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.

Consumer Reports Money Adviser: “Want to be your own boss?”

If you think only young people have the guts and stamina to start a business, think again.

The highest rate of American business startups is in the 55-to-64 age group, and nearly one-quarter of baby boomers are self-employed, acccording to the Kauffman Foundation. But you need more than a good idea to run a successful business, says Bruce Bachenheimer, who launched several successful entrepreneurial ventures before beginning his career as a professor.

Becoming a successful entrepreneur isn’t easy …  even for those with advanced degrees and healthy bank accounts.   Here are some steps to becoming your own boss.

* Be honest with yourself.  Not everyone is cut out to be an entrepreneur.  “The best are risk takers confident in themselves and their ideas,” Bruce Bachenheimer, a professor of management at Pace University in New York told Consumer Reports Money Advisor, a newsletter distributed to about 300,000 paid subscribers.

* Take time to consider what you’re giving up or getting into.  Do you need a structured environment?  A steady paycheck?  Are you fleeing a bosss only to find all customers will be your boss?” Bachenheimer asks.  “Are you dumping a time clock but investing 100 hours a week?”

* Buying an existing business can be a good route.  “Sometimes owners run out of capital or enthusiasm,” Bachenheimer says.  “You can get a lot of assets, inventory, and a client base.”  Still, he warns buyers to perform due diligence to prevent gettting stuck with someone else’s bad debts.  

* Smart entrepreneurs surround themselves with even smarter experts.  Find a financial consultant or lawyer for advice, but choose advisers carefully.  “Don’t pay hucksters to do things that are free – like obtaining an employer identification number,”  Bachenheimer says.  “Anyone can sell themselves as an expert, so get references and proposals.”

* Funding will probably come from your own bank account, not from some wealthy venture capitalist.  Even bank loans are tough to get these days.  “Once your business has some cash flow, you might find it easier to get a small-business loan, Bachenheimer says.

U.S.News & World Report: “CEOs Teach in M.B.A. Classrooms”

Most CEOs spend the latter years of their professional lives giving presentations in high-pressure board rooms for select groups of middle-aged power brokers, not in lecture halls filled with green but eager business students. However, a few such as Neil Braun, Dean of Pace’s Lubin School of Business and former President of NBC Television Network, have opted to venture into the world of higher education … using their corporate experience to mold a new generation of top executives.

Neil Braun, dean of Pace University’s Lubin School of Business and former CEO of Viacom Entertainment: Having worked as the top executive at numerous firms—including entertainment giant Viacom—during his 33-year career, and no longer satisfied with the rewards of his day job, Braun told U.S. News & World Report that he yearned to impart the knowledge he’d gleaned to a younger generation. After searching for vacant administrative positions at business schools in the New York metropolitan area, he landed at Pace in 2010, where, in addition to serving as dean, he routinely meets with student leaders and gave guest lectures in eight classes during the past year on topics ranging from leadership to competitive strategy. 

Beyond the detailed advice he offers in those lectures, he advises all business students to learn to write well, to hone one very difficult analytical skill, and to familiarize themselves with areas of business outside of their specialty. Data analysts, for instance, should be able to freely converse with marketers about their duties, and vice versa, he says. 

“I wish somebody had clued me in to some of this stuff when I was young, and contextualized all the trauma I had to go through—like we all do—in trying to figure this out,” he says. “I’m not being naïve in thinking that just by telling them I’m going to save them from anything, but I do get E-mails and feedback from people that they took one or two really important things that have made a difference in their lives.”

Crain’s New York Business: Pace’s Lubin School moves up 15 places in US News ranking

The graduate business program at Pace University’s Lubin School of Business has moved up 15 places in the U.S. News Media Group’s rankings. It is now tied with the program at Fordham University.

Pace University’s Lubin School of Business has moved up 15 spots to 97th, tying with Fordham University in U.S. News Media Group’s 2012 ranking of the best business graduate schools.

Officials at U.S. News, which has been publishing these rankings for 22 years, said job prospects for the graduates in these programs were improving. The number of MBA graduates who found jobs after three months of graduation jumped 4.9% for the class of 2010 from the previous year.

“After two brutal recessionary years, signs are showing a positive outlook for prospective graduate students and graduates this spring,” said Brian Kelly, editor of U.S. News & World Report.

NEWS RELEASE: Lubin Maintains Dual AACSB Accreditation, An Elite Distinction Shared by Fewer than 2% of World’s Business Schools

AACSB International lauds Lubin’s strengths: “Student-focused; experience-based learning; financial capital location; small classes; culture of collegiality; strong loyalty and program satisfaction among students and alumni; faculty commitment to students; jobs at graduation – recent placement rates for BBA/MBA program approach 100%.”


Media Contact/Pace Media Relations: Samuella Becker, 212-346-1637 or 917-734-5172,

Pace University’s Lubin School of Business Achieves Prestigious Maintenance of Dual Accreditation

 Elite Distinction from AACSB is Shared by Fewer than 2% of World’s 13,000 Business Schools

 Is One of Three New York City B-Schools with Dual Accreditation in Business and Accounting

AACSB International lauds Lubin’s strengths: “Student-focused; experience-based learning; financial capital location; small classes; culture of collegiality; strong loyalty and program satisfaction among students and alumni; faculty commitment to students; jobs at graduation – recent placement rates for BBA/MBA program approach 100%.”

