Here in the United States of America, we are all living under a deeply disturbing cloud.
Its origins go far back, but it has grown more ominous with the onset of the COVID-19 crisis, and more troubling with the tragic and unacceptable death of George Floyd and other Black Americans.
Racism is real. And while it affects many people, it is a particular burden for the Black community, and that is as apparent now as it has ever been.
All the data clearly show that COVID-19 has had a disproportionate impact on Black Americans, and then add to that the killing of George Floyd, Ahmaud Arbery, Breonna Taylor, and far too many others.
The injustice of racism is not just an issue for our university, it is also one for our business school. It is an issue we may cautiously have acknowledged in the past, but not one that we have truly taken on.
Of course we must support our students who experience racism, and at the end of the day, only they can say if we have.
But we also have to make the challenges of racism in our society part of the educational experience for all our students. It has to be in the curriculum in an intentional and systematic way.
We are not doing that as of now. Some business courses and some business faculty may expose some business students to how systemic racism influences business systems, policies, and operations, but it is not happening for all business students.
That needs to change, and making that change is staying true to the legacy of Jesuit education and the history of Seattle University. Albers will make this a priority over the next year and beyond.
We cannot allow the uncertainty of COVID-19 to distract us from that effort. However we emerge on the other side of the pandemic, it will only have been worth it if we can say we are taking on the issue of racism in our society.
These are troubling times and the emotional toll is too high for many of us. We must support those suffering injustice and commit ourselves not only to acknowledging change is needed, but to ensuring change happens.
I invite all students, faculty and staff to join with me as Albers addresses the issue of racial justice.
Joseph M. Phillips
Dean, Albers School of Business and Economics
In response to COVID-19, the Albers Summer Business Institute (SBI) has been moved to an online platform for Summer 2020. Applications are being accepted until May 30, 2020. The program will run from July 5 to July 10, 2020.
SBI provides rising high school sophomores, juniors, and seniors an introduction to business through a program focused on social entrepreneurship. Young scholars learn the foundations of marketing, data visualization, business law, management, economics, and accounting while gaining exposure to being a student at Seattle University. Throughout the week, student teams develop a social venture and pitch it to a panel of investors.
Participants will be able to connect with like-minded young leaders from across the country during the program. Students can choose to participate in a one-week, two-week, or three-week experience which includes both hard (e.g. technical) and soft (e.g. leadership) skills. Students earn two college credits for completing SBI.
With the move to a digital platform, SBI can now accommodate more than 120 student seats. Tuition costs $450 with a deposit of $50 if accepted into the program.
Seattle University plans to provide full scholarships to at least 50% of the student participants. The criteria that will be used for determining scholarship eligibility are:
For prospective students navigating graduate application during the COVID-19 pandemic, the Graduate Record Examinations (GRE) and graduate management admission test (GMAT) requirements will now be optional for anyone applying to a non-law graduate program in the 2020-21 academic year.
Applicants are still encouraged to submit a GMAT or GRE when possible. Choosing to include these scores can make applications more competitive and gives the admissions team more information about applicants.
Albers retains the right to recommend submitting a GMAT or GRE score on a case-by-case basis, in order to assist in the admissions decisions process.
Testing agencies are working to provide alternatives to site-based testing. The latest information is below and will be updated as situations change.
Educational Testing Service (ETS), owner and administrator of the GRE, launched the GRE General Test at Home in most areas except mainland China and Iran with plans to expand to these markets.
This GRE will be a proctored online version of the test, administered in a test user's home. Additional information about this new test option and updates on testing center closures, postponements, and rescheduling are available on the ETS website's COVID-19 page.
The Graduate Management Admission Council (GMAC) that conducts the GMAT has opened up registrations for the GMAT Online exam, an interim alternative to the test center GMAT.
Appointments are available for test dates as early as April 20, 2020, and extend through June 15, 2020. Candidates can schedule appointment times 24 hours a day, seven days a week, allowing for greater flexibility during an evolving situation.
More information is available on GMAC's online GMAT web page.
Seattle University's Graduate Admissions team will be auditing its files and reaching out to current and potential applicants regarding these changes. Please contact your Graduate Admissions Counselor or email Graduate Admissions to discuss the new policy and how it relates to your application.
