2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013...
-
Upload
lorin-mosley -
Category
Documents
-
view
220 -
download
0
Transcript of 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013...
![Page 1: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/1.jpg)
2013 Student-Faculty Conference
Business, Economics and Management
Thursday February 14th, 20131:00 PM
153 Noyes
![Page 2: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/2.jpg)
Committee Members
Faculty:
• Peter BossaertsWilliam D. Hacker Professor of Economics and Management and Professor of Finance
• Jean-Laurent RosenthalRea A. and Lela G. Axline Professor of Business Economics
Students:
• Misha RaffieeJunior, Student Chair
• Arjun ChandarSenior
• Michael PaluchniakJunior
• Benjamin RazonJunior
![Page 3: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/3.jpg)
Discussion Topics• Identify issues within the BEM major
▫Overall option concerns▫Graduation requirements under new core▫Additional course topics
• Research and internship opportunities
• Option Considerations▫BEM club reestablishment▫Linde Institute of Economics and Management
Sciences▫Option Mentors
![Page 4: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/4.jpg)
Overall Option Concerns
![Page 5: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/5.jpg)
Primary Option Concerns
•Lack of student-faculty interaction▫Discussion indicates need for establishment of
a new faculty position
• Need more research opportunities in BEM▫Only 3 out of 33 survey respondents have done
economics SURFs▫No students have done research in any other
BEM areas (including finance)
• Few networking opportunities through Caltech channels
![Page 6: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/6.jpg)
Curriculum Concerns
• Insufficient variety in elective offerings
•Large number of elective courses listed under BEM requirements are no longer offered
•Over half of the survey respondents indicate BEM coursework is too theoretical▫Major focus is too heavy on proofs of theoretical
finance▫Results suggest a larger focus on real data analysis
is needed
![Page 7: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/7.jpg)
Faculty Concerns
•Not enough variety in graduation requirements▫Too heavy on finance▫Need for greater emphasis on competitive
strategy
•Inadequate faculty resources to offer more courses
•Too much dependence on a small number of faculty members to handle logistics
![Page 8: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/8.jpg)
Graduation Requirements
![Page 9: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/9.jpg)
Core Math Requirement
Ma 2 - Differential Equations
YesNo
Ma 3 - Probability & Statistics
YesNo
22/22 responders
fully support requiring Ma
314/20
responders, 70%
Undergraduate Recommendation: Require Ma 2 and Ma 3 as BEM graduation requirements
6/20responders,
30%
![Page 10: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/10.jpg)
Programming Requirement
CS 1 – Introduction to Programming
YesNo
General Pro-gramming Re-
quirement
YesNo21/26
responders, 80.8%
Undergraduate Recommendation: Add CS1 or an approved programming equivalent as a
requirement
5/26responders,
19.2%
23/26 responders,
88.5%
3/26 responders,
11.5%
![Page 11: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/11.jpg)
Elective Requirements
E 102 and E/ME 105
YesNo
22/22 responders
fully support requiring Ma
3
17/22 responders,
77.3%
Undergraduate Recommendation: Add E 102, E 103, and E/ME 105 as options to fulfill
graduation elective requirements
5/22 responders,
22.7%
• E/ME 105: Product Design for the Developing World
• E 102: Entrepreneurial Development
• Other course recommendations from survey: E 103 (Management of Technology)
![Page 12: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/12.jpg)
Additional Course Topics•Respondents listed the following as topics
they would like to see included in BEM courses:▫ Consulting
▫ Strategy▫ Venture Capital▫ Marketing▫ Start-ups▫ Information systems▫ Web
marketing/Search Engine Optimization (SEO)
▫ Mathematical finance
▫ Sales▫ Analysis of
financial documents
▫ Institutional knowledge (knowledge of the finance industry)
![Page 13: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/13.jpg)
Seminar Course – BEM 10• 20 of 21 responders (95%) recommend
offering a BEM seminar course• Directed towards freshmen and sophomores
▫ Aid in search for SURF projects and internships▫ Provide opportunity to meet professors▫ Give overview of BEM and help students select
major
• Survey recommendations:▫ Provide introduction to institutional knowledge
“Who are the players in finance? What are their roles?”
