The Executive MBA program at Temple University’s Fox School of Business is considered one of the best in the United States, according to Financial Times.
The Fox Executive MBA earned a No. 18 national ranking by Financial Times, which announced its 2016 rankings of the world’s top executive MBA programs on Oct. 17. The London-based business and economic news outlet has ranked the Fox Executive MBA among the nation’s top-20 programs six times since 2010.
“Our inclusion as one of the nation’s top Executive MBA programs over an extended period of time is illustrative of our program’s consistency and strength,” said Fox School Dean M. Moshe Porat. “This ranking speaks to the quality of our students and alumni, and our sterling reputation as a leader in business education.”
Financial Times’ rankings surveyed the Executive MBA Class of 2013 on salary growth, career progress, work experience, and aims achieved since graduation. School diversity, measured by international and female students, among other factors, comprises 25 percent of the weight. Idea generation, or the percentage of faculty with doctorates and research published in a list of 45 select academic journals, corresponds to 20 percent of the ranking.
Fox’s Executive MBA program, which can be completed in only 16 months, is built on face-to-face classroom time delivered one weekend per month and supplemented by interaction with classmates and faculty via WebEx, the premier web-conferencing platform. Online collaboration reduces travel and minimizes the time students, who average 12 to 14 years of industry experience, will spend away from home and office.
Courses for the program are held at The HUB, a vibrant business center located in Center City Philadelphia. The HUB features comprehensive communication services and state-of-the-art audio and visual equipment.
“The Fox Executive MBA was designed to fit the needs of mid-level professionals looking to become senior or c-level executives,” said Dr. Michael Rivera, Academic Director of Fox’s Executive MBA.“ With our mantra, ‘Learn over the weekend, apply on Monday,’ students almost immediately notice a powerful impact on their careers.”
The Global MBA program at Temple University’s Fox School of Business is ranked among the top-50 programs in the United States, according to The Economist’s annual Which MBA? rankings.
The Fox School reached No. 44 nationally among all full-time, U.S.-based MBA programs, and is ranked No. 68 worldwide by the London-based weekly news magazine.
Released Oct. 13, The Economist’s Which MBA? rankings recognize the top-100, full-time MBA programs worldwide, according to three years of data (2014-2016) drawn from questionnaires of business schools, students, and recent graduates in areas such as quality of faculty and career services, student diversity, breadth of alumni network, and salary increase following graduation.
The Fox School earned a pair of top-10 national rankings from The Economist for its attention to career services and professional development.
The percentage of Fox Global MBA students who reported earning a job offer through Fox’s Center for Student Professional Development ranked No. 8 in the United States. The percentage of Global MBA students who received a job offer three months of graduation ranked No. 9 among U.S. programs.
The Fox Global MBA features RoadMap™, a revolutionary personal- and professional-development platform for assessing student performance using Microsoft Power BI, a suite of analytics tools used to analyze data and share insights. RoadMap™ allows students to identify gaps in their preparation for business leadership and provides a visual representation of their skills across all courses and competencies.
Students in the Fox Global MBA program benefit from experiential-learning opportunities for real clients within the Fox Management Consulting (Fox MC) practice capstone and a structured internship. Dual-degree options with the Fox School’s array of specialized master’s programs are also available.
Temple University’s Fox School of Business has developed a revolutionary personal- and professional-development platform for assessing student performance using Microsoft Power BI, a suite of analytics tools used to analyze data and share insights.
Developed and launched by the Fox School in 2014 to demonstrate value and return on investment to students, Fox’s RoadMap™ incorporates feedback from faculty, industry executives, and peer- and self-assessments to visualize student progress and development across a number of competencies. This feedback is provided to students in a comprehensive dashboard that compares individual improvement to baseline information, identifies gaps and areas needing further development, and establishes a program or university as the catalyst for change. With the use of Power BI, the platform allows students and faculty to visually explore data through a broad range of interactive visualizations and access data anywhere, anytime.
“The benefits of RoadMap™ are innumerable,” said Christine Kiely, RoadMap’s co-creator, and Associate Vice Dean of MBA, MS, and International Programs for Temple’s Fox School of Business. “RoadMap™ is unique in terms of academic progress reporting because it takes into account the reinforcement of concepts throughout the curriculum and measures the reoccurrence of a competency as it is expressed in subsequent coursework..
“No single grade for a single course can capture this kind of development.”
More importantly, RoadMap™ allows students to self-reflect on their newly acquired skills and competencies and develop strategies to overcome insufficiencies.
Online, on-demand, and in real time, the newest version of RoadMap™ launched in August 2016, with production support of Teksouth Corporation. RoadMap™ is fully integrated with Blackboard, and is a repeatable solution that allows universities using Blackboard to adopt RoadMap quickly and easily. According to Kiely and fellow RoadMap™ co-creator Cliff Tironi, the Manager of Performance Analytics for the Fox School of Business’ MBA and MS Programs, RoadMap™ will soon integrate with Moodle and Canvas.
