June 25, 2013

To the Baruch College Community:

As you know, we are now in the process of implementing Baruch’s new Strategic Plan 2013-2018. As we wrap the academic year and continue moving toward our goals, I want to provide you with two timely updates on our progress:

Strategic Goal I: Enrich and Expand Academic Offerings

Yesterday, the Board of Trustees for the City University of New York approved the establishment of a joint Business Ph.D. program that henceforth will have Baruch College conferring the degree together with the Graduate Center. We will begin awarding the joint Ph.D. degree in business in the academic year upcoming. Working in close coordination with the leadership of the Graduate Center, the jointly offered program acknowledges Baruch’s unique role in teaching, mentoring and supervising business doctoral students since 1970. Students in the Ph.D. Program in Business specialize in one of five areas: accounting, finance, information systems, marketing or management. The Ph.D. continues the strategic growth of the Zicklin School’s academic offerings, which have been ranked nationally by U.S. News & World Report, Forbes, and Newsweek, among others.

There are approximately 500 U.S. business schools accredited by the Association to Advance Collegiate Schools of Business (AACSB); fewer than 70 are able to award a doctoral degree in multiple business disciplines. The Zicklin School of Business now joins this prestigious group. Along with this valuable accreditation designation, the Ph.D. affirms the academic excellence of the Zicklin School of Business, reinforces its commitment to quality research in business-related disciplines, and furthers our faculty development goals. Read more.

Strategic Goal V: Strengthen Financial Foundation and Infrastructure

The Baruch Means Business campaign has raised more than $157.1 million and continues to accept contributions until June 30.  Its success has enabled us to advance our ability to effectively meet the needs and expectations of our students, faculty, and staff.  The campaign, which is by far the most ambitious fundraising effort in the history of the College, has been a tremendous success. Besides substantially surpassing our stated goal, it has earned the recognition of the Council for the Advancement and Support of Education (CASE) by being named the winner of the prestigious Overall Performance by a Comprehensive Public Institution award for 2013.

The campaign is indeed making a difference: Ninety-five new scholarships were created, with 660 students receiving scholarships in AY12–13 alone. The campaign has resulted in the endowment of three departments, a Jewish studies center, multiple faculty chairs and the deanship of the Zicklin School of Business. It has also resulted in the naming of 19 classrooms, two conference rooms, the Hillel Suite, the Studio-H multimedia newsroom, the Starr Career Development Center and the Executives on Campus mentoring program. With plans underway for the permanent plaza on 25th Street, the campaign is helping to create the first outdoor campus space the College has ever had. Read more.

Strategic Plan 2013-2018: Making Baruch Better Every Day

I hope you agree we are moving toward a new era for Baruch College: one that builds on the College’s earlier successes, particularly in the last two decades; one where dwindling State dollars do not dictate or impede the quality of our academic offerings; one where a refreshed faculty base empowers our students to explore how knowledge is imparted. Working together, we will continue to advance our mission and make strides in meeting the objectives of our Strategic Plan. Visit its website and the Getting it Done pages to see other ways we are putting the new plan in motion.

In keeping with that theme, I remind you that our new Provost and Senior Vice President for Academic Affairs, Dr. David P. Christy, will take up his responsibilities on July 15.  Dave joins us after a decade as the dean of the Orfalea College of Business at the California Polytechnic State University. His experience as a business educator, researcher and academic leader are ideally suited to the current needs of the College. Baruch’s future is indeed bright as we welcome our new Provost and more than 60 new tenure track faculty. (You will hear more about them as we get closer to the start of the fall semester.)

I wish you an enjoyable and productive summer.


Mitchel B. Wallerstein
President, Baruch College



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