Tag: Undergraduate



Thirteen new faculty members have joined Olin in the past year in accounting, finance, operations, strategy, and marketing.

Tenure-track faculty

SETH CARNAHAN, Associate professor of strategy
PhD: Strategy, 2013, University of Maryland
Prior to Olin: Sanford R. Robertson Assistant Professor of Business Administration and Assistant Professor of Strategy at the University of Michigan
Research Interests: Firm strategy, entrepreneurship, and human capital; how competition for human capital affects firm performance; why individuals create startup firms

XIANG HUI, Assistant professor of marketing
PhD: Economics, 2016, Ohio State University
Prior to Olin: Postdoctoral associate, Massachusetts Institute of Technology
Research Interests: Design of digital platforms and economics of digitization, how consumers’ experience with service providers on such platforms could be enhanced through platform policies and strategies that improve information or other aspects

MARYJANE RABIER, Assistant professor of accounting
PhD: Accounting, 2014, University of Maryland
Prior to Olin: Assistant professor of accounting, McGill University
Research Interests: Recent research, “Value is in the Eye of the Beholder: The Relative Valuation Roles of Earnings and Book Value in Merger Pricing,” was published in the Accounting Review, Vol. 93, No. 1, 2018

Visiting professors

ABER ELSALEIBY, Visiting assistant professor of operations and manufacturing management
PhD: Manufacturing and technology management, 2015, University of Toledo
Prior to Olin: Lecturer of operations management, University of Illinois at Urbana-Champaign
Research Interests: Manufacturing and service operations management, healthcare operations management/analytics, supply chain network design

*ILIAS FILIPPOU, Visiting assistant professor of finance
PhD: Finance, 2015, The University of Warwick
Prior to Olin: Assistant professor of financial economics, Warwick Business School
Research Interests: Asset pricing, international finance, macro-finance

MENG LIU, Visiting assistant professor of marketing
PhD: Economics, 2015, Clemson University
Prior to Olin: Postdoctoral associate at Massachusetts Institute of Technology
Research Interests: Auctions and mechanism design, specifically in the contexts of government procurement contracts; the emerging sharing economy of the digital era; The impact of Uber on the traditional taxi industry

Yaron Leitner, Visiting professor of finance
PhD: Finance, 2001, Northwestern University
Prior to Olin: Federal Reserve Bank of Philadelphia
Research Interests: Banking and financial institutions, information economics

ALESSIO SARETTO, Visiting assistant professor of finance
PhDs: Finance, 2006, University of California, Los Angeles; mathematical finance, 2002, University of Brescia
Prior to Olin: Assistant professor of finance and managerial economics, University of Texas at Dallas
Research Interests: Empirical asset pricing, capital structure, credit risk, and structured finance. Saretto has been published in Management Science, Review of Financial Studies, Journal of Fixed Income, and the Journal of Financial Markets

Professors of practice

PETER BOUMGARDEN, Professor of practice, organizational behavior
PhD: Organizational behavior/strategy, 2010, Washington University in St. Louis
Prior to Olin: Associate professor of management, Hope College
Research Interests: Researches, consults and facilitates executive education in the private and nonprofit sectors on topics of innovation, corporate strategy, marketing strategy and leadership development. Clients include Herman Miller, Edward Jones, Charles Schwab, Oracle and others

JEREMY DEGENHART, Professor of practice, finance
BSBA: 2000, Washington University in St. Louis.
Prior to Olin: Adjunct professor of finance, Olin Business School
Research Interests: Global Impact Investing Network, Advantage Capital, Solar Energy Industries Association

TIMOTHY SOLBERG, Professor of practice, finance
MBA: 1982, University of Chicago
Prior to Olin: Olin faculty advisor and lecturer, Quinnipiac Global Asset Management Education Forum
Research Interests: Economic development, health economics, international economics, banking and financial institutions, corporate governance

MICHAEL WALL, Professor of practice, marketing
BA: 2001, Indiana University
Prior to Olin: Adjunct lecturer, Olin Business School
Research Interests: Innovation, digital marketing, leadership

Research scholar

DAVID SOVICH, postdoc for finance
PhD: Finance, 2018, Washington University in St. Louis
Prior to Olin: PhD intern, Equifax Inc.
Research Interests: Empirical household finance, real effects of financial markets

*Not pictured. Pictured above, from left, first row: Yaron Leitner, MaryJane Rabier, Alessio Saretto, Timothy Solberg, Seth Carnahan. Second row: Peter Boumgarden, Meng Liu, David Sovich, Aber Elsaleiby. Third row: Xiang Hui, Jeremy Degenhart, Michael Wall.




