Category: Business News

Business News

Delta Mu Delta Induction 2016

Students Inducted Delta Mu Delta Society

The Division of Business is proud to present the fifteen students who were inducted into the international business administration honor society, Delta Mu Delta.  Caldwell University instituted its Lambda Psi Chapter of Delta Mu Delta in 2009.  In order to qualify for this prestigious society, students must have completed at least half of their coursework and maintain a GPA in the top 20% of their class.

2016 Inductees

Ayro Jan Batilaran
Sieuwerd Blankenstein
James Ciabattoni
Joseph DiCarlo
Debora Eiden
Megan Gerali
Michael Kelley
Brian Kenny
Hritesh Regmi
Steven Riley
Sobner Romain
Ilea Scritchfield
Shyam Sharma
Abigail Sobieski
Thomas Worgul

Each year, an honorary member who exhibits excellence in business and maintains strong ties to Caldwell University’s Business programs is inducted into the society.  John P. Crawford is the founder and principal of the Timely Ideas Corporation.  Over the last 18 years, John has worked with global organizations such as Pfizer, Pearson, Tyco, ITT and Bristol-Myers Squibb.  Prior to that, he worked for a variety of fast-moving technology service companies where he served in a range of senior marketing and management roles designed to drive sales, improve collaboration and promote growth.  He is a member of the Caldwell University Board of Trustees and the Caldwell University Business Advisory Council.

John P. Crawford and Bernie O’Rourke

The purposes of Delta Mu Delta are to promote higher scholarship in training for business and to recognize and reward scholastic attainment in business subjects.  Delta Mu Delta membership provides recognition for a lifetime.  It is the highest national recognition a business student can earn.

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Lauren Engelhardt on track for success at Lake Hopatcong tech company

When it comes to business, Lauren Engelhardt doesn’t mince words.

She attributes much of her professional success to being outspoken and backing up those words with hard work. As vice president of Stascom Technologies — an information technology firm based in the Lake Hopatcong section of Jefferson Township — Engelhardt knows all too well the adage of saying what you mean and meaning what you say.

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Caldwell’s Accounting Degree Program Ranked Among Top 10 in New Jersey

Caldwell, N.J., Nov. 12, 2015- Caldwell University’s Accounting Degree Program has been ranked among the Top 10 Undergraduate Accounting Programs for the state of New Jersey by Accounting Degree Review.

“We are delighted to learn of our ranking among the Top 10 accounting programs in New Jersey,” said Professor Bernard O’Rourke, associate dean of the Business Division at Caldwell.
Caldwell offers a bachelor’s degree in accounting and a combined B.S. /M.S. in accounting.

“This recognition speaks to the strength of our accounting program. Over the years many of our students have achieved at a superiorlevel in the CPA exam and also demonstrated their abilities by advancing to quality jobs in the world of accounting.”

He noted that because faculty serve in leadership positions at the NJ Society of CPAs and the American Institute of CPAs, the department is able to keep in close touch with professional activities and trends

O’Rourke said Caldwell has been selected as one of the few schools nation-wide whose students were invited to participate in a recent field test of the proposed new Uniform CPA Examination. “Our accounting faculty are all active practitioners with extensive experience and this, together with our strong push for internships, greatly benefits our students,” said O’Rourke.

Accounting Degree Review says the creation of their top 10 list of best undergraduate accounting programs in New Jersey was formulated by reviewing how each school ranked in websites and publications like BYUBloomberg BusinessUS News and World ReportLinkedInForbes,Princeton ReviewTaxTalent, and College Factual. They also say that programmatic accreditation of the schools was a factor.

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Sports Industry Leaders to Speak at Caldwell University

William Heller, senior vice president and general counsel for the New York Giants

William Heller, senior vice president and general counsel for the New York Giants, will speak at Caldwell University’s panel session “Perspectives on Launching a Successful Career in Sports,” 6:30 p.m. Wednesday, Oct. 7.

Panel to include NY Giants, NBA and North American Soccer League Professionals

Caldwell University will hold its inaugural Sport Industry Leaders Series panel, titled “Perspectives on Launching a Successful Career in Sports,” 6:30 p.m. Wednesday, Oct. 7, at the Alumni Theater on campus.

The panel session, sponsored by the university’s Division of Business, will bring together four leaders in the sports and entertainment field for a discussion of issues in seeking and managing a career in sports.

The event will feature William Heller and Carly Warren of the New York Giants, Jack Bell of the North American Soccer League and John Zisa of the NBA.

