Haas NewsWire

Haas NewsWire, January 24, 2005

Financial Times Ranks Full-time Berkeley MBA Program Among Top Ten in US


The Full-Time Berkeley MBA Program ranked #13 in the world, and #10 in the US, according to the Financial Times 2005 ranking of MBA programs that was published in a
special section of the paper today, January 24.

This ranking puts the Haas School in top place among the world's public business schools. It also marks a major improvement over last year, when Haas was rated as #22 among international MBA programs. The school's three-year average ranking in the Financial Times is #17.

Haas faculty members were rated as the 8th best researchers in the world -- moving them again into the Top Ten internationally, where they have ranked for four of the past seven years. The Haas doctoral program was ranked #14 in the world.

Haas also ranked in the Top Ten in the following categories:
#3 in economics (based on alumni recommendations)
#8 in entrepreneurship (based on alumni recommendations)
#8 in top salaries in finance and banking

Haas is now ranked as having a Top Ten MBA program in the US in two of the four major MBA rankings -- the other being #8 in US News & World Report.

The Financial Times rankings are primarily based on alumni salary and career progression data, which counts for 55% and is culled from extensive alumni surveys from the class of 2001. Gender and international diversity of faculty, students, and advisory boards together account for 25% of the ranking. Another 10% of the rankings is based on faculty with doctoral degrees and a doctoral program rating. Both are based on data submitted by participating schools.

For the complete rankings, see the Financial Times story at http://news.ft.com/businesslife/mba.

Dean Lyons to Present His Goals at State of the School Address, Feb. 9

Acting Dean Rich Lyons will discuss the current state of the Haas School and his goals for the future at a State of the School address on Wednesday, February 9, in the Bank of America Forum.

Dean Lyons will present the State of the School address twice on that day -- at 12:45 p.m. and at 7:30 p.m. -- to allow as many students as possible to attend. All members of the Haas community are invited.

His address will also be videotaped and made available on the Haas web site for members of the business school community.

Dal Bó and Hendershott Win Schwabacher Award for Junior Faculty

Assistant professors Ernesto Dal Bó and Terrence Hendershott have been named the Haas School's 2005-2006 Schwabacher Fellows, the highest honor bestowed upon assistant professors by the school.

"Ernesto and Terry were chosen for their outstanding research and exceptional scholarly growth," says Acting Dean Rich Lyons, who served as associate dean for Academic Affairs at the time Dal Bó and Hendershott were selected for this honor. Both received a small cash prize and a research budget in January 2005 and will have a reduction in teaching load for the 2005-2006 academic year.

Dal Bó, assistant professor in the Business and Public Policy Group, studies the forces that influence public policy, using game theory to model how groups exert pressure on public officials through bribery, smear campaigns, judicial harassment, or even violence. "Ernesto's research is the first to show that those societies where violence is rampant are more corrupt," says Lyons.

Hendershott, assistant professor in the Haas Operations and Information Technology Management Group, researches the impact of technological innovation on traditional financial markets and has extensively addressed how electronic trading systems compete with stock exchanges. "While Terry's work focuses on the importance of information systems and technology, he has increased the visibility of information systems research in other academic communities by publishing in journals in finance and economics," Lyons notes.

The recipients are chosen by the Haas faculty executive committee, which has traditionally presented the award every year to one or two assistant professors in recognition of their accomplishments in teaching and research. Recent winners include Laura Kray, assistant professor of organizational behavior and industrial relations, in 2004-2005 for her research on stereotypes, mindset, and job performance; and Ganesh Iyer, assistant professor in the marketing group, who won in 2002-2003 for his research in the areas of customer information markets, consumer identification and targeting, and Internet institutions and their market impact.

Women in Leadership Conference to Celebrate Choices, Progress, and the Future

The wide variety of career options, professional networks, and lifestyle choices available to women will be cause for celebration among students, alumni, and professionals at the ninth annual Women in Leadership Conference on Saturday, March 5, at the Haas School of Business from 8:00 a.m. to 5:00 p.m.

More than 400 attendees are expected to attend the perennially sold-out event, which features keynote speakers Sheryl O'Loughlin, CEO of Clif Bar, Inc., and Barbara Desoer, MBA 77, Chief Technology, Service & Fulfillment Executive for Bank of America.

Desoer, named one of this year's "25 Most Powerful Women in Banking" by US Banker, leads Bank of America's strategy development and execution for technology platforms and fulfillment capabilities. She also maintains responsibility for ATMs, customer call centers, consumer risk operations, and the bank's business in Latin America.

