Access. Excellence. Innovation.

W. P. Carey 2023-2024 Annual Report

ASU W. P. Carey School of Business logo

W. P. Carey Indigenous Land Acknowledgment

W. P. Carey
Indigenous Land Acknowledgment
The W. P. Carey School of Business acknowledges the 22 Tribal nations that have inhabited this land for centuries. Arizona State University’s four campuses are located in the Salt River Valley on ancestral homelands of many Indigenous peoples, including the Akimel O’odham (Pima) and Pee Posh (Maricopa), whose care and keeping of these lands allows us to be here today and provides a guide for our relationship with these lands in the future. W. P. Carey acknowledges the sovereignty of these tribal nations and seeks to foster an environment of success and possibility for American Indian students, and to work alongside Indigenous people in business practices and knowledges that support Native experiences and prosperity.

Letter from the dean

Dear colleagues and friends,

As we reflect on another year, we at the W. P. Carey School feel energized. Over the past academic year, we moved from planning to action on our five year strategic plan, titled “Transforming the World through Access, Excellence, and Innovation in Business Knowledge” — launching new programs, developing new partnerships, and diving into innovative changes in education and business. Our commitment to positive societal impact and serving our community is deeper than ever. We have much to be proud of, while recognizing another year of growth is ahead.

Our annual report for the 2023-2024 academic year details both where we are as an organization today, and the direction in which we are headed. It celebrates our global community of W. P. Carey students, alumni, and supporters, and acknowledges that our success is only possible through the hard work and collaboration we receive from our broader community.

Through our joint efforts, we will continue our endeavor to be among the best business schools in the world, all while being a place Where Business is Personal.®

Regards,

Ohad Kadan signature
Ohad Kadan
Charles J. Robel Dean
Professor of Finance and W. P. Carey Distinguished Chair
W. P. Carey School of Business | Arizona State University
Ohad Kadan in suit with arms crossed smiling

Vision Mission

W. P. Carey Vision: Access, Excellence, and Innovation

Vision

We transform the world through access, excellence, and innovation in business knowledge. We are the W. P. Carey School of Business, Where Business is Personal.®

Mission

Education, Research, Engagement: Access, Excellence, and Innovation
W. P. Carey sparks positive change in business and society on a global scale by:

  • Educating students and growing talent to enrich and lead organizations
  • Producing groundbreaking and impactful research
  • Engaging actively with business, government, communities, and our campus

Strategic Plan: Key updates

Artificial intelligence (AI), data, and technology

  • Launched new programs focused on artificial intelligence, including a master’s and bachelor’s in AI in business, an MBA concentration, and an executive education certificate
  • Launched our new Center for AI and Data Analytics (AIDA) for Business and Society, focusing on mindful implementation of AI technologies and practices
  • Welcomed Olivia Liu Sheng, W. P. Carey Distinguished Chair in Business, a worldwide expert in AI and machine learning
  • Developed Dreamscape Learn virtual reality learning experiences, including W. P. Carey Coffee Shop, where students experiment with supply chain principles
  • Opened the new W. P. Carey School of Technology, Innovation, and Entrepreneurship on the West Valley campus

Executive Education

  • Launched 15 open enrollment executive education programs teaching new skills to 1,700+ learners
  • Partnered with local, national, and global organizations to offer 12 custom programs serving 800+ learners
  • Celebrated triple digit growth year-over-year for open enrollment and custom programs
  • The AZNext and Digital Workforce Apprenticeship Program served 1,800+ learners in 2023

Graduate programs

  • Developed new, in-demand degree programs, including the first master’s in AI from a U.S. business school, an in-person master’s degree in supply chain management, and a new Doctor of Business Administration in supply chain management
  • Offered new, flexible degree options, including the online master’s degree in accounting, a one-night-a-week Evening MBA, and additional intakes for some graduate programs
  • Increased international access by accepting three-year bachelor’s degrees and expanding international partnerships with partners like Cintana and Khalifa University
professor giving lecture in a college classroom
group of professors using a tape measure
ribbon cutting for the FAR Lab

Financial access and inclusion

  • Partnered with the Phoenix Union High School District to provide dual enrollment financial literacy coursework to local high school students
  • Opened the Charles Schwab Financial Access and Research Lab, expanding access to state-of-the-art finance tools, including Bloomberg terminals
  • Launched new Bachelor of Science in financial technology degree at the Polytechnic campus
two men shaking hands during a presentation
professors in the new FAR Lab

Positive Societal Impact

  • Launched the Center for Responsible Investing and the New Governance Lab to lead research and practice in arenas of societal impact, including environment, society, and governance, and enabling greater collaboration between academics and practitioners
  • Partnered with the Televerde Foundation on PATHS (Prepare, Achieve, and Transform for Healthy Success) prison education program, teaching skills in personal wellness, workplace readiness, employment strategies, mentoring, financial literacy and lifelong learning; women who earn a C or better receive credit through the ASU Universal Learner program
  • With $1 million dollars in funding from their first major National Science Foundation grant, the Global Center for Technology Transfer (GCTT) and colleagues from Navajo Technical University will develop geographically distributed microfactories and technology centers in the Navajo Nation.
  • Initiated new Inclusive Excellence Research Summit to guide interdisciplinary conversations on issues of inclusion.
people standing at the front of a college classroom during a lecture
man standing in front of a projector screen during a presentation

