John M. Veitch, Ph.D., CFA - Portland State University

John M. Veitch, Ph.D., CFA
Citizenship:
Canada, United Kingdom, and U.S. Permanent Resident
Professional Experience
University of San Francisco
Sept. 2014
On sabbatical
July 2013
– Sept. 2014
Associate Dean for Graduate Programs, School of Management
July 2011
– June 2013
Associate Dean for MBA and Graduate Business Programs,
School of Management
2002–present
Program Director, MSc. in Financial Analysis. MSc. in Risk Management, MA in
Investor Relations
2005–present
Tenured Full Professor, Department of Economics, Arts & Sciences
2005–July 2011
Chair, Department of Economics
1994–2002
Chair, Department of Economics
1992–2005
Associate Professor, Department of Economics
CFA Society of San Francisco (CFASF)
2001–present
Education Director, CFA Society of San Francisco CFA Exam Review Program
UC Berkeley
1999–2009
Spring 1998
Adjunct Professor, Haas Graduate School of Business, EMBA and MBA
Visiting Professor, Haas Graduate School of Business
University of Southern California
1985–1992
Assistant Professor, Department of Economics
UC Irvine
1987–1989
Adjunct Professor, Graduate School of Business, UC Irvine
Education
1999
Chartered Financial Analyst (CFA) designation
1985
Ph.D. Economics -- Northwestern University, Evanston, Illinois
Fields: Financial Institutions, Monetary Economics, and Economic Forecasting
1981
B.A. Economics and Mathematics – Trinity College, University of Toronto,
Toronto
Awards
2006
Frank L. Beach Distinguished Service and Leadership Award,
College of Arts and Sciences, USF
2005, 2003,
and 2001
Outstanding Teaching Award in the Executive MBA program,
McLaren School of Business, USF
1
CURRENT PROFESSIONAL PROFILE
University of San Francisco
Associate Dean, MBA and Graduate Business programs: June 2013 – September 2014
- Total Annual Tuition Revenue of all programs: approx. $21,000,000
Responsibilities:
- Oversee 3 MBA programs offered by the School of Management
o Total Annual Tuition Revenue: approx. $7,000,000+
o FT and PT MBA, Executive MBA
o Total enrollment across all programs 260+ students
- Oversee the MS in Financial Analysis programs
o Total Annual Tuition Revenue: approx. $4,750,000
o 2 cohorts PT Professional and 2 cohorts FT Accelerated
o Total enrollment of 130 students across 4 cohorts
- Oversee 2 one-year MS programs (Analytics and Global Entrepreneurial Mgmt)
o Total Annual tuition for MGEM is $560,000 with 15 students
o MS Analytics started Fall 2012 with 13 students and total tuition of $550,000
o MS Analytics enrollment in 2013 doubled to 26 students with $1,100,000.
- Oversee 3 Graduate Management programs offered by the School of Management.
o Total Annual Tuition Revenue: approx. $6,500,000
o MPA, MA Non-Profit, MS Organizational Development.
o Total enrollment across all programs 220 students
- Oversee Graduate Student Affairs Office that provides support to students in all of
the Graduate Business and Management programs
o Supervise 8 Staff members
o Develop policies and practices in conjunction with staff
- Oversee the Graduate Recruiting and Admissions Office
o Supervise 8 staff members
o Directly set marketing strategies and marketing materials for all Graduate
Business programs
o Oversee admission decisions for all Graduate Business programs
- Oversee the Career Services Office that supports students in the Graduate Business
programs
o Supervise 3 staff members
o Oversee professional development programs for students
Associate Dean, MBA and Graduate Business programs: 2011- June 2013
- Total Annual Tuition Revenue of all programs: approx. $12,500,000
Responsibilities:
- Oversee 5 MBA programs offered by the School of Management
o Total Annual Tuition Revenue: approx. $7,000,000
o FT and PT MBA, FT and PT Accelerated MBA, Executive MBA
o Total enrollment across all programs 220 students
- Oversee the MS in Financial Analysis programs
o Total Annual Tuition Revenue: approx. $4,750,000
o 2 cohorts PT Professional and 2 cohorts FT Accelerated
o Total enrollment of 130 students across 4 cohorts
- Oversee 2 one-year MS programs (Analytics and Global Entrepreneurial Mgmt)
o Total Annual tuition for MGEM is $560,000 with 15 students
o MS Analytics started Fall 2012 with 13 students and total tuition of $550,000
- Oversee Graduate Student Affairs Office that provides support to students in all of
the Graduate Business and Management programs
o Supervise 8 Staff members
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-
o Develop policies and practices in conjunction with staff
Oversee the Graduate Recruiting and Admissions Office
o Supervise 8 staff members
