by jlansber | Sep 30, 2015 | Notes from the Dean
Dean Ray Whittington
The growth of the global marketplace is changing not only how business is conducted, but also how it is taught. Employers increasingly seek to hire graduates who possess international business knowledge, global experience and the ability to work in multicultural environments. As a result, the Driehaus College of Business has made it a strategic priority to teach business from a global perspective. To achieve this goal, our college is bringing the world into our classrooms and our classrooms to the world.
Our students acquire a global view of business through professors who incorporate their international experience into lessons, executives from multinational organizations who speak on campus, and study abroad opportunities that provide students with firsthand exposure to business practices around the world. Our classrooms also have become a rich environment for cross-cultural business discussions because our students come from more than 40 countries. They include hundreds of students from China who have chosen to study business on our Loop Campus in recent years, as well as Middle Eastern professionals who are pursuing DePaul MBA and MS degrees in Manama, Bahrain, thanks to our partnership with the Bahrain Institute of Banking and Finance. In our cover story, you’ll meet alumni who have emerged from these international initiatives to succeed as global-minded business leaders.
As we begin another academic year, the Driehaus College of Business continues to seek ways to expand our portfolio of global education opportunities. We recently embarked on a number of initiatives that support international education at DePaul and entrepreneurship in Qatar. For the second consecutive year, DePaul MBA students will have the opportunity to enroll in an international business seminar that culminates in a week-long educational trip to Qatar. Our newly opened Sheikh Faisal bin Qassim Al-Thani Center for Entrepreneurship in the Middle East, supported by a generous gift from the Sheikh, is planning a number of new programs that will bring high-potential Qatari startups and entrepreneurs to DePaul to learn from our faculty, network with our students and connect with the Chicago entrepreneurial community. We’ve also submitted a proposal to the Supreme Education Council of Qatar to launch a DePaul MBA program in Doha.
Meanwhile, we are poised to begin a new partnership in Southeast Asia, where high-growth economies are fueling demand for graduate business education. We recently signed a memorandum of agreement with an education partner in the Philippines to offer an MBA program in Manila. The proposal is currently being evaluated by the Council on Higher Education in the Philippines, with a target date to open in 2016-2017.
Such partnerships abroad bolster our business education programs at home by opening the door to more student exchange programs and faculty research and development opportunities around the world.
Ray Whittington
Dean, Driehaus College of Business
by jlansber | Sep 30, 2015 | Faculty Focus
DePaul Finance Professor Rebel Cole
For DePaul Finance Professor Rebel Cole, it’s not unusual to spend one week helping the Banque du Liban in Beirut stabilize the Lebanese financial system and the next week teaching a finance class on another continent. Throughout his career, Cole has blended practice and theory to develop a unique skill set that allows him to combine his love for finance and economics with his passion for teaching and research.
“I take what I’ve learned from my experience working in the government and with banks and translate it into lessons that will help students prepare for their finance careers,” says Cole. “I want my students to know what to expect when they get in the real world.”
A native of rural North Carolina, Cole brings a wealth of international finance experience into the classroom, having worked for the Federal Reserve Board, the World Bank and the International Monetary Fund. He has traveled the world—from Europe to Asia to the Middle East—to assist in the development of stress tests, financial stability indicators and off-site monitoring systems for commercial banks and other financial institutions. He’s also a prolific scholar whose papers have been cited by more than 5,000 researchers.
In his courses, Cole primarily uses real-world case studies that challenge students to take on the role of the decision-maker. He also talks with students about finance-related news stories, encouraging them to discuss how the issues relate to what they are learning and the current state of the economy. These discussions help students think critically, speak with confidence and understand how finance functions in the real world, he says.
“I want my students to know what to expect when they get in the real world.”
“I like to have an interactive classroom where we are discussing real-life examples instead of just having me lecture,” says Cole. “We can solve real problems and delve into what the decision-makers did right and wrong, so that we can learn to avoid making those mistakes in the future.
By Andrew Zamorski
by jlansber | Sep 30, 2015 | Alumni Profiles
Andrew Hallissey in Hong Kong.
Andrew Hallissey (MBA ’04)
Residence: Hong Kong
Occupation: Executive director in the Global Corporate Services group of CBRE, the world’s largest commercial real estate services and investment firm. As head of client solutions for the Asia Pacific region in CBRE’s Hong Kong office, I have responsibility for the design, implementation and management of real estate solutions for CBRE’s largest corporate clients. I also provide global oversight for a range of CBRE’s U.S.- and European-based corporate clients.
Education: After attending high school at De La Salle College in Waterford, Ireland, I earned a Bachelor of Business Studies at the Waterford Institute of Technology. My first master’s degree was an MSc in Marketing Practice at the Smurfit School in University College Dublin. I was very fortunate to be the fifth recipient of the DePaul Ireland Scholarship, founded by Fergal Mulchrone, a member of the Driehaus College of Business Advisory Board, to promote educational and business links between DePaul and the Republic of Ireland.
Vital stats: After I graduated from DePaul in 2004, I joined Trammell Crow Co. and received a very diversified exposure to the real estate industry. Trammell Crow was acquired by CBRE in 2006, and shortly after that, I moved from Chicago to London to lead the client solutions function for CBRE across Europe, the Middle East and Africa. After six years in London, I was ready for another challenge, and our business in Asia Pacific was poised for dramatic growth. I have been based in Hong Kong for the last 2 1/2 years. My wonderful wife, Kirsty, and I were blessed with the arrival of our son, Max, a little over a year ago. He has definitely been a game changer!
What I like best about my job: I love the culture of our company, which is focused on values-based leadership and delivering the best possible outcomes for our clients. Our values statement is RISE, which stands for Respect, Integrity, Service and Excellence. It’s a very powerful mantra when you inspire 52,000 people within the firm to use it as their day-to-day operating philosophy.