Core Tenets

W. P. Carey both educates and operates in a manner that is consistent with the following Core Tenets:

  • Providing access to business education is foundational
  • We embrace modern technology in our curriculum and operations
  • We actively recruit, retain, and develop top talent
  • We seek excellence by pushing the frontier in our research and requiring world-class relevance and rigor in our classes
  • Entrepreneurship and innovation are key to our curriculum but also to how we deliver it
  • We are global in what we teach and where we operate
  • Values, positive societal impact, and inclusivity are at the heart of what we do
  • We collaborate across disciplines
  • We actively engage with industries and communities
  • We do all of that while keeping a “business is personal” mindset

Global education and impact

The W. P. Carey School of Business knows the problems facing the world are better tackled head-on, and together. We welcome students from more than 100 countries, encourage study abroad across all programs, partner with universities across three continents, and collaborate on research that impacts everyone.
1,849
International undergraduate students
100+
countries with active W. P. Carey alumni
800+
undergraduates completed a study abroad experience*
*academic year 2023-2024

China

The W. P. Carey School has partnered with Chinese universities for more than 20 years. The school boasts one of the first and longest-standing higher education relationships with China — a legacy that continues to provide global benefit and enhance cross-cultural cooperation through 1,865* degrees to date.
*As of Dec. 2023

EMBA in Shanghai

  • Ranked No. 12 in the world by Financial Times
  • In 2005, the first W. P. Carey EMBA in Shanghai graduates received the first ASU degrees to be conferred outside of Arizona

Doctorate of Business Administration

  • First American DBA offered in China

Master of Science in Management (MiM)

Mexico

This new international partnership welcomed its third cohort of 23 students.

EGADE — W. P. Carey Executive MBA

  • Courses taught by faculty of both schools in Mexico City, with immersion sessions on the ASU Tempe campus
  • Ranked No. 16 Joint Executive MBA worldwide by QS rankings

Study abroad snapshot

In the 2023-24 academic year, more than 800 W. P. Carey students completed a study abroad experience.
map of the world with four specific pinpoints made
1. Business in Costa Rica
Business in Costa Rica with visits to local coffee companies
2. Cannes Lions Festival of Creativity
Students study how international brands develop winning creative strategy
3. Business Law & Ethics (LES 305) in Florence
LES 305 content with discussion of Italian businesst laws, such as IP protection of fashion
4. Supply Chain Management: Singapore and Vietnam
Focus on global procurement, logistics, strategy, network design, and, reverse logistics of a global supply chain
silhouette of an airplane

Full-time MBA flies to Japan

Study abroad opportunities lead to new perspectives, growth in self-confidence, increased resilience, and global networking. Members of the W. P. Carey Full-time MBA completed a hybrid study abroad program to Japan over the course of a semester — spending 15 weeks learning about international business, Japanese language, history, and etiquette, and partaking in cultural experiences such as origami. Then, 30 students spent an immersive week in Japan to cement and celebrate all they had learned.

Hybrid study abroad programs allow more students to experience the benefits of global education, combining the access and excellence for which W. P. Carey is known.

CARISCA

Center for Applied Research and Innovation in Supply Chain
CARISCA - Center for Applied Research and Innovation in Supply Chain
  • A global center for supply chain research in Ghana
  • Partnership with Kwame Nkrumah University of Science and Technology (KNUST)
  • Five-year, $15M project funded by USAID BRIDGE-Train program (June 2020 to June 2025)
CARISCA’s key objective is to support higher education institutions in building the capacity necessary to provide best-in-class degree programs and training, facilitate research translation and utilization, engage stakeholders in best practices and policy changes that strengthen supply chains, and increase inclusion and impact for women in supply chain management.

Departments

Academic disciplines

School of Accountancy
Morrison School of Agribusiness
Department of Economics
Department of Finance
Department of Information Systems
Department of Management and Entrepreneurship
Department of Marketing
Department of Supply Chain Management
School of Technology, Innovation, and Entrepreneurship

ASU interdisciplinary partners

Barrett, The Honors College
College of Liberal Arts and Sciences
Watts College of Public Service and Community Solutions
Del E. Webb School of Construction
Herberger Institute for Design and the Arts
Ira A. Fulton Schools of Engineering
Julie Ann Wrigley Global Futures Laboratory
Sandra Day O’Connor College of Law
Thunderbird School of Global Management
Walter Cronkite School of Journalism and Mass Communication
Landscape photograph of a ASU W.P. Carey School of Business building on the Tempe, Arizona campus during the day

Research with impact

The W. P. Carey School is home to more than 20 research centers and labs, working with government agencies, regulatory bodies, public and privately-held firms, academic institutions, and nonprofit organizations to study economies, benchmark industry practices, and identify emerging business issues that impact global issues.

Research centers

Center for Advanced Procurement Strategy (CAPS)
Center for Applied Research and Innovation in Supply Chain – Africa (CARISCA)
Center for AI and Data Analytics (AIDA) for Business and Society
Center for Competitiveness and Prosperity Research
Center for Entrepreneurship and New Business Design
Center for Environmental Economics and Sustainability Policy
Center for Responsible Investing
Center for Real Estate Theory and Practice
Center for Services Leadership (CSL)
Global Center for Technology Transfer
JP Morgan Chase Economic Outlook Center
L. William Seidman Research Institute

Research labs

Actionable Analytics Lab
Blockchain Research Lab
Charles Schwab Foundation Financial Access and Research (FAR) Lab
Complex Adaptive Supply Networks Research Accelerator (CASN-RA)
Digital Society Initiative
Food and Agribusiness Lab (FAB Lab)
Frontier Economies Logistics Lab
Internet Edge Supply Chain Lab
Knight-Swift Logistics Lab
Management Behavioral Lab
New Governance Lab
Robert B. Cialdini Behavioral Research Lab
Small and Medium-Sized Business Lab
Supply Chain Management Behavioral Lab

ASU Interdisciplinary Research Partnerships

Julie Ann Wrigley Global Futures Laboratory®
The Difference Engine: An ASU Center for the Future of Equality

Programs

Reframing business education

Each year, the W. P. Carey School of Business welcomes thousands of students from nearly 100 countries. Their diversity, passion, and global thinking will drive new ideas for decades to come.

