Baruch College

Baruch College

Seal of Baruch College
Motto The American Dream Still Works
Established 1968 as an independent college
Type Public
Endowment $180.3 million[1]
President Mitchel Wallerstein
Provost David Christy
Academic staff
500 (full time)
Administrative staff
700
Undergraduates 13,777[2]
Postgraduates 3,240
Location New York City (Gramercy Park, Manhattan), New York, United States
40°44′25″N 73°59′00″W / 40.740159°N 73.98338°WCoordinates: 40°44′25″N 73°59′00″W / 40.740159°N 73.98338°W
Campus Urban
Colors Blue      and White     
Nickname The Bearcats
Mascot Bearcat
Affiliations City University of New York
Website www.baruch.cuny.edu

Baruch College, officially named Bernard M. Baruch College after its founder Bernard M. Baruch, is a constituent university located in the Gramercy Park section of Manhattan, New York City. It is a highly selective senior college of the City University of New York system, the third largest university system in the United States in terms of enrollment. Baruch offers undergraduate, masters, and Ph.D. degrees through its Zicklin School of Business,[3] as well as the Weissman School of Arts and Sciences and School of Public Affairs. CUNY graduates include 12 Nobel laureates, a U.S. Secretary of State, a Supreme Court Justice, several mayors, members of Congress, state legislators, scientists and artists. The Zicklin School of Business has grown to become the largest collegiate school of business in the nation.

History

The original 23rd Street Building, still in use
Steven L. Newman Hall at 137 East 22nd Street was built as one of the first Children's Courts in the U.S. (1912–1916).[4]
The Art Deco Administrative Center at 135 East 22nd Street was built in 1937–1939 as the Domestic Relations Court Building, and was connected to the Children's Court next door.[5]
151 East 25th Street

Baruch is one of CUNY's senior colleges, and traces its roots back to the founding of the Free Academy, the first institution of free public higher education in the United States. The New York State Literature Fund was created to serve students who could not afford to enroll in New York City’s private colleges. The Fund led to the creation of the Committee of the Board of Education of the City of New York, led by Townsend Harris, J.S. Bosworth, and John L. Mason, which brought about the establishment of what would become the Free Academy, on Lexington Avenue in Manhattan.

The Free Academy became the College of the City of New York, now The City College of New York (CCNY). In 1919, what would become Baruch College was established as City College School of Business and Civic Administration.[6] On December 15, 1928, the cornerstone was laid on the new building which would house the newly founded school. At this point, the school did not admit women. At the time it opened it was considered the biggest such school for the teaching of business education in the United States.[7]

By the 1930s, women were allowed into the School of Business. The total enrollment at CCNY reached an all-time high of 40,000 students in 1935, and the School of Business had an enrollment of more than 1,700 students in the day session alone. Most were Jewish and Italian immigrants, who could not afford to attend private universities. The School of Business was renamed the Baruch School in 1958 in honor of alumnus Bernard Baruch, a statesman and financier. In 1961, the New York State Education Law established the City University of New York (CUNY) system and, in 1968, Baruch College became a senior college in the City University system.

In the CUNY years, Baruch grew dramatically and for a time, CUNY considered relocating the college to Harlem to allow for expansion. The idea was later dropped, and the college acquired property on East 24th Street in Manhattan to expand its campus. The first president of the new college (1969–1970) was the previous Federal Secretary of Housing and Urban Development Robert C. Weaver. In 1971, the college appointed Clyde Wingfield, a noted educator, as its president. He was succeeded by economist Joel Edwin Segall in 1977. Segall recruited several well-known faculty members to the School of Business and established the college's permanent home on Lower Lexington Avenue.[8] Matthew Goldstein was president of the school from 1991 to 1998 (he later went on to serve as the Chancellor of CUNY from 1999-2013). He was responsible for raising admissions requirements and creating the School of Public Affairs in 1994. Edward Regan, former comptroller of New York state, served as president from 2000 to 2004. During his tenure, test scores rose, student retention rates increased, and many new faculty members were hired.[9] In 2001, the Vertical Campus opened and Baruch accepted its first students from the CUNY Honors College, now known as the Macaulay Honors College. The college also implemented a common core curriculum for all undergraduates.