More than 2,000 years ago, the Roman poet Virgil famously said, “Fortune favours the bold.” In today’s vernacular, he would have said, “Go big or go home.” At Olin, we’re going big. And we’re going bold.

We’re doing it by launching a sweeping renovation of the full-time WashU Olin MBA. Students who arrive in mid-2019 will be the first to embark on what is arguably the most global MBA programme anywhere in the world.

Two weeks after they arrive for orientation and introductory classwork in late June—yes, that early—every first-year MBA student will depart for an around-the-world immersion in global business. And I’m not speaking metaphorically. The summer semester continues with a week at the Brookings Institution in Washington, DC. Then two weeks in Barcelona. Then 17 days in Shanghai.

Students will dive deeply into the fundamental principles of business management in the context of each country’s local economy. Morning classes move to afternoon projects as students roll up their sleeves and apply their knowledge, doing research and analyzing real-world business problems with local executives. This isn’t academic tourism. It’s not a St. Louis class transferred to Spain or China. It’s serious work gaining cultural intelligence about global business and leadership issues.

When students return to St. Louis, they’ll be equipped to continue their core classes in strategy, economics, accounting, marketing, finance, and operations—but with global context and the perspective of several economic systems. Plus, they’ll have forged deep bonds with their classmates, a foundation to support, grow and advance one another throughout their Olin careers.

Additionally, students can accelerate their programme under our new model, moving more quickly to the job market, or pair their MBA with a specialized master’s degree.

Why embark on such a sweeping change to Olin’s flagship program? The answer, quite simply, is that we must practise what we preach. The world is shrinking. Leadership challenges are expanding. As we urge students to do, we must anticipate what the market will demand in the future—then think big and act boldly to confront the challenge. Tinkering around the margins won’t do.

We paired that principle with data. We informed our work with the help of Boston Consulting Group, which researched the needs of students and companies in the future. They interviewed current students, prospective students, faculty, corporate recruiters, and more, generating data about the requirements of a redesigned MBA programme.

In some ways, we’ve been building to this for a while. Recent MBA classes have had expanding global opportunities through the Center for Experiential Learning and the Brookings MBA capstone experience. This spring, we plan to pilot some of the global components of the redesigned curriculum, though details are yet to be ironed out.

On the Olin website now, there’s more detail available about our MBA renovation—designed with BCG, taught by world class experts on three continents, one truly global MBA. It is a renovation, I firmly believe, that will be favoured by fortune—for Olin and our students.




In one of Olin Business School’s newest magazine ads, white text pops from a field of rich red in type that evokes a sense of strength and wonder. Just a few words, strategically aligned on the page, draw the reader into a story of unknown origin—and clear gravity.

“When the cost of goods comes at a cost … we pause.”

Within that pause, Olin invites readers to consider the consequences of the decisions they’ll make and the preparation WashU offers for a business world demanding principled, evidence-based leadership.

Within that pause lies the mission of Olin Business School, its promise to students and the marketplace, and the pillars that underpin our strategic plan.

And from within that pause comes the bold voice of Olin Business School’s new brand identity, articulating what we are, what we stand for, and how our strategic plan sets us apart among the world’s top schools.

“We’re making a bold claim on what’s always been in our DNA: That we develop business leaders who create change, for good,” said Dean Mark Taylor, architect of Olin’s strategic plan. “It’s important for all of us to take ownership of this idea so we can clearly articulate our point of view on business education, attract the right kind of talent, and be a distinctive voice in the marketplace, as drivers of global change.”

See the video below to get a better understanding about how Olin will position itself with its brand messaging.

Launching the new Olin brand

Marketing & Communications prepares for the brand launch event.

Marketing & Communications prepares
for the brand launch event.

The formal announcement of Olin’s new brand strategy came today in a schoolwide event drawing together faculty and staff. With video presentations, digital signs, a champagne toast, and speeches from the dean and a faculty leader, participants heard how the business school will use its brand messaging to talk about the elements of our strategic plan, our vision, our mission, our values, and our strategic priorities.

