Wake Forest students achieve #1 CPA pass rate in the nation
The National Association of State Boards of Accountancy has reported Wake Forest University School of Business students in the Master of Science in Accountancy (MSA) program have once again achieved the #1 pass rate in the nation on the Certified Public Accounting exam, among 858 U.S. universities with accounting programs.
The recently released 2016 edition of Uniform CPA Examination Candidate Performance clearly placed Wake Forest in first place with an 89.5 percent pass rate average, well above the national average of 54.4 percent.
Faculty, staff, and students celebrated the win in the Bern Beatty Colloquium. Watch the video and learn more.
Charlotte MBA Graduation Celebration
The Charlotte Saturday program held a graduation ceremony for its 2016 class of 44 graduates at Bank of America Auditorium this winter. The Student Leadership Award was presented to Richard Reutter. The Academic Distinction Awards were presented to Jared Christmas, Heather Duke, Martin Gille, Rebecca Oring, and Shawn Overcash. Professor Dan Fogel received the outstanding educator award from the class. View the photo gallery.
Two Wake Forest teams go to the finals in the 2016 Retail & Health Innovation Challenge
Thirteen student teams from around the country competed at the Fourth Annual Retail and Health Innovation Challenge. They were challenged to solve problems at the intersection of retail and health. Teams offered solutions, including wearable technology and nutritional supplements, to a panel of industry judges. For the first time, Master of Arts in Management students served as the co-chairs of this student-led competition. The event was hosted by the WFU School of Business Center for Retail Innovation and sponsored by CVS Health. Read more.
2016 Hylton Lecture: Revolutionizing accounting services with cognitive technologies
“The opportunities technology offers us can do exceptional good or exceptional damage,” Steve Hill, KPMG’s U.S. head of innovation and global head of innovation and investments, suggested during the 2016 Hylton Lecture. As he looks to the future of accounting, and particularly audit services, Hill said he sees new ways for CPAs to leverage technology to gain important insights and advance the industry. Hill shared some of his thoughts about digital labor with an audience of students, faculty, and staff in the School’s Broyhill Auditorium. Read more.
Student competition provides experiential learning
Red Ventures held its first case competition at Wake Forest. Students assumed the role of a business development team by presenting their concepts to representatives from the digital marketing company. Juniors Sheryl He (’18), Iris Lin (’18), and Youyang Zhang (’18), along with sophomore Cecilia Hu (’19), received first place and $5,000. The second place team included School of Business students Emily Gunn (’18), Jack Mullally (’18), and Tommy Vater (’17), along with sophomore Tyler Boucher (’19). They received $3,000. Each team named a charity to receive half the winnings and divided the remainder among team members. Wake Forest students’ abilities to communicate, collaborate, and maintain a strong work ethic are main reasons why Red Ventures continues to forge strong partnerships here, according to Ashley Taylor, a campus recruiter at Red Ventures.
International Education Week celebrated
The School’s International Graduate Student Association (IGSA) hosted an information table as part of the International Education Week. Students engaged fellow students in conversations about their cultures, while enjoying regional snacks. Our international School of Business students represent: Bahamas, Canada, Chile, China, Ecuador, El Salvador, Germany, Honduras, Hong Kong, India, New Zealand, Nigeria, Peru, the Philippines, South Korea, Spain, Taiwan, Tunisia, and Zimbabwe. The School also hosted a dinner for international students. Learn more and watch the video.
Accounting Diversity Consortium
Ten inches of snow for the weekend of the Accounting Diversity Consortium didn’t put a damper on this annual event. Thirty students from 22 colleges and universities attended for a weekend that offered information about graduate accounting degrees and representatives from EY, a leading firm in the industry. Read more.
MSBA students go West
Students in the MSBA program used the final days of their winter break for a career trek to Silicon Valley. Eight students and three members of the program visited Google, LinkedIn, Houzz, Contrast Security, Redpoint, Workday, FactSet, Credit Karma, and Glenn Capital. The students attended two networking events and an alumni panel featuring LinkedIn’s Jessica Killoren (‘08), entrepreneur John Marbach (‘15), and Pinterest’s Adam Ward (‘00).
Chinese New Year Celebration
The School of Business celebrated the Chinese New Year with traditional Chinese music, food, and activities to mark the Year of the Rooster. “My favorite part was seeing our Chinese students enjoying a celebration of home with their American students, faculty, and staff,” said Associate Professor Julie Wayne. “A way to build community and make the world smaller is for each of us to be curious about and step outside our comfort zones to learn more about others who have different life and cultural experiences from our own.”
