Time.com: “The ‘Cash Cow’ of U.S. Universities: Professional Certificates Instead of Degrees”

In February, Pace’s Lubin School of Business and the Association of International Bank Auditors joined forces to introduce a six-month program leading to a Certified Compliance and Regulatory Professional certificate. Professional certificates are valuable for mid-career professionals who don’t have time to plod through the programs of study required for advanced degrees but who need to update their skills regularly.

An article written by Jon Marcus for The Hechinger Report and appearing on Time magazine’s website today focused on the boom in certificate programs at four-year colleges.
 
Certificate programs can be added and updated more quickly than conventional academic ones.  And they can help workers keep up with fast-changing fields such as information technology and intelligence, or get raises or promotions.
 
But a main reason for the explosion in the number of professional certificates at traditional universities, administrators concede, is that they bring in revenue, largely from mid-career students who pay the full cost without needing institutional financial aid, or whose employers reimburse them for tuition.
 
 
“A global economy and the rapidity of progress in technology require continuous education,” said Neil Braun, the dean and a former president of the NBC Television Network and CEO of Viacom Entertainment. “Certificate programs are very useful for people who see the world around them changing faster than they can keep pace.”
 
Students see the benefit of a professional certificate more narrowly: to distinguish them from other candidates for scarce jobs.

Inc.com: “New York Gets New Start-up Lab”

Pace University opens up entrepreneurship lab, hoping to incubate interdisciplinary collaboration between students—and create some new companies in Lower Manhattan.

ENTREPRENEURS

February 17, 2012

New York Gets New Start-up Lab

Pace University opens up entrepreneurship lab, hoping to incubate interdisciplinary collaboration between students—and create some new companies in Lower Manhattan.

Before they were entrepreneurs, Rob Caucci and Jeremy Pease were students by day and residence hall RAs by night. That meant after classes in Pace University’s Lubin School of Business and computer science program, respectively, then would come home to “have to mediate dozens of conflicts every day between roommates,” Caucci says.

In an effort born of that frustration, the pair launched their first company, a roommate-matching software called Reslutions, which they dubbed “eHarmony for college roommates.” Then, after winning Pace University’s 2010 Pitch Contest with that idea, the pair shifted their plans: They are now looking for a $500,000 investment for their roommate cost-sharing and household management start-up, called SpaceSplitter.

Pace is the latest university trying to foster just this kind of partnership—in which a business school student meets an undergrad programmer and begins a lasting entrepreneurial relationship. On Thursday night, the Lubin School of Business at Pace held a reception launching the school’s new entrepreneurship lab, an open-floor-plan space decked in computers and Idea Paint tucked into a corridor of Lubin School. The secret sauce: any student from any school within Pace may apply. The lab’s director, Bruce Bachenheimer, who also organizes the Pace Business Plan Competition and Pitch Contest, said he’d gotten a call from a nursing students asking if she could apply for the lab, hopefully to find a collaborator for a piece of health-care software or an app.

“Entrepreneurship is interdisciplinary problem solving and no one can be expert at everything; therefore well-coordinated collaboration is at the heart of what we strive to instill in our students,” says Neil Braun, dean of Pace’s Lubin School of Business and former president of NBC and chairman of Viacom Entertainment. “The lab is a conducive space for students, faculty, entrepreneurs and city officials to identify opportunities and needs and build a plan to make something good happen.”

Thursday night attracted other bold-faced New York start-up names, including Harold Levy, managing director of Palm Ventures and former NYC Schools chancellor, and Robert Walsh, New York City Small Business Services commissioner.

“New York is a thriving hub of entrepreneurship, but we’re still in the second and third inning,” compared with Silicon Valley’s thriving technology industry and start-up scene, said Somak Chattopadhyay, a partner in Tribeca Venture Partners, who spoke at the Entrepreneurship Lab launch. “We’ve been missing a critical mass of incubators and accelerators.” —Christine Lagorio

Pictured: Robert Walsh, Commissioner of the New York City Department of Small Business Services

Crain’s New York Business: “Pace University launches entrepreneur lab”

Following the lead of schools like New York University and Columbia University, a group at Pace University has created a space for the school’s budding entrepreneurs to call home.

Downtown business school creates a space to foster entrepreneurialism among its students

By Emily Laermer
February 15, 2012
 
Following the lead of schools like New York University and Columbia University, a group at Pace University has created a space for the school’s budding entrepreneurs to call home. 
 
