Dr. Bora Ozkan, Director of the Capital Markets Room (CMR) at the Fox School, was invited to speak at the Bloomberg Education Speaker Series, held in July in San Francisco. Ozkan shared his experience incorporating Bloomberg into the courses he taught over the last four years at Temple University. The university utilizes CMR in various ways including hosting classes and workshops, and raising funds from businesses and Fox School alumni.

Another feature that sets the Fox School apart is the Capital Markets Room. CRM is a mock trading room and simulation lab that boasts 50 computer stations with a subset of the stations configured as Bloomberg Professional terminals. Additional data access and insights are provided through FactSet Research Systems, Capital IQ, and Thomson Reuters’ Eikon. Specialized software programs, such as SAS, Stata, Matlab, JMP, and Crystal Ball are also available in CMR. The Fox Fund and Owl Fund spend a majority of their time in CMR doing market research, pitching exercises, and monitoring their progress. Not only do organizations use the room, but also the Vanguard ETF Trading Competition, University Trading Challenge, Prudential Stock Competition, and Prudential Excel Workshops are held in CMR each year. These events spotlight CMR and attract business and alumni donations to the Fox School. Last year, the Charles Schwab Financial Planning Center was brought to Alter Hall because of CMR’s success.

The Bloomberg Institute creates the future of financial training, partnering with industry-leading financial institutes and key decision makers. Bringing to the forefront tools, news, and data to students and universities.

A catalyst for the continued positive trajectory of the Department of Finance, Dr. Ozkan was recently awarded the Superior Faculty Advisor Award from the Financial Management Association International. “We nominated Dr. Ozkan because of his dedication to not only the organization, but also the members,” said Robert Klein, president of the Financial Management Association. “Dr. Ozkan has opened many doors for the organization, which was one of main reasons FMA increased its membership to around 160 active members this past academic year.”

The Department of Finance congratulates Ozkan on his accomplishments and contributions to the Department. To view his presentation, please click here.

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The Department of Finance is pleased to welcome Yue Qiu from University of Minnesota, Tilan Tang from Clemson University, Rudy Yaksick from Wenzhou-Kean University, and Justin Vitanza from University of Rochester.

Read more about the new faculty here.
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Senior finance major Anthony Merola is no stranger to success. He has accomplished a variety of impressive feats within the Fox School and beyond. Through his involvement in student professional organizations and landing highly competitive internships, his contributions to Temple University are truly remarkable and have awarded him prestigious scholarships.

Merola decided to major in finance based on a strong interest in financial markets and a desire to work in an investment related role. He wanted to get a real-word classroom experience from a distinguished faculty who all have had years of experience in the industry. Through the Fox School’s diversified curriculum, he was exposed to industries other than finance and received a unique global business perspective.

Merola is heavily involved on and off campus. This year, he is serving as the chief investment officer of the William C. Dunkelberg Owl Fund, a $500,000 long-only equity student-managed investment fund, after being involved in the organization since he was a freshman. What initially drew Merola to the Owl Fund was the competitive edge it provides in order to prepare students for a smooth transition into the workforce.

In addition to the Owl Fund, Merola served as the president of Temple University Investment Association (TUIA) from 2016-2017. He interned for companies such as Raymond James Financial, JP Morgan Chase & Co, and Aberdeen Asset Management.

Academically, Merola excels and proves himself to be a hardworking and driven student. He earned a number of scholarships for his academic achievements, such as the Fred E. Kemner Scholarship and Jay Lamont Scholarship. In addition, he has been on the Dean’s List multiple times throughout his college career.

Merola’s outside interests include American and World history; he enjoys watching documentaries to learn more about history in his free time. Merola will graduate in the Spring of 2018 with high honors. He will then begin work as a full-time fixed income analyst at Aberdeen Asset Management.

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Downtown Skyline of Philadelphia, Pennsylvania at twilight

In September, Amazon announced its plans to construct a second headquarters in the United States. Cities across the country are desperately bidding to be the host with hopes of bringing in new sources of revenue and grow local job markets. With dozens of cities already drafting proposals, where does this leave Philadelphia?

