The Graduate School of Management is now offering a new Master’s degree in Business Analytics. The Master of Science in Business Analytics program has admitted its first cohort of students this semester. McKinsey Global Institute notes United States faces a shortage of 140,000 to 190,000 employees with analytical expertise and 1.5 million managers with skills to understand and make decisions based on the analysis of big data. U.S. Bureau of Labor Statistics predicts 950,000 jobs in business analytics will be added by 2023.
The new 33 credit-hour graduate program prepares students for careers in data analysis, business decision making, data mining and strategic management. The core courses discuss fundamental skills in business intelligence, data mining, databases and statistics while the five concentrations in Marketing, Finance, HealthCare, Operations and Information Security Analytics offer students to specialize in their fields.
All core courses and concentrations (except Financial Analytics) are offered online as well as 8-week on-campus formats. The program is designed to offer hands-on experience with the state-of-the-art data mining and business intelligence tools with small interactive classes. As one of the most affordable Business Analytics graduate programs in the region it offers flexible curricula for busy professionals.
New faculty member, Dr. Jeffrey Trask serves as a board member for the Christian Community Development Association (CCDA) and attended his first meeting on a recent trip to Raleigh-Durham, North Carolina. CCDA is a national organization that networks all over the country to work for the poor, low income and disenfranchised to develop houses, employment, education, health care, drug rehabilitation, financial, legal and other assistance. Prior to becoming a board member and faculty member for the College of Business, Dr. Trask served the past two years in the Finance Committee at the CCDA.
Ever wondered how the Las Vegas Convention and Visitors Bureau, Zappos world headquarters, Hoover Dam, Ethel M Chocolate Factory and other successful business in the Vegas area stay afloat? The answers may be found in an upcoming study trip to Las Vegas which will count as 1 credit toward a College of Business seminar and the equivalent for a course in the Arts and Sciences with hopes to attract students from all majors. Professor Robert Bergman will lead the study trip during spring break in order to provide real-life lessons in Business, Science, Technology, Sports and Entertainment through observations, examinations and interactions of casino basics, statistical reality of why “Vegas wasn’t built on winners” and how Vegas attracts convention business from around the world. Students will also learn how Zappos became a multi-billion dollar online retailer while having the opportunity to work on research projects that may end up published. Based on all the exciting entertainment created from all the hard work through business, art, science, math and technology, it’s no wonder why people travel from all over the world to the “city that never sleeps”.
Dr. Frank Rose, Professor of Finance and Mr. Iyad Rock, Graduate Assistant to the College of Business presented “A Tale of Two Walls” along with Dr. Jennifer Buntin, Assistant Professor of Sociology. The presentation was on Thursday, September 11th in the Academic Building. Mr. Rock’s presentation raised awareness about the wall that divides Israel and Palestine, while Dr. Buntin’s presentation raised awareness about the border wall between the United States and Mexico. Mr. Rock explained that the wall is all around the west bank. Depending on where you stand, some call it separation barrier while others call it security fence. The international community condemned the practice of building the wall by the Israeli government. Barrier supporters state that it protects Israel from terrorist attacks and opponents argue that it creates new borders, disrupts lives, and restricts commerce and economic development. The presentation was part of Lewis University’s Peace Teach-In, “Responding to Violent Times”, which draws attention to injustice in the world.
The College of Business faculty continues to cover business cases relating to core values in order to embrace the Lewis University Mission. Faculty will be integrating even more ethics and catholic values while teaching at least one business ethics case in their class. We designate the week of November 3rd as Business Ethics Week, where faculty will discuss a business ethics case relevant to the subject being taught. Dean Khasawneh used a fine example when he stated that values should be placed before getting rich and professors incorporate lectures with relative topics to demonstrate the importance of business ethics. It is critical for students to learn about ethics in every course in order to become ethical leaders within their academic and management careers. This will help shift the focus of business education to advance the company’s bottom line to higher standards of business ethics.
COB faculty members Robert Bergman and Patrick Griffin were nominated to participate in the “Ice Bucket Challenge” to raise awareness and money for ALS (Amyotrophic Lateral Sclerosis) also known as Lou Gehrig’s Disease. ALS is a progressive neurodegenerative disease that affects nerve cells in the brain and the spinal cord, patients in the later stages may become paralyzed. The ALS Foundation utilized social media with the help of everyday people challenging their friends and family through videotaping the act of pouring ice water over themselves to generate ALS awareness. The video of these assistant professors participating can be seen on Mr. Bergman’s Facebook page or through the YouTube link at https://www.youtube.com/watch?v=W6VjyXmx9MU.
The College of Business (COB) is pleased to welcome these new faculty members: Dr. Wei Chen, Dr. Jim Krejci and Dr. Jeffrey Trask.
Dr. Chen earned his Ph.D in Economics and M.S. in Statistics at Northern Illinois University. His academic interests include labor economics, microeconomics, econometrics and financial economics.
Dr. Krejci earned his Doctorate from Nova Southeastern University and MBA from St. Xavier University. He was the Vice President of Quality at Lovejoy, Inc. and has over 40 years of experience in manufacturing management with Lovejoy, Global Gear and Navistar.
Dr. Trask is an Assistant Professor of Healthcare Management and holds a Doctorate in Philosophy in Community Health with a specialization in Health Policy from the University of Illinois at Urbana-Champaign. He also taught various healthcare courses at Ashford University, the University of Illinois and Lincoln College.
Dr. Frank Rose of the finance department recently led a group of students on a trip to CME Group to speak with alumni who are now working in the financial sector and learn more about what career opportunities it holds. In total twelve students were able to visit and learn about the trading of commodities and the behind the scenes operations of the financial sector. They met with alumni Shane Burke, Lead GCC Analyst at the CME Group; and Dan Lewis, trader at the Transmarket Group. One of the students in attendance Mike Trizna said “I had an absolute blast. It’s also great to see Lewis students achieving success in the world of Finance with such a competitive job market.”
In recognition of Lewis University’s efforts to provide veterans with a quality education and an ideal learning environment, Military Times has listed us as #37 in their rankings of the top Business Schools for Veterans. The Military Times Best for Vets distinction is meant to “recognize and reward Business Schools for their commitment to providing opportunities to America’s veterans” –Military Times. They consider over a dozen measures of academic success, quality, and rigor when making their decision. This is Lewis University’s first time making the list of 64 schools, and signifies a continued effort on the part of the College of Business to provide real world benefits and year over year improvement to all of its students.
Lewis University has been listed as a University Program Partner with Trading Technologies International, Inc. Trading Technologies University Program is a way for the software developer to work with schools to provide students with a real world, data driven education that builds on the lessons students learn from textbooks. Trading Technologies provides partner schools with software and expertise to guide students in simulated trading environments, “allowing students to learn about and experience trading and risk management using the same tools and market data as professionals.” This program is utilized by Dr. Frank Rose of the Finance Department in teaching his Advanced Derivatives Two graduate course. There are currently more than fifty schools involved in the program, from ten countries. Some other notable Universities that have partnered with Trading Technologies include Northwestern University, John Hopkins University, Purdue University, Tulane University, The University of Chicago, and the Illinois Institute of Technology.