Heller is senior vice president and general counsel for the Giants. As the team’s chief legal officer, he is involved in all aspects of the Giants’ business, from labor and employment, to sponsorships, naming rights, licensing, entertainment and other contracts, to assistance with the legal aspects of football operations. He reports directly to the team’s president and chief executive officer, John K. Mara. During his 32-year legal career, Heller has worked at major law firms throughout New Jersey.

Carly Warren is the premium services coordinator for the Giants. She is responsible for providing hospitality services to all Giants suite partners from invoicing to event planning. Her career path to the Giants began in Florida where she worked in event management as an intern for the Gator Bowl. Warren began her career in the ticket office, selling ticket packages and doing promotions for the Jacksonville Jaguars. She also worked for a local minor league baseball team. She continued to develop her skills as a manager for Enterprise Rent-A-Car.  Her hard work and determination allowed her to rise through the ranks and led to her supervisory position with the Giants. Warren earned a master’s degree in sports administration from Fairleigh Dickinson University.

Jack Bell is a senior media specialist for the North American Soccer League. Before joining the organization, Bell spent 24 years as an editor and writer in the sports department at the New York Times. At the Times, he wrote the weekly soccer report for the print publication for almost 15 years and more recently edited and wrote for the popular Goal blog on the paper’s website. Before being recruited by the Times, Bell worked as a journalist with publications in the United States and Australia. A Long Island native, Bell played soccer scholastically in Seaford and Rockville Centre, New York. He is a graduate of the University of Wisconsin.

John Zisa is entering his fourth season with the NBA referee operations department. Zisa learned early in his career serving in the operations department of the New Jersey Nets that he should acquire and develop skills in multiple areas within the organization. These lessons provided him the opportunity to move to the NBA corporate office where his duties include research and development, overseeing the game reviewer program, referee training and development, scouting and referee candidate identification and event management. Zisa has been integral in the roll-out of the NBA instant replay system. He also serves as executive vice president of Cutting Edge Sports Management, hosts of the Dream Bowl.

The panel session will feature comments from the speakers and a Q&A with the audience and will be moderated by Adjunct Professor of Sport Management Neil Malvone. Dr. Bernard C. O’Rourke, associate dean of the Business Division, was active in bringing the sport management program to Caldwell University, and he believes this series will “help bring heightened awareness of sport management here at Caldwell University.” He looks forward to continuing the Sport Industry Leaders Series in future semesters.

Admission to the lecture is free, and light refreshments will be served following the event.

For further information, contact Ilene DeMaio at or 973-618-3255.

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Alumna Shares Award-Winning Internship Program with Caldwell University Student

Shyam Sharma - a junior at Caldwell University and Tilcon NY Inc.’s first human resources intern
Shyam Sharma at Tilcon NY Inc

Driving through Tilcon NY Inc.’s Mount Hope Quarry is a little like driving onto the moon. A vast landscape of rock face overlooking mounds of mined aggregate materials, continuously processed by giant, spider-like machinery, the 600-acre mining facility is like something out of a 1980s science fiction flick about lunar colonies. A far cry from Caldwell University’s pristine, wooded campus (though it’s only about 17 miles away), this is where Caldwell University student Shyam Sharma spent his summer break as Tilcon NY Inc.’s first human resources intern.

Sharma, a junior at Caldwell, hails from Lodi, New Jersey. Recently elected president of the Caldwell University Student Government Association, Sharma learned of the internship opportunity through the Caldwell University Business Advisory Council through which he was introduced to Caldwell alumna, and Veritas Award winner, Anne Poltorak ’78. Poltorak,  human resources manager for Tilcon NY Inc., who has served on the council, helped to create the award-winning internship program to fill a gap in the talent pool.

“It was a struggle for us to attract qualified candidates to this area,” she noted, “especially when the bigger mining and engineering schools are out of state. In addition, it’s not a glamorous industry. You’re outside. It’s hot one day, cold the next, dirty and dusty.” Poltorak described many instances in which the company would hire qualified candidates for positions, only for those employees to leave within months thanks in large part to the high cost of living and the quickpaced lifestyle for which the tristate area is known. “Folks just didn’t want to stick around when they saw the housing prices and taxes.” The solution, the company found, was to look to local talent and introduce them to the industry. Now the companyworks with local schools with hard-hitting engineering programs like Rutgers University and NJIT.

The program offers students, ideally beginning the summer between their freshman and sophomore years, the opportunity for hands-on training at work sites. Between their sophomore and junior years, students get more technical training, and finally, between their junior and senior years, they learn about the back-office operations, like finance and accounting. The program thus provides students with a well-rounded introduction to mining operations, while giving the company an opportunity to decide if the interns would be a good fit as full-time employees upon graduation. Most of them are, and many of the supervisors on staff came up through those ranks.

