Contributions like theirs – as well as

that every new start-up, every new innovative

the thousands of volunteer hours that our

business concept, or even every new hire has

alumni give to our students every year – make

the potential to make a significant impact on

it possible for us to offer the unparalleled

the way we live and do business. We don’t

education and inspiration that will allow

just want our graduates to be prepared for

the next generation of Rotman Commerce

that change – we want them to be at the

business talent to thrive.

forefront of it, bringing meaningful innovation

Leading change.

and leadership to organizations across

On behalf of all of us at Rotman Commerce,

Canada and the world.

I thank you for your involvement in our community. Together, we are leading change

Over the next five years, we will be investing

for Canada and the rest of the world. ›

new resources and energy into our program in areas that will empower our students to become change leaders themselves.

With new initiatives designed to incubate innovation

and

entrepreneurship,

foster

a deeper proficiency in the professional skills that are vital to success, and develop a truly global mindset in our students, we are empowering our graduates to embody the change that they want to create. And as always, our vibrant alumni – innovators, leaders, and participants in this exciting landscape – play vital parts as role models, mentors, teachers, and supporters who inspire this next generation of talent.

DAVID GOLDREICH DIRECTOR ROTMAN COMMERCE

This report offers a snapshot of our program activities over the past two years, and highlights the impact of support from donors

ROTMAN COMMERCE IMPACT REPORT 2016-2018 3

Our Program at a Glance The following figures are drawn from the 2016-17 academic year.

2,685

34% INT'L

66%

DOMESTIC

STUDENTS ENROLLED IN ROTMAN COMMERCE

57%

FEMALE

43% MALE

2017 Director’s Award Recipients

2018 Director’s Award Recipients

Academic Excellence

Academic Excellence

Kang Fu

Zi Tynn Cheng

Mouhib Nourallah

Steven Huynh

Scott Li

Kyungmin Kim

Taralyn Miller

Arvind Kulathu

Zhengquan Mao

Haozheng Li Nicholas Anthony Vavaroutsos

Diversity & Inclusion Akhila Chintalapati

1,782 STUDENTS IN SPECIALIST PROGRAMS (YEARS 2-4)

ACCOUNTING: 35.7% FINANCE AND ECONOMICS: 44.3% MANAGEMENT: 20%

Yue (Amy) Yu

74

unique Rotman Commerce courses offered (Fall/Winter)

281

sections

140

universities at which University of Toronto students can study on exchange

live and work in 33 countries around the world.

Anne Ageh Brandon Primozic Filip Pejic Sergey Sapel’Nyk

Leadership

students studied abroad

297

Rotman Commerce students received entrance awards to the University of Toronto

Claudia Jiang

in-course scholarships offered specifically for Rotman Commerce students

Judy Chow

Amanda Wildi Jennifer Zhang Jenny Nguyen

Spirit Barhayita Bhatia

Network is over 14,000 graduates strong. Rotman Commerce alumni

Innovation

210

41 The Rotman Commerce Alumni

Vivian Zheng

$44,574.61

Danica Radovanovic Helen Jiayuan Shen

Richard Ruizhi Zhang

Community Nitika Agarwal Adit Daga Isabel Kwok Elaine (Shao Yi) Lin Keiron Narine Kim Brecci Solidum

Innovation Geethika Nair Haris Raheel Aaron Shafton Weiyi Yun

Leadership Daisy Chak Karee (Yulong) Chen Rachel Levitt Leila Martin Arshiya Sehgal

TOTAL VALUE OF IN-COURSE SCHOLARSHIPS

ROTMAN COMMERCE IMPACT REPORT 2016-2018 5

Sowing the Seeds of Change Leading change for us begins even before we

admissions team, the Boardroom challenges

accept students into our program. Bringing

high school students to work in teams on a

top talent into the Rotman Commerce

business case solution. This past spring, nine

community starts with our recruitment

teams were selected to present their cases

activities, where we reach out to aspiring

in the one-day intensive final pitch event.

young businesspeople from around the

Members of the winning team were each

world. Events like our Experience Rotman

offered a $2,500 award towards their first-

Commerce Day and the alumni-organized

year tuition at Rotman Commerce.

