Weissman Center for International Business
Transcription
Weissman Center for International Business
Report FY 2014 - FY 2015 Weissman Center for International Business Globalizing the Educational Experience for Students College-wide Weissman Center for International Business, Baruch College, The City University of New York Terrence F. Martell, PhD, Director Saxe Distinguished Professor of Finance Copyright ©2015 by the Weissman Center for International Business, Zicklin School of Business, Baruch College, The City University of New York (CUNY) Report FY 2014 - FY 2015 Weissman Center for International Business Globalizing the Educational Experience for Students College-wide 3 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Letter from the Director I am pleased to present the report of the We helped prepare undergraduate students for the challenges and Weissman Center for International Business opportunities of leadership in the 21st century through the Global for fiscal years 2014 and 2015. We continue Student Certificate (GSC) program. The GSC is a one-year to leverage the unique assets of Baruch co-curricular program where students learn about international College and its graduate and PhD programs, which together business, international relations, and intercultural communications. constitute the premier public institution of business education in Approximately 80 students participated in this unique next- New York City, recognized both for its excellent student body and for generation leadership program that uses New York City as its its highly skilled faculty. In the following pages, you will see many classroom. examples of our accomplishments over the past two years, the result of the dedication and professionalism of the Center’s A major area of focus for the Center during this reporting period management team. has been our effort to broaden and deepen Baruch’s international student exchanges with leading universities and institutions in China. A major research project that we sponsored during this period was In June 2015, President Mitchel Wallerstein and I traveled to the CSR-Sustainability Monitor®. Under the leadership of CUNY Southwestern University of Finance and Economics (SWUFE) in Distinguished Professor Prakash Sethi, the Monitor analyzes the scope Chengdu, China to sign an agreement expanding our joint program and quality of corporate social responsibility reports issued by the offerings with SWUFE. I also had the chance to visit the Zhengzhou largest companies around the world. The Monitor applies content Commodity Exchange (ZCE). Each year ZCE accepts two Baruch finance analysis to the most common topics in corporate social responsibility students who speak Mandarin as interns for what participants have (CSR) reports. The Monitor also evaluates the level of reliability of called a unique opportunity to gain first-hand knowledge of the the information provided. During the reporting period, we released evolving commodity markets in China. the 2014 edition as well as two industry reports, the first covering the mining and oil and gas sectors, and the second, the finance and Other international student exchange programs stand out as well. insurance industries. We are in the process of scoring 700 CSR reports Two of these are the undergraduate international business for a third edition to be released in Spring 2016. In addition, a project curriculum integration initiative with the Berlin School of Economics website has been launched that provides open access to the project’s and Law in Germany and the collaboration with Jean Moulin data and methodology. This spring, I am proud to say, the Monitor University in France. The exchange program with Jean Moulin was awarded an Honorable Mention by PR News Annual CSR Awards in University offers Baruch MBA students a short-term study abroad the category of Sustainability/CSR Reporting. Two academic papers program that participants give very high marks for cultural and have been accepted for publication by the Journal of Business Ethics, international business learning. the top academic journal focused on corporate social responsibility. It is one of the 45 academic journals that the Financial Times includes Under the leadership of Professor Lilach Nachum, our international in its research rankings. Three more academic papers are in various business faculty seminar series continued its remarkable run degrees of review. bringing leading scholars to Baruch to discuss their research on multinational companies, trends in global trade and investment Student programs continue to be at the heart of the Center’s flows, and challenges related to measurement of international mission. During the reporting period, we offered experiential economic activity. We continued to provide faculty grants to learning opportunities for Baruch students to study and intern support travel and participation in academic conferences around abroad. In FY 2014, 246 Baruch students studied abroad, followed by the world. We offered international scholar services for academic 267 students in FY 2015. In FY 2014, a record number of 57 students departments across the campus. interned abroad and in FY 2015, 45 students took advantage of this opportunity. In addition, we awarded 193 scholarships, grants, and During the last two years, we have also continued to expand our fellowships to undergraduate and graduate students across the efforts to contribute to the economic life of New York City with campus in FY 2014 and 190 in FY 2015. programs like World Trade Week NYC and import-export training, as well as information resources like NYCdata and our occasional paper been instrumental in helping provide high-impact programs that series. Our annual finance conference with CAPCO, a global business have allowed Baruch to raise its international profile in recent years. and technology consultancy dedicated to the financial services We look forward to working with our donors to provide a growing industry, creates an avenue for Baruch and other faculty and number of quality international opportunities for Baruch students industry leaders to discuss and share ideas about the state of and faculty in the years ahead. the financial industry. Thank you for your interest in the Weissman Center. If you have Lastly, I would like to recognize our donors. I would particularly like any questions about this report, please contact me directly at to highlight the late George Weissman, for whom the Center is (646) 312-2075 or Terrence.Martell@baruch.cuny.edu. named. George’s vision set the initial direction for the Center that we continue to follow today. In addition, I would like to highlight the support of Howard Smith, Chair of the Center’s Advisory Council, Terrence F. Martell and the Starr Foundation for the generous funding they have Saxe Distinguished Professor of Finance provided to enable Baruch students to study and intern abroad. University Faculty Senate Chair The Mitsui USA Foundation and Santander Universities have also Weissman Center Director Support for WCIB programs provided by: The Starr Foundation The Victor Besso Endowment Fund The Mitsui USA Foundation Hugh and Betsey Lamle Foundation The Weissman Fund The Santander Universities Program The International Advertising Association, NY Chapter The Falconwood Foundation The Brennan Family Foundation The Spielvogel Scholarship Fund Anumpam Ghose and Viyjanta Ruparel The Falk Fund David Tendler Concept Press, Inc. John Kelly The Fromme Scholarship Fund The Morace Family Foundation The Frank Lourenso Fund Frederick Schoenhut Financial Women’s Association Martin Rapaport Heller Family Foundation Martin Mosbacher Mission Statement The mission of the Weissman Center is to provide meaningful international educational experiences for Baruch undergraduate and graduate students, support scholarly research and teaching with an international business perspective, and contribute to the economic life of New York City. The composition of this photo of the Louvre in Paris shows off this student's talent at combining man-made structures and natural phenomena in a single frame. The student who took this photo participated in the New York-Paris Exchange during the spring semester and extended his stay through the following fall, giving him a year to fully appreciate the richness that Paris offers. Photo was taken and submitted by Marlon Altoe. TA B L E o f CONTENTS . . . . . . . . . . . . . Weissman Center Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Weissman Center Advisory Council ....................3 Financial Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Fellowships, Grants, and Scholarships ..................4 International Experiential Learning . . . . . . . . . . . . . . . . . . 5 Study Abroad . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 International Internships . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Global Student Certificate Program . . . . . . . . . . . . . . . . . . . 27 Undergraduate International Business Major . . . . . . . . . . . . . 30 Mitsui USA Lunchtime Forum Series . . . . . . . . . . . . . . . . . . . 33 International Business Faculty Research . . . . . . . . . . . . . . 34 CSR-Sustainability Monitor . . . . . . . . . . . . . . . . . . . . . . . . . 34 WCIB Faculty Seminar Series . . . . . . . . . . . . . . . . . . . . . . . . 36 Baruch-SWUFE Accounting and Management Joint Research Consortium . . . . . . . . . . . . . . . . 37 International Visiting Scholars Program . . . . . . . . . . . . . . . . 39 Contributing to the Economic Life of New York City . . . . . 40 . . . . Zicklin-Capco Institute in Applied Finance . . . . . . . . . . . . . . 40 Import-Export Training . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 World Trade Week . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 NYCdata . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 1 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY We i s s m a n C e n t e r S t a f f Terrence F. Martell Saxe Distinguished Professor of Finance Center Director Chair, CUNY Faculty Senate Lene Skou Adjunct Assistant Professor of Law Deputy Director Beth Miller Assistant Director Richard Mitten Study Abroad Director Christopher Tingue Associate Director of Study Abroad Sarah Demetz Assistant Director of GSC/IB and Work Abroad Coordinator Ruthy Gascot Administrative Coordinator Vitaly Berdyakov IT Coordinator George Maris Senior Accounting Coordinator Mert Demir CSR-Sustainability Monitor Senior Research Associate Alex Schwarz CSR-Sustainability Monitor Lead Analyst Danhua Zhang CSR-Sustainability Monitor Analyst and Research Associate Andrea Huda International Trade Operations and Supply Chain Management Training Program Coordinator Eugene Spruck NYCdata Project Manager 2 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY We i s s m a n C e n t e r A d v i s o r y C o u n c i l Howard I. Smith Chair of the Advisory Council Vice Chairman, Finance C.V. Starr and Co. Allen G. Aaronson CEO and President AVRS, Inc. John J. Kelly President and CEO Hanover Stone Partners, LLC Martin Rapaport Chairman and CEO Rapaport Diamonds Ismail Amal CEO Capco North America David Krell Chairman International Securities Exchange Carl Spielvogel CEO Spielvogel Associates, Inc. Robert J. Aquilina Executive Vice President ESTEE LAUDER International, Inc. Hugh R. Lamle President MD Sass John Bernbach President Engine USA Cleve Langton Chief Partnership Officer Brodeur Partners Worldwide Leslie Stroh Publisher The Exporter Chairman Trade Finance Service Corporation Joseph S. Bonocore Managing Director and Deputy Treasurer Citi Frank Lourenso Chairman (Retired) Commercial Banking/Middle Market JP Morgan Chase Donald P. Brennan Chairman (Retired) Morgan Stanley Capital Partners William W. Martin Chief Risk Officer Abu Dhabi Investment Authority (ADIA) John G. Duffy Vice Chairman Keefe, Bruyette and Woods Martin S. Mosbacher Managing Partner and CEO Intermarket Communications Anupam Ghose President and Chief Strategy Officer Roc Capital Thomas M.T. Niles Vice Chairman U.S. Council for International Business Henry Jarecki, MD Chairman Falconwood Corporation Sven Oehme President and CEO European-American Business Organization, Inc. Motomu Takahashi President and CEO Mitsui & Co. (U.S.A.), Inc. David Tendler Partner Tendler and Beretz LLC Vincent Tese Chairman Premier American Bank Diane Whitty Executive Director The Philanthropy Center, JP Morgan Chase Private Banking Group 3 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Financial Report WCIB Non-Tax Levy Operating Expenditures Programmatic Spending Categories STUDENT SERVICES FY14* FY15** Study Abroad $81,585.70 $89,854.80 International Internships $67,230.90 $65,782.10 Global Student Certificate $81,884.77 $84,437.80 Student Scholarships, Fellowships, and Grants $359,277.00 $343,469.39 IB Major / Student Advisement $23,279.00 $23,525.83 Speaker Series $13,607.20 $12,387.80 Subtotal Expenditures for Student Services $626,864.57 $619,457.72 Faculty Development $35,766.40 $34,385.04 SWUFE $10,000.00 $10,000.00 CSR $98,688.13 $102,822.00 Subtotal Expenditures for Academic Support Services $144,454.53 $147,207.04 BUSINESS AND PROFESSIONAL PROGRAMS $50,164.41 $50,633.80 ADMINISTRATION AND FUNDRAISING $58,690.79 $59,741.50 Total Expenditures $880,174.30 $877,040.06 ACADEMIC SUPPORT SERVICES *FY14 Student Student **FY15 Student Student Services represented 71% of the Weissman Center’s Baruch College Fund (non-tax levy) expenditures Scholarships represented 41% of BCF expenditures Sevices represented 71% of the Weissman Center's Baruch College Fund expenditures Scholarships represented 40% of BCF expenditures Expenditures do not reflect the salary expenditures for the Deputy Director, the Assistant Director, the Administrative Coordinator, the Study Abroad Director, and the Associate Director of Study Abroad. These positions are tax levy funded. This report includes WCIB operating expenditures allocated to the Baruch College Fund. Some BCF student scholarships that are included as WCIB operating expenditures in this report are administered by the WCIB, but not designated as WCIB accounts in the BCF. Certain study abroad expenditures and SWUFE-related expenditures are allocated to the Designated Funds Group (DFG). Certain expenditures for office supplies were allocated to the DFG in 2015. Number of Scholarships, Fellowships, and Grants for Students Zhengzhou Commodity Exchange (ZCE) Internship Fellowship Baruch Entrepreneurial Intern Fellowship Program Grants in International Travel C.V. Starr Study Abroad Fellowship Mitsui USA MBA Scholarship Carl Spielvogel ‘56 MBA Scholarship Colin Powell Fellowship in International Diplomacy Financial Women’s Association Study Abroad Scholarship Charles H. Falk Memorial Scholarship Irwin Fromme Scholarship Harvey and Sheila Stone International Marketing Scholarship Hugh Lamle Scholarship Total 4 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY FY 14 FY 15 2 20 57 70 7 3 2 5 15 5 5 2 2 20 45 75 10 3 1 5 16 5 5 3 193 190 International Experiential Learning Study Abroad Study Abroad Our goal is to provide Baruch students with costeffective means to study abroad with programs that combine substantive learning in a student's major and minor subjects with opportunities for students to engage with local culture. In 2014, 246 students took advantage of the opportunity to study abroad and that figure increased to 267 in 2015. In addition, we increased the number as well as percentage of students taking advantage of longer-term study abroad opportunities, especially exchange programs. Baruch Study Abroad Showcased Baruch Study Abroad Students Undergraduates Graduates Total 2014 231 15 246 2015 250 17 267 Baruch’s experience with curriculum integration internationally was presented by Baruch's Director of Study Abroad, Dr. Richard Mitten, at two CUNY-wide conferences: the University Faculty Senate conference “Globalizing Education,” held at John Jay College in April 2015, and the CUE Conference, held at City College in May 2015. In addition, Baruch Study Abroad was represented on a panel on the administration of study abroad at the CUNY-wide BARFITA conference on Enrollment Management held at John Jay College in June 2015. 