The lab, located on the third floor of 163 William St., will open Thursday. It was the brainchild of Neil Braun, the dean of the university’s Lubin School of Business. However, it will be available for use by all Pace students, not just those from the business school, he said. 
 
“It’s about more than starting companies. Entrepreneurship, to me, is a mindset, a way of thinking and interdisciplinary doing,” said Mr. Braun, adding that the lab will be open to students in all of Pace’s specialized schools, which include programs for computer sciences, business, education and health professions, as well as an arts and science program.
 
Before becoming dean of Lubin 18 months ago, Mr. Braun was the president of NBC Television Network and CEO and chairman of Viacom Entertainment.
 
Mr. Braun would not disclose the financials of the lab, but he noted that funding will come from the university. He said the university “reallocated funds that were used for other things that outlived their utility,” adding that he expects future successes from the lab will justify the cost.
 
The lab will include space for students to conference with investors, a studio for them to work and a large meeting room for speakers. Bruce Bachenheimer, the director of the lab and a professor at Lubin, says he plans to reach out to some of the thousand-plus Pace-area alums who self identify as entrepreneurs to be potential guests.
 
“This will be very student focused,” Mr. Bachenheimer said. “It’s important for me to see how the students are using the lab and what is providing them with the most value.”
 
In fact, Mr. Bachenheimer says he has seen an increase in student interest in entrepreneurship in recent years. He blames this on the economy and the high unemployment rate. Students see creating their own companies as a safer route.
 
“They also want to make something meaningful and create something,” he said.
 
Part of the inspiration for this lab stemmed from competitions at other schools like Stanford University and Massachusetts Institute of Technology. Locally, New York University launched its Innovation Venture Fund in 2010. This group offers seed money for startups built at the university. In November, the organization helped organize an Entrepreneurs Festival for its students.
 
NYU also partnered with Columbia University to organize hackNY, an group that aims to connect tech-minded students with startups. Columbia has its own lab, Columbia Technology Ventures, which launches about a dozen startups per year.
 
Pace will be hosting a ribbon-cutting event Thursday evening at the lab to mark its official launch. In addition to members of the Pace community, speakers for the reception include Gurbaksh Chahal, the founder, chairman and CEO of online advertising network RadiumOne, and Robert Walsh, the commissioner at the city’s Department of Small Business Services.

Bloomberg Businessweek: “Executives Teaching in B-School”

Some academic theories might be best understood by the people who put those theories into practice.

Practitioners who teach have their failures as well as their successes on display for students. They also serve as a sounding board for students seeking practical career advice.

Business schools have come to value the practitioner’s perspective, and they are increasingly making room for those viewpoints on their staffs. Bloomberg Businessweek identified 25 top executives who teach/guest lecture, including Neil Braun, Dean of the Lubin School of Business.

Neil Braun: Viacom Entertainment

Who: Chief executive officer, Viacom Entertainment (VIA), 1988-94; president, NBC Television Network, 1994-98
Where: Pace University’s Lubin School of Business
What: Dean, guest lecturer

Braun joined a growing list of former executives tapped to run business schools when he was named dean of Pace University’s Lubin School of Business in June 2010. Braun also flits in and out of the classroom as a guest lecturer. He says he has his most rapt audience any time the discussion topic is M&A negotiations. During his time at Viacom, the company bought Blockbuster and Paramount Pictures. “Students hang on every word when you can tell them what was really going on,” he says of those deals in Bloomberg Businessweek.

Online WSJ -“Apple, News Corp. To Unveil iPad Newspaper – Source”

“[Murdoch] jumped into Myspace–that hasn’t worked out so well, but he was smart to be there,” said Neil Braun, the dean of Pace University’s Lubin School of Business and former chief executive of Viacom Inc.’s (VIA) entertainment divsion. “The idea that a platform like the iPad can create an opportunity for new media brands makes a lot of sense to me, and I’m not at all surprised that somebody like Rupert Murdoch would be the first person to jump in and build something there.”

 A major story about the alliance between Steve Jobs and Rupert Murdoch on The Daily, Murdoch’s new digital newspaper for the iPad, ended with a bang for Pace: a knowing analysis of the move from the dean of the Lubin School of Business, Neil Braun, who is a former chief executive of Viacom Inc.’s entertainment division. Read more.