When it comes down to Amazon’s wish list, Philadelphia fits the mold. Among other things, Amazon is looking for a city with a population of at least one million, access to mass transit and an international airport, and an educated workforce.

Peter Chinloy, finance professor at the Fox School, sees Philadelphia’s potential to be a prime destination for the new hub. “The company is targeting up to 50,000 people to be employed,” Chinloy weighs in. “Amazon is an extensive employer of skilled workers, accounting for 20% of the office space in its Seattle base.”

When it comes down to the actual location, Philadelphia is offering three potential sites to Amazon. Two are located in West Philadelphia, near Drexel University and the University of Pennsylvania. One of the West Philly locations is the Schuylkill Yards project. The third location is in the Navy Yard in South Philadelphia.

A key advantage for Philadelphia is the rapidly growing millennial population, which accounts for most of the job growth in the state. Millennials aged 25-34 in Philadelphia are more likely to be homeowners, make more money, and earn more jobs than their older peers, thereby contributing substantially to the economy. This is a very inviting factor for Amazon, as they are advocating for job growth with the construction of a new headquarters.

According to the Bureau of Labor Statistics, the state added 50,000 new jobs between July 2016-July 2017, with Philadelphia accounting for 90% of them. “While Philadelphia continues to struggle with unemployment and poverty, there is an available workforce,” says Chinloy. “This could create opportunities in warehousing, distribution, and delivery.”

Proposals for Amazon’s second headquarters are due by October 19, 2017. Although cities across the country are competing to host the new location, it is safe to say that Philadelphia has a lot to offer Amazon and is a strong contender in the competition.

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Job hunting is a challenge for most people—but for ex-convicts transitioning back into everyday life, finding a job can be nearly impossible. Data suggests that over half of the men and women who return home after being released from prison are unemployed for up to a year. Many of the formerly incarcerated see self-employment as one of the only routes to earn a steady income without resorting to low-wage employment.

Dr. Charlotte Ren, a Fox School associate professor in the Strategic Management department, saw the challenges the formerly incarcerated face and created an integrated course that provides entrepreneurial skills to this underserved population. This year, Ren’s course, “The Social Entrepreneurial Approach to Community Reintegration,” was identified by the Academy of Management as one of the finest innovations in the area of entrepreneurship education and received the 2017 Innovation in Entrepreneurship Pedagogy Award.

Ren’s course is part of a larger, on-going initiative called the Penn Restorative Entrepreneurship Program (PREP), an initiative she founded in 2014. “At the core of this course [and PREP] is the idea of addressing societal challenges and transforming lives through knowledge creation and sharing by bringing together college students and members of disadvantaged populations,” said Ren.

The ten-week accelerated program brings together students from multiple disciplines and formerly incarcerated individuals for intensive training on the many ways of starting and running small businesses and social enterprises.

After completing the course, students from both the university and the judicial system will be able to understand major theories of entrepreneurship, acquire skills involved in designing and implementing social entrepreneurship programs, and also understand the nature and scope of community reintegration problems

The economic benefits of re-entry programs like Ren’s have been projected to make a significant impact. According to the Center for Economic and Policy Research, the U.S. economy lost between $57 and $65 billion in 2008 alone due to unemployed or underemployed ex-convicts. Through her course, Ren is helping to create opportunities for the formerly incarcerated to contribute to society and our economy in a meaningful way.

“I hope my course will inspire more faculty members,” Ren said, “both at the Fox School and across other schools and universities, to develop courses that apply their research and teaching expertise into addressing some of the pressing social issues in society.”

Learn more about Fox School Research.
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Healthcare in this United States is a lightning rod for debate. As Congress grapples with the future of the Affordable Care Act, the American people face uncertainty in medical care and costs.

