University of Washington Michael G. Foster School of Business

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1 University of Washington Michael G. Foster School of Business RECRUITMENT AND SCHOLARSHIPS/FELLOWSHIPS What programs and initiatives has your school found successful in the recruitment of minority and/or female students? The University of Washington Foster School of Business recruits minority undergraduate students and professionals in a number of ways. It offers oncampus information sessions and presentations aimed at prospective minority students through student clubs and offices, including: Black Business Association Early Identification Program (office of minority affairs) Undergraduate Women in Business University of Washington Native American undergraduate students The school also offers an MBA information session for visiting Heritage University students. Heritage University has a predominantly Hispanic and Native American populace, with more than 65 percent of their students coming from low-income families. The Foster School of Business collaborates and partners with the NBMBAA and NSHMBA to support and encourage minority MBAs with networking and career opportunities. The school also participates in the NBMBAA and NSHMBA events, including the annual conferences, to recruit minority professionals and undergraduate students. Other on- and off-campus events include: BEDC Annual Minority Dinner The BEDC annual minority dinner offers students the opportunity to recognize, encourage and expose/network with dynamic leadership in the Seattle community. This dinner is for minority undergraduates and graduate students at the Foster School of Business. Diversify Annual Event This event s participants are undergraduate minority student clubs, the local Chamber of Commerce, local minority organizations and community colleges, and the UW office of minority affairs. It promotes and educates undergraduate students on the value of an MBA in a diverse marketplace. Accelerate Annual Event For diverse working professionals. This event accelerates focuses on how one can catalyze leadership potential with an MBA. BEDC Minority Business of Year Award Dinner The BEDC Minority Business of the Year Award Dinner recognizes minority-owned business leaders in Washington state. The MBA prospective referral program is highlighted to all dinner attendees. Finally, the Foster School of Business cosponsors events with local companies, such as the Starbucks Lunch and Learn, to inform prospective students about the UW Foster MBA for diverse employees. Other local community information sessions/presentations are hosted with: Washington State Hispanic Chamber of Commerce Indian Professionals Group Society of Hispanic Professional Engineers Urban League Tabor 100 Starbucks, Microsoft and Expedia (in conjunction with the local NSHMBA chapter) Please describe any scholarship and/or fellowship opportunities for minority and/or female students attending your school. Aguilar Scholarship This scholarship is awarded to a graduate student in business who is of Latin American heritage and a U.S. citizen or permanent resident. If there are no qualified applicants, the scholarship will be awarded to an undergraduate student meeting the qualifications. The scholarship will be awarded to a person enrolled in the Foster School of Business full-time or part-time MBA program, executive MBA program or technology management MBA program. The scholarship will be awarded for one year. Failure to remain in good academic standing or to make satisfactory progress toward a degree may result in withdrawal of the scholarship. The scholarship recipient will join the Business and Economic Development Center (BEDC) through which he/she will participate in efforts to grow Hispanic-owned businesses in Washington, conduct a study or provide a scholarly paper on a topic or subject related to Latino economic development in Washington state. The specific role and tasks of the scholarship recipient will be determined with the director of the BEDC. We anticipate the total hours of work spent pursuing these efforts will be 50 hours or more during the academic year for which the award is granted. 843

2 In , two $6,000 Aguilar scholarships will be awarded. GO-MAP Scholarships GO-MAP administers programs providing funding for students whose individual experiences and/or academic interests will bring diversity to scholarly perspectives and endeavors, and to the academic community. The GO-MAP awards are based on merit, financial need and diversity, and require a departmental nomination by the student s graduate program coordinator. No individual student applications are accepted. Awards vary in amount and historically have covered half to full tuition. All awards are contingent upon the student s admission to the UW graduate school. GO-MAP encourages the nomination of students who have achieved academic merit despite significant social, economic or educational challenges, such as students who are the first generation to attend college or graduate school, or students whose educational training has not exposed them to a wide array of resources. Students do not apply directly to GO-MAP for diversity fellowships and financial assistance; instead, applicants must be nominated by their graduate program to our office. Eligible admitted and current students are nominated by the Foster MBA program each year in the spring quarter. UW Foster merit-based and need-based scholarships The Michael G. Foster School of Business provides scholarships to more than half of the students in the MBA program. There are two forms of scholarships available: merit-based and need-based. Merit-based scholarships are awarded to both domestic and international students. First-year awards are based on competitive factors you provide in the application for admission, including your GMAT score, GPA and admission interview. No