BEM - Its.caltech.edu
BEMBusiness Economics & Managementat the California Institute of Technology
PROGRAM GOALSDeveloping Analytical Tools for BusinessThe Business Economics & Management program provides the formal framework for analyzingand operating in complex strategic environments.Because modern markets are volatile, complicated places, we focus on theory. We study thefundamentals of business strategy—finance, pricing, bargaining, cooperation and conflict, productdifferentiation, and industry analysis.Once the theory is in place, we use it to characterize real-world problems and evaluate solutions.Chelsea Chang, BEM/EE ‘05: I think Caltech’s BEM curriculumuniquely suits its student body. I’m an electrical engineer, and whenI first started thinking about also doing BEM, I didn’t know muchabout business at all. The mathematical nature of the courses makesthem more inviting to our science-oriented minds and helps usgrasp the fundamental theories of economics and business.
PROGRAM GOALS (CONT’D)Business Process OptimizationOrganizational design. Market design. Risk management.These are the techniques.that allow us to investigate and understand how competitors behave inthe marketplace.They show us how changes in the marketplace itself are reflected in the actions of firms, how firmsthemselves can alter the structure of the marketplace, and how the structure of firms determinestheir optimal behavior.Alice Lin, BEM/Biology ‘05: I decided to double major in BEMbecause I didn’t want to be stuck behind a lab bench for the rest ofmy life. Having a BEM major is a practical way to apply myknowledge to the real world. Plus, BEM classes are a lot of fun. Theexamples used in BEM courses are real current events that comefrom today’s news, not the movements of tiny organisms that canonly be seen with a microscope.
PROGRAM GOALS (CONT’D)Commercializing and Managing ScienceWe emphasize businesses with a research focus, especially those involving science,technology, engineering and mathematics. Traditional businesses are not neglected,however, because business tools are universal.Andrey Evtimov, BEM ‘06: Learning from the best is aremarkable experience and the BEM professors at Caltech are trulyamong the best in their field. Whether it is accounting, finance,investment analysis, or competitive strategy, the BEM classes areboth challenging and exciting. Moreover, they are very substancerich and practical, enabling you to apply classroom knowledge tothe real world.Charlotte Guo, BEM/Biology ‘05: BEM trains a scientist tothink “outside the box” and allows us to go beyond pure scientificresearch. Being a double major has opened many doors for me.After graduation, I plan to go into a MD/MBA program andeventually work in the management side of a pharmaceuticalcompany’s R&D department.
CURRICULUMCurriculum and Program of StudyBEM provides practical business theory and tools. It is often used as a double major with a sciencemajor, preparing a student to take a managerial role in a technically-oriented firm. However, itis increasingly popular as a stand-alone major for students interested in Wall Street or consultingemployment.Finance (BEM 103, 104 & 105)The first in this sequence of courses develops basic finance tools, including CAPM and financialeconometrics. The second delves more deeply into the theory and practice of asset pricing. Thesequence culminates with the theory of option pricing, focused on derivatives analysis. It is builtaround the main model for pricing and risk management of derivatives, namely the dynamic arbitrage model. The course will focus on implementation of this model in a continuous-time setting.This means that students will be introduced to stochastic integration theory of the Itô type. Variousfinancial problems will be studied, including portfolio insurance and fixed-income portfoliomanagement.Competitive Strategy (BEM 106)This course introduces major concepts of business strategy. The main focus is on the interactionof firms and strategies aimed at sustainable profits. Topics include industry analysis, differentiation, bargaining, competitive advantage, product life cycle, organizational design, cooperation, andantitrust. The course is run using class discussion of case studies intermingled with theory.Organizational Design (BEM 146)How are employees motivated and trained? How is responsibility and decision-making authoritydetermined in corporations? What is corporate culture and how can it be developed and improved?How is executive compensation determined? What are a manager’s ethicalresponsibilities? These are the main questions of organizational design, which areaddressed with a variety of theoretical and empirical approaches.