“RoadMap™ demonstrates the level of innovation taking place at Temple University,” said Dr. M. Moshe Porat, Dean of the Fox School of Business. “RoadMap™ allows students to self-reflect on their newly acquired skills and develop strategies to overcome insufficiencies. It’s an essential tool for students within our MBA programs, which continue to rise in prestige within national and international rankings.”
Flinders University, located in Australia, will begin using RoadMap™ as part of its three-year partnership with the Fox School of Business, which began in Fall 2016.
FOR REPORTERS: On Wednesday, Oct. 26, Tironi and Kiely will lead a presentation on RoadMap™ at EDUCAUSE, the nation’s largest higher-education conference. Click here to learn more.
In only a few words, conveyed the collective excitement shared by those who filled Alter Hall’s Undergraduate Commons.
“I don’t know what’s under that cover,” Porat said, “but I can’t wait to see it.”
The Dean of Temple University’s Fox School of Business, Porat helped remove a black drape from atop a 6-foot-tall owl-shaped statue. The unveiling of the owl officially launched the Fox School’s centennial celebration. Founded in 1918, the Fox School will celebrate its 100-year anniversary during the 2017-18 academic year.
The owl statue, which is to be housed at Alter Hall, is the work of Philadelphia artist Leo Sewell. Sewell is a self-described “junk artist” who grew up near a landfill. His origin story helped to shape his artistic style, which quite literally turns trash into treasures. His works can be found in corporations, museums, airports, and other public venues located around the world, including Ripley’s Believe It or Not Museums, Atlanta’s Hartsfield-Jackson International Airport, and Philadelphia’s Please Touch Museum.
Several hundred students poured into Alter Hall on Sept. 23 to witness the unveiling of the statue, which was constructed using memorabilia and tchotchkes from Fox’s rich history. Sewell melted down, bolted, and molded items like magnets, keychains, plaques, lapel pins, coffee mugs, and license plate covers to create the owl. Faculty, students, and alumni submitted pieces to Sewell for inclusion.
Porat encouraged students to take photographs of the statue, and inspect it closely for items that related to their specific academic programs or student professional organizations. Porat said he hopes the statue will inspire students to think beyond the scope of their ephemeral experiences at the school.
“It’s not often in your lifetime that you get the opportunity to celebrate 100 years of anything,” said Porat, who has served as Fox’s Dean since 1996. “You are all a part of our success here. And when it comes to the Fox School, we want to make you feel proud of us. That’s what this celebration of our history is all about.”
Throughout the day, students from the Fox School of Business filed into Temple University’s Mitten Hall, where a myriad of professional opportunities – and potential employers – awaited.
Fox’s Center for Student Professional Development (CSPD) welcomed a record number of industry partners and hiring managers for its annual Fall Connection networking event. Fall Connection offers a platform through which nearly 1,000 pre-registered Fox School students could shake hands and share resumes with representatives from top employers in the region.
Held Sept. 21, Fall Connection drew representatives from more than 100 companies to campus, helping students identify professional opportunities for full-time employment or summer internships. The networking event supports the sterling reputation of Fox CSPD, which achieved a 94-percent job-placement rate within three months of commencement for undergraduates who utilized its services.
What makes Fox an attractive business school from which to recruit? Here is what a few employers shared on that subject:
The CSPD Difference
“Not only do they put on a superb event, but Fox CSPD also prepares Fox’s students so profoundly,” said Karen Fox, head of university and recruiting partnerships with Vanguard. “The students are polished, their resumes are flawless, and they are dressed to impress. These reasons make the Fox School one of Vanguard’s top feeders, both regionally and nationally.”
“When you meet a Fox student, they carry themselves with confidence, speak clearly, and address you professionally,” said Nicole Davis, a recruiter with Crayola. “This truly sets them apart.”
Said Clay Stewart, a business analyst with SEI: “Fox students have mastered the 30-second elevator pitch. And in a competitive environment like Fall Connection, where students are shoulder to shoulder with their classmates, this can make all the difference.”
“For me, it’s that Temple mindset,” said Matthew Filomeno, a business analysis associate specialist with Merck. “It sounds cliché, but they’re gritty. Temple students work hard, take nothing for granted, and demonstrate that they’re willing to learn.”
“Fox has a reputation around the Philadelphia region and nationally for producing great candidates,” said Ben Profeta, an associate with BlackRock. “We’re invested in Fox to the point where we’ve organized a panel of (Fox) alums who work with us to speak with graduate students in the MS in Investment Management program about their experiences at Blackrock.”