O'Loughlin was tapped this past June by Clif Bar founder Gary Erickson to lead the company. She spearheaded the 1999 launch of the Luna bar for women, which quickly became a best-seller for Clif Bar, and led the marketing efforts that prompted Inc. Magazine to list Clif Bar as one of the top 50 fastest growing US private companies for three years running.

Conference panel discussions aim to inspire attendees to excel professionally and personally: "Celebrating Progress" will feature women in finance, real estate, nonprofit, biobusiness, consumer products, and technology; "Reflecting Forward" sheds new light on entrepreneurship, business ethics, workplace diversity, and women in sports; and "Inspiring the Future" focuses on mentors and allies, successful volunteerism, and negotiations.

Sponsors of the conference include Bank of America, Ford, and the Guidant Foundation. For more information or to register, visit http://www.wilconference.org/2004-5.

Finance Club Students Take Career Search to New York City

Leveraging the potent combination of student initiative, career center savvy, and the strength of the Haas Alumni Network resulted in invaluable contacts and early internship and job interviews for Berkeley MBA and MFE students who participated in the Haas Finance Club's December trip to Wall Street.

"Any time you get in front of a banker, he or she is interviewing you," says Nicole Gehrmann, career services account manager for financial services and real estate. "We have highly qualified students with truly unique experiences that deserve the attention of bankers on Wall Street," she adds, "and we wanted to be sure they maximized their opportunity to make a strong impression on this trip."

Thanks to a team effort, Berkeley MBA and MFE students were able to seize just such opportunities at top New York firms. Finance Club president Dan Nash, MBA 06, says the students plugged into the Haas Alumni Network to arrange meetings and an alumni reception back east, and held weekly meetings to discuss specific banks and gain interviewing insights from second-year students. They also tapped into Career Services, with Gehrmann using her contacts to set up meetings at Goldman Sachs, Lehman Brothers, Citigroup, Morgan Stanley, and AIG—a new recruiter relationship for Haas. A "Getting Ready for New York" session covered informational interviewing, networking, and Wall Street etiquette. Finally, resumes were distributed to each of the participating companies in advance, along with a matrix detailing each student's area of interest.

"These students were well prepared as they headed for Wall Street," says Abby Scott, director of MBA Career Services. "Being ready with polished resumes and thoughtful questions made this a very productive trip."

Alumni also made the trip a success, arranging meetings with top firms and making themselves available to help the students navigate the interview process. Among the alumni who shared their knowledge were Richard Case, MBA 00, a vice president at Goldman Sachs, and Jarrod Yahes, MBA 02, associate in Global Technology Investment Banking at Citigroup. "All the alumni were extremely gracious and excited to have future Haas grads in town," says Nash.

In the Wall Street environment, even what appears at first to be a casual meeting can prove rigorous. Gehrmann recalls one of the eight panelists from Lehman Brothers suddenly and succinctly demanding to know, "Why banking?" and pointing to various students in the room—giving them each a brief and crucial moment to shine. Prepared to maximize just such opportunities, many of the 17 participating students landed informational and even formal interviews during the trip. "We got a great head start on the January interview process," notes Nash, who adds, "Banks are looking for the brightest, most ambitious MBAs available. You need to make contact early and impress them!"

Staff News

Nebil Gali to Advise MFE Applicants

Nebil Gali joined Haas on December 13 as an account manager for the MFE program. Gali will advise potential students on academic requirements and contribute to MFE program development and analysis, as well as event coordination. Previously he worked as operations manager at a wholesale distribution company in New York. He holds an MBA from Baruch College, City University of New York, and enjoys hiking and swimming.

Gali's e-mail is ngali@haas.berkeley.edu, his phone number is 510-643-8191, and his office is in F471.

Brionna Garner to Provide Editorial Assistance to California Management Review

California Management Review's new editorial assistant, Brionna Garner, began work on December 1. Garner has worked at UC Berkeley before, as an administrative assistant with the Center for Science Education at Space Sciences and for the Anthropology department, working with academic personnel, accounting, and the front office. She holds a degree in sociology from UC Berkeley and works as a freelance event and conference coordinator.

Garner's e-mail is garner@haas.berkeley.edu, her phone number is 510-642-7159, and her office is in F501.

Jamie Lee to Support Development Efforts

As assistant to Larry Lollar, assistant dean of Development and Alumni Relations, Jamie Lee will support the department's research and events. Lee most recently served as an assistant adviser in UC Berkeley's College of Letters and Sciences' undergraduate advising office. Previously she worked in marketing support for Colliers International. Born and raised in Honolulu, she holds a BA in Ethnic Studies from UC Berkeley.

