State of Business magazine, spring 2009
  vol. XX no. 3
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SPRING 2009 CONTENTS
Dean's Letter
At His Best
The New Frontier
Managing New Risks
It's a Jumble
Focused on Business
Tough Decisions
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DEPARTMENTS
The Pulse
In the News
Faces
First Person
Rajeev Reports
The Last Word
State of Business Information

The New Frontier
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Today the department offers an MBA with joint degree options in risk management and insurance and finance, a dual MS degree that integrates mathematical finance and actuarial science, and an undergraduate risk management degree that focuses on critical thinking about risk. The undergraduate program is ranked as the fourth best in the country in the 2009 U.S. News and World Report survey of America’s best colleges, marking the 13th consecutive year it has achieved a ranking in the Top Ten.

And its goals are even larger. “Our intention is to be nationally influential in the risk management profession in supplying students to the workforce and being a model training program,” says Phillips.

Given the state of global affairs, well-rounded risk managers are needed more than ever...In its most recent endeavor, the department also has launched a virtual research center that will be made up of an international network of more than 100 economists and other researchers to create a synergy around important risk management topics. The Center for Economic Analysis of Risk (CEAR) is a collaboration with the Atlanta Federal Reserve Bank and will have a physical location at Georgia State with 25 researchers on-site. CEAR’s worldwide network will encompass an additional 75 people, who will make up a community of scholars who touch base weekly on a variety of topics, such as decision-making in times of uncertainty. A scientific advisory committee of well known economists will help choose topics to be examined at individual, corporate, and societal levels and review the center’s progress.

Given the state of global affairs, well-rounded risk managers are needed more than ever, says Phillips. “This is a hot career area, and with our integrated approach – not just numbers but also broad decision making – our students will be able to differentiate themselves in a competitive market.”


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