Preparation is paramount
“In this room, with 100 or so employers, it is a challenge for students to know the ins and outs of every company – but Fox students are always prepared,” said Stewart, of SEI. “They’re well-researched, and they save me the trouble of having to explain who we are and what we do. It’s actually quite impressive.”
Temple University’s Fox School of Business powers entrepreneurship at Flinders University through partnership
Temple University’s Fox School of Business has entered a three-year partnership with Flinders University to deliver its nationally ranked entrepreneurship programs to the prestigious Australian university.
The Fox School of Business will help Flinders University drive South Australia’s economic transformation by training thousands of undergraduate and graduate students annually in the entrepreneurial mindset and skills required to start new businesses and facilitate innovation in existing industries.
To do so, the Fox School will build a series of 12 modules of online education to expose Flinders University’s 26,000 students to entrepreneurship – regardless of their major or course of study. The modules will include videos, exercises, and training manuals, and will be localized by South Australian faculty and executives trained by Fox School faculty.
Additionally, the Fox School will provide RoadMapTM, Fox’s revolutionary higher-education platform that assembles all feedback and assessments to demonstrate personal development and return on investment to students. RoadMapTM will be customized to track the development of those personal enterprise behaviors, or competencies, that have been identified by business and society as valuable in the Australian context.
This partnership leverages Fox’s reputation as a leading provider of online and entrepreneurship education. In January 2016, the Fox Online MBA program earned a No. 1 national ranking from U.S. News & World Report for the second consecutive year. And in November 2015, Fox’s undergraduate- and graduate-level Entrepreneurship programs earned top-10 rankings from The Princeton Review and Entrepreneurship magazine. It also leverages the Fox School’s extensive experience in supporting entrepreneurship-based economic development in the Philadelphia region, largely through the 350 projects completed by its renowned Fox Management Consulting program.
“We are proud to enter this partnership with Flinders University,” said Dr. M. Moshe Porat, Dean of Temple’s Fox School of Business. “There are a number of similarities between students at Flinders and Temple – two universities that have stimulated innovation and promoted entrepreneurship for decades. This partnership enables the Fox School to employ our expertise to power the Personal Enterprise Journey of Flinders students more than halfway around the world.”
Flinders University Chancellor Stephen Gerlach and Vice-Chancellor and President, Professor Colin Stirling visited Temple University Aug. 18 and met with Acting President Richard Englert and Provost and Executive Vice President JoAnne A. Epps to make official the contractual partnership and to discuss Temple’s role in extending entrepreneurship throughout the university and into the community.
Flinders University, through its New Venture Institute (NVI), is creating entrepreneurial opportunities for its 26,000 students. Since its founding in 2013, the NVI has overseen 252 student projects and 136 start-ups, trained nearly 1,500 individuals, and generated more than $540,000 in investments.
“Innovation and creativity – those characteristics that underpin entrepreneurial thinking – are a critical part of the picture for all industries,” said Matt Salier, Director of the NVI at Flinders. “Next time someone asks you what job you’d like, challenge yourself by reframing the question as, ‘What problem would you like to solve?’ Our partnership with the Fox School of Business brings the best in global education methods and content to help our students answer this question.”
The Flinders-Fox School partnership also will allow for potential study-abroad opportunities for undergraduate and graduate students at both universities. Details on this will be finalized and announced at a later date.
About the Fox School of Business at Temple University
Established in 1918, the Fox School of Business at Temple University is the largest, most-comprehensive business school in the Greater Philadelphia region, and among the largest in the world, with nearly 8,500 students, more than 200 full-time faculty and more than 65,000 alumni. Accredited by AACSB International — a distinction held by less than 5 percent of the world’s business schools — the Fox School offers BBA, Global MBA, Part-Time MBA, Executive MBA, Online MBA, Specialized Masters, and PhD programs, and an Executive Doctorate in Business Administration, on campuses throughout the world.
About Flinders University
Flinders University, in Adelaide, Australia, is a world top 2% University that enjoys a well-justified reputation for excellence in teaching and research. It provides exceptional student experience and has a long-standing commitment to enhancing educational opportunities for all, attracting students from more than 100 countries. Established in 1966, Flinders’ leadership in innovative research has seen it rise to equal 10th in the prestigious Time Higher Education rankings of Best Universities in Australia 2016.
The Online MBA program at Temple University’s Fox School of Business is once again ranked among the best in the world.
The Fox Online MBA earned a No. 3 global ranking in The Princeton Review’s 2017 ranking of the best online MBA programs, published Sept. 20. The program improved two places from The Princeton Review’s 2015 ranking.
“The Fox Online MBA program is truly unique, and it is with great pride that another top publication has ranked it among the best in the country and the world,” said Fox School Dean M. Moshe Porat. “The program integrates cutting-edge technology and accredited, high-impact curriculum. It places an emphasis on quality, rigor, and integrity, and applies student feedback to deliver an unmatched experience. This ranking could not have been accomplished without the work of Dr. Darin Kapanjie, the program’s academic director, and our Online and Digital Learning team, which delivers the best advancements in technology to a quality, online-format education.”
