Media Coverage

Best practice examples of sustainability, ethics and social purpose

Student projects

RBS was among nine U.S. schools (UC Berkeley, Wharton, Columbia, North Carolina State University, Rutgers, etc.) recognized in the Student Projects category. All submissions were assessed by a panel of expert judges.

The RBS Connect, Engage, and Opportunity Network links organizations with students to develop their talents and skills, and offers those from under-represented and underserved backgrounds opportunities in leadership and professional development. Women BUILD enrolls high-achieving undergraduate women for classes, mentoring and self-development.

Documents obtained by ProPublica show stark differences in how Donald Trump’s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings’ property tax.

The 40 Wall Street documents contain discrepancies related to costs as well as to occupancy. Generally, there are “more opportunities to play games on the expense side,” said Ron Shapiro, an assistant professor at Rutgers Business School and a former bank senior vice president, “particularly because there are many more kinds of expenses.”

For years, many corporations have abdicated their civic duties and have paid little or no tax. There are several reasons for this phenomenon: globalization enables corporations to assign profits to low-tax offshore jurisdictions; the Tax Code provides robust write-offs for capital expenditures; and adroit advisors devise clever strategies that enable corporations to navigate around otherwise onerous tax burdens. The combination of these factors has greatly eroded the corporate tax base.

Tariffs – also known as import duties – are taxes levied when products are shipped from one country into another. Tariff increases on Chinese goods have been in the news lately; U.S. companies using imported materials are impacted via their supply chains. How can businesses, especially smaller ones, handle the effects?

Know your pricing, Lyneir Richardson of Rutgers Business School tells BusinessNewsDaily.com. Business owners should be aware what costs cannot be absorbed and if any expenses can be reduced to offset tariff hikes. “Raising prices is a dangerous game … Sometimes a price hike might be necessary to stay profitable when suppliers increase the cost of doing business, but it could keep customers away, damaging revenue,” he notes. Richardson advises business owners research how their prices compare with the market average.

Opinion Letters
Regarding your editorial “King Warren of the Roundtable” (Oct. 7):

Prof. Mark Castelino
Rutgers Business School
Newark, N.J.

Sen. Warren’s plan is the latest iteration of a progressive scheme for a state-administered economic system of socially just, sustainable, stakeholder-accountable capitalism that, in effect, neuters unfair market capitalism. After Barack Obama won the 2008 election, former Vice President Al Gore and David Blood wrote that “We Need Sustainable Capitalism” (op-ed, Nov. 5, 2008) to tackle three interrelated crises which must be solved together: the 2008 recession, energy insecurity and an overarching climate crisis. Messrs. Gore and Blood returned three years later with “A Manifesto for Sustainable Capitalism” (op-ed, Dec. 14, 2011), arguing that America needed a new sustainable investment-value chain that “transcends borders, industries, asset classes and stakeholders.”

Commander Brian Gallagher of the Fairfield VFW recently hosted it's first Suits for Soldiers event, where veterans received gently used suits donated by Pio Costa and Associates and assistance from professionals who were on hand to help them with personal branding, resumes, money management and more.

On hand to assist the veterans with personal branding was Margaret O'Donnell, Manager of Military and Veteran Engagement Programs at Rutgers Business School.

Authors: James Riedel, Johns Hopkins, and Markus Taussig, Rutgers Business School

There are growing fears that the US–China trade war will spread to Vietnam. A logical way to approach the issue would be to start by examining the logic behind the US–China trade war and then assessing whether the same logic could lead to a US–Vietnam trade war. The problem with this approach is that the US–China trade war defies economic logic.

Margaret O’Donnell, manager of military and veteran engagement programs at Rutgers Business School, met veterans at the post to advise them about personal branding. She talked about how their interactions on social media make them better job candidates and how to use online services, such as LinkedIn.

O’Donnell works with student veterans and other veterans starting at the pre-admissions stage, when they first express interest in attending college.

“Even the fact that I advertised on social media that I was going to be here caught the interest of a few veterans,” she said.

