DePaul Summer Programs Inspire Ambitious Teens

The Department of Management hosted 20 high school students for a summer program called “Be Your Own Boss.”

Over the summer, DePaul’s Driehaus College of Business invited high school students from across the Chicago area to participate in academic programs that introduced them to the higher education experience and potential future careers.

DePaul’s Department of Management & Entrepreneurship hosted 20 high school students for a summer program called “Be Your Own Boss.” Created in conjunction with the Chicago Housing Authority (CHA), BMO Harris and Macy’s, the six-week curriculum focused on career awareness, college readiness, team-building and leadership skills.

“This was a fantastic opportunity for students to focus on what they want to do in life,” says Susanne Mickey, who developed the curriculum for the program and is assistant to the Department of Management & Entrepreneurship chair. “The course helps students develop skill sets they didn’t even know existed, preparing them for not only college, but also for leadership in their communities.”

Student at Iron Oaks Environmental Learning Center in Olympia, Ill.

Students in the “Be Your Own Boss” program traveled to Iron Oaks Environmental Learning Center in Olympia, Ill., where they learned team-building skills outdoors. Pictured: Abdullah Hutcherson (holding the rope).

The “Be Your Own Boss” program is part of Mayor Rahm Emanuel’s One Summer Chicago initiative that provides youth with employment and enrichment programs. Over the course of four weeks, students learned about leadership, management, marketing, sales, accountancy, financial planning, hospitality, communications and entrepreneurship.  They also visited with sports and business executives from the Bulls, Bears, Cubs, PepsiCo and Macy’s.

Assistant Professor Andy Clark, who is the faculty coordinator of the Sports Management curriculum at DePaul’s Driehaus College of Business, arranged for the teens to visit Chicago pro sports team and lectured about business management. Visiting Assistant Professor Ivanna Zilic, the other main faculty member for the six-week program, taught the students interviewing and presentation skills and how to perfect their elevator speech.

Opening New Paths for Chicago Teens

Abdullah Hutcherson from Chicago Virtual Charter School decided to participate in the “Be Your Own Boss” program because he was interested in entrepreneurship and business management. “A lot of kids in this program may not have access to these opportunities,” Hutcherson says. “The ‘Be Your Own Boss’ program opens new paths and creates a different reality from what you see on a day-to-day basis.” Hutcherson one day hopes to own a gym and feels that the management, marketing and accounting skills he learned from the program will help him in the future.

At the end of this six-week program, students received a professional wardrobe courtesy of Macy’s. They learned how to make a polished business presentation, which they delivered in front of an audience of family, friends and supporters from CHA, BMO Harris and DePaul.

“When you are young, you are unsure who you are and who you’ll become,” Mickey says. “To be able to have this experience and participate in everything that is offered, in the end it can be a life changer. It will give you the assurance that you will go further in life, you can do anything you want to do and you can truly become your own boss.”

Actuarial Camp Introduces Teen Math Scholars to Lucrative Career Path

DePaul Actuarial Academy

The Actuarial Academy  at DePaul culminated with the student groups presenting their projects to the sponsors and their parents.

DePaul’s Arditti Center for Risk Management, which is part of DePaul’s Department of Finance, also hosted a summer enrichment program for teens this summer. The second annual Actuarial Summer Academy in August offered a one-week, on-campus program  designed to get high school students engaged in the actuarial field through experiential learning, case challenges and visits by industry professionals.

“People who are good at math and stumble across actuarial sciences on their own are often frustrated that they didn’t find this career path earlier,” says Finance Professor Carl Luft  (BUS ’75, MBA ’77)​,  academic director of the Arditti Center for Risk Management. “We are introducing high school students to this profession much earlier so they have the tools to succeed in this lucrative career.”

DePaul is the only business school in Chicago with an actuarial science major. The Actuarial Summer Academy used this advantage to bring together industry representatives, talented high school students and DePaul faculty members. This year, 36 Chicago-area high school math students descended on DePaul’s Loop Campus to learn more about actuarial science as a career. The Actuarial Academy students were divided into seven teams each sponsored by a local corporate partner and assigned a real-world risk management project to solve by the end of the week.

Rayana Bush from Kenwood Academy in Hyde Park was looking for an enrichment course to take over the summer. Her pre-calculus teacher approached her about the actuarial academy. “I love math so much and I knew I wanted to find an interesting math profession, but there was never one I thought I fit in,” Bush says. “The actuary profession has opened my eyes to what I could be in the future.” Bush’s student team was sponsored by BlueCross BlueShield of Illinois, and she enjoyed meeting actuaries from the organization, learning new challenging concepts and tackling the group project.