“It was a great opportunity to let students and professors come and learn about Chinese culture. My favorite part was the paper cutting and calligraphy,” said Woody Shi (MSBA ‘17), who helped plan the event with several other students and ISS Associate Director Amanda Horton. Learn more.
School’s Business Students of Color panel discussion
The School’s Business Students of Color (BSOC) organization held a panel discussion about networking and navigating the corporate world. “We asked the panelists to share their experiences, challenges, and words of wisdom about the workplace,” said the group’s president, Lawrence Watkins (MSA ’17), who helped organize the event. “We hope the students learn how to make an impact in their industry and help other young professionals entering the workplace.”
Salary negotiation for women: Tips to navigate the discussion like a boss
When it comes to closing the wage gap between men and women, salary negotiation can play a key role. But too many women, especially millennials, aren't negotiating. The School of Business, the American Association of University Women, and the Charlotte chapter of Ellevate hosted a seminar on "Negotiating Like a Boss" at the WFU Charlotte Center. The roughly 40 women in attendance discussed anxiety around salary negotiation, how to research the right number, and strategy for framing the conversation. Learn more about how you can make these strategies work for you.
Professor Jeff Camm awarded Kimball Medal
Jeff Camm, associate dean of business analytics, professor, and Inmar Chair in Business Analytics, received the Kimball Medal in Nashville. The recognition came at the annual meeting of INFORMS, the Institute for Operations Research and the Management Sciences. The George E. Kimball Medal, first award in 1974, recognizes distinguished service to the Institute and to the profession. Recipients have been professionals from colleges and universities or organizations such as IBM, Verizon, and UPS.
Center Director Pat Sweeney honored
Congratulations to Pat Sweeney, director of the Center of Leadership and Character, honored as a 2017 Top Thought Leader in Trust by TRUST! Magazine. The publication has named Sweeney as a leader in its 7th annual awards for those whose work helps foster organizational trust. The award recipients are business leaders, researchers, academics, consultants, and media representatives across a variety of industries.
Dean Iacovou shares business education expertise at international forum
As the landscape of business and business education continues to evolve, business schools and corporate training programs, including corporate universities, grapple with change. Examining how academic and corporate universities can share their knowledge and skills to the benefit of business professionals was the focus of a panel discussion at the 2017 Gaidar Forum, attended by Charles Iacovou, Sisel Distinguished Dean of the School of Business.
Iacovou was part of an expert panel on “The Changing Landscape of Management Education Market and the Role of Business Schools and Corporate Universities Today and in Ten Years,” held in Moscow, Russia. He discussed how the School collaborated with leading industry firms to design the new 10-month Master of Science in Business Analytics (MSBA) program. The strategic partnership enabled the School to create a program specifically designed for the firms’ needs, which reduced the necessity for in-house training programs. The MSBA program will graduate its first class this May. Read more.
Students and professor lend talents to TEDxWakeForestU event
Associate Professor of Accounting Anna Cianci was one of eight featured speakers at TEDXWakeForestU in Wait Chapel. This year's theme was the power of curiosity. Cianci said that her formula for success is: "One that focuses on our why and our how...can lead us to understand what is important in life, and how to put that understanding and our unique gifts into good use.”
For more on TEDxWakeForestU, including a look at some of the School of Business students who helped organize it, visit our newsroom.
Associate Professor of Management Jon Pinder textbook receives ‘Most Promising’ award
The Textbook & Academic Authors Association (TAA) has named Professor Jon Pinder's textbook Introduction to Business Analytics Using Simulation Models as the “Most Promising New Textbook." The award recognizes excellence in first edition textbooks and learning materials. One judge described his work as, "an impressive textbook that uniquely uses simulation methods to introduce business students to decision-making under uncertainty, and from beginning to end, wonderfully-detailed, illustrative examples make this complex topic accessible to undergraduates." The textbook provides a foundation for managerial decision-making and business analytics. The award will be presented during the TAA annual conference on June 9.
Professor of Management Sean Hannah’s book reaches download milestone
Leading with Character by Professor Sean Hannah and James Kirby Martin ranks #5 worldwide on the list of most downloaded free iTunes management and leadership books. The book is part of a series called Lessons on Leadership. The book explores character-based leadership as applied to the events surrounding a strong challenge to George Washington’s military leadership. “The National Library for the Study of George Washington at Mount Vernon commissioned the book,” Hannah said. “It is used in many school programs and executive education courses.” The book is available on iTunes, and later this year, will be available on Android devices and Amazon.