17 March, 2020, WA - Albers' Executive MBA and graduate programs in Accounting and Business Analytics were ranked in the top 25 across the country in the 2021 U.S. News Best Graduate Schools Rankings, which were released today.
In the West Coast, Analytics was tied for third, Executive MBA came in 4th, while Accounting was tied for 4th place.
Each year, U.S. News ranks professional school programs in business, education, engineering, law, medicine, and nursing, including specialties in each area.
The Best Graduate Schools rankings are based on two types of data: Expert opinions about program excellence and statistical indicators that measure the quality of a school's faculty, research, and students.
Albers' Executive MBA and Online MBA were ranked #78 and #57, respectively, in the recently released 2020 Global MBA Rankings of CEO Magazine.
CEO Magazine has been showcasing top business schools from around the globe since it first launched in 2008. In 2012, the publication launched its annual Global MBA Rankings, profiling MBA, Executive MBA, and Online MBA programs.
This year, CEO Magazine reached out to business schools across North America, Europe, Australia, New Zealand, and the BRICS (Brazil, Russia, India, and China), and received data from 161 schools, offering 303 different programs in 27 countries (77 online, 87 EMBA, and 139 full-time and part-time MBA programs).
The complete rankings can be viewed in the latest edition of CEO Magazine, or on the magazine's website.
Albers welcomed back Costco founder Jim Sinegal who flew in from California on March 2 to do a guest lecture at Associate Professor Rubina Mahsud's International Business class.
Sinegal regaled the class with the story of how he started the retail giant with his partner, Jeffrey Brotman, highlighting the original business plan they created in 1983. Reflecting on Costco's track record, he spoke about how their 'fantastic employees' were an integral part of the company, and a key strength in its continued success. He also shared Costco's core values, which are:
Mahsud later gifted Sinegal with an Arjac shawl from the ancient city of Multan, Pakistan. The pattern is block printed by artisans using 3,000 year-old designs. Sinegal proceeded to wear it in the group photo above, taken by student Jaidev Vella.
Maneet Gohil, CEO and co-founder of Indian artisan e-commerce portal Lal10, has been chosen as the 2020 Seattle University Entrepreneur in Residence. The program is a collaborative effort between the Albers School and Upaya Social Ventures.
New Delhi-based Gohil was included in Forbes India's '30 Under 30' list in 2019, and he has also spoken at TedX. Read more about Gohil and the Entrepreneur in Residence program in our Global Business program section.
Pivots are challenging for any business, but they can also be incredible learning opportunities.
Manny Medina, CEO of sales engagement platform Outreach, recounted at the last Executive Speaker Series on February 22 how the company successfully navigated its pivot six years ago and grew the business into what is now a $1.1 billion unicorn.
Originally a recruitment platform, Outreach segued into a business that manages all customer interactions across email, voice, and social, and leverages machine learning to guide reps to take the right actions. Read more about Medina's insights from the pivot on the Dean's Blog.
The next Albers Executive Speaker Series guest on Wednesday, April 22, is John Burke, CEO of Trek Bikes. The event is free and open to the public.
Claus C. Portner, PhD, Albers' Associate Professor for Economics and the current holder of the Robert D. O'Brien Chair of Business, has been selected as the Howard J. Bosanko Professor of International Economics and Finance for 2020-23.
Portner teachers courses in statistics, micro-economics, and international economic development. His research has been international in scope, and he will use the professorship to sharpen his teaching and research focus on sub-Saharan Africa. His publications have appeared in distinguished outlets such as Demography, Economic Development and Cultural Change, the Journal of Development Economics, and the Review of Economics and Statistics.
Management professor Jennifer Marrone, PhD, has been selected for the George Albers Professorship for 2020-23.
Marrone is well known as an outstanding teacher at both the undergraduate and graduate levels. In scholarship, she has published in some of the top journals in her field, such as the Academy of Management Journal, Journal of Management, and Group and Organization Management. She has also co-authored several articles with students and has nearly 3,000 citations of her work.
Albers alumnus Leo Hindery, Jr. is one of 25 business school graduates honored by AACSB International (AACSB), the world's largest business education alliance, as the 2020 Class of Influential Leaders.
The annual challenge recognizes notable alumni from AACSB-accredited schools whose inspiring work serves as a model for the next generation of business leaders.