The Actuarial Academy culminated with each student team presenting their project results to the other teams, faculty members and parents. “We are building the brand of DePaul and enhancing the actuarial profession with this academy,” says Clinical Professor of Finance Tom Edwalds, who led the camp with DePaul Assistant Professor of Mathematics Stefanos Orfanos. “We are looking to attract higher caliber of students to DePaul and introduce a lucrative career where each of these students can succeed.”

By Andrew Zamorski

Alumnus Profile: McDonald’s Executive Michael Friedrich

Michael Friedrich (MBA '95)

Michael Friedrich (MBA ’95) began his career as a McDonald’s executive abroad with a finance internship he completed while studying at DePaul.

Like many DePaul business alumni, Michael Friedrich’s journey to career success began with an internship he landed while he was a student at DePaul.

Friedrich (MBA ’95) studied finance and marketing and, through DePaul’s connections to the business community, earned an internship at locally based McDonald’s Corp. This opened the door to a full-time job in the global food retailer’s finance department after graduation, which then led to a series of executive positions with McDonald’s in Europe.

Friedrich has served as financial controller for Western Division of McDonald’s Europe and chief financial officer of McDonald’s Italy, among other c-suite posts. He is currently a multiple franchisee who owns the biggest McDonald’s restaurants in and around Prague, his hometown. He also stays connected to DePaul by sharing his knowledge with current DePaul business students who visit the Czech Republic while on study abroad trips to find out about European business practices first-hand.

Below, Friedrich discusses how his experiences at DePaul prepared him for his career journey.

Why did you choose to attend DePaul’s business school?

I had a dream to study business in the United States. In 1992, when I completed my engineer master’s program at the Prague School of Economics, I started to work with MBA graduates from different business schools across the U.S. at the Entrepreneurship Center, a nonprofit organization based in Prague. We helped small businesses in the Czech Republic to prepare business plans, obtain financing and, in some cases, find strategic partners.

I learned from my colleagues and some future lifetime friends about different MBA programs and passed the required tests. Then I came across a possibility to qualify for the Dean’s International Scholarship at DePaul University. The program was administered at the time by Peter Chadraba, the DePaul professor of marketing, who was then working closely with the Prague School of Economics. And thus started a relationship with DePaul that lasts until now.

How did your DePaul business education help you with your career?

DePaul and Chicago are very influential in my life. In the MBA program, I chose a finance major with an additional emphasis on marketing, which provided me with a sound knowledge of finance, marketing, economics and accounting.

A big advantage was the fact that DePaul’s business school classrooms are located in downtown Chicago, at the heart of real business. Many of my fellow students worked a few blocks from our school. It brought a very hands-on approach to our classroom, as often we discussed business cases and situations that where happening just across the street.

At the end of my studies, thanks to DePaul, I was offered an internship at McDonald’s headquarters and thus started another long-lasting relationship. I met several DePaul alumni working at the McDonald’s headquarters and, actually, the CFO of McDonald’s Corp. and future CEO of McDonald’s were DePaul graduates as well.

Finally, I also met my wife in Chicago. We met at a McDonald’s finance training in Oak Brook and to close the circle, she also is a DePaul MBA graduate.

What advice do you have for other international students who may be considering enrolling at DePaul in Chicago?

DePaul University is a very reliable and knowledgeable partner for your studies. It has a great faculty with a lot of experience, and it has a unique location in one of the most beautiful cities in the U.S.  It is a strong, large university, but at the same time very personal.

I have created a life-long relationship with the university and its faculty and also with many of my fellow students. I made friends in Chicago and also from different parts of the world while at DePaul.”

You recently met with DePaul business students studying abroad. What was the most important lesson about business that you shared with them?

We discussed how the world is getting more interconnected. Opportunities, challenges and issues that pop-up in different parts of the world become overnight our agenda, too. Constant change is part of our lives.

I personally value long, personal business relationships and consistency, and I tried to convey this message, too.

Finally, I shared one of my favorite quotes from a great Italian movie, “The Leopard.” “If we want things to stay as they are, things will have to change.”

By Robin Florzak

DePaul’s Corporate Education Partnerships Are a Win-Win for Employers and Employees

CEO MB Financial Cohort

MB Financial employees enrolled in DePaul’s MBA program offered on-site at the bank.

Anthony J. Gattuso always wanted to earn an MBA. Like many working professionals, however, he hesitated to add another commitment to his already busy schedule. “There was always a reason to put it off — personal and professional obligations, etc.,” he recalls.

That changed when Gattuso, a vice president and senior field credit officer at MB Financial Bank, heard about a new partnership between MB and DePaul University to bring DePaul’s highly regarded MBA program to his workplace. Gattuso now attends DePaul MBA classes with 35 of his co-workers two evenings a week at MB Financial Bank’s Rosemont, Ill., offices.

When I weighed the specifics of the program — the benefits of an on-site program with a streamlined enrollment process, and an attractive cost relative to a traditional program — it was an easy decision to enroll,” Gattuso says.

