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New senior associate deans selected following university promotions for Trick and Weingart

This past summer, the Tepper School saw both its senior associate deans step into significant leadership roles at Carnegie Mellon.

Interim president Farnam Jahanian announced in July that Laurie Weingart, Richard M. and Margaret S. Cyert Professor of Organizational Behavior and Theory, would immediately assume the role of interim provost.

“Laurie brings a rare combination of scholarly expertise, practical experience and deep talents to this role,” Jahanian stated in his announcement. “I look forward to working with her on advancing our research and educational mission and fulfilling the great promise of this moment in CMU’s history.”

As interim provost, Weingart will oversee the university’s academic priorities, faculty recruiting and scholarly endeavors. “I am deeply honored to be appointed to this position,” she said. “I’m confident that together we’ll continue CMU’s endless pursuit of excellence, nurturing the spirit of innovation and entrepreneurship, and creating opportunities for our students to learn and thrive without limits.”

In August, Carnegie Mellon announced that Michael Trick, Harry B. and James H. Higgins Professor of Operations Research, was appointed dean of Carnegie Mellon University in Qatar. The previous dean, Ilker Baybars, George Leland Bach Chair of Operations Management, stepped down in June following six years in that role.

In the university’s announcement, Jahanian said, “Throughout his career as an internationally recognized scholar and leader, Michael Trick has demonstrated a deep appreciation for the value of a borderless education to advance human knowledge and the power of collaboration to motivate and inspire others.”

In addition to its strong business administration program, Carnegie Mellon Qatar offers degrees in biological sciences, computational biology, computer science and information systems. “CMU-Q plays an incredibly important role both for CMU and in the region,” Trick said. “I look forward to working with our partner institutions to build on the strong legacy of the past to chart a transformative journey over the next decade.”

Commenting on the two major vacancies in the Tepper School dean’s office, Dean Robert Dammon said, “While it is difficult to see both senior associate deans leave the Tepper School within a short period of time, it is also a source of pride that both of them are being recognized for their leadership talent and will now have important leadership roles within the university.”

Shortly following the news of Trick’s appointment, Dammon announced the appointment of Sevin Yeltekin, professor of economics, as senior associate dean of education, and Alan Scheller-Wolf, Richard M. Cyert Professor of Operations Research, as senior associate dean of faculty and research.

Yeltekin, who has been with the Tepper School for 12 years, has served on the Tepper School’s Masters Educational Affairs Committee for several years. “I look forward to leveraging my experience working with diverse students from around the world during my time in this position,” she said. As senior associate dean of education, she will guide the direction of the academic and student experience for all Tepper School students.

Scheller-Wolf has been a faculty member at the Tepper School for 21 years. During that time, he has been a prolific researcher and well-respected voice within the field of operations management, and he served as the head of the Ph.D. program from 2011 to 2017. “I look forward to continuing the impressive momentum behind the school’s innovative research as we confront some of the most challenging issues facing business and society today,” he said.

Both senior associate deans assumed their new roles on Sept. 1.


Undergraduate Business Administration program ranked #7 by U.S. News

In its 2018 ranking of undergraduate business programs in the United States, released this fall, U.S. News & World Report selected the Tepper School as seventh best, tied with Cornell University, the University of North Carolina at Chapel Hill and the University of Virginia.

The Undergraduate Business Administration program is consistently ranked among the top 10 in this listing. The rankings are based on evaluative scores assigned by peer institutions.

U.S. News & World Report also ranked the Tepper School highly in several specialty areas, including #2 for information systems, #2 for quantitative analysis, #3 for operations management, #8 for supply chain and logistics, and #10 for finance.


Graduating seniors recognized at undergraduate diploma ceremony

Students from the Tepper School of Business Class of 2017 were honored during Commencement Weekend at the diploma ceremony for the undergraduate business administration and economics programs. These annual awards presentations recognize students for their academic achievements and for service to the school.

