Tuesday, July 21, 2015

Attention Marquette University's finance students class of 2017!
Applications for AIM are now live!

The following provides a brief description of the AIM program's application process. Completed applications and all required information are due by Friday, September 11th.  NOTE:  Students studying abroad must submit their application two weeks prior to their international study schedule. Interviews for students studying abroad will be set-up in person this summer or telephonically during the fall semester of the student’s junior year.  Notification of acceptance for all students applying to the program will occur before the fall advising session. 

Acceptance into the AIM program will be based on the following:
* Grades earned up to the beginning of the fall semester of the junior year (minimum GPA of 3.0 required)
* Electronic application form (found at AIM website like below)
* MU Graduation checklist (upload with application form)
* Resume (upload with application form)
* Application essay (upload with application form)
* Two letters of recommendation (sent by recommendor via mail, email or fax)
* Interview with Dr. Krause (scheduled week of 9/21-25) as first come first serve, after you submit completed application information)
A successful AIM applicant will have a strong intellect, an active curiosity about business and the finance industry, a demonstrated record of academic achievement, a well-conceived plan for their future, and good communication and analytical skills.  Candidates will have the opportunity to demonstrate these traits through their academic record, resume, essay, letters of recommendation, and an interview.

The application process is completely electronic (except the letters of recommendations).  To find out more about applying to AIM, visit the website at: marquette.edu/aim.

Important Dates of Interest (** 3 required dates below)

* Friday, September 4th, AIM Open House 2:00-3:00
** Friday, September 11th, Application Info Due
** Interview with Dr. Krause (date range September 21-5 one 15 minute interview)
** Saturday, October 3rd, AIM Super Saturday,
     8:00 am-Noon AIM Interviews
      (plan on entire morning)

Friday, June 5, 2015

Krause's Belmont Stakes Picks for 2015

This is it --- our first Triple Crown winner in nearly 40 years! I successfully called for American Pharoah (AP) to win the Kentucky Derby and the Preakness Stakes – and now I believe he is going to finish the deal. It won’t be easy because the 3-year olds this year are stronger than past years. AP also has history against him as (by my count) twelve horses since the last Triple Crown winner (Affirmed in 1978) have won the first two legs, only to lose at Belmont.

Winning the Belmont Stakes is difficult because of the long distance (1 ½ miles), the timing of the race (only three weeks after the Preakness), and the crowd (NYC races fans are loud, boisterous, aggressive and right in the horses' faces --- just like you’d expect from New Yorkers). I do think that AP’s trainer, Bob Baffert, and jockey, Victor Espinoza, are up to the challenge to achieve horse racing immortality. Despite Espinoza falling short of the Triple Crown twice (on War Emblem and California Chrome), he talks with confidence about American Pharoah’s poise and determination.

This is a strong field – and not a sure thing for AP (despite the ridiculously low odds) – so enjoy the Belmont and I believe you’ll be witnessing history or Saturday afternoon.


Best of the Field:  #5 American Pharoah (3-5 odds)  
As I wrote for my Kentucky Derby and Preakness articles, this is the cream of the crop.  I believe that this horse has the heart of Seattle Slew (1977 Triple Crown winner) and will do whatever it takes to win. He won’t set records (like Secretariat’s 31 length win at Belmont in 1973 as he won the Triple Crown), but he knows how to win. The odds are not favorable, so you might have a souvenir with your $2 win ticket, but you need to include American Pharoah at the top of your exotics. (Baffert and Espinoza finally get their Triple Crown).

Value Horses:  # Frosted (5:1 odds) and # 8 Materiality (6:1 odds). I had both of these horses as ones to watch during the Kentucky Derby --- and I feel the same way about them in the Belmont Stakes. Frosted finished a charging fourth and didn’t race in the Preakness – he should be fresh. He’s a NY horse who is familiar with the track --- and he won this year’s Wood Memorial at Aqueduct in NY. Frosted is jockeyed by Joel Rosario (a proven winner), who knows the horse and will keep him back early in the race. Watch for him to come on strong down the long home stretch – he could make it close! Rosario knows how to win the big races.

Starting in the 8th position, Materiality, trained by Todd Pletcher and ridden by John Velazquez could also be in the money. This is the horse that didn’t race last year; however, he got off to a great start this year (and with huge speed figures) and finished a respectable sixth in the Derby. He has tons of speed and could run hard at the beginning – forcing American Pharoah into an uncomfortable pace. He also skipped the Preakness. He has one of the top trainers and a great jockey --- if there were to be a wire-to-wire winner in the Belmont (which is rare), this would be the horse.