“I view the program as an opportunity to further develop my business, leadership and managerial skill sets,” Gattuso continues, “while growing relationships with others in the organization — all in a location that is convenient and conducive for balancing my professional life with my personal life.”

The DePaul–MB Financial Bank collaboration is one of 25 education partnerships that the university’s Corporate and Employer Outreach (CEO) initiative has forged with companies in the banking, health care and technology fields since DePaul launched CEO in 2013. The partnerships range from tuition discounts and professional development opportunities to MBA and other tailored degree program offerings at company facilities. In seeking partners, DePaul primarily targets Fortune 1000 companies that have headquarters or major hubs in the Chicago area.

Anthony Gattuso

Anthony J. Gattuso is enrolled in DePaul’s MBA program offered at his workplace, MB Financial Bank.

Employers benefit from these partnerships as much as their employ­ees do, says Dara Crowfoot, director of DePaul’s CEO initiative.

“Hiring is returning to pre-recession levels, and companies are looking for benefits that can help them attract and retain employees, especially millennial generation professionals who place a high value on education and training,” she explains. “These educational partnerships help companies keep their best employees from being hired away.”

“Long-term,” she continues, “DePaul wants to be recognized as a solution provider for area businesses and organizations seeking to cultivate and keep exceptional talent.”

Students Expand Networks, Gain Real-World Knowledge

One big benefit of DePaul’s corporate-based degree programs is that they build camaraderie and teamwork among enrolled co-workers, who progress through their studies together as a cohort.

“I’ve found that both the professional and personal connections with my classmates/co-workers are stronger as a result,” says Dan Butterworth, assistant vice president of consumer marketing at MB Financial Bank and a student in the DePaul MBA program there.

Butterworth also appreciates the opportunity to immediately apply what he has learned to his work at MB Financial.

“The first class in our program, Organizational Behavior, has given me tremendous insight into the obstacles decision-makers face. One of my long-term objectives is to develop a skill set that improves my decision-making ability. Needless to say, the program started off perfectly for me.”

For graduates of DePaul’s corporate MBA programs, the career benefits continue to accrue.

Dan Butterworth

Dan Butterworth says DePaul’s onsite MBA program provides decision-making skills he can use on the job.

Matt Ley (MBA ’16), supply chain manager at Medline Industries, earned his DePaul MBA at the global medical supplier’s far north suburban headquar­ters. Ley sought the degree to enhance his knowledge of business because he had not studied business as an undergraduate.

“Besides the immense benefit of networking with my fellow employees, the program afforded me the opportu­nity to explore, discuss and engage in multiple business disciplines,” says Ley. “I have gained the ability to discuss marketing, sales, finance, purchasing and management — topics I would have felt ill-prepared for based on work experience alone. This increased knowledge means I have a larger pool of options before me regarding future development and advancement.”

DePaul’s large alumni network in Chicago also has helped boost the success of the university’s corporate education partnerships. Alumni have served as liaisons for DePaul to connect with company decision-makers to discuss collaborations, and also have spoken about their MBA experiences with co-workers who are contemplating enrollment.

At the Walgreens headquarters in Deerfield, Ill., alumnus and product development manager Alexander Rozenbaum (CDM ’00, MBA ’14) has spoken to his co-workers about the merits of the DePaul MBA program offered there, which focuses on health sector management.

“It’s a great and convenient opportuni­ty,” Rozenbaum says, “for our employees to participate with other Walgreens employees in a top-notch MBA program that has a diverse, cross-functional focus and takes place at their workplace on our corporate campus.”

Learn More

For more information about DePaul University corporate education opportunities, contact DePaul’s Corporate and Employer Outreach (CEO) initiative at (312) 362-6911 or corporatepartnership@depaul.edu.

By Robin Florzak

DePaul Alumni See Careers Mirror Chicago Cubs Winning Trajectory

It’s been more than a century since the Chicago Cubs won a World Series. Now the Cubs are winning again, and fans have high hopes they’ll go all the way this year. But what is it like to see firsthand the team’s historic transformation?

The 12 DePaul alumni – most of them from the college of business – who work the Chicago Cubs organization know.

Much like the team they work for, these alumni have experienced increasing opportunities for success at one of the most storied sports franchises in history. Three of these alumni share how their experiences at DePaul have helped them win at the game of sports management.


Diego Chahda (BUS ’12)
Name: Diego Chahda (BUS ’12)

Cubs Job: Premier Account Executive

Years with the Cubs:  Three

On Working with the Cubs

“I’m from Cleveland, so if anyone can understand the plight of a Cubs fan it’s me! I started back in 2013, when the Cubs were rebuilding and it was really hard on our season ticket waiting list. I was brought in to focus on the team’s waitlist and help with converting people to season tickets at a higher rate.