To meet the demands of our students and the marketplace, we constantly evaluate and introduce degree options and flexible formats to ensure that a quality business education is always within reach. And we leverage ASU’s approach to interdisciplinary education, tapping into the expertise of schools and colleges across the New American University — engineering, law, design, communication, sustainability, and more.

Undergraduate

Bachelor of Arts degrees

Agribusiness innovation and technology
Applied business and technology solutions
Business administration
Communication
Corporate accounting
Entrepreneurial leadership
Financial planning
Food industry management
Global leadership
Global logistics management
Global politics
Health care
Human resources
Information security
Language and culture
Law
Public service and public policy
Retail management
Sports business
Statistics
Sustainability
Technology
Tourism

Bachelor of Science degrees

Accountancy
Artificial intelligence in business†
Business data analytics
Business entrepreneurship
Computer information systems
Economics
Finance
Financial technology†
Management
Marketing
Marketing — Digital and integrated marketing communications
Marketing — Professional sales
Supply chain management

Minors

Business
Real estate
Close-up landscape photograph perspective of six ASU W.P. Carey School of Business graduating students smiling in an elated manner dressed in their maroon gowns and caps with maroon/gold colored tassels plus gold colored honor ribbons on their shoulders alongside custom necklaces/hawaiian style leis

Graduate

Master of Business Administration (MBA)

Evening MBA
Executive MBA
Full-time MBA
Online MBA

Specialized master’s degrees

Master of Accountancy and Data Analytics (MACC)
Online MACC
Master of Science in Artificial Intelligence in Business (MS-AIB)†
Master of Science in Business Analytics (MS-BA)
Online MS-BA
Master of Science in Entrepreneurship and Innovation (MS-EI)***
Master of Science in Finance (MS-FIN)
Master of Science in Global Logistics (MS-GL)
Master of Science in Information Science Management (MS-ISM)
Master of Science in Supply Chain Management (MS-SCM)†
Online MS-SCM
Master of Real Estate Development (MRED)
Master of Taxation and Data Analytics (MTax)

*** Degree partnership with the Herberger Institute for Design and the Arts

Degrees offered internationally

Executive MBA (China)
EGADE — W. P. Carey Executive MBA (Mexico)****
Doctor of Business Administration (DBA) (China)
Master of Science in Management (MiM) (China)

**** Dual degree partnership with Tecnológico de Monterrey/EGADE Business School

Doctoral Programs

DBA in supply chain management†
PhD in business administration

Accountancy
Agribusiness
Finance
Information systems
Management
Marketing
Supply chain management

PhD in economics

†Degrees offered starting in Fall 2024

Consistently ranked among top business schools

The W. P. Carey School of Business delivers academic excellence while providing unparalleled access to education. One of the top business schools in the country, we’re highly ranked for programs, groundbreaking research, and student outcomes.

Academic programs

  • No. 3

    Online undergraduate business programs
    U.S. News & World Report

  • No. 3

    Online graduate business programs
    U.S. News & World Report

  • No. 4

    Online MBA programs for veterans
    U.S. News & World Report

  • No. 7

    Online MBA programs
    U.S. News & World Report

  • No. 18

    Executive MBA programs
    U.S. News & World Report

  • No. 28

    Part-time MBA programs
    U.S. News & World Report

  • No. 29

    Undergraduate business programs
    U.S. News & World Report

  • No. 32

    Full-time MBA programs
    U.S. News & World Report

  • No. 2

    Best MBA for operations
    The Princeton Review

  • No. 5

    Greatest resources for minority students
    The Princeton Review

  • No. 14

    Online MBA programs
    The Princeton Review

  • No. 24

    Best graduate entrepreneurship programs
    The Princeton Review

  • No. 12

    Executive MBA, worldwide (EMBA in Shanghai)
    Financial Times

  • No. 4

    Executive MBA, U.S.
    Poets & Quants

  • No. 34

    Full-time MBA, U.S.
    Poets & Quants

ASU logo cut out on frosted glass with a reflection

Undergraduate programs

  • No. 2

    Supply chain and logistics
    U.S. News & World Report

  • No. 9

    Analytics
    U.S. News & World Report

  • No. 9

    Management information systems
    U.S. News & World Report

  • No. 12

    Production/operations management
    U.S. News & World Report

  • No. 13

    Accounting
    U.S. News & World Report

  • No. 13

    Management
    U.S. News & World Report

  • No. 19

    Marketing
    U.S. News & World Report

  • No. 21

    Finance
    U.S. News & World Report

  • No. 24

    International business
    U.S. News & World Report

  • No. 27

    Entrepreneurship
    U.S. News & World Report

MBA specialties

  • No. 3

    General management, Online MBA programs
    U.S. News & World Report

  • No. 3

    Supply chain and logistics
    U.S. News & World Report

  • No. 4

    Marketing, Online MBA programs
    U.S. News & World Report

  • No. 4

    Business analytics, Online MBA programs
    U.S. News & World Report

  • No. 5

    Finance, Online MBA programs
    U.S. News & World Report

  • No. 6

    Information systems
    U.S. News & World Report

  • No. 8

    International business
    U.S. News & World Report

  • No. 9

    Project management
    U.S. News & World Report

  • No. 11

    Production/operations
    U.S. News & World Report

  • No. 14

    Business analytics
    U.S. News & World Report

  • No. 16

    Accounting
    U.S. News & World Report

  • No. 16

    Real Estate
    U.S. News & World Report

  • No. 19

    Management
    U.S. News & World Report

  • No. 21

    Entrepreneurship
    U.S. News & World Report

  • No. 27

    Marketing
    U.S. News & World Report

  • No. 6

    MBA for Entrepreneurship
    Poets & Quants

Academic subjects

  • No. 9

    Management
    Academic Ranking of World Universities

  • No. 12

    Business administration
    Academic Ranking of World Universities

  • No. 25

    Economics
    Academic Ranking of World Universities

  • No. 26

    Finance
    Academic Ranking of World Universities

Research

  • No. 5

    Management department research productivity, five-year total
    Texas A&M/University of Georgia Management Research Rankings

