WalletHub – Zero-based budgeting is a budgeting strategy that involves assigning each dollar of your income to a specific monthly expense, so your income minus your expenses always equals zero. The point of zero-based budgeting is to avoid overspending and to ensure that all the money you make serves a purpose.
Accounting
U.S. News & World Report Ranks UConn’s Graduate Business Programs Among the Best Online
UConn Today – Three UConn School of Business programs are ranked among the 2025 Best Online (Non-MBA) Programs by U.S. News & World Report.
The Financial Technology (FinTech), Human Resources Management (MSHRM), and Master of Science in Accounting (MSA) ranked as No. 12 in the nation. The recognition is particularly gratifying because the first two programs are newcomers to the rankings, having just become eligible for assessment. The MSA program is a long-established program.
Management Professor, Department Head Greg Reilly Named Interim Dean of School of Business
Professor Greg Reilly, an advocate for innovative learning and a leading strategic management scholar with extensive experience training executives globally, has been appointed interim dean of the School of Business effective Jan. 3. Continue Reading
School of Business Dean John A. Elliott To Step Down, Rejoin Faculty
UConn Today – After a dozen remarkable years at the helm of the School of Business, Dean John A. Elliott will step aside next month and return to the accounting faculty.
Elliott’s many achievements include creating new academic programs, expanding hands-on learning opportunities, championing the development of entrepreneurship programs serving all students, and expanding business education at regional campuses in Stamford and Hartford.
He spearheaded the rapid and successful pivot from in-person to online education at the beginning of the COVID-19 pandemic, something he described as one of his biggest challenges.
His impact extends well beyond UConn, having mentored three associate deans who went on to lead business schools at the University of New Hampshire, Michigan State, and DePaul during the last three years.
Dean’s Report 2024
MSA Marks 25th Anniversary with Celebration on Oct. 17
UConn Today – The MSA program is celebrating its 25th anniversary this year, a significant milestone for the trailblazing program that consistently ranks among the best in the nation.
“I wish I could take the spirit, the energy, and the interaction that occurs in this program, bottle it and present it to potential students,’’ said accounting professor Steve Pedneault, who owns a forensic accounting firm and has been teaching in the program since 2007. “If they knew how special it is here, they would all come to UConn.’’
Professor Plesko To Serve on Prestigious Accreditation Committee
UConn Today – Accounting professor and department head George Plesko has been selected to serve on the Association to Advance Collegiate Schools of Business (AACSB) Accounting Accreditation Committee, an appointment that reflects his educational expertise and engagement within the accounting industry.
The non-profit organization seeks to elevate the quality and impact of business schools worldwide. While nearly 900 colleges and universities hold AACSB accreditation, only 194 have AACSB-accredited accounting programs. The organization is considered the ‘gold standard’ of higher-education business accreditation.
White House Taps Expertise of Professor Plesko and Two UConn Alumnae
UConn Today – Accounting Professor George Plesko along with two UConn Ph.D. graduates, now professors in their own right, traveled to Washington, D.C. last month to present the results of their highly regarded corporate tax research to the White House Council of Economic Advisors.
Plesko, who has served on IRS advisory panels for more than 30 years, has regularly participated in policy discussions with Congressional and Treasury experts.
Ask the Experts – Credit Card Rewards
Wallethub –
Q: Why do you think 21% of people say that inflation makes them less interested in earning credit card rewards?
A: High inflation likely results in people avoiding spending (and thinking about spending). Thus, credit card rewards are likely less attractive during inflationary times.
Q: What advice would you give to consumers who are considering applying for a new credit card solely for the sign-up bonus?
A: Do not be myopic. Businesses that offer credit cards are rational, meaning they anticipate making money off the average consumer.
‘Change Happens When One Person Makes a Bold Move’
UConn Today – Alumna Medina Jett ’08 EMBA delivered a commencement speech to the Class of 2024 that emphasized something she knows well: the importance of being brave and thoughtful in the face of change, whether celebrated or not.
“I stand before you not only as a fellow Husky, but as someone who understands the challenges and triumphs that come with the journey of life,’’ Jett told some 700 enthusiastic undergraduates, their families, and friends on Saturday afternoon in Gampel Pavilion.