“We changed our sales process. Before, we would send a post card reminder and then have people just wait to get a call from us to come to the ball park and buy their seats.

“Literally, people had to come down in December when it was freezing, wait in line to buy their season tickets, and they had no idea on the price or anything. Now everything is digital.

“We contact prospective season ticket holders well in advance of the season, they get a more personalized message from the team, thanking them for their support of the team and are encouraged to celebrate their opportunity to finally buy season tickets.

“We want them to feel a part of the team and its success.  They don’t want to lose their opportunity to buy a seat for next season. Now we have an extremely high retention rate for our season ticket holders and convert off the waitlist at a good clip, which had a potential to become extinct, has been extended to 90,000 strong. That number is only going to get higher.”

On DePaul University

“Before I started working [with the Cubs] I had no idea what sales were all about. I couldn’t sell $15 tickets to a high school hockey game. Now, I sell $500 seats, using tactics I learned at DePaul. My classes at DePaul taught me that you are selling more than space, you’re selling experience, and service is how you do that. So that’s my emphasis: serving our customers and making sure they’re more than satisfied with us.”


Annie Scalise (BUS ’13)

Name: Annie Scalise (BUS ’13)

Cubs Job: Human Resources Coordinator

Years with the Cubs:  Two

On Working with the Cubs

“I started as an intern for a minor league team. I literally did everything, from selling tickets, cleaning the stadium, and even being the team mascot. I also had an opportunity to work for the Cubs as a client service associate in the 2013 season. After the 2013 season, I left the sports industry and went to work full-time in a corporate setting. However, I began to miss the sports industry atmosphere and energy. In 2015, the Cubs had an HR opening and I was able to find my way back. It’s a totally different culture here. Everyone is much more focused on the same goal—having a winning team and organization. We all want to win the World Series. We want to support our baseball team, support Theo [Epstein, president of Baseball Operations for the Cubs], support Tom Ricketts [owner of the Cubs]. That’s our bigger goal.”

 On DePaul University

“In every class that I took at DePaul, we had some sort of huge final project that required much collaboration. The team-building and collaboration that I learned at DePaul helps me each day as I support the Cubs’ front office. We just have this mentality that we’re all in this together.”

 Ashley Beirne (‘BUS ‘11)
Name:
Ashley Beirne (‘BUS ‘11)

Cubs Job: Development, Hickory Street Capital LLC (owned by the Ricketts Family); formerly worked in Corporate Partnerships with the Chicago Cubs

Years with the Ricketts: Three

“When I started with the Cubs, I worked in corporate partnerships new business and sold everything from naming rights to the Cubs Executive Clubs, to selling outfield signage, and brought in additional revenue for two and half years. While working in corporate partnerships I would educate clients on the 1060 Project development, which included the restoration of Wrigley Field, as well as the Ricketts’ development exterior of Wrigley Field (Hotel, Plaza and Office building).

“In the same time span, my sister and I bought our first condo which prompted me to become more interested in real estate. I wanted to be a part of this new story for the Ricketts, not only the story on the field with the team hopefully competing for the World Series, but also transforming Wrigleyville to be an event destination more than the 81 home games, but rather a place where people travel to at all times of the year.

“I was really inspired and began studying on nights and weekends to get my real estate license. I began working in residential real estate and then transferred to working on the $250-million development project the Ricketts started.

“It’s an exciting and once-in-a-lifetime opportunity to be part of this development. There is a small team of us who are developing this entire infrastructure outside of Wrigley Field. It’s keeping us very busy. It’s been amazing to have the ability to be a part of the design meetings, the construction meetings, launching a new hotel brand, and developing community events such as Farmer’s Markets and Movies in the Plaza. This whole experience has been amazing and it’s been incredible to see the Cubs succeed and win.

On DePaul University

“I love DePaul. The best part is that DePaul gives you the mindset where you realize that what you’re doing now is going to impact what you’re doing in the future. As a business student at DePaul commuting to and from the loop, your focus is on the real world right away. At DePaul, you have the opportunity to learn from business professionals who have been successful in their own careers and are teaching real world business practices and strategies, not just from a dated textbook. You’re learning from the best, which has made it easier for me to succeed in my own career and within the Ricketts ’organization.”

By Ovetta Sampson

Hands-on Investment Decision-making in DePaul’s Finance Lab Helps Alumni Land Jobs

By Hal Conick

Adjunct Professor Brian Thompson

Adjunct Professor Brian Thompson (MBA ’13) says experience in the finance lab differentiates DePaul alumni from others in the job market.

To confuse DePaul University’s Finance Lab with a real-life trading company would be an honest mistake. All of the ingredients are there: rows of computers, Bloomberg Terminals, multiple TVs with financial programming, and a stock ticker with orange and green lettering running above sprawling photos of Chicago’s Board of Trade and New York City’s Wall Street.