Boardroom High School Case Competition help us to introduce our program to

Key to fostering the next generation of

prospective students. Each of these events

Rotman Commerce business talent is the

allows us to show high school students what

capacity to support them financially. We have

business – and our program – has to offer,

been fortunate to be able to establish three

and connect them with current students,

major entrance awards under the Building

staff, and faculty.

Canadian Leaders matching scholarship fund, established through a landmark donation by

At our Experience Rotman Commerce Day,

David Scrymgeour, BCom ’79. Through this

students get a first-hand view of our program

matching program, donations of $25,000 or

through mini-lectures by Rotman professors,

more are matched dollar-for-dollar to endow

a student panel, and networking time. The

scholarships at Rotman Commerce. ›

Boardroom Case Competition, by contrast, focuses

on

fostering

business

school

thinking in prospective students. A joint initiative of the Rotman Commerce Alumni Steering Committee and our recruitment and

ROTMAN COMMERCE IMPACT REPORT 2016-2018 7

Changing the Classroom As the landscape of business changes, so must the classroom that leads to it. While we are constantly adding new courses that reflect the newest research and thinking in business theory and practice, over the past few years, we have also sought to shift the structure of our curriculum to better prepare our students to succeed in a dynamic, international, and increasingly challenging job market.

This past year, we rebalanced our curriculum to introduce more business earlier in our students’ education. While the program retains our signature integration of business and the liberal arts, we are now bringing key in-depth introductory courses in finance, marketing, and accounting to students in their first year.

In recognition of the shift towards innovation

“The Rotman Commerce Intro to Business Design course turned my world upside down. Business Design taught me how to become comfortable with ambiguity and nonlinearity, which has ultimately altered how I see the world around me. It taught me how to turn ‘failures’ into opportunities to create something amazing from what I’ve learned. But most importantly, it has led me away from a very black and white way of thinking, allowing me to see opportunity in more places than before.”

MARINA DOMINGO CLASS OF 2018

and entrepreneurism, we have expanded our offerings in these areas with courses such as The CEO’s Toolkit, The Creative Destruction Lab, and Introduction to Business Design. We are also encouraging faculty and staff to deliver experiential

and

work-integrated

learning

opportunities that will allow students to put into practice the critical theoretical knowledge they gain in class. ›

ROTMAN COMMERCE IMPACT REPORT 2016-2018 9

A Community of Changemakers Over the years, we have witnessed the coming

For their part, our alumni continue to play

and going of trends of all kinds – in business,

vital roles at Rotman Commerce as mentors,

education, politics, social movements – but

coaches, guest speakers, donors, and stalwart

there has always been one thing that has

supporters of our program. Our alumni

remained constant: our incredible community.

mentorship program remains one of the largest at UofT, with more than 250 mentors signing

A cornerstone of our program, student life

up to offer their expertise and guidance.

has been the site of exciting expansion in our

Hundreds more of our graduates volunteered

community. From 2016 to 2018, we added our

their time to share their experiences, and help

support to six new student groups: the Rotman

our students gain vital skills and knowledge to

Commerce Business Design Association, the

succeed in their career aspirations. ›

Liquid Assets Dragonboat Team, the Rotman Commerce International Business Assocation, the Rotman Commerce Non-Profit Network, the Rotman Commerce Sales Association, and Rotman Commerce Students in Sports. In total, we now have sixteen student groups comprising both academic associations and interest groups. Over 300 students have been involved either in the leadership of the groups or event organization; through their involvement, they were able to gain valuable hands-on experience while contributing invaluable professional, academic, and social opportunities for their Rotman Commerce peers.