Kathleen Waldron was appointed president in 2004. Under her leadership, the quality of students continued to rise and faculty hiring accelerated. Baruch also received an unprecedented number of donations from alumni, with the Vertical Campus, 23rd Street building, and Performing Arts complex renamed in honor of the three largest donors, respectively.[10] Alumni giving has increased under "Baruch Means Business," a $150 million capital campaign.[11] In August 2009, Waldron resigned from her position to become a University Professor at the Graduate Center. Stan Altman, former dean of the School of Public Affairs from 1999 to 2005, was named interim president.[12]

On February 22, 2010, Dr. Mitchel Wallerstein, Dean of the Maxwell School of Citizenship and Public Affairs at Syracuse University, was appointed as the next President of Baruch College. He took office on August 2, 2010.[13]

Baruch was the scene of student protests in 2011 as a result of tuition hikes.[14] This resulted in arrests.[14]

Larry Zicklin, who endowed the Zicklin School of Business with an $18 million gift in 1997, is currently a Clinical Professor at Stern School of Business at New York University and teaches courses in Corporate Governance and the Management of a Financial Business at Stern. Zicklin is also a Senior Fellow at the Wharton School at the University of Pennsylvania.

Presidents of Baruch College

President Tenure
1. Robert Weaver1968–1970
2. Clyde Wingfield1971–1976
3. Joel Segall1977–1990
4. Joyce Brown (Interim)1990–1991
5. Matthew Goldstein1991–1998
6. Lois S. Cronholm (Interim)1998–1999
7. Sidney Lirtzman (Interim)1999–2000
8. Edward Regan 2000–2004
9. Kathleen Waldron 2004–2009
10. Stan Altman (Interim)2009–2010
11. Mitchel Wallerstein 2010–Present

Academics

The college is composed of three academic schools, the Zicklin School of Business, the Weissman School of Arts & Science, and the School of Public Affairs.

The Zicklin School of Business grants a Bachelor of Business Administration (BBA) degree in 19 different business related areas, a Masters of Business Administration (MBA) in 14 business related areas, and a Masters of Science (MS) in 8 business related programs.[15]

The Weissman School of Arts and Sciences grants a Bachelor of Arts (BA) degree in over 26 different arts and science related areas, a Masters of Arts (MA)in Corporate Communications and Mental Health Counseling, and a Masters of Science (MS) in Financial Engineering and Industrial Organizational Psychology.[16]

The School of Public Affairs grants a Bachelor of Science (BS) degree in Public Affairs, a Masters of Public Administration (MPA) in 5 different public affairs related areas and a Masters of Science in Education (MSEd) in Higher Education Administration.[17]

The college also houses several doctoral (PhD) programs offered through the CUNY Graduate Center. They include Business (with specializations in Accounting, Finance, Information Systems, Marketing or Organizational Behavior) as well as Industrial and Organizational Psychology.[18][19] As of June 2013, the CUNY PhD in Business degree is offered jointly by the Graduate Center and Baruch College.[20]

Though the college is often recognized because of its business programs, they have various programs which have highlights. One such program is the Research Experience for Undergraduates (REU) sponsored by the National Science Foundation.[21] This program allows selected students from the Metropolitan area to complete an independent psychological research study with the guidance of a faculty member from Baruch's Department of Psychology.

Facilities

Newman Vertical Campus

17 Lexington Building

The building at 17 Lexington Avenue, or the 23rd Street Building as it is commonly referred to is still in use by the college today. The building was also called "UCLA East or The University of the Corner of Lexington Avenue", and was named by one of the elevator operators who had entertained the students and faculty in the vertical campus.[22] The building is now named the Lawrence and Eris Field Building. The building is most recognized for its notoriously slow elevators. According to Mr. Jim Lloyd, the assistant vice president of Campus Operations at Baruch College, the 23rd St Building is scheduled to begin renovation in 2013. The ten-year renovation project will finally bring the 23rd Street Building to 21st-century standards.[23] In 1998, after decades of renting space for classrooms, the college began construction of what would later be called the Newman Vertical Campus, named after businessman William Newman. Inaugurated on August 27, 2001, the 17-story building is now home to the Zicklin School of Business and the Weissman School of Arts and Sciences (the School of Public Affairs is housed in a separate building at 135 East 22nd Street).[24] East 25th Street between Lexington and Third Avenues was renamed "Bernard Baruch Way," and the college now uses the Vertical Campus as its official address.

Information and Technology / Library Building

The Information and Technology Building, opened in 1994, is located across East 25th Street from the Newman Vertical Campus.[25] It is home to the William and Anita Newman Library, featuring multiple floors with Wi-Fi access and designated "study-pod" areas. A 320-seat computer lab, the Baruch Computing and Technology Center, is on the sixth floor. The building also contains the offices of the Registrar, Undergraduate Admissions, Financial Aid and the International Student Center. It is colloquially known as the "Library Building" by students and staff.

Newman Vertical Campus

The Newman Vertical Campus is 786,000 square feet, 17-floor building, which cost a total of $327 million to erect.[24][26] It was honored in 2003 by the American Institute of Architects with the highest award it offers to an individual building.[27] It houses classrooms, faculty offices, additional computer labs for student use, along with the Athletic and Recreation Complex (ARC), Cafeteria, and Baruch Bookstore.[28] The Administration Building, located on East 22nd Street, is home to the School of Public Affairs and several administrative offices.