  • No. 8

    Information Systems department rankings, world wide research in MISQ, ISR, and JMIS, 2019-2023
    Association for Information Systems Research Rankings

  • No. 25

    Research productivity, worldwide
    University of Texas at Dallas Business School Research Productivity Rankings

  • No. 27

    Research, worldwide
    Financial Times

ASU repeatedly ranked No. 1

Global impact

From a nine-year streak at No. 1 in Innovation (U.S. News & World Report) to No. 1 in the U.S. for global impact (Times Higher Education) and sustainability practices (STARS), ASU is repeatedly ranked No. 1 in areas of impact.

2023-2024 New W. P. Carey Faculty

The W. P. Carey School of Business recruits top-notch faculty from an array of backgrounds, each who contributes to the school’s equal focus on access, excellence, and innovation in business knowledge.
Accountancy
Wanjia Zhao
Postdoctoral research scholar
Graduate degree: PhD in Accounting, Texas A&M University
Research interests: Reporting and disclosure choices, information spillover, firm fundamentals
Agribusiness
Vikrant Kamble
Postdoctoral Scholar
Graduate Degree: PhD in Economics, Georgia Institute of Technology
Research interests: Environmental and resources economics, development economics
Fei Qin
Postdoctoral Research Scholar
Graduate degree: PhD in Food Economics, Purdue University
Research interests: Agricultural economics, industrial organizations, development economics
Economics
Kwaku Addae-Ankrah
Clinical Assistant Professor
Previous position: Teaching Assistant Professor, NC A&T University; Teaching Assistant Professor, University of North Carolina (UNC – Chapel Hill)
Graduate degree: PhD in Economics, University of Delaware
Research interests: Macroeconomics, development macroeconomics, machine learning
Xincheng Qiu
Assistant Professor
Graduate degree: PhD in Economics, University of Pennsylvania
Research interests: Macro, Labor, Firms, Public
Kartik Verma
Clinical Assistant Professor
Previous position: Lecturer, Economics at State University of New York, Plattsburgh (SUNY Plattsburgh)
Graduate degree: PhD in Economics, The University of Utah
Research interests: Applied microeconomics, health economics, labor economics, development economics, caste and its economic consequences
Samuel Young
Assistant Professor
Previous position: Postdoctoral Researcher, U.S. Census Bureau
Graduate degree: PhD in Economics, Massachusetts Institute of Technology
Research interests: Labor economics: wages, firms, institutions, and regulations
Finance
Kimberly Winson-Geideman
Clinical Professor and Director, Division of Real Estate
Previous position: Associate Professor, University of Melbourne
Graduate degree: PhD in Urban Affairs, Cleveland State University
Research interests: Real estate, PropTech, housing, brownfields, content analysis
Finance
Ives Machiz
Clinical Assistant Professor
Previous position: Instructor, Kansas State University; Instructor, University of Kentucky
Graduate degree: PhD in Financial Planning, Kansas State University
Research interests: Financial education, financial literacy, financial planning, financial health/well-being
Information Systems
Jisu Cao
Assistant Professor
Previous position: Assistant Professor, University of Connecticut
Graduate degree: PhD in Economics, University of Southern California
Research interests: Economics of information systems, social media, e-commerce, causal inference
Olivia Lui Sheng
W. P. Carey Distinguished Professor in Business
Previous position: Presidential Professor, University of Utah
Graduate degree: PhD in Computer and Information Systems, University of Rochester
Research interests: machine learning, artificial intelligence, data analytics
Kan Xu
Assistant Professor
Graduate degree: PhD in Economics, University of Pennsylvania
Research interests: Transfer learning, bandit, reinforcement learning, natural language processing, high dimensional statistics causal inference
Jiding Zhang
Assistant Professor
Previous position: Assistant Professor, NYU Shanghai
Graduate degree: PhD in Operations, Information and Decisions, University of Pennsylvania
Research interests: Technology and finance, media/platform governance
Dragan Boscvic
Clinical Professor
Previous position: Distinguished Visiting Scholar, Stanford University; Head of Core Research, Media and Predictive Analytics, Google
Graduate degree: PhD in Electrical Engineering and Computer Science, University of Bath
Research interests: Cognitive networks, self-configuration, machine learning, social collective intelligence
Management and Entrepreneurship
Travis Howell
Assistant Professor
Previous position: Assistant Professor at UC Irvine
Graduate degree: PhD in Business Administration, University of North Carolina at Chapel Hill
Research interests: Entrepreneurship, founders, founding teams, coworking spaces
Seoin Yoon
Assistant Professor
Graduate degree: PhD in Management, Texas A&M University
Research interests: Workplace mistreatment, work-life issues, leader-follower relationships
students in a lecture hall
Carrie Wang
Clinical Assistant Professor
Graduate degree: PhD in Organizations and Management, University of California, Irvine
Research interests: Institutional work, relational work, knowledge transfer
Chuqiao Zhou
Postdoctoral research scholar
Graduate degree: PhD in Organization Theory, Rotterdam School of Management, Erasmus University
Research interests: Institutional theory, cross-cultural management, social evaluation, sensemaking, qualitative
Marketing
Joseph Ryoo
Assistant Professor
Previous position: Assistant Professor, City University of Hong Kong
Graduate degree: PhD in Marketing, The University of Western Ontario
Research interests: Unstructured data, online word-of-mouth, natural language processing
Supply Chain Management
Rafael Escamilla
Assistant Professor
Graduate degree: Joint PhD in Supply Chain Management, Tilburg University and Kuehne Logistics University
Research interests: Retail operations, emerging markets, supply chain management, digitization, operations-finance interface
Hale Erkan
Assistant Professor
Graduate degree: PhD in Operations Management, University of Texas at Austin
Research interests: Urban mobility, empirical operations management, sustainability
Ryan Kota
Clinical Assistant Professor with dual appointment in the Department of Marketing
Previous position: Clinical Assistant Professor, Southern Methodist University
Graduate degree: PhD in Sport Management, Florida State University
Research interests: Consumer behavior, fantasy sports, eSports, pickleball, underrepresented populations
students watching a professor point to something in a lecture hall