additional scholarship application is required. Second-year merit scholarships are awarded based on GPA during your first year in the MBA program, involvement in and contribution to student clubs, and activities and demonstration of professionalism. Second-year students must apply for merit scholarships using an online application available during winter quarter and due in mid-april. Need-based scholarships are awarded to first-year and second-year students based on financial need as determined by the Free Application for Federal Student Aid (FASFA). Both incoming and current students must complete the online scholarship application to be considered for need-based funds. Priority is given to students who file the FAFSA by the February 28th deadline and who also file the online scholarship form and submit all required supplemental materials by the April deadline. PROMINENT ALUMNI/FACULTY Please provide information about prominent minority faculty members at your school. William Bradford, professor of finance and business and Economic Development Endowed Professor Professor Bradford is a renowned expert in corporate control, financial markets, and small and minority business issues. His work has been published in academic journals such as the Journal of Money, Credit and Banking, Journal of Small Business Management, Review of Income and Wealth and the Journal of Finance. He has earned awards and fellowships, including the 2007 Undergraduate Instructor of the Year for Finance and Business Economics, the 1987 Rockefeller Foundation Research Fellowship and the 1985 Distinguished Alumni Award from Ohio State University. He was a Federal Reserve Board Visiting Scholar in 1981 and Mellon Foundation Fellow in Bradford joined the University of Washington in 1994 as dean of the Foster School of Business, a position he held until Prior to joining the UW faculty, he taught at the University of Maryland School of Business and Management, where he served as associate dean of academic affairs from 1991 to 1994 and chairman of the finance department from 1984 to From 1972 to 1980, he was assistant and associate professor at Stanford University. Thaddeus Spratlen, professor emeritus of marketing and faculty director of the business and economic development program Professor Spratlen has been at the University of Washington since He has received numerous awards, including the 2004 Dean s Citizenship Award, the 1993 and 1999 Andrew V. Smith Faculty Development Award, the 1986 Frederick Douglass Scholar Award from the National Council of Black Studies Pacific Northwest Regional Conference and the 1976 Doctoral Consortium Faculty of the American Marketing Association. Spratlen specializes in retailing management and strategy, marketing and urban enterprise development, social issues in business, government regulation and public policy in tobacco advertising and harmful products, and affirmative action. His work includes Cigarette Smoking and Societal Quality of Life, in New Dimensions in Marketing/Quality of Life Research, Targeting Vulnerable Segments in Cigarette Advertising: Ethical Criteria and Public Policy Implications, in Developments in Marketing Science (May 1993) and Marketing: A Social Responsibility, in Marketing Management. 844

3 Detra Montoya, assistant professor of marketing Professor Montoya earned her MBA and PhD from Arizona State University, and her BSBA cum laude from the University of Arizona. She joined the University of Washington in In 2005, she was awarded the AMA-Sheth Doctoral Consortium Fellow by the University of Connecticut. She also received the 2004 AMA Valuing Diversity Scholarship and 2003 Center for Services Leadership Doctoral Student Research Award. Montoya specializes in product preferences, product systems, retail shelf space strategies and multicultural marketing. Her work has been published in academic journals, including the Journal of Business Research and European Retail Digest. Her current research focuses on how the type of goals and product attributes affect preferences for product systems, how the amount of shelf space and the presence of other similar consumers influence brand preferences at the retail shelf, and Hispanic consumer behavior. Please provide information about prominent minority alumni from your school. Kenneth Denman, MBA 1986, chairman, president and chief executive officer, ipass Ken Denman joined ipass in 2001, where led the successful efforts to transform ipass into a world leader in platform-based enterprise mobility services. In the first two years under his leadership, ipass doubled its revenues and achieved both positive cash flow and sustained profitability. He led a successful initial public offering in 2003, and three strategic acquisitions that significantly broadened the company s product portfolio, extended its technology foundation and fortified its engineering capabilities. Denman s career spans more than 20 years in the global telecommunications and IT industries. Before joining ipass, Denman founded AuraServ Communications, a managed service provider of broadband voice and data applications, and served as its president and CEO. Earlier, he served as senior vice president at MediaOne s National Markets Group. He also served as chief operating officer of Media One s International Wireless Group, leading international joint ventures including Era GSM, which became Poland s leading wireless provider, and Westel 900, Hungary s leading wireless provider. As vice president and general manager of Wholesale Wireless Markets at US West, Denman tripled revenue in just two years. David Matheson, MBA, tribal leader, author and retired chief executive officer, Coeur d Alene Casino & Resort Hotel David Matheson is a member of the Coeur d Alene Indian Tribe and has served as a council leader, tribal chairman (from 1982 to 1985) and manager of various tribal operations. He has served as the deputy