To improve the efficiency, quality, and cost-effectiveness for patient care, hospitals have increasingly turned digital, using Electronic Medical Record (EMR) systems to store and share patient’s medical history. However, as the use of EMR systems increased, so did reported healthcare costs.

Since the adoption of the physician coding systems used to store and update EMRs in 2009, Medicare has experienced an estimated $380 million increase in reimbursements per year. Medicare accused hospitals of “upcoding,” or illegally overstating patients’ diagnoses and treatment, in an effort to receive a higher reimbursement. A 2012 study showed that hospitals in Utica, NY, and Nashville, TN, increased its patient reimbursement claims by 43% and 82% respectively after adopting EMR systems.

In response to this drastic surge in reimbursements, the Centers for Medicare and Medicaid Services conducted a pilot program, the Recovery Audit Program, from 2004 to 2010. Researchers at the Fox School partnered with researchers at McGill University to study how this audit program has been able to reduce illegal Medicare reimbursement claims, thus lessening the financial burden on American taxpayers.

Hilal Atasoy

The initial goal of implementing EMRs was to lower costs by reducing medical errors, over-testing, and re-admissions. But the findings of Dr. Kartik K. Ganju of McGill and Drs. Hilal Atasoy and Paul Pavlou of Temple University, confirmed that the adoption of the coding system is associated with an increase in Medicare reimbursements, particularly in the case of for-profit hospitals.

The research found an average of $217,745 in inflated reimbursements to Medicare per hospital per year, and even higher costs (nearly $370,000 in overages) at for-profit hospitals. After finding $693 million in overpayments by Medicare in six pilot states, the audit program was adopted nationwide in 2010.

The researchers looked into this “trillion-dollar conundrum” and found that the audit program successfully combated upcoding by using default templates and by identifying and removing cloned records of old patient that were erroneously copied into a new patient’s medical chart. After the audit became nationwide, the study found that it had corrected up to $2 billion in incorrect claims; yet for-profit hospitals were still reporting high reimbursement fees than their nonprofit counterparts.

The bottom line? While EMRs have enhanced coordination and information sharing, they also make it easier to report expensive and potentially inappropriate healthcare expenses.

As the first successful evaluation of the Recovery Audit Program, the researchers praise the work that has been done, but warn that stronger oversight by the government is still needed to combat ever-increasing costs, especially at for-profit hospitals.

Learn more about Fox School Research.
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When looking for a restaurant, bakery, plumber, or lawyer, you’re likely to visit sites like Yelp or Angie’s List to help make a choice. In fact, recent research shows that 78 percent of consumers in the United States will read online reviews prior to making a purchase or decision. Meanwhile, businesses can use these review sites to interact more directly with their customers, through tools like new owner response features.

How does this online interaction translate into real-world performance? Dr. Subodha Kumar, professor of Marketing and Supply Chain Management at the Fox School, conducted a study to find out.

Kumar examines the impact of the adoption of the business owner response feature within online review platforms in his paper, “Exit, Voice, and Response in Digital Platforms: An Empirical Investigation of Online Management Response Strategies,” which was accepted for publication in the Information Systems Research, an A-level journal.

Businesses that use the response features saw an increased number of mobile “check-ins” through sites like FourSquare and Facebook. Although the feature has been beneficial for businesses that use it, the key to consistent success resides in the need for companies to stay up-to-date with ways to connect with their consumers, both present and future.

“Overall, the new features supported through digital platforms will help businesses develop the right engagement strategy, improve consumer experience, and generate more reviews and consumer traffic, which will ultimately open more revenue generating opportunities for both the digital platforms and businesses,” said Kumar. This strategy will essentially drive higher website traffic and, if done well, enhance customer relations.

The study also found that use of the online response feature impacted the performance of nearby businesses. For example, in analyzing the performance of nearby restaurants in direct competition, businesses that directly engaged with customers online increased their number of check-ins, while businesses that did not use the features saw a decrease. This spillover effect suggests that businesses must be aware of how their neighbors and competitors are engaging with customers online in order to optimize their own digital strategies.