ROTMAN COMMERCE IMPACT REPORT 2016-2018 11

The Rotman Commerce Career Landscape The following figures are drawn from the 2016-17 academic year.

Changing Futures While careers are not necessarily the end-all and be-all of post-secondary education for everyone, there can be no doubt that landing that perfect job is a priority for many of our students. To that end, we’ve focused significant

88%

EMPLOYMENT RATE FOR JUNE 2016 GRADS

energy and resources to developing our career services to help our students become the future professionals they aspire to be.

Since 2016, we have strengthened our career services team and restructured the portfolio to add a deeper focus on career education for students during their studies. In addition to

JUNE 2016 GRADUATES BY JOB FUNCTION

SALES & MARKETING 17% ACCOUNTING 29% CONSULTING 7% FINANCE 31% OPERATIONS 1% OTHER 15%

offering career development programming in our traditional areas of accounting, finance, and management, we are also building programs in

entrepreneurship

and

less

traditional

industries. At the same time, we are working to engage a broader variety of employers to ensure that we match our student talent with the best fit possible. Our placement rate for new graduates remains high, at nearly ninety percent.

268

employers posted jobs with our Career Centre

114

on-campus employer information sessions

“The Career Centre brings CEOs, VPs, and senior-level execs to come and speak to students from first year on at Rotman Commerce, which increases our exposure to the people that we aspire to be as future leaders.”

BASSAM ABDELATIF CLASS OF 2018

In the past, our career services offerings were accessible only to students as of their second

1,624

one-on-one career coaching sessions offered

year of study. To better support students across the entire arc of their commerce education, we expanded services to include programming for first-year students, and extended our support to alumni for up to five years after graduation. ›

ROTMAN COMMERCE IMPACT REPORT 2016-2018 13

Leading Change by Supporting Students LEADERSHIP GIVING PROFILE JOHN SHI Leadership giving is one of the most important

associations, and I went to every event,” he

ways for donors and alumni to support our

recalls fondly. “A big part of the reason I’ve

students. Leadership gifts allow us to establish

achieved [this level of success] is because

new awards and scholarships, leveraging the

of what Rotman Commerce gave me. And

success and generosity of our community to

as young entrepreneurs, I think it’s really

reinvest in young Rotman Commerce talent.

important that we give back to society.” ›

John Shi (BCom ’17) is one such generous individual. A new graduate of the Rotman Commerce program, John found himself in a position to give back when he launched an education venture while still a student. Now a successful business owner and manager, John wanted to establish a new scholarship that would recognize leadership and volunteering in the name of his company, an education consultancy that helps international students

“…as young entrepreneurs, I think it’s really important that we give back to society.”

gain the additional skills they sometimes need to succeed in the wider business world. “Our company was doing quite well, and was funded entirely by U of T graduates, so we wanted to do something for our school,” he explains.

“And we thought ‘why not start something new, something to benefit future students?’”

For John, an interest in maximizing the educational experience led him to create the Uforse Scholarship in Volunteerism and Leadership at Rotman Commerce. “I joined all the clubs I could, I was part of student ROTMAN COMMERCE IMPACT REPORT 2016-2018 15

Leading Change by Supporting Students MAJOR GIVING PROFILE Investing in the long-term future of our

Peter Mitchelson (BCom ’64), says that for

students often requires a “big picture”

him, the motivation for giving stemmed from

view of the structural, developmental, and

his own experiences as a student.

strategic priorities that will best serve our students now and in the future. Many of

“I strongly believe the education I received at

our more established supporters opt to

U of T was a major building block helping me

contribute to these larger projects through

to achieve any success that I had,” says Mr.

a major gift to the program. Major donors

Mitchelson. “I am extremely grateful for that

are able to provide crucial support towards

education, for the friends I made there, and for

our strategic funding priorities, such as

the opportunity to experience first-hand one of

endowed scholarships, innovation and

the great cities of the world. The chance for all

entrepreneurship initiatives, and long-term

of us to ‘give back’ to help future generations

experiential learning projects. Through

receive the same opportunities is a blessing.” ›

their generous contributions, major donors advance our ability to be change leaders in business education and beyond.

