Historical Newspapers of South Carolina

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Wednesday, April 6, 1994 U.S. News ran From staff reports The USC College of Business Administration has been ranked No. 1 in the country in global management. The ranking appears in the March 21 issue of U.S. News and World Report. This year is the fifth consecutive time that international business at TT<;r has hf*f?n sinolpH out in the mao. azine. In four previous rankings, USC was No. 1 in international business, a category that was renamed global management for the 1994 ranking. According to U.S. News, the name of the ranking was changed to global management to make it clear that the category includes schools that don't 1 have specific programs in interna; tional business, but that do offer a concentration in global management as part of their MBA programs. The rankings are based on re' sponses by deans and MBA program ' directors nationwide, who were asked ; to rank the 10 best MBA programs in - several different fields. The selections ' are based on their opinions of each , school's academic excellence, { strength of faculty and research achievement in a specific field, ac! cording to the magazine. J The distinction for USC's College J of Business Administration reflects the . ti CAtCllCIlLC U1 HIS! Master of International Business Stud\ ies (MIBS) program and the USC Col; lege of Humanities and Social Sci ences, whose faculty teach courses on ? language, culture, politics and geography to MIBS students. ,' The honor also comes 20 years after the Commission on Higher Education gave approval to the MIBS program, which quickly became the model for other universities. v' "It's extremely gratifying for the College of Business Administration to be recognized in U.S. News by our peer institutions in this way," said * t i Don't listen t< - about AIDS, J 1-800-34 f. * / "i mJKKM f v SHOE SALON ...qu 738-9100-4511 (Across from the Colun Monday-Friday 10a.m. - 6p.m H '.I ! ^ Sports Timberla . J Cudo : 20% I with this ad thru i Just Arrived! ^ If/OKAK. ! 10% with this ad thru ^ Selection of fi | JIT J Get your fann; graduating Put your education tn PARALE "One of the fastest growing pn -U r I The National Center for American Bar Associatioi 3-Month Day or 7-Month Employment Assistance in 39 states have hired NC Meet with our rej Wednesday, April Contact the college Placement C Call or write for a free brochur The National Center for 1 , 3414PeachtreeRoad,Suite5 (800) 275-7842 (< iks business pr Susie VanHuss, interim dean of the college. "Being ranked No. 1 for five straight years, particularly when the category was changed, is really a testament to the quality of our faculty and their dedication. To receive this honor, USC out-paced Harvard and Columbia universities and many other outstanding international business programs." "The university and the state of South Carolina can take tremendous pride in the College of Business Ad ministration s unparalleled record ot achievement," USC President John Palms said. "It is a tribute to our faculty in the College of Business Administration and the College of Humanities and Social Sciences. They have set a standard of excellence that gives everyone associated with the university reason to be proud and a sense of the caliber of this institution." For 20 years, USC's international business department has built an international reputation in academic and business circles on the strength of its faculty, educational programs and internationally focused research. The department is one of only several in the country that offers an international business doctoral program, which enrolls 20 students. In addition, it's home to the Center for International Business Education and Research, one of 25 federally designated and funded national resource centers. The department's faculty frequently are called on to consult and conduct international seminars, and several faculty members have been ranked among die 50 most prolific researchers in international business. In 1993, USC's strength in intematirvnol hncin^cc IpH tr? ifc cplprtinn oc the home of the first officially desig0 the rumors get the facts! [2-AIDS ...sophisticated style ...ultimate fit lintessential elegance 1 Forest Drive ibia Athletic Club) . Saturday 10a.m. - 5p.m. Sandals s I lnd Class Five Teva OFF : April 14, 1994 I r-Shirts, Caps, J & Shorts OFF April 14, 1994 anny packs!! y down here... I il>ly Street SENIORS work - become a GAL Dfessions through 2005." .S. Department of Labor Paralegal Training i Approved Program