5 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Study Abroad Imagine a WORLD... Study Abroad Country Destinations Prepare for a WORLD... Engage the WORLD! Country Argentina . . . . . . . . . . . . . . . . . . . . . . . .3 Australia . . . . . . . . . . . . . . . . . . . . . . .15 Austria . . . . . . . . . . . . . . . . . . . . . . . . . .2 Belgium . . . . . . . . . . . . . . . . . . . . . . . . .1 Brazil . . . . . . . . . . . . . . . . . . . . . . . . . . .1 China . . . . . . . . . . . . . . . . . . . . . . . . . .25 Costa Rica . . . . . . . . . . . . . . . . . . . . . . .2 Cuba . . . . . . . . . . . . . . . . . . . . . . . . . .12 Czech Republic . . . . . . . . . . . . . . . . . . .7 Denmark . . . . . . . . . . . . . . . . . . . . . . . .6 Dominican Republic . . . . . . . . . . . . . . .1 Ecuador . . . . . . . . . . . . . . . . . . . . . . . . .1 France . . . . . . . . . . . . . . . . . . . . . . . . .36 Germany . . . . . . . . . . . . . . . . . . . . . . .12 Greece . . . . . . . . . . . . . . . . . . . . . . . . . .6 Ireland . . . . . . . . . . . . . . . . . . . . . . . . . .1 Italy . . . . . . . . . . . . . . . . . . . . . . . . . . .46 Japan . . . . . . . . . . . . . . . . . . . . . . . . . .20 Jordan . . . . . . . . . . . . . . . . . . . . . . . . . .1 Mexico . . . . . . . . . . . . . . . . . . . . . . . . . .1 Mongolia . . . . . . . . . . . . . . . . . . . . . . . .1 Morocco . . . . . . . . . . . . . . . . . . . . . . . .1 Multiple Countries . . . . . . . . . . . . . . . . .2 Netherlands . . . . . . . . . . . . . . . . . . . . . .6 Peru . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 Poland . . . . . . . . . . . . . . . . . . . . . . . . . .9 Puerto Rico . . . . . . . . . . . . . . . . . . . . . .1 Slovenia . . . . . . . . . . . . . . . . . . . . . . . . .1 South Korea . . . . . . . . . . . . . . . . . . . . .18 Spain . . . . . . . . . . . . . . . . . . . . . . . . . .15 Sweden . . . . . . . . . . . . . . . . . . . . . . . . .1 Thailand . . . . . . . . . . . . . . . . . . . . . . . . .1 United Kingdom . . . . . . . . . . . . . . . . .11 TOTAL Country Close to one hundred Baruch students study abroad on short-term programs in January. One example is the immersive January study abroad program for MBA students run in association with Jean Moulin University in Lyon, France. We also supported two short-term faculty-led programs: one, sponsored by the Journalism Department, traveled to Cuba to study and report on the new entrepreneurship, while a Jewish Studies Program-sponsored trip took students to Poland as part of a course on historical memory and the Holocaust. 6 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Academic Year 2014-2015 267 Academic Year 2013-2014 Argentina . . . . . . . . . . . . . . . . . . . . . . .1 Australia . . . . . . . . . . . . . . . . . . . . . . .13 Austria . . . . . . . . . . . . . . . . . . . . . . . . . .4 Bahamas . . . . . . . . . . . . . . . . . . . . . . . .1 Belgium . . . . . . . . . . . . . . . . . . . . . . . . .2 China . . . . . . . . . . . . . . . . . . . . . . . . . .35 Czech Republic . . . . . . . . . . . . . . . . . . .2 Denmark . . . . . . . . . . . . . . . . . . . . . . . .8 Dominican Republic . . . . . . . . . . . . . . .1 France . . . . . . . . . . . . . . . . . . . . . . . . .31 Germany . . . . . . . . . . . . . . . . . . . . . . . .6 Greece . . . . . . . . . . . . . . . . . . . . . . . . .1 India . . . . . . . . . . . . . . . . . . . . . . . . . . .1 Israel . . . . . . . . . . . . . . . . . . . . . . . . . . .3 Italy . . . . . . . . . . . . . . . . . . . . . . . . . . .41 Japan . . . . . . . . . . . . . . . . . . . . . . . . .24 Mexico . . . . . . . . . . . . . . . . . . . . . . . . .3 Netherlands . . . . . . . . . . . . . . . . . . . . .5 Poland . . . . . . . . . . . . . . . . . . . . . . . . . .1 Puerto Rico . . . . . . . . . . . . . . . . . . . . . .1 South Korea . . . . . . . . . . . . . . . . . . . .10 Spain . . . . . . . . . . . . . . . . . . . . . . . . . .28 Sweden . . . . . . . . . . . . . . . . . . . . . . . . .2 Switzerland . . . . . . . . . . . . . . . . . . . . . .2 Thailand . . . . . . . . . . . . . . . . . . . . . . . .2 Turkey . . . . . . . . . . . . . . . . . . . . . . . . . .1 United Arab Emirates . . . . . . . . . . . . . .1 United Kingdom . . . . . . . . . . . . . . . . .14 US (Hawaii) . . . . . . . . . . . . . . . . . . . . . .2 TOTAL 246 TOTAL SU 13-SP 15 513 Study Abroad Spotlight C.V. Starr Fellowships Support Study Abroad Programs for Graduate Students C.V. Starr Fellowships are awarded to graduate students who participate in Baruch short-term study abroad programs. “International Business Practices and Policies: A European Perspective” is the title of the short-term program organized by the Weissman Center for MBA students at Baruch, which in January 2014 celebrated its fifh anniversary. The WCIB has been at the forefront of trying to provide more study abroad opportunities to Baruch graduate students, who are often unable to consider semester-long study at an exchange partner university. Distinctive among short-term programs anywhere, the Zicklin program at Jean Moulin University enables Baruch students to participate in International Seminars alongside their counterparts because these seminars are a required part of Lyon’s graduate curriculum. The program also includes pre-departure lectures, special preparatory seminars once the students arrive, company visits, and cultural excursions. In January 2014, 13 students participated. “We took classes with French students. I also really enjoyed the professors. That really caused me to change my view of the world and appreciate the importance of learning and experiencing different cultures. It made me want to travel even more. The C.V. Starr Study Abroad Fellowship funds helped me cover the high costs of going abroad for a full two weeks. I was so thankful to have received this scholarship. I am working full time and paying for my MBA out of pocket, so the Fellowship was greatly appreciated.” Jennifer Coulombe, (MBA '14) 2014 Thanksgiving Dinner event for incoming exchange students 7 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Study Abroad Study Abroad Fair for Students Each Semester Each semester the Study Abroad Office hosts a Study Abroad Fair where students from across campus can learn about study abroad programs and find the programs that fit their needs. Each semester the fair is packed with students and vendors. Approximately 400 students attend this very dynamic event. It is the largest study abroad fair within CUNY and vendors and students alike give it high marks for the great energy and opportunities it provides students to learn more about the world. 8 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Study Abroad Baruch/Berlin School of Economics and Law Curriculum Integration Initiative A Model for International Collaboration In Focus The Berlin School of Economics and Law (BSEL) has been an exchange partner of Baruch College since 2005. With approximately 10,000 students, BSEL is one of the largest institutions of higher education in Germany’s capital city. BSEL is distinguished by a clear focus on providing academic education strongly linked to real-world skills, an intensive and diverse program of research, high quality standards, and a strong international approach. BSEL's portfolio of programs cover private and public sector business and economics, administration, law, security management, and engineering. The Berlin School of Economics and Law encourages the internationalization of its students and faculty through more than 130 partnerships with universities throughout the world. The partnership has been at the forefront of initiatives to integrate study abroad into the Baruch curriculum. The International Business major was the first programmatic effort in this regard. The Berlin School of Economics and Law is a University of Applied Sciences. The German Universities of Applied Sciences were established in the early 1970s to provide the practice-oriented approach to higher education valued by German industries in international markets. Since then they have established themselves as a major pillar in the German higher education system. The major strengths of the German Universities of Applied Sciences are: • Academic learning linked to real-life practice • Small class size with continual assessment and subjects relating to professional needs • Internships and supervised work experience • Applied research in cooperation with companies and application-oriented institutes • Strong international outlook and program structure Second Annual Baruch College and Berlin School of Economics and Law Research and Teaching Conference When Baruch faculty get involved and work with our exchange partners, the focus is on teaching and curriculum. That means improving the quality of study abroad for Baruch students. The two-day workshop was designed to give the delegation from Berlin an opportunity to learn more about what Baruch has to offer and to explore possible areas of collaboration between the two business schools. BSEL and Baruch faculty had the opportunity to meet and discuss curriculum as well as research interests. This is the second joint workshop. The first was held in Berlin. Professor Andrea Zaby, First Vice President of BSEL, and Dr. Richard Mitten, Director of Study Abroad at Baruch, organized the joint workshop. Here they are on the last day of the workshop at the wrap-up meeting. “We had some really lively and quite enlightening discussions of similarities and differences between the two schools and the German and U.S. educational systems, which provided an agenda for practical steps to improve student exchange. And it was great to be able to have individual faculty meet and get to know each other," Richard Mitten said. 9 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Study Abroad Our Exchange Partners Austria: Technical University of Vienna (Graduates only, English or German) England: Middlesex University, London (Full year) Vienna University of Economics and Business Administration (Graduates or Undergraduates, English or German) France: Jean Moulin University (Graduates or Undergraduates, English or French; Short-term study abroad program for graduate students, English) Belgium: Ghent University (Graduates or Undergraduates, English or Dutch/Flemish) China: Southwestern University of Economics and Finance (SWUFE), Chengdu (English or Mandarin) University of International Business and Economics, Beijing (English or Mandarin) City University of Hong Kong (English or Cantonese) Denmark: Copenhagen Business School (Graduates or Undergraduates, English or Danish) Dominican Republic: Universidad Iberoamericana (UNIBE) (English or Spanish) University of Paris-Dauphine (Graduates or Undergraduates, English or French) CUNY New York—Paris Exchange (English or French) Germany: Berlin School of Economics (English or German) Leipzig Graduate School of Management (Graduates only, English or German) The Netherlands: University of Applied Sciences, Amsterdam (English or Dutch) The University of Amsterdam (Graduates or Undergraduates, English or Dutch) South Korea: Yonsei University (English or Korean) Spain: Charles III University Madrid (Graduates or Undergraduates, English or Spanish) Sweden: Stockholm Business School (English or Swedish) Switzerland: Zurich University of Applied Science (English or German) India: Indian Institute of Management, Calcutta (Graduates only, English) Thailand: Chulalongkorn School of Business, Bangkok (English or Thai) Indian Institute of Management, Indore (Graduates only) Turkey: Bilkent University (English or Turkish) Italy: CUNY-Italy Exchange (Italian) Koç University (English or Turkish) Highlights • Twenty-five exchange partners in 2015. • New exchanges in 8 different cities added since 2010: Ankara, Bangkok, Beijing, Ghent, Hong Kong, Istanbul, Madrid, and Zurich. • The new exchange with the City University of Hong Kong has attracted record numbers of applicants. • In only its second semester, we will be sending 16 students to the Charles III University Madrid. This is a record number of Baruch students attending any single institution for a semester. • Baruch College continues to be the only institution from abroad that is permitted to send a group of graduate students to participate in the International Seminars offered by the Jean Moulin University in Lyon, France in January each year. Baruch faculty members have been invited to submit proposals to teach in the International Seminars program to be held in January 2016. At least two Baruch faculty have indicated an interest in doing so. • The Berlin School of Economics and Law has launched a "study plus" program where Baruch students have the opportunity to do an internship in Berlin in connection with their studies at BSEL. This high-impact program offers academic learning as well as career-focused practical training in an international setting. 