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Insights on online learning, tips for finding balance, and news and updates from Brandeis GPS

Tag: Brandeis GPS Programs (page 1 of 5)

Brandeis GPS programs recognized for high quality education, affordability

Education research publisher SR Education Group recently unveiled their latest rankings for top online colleges and universities, and Brandeis GPS received high rankings for its Project and Program Management, Software Engineering, and Strategic Analytics master’s degrees.

The rankings are based on value that prospective students look for in an online graduate program. Against other online schools, SR Education Group found that Brandeis GPS offers the highest academic standards for the lowest tuition rates with its Master’s of Science in Project and Program Management. The full list of GPS rankings is:

GPS is currently accepting course enrollments for our fall session (class begins on Oct. 11) and applications for spring 2018.  Learn more about our courses and programs below.

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Can mono-solution providers survive?

By Mike Storiale

When FinTech began its ascent, single-solution providers opened the door to expertise and simplicity rarely brought to the table by traditional banks. Solutions designed to meet unique needs created excitement from consumers and investors alike.

Throughout the industry, experts discussed the need for an open architecture from banks and FinTechs to empower customers to build a set of financial solutions that worked best for them. As the industry matured, however, it became apparent that a more rudimentary problem was holding FinTechs back – a balanced business model.

Over the past 25 years, we’ve witnessed the rise and fall of innovative companies that created a single solution with little diversification. The dot-com crash in the early 2000’s was full of well-intentioned problem-solvers who built great organizations, but lacked the contingency plan a balanced product offering affords. They were flying high without a net.

Customers Are Finicky

The mono-solution business model that most FinTechs chose excited customers who could relate to specific problems they felt their banks were not solving. When early entrants offered a better way to send money and alternative lending options, as well as simpler checking accounts, they seemed attractive in an industry that traditionally ignored outcries from its customers for better products.

Moreover, customers had often been plagued with the decision fatigue that came with traditional banks’ offerings of multiple variations of each product, few of which fit anyone perfectly.

But while consumers were willing to try new products that FinTechs brought to the table, they remained reluctant to leave the mainstream banking system for a new financial lifestyle. For banks, this gave them the opportunity to win customers back as they developed complementing products to compete with the innovators creeping in on their space.

Even though research showed that few consumers ever felt “warm” with their bank, often ranking them just slightly less hated than airlines and cable companies, it was difficult to leave the one-stop-shop that was completely intertwined with their everyday lives. Though cobbling your perfect financial offering together sounds utopian, for most consumers it was simply more work than they were willing to take on.

A Risky Model

While the boon of the early years may make some think otherwise, FinTech is not immune to typical business risks. One of the core rules of business is to diversify your product offering to protect yourself, though when we begin new technology ventures, we often believe that we will be able to succeed on a single solution. FinTech’s rise began during a time filled with historically low interest rates, massive changes in regulation, and a consumer base willing to try new things.

While this opened the door for success, it also meant that it mattered less if a start-up’s balance sheet was diversified enough to withstand market fluctuations, because fluctuations simply weren’t happening. Solutions that focused on lending to consumers outside of the traditional market didn’t have to experience the risks of a volatile rate environment. As the inevitable becomes reality, however, speculation circulates as to whether an unbalanced offering can withstand the storms the financial industry often faces.

In addition to market risks, the gap is narrowing in the “tortoise and the hare” race between FinTechs and Bank’s. Even the smallest banks have begun investing money into innovation, while the ones with significant capital have started entire technology hubs and enacted strategies to acquire their biggest tech challengers.

Although big banks continue to face regulatory scrutiny of their core business model, they have evolved and learned how to innovate, catching up in the race to grab customers with products that differentiate themselves. At the same time, FinTechs are finding it difficult to maintain the minimal regulatory oversight that enabled the rapid growth seen in the early years of innovation.