Brian Thompson (MBA ‘13), an adjunct professor of finance and economics, as well as a principal consultant at Black & Essington Solutions LLC, stands at the front of the lab. Students from Thompson’s Applied International Portfolio Management class file in and immediately start preparing for their upcoming final presentations. They debate which stocks from the school’s portfolio need to be bought, which should be sold and which should be held.

“Students learn to think quickly while applying what they have learned from other classes during these presentations,” Thompson explains. “These skills are essential for success in business.”

Students are managing real money from a $100,000 portfolio, part of DePaul’s endowment that goes toward funding scholarships at DePaul’s business college and music school. Their presentations will be judged by faculty members and financial industry professionals.

Applied learning is the key, Thompson says. Finance students in his class gain valuable career skills from using the tools the professionals use to make investment decisions.

“There’s definitely a tangible piece to it,” Thompson says. “The idea is what they’re doing has an impact. … Giving them the accessibility to investment decision-making here really opens them up to not only being more marketable on their resume, but also more useful on the first day on the job.”

Arman Hodzic (BUS ’15) (far left) says the three classes he took in the Finance Lab gave him a jump-start on his career.

Arman Hodzic (BUS ’15) (far left) says the three classes he took in the Finance Lab gave him a jump-start on his career.

Students who take classes in the Finance Lab go on to get great jobs, Thompson says, as the Lab becomes a talking point on their resume. A recruiter looking at 10 mostly-even resumes will see the experience in the Finance Lab and know the student wasn’t simply “cutting grass and painting last summer,” as he puts it. For students, that experience is priceless.

One alumnus privy to experience in the Lab is Arman Hodzic (BUS ’15), an analyst at Bank of America Merrill Lynch. Hodzic took three classes in the Finance Lab, including the Applied International Portfolio Management class, which he says remains a highlight on his resume. Hodzic hopes the experience will be key in his ultimate goal of transitioning to work as a portfolio analyst.

“That’s definitely DePaul’s strong suit. It differentiates them from other universities,” he says of the hands-on experience at the Finance Lab. “You can almost claim it as non-paid work experience that you get by participating in these really in-depth experiential courses.”

That experience starts to show by the end of each student’s time in the Finance Lab, Thompson says, as their confidence increases “twofold.” Students transform from nervous and self-conscious about their knowledge to quick-thinking and confident, something Thompson believes will help them in future job interviews in the finance industry.

“As companies needs have changed, the job market is more competitive than ever,” Thompson says. I believe the experiences in this class give students a unique competitive advantage that can be a game-changer during the interview process.”

Alumni Combine Talents to Launch CPA Consulting Firm

Alumni business partners Julio Rodriguez and Enrique Lopez.

Alumni business partners Julio Rodriguez and Enrique Lopez.

A DePaul degree can be a powerful tool in the real world, even more so when two alumni come together to form a company.

Julio Rodriguez (MBA ’88) and Enrique Lopez (MST ’00) use their alumni connection as the backbone for managing LRC CPA Management, a successful CPA consulting firm startup, which they founded together in 2015. LRC CPA Management provides business leadership and financial service consultation to clients of all sizes to encourage financial stability and long-term profitable growth.

The idea for the company evolved from the friendship between Rodriguez and Lopez that has spanned over fifteen years. Rodriguez and Lopez crossed paths at alumni networking events and through professional social circles. Before forming their firm, they had casually talked about starting their own business venture. They remained in contact and waited for the perfect timing.

Rodriguez spent over 30 years in various accounting roles for major retailers, such as Walmart, Sears and McDonald’s Corp. He earned his MBA from DePaul in order to advance in his career. While earning his degree, he realized that he was interested in international business and took classes in the subject as part of his degree. Upon receiving his MBA, he was able work internationally for Walmart and spent more than twelve years traveling internationally. When he decided to return to the United States, he reconnected with Lopez.

“After 30 years on the corporate side of business, I realized I wanted to put my skill set into consulting,” says Rodriguez. “I called Enrique and we put together a plan on how we can compete in Chicago.”

Lopez worked for a large CPA firm before forming Lopez & Co Certified Public Accountants in 2004. He has always been interested in the public accounting and taxation environment and providing services to various enterprises, including non-profits. But he wanted to expand his services. That came in the form of consulting through the creation of LRC CPA Management with Rodriguez.

“One thing that motivated me was going back to the client service environment and helping people, businesses and organizations make decisions and do well in running their business,” says Lopez.

Rodriguez and Lopez both say having a degree from DePaul provides a lot of recognition and credibility.

“DePaul was in the center everything when it came to forming our company,” says Rodriguez. “With my MBA and Enrique’s master’s degree in taxation, our skill sets cover accounting from different areas of specialization.”

“Being alumni from well-known programs at DePaul makes a strong statement about our background and abilities,” says Lopez. “Our degrees serve as a representation of professionalism and having a desire to provide the best services possible.”