10 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Study Abroad Top Exchanges by Number of Participating Students Incoming Exchange Students Fall 2013 Rank Country Exchange University/Partner 1 1 2 3 3 4 4 5 5 5 5 5 6 6 6 6 6 6 6 6 6 6 Berlin School of Economics Southwest University of Finance and Economics Copenhagen Business School Dauphine University Zurich School of Applied Sciences City University of Hong Kong University of International Business and Eco. CUNY Paris Exchange Jean Moulin University Stockholm University University of Ghent ZCE CUNY Italy Exchange ESTEMA Escuela de Negocios Hogeschool van Amsterdam Indian Institute of Management, Calcutta Leipzig Graduate School of Management North American Mobility Program University College Ghent University of Amsterdam Vienna University of Eco. and Bus. Admin. Yonsei University Germany China Denmark France Switzerland China China France France Sweden Belgium China Italy Spain Netherlands India Germany NAMP Belgium Netherlands Austria South Korea TOTAL Outgoing Exchange Students Fall 2013 Total 7 7 6 5 5 3 3 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 56 Rank Exchange University/Partner Country 1 2 2 2 3 3 3 3 4 4 4 4 Denmark France NAMP China Germany France Austria South Korea Thailand India Sweden Netherlands Incoming Exchange Students Spring 2014 Rank 1 2 3 3 4 4 4 4 4 4 4 4 4 4 4 4 5 5 5 Country China NAMP Netherlands Switzerland Thailand China Italy France Netherlands France Spain Dom. Republic China Austria South Korea China Turkey Sweden Belgium TOTAL Exchange University/Partner Total Southwest University of Finance and Economics 8 North American Mobility Program 5 University of Amsterdam 3 Zurich School of Applied Sciences 3 Chulalongkorn University 2 City University of Hong Kong 2 CUNY Italy Exchange 2 CUNY Paris Exchange 2 Hogeschool van Amsterdam 2 Jean Moulin University 2 Universidad Europea de Valencia 2 Universidad Iberoamericana (UNIBE) 2 University of International Business and Economics 2 Vienna University of Eco. and Bus. Admin. 2 Yonsei University 2 ZCE 2 Bilkent University 1 Stockholm University 1 University of Ghent 1 46 Copenhagen Business School Jean Moulin University North American Mobility Program University of International Business and Eco. Berlin School of Economics Dauphine University Vienna University of Eco. and Bus. Admin. Yonsei University Chulalongkorn University Indian Institute of Management, Indore Stockholm University University of Amsterdam TOTAL Total 4 3 3 3 2 2 2 2 1 1 1 1 25 Outgoing Exchange Students Spring 2014 Rank 1 2 2 2 3 3 3 3 3 3 3 Exchange University/Partner Yonsei University Berlin School of Economics Dauphine University Vienna University of Eco. and Bus. Admin. City University of Hong Kong Hogeschool van Amsterdam Jean Moulin University Southwest University of Finance and Eco. University of Ghent University of International Business and Eco. Zurich University of Applied Sciences TOTAL Country South Korea Germany France Austria China Netherlands France China Belgium China Switzerland Total 3 2 2 2 1 1 1 1 1 1 1 16 Understanding the Terminology of Study Abroad Study abroad programs can be divided into three basic types: • Exchange Programs • Sponsored Study Abroad Programs • Direct Enrollment in a Foreign University or Other Institution of Higher Education How a program is classified depends on its administrative structure, what tuition is charged to participants and to which institution it is paid, and the level of student support services the program offers. The total number of Baruch students on these programs in a given year equals the number of students studying abroad. 11 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Study Abroad Top Exchanges by Number of Participating Students Incoming Exchange Students Fall 2014 Rank Country Exchange University/Partner 1 2 3 3 4 4 5 5 5 6 6 6 6 6 6 6 6 7 7 7 7 Berlin School of Economics Copenhagen Business School Southwest University of Finance and Economics Yonsei University City University of Hong Kong Dauphine University Hogeschool van Amsterdam Jean Moulin University Vienna University of Eco. and Bus. Admin. Chulalongkorn University CUNY Paris Exchange Indian Institute of Management, Indore Technical University of Vienna University of Amsterdam University of Ghent University of International Business and Economics ZCE Bilkent University CUNY Italy Exchange Indian Institute of Management, Calcutta Leipzig Graduate School of Management Germany Denmark China South Korea China France Netherlands France Austria Thailand France India Austria Netherlands Belgium China China Turkey Italy India Germany TOTAL Outgoing Exchange Students Fall 2014 Total 9 7 5 5 4 4 3 3 3 2 2 2 2 2 2 2 2 1 1 1 1 63 Rank Exchange University/Partner Country 1 2 3 3 4 5 5 5 5 5 5 6 6 France France Germany South Korea China Spain Denmark Netherlands China Netherlands China Thailand Italy Jean Moulin University Dauphine University Berlin School of Economics Yonsei University City University of Hong Kong Carlos III Madrid Copenhagen Business School Hogeschool van Amsterdam Southwest University of Finance and Eco. University of Amsterdam University of International Business and Eco. Chulalongkorn University CUNY Italy Exchange TOTAL Incoming Exchange Students Spring 2015 Rank Country Exchange University/Partner 1 2 3 3 3 3 4 4 4 4 4 5 5 5 5 5 5 5 Xiamen University Yonsei University CUNY Paris Exchange Dauphine University Jean Moulin University Southwest University of Finance and Economics Bilkent University City University of Hong Kong Universidad Carlos III de Madrid University of International Business and Economics ZCE Copenhagen Business School Hogeschool van Amsterdam Leipzig Graduate School of Management Stockholm University University of Ghent Vienna University of Eco. and Bus. Admin. Zurich School of Applied Sciences China South Korea France France France China Turkey China Spain China China Denmark Netherlands Germany Sweden Belgium Austria Switzerland TOTAL Total Outgoing Exchange Students Spring 2015 Total 5 4 3 3 3 3 2 2 2 2 2 1 1 1 1 1 1 1 38 Rank 1 2 3 3 3 3 4 4 4 Exchange University/Partner Copenhagen Business School Yonsei University Berlin School of Economics Dauphine University Jean Moulin University University of Amsterdam City University of Hong Kong Universidad Carlos III de Madrid Vienna University of Eco. and Bus. Admin. TOTAL Country Denmark South Korea Germany France France Netherlands China Spain Austria Total 4 3 2 2 2 2 1 1 1 18 Exchange Balances by Semester (Incoming and Outgoing Students) Semester Incoming Students Outgoing Students Fall 2013 56 25 Spring 2014 46 16 Fall 2014 63 41 Spring 2015 38 18 Total 203 100 Taking a Measure of the Big Picture The total number of Baruch students studying abroad (including students on exchange programs) exceeded the number of incoming exchange students in both 2014 and 2015. Total Baruch Students Studying Abroad and Total Incoming Student Exchange Balance by Year Outgoing Study Abroad* Academic Year 2014 246 Academic Year 2015 267 Total 513 * Includes students on exchange programs and other programs as well. 8 6 5 5 3 2 2 2 2 2 2 1 1 41 Incoming Exchange Students 102 101 203 Balance 144 166 310 Baruch students going abroad through an exchange program as a percentage of total students studying abroad increased from 17% in the academic year 2014 to 26% in 2015. 12 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Study Abroad C.V. Starr Study Abroad Fellowships Summer 2013 First Name Last Name Program Country Jessica Dariya Samyuktha Dmitry Chu-A-Kong Makhova Shivraj Yakovlev London Calling: A Creative Writing Seminar London Calling: A Creative Writing Seminar Berlin International Summer School Berlin International Summer School First Name Last Name Program Stephenie Maneesha Wei Xing Yan Dawn Rahua Sangwoo Amber Aygul Cassandra Yang Vienna (Jing Hao) Minglu Youssef Jonathan Sung Elsie Vanessa Jessy Tatyana Stephanie Ceren Mayank Lana Aleksey Lauren Liang Joanna Sungjoon Junyu Ying Sheimay Akanjo Bhugwansing Chen Chen Figman Hagos Melles Han Johnson Kramer Laurent Lin Liu Liu Mamdouh Nazarian Park Paulino Pereira Shajan Shtrauh Sica Soyugurlu Suneja Tanich Trofimov Woo Wu Yang Yoon Zhang Zhang Zheng Jean Moulin University Universidad Autonoma de Barcelona University of International Business and Economics Copenhagen Business School University of Paris through MICEFA Dauphine University Oxford University Dauphine University University of International Business and Economics Jean Moulin University Copenhagen Business School Technical University of Vienna Jean Moulin University American University in Dubai Copenhagen Business School Yonsei University Vienna University of Economics and Business Administration Dauphine University Queen Mary College, University of London Carlos III University Lorenzo de’ Medici Florence Vienna University of Economics and Business Administration Berlin School of Economics and Law Dauphine University University of Amsterdam Queen Mary College, University of London Peking University Southwestern University of Finance and Economics (SWUFE) Zurich University of Applied Sciences University of International Business and Economics Copenhagen Business School Yonsei University First Name Last Name Program Helen Elise Jeffrey Jerry Lai Lee Jennifer Nathan Erez Yuling Paulina Rochelle Andrew Olesya Angela Gregory Cynthia April William Linda Brewer Campagna Campanelli Chan Chui Coulombe Cowall Hillel Hu Jankovic Kleter Miller Moosman Morris Olmstead Roldan Scoville Witter Wu Jean Moulin University Jean Moulin University Jean Moulin University Queens College Australia Program Queens College Australia Program Jean Moulin University Jean Moulin University Jean Moulin University Southwestern University of Finance and Economics (SWUFE) Lorenzo de’ Medici Florence Jean Moulin University Jean Moulin University Jean Moulin University Jean Moulin University Jean Moulin University Brooklyn College China Program Jean Moulin University Jean Moulin University Lorenzo de’ Medici Florence United Kingdom United Kingdom Germany Germany Fall 2013 Country France Spain China Denmark France France United Kingdom France China France Denmark Austria France United Arab Emirates Denmark South Korea Austria France United Kingdom Spain Italy Austria Germany France The Netherlands United Kingdom China China Switzerland China Denmark South Korea Winter 2014 Country France France France Australia Australia France France France China Italy France France France France France China France France Italy 13 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Study Abroad C.V. Starr Study Abroad Fellowships Spring 2014 First Name Last Name Program Country JiaKai Peace Wendy Eddie Lucia Gloria Viktoriya Pawel Judy Julieth Victoria Sebastian Tanima Alina Sungjoon Chen Chung Deng Esses Gioiello Gonzales Konstantinova Krasowski Ling Ortiz Polobny Restrepo Sen Wang Yoon Yonsei University Lorenzo de’ Medici Florence Yonsei University Lorenzo de’ Medici Florence Dauphine University Berlin School of Economics and Law Lorenzo de’ Medici Florence University of Economics Berlin School of Economics and Law Ghent University Lorenzo de’ Medici Florence Mahidol University Amsterdam U. of Applied Sciences Lorenzo de’ Medici Florence Zurich U. of Applied Sciences First Name Last Name Program Johanna Mandy Anastasiya Alex Martinique Katerina Alisa Jessica Yustyna Go Huang Kachur Kagan Morakinyo Nicolaou Rudy Toib Yaremchuk Japanese Language in Kyoto Yonsei University Sophia University Lorenzo de’ Medici Florence Brooklyn College China Program Lorenzo de’ Medici Florence Lorenzo de’ Medici Florence Colegio de España, Salamanca Berlin School of Economics and Law First Name Last Name Program Osa Emi Hoi Kei Shaniece Ingrid Erika Ezekiel Jacob Nichole Veriko Gautier Gabriela Xiaochun Chuimbou Amandine Dennis Joo Hyun Manuel Michael Ana Jasmine Mustafa Jane Mahatma Kevin Juan Otmane Karina Angelique Agbonlahor Araki Chan Cole Diaz Diez Dwek Dwek Foster Gagnashvili Godard Guaita Saba Huang Kamara Le Goupil-Maier Lee Lee Mercedes Merk Meza Mingo Moiz Oh Paul Schlanger Suarez Tahiri Williams Wynants University of Amsterdam Jean Moulin University Southwestern University of Finance and Economics (SWUFE) Hogeschool van Amsterdam Jean Moulin University Jean Moulin University Charles University Prague Charles University Prague Dauphine University Dauphine University University of International Business and Economics Berlin School of Economics and Law Southwestern University of Finance and Economics (SWUFE) Dauphine University Link Campus in Rome Yonsei University Berlin School of Economics and Law University of Nagasaki City University of Hong Kong Jean Moulin University Dauphine University Copenhagen Business School Yonsei University Dauphine University Copenhagen Business School Pontifícia Universidade Católica do Rio de Janeiro - PUC-Rio Berlin School of Economics and Law American College of Thessaloniki London School of Economics South Korea Italy South Korea Italy France Germany Italy Poland Germany Belgium Italy Thailand The Netherlands Italy Switzerland Summer 2014 Country Japan South Korea Japan Italy China Italy Italy Spain Germany Fall 2014 14 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Country Netherlands France China Netherlands France France Czech Republic Czech Republic France France Austria Germany China France Italy South Korea Germany Japan China France France Denmark South Korea France Denmark Brazil Germany Greece United Kingdom Study Abroad C.V. Starr Study Abroad Fellowships Winter 2015 First Name Last Name Program Country Rose Yevgeniy Derek Sharlene Danielle Rose Rachel Eydelnant Anastasia Metjahic Brian Cheung Joseph Masiel Charlee Kubiak Sweta Shannese Sharon Liao Bayeff (nee Fuller) Bekkerman Berezdivin Bisram Caby Crichton Frossard Gidon Korolkova Laila Luley Man Na Masella Mejia Newman Philip Sharma Sutton Williams Yinyi International Business Policies and Perspectives-Lyon 3 International Business Policies and Perspectives-Lyon 3 International Business Policies and Perspectives-Lyon 3 International Business Policies and Perspectives-Lyon 3 International Business Policies and Perspectives-Lyon 3 International Business Policies and Perspectives-Lyon 3 International Business Policies and Perspectives-Lyon 3 French and Francophone Culture through Medgar Evers International Business Policies and Perspectives-Lyon 3 Lorenzo de’ Medici through CSI International Business Policies and Perspectives-Lyon 3 Cross-Cultural Management in Sydney through Queens College International Business Policies and Perspectives-Lyon 3 International Business Policies and Perspectives-Lyon 3 International Business Policies and Perspectives-Lyon 3 Yonsei University International Business Policies and Perspectives-Lyon 3 International Business Policies and Perspectives-Lyon 3 International Business Policies and Perspectives-Lyon 3 Cross-Cultural Management in Sydney through Queens College First Name Last Name Program Tina Grzegorz MingYang Jessica Mun Phoebe Amanda Ji Hae Lorenz Emily Elvira Ben Fionnuala Rishika Shwe Angelique Bhatia Brzozka Chen Huang Ko Lau Lederman Lee Lina Macchia Muratalieva Nahami O’Donnell Singh Tin Wynants Berlin School of Economics and Law Copenhagen Business School City University of Hong Kong Hankuk University of Foreign Studies Copenhagen Business School Copenhagen Business School Lorenzo de’ Medici Florence Dauphine University Berlin School of Economics and Law Lorenzo de’ Medici Florence Charles III University Madrid Temple University Japan Lorenzo de’ Medici Florence The University of Amsterdam Yonsei University London School of Economics France France France France France France