BB&T Center for the Study of Capitalism will host John Tamny to speak on "A Changing Political Economy Landscape"
March 23 | 4-5 p.m. | Carswell Hall, Annenberg Auditorium
John Tamny is the political economy editor at Forbes, editor of RealClearMarkets.com, a senior fellow in economics at the Reason Foundation, and a senior economic advisor to Toreador Research & Trading. His most recent book, Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money, Credit, and Why We Should Abolish America’s Central Bank, was published last fall. His previous book, Popular Economics: What LaBron James, the Rolling Stones, and Downton Abbey Can Teach You About Economics was released in 2015.
March 24-25 | Wake Forest University
Wake Forest University will host WAKEWomen's Weekend March 24-25. This event is geared toward women of all ages, professions, life-stages, and backgrounds. The weekend has been designed to provide a venue for conversation and discussion, through leisure and learning, over food and drink. This event is hosted by the Wake Forest University Office of Alumni Engagement. The registration fee is $149 and includes program materials and all Saturday meals. Register now.
27th Annual Marketing Analytics Summit
April 7-8 | Wake Forest University
Student teams from universities across the globe will compete in the Wake Forest School of Business Marketing Analytics Summit hosted by the Center for Retail Innovation. The Summit is a student-led competition that offers both graduate and undergraduate students the opportunity to apply their marketing and analytics skills along with creativity to real-world business challenges. The Summit will be sponsored by the Association of National Advertisers (ANA), the Advertising Education Foundation (AEF), and CVS Health. These organizations will provide the cases on which the teams will compete. Senior Vice President and Chief Marketing Officer for CVS Health Norm de Greve will deliver a keynote address on Friday, April 7 at 2 p.m. in the Broyhill Auditorium. Professor Ben King will be coaching students for the School’s undergraduate team, while Professor Ram Baliga will coach the graduate team.
Fit for Business 5K
April 1 | 8:30a.m.-12p.m. | Wake Forest University
On Saturday, April 1, students from the School of Business will host the 2nd annual Fit for Business 5K through the beautiful Wake Forest Campus! This year’s race will benefit Take the Fight to Cancer, a registered 501(c)(3) nonprofit dedicated to improving the lives of cancer patients and their families. They do this by training top college students to serve alongside cancer patients, enhancing the quality of healthcare and helping patients strive to live longer, fuller lives. Students attend doctor appointments and treatments with patients and funnel existing resources to patients at the time they are needed most, all the while providing a special layer of emotional support to patients and families in crisis!
Join us in our efforts to make a difference in the lives of cancer patients and register today to walk or run in the Fit for Business 5K!
Charlotte Center 20th Anniversary Gala
April 1 | 6:30-9:30p.m. | Westin in Charlotte
Alumni and current students are invited to gather on April 1 from 6:30-9:30 p.m. at the Charlotte Westin to celebrate the Wake Forest University Charlotte Center's 20th Anniversary. It will be an evening of reconnecting, dining, and dancing. The attire is business or cocktail. Register.
IN THE NEWS
Wake Forest students achieve #1 CPA pass rate among U.S. Schools with accounting programs
The National Association of State Boards of Accountancy has reported Wake Forest University School of Business students in the Master of Science in Accountancy (MSA) program have once again achieved the #1 pass rate in the nation on the Certified Public Accounting exam, among all U.S. universities with accounting programs.
The story was posted on more than 250 outlets across the country, including Marketwatch, Ask.com, StreetInsider, MorningStar and The Miami Herald, just to name a few.
Greensboro children benefit from WFU student’s sock project for sick kids
Greensboro News & Record
Teitelbaum came up with the Resilience Project while fighting his own cancer, a form of Hodgkin’s lymphoma that is resistant to normal treatment. Teitelbaum, a senior at Wake Forest University, learned about the blood cancer in May 2015, the end of his junior year. He underwent regular and aggressive chemotherapy treatments, as well as an autologous stem cell transplant — where his own cells were transplanted — and has been in remission since October.
Meet the people making money on Charlotte’s grocery delivery services
Increased competition can make for better customer service – and more opportunities for workers, notes Ajay Patel, finance professor with Wake Forest University School of Business.
“As long as people can rate them, you get a little comfort knowing the service provider is going to do a good job,” says Patel. Companies and “individuals rated highly will end up getting the better jobs.”