Financing stadium construction can be a risky bet for cities

The Patriots — and by extension, the county’s investment — are doing well now, “but can they continue it?” wondered Arthur Guarino, an associate professor of Professional Practice at Rutgers Business School Newark and New Brunswick. In general, he’s not thrilled about government getting involved with sports teams. “It’s a bad idea because a municipality or state will often pay a substantial amount of the cost to build a stadium, and then the team may move away, like the way the San Diego Chargers moved to Los Angeles. A contract may try to prevent this, but if a team has a good lawyer, they may be able to find a loophole.”

Grab your smartphone for a second. Now open all the apps and windows and log yourself out. Proceed to delete the number of your ex and in-laws. The next part is the most important: place the top left corner of your phone between your thumb and index finger, carefully hover it over a flaming trash can and let it go. Step back from the trash can, turn around and walk away.

Congratulations, you’re now roughly 20% smarter. Okay, we didn’t have to be so dramatic but that’s essentially the summary of a recent study which found picking up your phone whilst engaging in mentally challenging tasks was detrimental to your brain’s mental performance. More specifically the distracting act of using a smartphone mid-task was found to handicap the brain’s ability to recharge.

“Cellphones may have this affect because even just seeing your phone activates thoughts of checking messages, connecting with people, access to ever-refilling information and more, in ways that are different than how we use other screens like computers, and laptops,” explains Terri Kurtzberg, the study’s co-author and associate professor of management and global business at Rutgers Business School.

At one time, supply chain management systems were so expensive that only large companies could afford them, said Rudi Leuschner, an associate professor in the department of Supply Chain Management at Rutgers Business School. He’s also the program director for the university’s online Master of Science in Supply Chain Management program.

“Today, they’re still not cheap, but they are more affordable,” he said. “It’s important to design your supply chain to be flexible, since the movement of goods is always changing. In the 1960s, for example, many products were manufactured in the Midwest and were then shipped to both coasts. Today, of course, many of them are manufactured in Asia and are shipped globally. Now there’s also a shift to Mexico. Things keep changing and companies have to be able to adapt to that.”

See A Supply Chain Case Study summary of undergraduate experiential learning.

The next time you’re trying to drive home a point or make a convincing pitch, adjusting the tone of your voice could help.

In a new paper titled “How the Voice Persuades,” Rutgers Business School professor Alex Van Zant and Jonah Berger, a professor at the Wharton School of Business, provide evidence that how a person says something, especially if it works to make them appear more confident, may make their words more convincing.

The paper will be published in an upcoming issue of the Journal of Personality and Social Psychology. It is currently available online through the American Psychological Association’s PsycNET.

The Global MBA Rankings 2020 highlight the best MBA programs across the world. We ranked 240 programs this year, and many more were analyzed. Data was collected in early 2019, using three surveys; the QS Global Employer Survey, the QS Global Academic Survey and a survey completed by the business schools themselves.

The survey completed by schools covered quantitative indicators such as the salary of graduates, class profile etc. For the purpose of the Global MBA Rankings 2020, QS did not ask schools to survey their alumni. Instead, schools provided career progression information on their alumni to MBACSEA compliant standards.

QS Global MBA Rankings 2019 Breakdown
Employability – 40%
Entrepreneurship and Alumni Outcomes – 15%
Return on Investment – 20%
Thought Leadership – 15%
Class & Faculty Diversity – 10%

University President Robert L. Barchi announced yesterday the creation of the President’s Task Force on Carbon Neutrality and Carbon Resilience, which has been charged with the mission of developing a comprehensive climate action plan for the University to consider.

The task force will be co-chaired by Robert Kopp, a professor in the Department of Earth and Planetary Science and director of the Institute of Earth, Ocean and Atmospheric Sciences, and Kevin Lyons, an associate professor of professional practices at Rutgers Business School in both Newark and New Brunswick and an associate director of the Rutgers Energy Institute.

Would Medicare for All reduce the expenses associated with providing health insurance for employees? Or would tax increases required to fund such a program put a strain on small business owners?

"Medicare for All is pretty much what it says it is," said Gary Branning, assistant professor of professional practice at the Rutgers Business School. "It's universal coverage driven through the Medicare process."

It is difficult to answer the question of how, exactly, Medicare for All would impact small businesses. The primary challenge, of course, lies in the fact that Medicare for All has not been implemented.