France France France Italy France Australia France France France South Korea France France France Australia Spring 2015 Associate Director of Study Abroad, Christopher Tingue, with the Baruch mascot, the Bearcat, who happens to be a Baruch student studying abroad in Sydney, Australia in Spring 2016. Country Germany Denmark China South Korea Denmark Denmark Italy France Germany Italy Spain Japan Italy Netherlands South Korea United Kingdom Students participate in International Education Week sponsored by Santander Universities 15 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Study Abroad What students are saying about Study Abroad Amandine Le Goupil-Maier Ms. Le Goupil-Maier speaks four languages fluently. An international business major, she was approved to study on the CUNY-wide Italian Exchange Program, which requires students to be able to study in Italian. She was a recipient of a C.V. Starr Study Abroad Fellowship for this semesterlong program, and will also be studying (in Spanish) at Charles III University Madrid in Fall 2015. Why did you initially choose this specific study abroad destination and program? I initially chose this program because I wanted to enhance my Italian language skills. I had studied Italian in high school but I had only learned the basics. In addition, my major at Baruch is international business and I wanted to finish college and enter the work world being fluent in four languages. I was interested in attending a traditional Italian school so that I could become familiar with business terms in that language. I also really enjoy art history and that was part of the reason why I chose to study abroad in Rome. What did you enjoy the most about your study abroad experience? Why? This semester I was able to visit various museums and churches in Rome. After school, I would head to the center of Rome and just walk around town. I would go into churches that looked ordinary from the outside and walk out speechless. The basilicas were magnificent. The ceilings were covered in frescoes with bright colors. The history in Rome is incredible. Many museums have some of the greatest sculptures and artwork from Italian Renaissance artists such as Michaelangelo, Bernini, Tiepolo, Raphael, and many more. Having the opportunity to live in a city that offers so much culture is exactly what I was hoping for when I chose to study abroad in Rome. 16 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Study Abroad Gabriela Guaita Saba Ms. Guaita Saba is from Venezuela and an international business major. She was selected to attend the exchange at the Berlin School of Economics and Law, and opted for the Berlin Study Plus program, which combines course work with the opportunity to do an internship with a company based in Berlin. Why did you initially choose this specific study abroad destination and program? When planning my study abroad semester I had in mind three destinations: Hong Kong, Japan, or Germany. I had problems with my passport, which was going to expire in December 2014, and due to Venezuelan regulations I could not renew it before it was within 6 months of expiring. The program in Berlin gave me the greater flexibility when it came to applying for my visa and starting the semester. Moreover, I found Germany very appealing because it is a European country and because it is a major player in the European Union, and therefore an important country when looking into foreign markets. In addition, I wanted to start learning German and what better way to do it than by immersion. What did you enjoy the most about your study abroad experience? Why? What I enjoyed the most about this experience was the opportunity to explore Europe, since it was my first time there. I had the opportunity to travel and interact with people in their own country. Traveling within Europe is simple and achievable with affordable prices with some planning. By the end of my stay abroad I visited 11 countries and several cities within Germany. Being able to taste the food from where it comes from and visiting the places I have heard about or seen on TV many different times is a feeling I will always carry with me. I realized that I like architecture more than I ever imagined by seeing the different styles. Chuimbou Kamara Mr. Kamara, originally from the Cote d'Ivoire, who is also an international business major, applied to study at Dauphine in Paris. He was one of the strongest candidates for the exchange and had a great personal and academic learning experience. Why did you initially choose this specific study abroad destination and program? Actually, at first I did try to find a way around the study abroad requirement by applying to the Global Student Certificate program for diverse reasons but mainly financial ones. Then I started to research about study abroad and realized I might miss out in life experience if I do not go for study abroad. By that time, the deadlines for study abroad applications were closing so I had to lean on the advice of the study abroad office to choose destinations. I had the advantage of speaking French pretty well, so this specific destination was a perfect fit. What did you enjoy the most about your study abroad experience? Why? I enjoyed many things. The management of the University dormitory where I lived, had stand-up comedians and musicians play live once a month to entertain us. It was great to meet up with other students from different horizons, laugh about French jokes. I enjoyed my "cross-cultural barriers" class. In fact, the professor had everyone present about his/her home country and contrast with one country of a classmate. This simple exercise makes you realize differences and similarities in cultures. Moreover, some students had to learn about their own country from other students. For instance, students from China did not know anything about Tibet and the Dalai Lama, because Chinese government keeps that secret from the public. The school has a restaurant where any dish costs about 3 euros, which is very much affordable for students. I enjoyed the "spaghetti bolognaise" every day of class. I would not miss my study abroad experience for anything. 17 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY International Internships A Wide Range of Internship Opportunities in New York City and Abroad Provide Students Hands-On Experience of Global Business Issues and Practices The Internship Placement Program continued to develop internship opportunities that expose Baruch undergraduate and graduate students of all majors to international business issues and practices. In academic year 2014 we placed 230 students in internships, of which 57 were abroad. In academic year 2015 we placed 193 students, of which 45 were abroad. During the reporting period we increased our outreach to students via social media. As a result, we have added 1,108 new students to our internship program over the last two fiscal years. Through the expanded use of social media, the program has been able to reach students from different concentrations (e.g., Psychology, Digital Marketing, and Statistics), which has allowed the program to have a more diverse candidate pool for companies. Internships Domestic Abroad Total 2014 173 57 230 2015 148 45 193 Here are some examples of the types of internship experiences in the NYC metropolitan area that students pursued during academic year 2014. These are resume builders for students since employers look for real-world experience when they hire. Company: Position: Semester: Student: Major/Grad: Alba Wheels Up International Freight Forwarding and Brokerage Intern Fall 13 Joseph Perez BBA-IB, 6/14 Coler-Goldwater Specialty Hospital and Nursing Facility and Gouverneur Healthcare Service Human Resources Intern Summer 13, Fall 13, and Spring 14 Tina Bhatia Jenny Wang BBA-HR, 6/16 BBA-HR, 6/16 International Bond and Brokerage, Ltd. Marine Department Intern Summer 13 and Fall 13 Marco Castillo Standard and Poor’s SAS Model Validation Intern/Consultant Fall 13 and Spring 14 Katie Hwang BBA-MarketingMarine Management, 6/14 MS-Statistics, 6/14 A few more examples from 2015 give a sense of how internship experiences are helping students apply the lessons they learned in the classroom and prepare for a career in their chosen field. Company: Position: Semester: Student: International Advertising Association – New York Chapter IAA Intern (Marketing) Fall 14 Molayo Martinique Morakinyo BBA-Marketing Management, 6/15 Manhattan Chamber of Commerce Office Assistant Spring 15 Syed Mahmud BBA-Finance, 1/16 Morgan Stanley Wealth Management Intern Fall 14 Qian Qian (Joanna) Yang BBA-Finance, 6/15 Standard and Poor’s Credit Solutions Intern Spring 15 Michael Sung BBA-Statistics and Quantitative Modeling, 6/15 UBS Computer Operator/Finance Spring 14, Summer 14, and Fall 14 Phylicia Forde Allan Ruan BBA-Operations Management, 6/15 BBA-Statistics and Quantitative Modeling, 6/16 18 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Major/Grad: International Internships Work Abroad The goal of the internship program is to enable students to gain practical work experience in the rapidly evolving global marketplace. An internship abroad adds an element of adventure and fosters self-sufficiency, independence, and intercultural skills, as well as helps students gain exposure to their intended area of business as it is practiced in foreign countries. Destinations included countries in Central and South America; Western, Southern, and Central Europe; the Middle East; Southern Africa; Eastern and Southern Asia; and the Asian Pacific. The variety of destinations and industries that students chose to participate in demonstrates Baruch students' desire for adventure, challenge, and change. Sharing Expertise with the International Education Community Beth Miller, the Weissman Center’s assistant director, shared her experience with the work abroad program at Baruch College with the international education community in the NAFSA webinar “Developing an International Internship Program.” Her co-presenters included Maj Fischer, University of Wisconsin-Madison and Cheryl Matherly, University of Tulsa. The webinar is one of the most viewed in the NAFSA series and is available at NAFSA.org NAFSA is an association that promotes the professional development of U.S. college and university officials responsible for assisting and advising students who seek to take advantage of international educational opportunities. 19 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY International Internships The Weissman Center Partners with the Zhengzhou Commodity Exchange in China to Share Knowledge about Commodity Markets “The goal of the Weissman Center’s program with Zhengzhou Commodity Exchange is to increase mutual understanding of how commodity markets work in the U.S. and in China. The program offers finance students with skills in Mandarin the opportunity to experience first hand how futures exchanges work in China. In return, Baruch hosts two ZCE employees every semester. They take finance-related courses and get exposure to the U.S. I believe this is a truly unique opportunity that combines academic, practitioner, and experiential learning and enables participants to build strong professional relationships for the future." -Dr. Martell, WCIB Director In Focus Zhengzhou Commodity Exchange (ZCE) is the first pilot futures market approved by the Chinese State Council. Being one of the four futures exchanges in China, ZCE is under the vertical management of China Securities Regulatory Commission. Visit to the United Nations As part of the exchange agreement, Baruch hosts two ZCE employees who take classes in the business school. One of the classes they take is Dr. Martell's seminar on futures and forward markets. The photo above shows Dr. Martell meeting with ZCE employees who are alumni of the exchange program. ZCE performs its functions according to the Futures Trading Management Ordinance, Futures Exchanges Regulation and implements self-regulation in accordance with the Zhengzhou Commodity Exchange Constitution, Zhengzhou Commodity Trading Rules. ZCE abides by the principles of openness, fairness, justness and good faith, provides a marketplace with associated facilities and services for futures trading, and regulates futures trading. ZCE has adopted a membership system. At the end of 2013, 203 members, from 27 provinces, municipalities and autonomous regions in China, had been registered. Among the total, futures company membership (162) accounts for 80%, non-futures company (41) accounts for 20%. At present, the listed products on ZCE include wheat (Strong Gluten Wheat and Common Wheat), Early Long Grain Non-glutinous Rice, Japonica Rice, Cotton, Rapeseed, Rapeseed Oil, Rapeseed Meal, White Sugar, Steam Coal, Methanol, Pure Terephthalic Acid (PTA) and Flat Glass, forming a comprehensive range of products covering several crucial areas of the Chinese economy including agriculture, energy, chemical industry and construction materials. (Description adapted from the ZCE website: english.czce.com.cn) Summer 2014 on the ZCE trading floor. Zhi Chen (left, BBA Finance 2015) and Shan Lin (right, BBA Finance expected 2016). 