Archive for April 2014

Inside The Minds Of SIPA Students: May Edition

Seeples, as SIPA students are affectionately called, are always a busy bunch. Whether they are rallying against injustices in Venezuela, preparing for international travel to North Korea, or interning at the United Nations, students are always on the move and always pursuing their interests. However, the end of the semester means that students are more swamped than usual. Here are some of the things occupying SIPA students’ brain space at the moment:

Finals

Ah, the dreaded F-word. With May just a day away, SIPA students are in crunch mode as their classes quickly wind down and final exams lurk around the corner. Long nights in the library have become the norm, and study sessions with friends abound. Though SIPA students are a high-achieving group, many students just want to teleport themselves to the end of the month when their exams will have ended and they have diplomas in their hands.

Assistantships

Student Affairs recently released the first round of assistantships, which notifies first-year students of the jobs they will work at in order to receive their fellowship funding. Seeples are excited by the prospect of having part of their tuition funds figured out, and many are weighing how to pay the remainder of the balance.

Jobs

Second-year students are in the throes of the all-encompassing job search, which requires them to dance between informal coffee meetups, interviews, and the dreaded, aforementioned final, all while keeping their eye focused on….

Graduation

The culmination of second-year students’ class work at SIPA is quickly approaching. On May 22, second-year students will be recognized for their late nights spent cramming in Lehman, hours toiled over group projects, persistence finishing the economics and statistics requirements, and general all-around hard work. May 22 feels so close, and yet, so far…

 

Professor Goldberg’s Financial Services Sector in the 21st Century: Final Case Presentations at Bank of America Merrill Lynch in New York

I had the pleasure of taking Professor Richard Goldberg’s course, Global Financial Services Sector in the 21st Century, during the fall semester of 2013. It was a valuable experience to learn from a 25-year Wall Street veteran who has covered the financial sector for international M&A (Mergers & Acquisitions) and worked at various global banks.  Professor Goldberg is actively involved with the Columbia University community in general, and particularly with the IFEP concentration.

The  course  provided  a  framework  within  which students  could  evaluate  and  understand  the  global  financial services industry.  In class, we explored perspectives such as the current and future roles of the major financial services participants, key driver s influencing an industry that has always been characterized by significant change, and strategic challenges and opportunities facing today’s

financial services CEOs. That said, this course is tailored so that students with various backgrounds can follow and appreciate all of the materials read and discussed. The assigned readings were current, applicable to today’s financial markets, and focused on what was important.

 goldberg class

In particular, Professor Goldberg’s course taught how a SIPA student might look at global financial institutions from a different perspective, focusing more on global macroeconomic and political risk over just simple returns. For example, we learned about how regulatory changes in the capital markets could affect the global strategy of a financial institution, and how a supermarket  approach may  be  of  benefit  to  one  institution  but  a  boutique  approach  might  be  better  for  another,  depending  on  a  financial  institution’s strengths. Understanding the dynamics of policy and financial markets is a valuable proficiency that this course teaches.

Clearly, the guest speakers (from banks and asset managers) and the two presentations were the highlights of the course. For example: For the final case study, we divided our class into teams. Each group recommended specific strategies to senior management at Bank of America Merrill Lynch New York headquarters that could potentially strengthen the bank’s position in the financial markets. Senior executives provided feedback to all teams on how our suggestions would or would not be feasible in the current marketplace.

This live presentation to professionals was a unique experience, especially for students who have not worked much prior to attending SIPA. The skills acquired in this course will serve students well in several sectors; however, it’s tailored for careers in finance, banking, management consulting, and policy-making. I encourage students with various backgrounds to take Richard Goldberg’s course, because it teaches rich information, offers great opportunities, and is entertaining.

Posted by Andreas Maerki, MPA ’14, IFEP

Bill de Blasio, 109th Mayor of New York City is back at SIPA

The Honorable David N. Dinkins, 106th Mayor of the nation’s largest city and the first African American Mayor elected in New York City hosts the David N. Dinkins Leadership & Public Policy Forum each year.  The forum provides a vehicle for analysis, focus and dialogue around the dynamic elements of urban policies, programs, and initiatives.  This annual forum has addressed many of the challenging issues including education, the environment, labor, tourism, immigration and fiscal crises that successful and urban ecosystems must contend with.

This year’s Forum (the 17th annual forum) is proud to welcome New York City’s 109th Mayor, Bill de Blasio, to present the keynote speech.  Mayor de Blasio, a SIPA alumnus joins the Forum’s legacy of keynoters that includes notables such as US Senators Hillary Rodham Clinton and Kirsten Gillibrand, Vice President Al Gore, Rep. Charles Rangel, Mayors Ed Rendell, Michael Nutter and Michael Bloomberg, and labor leaders John Sweeney, Lillian Roberts, Randi Weingarten and Dennis Rivera to provide the featured address.