The Princeton Review compiled its global rankings by surveying students and administrators from more than 90 online MBA programs worldwide. The surveys focus on the following core criteria: admissions selectivity, graduation and retention rates, faculty training and credentials, technological infrastructure, student indebtedness, professional development and career outcomes, and more.
For more information on the Fox Online MBA program, visit fox.temple.edu/omba.
Arjun Bedi, MBA ’87, is the Fox School of Business’ 2016 honoree for Temple University’s Gallery of Success.
The Gallery of Success showcases banner alumni from each of Temple’s 17 schools and colleges with a display in the lower level of Mitten Hall, located on Temple’s Main Campus.
Bedi is a senior leader within Accenture, a worldwide professional services company that provides strategy, digital, consulting, technology, and operations services. He serves as a Managing Partner and leads a significant part of Accenture’s Life Sciences business. He has been with the firm for more than 25 years, and a partner for 16 years.
Since becoming partner, Bedi has held several leadership and management roles, including leading the Global Life Sciences Research and Development practice (2006-2012) and more recently leading the High Growth Bio-tech sector (2012-present). Additionally, he recently took on leading one of Accenture’s largest Life Sciences client relationships.
Bedi has worked with the top 15 global life sciences and the top 10 bio-tech organizations, in areas of management strategy, share-holder value management, IT strategy, and global operating model optimization, among others. His functional expertise span the entire Life Sciences value chain, from drug discovery and development to commercial, supply chain and enabling functions like strategy and finance.
Bedi earned his MBA in Computer Science and Information Systems from Temple’s Fox School of Business in 1987. He previously received his Bachelor of Arts degree in economics (honors) from India’s Delhi University in 1984.
Fox undergraduate accounting and Master of Accountancy programs improve significantly in new rankings
The undergraduate accounting program at Temple University’s Fox School of Business improved 17 places to earn a No. 30 national ranking, and is ranked No. 9 among programs of similar size, according to new rankings released by the Public Accounting Report.
The Public Accounting Report (PAR) also ranked Fox’s Master of Accountancy (MAcc) program No. 40 in the United States.
The PAR 35th annual Professors Survey, published August 2016, is the nation’s only survey that allows accounting professors to rank the nation’s best accounting programs. According to the PAR, hundreds of professors from the nation’s top colleges and universities participated in this year’s survey, which was conducted in April.
At the undergraduate level, the Fox School’s accounting program jumped 17 places from last year’s ranking to enter the PAR’s top 30. Among programs with between 16 and 21 full-time faculty, Fox is ranked No. 9 in the nation – an improvement of nine spots from the PAR’s 2015 report.
Fox’s MAcc program is ranked No. 1 in the Greater Philadelphia region, and No. 12 in the nation among programs of its size, according to the PAR.
“These rankings are pleasing facts, since the PAR rankings are compilations of accounting professors’ opinions,” said Dr. Eric Press, Chairman of the Fox School’s Department of Accounting. “These rankings reflect the esteem with which colleagues at other business schools hold our program.”
The Department of Accounting is the largest at Temple’s Fox School of Business, with more than 1,200 students enrolled across undergraduate, masters, and PhD programs. It is home to 21 full-time and 18 part-time faculty.
Students within the MAcc program have achieved a 96-percent job placement rate in public accounting positions within three months of graduate, since the program’s launch in 2011. MAcc students boast a 70-percent CPA exam pass rates, far exceeding the Uniform CPA Examination Passing Rates, and more than half of Fox MAcc graduates attain job placements at one of the Big Four accounting firms.
“The MAcc program’s inclusion in Public Accounting Report’s ranking demonstrates our place as the best in the region, and as one of the leading programs in the nation,” said Sheri Risler, Fox MAcc program director. “It’s also recognition of our continued growth and sustained excellence dating to 2011, when our program was founded.”
Temple University’s Fox School of Business is ranked among the top-50 business schools in the nation, according to U.S. News & World Report.
The Fox School earned a No. 48 national ranking in U.S. News’ 2017 edition of “Best Colleges,” placing it among the top-10 percent of all undergraduate business programs in the United States. The ranking, the highest in the Fox School’s history, marks a 13-spot surge since last year’s U.S. News ranking.
“The Fox School continues to ascend the rankings of prestigious publications like U.S. News,” said Dean M. Moshe Porat. “It’s a tremendous accomplishment to have been ranked among the top-50 business schools in the country, and it serves as testament to the quality of our programs.”
The business school rankings featured in the 2017 edition of “Best Colleges,” which were released online Sept. 13, are based on peer assessment of deans and senior faculty at each AACSB-accredited undergraduate business program in the United States over a two-year period, including a Spring 2016 survey.