o Directly set marketing strategies and marketing materials for all Graduate
Business programs
o Oversee admission decisions for all Graduate Business programs
Oversee the Career Services Office that supports students in the Graduate Business
programs
o Supervise 3 staff members
o Oversee professional development programs for students
Accomplishments – July 2011 to September 2014
1. Created the MS in Analytics program as a joint program with Arts & Sciences
 2014 Tuition: $1,280,000
Total 2012 Tuition: $ 550,000
 2014 cohort: 32 students
 2013 cohort: 26 students
Initial 2012 Cohort: 13 students
 Oversaw administration of the program with the Program Director
 Generated 2 new tenure track faculty lines in the program’s first two years
2. Oversaw all logistics of the move of all Graduate Business programs into the new
School of Management campus in downtown San Francisco (Fall 2012). Oversee the
administration of the downtown campus
 Move encompassed 3 support departments with 20 staff positions
 Moved all 5 MBA programs plus 3 Masters programs into the new
classrooms
3. Oversaw the restructuring of the MBA program Core Curriculum that involves 32 of
the 56 units in the MBA program
 Led the restructuring initiative and worked cooperatively with the faculty CoChair of the Graduate Programs Committee
 Provided detailed research on MBA Core at competitor schools. Worked with
Graduate Business Association to develop extensive, detailed student
feedback on the strengths and weaknesses of previous Core
 Worked with Faculty Taskforce to finalize Core program and led it through a
vote of the entire SOM faculty. Implemented new Core offerings in Fall 2012
4. Continue to development and recruit for new graduate programs for Fall 2014
 MS in Accounting program with a 4+1 undergraduate joint degree and
recruiting international students to emphasis in Tax and Internal Audit.
Program has generated 2 FT faculty lines for Accounting Department.
 MS in Responsible Supply Chain Management that is expected to attract 20+
students in its first year, generates 2 FT faculty lines and a funded Chair..
 MS in Financial Analysis program restructured into an 18-month program to
attract higher income international students looking for a US practicum
experience.
3
CURRENT PROFESSIONAL PROFILE
University of San Francisco
Program Director, MS in Financial Analysis (MSFA): 2003-present
Current Profile:
- Three versions of the MSFA program
o Professional Part-time MSFA: 45 students, annual revenue $1.25 million
o Accelerated Full-time MSFA: 20 students, annual revenue $ 800,000
o 18-month Full-time MSFA: 50 students, annual revenue $2,000,000
o 3 Full-time, tenure-track faculty lines, 15 adjunct faculty
- Oversee administration of the program including hiring MSFA faculty, scheduling
courses and acceptance decisions for applicants
- Currently MSFA program has largest number of applications at USF (450+ annually)
Program started in Fall 2003
- I created the curriculum structure, course offerings, and course learning outcomes
- I directed development of marketing materials and ad campaigns for the program
- I worked with CFA Institute to have the MSFA program recognized as an official
Academic Program Partner of the CFA Institute in its second year of operation
- Authored the MSFA accreditation reports for the Western Association of Schools and
Colleges (WASC) and AACSB accreditation processes
- Developed international joint MSFA programs with Assumption University in Bangkok
Thailand
Past Professional Profile
University of San Francisco
Economics Department Chair: 1994-2002, 2005-June 2011
- Became Chair at a time when the Department had only 6 tenure track faculty and few
students (30 undergraduate majors, 25 MA Economics students)
- Coordinated an outside program review of Department that resulted Dean providing 5
new full-time faculty positions and increased budget allocation
o Chaired 8 Faculty Search Committees. Added 6 new Full-time positions
- Established department budgets and priorities through regular Department meetings
and special retreats to address substantive program issues
- Introduced 2 new Masters programs and restructured undergraduate Economics major
and minor programs
o Initiated MS in Financial Analysis (MSFA) programs – currently 130 students
that brought in 4 new faculty lines. (Moved to SOM in July 2011)
o Supported new MA in International and Development Economics (IDEC) –
currently 45 students that brought in 4 new faculty lines
o Increased number of Economics majors (30 to 65+) and MA Economics
students (18 to 35) by roughly 100+%
