2020 Reunion State of the School

Lauren Apicella: Hello everyone And greetings from the hilltop welcome to the McDonough School of Business 2020 virtual reunion kickoff Lauren Apicella: We’re very glad to have you with us Thank you for taking the time out of your day to connect virtually with your classmates and with the school Lauren Apicella: For those who don’t know me, I’m Lauren Apicella and I’ve been leading our alumni relations team at McDonough for this past year and a half Lauren Apicella: Despite everything that has gone on this year we have been able to engage with you guys Lauren Apicella: We’ve managed the transition to an online workspace and event space and I’ve seen an increase in both registrations and attendance for all of our virtual events Lauren Apicella: For those that have responded to post-event surveys and given us their feedback, excuse me feedback on everything they’ve seen from McDonough and everything they want to see Thank you And we appreciate it Lauren Apicella: This past summer, I do want to mention, that we started a large peer to peer MBA alumni data update project And we’ve had more than 1,600 updates since Lauren Apicella: I have to give a huge thanks to all the alumni who stepped up to assist in this effort and reach out to their classmates to update their information Lauren Apicella: We are working to expand it across all other programs including our other graduate degree programs and our undergraduate alumni population Lauren Apicella: If you haven’t updated your information, please fill out the form that I will post in the chat right after this And if you’re interested in volunteering to help lead this alumni data project from your class or if you haven’t received an email Lauren Apicella: From a classmate about this, please follow up with us We’re hoping to get 70% of all our classes updated in the next year Lauren Apicella: I will be facilitating today’s events Before we get started, I do want to share a few tips and reminders Lauren Apicella: The state of the school broadcast is being recorded, the recording of this webinar will be made available on our alumni events page as well as the Georgetown McDonough YouTube channel In the next few days Lauren Apicella: You will receive a link to this recording and a follow up email which will also contain a survey for you to take, information on upcoming events, and more ways to stay connected to Georgetown McDonough Lauren Apicella: Our panelists will take questions throughout the webinar, please send in your questions as you have them using the Q&A function at the bottom of the zoom screen Lauren Apicella: Finally, if you’re having any technical difficulties or other issues, please submit those concerns to me via the q&a function at the bottom of the screen Lauren Apicella: Before we get started, I owe a huge thank you to our reunion committee volunteers, they helped us Lauren Apicella: They helped us pivot from an in-person reunion weekend to a virtual reunion kickoff, which will lead into an even bigger and better reunion weekend next year Lauren Apicella: I also need to thank my teammate Ashleigh Shay, Alumni Relations program coordinator, for helping put everything together today We hope you enjoy this virtual celebration Lauren Apicella: Now, I’m pleased to introduce Dean Paul Almeida to start off our state of the school updates Thank you, Paul And Hoya Saxa Paul Almeida: Good afternoon, everyone Paul Almeida: Hope you’re doing well and Paul Almeida: I, you know, appreciate your being here, especially because we all are living in very, very difficult times and confusing times Paul Almeida: And it’s always reassuring for me to feel connected to you, our community So thank you for being here today and thank you as well to Lauren Apicella and Ashleigh Shay on our alumni team They’ve organized and they’re hosting this gathering and they put in a lot of work to make it successful Paul Almeida: And I’m grateful to a MBA alumni advisory council, MAAC, a board of advisors executive program advisory council, circle Paul Almeida: And Masters of Science and finance advisory council, our alumni ambassadors There’s so many alumni participating with us on a day to day basis, on a week to week basis Paul Almeida: Your service to Georgetown and to the McDonough School of Business makes such a difference So thank you for all you’re doing Paul Almeida: I’m pleased to share with you our annual state of the school update Since March, we’ve had two guiding principles, of course The first was Paul Almeida: To effectively adjust to teaching to our learning and working environment, especially given the very changing realities of our now virtual world, but second was to continue towards our long term strategic goals for the school Paul Almeida: So I don’t need to tell you we live in interesting times Like all of you We’ve been dealing with uncertainty and challenges Paul Almeida: Yet the resilience and sense of belonging, of our Georgetown community has been a strength through these times Paul Almeida: You our alumni have reached out in support of our students and made such a difference to everything we do and I hope you will continue to engage with us through the rest of the strange COVID period and beyond

Paul Almeida: Let me give you a quick summary of how we’ve been doing Paul Almeida: First, Fall student enrollments were a big question mark through the summer, but the care that our admissions team, our students and you alumni showed Paul Almeida: has made a huge difference And this has resulted in the largest graduate enrollment in our schools history We now have over 1,400 graduate students Paul Almeida: And our success is driven by strong growth into comparatively new programs, Masters of Science and finance program and our master’s in management program Paul Almeida: Only drop was a small one in our Executive Masters and leadership program Paul Almeida: primarily due to the postponement of our EML Qatar program So we look forward to when we can resume that once we can safely travel again Paul Almeida: Not only was it the largest but it was among the most diverse group of students to enroll in Georgetown McDonough graduate programs this fall Paul Almeida: Each of our programs has been focused on increasing representation among women, underrepresented minority groups, and our students Paul Almeida: And their work You’re seeing the results Additionally, even during a pandemic that has affected global mobility our international representation remains steady at a time when other top schools are seeing large drops in enrollment among students from abroad So we’re doing well Paul Almeida: We have plans underway to launch two new masters programs, a Masters of Science and Business analytics will launch in January Paul Almeida: As our second technology enhanced program, taking the lead, taking a leaf out of the book of our Masters of Science and finance Paul Almeida: In 16 months, the students will learn how to drive value based decisions by combining leading edge analytics and critical business skills Paul Almeida: We are also in the process of designing a Masters of Science in environment and sustainability management I know this is something you all care about and we’re doing this in partnership with the Graduate School and the Georgetown Paul Almeida: Environment