Evening Programs over 1,200 employers ",VT graduates presentative 6,9:00-5:00 >fficc for an appointment e and more information. Paralegal Training 28, Atlanta, GA 30326 (04) 266-1060 Wtt 6am ogram No. 1 nated Japan Business Library in the United States. It houses materials provided by the Japanese External Trade Organization (JETRO), a nonprofit organization affiliated with Japan's Ministry of International Trade and Industry. The annually updated resources are used by international nancial Services Division. Stop I The Hate. [ I Shoe Repair \ Ladies' Heels 3 for = Present the Coupon When Ordering Hours 7:30 - 6:30pm Mon. - Fri. 435 Assembly SL 799-2030 (On< South Can mm W lltl GAMECOCK A FOOTB/ Spring Football Game, S Williams Brice S1 $1 students, $3 adult BASES# Clem son, Wed., Apr (Sarge Frye Field) BEATTHO! SOFTB# Georgia St., Thur. Apr. 9 All School and Recreatioi (Lady Gamecock Field ? F MEM'S TEI North Carolina, Tues (All School and Recreatior Georgia Tech, Thurs., > Richmond, Saturday, A E. Tennessee State, Satur (Sam Daniels Tennis Complex EVENT PRE\ NCAA IVJEN'S TENNIS MAY13,14,1! Sam Daniel Tennis Tickets Availal For More Informatioi USC Sports Informatio ccock MIBS pumj From staff reports For nearly 20 years, students have come to Columbia from dozens of countries for the Master of International Business (MIBS) program at USC. While they number only about 300, MIBS students have a significant economic impact on the Midlands. The presence of these top students means more than $10.4 million a year, according to estimates in a preliminary study by faculty at USC's College of Busi ness Administration. "It's gratifying to see that MIBS has such a huge impact on our state economy, but it really provides bigger dividends in the way its students enrich our campus and our state," said Susie VanHuss, interim dean of the college. "We at USC benefit in myriad ways from our lifelong relationships with students from around the world who go on to play important roles in the global community." The MIBS alumni network of 1,600 graduates in 40 countries on sue continents also is thought to have a highly positive impact on the state's economic development efforts, but its influence hasn't been measured. In gauging the program's economic impact on the Midlands and the state, faculty members in the College of Business Administration, in association with die college's Division of Research, calculated that student spending alone has a $5 million annual impact. About 150 first-year students spend 12 months in Columbia, and 150 second-year students spend about five months in the city each year. MIBS students typically work for several years before entering the program, and, according to the report, their spending is higher than that of a typical graduate student. The report estimates that each MIBS student spends about $7,000 a year on rent, food, transportation and other expenses. Total spending in the Columbia area at that rate is $2.1 million per year and carries a 2.35 multiplier effect, raising the overall impact to $5 million. (The multiplier effect assumes kiwi 1 ' Special h the price of 2 ; One Coupon per Visit E3 8am - 2pm Saturday i Block from the Coliseum) illna m etkhlet,cs ^ ILL ?at., Apr. 9, 7:00pm tadium s, S8 family iLL 6, 7:00pm 5E TIGERS, AGAIN! lLL r , 2:00 & 3:30 pm n Teams Invited! Ktt Admission; IMIMIS Apr. 5, 2:30 pm 1 Teams Invited) \pr. 7, 2:30 pm pr. 9, 10:00 am day, Apr. 9, 3:00pm ? FREE Admission) flEW I REGION A LS 5 Center 3le i Contact: n, 777-5204 business students, scholars and business people. USC's MIBS program offers twoyear tracks in Portuguese, French, German, Italian, Russian and Spanish, as well as English for foreign nationals. Three-year specializations are offered in Japanese, Chinese and other languages. In addition to intensive business and cultural training, all students are required to complete an overseas internship with a company. The MIBS program enrolls 330 students and has more than 1,600 alumni working for corporations such as 3M, Unisys and Merck & Co. in 40 nations and six continents. Corporate supporters include AT&T, which has placed 73 MIBS stuHpntc in infprncKinc in thp TTnitp/i UVltV?l 111 AAA IAIV U AAA kVU States and abroad, and which recently provided more than 1100,000 in computer equipment to the college. International business programs are guided by the International Business Advisory Council, which is composed of USC faculty from a range of disciplines and internationally recognized business leaders who include Carlos Ghosn, chairman and CEO of