- Economics department faculty are acknowledged as having one of the strongest
research profiles at USF. The MA IDEC and MSFA programs are nationally ranked
and internationally known and are acknowledged as the strongest at USF
Current Dept. Profile:
 13 Full-time faculty, 2-3 Part-time faculty

50-60 Undergraduate majors

80 Masters students*
* Does not include the 130 MSFA students that were moved to the
School of Management in July 2011
4
Past Professional Profile
CFA Society of San Francisco, CFASF
(previously Security Analysts of San Francisco, SASF)
Education Director, Chartered Financial Analyst Exam Review Program: 2001-June 2013
Review Program Profile:
- 18+ instructors with CFA designations and/or PhD’s
- Three separate 18-session Review programs
- 400+ students each year
- Revenue $385,000+ per year
- Hired in 2001 to upgrade and manage what has become the largest CFA Review program
in Northern California
o Under my guidance it has become the largest revenue source for the 6th
largest Chartered Financial Analyst Society in the world
o Contributed in excess of $800,000 total profit to the CFASF since 2001
- Oversee the offering of 18-week programs at Levels I, II, and III of the CFA exam once a
year plus a bi-annual 6-weekend program at Level I
- Interview, hire, train, and evaluate the 16+ instructors each year to teach in the programs.
- Oversee 1 staff member who coordinates marketing, logistics, space rental, etc. for the
CFA Review programs
University of San Francisco
Program Director, MS in Risk Management (MSRM): first cohort Spring 2010
Program Profile: 3 Full-time faculty, 7 Part-time faculty
10 students in San Francisco.
- Conceived MS in Risk Management and worked with Director of Northern California
Chapter of Global Association of Risk Professionals (GARP) to design a curriculum
covering the Financial Risk Manager exams learning outcomes and identify key risk
professionals in the Bay Area to deliver parts of the curriculum
- Designed the curriculum structure, course offerings, and course learning outcomes.
- Directed development of marketing materials and initial ad campaign for the program
Program Director, MA in Investor Relations (MAIR): first cohort Fall 2009
Program Profile: 3 Full-time faculty, 6 Part-time faculty
10 students in San Francisco
- Conceived MA in Investor Relations and worked with National Investor Relations
Institute (NIRI) and the College Curriculum Committee to implement it
- Designed the curriculum structure, course offerings, and course learning outcomes
- Directed development of marketing materials and initial ad campaign for the program
Graduate Economics Advisor: 1994-1995
- Advised 40+ graduate students each semester
- Constructed and administered Macroeconomics Comprehensive exams each year
Undergraduate Economics Advisor: 1995-2002, 2005-present.
- Primary advisor to 30+ Economics majors each semester
- Sole advisor to freshman and transfer Economics majors
USF Faculty Association (USFFA) Policy Board: 1997-2004
- Elected as a representative to the faculty union representing full-time faculty at USF
- Faculty Representative on the University Budget Committee
- Served as union representative on University-wide committees, most notably
Workload Redistribution, Intellectual Property and Campion Hall Renovation (see
below)
5
6
PAST PROFESSIONAL ACCOMPLISHMENTS
University of San Francisco
University Committees:
- University Budget Oversight Committee 2005-2011
o One of 3 Faculty appointed by the President of USF to provide input into
USF’s operating budget and projections
- Investment Committee of Board of Trustees 2001-2006
o One of 2 Faculty appointed by the President of USF to oversee investment
policies & practices of USF’s $150 million endowment
- Workload Redistribution Committee 2001-2002
o Faculty Co-chair (with Dean of A&S) and leader of the University-wide
change in curriculum from a 3-unit course norm to a 4-unit course norm.
o Completely transformed student-learning environment while simultaneously
supporting enhanced research time for faculty.
o Adopted by the entire university the year after faculty, administration and the
ratification by the Board of Trustees
University Committees:
- Campion Hall Task Force 1995-1998
o One of 2 Faculty appointed to advise the administration on faculty needs for
the complete renovation of an existing academic building
o Surveyed and summarized space needs of all departments in Arts College
o Advocated for Department and faculty needs in the architectural process
- Information Technology Oversight Committee 1994-1997
o Faculty appointee for planning & evaluation of ITS department priorities.