Editorships

Our faculty are at the helm of academic journals across disciplines — guiding conversations and understanding across business research and practice.

Accountancy

Jenny Brown: editor, Accounting Horizons; associate editor, Advances in Accounting
Andy Call: editor, The Accounting Review; editor, China Accounting and Finance Review
Pablo Casas-Arce: editor, Journal of Management Accounting Research, associate editor, Decision Sciences
Phil Lamoreaux: editor, Contemporary Accounting Research; editor, Accountability in a Sustainable World Quarterly
Michal Matejka: senior editor, Journal of Management Accounting Research; associate editor, Management Science
Janet Samuels: senior editor, Issues in Accounting Education

Agribusiness

Timothy J. Richards: co-editor, European Review of Agricultural Economics
Ashok K. Mishra: editor, Agricultural Economics: An International Journal; editor, Journal of Agribusiness in Developing and Emerging Economies; series editor, Routledge Studies in Agricultural Economics
Carola Grebitus: guest editor, Applied Economic Perspectives and Policy, co-editor, Q Open

Economics

Seung (Min) Ahn: associate editor, Econometric Reviews
Hector Chade: associate editor, Review of Economic Dynamics; associate editor, Journal of the European Economic Association
Domenico Ferraro: associate editor, Economic Modelling
Natalia Kovrijnykh: associate editor, Journal of Mathematical Economics
Nicholai Kuminoff: editor, Journal of the Association of Environmental and Resource Economists, board of editors, Review of Environmental Economics and Policy
Rajnish Mehra: co-editor, Annals of Finance; co-editor, Indian Growth and Development Review
Alvin Murphy: editor, Real Estate Economics; editorial board, Journal of Urban Economics
Kevin Reffett: associate editor, Journal of Public Economic Theory; associate editor, Journal of Dynamic Games and Applications; associate editor, Journal of Dynamics and Games
Edward Schlee: associate editor, Journal of Public Economic Theory; associate editor, Geneva Papers on Risk and Insurance Theory
Galina Vereshchagina: associate editor, Review of Economic Dynamics

Finance

George Aragon: associate editor, Journal of Financial and Quantitative Analysis
Ilona Babenko: associate editor, Journal of Corporate Finance
Tom Bates: associate editor, Journal of Corporate Finance
Hank Bessembinder: managing editor, Journal of Financial and Quantitative Analysis; associate editor at Journal of Financial Markets
Oliver Boguth: associate editor, Journal of Empirical Finance
Rawley Heimer: associate editor, Review of Corporate Finance Studies; associate editor, Financial Management; editorial board member, Financial Planning Review
Michael Hertzel: associate editor, Journal of Financial Research; associate editor, International Review of Finance
Denis Sosyura: associate editor, Journal of Financial and Quantitative Analysis
Sunil Wahal: associate editor, Journal of Banking and Finance

Information Systems

Dragan Boscovic: associate editor, ACM Distributed Ledger Technologies: Research and Practice
Pei-yu Chen: senior editor, Information Systems Research; associate editor, Management Science
Hong Guo: senior editor, Production and Operations Management
Xiao Liu: editorial review board, Information Systems Research
Olivia Liu Sheng: senior editor, Information Systems Research; senior editor, INFORMS Journal on Data Science
Oteng Ntsweng: associate editor, Communications of the Association for Information Systems
Asim Roy: senior editor, Big Data Analytics section, Cognitive Computation
Raghu Santanam: executive editor group, Information Systems Frontier
Benjamin Shao: senior editor, Decision Support Systems; senior editor, Electronic Commerce Research and Applications; associate editor, Information & Management; editorial review board, International Journal of Applied Metaheuristic Computing
Zhongju (John) Zhang: co-editor in chief, Information Technology and Management; senior editor, Production and Operations Management

Management and Entrepreneurship

Mike Baer: editor-in-chief, Organizational Behavior and Human Decision Processes
Trevis Certo: associate editor, Academy of Management Journal
Marcie LePine: associate editor, Group and Organization Management
Chris Neck: deputy editor, Journal of Leadership and Management
Christy Shropshire: associate editor, Academy of Management Review
David Waldman: associate editor, Academy of Management Collections
Ned Wellman: associate editor, Academy of Management Journal
Dave Welsh: associate editor, Personnel Psychology

Marketing

Andrea Morales: associate editor, Journal of Marketing; associate editor, Journal of Consumer Psychology
Amy Ostrom: associate editor, Journal of Service Research
Neeru Paharia: associate editor, Journal of Marketing