“Since 2008, CUEED has provided education, mentorship, networking, and investment opportunities for over 400 entrepreneurs whose businesses have created over 580 jobs and generated over $167 million in annual revenue,” Lyneir Richardson, executive director of CUEED, said in a statement. “In the same way that our entrepreneurs have found original ways to revitalize their communities and build their companies, the UnGala Experience will flip the script on typical gala events by presenting an evening that’s fresh, dynamic, and innovative.”

“We are delighted to host the “17 Rooms-U” event at Rutgers. Given our strong track record of engaging faculty, administrators, and students around social impact, we look forward to sharing best practices and connecting with other leading universities in their efforts to support the U.N. Sustainable Development Goals,” said Lei Lei, dean of Rutgers Business School.

“At the Rutgers Institute for Corporate Social Innovation, we connect academia and practice, encouraging corporations to advance society and generate economic returns,” said Noa Gafni, executive director of Rutgers Institute for Corporate Social Innovation (RICSI).

K.K. Tse’s “Hong Kong’s protests are just the tip of the iceberg: capitalism is in crisis across the globe” (September 13), is a classic misdiagnosis of the situation in Hong Kong. Capitalism is not in crisis, Hong Kong is. And the issue is not economic but political. It all began with the extradition bill and it continues to remain so.

Amplifying Women's Voices Through Storytelling

Why is storytelling important? Stories have a transformative power to allow us to see the world in a different way than we do if we just encounter it on our own. Stories are an entry point to understanding a different experience of the world. Storytelling – presenting a different perspective of the world – is important when it comes to connecting with each other. It gives us an opportunity to learn from another person’s experience and it can shape, strengthen, or challenge our opinions and values

The global uncertainty in the wake of a drone attack on Saudi Arabian oil fields that’s roiled commodities markets across the world will hit gas prices in New Jersey.

“Consumers are thinking, “Oh, here we go! Oil prices — Look at the paper! Look at the news! — oil prices are going up!” said Farrokh Langdana, a professor at Rutgers Business School. “Then we might see consumer confidence leveling off and falling. And that would not be good because that’s the one engine on the plane that’s still running well. The other engines have kind of calmed down and shut down, actually.”

People who stand out for their way of working, thinking and above all being honest and humble, their success and achievements are due to their persistence, discipline, dedication. Get to know them!

Arturo E. Osorio, Ph.D., Assistant Professor of Practice - Entrepreneurship, Department of Management & Global Business, Rutgers Business School.

I AM sure that from an early age people have told you to be honest and truthful. Even in my entrepreneurial life, the best piece of advice I have ever been given was when someone very successful told me that to be effective, I must always conduct myself with integrity.

However, integrity seems to be a rare commodity in current times.

Why do people waver even though they know that integrity is so necessary?

In 2015, Oliver Sheldon, an expert in organizational behavior at Rutgers University, and Ayelet Fishbach, a social psychologist at the University of Chicago, studied the dynamics that impact self-control in ethical decision-making.

The researchers created experiments to examine the thoughts that occur in people just before they made an ethical decision.

The Rutgers Student Health pharmacies, which are expected to close later this fall, have been losing money for the past 10 years, said Neal Buccino, a University spokesperson.

The overall student health program was expected to reach a $1 million deficit for the 2020 fiscal year, with the meningitis B outbreak and investments in on-campus mental health care contributing to the spending. The pharmacy closures were aimed at mitigating the projected budgeted operating deficit, Buccino said.

Mahmud Hassan, a professor of finance and economics and director of pharmaceutical management at Rutgers Business School, said that the University — being a nonprofit and government institution — could have received a better deal.

“Under federal policies by government law, all manufacturers must give big discounts for Medicaid and special groups,” he said. “(The) University may not be a special group by definition, but they could make a case for it.”

Yesterday, the once-king-of-toys signaled the end has finally come: Sources say Toys 'R' Us will close all of its remaining U.S. stores and leave us for good. And so we asked the experts: Who is responsible for killing Toys 'R' Us? Here's what they had to say.

