Bernard M. Baruch College, known more commonly as Baruch College is a public university and one of the constituent colleges comprising the City University of New York (CUNY). The college is situated on Lexington Avenue near the Flatiron/Gramercy Park district of Manhattan, New York City. Baruch is one of CUNY's flagship and 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 school has one of the most diverse student bodies in the United States. Its students hail from more than 160 countries. Baruch is particularly noted for its Zicklin School of Business (the largest collegiate school of business in the United States) and named after financier Larry Zicklin and his wife. Although the school is most known for its business programs, the Weissman School of Arts and Sciences, named after former Philip Morris president, George Weissman is also part of Baruch, as well as the School of Public Affairs.
Founding and history
The original 23rd Street Building, still in use.
The New York State Literature Fund was created in order to support students who could not afford to enroll in New York City’s private colleges, chief among them New York University, known at the time as the University of the City of New York and Columbia University. The Literature 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. The Committee sought 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. In 1919, what would become Baruch College was established as City College School of Business and Civic Administration. 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. On its opening, it was considered the biggest such school for the teaching of business education in the United States.[1]
By the 1930s, women were allowed admission to the School of Business. The total enrollment at The City College of New York 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 of these students were Jewish and Italian immigrants, who could not afford or would not be admitted to 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 drastically and for a time, there was an idea to relocate the college to Harlem in search for more space. 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 named 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.[2] Current CUNY Chancellor, Matthew Goldstein was president of the school from 1991 to 1998. 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.[3] 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. This includes $25 million from William and Anita Newman, $10 million from Lawrence and Eris Field, and $2.5 million from Martin Antonowsky. As of a result of these gifts, the Vertical Campus, 23rd Street building, and Performing Arts complex were renamed in each of their honors, respectively.[4] Alumni giving has increased under "Baruch Means Business", a $150 million capital campaign.[5] In August 2009, Dr. 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 by Chancellor Goldstein.[6]
Presidents of Baruch College
Bernard Baruch
Bernard Mannes Baruch was an American Jewish financier, statesman, and presidential advisor to four U.S. Presidents. Bernard Baruch made his fortune in the stock market in his 30s but incidentally changed his course when he made his first million.
He stated, "I could not forget my father’s look the day I proudly informed him I was worth a million dollars. The kindly, quizzical expression told me, more clearly than words, that in his opinion, money making was a secondary matter… Of what use to a man are millions of dollars unless he does something worthwhile with them”
After his success in business, he devoted his time toward advising Democratic presidents Woodrow Wilson and Franklin D. Roosevelt on economic matters. He is well known for having coined the term "Cold War" in 1947 to describe relations between the United States and the Soviet Union from the mid-1940s to the early 1990s.
Famous Quotes from Bernard Baruch
“During my eighty-seven years, I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.”
Current campus
The William and Anita Newman Library, located across from the Vertical Campus. Features Wi-Fi access, "studypods", and multiple floors with designated study areas.
Throughout its history, Baruch has utilized the landmarked Free Academy building (17 Lexington Avenue), which is still in use by the college today. The building is now named the Lawrence and Eris Field Building and is often referred to as the “23rd Street Building,” because of its location on East 23rd Street and Lexington Avenue. In 1998, after decades of renting space for classrooms, Baruch 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).[7] East 25th Street between Lexington and Third Avenues was renamed “Bernard Baruch Way,” and the college now uses the Vertical Campus (One Bernard Baruch Way) as its official address.
In 2004, a proposal was made to integrate the Vertical Campus with the 23rd Street Building. Extensive renovations are planned for 17 Lexington Avenue, to begin in 2009.[8]
The Information and Technology Building, opened in 1994, is located across East 25th Street from Newman Vertical Campus.[9] It is home to the Newman Library, featuring multiple floors with Wi-Fi access and designated "study-pod" areas. A 320 seat computer lab, known as the Baruch Computing and Technology Center (BCTC) can be found on the sixth floor. The building also contains the offices of the Registrar, Undergraduate Admissions, and Financial Aid.
The Newman Vertical Campus houses classrooms, faculty offices, additional computer labs for student use, along with the Athletic and Recreation Complex (ARC), Cafeteria, and Baruch Bookstore.[10] The Administration Building, located on East 22nd Street, is home to the School of Public Affairs and several administrative offices. However, the Office of the President is located on the fourth floor of the Vertical Campus.
In order to enter any of the three buildings (the William and Anita Newman Library, the Vertical Campus, or the 23rd Street Building), a person must swipe their CUNYCard or Baruch ID at a magnetic card reader to gain entry into the respective building. This allows for secure entry into the buildings and prevents unauthorized access to any of the Baruch facilities.
Although the campus of Baruch College may not be as vast as others, there are numerous restaurants, diners, sports clubs, and other facilities surrounding the Baruch College Campus. Students usually flock to various restaurants and stores when they are in the midst of their class-breaks. The Baruch College Campus is also located near multiple train stations including the 6, R, and W trains, which allows for easy transportation into and out of the campus.