Supply Chain Management

Craig Carter: associate editor, Decision Sciences; senior editor, Journal of Business Logistics; associate editor, Journal of Operations Management; advising editor and editor emeritus, Journal of Supply Chain Management
Thomas Choi: associate editor, Journal of Business Logistics; associate editor, Journal of Supply Chain Management; senior editor, Production and Operations Management
Kevin Dooley: associate editor, Journal of Supply Chain Management; associate editor, Elementa: Science of the Anthropocene; associate editor, Nonlinear Dynamics, Psychology, and Life Sciences
Mahyar Eftekhar: senior editor, Production and Operations Management; associate editor, Manufacturing and Service Operations Management
John Fowler: associate editor, Journal of Scheduling; founding editor-in-chief, Applied Operations and Analytics
Thomas Kull: associate editor, Journal of Supply Chain Management
Hongmin Li: associate editor, Manufacturing and Service Operations Management
Gopalakrishnan Mohan: senior editor, AIIMS International (India); senior editor, Asian Journal of Case Research; associate editor, IIE Transactions on Healthcare Systems Engineering
Adegoke Oke: associate editor, International Journal of Operations and Production Management
Elliot Rabinovich: senior editor, Journal of Business Logistics; associate editor, Journal of Supply Chain Management; departmental editor, Journal of Operations Management
Dale Rogers: senior editor, Journal of Business Logistics; associate editor, Journal of Supply Chain Management; associate editor, International Journal of Logistics Management; senior editor, Rutgers Business Review
Verónica Villena: associate editor, Journal of Operations Management; senior editor, Production and Operations Management; associate editor, Decision Sciences Journal
Scott Webster: senior editor, Production and Operations Management; departmental editor, Decision Sciences Journal
Mikaella Polyviou: associate editor, Decision Sciences Journal; senior editor, Journal of Business Logistics
Michele Pfund: associate editor, Journal of Simulation
Heng Zhang: associate editor, Decision Sciences Journal
outdoor view of the W.P. Carey School of Business
outdoor aerial view of W.P. Carey School of Business
concrete wall with a sign saying W.P. Carey School of Business and two students strolling in the background
McCord Hall at dusk on the ASU campus in Tempe

W. P. Carey Facts & Figures

W. P. Carey

Data as of November 2023

Facts & Figures

W. P. Carey Facts & Figures

W. P. Carey

Facts & Figures

Data as of November 2023

  • 21,008

    W. P. Carey students

  • 19,468

    undergraduate students

  • 1,422

    MBA and master’s students

  • 222

    doctoral students

  • 5,469

    online students

  • 11,314

    nonresident students

  • 9,748

    undergraduate students from underrepresented populations

  • 2,408

    international students

  • 1,354

    transfer students

  • 3,894

    first-time first-year students

  • 5,111

    first-generation students

  • 134

    National Merit Scholars

  • 1,472

    honors-level undergraduate students

  • 5,218

    degrees conferred in 2022-2023 academic year

  • 128,634

    alumni

  • 159

    tenure or tenure-track faculty

  • 1,200+

    peer reviewed articles published between 2018-2023

  • 37

    undergraduate degrees

  • 30

    graduate degrees in three countries

The W. P. Carey Career Services Center

Because of their diverse backgrounds, experiences, and achievements, W. P. Carey students are highly sought after by regional, national, and international corporations. Their foundational knowledge, flexibility, leadership development, and drive—combined with world-class, innovative resources from the W. P. Carey Career Services Center—help deliver one of the highest employment rates for new graduates among U.S. business schools.

Undergraduate success*

84.3%

of undergraduate students actively seeking employment who secured full- or part-time employment 6 months post-graduation

$65,839

average full-time base starting salary 6 months post-graduation

*69.6%

of undergraduates submitted their first destination survey, a 17.6% increase from 2021, and 14.9% over the national average

Top employers

Amazon | Arizona State University | The Boeing Co. | Charles Schwab | Deloitte | Intel | JP Morgan Chase & Co. | Salt River Project | Starbucks Coffee Co. | Wells Fargo

Graduate success

Full-time MBA employment summary

96%

of full-time MBA graduates had accepted offers 90 days post-graduation

$146,719.59

average salary including signing bonus

100%

of international students accepted offers 90 days post-graduation
$140,940
international base starting salary

94%

of women students accepted offers 90 days post-graduation
$123,190
average base starting salary for women

Top employers

Amazon | Applied Materials | EY-Parthenon | Honeywell | IBM | Intel Corp. | Microsoft | Northrop Grumman | W. L. Gore & Associates
Specialized master’s employment summary
Accepted offers by program (accepted by six months after graduation)
  • MACC – 100%
  • MS-BA – 87%
  • MS-FIN – 93%
  • MS-GL – 83%
  • MS-ISM – 93%
  • MRED – 83%
  • MTax – 95%

Advancement & Alumni

Alumni

As the largest business school in the country, W. P. Carey connects our students to a lifelong network of support and encouragement. No matter where you are from and where you are going, you will find other Sun Devils cheering you on.

  • 128,634 alumni
  • 40+ ASU alumni chapters around the world
  • 1,000+ ASU and W. P. Carey made monetary contributions to the school in 2023
  • 239 “Double Devils” — people who received their undergraduate and graduate degrees from W. P. Carey, graduated in 2023

Advancement

In partnership with the ASU Foundation, the W. P. Carey Advancement team fosters enduring relationships with donors, facilitating legacies that make a lasting impact. The team skillfully stewards contributions ranging from small one-time donations to comprehensive planned giving, ensuring these gifts sustain the school’s commitment to access, excellence, and innovation.