commissioner for Indian affairs for the U.S. Department of the Interior, the CEO for Coeur d Alene Development Enterprises, an adviser for the President s Commission on Reservation Economies, a delegate to the People s Republic of China s Native American Trade Mission and a recipient of a commendation from the Secretary of the Interior for Outstanding Service. He is also an awardwinning author for historical fiction for his book Red Thunder. Joanne Harrell, MBA 1979, general manager, executive relationship program, Microsoft In addition to her position at Microsoft, Joanne Harrell serves on the board of directors of Recreational Equipment Inc (REI) and is chair of the board of directors for AAA of Washington. Her previous roles include senior vice president of InfoSpace, president and CEO of United Way of King County, and vice president and CEO of US West (now Qwest), Nebraska, where she led a team of more than 3,000 employees. Please provide information about prominent female faculty members at your school. Karma Hadjimichalakis, principal lecturer in business economics and finance In addition to her role as principal lecturer, Dr. Hadjimichalakis is the Evert McCabe Faculty Fellow and faculty director of the Pacific Rim Bankers program. She has been a member of the UW faculty since From 1980 to 1982, she also served as visiting economist for the board of governors of the Federal Reserve System. Hadjimichalakis previous research has focused on monetary policy and banking, financial markets, domestic and international macroeconomics and Pacific Rim economies. She co-authored Contemporary Money, Banking, and Financial Markets: Theory and Practice, which was published in 1995, and Contemporary Macroeconomics: Theory and Policy, published in Her current research interests include monetary policy and banking and the Asian financial crisis. She has received numerous awards for her teaching, including the 2006 Ron Crockett Award for Academic Excellence in Business, 2006 MSMBA Excellence in Teaching Award, 1999 Charles Summer Outstanding Teaching Award, 1998 PACCAR Teaching Excellence Award and 1998 Management Program Instructor of the Year Award. Hadjimichalakis earned the TMMBA Excellence in Teaching Award in 2002, 2004 and 2006, the EMBA Excellence in Teaching Award regional option from 1998 to 2001 and in 2003, and North America option from 2000 to 2004 and in 2006 and 2007 and the MBA Professor of the Year Award in 1984, 1987, 1999 and Debra Glassman, senior lecturer in business economics Dr. Glassman specializes in international finance, global macroeconomics, international trade policy and institutions, and European business. Her work has been published in academic journals, such as the Journal of Empirical Finance, Review of Financial Studies and Oxford Economic Papers. Her current research focuses on home bias in international portfolio management, and the World Trade Organization and international trade disputes. Glassman has been at the Foster School of Business since 1992, where she is faculty director of the Global Business Center and Certificate of International Business Studies. Prior to UW, she was assistant professor at the UW Jackson School of International Studies from 1989 to 1992, and associate professor of economics at the University of British Columbia from 1987 to Glassman serves on the Phi Beta Kappa executive committee, the European Union Center executive committee, the Center for West European Studies steering committee and environment executive steering committee. 845

4 She received the Class of 2006's Evening MBA Professor of the Quarter for Autumn in 2005 and 2006, the Evening MBA Class of 2004 s Elective Professor of the Year Award and Class of 2003 s Professor of the Year Award, both in 2003, and the Global EMBA Excellence in Teaching Award from 2001 to In addition, she earned the 1993 Financial Management Association Competitive Papers Award. Xiao-Ping Chen, professor of management and organization Professor Chen serves as Evert McCabe Fellow and cochair of management and organization department. She has published research on decision making, social dilemmas, conflict management, leadership, organizational citizenship behavior, employee turnover and cross-cultural management. Her articles have been published in numerous journals, including the Academy of Management Journal, Asia Pacific Journal of Management, Management and Organization Review, International Journal of Intercultural Relations, Journal of International Business Studies, Organizational Behavior and Human Decision Processes, Journal of Experimental and Social Psychology, International Journal of Cross-cultural Management, Management Science, Journal of Applied Psychology, Academy of Management Review, Journal of Cross-Cultural Psychology and the Journal of Personality and Social Psychology. She has also written two books, The Art of Balancing Work and Life and Managing Across Cultures, both published in Chinese. Chen joined the University of Washington faculty in Prior to that she was assistant professor at Indiana University s Kelley School of Business and the Hong Kong University of Science and Technology. She earned her PhD and MA at the University of Illinois at Urbana-Champaign and her MEd and BS from Hangzhou University. Please provide information about prominent alumnae from your school. Sue Mecklenburg, MBA 1992, vice president of business processes and social responsibility, Starbucks Coffee Company As the vice president of sustainable business practices, Sue Mecklenburg is the leader of many Starbucks green initiatives. Under her leadership, Starbucks set new standards for coffee and farmer equity (CAFE) practices that ensure farmers receive a fair price for growing high-quality coffee in environmentally and socially responsible ways. Starbucks now procures 75 million pounds of its coffee under the CAFE practices model and has aggressive plans