Business Administration

Outstanding Academic Achievement Award | Megan Strain, Min Zhou
Outstanding Student Leadership Award | Dalia Dorantes
Distinguished Service Award | Harsimran Minhas

Economics

Outstanding Academic Achievement | Sung Jin Hong
Best Senior Thesis | Charlotte Townsend, “Bitcoins in the Black Market: Criminal Currency in the Twenty-First Century”
Best Senior Project | Raheela Ahsan, Lilia Bidzyan, Daniel Lee and Dee Dee Paik, “The Effects of EPA RVP Regulations on VOC Emissions”
Distinguished Service to the Undergraduate Economics Program Award | Vaasavi Unnava
Distinguished Service to the University Award | Gujri Singh
Omicron Delta Epsilon Honor Society Inductees | Mohin Banker, Peter Brady, Jiaqi Chen, Jian, Chao Huo, Jack Kroger, Ryan Lapre, Daniel Lee, Eric Li and Dorsa Massipour
Phi Kappa Phi Honor Society Inductees | Peter Brady, Charlotte Townsend and Kunal Wadwani
 


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Executive director for Undergraduate Business Administration program announced

Jennifer Wegner is the new executive director of the undergraduate business administration program. Wegner joins the Tepper School after nearly a decade at the University of Michigan’s College of Engineering, where she held various positions in student affairs. During her time there, she founded the University of Michigan Women in Student Affairs Chapter, a group dedicated to providing personal and professional development support across campus.

Wegner recently earned a doctorate in higher education administration and holds a bachelor’s degree in communications as well as a master of education in higher education student affairs administration. She reports to Burton Hollifield, PNC Professor of Finance, professor of financial economics and head of the Undergraduate Business Administration program.


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MBA Class of 2017 contributes to future classes

At the MBA Family and Friends Open House during Commencement Weekend, MBA students from the Class of 2017 presented Dean Robert Dammon with a ceremonial check for $21,073 collected from the class throughout the academic year.

Class Gift Committee co-chairs Sanah Sabharwal, MBA ’17, and Daniel Leonard, MBA ’17, motivated more than 93 percent of their cohort to contribute to the campaign. This is the fourth year in a row that at least 90 percent of the graduating class has contributed to the class gift.

The money collected will contribute to an endowment fund intended to offset the travel costs MBA students incur when attending career events and conferences. The committee proposed three options for how to allocate the gift funds, and the graduating class voted to support the endeavor supporting student costs regarding professional development and recruiting.

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Leanne Meyer selected to lead the Accelerate Leadership Center

Leanne Meyer, formerly director of leadership development at the Tepper School of Business, has been selected to succeed Laura Maxwell as executive director of the Accelerate Leadership Center, following Maxwell’s relocation to the West Coast.

Maxwell was “critical to the success of the Accelerate Center and its programs,” Kate Barraclough, head of the MBA program, said in an announcement to the Tepper School community. “Laura will continue to be affiliated with the Accelerate Leadership program in a remote capacity.”

Meyer has developed her knowledge on leadership at Carnegie Mellon University over the duration of four years through her involvement in leadership development initiatives and in executive education programs. These initiatives allowed Meyer to work as a coach and workshop facilitator for the Accelerate Leadership Center and as program director for the Leadership and Negotiation Academy for Women.

As director of leadership development, Meyer has overseen women’s leadership development programs at the school. As executive director, “she will continue to support these programs in conjunction with Executive Education and the Accelerate Leadership Center,” Barraclough said. 


Business analytics master’s program set to begin next fall

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Employers are increasingly seeking out candidates with specialized training in business analytics. The Tepper School is helping to fill the void with a fall 2018 launch of the new Master of Science in Business Analytics (MSBA) degree. Willem-Jan van Hoeve, Carnegie Bosch Associate Professor of Operations Research, will serve as faculty head of the program.

The part-time online master’s degree will consist of nine mini-semesters, starting with two foundational courses on programming in Python and R and on probability and statistics. Coursework is intended to provide a core skillset combining knowledge of analytical techniques and methodology, communication and leadership skills, and business domain knowledge.

Following the format of the part-time online hybrid MBA option, the MSBA will include four in-person Access Weekends: an orientation at the start of the program, an optional recruiting and case competition opportunity after the spring and summer semesters, and a required capstone project at the end of the program.