With the growth of mobile check-ins, social media, and online reviews, the research possibilities are evolving as well. “A future research direction is to examine which types of online management responses are more likely to attract consumers and enhance business performance,” said Kumar.

Dr. Subodha Kumar recently joined the Fox School. He will be a part of the Data Science Institute, an interdisciplinary body that connects multiple disciplinary perspectives to increase collaboration in the fields of computer science, math and statistics, and business knowledge.

Learn more about Fox School Research.
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The Executive MBA program at the Fox School continues to climb Financial Times‘ rankings.

The program improved six places to reach No. 12 nationally and jumped 17 spots to reach No. 56 globally according to Financial Times’ 2017 rankings of the world’s top executive MBA programs. This represents the Fox Executive MBA’s highest national ranking from the publication. The program also retained its No. 2 regional ranking. The London-based business news outlet has ranked the program among the top-20 U.S. programs seven times since 2010.

Financial Times also lauded the Fox Executive MBA in other areas: The program’s global immersion experience ranked No. 3 nationally, and three-year career progress among graduates ranked No. 4 globally.

“These latest rankings from Financial Times are indicative of our program’s growing reputation, strength, and return on investment,” said Dr. M. Moshe Porat, Dean of the Fox School. “Further, global immersions and our worldwide partnerships afford students the opportunity to gain global business savvy and study internationally, all through an immersive learning experience. These details continue to set apart our program.”

For its rankings, Financial Times surveyed 2014 Fox Executive MBA graduates on salary growth, career progress, work experience, and goals they achieved since completion of the program. Financial Times also considered school diversity, measured by international and female students, and idea generation, or the percentage of faculty with doctorates and research published within 45 select academic journals.

The Fox Executive MBA can be completed in 16 months. It’s built upon face-to-face classroom time delivered one weekend per month, and supplemented by interaction with faculty and fellow students via web conferencing. Online collaboration reduces travel and minimizes time spent away from home and office by the program’s students, who average 15 years of industry experience.

“We like to say our students apply on Monday what they have learned over the weekend,” said Dr. Michael Rivera, the Fox Executive MBA’s academic director. “These rankings demonstrate that our program continues to meet the professional and personal needs of mid-level professionals looking to become senior- and c-level executives.”

For media requests, contact: Christopher A. Vito, Associate Director of Communications and Media Relations, (215) 204-4115, cvito@temple.edu.

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More isn’t always better—and that theory applies to social media advertising.

Recent research findings suggest that the volume of social media posts will drive consumers to unfollow the accounts of even their favorite companies and brands. This was especially true within cities of greater per-capita population density, and when social posts are sent during traffic peak hours of 5-8 p.m., according to researchers from the Fox School.

Dr. Paul Pavlou

The researchers found both a short-term benefit and a long-term loss with regard to this form of social media marketing: While posts led to 5% sales increases, the posts often “fatigued and frustrated” consumers and increased the likelihood that they would unfollow these accounts by more than 300%.

“Companies may be inclined to intensify their advertising on social media once they see the immediate benefits,” said Dr. Paul A. Pavlou, the Fox School’s Senior Associate Dean of Research, Doctoral Programs, and Strategic Initiatives. “The volume and timing of these posts, however, may drive consumers to unfollow these accounts and be less likely to purchase from these companies in the future.”

Fox School PhD student Shuting Wang led the study, “Tempting Fate: Social Media Posts by Firms, Customer Purchases, and the Loss of Followers,” along with Pavlou and University of Minnesota associate professor Dr. Brad Greenwood.

Shuting Wang

The team worked with data from a Chinese fashion company that conducted its social media marketing through WeChat, China’s Facebook equivalent. The company, which has retail locations in 99 Chinese cities, sent identical messaging to its followers, regardless of their city of origin and their city’s population density. The company would post to WeChat four times per month and only during the 5-7 p.m. timeframe. While this method produced temporary jolts in sales, it ultimately cannibalized the company’s long-term sales, the researchers found.