Both Rodriguez and Lopez remain close to their alma mater through alumni associations at DePaul, including Ledger & Quill, the alumni and friends organization at the School of Accountancy and MIS.

Rodriguez, a first generation student from Puerto Rico, also provides financial support through scholarships to help first-generation and international students pay for school. “I have a lot of empathy for students starting from the bottom as first generation students,” says Rodriguez. “It is important to support future graduates from DePaul, so they can carry on the tradition of excellence.”

DePaul Alumni Among Executives Enhancing Student Learning

Harry Kraemer, an executive partner with Madison Dearborn Partners and former CEO of Baxter International Inc

Harry Kraemer, an executive partner with Madison Dearborn Partners and former CEO of Baxter International Inc., is one of many executives who come to the classroom to help DePaul students learn business.

It’s been four years since Nate Muszczynski (BUS’11) was a student at the Driehaus College of Business, yet he’s just as recognizable now at the Loop Campus as he was back then. That’s because the category manager at Walgreen Co. frequently visits undergraduate classes as a guest speaker, enhancing the learning of current DePaul students with his real-world professional experience.

“I keep going back into the classroom because I want to help develop the program,” says Muszczynski, who presents real case studies from his company to help students learn.

Participating in class throughout the years has also gained Muszczynski networking opportunities. He began to meet other professionals in his industry who were also working with DePaul faculty to help students learn.

“Returning to the classroom,” says Muszczynski, “has kept me connected with others in my industry.”

Giving Back and Networking

It may seem unusual to label guest lecturing as a networking opportunity, but Muszczynski’s experience isn’t uncommon. Many DePaul alumni and executive guest speakers who live and work in Chicago are engaged with the business school. In fact, a recent survey of DePaul business faculty found that 99 percent have at least one outside speaker visit their classrooms and 62 percent of faculty members integrate a project involving external resources into their class curriculum.

Thanks to the business faculty’s strong emphasis on professional, career-focused lessons, DePaul University’s vast network of business alumni and the business school’s prime location in downtown Chicago, DePaul business students experience learning in a practical way. This includes a key component—business executives in the classroom.

Beyond Guest Lectures 

Business leaders’ interactions with DePaul students go beyond guest lectures and networking dinners. Executives, many of whom are DePaul alumni, participate by providing students real-world examples of what they read about in textbooks. In fact, many students focus their class activities on actual business issues faced by some of the nation’s top companies.

In fact, 64 organizations, nearly all Fortune 500 companies based in Chicago, work with the Department of Marketing and Center for Sales Leadership to help guide the curriculum, direction and outcomes for the college’s sales management and marketing programs.

The collaboration goes beyond guest lectures and presentations. DePaul business students get firsthand knowledge of how some of the largest companies make sales and marketing decisions. Working on live case studies offers DePaul business students a 360-view of how the sales process actually works. Students learn from major players who manage billions of dollars in retail transactions nationwide.

“We work in a unique way,” says Daniel Strunk, executive in residence and managing director of the Center for Sales Leadership. “In our classes we use live data – data that is current and real. What’s even more unique is that we are always working on a business problem that affects both our manufacturing and retail partners.”

Executives Enhance Textbook Learning

Having executives involved in classes has a profound impact on students that can’t be replicated by textbook learning and traditional lectures alone, says Lamont Black, assistant professor of finance at DePaul’s Driehaus College of Business.  “Executives can answer questions in ways that I can’t, and they can give students insights that I don’t have. They’re the experts—they work in these careers and make these decisions everyday.”

By Ovetta Sampson

Team Player Malik Murray Scores Finance Success

Malik Murray (BUS ’96, MBA ’04)
Growing up in Chicago’s South Shore neighborhood, Malik Murray (BUS ’96, MBA ’04) knew there was no question that he would attend college. His mother, who is now a retired school principal, emphasized education. But like his father, who is now a judge, Murray had a gift for playing basketball.

“It was crystal clear that academics and athletics were not mutually exclusive,” says Murray. “So at a young age I learned to balance both.”

Murray received a basketball scholarship to DePaul. Right away he began working on his future on and off the court. He thought that included the NBA, but he soon decided to take another path.

As an undergraduate finance major at DePaul, he interned at the Chicago Mercantile Exchange, where he met DePaul alumnus Brett Burkholder (BUS ’83). Burkholder, an eighth-round NBA draft pick, never played in the league. But he found success as a trader in the Eurodollar pits at the CME.

A risky and competitive environment, the Eurodollar trading arena was known as a haven for former college athletes with heads for business. Meeting Burkholder transformed Murray’s life.

“Even though there weren’t a lot of blacks there, there were a lot of athletes, and I was instantly comfortable,” says Murray, who focused his early career on Eurodollar trading. “Brett told me that I could work in finance and make an NBA salary. He explained to me that my career doesn’t have to end if I don’t play in the NBA.”

