Haas Welcomes Students in Five Degree Programs for Fall Semester
MFE Students Work on Real Problems and Solutions Through Winter Internships
New Assistant Professors to Strengthen Haas School Faculty
Young Entrepreneurs at Haas Revamps and Revitalizes Thanks to New Donor Support
Haas Accounting Fraternity Recognized by National Body
Haas in the News
Happening at Haas
Five Haas School degree programs - Undergraduate, Full-time MBA, Evening & Weekend MBA, Berkeley-Columbia Executive MBA, and Ph.D. - have enrolled a total of 907 new students this summer giving Haas more students, in more programs than it has ever had before.
Full-time MBA Program
Continuing the legacy of being one of the most selective MBA programs in the country, the Haas School of Business only admitted one in eight applicants to the Full-time MBA Program. The 243 members of the class of 2005 were chosen from 3,720 applications. The class is also geographically diverse, with students representing 37 countries outside of the US.
At the MBA orientation this evening, Pete Johnson and Jett Pihakis, co-directors of admission for the full-time program, will be releasing the preliminary statistical profile of the new class along with memorable essays and other fun facts about members of the class of 2005. Haas NewsWire will publish the numbers next week.
The new class orientation began with a golf tournament and a team-building ropes course over the weekend, and continued today when UC Berkeley Chancellor Robert Berdahl and Dean Tom Campbell welcomed the class at the first on-campus orientation event. Over the course of the next five days, the students will hear from alumni including one of Wall Street's most influential women, Margo Alexander, BS 68, recently retired from UBS/Paine Webber; Kevin Brown, MBA 96, co-founder of Inktomi and now vice president for marketing at Decru, Inc.; and a panel of distinguished alumni who will share their advice on getting a Berkeley MBA.
Evening & Weekend MBA Program
This year the Evening & Weekend Program added a fourth cohort to the incoming class, which now totals 234 new admits. This is also just the second year of offering a portion of the classes for the weekend cohorts at Sun and Intel facilities in the South Bay.
The Evening & Weekend MBA Program, EWMBA for short, held its orientation the weekend of August 8 - 10 at the Claremont Hotel in Berkeley. The students were welcomed by Dean Tom Campbell at an evening reception in the Claremont ballroom.
Over the next two days, the new students got to know each other and the program staff in a team building activity on the campanile esplanade; case studies with Andy Shogan, associate dean for instruction, Nancy Wallace, professor and chair of the Haas Real Estate Group, and David Downes, recently retired director of the MBA program. Professors Jonathan Berk and Terry Odean offered workshops in the bonds market and behavioral finance, respectively.
Classes began for evening students on Monday, August 11, and for weekend students on Saturday, August 16, at the Haas School.
For the first time, the incoming class of undergraduate business majors began classes in July as part of the program's expansion that not only helps the currently oversubscribed major, but will prepare for the swell of new students the University of California expects to enroll in the next few years as children of the baby boom generation head to college.
The undergraduate office welcomed 350 (up from last year's class of 280) continuing students from UC Berkeley and recent transfer students, from a pool of 1,439 applicants, at their orientation on July 18.
"Beginning the program in July allowed the students to start their Haas connections early," says Annie Lai, director of admissions and operations in the Undergraduate Program. "They have built friendships that will serve them well in their time on campus and well beyond."
The Ph.D. program reports 646 applicants for this year, of whom 37 gained admission, and 18 accepted. This 6% selectivity rate is the highest of any degree program at Haas, and one of the highest among Ph.D. programs across the US.
The eighteen new students declare their area of study before being admitted to the program: two enrolled in Accounting, three in Business & Public Policy, four in Finance, three in Marketing, three in Organizational Behavior &Industrial Relations, and three in Real Estate.
One incoming student, Miguel Palacios, will have his book, Investing in Human Capital -- A Capital Markets Approach to Higher Education, published by the Cambridge University Press in the fall, while another, Keith Law, received his MFE from Haas in 2002.
"We're very excited about this incoming group," says Jan Price Greenough, associate director of the Ph.D. Program, "They promise to be exceptional."
Berkeley-Columbia Executive MBA Program
In June, the second class of Berkeley-Columbia Executive MBA students began their 19-month program here at Haas.
These sixty students bring an average of 11.5 years of work experience with them. They come primarily from finance/accounting, high-technology, consulting, and pharmaceuticals/biotechnology companies. The percentage of women in the group is up 4% over last year, now making up 30% of incoming students.
