Dean's Update November 2012
Finance alumni help pave students’ way to Wall Street
For the past 10 years, Marquette Business finance students have spent three days over fall break in Manhattan to meet with alumni at some of the world’s most prestigious financial services firms. This growing group of nearly 150 alumni provides a unique opportunity for two dozen students each year to network, navigate the streets and subways of Manhattan, and gain firsthand insights into this complex, fast-paced industry.
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A new Marquette Business study shows that fewer American couples got divorced during the Great Recession. Dr. Abdur Chowdhury, chair and professor of economics in Marquette’s College of Business Administration, has found that divorce rates in the United States actually decreased starting in early spring of 2008 with the deepening of the economic crisis; a trend that Chowdhury says has started to reverse. The first-of-its-kind statistical study, titled “‘Til Recession Do Us Part: Booms, Busts, and Divorce in the United States,” will be published in the journal Applied Economics Letters in early 2013.
Dr. Monica Adya, associate professor of management, has been recognized by the Decision Sciences Institute and the honor society Alpha Iota Delta with the 2012 Instructional Innovation Award. Adya earned first place out of 29 other entries for leading a collaborative project between Marquette Business project management students and Glasgow (Scotland) Caledonian University engineering and product design students. The yearly class project, which Adya has led for four years, mimics real-world global business situations that exist between project managers and engineers who often work in different parts of the world.
David King, associate professor of management, commented on the vulnerability of defense contractors like Oshkosh Corp. in light of ongoing military spending cuts.
Dennis Garrett, associate professor of marketing, commented on retailers shifting Black Friday sales earlier and earlier. "This is like a nuclear arms race—but in the retail sector—and Wal-Mart's leading the way. And when Wal-Mart leads the way, nobody else can take the risk of letting [them] get too far ahead."
Abdur Chowdhury, chair and professor of economics, discussed the current rise of U.S. jobs. "The U.S. economy is showing incredible resilience in the face of significant challenges," Chowdhury said.
Abdur Chowdhury, chair and professor of economics, commented on the Midwest's economic concerns about Hurricane Sandy, saying, "Nationwide, we are not going to see that much of an impact. The impact would mostly be concentrated in the East Coast. Food prices will be affected because supply transportation has been disrupted."
Marquette Business alumnus Todd Jones has been promoted to an executive officer position at Northwestern Mutual. Jones, a 1990 accounting graduate and currently vice president - product finance, has been named vice president and chief risk officer.
Jonathan Sohn, a 1995 accounting alumnus and senior vice president and chief financial officer for Wheaton Franciscan Healthcare, was named CFO of the Year by the Business Journal of Milwaukee. In its fifth year recognizing southeast Wisconsin’s accomplished CFOs, the Business Journal honored Sohn in the Large Private Companies ($250 million+) category.
Linda Edelstein, a 2011 executive MBA alumna, has been named executive director of the Milwaukee Youth Symphony Orchestra, the largest youth orchestra in the United States. She leaves her role as the chief operating officer for the United Performing Arts Fund.