▫ Collaboration with the economics department▫ Bring in alumni and other outside professionals in
BEM fields
![Page 14: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/14.jpg)
Research and Internships
![Page 15: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/15.jpg)
BEM SURFs• All 3 of the BEM SURFs
done by undergrads were in Economics▫Interest expressed
about uncertainty around securing any type of SURF
▫Interest in other disciplines of BEM was mentioned
OtherBEM
13/16responders,
81.3%
3/16 responders,
18.8%
Undergraduate Recommendation: Expand research programs in BEM fields, encourage
BEM professors to take on SURF students, and educate undergrads about professors in BEM
areas other than economics
![Page 16: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/16.jpg)
Internships• 14 of 30 have done
some internship▫Many responders
mentioned a very difficult time finding internships
• Recommendation:▫Stronger focus on
promoting and using connections to get BEM related companies to recruit on campus
Done a BEM/Fi-nance Related
Internship?
Yes
No25/30
responders, 83.3%
5/30responders,
16.7%
![Page 17: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/17.jpg)
iNet Internship Network• Found online, other top universities are using
▫Exclusive▫Duke, Georgetown, Harvard, MIT, NYU,
Northwestern, Rice, Stanford, Penn, USC, and Yale▫Lists 1200 outstanding unique internship
opportunities as of 2/13
• Recommendation:▫Work closely with the Career Center to get
membership to this to expose students to many more opportunities being offered to other top students in the US
![Page 18: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/18.jpg)
Additional Option
Considerations
![Page 19: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/19.jpg)
BEM Club• Proposed club
responsibilities from survey results:▫Primary focus:
Networking▫Employment
opportunity announcements
▫Interview preparation▫Real-life trading
experience
YesNo23/29
responders, 79.3%
6/29 responders,
20.7%
Undergraduate Recommendation: Reestablish BEM Club through a possible partnership with
the Student Investment Fund
![Page 20: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/20.jpg)
Linde Institute of Economics and Management Sciences
• Most undergraduates have never heard of the Linde Institute▫Even less have
utilized it
• Recommendation:▫Create email list for
all declared BEM majors Internship, research
opportunity, speaker, and networking event announcements
Awareness of the Linde Institute
Yes
No26/31
responders, 83.9%
5/31responders,
16.1%
![Page 21: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/21.jpg)
Option Mentors
•Provide option related guidance▫Major requirements▫Course selection▫Advise undecided frosh
•Option socials▫Opportunity to meet people in your option, but
outside of your house and class
•Sign up▫Email any ARC rep (find us at arc.caltech.edu)
![Page 22: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/22.jpg)
Recommendations
![Page 23: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/23.jpg)
Graduation Requirements
• Have both Ma 2 and Ma 3 be BEM graduation requirements
• Add CS 1 or an approved programming equivalent as a requirement
• Add E 102, E 103, and E/ME 105 as options to fulfill graduation elective requirements
![Page 24: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/24.jpg)
Improving Course Quality
• Emphasize more practical applications in course material
• Have additional office hours or opportunities for students to address questions
• Make use of Piazza as a resource for students to clarify problems
• Hire additional faculty to allow the possibility of offering a broader range of courses
![Page 25: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/25.jpg)
Research and Internships• Expand research programs in BEM fields and
encourage BEM professors to take on SURF students▫ Creation of new faculty position▫ Advertisement of professors in BEM areas other
than economics
• Implement a stronger focus on promoting and use connections to get BEM related companies to recruit on campus
• Work closely with the Career Center to get membership to iNET to expose students to many more opportunities being offered to other top students in the US
![Page 26: 2013 Student-Faculty Conference Business, Economics and Management Thursday February 14 th, 2013 1:00 PM 153 Noyes.](https://reader035.fdocuments.net/reader035/viewer/2022062516/56649e665503460f94b605fa/html5/thumbnails/26.jpg)
Additional Recommendations•Reestablish BEM club with an emphasis
on networking
•Create email list for Linde Institute announcements for all declared BEM majors
•Option representative office hours