“Our recommendations included a complete change of strategy, with a reduction in arbitrary posts that could create annoyance or interruption, and a plan to send messages only during non-peak traffic density hours,” Pavlou said.

For more on the study, or to schedule an interview with the researchers, contact: Christopher A. Vito, Associate Director of Communications and Media Relations, (215) 204-4115, cvito@temple.edu.

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The Superior Court of Pennsylvania and the Commonwealth Court of Pennsylvania will visit Temple University to hold oral argument sessions in Alter Hall, home of the Fox School of Business, on Tuesday, Oct. 10, and Tuesday, Oct. 17, respectively.

While the Superior and Commonwealth Courts normally hear arguments on appeals in Harrisburg, Pittsburgh, and Philadelphia, the two courts are holding special sessions at Temple within one week of each other in honor of the Fox School’s upcoming 100th anniversary in 2018. The sessions, rarely ever afforded to a school, are two unique events in an ongoing series of celebrations commemorating the centennial anniversary.

Co-hosted by the Fox School’s Legal Studies in Business department and Temple’s Beasley School of Law, the oral argument sessions offer an opportunity for students, faculty, and staff to learn about the service of the judiciary to all Pennsylvanians and better acquaint themselves with how matters before state courts are considered and resolved. During the sessions, lawyers will present to the judges the legal reasons why their cases should prevail based on the arguments made in the written briefs. Oral arguments give lawyers the chance to clarify their points and answer questions for a decision from the court.

Both sessions will take place on the seventh floor of Alter Hall in the MBA Commons, from 9 a.m. to 5 p.m. The session on Oct. 10 with the Superior Court will be preceded by remarks in honor of the late James E. Beasley, Esq., for whom the Beasley School of Law is named. The session on Oct. 17 with the Commonwealth Court will include a lunchtime Q&A with judges and students, moderated by Dean Gregory N. Mandel of the Beasley School of Law.

Created in 1895, the Superior Court is one of the busiest appellate courts in the United States, docketing hundreds of thousands of filings per year and deciding more than 8,000 civil, criminal, domestic relations, and orphans’ court cases. Established in 1968, the Commonwealth Court is responsible for matters involving state and local governments and regulatory agencies and also acts as a trial court when lawsuits are filed by or against the Commonwealth.

About the Fox School of Business Established in 1918, the Fox School of Business at Temple University is the largest and most comprehensive business school in the Philadelphia region, with more than 9,000 students, 210 faculty, and 65,000 alumni, and one of the largest in the world. It offers 15 undergraduate majors, including the Online BBA, which is ranked No. 2 nationally by U.S. News & World Report. The school also provides access to more than 20 student professional organizations; the Fox Honors program; and cutting-edge technology and stellar student services, including the Business Communications Center and the Center for Student Professional Development (CSPD), which for the last five years has had a 95- to 97-percent job-placement rate among undergraduates who use its services. Since 1934, the Fox School has been continuously accredited by AACSB International, a distinction held by less than 5 percent of the world’s business schools, and offers nationally and internationally ranked programs on campuses in the U.S. and throughout the world.

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The Global MBA program at Temple University’s Fox School of Business ranks among the national leaders in job placement rate and return on investment, according to Forbes‘ 2017 Best Business Schools ranking.

Forbes lauded the 100-percent job placement rate for Fox MBA graduates in 2016 as among the best in the country. The Fox School’s renowned Center for Student Professional Development (CSPD) oversees internship and job placement for graduate students.

“We have remained true to our university’s mission of providing accessibility to top-level services, strong industry connections, and an affordable, highly ranked education—a value proposition that offers a strong return on investment for our students,” said Dr. M. Moshe Porat, Dean of the Fox School. “A recent national trend among business schools dictates that as a program’s rankings soar, so too will its tuition. We want Fox to be the outlier to this trend.”