initiative and this program will tap into the wealth of knowledge across Georgetown And I think it’s going to be a very, very special program and we hope to share an announcement with our alumni communities so Paul Almeida: We do not have yet to have final numbers of MSF and MiM programs, but we can see that full time MBA jobs and internships have been affected in a small but significant way by the economic crisis Paul Almeida: We suspect that the coming years may be challenging as well and we will look to you to help us overcome some of these challenges Paul Almeida: Because the good news is that our alumni have been a powerful force in helping us overcome some of the challenges associated with the job and internship market, this summer Paul Almeida: The Hoyas Helping Hoyas hire campaign very specifically addressed the last of jobs and internship opportunities Paul Almeida: When we reached out to alumni for help, you responded magnificently helping our students with advice and contacts and mentoring, as well as jobs and internships So thank you so much Paul Almeida: Additionally, our PILLARs program, which brings alumni to class virtually, of course, has been widely appreciated by our students Paul Almeida: As each of you know you learned a lot in our classrooms from our faculty and from your classmates Imagine how much richer experience could have been Paul Almeida: If we also brought in graduates from important places in industry, this real world experience and insights early on, could make a big difference to your lessons, but also to your career paths Paul Almeida: So we hope to continue to connect with all of you to bring you into our classrooms, to enrich our students learning, and build that community Paul Almeida: We have a goal of including an alumnus or parent in each of our courses, since the start of the pandemic We’ve had 72 participating speakers in this program Paul Almeida: And both alumni and students have found value in this experience We’ve also launched a new corporate relations function that creates new engagement opportunities Paul Almeida: For our students with future employers If you’re interested in learning more about either PILLARs program or a corporate relation

efforts If you’d like to help I encourage you to reach out to Lauren or to help colleague Sean McGilley Paul Almeida: I would also like to highlight that even amid the pandemic, fiscal year 2020 has been another good fundraising year for the school Paul Almeida: And it’s because all of you believe in your school and what we’re doing to take to school to the next level So thank you to all our alumni, especially our board of advisors, our MAAC members, and the other advisory groups that generously support us We are very grateful Paul Almeida: Now, throughout the pandemic Our vice dean Dennis Quinn has been working around the clock to ensure that our faculty are equipped to teach virtually Paul Almeida: And our students are engaged in learning while we had literally a few days notice, it was actually during spring break, to switch from fully in person to fully virtual in March Paul Almeida: Dennis and our online pedagogy team led by Professor that many of you will remember and love, Lee Pinkowitz, worked with the faculty to ensure classes for the fall were thoughtfully designed for the online environment Paul Almeida: The University’s Center for new designs and learning, CNDLS also did a great job They trained nearly 1900 faculty across Georgetown and our students show that they’ve benefited from this experience Paul Almeida: So as we deal with the present, we must also look ahead to the future, you know, I teach strategy and strategy is all about, of course, doing well in the present, but never forgetting that we’re heading towards the future Paul Almeida: And so we’re trying to act strategically so that when we look back a few years from now Paul Almeida: We won’t just say, oh, we survived COVID We can proudly say at the same time, we set the foundation for future success So today I’d like to highlight two strategic areas The first is racial justice Now, of course, racial justice has always been an important issue Paul Almeida: But the need for immediate and broad structural action has become quite obvious over the last few months Paul Almeida: Our school and really, the world has grown painfully aware of the persistent challenge to achieving true racial equality Paul Almeida: And the difficult but critical journey we must all take So at McDonough, we promise to do our best to move forward toward racial and gender and others with equality and harmony And we’ve taken several steps, we’ve held three very well attended town halls for faculty and staff Paul Almeida: Basically to listen and learn For many of us, this was the first time we’d ever discussed race and our professional environment Paul Almeida: Next we formed a standing committee to address DE&I issues We’re grateful to Patricia Grant, our Senior Associate Dean for the undergraduate program Paul Almeida: And Professor Michael O’Leary our new Senior Associate Dean for executive custom programs will be leading our racial justice efforts as Co-chairs of this committee Paul Almeida: Will also announce the formation of three task forces that will make long term and short term recommendations on how our school can move forward and we will look at faculty and staff We will look at issues with students and our involvement in the DC community Paul Almeida: So I can promise you that we will make progress on racial justice and we will keep you informed of the progress we make, because this is an important strategic and moral issue Paul Almeida: Now, I’ve been at Georgetown for more than 25 years and what motivated me to come here as a junior faculty member and much later on to serve as Dean, was very simple Paul Almeida: I’ve always believed that strong business training, combined with our Jesuit values are a powerful force for good in the world Paul Almeida: And guided by these values, I believe we must use business approaches, we must use the business mindset in our fight for racial justice in our school and beyond Paul Almeida: And to me the PIVOT program with its focus on job training for returning citizens exemplifies this approach I’m so proud of professors Pietro Rivoli and Alyssa Lovegrove Paul Almeida: And many others for launching this program, three years ago in partnership