Dean Taylor stressed the importance of our strategic pillars — particularly the idea that Olin develops values-based, data-driven decision-makers.

“The truth behind those words isn’t new at all. We’ve taken a deep dive into how we want to think and talk about ourselves,” he said, adding to the crowd of faculty and staff assembled for the event “it’s vital that we all take ownership of our brand.”

The crowd applauded after watching the brand identity video (see above).

Stuart Bunderson, co-director of the Bauer Leadership Center and Olin’s George & Carol Bauer Professor of Organizational Ethics & Governance, reinforced the message: “We want every Olin student to say first, what do the data say and second, what values are at play here” when they are making business-oriented decisions.

After the speeches and a champagne toast, Olin employees dispersed to pick up swag bags, enjoy street food from a group of food trucks on Snow Way, romp at a selfie station, and take headshots that may be used in Olin branding campaigns down the road.

More details about the branding

The messaging comes together in a simple positioning statement that boldly declares who we are and how we’re different from other top business schools: “As a premier educator of business professionals, Olin Business School champions better decision-making by preparing and coaching a new academy of leaders who will change the world, for good.”

We do this through our pillars of excellence, the elements that drive our approach to preparing leaders:

  • Values Based and Data Driven
  • Globally Oriented
  • Experiential
  • Entrepreneurial

The brand work also offered an opportunity to address another niggling challenge: Our school’s eight-word, 55-character name. New guidelines offer a more streamlined identity: “WashU Olin Business School,” captured in a more casual brand “mark”—a variation on the formal logo—that we will use as a “nickname” for the school when the full name is also visible elsewhere.

We’ve also taken care to ensure that Olin’s brand aligns with the WashU master brand. The university is often the front door to the business school, so it’s important that the two entities align. Our story starts with the core idea of the master brand, but extends that idea in a relevant and meaningful way.

More information about the strategic plan and the brand messaging strategy is available on the Marketing & Communications section of Campus Groups, where visitors can download logos, templates, and fonts, as well as see guidance on the use of our brand and our colors.




Cynthia Cryder

It’s National Financial Awareness Day—and we see it as our duty to bring you the best financial and business-related news today and every day. So pull up a front-row seat to this exclusive, free personal finance training, brought to you by associate professor of marketing Cynthia Cryder.

Why it matters

It’s easy to think of financial awareness as something that’s best left to the experts – but Cryder, whose research on personal finance ranges from the psychology of debt to the practical details of how we spend money, says that’s a big mistake—and one that could cost you emotionally as well as financially. Though she’s an expert in consumer decision-making and personal finance, Cryder defines financial awareness as “being deliberate about your finances and making a plan.” That means staying one step ahead and being ready for the next major or minor disaster – because it’s going to come.

Cryder says being aware of your finances and having a plan to save, reduce debt, and think about the future is crucial because of the sheer nature of how we react to money. In fact, Cryder says people in the United States cite financial stress as more difficult on them than health, job, or any other kind of stressor.

“It seems like not having emergency savings is one of the most stressful things, because most families and individuals have a financial shock every year,” Cryder explained. So getting your finances in control and knowing where you stand is about more than counting checks—it’s about a happier, healthier you.

Rethink saving

One of the most frequent roadblocks Cryder finds to helping people become financially well is a misunderstanding of the nature of savings—and emergencies. “The idea that the only type of savings is for the distant future, like education or health savings,” does the consumer a disservice. That’s because emergency spending should be a top priority, according to Cryder.

Why do we have such trouble thinking of saving up for the short term? It has to do with the kinds of financial emergencies we face and the way we compartmentalize them. “We see isolated expenditures as just that: isolated,” said Cryder. “So we think that we’ll never have that financial shock or expenditure again. And that may be true, but we’re bad at then understanding that we are going to have another unusual type of isolated shock or expenditure.”

So when we rationalize that a car breakdown isn’t likely to happen again in the near future, we forget to save for things like a health emergency, or a home repair. Rethinking the likelihood of an “exceptional” event happening, and understanding that you’re going to face one each year, is one of the keys to being truly aware of your financial situation.

One step at a time

Once you’re aware of the state of your savings and you’ve decided it’s time to reduce financial stress in your life, Cryder suggests a few simple ways of moving toward stability.

First up: Figure out what needs to change. “It’s about deciding what is important to you as a person and as a consumer,” she says. Assuming your finances are stressing you out, you’ve got two options: make more money or spend less.