“Our innovative approach to business education is at the core of the Fox School story, which we’ve been working hard to disseminate to our industry colleagues and peers,” said Fox School Vice Dean Debbie Campbell. “This ranking only helps to reinforce and validate our pursuit of continual improvement.”
For the fourth consecutive year, three of Fox’s undergraduate programs earned top-15 rankings from U.S. News. Risk Management and Insurance (No. 6), International Business Administration (No. 13), and Management Information Systems (No. 14) programs all are among the best of their kind in the nation.
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’s Risk Management and Insurance program is also 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.
Fox’s International Business Administration 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.
Management Information Systems (MIS) 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.
The Fox School of Business is the largest and most-comprehensive business school in the Philadelphia region, with more than 8,500 students, 200 faculty, and 65,000 alumni worldwide. Fox offers 15 undergraduate majors; more than 20 student professional organizations; the Fox Honors program; cutting-edge technology and stellar student services, including a Business Communications Center and the Center for Student Professional Development (CSPD), which has a 94-percent job-placement rate for undergraduates who use its services.
Fox professor to lead newly established, interdisciplinary Temple University Entrepreneurship Academy
This fall, Temple University further strengthened its commitment to entrepreneurship education across all disciplines with the establishment of the Temple University Entrepreneurship Academy (TUEA).
The Academy is geared toward the incorporation of entrepreneurship education in the coursework delivered by faculty members throughout all of Temple’s 17 schools and colleges, and the creation of seminars and services available to students, faculty, and staff at Temple, and enhanced offerings and participation in entrepreneurial activities.
Alan B. Kerzner joined the faculty at Temple’s Fox School of Business as an Assistant Professor of Practice within the Department of Strategic Management. He also will serve as the Director of TUEA, a role in which he will work with other schools and colleges at Temple to facilitate the spread of entrepreneurial practice across the university.
“Entrepreneurial thinking is not present solely within business schools. It can be found throughout a university, particularly one as dynamic as Temple,” Kerzner said. “Our objective is to work with faculty on the implementation of entrepreneurship education across the university, and with students to foster their enthusiasm for innovation.”
At Temple University, entrepreneurship continues to flourish.
Temple is one of five colleges and universities in the United States to have earned top-10 rankings for both undergraduate- and graduate-level entrepreneurship programs, according to a 2015 publication from The Princeton Review and Entrepreneur magazine. Temple’s undergraduate Entrepreneurship program received a No. 8 national ranking, and its graduate program earned a No. 10 ranking.
Temple’s Innovation and Entrepreneurship Institute (IEI) organized its 18th annual Be Your Own Boss Bowl (BYOBB), a university-wide business plan competition held in April 2015 and catering to students, faculty, staff, and alumni. BYOBB makes available nearly $700,000 in cash prizes and related products and professional services, earning it a reputation as one of the nation’s most-lucrative business plan competitions, according to Entrepreneur.
Temple also offers access to the Small Business Development Center, which, for the 2015-16 academic year, consulted with 861 entrepreneurs, resulting in the creation of nearly 450 jobs. The SBDC assisted pre-venture clients in the generation of 46 new businesses in the Philadelphia area, with 60 percent of the clients served originating in Philadelphia.
“There is no better time to begin your entrepreneurial journey than when you are a university student,” said Ellen Weber, IEI’s Executive Director. “Here at Temple, entrepreneurship serves as an inspiration to our students, who can test their ideas in classes or in hands-on workshops. At their fingertips, students have a built-in audience through which to test product and market fit as they prepare to launch, and we provide access to highly experienced mentors who can deliver direction, and funding through BYOBB, our annual Innovative Idea Competition, and the Mid-Atlantic Diamond Ventures, an independent organization that assists emerging technology-based companies in their effort to build sustainable businesses.”
“There are pockets of entrepreneurial activity throughout Temple,” said Dr. Robert McNamee, Assistant Professor of Entrepreneurship at the Fox School. “With the Entrepreneurship Academy, we’re working to create a community of practice across the university.”
According to Kerzner, TUEA is poised to immediately deliver a suite of educational seminars, sessions, and competitions geared toward Temple’s entrepreneurs. They will build upon the Academy’s inaugural workshop, “Doing Well While Doing Good,” which was offered in April 2015 and centered on social entrepreneurship.
This fall, TUEA has plans to offer educational sessions on the establishment successful freelance businesses; the development of prototypes; and the demystification of technology, among others, Kerzner said. The Academy also will welcome a series of Tyler School of Art alumni who have found success in careers as independent entrepreneurs, to speak to current art students.
The future plan is to expand TUEA into new space on the first floor of the 1810 building on Liacouras Walk, to make all of the entrepreneurial services more readily available to the university community.