Negotiating for money and perks: How 3 Charlotte women got to ‘yes’
So women should push through these phrases that they may tell themselves during salary negotiation time, and charge ahead. That was a key message during a salary seminar for women last week called “Negotiate Like a Boss,” sponsored by the Charlotte chapter of Ellevate Network, the American Association of University Women and Wake Forest University School of Business.
Responsiveness and Collaboration: Developing a distinctive, holistic, market-driven MSBA
In his essay, Jeffrey Camm, executive director of the MSBA program, writes: “What does it take to develop and launch a successful master’s program from scratch on an accelerated time frame? The brief answer may be obvious: committed university and school administration, an agile and dedicated faculty and staff, and an area of study in high demand.
At the Wake Forest University School of Business, we had all of these components as we developed our new Master of Science in Business Analytics (MSBA) program, but there is much more to the story.”
Donald Trump to Meet With Potential Picks for Top Financial Policy Jobs
Wall Street Journal
BB&T Center for the Study of Capitalism Executive in Residence, John Allison met with the president-elect. President-elect Donald Trump will meet Monday with two men who could have a strong say in how his administration regulates Wall Street: John Allison, a former chief executive of BB&T Corp., and Paul Atkins, a former Republican member of the Securities and Exchange Commission.
Covered in other prominent national media outlets.
Tidings of comfort and joy: Why shoppers seeking comfort will be retailers’ joy
In an op-ed piece, Roger Beahm writes, “After an exceptionally divisive election season and the ongoing fall-out, people are in search of the comfort and nostalgia that comes with the holidays, perhaps turning to some retail therapy.
Coming soon: Student inventions to benefit your health from the 2016 Wake Forest University School of Business Retail & Health Innovation Challenge
The next imaginative idea to benefit consumers, patients, or healthcare professionals might be born in the creative concepts presented at the Fourth Annual Retail & Health Innovation Challenge. Hosted by Wake Forest University School of Business and its Center for Retail Innovation, theChallenge is sponsored by CVS Health.
This story also appeared in MarketWatch, Morningstar, The Miami Herald, and The Charlotte Observer, among other media outlets.
Students answer call to innovate at intersection of retail, health
Triad Business Journal
Student innovation took center stage this week, from warming masks for asthma sufferers to fun socks that help fund cancer treatments.
Those are examples of some of the concepts that students came up with through a competition designed to cultivate innovation at the intersection of retail and health care. The Fourth Annual Retail & Health Innovation Challenge was hosted by Wake Forest University School of Business and its Center for Retail Innovation and sponsored by CVS Health.
Six things to help you in balancing work and life in 2017
An essay by Associate Professor Julie Wayne on work-life balance runs in Fox News. In it she writes: “Work-life balance: Moms want it. Dads want it. Single employees want it. Younger employees want it. Older employees want it. And research shows that finding balance is important to individual well-being as well as better satisfaction, commitment, and performance in one’s family and one’s job. Despite these positive outcomes, work-life balance often remains an elusive goal. Perhaps it’s because we’ve been thinking about “balance” all wrong.
Balance is generally thought of as a noun, or a state that is achieved and maintained by dividing one’s time equally between work and nonwork. But it’s difficult, if not impossible, to equally divide one’s time across roles, and as soon as you think you have balance, it’s usually gone before you can even enjoy it.”
John Allison, the man who could be Donald Trump’s bank chief
American banks likely will have a new chief regulator soon, with one of the most likely candidates a welcome name to Wall Street.
John Allison is a name frequently mentioned when it comes to potential candidates President-elect Donald Trump is considering to run the nation's financial system, though a handful of other names also have been bandied around.
Five key things impacting the price of gas
"Low gas prices serve as a tax cut for Americans. There is a strong positive effect on discretionary spending when prices are low for a sustained period of time," says Haresh Gurnani, PhD, Executive Director of the Wake Forest University School of Business Center for Retail Innovation.
NEW professional development resources
Alumni have exclusive access to NEW professional development resources from our Center for Leadership and Character, including tools for leadership development, self-evaluations, and leading effective meetings.
Are you a member of our School of Business LinkedIn group? It’s a great way to connect with your fellow Deacs, engage with our students, and develop your personal brand. Visit go.wfu.edu/linkedinwfusb and click “request to join” on the top right.
Visit the dedicated Wake Forest University School of Business alumni website to connect with each other and the school, harness career resources, and give back to the university.
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