Last month, SoFi filed the paperwork to obtain an industrial bank charter, opening the door for the online lender to offer the same core banking services as its mega-bank counterparts. SoFi’s bold step is not the approach taken by all FinTechs, but many continue to look for partnerships with more full-service financial companies to ensure revenues continue to flow, even if their core business falls out of favor.

The Tipping Point

The outlook for the next five years in FinTech growth may closely trend with the growth in new bank charters. While de novo bank growth stalled after 2008, the up-tick in 2015 and 2016 highlights start-ups that believe they can become successful hybrid organizations; part bank, part FinTech.

Still, taking the hybrid path isn’t without its own challenges. Stringent capital requirements, intense regulatory oversight, and the difficulty of growing a balanced product mix can make it unattractive for entrepreneurs and investors alike.

Mono-solution providers should evaluate the future of their revenue stream to determine if diversification can help mitigate their risks in a changing market.  If they are able to take their innovation into new, multi-service arenas, we can expect to see unprecedented growth in the industry.

Mike Storiale is an Adjunct Professor in the Digital Innovation for FinTech program at Brandeis University Graduate Professional Studies. He teaches a graduate course on the global economy and the emergence of FinTech. 

FinTech is changing your life, and you don’t even know it

By Ashley Nagle Eknaian

Don’t believe me? Answer the following questions:

  1. Do you have any cash in your wallet right now?
  2. Have you ever bought something using your mobile phone?
  3. Have you been inside a bank branch in the last 6 months?

Now, let’s travel back in time to the year 2007; would your answers still be the same? Probably not. My point here is that 10 years ago, your experiences carrying, spending, saving, transferring, investing, and borrowing money were very different than they are today. In 2017, I am willing to bet that you use some sort of fintech app for your everyday financial needs. Using your mobile wallet to pay for coffee/tea in the morning? Repaying a friend for lunch using Venmo? Donating to a crowdfunding campaign? Checking your bank balance? Buying insurance? Refinancing your student loans? Considering a Robo-advisor to handle your investments? Leveraging an auto savings app to build a nest egg? All are examples of FinTech innovation that we now have access to with a tap and a swipe on our mobile devices.

FinTech is changing your life and you don't even know it

VC’s & banks take notice

As technology continues to permeate every aspect of our lives from social media to healthcare, why would our interactions with money be any different? Investment dollars have been pouring into FinTech the last few years ($17.4 Billion in venture backed funding in 2016 alone), which means that there are some very smart people trying to revolutionize every aspect of the financial services you use every day. While not all startups will be successful in this endeavor, the few that do will continue to transform the financial services ecosystem. And let’s not forget about big banks, top financial institutions have taken notice of the FinTech boom and taken action. These companies are building innovation labs, hiring top tech talent and investing / acquiring startups to ensure they stay relevant for customers in what has become a rapidly changing and competitive environment.

Technology rules

With all of the technology now available to create smarter, faster, and cheaper products and services, no corner of the financial industry will be left static. Take the rise of cryptocurrencies like Bitcoin and Ether – could there be a day in the not-so-distant future where physical currency becomes obsolete? You may think that sounds crazy, however, the next time you make a purchase, ask the company if it accepts bitcoin as a form of payment – the answer may surprise you. Technology will continue to change and be applied to financial services at a pace that we could never have imagined just a few short years ago. Emerging technologies like artificial intelligence, quantum computing, not to mention a little technology called “distributed ledger” will all play a role in fueling the next evolution of FinTech innovation for both institutions and consumers.

Global dominance

FinTech isn’t a regional, socio-economic or generational phenomenon. FinTech is global, and it will impact the entire financial ecosystem, from central banks to the unbanked. Get ready, because FinTech has only just begun changing your life.

Ashley Nagle Eknaian, program chair of the MS in Digital Innovation for FinTech at Brandeis University

Countdown to Commencement: User Centered Design

As we’re gearing up for the Brandeis GPS commencement ceremony on May 21,  GPS students are gathering their families and preparing to travel to Waltham to celebrate their accomplishments. While planning is underway, we wanted to celebrate the first graduates of one of the newest GPS programs.