Lastly, Kerzner said, TUEA has plans to create an on-campus retail space in a heavy-traffic area. The space, he said, will allow student entrepreneurs “a place to sell their products, as they explore the developmental stages, and receive customer feedback.”
“For this space, think retail store meets entrepreneurship testing lab,” Kerzner said. “It will be managed and staffed by students, and feature kiosks designed by students from the Tyler School of Art.
“The establishment of TUEA, and our abundant plans for this academic year, will take Temple’s commitment to entrepreneurship to the next level.”
A half-dozen students are blurring the line between a place of residence and a place of business.
A pot of coffee is brewing on the stove as the housemates amble through the living room. On this morning, one is eating homemade parfait out of a Tupperware container, while another texts feverishly from the edge of the couch. Two others are gathered near the kitchen table discussing their company, through which their friendship and careers intersect.
In all, six 20-somethings from Temple University inhabit a house near 19th and Diamond streets in North Philadelphia. Five currently live there. The sixth, who used to call the two-story townhouse his home, reports there daily for work.
The housemates refer to the house constantly by its street number. But it could just as well be called the House of Entrepreneurs.
It’s where eight businesses are operated between these six guys – three with Temple degrees, and three more set to graduate within the next two years. A number of those businesses are thriving and profitable. Others are either designated as not-for-profit, or are simply too new to turn a profit – at least for now.
“Money isn’t the priority at the moment,” said Jesse DiLaura, FOX ’16. “We’ve prioritized community, learning, and supporting one another over solidified careers.”
DiLaura would know this better than most. One of the house’s current residents, the rising senior switched majors at the Fox School of Business – from Risk Management, which boasts a 100-percent job-placement rate for its graduating students, to pursue a degree in Entrepreneurship.
While The Princeton Review and Entrepreneur magazine rank Temple’s undergraduate- and graduate-level degree programs in Entrepreneurship among the top-10 nationally, career paths for budding entrepreneurs aren’t so easily defined. That’s why these friends cull from their cumulative expertise to make their dreams more of a reality.
“If we need photography for a website, a social-media campaign, or for Kickstarter, we have somebody for that,” said Justin Swallow, TFMA ‘16. “If we need a videographer, a graphic designer, someone with experience writing business plans or working to secure seed funding, chances are someone in the house has done it already and can help you out.”
DiLaura and Swallow are two of the originals at the house. They moved in more than two years ago with Beau Rosario, TFMA ’14, who with the help of his brother, Clint, as well as Swallow and others operates a successful multimedia business out of the house’s basement. Brandon Study, FOX ’17, Tim Mounsey, FOX ’16, and Sean Hawkins, SMC ’18, live in the house, too.
The friends are a melting pot of skills, opinions, and experiences.
Over the summer, Study and DiLaura attended a Philadelphia-based pitch competition, where DiLaura won $500 and received personal congratulations from FUBU clothing-line founder Daymond John, one of the billionaire investors who appears on “Shark Tank.” At the event, John later fielded Twitter questions, one of which came from Study. He tossed a shirt from his fledgling clothing line onto the stage, where John picked it up and gave his approval for the design and concept behind Study’s business.
Those moments are not uncommon for these housemates.
From time to time, the guys within the house will develop business-plan models, then gather his housemates and curate his idea among them as though he’s pitching to John and the rest of the “Shark Tank” panel. More often than not, however, the friends discuss their separate ventures over informal meetings – in meet-ups over lunch, while squeezing in a video-game break to cut the tension from work, or on after-hours rides through the neighborhood on their longboards.
And friendship, they all agreed, does not get in the way of candor.
“We all accept and seek each other out for feedback,” Hawkins said. “We are all radically different people and we embrace that any comment is coming from a place of positivity. That’s why, while living here, it’s very easy to be inspired by one another.”
A stroll through the home, at 19th and Diamond, offers a glimpse of their collective creativity. The living-room walls are littered with samples of their work: Photography portraits of their friends, cropped tightly to show only their faces. Posterboards of past business-plan events that they have either hatched, competed in, or won. Discarded Philadelphia streetsigns rigged with lightbulbs, and converted into impromptu lighting fixtures.
Creativity, like entrepreneurship, is a thread that binds these students.
“The collective drive of this house and the diversity of projects being undertaken at any given time provides us with a depth of insight and experience that I think we all apply in our projects and businesses,” said Mounsey. “The collaboration that goes on here not only fuels professional success, but it fuels our personal success.”
“It’s safe to assume we talk a lot about our work, but we talk about our lives, too,” added Study. “It’s not just about forwarding our businesses; it’s about forwarding our friendships.”
Ellen Weber can attest to the value afforded by entrepreneurial collaborative space. As the executive director of Temple’s Innovation and Entrepreneurship Institute (IEI), Weber has spent most of her professional career working in the areas of entrepreneurship, investing, start-ups, and consulting.
