Finance | Mays Impacts - Part 4

preview-upload_card-16186_088Keeping the focus on the patients is the best strategy for succeeding in the healthcare industry, and person-to-person interaction is a powerful tool in any industry, Humana President and CEO Bruce Broussard ’84 said recently at Mays Business School. Broussard shared life stories and advice with more than 400 students and community members on Sept. 29. [Watch the full video of his presentation.]

“At the end of the day, people are motivated by people, not by technology,” he said. “Someone who has walked that path before is more influential than either or a nurse or a doctor.” Also, those working in health care are more motivated when they are working with patients than when they are removed from interacting with them, he said.

Broussard, a Texas A&M University graduate in finance and accounting, has a wide range of executive leadership experience in publicly traded and private organizations. He started his career as a consultant at Arthur Anderson, then was treasurer and CFO of various public companies and CEO of U.S. Oncology before joining Humana. …Read more

Categories: Alumni, Dean Eli Jones, Featured Stories, Finance, Mays Business, News, Texas A&M

Each fall for the last four years, the “Dealmakers in Mergers & Acquisitions (M&A)” course has provided high-performing Mays Business School students a unique opportunity to be immersed in the world of mergers and acquisitions.

In this highly competitive and innovative program, select MBA, Professional Program in Accounting and undergraduate students learn the real-world dynamics of corporate and financial mergers and acquisitions from experienced M&A professionals in a fast paced environment. M&A leaders from around the country serve as guest lecturers, leading students in dynamic role plays, class discussions, case studies and team competitions on actual deals.

The course uses actual completed transactions to address a variety of topics, including finding the right deal, applying valuation methods and techniques, determining deal pricing, financing and capital structure, developing negotiation skills, evaluating contracts and deal memoranda and identifying diligence issues.

The program was founded by Mays alumni and M&A professional Drew Koecher ’88 who envisioned a professionally led case study program to give Texas A&M students exposure to, and a competitive edge in, the M&A disciplines of investment banking, transaction advisory, private equity and corporate deal making. Working closely with Mays Accounting Professor and Department Head James Benjamin, Koecher developed the course, which was launched in the fall of 2013.

drew-koecher-profile-photosean_murphy_profile-photoheadshot_tim_web

(pictured: Drew Koecher, Sean Murphy, Tim Torno and Larry Gies)

After the inaugural year, Sean Murphy ’94, also a Mays alumni and M&A professional, assumed leadership of the class, and along with Koecher, strengthened the course by welcoming Tim Torno as executive professor, and introducing a new group of M&A leaders as guest lecturers at Mays. Torno has more than 35 years of successful executive-level business experience, including 25 M&A transactions while he was a chief financial officer.

“This is the type of high impact, hands-on opportunity that we try to provide for our high-achieving students in Mays,” Benjamin said. “The innovative style of team role play with actual case studies led by practicing M&A leaders, together with the academic stewardship of Tim Torno, is truly unique at Mays and among most business programs. I am confident that this course will continue to meaningfully impact the lives and professional careers of our students.”

Koecher and Murphy continue to be intimately involved in the program, leading classes and hosting M&A professionals from around the country as case presenters. Selected presenters have included:

Larry Gies, founder and CEO of Madison Capital Partners;

Kent Wallace, partner of The Sterling Group;

 Tom Keene, founder of Southlake Equity;

– Mark Miller, CFO of Sabre and ActiveNetworks;

Doug Aaron, CFO of HollyFrontier;

Jeff Hull, managing partner of Highlander Capital;

Mark Dufilho, managing director of corporate finance, Houlihan & Lokey;

 Francis Carr, managing director of The Sterling Group;

– P. Scott Ozanus, deputy chairman of KPMG;

Joe Colonnetta, partner, HBC Investments;

Carolyn Burke, chief integration officer of Dynegy

Gies had this to say about his experience with Mays’ Dealmakers program: “Imagine working on a real deal in an auction environment with teams valuing, strategizing and bidding to try to win the prize. This was the environment in our classroom at Texas A&M. The students I encountered in this class during my two years were so incredibly impressive and resourceful; I would hire any one of them to help me build a business.”

Students interested in investment banking, corporate M&A, private equity, transaction consulting or other investment and/or transaction professional services roles are encouraged to apply. Standout qualities for applicants include strong academic performance, leadership skills, meaningful classroom involvements and a commitment to move outside one’s comfort zone in a challenging, fast-pace team environment.

For more information about the program, visit https://mays.tamu.edu/department-of-accounting/dealmakers-in-mergers-and-acquisitions/

Categories: Finance, Mays Business, News, Programs, Students, Texas A&M

The Petroleum Ventures Program has kicked off its inaugural semester with 25 petroleum engineering students, several finance students and a 23-member advisory board.

The interdisciplinary partnership between the business and engineering schools at Texas A&M University started with a $12 million gift from Anthony Bahr ’91 and Jay Graham ’92, who gave $6 million each to the finance (FINC) and petroleum engineering (PETE) departments. The petroleum engineering graduates own WildHorse Resources in Houston. Their goal is to teach finance skills to PETE students and petroleum engineering skills to FINC students.

Anthony Bahr

Anthony Bahr

“I’d say we are off to a good start, and the advisory board members are excited at what is to come,” said Detlef Hallermann, a Mays Business School clinical professor who oversees the program. “What I am hearing from the board is that it’s been a long time coming. We’ve made the first step.  Now the board is going to help us look at what we are doing and provide direction for where we wish to go next.”