Neil Braun, Former NBC Television Network President and Viacom Entertainment CEO, Named Dean of Pace’s Lubin School of Business

Highly respected in the media industry, Braun has been involved in multiple new business startups as both entrepreneur and investor. With his significant knowledge in the area of corporate environmental sustainability and the issues challenging public companies today, Braun will lead the more than century-old business school known for innovative programs and blending theory with practice.

FOR IMMEDIATE RELEASE

Media Contacts/Pace Public Information: Samuella Becker, 212-346-1637 or 917-734-5172, Sbecker2@pace.edu and Bill Caldwell, 212-346-1597, wcaldwell@pace.edu

Neil Braun, Former NBC Television Network President and CEO of Viacom Entertainment, Named New Dean of Pace University’s Lubin School of Business

Highly respected in the media industry, Braun has been involved in multiple new business startups as both entrepreneur and investor.  With his significant knowledge in the area of corporate environmental sustainability and the issues challenging public companies today, Braun will lead the more than century-old business school known for innovative programs and blending theory with practice.

NEW YORK, NY, June 24, 2010 – Neil S. Braun, who has more than 30 years of experience in senior management including positions as president of the NBC Television Network and CEO of Viacom Entertainment, has been appointed dean of Pace University’s Lubin School of Business, effective July 1, announced Stephen J. Friedman, president of Pace University.

Braun, 57, will take the helm from Joseph R. Baczko, former president and CEO of Blockbuster Entertainment and founder of Toys “R” Us International, who is returning to private industry after five years in the position.

“As the new dean, Neil will add industry dimension and vision to Lubin’s expertise and innovative programs,” said Aniello A. Bianco, chairman of Pace’s Board of Trustees. “The hire of Braun is a bold, confident move infusing a 100-year institution founded as a business school with a 21st century pedigree. Consensus building and collaborative, he’ll be a very positive force for faculty, staff, students, and alumni.”

“Pace has hit a home run with the appointment of Neil Braun,” said Frank Biondi, former CEO of Universal Studios, Viacom, and HBO, who hired Braun both at HBO and Viacom. “He’s a world-class guy with impeccable credentials who leads by collaboration and clarity of thought.”

Braun is currently CEO of The CarbonNeutral Company, which assists companies in analyzing and reducing their carbon footprints (greenhouse gas emissions). CarbonNeutral has invested in more than 200 projects on six continents for more than 300 major corporate clients and 1,000 small business clients. The company combined with Braun’s start-up, The GreenLife Organization, in late 2008 in order to achieve a more significant global presence.

Braun’s experience with CarbonNeutral and The GreenLife Organization will serve him well when he joins Pace, which has a strong commitment to teaching and practicing sustainability and boasts one of the top environmental law programs in the country.

“I am excited to build upon the history of success at Pace,” said Braun. “Providing students with strong fundamentals in the business disciplines and the ability to nimbly apply them has never been more important.  The emergence of the developing world, the proliferation of interactive and mobile media, and the scarcity of natural resources will continue to shape markets and competition. Preparing our students to be effective in a rapidly changing world is a tremendous responsibility and opportunity.”

Additional career highlights. Braun began his career as a corporate attorney at Paul, Weiss, Rifkind, Wharton & Garrison in New York (1977-1978).

As senior vice president and general counsel for International Film Investors (1978-1982), he structured and negotiated financing and distribution for feature films including Ghandi, The Killing Fields, Hopscotch, Escape from New York, and The Howling. He headed HBO’s film financing and home-video activities (1982-1986) and was part of the negotiating team for the licensing of pay-television rights from the studios. He also created Silver Screen Partners and HBO Video.  As president and COO of Imagine Films Entertainment (1986-1988), he took the Ron Howard/Brian Grazer production company public while structuring financing and distribution for 30 feature films through Showtime and Universal Pictures.

In addition to serving as a senior executive in major public corporations such as NBC (1994-1998) and Viacom (1988-1994), Braun has been involved in venture stage companies.

With the producer of the Shrek computer-animated franchise, Braun formed Vanguard Animation (2002). He was named president, Feature Films and Television for IDT Entertainment, a division of the long-distance phone company, which was Vanguard’s primary funding partner (2005). When Liberty Media acquired IDT Entertainment the following year and merged it into its Starz Entertainment Group, Braun assumed the role of president, Distribution and Marketing of Starz Media, which included in its stable Film Roman, the longtime animator of Fox’s The Simpsons and King of the Hill.