Major giving can come in many forms.

Sometimes our major donations come from groups, such as the Class of 1964.

Recipients of the 2016 Building Canadian Leaders Scholarships meet with the Scrymgeour family.

This extraordinary class of leaders donated

Back row (l-r): Justin Glaspell, Caitlin Da Silva, Steven Scrymgeour (BCom ’85), Sandra Beaumont, David Scrymgeour (BCom ’79), Yang Song, Siobhan Scott.

1964 Scholarship will support exceptional

together to create a new scholarship in honour of their class year. The Class of students under the umbrella of the Building Canadian Leaders Fund. Class member

“I strongly believe the education I received at U of T was a major building block helping me to achieve any success that I had.”

Front row (l-r): Emily Naing, Disha Mittal, Purnoor Tak. ROTMAN COMMERCE IMPACT REPORT 2016-2018 17

ROTMAN COMMERCE ANNUAL FUND At Rotman Commerce, we are grateful for all

PLANNED GIVING PROFILE TRUDY AND HAYDEN

contributions to our program, no matter the amount. Many of our supporters choose to

Another way that our community supports

greatest needs in perpetuity. “After 35 years,

show their support by giving to the Rotman

our students is through planned giving – an

you ask yourself ‘what would our society

Commerce Annual Fund, which supports a

important but sometimes overlooked way

be like without an institution like U of T?’”

wealth of initiatives that meet the immediate

to contribute. Bequests, such as gifts of life

asks Hayden. “I can’t even imagine it.”

strategic needs of our program.

funds, or other giving vehicles, empower you

Gifts like these allow our donors to create a

While we sometimes run a dedicated campaign

to have a significant impact on the future.

lasting legacy, and enable us to provide future

for the Annual Fund, such as the 1,000 Hats

support for exceptional students and invest

Campaign, contributions can be made in any

Trudy and Hayden, a couple who have decided

in the ongoing development of our programs.

amount and at any time, and all donations go

to leave a general bequest, are one example.

A link between our past, present, and future

directly to improving the student experience.

When it came time to think of their estate plans,

communities, planned gifts are vital to building

Programs that have benefited from the Rotman

they said it was an easy decision. “We have

a strong foundation for the ongoing success

Commerce Annual Fund in the past include

a complete debt of gratitude to U of T,” says

of Rotman Commerce and the University

our Conferences and Competitions Subsidy

Trudy. To pay it forward, they have included

of Toronto. ›

Fund, our annual New York City Finance Trip,

insurance, proceeds of registered retirement

a gift in their will to support the University’s

and experiential learning initiatives, such as our Tax Volunteers, Consult for Impact, and Financial Literacy programs.

“Receiving scholarship awards has impacted my journey because I have been reminded that I’m not alone and that there are people who support me. These awards have also motivated me to do better and persevere when times get tough.”

CLARA YANG SCHOLARSHIP RECIPIENT CLASS OF 2021

Support of Rotman Commerce advances the program’s top strategic priorities including

“After 35 years, you ask yourself ‘what would our society be like without an institution like U of T?’” asks Hayden. “I can’t even imagine it.”

scholarships that provide deserving students with the resources, confidence, and support they need to succeed. ›

Rotman Commerce finance students in New York, November, 2017. Our annual New York City Finance Trip is supported by funds from our generous donors.

ROTMAN COMMERCE IMPACT REPORT 2016-2018 19

Ways to Give Everyone’s financial situation and philanthropic goals are different. Find your best fit here, whether it is a matching program, an annual gift, a bequest, a gift-in-kind, or another option. Each gift will support groundbreaking research and excellence in learning, and help the University to solve urgent global challenges and prepare the leaders of tomorrow.