Betting: Pairing up the horses above into an Exacta box could be a nice play or keying American Pharoah with the other two horses in a Trifecta bet could provide an attractive ROI.  In any case, bet responsibly and enjoy watching history being made at this year’s Belmont Stakes. I'll be cheering on American Pharoah.

Tuesday, May 19, 2015

Marquette University's AIM Class of 2015 Graduated on Sunday, May 17, 2015

Education is the best provision for old age.

I have never let my schooling interfere with my education.

-Mark Twain

If you aren’t fired with enthusiasm, you will be fired with enthusiasm.

-Vince Lombardi

AIM Class of 2015

The AIM Class of 2015 will always be a special one --- it was the ‘bubble’ class and it also had 10 international students. Two years ago a record number of 67 students applied to the program and on Sunday more than 40 AIM students participated in Marquette University’s graduation ceremonies (with several others scheduled to graduate in August or December). This group of students is the tenth class to graduate from the AIM program; a significant milestone.

By all measures this has been another successful year. The students in the AIM Class of 2015 had meaningful internship experiences and they soon will be starting their careers at various financial firms across the globe.  Also, many of them are busy preparing to take the Chartered Financial Analysts (CFA) Level I exam on the first Saturday in June. Like all of the other AIM classes before them, I know they will do well – and I have truly enjoyed working with them.

The students in the Class of 2015 inherited three investment portfolios: the small cap domestic equity; international equity; and fixed income fund. These students worked hard and generated good results in the three funds they managed. The students encountered unique challenges as the financial markets continued to rebound from the Great Recession – with the international stocks especially tricky to manage during the past year. Nevertheless, they maintained their composure and managed the AIM Funds as true professionals.

As always, it has been a rewarding year for me working with the students in the AIM program. In addition to being intellectually curious and hardworking, the Class of 2015 was deeply committed to the responsibilities associated with administering the student-managed funds. Despite the ongoing uncertainty of the global investment climate, we are confident that the AIM Funds will continue to provide invaluable opportunities for learning as students in future classes apply their hand to managing a portion of Marquette’s endowment funds.

Marquette University Commencement 2015 

Congratulations to the students who graduated at Marquette's Commencement on Sunday, May 17, 2015. We wish not only to recognize the achievements of our graduates, but also to acknowledge parents and others for their cooperation and support.

This was a highly talented group of students who worked hard right up until the end of their senior year. While some of these students received significant honors and awards, all of them are special and have unique talents. They worked exceedingly hard during the past two years since they were admitted to the AIM program and we wish them all best of luck. 

The following table contains information about the AIM students in the Class of 2015. 
AIM Class of 2015HonorsGraduation
Dan Alon May
Richard Bernard December
Brandon Cloete December
Thomas Desmond May
Thomas Dickinson May
Patrick Doyle May
Haney Fam May
Vanessa Foltinger December
Patrick HartCum Laude,  * May
Joe Hodes May
Charles Houser * December
Dustin Hwang December
Alaa IbrahimCum LaudeMay
Alex Isken December
Cole JohnsonSumma Cum Laude,  * May
Berent Kowarick May
Kevin LaneCum LaudeMay
Kyle Lawrence May
Jing Liu August
Patrick Lonzo * December
Mary McNellisMagna Cum Laude,  * May
Mark Messier May
Andrew NorthMagna Cum Laude,  * May
Jeremy Poppe May
Monica RacitiMagna Cum LaudeMay
Jaime RehmCum Laude,  * May
Mariano SanzCum LaudeMay
Alex SchmidtCum LaudeMay
John  Schneider May
Jordan Schumacher May
Rushi  Shah May
Connor Showalter May
Joe Simonelli May
Michael StankovskyMagna Cum Laude,  * May
James Stark May
Jack SullivanMagna Cum LaudeMay
Chris Swanson May
Christopher Swift December
Mitchell Swirth May
Hendrik van der Zandt May
Zhe WangCum LaudeMay
Blake Weir August
Anne Wiesman * December
Autsin WilsonMagna Cum LaudeMay
Kurt WittmeyerCum LaudeMay
Wen YangCum Laude,  * May
Stefanie YordanCum LaudeMay
Jiajun ZhouCum Laude,  * May
 * Membership in Beta Gamma Sigma 

Wednesday, May 13, 2015

Krause's 2015 Preakness Predictions

Here are Dr. Krause's 2015 Preakness picks. Like the 1st leg of the Triple Crown two weeks ago, this  is a strong field with several top Derby horses making the trip to Baltimore’s Pimlico race track. This should be an interesting race.