Launched in fall 2015, the MS in User-Centered Design represents a growing movement of designers who seek to produce technologies that adapt to the user rather than attempt to force behavioral change.

Many professionals currently working in IT, web development, digital marketing and computer science share the belief that the way people experience design is critical to the success of any creation. The User-Centered Design program at Brandeis GPS allows professionals with titles such as interactive designer, human factors engineer, user experience strategist, web developer, and more to expand their knowledge and career potential. The fully online, part-time program equips students to identify the human factors that influence user response, apply social and psychological principles to predict user response, and build prototypes and evaluate design effectiveness, analyzing qualitative and quantitative information.

In the Workforce

Today, professionals specializing in user-centered design are always in high demand.  In 2015 CNN Money identified user-centered design jobs as #14 on their nationwide list of top jobs, and  Glassdoor included user-centered design positions in their list of the top 25 “Highest Paying Jobs with the Most Openings Right Now.”

With some of the biggest names in technology and innovation looking to hire user center design specialists, those with this specialization are in high demand. Companies like Amazon, IBM, Deloitte, and Apple, among others, are constantly seeking new hires with the latest training in the field.

User Centered Design at Brandeis

The User Centered Design faculty understand the challenges of modern industry. When not teaching they’re developing technologies for higher education communities or advocating for design innovation, they structure their GPS curriculum to draw on real-world expertise and connections that ultimately help our students advance their career goals. Courses are taught by professionals in the field who draw on their work experience to mentor GPS students in the classroom.

The 30-credit User-Centered Design degree has seven required courses and three electives. Required courses provide students with a focused education surrounding fundamental topics in the field, while electives build upon specific professional skill sets and allow students to enrich and round out their studies.

We can’t wait to hear all that the class of 2017 will achieve as they use their knowledge to transform the development processes in many fields. We are confident that the skills they have gained as GPS students will allow them to further their career goals while making products, software, and other tools, that focus on usability. Congratulations to the User Centered Design students and the entire class of 2017!

Brandeis GPS announces new Information Security Leadership program chair

GPS recently named Joseph (Joe) Dalessandro as the Information Security Leadership program chair. In this new role, Dalessandro, who previously served as an instructor in the program, will recruit and mentor faculty, oversee course quality, and advise students on program and course requirements.

Joseph (Joe) Dalessandro

Joseph (Joe) Dalessandro, the newly-appointed Brandeis GPS Information Security Leadership program chair.

Dalessandro was selected for his extensive experience in information security, technology audit, and risk and people management. After graduating cum laude with an MS in Information Security from Norwich University, Dalessandro spent four years in Australia as the Head of Internal Audit for the Asia-Pacific region comprising Australia, Hong Kong, Singapore and Japan for Vanguard, the largest mutual fund company in the world.

Eventually, Dalessandro transitioned to Vanguard’s US information security team, where his role was part advisory — serving as a liaison with the firm’s Asia-Pacific offices — and part operative, performing information security risk assessments of Vanguard’s vendors and partners.

Brandeis GPS’s online Information Security Leadership program seeks to create the security leaders we need in the ever-advancing digital age. The program equips students to:

  • Develop a business case for investing in security and risk management.
  • Inform and influence senior executives to commit to obtaining and maintaining this investment.
  • Oversee the planning, acquisition and evolution of secure infrastructures.
  • Assess the impact of security policies and regulatory requirements on complex systems and organizational objectives.

We are so pleased to channel Joe’s global perspective and extensive experience into the Information Security Leadership program at Brandeis!

Brandeis GPS analytics program ranked in U.S. top 30

Brandeis University’s MS in Strategic Analytics program ranked 28th on College Choice’s list of the 50 Best Big Data Degrees for 2017.

Best Online Big Data ProgramsThe College Choice rankings were based on a combination of academic reputation, student satisfaction, affordability, and average annual salary of graduates. Strategic Analytics at GPS was selected for the breadth and depth of its coursework, the strength of its online learning model, and the success of its alumni.

