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Innovation at the School of Business

 
John Y. Kim, UConn alumnus and CEO of Aeltus Investment Management, Inc., an independently managed subsidiary of Aetna, Inc. meets with colleagues.
From the innovative Connecticut Information Technology Institute (CITI) at the Stamford regional campus to the new state-of-the-art business facility on the main campus in Storrs, the University of Connecticut's School of Business is leveraging its expertise to strengthen its excellent business education programs and outstanding research productivity.

UConn's School of Business is highly regarded, known for creating financial success for graduates, anticipating and meeting corporate needs, and advancing business research. In February 2000, Forbes said that the return on investment from a UConn MBA places the program among the top 15 in the nation in its regional university category. And Computerworld magazine ranks UConn among the nation's top 25 in technology leadership.

To meet the growing demand for IT professionals, CITI, in partnership with area corporations and business associations, has developed targeted programs covering a full range of career needs. They include nine months of state-of-the-art training for those entering the IT field; an information technology-focused undergraduate degree in business; and an MBA with a graduate level IT concentration offered at UConn's Stamford and Greater Hartford campuses.

Recognizing the University's leadership role in educating tomorrow's business leaders, Aetna Financial Services announced a contribution of more than $2.7 million to the School of Business. Combined with nearly $1.3 million in state matching funds,

the total value of Aetna's contribution will be $4 million. Aetna's gift will endow a faculty chair, as well as establish the Aetna Center for Financial Services.

A group of market-savvy students who belong to the UConn Student Portfolio Management Team, won the 2000 Tucker Anthony Big East Stock Challenge contest. Despite the market's volatility during the four-month contest period, UConn's team earned an impressive $147,000 on an imaginary $250,000 stock portfolio, achieving a stunning 71.98 percent total return - and beating 12 Big East schools.

UConn is also the only public research university in New England with a student-managed investment fund. During 1999-2000, the UConn Foundation entrusted students with decision-making authority over certain investments. Chosen through a competitive application process, a team of undergraduates and a team of graduate students were each staked $500,000 of the Foundation's $210 million endowment. Investment results from both teams were superior to benchmark indices. Incoming teams will continue the program by investing the balances achieved by the 1999-2000 teams.

By every objective measure, UConn's School of Business is emerging as a comprehensive business education and research center that is well equipped to move at the speed of business through the new millennium.



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