"The breadth and depth of experience that the incoming
class of Berkeley-Columbia students bring with them is very
impressive," says Robert Gleeson, executive director
of the Berkeley-Columbia program. "The fact that almost
a quarter are from outside of California brings a geographic
diversity that further enriches classroom discussions."
MFE Students Work on Real
Problems and Solutions Through Winter Internships
After four months of intensive classroom work, the students in the Haas School's Master's in Financial Engineering program will have the chance to try out their new-found knowledge on real-world projects though the MFE winter internship program, according to Linda Kreitzman, director of the MFE program.
The internship program, which matches highly qualified students to firms with challenging projects in quantitative finance, lasts 10 to 12 weeks over the winter break in the MFE program from mid-October to mid-January. For financial firms, these internships give them a first look at next year's MFE graduates. For the students, working intensively on one project helps to hone their skills and gives them a leg-up on coursework.
MFE internship opportunities frequently lead to employment after graduation. Last winter, Zhiming Jiang, MFE 03, interned with Citigroup Global Markets after extensive interviews with the firm. His internship supervisor, Terry Benzschawel, director of the Quantitative Credit Modeling & Analytics Group, says, "After the extensive pre-internship interviews, we were convinced Zhiming was the ideal candidate, and he did not disappoint. He distinguished himself by solving problems in creative ways, mastering new tools, and effectively dealing with members of the group."
Kreitzman oversees the placement process and works diligently
to help MFE students and financial firms make the right match.
Firms submit a topic, short-term project, or skills set they
need to the MFE program and qualified students reply with
a one-page work proposal for the project and a resume. For
more information recruiting MFE students, visit http://mfe.haas.berkeley.edu/recruiting.html.
To contact Kreitzman call 510-643-4329 or e-mail
Assistant Professors to Strengthen Haas School Faculty
Six new assistant professors from top universities are joining the Haas School's faculty this fall. Two are going to Accounting, while one each will join the Business & Public Policy, Economics, Marketing, and Organizational Behavior and Industrial Relations groups.
In addition Dean Tom Campbell expects to announce a seventh faculty hire in the near future.
Joining the Accounting group are Qintao Fan and Maria Nondorf. Fan earned a Ph.D. from Stanford University researching earnings management and ownership retention for initial public offering firms. Nondorf completed her Ph.D. dissertation on the limitations of share repurchase options at the University of North Carolina.
Ernesto Dal Bó, originally from Argentina, just completed his Ph.D. dissertation on political influence at the University of Oxford and joins the Business & Public Policy group.
Hai Che comes to the Marketing group by way of the China, Canada, and Missouri. He completed his Ph.D. in marketing, studying consumers' brand choices, at Washington University.
Hillary Anger Elfenbein, a recent Ph.D. graduate from Harvard University, brings her research on communicating emotion in the workplace to the Organizational Behavior & Industrial Relations group.
Marko Terviö, a native Finn, joins the Economics group, having recently completed his Ph.D. thesis on the talent markets at MIT.
The hiring of these six new faculty members, under the leadership of last year's Associate Dean for Faculty Tulin Erdem, has raised the number of ladder-track faculty members to 83, or a full-time equivalent of 69.5.
Look for profiles of the six new assistant professors in
upcoming issues of Haas NewsWire.
Entrepreneurs at Haas Revamps and Revitalizes Thanks to New
Young Entrepreneurs at Haas is starting the fall with a new slate of programs thanks to a $1 million gift from Simpson Manufacturing.
Programs that provide outreach to kindergarten through twelfth grade students, such as YEAH, have seen deep budget cuts from the state of California this year. With this new five-year gift YEAH now has the resources to revamp its existing program for middle school students and create a new Youth Leadership Program to continue to serve YEAH participants through their final two years of high school.
"Barc Simpson [BS 66] has been incredibly generous to both the Haas School and other areas at UC Berkeley," said Larry Lollar, assistant dean for Development and Alumni Relations. "This latest gift is an example of Barc's generosity of spirit and his commitment to helping others succeed in business and in life. With the recent state budget cuts, his gift could not have come at a more urgently needed time."
This summer, the first fifteen economically disadvantaged youth joined the Haas School as the inaugural cohort of the Youth Leadership Program. The program draws participants from the existing YEAH Saturday Academy for ninth and tenth grade students. In the Leadership Program, for their last two years in high school, the students will both advise the YEAH staff and serve as peer role models to youth in other YEAH programs.