NEW YORK, January 18, 2011 – Pace University’s Lubin School of Business has successfully maintained its dual accreditation for another five years from AACSB International, the Association to Advance Collegiate Schools of Business. This accreditation is the hallmark of excellence for management education.

“It is more important than ever to be worldly and highly proficient in the analysis and skills necessary to compete in a fast changing and tumultuous global economy,” said Neil S. Braun, Dean of the Lubin School of Business, who is a former NBC Television Network President and CEO of Viacom Entertainment.

“Being among the very select group of business schools in the world that have earned dual AACSB accreditation,” he added, “is testimony to Lubin’s commitment to excellence in preparing our students for the world into which they will graduate.”

AACSB-accredited business schools have the highest-quality classes, teachers, research, students and programs. Less than two percent of the world’s almost 13,000 business schools have achieved dual business and accounting accreditation from AACSB, and this prestigious endorsement places Lubin in an elite class. According to an AACSB International press release issued January 6, 2011,  Lubin is one of 47 schools that have maintained their accreditation in business and one of nine who have maintained their accreditation in accounting this year. Lubin is one of only three New York City business schools with dual AACSB accreditation.

Student Centered

In its recommendation, the AACSB review team lauded the ways Lubin “successfully fulfills the succinctly stated student-centric mission.”

Specificially, the report said: “There is a strong faculty engagement and outreach to prospective employers and a focus on experience-based learning. …. In spite of having multiple campus locations, the faculty and staff have been very proactive in serving the needs of students at both the graduate and undergraduate levels and providing a high level of personal attention. For example, program advisers and career advisers on all campuses work well together to ensure a seamless interface regardless of location. Faculty members take their teaching seriously … Class sizes remain generally between 26 and 29.” The report also cited Lubin’s Assurance of Learning process as “exemplary.”

AACSB International accreditation assures stakeholders that business schools:

  • Manage resources to achieve a vibrant and relevant mission.
  • Advance business and management knowledge through faculty scholarship.
  • Provide high-caliber teaching of quality and current curricula.
  • Cultivate meaningful interaction between students and a qualified faculty.
  • Produce graduates who have achieved specified learning goals.

“It takes a great deal of commitment and determination to earn AACSB accreditation,” said Jerry Trapnell, executive vice president and chief accreditation officer of AACSB International. “Schools must not only meet specific standards of excellence, but their deans, faculties and staffs must make a commitment to ongoing improvement to ensure that the institution will continue to deliver high quality education to students.”

About The Lubin School of Business at Pace University

Lubin is the second largest private AACSB-accredited business school in New York and the seventh largest private AACSB-accredited business school in the country. Lubin first earned AACSB accreditation in 1996 and the accounting department followed in 2006.   Lubin is one of six schools and colleges within Pace University.  It offers ten undergraduate majors and 18 graduate degree programs in business.  Current enrollment is 2,820 undergraduates and 1,157 graduate students.  The school is named for Joseph I. Lubin, an alumnus and benefactor who co-founded the nationwide accounting firm of Eisner Lubin.

Anchored on a strong liberal arts foundation, undergraduate BBA students can major in accounting, finance, marketing, and management, and choose concentrations in entrepreneurship, hospitality and tourism, human resources management, international management, and many others. Lubin’s graduate programs offer a wide range of MBA, EMBA, BBA/MBA, MS, MFP and DPS programs on either a full-time or part-time basis.

Lubin’s mission is to provide its students with exceptional experienced-based learning that blends business theory with practical applications to prepare its graduates for successful professional careers in the global business environment. Lubin has a large and diverse international student population, with 672 students representing 75 countries.

Physical proximity of Pace’s New York campus to Wall Street and of its Westchester campuses to many nearby corporate headquarters facilitates strong corporate partnerships. Pace’s Career Services Program, with 927 students participating annually in internships (almost 700 from the Lubin School), is the largest university co-op program in the New York metropolitan area.

Notable Lubin alumni include Phil Bleser, Managing Director and CEO, Mid-Corporate Banking Group, JPMorgan Chase & Co.; Paul A. Galiano, Senior Managing Director (Co-Acquisitions, Dispositions, Capital Markets, JV Transactions), Tishman Speyer; Mel Karmazin, CEO, Sirius Satellite Radio Inc.; William C. Nelson, Chairman and CEO, Home Box Office; David J. Pecker, Chairman, President and Chief Executive Officer of American Media, Inc; James E. Quinn, President, Tiffany & Co.; Jack Ribeiro, Global Managing Partner, Global Financial Services Industry, Deloitte & Touche USA LLP; Ivan G. Seidenberg, Chairman and CEO, Verizon Communications; Marie J. Toulantis, former CEO, Barnes &; and Richard Zannino, Managing Director of CCMP Capital and former CEO, Dow Jones & Company.

About Pace University

For 104 years, Pace University has produced thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems.

About AACSB International

AACSB International (The Association to Advance Collegiate Schools of Business), founded in 1916, is an association of more than 1,200 educational institutions, businesses and other organizations in 78 countries. AACSB’s mission is to advance quality management education worldwide through accreditation, thought leadership, and value-added services. AACSB accreditation is the mark of quality distinction most widely sought after by business schools—less than 5 percent worldwide have earned the achievement. As the premier accrediting body for institutions offering undergraduate, master’s, and doctorate degrees in business and accounting, the association also conducts a wide array of conferences and seminar programs at locations throughout the world. AACSB’s global headquarters is located in Tampa, Florida, USA and its Asia headquarters is located in Singapore.