From the College Choice announcement:

Strategic Analytics listing in College Choice's 50 Best Online Big Data Programs

View College Choice’s full list of schools here, and click here to learn more about Strategic Analytics at Brandeis.

Army Reservist shares his GPS experience in his own words

Faces of GPS | Steve Boardman

In 2014, I was in pursuit of a career plan for the next 20 years of my life and chose to leverage my IT experience as a software developer to shift into consulting as a business intelligence and big data analytics expert. In search of a graduate program to help propel me into that evolving field, I spent more than 100 hours researching many data science and analytics degree options.

I found the Master of Science in Strategic Analytics at Brandeis University Graduate Professional Studies (GPS) to be the best fit for my life situation for many reasons:

  • The core curriculum and available electives seemed to be a well-balanced mix of business application, management, and technical disciplines.
  • The industry-experienced GPS faculty was a benefit because it enhanced my learning based on my prior undergraduate experience.
  • As an Army Reservist, the ability to conduct coursework online is an essential benefit. Moreover, the 10-week terms with a significant break between them promote a good work, school, and life balance, enabling students to complete the program in only 2 and a half years,  taking one course at a time.
  • The tuition fees were lower than other competing schools, and would be covered by my Post-911 GI Bill VA benefits by 90 percent.

Since I started the Strategic Analytics program with GPS in spring 2015, I have completed seven courses toward my degree thus far and plan to graduate in the summer of 2017. Much of the knowledge that I’ve gained from the coursework has been directly applicable to my current position as an archival data systems development consultant. From what I’ve learned, I’ve been able to conduct more focused data analysis and produce more meaningful results to management, which has helped me earn their confidence and trust. As a result, I was given the lead role in spearheading my client’s business intelligence and data management strategy for analytics in September 2015. My return on investment is being realized even before completing my degree requirements.

boardman_wife_mil_formalCharging through the academic rigors of the program’s coursework and research has been achievable without a major sacrifice from family time and other activities. Living and working in Charleston, SC, with my wife and five-year-old daughter, my evenings during the week and weekends are well-balanced. Not every evening is spent doing school work, which my wife is very happy about. While taking at least one course per term, I am able to work a challenging full-time IT job, lead a platoon size unit in the Army Reserve part-time, play drums in a professional local rock band, and spend plenty of quality time with my family. I am grateful to my employer who pays for my remaining 10 percent tuition out of pocket. Now that GPS offers a 15% discount on tuition for active military and veterans, that saves my employer and the VA around $500 per course. Choosing the MS in Strategic Analytics at GPS was one of my best decisions, as it has proven to better my quality of life.

Steve Boardman is a software development professional with over 20 years of experience providing leadership in developing IT solutions for a variety of industries. He specializes in Enterprise Architecture (EA), Business Intelligence (BI) Strategy, Enterprise Data Warehouse (EDW) Implementation, Service-Oriented Architecture (SOA), Systems Integration, Application Development, and Legacy System Migration.

Faces of GPS is an occasional series that profiles Brandeis University Graduate Professional Studies students, faculty and staff. Find more Faces of GPS stories here.

GPS launches tuition discount program for military members and spouses

GPS is excited to share  today a new policy that will offer military veterans, active-duty personnel and their spouses a 15 percent tuition discount on our online graduate programs and courses.

The discounts may be used in conjunction with other benefits earned through the Department of Veteran Affairs, such as the Post 9/11 GI Bill and the Yellow Ribbon Program.With this policy, we aim to empower academic and professional success within the U.S. military community.

Learn more here:  www.brandeis.edu/gps/future-students/military-discount.html

Note to qualified members:

If you’re interested in seeking spring 2017 admission, please submit your application by Dec. 13, 2016. You can also take individual courses for professional development without submitting an application. Registration for the 10-week spring 2017 term opens on Dec. 20, 2016, with class beginning Jan. 18, 2017. Visit www.brandeis.edu/gps for more information.

