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Baruch College
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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. 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.
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Encyclopedia
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. 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 (ranked 25th in the country, and 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 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.
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. Current CUNY Chancellor, Matthew Goldstein was president of the school from 1991 to 1998. From 2000 to 2004 the college was under the leadership of the former Comptroller of New York Edward Regan. Its current president is Dr. Kathleen M. Waldron.
About Bernard Baruch
Bernard Mannes Baruch was a Jewish-American financier, statesman, and presidential advisor to 4 US Presidents. Bernard Baruch makes his fortune in the stock market in his 30s but an incident change his course when he made his first million.
He quote" 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
Throughout its history, Baruch used the landmarked Free Academy building, which is still in use by the college. 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, after businessman William Newman. Inaugurated on August 27, 2001, the 17-story building is now home to the Zicklin School of Business, the Weissman School of Arts and Sciences, and the School of Public Affairs (SPA). The street bordering the Vertical Campus is now called “Bernard Baruch Way,” and the college now uses the address of the Vertical Campus as its official address.
In 2004, a proposal was made to integrate the Vertical Campus with the 23rd Street Building and to refurbish this landmark building for modern classrooms.
The William and Anita Newman Library is located across the Newman Vertical Campus. The library features multiple floors with Wi-Fi access and designated "study-pod" areas. While the Newman Library building is also used for important offices such as the Office of the Registrar and the Undergraduate Admissions Office, the Newman Vertical Campus houses Computer Labs for student use on the sixth floor, along with the Main Gymnasium, Cafeteria, and Baruch Bookstore. The Administration Building, a short walk from the Vertical Campus or the Newman Library, houses other administrative offices, but not the Office of the President, which is housed 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 4, 5, and 6 trains, which allows for easy transportation into and out of the campus.
International Study Centres
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 has been recognized for its diversity, and its student body comes from more than 160 different countries. 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. 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.
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
- Baruch is included in the 2009 edition of The Princeton Review's annual "Best Graduate Schools" listing.
- 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.
- Baruch ranks among the top 40 universities in the Northeast that offer a full range of undergraduate and master's programs and is among the top 6 of those institutions that are public (U.S. News & World Report, "America's Top Colleges 2007").
- Baruch’s undergraduate business programs ranked 33rd nationally, the second most highly regarded in the NY/NJ metropolitan area. The undergraduate business program was also ranked among the top 30 of public institutions (U.S. News & World Report, "America's Top Colleges 2009").
- Baruch's Zicklin School of Business is included in the 2007 edition of The Princeton Review's annual "Best Business Schools" listing.
- The Zicklin School is the largest school of business in the United States. (2000)
- 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 is one of the nation’s best value undergraduate institutions according to the Princeton Review’s America’s Best Value Colleges (2007).
- For eight 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 2007").
- 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 College is among Top 10% of U.S. Colleges, According to The Princeton Review.
- Tied for 2nd place with Harvard for the "number of graduates in 100 most influential people in accounting worldwide." (1999)
- Ranked first nationwide for people with advanced degrees who pass the CPA exam. (1999)
- From 1994-2007, Baruch served as the headquarters of the Association for Business Communication
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 Zicklin School of Business (the largest and one of the most respected business schools in the nation); the Weissman School of Arts and Sciences; and the School of Public Affairs.
Founded in 1900, Baruch College sits on the former site of the Free Academy, which was established in 1847 and was the first institution of free public higher education in the United States. Originally the City College of New York School of Business and Civic Administration, it was renamed in honor of Bernard M. Baruch (August 19, 1870–June 20, 1965). Mr. Baruch was an American financier, stock market speculator, statesman, and presidential adviser. In 1968, Baruch College became an independent senior college of the City University of New York.
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 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.
Famous and distinguished alumni
- ('47) - Founder and chairman of
- Irwin Engelman ('55) - Director of New Plan Excel Realty Trust, Inc. Director at various other companies
- ('52) - Founder and principal of
- Eris Field (’52) - Wife of Lawrence N. Field
- Marvin Antonowsky (B.B.A. '49, MBA '52) - Media executive
- Lawrence Zicklin (1957) - Managing principal and chairman of Neuberger Berman (Now part of Lehman Brothers)
- Fernando Ferrer - New York City mayoral candidate in 2001 and 2005
- William F. Aldinger III ('69) - Chairman and CEO of HSBC North America Holdings
- Abraham Briloff (’37, MS, ’41) - Professor of Accounting
- Robin Byrd, host of public access program The Robin Byrd Show.
- Nora McAniff - Co-chief operating officer of Time Inc
- Nick Kamenoff - Senior Analyst at Barclays Capital, Lehman Brothers, Salomon Smith Barney
- Bill Mccreary - Broadcaster
- Michael L. Royce - Executive Director, New York Foundation for the Arts
- Arthur Ainsberg ('68, MBA ‘72) - Director of Independent Research, Morgan Stanley
- Larry Quinlan - Chief Information Officer, Deloitte & Touche USA LLP
- Bert Mitchell - Chairman and CEO of Mitchell & Titus, LLP
- JoAnn F. Ryan ('79, MS '83) - President & CEO, ConEdison Solutions
- Michael I. Roth ('67) - Chairman & CEO, The Interpublic Group of Companies, Inc
- Jaslyn Choo('07)- Chairman & CEO, Centre for Behavioral Science
- Po Sit ('85) - Partner at Davis Polk & Wardwell
- Craig A. Stanley - member of New Jersey General Assembly since 1996.
- Marcia A. Karrow - member of New Jersey General Assembly
- Dennis Levine - a prominent player in the Wall Street insider trading scandals of the mid-1980s
- Ralph Lauren - Chairman and CEO of Polo Ralph Lauren (dropped out)
- Dolly Lenz - New York City real estate agent
- Immortal Technique - hip-hop emcee
- Jennifer Lopez - actress, singer, dancer (dropped out)
- Tarkan - Turkish language singer
- Burton Kossoff ('46) - Pioneer in packaging, founder of Burton Packaging Company
- Sidney Harman ('39) - Founder and executive chairman of Harman Kardon
- James Lam ('83) - Author and first CRO (Chief Risk Officer)
- Abraham Beame ('28) - Mayor of New York City
Famous and distinguished faculty
- David Aronson - professor of finance and a leading practitioner and proponent of objective Technical Analysis. Author of "".
- Joel Brind - professor of biology and a leading scientific advocate of the abortion-breast cancer hypothesis.
- Abraham Korman - distinguished professor of Management, recognized for his contribution to theory of motivation and survey of antisemitism in the USA.
- Robert J. Myers - professor of communication and the Executive Director of the Association for Business Communication from 1994-2007.
- Yoshihiro Tsurumi - professor of international business, economist, internationally-recognized scholar in the fields of multinational business strategy and global competitiveness of a nation's economy
- Donna Shalala - Secretary of Health and Human Services under the Clinton Administration. Taught politics in the 1970s
- Ervand Abrahamian - The City University Distinguished Professor of History, and an expert on Middle Eastern affairs.
- Harry Markowitz - Professor of Finance, recipient of Nobel Prize in Economics (1990).
- Martin Zweig - Investor and father of the "9 to 1 Up to Down Volume Ratio".
See also
External links
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