University of Delaware uneasy over by JPMorgan funding

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A proposed program in financial services analytics at the University of Delaware, funded by a $16.5m pledge from JPMorgan, has some faculty uneasy about the bank’s potential influence.

Bloomberg reports that the bank would have the option of taking a seat on dissertation committees and to advise on faculty for the program, according to Bruce Weber, dean of the university’s Alfred Lerner College of Business & Economics.

While companies and business leaders are frequent donors to universities, at issue is whether JPMorgan would have too much say over the curriculum and research. The school is training future financial leaders and the bank would offer relevant expertise to them and a pipeline for employment, Weber said.

'I’d be worried if JPMorgan had no interest in giving us advice', said Weber, a professor of business administration, in an interview. 'In a fast-moving field, sometimes industry can run ahead of the academics and you need that reality check and need the ability to test the relevance of what we’re working on'.

JPMorgan is no stranger to the University of Delaware. It opened an innovation centre in 2011 on campus where students, faculty and employees work on research projects, according to the website. The centre also provides jobs for students. Weber said he approached JPMorgan, which has also worked with the business school on undergraduate courses, about taking their ties 'to the next level'.

To access the complete Bloomberg article hit the link below

JPMorgan-Funded Ph.D. Program at Delaware Troubles Some Faculty

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