The program will include cohorts entering in both the fall and spring semesters, with an anticipated 60 to 80 students entering each year. Candidates are expected to come into the program from technical undergraduate backgrounds in mathematics, computer science or engineering, with the aim to move into industrial or managerial senior analytical positions.

Many of the core courses are newly developed, including sections for Machine Learning for Business Applications, Optimization for Prescriptive Analytics and Business Value through Integrative Analytics, all built specifically for a business analytical frame of mind. Elective offerings include Analytical Marketing, Operations and Supply Chain Analytics, Data Analytics in Finance, and People Analytics.

In addition to Van Hoeve, faculty teaching in the program will include:

Brandy Aven, associate professor of organizational behavior and theory
Dokyun Lee, assistant professor of business analytics, Xerox Junior Faculty Chair AY 2017–2018
Alan Montgomery, professor of marketing
Evelyn Pierce, teaching professor of business management communication
R. Ravi, Andris A. Zoltners Professor of Business, Rohet Tolani Distinguished Professor, professor of operations research and computer science
Bryan Routledge, associate professor of finance
Param Vir Singh, Carnegie Bosch Associate Professor of Business Technologies
Fallaw Sowell, associate professor of economics
Anita Woolley, associate professor of organizational behavior and theory
Joseph Xu, assistant professor of operations management


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MBA students honored at annual Welcome and Awards ceremony

An energized group of graduate students, faculty and staff attended the annual Tepper School Welcome and Awards Ceremony held on Aug. 27 at the Carnegie Music Hall to celebrate the successes achieved and yet to come as the new academic year begins. Meredith Meyer Grelli, MBA ’10, co-founder of Wigle Whiskey and Threadbare Cider, gave the keynote address. Grelli recalled her time as an MBA student at the Tepper School and emphasized the mission-driven community that strives to make a “larger mark on the world.” Six student awards were presented during the program.

Awarded for the first time, the Class of 2015 Award for Excellence in Community Building was presented to Tea Gongadze. This award is designated for a second-year MBA student who exemplifies the spirit of inclusiveness that is a hallmark of the Tepper School community and who demonstrates a commitment to diversity and strengthening cross-cultural connections through curricular and co-curricular activities.

Emily Gennaula received the Arjun V. Gokhale Spirit Award, which is given annually to a returning first-year full-time or second-year part-time MBA student who demonstrates academic excellence, a zest for life, dedication to teamwork and the ability to bring together people from diverse backgrounds.

Anna Lawrence was presented with the 2017 McGowan Fellowship Award, established in 2010 by the William G. McGowan Charitable Fund to create a select community of highly talented emerging business leaders who are dedicated to ethical leadership and community building and who show an interest in public service. A total of 10 fellows are selected annually through partnerships between the fund and 10 top-tier MBA programs.

The final award of the evening, the Henry Ford II Scholarship Award, was presented to the student in each MBA format who had attained the highest grade point average: Anthony Ernest Sikorski for full-time, Zachary Martin White for part-time on campus and Vishal Chandrasekar for part-time online hybrid.


Brent Glover awarded Richard C. Green Junior Faculty Development Chair

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The Tepper School named Brent Glover, assistant professor of finance, as the first recipient of the Richard C. Green Junior Faculty Development Chair in Financial Economics.

The professorship was established in honor of the late Rick Green, a former senior associate dean and professor of financial economics at the Tepper School, by two of his former students from the class of 1990, who provided the initial gifts that kicked off a fund that many of Green’s colleagues and friends have supported. Last spring, the fund had received contributions supporting a junior faculty development chair for an untenured professor for a two-year term. Once the fund reaches its goal of $2.5 million, the chair will be converted to a full professorship in financial economics.

Glover came to the Tepper School shortly after receiving his Ph.D. from the Wharton School at the University of Pennsylvania in 2011. His research interests include capital structure and credit risk, corporate finance, structural estimation, and asset pricing.