How my DePaul experience helped me: I have DePaul to thank for getting my start in the real estate industry. I was a graduate assistant for Susanne Cannon, the founder and chair of the Real Estate Department, who recently retired. Dr. Cannon introduced me to my first job at Trammell Crow Co. DePaul does an amazing job at opening the doors of industry to aspiring young people.
Advice for New Graduates
“My favorite quote from Mr. Trammell Crow was ‘We should hire people other people would like to see be successful.’ Take a couple of minutes to consider the personal attributes of the kind of people that others would like to see be successful. If you do your best to emulate those attributes, the chances are you will do well.”
“Continue to build great relationships with your colleagues, clients and stakeholders throughout your career. People like doing business with people they like, and you need all the help you can get in an increasingly competitive workplace.”
“Consider how fortunate we are to have had the opportunity to study at DePaul. As we progress through our careers and through life, it is important we do everything we can to help and support those who really need it.”
by jlansber | Sep 30, 2015 | By the Numbers
Look out world, here we come! Study abroad opportunities for DePaul’s business students span the globe.
by jlansber | Sep 30, 2015 | College News
New Degrees Reflect Job Market Trends
Actuaries, supply chain managers, risk managers and executives who excel at research-based decision-making are among professionals who are in high demand in today’s job market. To prepare graduates for these roles, DePaul’s business school introduced new degree programs in these fields this fall.
The Kellstadt Graduate School of Business has added two new master’s degrees—an MS in Enterprise Risk Management and an MS in Supply Chain Management—as well as the college’s first doctoral degree, the Executive Doctorate in Business Administration, which equips working executives with applied research skills they can use to transform their organizations.
The Driehaus College of Business now offers a new undergraduate business major in actuarial science, a profession that often ranks as one of the best in the United States for pay and job satisfaction. The college also has expanded its combined bachelor’s and master’s degree offerings, which allow students to complete both degrees in as little as five years.
“These new degrees allow us to better serve a wide range of students, from those who are about to enter the business world to working professionals who want to advance and experienced executives seeking to take their careers to the highest level,” says Ray Whittington, dean of the Driehaus College of Business.
Double Demon Alumni Scholarship Expands
The Double Demon Scholarship, a DePaul tuition discount program for alumni, is expanding to encompass additional types of graduate coursework. Under the program, newly admitted students who are DePaul alumni receive a 25 percent discount for graduate degree coursework, with seven of DePaul’s colleges and schools participating. Select certificate and non-degree coursework has been added to the program. Some restrictions apply. For more information, e-mail the Kellstadt Graduate School of Business or call (312) 362-8810.
Chair in Business Ethics Named
Daryl Koehn’s appointment as the Wicklander Chair in Business Ethics this past July marks a homecoming for the professor and author.
Koehn taught philosophy at DePaul from 1991 through 1998 and was the 1997-98 Wicklander Chair when the post was a rotating, one-year appointment. She left DePaul to become the Cullen Chair in Business Ethics at the University of St. Thomas in Texas, and subsequently taught business ethics at the University of St. Thomas in St. Paul, Minnesota. Her return to Chicago and the now nonrotating endowed Wicklander Chair also finds her serving as managing director of the Institute for Business and Professional Ethics. She succeeds Patricia Werhane, who retired from both positions last spring.
Koehn said she welcomes the chance to lead ethics education and outreach efforts at the nation’s largest Catholic university because, she says, Catholic universities “take ethics seriously. DePaul is well-known for its many ethics initiatives, serving not only students and faculty members, but also the community at large.”
One of her priorities is to see the center develop expertise in the fast-growing area of benefit corporations, a new legal form for business entities that explicitly permits managers and boards to focus on benefiting a wide array of stakeholders, not just stockholders. “I think that alumni and the business community can provide useful insight into ways that DePaul can help benefit corporations and refine the notion of ‘ethical business culture,’” Koehn says.
Koehn earned her PhD, MA and BA in philosophy from the University of Chicago, an MBA from Northwestern University and an MA in politics, philosophy and economics from Oxford University. She has authored or edited seven books on subjects that range from global ethics to the nature of evil.
Alumni Named to Head Three College Divisions
The Driehaus College of Business recently promoted three DePaul alumni to leadership roles at the college:
John Ahearn
John Ahern (BUS ’65, MBA ’67) has been appointed interim director of the School of Accountancy and Management Information Systems, succeeding Kevin Stevens (MST ’86), who left to become dean of Loyola University’s Quinlan School of Business. Ahern brings extensive experience to his new position, having served previously as the director of the school and as an associate dean for the college. He has been a faculty member for more than 30 years and a Fulbright Scholar twice. Ahern earned his Doctor of Business Administration from the University of Kentucky.
Steve Koernig
Steve Koernig (MBA ’94) has been named chair of the Depart-ment of Marketing, succeeding Sue Fogel, who stepped down after 15 years to return to the faculty. Koernig joined DePaul in 2002. For the last three years, he has served as associate dean, overseeing program development and continuous improvement for the undergraduate business program. His teaching and research focus on social media marketing and consumer behavior. Koernig received his PhD in marketing from the University of Illinois at Chicago.
Charlie Wutzebach
Charles H. Wurtzebach (BUS ’71) has been named Department of Real Estate chair and Douglas and Cynthia Crocker Endowed Director of the Real Estate Center, 30succeeding Susanne Cannon, who retired. Wurtzebach joined DePaul in 2009 as the George L. Ruff Visiting Professor in Real Estate Studies. He previously directed the Real Estate and Urban Land Economics program at the University of Texas at Austin, and was managing director and property chief investment officer for Henderson Global Investors. Wurtzebach earned a PhD in finance from University of Illinois at Urbana-Champaign.