Registration is closed but this event will be live streamed on Friday, April 25th through our website as well as archived for future viewing.

To watch past Forums, click here.

Dean’s roundtable discusses technology and innovation for cities

Dean Merit E. Janow convened leading technology entrepreneurs, venture capitalists, and experts in urban policy to discuss the application of digital technology and advanced data analytics to improve urban environments around the world.The event was co-hosted by Silicon Valley entrepreneur Joe Lonsdale, co-founder of Palantir and founder of Addepar, among other companies, and set the stage for the launch of the Dean’s Public Policy Challenge Grant Program, which is seeking proposals from SIPA and other Columbia students for innovative projects using technology and data to address global urban challenges. The Program aims to integrate problem-solving from different fields such as public policy, computer science, and engineering.

Daniel Doctoroff, the CEO and president of Bloomberg and a former deputy mayor of New York City recounted examples of the ways in which New York City’s Office of Policy and Strategic Planning — also known as the city’s “geek squad” — used data to solve problems, like how to identify restaurants that were illegally dumping grease and clogging the city’s sewers. By using information about restaurants that were not contracting with waste disposal companies to eliminate grease, the geek squad overlayed a map of those restaurants with geospatial data that identified areas with concentrated grease in the sewage system. This resulted in a 95 percent success rate in identifying and stopping the illegal dumping of grease from restaurants.

This example underlined how data is an increasingly important tool for government, not only to solve problems but also to reduce costs — a sentiment echoed by other speakers at the roundtable.

Jeffrey Sachs, director of the Earth Institute, cited crises in employment, education, healthcare, and energy as problems that needed prioritizing in the United States, and expressed his hope that advanced technology would be used to improve efficiency in those areas. He stressed that data and technology should be used for good governance. Open governance should allow for active public participation.

Along a similar vein, Carter Cleveland, CEO of Artsy, an online platform connecting users to works of art, said he would like to see more open-source information that allowed joint ownership of data between the government and the public. Cleveland said access to information could empower civilians to participate and partner with government to monitor crime and improve urban safety, for example, whereas information asymmetry could erode cooperation between citizens and governing bodies.

Patricia Culligan, associate director of the Institute for Data Science and Engineering and co-director of the Earth Institute’s Urban Design Lab, advocated for the meshing of technology and policy around urban infrastructure. She said more investment was needed to improve infrastructure providing for the safety, lives and needs of cities, and to address manageable challenges like reducing energy consumption. A study she led at Columbia, she noted, found that transparency and sharing data about energy use with residents of a building helped reduce consumption by up to 30 percent.

Panelists seemed to agree that the role of information and communications technology (ICT) and data was increasingly important in helping cities become more responsive, more sustainable, safer, and healthier. The challenge was to catalyze innovations and encourage multi-disciplinary, multi-sector solutions.

However, cautioning that governments don’t work like businesses, Rohit Aggarwala, professor of professional practice in international and public affairs at SIPA and expert on urban sustainability, said the key was to identify areas where there is a lack of timely or useful data and fill that gap where the government already has the mandate and resources to act.

Other participants included James D. Robinson III, co-founder of RRE Ventures and former CEO of American Express and Zachary Bookman, co-founder and CEO of OpenGov. View the full discussion here.

excerpt from Doyeun Kim MIA ’14 commentary for SIPA

A few words about Public Service Loan Forgiveness

If you are considering student loans to help finance your studies at SIPA and may later pursue a career in the public or non-profit sectors, the Public Service Loan Forgiveness Program could mean considerable savings on loan repayment in the future.

Borrowers who pursue full-time careers in the non-profit or public service sectors can have their outstanding student loan balance forgiven after 120 months of repayment (payments need not be consecutive).  This program applies to and Federal Direct Loans (also known as Stafford Loans) or Graduate PLUS loans you may borrow at SIPA.

For more information, contact the Financial Aid Office or visit any of these websites:

Non-profit or public sector employment may include:

  • A Federal, State, local, or Tribal government organization, agency, or entity;
  • A public child or family service agency;
  • Volunteering full-time in the Peace Corps or AmeriCorps;
  • A tax exempt 501(c)(3) organization;
  • A Tribal college or university; or
  • A private non-profit organization that provides any of the following public services:
  • Emergency management
  • Military service
  • Public safety or law enforcement
  • Public interest law services
  • Early childhood education
  • Public service for individuals with disabilities and the elderly
  • Public health
  • Public education or other school-based services
  • Public or school library services

As many SIPA alumni pursue such careers, they may qualify for loan forgiveness.  Please contact us at [email protected] if you have any questions.

 

"The most global public policy school, where an international community of students and faculty address world challenges."

—Merit E. Janow, Dean, SIPA, Professor of Practice, International and Economic Law and International Affairs

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