20 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY International Internships The Starr Foundation Helps Students with Travel Grants for Internships Abroad International Travel Grant Recipients Summer 2013-Spring 2014 First Name Last Name Major Grad Date Country Semester Jonathan Joel David Ihor Jessica Lydia Jonathan Rachel Christine Yasmin Aleksandra Jonathan Wendpayimdi Fionnuala Ana Victoria Bianca Vishal Tzuhao (Howard) Peng Jason Jacky Dinorahon Erum Alyssa Albujar Cabrera Chen Dnistrian Feng Fisher Haviv Hutchings Kien Dao Majeed Mikaylova Moro Nikiema O’Donnell Recio Ren Rosario Thapa Tseng Wang Wu Yu Yusupova Zubar Alcino Political Science Economics Business Administration International Business Business Administration Undecided International Business Mathematics Corporate Communications English Statistics Marketing Statistics -MS Human Resource Management Business Administration International Business Marketing Accounting Undecided Human Resource Management Marketing Business Administration Finance International Business Public Affairs Dec-15 Jun-15 Jun-15 Jun-15 Jun-14 Jun-13 Jun-16 Jun-14 Jun-15 Jun-16 Jun-16 Dec-14 Jun-14 Jun-16 Jun-15 Jun-14 Jan-15 Jun-14 Jun-16 Dec-13 Jun-16 Jun-15 Jun-14 Jun-15 Jun-14 Brazil Brazil Barbados Ukraine Taiwan Portugal Brazil Brazil Bahrain Bahrain Israel China Burkina Faso Italy Brazil China Italy Barbados Switzerland Barbados Russia Ukraine Barbados Turkey Argentina Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Kateryna Viktor Jina Alexander Joanna Moustafa Ilena Singting Larissa Jady Nora Ellora Toma Syed Ajna Ayleen Jeannette Jeremy Francesca Maria Selina Anna Issac Aaron Carolina Winnie Santiago Ana Belen Xhina Linda Lorenz James Mengya Bakhnak Bunin Cha Chan Dobrowolski Elkholy Gelb Ho Hom Hristova Islam Karamanolev Mahmud Mendes Leite Nazario Neto Sze Tiliakos Villa Solis Yasin Zhong Andon Barnes Cabrera Cheng Gomez Flor Gomez Flor Goxheri Li Lina Wong Xu Political Science Economics Marketing Business and Finance Music Management Accounting Sustainable Development Public Affairs Entrepreneurship Business and Finance Business and Finance Finance Accounting Business and Finance International Business Corporate Communications Finance Anthropology Journalism Corporate Communications Marketing Accounting Finance Accounting Jun-15 Jun-14 Jun-14 Jun-14 Jun-14 May-14 Jun-16 Jun-15 Jun-16 Jun-16 Jun-14 Jun-16 Jun-15 Dec-14 Jun-16 Jun-16 Jun-14 Jun-16 Dec-14 Jun-15 Jun-15 Mar-14 May-15 Jun-15 May-17 May-15 May-15 Jun-14 Jun-15 Jun-16 Jun-16 Jun-14 Ukraine Singapore Hong Kong China Greece Brazil India Uganda China Mauritius Bahrain Bahrain Brazil Portugal Brazil Brazil Vietnam India India Bahrain Kuala Lumpur Brazil China Brazil South Korea South Korea South Korea South Korea China Brazil Romania China Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Summer 2013 Wintersession 2013 Wintersession 2013 Wintersession 2013 Wintersession 2013 Wintersession 2013 Wintersession 2013 Wintersession 2013 Wintersession 2013 Wintersession 2013 Wintersession 2013 Wintersession 2013 Accounting International Business Finance International Marketing Finance Business Administration Accounting Program AIESEC AIESEC Financiers Without Borders AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC CLIP Onward Isreal AIESEC UN World Bank AIESEC AIESEC Weissman Center AIESEC Financiers Without Borders Trekksoft Ltd. Financiers Without Borders AIESEC AIESEC Financiers Without Borders AIESEC US State Dept Colin Powell Runner Up AIESEC Self Spark AIESEC Weissman Center AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC Kredit Microfinance Institution AIESEC AIESEC AIESEC AIESEC AIESEC Cross Continental AIESEC Financiers Without Borders Financiers Without Borders Financiers Without Borders Financiers Without Borders AIESEC AIESEC AIESEC Wuhan Hui Hua San Nong Seed Industry Limited Company Travel Grant Country Destinations Summer 2013-Spring 2014 Country Argentina Bahrain Barbados Brazil Burkina Faso China Number of Internships 1 5 4 12 1 7 Number of Internships Country Greece Hong Kong India Israel Italy Kuala Lumpur 1 1 3 1 2 1 Country Mauritius Romania Portugal Russia Singapore South Korea Number of Internships 1 1 2 1 1 4 Country Switzerland Taiwan Turkey Uganda Ukraine Vietnam Number of Internships 1 1 1 1 3 1 21 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY International Internships The Starr Foundation Helps Students with Travel Grants for Internships Abroad International Travel Grant Recipients Summer 2014-Spring 2015 First Name Last Name Sean Sena Gloria Karina Emily Julia-Zoe Harmony Nora Thalia Vanessa Amanda Rishika Michele Gabriel Igor Juliette Kayyan Daniel Tina Geeta Monica Doris Stella Winnie Shan Zhi Connie Shareen Timothy Frank Alisa Bridget Ka Hei Dorothy Chigozie Luke Katia Aleksandr Elizabeth Kenny Samantha Joseph Jezrel Tracy Despina Jason Major Lohan Huang Trinh Kiszniewska Macchia Hung To Hristova Berrospi Pereira Siegel Singh Korkhov Rodriguez Ukolov Vasilyev Lee Li Bhatia Kumar Ballinas Goldych Kong Lau Lin Chen Huang Singh Osiecki Chen Babikova McGloine Hui Udogwu Chang Gonzalez Yeranosyan Dash Mai Yeung Vanek Jr. Sabaduquia Shu Leontiadis Wu Grad Date Accounting Accounting Accounting Finance Public Affairs Accounting Undeclared Finance Finance International Business Finance Marketing Finance Finance Finance MBA Marketing Marketing Accounting HR Management Economics CIS Undeclared Finance Mathematics Finance Finance Arts Administration Marketing Marketing Operations Management Marketing Finance Finance Corporate Communications Music Management Music Finance Accountancy Finance Digital Marketing Marketing Marketing Multimedia Communications Marketing Real Estate Investment May-17 May-16 May-16 May-15 May-16 May-17 May-17 May-16 May-15 Dec-14 May-16 May-16 May-15 May-16 May-16 May-17 May-16 Dec-16 May-16 May-15 May-17 May-16 May-17 May-15 May-15 Dec-14 May-16 Dec-15 Dec-15 May-16 May-16 Dec-14 Dec-14 May-14 May-14 Dec-14 May-15 May-17 2016 2016 May-18 May-18 May-16 May-17 2016 Country Mauritius Argentina Argentina Hungary Argentina Peru Philippines Bahrain Hungary Hungary Hungary Norway Hungary China Mauritius South Africa Estonia Estonia Hungary Spain Spain Hungary Poland Taiwan China China Taiwan Portugal China Spain China India China Costa Rica Taiwan Brazil Argentina Taiwan Brazil Brazil Brazil Brazil Brazil Brazil China Travel Grant Country Destinations Summer 2014-Spring 2015 Country Argentina Bahrain Brazil China Costa Rica Estonia Number of Internships 4 1 7 7 1 2 Country Hungary India Mauritius Norway Peru Philippines Number of Internships 7 1 2 1 1 1 Country Poland Portugal South Africa Spain Taiwan 22 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Number of Internships 1 1 1 3 4 Semester Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Summer 2014 Winter 2015 Winter 2015 Winter 2015 Winter 2015 Winter 2015 Winter 2015 Winter 2015 Winter 2015 Winter 2015 Program AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC Emzingo AIESEC AIESEC AIESEC GoEco GoEco AIESEC AIESEC AIESEC WCIB WCIB AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC self-organized AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC AIESEC International Internships What students are saying about Work Abroad Elizabeth Dash (BBA Accounting 2017) Taiwan, Winter 2015 Luke Chang (BA, Management of Musical Enterprises, expected 2015) Luke Chang chose to intern at Overseas Radio and Television Inc., a print and digital media company in Taiwan. “I worked in the music department, which was responsible for composing and recording all of the music needed for the television station. They produced a show called Studio Classroom, which taught English. The people I worked with were extremely helpful and friendly. It was an amazing work environment and I learned so much about music production and sound engineering during my time there.” Tracy Shu (BA, Media Communications, expected 2016) Tracy Shu said of her experience in Brazil, "My volunteer-abroad experience expanded my way of thinking from interacting with different people and learning how to be comfortable in an unfamiliar environment. I also no longer view situations in a one-dimensional setting. Instead, I try to look at situations from various perspectives." 23 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY International Internships Juliette Vasilyev (MBA, International Business, 2014) Juliette Vasilyev went to Johannesburg, South Africa as a NextGen Fellow with the Emzingo Group. "The experience has opened my eyes to the world around me and made me want to expand my future plans from strictly within the U.S to a global scale." Sharing Photos of their Work Abroad Experience 24 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY International Internships Opportunities to Experience the Entrepreneurial Spirit of the Global Marketplace Launched in summer 2012, the Baruch Entrepreneurial Intern Fellowship Program is administered jointly by the Weissman Center for International Business and the Lawrence N. Field Center for Entrepreneurship and is supported by a generous grant from Baruch alumnus Ronald Heller (’67). The program, which focuses on the entrepreneurial spirit of the ever-growing global marketplace, provides stipends to undergraduate students at Baruch who are completing an unpaid internship at a start-up. The program also offers supplemental activities, including group meetings, where the students provide insights and feedback about their companies and the obstacles they face in order to enhance the learning outcome of the internship. Forty undergraduate students were Fellowship recipients during this reporting period. Fall 2014 Fellowship Participants Spring 2015 Fellowship Participants Baruch Entrepreneurial Intern Fellowship Program First Name Last Name Major Company Internship Position Semester Jarlyne Shaya Michael Gregory Sung Chea Batista Chabot Grasberg Heath Jung BBA-Entrepreneurial Management BBA-Entrepreneurial Management BA-Actuarial Science and Psychology BBA-Finance BBA-Entrepreneurial Management HeyKiki Miner App Outside the Numbers Green Crest Capital Management Mimoona Esther Wilmar Patrick Dwight Wen Bo Narciso Eden Sylwia Mahatma Aleksandr Melvin BBA-Entrepreneurial Management BBA-Finance BBA-Entrepreneurial Management BBA-Entrepreneurial Management BBA-Finance BBA-Computer Information Systems BBA-Finance BBA-Entrepreneurship BBA-International Business BA-Journalism BBA-Accountancy (5-year) New York Gets Wed Creator Up Serviceful, LLC Entrepreneurs Roundtable Accelerator MyLicenseBuddy Marketers Anonymous Learning Management Systems, Inc. SoTechie Spaces BlitzGift Brooklyn Brew Shop Exambler Mohamed Yvonne Lykes Ng Nogacz Peters Xie Correa Goring Januszko Paul Smechov Cheong Tjen-Tung Hassan Lo BBA-Graphic Communications BA-Corporate Communications Pulse Advisory AlleyNYC Olena Verga BBA-International Marketing Fresh Digital Group Fuer Victoria Zou Catanzaro BBA-Marketing Management BBA-International Business Sell It Now NY Red Rock Outdoor Jiamei Evyatar Joshua Robert Joeleen Levy Svetlana Alexander Anna Chen Cohen Hirth Karson Moy Rozman Vileshina Wieckowski Zhong Georgie and Elaine, LLC Harel Consulting MyCheck ALLPaws.com RiteTag AlleyNYC Flaca Jewerly Hosh Kids Fund My Fashion Summer Summer Summer Summer Summer Summer Summer Summer Summer 2014 2014 2014 2014 2014 2014 2014 2014 2014 Carmen Shaniece Courtney Samiru Jose Bibi-Nazia Freddy Alexander Ghislain Linda Cedeno Cole Crooks Mutawakil Ramirez Azeez Cicchetti Friend Ligan Savinova BBA-Marketing Management BA-Mathematics BBA-Undecided BBA-Entrepreneurship BBA-Undecided BBA-Statistics/Quantitative Modeling BBA-Computer Information Systems BBA-Marketing Management BBA-Marketing Management (Advertising/Marketing) BA-Corporate Communications BBA-Entrepreneurship BBA-I/O Psychology BBA-Finance BBA-Finance BBA-Finance BA-Journalism BBA-Digital Marketing BBA-Finance BA-Corporate Communications General Intern General Intern Statistical Analysis Intern Equity Research Intern Crowd Funding Platform Provider Executive Intern Marketing Intern Research/Development Intern General/Rotating Intern Business Development Intern Intern (Brand Manager) Sales Analyst Assistant General Intern Marketing Intern General Intern Campus and Social Media Intern Graphic Designer Social Media/ Email Marketing Intern Mobile Account/ Project Management Intern Luxury E-Commerce Retail Store Business Development Intern, Home Advertising Graphic Design/Art Intern Pharmaceutical Consulting Intern-Campus Ambassador General Intern PR/Marketing Intern Finance Tactician Social Media Intern Marketing Intern Social Media Intern Dream It. Code It. Win It. “Penalty Entertainment, LLC Mentor Our Kids Ruby’s Naturals, Inc. All My Time List Financial Buzz Media Networks Care Logistics, LLC The Plunge College CFO, LLC SHIELDtech, Inc. Marketing Intern/Volunteer Marketing Intern General Intern General Intern Viral Marketing Assistant Financial Content Analyst Intern Social Media Strategist Marketing Intern Marketing Intern Marketing Intern Fall Fall Fall Fall Fall Spring Spring Spring Spring Spring 2014 2014 2014 2014 2014 2015 2015 2015 2015 2015 Summer Summer Summer Summer Summer 2013 2013 2013 2013 2013 Summer Summer Summer Summer Summer Fall Fall Fall Fall Fall Spring 2013 2013 2013 2013 2013 2013 2013 2013 2013 2013 2014 Spring 2014 Spring 2014 Spring 2014 Spring 2014 Summer 2014 25 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY International Internships Colin Powell Undergraduate Fellowship in International Diplomacy The Center continued to provide administrative and financial support for the Colin Powell Undergraduate Fellowship in International Diplomacy. The program, in its twelfth year, places Baruch undergraduate students for 8- to 10-week unpaid internships with the U.S. Department of State in Washington D.C. or at the U.S. Mission to the United Nations in New York City or an embassy overseas. A generous stipend of $3,000-$4,000 is offered to cover living expenses. Where Are They Now? Andreea Ursu, a Fellow in the summer of 2004, is now a Foreign Service officer with the U.S. Department of State. She is currently posted in Sao Paolo, Brazil. Prior to joining the State Department, Andreea received a master’s degree from the Fletcher School of Law and Diplomacy, Tufts University. Andreea was the recipient of a Rangel Fellowship at Fletcher. She graduated with a BA in During the reporting period the following students received Fellowships: business communications from Baruch College. Ariel Kirnshpun was also a Fellow in the summer of 2004. Konstantin Dukhovnyy Weissman School of Arts and Sciences with a major in political science and a minor in psychology He is now a Senior Manager at EY specializing in the pricing and structuring of intercompany transactions. He graduated with a BBA in accounting and a minor in economics and finance from Baruch College. Farhana Hassan School of Public Affairs with a minor in communications studies Igor Norinsky was a Fellow during the summer of 2005. After graduation from Baruch, he attended the University of Pennsylvania Law School and is now an attorney at Isaac Ortiz Weissman School of Arts and Sciences with a major in political science and a minor in economics Vinson and Elkins in Houston, Texas. He graduated with a double major in English and political science from Baruch College. In Focus Zoie Blackwood was a Fellow during the summer of 2010. Colin Powell After graduation she worked for Credit Suisse in the Office of Diversity and Inclusion and now serves as a Specialist in Global Learning and Development at McGraw Hill Colin Powell (born April 5, 1937, New York, New York, USA), Financial. She graduated with a BA in political science and U.S. general and statesman. He was chairman of the Joint a minor in sociology from Baruch College. Chiefs of Staff (1989–93) and secretary of state (2001–05). The Colin Powell Fellowship is a joint program of the Weissman School of Arts and Sciences and the Weissman Center for International Business. 