to expand the program. Michelle Gass, MBA, senior vice president of global strategy, Starbucks Coffee Company Prior to her position as senior vice president, Michelle Gass was the Starbucks head of global products. Today, her responsibilities include overseeing more than 250 products. CURRICULUM AND RESEARCH Please provide information on any classes and concentrations that focus on issues related to women or minorities. Women at the Top At a time when new voices need to be heard and social responsibility corporate and otherwise is more important than ever, an increasing number of women are coming forward to think and lead in new ways. Can these new female leaders make a different kind of difference? What visions do they have? What can we learn from them as we develop our own visions and leadership styles? On five Tuesday evenings in October 2008, five female leaders shared their stories and catalyze discussions on issues crucial to women and men preparing to step into their own leadership positions. Multinational Business Management Managerial responses to problems of international business organizations and operations. Strategy formulation in an international context; design and control of multinational organization; adaptation of management systems and policies to different economic, sociocultural and political environments. Managing Effectively Across Cultures Examines how, with increasing globalization of business, employees at all levels of corporations often work and interact with people from different nations and cultures, and how they need an understanding of cross-cultural management and challenges of international settings. Please describe any faculty and/or student research projects that focus on diversity, multiculturalism and minority issues. Business and Economic Development Center (BEDC) The BEDC tracks statistics on the African-American, Hispanic and Native American business communities in Washington state. The center, in conjunction with the Puget Sound Business Journal, delivers an annual report to the state which reports on the growth, health and economic impact of these sectors of the regional economy. Also, there are annual awards to the businesses in each of these communities for the highest growth and fastest-growing new companies. The research arm of the BEDC funds research projects each year on issues connected to the regional minority business communities. The topics vary, but have included the impact of access to capital relative to other businesses, the business opportunities in regional Spanish-language markets, and opportunities for diversification for tribal ventures founded on gaming revenue. Students have been involved in all the BEDC research efforts. 846

5 Please describe any symposiums or special lectures that focus on diversity and minority issues organized and/or sponsored by your school. Women in Business sponsors an annual symposium on work/life balance. Women in Business also sponsors a speaker series that addresses women in leadership and specific issues faced by women from underrepresented minorities. ORGANIZATIONS AND STUDENT LIFE Please provide information on your school diversity student and alumni organizations. Diversity Group foster.washington.edu/mba/students/life/diversity.aspx The Diversity Group has four officers and 19 members. It meets every two weeks. The group works on two websites, a club website (currently being reconstructed) and a diversity page of the MBA program website. The group focuses on three areas within the UW MBA program: Promote more opportunities in the MBA curriculum and student activities to teach students how to effectively leverage the value of diversity as business leaders Link students from diverse backgrounds with company recruiters focused on diversity recruiting Support diversity recruiting in MBA admissions National Society of Hispanic MBAs (NSHMBA) The Foster School of Business provided the catalyst for launching the Seattle chapter of NSHMBA, which was formed by MBA alumni living in Seattle who graduated from MBA programs at UW as well as Darden, UCLA, Cornell and other schools. The organization meets monthly and sponsors events, often at the Foster School of Business, providing networking opportunities for past and present Hispanic MBA students. Members also promote and coach prospective MBA students from the Hispanic business community and undergraduate students in regional schools. Women in Business Women in Business has six MBA officers and 35 student members, making it one of the largest student clubs in our program. The group has lunch meetings every other week and sponsors a speaker series with two speakers each quarter. The group focuses on advancing women in business leadership positions and on work/life balance. The group has a large, dedicated group of women alumni who participate extensively in the speaker series and networking events. The group has joint events with the undergraduate Women in Business club as well as the Seattle Women in Business organization. Some MBAs are members of this Seattle organization as well as the student organization. MBA Mentors Program The Foster School of Business MBA Mentors Program has 65 mentors from the very top level of the Seattle business community including many CEOs, COOs, CFOs, company presidents, venture capitalists and government officials. Among this group are women and individuals from underrepresented minority communities who have a strong interest in connecting with and mentoring women and minority MBA students. One woman mentor, in particular, not only serves as a mentor to a group of women MBA students, but also leads seminars in building a network and a career as a woman. Please also provide information on any programs, including on-campus and universitywide programs in which MBA students participate that focus on issues related to women or minorities. GO-MAP In addition to funding graduate