“I feel incredibly honored to be the first recipient of the chair,” Glover said. “Rick was a role model and mentor to me, and so this is especially meaningful. When I think of the type of researcher and teacher I want to be, Rick is always the person who comes to mind. I’m grateful for the support this chair will provide as I strive to follow Rick’s example.” 

MBA program ranked #8 worldwide for entrepreneurship by Financial Times

With the Swartz Center for Entrepreneurship acting as a central hub for innovation and creativity throughout Carnegie Mellon’s campus, the Tepper School ranked as the eighth best MBA program in the world for entrepreneurship in the 2017 Financial Times Global MBA Ranking. Of the U.S. schools ranked, the Tepper School was sixth best, outperforming business programs from Harvard, Wharton and Yale. 

Each year, the Financial Times ranks MBA programs based on surveys of the academic environments. Using statistics from the graduates of the class of 2013 and surveys of the business schools, the publication has begun compiling categories in which MBA programs excel. The Financial Times ranked MBA entrepreneurship programs in 12 weighted categories, including the percentage of MBA graduates who have started a company, the percentage of companies still in operation at the end of 2016 and the extent to which the skills learned while obtaining the MBA motivated students to start their own companies.

Of entrepreneurs from the class of 2013, 92 percent were continuing to invest their time and efforts toward continuing their enterprises at the end of 2016; 64 percent of the entrepreneurs financed at least one-third of their equity via private investors; and 33 percent use their company as their main source of income.

In the last decade, over 200 companies have found their start at Carnegie Mellon, including home automation developer Nest Labs, artificial intelligence powerhouse Anki and high-tech baby care producer 4Moms.


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Exceptional graduates honored at master’s and Ph.D. ceremony

At the 2017 graduate diploma ceremony, students from the MBA, Master of Science in Computational Finance and Ph.D. programs were recognized for their scholastic achievements and service to the Tepper School community.

Ph.D. awards

The 2017 William W. Cooper Doctoral Dissertation Award in Management or Management Science | Eunhee Kim, “The Mechanism of Control in Organizations: Essays on Imperfect Measures of Managerial Talent”
The 2017 Herbert A. Simon Doctoral Dissertation Award in Behavioral Research in the Administrative Sciences | Erin Fahrenkopf, “Knowledge Transfer by Employees Across Firm Boundaries: A Micro Process With Consequential Macro Outcomes”

MBA awards

Francis G. Walker Award for Excellence in Strategy | Mark Roderique
John R. Thorne Award for Excellence in Entrepreneurship | Austin Webb
Award for Academic Excellence in Finance | Jacob Jolly
Robert S. Sullivan Distinguished Community Service Award | Zac Talmadge
Award for Academic Excellence in Marketing | Ellen Lee
Outstanding Academic Achievement Award | Adam Caruso
Elliot Dunlap Smith Award for Excellence | David Dierker
Edward R. Mosier Award for Excellence in Production Operations | Adam Caruso
Yuji Ijiri Award for Excellence in Accounting | Matthew Haddix
Outstanding Teaching Assistant Awards | Yousuf Ahmed, Elizabeth Hargrave-Thomas, Swati Khushalani, Jonathan Martin and James McSweeney

MSCF awards

Academic Excellence in Finance Award | Hailey Ren
Academic Excellence in Information Technology Award | Lichi Wu
Academic Excellence in Mathematics Award | Hailey Ren
Academic Excellence in Statistics Award | Lichi Wu
MSCF Distinguished Service Award (Pittsburgh) | Ajitesh Mehta
MSCF Distinguished Service Award (New York) | Whitney Ko and Yan Taumin


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Undergraduate programs launch San Francisco networking event

Undergraduate students traveled to San Francisco for the first Undergraduate Network SF Bay Reception on July 14, hosted by Jackie Xu, BSBA ’06, at Kleiner Perkins Caufield & Byers, where she is a talent partner.

The program is modeled after the annual Network Manhattan event, created to build relationships between current students and alumni. This year, about 100 Tepper School alumni, faculty and current students in the business administration and economics programs gathered on July 13 at Lexington’s Lounge in midtown Manhattan, chosen for its central location and proximity to major companies.

