News

Course in Financial Engineering to prepare students for careers on Wall Street

Wall Street is hiring more people with training in Financial Engineering.  There are 2 reasons why you should consider taking an introductory course in Financial Engineering: (1) if you are getting a business degree you should have at least a basic understanding of this field and (2) if you like math, you may want to become a financial engineer! 

NJIT is developing a certificate program in Financial Engineering.  One of the required classes-- Fin 698 will be offered this Fall 2008 semester.  The purpose of the certificate program is to give students a basic knowledge FE.  If you are interested  in Financial Engineering you may want to enroll in Financial Engineering I- Fin 698, Wednesday nights 6 - 9 p.m.  The course will be taught using McDonald's Derivatives Markets which should be completed in one semester.  If interested contact Professor Larry Eisenberg larry.eisenberg@njit.edu for approval to enroll.

New graduate course in Fall 2008 will partner students with corporations

A new course will be offered this fall--MGMT 681 Project-Based Enterprise Development. During the semester, students will work on projects proposed by real companies, such as IBM, Johnson & Johnson, and Accelerant Sales Group. The project will focus on major renewal projects within the company, such as new product or service introduction, entry into new markets, internationalization, introduction of new management methods, incentive systems or business models, just to mention a few examples. Students will do research on the topic proposed and produce a report and a presentation to guide the future actions of the company.This will be a mutually beneficial project both for the sponsoring company and NJIT students. The NJIT students would get invaluable experience in real world projects and could develop contacts to company people. The companies would get a chance to pick the brains of NJIT students who can provide fresh insights to dilemmas faced by the company.The classes are held on Mondays, 6-9 pm. If you are interested, please enroll. In case of any further questions, please feel free to contact Professor Parhankangas (Annaleena.Parhankangas@njit.edu).

Rodrigo Correa wins Wall Street Journal Student Achievement Award

Rodrigo Correa, an outstanding business student at NJIT, has been awarded the Wall Street Journal Student Achievement award for 2008.  He is the first honoree for NJIT's School of Management to win this prestigious award for his academic performance in the field of finance and business administration.   Rodrigo is also a top player on NJIT's Division I men's Volleyball team, a member of the Albert Dorman Honors College, and a participant in the accelerated BS/MBA program. 

Award winners receive a brass medallion paperweight and a one-year subscription to the Wall Street Journal. The university receives a display plaque with the student's name engraved. The WSJ also recognizes these students in a full-page Student Achievement Award listing in the fall each year.

New Jersey Collegiate Business Administration Honorees

The School of Management would like to congratulate NJIT's new members of the NJ Collegiate Business Administration Association Honor Society, which is for the top one percent of business students in the state of New Jersey.  The membership requirements are listed on the society's website.  Congratulations to Lissette Gomez, Eduardo Welter and Ashneet Kaur for being this year's nominees from NJIT.  The swearing-in took place on May 2nd at the NJ Statehouse in Trenton.

Four NJIT Business students named Arthur Ashe Jr. Sports Scholars in 2008

Isha Toor, Rodrigo Correa, Leonardo Paludo and Kevin Blanco have been named Arthur Ashe Jr. Sports Scholars for 2008.

Rodrigo Correa along with teammate Leonardo Paludo who graduated in May with a degree in Business were named Arthur Ashe Jr. Sports Scholars for 2008 for Volleyball.  Kevin Blanco, a junior in the business program made Second Team honors for Soccer.   Isha Toor, a junior business major made First Tean Honors for Tennis.  Students are chosen for this honor based on their participation in an intercollegiate sport, a cumulative GPA above a 3.2 and leadership and community involvement.  Honorees for other sports and universities can be found in the May issue of Diverse Issues in Higher Education.

SOM Awards Ceremony & Beta Gamma Sigma Honor Society Induction

The School of Management would like to congratulate all of the award winners who were recognized at our annual awards ceremony on April 23rd along with the new members who were inducted into the Beta Gamma Sigma Honor Society, the premier international honor society for top students at AACSB accredited business schools.  The guest speaker for the event was Mike Wall, a Divisional Senior Vice-President and Regional Manager for Capital One and also a member of SOM's Adivsory Board.  For a complete listing of SOM's award winners and Honor Society members for 2008, please click here.

Society for the Advancement of Management

The NJIT SAM chapter would like to welcome all of the new members that have joined this spring.  Students interested in joining the national chapter of SAM should visit the School of Management and fill out an application.  The fee is $30, and checks should be made out to SAM.  The elections for the new SAM executive board members are underway, and the results will be announced shortly.

Dr. Rice Speaks about Enterprise Development

Dr. Mark Rice from Babson College visited the NJIT School of Management on January 15th, 2008 to evaluate NJIT's two new degree programs in Enterprise Development. Dr. Rice also gave a seminar on the synergies and linkages between entrepreneurship and corporate renewal.

Mark P. Rice is the Frederic C. Hamilton Professor for Free Enterprise at Babson College and also Professor of Technology Entrepreneurship at the Olin College of Engineering. Dr. Rice is co-author of Radical Innovation: How Mature Companies Can Outsmart Upstarts, which was published by Harvard Business School Press. His research on corporate innovation and entrepreneurship has been published widely in academic and practitioner journals including Organization Science, R&D Management, Journal of Marketing Theory and Practice, IEEE Engineering Management Review, Academy of Management Executive, and California Management Review. Rice consults and teaches in the areas of innovation management, entrepreneurship, technology strategy, and new business incubation. Professor Rice previously served as director of the nationally recognized RPI Incubator Program and as co-founder and director of the Severino Center for Technological Entrepreneurship at Rensselaer Polytechnic Institute. He has been a director and chairman of the National Business Incubation Association, which honored him in 1998 with its Founder’s Award. With Dr. Jana Matthews, he co-authored Growing New Ventures -- Creating New Jobs: Principles and Practices of Successful Business Incubation.

Career Networking Evening for Business Students

Several School of Management alumni and Advisory Board members served as panelists at a Career Networking event on October 3rd.  Over fifty students attended the session to hear the speakers' advice and personal stories about starting out and progressing through a business career.  Thanks to all the panelists and students who made this event a success. 

Executive MBA Students Meet with Congressman in Washington D.C.

NJIT's Executive MBA students, led by EMBA Director Elaine Frazier,  recently visited our nation's capital for a week-long course on strategic leadership, public policy and governance.  One program involved a session with NJ Representative Steve Rothman.  Read the press release on Congressman Rothman's website. 

SOM Launches Live Cases Program As an Innovative Teaching Tool

Under the direction of Dr. William Rapp,  Henry J. Leir Professor of International Trade, and with the sponsorship of the Ridgefield Foundation, SOM has launched a Live Cases program whereby SOM faculty and students develop case studies of leading companies in New Jersey.  The cases are "live" because there is ongoing commentary in an online discussion board, and because they are updated regularly.

Go to the Live Cases page to learn more.