Babson College - Babsonian Yearbook (Wellesley, MA)

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Econoniic DiuisiDn Arthur Bayer William Casey, Chairman Frank Genovese John Stevens John Marthinsen Surendra Kaushik Fredrick Bamford Joesph Alexander Laurence Moss The Economics Division fulfills a dual function within Babson ' s educational program, a function which might better be described in terms of respon- sibilities. These responsibilities are: 1. To provide students with an understanding of how the economy functions and to encourage them to use that understanding for evaluating domestic and international events and policies; and; 2. To introduce to the students the tools of eco- nomic analysis and then to develop their ability to apply those tools in management decision making and other contexts. While serving this dual economics function within the college curriculum, the Division provides an intellectual foundation for the work of the other divisions and the college in general, such as by building up students ' quantitative abilities and pro- viding students with opportunities to develop skills in written and verbal communication. Division members are also committed as professionals to ad- vancing their discipline through personal research and communication. We view our teaching and re- search as complementary and mutually reinforcing activities. By meeting these responsibilities the Division necessarily contributes to the personal and profes- sional development of all Babson students. The knowledge and skills developed allow them to make more informed choices as citizens, enhance their effectiveness as managers working in both the pri- vate and public sectors of the economy, and provide them with a foundation for additional professional development in graduate programs of business law or in other specialities. W m. L. Casey, Jr. 27

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Recounting 6 LskiJ Diuisinn Robert Farrar Richard Bruno Donald Rotfort David Drinkwater Descom Hoagland, Chairman R. Arlen Johnson Thomas Commito Thomas Wagner Michael Zibel Missing Pictures of Clairmont Carter, Michael Fetters, David Callaghan and Christopher Hennessey Competence in accounting is funda- mental to good management. Under- standing tax problems, budgeting maintaining financial records, and us- ing accounting records for reporting financial data are all basic to the mod- ern management operation. Babson Accounting majors frequently become certified public accountants, financial executives, lawyers, or accounting spe- cialists in the corporate business world, government, or other nonprofit areas. Experience in accounting is a proven route to top management. 26

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Finance B Investment Diuision Jeffrey Alves and Prof. Troughton George Troughton, Acting Chairman James Grant Ramakrishnan Koundinya V OA - ' . P- ■ ' ■■ ' ■ i v ' if • , .. ' - . - ■•i o,. The objective of the Finance Division is to provide students with an understanding of financial markets and how corporations operate in those markets. Course offerings range from investments and corporate fi- nancial planning to insurance. Babson ' s of- ferings in the area of investments is particu- larly broad with courses in traditional secu- rities analysis, modern portfolio theory and fixed income securities. Finance majors enter careers in banking, corporate financial analysis and invest- ments. Jobs in investments have been hard to come by in recent years. Nevertheless, Babson graduates combining persistence with training continue to find positions as brokers and investment analysts. Recently several graduates have entered emerging growth areas in finance: real estate finance and computer applications of finance. 28 mmssmtsmm