The Last Word A MESSAGE FROM NELL REDLEY DIRECTOR OF ADVANCEMENT As the new Director of Advancement for

improve our capacity to offer innovative and

Rotman Commerce, I get the chance to speak

relevant programming, and award outstanding

ANNUAL AND TRANSFORMATIONAL GIFTS

and work with our alumni every day, and I am

and deserving students through scholarships

consistently impressed with their experiences

and bursaries. In this way, Rotman Commerce

Every day, Rotman Commerce alumni and

and the level to which they support their

alumni form an endless chain of talented,

supporters give their time and energy to help

communities. I have seen firsthand the

engaged individuals who can help to shape the future of business and society.

our students reach their boundless potential.

PLANNED GIFTS

generosity and responsibility that our alumni

Every year, generous donors like you go above

Gift planning allows you to make a strategic

embody in their roles throughout the business

and beyond with an annual donation to the

charitable donation that will have a much

world, and I am proud to represent and

If you haven’t already done so, I invite you

Rotman Commerce Annual Fund, which

greater impact than you might expect. Usually

advocate for this amazing community. The

to partner with us in leading change –

raises tens of thousands of dollars each year.

available to the University sometime in the

sense of interconnection and engagement that

whether as a volunteer, mentor, or donor to

These contributions demonstrate to the wider

future, a planned donation gives you the

I have seen among our graduates is one that

our program. ›

community that these donors have partnered

opportunity to establish your own personal

I see us developing in every single one of our

with us and believe in our work. Additionally,

legacy through a variety of vehicles suited to

students through the continued support and

transformational gifts have the ability to

your particular situation.

participation of our alumni and donor network.

These are many ways to make a strategic

At Rotman Commerce, our students gain the

donation tailored to your goals, needs and

strongest of academic foundations. But in

timeline.

addition to that, they also learn how to become

dramatically change and significantly impact the lives of our students.

For more information contact us at: rotmancommerce.giving@utoronto.ca

leaders – individuals who will positively affect

or go online and give at

For more information contact us at:

not only the business world, but also the

rotmancommerce.utoronto.ca/give

rotmancommerce.giving@utoronto.ca

communities in which they live and work. Our

ROTMAN COMMERCE

Nell Redley, Director of Advancement 252 Bloor Street West, Suite 4499 Toronto ON M5S 1V6 (416) 946-3017 nell.redley@utoronto.ca

alumni play a critical role in this education,

NELL REDLEY

as each generation of graduates supports

DIRECTOR OF ADVANCEMENT

the next through mentorship, professional

ROTMAN COMMERCE

networking, and generous donations that

ROTMAN COMMERCE IMPACT REPORT 2016-2018 21

Thank you to our supporters.

Your generous contributions have enabled us to accomplish so much.

Please note that the following list acknowledges donations made between May 1, 2016 and April 30, 2018. $100,000+ T. David Scrymgeour Bob McKeracher

$50,000-$99,999 Shelagh and David Wilson Fund at the Toronto Foundation John W. L. Winder

$25,000-$49,999 Costco Wholesale Canada Ltd. J&L Rogers Family Charitable Foundation Chunping Huang Anonymous

$10,000-$24,999 Institutional Equity Traders Association HSBC Bank Canada Norman Fraser Uforse Education Group Inc. Torquest Partners C. W. Scott Eric and Marsha Slavens

$5000-$9,999 Lorne Weil

$2500-$4999 Gordon A. Clancy Ernst & Young Matching Gifts Program for Higher Education Janet L. Lamb Elena Mascarenhas Conrad M. Siegel

$1000-$2499 Mark Weisdorf and Lorraine Bell Ronald B. M. Blainey Ron Bull Legacy Private Trust Foundation Ronald G Hosking Samuel Yen Farhan Ali Khan Gregory Kanargelidis

David Klug Mark A. Caranci Michael A. Tambosso Lorrie and Krystyna Goldstein Raymond Kan Robert L. McLeish Alan and Louise Redway Kenneth A. Valvur