Baruch College's largest lecture hall (NVC 5–150) which accommodates roughly 500 students. It occupies two floors (4th & 5th) of the Vertical Campus building. Lecture halls at Baruch College are usually used for introductory courses. This is a modern lecture hall; microphones and large projection screens are used to help students.

Academic Centers

Partnerships

Zicklin-JP Morgan Chase Partnership 
Zicklin School of Business and JP Morgan Chase have established a corporate-university partnership.[47]
CFA Program Partner 
Baruch is one of the 34 CFA Program Partners in United States. This allows Baruch students to gain access to CFA Institute's exclusive textbooks, journals, and sample papers, and to pay a discounted CFA Exam Fee[48]
Baruch College Campus High School 
Baruch College Campus High School is a New York City public high school affiliated to the college
Baruch College's Zicklin Business School and AGS 
American Graduate School in Paris is a graduate school in Paris, France. Its Executive Master of Science in Finance and the Executive Master of Science in Marketing at the American Graduate School of Business and Economics are affiliated program with Baruch .[49]

Student life

101 Ludlow

101 Ludlow Street is a high-rise building in Manhattan. Instead of the student body being primarily from one school, Ludlow houses students from three colleges: Baruch College, King's College, and originally the School of Visual Arts. Baruch students occupy 6 floors of the residency building.[50]

1760 Third Avenue

Baruch students have the option to dorm at 1760 Third Avenue, a 17 - story high rise building with double, single with a kitchen, double as a single[51] and triple dorm rooms conveniently located 2 blocks from the 96th Street 6 Train subway station and close to Central Park and NYC's famed Museum Mile.[51] 1760 also houses students from 2 other CUNY schools - LIM College (formerly known as the Laboratory Institute of Merchandising)and Marymount Manhattan College.

Student body diversity

Baruch had been ranked #1 for seven consecutive years as the 'Most Ethnically Diverse College' in United States by US News.[52] As of 2014, according to [53]

According to BaruchConnect.com, around 12 percent students identify as black, 15 percent as Latino, 35 percent as Asian and 38 percent as white.[54]

According to BaruchConnect.com, around 12 percent students identify as black, 15 percent as Latino, 35 percent as Asian and 38 percent as white.[55]

Student organizations

The Ticker[56] has been the student newspaper since 1932. The school is home to several diverse business organizations, including large chapters of such national and international organizations such as ALPFA (The Association of Latino Professionals in Finance & Accounting), AIESEC, Toastmasters, Alpha Kappa Psi, American Humanics, and Golden Key).[57]

Student center

In December 2011, undergraduate students passed a referendum to raise student activity fees for the purpose of acquiring a dedicated student center building.[58] The fee has been collected since the Fall 2011 semester, and current plans call for the purchase of the new student center within five years.

Athletics

Baruch College teams participate as a member of the National Collegiate Athletic Association's Division III. The Bearcats are a member of the City University of New York Athletic Conference (CUNYAC). Men's sports include baseball, basketball, cross country, soccer, swimming & diving, tennis and volleyball; while women's sports include basketball, cross country, dance team, softball, swimming & diving, tennis and volleyball.

The men’s volleyball team has finished the 2013 season as the #3-ranked team in the American Volleyball Coaches Association (A.V.C.A.) Top 15 Div. III Coaches Poll. The #3-ranking is the highest national ranking ever attained by the men’s volleyball team. The Bearcats have been ranked every week since the end of the 2009 season.

For the fourth straight summer, the Nike Pro City Basketball League hosted their eight team league at Baruch College's ARC Arena on Tuesday and Thursday nights (except July 4).The summer basketball league features various current and former NBA players, along with former NCAA and European professionals competing in front of large crowds.

Admissions

Undergraduate

Baruch's Undergraduate Admissions is considered to be "Very Selective" by College Board.[59] In the Fall of 2013, over 19,400 students applied for admissions and only 5,000 were admitted with an acceptance rate of 27%. Baruch follows a holistic admissions process by considering teacher recommendations, application essay, and extra curricular activities, in addition to standardized test scores and GPA. According to 2013 statistics, the average GPA for incoming freshmen was between an 86-92, with Macaulay Honors Students at a 92-95 range. The average SAT score was 1130-1330 (Critical Reading and Math).