"Plus both Walmart and Target sell toys and other essentials," says Kristina Durante, an associate professor of marketing at Rutgers Business School. "Walmart has the lowest prices. And at Target, you can get a coffee. But there is nothing that's driving people to Toys 'R' Us."

Durante, a mom herself, also points to a lackluster experience inside Toys 'R' Us stores.

"It would be great if Toys 'R' Us had a capital infusion to make the store more than just looking at the shelves, but an experience," she says. "What can you do there that's unique? That would motivate you to go to the store? They could have thought of a possible reinvention if they had smaller stores that were more experiential."

This story originally appeared in The Straits Times on August 29, 2019.

Mark Castelino is a professor in the International Executive MBA programme in Singapore offered by the Rutgers Business School, from Rutgers, The State University of New Jersey.

Scientists and economists live in two different worlds, the former in the world of solutions and the latter in the world of trade-offs. Being both a scientist and an economist, I have a foot in both worlds and have long contemplated why this dichotomy in thought exists. The answer may be found in the discussion around global warming or alternatively, climate change.
How often have we heard the cliche that “97 per cent of scientists” believe in global warming? That is true but only in a trivial sense. As a matter of fact, the number should actually be 100 per cent because every scientist knows that carbon dioxide is a greenhouse gas that is increasing, and greenhouse gases cause warming.
The economist will not disagree with that conclusion but goes one step further by asking two critical questions – “how much?” and “does it really matter?”
Herein lies considerable dispute, which will not be settled only in the science but also in the politics, economics, morality and ethics of the issue. This is why the climate change problem is so intractable.

Black and Hispanic men seeking small business loans faced more scrutiny and worse treatment from bank officers than less qualified white men, according to a study, in cooperation with Jerome Williams, Rutgers Business School, released this week by the National Community Reinvestment Coalition.

The results demonstrate the challenges minority entrepreneurs face when trying to access additional capital to expand their businesses. The study also found declines in government-backed lending to black business owners, dropping from 8 percent to 3 percent of small-business loans between 2008 and 2016.

“People focus a lot on the cultivation and the dispensing, and there are so many other spaces where people can play and be successful out of the gate without as much risk, and that’s the part I’m teaching about, the picks and the shovels,” says Dawson, 40, a former executive at large companies like Target Corporation and Victoria’s Secret. Dawson is now a CEO, cannabis consultant, author and activist.

After graduating college with a degree in Molecular Biology at Princeton University, and an MBA from Rutgers Business School, she went into the corporate world, helping to bring multi-cultural hair products and plus-size garments to the shelves of the retail giant Target. A career in cannabis—which was still illegal in Minnesota where she lived—never crossed her mind.

“I found there were too many people trying to reinvent themselves. And while that might have worked in the first wave, in order to be legitimate and diversify the industry quickly it’s just easier if you take the skills and the passion and credentials you have and apply them here.”

Using a cell phone to take a break during mentally challenging tasks does not allow the brain to recharge effectively and may result in poorer performance, Rutgers researchers found.

The experiment, published in the Journal of Behavioral Addictions, assigned college undergraduates to solve challenging sets of word puzzles. Halfway through, some were allowed to take breaks using their cell phones. Others took breaks using paper or a computer, while some took no break at all.

“The act of reaching for your phone between tasks, or mid-task, is becoming more commonplace. It is important to know the costs associated with reaching for this device during every spare minute. We assume it’s no different from any other break – but the phone may carry increasing levels of distraction that make it difficult to return focused attention to work tasks,” said Terri Kurtzberg, coauthor and associate professor of management and global business at Rutgers Business School.

Video
MEejie Chapparo-Traverso and Patricia Trenckak in conversation with Margaret O'Donnell, Manager of Military & Veteran Engagement Programs for Rutgers Business School about her work with veterans, the wider community, and her lifetime of making a difference.

The Summer Technology & Entrepreneurship Program (STEP) is a weekday summer program that explores the connections between technology, entrepreneurship, and innovation with students. Students work together to seek solutions to real-world problems and learn about how to integrate technology with entrepreneurship. They learn to create, market and pitch their business. At the closing ceremony, students pitched their ideas in a pitch competition.