With these students, Weber sees “a group that gives as much as it takes.”
“When entrepreneurs occupy collaborative, co-working spaces, they push one another, share ideas, and make one another better,” Weber said. “You can see the energy magnifying within entrepreneurs when they have mentorship opportunities like this. And for these specific students, they not only eat, sleep, and breathe entrepreneurship; they’re living it, too. It’s 24/7 for them, and it’s pretty remarkable.”
Like their academic majors, their business ventures are just as unique.
DiLaura, who will graduate from Fox in January, founded RepairU. The company offers iPhone and iPad repair services for college students by college students at discounted rates. He hopes to operate it out of a food cart near Temple’s Bell Tower by the start of the academic year.
Rosario, who in 2014 graduated from Temple’s School of Theater, Film and Media Arts (TFMA), got his start as a provider of wedding photography, videography, and disc jockey services. He turned Beau Rosario Photography into Philamedia, a commercial media provider. His brother Clint, who lived at the house during his breaks from Eastern University, is the company’s sound engineer. And Swallow, who graduated from TFMA in May, is Philamedia’s commercial videographer.
“We’ve grown from getting free furniture for doing a photoshoot at Kardon/Atlantic (Apartments at Temple) to now generating ads for SEPTA Silverliner, the Mann, the Philly Pops, and many more,” said Beau.
While Swallow is employed by Philamedia, he supports his housemates’ ventures. A graphic designer, Swallow has provided input and collateral for “pretty much every business that’s ever come through here,” DiLaura said.
Study, who will graduate in May, twice considered art school before pursuing an Entrepreneurship degree from the Fox School. He started a non-profit in 2015 called Into The Nations, to help artisans in developing countries develop sustainable business models. And in July, he launched a Kickstarter campaign for Understand Your Brand, an apparel company that utilizes all-natural dyes and an ethically responsible, no-waste factory in Cambodia that pays its employees above the living wage.
“We were learning about the state of the apparel business in this class at Fox, and I wondered, ‘Why is no one else panicking about this like me?’” Study said. “It started as a social-awareness campaign for the class, and it’s become so much more.”
Mounsey, who earned his Entrepreneurship degree in 2016, is a business development analyst by day with Philadelphia-based private equity firm, LLR Partners. He’s also founded a Temple-wide innovation festival, What IF, which held its inaugural events in April. Back in 2015, Mounsey also paired with Study to develop Cycle Clothing Company, a zero-waste lifestyle apparel company which became the foundation for Study’s Understand Your Brand Kickstarter. Their venture placed third in the social-impact track of Temple’s Be Your Own Boss Bowl, which is considered one of the nation’s most-lucrative college business plan competitions, according to Entrepreneur magazine.
“The success and marketing effort of What IF wouldn’t have been possible without the collaboration of our house,” Mounsey said. “Every design, marketing flyer, and video script was created in collaboration of at least two to three house members. It was the perfect opportunity for all of us to combine our expertise.”
Lastly, there’s Hawkins, who will graduate in 2018 with a Communication Studies degree from the School of Media and Communication. He’s presently in the pilot phase of launching a branding company, Big Boi Studios, and a related YouTube channel.
Six friends. Eight businesses. One house.
“If you would have asked me years ago about my college experience, I never could have envisioned it would look anything like this,” Rosario said, “and I hope I’m still doing something like this, and with these same guys, in 10 or 20 years.”
Temple University’s Fox School of Business will award Gerard “Jerry” H. Sweeney the 2016 Musser Award for Excellence in Leadership – the school’s highest honor, for outstanding achievement, leadership, and commitment to the community by a distinguished member of industry.
Sweeney will be honored at the 20th annual Musser Award reception and dinner Nov. 16, 2016, in Mitten Hall, on Temple University’s Main Campus.
Sweeney is President, Chief Executive Officer, and Trustee of Brandywine Realty Trust, which develops, builds, and manages the nation’s leading Class A office and mixed-use properties. He has held these roles since the company’s founding in 1994. He has overseen the growth of Brandywine, from four properties and a total market capitalization of less than $5 million to more than 33 million square feet and a total market capitalization of close to $5 billion.
“Jerry Sweeney has overseen Brandywine Realty Trust from its infancy through to today. He is directly responsible for helping the company flourish into a leader in the real estate industry,” said Dr. M. Moshe Porat, Dean of the Fox School of Business. “This year marks an anniversary. For two decades, we have honored distinguished business professionals with the Musser Award for Excellence in Leadership, and Jerry certainly fits that description.”
His previous industry experience includes serving as vice president of LCOR, Inc., a real estate development firm, from 1983-94. He was responsible for the marketing, management, construction, asset management, and financial oversight of a diversified portfolio of urban high-rise, mid-rise, flex, warehouse, and distribution facilities, as well as retail and apartment complexes.
Sweeney received a Bachelor of Science degree in economics from West Chester University.