with the Georgetown Prisons and Justice Initiative Paul Almeida: This fall, professors, George Comer and Bonnie Montano have launched the Georgetown Reach program Paul Almeida: That introduces rising underrepresented eighth grade students and their families from Washington DC, to the college selection process and to college life so that they can come to schools like Georgetown, well prepared and they know that they belong Paul Almeida: So while we’re pushing forward with these impactful programs We know we must do much more internally and externally And I know that together we will make progress on racial justice Paul Almeida: A second strategic focus includes three initiatives, we’re launching to help move us school into the future Paul Almeida: Our university has encouraged the schools to work together to help solve some of the big problems in the world Paul Almeida: In line with this approach we’ve identified three areas business and global affairs, the business of sustainability and technology analytics, and the future of work, a fourth initiative, the business of health will launch a little later Paul Almeida: Now, each area plays to our strengths, including our DC location, our Jesuit values and our broad expertise across Georgetown school And each will be important to our students and our future school success Paul Almeida: Initiatives will play three important roles They will support faculty and student research, they will contribute to student learning and engagement Paul Almeida: And they will connect our school to the real world So we can both influence the real world and learn from the real world Paul Almeida: And these initiatives are not meant to work in isolation They are meant to interact ritually with the programs, with our centers, with our departments, so that we can all grow Paul Almeida: Professor Brad Jensen is leading our efforts in the business and global affairs program, which is a very exciting program because this is the first ever Paul Almeida: Joined undergraduate program in the history of Georgetown and we’re doing it in collaboration with this School of Foreign Service Paul Almeida: We also continue our MBA certificate in non-market strategy and our executive MBA program recently updated its curriculum to deepen it’s learning in business and global affairs Paul Almeida: Professor Vishal Agarwal is leading our business of sustainability effort, which includes a new MBA certificate in sustainable business Paul Almeida: With a business for impact initiative and coordinated faculty research in this area across disciplines The school is also in the very early stages of looking at a master’s degree Paul Almeida: And finally, Professor Jason Schloetzer is leading our technology analytics on the future of work initiative focused really on dignity Paul Almeida: And not just on how technology is changing industry, but how can a good Jesuit with school help move this in the right way Paul Almeida: And we have a master’s program as we said, launching very soon in business analytics We also have a master’s in management and our MBA program is now STEM certified as well So we’re making great progress on fields of the future Paul Almeida: So we live in unprecedented times and our school and university like so many other organizations, that I’m sure you work in, are facing some significant challenges Paul Almeida: You know, many years ago, I studied American business history and one of the lessons I learned was that even the greatest institutions have been tested at one time or the other in significant ways Paul Almeida: But each of them, drawing on some special attributes and inner strength They made their way through these challenges and moved on to a brighter future Paul Almeida: At Georgetown McDonough, we’re lucky, we have so many positive attributes, we have capabilities, we have a strong reputation We have a deep commitment to our mission Paul Almeida: But most of all, we have a very special community of administrators, teachers, researchers, parents and especially alumni Paul Almeida: I’m proud of how we have already responded to the tests of the past few months, but even more I know the future Paul Almeida: Will continue to challenge us, but I’m convinced that together as one Georgetown McDonough community, you will do right by our students and we will move together successfully

into the future So thank you all Paul Almeida: My pleasure to invite an MBA Dean Prashant to share an update from our MBA program Prashant Malaviya: Thank you, Paul I’m going to try to share my screen, All right, here we go I think we are in business Thank you Prashant Malaviya: Excellent Prashant Malaviya: Good Good evening, everyone I really want to thank you all for joining us Prashant Malaviya: I can somebody confirm if my screen is visible Lauren Paul Almeida: Yes, yes, Prashant Prashant Malaviya: Okay, thank you Prashant Malaviya: So welcome back to the virtual hilltop Prashant Malaviya: Five years ago, I had started in my role as the dean of the MBA program And I remember going to my very first alumni reunion here at Georgetown Prashant Malaviya: And that was the first time I made friends with a number of you who are on this zoom call today So it’s wonderful to see you back Prashant Malaviya: And wonderful to have you engaged Again, I’m going to give you a quick update about the MBA program in terms of some of our successes, some of our initiatives, some of our ongoing challenges And then I’m going to come pretty straight and ask you for many things so Prashant Malaviya: In terms of where the MBA program is I think the best way to, to say that is that the world is starting to notice us And the world is starting to understand what we do and what we do well Prashant Malaviya: So let me point you to an article that was published in the Poets and Quants earlier this year in January Prashant Malaviya: And we were highlighted as one of the 10 business schools, the MBA programs to watch for in the year And the reason they said that the world should be on the lookout for us, is the following, that our students are here to learn business as a means to serve the common good Prashant Malaviya: And when I read that it was really heartening for me because it’s solidified and crystallized, in my mind, what is it that we should be doing and how should we be distinguishing ourselves from all other MBA programs, not just in the country, but across the world Prashant Malaviya: The article went on to say that what McDonough really does uniquely and what it’s philosophy is this notion of Cura Personalis Prashant Malaviya: It’s a Jesuit phrase I’m sure many of you are familiar with it, and it means care for the whole person And that’s what we try to do in our education, in our co-curricular activities, in our extracurricular activities, and that’s what makes our education unique and special in the world Prashant Malaviya: The, the article, then went on to say perhaps what is Prashant Malaviya: The most important thing for MBA graduates, which is, “What does it mean for our careers?” and it said that, here’s the quote, “McDonough boasts something that is impossible to fake.” Prashant Malaviya: I admired the use of the word fake in this context, but I like it in this context as well because what we apparently cannot fake is the fact that we have happy employers Prashant Malaviya: And to me, that shows that what we are trying to do in our program, in our education, in our community building, is something that is creating value for firms and creating value for society Prashant Malaviya: And to give you just two bits of evidence for that, business week that runs many surveys, one of the surveys, they run is with recruiters Prashant Malaviya: And last year, they ranked us number one in the world for having the best trained MBA students And when I shared this news with Paul Prashant Malaviya: His remark was “Congratulations Well done, but also be prepared that, you know, from here you’re only going to go down.” Prashant Malaviya: And that made me nervous but 2020 came along and Business Week published its rankings again And lo and behold, we were number one in the world again, but this time Prashant Malaviya: As the most innovative MBAs and the only reason we weren’t ranked as the best trained MBAs, as well, is because they simply removed that category from their rankings, probably because they were afraid we would get it again Prashant Malaviya: So now we can claim to be number one in the world as the best trained and MBAs and the most innovative MBAs and to me what this means is our graduates Prashant Malaviya: Are quants and poets, they are best trained They know the technical subject, but they are the most innovative and creative as well