26 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Global Student Certificate Program Preparing Undergraduate Students for the Challenges and Opportunities of Leadership in the 21st Century The Global Student Certificate, sponsored by Santander Universities, is an interdisciplinary, co-curricular program that strives to enhance student knowledge of intercultural business theory, international economics, and international relations. This co-curricular program is designed to provide high-achieving students with access to programming that would otherwise not be available to them, and by so doing contribute to and complement their academic success. The GSC accepted 37 students in the 2013-2014 academic year and 42 students the following year. The GSC has a private tour of the United Nations buildings each year, and in 2014-2015 the largest number of students ever attended (19). Students consistently rate this activity as one of their favorite and most educational events of the program. According to final program evaluations, the newest seminar in the Global Governance series, which is co-sponsored by the political science department and the Baruch Model United Nations Club, was a welcome addition to the lineup. The seminar, "Understanding the IMF," featured Professor Kang from Baruch’s political science department. Students particularly appreciated the quality of the speaker and the knowledge in an area that few of them had any experience with. Learning to Lead with a Global Mindset . Intercultural awareness . Effective communication . Networking . Multicultural team building . Problem solving . Public speaking What Students Are Saying About the GSC Program The following quotes are taken from an anonymous post-program survey of student participants: “I felt that the GSC was very worthwhile because it provides a unique college experience outside the classroom. I learned much more about other cultures and made friends from all over the world.” Program support for the Global Student Certificate is provided by Santander Universities. Funding was renewed in 2014. This student rated the GSC as ‘an irreplaceable experience’: “I met a lot of great people, learned about cultures that Visit to the United Nations I have never been interested in before (for example, I’m pretty familiar with different European countries but I didn’t know much about Asian cultures). Also I visited amazing events that I would probably never have thought of myself, like the Indonesian Dance performance.” “I felt the Multicultural Team Building seminar was most relevant not only because it was the first seminar but because I understood how much the GSC program has to offer us students.” 27 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Global Student Certificate Program A Chance to Explore New York and Learn About Our Global City Featured Global Student Certificate Award Recipients Academic Year 2014-2015 Award: Most Outstanding Student Karina Fomicheva (BA Graphic Communication, expected May 2016) Awarded to Karina Fomicheva, for her consistent effort to improve her skills and knowledge throughout the year. Karina displayed leadership through her actions and through her positive attitude. Award: Best Writing Brian Berman (BBA International Business, Zicklin Honors, expected Dec 2015) “I [had] thought team-building was solely about reaching a common 28 goal. However, when we began Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY with the first exercise of overstepping our personal space comfort zones, I started to realize that there’s much more humanity involved in communications and team-building,” he wrote in one of his reflection papers. Award: Best Individual Presentation Anastasiya Hurynovich-Howell (BBA Finance, expected May 2016) GSC 5-Year Participation 28 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Awarded for her confidence and persuasiveness, especially when speaking off script. Global Student Certificate Program Global Student Certificate Participants Attended the Following Events KEY: Career Skills Global Lecture Cultural Event Required Event Global Governance Series "The Global Student Certificate program helps students Academic Year 2014-2015 Name Of Event Organization Eighth Annual Indian Arts Festival Tari Aceh Dance Translation Slam Sakura Matsuri Networking Tips from Andrea Nierenberg Mitsui Lunchtime Forum: Barry Schwartz Mitsui Lunchtime Forum: Richard Larrabee India’s Daughter (documentary film) Intro to Tibetan Meditation Columbia University Conference on Global Energy Brazil: Economic Perspectives for 2015 Marketing Resume Workshop Networking for Women Professional Essentials Workshop BPAC Asia Society PEN Festival Brooklyn Botanical Garden WCIB WCIB WCIB BPAC Tibet House SIPA SIPA Starr CDC Starr CDC NBC Universal’s Internship program Asia Society SIPA French Institute Alliance Française Baruch College FPA GSC GSC GSC GSC GSC GSC GSC GSC Buddhist Art of Myanmar Development Issues Facing Myanmar/ Burma Les Adieux a la reine (film) Kofi Annan’s Lecure on World Disorder U.S Canada Relationship and Keystone Pipeline XL Project GSC Orientation Multicultural Team Building Understanding the IMF What Is Globalization? Intercultural Awareness Globalization Seminar Understanding the EU Negotiation Academic Year 2013-2014 Name Of Event Organization Margaret Mead Film Festival Art Talk: Iran’s Art World: 1960s - 1970s Brazil in 2014: Economic and Political Prospects Film: Dead End Film: The Other Half of Tomorrow China-Korea-U.S Relations Japanese Martial Arts Lolita Fashion: Costume or Culture? Elizabeth French Hitchcock Lecture with Ian Bremmer Kyoto in Brooklyn: The Kyoto Screens in the Brooklyn Museum China’s High-Tech Surge: Investing in America and Innovation GSC Orientation Multicultural Team Building Understanding the EU What Is Globalization? Intercultural Awareness NGOs and the UN Global Governance: Intro to the UN Cross-Cultural Negotiation Networking Tips from Andrea Nierenberg AMNH Asia Society Americas Society Asia Society Asia Society Korea Society Japan Society Japan Society FPA Japan Society Asia Society GSC GSC GSC GSC GSC GSC GSC GSC WCIB develop the global competencies they will need to work effectively and efficiently in other countries and with people from other cultures." Dr. Terrence Martell, WCIB Director Global Student Certificate Award Recipients Best Writing 2014 Awardee 2015 Awardee Judy Chen Brian Berman Most Dedicated 2014 Awardee Laura Cheek 2015 Awardee Thathsara Palliyaguru Best Individual Presentation 2014 Awardee Armando Aguilar 2015 Awardee Anastasiya Hurynovich-Howell Best Group Presentation 2014 Awardee Japan 2015 Awardee Brazil Best Understanding of Program Goals 2014 Awardee Veriko Gagnashvili 2015 Awardee Kyaw Htoon Most Outstanding Student 2014 Awardee Orah Mansher 2015 Awardee Karina Fomicheva “...thegraduatesofthisprogramarethefaceofthe21stcentury…” Dr.TerrenceMartell,Director,WeissmanCenterforInternaƟonalBusiness Global Student Certificate The Global Student Certificate program at the Weissman Center for International Business will help you develop your intercultural and leadership skills, enhance your resume & become more confident in international situations. Eligibility Requirements x x x x x Sophomore, junior or senior Attending Baruch for 2014-15 3.0 GPA Interest in world affairs Any major or undeclared Contact Sarah Demetz, GSC Coordinator 137 E 25th St, 8th floor 646.312.2073 sarah.demetz@baruch.cuny.edu 2014-2015 Benefits Build cross-cultural communication skills Tour the UN and Federal Reserve Visit museums, galleries and other cultural institutions for free Learn effective writing & networking skills Practice multicultural teamwork x Gain an intercultural outlook x Meet like-minded Baruch students x Enhance your study abroad experience before you leave and after you return x x x x x Apply by September 26 for the 2014-15 program! www.baruch.cuny.edu/gsc The program is FREE to Baruch students via a grant from the Santander Universities College Project. 29 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Undergraduate International Business Major Combining Academic, Practitioner, and Experiential Learning Opportunities to Help Baruch Students Build Their Global Knowledge and Skills for Business The International Business major provides students with a comprehensive understanding of international business principles, expertise in a functional area (marketing or finance), and appreciation and awareness of foreign cultures. The major requires knowledge of a second language to conduct business in a foreign country and practical experience in an international environment. Professor Andreas Grein is the academic coordinator for the program. See In Focus on this page to learn more about Professor Grein. The 2016 cohort boasts the largest percentage ever of students who are completing their international experience by a semester studying abroad. Students have studied or interned in 15 countries in the last 3 years, and have advanced capability in 20 foreign languages. The varied backgrounds and skills of International Business major students continue to expand, and we are looking forward to working with our sixth graduating class in the fall. * * *estimated numbers for the years 2015, 2016 Overall Admitted Cohort (2012-2016): 233 Overall Completed Program (2012-2016): 184 30 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY In Focus Andreas Grein Andreas (Andy) Grein is Professor of Marketing and International Business at Baruch College, The City University of New York. Professor Grein is the academic coordinator of the International Business major. He has worked briefly in personnel recruitment and the pharmaceutical industry as well as extensively with graduate programs in the Zicklin School of Business. He received his MIB (Master of International Business) from the University of South Carolina and his PhD from New York University. His research interests cover marketing strategies in the automobile industry, international advertising, the changing patterns of national competitiveness, and ethics in international marketing. He has published in journals such as the Journal of International Business Studies, the Journal of International Marketing, the Journal of Macromarketing and the Journal of Current Issues and Research in Advertising. He received the Baruch College Presidential Award for Distinguished Teaching in 2008 as well as teaching awards from the Zicklin School of Business and NYU. He feels very fortunate to have had the opportunity to teach overseas in Austria, France, Hong Kong, Singapore, and Taiwan. Besides English, he speaks German as well as some French. Undergraduate International Business Major A Snapshot of Students in the International Business Major: How many, what are their academic concentrations and what type of international experiences are they pursuing? Admission Admitted Fall 2013 2013 cohort 2014 cohort 2015 cohort 0 0 32 1 24 Admitted Spring 2014 2016 cohort Admitted Fall 2014 3 28 Admitted Spring 2015 2 24 61 52 Total Functional Minor 2013 cohort 2014 cohort 2015 cohort Finance Minors 16 14 25 Marketing Minors 15 22 19 2013 cohort 2014 cohort 2015 cohort Semester Abroad 10 18 25 Short Term Abroad 13 2 6 Internship Abroad 0 0 0 Global Student Certificate Program 10 14 18 Academic Work 0 3 9 Other 0 0 2 International Experience International Experience Destinations 2013 Austria 2 2 X Brazil 1 X X Canada X X 1 China 5 3 8 Denmark X 4 2 Ecuador X X 1 France 2 4 9 Germany 2 X 4 Italy X X 1 Japan 6 1 1 Korea 1 X 2 Russia 1 X X 2014 2015 Spain 2 4 2 Sweden X 1 X Turkey 1 X X 31 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Undergraduate International Business Major Capstone Practicum Connects Undergraduate Students to Companies and Real-world Business Challenges In Focus Rajeev J. Sawant Rajeev J. Sawant is an Assistant Professor of International Business at Baruch College. His research interests are focused on emerging market firms, political risks, and infrastructure industries. His research has been published in the Academy of Management Review, Journal of International Business Studies, and the Journal of Structured Finance. He is the author of the book Infrastructure Investing: Managing Risks and Rewards for Pensions, Insurance Companies and Endowments, which presents comprehensive data analysis on infrastructure cases worldwide and analyzes the opportunities as well as the pitfalls of infrastructure investing for institutional investors. Rajeev has extensive experience in emerging markets, having served as the Aidede-Camp to the President of India and worked with state government officials in India’s remote northeastern state of Tripura, which borders Bangladesh and Burma, helping to improve infrastructure services. Rajeev received a master's degree and PhD from The Fletcher School, Tufts University. He is the recipient of the prestigious Inlaks Foundation scholarship. As part of their capstone class, the International Busines students work on a real-life case applying their theoretical learning to help a local company go global. This ‘live case’ method of teaching has provided practical help to real companies: Spring 2014 Spring 2015 1. 2. 3. 4. 5. 1. 2. 3. 4. 5. 6. Barbizon Electric Bio-Sense Medical Devices LLC Dreyfus Global Trade, LLC IntroAmerica Inc. International Education Advantage, LLC Barbizon Electric Nios Group Superus LLC Beauty Solutions Ltd. Nutraceutical Wellness LLC. Bahia Style The practicum course was developed by Professor Rajeev Sawant. For more information about Professor Sawant see the In Focus biography on this page. Professor Sawant works with the Weissman Center and the U.S. Export Assistance Center/International Trade Administration in New York to identify companies to participate. The Weissman Center is a member of the New York District Export Council and designated by the U.S. Department of Commerce as a national partner organization. One of the IB practicum teams at World Trade Week NYC 2015 “Dear Professor Sawant: It was a great pleasure to receive this presentation from your class yesterday and also meet with the seven students that participated on this particular project. The students that worked on this project reflect very positively on both Baruch College and yourself and I can sincerely say that their results fully met our expectations. I do plan to assign a person from our staff to begin working and utilizing this information.” --Jerry Rauchwerger (Baruch MBA), President, Beauty Solutions 32 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Mitsui USA Lunchtime Forum Series Business Executives Share Their International Experience The Mitsui USA Lunch-Time Forum series continues to serve as the Center’s flagship program to bring together students, faculty, and alumni who are interested in international business. The forums allow participants to share a rewarding experience that promotes both learning and networking. 