Lee's e-mail is jmlee@haas.berkeley.edu, her phone number is 510-642-1426, and her office is in S520.

Haas in the News

Janet Yellen, a professor of business administration on leave as president of the San Francisco Federal Reserve Bank, was mentioned in CBS Marketwatch in an article titled "Fed's Yellen Dovish on Inflation" on January 21. Yellen commented on inflation and interest rates. For full text: http://cbs.marketwatch.com/news/story.asp?guid=%7B3345349F%2DA09A%2D4645% 2DBCF0%2D72A28FC75402%7D&siteid=google

Yellen was featured in CIO Today in an article titled "Fed Official: Inflation 'Contained'" on January 21. She commented that inflation is under control and that the economy has a positive outlook. For full text: http://www.cio-today.com/ciobusbrf/story.xhtml?story_title=Fed-Official--Inflation--Contained-& story_id=29912&category=ciobusbrf

Yellen commented in Bloomberg in an article titled "U.S. Consumer Confidence Unexpectedly Fell in January" on January 21. Yellen commented in the job market. For full text: http://quote.bloomberg.com/apps/news?pid=10000006&sid=aJfvYB3dq8JQ&refer=home

Yellen was mentioned in CNN in an article titled "Dollars Mixed, Bonds Drift" on January 21. She commented on the international market and interest rates. For full text: http://money.cnn.com/2005/01/21/markets/bondcenter/bonds/

Yellen was featured in a San Francisco Chronicle article titled "Yellen: Economy Continues Growth: S.F. Fed President Says that Inflation Is Under Control" on January 21. For full text: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/01/21/BUGLHATVQJ1.DTL

The Haas School of Business was mentioned in the Berkeley Daily Planet in an article titled "UC Nears Stadium Architect Selection" on January 21. The article mentions that one proposal for the Memorial Stadium renovation suggested additional facilities for the law school and the business school. For full text: http://www.berkeleydaily.org/text/article.cfm?issue=01-18-05&storyID=20531

Alumnus Stephen Roney, BS 73, was mentioned in Real Estate News in an article titled "Real Estate Apprentice Foundation Announces Judges for 2005" on January 21. Roney was profiled as a judge for the upcoming Real Estate Apprentice competition. For full text: http://rismedia.com/index.php/article/articleview/8911/1/1/

The Haas School of Business was mentioned in RedNova News in an article titled "Case Closed" on January 19. The article cites studies showing that the overwhelming majority of university and college professors are registered as Democrats, not Republicans even at business departments such as UC Berkeley's and Stanford's marketing and accounting departments, where the ratio runs 8:1. For full text: http://www.rednova.com/news/display/?id=120197

Alumnus Shantanu Narayen, MBA 93, was featured in the San Jose Mercury News article, "Adobe Names New President, Shifting CEO Chizen's Duties" in response to his promotion to president and COO of Adobe on January 18. His promotion was also mentioned in numerous other news outlets. For full text: http://www.siliconvalley.com/mld/siliconvalley/news/10670267.htm

Peter Sealey, adjunct professor, was mentioned in the Los Angeles Times article titled, "Google Joins 'Mini' Mania With Server" on January 13. Sealey commented on the name of Google's its new server, the Google Mini. For full text: http://www.latimes.com/business/la-fi-mini13jan13,1,6064905.story?coll=la-headlines-business

Candace Yano, professor in the Operations and Information Technology Management Group, was featured as the new editor-in-chief of IIE Transactions in an IEE Solutions article titled "Transaction Transition" on January 1.

Happening at Haas

Berkeley Business Plan Competition Workshop
"How to Create a Business Plan"
Wednesday, January 26
6:00 p.m. to 8:00 p.m.
Wells Fargo Room
A workshop presented by the UC Berkeley Business Plan Competition to learn the basics of structuring a business idea.

UC Berkeley Entrepreneurs Forum
"Energy Technology: Emerging Solutions"
Thursday, January 27
6:30 p.m. to 8:30 p.m.
Arthur Andersen Auditorium
A panel discussion with Ira Ehrenpreis of Technology Partners, Bryant Tong of Nth Power, and John Woolard of Itron. Pre-registration closes at 5:00 p.m. on Tuesday, January 25. Call 510-642-4255 to register.