A few of the previous Musser Award winners include the late Lewis Katz, former director of the Katz Foundation; Steven H. Korman, founder of Korman Communities; Joan Carter, co-founder and president of UM Holdings Ltd.; the late Ralph J. Roberts, founder of Comcast; Stephen A. Cozen and Patrick J. O’Connor, of Cozen-O’Connor; H.F. “Gerry” Lenfest, president and CEO of The Lenfest Group; and Dennis Alter, former chairman and CEO of Advanta Corp.
For sponsorship and reservation information, contact Amy Gurreri, Assistant Director of Special Events and Facilities, at 215-204-4889 or email@example.com.
Study: Smart technology – and not body cameras – more likely to reduce use of lethal force by police
When it comes to reducing instances of lethal force exhibited by police, a recent study suggests that wearable video cameras might not be the solution.
Researchers from Temple University’s Fox School of Business found that the use of analytics and smartphones to access intelligence, like criminal history reports, reduced instances of lethal force by police, while wearable video cameras were linked to increases in shooting deaths of civilians by police.
Dr. Min-Seok Pang and Dr. Paul A. Pavlou, from the Fox School of Business, utilized data from a comprehensive report by the Washington Post, to investigate how technology affects police performance and practice. The newspaper’s 2015 database compiled information from the 986 deadly shootings of civilians by police nationwide in 2015, from published news reports, public records, Internet databases, and original reporting.
Their study, titled “Armed with Technology: The Effects on Fatal Shootings of Civilians by the Police,” found that the use of body cameras by police led to a 3.64-percent increase in shooting deaths of civilians by police. Notably, body cameras produced a 3.75-percent increase in the shooting deaths of African Americans and Hispanics, but only a 0.67-percent increase in the deaths of Caucasians and Asians.
Meanwhile, instances of fatal shootings dropped by 2.5 percent when police departments conducted statistical analyses of digitized crime data or had real-time access to data via smartphones and information about a person of interest, the researchers found.
“Our findings suggest that body cameras generate less reluctance for police officers to use lethal force, because the wearable body cameras provide evidence that may justify the shooting and exonerate an officer from prosecution,” said Pavlou, the Fox School’s Milton F. Stauffer Professor of Information Technology and Strategy. “Instead, the use of data analytics and smartphones can reduce the use of lethal force by police.”
“There is a rush among police departments across the country to incorporate the use of body cameras by their officers, with millions of dollars being spent by federal and local governments,” said Pang, an assistant professor. “Instead, the decisions should be driven by evidence-based policy, and after careful consideration of scientific evidence.”
Click here to read more on their study.
Study: Job placement, salaries for Information Systems majors exceed national averages for college grads
Students who earned degrees in Information Systems (IS) earned higher starting salaries than their fellow business-school counterparts. And they benefited from one of the fastest national placement averages.
These statistics are just some of the findings from the latest edition of the Information Systems Job Index, produced by researchers from Temple University’s Fox School of Business, in partnership with the Association for Information Systems (AIS).
Published and released in June 2016, the second installment of the IS Job Index culls the responses of nearly 1,700 IS graduates of the Class of 2015, from 30 universities nationwide. Findings from the IS Job Index include:
- IS undergraduates earned higher starting salaries than the next-closest business-school graduates, with averages of $57,817 for undergraduates, and $67,632 for graduate students.
- IS students achieved an 80-percent graduation rate; compared to the national average of 40 percent.
- Of IS graduates, more than 35 percent are minorities, making the field more ethnically diverse than the U.S. college-graduate population. Yet there is still evidence of a glass ceiling, as female IS graduate students made less ($63,206) than their male peers ($72,001).
“The Information Systems Job Index demonstrates the strength of the IS field, in regard to jobs, salaries, demographics, and industry growth,” said co-author Dr. Munir Mandviwalla, Chair of the Management Information Systems (MIS) department at Temple University’s Fox School of Business. “This data is critical for parents of college-age children, current and prospective students seeking an accurate job outlook, employers, and policymakers – and it cannot be found anywhere else.”
“The IS Job Index represents a major effort to capture the pulse of the Information Systems job market,” said Jason Thatcher, President of AIS. “The results confirm that the hot IS job market continues to strengthen, with growing demand for technically apt, socially skilled college graduates.”
Mandviwalla conducted research for the IS Job Index and co-authored it along with Dr. Crystal Harold, Associate Professor of Human Resource Management at Temple’s Fox School, and David Yastremsky, a senior MIS major in the Fox School Honor’s program.
The AIS-Temple Fox School Job Index is the only systematic assessment of the IS job market. It is a joint project to produce reliable national-level data on placement, job type, satisfaction, and related factors like career services, knowledge level, preparedness, and search strategies.
More: To read the Information Systems Job Index, visit isjobindex.com.