2014 – 2015 Organizational Transformation Linda Sanford, former Senior Vice President of Enterprise Transformation for IBM Managing the Largest Port of the U.S. East Coast Richard M. Larrabee, Director of the Port Commerce Department, The Port Authority of New York and New Jersey Current Landscape in the Investment Management Business: Implications for Careers and Investments Hugh R. Lamle, President of M.D. Sass Investors Services, Inc. Envisioning the Future Robert Aquilina, Executive Vice President Global Initiatives, Estée Lauder Companies The Business of Owning Businesses—Private and Public Barry F. Schwartz, Executive Vice Chairman, MacAndrews and Forbes Holdings Inc. Dr. Martell, Director of the Weissman Center for International Business and Linda Sanford, former Senior Vice President of Enterprise Transformation for IBM Managing the World’s Largest Asset Manager Robert Kapito, President and Director of BlackRock, Inc. 2013 - 2014 Managing a Large Financial Consulting Firm: Challenges and Opportunities Ismail Amla, CEO, Capco North America Making an Acquisition Work: The NYSE’s Integration into the Intercontinental Exchange: The view from the inside Thomas Farley, COO, New York Stock Exchange Sustaining the American Advantage Senator Judd Gregg, Former Governor and U.S. Senator from New Hampshire Natural Gas: A Tale of Two Regions Ronald J. Tanski, President and CEO, National Fuel Gas Managing the Risk of a Large Sovereign Wealth Fund William Martin, Chief Risk Officer, Abu Dhabi Investment Authority The Path from Audit Partner to CFO Gina Wilson, Executive Vice President and Chief Financial Officer at TIAA-CREF 33 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY International Business Faculty Research Supporting Research on Multinational Companies and Trends in Global Trade and Investment Flows One of WCIB’s goals is to support engaged, real-world faculty research that will influence global business decisions and shape evolving financial markets. Toward that end, the Center supported and coordinated the following major researchoriented projects during this reporting period: • The CSR-Sustainability Monitor® • The Baruch International Business Faculty Seminar Series • Baruch-SWUFE Accounting and Research Consortium In addition, the Center provided individual grants to faculty in the Zicklin School of Business in support of faculty research and development, with a particular focus on international business. During the FY 2011-2015 period, the Center provided 59 development grants to faculty in the Zicklin School of Business to help defray the cost of conference participation, particularly international conferences. The Mitsui USA Foundation Provides Funding for Development of Innovative Global Teaching at Baruch Through its Practitioners-in-Academia (PIA) program, the Mitsui USA Foundation provides support to adjunct faculty teaching international business courses. During the reporting period the PIA grants accomplished a lot to support the development of innovative curricula. The program sponsored a multi-year project on teaching and research collaboration in the area of supply chain management and logistics with Copenhagen Business School (CBS). Robert Imbriani, an adjunct professor in the Allen G. Aaronson Department of Marketing and International Business, used Adobe Connect to deliver a live online lecture to students of logistics at CBS. In addition, Professor Ajay Das, in the Narendra Paul Loomba Department of Management, visited CBS and attended a research seminar focused on supply chain issues. He discussed curriculum integration with his colleagues at CBS in the area of logistics more broadly to help facilitate student exchange between the two institutions. We have invited a member of the CBS faculty to guest lecture in Bob Imbriani's class in Spring 2016. Our goal is to expand this type of collaboration to other exchange partners. CSR-Sustainability Monitor® The Center launched the CSR-Sustainability Monitor project under the leadership of University Distinguished Professor Prakash Sethi. For more information about Professsor Sethi see the In Focus piece on the next page. The project measures the scope and quality of information provided by the largest companies around the world in their corporate social responsibility reports. The idea is to bring transparency, quality of information, and assurance to the CSR reporting process. During the reporting period two reports were issued ranking the quality of CSR reports issued. A third year of CSR reports is currently being scored with findings expected to be released in the spring of 2016. A website was launched in the fall of 2014 that provides open access for anyone with an Internet connection to data about each company. Company results can be compared across industries and regions as well as to a user-selected group of companies. The CSR-Sustainability Monitor® is gaining traction. The 2014 edition of the Monitor received an honorable mention in the 2015 PR News CSR Awards competition in March 2015. (See sidebar next page.) The findings were featured in a number of CSR related publications. In July, Institutional Investor magazine featured a story on the Monitor in its online edition. Two academic papers co-authored by Dr. Prakash Sethi, Dr. Terrence Martell, and Mert Demir have been accepted for publication by the Journal of Business Ethics, the top CSR academic journal. It is one of the 45 academic journals that the Financial Times includes in its research rankings. Three more academic papers are in various degrees of review. Two industry reports (mining and oil and gas, and finance and insurance) have been released and received interest from media that cover CSR issues. 34 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY s t aR i nE a bSi lEi tA y R MC o nHi t o r ® FA C SURL- STuY As featured in Institutional Investor Magazine CSR Reporting Is on the Rise, and So Is Its Impact “A new working paper from two finance experts at Baruch College's Zicklin School of Business in New York adds to the good news. The researchers have found that firms operating in environmentally and socially sensitive industries such as oil and gas extraction, mining, and weapons production enjoy significantly higher stock market valuations when they issue comprehensive CSR reports.” July 2015 In Focus PR News’ CSR Award Winners Celebrated in Nation’s Capital PR News gave center stage to the winners and honorable mentions of its 2015 CSR Awards at a standingroom-only luncheon at the National Press Club in Washington, D.C., on March 12, 2015. The event honored brands and agencies that made notable strides and demonstrated an understanding of the power of corporate social responsibility, the smartest CSR communications initiatives, and the people behind them. The CSR-Sustainability Monitor was developed under the leadership of Professor Prakash Sustainability/CSR Report Winner: Medtronic Inc. - 2014 Integrated Performance Report Sethi. Dr. Sethi is University Distinguished Professor, Professor of Management at the Honorable Mentions: Zicklin School of Business, Baruch College, The City University of New York. Prior to • AECOM - Managing complexity, building better lives. Dr. Prakash Sethi joining Baruch College in 1982, he taught at the University of California – Berkekey, University, India, and MBA and PhD degrees from Columbia University. • Burson-Marsteller - Hormel Foods 2013 Corporate Responsibility Report Launch Dr. Sethi was the recipient of the “Beyond the Grey Pinstripes 2003 Faculty Pioneer • The Coca-Cola Company Sustainability Report - 2013/2014 and University of Texas – Dallas. He holds a master’s degree in economics from Delhi Award for External Impact” given by The Aspen Institute and Society Program and World Resources Institute. • CVS Health - 2013 Interactive CSR Report • McDonald's Corporation - Our Journey Together Dr. Sethi enjoys international recognition as a pre-eminent researcher and scholar in the areas of international business strategy, corporate social responsibility, and issues of sustainable development and environmental protection. He has done pioneering work in creating and implementing international corporate codes of conduct and global supply-chain management. Dr. Sethi has published extensively. One of his most widely acclaimed books is Setting Global Standards: Guidelines for Creating Codes of Conduct in Multinational Corporations (New York: John Wiley and Sons, Inc., 2003). • Merck and Co., Inc. - Merck Responsibility 2013 • MetLife - MetLife Corp Responsibility Report: Global Impact • Novelis - Adding More Aluminum, Creating Value • Safeway with Waggener Edstrom Communications - The Heart of Safeway • Weissman Center for International Business, Baruch College - The 2014 Edition of The CSR-S Monitor 35 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY WCIB Faculty Seminar Series FA C U L T Y R E S E A R C H Scholars from Different Academic Disciplines Share their International Business Research The Weissman Center’s International Business Faculty Seminar series is designed to enhance international business research at Baruch College. The series draws prominent academics from around the world, who provide a multidisciplinary perspective on various aspects of international business activity in the twenty-first century. Speakers 2014-2015 Peter Williamson, University of Cambridge Dragons at Your Door: The evolving competitive advantages of Chinese multinationals Adam Kleinbaum, Tuck School of Business, Dartmouth College How Change in Formal Structure Triggers Network Dissolution Raymond Mataloni, Bureau of Economic Analysis, U.S. Department of Commerce The Determinants of Headquarters Services Provided to Foreign Affiliates of U.S. Multinationals In Focus Lilach Nachum Dan Wang, Columbia Business School On Returnee Expatriates Lilach Nachum coordinates the WCIB Lilach Nachum, Baruch College, Zicklin School of Business CSR and the Multinational Enterprise speakers and papers to be presented Faculty Seminar series, identifying Susan Mudambi, Fox School of Business, Temple University Studying the Stars: Online Reviews Across Language and Country Borders each semester. Dr. Nachum is a Rajeev Sawant, Baruch College, Zicklin School of Business Political Capital and the Internationalization of Russian MNEs: What type of capital matters? of Marketing and International Shulamith T. Gross, Baruch College Choosing Statistical Models for Best Predictive Ability – A review of current work Nobuya Haraguchi, UNIDO Patterns of Manufacturing Development Batia M. Wiesenfeld, Stern School of Business, New York University Seeing the Forest for the Trees: Mobile Technology and Knowledge Workers’ Role Integration Behavior Lynn Pyun, Baruch College, Zicklin School of Business Does the Female Managerial Effect on Company Performance Outlast the “Male Counterhypothesis?” professor in the Aaronson Department Business, where she teaches and conducts research on multinational corporations and international competition, particularly as it affects companies in knowledge-intensive, professional services industries. Professor Nachum is also the coordinator of the WCIB 2013-2014 Working Paper Series, Catherine Mann, Brandeis University Information Lost (Apologies to Milton) another Center Lourdes Casanova, Cornell University Resources and Internationalization Strategies: The Case of Latin American MNEs enhance international Sjoerd Beugelsdijk, University of Groningen, the Netherlands Are Hofstede’s Culture Dimensions Stable over Time? A Generational Cohort Analysis Andrew Karolyi, Cornell University Regulatory Arbitrage David Collis, Harvard Business School MNE Headquarters Gurneeta Singh, University of Minnesota Institutional Logistics and Knowledge Integration Rosalie Liccardo Pacula, RAND Corporation An Alternative Framework for Empirically Measuring the Size of Counterfeit Markets 36 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY initiative designed to business research at Baruch College. Baruch-SWUFE Accounting and Management Joint Research Consortium Teaching and Research Collaboration with Southwestern University of Finance and Economics in China In Focus Learn More About Southwestern University of Finance and Economics Located in Chengdu, China Baruch’s President Mitchel Wallerstein spoke at the opening ceremony of an international festival at the Southwestern University of Finance and Economics in Chengdu, China. As part of the celebration of international students organized by SWUFE for its 90th anniversary, the president highlighted the importance of student exchange and the SWUFE relationship to Baruch. The Weissman Center has been instrumental in the establishment and coordination of the BaruchSWUFE Accounting and Management Joint Research Consortium. Launched in Fall 2009 to facilitate accounting research and learning between the Zicklin School of Business and the School of Accounting at Southwestern University of Finance and Economics (SWUFE) in Chengdu, China, the consortium promotes faculty exchanges between the two universities as well as exchanges of PhD students and undergraduates. The consortium also convenes an annual conference (alternating between Chengdu and New York) at which research sponsored by the consortium is presented. The Fifth Annual Research Conference was held in China in June 2014 and was jointly sponsored by Xiamen National Accounting Institute; the School of Management, Xiamen University; Southwestern University of Finance and Economics; and Baruch College. The Center provided financial support to Baruch faculty traveling to China to participate in the conference. You can explore the 2014 conference agenda on the following page. SWUFE Students Undergraduate students Graduate and professional students Total Of these, international students 16,000+ 8,000+ 24,000+ 600+ Ranking SWUFE is ranked Top 3 in Finance/Business-oriented universities in China 37 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Baruch-SWUFE Accounting and Management Joint Research Consortium Baruch/SWUFE Joint Research Conference 2014 -- A Chance for Faculty to Meet and Exchange Ideas Jointly sponsored by Xiamen National Accounting Institute School of Management, Xiamen University Southwestern University of Finance and Economics Baruch College, the City University of New York Four Schools Joint Conference June 30 – July 1, 2014 Xiamen National Accounting Institute/Xiamen University 会议地点:厦⻔门国家会计学院/厦⻔门⼤⼤学 Day 1 (Room 207, Teaching Building, Xiamen National Accounting Institute) Monday, June 30, 2014 8:30 am – 8:45 am Opening Remark Prof Liu Feng,School of Management, Xiamen University 15:20 pm – 15:40 pm Coffee Break (茶歇) 15:40 pm –16:20 pm Should We Prohibit the Long-Lived Assets Impairment Reversals: Further Evidence from China? Speaker: Wei Jian, Xiamen National Accounting Institute Discussant: Hagit Levy, Baruch College-CUNY 8:45 am – 9:45 am Accounting for Contingent Liabilities: What you disclose can be used against you. Invited Speaker: Linda Allen 16:20 pm – 17:00 pm Be Early or Late? Earnings Announcement Strategy around Political Event Speaker: Jing Zhao, Sun Yat-sen University Discussant: Masako Darrough, Baruch College-CUNY 9:45 am – 10:00 am Coffee Break (茶歇) 17:15 pm –18:00 pm Campus tour, Xiamen National Accounting Institute 10:00 am –10:40 am Promotion Expectation and Pay Gap: Evidence from China SOEs Speaker: Danlu Bu, Southwestern University of Finance and Economics Discussant: Huang Rong, Baruch College-CUNY 18:00 pm –19:30 pm Seminar Dinner 10:40 am –11:20 am Title: Do Accounting Standards Matter for Firm Productivity? Evidence from Mandatory IFRS Adoption Speaker: Rong