For
Dori Lombard, business department chair, the process of applying to
New York State for the expansion of Molloy College's business program
was long and intense. Dr. Lombard says she spent about "90 hours
a week" on the process, "even on my vacation," and she
admits, "When the applications were approved earlier this year,
I celebrated!" And as a result, Molloy is now accepting applications
for its new MBA program, which will begin in spring 2004.
Molloy
College initiated the task of reevaluating its undergraduate accounting
program and creating a new Master of Business Administration nearly
a year ago. When a task of such magnitude is undertaken, it's common
for a number of players to be involved, and in the case of Molloy College,
which opened its doors as a women's college in the fall of 1955, the
task was coordinated by four Molloy women administrators.
According
to Dr. Valerie Collins, vice president for academic affairs and faculty
dean, Molloy College devised a strategy to strengthen its programs more
than a decade ago, and in the early 90s, began with its traditional
courses Ð first nursing, and then by 1995, the education program.
By the early 2000s, the business climate was changing Ð New York
State increased the requirements for eligibility to sit for the CPA
licensure exam and the Stock Market meltdown and corporate scandals
at Enron and Worldcom brought public lack of confidence in business
leaders. "The time had come to strengthen our next program,"
says Dr. Collins, a 27-year faculty member who earned her nursing degree
and previously taught nursing at Molloy. Together with College President
Drew Bogner, she identified the business program for evaluation. "And
we were ready to launch a master's in business," she adds.
Meeting
community needs
Attending a non-residential college, Molloy's students' roots are on
Long Island; they work on Long Island, and they stay on Long Island
after graduation. Additionally, Dr. Collins comments that Molloy maintains
a connection to Long Island's business community, and adds, "Business
is going to be a vibrant part of the Long Island community, and Molloy
wants to be a part of that growth." MBA Director Dr. Kiran Chaturvedi
concurs with Dr. Collins' assessment, and says, "Long Island is
a very competitive market and its economy has been strong. Grumman is
coming back, too, and that's good for us."
Applying
for approval and student benefits - dual degrees
Having completed a reevaluation of its undergraduate business management
program last year, attention focused on the restructuring of the undergraduate
accounting program in light of the CPA exam requirements. New York State,
which mandated all colleges and universities to reevaluate their qualifying
programs by 2009, requires students to have a combination of 150 hours
earned at either the undergraduate or graduate level to sit for the
exam. The Molloy business team creatively designed its MBA program so
that while students are earning their undergraduate degree, unlike traditional
undergrad students, they can take up to 9 credits of graduate courses.
That puts them only 24 credits shy of receiving their master's if they
wish to expand their studies to a five-year program and receive a dual
degree, a BS/MBA, attaining both bachelor's and master's degrees. Students
can also pursue a dual degree in management.
Following
Molloy's community concerns, the college began the long path to MBA
approval with a feasibility study. "We surveyed students who expressed
interest in enrolling for an extended program and we studied programs
at seven other universities," remarks Dr. Lombard. Then came the
arduous task of shaping the curriculum, designing core courses that
set the program tone and a capstone project that sets Molloy students
apart from the competition.
Once
the undergraduate and graduate proposals were packaged, they underwent
consultancy review: the University of Niagara business program dean
reviewed the management piece and Pace University's accounting chair
reviewed the accounting piece. After evaluation, adjustments were made
and final proposals were submitted to the Department of Academic Affairs
and the President.
While
preparing the state application, Dr. Lombard sifted through a regulation
binder 4-inches thick, and by February 2003, following two separate
sets of regulations, she submitted two separate proposals to the Department
of Education: the management program proposal to the Office of Higher
Education and the accounting program to the Office of the Professions.
Both approvals were returned shortly after the spring 2003 semester.
MBA
Curriculum and Capstone Project
Dr. Lombard and Dr. Chaturvedi worked closely on the curriculum for
the MBA program. Several core courses were designed to shape a well-rounded
education, and Dr. Chaturvedi notes that courses will be taught across
subject areas and students will not feel, as they often do, that they
are taking courses that are irrelevant. "Every course ties in,"
she adds. Taking its cue from the business world, the MBA program will
stress interpersonal skills and teamwork, and students will study principals
of management and international business.