This marked the Fox School’s fifth consecutive appearance in Forbes‘ biennial survey, which was announced Sept. 25. The University of Pennsylvania’s Wharton School is the only business schools in the Philadelphia region to have been ranked.

The Forbes ranking is based on the return on investment achieved by graduates from the class of 2012. Forbes compared their total earnings in the graduates’ first five years out of business school, including salary, bonuses, and exercised stock options, to their opportunity cost (two years of foregone compensation, tuition, and required fees) to arrive at a five-year MBA gain. The five-year MBA gain represents the net cumulative amount typical alumni would have earned five years after getting their MBAs versus staying in their pre-MBA careers.

The Global MBA is the Fox School’s flagship, full-time MBA program. The 54-credit program, which can be completed in two years, has achieved a national reputation for its stellar job placement rates. The program combines experiential learning, paid internships, and international immersions into the global business environment. Students travel to and engage in emerging hotspots of social, economic, technological, and organizational innovation. The Fox Global MBA requires two international experiences.

Interest in the program is at an all-time high, with a 32 percent increase in overall applications and a 47 percent increase among international applications. The quality of admitted students has improved simultaneously. Fox Global MBA students average a 3.62 undergraduate GPA and a 640 GMAT score.

Learn more about the Global MBA program.
For media inquiries, contact Christopher A. Vito at cvito@temple.edu
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Figuring out how to engage young professionals is a popular topic for employers today. Last month, the Fox School’s Fox Management Consulting (Fox MC) spoke with Eugenie George, an expert on the issue who offered tips for companies seeking to reduce turnover of their young professional workforce. This week, George zooms in on the role managers can play. Here are a few ways to improve loyalty and growth in younger employees.

1) To Help Others, First Help Yourself

While young professionals are often famously profiled as needing a lot of feedback, sometimes the managers who oversee them aren’t soliciting quite enough. “If you are a manager, get a coach,” says George. “If you are over other people, get someone to actually help you become a better leader. That is essential.” George points out that this is just airplane safety 101: Put on your own oxygen mask before helping others.

Many companies are taking the hint and hiring in-house coaches to help develop their supervisors, but even in companies that haven’t taken this step, managers can seek out mentors. “Find someone in your company that is not in your field to give you feedback,” advises George, “and do your own reflections. Ask yourself: How am I? What personality type am I? What do I need to be an effective leader?” Even a virtual coach, in the form of a leadership book or management blog can be a significant first step in becoming a more effective leader.

Many celebrities and leaders like Oprah and Bill Clinton talk openly about the importance of their life coach. Executive Chairman of Google Eric Schmidt says being told to get a life coach was “the best advice I ever got.” No matter their career stage, getting outside input can help managers become better leaders of their young professional workforce.

2) Make Training Interactive

Last spring, George engaged a Fox MC student consulting team to support her consulting business, The Quarter Design. Among other research insights, the team learned that virtual trainings have become a non-starter for employee development. “Everywhere you go, people are offering webinars and modules,” says George. “HR managers said they don’t want anything that has to do with online.”

While it can be tempting for busy managers to send a link to a struggling employee, or request they sign up for a webinar, these courses overlook a central component of the development many employees need. “A big part of my job as a consultant is teaching soft skills,” says George. Managers working with young professionals should plan interactive training and encourage employees to seek learning opportunities that engage interpersonal skills.

3) Leave Time for Personal Development

The cornerstone of how most companies measure work is hours on the clock. While that metric has its place, many companies now recognize that maximizing employee performance sometimes means allowing them to work less.

George says a good friend who worked at Google benefited from their famous practice of giving employees time during the workweek to pursue their personal interests. “She went on yoga retreats with that time,” George says. “She now leads meditation retreats with people at Google, and it’s very gratifying.”

While not every company can afford to sponsor yoga retreats, managers play an important role in creating space for personal time. Managing workflows, offering flexibility in work hours, and prioritizing employee requests for time off communicates that personal development is a priority. This allows employees time to do the personal work necessary to produce high-quality outputs. While not every company can be Google, managers can benefit from borrowing a page from their book.