At the middle school level, YEAH's new After-school Business Clubs will serve students with an interest in business and social enterprise. Over the school year, the students will work with their undergraduate mentors to study a community issue and develop a product or service to address the issue. This new program grew out of several years of exploring an in-class mentoring model called BETA, and will still include mentoring by Haas students.
"Simpson Manufacturing is pleased to be able to participate in YEAH," says Thomas Fitzmyers, president of Simpson Manufacturing Company. "One of the things that is exciting to us about YEAH is that it helps young people with a lot of talent who may not have had the opportunity to use that talent. We are committed to supporting the Haas School's efforts to help youth, who may not be as fortunate as others, succeed."
For more information on YEAH, visit http://www.haas.berkeley.edu/yeah/.
Accounting Fraternity Recognized by National Body
The Haas chapter of Beta Alpha Psi, a national accounting fraternal organization, was recognized for the first time in fifteen years with an award from the national body.
The award of "Distinguished/Significantly Improved" for the 2002-2003 academic year came as a result of much hard work on the part of the students of Beta Alpha Psi; the fraternity officers, undergraduate students Michelle Cheung, Jean lee, Stan Lu, Sarah Hsieh, and Jimmy Ku; and their faculty advisor Rada Brooks, executive director of the Center for Financial Reporting and Management.
"The objective of Beta Alpha Psi is to provide opportunities for students to learn about careers in financial information and public accounting," says Brooks. "This is accomplished by organizing various activities for students to meet practicing professionals and to develop skills needed for success in the profession."
Beta Alpha Psi is a national scholastic and professional
fraternity for financial information professionals. The Haas
chapter was founded in 1988.
Jonathan Berk Recognized for Mutual Fund Paper
Jonathan Berk, the Harold Furst Associate Professor of Management Philosophy and Values, has won a $10,000 prize from the International Center for Financial Asset Management and Engineering (FAME) for his paper titled, "Mutual Fund Flows and Performance in Rational Markets."
In the paper, Berk and his co-author Richard Green, the Richard M. and Margaret S. Cyert Professor of Economics and Management at Carnegie Mellon University, develop a simple rational model of active portfolio management that provides a natural benchmark against which to evaluate the observed relationship between returns and fund flows.
The FAME Research Prize is awarded each year by FAME's scientific council to an outstanding working paper in financial asset management or financial engineering. The FAME foundation is a nonprofit institution created in 1997 in Geneva, Switzerland, to promote high-level education and research in financial asset management and financial engineering.
Dean Campbell Speaks Before American Bar Association
Dean Tom Campbell addressed the American Bar Association Section of Corporate Law at its annual meeting on August 11 in San Francisco. The full text of his speech can be found at http://www.haas.berkeley.edu/news/2003ABA_lunch_speech.html.
Two Cheit Honorable Mentions Given in Full-time
Teck Ho and Vinod Aggarwal were given Cheit Award honorable mentions in the Full-time MBA Program for the 2002-2003 school year.
New Executive Assistant Joins Dean's Staff
Carlis Crowe joined the Haas School in early July as Dean Tom Campbell's executive assistant. Crowe brings with her almost 20 years of experience at UC Berkeley, most recently administering the research program of Professor Pat Buffler, former dean of the School of Public Health. She also served as executive assistant to the director of Communications & Network Services at UC Berkeley for five years.
Crowe attended both Evergreen Valley College and San Jose State University. Her daughter will be attending Foothill College this fall. In her free time, Crowe enjoys gardening, racquetball, and tennis.
Crowe's desk is just outside of Dean Campbell's office.
She can be reached at 510-643-9690 or email@example.com.
Rashi Glazer, professor in the Marketing Group and co-director of the Center for Marketing and Technology, was quoted in the Los Angeles Times on August 14 in an article titled "Denver City Leaders Stressed Out Over Activist's Anti-Stress Initiative." Glazer commented on the idea of an anti-stress initiative. For full text: http://www.latimes.com/news/nationworld/nation/la-na-stress14aug14,1,3720964.story
Janet Yellen, Eugene E. and Catherine M. Trefethen Professor, was quoted in the Oakland Tribune on August 14 in an article titled "Bush Says Tax Cuts Enough to Help." The article quotes Yellen as saying that the tax cuts are "economically reckless." For full text: http://www.oaklandtribune.com/cda/article/print/0,1674,82%257E10l
Dean Tom Campbell wrote an op-ed titled "Engaging Africa," published in the San Francisco Chronicle on August 12. For full text, see http://sfgate.com/cgi-bin/article.cgi?file=/chroniclearchive/2003/08/12/ED219677.