Berkeley Nano Opportunity Challenge (BNOC): Round 1: Technology Challenge
Monday, January 31
4:00 p.m. to 9:00 p.m.
Teams comprised of scientists and engineers will get 15 minutes (10 minutes presentation, 5 minutes Q&A) to present their innovations in front of an audience and a panel of judges.
For more information visit: http://www.ocf.berkeley.edu/~nano/events.php?view=2.
BNOC 2005 is being organized by the Berkeley Nanotechnology Club and is supported by Berkeley Nanosciences and Nanoengineering Institute, the Management of Technology Program, and the Lester Center for Entrepreneurship & Innovation at UC Berkeley.


"From Arm's Length to Bear Hug: Theoretical Clarification and Test of the Value-Conversion Assumption" by Stoyan Sgourev, M.I.T.
Wednesday, January 26
4:00 p.m. to 5:30 p.m.
For more information contact, Deborah Houy at houy@haas.berkeley.edu.

"Offshoring in a Knowledge Economy" by Luis Garicano, University of Chicago
Thursday, January 27
3:00 p.m. to 4:00 p.m.
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.

"In a Class by Themselves? Brand Name and Cognition" by Shi Zhang, UCLA Marketing
Friday, January 28
4:00 p.m. to 5:30 p.m.
For more information, contact Laura Gardner at Lgardner@haas.berkeley.edu.

"Social Cognitive Mechanisms of Enhanced Support for the Status Quo" by Aaron Kay, Stanford
Wednesday, February 2
4:00 p.m. to 5:30 p.m.
For more information contact, Deborah Houy at houy@haas.berkeley.edu.

"Contract Structure and Performance of (UCB) Technology Transfer Agreements: Evidence from University Licenses" by Dan Elfenbein
Thursday, February 3
3:00 p.m. to 4:00 p.m.
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.

"Networks & Knowledge Transfer: The Transfer Problem Revisited" by Ray Reagans, Columbia University
Thursday, February 3
4:00 p.m. to 5:30 p.m.
Career Center classroom, S489
For more information contact, Deborah Houy at houy@haas.berkeley.edu.

"Aging and Emotional Memory" by Mara Mather, UC Santa Cruz, Department of Psychology
Friday, February 4
4:00 p.m. to 5:30 p.m.
For more information, contact Laura Gardner at Lgardner@haas.berkeley.edu.

Alumni Events

Speaker Event: Rose vs. Lyons: Distinguished Faculty Go Head to Head Over Dollar
Tuesday, February 8
6:00 p.m. to 8:00 p.m.
William F. Cronk Conference Center at the Dreyer's Grand Ice Cream Holdings, Inc., corporate campus, 5929 College Ave., Oakland
Register online at www.acteva.com/go/eb-alumni.
Cost: $10/students, alumni, and friends through February 2, $15 thereafter and at the door. Space limited. RSVP as soon as possible to ensure your space at this popular annual event.
For more information contact Oliver Cruz, MBA 80, at cruzon54@yahoo.com.
Spurious accusations and vague insults will fly when Haas Professor Andy Rose and Acting Dean Rich Lyons tackle the topic, "The US Dollar: Will the Bottom Fall Out?"

Rose on the "no" side: "Anybody peddling the view of major crisis in the dollar is reading too much sensational press. Simple efficient markets logic tells us that if the dollar were headed for a big fall, and everybody knew it, it would fall right away. It's a little sad that Professor Lyons doesn't seem to be able to apply the skills and knowledge that all economists and Haas graduates possess."

Lyons on the "yes" side: "My colleague Professor Rose is the quintessential ivory-tower academic. That I've known for a long time now. What stuns me--I mean really stuns me--is that as an international economist, he fails to appreciate that we operate in a global economy. That global economy is producing powerful forces for a dollar fall. I look forward to a little consciousness-raising at the debate."

Kellogg Event: "Predicting Markets with Behavioral Finance"
Thursday, January 27
6:30 p.m. to 9:00 p.m.
NYU Room-KMC M1-100, aka "The Common"
44 West 4th St.
New York, NY
For more information: http://www.acteva.com/booking.cfm?binid=1&bevaID=80073
Presentation by Woody Dorsey, founder and president of Market Semiotics, an independent research firm that analyzes the marked based on practical behavioral finance.

UK/US Business forum
"Exploring the Culture Gap (open forum): entrepreneurship, operational and strategic business issues in the US and the UK"
Thursday, January 27
7:00 p.m. to 9:00 p.m.
California House
8 St. James Place, London SW1
E-mail MatthewDaines@californiahouse.org.uk to RSVP.

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