Tuesday's Headlines: Public B-Schools a Bargain
Brand name undergrad business programs aren't as hot as you might think. This is especially true when calculating the ROI on your degree, according to a recent Bloomberg Businessweek analysis, which found that on average, state school costs are about a third of private schools, while starting salaries lag by just 9%. Further, some schools graduate students who earn just as much as those who graduate from private institutions, including University of Virginia and University of Michigan.
"In our analysis of starting salaries earned per annual tuition dollar spent, the state schools fare much better, averaging $4.97 vs. $1.64 for the private schools," the article states.
Ameriprise will sell its Securities America, following an agreement a settlement of $160 million to investors. [DealBook]
BofA's investment banked named RBS's Jennifer Hill to CFO. [NY Times]
Standard Bank looks to sell its operations in Turkey and Argentina. [Financial Times]
Industry insiders warn about the increasingly popular hedge-fund-like Ucits vehicles, as regulators cannot keep pace with fund managers' strategies. [Financial Times]
Venture capital firm Greycroft Partners, a Huffington Post backer, added three senior executives, including IAG Research former co-chief executive Alan Gould. [DealBook]
UBS attracted the most new money from wealthy customers since the end of 2007. [Bloomberg]
The independent broker-dealer industry came roaring back in 2010, with the 25 biggest firms reporting a 16.9% revenue jump. [Investment News]