Janet Yellen was quoted in Newsweek on August 11 in an article titled "Men at Overwork; The Good News is We're More Productive. The Bad News? They Don't Need as Many of Us." Yellen commented on the results of the tax cuts on the economy. The same article ran in the New Zealand Herald on August 9.
The New York Times ran an op-ed written by Philip Tetlock, Mitchell Professor of Leadership and chair of the Organizational Behavior & Industrial Relations Group, titled "New Economy; The Pentagon's plan for futures trading might have been a good test of the Internet and the markets" on August 11.
Tom Campbell was profiled by the San Francisco Business Times' Education section front page in the August 8-14 issue. The article focused on Campbell's first year as dean. Read the full article at: http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2003/08/11/focus1.html.
Tom Campbell was quoted in the San Francisco Chronicle on August 8 in an article titled "Business Hoping their Issues Will be Heard Above the Cacophony." Campbell commented on California businesses' concerns with the struggling economy.
Tom Campbell was featured on KSFO-AM's Lee Rogers Program on August 7, regarding state, national, and international politics.
Kenneth Rosen, California State Professor of Real Estate
and Urban Economics, was quoted in The Wall Street Journal
on August 6 in an article titled "Rising Rates Threaten
Housing Values." Rosen commented on the areas in which
housing values are declining.
Janet Yellen was mentioned in the Berkeley Daily Planet on August 5 in an article titled "UC Economist Calls for Civil Disobedience," on her and her husband George Akerlof's stance against the government's current economic policies.
Henry Chesbrough, a Ph.D. graduate who will be teaching at Haas this fall, and his recent book, Open Innovation, were featured in the Financial Times on August 4 in an article titled "Don't Stop Thinking About Tomorrow."
The Haas Business School was called as the only west coast school in its top 25 in The New York Times' Education Life section on August 3 in an article titled "The Best, The Top, The Most."
Severin Borenstein, E.T. Grether Professor in Public Policy and Business Administration, was featured in the San Francisco Chronicle on August 3 in "Energy Crisis Blame Game," an article regarding the role of the energy crisis played in the effort to recall Governor Gray Davis.
Arun Sarin, MBA 78, the new chief executive officer of Vodafone, was profiled in the Economist on August 2 in an article titled "Face Value - A New Voice at Vodafone."
The Young Entrepreneurs at Haas (YEAH) program was featured in the July/August issue of The Biz Ed magazine in an article titled "Camp B-School." The article praised YEAH for encouraging students who are the first of the family to attend college and from low-income families to achieve higher education.
Tom Campbell appeared on KFAX Radio's Life Line with Craig Roberts on July 31 in an interview regarding the state of the state.
Henry Chesbrough's book, Open Innovation, was mentioned in the Financial Times on July 31 in an article titled "Innovation is Not Black Art - Book Reviews How Breakthroughs Happen."
Kenneth Rosen was featured on KQED-FM's Forum on July 30 on the real estate market in northern California. Rosen commented on property prices in northern California.
Christine Rosen, associate professor in the Public Policy Group, was quoted in The Orange County Register on July 30 in an article titled "Boeing Employees Take Ethics Course as Company Tries to Win Back Business." Rosen commented on the need for extended training sessions for all workers in Boeing's Integrated Defense Systems unit.
Pete Stark, MBA 60, was featured in the San Francisco Chronicle on July 29 in an article title "Stark Wants Government to Serve Fair Trade Coffee." For full text: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/07/29/MN36879.DTL
Mark Rubinstein was quoted in the San Francisco Chronicle on July 29 in an article titled "Pentagon to start futures market for terror attacks." Rubinstein commented on the possible drawbacks of using the DARPA-backed Policy Analysis Market. For full text, visit: http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/07/29/MN126930.DTL.
Toshi Shibano, instructor at the Haas School's Center for Executive Development, was quoted in The China Post on July 25 in an article titled "CEO Forum Outlined 4 Factors for Companies to Improve." Shibano commented on the importance for companies to clearly assign responsibilities and decision rights to employees.