That revelation focused Murray’s mind. He thought back to the time he was eight years old and he ran his own lawn business. He had 20 houses and made $200 a week. He realized he had a head for business and a talent for teamwork. Both would serve him well in the finance industry.

Investing in the DePaul MBA

While other juniors and seniors were partying, Murray was riding the el downtown to Chicago’s financial district. There, his worldview changed.

“Just taking the train from the Lincoln Park Campus to downtown with people who were already working in finance was a powerful experience for me,” says Murray. “It changes your mindset. I think it’s significant that the Driehaus College of Business is located downtown. It’s just a great opportunity to marry the academic view with the practitioner’s view.”

His senior year, he took a capstone class that allowed him to work in the futures market at First Chicago Bank, now part of JP Morgan Chase. At the end of the year, they offered him a job. Thoughts of the NBA faded in the wake of his newfound career in finance.

For his MBA, Murray applied to all the major business schools, but chose DePaul. He had a strong connection to the professors he’d met during his undergraduate years, and he wanted to invest in his education with people who had invested in him.

“I jokingly say that I was so impressed with DePaul that I paid for my education the second time,” Murray says, laughing. “Ultimately, it was the best decision for me to get my MBA here. When you go to DePaul and then you go to the real world, the transition is a lot smoother. The internships, the project work, the professors who advise and mentor you, all play a part in your success outside of academics.”

Showcasing Vincentian Values

Earning an MBA increased Murray’s finance career opportunities immensely. He landed a job at Ariel Investments, the largest black-owned firm in the nation. Now in his 10th year at Chicago-based Ariel, Murray’s job is to convince money managers with billion-dollar funds to turn them over to Ariel for investing.

But even as he works with high-dollar value accounts, Murray makes time for his community. He sits on the board of his high school alma mater, St. Ignatius College Prep, where he helps manage the school’s multi-million-dollar endowment.

He helps with the Ariel Community Academy, a public school sponsored by his employer. In addition, he works with Joel Whalen, associate professor of marketing, to advise DePaul student basketball players about the importance of soft skills and image. Last summer, he also shared his experiences with teens enrolled in the Financial Literacy and Leadership Institute, a summer education program hosted at DePaul and sponsored by the Chicago Housing Authority and BMO Harris.

Murray, who recently completed the Leadership of Greater Chicago Fellowship program, hasn’t forgotten his path to achievement.

“I am the beneficiary of lots of help,” Murray says. “I won’t ever be able to directly repay my parents, family, professional colleagues or teachers at DePaul for investing in me, but I can definitely use my gift to help someone who is trying to get to my position or beyond.” ​

By Ovetta Sampson

Economics Alumni Chart Career Paths in Analytics

Timothy Fox (MS ’14)

Timothy Fox (MS ’14), an analytics consultant, says his MS in Economics and Policy Analysis degree has helped him to “harness the problem-solving horsepower of economics.”


Four years ago forecasters predicted
the market for big data analytics would grow to $16 billion by 2015. Their prediction was correct, but the growth rate was not. Now the projected growth is $125 billion.

This jet-fueled growth in the data analytics market is creating an epic job shortage to the tune of 140,000 to 190,000 a year, according to one study.

This is an alarming challenge considering that researchers estimate American businesses lose $600 billion annually because of “dirty data.” Too few people are being trained to extract, analyze and communicate big data sets. But DePaul business alumni are discovering a successful path into this hot job market from an unlikely place—the Department of Economics.

Alumni Praise Program’s Effectiveness

Data was once the domain of computer techs who wrote sophisticated mathematical formulas to turn behavior into numbers. Now, with industries collecting data on hundreds of millions of people, businesses are desperate to take those huge numerical data sets and turn them into revenue. Organizations use data to decide everything from whether to sell chocolate-covered cherries in New England in March or to ship their retail kayaks from China or Reno, Nev.

At this crossroads of quantifying human behavior and qualitative analysis, the economics discipline is emerging on the big data analytics landscape. DePaul University business alumni say the university’s Master of Science in Economics and Policy Analysis​ degree program provides critical courses that are helping them succeed in their current predictive analytics jobs. With classes in econometrics, research methodologies, data inspection, advanced statistical modeling and forecasting, the program teaches the necessary skills to decipher data, giving alumni advantages over peers in the industry.

“What I learned from the program is how to solve problems,” says Matt Frankland (BA ’08, MS ’11), a forecast analyst at REI Merchandising in Seattle. He uses data analysis to help his managers make kayak-shipping decisions. Frankland was one of the first graduates of the program, and he previously worked as a data analyst at Walgreens in Chicago.