When Tilcon NY Inc.’s New Jersey president Sean O’Sullivan, wanted to expand the program to include human resources, Poltorak jumped at the chance to look to Caldwell University for qualified candidates. “I know the values and the type of education Caldwell University instills in its students,” explained Poltorak, who holds a degree in business administration. “The liberal arts-based education I received at Caldwell helped open my eyes to so many different areas. I wasn’t just focused on one thing, and I could take the skills I learned with me. I know that education prepared me to take on everything I have had to do, even now. So when I told my president I was going to look at my alma mater first, he told me he would expect nothing less from me.”

Sharma feels strongly that he will benefit from his experiences with Tilcon NY Inc. Majoring in business  administration with minors in marketing, pre-law and political science, Sharma jumped at the chance to train in such a diverse climate with a successful alumna. “Everyone here has been great and I’m experiencing new things every day,” he said. From designing informational brochures to compiling data for labor negotiations, Sharma is gaining real-world, practical skills. He too credits his ability to move easily between various tasks to the type of education he is receiving at Caldwell University and refers to Caldwell graduates as “amazing products.” Sharma overlooking active mining operations at Tilcon NY Inc.’s Mount Hope Quarry. The quarry produces aggregate materials used in asphalt, electric wiring, toilets, gutters, nails, door knobs, sewer pipes, toothpaste, water glasses, pencils and baby powder. The materials mined from Mount Hope Quarry are all (quite literally) made in the USA. Sharma and Anne Poltorak ’78 at Tilcon NY Inc.’s New Jersey corporate office.

Indeed, Caldwell University continues to pride itself on its amazing products. “As alumni leaders continue to distinguish themselves through support to their alma mater, Caldwell University keeps growing stronger,” said Kevin Boyle, vice president for development and alumni affairs. “Bringing internship opportunities to our students is one way alumni can have a direct impact on the lives of our students. We know for a fact that Anne’s contribution to Shyam’s education will only bolster the likelihood of his success in the future. We are proud of such connections and look forward to the day students who are currently benefiting from these opportunities, like Shyam, return to Caldwell as alumni to give back in their own ways.”

In the meantime, Sharma, who is set to graduate in 2017, will work hard and continue to take advantage of the
opportunities before him while shooting for (or working from) the moon.

Internship opportunities are available to students of all majors and in a limitless variety of fields. To learn more about how you can connect with qualified students to fill internship opportunities in you organization, contact the Career Planning and Development Office at 973-618-3290

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Caldwell Offering Fully Online Business Administration Degree

Caldwell, N.J., July 22, 2015 – Students interested in pursuing an online bachelor’s degree in Business Administration will now have that option at Caldwell University. The fully online program provides students with the flexibility of working on their degree at the convenience of their own schedules “anytime, anywhere,” explains Professor Bernard O’Rourke, associate dean of the business division.

The ease and flexibility of being able to pursue studies along with balancing family, work, and other responsibilities makes this program very attractive to students today.

The 120 credit program offers the same “enriching classes and academic rigor” as the on campus program, says O’Rourke. There are a broad array of classes in economics, accounting, marketing, management, finance, business communications, and more. Students also have the option of choosing to take classes on campus when personal preferences permit. The B.S. degree in business administration is accredited nationally by the Accreditation Council for Business Schools & Programs (ACBSP), attesting to the quality of the program and the teaching excellence within the business department.

The online B.S. in business administration will start in the fall of 2015 becoming Caldwell’s ninth fully online degree program.

For information contact the Caldwell University Admissions Department at

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Delta Mu Delta Induction 2015

Receipents of Delta Mu Delta Induction and the Buisness Department Faculty

The Division of Business is proud to present the twenty three students who were inducted into the international business administration honor society, Delta Mu Delta. Caldwell University is a member of the Lambda Psi Chapter of Delta Mu Delta. In order to qualify for this prestigious society, students must have completed at least half of their coursework and maintain a GPA in the top 20% of their class.

2015 Inductees

Andrews Alves Barros

Santiago Benites

Kieran Bisland

Kyra C. Climbingbear

Roman A. Diduch

Nicholas John Gordon

Robert Humes

Kristin Blair Kelley

Elena Klarberg

Jessica Theresa Lehman

Timothy Tyler Maloney

Rocco Maltese

Kyle John McNabb

Aline Moretti de Carvalho

Ingrid A. Nimoh

Upama Shrestha

Emily Marie Slater

Gina M. Vera

Nicole Vitabile

Salvatore Joseph Vitello, Jr.