In 2023, we stewarded:

  • 24 new funds established to ensure long-term growth and development in the school
  • 50 endowed chairs and professorships to facilitate world-changing research and knowledge
  • $23.5 million in scholarships funded through private giving over the the last 10 years (2011 to 2021)
  • An unlimited number of ways to make a difference, from traditional donations to estate gifts to fine art donations

Go to asu.edu/give to learn more about giving opportunities.

Recognizing excellence

W. P. Carey celebrates the excellence of business leaders from local, national, and international organizations, understanding that greatness in business stems from deep experience, steadfast commitment, and enduring perseverance.
A headshot of David Jackson

Executive of the Year

David Jackson, former CEO, Knight-Swift Transportation
The W. P. Carey School’s Dean’s Council honors one business leader annually whose contribution is recognized as significant to the nation and the world, whose inspired leadership has created and sustained superior organizational performance, and whose achievements exemplify a model for future business leaders.

Economic Club of Phoenix — Lead. Inform. Influence.

The Economic Club of Phoenix (ECP) speaker series hosts leaders from some of the best-known and most influential companies in the world — leaders who share their expertise to make an impact for attendees and the business community.

2023-24 speakers:

  • Amran Knishinsky, CEO OdySea Aquarium; Lead developer, AZ Boardwalk
  • Todd LaPorte, CEO, HonorHealth
  • Michael M. Crow, President, Arizona State University

Lawrence R. Klein Award

An annual honor for economic forecasting accuracy, the W. P. Carey School of Business presents the Lawrence R. Klein Award in association with the nationally recognized Blue Chip Economic Indicators newsletter.
A headshot of Michael Cosgrove

2023 Klein Award Recipient

Michael Cosgrove, principal and founder of The Econoclast® Inc.
a macroeconomic research firm he founded in 1979. He has authored occasional op-eds in various media outlets including Issues and Insights, Investor’s Business Daily, The Hill, and The Wall Street Journal. Mike has been a long-term participant in Blue Chip Economic Indicators, The Wall Street Journal survey, Western Blue Chip Economic Forecast and Pulsenomics and had the best home price forecast at Pulsenomics. He is Professor Emeritus at University of Dallas teaching economics and published in academic journals. Prior to that he worked at Gulf Oil. Mike’s PhD in Agricultural Economics is from The Ohio State University, with an MS from University of Arizona, and his undergraduate degree from South Dakota State University.

W. P. Carey
Alumni Hall of Fame

portrait image of Frederick Van Etten
Frederick Van Etten (BS Business Administration ’77) boasts a remarkable 40-year career in the equipment finance industry. As the president of Midland Equipment Finance, a division of Midland States Bank, he has been instrumental in financing billions of dollars of equipment for commercial and industrial users, contributing significantly to the growth of the U.S. gross domestic product. His leadership and expertise have earned him recognition from the Equipment Leasing and Finance Association. In the past, Van Etten lobbied members of Congress on matters involving the equipment finance industry. Throughout his career, he has founded and co-founded four successful companies, taking one public in an initial public offering in 1997 before selling it to American Express in 2001. He was honored in the Sun Devil 100 Class of 2022 by the ASU Alumni Association.

Chuck Michaels (BS Finance ’83) is a seasoned financial professional with almost four decades of experience advising individuals and families on asset allocation and wealth preservation strategies. He recently retired as vice president of the Private Wealth Management division at Goldman Sachs in San Francisco after a successful 37-year career. He is also a dedicated member of the Board of Trustees of Arizona State University and, along with his wife, Chris, endowed the Charles and Christine Michaels undergraduate scholarship program at ASU 20 years ago. From humble abeginnings, the scholarship program has grown significantly, and today, they are proud to assist more than 30 undergraduates every year with financial and mentoring support.

portrait image of Chuck Michaels
portrait image of Chuck Michaels
Chuck Michaels (BS Finance ’83) is a seasoned financial professional with almost four decades of experience advising individuals and families on asset allocation and wealth preservation strategies. He recently retired as vice president of the Private Wealth Management division at Goldman Sachs in San Francisco after a successful 37-year career. He is also a dedicated member of the Board of Trustees of Arizona State University and, along with his wife, Chris, endowed the Charles and Christine Michaels undergraduate scholarship program at ASU 20 years ago. From humble abeginnings, the scholarship program has grown significantly, and today, they are proud to assist more than 30 undergraduates every year with financial and mentoring support.
wide view of the ASU Spirit Horse statue, with partial view of the building behind the statue, at midday
portrait image of Dallas Tanner
Dallas Tanner (BS Finance ’05, MRED ’07) is the founder and CEO of Invitation Homes, a leader in the single-family rental industry. With over 20 years of real estate experience, he founded Treehouse Group in 2005, through which he privately sourced funds for platform investments in single-family homes, multifamily properties, manufactured housing, residential land, bridge financing and property management. Tanner is a board member of Roots Management, a 40,000-plus manufactured housing platform operating in 22 states, and a member of several policy advisory boards, including the Harvard Joint Center for Housing Studies and the Real Estate Roundtable. He’s a Henry Crown Fellow and a founding member of W. P. Carey’s Real Estate Advisory Board.
Ning Zhang (DBA ’15) the founder of Shanghai Red Avenue Chemical Co. Ltd. and chairman of the board of Red Avenue New Materials Group Co. Ltd., is a leader of innovative development, a practitioner of national strategy, a pioneer of circular economy and a giver of social welfare. With more than 20 years of experience in high-end phenolic resins, she has expanded Red Avenue New Material’s business scope to include special materials for automobiles/tires, biodegradable materials and electronic materials. She has also established a national laboratory and research and development innovation center in Beijing and Shanghai, and built production bases with international standards in multiple countries. Her strategic acquisition of Kehua Microelectronics and Beixu Electronics marks a breakthrough in China’s chip industry. Additionally, her cooperation with chemical giant BASF to develop biodegradable materials demonstrates her commitment to sustainable development. Zhang is also the founder and honorary chairman of Red Avenue Foundation, which focuses on sustainable development, education, health care and other fields, supporting more than 100 charity projects and benefiting millions.
portrait image of Ning Zhang
portrait image of Ning Zhang
Ning Zhang (DBA ’15) the founder of Shanghai Red Avenue Chemical Co. Ltd. and chairman of the board of Red Avenue New Materials Group Co. Ltd., is a leader of innovative development, a practitioner of national strategy, a pioneer of circular economy and a giver of social welfare. With more than 20 years of experience in high-end phenolic resins, she has expanded Red Avenue New Material’s business scope to include special materials for automobiles/tires, biodegradable materials and electronic materials. She has also established a national laboratory and research and development innovation center in Beijing and Shanghai, and built production bases with international standards in multiple countries. Her strategic acquisition of Kehua Microelectronics and Beixu Electronics marks a breakthrough in China’s chip industry. Additionally, her cooperation with chemical giant BASF to develop biodegradable materials demonstrates her commitment to sustainable development. Zhang is also the founder and honorary chairman of Red Avenue Foundation, which focuses on sustainable development, education, health care and other fields, supporting more than 100 charity projects and benefiting millions.
portrait image of Josh Elizetxe