“DePaul’s program taught us how to set up a problem, and how to solve it with the information we have,” Frankland says. “With large data sets many people suffer from analysis paralysis. You have so much in front of you, it’s difficult to know where to stop. But at DePaul we learned to focus on the key metrics: What problem am I trying to solve? What do I need to solve that problem? And how do I get there?”

Program Teaches Skills Used Daily 

Tim Fox (MS ’14), an advanced analytics consultant at Chicago-based West Monroe Partners LLC, says at his job it’s rare that analysts receive a nice, clean data set to explore. Most of the time, data is buried among different sources, and analysts have to collect, clean up and prepare data before even beginning to analyze it.

The MS in Economics requires students to learn and use Stata, a data analysis and statistical software tool used by industry leaders. In addition, students become well versed in pairing data analytics software with familiar office tools such as Microsoft Excel. The result, Fox says, is that the program makes graduates adept at not only analyzing data, but also communicating what is discovered into actionable items.

“DePaul’s program allows you to be flexible with how to learn economics, as well as providing opportunities to take additional math and statistics classes so that you learn the different skill sets that are required to really harness the problem-solving horsepower of economics,” says Fox.

Economics Degree Offers Great Job Prospects

Forbes.com recently called the MS in Economics one of the top 10 degrees for today’s job market. DePaul’s MS in Economics is unique because it goes beyond the scope of focusing on government and business allocation of resources to include a rigorous analytics component that offers students practical statistical and data analysis skills used by myriad industries and fields.

“We knew that there were jobs waiting for students who had the right blend of a deep understanding of economic theory and the ability to apply that knowledge to real-world situations,” says Thomas Donley, chair of the Department of Economics at the Driehaus College of Business. “That’s why this degree was created.”

Both Fox and Frankland say completion of the program allowed them to flourish in their careers and also blossom in life.

Frankland laughs as he remembers the 19-year-old version of himself wondering the halls of DePaul trying to figure out what to do with his life. A local skateboard celebrity in Chicago, his future was as uncertain as his next gig. After taking economics courses, a path began to unfold. He credits DePaul’s professors with taking a chance on him and pushing him to achieve for his current success.

“They told me you have a lot of potential and you could be really good at this if you worked hard,” Frankland said. “DePaul has the most wonderful professors in the economics department. I owe them so much. They care so much about getting you through the program and making sure you work hard and that you find what you want to do when you’re done. If I had not ended up within the economics department, I wouldn’t be where I am today.”

By Ovetta Sampson

DePaul Alumna Creates Path to Shape Future Leaders

Corliss Garner (’96 BUS)Corliss Garner (’96 BUS) relished her years as an undergraduate studying finance at DePaul University. Garner, senior manager of Diverse Markets and Community Affairs at BMO Harris Bank, says the opportunity to work full time while attending a well-respected university in the heart of downtown Chicago was a gift. Yet, after graduation, she drifted away from her alma mater.

But in 2008, when a colleague at her bank mentioned an opening on the advisory board for DePaul’s Coleman Entrepreneurship Center, Garner seized the opportunity.

“Becoming a board member at the Coleman Center reintroduced me to DePaul,” says Garner. “I learned a lot about what was happening at DePaul, including about the entrepreneurship program, as well as other programs at the university.”

During her time with the center, Garner worked with Scott Young, chair of DePaul’s Department of Management, and several other professors, academic staff members and civic leaders. She says she was impressed by DePaul’s commitment to entrepreneurship, leadership and diversity.

When officials from the Chicago Housing Authority approached Garner about potential institutions to cohost the CHA’s summer leadership and financial literacy program for high school students, Garner instantly thought of DePaul and Scott Young, she says. “I knew about DePaul’s commitment to leadership and management and I thought they could lend some value to the CHA’s program.”

Hosted by the college’s Department of Management, taught by DePaul faculty, sponsored by BMO Harris Bank and coordinated by the CHA, the Financial Literacy and Leadership Institute held at the Driehaus College of Business in July offered teens who live in CHA housing a breadth of knowledge. The program featured skill-building lectures, field trips to financial institutions such as  the Federal Reserve Bank of Chicago, and guest speakers that included Stedman Graham, chairman and CEO of S. Graham & Associates, and John W. Rogers, Jr., CEO of Ariel Capital Investments LLC. The program culminated with a formal graduation and luncheon.

More than 300 students applied to the program, and the students selected were chosen based upon their academic achievement and leadership potential. They were also paid for their participation, thanks to a generous grant from BMO Harris Bank.

Garner says CHA officials have been singing the praises of the program and DePaul’s commitment to it.

“The feedback has been phenomenal,” Garner says. “They were really impressed with the DePaul faculty who worked with the kids over the summer. I received nothing but great feedback and when I attended the wrap session and heard the students present. I was thoroughly impressed.”

Garner said she is looking forward to next year’s program and seeing the relationship deepen between DePaul, the CHA and BMO Harris.