Students wrote multiple analytical analyses, reviewed by advisory board members prior to being  accepted into the program. Approximately 100 students attended the informational sessions and more than 60 students applied.

Princewill Imouokhome, a sophomore pursuing a bachelor’s in finance, said he was “immediately both interested and curious” about the program and the current state of the oil and gas industry’s impact on it. He applied because he wants to be involved in the energy industry.

“I saw an opportunity to gain both a competitive edge and to leave my comfort zone,” he said. “In my time in the program I have already seen a change in the way I see many things that a contingent upon the energy industry. I hope to gain knowledge, new perspectives on problem solving, and exposure to situations that force me to grow as an individual and a professional.”

Bahr said he is happy to hear about the popularity of the program. “I’m thrilled to welcome the inaugural class of business and engineering students into the Petroleum Ventures Program, and excited these students have made a significant commitment to their future careers in the energy business,” he said.

When fully implemented, the program will offer a Certificate in Petroleum Ventures for both PETE and FINC students. Hallermann is also director of the Trading, Risk & Investments Program (TRIP) and the Reliant Trading Center.

The program will have a profound impact on Mays at many levels, Hallermann said. It provides :

  • Increased visibility of Mays programs
  • Integration of engineering students in Mays undergraduate classes – mostly in finance, but also in other disciplines
  • Strategic importance
  • Groundwork for other programs

The advisory board’s first meeting is Oct. 6-7.

Categories: Centers, Departments, Donors Corner, Faculty, Featured Stories, Finance, Mays Business, News, Programs, Students, Texas A&M

Bruce D. Broussard ’84, CEO of Humana, will speak at Texas A&M University’s Mays Business School on Sept. 29 as part of Dean Eli Jones’ Leadership Series. Broussard will speak from 11:10 a.m. – 11:50 a.m. in Wehner 113, also known as Ray Auditorium. The event is free and open to the public.
preview-full-Bruce_Broussard_MEDIresNo American university has turned out more Fortune 100 company CEOs than Texas A&M, according to a recent U.S. News & World Report ranking. Broussard is CEO of Humana, a Fortune 100 company. He earned his BBA in finance and accounting from Texas A&M.
Jones said he is honored to welcome Broussard back to Mays Business School. “Bruce is a great example of our vision to develop the Mays Transformational Leader: Responsible, ethical leaders with entrepreneurial mindsets and vision, who have strong business competencies and personify selfless service.”
Broussard joined Humana as president in December 2011 and became chief executive officer on Jan. 1, 2013. Under his leadership, Humana is creating an integrated care delivery model that is expected to drive lower costs, enhanced quality, improved outcomes and a better member experience. With its holistic approach, Humana is dedicated to improving the health of the communities it serves by making it easy for people to achieve their best health.
Broussard brings to Humana a wide range of executive leadership experience in publicly traded and private organizations within a variety of healthcare sectors, including oncology, pharmaceuticals, assisted living/senior housing, home care, physician practice management, surgical centers and dental networks.
Broussard’s visit is part of an effort at Mays Business School to disseminate impactful knowledge to the Texas A&M University campus and beyond. Past speakers have included Cigna Corporation president and CEO David Cordani, Halliburton President Jeff Miller and Dean’s Distinguished Scholars VK Kumar, a marketing visionary, and Luk Van Wassenhove, a supply chain thought leader.
Paid parking is available nearby in Lot 72 of the Texas A&M University campus.

Categories: Alumni, Executive Speakers, Featured Stories, Finance, Former Students, Mays Business, News, Texas A&M

The Mays Business School’s interdisciplinary Master of Science in Finance (MSF) Program (“STEM to Stocks”) kicked off its 2016-2017 program year with an orientation on Aug. 8. This year’s class is the largest yet, at 77 students, including 40 Texas A&M undergraduates who are taking advantage of the program’s Accelerated Admissions (4+1) option. The mission of the MSF is to help students with non-finance undergraduate degrees launch finance-related careers.

MSF Program Director Kevin Moore and Assistant Director Allison Hayes were joined at the orientation by Arvind Mahajan, the newly appointed Associate Dean of Graduate Programs, and Sorin Sorescu, head of the Department of Finance. Kristi Shryock, Executive Director of Interdisciplinary Engineering Programs, joined the orientation to award almost $35,000 in program scholarships earned by Texas A&M engineering students.

The students also met the program’s Career Management Center team, including Director Kim Austin, Associate Director Desiree Wilson and Associate Director for MS Programs Mitch Lederman, as well as Senior Career Coordinator Lisa Burton. Last year, the program achieved 94 percent full-time job placement and 100 percent internship placement for domestic students.

Categories: Finance, Mays Business, News, Programs, Students, Texas A&M

Dwight Garey ’67 has joined the Commercial Banking Program at Mays Business School as executive director. He will lead the program, which provides well-trained talent to the banking industry while introducing Texas A&M University students to outstanding career opportunities. The program combines academics and industry exposure, and every student enrolls in a summer internship.

Garey is an executive professor in the Department of Finance at Mays. He will teach banking-related courses in Commercial Credit, Enterprise Risk Management, and Sales of Financial Products and Services. In addition, as executive director, Dwight will promote the mission of the Commercial Banking Program with a focus on increasing enrollments and revenue generation.

He was involved in the formation of the Commercial Banking Program. From the beginning, he served on the Executive Council of the Banking Advisory Board, and was head of the program’s Bank Membership Committee. …Read more

Categories: Departments, Faculty, Finance, Mays Business, News, Staff, Texas A&M