2023 Young Alumni Inductee

Josh Elizetxe (BS Computer Information Systems ’13)
is a serial entrepreneur, innovator and investor who aims to make a difference by spreading knowledge and creating opportunities. As the chairman of Snow Oral Care, he bootstrapped the teeth-whitening company in his early 20s to an incredible $100 million in sales. With an impressive investment portfolio in multiple industries, as well as MyMCAFund.com and MyAffordableLiving.com, he has had a large impact on the business world. He is also the founder of numerous other companies, including Frost Smile Care, Dealflow Brokerage, Giving Society and, most recently in partnership with La La Anthony, one of the fastest-growing hair care brands online, INALA. He is a mentor and trustee of the Fleischer Scholars Foundation.

Faculty Awards

W. P. Carey School faculty bring excellence and impact to their research and teaching, and we are proud to acknowledge their dedication and success.

Research awards

The W. P. Carey Dean’s Early-Career Research Award goes to tenure-track faculty who are in their first six years of research since earning their PhD and recognizes outstanding research early in their career.

  • Mark Whitmeyer, Economics

The W. P. Carey Dean’s Mid-Career Research Award recognizes faculty with between six and 15 years since earning their PhD and celebrates outstanding impact to their field.

  • Philip Lamoreaux, School of Accountancy
  • Veronica Villena, Supply Chain Management

The W. P. Carey Dean’s Distinguished Career Research Award recognizes distinguished research significance and impact over the career of a tenured faculty member. The career research award celebrates those who have developed a topic or topics of research that have resulted in significant contributions to and recognition in a discipline.

  • Blake Ashforth, Management and Entrepreneurship
  • Craig Carter, Supply Chain Management
  • Ashok Mishra, Morrison School of Agribusiness
  • Raghu Santanam, Information Systems

Teaching awards

The ‘Entrepreneurial Approach to Learning’ Teaching Innovation Award is designed to recognize and honor specific examples that model an entrepreneurial approach to academic innovation.

  • Maria Rykaczewski, School of Accountancy
  • CIS 235 Course Team: Matt Sopha, Mike Guggemos, Kumar Sirugudi, Haily Tyler, Nitin Walia, Information Systems

The ‘Rethinking Business Education’ Outstanding Online Teaching Award is designed to recognize and honor faculty who have brought an extraordinary level of excellence to transforming business education via online classes.

  • Rex Ballinger, Economics
  • Daniel McIntosh, Marketing

The ‘Business is Personal’ Inclusive Teaching Award recognizes and honors specific examples that model inclusive approaches to teaching and learning.

  • Marcie LePine, Management and Entrepreneurship
  • Eldar Maksymov, School of Accountancy
upward view at the signage on the W. P. Carey School of Business building
The Huizingh Outstanding Undergraduate Teacher Award is given to instructors who are dedicated to inspiring students through excellence in teaching and mentoring. Established in 2007, the award is given in honor of Professor William Huizingh.

  • Joana Girante, Economics
  • Atif Ikram, Finance

The Huizingh Outstanding Service Award for Undergraduate Students is awarded to a faculty member who has provided outstanding leadership or service to undergraduate students.

  • John Eaton, Marketing

The Outstanding Graduate Teacher Awards are given to graduate faculty who demonstrate excellence in teaching and mentoring. Awardees stimulate learning and challenge students with course materials, assignments, and the use of classroom time that will engage students in critical thinking and active learning necessary to succeed.

  • Hina Arora, Information Systems
  • Matthew Semadeni, Management and Entrepreneurship
  • Denis Sosyura, Finance

The John W. Teets Outstanding Teaching Awards were established in 1999 by the Teets family to recognize and reward professors for excellence in teaching. These awards are especially impactful because they are both nominated and selected by students.

Teets Outstanding Undergraduate Teaching Award:

  • Greg Collins, Supply Chain Management

Teets Outstanding Graduate Teaching Award:

  • Riva Drummond, Management and Entrepreneurship

Teets Outstanding Undergraduate Teaching Assistant Award:

  • Xiaohui Zhang, Information Systems
W. P. Carey School of Business
wpcarey.asu.edu/annualreport23-24
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