The Department of Finance undergraduate program was ranked fifth in the nation by U.S. News & World Report as reported in the September 1995 issue.
| A new department chair was selected during the fall of 1995. Morgan Lynge, professor of finance, accepted the post after five years as associate dean for undergraduate affairs. He succeeds Chuck Linke, who resigned the chair to devote his full energies to the position of associate dean for graduate studies in the college. Lynge joined the faculty in 1974. In 1981 his excellence in undergraduate teaching was recognized when he won the college-wide Commerce Alumni Association teaching award. In 1996, his service to students was recognized when he won the college-wide Emerson Cammack Outstanding Service to Undergraduate Students Award. Lynge holds a bachelor's degree in history (1964) and an MBA (1965) from the University of Illinois and a doctorate (1975) from the University of Michigan. | |
In keeping with a college-wide focus on long-term strategic planning, the department has been developing its own blueprint for the future. A planning retreat took place in May, and a plan will be drafted during this academic year.
A 1996 graduate of the M.S. in International finance is already feeling nostalgic. He writes "I hope I can do something for the University in the future."
The M.S. in International Finance completed its first year in May and by all accounts the program is very successful. There were sixteen students enrolled last year, and approximately double that number (31) 1996-97. Participants come from all over the world to study global finance, a subject much in demand today. Like most international master's programs, the M.s. in International Finance is a one-year program, consisting of two semesters plus one summer of very intense coursework. Field trips are an integral part of the program.
According to Roger Cannaday, director of graduate studies for finance, the program is positively received by the participants. One student who graduated last year is already feeling nostalgic. In an e-mail to cannaday he wrote "When I think of the days I spent at the University of Illinois, . . . (they) represent one of the most important parts of my life. I hope I can do something for the university in the future."
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The Office for Real Estate Research (ORER), which oversees the concentration in real estate, received a three-year grant, for $60,000 from the Research and Educational Trust Fund of the Mortgage Bankers Association of America. The support provided by this grant will be used to enhance the real estate program at the college as well as to further ORER's efforts to build relationships between the academic community and the real estate finance industry. | ||
 Peter Colwell, director of ORER |
As usual, ORER held its annual Alumni Luncheon at the Chicago Yacht Club in april. the guest speaker was Grant G. McCullach, chairman and CEO of McClier corporations, an international consulting, architecture, engineering and construction organization competing in a variety of specific niche markets. He spoke on "International Real Estate Services in the Outgoing "90s." | |
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The Office for Banking Research received a generous gift in support of its activities from Conrad Hewitt (see article on page 48). Co-directors of the office are Charles Kahn, professor of finance, and George Pennacchi, associate professor of finance. |
| Charles Kahn and George Pennacchi, co-directors | ||