Huang, Baruch College-CUNY Discussant: Danlu Bu, Southwestern University of Finance and Economics Day 2 11:20 am –12:00 am Title: Valuing Technological Synergies in Mergers Speaker: Shi Li, Xiamen National Accounting Institute Discussant: Chen Zhao, Southwestern University of Finance and Economics/Rutgers Business School 12:00 pm – 14:00 pm Luncheon (学院餐厅A区) 14:00 pm –14:40 pm Buying Products and Services from Whom You Know Speaker: Hagit Levy, Baruch College Discussant: Wei Jian, Xiamen National Accounting Institute 14:40 pm –15:20 pm Title: Are Top Management Teams Compensated as Teams? Speaker: Chen Li,Baruch College Discussant: Junwei Peng, Southwestern University of Finance and Economics (Room 201, Qunxian Building 2, Xiamen University) Tuesday, July 1, 2014 8:45 am –9:30 am Invited speech (in Mandarin) Invited Speaker: Mr. Dongsheng Jiang, Journal of Management World Campus tour, Xiamen University for English speaking participants 9:30 am –10:10 am Market Reactions to Restatement and Material Weakness Disclosure: Evidence from Equity and Option Markets Speaker: Li He, Southwestern University of Finance and Economics/Rutgers Business School Discussant: Chaopeng Wu, Xiamen University 10:10 am –10:40 am Coffee Break (茶歇) 10:40 am –11:20 am Title: Do Public Firms have Greater Investment Efficiency? Evidence from China Speaker: Min Xiao, Xiamen University Discussant: Li Chen, Baruch College-CUNY 38 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY International Visiting Scholars Program Visiting Scholars Program Supports Academic Departments Across the Campus Family Name First Name Country of Origin Brown Lei Stephen Ying UK China Wang Wu Wu Li Wei Wei Yuxin Jianyou Xiqiu Zhibin Wei Wei China China China China China China Turunc Hao Peng Cheng Cheng Dai LI Wang Zhou Zhou Sumo Zhang Veiga Giannini Chang Omer Qianjin Yunyan Lin Weiyang Wen Ziyang Xue Hai Yu Regien Yiyao Andre Li Turkey China China China China China China China China China Netherlands (Iraq) China Brazil China Chen Gaosheng China Tang Songlian China Wu Xie Ye Ma Lee Tao Meng Xuan Feiyang Haiyan Sunnyoung Libin China China China China South Korea China Lu Feifei China Tong Pan China Zehe Song Cui Alexandra Jianbo Yangyang Germany China China Home Institution University of Exeter East China University of Science and Technology Tongji University n.a. n.a. Yangzhou University SWUFE Shanghai University of Finance and Economics Süleyman Demirel University Fudan University SWUFE n.a. n.a. Hubei University of Technology SWUFE SWUFE n.a. n.a. Eindhoven University of Technology Southeast University Universidade de Sao Paulo Dongbei University of Finance and Economics Central University of Finance and Economics East China University of Science and Technology SWUFE SWUFE SWUFE China University of Geosciences SKKU University of International Business and Economics Shanghai University of Finance and Economics BTBU-Beijing Technology and Business University Ludwig-Fröhler-Institut, Munich Renmin University of China Fudan University J-1 Visa Professor Baruch Host Department Program Program Begin Date End Date MGT 7/15/13 8/31/13 WCIB-SWUFE Consortium ACC n.a. n.a. ACC WCIB-SWUFE Consortium Real Estate 8/1/13 8/1/13 8/1/13 8/1/13 8/1/13 8/10/13 8/10/13 7/31/14 7/31/14 7/31/14 7/31/14 1/31/14 8/9/14 8/9/14 MGT Real Estate n.a. n.a. WCIB-SWUFE Consortium WCIB-SWUFE Consortium WCIB-SWUFE Consortium n.a. n.a. MGT PHI Natural Sciences WCIB-SWUFE Consortium 8/15/13 8/20/13 9/1/13 9/1/13 9/1/13 9/1/13 9/1/13 9/1/13 9/1/13 9/1/13 9/1/13 9/20/13 4/1/14 8/1/14 2/15/14 8/19/14 8/31/14 8/31/14 8/31/14 8/31/14 8/31/14 8/31/14 8/31/14 8/31/14 11/30/13 8/20/14 3/31/15 7/31/15 Research Scholar MGT 8/27/14 8/31/15 Research Scholar WCIB-SWUFE Consortium 9/1/14 8/31/15 Research Scholar Research Scholar Research Scholar Research Scholar Research Scholar Research Scholar WCIB-SWUFE Consortium WCIB-SWUFE Consortium WCIB-SWUFE Consortium WCIB-CSR-S Monitor Baruch-SKKU Consortium WCIB-FIN 9/1/14 8/31/15 9/1/14 8/31/15 9/1/14 8/31/15 9/15/14 9/14/15 10/1/14 6/30/15 11/20/14 11/19/15 Research Scholar WCIB-SWUFE Consortium 11/26/14 12/30/15 Research Scholar WCIB-SWUFE Consortium 2/1/15 5/31/15 Research Scholar Research Scholar Research Scholar MGT WCIB-SWUFE Consortium School of Public Affairs 3/16/15 4/1/15 1/15/15 5/31/15 9/30/15 1/14/16 Research Research n.a. n.a. Research Research Research Scholar Scholar Research Research Research Research Research Research Research Research n.a. n.a. Research Research Research Research Scholar Scholar Scholar Scholar Scholar Scholar Scholar Scholar Scholar Scholar Scholar Scholar Scholar Scholar Scholar International Visiting Scholars Program The Weissman Center for International Business provides administrative services for international scholars visiting any of Baruch’s three schools from abroad, including help with immigration issues. During the reporting period, the Center provided visa processing and advisement services for 35 international visiting scholars under the Exchange Visitor Program administered by the U.S. Department of State. 39 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Contributing to the E c o n o m i c L i f e o f N e w Yo r k C i t y Zicklin School and Capco Institute Partner to Bring Together Leading Scholars and Practitioners to Discuss the Future of the Financial Industry In 2012, the Weissman Center helped launch the inaugural annual conference of the Zicklin-Capco Institute Paper Series in Applied Finance. Hosted by the Capco Institute and the Zicklin School of Business, the conference, held at the Zicklin School, welcomed leading scholars and practitioners to discuss the current state, and future, of the financial sector and offer guidance for an increasingly complex and turbulent global market. A fourth conference is scheduled for October 2015. The collaboration between the Zicklin School and Capco, a global business and technology consultancy dedicated solely to the financial services industry, creates an avenue for Baruch and other faculty and industry leaders to engage in debate and discussion and share ideas on the state of the financial industry. “As financial markets will be faced with significant uncertainty for the foreseeable future, the Zicklin School of Business and Capco saw the need to offer true guidance and insight, rather than purely theoretical and academic solutions. The knowledge of the esteemed speakers and panelists participating in the conference will influence decisions made both today and far into the future.” —Dr. Terrence Martell, Saxe Distinguished Professor of Finance, Zicklin School of Business, and Director, Weissman Center for International Business “Our partnership with the Zicklin School offers an incredible opportunity to advance the passionate debate between academics, practitioners, and regulators and help solve the complex industry issues. This conference is only the beginning, and we look forward to working with the Zicklin School to develop ideas and actions that will ensure a sustainable financial industry for years to come.” —Ismail Amla, Capco CEO, North America Past Zicklin-Capco Conference Topics October 2012: The Financial Industry In The Post-Crisis World October 2013: What Does Industrialization Really Mean For Banking? October 2014: Banking Reimagined 40 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY I m p o r t - E x p o r t Tr a i n i n g Import – Export Training Program Serving the Business Community Learn locally and trade globally. The Center partners with Baruch College’s Division of Continuing and Professional Studies to offer a comprehensive training program on the nuts and bolts of international trade and supply chain management. We introduced seminars and offered continuing education units for qualified students. Enrollments in the import-export training program continue to grow steadily. Division of the World Trade Organization; the Honorable Judge Jane Restani, US Court of International Trade; the Honorable Judge Stephen Leach, Chairman of the Canadian International Trade Tribunal; and Myles Harmon, We were pleased to co-sponsor the World Customs Law Director of Commercial Trade Facilitation Division, United Meeting of the International Customs Law Academy, which States Customs and Border Protection, among others. took place on September 18 – 19, 2014 at the Court of Some of the instructors in Baruch's import-export training International Trade in New York City. The topic was “The program practice before the Court of International Trade Law of the World Trade Organization: Twenty Years after and this was a great opportunity for them to connect with Marrakesh: The Agreement on Trade Facilitation.” other practitioners and learn more about important legal Speakers included Valerie Hughes, Director of Legal Affairs developments at the WTO. 41 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY Wo r l d Tr a d e We e k WCIB Partners with New York's Business Community to Showcase the Importance of International Trade to the Local Economy Each year, in collaboration with the New York District Export Council, the Center hosts the NYC World Trade Week Awards Breakfast. The event, which is part of a national celebration of international trade, showcases the many small companies in the New York region that are successful in the global marketplace. In 2014 and 2015, Charles Ludmer, a partner with the accounting firm CohnReznick, and Richard Larrabee, the director of the Port Commerce, the Port Authority of NY and NJ, served as co-chairs for the event. The 10-year celebration in 2015 featured a sold-out audience for the awards breakfast, media attention, and 37 events throughout the region. The World Trade Week organization awarded scholarships to two Baruch undergraduate students studying international business. The Weissman Center for International Business Selected as a Strategic Partner Organization by the U.S. Department of Commerce The Strategic Partnerships program is designed to enhance promotion of U.S. exports in line with the President’s National Export Initiative (NEI), while simultaneously benefiting partner businesses and organizations by facilitating their ability to offer enhanced value-added services to their customers and members. The Weissman Center works with the Department of Commerce on a number of projects such as World Trade Week. The Weissman Center Invited to Join the Regional Economic Development Council’s Global NY Work Group As a follow-up to Governor Cuomo’s proposed 2014 Global NY Export Action Plan, the New York City, Mid-Hudson and Long Island REDCs convened a joint work group to discuss an implementation timeline. Weissman Center, deputy director Lene Skou, is part of the work group. WTW NYC Steering Committee Lucy Ambrosino The Port Authority of NY/NJ Carmela Mammas US Department of Commerce KL Fredericks US Department of Commerce Joseph E. Schoonmaker NY District Export Council, Chair Peter Bengston NY Public Library Charles Dugan NY District Export Council, Treasurer Barney Lehrer NY District Export Council, Webmaster Lene Skou WCIB, Baruch College, WTW NYC Chair Cynthia Duncan US Council for International Business Nancy Ploeger Manhattan Chamber Commerce Brian Wills NY/NJ Foreign Freight Forwarders and Brokers Association The Weissman Center is a member of the New York District Export Council. 42 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY NYCdata It's all Here! WCIB's Open Access Website about New York City NYCdata is a website designed to be the only resource anyone is likely to need when looking for information about New York City. Its purpose is to provide information to students, businesses, and the general public in a free compendium on the City. NYCdata is an extension of the Center’s mission to highlight the international character of the City and its role in the world economy. The website saw a record number of hits in early 2014 as the team launched a redesign of the site aimed to ease navigation and used Twitter and Facebook proactively to drive traffic. Analytics show that many data users are coming from Baruch and other CUNY colleges. The Center hired a new management team in January 2015. Under the new team significant upgrades have been implemented, including new photos, a “Hidden Gems” section, and a section on New York's iconic restaurants and food establishments. The NYCdata Team Eugene Spruck Project Director Timmy Leung Digital Marketing Coordinator Ekaterina Betsukeili Research Assistant Soo Jung Kim Research Assistant You can find the WCIB in China in the cities of Chengdu, Xiamen, Zhenzhou, Hong Kong, and Beijing. Learn more about these destinations in the World Cities chapter of NYCdata. The World Cities chapter of NYCdata identifies the 100 largest U.S. and international cities by population. NYCdata also provides links to each city's website for more information. Separately, there is a detailed table that ranks favorable characteristics for the largest business cities in the world across many variables. 43 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY BARUCH COLLEGE AT A GLANCE Access Value Excellence • More than 18,000 students • More than 129 languages spoken • 164 countries represented on campus • 35 undergraduate majors • 93 undergraduate minors • 25 graduate-level specializations • 1 doctoral program in business • 14 varsity NCAA Division III sports teams on campus Baruch, a senior college in the City University of New York system, is named in honor of Bernard M. Baruch, statesman, financier, and devoted alumnus. Baruch has a history of more than 160 years of making a worldclass education accessible to a highly motivated and diverse student body through three acclaimed schools: the Zicklin School of Business; the Weissman School of Arts and Sciences; and the School of Public Affairs. In its September/October 2015 issue, Washington Monthly says that Baruch College ranks #1 in providing the “Best Bang for the Buck” in the Northeast region of the United States. Acknowledgments We would like to thank all of our donors and the many Baruch faculty and staff members as well as the volunteers that contribute their time and expertise to make the Center a success. Project Coordinator: Lene Skou, WCIB Deputy Director Contributors: Dr. Richard Mitten, Director of Study Abroad Beth Miller, WCIB Assistant Director Sarah Demetz, Assistant Director of GSC/IB and Work Abroad Coordinator George Maris, Senior Accounting Coordinator Design and Layout: Rachael Cronin Design Editing and Proofreading: Sally Fay Photos: We would like to thank the many Baruch students who contributed their photos from abroad for this report. Sarah Demetz helped select the photos that were included. Follow us Weissman Center for International Business Baruch College/CUNY One Bernard Baruch Way, Box J-0810 New York, New York 10010 http://zicklin.baruch.cuny.edu/centers/weissman 46 Weissman Center for International Business / Zicklin School of Business, Baruch College/CUNY