scholarships for minority MBA students, GO-MAP sponsors receptions through the year that bring together minority students from all the graduate and professional programs within the university. These events are intended to help students connect and build professional networks with other minority students with very diverse backgrounds and career interests, including students in medicine, law, public affairs, engineering, business, sciences and other areas. GO-MAP also sponsors one large reception each year as an open house to introduce prospective graduate students from underrepresented minority groups to the wide spectrum of graduate programs on the University of Washington campus. Each program shares the scholarship opportunities and support services specifically provided to minority students. Please provide information on any institutes and/or related programs that focus on diversity. The Business and Economic Development Center is at the heart of the Foster School of Business commitment to diversity. This center is jointly funded by about 25 major companies in the region and 25 minority community organizations. BEDC addresses minority student recruiting efforts at both the graduate and undergraduate level, sponsors student field projects aiding minority-owned businesses, sponsors faculty research projects looking at issues related to the minority business community, provides educational seminars and networking events for people in minority business communities, as well as a number of other activities. 847

6 Please describe any off-campus resources, activities, programs and/or organizations that may be of interest to minority or female students. Seattle Urban League Young Professionals Number of alumni: Four This group includes many young African-Americans working in various industry sectors in the Seattle area. Washington State Hispanic Chamber of Commerce Number of alumni: 10 This group includes many members of the regional Hispanic business community in various industry sectors. The chamber sponsors a fundraiser each year to raise money for the Ernest J. Aguilar Scholarship. Mr. Aguilar was the founder of this organization. CAREER OPPORTUNITIES Please describe any diversity recruiting events for employers recruiting minority and/or female students at or near your school. We partner with the Seattle chapter of the National Society of Hispanic MBAs to sponsor events linking current and past MBAs with companies seeking employees in the region. We also partner with the Washington State Hispanic Chamber of Commerce for two events each year connecting employers with Hispanic and Spanish-speaking MBA students. STRATEGIC PLAN AND LEADERSHIP Please provide your school s diversity mission statement. The overall mission statement of the school, as well as our top five priorities, include a focus on diversity. We are an entrepreneurial learning community dedicated to the creation, application and sharing of knowledge that places special emphasis on hightech environments. Top five priorities Improve student learning experiences in all programs Promote cross-campus collaboration Attract and retain a diverse group of faculty, staff and students Continue to expand revenue-generating programs Create modern facilities to support education and research How does your school s leadership communicate the importance of diversity to your student body, faculty and administration? The school has a diversity committee composed of faculty, staff and students who meet regularly to discuss strategy and tactics to address diversity as one of the top five priorities of the school. This includes distribution and review of surveys, diversity awareness efforts, monitoring of diversity recruiting for students, staff and faculty, and ways to leverage existing diversity within the school to enhance interpersonal skills and the working atmosphere of the school for all faculty, staff and students. Please provide any additional information regarding your school s diversity initiatives that you wish to share. The Foster School of Business is part of the diversity research conference. A number of business schools, including our school, recruit heavily at this conference, which focuses on academic scholarship on diversity issues. DEMOGRAPHIC INFORMATION Please describe the demographics of your most recent entering class. Percentage of female students: 37 percent Percentage of minority students: 32 percent White/Caucasian: 46 percent African-American/Black: 3 percent Hispanic/Latino: 4 percent Asian: 22 percent Middle Eastern: 4 percent Average age of students:

7 Average years of pre-mba work experience: Five Please describe the geographic diversity of your most recent entering class. Distribution of students from different U.S. regions: Mid-Atlantic: 10 percent Midwest: 4 percent Northeast: 6 percent South: 4 percent West: 76 percent Please describe the selectivity of your school for the most recent application cycle. Number of applicants: 676 Number of admits: 212 Number of matriculants: 102 Please provide student employment information for the most recent graduating class. Average starting salary: $86,667 Percentage of students entering different industries: Consulting: 12 percent Consumer products: 19 percent Energy: 1 percent Financial services: 38 percent Media/entertainment: 2 percent Nonprofit: 4 percent Pharmaceutical/biotechnology/health care products: 8 percent Real estate: 6 percent Technology: 10 percent Percentage of students working in different functions: Consulting: 12 percent Finance/accounting: 34 percent General management: 11 percent Marketing/sales: 26 percent Information technology: 4 percent Operations/logistics: 3 percent Other: 10 percent Major recruiting companies: Accenture Consulting Amazon.com Akona Consulting Bank of America Expedia Hewlett-Packard Hitachi Consulting Microsoft PACCAR PricewaterhouseCoopers RealNetworks T-Mobile Wells Fargo Bank 849