- Plan 2005
o Distance Learning Sub-Committee: Set long-range planning for technology
o Physical Plant Sub-Committee: Set long-range planning for structures
-
Committee on Faculty Housing Subsidies 2002-2003
o Advisor to union’s Policy Board
Arts &Sciences College Committees:
- College Council 1994 -present
o Member of Faculty Senate responsible for academic policy
- Arts Council 1994-present
o Representative of Economics Department and Policy Board
o Head of Arts Council 1999
University of Southern California
Department of Economics:
- Executive Committee Member
o Evaluated faculty annual performance; recommended merit increases.
- Faculty Search Committee Member
o Member of two successful faculty searches.
- Graduate Comprehensive Exam Coordinator:
o Set and graded annual Ph.D. comprehensive exams.
University Committees:
- Computer Services Committee:
o Established long-range planning and evaluation of computing.
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ACADEMIC RESEARCH
Publications
2009
(with Cathy Goldberg) “Country risk and financial integration—A case study of South Africa”,
Research in International Business and Finance 24 (2010) 138–145
2004
(with Cathy Goldberg) “Two Sides of the Same Coin? – Stock Market Reactions to the
Brazilian Devaluation”, Investment Management and Financial Innovations, Summer 2004.
2003
(with Cathy Goldberg) “Exchange Rate Crises and Firm Values: A Case Study of Mexico’s
Tequila Crisis”, Journal of American Academy of Business, March 2003
2002a (with Cathy Goldberg) “Mexico's Tequila Crisis-Hangover or Hair of the Dog?”, Multinational
Business Review, Vol. 10, Fall 2002
2002b (with Cathy Goldberg) “Country Risk and the Currency Contagion Effect: A Case Study of
Argentina", Journal of Management Research, April 2002
2002c (with Cathy Goldberg) "It Takes More Than Two to Tango: Country Risk and Currency
Contagion", Proceedings of the Hawaii International Conference on Business
1996a (with Gary Dymski), “Financial transformation and the metropolis: booms, busts, and banking
in Los Angeles”, Environment and Planning A, 1996
1996b (with Gary Dymski), “Financing the future in Los Angeles: From Depression to 21st Century”,
in Rethinking Los Angeles. eds. by Michael J. Dear, H. Eric Schockman, and Greg Hise,
Sage Press, 1996
1996c (with Gary Dymski), “Credit Flows to Cities: Introducing Cindy Mae”, in Reclaiming Prosperity:
A blueprint for progressive economic reform, eds. Jeff Faux and Todd Schafer, M.E. Sharpe,
Armonk, NY; Jan. 1996
1995 (with Leigh Tesfatsion and Robert Kalaba), “Time-Varying Linear Regression Procedure”,
statistical procedure incorporated in widely used statistical packages, SHAZAM and GAUSS
1994 (with Gary Dymski), “Taking It To The Bank: Race, Credit, and Income In Los Angeles”, in
Residential Apartheid: The American Legacy. eds. by Robert J. Bullard, J. Eugene Grigsby
III, and Charles Lee. UC Press, 1994
1992 (with Gary Dymski) “Race and the Financial Dynamics of Urban Growth: LA as Fay Wray”, in
City of Angels, edited by G. Riposa and C. Dersch, Kendall-Hunt Publishers, 1992
1991 (with Gary Dymski and Michelle White), “Taking It To The Bank: Race, Poverty, and Credit In
Los Angeles: An Evaluation of the Lending Policies, Practices and Performance of Financial
Institutions in the City of Los Angeles”, prepared for the City of Los Angeles, 1991
1989a (with Leigh Tesfatsion), “U.S. Money Demand: A Flexible Least Squares Approach.” Journal of
Economic Dynamics and Control (14), 1990, p.151-173
1987 (with R.J. Gordon), “Fixed Investment in U.S. Business Cycles, 1919-1983,” in R.J. Gordon
(ed.) The American Business Cycle: Continuity and Change, University of Chicago Press for
the NBER, Chicago, 1987, p.267-335
1986 “Repudiations and Confiscations by the Medieval State”, Journal of Economic History, XLIV,