The East Bay Business Times devoted an article titled "No Takers Yet for Berkeley Venture Ideas" on July 25 to the UC Berkeley Business Plan Competition and the difficult climate for startup ventures trying to find funding.
Richard Lyons, professor in the Economic Analysis & Policy Group and the Finance Group, and his book "The Microstructure Approach to Exchange Rates" were mentioned in the Bloomberg Wire article "UBS Passes Citigroup in $1.2 Trillion Currency Market" on July 28.
Janet Yellen, George A. Akerlof, and Alan J. Auerbach, wrote an article titled "Other View: Putting State's Budget Conundrum in Perspective" published by the Sacramento Bee on July 23. Find the article at http://sacbee.com/content/opinion/v-print/story/7085626p-8033474c.html.
Dwight Jaffee, Willis Booth Professor of Banking and Finance, was quoted in The New York Times on July 22 in an article titled "What's the Story Between the Lines at Fannie Mae." Jaffee commented on Fannie Mae's and Freddie Mac's different use of investment strategies.
David A. Aaker, E.T. Grether Professor Emeritus of Marketing and Public Policy, was quoted in The Wall Street Journal Europe on July 21 in an article titled "Deiersdorf Focuses on 10 Core Brands." Aaker commented on the importance of companies having a strong core brand.
Peter Sealey, adjunct professor of marketing and co-director of the Center for Marketing & Technology, was featured in the July 21 issue of the German news magazine Focus. The former vice president for global marketing at Coca-Cola spoke about the need to strengthen the soft drink's global brand image.
Paul Tiffany, senior lecturer at Haas, was mentioned in
the San Jose Mercury News article "National Business
Executives Form Group to Focus on Corporate Practices"
on July 21. Tiffany is an advisory board member of the new
Business Performance Management Forum.
UC BERKELEY ENTREPRENEURS FORUM
The WiFi Revolution
Sponsored by Reed Smith Crosby Heafey LLP
Speakers: Ken Biba, Vivato; Jeff Gilbert, Atheros; and Ron Reich, Intel Capital
Moderated by Greg Beattie, Reed Smith Crosby Heafey LLP
Thursday, August 28
6:30 p.m. to 8:30 p.m.
Arthur Andersen Auditorium
For more information visit http://entrepreneurship.berkeley.edu/bef.asp or call 510-642-4255.
INSTITUTIONAL ANALYSIS WORKSHOP
Topic by Ernesto Dal Bo, Haas School of Business, TBA
Thursday, August 28
4:00 p.m. to 6:00 p.m.
For more information, contact Anita Stephens at firstname.lastname@example.org.
ORGANIZATIONAL BEHAVIOR AND INDUSTRIAL RELATIONS SEMINAR
"Outstanding Creativity and Leadership: How Similar? How Different?" by Dean Simonton, Department of Psychology
Wednesday, August 27
4:00 p.m. to 5:30 p.m.
For more information, contact Deborah Houy at email@example.com.
ORGANIZATIONAL BEHAVIOR AND INDUSTRIAL RELATIONS SEMINAR
"The Noblesse Oblige of Pension Fund Champions: Social Innovation Processes in U.S. Shareholder Activism, 1949-2000." by Trex Proffit of UC Riverside
Wednesday, September 3
4:00 p.m. to 5:30 p.m.
For more information, contact Deborah Houy at firstname.lastname@example.org.
LOS ANGELES ALUMNI - Bar of the Month
Wednesday, August 20
Westwood Brewing Company, 1097 Glendon Avenue, Westwood, California 90024
Free, but RSVP at: http://www.acteva.com/booking.cfm?bevaid=51894
For maps, visit: http://www.mapquest.com/maps/map.adp?country=US&addtohistory
For more information, contact: email@example.com
TAIWAN ALUMNI - August Gathering
Thursday, August 21
Please RSVP with Benjamin Hsu:
(H)+886-2-27267205 or firstname.lastname@example.org or email@example.com
The Haas NewsWire is the electronic news weekly for the Haas community published every Monday by the Marketing and Communications Office at the Haas School. Send your news, feedback, and suggestions to Haasnews@haas.berkeley.edu.
Archived issues of Haas NewsWire are available online at
To subscribe to Haas NewsWire, address e-mail to firstname.lastname@example.org; in the body of the message type "subscribe haasnewswire" in the first line, and "end" in the second line. To unsubscribe to HNW, type "unsubscribe haasnewswire" in the first line, and "end" in the second line.