Kevin M. Walsh

Nikolle Marie Wisniewski

Jennifer L. Young

Each year, an honorary member who exhibits excellence in business and maintains strong ties to the Caldwell University is inducted into the society. The Lambda Psi Chapter inducted Professor Matthew Mustachio as the 2015 Honorary Member. Professor Mustachio has over thirty years of experience in international marketing, working for companies such as Purolator, Pyrotronics (Division of Borg Warner), CPC International, Western Industries, Ricoh Corporation, Samsung Electronics, PNY Technologies, and CASIO USA. He has been an accomplished adjunct professor of marketing at Caldwell University since 1999.Delta Mu Delta Mustachio 2015

The purposes of Delta Mu Delta are to promote higher scholarship in training for business and to recognize and reward scholastic attainment in business subjects. Delta Mu Delta membership provides recognition for a lifetime. It is the highest national recognition a business student can earn.

Business News

Caldwell University’s Sport Management Program

By Bernard O’Rourke, J.D.

Sport management is the latest addition to Caldwell University’s business programs. (While its official title is sport management, most people add an “s” and make it “sports management.”) The program got off to a successful start, with over 20 students enrolled in the first course offered this past fall semester. Our students are very enthusiastic; for example, Michael Balkovic, a senior management major and basketball team starter, told us, “Once I heard that Caldwell would be offering sport management, I wanted to take it right away. Now that it’s here, I love the class! The sport management program will definitely help me in attaining my career goals.”

The program introduces students to the fundamentals of sport as a business, and they also take specialized courses in sport marketing and communications and in facilities management and operations. With 14 major league professional sports franchises located in the New York/New Jersey metro area, Caldwell is well positioned to offer students a total package of sport business-related academic and career opportunities. The Business Division is very keen that students integrate internships into their programs, and for this purpose we are developing affiliations with teams such as the New Jersey Devils, the New York Mets, and the New York Red Bulls. With a background in sport management, our graduates will have the opportunity to pursue careers in sport marketing and sponsorship, sport media, and sport operations on the professional level. Beyond major league sports, this growing area offers careers in the administration of minor league, collegiate, high school and recreational sports programs. While athletes provide the majority of students in sport management, the non-athlete population has quickly shown an interest as well.

According to Forbes Magazine, the sports industry in the United States is projected to grow to $145.3 billion by 2015. Careers in the industry are growing faster than 15 percent annually. Sport management education programs have come a long way over the last 30 years. From 1980 to 2010, the number of undergraduate programs in sport management increased from three to over 300.

Caldwell’s program has recruited experienced adjunct professors immersed in the business of sport who run their own successful sport management companies. According to Neil Malvone, adjunct professor of sport management and founder of Cutting Edge Sports Management, “The new sport management program has been exceptionally well received by the students here at Caldwell University. They really enjoy the opportunity to apply business concepts to the sport industry. Indeed, I see my students improving their understanding of core business issues as they incorporate the lively world of sport business into their classes.”

Caldwell business administration majors can obtain a concentration in sport management by taking 12 additional credits. Sport management is available as a concentration for business administration majors or as a minor for all other majors.

Bernard O’Rourke, J.D., is associate dean of the Business Division.

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Caldwell Offering Fully Online MBA Program

Caldwell Students Taking Online Classes

Caldwell University is set to offer a fully online master’s in business administration program, beginning in the summer of 2015.

“Our students in the general MBA and accounting concentrations will now have the  flexibility to study anytime, anywhere, any place through the convenience of this online program,” said Bernard O’Rourke, J.D., associate dean of the business division.

The students receive all the benefits of the traditional program including advisors who walk them through every step of the 39-credit program. The content of the program and the requirements are as rigorous as the MBA program offered on campus.  O’Rourke said the program aims to integrate the latest trends in business technology into a well-rounded graduate business degree. “While the program can be completed fully online, students can also avail themselves of on-campus orientations and an international short-study trip which focuses on global management,” he said.

The Caldwell MBA program was developed to provide career-building skills for professionals, enabling them to meet the challenges of the 21st-century business world. At the same time, the MBA provides ample flexibility and a personal approach to accommodate the busy lives of   graduate students with careers, families and other responsibilities. Applications are now being accepted for the online MBA program.

This is the fourth fully online degree program and seventh online program offered by Caldwell University. Caldwell currently offers fully online bachelor degree programs in psychology and an RN to Bachelor of Science in Nursing program as well as an M.A. in educational administration. Three certification programs in education are also offered online: principal certification, supervisor certification and superintendent certification.