Master in Financial Engineering (MFE)

The acceptance rate for Fall 2011 admission was 6%. The number of applicants to the MFE program for Fall 2011 admission increased by 18%. Moreover, the average GRE Quantitative score of all the applicants increased from 781 to 794, an all-time high.[60] The MFE Program was ranked #5, surpassing Columbia, Cornell, and UC Berkeley, Stanford, MIT, UCLA and University of Michigan in 2011 Quant Network Ranking.[61]

Semester Applicants Admitted Adm. Rate
Fall 2012 640 37 6%
Fall 2011 672 43 6%
Fall 2010 467 35 7%
Fall 2009 353 29 8%
Fall 2008 514 57 11%
Fall 2007 337 48 14%
Fall 2006 184 42 23%
Fall 2005 129 36 28%
Fall 2004 132 48 36%

Zicklin School of Business

The Zicklin School of Business (commonly known as Zicklin) is Baruch College's business school. It was established in 1919 and is one of the oldest business schools in the world. The Zicklin School of Business is consistently ranked as one of the best business schools in the country.

Admitted Applicant Averages are as follows:

Full-Time MBA: 
GMAT Average 635 (GMAT 80% Range 560-710); GPA Average 3.3; Years Work Exp: 5.6
Part-Time MBA (Flexible Format): 
GMAT Average 590 (GMAT 80% Range 510-690); GPA Average 3.2; Years Work Exp 4.8
MS Degree Programs: 
GMAT Average 613 (GMAT 80% 540-700); GPA Average 3.4; Years Work Exp 4

Rankings

Notable people

Alumni

Before 1968, alumni were officially alumni of the City College of New York.

The number of Baruch College's Living Alumni is 107,277 as of 2007–08. It is represented by alumni in all 50 US states and 85 countries abroad.[69]

Faculty

  • Joel Brind, Professor of biology. Scientific advocate of the abortion – breast cancer hypothesis.
  • David Birdsell, Dean of School of Public Affairs. Leading expert on political debates.
  • Mario Cuomo, Former 3-term Governor of New York State. Taught a public affairs seminar in the fall of 2008.[76]
  • Vera Haller, Professor of Journalism, former Editor in Chief of AM New York.[77]
  • Sanders Korenman, Senior Economist for labor, welfare, and education for President Clinton’s Council of Economic Advisers. Faculty in the School of Public Affairs since 1996.[78]
  • John Liu, Former New York City Comptroller, mayoral candidate, and member of the New York City Council. Teaches municipal finance and policy in the School of Public Affairs. [79]
  • Harry Markowitz, Professor of Finance, recipient of Nobel Prize in Economics (1990).
  • Donna Shalala, Secretary of Health and Human Services under the Clinton Administration. Taught politics at Baruch in the 1970s
  • Yoshihiro Tsurumi, professor of international business. scholar in multinational business strategy and national competitiveness

See also

References

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  2. "CUNY, Baruch College". http://www.forbes.com''.
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  4. "Children's Court" at Gramercy Neighborhood Associates
  5. "Domestic Relations Court" at Gramercy Neighborhood Associates
  6. "CUNY - Baruch College". http://colleges.usnews.rankingsandreviews.com''.
  7. The New Commerce Building of the College of the City of New York The Journal of Business Education, Vol 2, No. 6, (September 1929).
  8. Saxon, Wolfgang. "Joel Edwin Segall, Economist and President of Baruch College, Dies at 80" The New York Times, October 15, 2003.
  9. Siegel, Aaron. "Baruch President Ned Regan to Step Down in Fall 2005" The Ticker, February 2, 2004.
  10. "Kathleen Waldron, Baruch's New President, Announces Historic Gifts of $53.5 Million".
  11. "Baruch Means Business Capital Campaign".
  12. "Baruch College President Resigns; Dr. Stan Altman Named Interim President" CUNY Newswire, August 18, 2009.
  13. "Maxwell School Dean Mitchel B. Wallerstein Appointed President of Baruch College" CUNY Newswire, March 1, 2010.
  14. 14.0 14.1 Speri, Alice; Phillips, Anna M. (November 21, 2011). "CUNY Students Clash With Police in Manhattan". The New York Times.
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  22. Bruce Grilikhes 1972-1977 BBA 1977
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  27. Vertical Campus History
  28. "Baruch College: The Newman Vertical Campus" College Brochure, Fall 2001
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  47. http://ticker.baruchconnect.com/article/baruchs-diversity-facade/. As of 1014, according to BestColleges.com, Baruch comes in as 10th most diverse college in the United States<REV>http://www.bestcolleges.com/features/most-diverse-colleges/
  48. Dean of Zicklin gets down to business
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  57. http://zicklin.baruch.cuny.edu/about/news/baruch-college-ranked-among-top-25-for-entrepreneurship-by-princeton-review-and-entrepreneur-magazine-1
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External links

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