Several influential media featured the accomplishments of the School of Management and the expertise of its faculty over the past year. Below is a summary of some of the school’s citations in prominent national and regional media. These media “hits” enhance the school’s national reputation and help to brand it as one of the nation’s top business schools.
The New York Times
Research by Kenneth Kim, associate professor of finance and managerial economics, was cited in The New York Times' DealBook blog in a post on Chelsea Clinton being named to the board of directors for IAC/Interactive Corp. Kim's research noted that naming a celebrity to a corporate board can increase the value of a company for as long as three years.
The New York Times
Lewis Mandell, professor emeritus of finance and managerial economics and current professor in the School of Management's Singapore EMBA program, was quoted in two New York Times articles in July. Mandell jokingly suggested that summer camps teaching children about finance should put on a show, "Foreclosure: The Musical," as an education tool. "It would show them just how some wrong decisions you make that seemed like great ideas worked out really badly," he said. In another article, Mandell advised parents to educate their college-bound children about establishing good credit. "If they're late on payment for a cell phone or a cable bill, they begin to injure their credit rating, and it can be on their record for seven to 10 years," he said.
The School of Management was mentioned in a Bloomberg Business News television report about the return on investment for an MBA. The report noted that the UB School of Management had an excellent return, as the average cost of $39,000 can translate into $1.7 million in earnings over the course of a graduate's career.
Research by Feng Gu, associate professor of accounting and law, was cited in an issue of CFO World. The article states that companies using overpriced stock in acquisitions can have long-term poor returns and may be subjected to big goodwill write-offs and even litigation by investors. "Corporate acquisitions with overpriced shares-many leading to goodwill write-offs-exacerbate the post-acquisition negative returns beyond the overpricing correction," Gu wrote.
Cristian Tiu, assistant professor of finance and managerial economics, was quoted in a Reuters article on how endowments are becoming more careful about using hedge funds after the recent financial crisis. "Most of the endowments now track the liquidity of their investments better, as well as the performance manager in a more formal way," Tiu said. "They are paying attention to these issues that perhaps they were not paying as much attention to in the past."
Forbes magazine has again ranked the School of Management as one of the best business schools in the world based on the return on investment it provides MBA graduates. According to Forbes, the ranking shows which business schools offer the best return on investment by comparing the cost of attaining an MBA-tuition, plus forgone income-to salaries earned by MBA graduates upon graduation and five years after graduation. When measuring the five-year gain as percentage of expenses (MBA profits divided by the sum of tuition, fees and forgone compensation) only three of the top 74 schools outperformed the School of Management (see Start-Ups).
Bloomberg Businessweek ranked the UB School of Management as one of the nation's best business schools in its biennial ranking of Executive MBA programs. The ranking is based on two surveys-one of Executive MBA graduates and a peer assessment by Executive MBA directors (see Start-Ups).
The Financial Times honored the school's Executive MBA program, ranking it as one of the best in the world. The school placed No. 29 in the U.S. and No. 62, worldwide, for its Executive MBA program, offered in Buffalo and Singapore. Among the ranking's many components, the Executive MBA program was No. 34 worldwide for graduates' salary growth, No. 30 for percentage of female faculty, No. 20 for percentage of international faculty and No. 59 for faculty research (see Start-Ups).
U.S. News & World Report
The School of Management's undergraduate program was once again ranked by U.S News and World Report as one of the country's best in the magazine's 2012 edition of "America's Best Colleges." The School of Management is tied for No. 81, higher than any other business school in the State University of New York system. The ranking was culled from a list of more than 600 schools accredited by AACSB International - The Association to Advance Collegiate Schools of Business, positioning the school in the top 15 percent of accredited undergraduate business programs (see Start-Ups).
The Buffalo News
Larry Sanders, professor of management science and systems, was quoted in a Buffalo News article on how the Internet has changed the way people buy tickets to sporting events. "I think what's happened is the market's much more efficient now," he said.
Hodan Isse, assistant professor of finance and managerial economics, was quoted in an article on financial challenges faced by refugees. "In developing countries, people can't go to the bank when they need a loan; they go to extended family members, close friends. It's community-based and it's a system that has worked," she said.
Tom Ulbrich, executive director of the Center for Entrepreneurial Leadership, was quoted in an article on a 58-year-old furniture company that has survived in a difficult economy by providing personalized service. "In today's ever-competitive marketplace there is ever more need to create loyal customers," Ulbrich said. "We know that loyal customers purchase more, take less support time, refer new business and are willing to give you the critical feedback that can improve your organization."