And this balance of being a poet and a quant is really what we aim for in our education Prashant Malaviya: So how do we get there, you know what, let’s reflect for a minute and no better place to reflect on what is it that we do then outside of Dalgren’s chapel So I hope you remember this place and and really what we do is, as Paul mentioned Prashant Malaviya: Deliver a unique education that is built on three key pillars and these are our Jesuit heritage, our DC location as the global capital of the world Prashant Malaviya: And our Georgetown expertise from the School of Foreign Studies, School of Public Policy, the law school, the medical school, all of that connection that we have Prashant Malaviya: Allows us together to create an experience that is unlike any other And part of this Jesuit heritage and the Jesuit pedagogical philosophy is to also make sure that in the education We do three things in terms of how to teach rather than what to teach and how we teach is Prashant Malaviya: Making sure that obviously individuals learn the knowledge, but also provide real impactful relevant action opportunities, experiential learning opportunities, and then create space for true reflection and introspection Prashant Malaviya: And I think this is really where the magic of what a Jesuit education and what a McDonough education resides in this trifecta of learning the knowledge Prashant Malaviya: And taking action on that law knowledge and reflecting on what happened and how to do better the next time Prashant Malaviya: And this idea of how to do better is captured in the Jesuit notion of Magis, which is always striving for more And so we believe what we do at the end of the day Prashant Malaviya: Is, is create an atmosphere that allows individuals to nourish and become and I’m going to use a word that I have made up and the word is humbitious Prashant Malaviya: Which is a mixture of an individual who is humble and an individual who is ambitious, and this together being humble and ambitious, the humbitious MBA graduate is really what is making a difference in the world Prashant Malaviya: And so let’s look at, you know, of what is brewing and there’s a lot that is brewing and not just in the MBA program, but at MSB and Paul listed many of these things I won’t go through all of them Prashant Malaviya: We have many new programs, you know, Paul mentioned the STEM, which we are really proud of We have three certificates launching new electives all the time and Prashant Malaviya: Collaborating with various industry partners to create experiential learning opportunities for our students Prashant Malaviya: We have new initiatives across the school in terms of the PILLAR program, the pivot program, creating ignition retreats, new global and service treks, and Paul mentioned the fourth new initiative that he is launching an MSB Plus we’re looking at Prashant Malaviya: We, we are looking at, you know, a scholarship for gender equality for our military Prashant Malaviya: Students, smaller ships around fintech, but most importantly around diversity Prashant Malaviya: And you know, we are celebrating the 60th year of women in business in the McDonough school as well But I really want to highlight, you know, four or five of these a little more Prashant Malaviya: The first one I want to highlight is our STEM major and last year the class that graduated, more than 30% of the graduating class Prashant Malaviya: Was able to capitalize on this, we expect that in the next graduating class over 50% of the students will Prashant Malaviya: Capitalize on the STEM certification and really benefit in their ability to secure a strong job but also make strong contributions Prashant Malaviya: The second thing I want to highlight is, again something Paul mentioned earlier, the certificate and sustainable business this is becoming really critical for us in terms of Prashant Malaviya: carving out a niche for ourselves We can be the best MBA program for sustainable business in the world, in the world Prashant Malaviya: As of now, we produce more students, more graduates, who go into sustainable business and social impact as a percentage compared to the top 10 MBA programs in the US Prashant Malaviya: You know, more than 10% of our students are enrolled in the certificate and we expect this number to grow as the as the interest in some of our activities around this certificate Prashant Malaviya: indicate where 15% of our students got involved with one of these grants The third thing I want to highlight is the work we have been doing on diversity, equity,

and inclusion and with a particular focus on creating equity in the classroom Prashant Malaviya: While we have made improvements, you know, we have now 32% women in the class as opposed to 30% last year Prashant Malaviya: 44% of women in the flex MBA class, 19% underrepresented minority students these numbers while good, Prashant Malaviya: Have a long way to go You know, I would like us to be at 40-45% women in the MBA classroom, just like we have in the flex MBA classroom Prashant Malaviya: And I would like our underrepresented minority numbers to be at 25% of our population, not below 20% and really work hard on producing and creating opportunities for scholarships and fellowships that support these initiatives Prashant Malaviya: I should also highlight on the right hand side, you know, hopefully, we have Jenny Heflin on the call, who is celebrating her 10th reunion Prashant Malaviya: From the class of 2010 and Jenny was leading one of our most recent initiatives on DNI, by helping women thinking about their MBA experience from their particular lens Prashant Malaviya: Finally, I’m really excited and proud and I’m hopeful that many of you again on the call are participating in this program And so, for the very first time we are launching our MBA mentorship program, 215 of you have signed up for it And I’m hoping to grow this as well Prashant Malaviya: The last thing I want to highlight is again an activity that I’m sure many of you have participated in, and this is the executive challenge Prashant Malaviya: It’s a program that we conduct as part of our leadership communication required for class, where all first year students engage with about 130 alumni and over 75 faculty and staff Prashant Malaviya: To create a one day experience unlike any other, where the students and the alumni come together in something that is a mixture of a shark tank and case competition, but it creates so much energy Prashant Malaviya: In Hariri unlike any other day you would experience And this is one of the highlights that we have created of the program Unfortunately, COVID didn’t allow us to create this program in person This past Prashant Malaviya: Spring, but hopefully by next spring We will be ready to go back to this and invite many of you to be part of fact Prashant