Every year, Fox MC completes multiple high-value strategy consulting projects with clients like Eugenie George. To access in-depth research, multi-disciplinary teams, and actionable solutions for your business or non-profit, connect with us today.
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Dr. Kevin Fandl, of Temple University’s Fox School of Business, is available to discuss the fragile landscape of immigration in the United States, and the ever-evolving public policy related to it.

Fandl is an assistant professor of Legal Studies in Business and the academic director of the Fox School’s Global Immersion Programs. In the latter role, Fandl organizes global experiential learning opportunities for all graduate and undergraduate students, exposing them to global business practices and distinct legal and regulatory environments around the world, helping them to become versatile and globally focused participants in the marketplace.

In recent semesters, immigration has become a topic of significant import—and interest—within the business school as the economics of immigration play a more prominent role in more sectors of the economy, from immigrant investors to entrepreneurs and agricultural laborers.

“No matter the subject of the class, from constitutional law to public policy to international business, questions arise about immigration law and policy. It’s a hot issue, obviously,” said Fandl, “and our students truly enjoy hearing about the latest news and issues, immigration history in our country, and the economic impact of immigration.”

Fandl will dedicate two class periods in his Law & Public Policy class to the history and economics of immigration law and policy in October. His course will meet Tuesday, Oct. 16 and Thursday, Oct. 18, from 11 a.m. to 12:15 p.m.

Prior to his career in academia, Fandl ran a boutique immigration law firm working on high-skilled immigrant workers. He then joined the Department of Homeland Security, where he completed nearly a decade of public service, serving as counsel to the assistant secretary for U.S. Immigration and Customs Enforcement, among other senior roles.

INTERVIEW REQUESTS: Email Christopher A. Vito at cvito@temple.edu

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Alter Hall Exterior PhotoThree of Fox’s undergrad specialty programs also ranked among top-15 nationally

Temple University’s Fox School of Business is once again ranked among the top-50 business schools in the nation, according to U.S. News & World Report.

The Fox School improved three places to earn a No. 45 ranking in U.S. News’ 2018 edition of “Best Colleges,” placing it among the top-10 percent of all undergraduate business programs in the United States. The ranking is the highest in the Fox School’s history, following last year’s No. 48 ranking by U.S. News.

“It’s a great achievement for our school to be ranked among the nation’s top-50 providers of undergraduate business education,” said Dean M. Moshe Porat. “We have improved in the U.S. News rankings each of the last three years, which is a true testament to the quality, affordability, and breadth of our academic programs.”

U.S. News’ business school rankings, released online Sept. 12, are based upon peer assessment of deans and senior faculty at AACSB-accredited undergraduate business programs in the United States over a two-year period, including a Spring 2017 survey.

Debbie Campbell, Fox School’s Senior Vice Dean, has led Fox’s undergraduate programs for 23 years. She credited quality and work ethic of the school’s student body for its role in this latest U.S. News ranking.

“The students who enroll at the Fox School are driven to succeed, in and out of the classroom,” Campbell said, “and we provide them with the career and professional development tools, access to the best employers, and countless opportunities for extracurricular activities to foster that success.”

In the same rankings, U.S. News ranked three of the Fox School’s undergrad programs among the top 15 in the nation — Risk Management and Insurance (No. 8), International Business Administration (No. 14), and Management Information Systems (No. 14). This marks a fifth consecutive year for this recognition from U.S. News:

Risk Management and Insurance: Fox’s Risk Management and Insurance program is the nation’s oldest, continuously running program of its kind. Among the largest programs in the country, too, Fox RMI is home to the Sigma Chapter of Gamma Iota Sigma. The chapter, the international professional fraternity’s largest, has earned the Edison L. Bowers award as best overall chapter in 18 of the last 23 years. (Related: View a video feature about the program, produced by A.M. Best.)