No. 1, 1986 pp.31-36
Current Working Papers
2012
(with Cathy Goldberg) “Don't Cry For Me Argentina: Currency Crises and Financial
Integration”
8
Selected Seminars and Speeches
1. Country Risk and Financial Integration – South Africa in the 1990’s. Presentation at the Masagung
School of Business, University of San Francisco with Prof. Cathy Goldberg. April 2009
2. The Current Credit Crisis - Mistaking the Mistakes, Presentation to the Kazakhstan Institute of
Management, Economics, and Planning (KIMEP), Almaty, Kazakhstan, November 2008
3. US Sub-Prime Crisis and Central Bank Lapses, Presentation to the Kazakhstan Institute of
Management, Economics, and Planning (KIMEP), Almaty, Kazakhstan, October 2007
4. Financial Innovation and the US Sub-Prime Crisis, Presentation to the Somaiya Institute of
Management Science and Research (SIMSR), Mumbai, India, September 2007
5. China’s Fixed Exchange Rate Regime and China’s Future Competitiveness, Presentation to the
WicreSoft, joint Microsoft and Shanghai Government enterprise, Shanghai, PRC, March 2007
6. China’s Fixed Exchange Rate Regime and Emerging Market Asset Bubbles, Presentation to the
Somaiya Institute of Management Science and Research (SIMSR), Mumbai, India, October 2006
7. Fannie Mae: Interest rate Environment and Financial Risk, Presentation to the Security Analysts of
San Francisco, May 2004
8. Two Sides of the Same Coin? Stock Market Reactions to the Brazilian Devaluation. Presentation to
the Center for American Education, Singapore, March 2004
9. Mastering the CFA Review Exams, Presentation to the Center for American Education, Singapore,
January 2004
10. Introduction to the CFA designation. Presented three times a year since 2001 to new CFA exam
candidates in the San Francisco region
11. “Mexico's Tequila Crisis-Hangover or Hair of the Dog?”, WDSI Conference, Las Vegas, Fall 2002
12. “Financial Transformation and the Metropolis: Booms, Busts, and Banking in Los Angeles” coauthored with Gary Dymski. Invited paper presented to the annual meetings of Association of
American Geographers on March 17, 1995 in Chicago
13. “Another Day in the Neighborhood: Individual vs. Area Effects in the Provision of Home Mortgages”
co-authored with Gary Dymski. Invited paper presented to the Milliken Institute for Jobs and Capital
on June 6, 1994 in Los Angeles
14. “Another Day in the Neighborhood: Individual vs. Area Effects in the Provision of Home Mortgages”
co-authored with Gary Dymski. Invited paper presented to the Fifth Annual Demography Conference
at USC on May 6, 1992
15. “Race and the Financial Dynamics of Urban Growth: LA as Fay Wray” co-authored with Gary Dymski.
Invited paper presented at the International Sociological Association Meetings at UCLA on April 25,
1992
16. “Information Asymmetries and Contractual Restrictions in the Credit Market: Evidence from
Affordable Housing Development” co-authored with Gary Dymski. Invited seminar at U.
Massachusetts - Boston. Boston on April 6, 1992
17. “A Wonderful Life It's Not: Bank Lending for Affordable Housing Development in Los Angeles” coauthored with Gary Dymski. Invited seminar at UC - Riverside. Riverside, CA on January 24, 1992
18. “Information Asymmetries and Contractual Restrictions in the Credit Market: Evidence from
Affordable Housing Development” co-authored with Gary Dymski. Invited seminar at Board of
Governors of the Federal Reserve System. Washington DC on January 23, 1992
19. “U.S. Money Demand: A Flexible Least Squares Approach.” co-authored with Leigh Tesfatsion.
Accepted paper delivered in the session on Asset Demands at the Canadian Economic Association
Meetings; June 1, 1990, Victoria B.C.
20. Chair of session “Monetary Policy and Control,” at the Canadian Economics Association Meetings;
June 2, 1990, Victoria, B.C.