Hindery currently serves as Chairman and CEO of Trine Acquisition Corp., a NYSE-listed special purpose acquisition company that went public on March 15, 2019. Formerly chairman of the National Cable Television Association and of C-SPAN, Hindery has been recognized as one of the cable television industry's 25 Most Influential Executives Over the Past 25 Years and one of the 30 Individuals with the Most Significant Impact on Cable's Early History.
Hindery has long been an advocate for business ethics and the positive role that business can play in society. In this regard, on June 3, 2019, he published an opinion piece, 'How America's Business Leaders Lost Their Way', in The Washington Monthly.
Previously he published two books, The Biggest Game of All and It Takes a CEO, where the themes of appropriate business conduct were explored at length. Hindery has frequently spoken to groups of business school students, including in the Albers Executive Speaker Series at Seattle University, and recently to a group of Jesuit business school deans on the topic of business education.
Now in its fifth year, the Influential Leaders challenge has recognized more than 200 business school graduates for creating lasting impact in business and society. For more information on the program, visit the 2020 Influential Leader Honorees page on AACSB.
Winners of Seattle Business magazine's 2020 Executive Excellence Awards program, sponsored by Albers, were announced at a gala last January 23rd at the Museum of Flight. The program is a premier C-suite leadership event that recognizes Washington executives who have demonstrated extraordinary, consistent leadership in guiding their organizations to success.
Lifetime Achievement Award: Tom Alberg, Co-founder and Managing Director, Madrona Venture Group
Executive Excellence Awards:
Can a business be profitable and still do the right thing by its customers? Accolade CEO Raj Singh shared his reasons for why it can be so at the most recent Albers Executive Speaker Series last January 22nd.
Singh’s chosen topic was ‘Wanted: Contrarians, Disruptors, and Do-gooders’. According to him, ‘Mission based companies are poised to disrupt entrenched incumbents by doing the right thing for consumers and their communities while building a profitable, growing business. This is the new world.’
Singh is one of the Pacific Northwest’s most successful entrepreneurs, from co-founding and co-leading Concur for more than two decades to designing and managing a strategic growth plan for healthcare advocacy company Accolade beginning in early 2016. Last year, he was named EY Entrepreneur of the Year in the Innovator category.
Madeline Haydon, Founder and CEO of nutpods, a plant-based creamer with an online cult following, was the featured guest at the second Founder Friday held last January 24th at ATLAS Workbase.
Haydon's fireside chat topic was 'Raising Capital at Every Stage -- from Crowdfunding to Private Equity'. She launched her company in 2013 while earning her MBA at the Albers and placing as a finalist in the Harriet Stephenson Business Plan Competition run by Seattle U's Innovation & Entrepreneurship Center.
Haydon and her husband, nutpods CFO Geoff, launched nutpods with a Kickstarter campaign in 2013 and brought the product line to market on Amazon in 2015, where it quickly became the #1 bestselling alternative creamer. After growing by 250% in 2018, nutpods raised $33 million in private capital funding the following July to expand its online presence.
Poets&Quants for Undergrads has ranked Albers among the top 5 undergrad business schools in the Pacific Northwest. Now in its fourth year, the ranking's methodology 'was balanced equally across the three categories of admissions standards, the academic and co-curricular experience as measured by alumni, and employment outcomes.'
A comprehensive article on these rankings can be found on the P&Q Undergrad site.
Jun Duanmu, currently on the faculty of Louisiana Tech as the Chase Bank Endowed Assistant Professor of Finance, will be joining Albers in the fall as Assistant Professor of Finance.
Duanmu teaches primarily financial management and investments courses. His research often focuses on hedge funds and he has publications in the Journal of Financial and Quantitative Analysis and the Financial Review. His master’s degree is from Arizona and his PhD is from Arkansas. He also served as the department’s liaison with the CFA Institute.
Albers' Executive MBA students were invited last December 14th to a presentation on leadership by Alan Mulally, former President and CEO of both The Ford Motor Company and Boeing Commercial Airlines.
Mulally is a senior fellow for the Center for Leadership Formation (CLF) in the Albers School, and provides his time and expertise to the Center, including a once-a-year presentation to ELP/EMBA students.