The program also featured guest entrepreneurs: Anthony Frasier, ABF Creative & Newark Venture Capital; Kevin Chu, Greater Newark Enterprises Corp.; Joshua Weiss, Teliapp; Joel Levin, mar*ket-ing, inc.; Ali & Emon Mahvan, Sharebert.com; Gary Minkoff, Department of Management & Global Business Rutgers Business School; Michele Valdespee, Bend No More; and Ras Heru, Rebel Ink Publishing.

Marketers are also taking an interest in this data. Kristina Durante, an associate professor of marketing at Rutgers Business School, has studied how hormones like estrogen and progesterone might influence what products you buy. She’s consulted with brands about partnering with fertility apps to send marketing messages based on where users are in their cycle.

“When estrogen is high, [women] want to look good, and so they might be more interested in consumer products like lipstick or cosmetics or procedures that help them enhance their appearance,” Durante said.

What’s the best way to find the right balance transfer credit card?

This is not a simple question, as we know different consumers have different needs (hence segmentation as a marketing tool) and therefore will need different choices. The ultimate decision seems to rest on what the consumer wants to gain from the transfer: e.g. Lower interest rates, higher rewards such as airline mileage or cash rewards, higher credit limits, or other Loyalty program elements. There may also be advantages to transferring to a financial institution where they do other banking activities to gain advantages as a more significant level customer.

Marc Kalan, Assistant Professor of Professional Practice, Department of Marketing, Rutgers Business School of Newark and New Brunswick

As the fall semester approaches, New Jersey business schools adjust their offerings to track industry trends

Stacy Smollin Schwartz , an assistant professor of professional practice in the marketing
department at Rutgers University Business School and a program director of the MS program,
said the school is creating a Masters of Science in Digital Marketing Program for the fall semester.

It is a fully online program because audiences may be seasoned marketers.

“We started realizing from an industry perspective employers want marketing skills,” Schwartz
said. “We live in a digital world. We consult our phones. Marketers need to integrate fluidity into
their marketing.”

She explained that employers are trying to respond to what customers are already doing.
“Because consumers are connected to each other on social media, that is why employers’
demands exist,” she said. “Employers realize their customers are connected to brands and to each
other. As a result, they want to hire people who understand how to market in a digital world.”

At 5 am on August 5, the US president sent a message on Twitter accusing China of being a “currency manipulator,” describing this as a “major violation.” US Treasury Secretary Steven Mnuchin followed with an official announcement later that day.

The term “currency manipulator” has no regulatory import or effect, but the accusation escalates tensions between China and the United States. On the same day, the Chinese currency, officially the renminbi yuan, had devalued to a rate of 7.05 per US dollar – meaning that a dollar converts into more renminbi than before, thereby insulating them from the effects of US tariffs.

This is not the start of a bad joke about three people walking into a bar. Instead, it is a simple lesson on the value of networking. Last week, I was fortunate enough to participate in meetings at the White House with Staff in the administration and portfolio managers of the top investment houses, as well as policy advisors and consultants from both sides of the aisle. We talked about trade, budgets, potential recession, drug pricing and more.

This is networking at its best.

The professor happens to be me. After 20+ years of being an investment banker and a finance executive, I am now an assistant finance professor of professional practice at Rutgers Business School.

If you want to take a break and recharge from mentally challenging work, then it's best not to look at your phone, according to a new study in the US.
Carried out by researchers at Rutgers University, the new study recruited 414 participants and gave them sets of word puzzles to solve.

"The act of reaching for your phone between tasks, or mid-task, is becoming more commonplace. It is important to know the costs associated with reaching for this device during every spare minute. We assume it's no different from any other break -- but the phone may carry increasing levels of distraction that make it difficult to return focused attention to work tasks," said Terri Kurtzberg, co-author of the study.

"Cellphones may have this affect because even just seeing your phone activates thoughts of checking messages, connecting with people, access to ever-refilling information and more, in ways that are different than how we use other screens like computers, and laptops," she continued.

President Trump is banking on a strong economy to see him into a second term.
But nearly three quarters of U.S. business economists said in a new survey they expect a recession by the end of 2021.
Nearly 40% of economists surveyed by the National Association for Business Economics predict a recession will start next year. More than 30% expect one in 2021, while a small cadre of pessimists — 2% of respondents — say recession will hit this year.