9
21. Invited Discussant for session; “The Transition from Centralized to Market Economies”, part of the
lecture series The New Old World: Liberation of Eastern and Central Europe, sponsored by the
International Student Center at UCLA, May 15, 1990
22. Chair of session “Economic Change in the Two Germanys,” Conference sponsored by USC and the
Max Kade Institute for Austrian-German-Swiss Studies, After Forty Contentious Years: The Two
Germanys Since 1949, Annenberg School, USC, February 17, 1990
23. “The Yin and Yang of Financial Reform in the People's Republic of China”, co-authored with Gary
Dymski. Seminar presentation, USC Center for International Studies, Workshop : Economic Reforms
in Comparative Perspective, February 7, 1990
24. “Analyzing Experimental Market Data using Flexible Least Squares,” Invited presentation delivered
at the Fifth Annual Tax Research Symposium sponsored by USC School of Accounting and Deloitte
and Touche. Redondo Beach Sheraton, January 19,1990
25. “MACROPOLICY: An Interactive Windows-based Simulation Model of the Economy” Invited paper
delivered in an IBM panel on Computers in Business and Economics chaired by Michael Ribaudo,
City University 1989
26. “ U.S. Money Demand: A Flexible Least Squares Approach.” MRG Working Paper 8809 co-authored
with Leigh Tesfatsion. Seminar presentation, USC School of Business, Research Seminar in Finance
and Business Economics, November, 1988
27. “MacroTutor: An Interactive Graphical Model for Macroeconomics” Invited paper delivered in an IBM
panel on Computers in Economics, chaired by myself. Panel held at the IBM Academic Computing
Conference, Dallas, Texas. June 1988
28. “U.S. Money Demand: A Flexible Least Squares Approach.” co-authored with Leigh Tesfatsion.
Accepted paper delivered in a session chaired by Art Havener, UC Davis. Session at the Economic
Dynamics and Control Conference, March 1988
29. Discussant at the NBER Credit Markets and Financial Fluctuations meeting sponsored by the Federal
Reserve Bank of Chicago. Chicago, Illinois, February 1988
30. “U.S. Money Demand: A Flexible Least Squares Approach.” co-authored with Leigh Tesfatsion.
Seminar presentation, Economics Department, Research Seminar in Applied Economics, January,
1988
31. Discussant at the NBER Summer Workshop on Credit Markets and Financial Fluctuations,
Cambridge, MA. July 1987
32. Discussant “Asset Securitization and Off-Balance Sheet Risks of Commercial Banks” at the Program
on Asset Securitization, sponsored by the Banking Research Center, Northwestern University,
Chicago, Illinois, February 1987
33. Discussant at the NBER Credit Markets and Financial Fluctuations meeting sponsored by the Federal
Reserve Bank of Chicago. February 1987
Professional Consulting
2009 – 2010
June 1992
June 1990
Sept. 1989 Jan. 1991
Expert Witness in mortgage fraud/elder abuse case for Barulich Dugoni Law
Group Inc.
Consultant to Chris Brancart, Attorney on legal case involving redlining in
Riverside County by a thrift institution
Consultant to Bank of America on Community Reinvestment Act responsibilities
for home mortgage loans in California
Consultant to City of Los Angeles examining the policies, practices and
performance of financial institutions with respect to credit extension to minority,
low- and medium-income groups and areas for use in guidelines for the City's
linked deposit program
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TEACHING PROFILE
Courses Taught
Banking and Monetary Policy
Corporate Finance
Economic Statistics
Econometrics
Econometrics of Finance
Economics of Financial Markets
Adv. Financial Statement Analysis
Financial Institutions & Markets
International Finance
International Trade
Macroeconomics
Macroeconomics for Managers
SPSS AMOS for the Social Sciences
- Undergraduate, Masters
- Executive MBA
- Undergraduate
- Undergraduate, Masters, MS Financial Analysis
- Masters, MS Financial Analysis (MSFA)
- Undergraduate, Masters
- MSFA
- MSFA, Executive MBA
- Undergraduate, Masters, MSFA
- Undergraduate, Executive MBA
- Undergraduate, Masters, Executive MBA, Ph.D.
- Executive MBA program in Hong Kong
- Social Science faculty members
CFA Review Sessions Taught
Equity Valuation
Microeconomics, Macroeconomics
Economics for Valuation
International Economics
Financial Statement Accounting
Performance Measurement
Risk Management
- Level I and II
- Level I
- Level II and III
- Level I and II
- Level I and II
- Level III
- Level III
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