The University of Rochester said Monday it has received a $5 million gift to support its new undergraduate business major.
The gift was given by Barry Florescue, an alumnus and member of UR’s board of trustees. It will be used to support tenure-track faculty at Simon Graduate School of Business who will be teaching courses related to the core curriculum of the major, officials said. It also will support costs associated with the new major.
An extension of the pre-existing business minor, the major was approved by the state Department of Education in February. Richard Feldman, dean of the college, said there has been increased student interest in a business major, which will provide an expanded selection of courses in economics and statistics, as well as business-related disciplines, including finance, accounting, marketing, operations management and organizational strategy.
In recognition of the support and contributions Florescue has provided for the development of the major, it will be named the Barry Florescue Undergraduate Business Degree Program.
Florescue is chairman of BMD Management Co. Inc., and a member of the Simon School’s executive advisory committee.
“When I learned that the university was considering reestablishing the business major that I pursued as an undergraduate, I knew this was an important area of the dynamic curriculum that was worth supporting,” said Florescue. “I am pleased to be a part of this new program, knowing that it will prepare our students to become successful players in the world of business.”
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