CAREERSAfter Graduation.The superior intellect of the Caltech student, combined with state of the art business education,is an attractive package for employers. The following companies have employed BEM-trainedstudents:* Bain* Barclays* D.E. Shaw* First Quadrant* Goldman Sachs* Hull Trading* Lehman Brothers* L.E.K.* McKinsey* Morgan Stanley* PIMCO* Susquehanna* JP MorganLibin Zhang, BEM/Biology ‘05: Being a double major in BEM wasinstrumental in my admittance to Harvard Law School. The BEM major,with only 13 required classes, is an easy and flexible way to demonstrateinterest outside science. My extensive expertise in economics, combinedwith my other line of study, geobiology, should prove invaluable in mypursuit of environmental or international trade law.
About CaltechCaltech students are highly motivated and highly accomplished. They work more per unit ofeducation than students at any other school. The institute, located in Pasadena, Calif., wasranked fourth of the world’s top ten universities in The Times Higher Education Supplement in2004, and the best national university in U.S. News and World Report in 2000.Caltech students are ambitious and energetic and would make excellent additions to anycorporate environment.Caltech encourages innovaters and entrepreneurs. According to the Caltech Annual Report,Caltech registered more U.S patents than any other single university in 2003-04. Since 1995Caltech has supported the launch of 60 high-technology startups, and undergraduates have beeninvolved in many of them.Evidence of the highly accomplished and responsible character of Caltech students are theirplacements at university, corporate and government research facilities all over the world, and athighly successful companies including top consulting firms such as McKinsey, Bain, and BCG,and top Wall Street firms such as Goldman Sachs and Morgan Stanley.
About Caltech Caltech students are highly motivated and highly accomplished. They work more per unit of education than students at any other school. The institute, located in Pasadena, Calif., was ranked fourth of the world's top ten universities in The Times Higher Education Supplement in
Program in DevOps, in collaboration with Caltech CTME. This program features the perfect mix of theory, case studies, and extensive hands-on practice to prepare you for . 20 Real-life projects on integrated labs Caltech CTME circle membership Physical certificate from Caltech CTME (on request) Online convocation by Caltech
located in California. The ACN on the Caltech campus is in a park-ing garage and has 54 EVSEs (Electric Vehicle Supply Equipment or charging stations) along with a 50 kW dc fast charger. The Caltech ACN is open to the public and is often used by non-Caltech drivers. Since the parking garage is near the campus gym, many drivers
As machine learning evolves, the importance of geometry and topology of data is increasingly acknowledged, seeSindhwani et al.(2010). . Corresponding author Email addresses: mbudnin@caltech.edu (Max Budninskiy), aabdelaz@caltech.edu (Ameera Abdelaziz), ytong@msu.edu (Yiying Tong), mathieu@caltech.edu (Mathieu Desbrun) Preprint submitted to .
Discrete mechanics and variational integrators J. E. Marsden and M. West ControlandDynamicalSystems107-81, Caltech,Pasadena,CA91125-8100,USA E-mail:marsden@cds.caltech.edu mwest@cds.caltech.edu This paper gives a review of integration algorithms for flnite dimensional mechanical systems that are based on discrete variational
California Institute of Technology Laboratory and Workplace Safety Signs Caltech Environment, Health, and Safety Office 1200 E. California Blvd., M/C 25-6 Pasadena, CA 91125 Phone: 626.395.6727 Fax: 626.577.6028 Email: safety@caltech.edu Website: www.safety.caltech.edu 2021
qualification Radiation facility studies . SnPb with Pre -Aging. NEPP ETW - 2017. Reza Ghaffarian/JPL/Caltech. NEPP ETW - 2017. Reza Ghaffarian/JPL/Caltech. MLF68-10mm. NEPP ETW - 2017. Reza Ghaffarian/JPL/Caltech. MLF28-7mm. . The author would like to acknowledge the support of the JPL team and industry partners. The author also extends
Founded in 1891, Caltech is a world-renowned science and engineering institute that marshals some of the world's brightest minds and most innovative tools to address fundamental scientific questions and pressing societal challenges. An independent, privately supported institution located in Pasadena, California, Caltech also
Introduction to Takaful Prepared by: Dr. Khalid Al Amri 6 Conventional Insurance (non-mutual) Takaful Insurance Five Key Elements Speculation Uncertainty Prohibited activities Mutual Guarantee: The basic objective of Takaful is to pay a defined loss from a defined fund. Liability and all losses are divided between policyholders. The policyholders are both the insurer and the insured Ownership .