By bringing this event to San Francisco, the undergraduate programs aim to establish connections with Bay Area alumni and students participating in internships.

Kevin Monahan, associate dean for career and professional development at Carnegie Mellon, sees these network opportunities as a way for former students to give back to the Carnegie Mellon community.

“Network Manhattan and San Francisco instill a culture of ‘paying it forward,’” Monahan said. “Having Carnegie Mellon University alumni advise and mentor current students will create a future generation of Carnegie Mellon alumni who understand their responsibility to help the next generation of Carnegie Mellon students.”


Paper co-authored by Rick Green wins Ross Prize

The late Richard C. Green, formerly senior associate dean for faculty and research and professor of financial economics, was recognized this fall with the Stephen A. Ross Prize in Financial Economics from the Foundation for the Advancement of Research in Financial Economics (FARFE) for a paper he co-wrote with Stanford University professor Jonathan Berk titled “Mutual Fund Flows and Performance in Rational Markets,” published in the Journal of Political Economy in 2004.

The Ross Prize is awarded every two years to a paper from within the last 15 years that develops or tests a theory in the field of financial economics. FARFE selected Berk and Green’s paper “for its important contribution to our understanding of the equilibrium behavior of mutual fund returns and mutual fund flows.” Their research reversed traditional theories about the performance of mutual funds.

Green passed away in October 2015. Widely published in a wide range of financial topics, Green served as an associate editor, co-editor or editor at five different journals, including the editorship of the internationally esteemed Journal of Finance. He came to Carnegie Mellon in 1982, and served in such university positions as the head of the Tepper School Ph.D. program, associate dean for research, and senior associate dean of faculty and research. He was awarded the Richard M. and Margaret S. Cyert Professorship in 1999.

Willem-Jan van Hoeve selected by students for teaching award

Willem-Jan van Hoeve, Carnegie Bosch Associate Professor of Operations Research, was selected as the recipient of the 2017 George Leland Bach Excellence in Teaching Award. This is the second time Van Hoeve has been recognized with this award; the first was in 2011.

The award was established in 1976 as the Graduate School of Industrial Administration Teaching Award to recognize outstanding classroom instruction. It was renamed in 1985 in honor of “Lee” Bach, the founding dean of the business school. Each year, the graduating MBA class selects the honoree from a list of faculty nominees.

Van Hoeve, the Carnegie Bosch Institute Faculty Research Chair, has made notable contributions to the field of constraint programming, to hybrid optimization methods and most recently to the development of a novel framework for discrete optimization based on decision diagrams. His research has been funded by the National Science Foundation and two Google Faculty Research Awards.


R. Ravi selected for 2017 INFORMS fellow class

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The Institute for Operations Research and the Management Sciences (INFORMS) named R. Ravi, Andris A. Zoltners Professor of Business, Rohet Tolani Distinguished Professor, professor of operations research and computer science, an INFORMS fellow in the Class of 2017.

The Fellow Award recognizes researchers in the fields of operations research and management science for exceptional contributions to the disciplines. In the announcement, INFORMS President Brian Denton stated Ravi was selected “for contributions to the understanding of algorithms in combinatorial optimization, their application in business and technology, and for educational innovation in operations research.”

Ravi currently serves as editor for the discrete optimization area of the INFORMS journal Operations Research. He joined the Tepper School in 1995, where he teaches courses in business analytics and data mining. He earned a National Science Foundation CAREER Award supporting his research and has received grants from Google, the National Science Foundation and the Office of Naval Research.

INFORMS fellows from the Tepper School have included Linda Argote, David M. Kirr and Barbara A. Kirr Professor of Organizational Behavior and Theory, director of the Center of Organizational Learning, Innovation and Knowledge; Egon Balas, University Professor of Industrial Administration and Applied Mathematics, The Thomas Lord Professor of Operations Research; John Hooker, T. Jerome Holleran Professor of Business Ethics and Social Responsibility, professor of operations research; Sridhar Tayur, Ford Distinguished Research Chair, professor of operations management; and Michael Trick, Harry B. and James H. Higgins Professor of Operations Research, dean of Carnegie Mellon University in Qatar.