Tag: Building Olin



Kelly Bean

Please join me in welcoming Kelly Bean as our director of executive education and professor of practice in leadership.

Kelly is president and CEO of executive education at UVA Darden and has more than 20 years’ experience in executive education at UVA, Emory, UCLA and USC, before which she worked in industry.

I have charged Kelly with unifying and expanding our St. Louis and Washington, DC, exec ed operations, and she will be based primarily in our Brookings Institution office in DC with significant time in St. Louis.

This position was endowed by a major supporter, benefactor and friend of Olin, the late Charles Knight, so Kelly will be the inaugural Charles F. Knight Distinguished Director of Executive Education. She will also become a senior associate dean and join my senior leadership team, reflecting the importance I attach to exec ed and, in particular, to building the Brookings partnership.

Kelly joins us May 1.

I would also like to announce the promotion of Ian Dubin to associate dean and managing director of the WashU Brookings Partnership. Please also join me in congratulating Ian. Ian has been instrumental in building our Brookings partnership and he will work alongside Mary Ellen Joyce, associate dean and executive director of the partnership.

In terms of organizational structure, Ian and Mary Ellen will report to Kelly, as will Sam Chun, assistant dean for executive education. Ian and Mary Ellen will also have a dotted line to Lamar Pierce, professor of organization and strategy and associate dean for the WashU Brookings Partnership, who overseas the academic development of our DC programmes, working alongside Kelly.

We have a world-class executive education team in both DC and St. Louis and are poised to take Olin to the next level in this important and impactful area of our activity.




Zandy Schorsch, MBA ’19, contributed this blog post on behalf of Olin’s Center for Experiential Learning.

Oscar Wilde once said that rugby is a good occasion for keeping 30 bullies far from the center of a city. This semester, students from the undergraduate and graduate levels of Washington University Olin Business School have been working with the Center for Experiential Learning to perform the opposite—assess the viability of bringing a professional rugby team to the city of St. Louis.

Rugby is one of the fastest growing sports in the United States, and Major League Rugby was founded last year to provide fans with professional-level rugby competition here in the states. The league kicked off its inaugural season with seven original teams. With nationally televised games on CBS and sold out tickets in many of the cities, there is a growing sense of optimism as MLR prepares for its second season.

The league has aggressive plans for expansion, with teams in New York and Toronto joining for the 2019 season and Atlanta, D.C., and Boston joining in 2020. St. Louis has emerged as one of the potential cities for an MLR expansion team, and the CEL was hired by a local entrepreneur to determine whether such a venture is feasible.

The CEL’s client, a husband and wife duo with a lifelong passion for rugby, believe the loss of the city’s football franchise has created an opening for rugby. Through dozens of interviews with rugby players, coaches, executives, and MLR league officials, the CEL team developed a strong understanding of how a rugby team in St. Louis would operate and the number of fans it would be able to attract.

Although St. Louis has always been a baseball town, there are hundreds of registered rugby players in the local area across all levels of the sport, as well as several nationally recognized rugby programs.

While the CEL team was able to develop a demand forecast for rugby in St. Louis, only so much can be learned about stadium financing and team operations from phone interviews and emails. As a result, the client decided to bring the CEL team to Glendale, Colorado, to meet with the Raptors, the MLR regular season champions, to learn more about the business side of rugby operations.

Learning about rugby operations from the Raptors.

During a full-day of meetings with the Raptors, the CEL team learned about stadium financing, team and stadium operating costs, revenue drivers, marketing and sales strategies, and unexpected expenses associated with managing a professional sports team.

The CEL team also got to learn the fundamentals of rugby from some of the professional players, such as tackling techniques and field goal mechanics.

While the CEL team requires more practice if they hope to play professionally, the data the team was able to collect from the Raptors proved invaluable for their analysis. The client capped off the trip with dinner at a local pub, a great opportunity for the student team to connect with their client informally.

