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Testimonials

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Sandro Rosell
FC Barcelona President
Thursday, August 24, 2017

One of the complicated issues that dominated the 2016 presidential election was that of the struggles of a new generation seeking a college education. Because annual tuition costs have essentially skyrocketed at both private and public colleges, the affordability factor as well as the mounting student debt that would be incurred have left parents and students in a quandary as to whether there are sufficient merits in even obtaining an undergraduate degree.

Yet, there appears that good news is on the horizon. While unrelenting critics have severely critiqued the CUNY system for decades, it now appears that at least two of the colleges in their impressive network have been prestigiously ranked by Money Magazine.

Utilizing data based on employment results of graduates and salary earnings, the magazine has ranked CUNY’s Baruch College as number 1 on the list of the best public colleges.

According to a Washington Post report, this year Money Magazine added a new set of data records in which to proffer their college ranking justification. Known among the denizens of the higher education sphere as “Chetty data”, it is eponymously named for Raj Chetty, a distinguished professor at Stanford who has headed up a team of economists who have gained access to anonymous tax records that span generations. In January, the group tracked students from nearly every college in the country and measured their earnings more than a decade after they left campus, whether they graduated or not.

Moreover, the data clearly showed that CUNY’s Baruch College transformed into a virtual powerhouse for propelling almost six times as many low income students into the middle class and beyond, as all eight Ivy League campuses combined.

According to the Princeton Review, each year there are over 20,000 applicants to Baruch College and there is a 31% acceptance rate. The average tuition costs are approximately $14,500 for out-of-state tuition with a financial aid rating of 80%. The SAT scores of prospective applicants are 1090-1360 in reading and math.

History

In 1919, the City College of New York established a School of Business and Civic Administration, offering its first MBA program one year later. The school was renamed in 1953 in honor of Bernard M. Baruch, noted statesman and financier, who was instrumental in the school's formation. In 1968, after the addition of arts and sciences departments and degree programs, Baruch became a senior college within the CUNY system.

Known as a school that attracts future leaders in business and real estate among other diverse fields, Baruch College is known for its Zicklin School of Business. It was established in 1919 and is named after financier and alumnus Lawrence Zicklin. The current dean is H. Fenwick Huss, formerly dean of the J. Mack Robinson College of Business at Georgia State University. Zicklin is the only unit of the City University of New York that is accredited by the Association to Advance College Schools of Business (AACSB).

Zicklin offers the following degree programs: BBA, MBA, Executive MBA, MS in finance, MS in information systems, an MBA in Health Care Administration, and an MS in Industrial and Labor Relations. Joint degrees are available with other institutions, such as a JD/MBA (with Brooklyn Law School or New York Law School, and a Ph.D. in Business (with the CUNY Graduate Center).

The BBA program offers majors in Accountancy, Computer Information Systems, Economics, Finance, Industrial/Organizational Psychology, International Business, Management, Marketing Management, Real Estate, and Statistics and Quantitative Modeling.

Zicklin also has a number of specialized or cross-disciplinary centers and institutes, including:

Lawrence N. Field Center for Entrepreneurship, which draws together faculty, students, advisors, alumni and volunteers to support start-ups and established businesses and the college’s constituents.

Steven L. Newman Real Estate Institute, which provides applied research, continuing education and conferences to the real estate industry.

Wasserman Trading Floor/Subotnick Financial Services Center, which includes a functional trading floor with 55 professional workstations, providing experiential learning opportunities.

Weissman Center for International Business, which supports international opportunities for students, including international internships, study abroad programs, and seminars with international executives.

Robert Zicklin Center for Corporate Integrity, which provides a forum for discussion of issues related to business ethics, including: transparency of corporate reporting, corporate governance, legal and ethical corporate behavior, executive accountability, corporate responsibility in global business development, risk assessment and amelioration, conflicting corporate stakeholder interests, and the role of governmental regulation.

By: Bert R. Dweck

(Bert R. Dweck is the president of the Young Journalists Initiative at the Jewish Voice)