Tapping
the college's newly opened Center for Business Leadership and Ethics,
Dr. Chaturvedi and Center director William Kline will team-teach an
organizational leadership course that will include theories and styles
of leadership. "Practical knowledge is not enough," remarks
Dr. Chaturvedi. "Students need to know philosophy of leadership."
Dr. Kline lends his expertise in ethics, and will explore ways to implement
ethics in the business world. "MBA students need to know about
grievance procedures, hiring and firing, Internet usage and sexual abuse,"
remarks Dr. Kline. "They must be constantly vigilant."
Molloy's
MBA capstone project involves an independent, entrepreneurship research
endeavor. While Dr. Lombard comments that Long Island is "an entrepreneurship
area," Dr. Chaturvedi, reflecting on Molloy's tradition as a women's
college, adds, "Women tend to have an entrepreneurship streak,
which might give them an edge. They have a knowledge of their environment
and the speed with which to react. In business, one can't afford to
nap, but must seize what opportunities arise."
"An
MBA has always been seen as a ticket to moving up," adds Dr. Chaturvedi.
"Undergraduate work stresses technical skills (financial statements),
but during graduate work, the stress is on concept skills (where you
are headed) and human skills (management). Concept is important at middle
management, but leadership is about vision. One can't ignore human skills,
emotional intellect." While an MBA helps students move up, our
focus, she adds, "is to take people to the top."
"I
see our challenges as helping students write resumes and sharpen interview
skills," contributes Dr. Lombard, pointing out that many CPA candidates
are required to attend all-day interviews, and corporate candidates
often are subjected to a three-day interview where they are expected
to engage in intellectual conversation, mingle with company personnel
and their families, show proper etiquette and wear appropriate attire.
Qualifications
of department leaders
Dr. Lombard and Dr. Chaturvedi bring worlds of experience to Molloy's
expanded business department. Dr. Lombard graduated from the University
of San Francisco with a dual bachelor's degree in accounting and finance.
She worked with Coopers Lybrand, which later merged with PricewaterhouseCoopers
as a controller and CFO. In the entrepreneurship arena, she owned a
flowershop as a student and worked for an independent certified public
accountant. In later years, she was a consultant to companies in "turnaround"
situations, desiring to improve profits to satisfy loss or bankruptcy.
Dr. Lombard graduated from C.W. Post with a master's degree in tax law
and received a doctorate from Pace University in accounting and finance.
Dr.
Chaturvedi, who has been a Long Island resident for 15 years, earned
her Ph.D. from Bombay University in India and developed her international
business expertise while working for a large international bank in India
and Hong Kong. She moved into organizational training and development,
serving as an internal consultant to banks with extensive global assets
on every continent. She became a visiting faculty member at Long Island
University's C.W. Post campus and moved to a full time professorship
at the Brooklyn campus. More recently, Dr. Chaturvedi moved into the
entrepreneurial consultant world, exploring the human aspects of business
Ð building diverse teams, handling conflict and focusing on gender
related issues.
Building
enrollment
Through a conscious effort, Molloy has been experiencing enrollment
growth in all programs over the past 10 years. According to Linda Albanese,
vice president for enrollment management and the fourth female member
of the business expansion team, increases in the past few years have
been even more dramatic. In the fall of 2000, total enrollment stood
at 2,471 and rose 3% during the following academic year. In 2001-2,
the increase was 9%, and enrollment increased another 7% last year,
bringing the student body to about 3,000. Working with admissions, Ms.
Albanese hopes to grow a diverse enrollment for the new MBA program.
"Our
responsibility is to recruit the MBA class," says Ms. Albanese,
and it's imperative we fulfill our promises of service to the incoming
students, including convenient bookstore and registrar's office hours,
and competent food service. She remarks that Molloy expects to build
on its reputation, adding "word of mouth is the best way to promote
a program." "Graduates from Molloy's accounting program attain
a passing rate on the CPA exam that is among the top three for Long
Island business departments," comments Dr. Lombard. "Companies
are interested in hiring our students."
Why
Molloy
Dr. Chaturvedi reports that Molloy's strength is its faculty/student
ratio, which is 9-to-1 overall. "That's a major attraction,"
she says, added to a good undergraduate experience and dedicated faculty.
"Molloy College is a caring, nurturing, small place in this big
New York City, and you can find a little comfort here."