Upon returning to St. Louis, the CEL team took the lessons learned from the Raptors to develop a financial model the client could use to make an informed decision about bringing professional rugby to St. Louis. The team developed an intuitive financial model that accounted for attendance numbers, concession sales, merchandise sales, stadium costs, advertising, and a host of other variables posed several challenges.

Effectively communicating the outputs from the financial model, as well as highlighting the key assumptions and inputs that produce those outputs, was also critically important.

By building a strong relationship with the client throughout the semester, and leveraging the abundant resources of the CEL and Washington University, the CEL team was able to provide a final deliverable that gave the client a holistic view of everything that goes into managing a professional sports team and stadium.

The financial analysis demonstrated that a team in St. Louis is feasible, so be on the lookout for a local MLR team in near future.

Overall, the CEL is a unique opportunity for students to work on real-world projects that have a direct impact on their community. Bringing a professional sports team to St. Louis is the type of project that major consulting firms and investment banks would be envious of, and for the clients who hire the CEL, they get to receive professional-level services from the very students who, upon graduation, will be joining those types of companies.




Timothy Solberg working on a terminal along with Dean Mark Taylor under the guidance of Bianca Simonetti, Bloomberg

Olin’s Al and Ruth Kopolow Business Library debuted a new finance learning lab equipped with eight Bloomberg terminals and a large screen for the group. The project was three months in the making as workers renovated and rewired a room just inside the library’s entrance and equipped it with new furniture.

Dean Mark Taylor made an appearance to inspect the new lab on January 24 and mused aloud about the massive difference in today’s trading volume—and the size of individual trades—from the time he started as a market professional decades ago.

Madjid Zeggane, database analyst at Kopolow library, spearheaded the logistical work required to create the lab. He said Olin has 12 Bloomberg licenses and consolidated eight of its terminals into the new lab to facilitate collaboration among students and create a better training environment for a tool almost universally embraced by financial managers.

“Companies like to know students are trained on the Bloomberg,” said Timothy Solberg, professor of practice in finance and academic director of the corporate finance and investments platform.

He said the students who won the prestigious Quinnipiac finance competition nearly a year ago could have benefitted from the new lab because they could have easily uploaded the university portfolio they were managing and worked jointly, collaborating on their analysis.

“This is the way professionals do it,” Solberg said. The school conducted its first group training in on the terminals the morning of January 24.

Bloomberg terminals are sophisticated, text-intensive, multi-screen windows into real-time data about financial markets, news, stock quotes and other related information. In addition to the eight terminals in the lab, Olin has two laptops equipped with the Bloomberg software, another desktop terminal in Bauer Hall and another in the main library space.

Pictured above: Timothy Solberg working on a terminal along with Dean Mark Taylor under the guidance of Bianca Simonetti, Bloomberg’s account manager for the St. Louis area.




Mimi Wang, MBA ’19, contributed this post on behalf of Olin’s Center for Experiential Learning. Lexi Bainnson, BSBA ’21, edited and formatted this CEL blog post.

In October, a student team representing the Center for Experiential Learning visited Quito, Ecuador. Quito is a city built on mountains and in the valleys with breathtaking views in all directions, no matter your location.

The angel of Quito is a famous statue located on top of one of the tallest mountains and is visible from everywhere in the city.

Left: The angel of Quito sits atop a hill and is visible anywhere in the city. Right: The view from the angel’s vantage point.

There is so much to do in Quito that our sightseeing day was jam-packed. The center of the world, located at latitude 0º0’0”, features a variety of exciting sites. We visited two main attractions during our time in Quito.

Team members Stephanie Feit, MBA ’19),
Brant Tagalo, BSBA ’20, and Mimi Wang, MBA ’19,
line up for a demonstration of some of the
increased gravity effects at the center of the earth.

