Financial Services program receives Innovation in Business Education Award Wright State University’s Raj Soin College of Business has been awarded the 2010 Innovation in Business Education Award from the AACSB Mid-Continent East Association of Deans. AACSB, the Association to Advance Collegiate Schools of Business, honored the college for innovation in its Department of Finance and Financial Services.
Accepting the award for Wright State was Bill Wood, a lecturer in the department, whose innovative course, Practicum in Financial Planning, gives undergraduate students the opportunity to develop a financial plan for clients who volunteer from the university community.
“Mr. Wood has not only found an innovative way to challenge his students, he has also provided a valuable service to the community,” said WSU President David R. Hopkins. “It’s this kind of educational experience that Wright State is becoming known for.”
Wood’s program is one of three award winners recognized among 29 applicants for its creative approach in teaching and preparing business professionals.
“Mr. Wood’s enthusiastic and innovative teaching style is well deserving of this honor. We feel strongly that it is this attention to the professional competencies of our students that has allowed our financial services students to be finalists in the Ameriprise Financial Planning Case Competitions five years running and take top prize three times,” said Marlena Akhbari, chair of the Department of Finance and Financial Services. “We have also noticed high rates of placement and increased employer satisfaction with our students’ ability to ‘hit the ground running’ upon graduation.”
The Financial Planning Practicum delivers real-life experience for the students and real-life benefit to the clients. “Students do the same work that financial planners across the country do for their clients daily,” said Wood. “This, along with numerous internship experiences and the leading-edge technology in our Soin Trading Room, definitely give our graduates a competitive edge when they graduate.”
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