Michelin North America Inc.; Harvey Falk, vice chairman and president of Liz Claiborne Inc.; and James Grigsby, president of CIGNA International Fi )s money in MIBS has impa The College of Business Administration estimates that since most average Master of International Business Studies students work for several years before entering the program, their spending is higher than that of a typical graduate student. Tbtal impact of student spending is $2.1 million; a 2.35 multiplier effect raises the overall impact to $5 million. + Students pay an estimated $2.5 million in tuition and fees to the university; a 1.7 multiplier effect raises that to $4.1 million. + The Center for International Business Education and Research and the Faculty Development in International Business programs have an economic impact exceeding II million. The MIBS program generates a total of more than 110.1 million for the Midlands. Chris MukJrovuTThe Gamecock that |1 spent by a student at a local store, for example, will lead to purchases by the store and its suppliers. All that spending multiplies the local impact of the student's II to 12.35.) Other economic benefits include an estimated 12.5 million in tuition and fees paid to the university each year by MIBS students, and that amount carries a 1.7 multiplier effect, creating an economic impact of 14.1 million. A first year MIBS student from out of state generally pays 116,605 in tuition and fees during the first year, including an 18,100 enrichment fee. Additional dollars flow into the Midlands economy from the college's Center for International Business Education and Research, one *0 lfLANE 2 Locatio x m auper *when purch i 806 Pavillion Ave. 4 ? Five Points ? Former Outspokin Location (Pink building behind Eckerd Dri J 765-1219 | We need with Freshm, ^ We're making a spec ^ accepted freshmen fc welcome them to Care I % How about lending us ^ ning to telephone ac yy. iir- -4 i ? - - - vy, ** cuucsaay, April D, ] I : % We'll have snacks for 3 % a free long-distance % loved one of your choic I "P' I ^ Interested? Call the O ^ 777-0076 and we'll , % Don't forget. We've res ^ for Freshman Outrea hmmmmmmmm Carolin W=< Associa St. Thomas More Catholic Center Masses Sun. 11 am, 6pm 9:30 pm Mon.-Thurs. 12:15 pm Sat. 8am Ntwau Club Meeting* Tue*. 7pm Bible Study Thuis., 7:00 pm Confettioa 2-3pm on Sat. f or by appointment Rev Michael F. McCafferty Chaplain 1610 GreeneSL 799-5870 (across from the School of Nursing) HEART To HEART "God't Sense of Humor" Guest Sp?alrrr Dr. Marshall Edwards Rev. of SL Andrews Baptist Church Thursday, April 7, 7:00 pm Baptist Student Union 700 Pickens St 799-3854 3_ to Midlands ct oil Midlands Multiplier effect Each MIBS student at USC spends about 17,000 per year on rent, food, transportation and other expenses, but that student's spending actually means more than >7,000 in economic impact on the Midlands. ^1^^2.35 I ^Ij^j o? If a student spends 11 at a ? store, the store and its suppliers spend more money. The local impact of the student's dollar is, therefore, <2.35. Source USC News i; nf ? ?n.. UI A* J 1CUUAUJ AUUU^U IKUiUtUU If search centers. And the Faculty Development in International Business program brings professors and administrators from colleges across the nation to USC for two-week courses. These programs generate more than 1500,000 in revenues and have an economic impact exceeding $1 million. Established in 1976, the MIBS program enrolls 330 students. In addition to intensive business and cultural training, all U.S. students are required to complete a sixmonth internship abroad. MIBS students were among the first U.S. students to serve internships in China and Russia, and a number of graduates are working in those countries. TAN ns For You I f fens $19* I X ased by 4-10-94 m ? 519 Meeting Street X ? W.Columbia ? igs) Across From McDonald's X 794-9100 J vour heb * ? an Outreach! ial effort to reach all >r the fall of 1994 to % )lina. ? \ a hand? We're plan- ^ :cepted freshmen on from 5:30 until 7:30 J | telephone call to the e! You can't pass this % I nice of Admissions at give you the details. % erved a phone for you M CH' P, a Chaplains tion lIj The Canterbury Community, USC The Episcopal Church on Campus Thursday Program Supper at 7:15 pm At Trinity Cathedral Rev. Rich Biega, 771-7300 Campus Ministry Pmnenhip Amooj " Lutheran* and Metbodiju 728 Pickens SL 799-4993 799-7363 Body & Soul Dinner, Devotion & Program Faculty Profile: Dr. Bruce Coull Marine Science Program Wednesday, 5:30 pm Worship and Dinner Sunday, 5:30 pm All Are Welcome!