The first site was built around what was originally considered the center of the world, and includes a large park with museums, restaurants, and monuments. The second was built at the true center of the earth, calculated using a modern, military-grade GPS. At this site, our team took a tour and learned about ancient indigenous cultures and some of the natural phenomena that happen along the equator line.

After a day of sightseeing, we stopped at a chocolate shop and cafe, where we had some tea and coffee. Cacao beans are grown in and around Ecuador, so it has the best chocolate and some of the best coffee in the world.

The view from the coffee shop
is quaint, and the drinks are delicious.

We also dined at Quitu, a restaurant that puts modern experimental cooking twists on classic Ecuadorian food. Quitu is unique in that it sources all of its food locally and organically. Interesting menu items include broccoli rabe cooked in cucumber and rabbit soup, fresh fish in zucchini sauce, deep fried guinea pig (called cuye), and pork tongue in a soy-like sauce. All of the dishes were served on distinctive plates made of driftwood, cross-sections of tree stumps, or rocks. Our meal there was a lively occasion appreciating authentic Ecuadorian cuisine.

We loved having the opportunity to explore and experience Ecuadorian culture outside of our time spent with our client in October. Now that we are home again, we look forward to composing our final deliverables and helping our client going forward.


Copy of Robert S. Brookings portrait that hangs in the lobby of the Alumni House.

The Robert S. Brookings portrait hangs
in the lobby of the Alumni House.

For more than a century, the histories of WashU business education and the Brookings Institution in Washington DC have been intertwined. Robert S. Brookings, the St. Louis businessman, philanthropist, and WashU board president who built the Danforth campus and elevated the university to the world stage, was also passionate about the intersection of business and government policy education.

That passion, in fact, led to the establishment in 1916 of the precursor to today’s Brookings Institution, which was for a time a part of Washington University.

President John F. Kennedy recognized the need to bridge policy and business when, in 1962, he greeted Brookings attendees to the White House: “My experience has been that those businessmen who have worked in Washington, who have held positions of responsibility, who know something about the public responsibilities of those who hold executive office, are a good deal more understanding and a good deal more successful in their business work later on.”

Today, we begin the process of taking the Brookings-WashU partnership to another level. Construction begins this month to expand Olin’s space at Brookings from 2,000 to 12,000 square feet—a significant undertaking with implications for what we can offer. The new space bears the iconic street address of 1776 Massachusetts Avenue NW, overlooking the main Brookings building across the street.

Space is tough to come by in Washington and a larger footprint means we can serve more students who are waitlisted for our master of science in leadership, our certificate programmes in public leadership and policy strategy, and our executive education courses.

In fact, if this space had been available last year, every waitlisted student would have been able to participate in a Brookings programme, according to Ian Dubin, assistant dean and director for Brookings Executive Education. And while that will help us expand our offerings to DC-based students, it will also bring us closer to another goal of mine: making sure every Olin student has a Brookings experience.

“This space is going to allow us to really grow what is the real advantage we have, which is this opportunity for immersion,” Ian said recently. “The global MBA program will soon begin, Olin’s Mumbai students will be coming, BSBA students will be coming.”

In addition to the construction work, I’ve also recently elevated the role that Lamar Pierce, Olin professor of organization and strategy, plays at Brookings. He now adds Associate Dean for the Brookings-WashU partnership.

“We believe this new space better reflects the important and lasting partnership between Brookings and Washington University,” Lamar said recently. “The new classrooms, which look out over Brookings and Dupont Circle, will provide state of the art instructional spaces for both our executive education and for the many Olin programs with Washington residencies.”

Optimistically, we expect to complete the expansion around late April or early May, but definitely in time for the arrival of more than 115 full-time MBA students in July, when they begin their round-the-world global immersion in Olin’s revamped two-year programme.

As we approach Robert S. Brookings’ 169th birthday on January 22, it’s fitting that we take note of this important milestone in the partnership between Olin and his namesake institution, the world’s premier think tank in arguably the world’s most important global capital.