Malaviya: But we faced many challenges The MBA program is the most mature program in the business education arena Prashant Malaviya: It has lots of entrenched and strong competitors and the current crisis is laying bare Many of the issues and concerns that people have raised about the MBA Prashant Malaviya: What should be our delivery model? How do we navigate in the virtual hiring scenario? Prashant Malaviya: There are increasing questions being asked about test scores and should they be even included in the admission process And of course, all the trials and tribulations that international students are facing, in coming to a US education, let alone the Georgetown education Prashant Malaviya: On a more permanent basis We have to be highly competitive, we have to make sure that we keep up with all of our peers Prashant Malaviya: And I really have, you know, a five fold strategy to addressing competitiveness as captured in this acronym Prashant Malaviya: Where very quickly S stands for scholarships We need lots more of them M stands for mentorship I’m really happy that we started that program Prashant Malaviya: A stands for advocacy and the MBA alumni Advisory Council, the Board of Advisors has been the best advocate for the program And I’m eternally grateful for them for that Prashant Malaviya: R stands for recruiting and really building strong relationships with our corporate partners Prashant Malaviya: That Hoyas get hired and if we are to believe that we are the best trained and the most innovative MBAs, hopefully that number will improve with time Prashant Malaviya: And T is really about talent and attracting the best talent to the MBA program Prashant Malaviya: But where I really want to spend the next year and maybe the next three years is solidifying and strengthening our uniqueness Our cura personalis education and everything that it requires for us to deliver on that Prashant Malaviya: But ultimately, we also need to make sure we create a cultural climate that is inclusive That is diverse and that creates equity across all populations Prashant Malaviya: So with that, Prashant Malaviya: I just, I’m going to share some highlights of some metrics and I’ve used the years, simply because the last class that graduated in 2015 and comparing that to this year Prashant Malaviya: The overall message here is that we have done very well on many fronts, but there are also areas of weakness that we need to continue to work on Prashant Malaviya: Diversity is one of them, alumni participation is another, and continuing to work on the scholarship and the jobs front of the other areas

Prashant Malaviya: So with that, let me say, you know, here’s what I want you to do So if you are eager to join us on our journey into the future Prashant Malaviya: Please do this for us And I’m going to lay out 10 things participate in alumni annual giving our rate of annual giving is around 10% now we wanted to be around 25% Prashant Malaviya: Help create new scholarships without the scholarships It is very difficult for us to attract the most talented individuals Prashant Malaviya: Become a member of my MAAC board and become an advocate for the program Recruit Hoyas wherever and in any way you are able to Whether it is for internships or for jobs and join the new MBA mentor program Prashant Malaviya: In addition, become a member of, become a judge on the executive challenge, come and teach our classes as Paul mentioned, we want every class to have an alum partnering with a professor Prashant Malaviya: Provide experiential projects for us, attend our alumni events So thank you all for attending this event today Prashant Malaviya: Wonderful, please ask your peers to do that as well And finally, and a little bit hilariously please update your contact information, because what we discovered as Prashant Malaviya: Lauren mentioned at the top of the program, one of our biggest challenges is making sure we have updated information from you And so please reach out proactively and make sure you do that Prashant Malaviya: At this point, I’m going to ask you to take out your cameras, take a screenshot of this slide Prashant Malaviya: And keep it for yourself and also share it with all of your peers Here is how you can help me And here’s how you can help your program and your alma mater With that, thank you very much I’m open to any questions Otherwise, I will hand over to my colleague Bardia Komrad Bardia Kamrad: Thank you Prashant I really appreciate both yours and Paul’s engaging presentations, very informative Lauren Apicella: Before we get started We have one question If we can answer it Lauren Apicella: This questions for Paul Paul Almeida: Okay, okay, Bardia, I apologize I’ll be quick Paul Almeida: The question was, with all the emerging trends and terrific expansion of programmes taking place Are there any areas that MSB is considering de-emphasizing or phasing out Paul Almeida: So very simply, we let the market decide my responsibility in a dynamic changing market Paul Almeida: Is to experiment, to explore, to see where the markets are going so inevitably some programs will become relatively or absolutely less Paul Almeida: Important because the market has decided that and some will grow So even though I started the global executive MBA myself, it was my baby I loved it dearly Paul Almeida: I closed it down after 10 years because the market, you know, found it was okay It was making money It was well-ranked Paul Almeida: But it wasn’t as important to our school and the growth of our students as some of the other programs Paul Almeida: The second point I want to make, a lot of these initiatives like sustainability and business and global affairs, not substitute for existing things Paul Almeida: But they complement them and they help them So if you think of our business for Sustainability Initiative It helps make the MBA program stronger Paul Almeida: Because now we have a certificate in that We will bring in more faculty expertise, we will have more corporate partners around the areas of sustainability Paul Almeida: Center, even including the real estate center will invest much more in ESG So in many ways these new activities will help build the existing programs, the existing centers Paul Almeida: The existing areas in a way that matches with the future So yes, there will be kind of a change of the mix, but more than that I think we’re going to enrich who we are together Lauren Apicella: Thank you so much, Paul And Bardia I’m going to set up your slides Bardia Kamrad: Thank you Thank you, Paul Bardia Kamrad: If I may, I will reflect on this issue that you just Bardia Kamrad: shared with us a little bit later And when I get into these slides here Bardia Kamrad: Hello, folks It’s a pleasure and a privilege to have this moment with you I wish we could kind of Bardia Kamrad: Be together a little bit more in person, but Bardia Kamrad: Be as it may Here we are And that has to be good enough for the moment Bardia Kamrad: For many of you, next slide please, if I could share and we’re going to Bardia Kamrad: Look at the different components of what executive degree program portfolio is about, many of our executive MBAs here today, and many of the MBA alums, who I had