Frank Biondi praised the work Braun did at HBO, “Neil restructured how we licensed films from independent producers by creating Silver Screen Partners and HBO Video, which significantly lowered our program acquisition cost. At Viacom, he had a wide scope of responsibility from real estate and human resources to the production and distribution of programming for broadcast networks and stations. Neil’s intellect, experience, and people skills are a great match for the challenges and opportunities facing business schools today.”

Braun serves on the board of directors, audit committee and compensation committee of IMAX Corporation, a NASDAQ company. He also serves on the board of directors and compensation committee of Share Our Strength, and the board of directors and executive committee of the Westhampton Beach Performing Arts Center. He has been a member of the National Association of Corporate Directors since 2008.

Since 2000 Braun has been a member of the University of Pennsylvania’s Board of Overseers for the School of Arts and Sciences and, since 2008, the Trustee’s Social Responsibility Advisory Committee.  He has also been a faculty lecturer at the Wharton School of Business on the topic “Economic Models of Media and Entertainment” (2001).  Braun holds a BA from the University of Pennsylvania (1974) and a JD from the University of Chicago Law School (1977) where he was a member of the Law Review.

Pace’s Lubin School of Business enrolls nearly 4,000 students. Lubin boasts a number of graduates who have gone on to become major industry leaders.

About Pace University: For more than 100 years, Pace University has been preparing students to become leaders in their fields. A private university, Pace provides an education that combines exceptional academics with professional experience and the New York advantage. Pace has campuses in New York City and Westchester County, and enrolls almost 13,000 students in bachelor’s, master’s, and doctoral programs in the Dyson College of Arts and Sciences, Lienhard School of Nursing, Lubin School of Business, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

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Viacom CIO Joe Simon to be Honored with Pace University Leadership and Service in Technology Award

The 14th Annual Leadership and Service in Technology Award Reception, celebrated by Pace University’s Seidenberg School of Computer Science and Information Systems will be held on Tuesday, June 9, 6 pm, at The Bank of New York Mellon, 101 Barclay Street, New York, NY.

Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, wcaldwell@pace.edu

June 8, 2009

MEDIA ADVISORY

VIACOM CIO JOE SIMON TO BE HONORED WITH PACE UNIVERSITY LEADERSHIP AND SERVICE IN TECHNOLOGY AWARD JUNE 9

Keynote address on “transformation through technology” by investor Steven Cooper, former CIO of American Red Cross and Homeland Security

Award to IT chief of corporate parent of MTV, Nickelodeon, Paramount Pictures, Comedy Central recognizes “application of technology to serve people”

WHO: This year’s honoree is Joe Simon, senior vice president and CIO of Viacom.

Keynote address: “Transformation through Technology” by Steven Cooper, former CIO of the American Red Cross and the Department of Homeland Security, and a founding partner of The Strativest Group.

WHEN and WHERE: Tuesday, June 9, 6 pm, at The Bank of New York Mellon, 101 Barclay Street, New York, NY. Media admission by press card.

WHAT: 14th Annual Leadership and Service in Technology Award Reception, celebrated by Pace University’s Seidenberg School of Computer Science and Information Systems. The award honors individuals and companies not only for “leadership in the field of technology,” but also for “innovation in the application of technology to serve people, and commitment to community service and education.”

The keynote promises to be of interest to investors and others tracking information technology. The annual award reception serves as the primary fund-raiser for the Seidenberg school. All proceeds are used to support the school’s Endowed Scholarship Fund and various initiatives.

BACKGROUND ON SIMON: Simon is responsible for the design, implementation, and operation of information technology programs throughout Viacom’s worldwide offices. He has created and supported an advanced technological infrastructure during a period of intense growth. Previously, he spent nine years as a principal at Booz, Allen and Hamilton, focusing on the media sector, and held executive positions at Reader’s Digest and various business concerns in New Zealand and India.

Viacom, the world’s leading entertainment content company, has penetrated all areas of media including broadcast and cable television, radio, outdoor advertising, and online communications. In entertainment, news, sports, music, and comedy, Viacom’s well-known brands include MTV, Nickelodeon, Paramount Pictures, and Comedy Central.

For additional information and to register, visit www.seidenberg.pace.edu/lst or call Dawn Rigney at (914) 773-3944.