Babson College - Babsonian Yearbook (Wellesley, MA)

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Peter M. Black Columbia University INVESTMENTS Dr. Wilson F. Payne University of Chicago

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Dr. Wallace P. Mors University of Chicago The Division of Finance and Investments offers majors in both finance and investments. The major field courses in finance, along with the two introductory courses, provide the stu- dent with the basic tools he needs to make fi- nance decisions, and, through the use of cases and problems, to give him practice in decision- making. In investments, the course in stock analysis, the four major field courses in the investment area, and the required courses in accounting, statistics, economics, and finance prepare the student for a career in investment analysis and also provide him with the needed knowledge to pass the three examinations necessary to obtain the C. F. A. fChartered Financial Analyst? cer- tiiicate. Through the Institute of Chartered Financial Analysts, the security analyst societies in some thirty-four of our major cities have set up a program to raise the stature of investment fnow called financialj analysis and to make financial analysis a profession. Financial analysts hope that in time the CFA certificate will mean in their field what the CPA and bar degrees mean in the fields of accounting and law. The present members of the finance and in- vestment division are Professors Mors and Payne and Assistant Professor Black. During the past year all have given speeches and participated in professional meetings. In addition, Dean Payne served as Chairman of the Finance Committee of the Town of Needham. Professor Mors com- pleted his book on Consumer Finance Charges: Rate Information and Quotation, which was published in January, 1966, by Columbia Uni- versity Press for the National Bureau of Eco- nomic Research. His most recent article entitled Possible Economic Effects of Uniformity in Methods of Consumer Installment Finance Dis- closure appeared in the Spring, 1966, issue of The Mississippi Valley Journal of Business and Economics. FINANC l E ANI

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Dr. Walter H. Carpenter, Ir. Harvard University MANAGE MENT AND PRODUCTION The Management and Production Division is concerned with the required courses in Pro- duction Management, the major Held courses for majors in the field and the integrative manage- ment courses Which include Introduction to Management, Labor Relations and Business Policy. The Chairman of the Division, along with other Division Chairmen, is a member of the Presidentis Committee on Academic Affairs. Israel Unterman Columbia University