International Business Administration: Fox’s IBA program is supported by a robust study-abroad program, through Fox and Temple University, as well as from the Institute of Global Management Studies and the Temple Center for International Business Education and Research (CIBER), which are based at Fox. Temple CIBER is one of only 17 such elite centers in the nation to have had its grant-renewal proposal approved for federal funding from the United States Department of Education. Temple is the only university in Pennsylvania to have received federal funding for CIBER. Additionally, IB faculty at Fox ranked No. 1 in the nation in 2014-16 research output, according to the University of Texas at Dallas’ Top 100 Business School Research ranking. Fox is home to three Academy of International Business (AIB) Fellows, a distinction held by the world’s elite researchers in scholarly development in international business.

Management Information Systems: Fox’s MIS program is a global leader in transformative research on the design, use, and effects of information technology. MIS faculty ranked No. 1 in the world in research output, according to the University of Texas at Dallas’ Top 100 Business School Research ranking. Members of Fox’s Association for Information Systems (AIS) student chapter, the first of its kind, have earned first place in four consecutive years at the AIS Student Leadership Conference.

About the Fox School of Business

Established in 1918, the Fox School of Business at Temple University is the largest and most-comprehensive business school in the Philadelphia region, with more than 8,500 students, 210 faculty, and 65,000 alumni, and one of the largest in the world. The Fox School offers 15 undergraduate majors, including the Online BBA, which is ranked No. 2 nationally by U.S. News & World Report. The school also provides access to more than 20 student professional organizations; the Fox Honors program; and cutting-edge technology and stellar student services, including the Business Communications Center and the Center for Student Professional Development (CSPD), which for the last five years has had a 95- to 97-percent job-placement rate among undergraduates who use its services. Since 1934, the Fox School has been continuously accredited by AACSB International, a distinction held by less than 5 percent of the world’s business schools, and offers nationally and internationally ranked programs on campuses in the U.S. and throughout the world.

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Let’s be honest: There are many excruciatingly dull business podcasts. We won’t name names, but if you’ve spent time exploring the Podcasts app, you know what we mean. Don’t be discouraged, because there are also several awesome business podcasts worth listening to if you’re seeking inspiring and informative discussions with some of the leading business minds of today. Check out the five below and get ready to learn something new and have fun doing it.

5. Planet Money

With nearly 800 episodes since its debut in 2008, Planet Money’s a fantastic resource if you want to take a deep dive into significant historical and current economic issues and the world of international business. Recent episodes focused on robot phone scams and the inner financial workings of Google and state fairs.

Recommended episode:When Subaru Came Out

4. StartUp

Ever wonder what it’d be like to start a startup? This podcast’s for you. The first season documented the launch of the digital media company that founded the podcast itself, (the now very successful) Gimlet Media, and recent seasons had episodes focusing on specific entrepreneurs and startups. This podcast is now so popular ABC is creating a sitcom based on it, titled Alex, Inc., starring Zach Braff.

Recommended episode:Dear Music Fans

3. 30 for 30

ESPN recently launched the 30 for 30 podcast based on the award-winning documentary series with the same name. It’s not necessarily about business, but there are infinitely many lessons future business leaders can learn from the struggles, the glories, and the unstoppable fighting spirits of professional athletes.

Recommended episode:The Fighter Inside

2. Masters of Scale

Reid Hoffman, the cofounder and executive chairman of LinkedIn, hosts this podcast where he interviews some of the most interesting entrepreneurs of our time about the secrets of their success and the evolution of their careers. Former guests include Airbnb’s Brian Chesky, Facebook’s Mark Zuckerberg, and Netflix’s Reed Hastings.

Recommended episode:Grit Happens

1. How I Built This

Hosted by Guy Raz, the editorial director of TED Radio Hour, How I Built This has spotlighted the innovators and entrepreneurs responsible for founding brands like VICE Media, Rolling Stone, Whole Foods, Kickstarter, Kendra Scott, and TOMS. Prepare to be inspired.

Recommended episode:Warby Parker

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