A recent Bloomberg survey of economists yielded similar views.
"Trade tensions are needlessly roiling financial markets, which could eventually destabilize a stable economy,” Parul Jain of Rutgers Business School said in the Bloomberg survey.

We asked Kevin Riordan, Executive Director of the Center for Real Estate at Rutgers Business School to weigh in on the ideal type of office space for an IT startup:

By definition, the ages of employees in most IT startups are in their 20’s or 30’s. They were teenagers or in their early 20’s when the iPhone was introduced in mid-2007. What that means is that they have never known a world where information and communication are no more than a tap or swipe away. They thrive and adapt in a world where tomorrow a new app can help them navigate work demands better and interface with fellow employees and friends. So physical environment, while needing to be comfortable, must also be adaptable. This will naturally lead them to a coworking environment. The space will include small trappings of formality but embody a sense of community with shared goals.

Experts agree that moving toward gender equality is not only the right thing to do but it’s the smart thing to do. So shouldn’t MBA programs—where women frequently make up less than 38 percent of the student body—be focused on achieving it?

Consider Rutgers Business School, which excels at the traditional metrics. CEO Magazine ranks their global executive MBA as 11th best in the world. Financial Times has RBS in the top ten in four categories: corporate strategy, economics, statistics, and manufacturing/logistics. But one statistic, in particular, stands out: in 2014, over 50 percent of new MBA students at RBS were female. In the intervening years, the female population of MBA students at RBS has leveled out closer to the national average. It’s also caught the attention of the RBS administration and has got them changing the way they do business.

“Research shows it’s the diversity of ideas and the diversity of backgrounds that create successful teams,” says Dr. Sharon Lydon, senior associate dean of MBA programs at Rutgers Business School. “And in this global economy, we need to make sure teams represent the community which will be using their products and services. Diversity is only going to help further advance what we’re doing. But if we’re going to be homogenous and similar, we’re not going to get very far.”

This year’s Accounting Education Research Grant recipients include the team of Dierdre Collier and Hannah Rozen from Fairleigh Dickinson University and Alexander Sannella of Rutgers University. Their work, “Why Master’s in Accounting Students Do Not Sit for the CPA: Determinants and Perceptions of CPA Value,” attempts to identify characteristics—both objective and perceptual—of graduate level accounting students who successfully complete a master’s level accounting degree program without plans to sit for the exam. The team has been awarded $6,000 to purse this project.

At 5am on August 5, the US president sent a message on Twitter accusing China of being a "currency manipulator", describing this as a "major violation". US Treasury Secretary Steven Mnuchin followed with an official announcement later that day.

The term "currency manipulator" has no regulatory import or effect, but the accusation escalates tensions between China and the United States. On the same day, the Chinese currency, officially the renminbi yuan, had devalued to a rate of 7.05 per US dollar - meaning that a dollar converts into more renminbi than before, thereby insulating them from the effects of US tariffs.

Ronnee Ades, professor of professional practice in the finance and economics department at the Rutgers University Business School, and Ryan Smith, a Rutgers business school student, talks with Bloomberg's Scarlet Fu about the school's competition to create a new index/ETF.

In recent years, The Journal Star has been hit with the kind of cutbacks that have become common for newspapers nationwide as they steer a bumpy course toward a digitally focused future. The newsroom had more than 80 guild employees in the 1990s, and now has about a dozen.

Such is the strange state of an industry that has been part of the American fabric since the days of The New-England Courant, a newspaper started by James Franklin, older brother to Benjamin Franklin.

“We gutted those papers by taking the journalism out of them,” said Mr. Chase, now chief executive of CALmatters, a nonprofit covering California state politics.

In the role of publisher, investors discovered that lowering overhead typically reduced costs at a faster rate than it drove down revenues. Many papers shrank. And their profits went up.

“Put yourself in the shoes of a hedge fund or private equity firm,” said John Longo, a Rutgers Business School professor. “Newspapers have steady, albeit slightly sinking, cash flow. In that kind of business, you can put some leverage on.”