Image result for american pharoah horse derby

Best of the Field: #1 American Pharoah (2:3 odds) was my Derby pick and he did not disappoint, running a nearly perfect race in Louisville. He’s a big favorite entering Pimlico and for good reason – he’s trained by Bob Baffert and ridden by Victor Espinoza.  The Triple Crown is no guarantee for AP because there are a number of world-class horses capable of beating him this Saturday – such as Dortmund, who starts in the 2nd post. With only two weeks between the Derby and Preakness, he seems to have plenty of gas in the tank and is the obvious favorite at 2:3 odds. With these poor betting odds I’d avoid a straight WPS bet - nevertheless, he should be included in your exotic wagers. AP still looks like the winner to me and I’ll be cheering for him on Saturday. Note: Dortmund is American Pharoah’s biggest threat - and is also worth including in any exotic betting.

Image result for danzig moon horse

Value Horse: #4 Danzig Moon (14:1 odds). Danzig Moon ran a creditable race in the Kentucky Derby to finish 5th in the field of 18 thoroughbreds; 6 lengths behind American Pharoah. This horse has improved with each race and could end up in the money – with a big payout given the long odds. An Ontario-bred horse, trained by Mark Casse and ridden by Julien Leparoux, both solid records of success.  The son of Malibu Moon, sire of 2013 Derby winner Orb, Danzig Moon continues to improve and makes for a strong WPS bet at the big odds. With the smaller field, the 4th post isn't a bad starting position for Danzig Moon.

Image result for divining rod horse

Long Shot: #7 Divining Rod (14:1 odds).  Divining Rod is well rested since he didn’t run in the Kentucky Derby. He won the Lexington Stakes in Keeneland back in April before skipping the Derby. Not only has it been more than a month since he's raced, but he’s coming off a victory and has top-three finishes for all five races of his career. This will be trainer Arnaud Delacour's first Preakness and while a jockey hasn't yet been announced, Delacour will have his pick of some of the top jockeys. (Julien Leparoux, who has ridden Divining Rod previously, jumped ship to ride Danzig Moon in the Preakness. While he’s a long-shot, he has shown continual improvement and is worth a WPS and looks like a good pick underneath American Pharoah and Danzig Moon in your exotic wagers.

Good luck!

Thursday, April 30, 2015

Marquette College of Business Administration's New Dean: Dr. Brian Till

Next Keyes Dean of Business Administration Named

Dr. Brian Till, dean of the Williams College of Business at Xavier University, has been named the next James H. Keyes Dean for the College of Business Administration and Graduate School of Management, President Michael R. Lovell announced today. Till will begin in his new role on July 13.
“Dr. Till brings to Marquette a wealth of experience as an administrator, business leader and scholar, all of which position him to advance the College of Business Administration and bring it to a new level of excellence,” said President Michael R. Lovell. “He has a deep understanding of what it means to be a Jesuit business school, and Marquette will benefit greatly from his leadership.”

Till has been dean of the Williams College since 2012. Prior to joining Xavier, he held marketing faculty positions at Drexel University and Saint Louis University, where he spent his last seven years as chair of the marketing department. He has experience with AACSB business school accreditation processes, and is certified in the use and interpretation of the Myers-Briggs Type Indicator. Till has received numerous awards for teaching excellence and was named one of the Top Ten Marketing Teachers in the U.S.

He has also served on several boards, including Forest Releaf of Missouri and Stella Maris Child Center in St. Louis, where he served as board president for four years.

Prior to his academic career, Till worked at Purina as a brand manager. He has served as a marketing strategy, branding and advertising consultant for a variety of organizations, including Monsanto, Energizer, Medicine Shoppe International, Growmark and AT&T. He is co-author of the book The Truth About Creating Brands People Love.

Till holds a bachelor’s degree in advertising and an MBA from the University of Texas at Austin, and a Ph.D. in marketing from the University of South Carolina.

“I am very pleased to be joining the College of Business Administration at Marquette University as the Keyes Dean,” Till said. “The college and Marquette University both have an excellent reputation, and I look forward to working with the faculty and staff of the college in moving it forward.”