That might take the form of getting an extra job on the side, or taking in a roommate or two to help with expenses. Or it could be as simple as tracking your expenses for a month, seeing what adds up and what could be cut to make room.

While that might seem easier said than done, it’s a crucial decision to make if you want to get rid of financial stress. It’s also the key to steps two and three: pay down those debts and start an emergency fund.

When paying down debts, Cryder recommends starting with the most expensive—think payday loans, credit cards, and anything above 10 percent APR. While that might seem obvious at first glance, Cryder and her fellow researchers have found that many consumers are actually more likely to tackle the manageable, lower-interest rates first. “It’s not entirely obvious that people shouldn’t be doing this, because it’s possible that people get a great satisfaction from clearing something off their plate,” she said. But keep in mind: the longer you wait to pay down those expensive loans, the more debt you’re accruing.

Once your debt is under control, an emergency savings fund is a must. Thinking about spending crises, Cryder warns that “these things keep coming up—and we keep having to deal with them.” So putting away some money with the expectation that you’ll spend it on an emergency will make you better equipped to handle that situation when it happens.

Become the best you

At the end of the day, everything Cryder does is about the consumer. She believes the goal of financial awareness is to “improve consumer well-being.” She wants to help consumers “reduce financial stresses and improve outcomes in terms of finding a good match between how they’re spending their money and how they’re finding satisfaction in life.”

In short: a financially aware you means a happier, healthier, and more satisfied you—and making life safer, better, and more comfortable for everyone is what Cryder—and financial analysts—are all about.




The Olin Fleischer Scholars Program is a free, week-long college preparatory program for high school students from underrepresented or first-generation college populations. Students experience college life, learn the essentials of business and university education, and improve their professional skills and résumés. We talked to this year’s scholars to see how they grew and how they’re forging their own paths.

Andressa

©Photo by Jerry Naunheim Jr.

“I think learning about finance was something I was scared about. I thought it would be really difficult to learn about in college, but the professor made it really simple. The professor gave the brief overview and it didn’t scare me. Some people have stereotypes with professors being really non-personal, and ‘just do your work,’ but not only he, but all the people that presented tried to connect with us.

“It was an amazing opportunity where you see that people really want to invest in you and your education, and to learn not just about the subject of business but college life. They helped us with essays, résumés, they help you get ready and take a step forward into the real world.”

William

©Photo by Jerry Naunheim Jr.

“The biggest thing I’ve done this week is network. I’ve met so many cool people — the other scholars in the program, the mentors, all the people running the show behind the scenes, and the guests we’ve had as speakers on company visits. I learned a lot about business and what it actually is compared to what I perceived it as in the past.

“I come from pretty much nothing back home, and everything I’ve done I’ve created for myself. I learned this week even more so that I can take charge of my situation and that what I’m dealing with right now back at home, it can’t affect me if I am able to take charge.”

Reina

©Photo by Jerry Naunheim Jr.

“I’ve gained a lot more confidence, and I’ve learned to think positively about my future, who I’m talking to, and to be able to communicate with more people. I’m not shy, but talking in front of people is a huge thing, and you need to learn how to do that. We’ve learned about shaking hands, and talking to people, and introducing yourself. We’re going to have a project to show in front of people, so being able to do a presentation is a really big thing.”

Brayneisha

©Photo by Jerry Naunheim Jr.

“One day, I plan on owning my own homeless shelter, and I want to go to school for social work — so I can put those two things (business and social work) together. This was really insightful for me. I got to go to different businesses and learn about marketing and everything in the business world.

“The most important lesson I learned is to make my own business and how to make it successful. I learned about startups and what you have to go through to make a business. I thought you could just have a plan and do it. I didn’t consider finances and capacity. It was a lot of things that I learned this week.”

 

 

Janyce

©Photo by Jerry Naunheim Jr.

“I want to own my own practice for psychology, so I learned a little bit about finance, which is the big part. I’m really appreciative of the information I learned, especially how to start a business and that having a startup in anything will help you.

“The most fun thing has been hanging out in the common room and getting to know each other. Now I have an amazing friend from Brazil, and amazing roommates and suite-mates, and it’s just been a great experience.

“I want people to know it’s not scary. It isn’t. And it’s a great way to branch out.”

To learn more about the Olin Fleischer Scholars program, please contact Paige LaRose.


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