In 2009, the East 25th Street entrance of the William and Anita Newman Vertical Campus served as the entrance façade of the hospital at which Nurse Jackie and her colleagues worked in the Showtime drama Nurse Jackie.[11]
A lecture hall in the 5th floor of the Vertical Campus building. Lecture halls at Baruch College are usually used for introductory courses and can seat approximately 500 students. This is a modern lecture hall; microphones and large projection screens are used to help students.
International Study Centers
In 2001, Baruch began a global initiative to offer its Executive Master degrees internationally. Since inception, over 800 students have successfully graduated from these programs. Each received a Master of Science from the City University of New York and a certificate from the Zicklin School of Business at Baruch, the same exact diplomas US students receive upon graduation from these programs taught in the US.
Student body diversity
Baruch is ranked #1 overall for minorities, #4 for Hispanics and Asian-Americans, and #99 for African-Americans as a producer of graduates in business and its related fields.[citation needed] In 2005, the magazine Hispanic Outlook in Higher Education reported that Baruch College ranked 53rd in a list of the top 100 colleges offering undergraduate degrees to Hispanics.
Baruch has a large Asian student population, including many new immigrants. It has one of the highest percentages of matriculated Asian students in the nation. Baruch reportedly also has more Asian American graduates working in Wall Street than any other college or university in the nation, including the likes of prestigious universities such as New York University and University of Pennsylvania.[citation needed]
Student organizations
There are 132 undergraduate and 18 graduate student run clubs/organizations at Baruch College. The Ticker has been the student newspaper since 1932.
Rankings
- The undergraduate business programs were ranked 33rd nationally, the second most highly regarded in the NY/NJ metropolitan area, and also among the top 30 of public institutions (U.S. News & World Report, "America's Top Colleges 2009").
- In October 2009, Baruch's MS program in Financial Engineering was ranked among the top ten in North America by QuantNetwork[13]
- For nine years, Baruch has topped the list of the most ethnically diverse institutions of higher education in the United States (U.S. News & World Report, "America's Top Colleges 2008")
- Baruch is among the top 10% of U.S. colleges according to The Princeton Review, which selected the College for inclusion in "The Best 368 Colleges: 2009 Edition." They also labeled the college as one of the nation's best value undergraduate institutions in 2008. Finally, The Princeton Review included Baruch in the 2009 "Best Graduate Schools" and "Best Business Schools" listings.[14]
- Baruch's Part-Time MBA is ranked 17th in the nation by U.S. News & World Report ("America's Best Graduate Schools 2007"), making it second in New York City. The Full-Time MBA was ranked in the top three of New York programs. Both were the only ranked public programs in New York State.
- The 2006 edition of the Wall Street Journal/Harris Interactive Business School Survey ranked Baruch 50th among the nation's top 50 regional undergraduate business colleges.
- A joint survey by Entrepreneur magazine and The Princeton Review ranked Baruch 18th out of the top 25 undergraduate entrepreneurial colleges in the nation in 2006.
- Baruch's MBA program ranks among the Aspen Institute's Global 100 list of colleges and universities included in its Center for Business Education's Beyond Grey Pinstripes 2007 MBA survey, a biennial survey and alternative ranking of business schools that are driving discussions of social and environmental issues into the core curriculum and addressing these topics in terms of mainstream business decision-making.
- In the 24th Annual Survey of Accounting Professors in the U.S., conducted by the Public Accounting Report (2005), Baruch's undergraduate accounting program ranked 15th; Baruch's graduate accounting program was 22nd.
- Public Accounting Report's Annual Survey of accounting professors ranked Baruch's undergraduate and graduate accounting programs among the best in the country in its 2008 rankings, at 20th and 22nd respectively. Additionally, Baruch's doctoral program in accounting was listed in the "honorable mention" category.
- Baruch's School of Public Affairs is ranked in the top 20 percent in the nation for its Master of Public Administration program by U.S. News & World Report (2006).
- Baruch was tied for 2nd place with Harvard for the "number of graduates in 100 most influential people in accounting worldwide." (1999) and ranked first nationwide for people with advanced degrees who pass the CPA exam. (1999)
Alumni Association
The Baruch College Alumni Association (BCAA) was founded in 1968 as a nonprofit 501(c)(3) organization that supports the goals of the students, faculty and alumni of Baruch College and its three schools.
The Baruch College Alumni Association has a distinguished history in serving the Baruch community through alumni giving. In 2007 the Board of Directors announced a pledge of $100,000 to support Baruch College’s Class Act campaign. A matching gift from the The Starr Foundation provided an additional $100,000 in contributions. The Class Act campaign is designed to help provide access and opportunity to 15,700 Baruch College students. Gifts go directly to support scholarships, student career services, student activities and programs, The William and Anita Newman Library at Baruch and faculty research.