Bardia Kamrad: The pleasure of spending time with, generally looked at the executive degree programs in light of being one single item, namely back then, either an international executive MBA or just executive MBA program Bardia Kamrad: The playing field has changed quite a bit in that regard And now we have a portfolio of six different masters programs, some very closely related Nonetheless, I would like to share this with you Executive Masters of business, we are in our Bardia Kamrad: 27th class right now, there are two cohorts 26 and 27 collectively about 110 students Bardia Kamrad: That we have in our executive MBA program and Next please Bardia Kamrad: We have Executive Masters in leadership 16 and this is a program in its 16th year and then the dashes, followed by a number reflect the years that the program has been in, and these are the most two mature programs that we have following up Next, please Bardia Kamrad: An offshoot of the EML program is a philanthropically driven program, DC Public Schools leadership is a customized EML program for public charter school principals in the DC area Bardia Kamrad: This program has somewhere between 20 to 25 students per year Next, please Bardia Kamrad: In fact, you can share the rest with us, if you don’t mind, and we have a new program This is referred to as masters of Master of Arts and Bardia Kamrad: International Business and policy It’s a four year, fourth cohort in place right now It’s a partnership program with the Walsh School of Foreign Service Bardia Kamrad: And McDonough It’s a very well received program and it recruits very, very well And it’s at the nexus of international business and policy and government and it’s a joint curriculum with SFS Bardia Kamrad: Another offshoot but customized partnership program we have is with Qatar leadership center Bardia Kamrad: And the program is delivered live in Qatar Right now we are not delivering there’s a delay because of that, and we will resume again in September 2021 Bardia Kamrad: And this program has somewhere between 30 to 40 students and I think we have one more program in this mix and Bardia Kamrad: Our final program in this portfolio, ladies and gentlemen, is master’s in management We are the second cohort Bardia Kamrad: And we had something like 250% increase in applications and the class size went from a size of 32 to 68 in one year after it was introduced So this is the portfolio of our degrees Next, please And I just want to give you a little bit of our view of the terrain and this Bardia Kamrad: Section of MSB, if you would We have these six programs Bardia Kamrad: Kind of connected sewn together in a very simple structure way There are academic directors for each of the programs I’ve mentioned Bardia Kamrad: There is an entity program management Okay And within program management We have different program managers that support the different programs Bardia Kamrad: And they lay into from both sides of what you’re looking at Academic directors, as well as program management into academic affairs and executive career development Bardia Kamrad: And executive career development has brought in a very rich venue of mentorship and support to our executive degree students and, in particular, what the EMBA, as well as EML and IBP So next one please Bardia Kamrad: Thank you I want to talk about three quick components of success, challenges, and next steps that we have Bardia Kamrad: One of our sources of pride is our EMBA rankings, both in terms of financial times as well as Economist Bardia Kamrad: In 2018-19, our rankings were definitely in top 10 in the United States, and we became top 10 in the United States again with Economists in 2020 So we have made really great strides in that dimension and we are really well recognized in that capacity Next, please Bardia Kamrad: We are, we are also Bardia Kamrad: Number one in DC

Bardia Kamrad: In the program consistently by both Bardia Kamrad: Economists as well as Financial Times in terms of our ranking Bardia Kamrad: So successes to share with you Bardia Kamrad: The MiM program has been STEM designated The class size has moved up by a factor of two And we have a lot to thank, the admissions team and the academic director and the team for MiM Bardia Kamrad: MA international business policy has really shown a steady but increased enrollments over the last four years Unfortunately, we could not travel because of COVID Two of the modules in this program do actually get offered Bardia Kamrad: In Vietnam and in Germany and because of COVID this year, we could not travel, unfortunately, but we we managed and we maintain continuity and surprisingly with incredibly high ratings by the students at the end of the Bardia Kamrad: Those two modules that were travel based Bardia Kamrad: Thank you for admissions and the academic directors Dennis and Mark that have done a great job with this program Next one, please Bardia Kamrad: Other existing programs Executive Masters in leadership, stable growth We went through accreditation last year and actually wrapped it up earlier this year Bardia Kamrad: And all of our programs that are in need of accreditation They are accredited And I want to thank Kathy, the academic director of the program and EML team Bardia Kamrad: Our Bardia Kamrad: EMBA program we rolled out a brand new curriculum This year, wherein the number of electives was increased I don’t know Bardia Kamrad: Nearly 10 years ago we had one elective in the program We are now at seven electives and we offer 14 of them in parallel Bardia Kamrad: Continuously when the second year arrives Bardia Kamrad: We have also reduced the number of core courses in favor of making sure more electives are made available to our students and the strengths of the program are in terms of global policy government and our Jesuit values system of course our DC location Bardia Kamrad: The executive career program and ECD services are other new leadership Bardia Kamrad: And one of the highlights of that is, that various networking events as well as mentorship programs that exist And I thank Diana Banks Bardia Kamrad: for her leadership in that domain One thing that I like to mention about the programs that they just shared with you, in every single one of these programs Bardia Kamrad: The enrollment for women has increased for EML We are, I think about 60% for MiM For EML we’re at about 50% For EMBA we are at 40% likewise with under representative Bardia Kamrad: represented minorities in all these programs, we are making steady increases from year to year consistently Next, please Bardia Kamrad: So what are the challenges that we are confronted with Okay, I think, given the current times facing and managing disruption in education, continuity is the biggest challenge We have taken on a very Bardia Kamrad: Steady and consistent approach toward maximizing the utility of our programs and the benefits to all our students, I think, keeping our students close and engaged is important Bardia Kamrad: We are from my perspective, supply chain of education and that should not be interrupted Okay, it will create ripple effects throughout Bardia Kamrad: And we did our best and we were greatly successful and making sure that there is no interruption in that sense Bardia Kamrad: Every day of operations since February, we learned something new that we shared with our students to make sure that uncertainty risk to them is minimized Bardia Kamrad: We did this in a number of related ways We offered outside of class workshops for additional learning, town hall meetings, guest speaker series Okay, and making faculty available to share their thoughts and views with them Bardia Kamrad: So what are other challenges: market and competition Okay, we are an established industry