$250-$999 Ravindar Bhojwani Stephen Brown Christopher Calenti Thomas M. Canning TELUS Cares Dennis H. Cartwright Pat B. Chaukos Class of 5T7 Commerce Rosa M. Del Campo Tom Elek Daniel Ellul Cameron Fellman R. Gary Seagrave Peter Gerhardt Mehrzad Ghassemi Ivan L. Hurlbut David J. and Sandra A. Johnston Siong-Kee Keh Mulhim Khan George Kosmas Andrea Kwan Edgar N. Legzdins Kathryn McCain John Minister Eric M. Pascal Rudolph G. Penner Anne M. Sado Wally J. Smieliauskas Roman Smolak Maureen Stapleton Stephen Stewart Larry A. Torkin Tuan Minh Tran Jeff Trapp Janice E. Witkowski Sarideen Abu Zahra Dilshod Zakhidov Anonymous

$249 and under Diana De Acetis David L. Adams

Diana Addeo Angela M. Albini Salvatore Amodeo Anders H. Au Mark Bank David A. Bishop Douglas K. Blair Albert T-C. Boey Leonard Cappe Salvatore Cesario Jenifer Man Yee Cho Lisa Conroy Michael Cooke Murray O Dalgleish R. David Nowell Jiayi Deng Andrea M. Englert-Rygus Bruce English Diane Fantinato Annette G. Filler John A. Foulds Garth D. Frazer Gary W. Getson Robert S. Goldberg Jared Eliot Green Stan Grudzinski Chen Guo Silvana Ho Anthea J. Horne Helen Hristienko Fion Hung Tanguy Josz Bong Suk Kang C. W. Karen Tse Ryan Keller Bill Kilfoyle Brian B. Kipping Enn C. Kiudorf Stanley H. Konar Pamela V. Korn (McIntyre) Aakrit Kumar Karlos Kwok Brian S. Lass Stanley F. M. Lee Muzi Li Jadie W. Li Yi F. Liu Kevin M. Lo Peter B. MacKinnon Lesley V. Mak Kevin Mak Ellen Malcolmson Andy Mark Brian J. McAulay Terence A. McNally

Andrew McRae Tarun Mehta Shalini Menon Arshaq Meraj Heather A. Mort Louis Mostyn Ronny Ng Stephenny Ng Colleges Ontario John and Dorota Parafianowicz Pradhan Prabhakara Hugh Preston Paul Quigley Justin Rawlinson Brent Rector Nell Redley Brian Riddell James W Ringrose Florence L. Saunders Deanne Saunders Mark Scarrow Manfred Schneider Ian Scott Keshav Seechurn Amar Sharma Nancy Sherman Mengze Shi David C. Shnier Manfred P. Simon Nicholas Martin-Sperry Theodore H. Spevick Joseph Yiu-Tong Tam Ralph R. Tassone Ajith Thilakan Sheila Thompson Wendy J. Tilford Timothy Tiong Caterina Ardito-Toffolo William Edgar Toyne Victor Tsui Felix Y. Tsui Yu Wang Michael D. Wennberg Jason Woo Mary Yang Lawrence G. Young Elliot Yung Andrew Zalvin Minnie Zheng Jun Zhou Anonymous (5)

Lead Change To renew or begin your contribution to the next generation of successful Rotman Commerce graduates, please visit us online at rotmancommerce.utoronto.ca/give

rotmancommerce.utoronto.ca

Lead Change. Get Involved.

Be Part of the Future.

252 Bloor Street West, Suite 4499 Toronto ON M5S 1V6 (416) 946-7168 rotmancommerce.utoronto.ca

The Rotman Commerce Alumni Network offers many opportunities for you to connect with alumni and students.

Find out more about upcoming Rotman Commerce alumni exclusive events and available volunteer opportunities at rotmancommerce.utoronto.ca/alumni.

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