By the numbers
As the 2013-14 academic year gets underway, here’s a snapshot of some of the numbers that make up the current Marquette Business landscape.
|2,198||Students enrolled in “Intro to Applied Investing,” Marquette’s first MOOC, as of Sept. 20|
|2,187||Members in Marquette Business’ official LinkedIn group|
|1,360||Marquette Business Twitter followers|
|393||New freshmen for 2013-14, up 58 (17%) from last year. Marquette Business freshmen comprise nearly 20 percent of the 1,998 freshmen enrolled at Marquette University this year.|
|300+||Attendees at the Center for Real Estate’s second annual Real Estate Strategies Conference|
|86||Marquette Business’ 2014 U.S. News & World Report ranking among the “Best Undergraduate Business Programs"|
|81.8||Percentage of Marquette Business graduates who were employed, starting their own business, in grad school or the military within three months of graduation. Graduate outcome data 2012-13|
|14||The Accounting Program’s ranking in the 2013 Public Accounting Report for schools with 15 or fewer faculty. MSA program ranked #8|
|4||New professors, all in the Department of Management|
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Accounting prof’s study shows municipalities that file accounting restatements are penalized with higher bond interest rates
A new study co-authored by Dr. Kevin Rich, assistant professor of accounting, shows that local governments that file financial restatement disclosures are often later subjected to higher interest rates on publicly issued debt. This type of penalty is costly to taxpayers, Rich says.
“Let's say a city discloses a correction to a previously issued financial statement– a restatement – and then seeks debt financing,” Rich says. “Investors are looking at this restatement and asking, ‘How much can I count on the city’s reported numbers?’ Investors are going to price in some risk via increased interest rates.”
That risk, Rich says, is not insignificant – approximately 30 basis points, according to the study.
Marquette Business has announced the 2013 recipients of the Uline Scholarship. Seniors Logon Collins, Charles Hoover, Nicholas Kerger and Christopher Steffen were each awarded one $5,000 scholarship.
For the second year in a row, the leading distributor of shipping, industrial and packaging materials to businesses throughout North America, provided four tuition-specific awards to academically talented students enrolled in the college.
Abdur Chowdhury, professor of economics, commented on the correlation between the improving economy and housing market and the rising divorce rate.
Story appeared on LATimes.com, Sept. 18, 2013
Abdur Chowdhury, professor of economics, in separate interviews, commented on the relationship between gas prices and a possible attack on Syria, and the recent unemployment figures.
Marquette Business alumnus Scott Pelkola has joined Lincoln Financial Group (NYSE: LNC) as senior vice president and head of fixed income, the firm announced recently. Pelkola graduated with an MBA from Marquette in 1997.
In his role, Pelkola is responsible for setting, implementing and providing oversight for Lincoln's fixed income investment strategy. Among his priorities, he will drive and execute a fixed income process to support the company's multi-manager framework that includes portfolio management analytics, an asset allocation framework, and oversight of tactical fixed income asset managers.
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.