Washington is green pastures for our competitors, just to name a few Cornell recruits here Bardia Kamrad: NYU Stern has what I call a satellite school here, Darden has a satellite school in here Bardia Kamrad: Ollen has a satellite school here All of them have a presence here And the key from my perspective is differentiation and I’ll elaborate a little bit in those terms as well Bardia Kamrad: Many universities Okay, show up here and the city, okay is conducive to accepting them Price sensitivity is really an issue for us, for our students Okay And I believe in that respect, not just for our students Generally speaking, distinctiveness becomes price worthy Bardia Kamrad: Innovation is also a huge component of survival and this new era in this very, very highly competitive market And if we can innovate Bardia Kamrad: Promptly, correctly, and suitably we can differentiate and remain distinctive Next, Next one, please Bardia Kamrad: I believe in shaping the playing field to innovate new programs, curricula, and processes Okay Bardia Kamrad: We need to be differentiated and distinctive, we need to spin off programs, merging existing programs toward market customization is huge in that regard Bardia Kamrad: Our program in Qatar, EML in Qatar is a perfect example of that We have other irons in the fire in that respect scope and scale opportunities, they are huge and we need to explore them and exploit them in a timely and a Bardia Kamrad: Significant way Bardia Kamrad: If we look at ourselves as a supply chain of education, I believe, agility, flexibility, and adaptability are humongous Markets evolve all the time as, as we know, therefore, so should we Bardia Kamrad: Actively cultivate growth options Okay And when I look at all of these ladies and gentlemen together Bardia Kamrad: And in respect to the question that was raised and Paul answered moments ago, there is something financial economics, known as hysteresis, Bardia Kamrad: And that is recognizing, okay, when a certain effect that had a particular cause Okay, is no longer there Bardia Kamrad: I think part of agility and flexibility and adaptability, is to recognize what programs are striving and are market friendly, and what programs are not and taking action that may be difficult at times It’s just necessary to make sure that your innovative engine keeps running Next one, please Bardia Kamrad: So what can we do, along the lines of what was mentioned by my colleagues, I think it’s really been a mission for us and will continue to be a mission for us Bardia Kamrad: To support and care for our students One of the avenues open to doctoral students and alums what I call L cubed, or lifelong learning Bardia Kamrad: We have made huge efforts to make this available to our alums in a much broader way that it has been Bardia Kamrad: And by increasing the number of electives in the program, I believe we are achieving that And we still have ways to go Don’t we are not done here and we will continue in that regard Bardia Kamrad: leveraging our advisory board, CIRCLE, which stands for council or committee on impactful relationships for C level executives Bardia Kamrad: One of the efforts with the help of Lauren Apicella that we are looking into is to get new information Bardia Kamrad: In terms of email addresses, telephone numbers, etc, please spread the word We need your support and we need your engagement, so we can have a bigger outreach There are a lot of interesting Bardia Kamrad: And engaging programs available to you in school But if you’re not available If you’re not aware of them We cannot offer them to you Please know that Finally, I want to talk about our next steps, in the last three years that I’ve taken Bardia Kamrad: You know, the role of senior associate dean for executive degree programs,

one of the efforts that we have really pushed for Bardia Kamrad: Is standardization and process improvement We have made huge progress in that regard But we have ways to go yet So this is part of our, our next step Bardia Kamrad: Innovation, distinctiveness, differentiation, and making sure that our constituents are in touch with us with that in mind, ladies and gentlemen, I thank you for listening and I will pass it on to Dean of the Masters of Science in finance, Alan Eberhart Allan Eberhart: Thanks Bardia, Allan Eberhart: Hi everyone I’m honored to provide updates on our master science and finance or MSF program since this is the first time we’ve had MSF Alums at this event Allan Eberhart: And the first time I presented, I’ll note that MSF was the first technology intensive program at MSB We started working on it in 2012 and launched it two years later So following the three successes, three challenges, and three plans for the future format that Bardia and Prashant Allan Eberhart: Roughly followed, all start with our mission success back in 2014 when we were Skunk Works project Our first class consisted of 39 pioneering students We called MSF1 Many of them are joining us today, celebrating the fifth anniversary of their graduation Next slide Allan Eberhart: Here’s a picture of them at the opening residency and this brings back many fond memories these brave souls bought vapor Allan Eberhart: When they enrolled in the program because we had virtually nothing to show them at the time, most of our courses are so-called flip courses where we converted some portion of each courses live teaching time to asynchronous materials such as carefully produced videos Next slide Allan Eberhart: Here’s a screenshot of what these videos look like from Professor Jose Luis Guererro’s Big Data course This, these, it’s a moon launch to develop all these videos, we have Allan Eberhart: scores and scores of hours of videos that we’ve developed and we were very much developing these in real time as the program proceeded I felt like I’ve used this analogy before Allan Eberhart: The manager of a hotel that was under construction While we were opening and be opening up a guest room like, you know, part of a course hoping, everything was in place I’ll be eternally thankful to these MSF one students for their trust in us Next slide Allan Eberhart: Now, just a few years later, we welcomed 277 first year and returning second year students this fall And we achieved this growth while maintaining our admission standards Allan Eberhart: For example, we’ve continued our no waiver policy and standardized testing, even during this pandemic Allan Eberhart: And as you can see in the graph, the blue columns show our enrollments since the launch Allan Eberhart: And the red line shows the average team GMAT of each incoming class with the most recent classes average team GMAT of 689 matching our enrollments for an all time high Allan Eberhart: I’ll also quickly add that our percentage of underrepresented minorities hit an all time high of 32% this year In short, our programs have grown because of the increased quality and quantity of our applications And that’s a testament to everyone involved in