The Best Jobs for Life-Work Balance

Glassdoor, a popular jobs and recruitment website, recently released a crowd-sourced list of best jobs for achieving work-life balance. Many of the positions in the Glassdoor list directly correspond to the industry-driven master’s degrees offered at GPS. Among the 29 positions profiled include:

1. Lab Assistant
2. Creative Manager
3. Computer Programmer
4. Marketing Coordinator
5. Data Analyst
6. Content Manager
7. Web Designer
8. Social Media Manager
9. Scrum Master
10. Marketing Analyst
11. Devops Engineer
12. Mobile Developer
13. User Interface Designer
14. Data Scientist
15. User Experience Designer

Whether you currently hold one of the positions above or are interested in advancing into a similar job, you’re probably looking to achieve balance in all areas of your life. For those seeking to pursue a graduate degree, Brandeis GPS fosters a community that is mindful of the multiple demands facing adult learners and while offering the rigorous standards of excellence that makes Brandeis one of the top universities in the country.

Why your work experience can make or break your grad school application

Faces of GPS | Rebecca Weiss

Rebecca WeissWhether you’re fresh out of your undergraduate studies or have been working in your field for many years, your professional experience is an incredibly important piece of the Graduate Professional Studies application process. We ask our applicants to provide a resume (or curriculum vitae) and letter of recommendation because these documents not only help tell your story, but they show us that you have the background and expertise to excel in our programs.

Tips for making your resume pop

The admissions committee wants to see your work experience, skills, and strengths. Here’s how to make your resume pop:

  • Highlight your skills: Even if you haven’t been working in your field for all that long, it is important to include any skills that are relevant to the program you are applying for. For example, do you know any programming languages? Is there a particular social media tool you have a lot of personal or professional experience with?
  • Provide detail: Have you ever been told to limit your resume to a one-page maximum? We want to see your accomplishments! Don’t limit yourself because you’re afraid of taking up too much space.
  • Previous coursework: Have you recently taken a course that is relevant to your program of interest? What about a professional development course and/or training session?
  • Previous work experience: Did you take the lead on a major project at a previous job? Did you head a research project? Don’t forget to include details about your previous work experience.

If you are not sure you included everything, ask a co-worker to read your resume over and make some suggestions.

<<start your GPS application>>

Deciding who should submit your letter of recommendation

Another important part of the application process is the letter of recommendation. We ask that you submit one letter of recommendation from an employer or supervisor. Here are some tips when deciding who should write your letter:

  • Previous supervisor or boss: Did you just start a new job? Are you currently not working? Don’t worry, you can submit a letter recommendation from a previous employer or supervisor. You can address your current work situation in your statement of goals.
  • Recent graduate: Did you recently graduate? Are you still searching for a job? Ask someone who supervised you on a research project to write your letter of recommendation. Provide a letter of recommendation from a supervisor where you did an internship. If you volunteer, ask the person who oversees the volunteers to write your letter.
  • Submit two letters: Do you have a supervisor and a manager who can speak to your different skills? While only one letter is required for admission, feel free to ask them both to submit a letter of recommendation.

The admissions committee understands that we have a diverse group of applicants. Our applicants range from recent graduates to those who are many years into their career. The most important part of the recommendation letter is that it is written by someone who has supervised you or seen you work as part of a team.

As a reminder, the deadline to apply for the spring term is Dec. 13. Please don’t hesitate to contact me if you have any questions about the application process. I also encourage you to reach out to Christie Barone if you have a specific question about your program of interest. You can find all our contact information here.

Rebecca Weiss is the Assistant Director of Admissions and Recruitment at GPS, and with her four years of experience in the office, she has a lot of great advice to offer prospective GPS students.

Faces of GPS is an occasional series that profiles Brandeis University Graduate Professional Studies students, faculty and staff. Find more Faces of GPS stories here.

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