“The College of Business Administration is poised to take a significant step forward as a premier Jesuit business school and a model for educating tomorrow's business leaders. And Dr. Till is the right person for that job,” said Dr. Daniel Myers, provost-elect. “I want to thank the search committee for its diligence and thoughtfulness in helping select Dr. Till as the next Keyes Dean of Business Administration.”

“We were fortunate to have an excellent pool of candidates for our next dean and Dr. Till rose to the top,” said search committee co-chair Dr. Michael Akers, Horngren Professor and chair of accounting. “The faculty and staff are looking forward to working with him to take the college to new heights.”

Till will succeed Dr. Mark Eppli, who has served as the interim Keyes Dean since August 2012. Over the past three years, Eppli worked closely with the college’s faculty, staff and alumni, as well as business leaders, to forge a new vision for the college.

A renowned commercial real estate scholar who sits on the board of the Federal Home Loan Bank of Chicago, Eppli will return to the faculty as a professor of finance and the Robert B. Bell Sr. Chair in Real Estate, positions he has held at Marquette since 2002.

“Mark’s leadership over the past three years is commendable,” Lovell said. “He propelled the college forward in ways that few interim deans can, and Marquette is grateful for that.”
This information is also available online

Wednesday, April 29, 2015

Krause's Kentucky Derby Picks for 2015

I’m back again for the fifth year with my Kentucky Derby picks. The 141st 'Run for the Roses' has a deep crop of 3-year-olds. The 20 horse field has many promising thoroughbreds – unlike last year’s weak field. So this should be an exciting race.

Image result for american pharoah

Best of the Field:  #18 American Pharoah (5-2 odds)  
Last year I successfully picked the Derby winner: California Chrome, who was ridden by Victor Espinoza. This year I believe that American Pharoah, a bay colt trained by Bob Baffert, will be taken to victory lane by Espinoza. This horse has had four impressive wins while posting remarkable speed figures – and to top it off, he has had strong workouts since arriving in Louisville.  Victor Espinoza has won the Kentucky Derby and the Preakness Stakes twice, riding War Emblem in 2002 and California Chrome in 2014. Bob Baffert is the top trainer in the business having won three Kentucky Derbies, five Preakness Stakes, one Belmont Stakes and two Kentucky Oaks. Even with the 18th draw this horse will likely be the betting favorite on Saturday - so the odds will not provide a big payout, but if you include American Pharoah in your exotics you can have a good payday. (I think Baffert has another winner here).

Image result for carpe diem horse
Value Horse: #2 Carpe Diem (8-1 odds).   Trainer Todd Pletcher has four Derby entries this year, but Blue Grass winner Carpe Diem, who has won four of five career starts by nearly 20 lengths, is his best horse this year. Carpe Diem’s only race loss came in last year's Breeders' Cup Juvenile, when he came in second. This horse is very capable of giving Pletcher his second career win in the Derby. Jockey John Velazquez is the all-time leading money-earning jockey – and this jockey/trainer combination has won four of five lifetime events together. The #2 post isn't a good draw, but Carpe Diem should be in the picture as the horses come down the stretch on Saturday.

 Image result for frosted horseImage result for materiality horse

Long Shots: #15 Frosted (15:1 odds) and # 3 Materiality  (12:1 odds). Winner of the Wood Memorial, Frosted, jockeyed by Joel Rosario, rallied down the stretch to earn a 2 ½ length victory. In 2013 Rosario won the world's richest horse race, the Dubai World Cup and in the same year won the Kentucky Derby aboard the colt Orb. The post position is not bad and this stalker could be a horse to contend with given that Rosario knows how to win the big races.

Starting in the 3rd position, Materiality, trained by Todd Pletcher and ridden by Javier Castellano could also be a surprise. Not much is known about this horse because he did not race last year; however, this year he is undefeated in three races (and with huge speed figures). With plenty of speed to burn, a top trainer and a favorable post position, this could be a wire-to-wire winner – especially if the rest of the horses decide to engage in a demolition derby.

Betting: Pairing up the horses above into an Exacta box could be a nice play or keying American Pharoah with the other three horses in a Trifecta bet could provide an attractive ROI. A Carpe Diem WPS bet might be a nice payout, especially if the line remains at 8:1. In any case, bet responsibly and enjoy the
Kentucky Derby!