Notable alumni
- Arthur Ainsberg ('68, MBA ‘72) - Director of Independent Research, Morgan Stanley
- William F. Aldinger III ('69) - Chairman and CEO of HSBC North America Holdings
- Marvin Antonowsky (B.B.A. '49, MBA '52) - Media executive
- Abraham Beame ('28) - Mayor of New York City
- Matt Blank (MBA '76)- Showtime network chairman and CEO
- Jon Bond (MBA '80)- Co-Chairman Kirshenbaum Bond and Partners
- Abraham Briloff (’37, MS, ’41) - Professor of Accounting
- Michael Conway- Co-Founder of American West Airlines
- Michelle J. Depass (MPA '99)- Assistant Administrator for International Affairs, Environmental Protection Agency
- Irwin Engelman ('55) - Director of New Plan Excel Realty Trust, Inc. Director at various other companies
- Fernando Ferrer - New York City mayoral candidate in 2001 and 2005
- Lawrence N. Field ('52) - Founder and principal of NSB Associates
- Sidney Harman ('39) - Founder and executive chairman of Harman Kardon
- Stephen J. Jerome (MSE '01)- President, Monroe College
- Nick Kamenoff - Senior Analyst at Barclays Capital, Lehman Brothers, Salomon Smith Barney
- Marcia A. Karrow (born 1959), member of New Jersey General Assembly
- Burton Kossoff ('46) - Pioneer in packaging, founder of Burton Packaging Company
- James Lam ('83) - Author and President of James Lam & Associates. Former C.R.O for Fidelity Investments and FGIC Capital Markets Services Division of General Electric
- Ralph Lauren - Chairman and CEO of Polo Ralph Lauren (dropped out)
- Frederic Le Gall - Head of Tax Technology Switzerland, KPMG LLP
- Dennis Levine - a prominent player in the Wall Street insider trading scandals of the mid-1980s
- Dolly Lenz - New York City real estate agent
- Luz D. Liebeskind ('85, MS '08)- Former Deputy Controller at the Metropolitan Museum of Art; CFO, the Hebrew Home at Riverdale
- Jennifer Lopez - actress, singer, dancer (dropped out)
- William Newman ('47) - Founder and chairman of New Plan Excel Realty Trust, Inc
- Nora McAniff - Co-chief operating officer of Time Inc
- Bert Mitchell - Chairman and CEO of Mitchell & Titus, LLP
- Larry Quinlan - Chief Information Officer, Deloitte & Touche USA LLP
- Carlos D. Ramirez (1946-1999), publisher of El Diario La Prensa.[15]
- Stan Ross Vice-Chairman of Ernst and Young
- Michael I. Roth ('67) - Chairman & CEO, The Interpublic Group of Companies, Inc
- Michael L. Royce - Executive Director, New York Foundation for the Arts
- JoAnn F. Ryan ('79, MS '83) - President & CEO, ConEdison Solutions
- Dr. Jonas Salk- Inventor of the polio vaccine and one of TIME magazine’s 100 Most Important People of the Century
- Po Sit ('85) - Partner at Davis Polk & Wardwell
- Craig A. Stanley (born 1955), member of New Jersey General Assembly from 1996 to 2008.
- David Tendler (BBA '59) -Former president of Philipp Brothers and co-chairman and CEO of Phibro-Salomon (now part of Citigroup)
- George Weissman (BBA '39 ) - Former chairman and CEO of Philip Morris Companies and chairman of Lincoln Center for the Performing Arts
- Lawrence Zicklin (1957) - Managing principal and chairman of Neuberger Berman (Now part of Lehman Brothers)
Famous and distinguished faculty
See also
References
- ^ The New Commerce Building of the College of the City of New York The Journal of Business Education, Vol 2, No. 6, (September 1929).
- ^ Saxon, Wolfgang. "Joel Edwin Segall, Economist and President of Baruch College, Dies at 80" The New York Times, October 15, 2003.
- ^ Siegel, Aaron. "Baruch President Ned Regan to Step Down in Fall 2005" The Ticker, February 2, 2004.
- ^ "Kathleen Waldron, Baruch's New President, Announces Historic Gifts of $53.5 Million"
- ^ Baruch Means Business Capital Campaign
- ^ "Baruch College President Resigns; Dr. Stan Altman Named Interim President" CUNY Newswire, August 18, 2009.
- ^ Arenson, Karen W. "Baruch College Opens a Huge 'Vertical Campus'" The New York Times, August 28, 2001.
- ^ "Baruch College Five Year Capital Request, FY 2008-09 through FY 2012-13"
- ^ "The New Campus Library and Technology Center" College Brochure, June 1994.
- ^ "Baruch College: The Newman Vertical Campus" College Brochure, Fall 2001
- ^ http://www.imdb.com/title/tt1190689/trivia
- ^ "U.S. News & World Report" America's Top Colleges 2010
- ^ Financial Engineering Program Rankings
- ^ The Princeton Review, 2009 Best Value Colleges
- ^ Ravo, Nick. "Carlos D. Ramirez, 52, Publisher of El Diario", The New York Times, July 13, 1999. Accessed October 9, 2009.
External links
Coordinates: 40°44′25″N 73°59′00″W / 40.740159°N 73.98338°W / 40.740159; -73.98338