the program Allan Eberhart: Next slide Allan Eberhart: Our second success is in the career outcomes of our graduates As noted in this chart’s blue columns Allan Eberhart: Their average base salary within six months of graduation has grown steadily from $88,826 or first graduating class in 2015 Allan Eberhart: So an all time high of $120,429 to 2019 The most recent year for which we have data on career outcomes Allan Eberhart: Just as importantly it’s noted in the red line, the average percentage change and salary from the time of admission to post-graduation of 47% also was the highest to date in 2019 Allan Eberhart: These outcomes are a testament first to our Associate Dean for career management and strategic initiatives Tom Stowell, and his remarkable team Allan Eberhart: It’s astonishing to look back at how Tom built our career management operations from scratch and continues to innovate everyday Allan Eberhart: Our superb administrative team of Luke Weichbrod the Senior Director of Operations and Brooke Wertan our Senior Associate Director Allan Eberhart: Have also been instrumental in these successes they’ve not only been excellent implementers, They’ve also been a great source of creative ideas Allan Eberhart: The faculty also deserve much credit, especially those who were trailblazers with their willingness to be the first to flip their courses, when the program began Allan Eberhart: And have continued to teach in programs such as Jim Angel, Matt Cypher, Sandeep Dahiya and Ed Soule

Allan Eberhart: I also want to thank Allen Ammerman who joined us last year as a director of academic operations I know I speak for everyone on the team in appreciation of the professionalism, modesty, humor, and the extraordinary work ethic He’s brought to this position Allan Eberhart: Also want to thank our alums, especially our MBA alums who’ve been a great help and recruiting students and career outcomes Allan Eberhart: Next slide Allan Eberhart: A third major success falls into the category of innovations Allan Eberhart: In the interest of time, I’ll just mention our new apply data science course for finance boot camp, we introduced this summer, along with console career management Okay Allan Eberhart: We also expanded our global consulting project course and summer clinics Allan Eberhart: We also have many faculty innovations David McClain, Vicki Tang, several other people Allan Eberhart: Next slide Allan Eberhart: As for challenges, I’ll list our top challenge as accommodating the program’s growth We’re charging on-campus tuition for an online program Allan Eberhart: And our students have high expectations for the quality of teaching, administrative services, and Career Services So we have to deliver Allan Eberhart: We also have a powerful narrative about a student’s return on investment of the program Allan Eberhart: But it takes time and money to tell this narrative and as competition is increased, it becomes a greater challenge to tell our story Allan Eberhart: As for the third challenge It might seem surprising Allan Eberhart: That as an online program, we would have planning challenges caused by COVID-19 but we planned many different campus events, not to mention hosting the scores of students who would be attending our weekly MSF live sessions in-person if campus was open Allan Eberhart: Next slide Allan Eberhart: This is what our blended classroom looks like Allan Eberhart: We set this up so that students could have the same educational experience, regardless of whether they came in person or online Allan Eberhart: But we really enjoy seeing the students in person and we can’t do that right now So while we’ve been able to transition to an online format seamlessly Allan Eberhart: We miss seeing the students in person So we’re looking forward, like everyone else, to having this kind of in person activities return Allan Eberhart: Next slide Allan Eberhart: Three plans for the future Allan Eberhart: We want to continue to grow enrollments without diminishing admission standards We want to continue to enhance career opportunities for our graduates and we want to continue to innovate Allan Eberhart: I know these are broad categories, especially the last one But I think the last one really speaks to what our goal has been for the future, from the beginning, rather We’ve always wanted to take this innovative approach to everything that we do Allan Eberhart: And with the team in place I’m convinced that we will So I would echo what Prashant and Bardia said about how you could get involved as alums Allan Eberhart: So, for example, we’ve had alums involved, MBA alums, for example, in our Council of Advisors, MSF Council of Advisors We’ve also had alums from EML and other programs involved in our summer clinics Allan Eberhart: It’s been an honor to work with them Same thing with all of our MSF alums Of course they have been a great help Allan Eberhart: In recruiting students and our students getting good career successes, they’ve really been helpful to students getting jobs So if you think you can be helpful and evolve that, please, by all means get involved So I’ll turn it back over to Lauren for any questions Lauren Apicella: Awesome Thank you guys so much I’m going to stop sharing my screen And we have time for one more question from the audience and Bardia has agreed to answer it Thank you Bardia Bardia Kamrad: Thank you Would you like to repeat the question or Lauren Apicella: Yes Lauren Apicella: Of course So the question is, how is the MSB preparing for disruptions and education, specifically with MOOCs initially thought of not profitable for institutions MOOCs are bringing huge revenue with worldwide enrollment They seem to increase online presence for institutions Bardia Kamrad: That is absolutely correct Thank you for the question Bardia Kamrad: While MOOCs are one possible solution They are not the only solution Continuity also implies having Bardia Kamrad: channels available so that ongoing classes in case of disruption can be continued, okay, in the realm that they are not substituted by MOOCs

I think one of the side Bardia Kamrad: Outcomes of what we have learned in this COVID era is how to deliver what we typically deliver through other means, not just MOOCs Okay Bardia Kamrad: And reach the students in a way that addresses their ultimate objective of finishing the course of studies and graduating on time Bardia Kamrad: No, there is no question that what you’re saying this is correct but but there are other ways Bardia Kamrad: To have a large, imagine, just imagine an MSB, the hundreds of different courses that exists, it’s not likely to create Bardia Kamrad: A MOOC for every existing course So continuity is something that has to be done at the moment that a disruption or interruption takes place and allows everybody in a variety of different courses to move forward to their destination I hope this addresses your concern Lauren Apicella: Thank you so much Bardia and thank you to all of our Dean’s for speaking today Lauren Apicella: And thank you to everyone for attending We’re going to take a quick 10 minute break So feel free to refresh your drinks Lauren Apicella: Stretch your legs We’re going to set up the next panel, which should start in the next 10-15 minutes and we appreciate your patience and we’ll see you when we get back