In 2017, a study from Rutgers University showed that travelers with disabilities are more likely to be rejected by Airbnb hosts. Two years later, it seems not much has changed.

NO ROOM AT THE INN? DISABILITY ACCESS IN THE NEW SHARING ECONOMY, Mason Ameri, Sean Rogers, Lisa Schur, Douglas Kruse.
https://smlr.rutgers.edu/sites/default/files/disability_access_in_sharing_economy.pdf

Multiple people with disabilities say they have experienced difficulties when trying to book apartments with Airbnb – despite the company's efforts to improve the services it offers. Criticisms include hosts being unprepared to accommodate their needs and a general lack of transparency about a property's accessibility.

The Rutgers Business School Master of Accountancy in Taxation ranked #5 best Master’s in Taxation in the U.S. by Accounting Degree Review.

The taxation specialty is growing, due in part to increasingly more complicated tax codes with frequent changes. The Bureau of Labor Statistics reports how careers within personal financial advising are expected to grow by 15 percent by 2026.

The Rutgers Business School is part of two universities: Rutgers University-Newark and Rutgers University-New Brunswick. The AACSB-accredited business school ranked #1 Public Business School in the Northeast U.S. by Financial Times. Rutgers Business School, founded in 1929, offers undergraduate and graduate degrees. The Master of Accountancy in Taxation is one of 11 graduate programs. It ranked #11 best Master’s in Taxation program in the world by ValueColleges.com.

We are constantly reminded that 97 percent of scientists believe in global warming or alternatively climate change. That is incorrect, the number is actually 100 percent. Why? Because every scientist knows carbon dioxide is a greenhouse gas, that it is increasing, and greenhouse gases cause warming. That conclusion, however, is trivial. The far more important one is “how much and does it really matter”? Herein lies the crux of the problem.

There are approximately 8700 qualified opportunity zones located across the US with 169 in New Jersey. What do they all have in common? We take a closer look in this EXCLUSIVE commentary on the subject.

In December 2017, The Tax Cuts and Jobs Act was signed into law.

This federal law provides substantial tax incentives to tax payers who re-invest their capital gains in long term investments in certain economic distressed communities.

These communities, designated as low income census tracts are called Qualified Opportunity Zones (“QOZ”). There are approximately 8700 QOZs located across the United States. There are 169 in New Jersey located in 75 municipalities. What they all have in common is that they are all in need of private capital to spur economic development. It is estimated that $6 trillion in capital gains are waiting in the wings to be reinvested by taxpayers into these geographic areas.

Dr. Miklos Vasarhelyi, a professor at Rutgers University and head of the Rutgers CARlab, an accounting research center which furthers research and creative teaching methods in accounting and information systems, and Abigail Zhang, a PhD Candidate in Accounting Information Systems at Rutgers Business School, shared their perspectives on various technology related to accounting including robotics process automation (RPA), artificial intelligence (AI), blockchain and smart contracts at EisnerAmper's recent Process Risk and Technology Solutions Summit "Adapting to Change in a World of Evolving Technology."

As New Orleans experiences downtown residential growth and urban economic resurgence, the timing is perfect for the Aspen Institute Socrates Program to return to the Crescent City and examine why residential and job growth in many cities often results in less diversity and inclusion.

The seminar will be moderated by Lyneir Richardson, the executive director of The Center for Urban Entrepreneurship and Economic Development, a Rutgers Business School research and practitioner-oriented center. The salon will examine ways to expand opportunity, foster entrepreneurship and preserve the spirit of continual re-invention that animates American cities as they grow again. Registration is currently open.

Alejandro Magallanes, the CEO and founder of Amarillo-based education technology startup Learn Lounge, was the recent recipient of a $10,000 grant from the Center for Urban Entrepreneurship and Economic Development’s Black & Latinx Tech Initiative (BLT), which is a program of the Rutgers University Business School in Newark, NJ.

“Alejandro’s pitch presentation to the Rutgers faculty and angel investors was polished, convincing, and very impressive,” says Lyneir Richardson, Executive Director of the Rutgers Center for Urban Entrepreneurship. “He was one of three winners of $10,000 accelerator grants, and he was competing against a number of very talented entrepreneurs from across the country who were selected for the BLT cohort.