Letter From the President
One of the great things about being President of Pace is the daily opportunity it gives me to see this University’s outstanding qualities—our talented community of students, faculty, and staff; our powerful blend of liberal arts and professional preparation; and our high-achieving alumni, who are leading at every level of their professions. As alumni, you may be aware of many of the accomplishments of the new Pace, but did you know that Pace has had 34 Fulbright recipients in the past decade? Or that our performing arts program gives students the opportunity to act on Broadway while they are attending Pace? Or that our undergraduate internship program was named one of
the top 10 in the nation?
I know you’ll be proud to learn that a team of Pace economics students recently won second place in the New York Federal Reserve Bank’s “College Federal Reserve Challenge.” They beat out schools like Columbia, Cornell, West Point, NYU, and Princeton. A Pace senior, whose professors describe him as brilliant, graduated this May after receiving a full scholarship from the U.S. Department of Defense’s Information Assurance Scholarship Program, one of only 18 students in the nation to receive this highly selective award. A Pace freshman just received the 2012 Jeannette K. Watson Fellowship, which will provide paid summer internships, mentoring, and other education opportunities in recognition of her exceptional promise, outstanding leadership skills, and commitment to the common good. And, as of this writing, a Pace junior was named NE-10 Pitcher of the Week after hurling a complete game four-hitter and striking out 13 batters in a 9-1 Pace win.
I could go on and on. Why are so many excellent students coming to Pace each year? Because the value proposition of a Pace education is so clear. For example, the job placement rate of Pace students upon graduation is currently 10 percent higher than the national average. Starting salaries are also 10 percent higher than the national average. And our student loan default rate among alumni is a low 2.4 percent—lower than any of our peer institutions.
We recently received the good news that Standard & Poor’s has raised its underlying rating on the University’s long-term debt to investment grade with a stable outlook. This upgrade is the direct result of several strategic initiatives put in place over the past few years and represents a powerful external recognition that Pace has turned an important corner in ourfinancial performance.
This is all very exciting, but it’s not enough that we know about what’s happening at Pace. We want the world to know too. To that end, we recently launched a new advertising campaign that will spotlight points of pride across the University. Pace ads are appearing in the print and online versions of national and local news outlets, including The New York Times, The Wall Street Journal, The New York Post, and The Westchester Journal News. The ads also link to a new page on the Pace website called Success Stories Start Here (www.pace.edu/success-stories), which highlights more outstanding students, faculty, and alumni. Their stories are fascinating, and they will make you feel very proud to be part of the Pace Community.
Throughout this issue of Pace Magazine, you will learn more about the momentum that is visible across our campuses. As we tell the world about what makes Pace such a special place, each of these developments will strengthen our competitive position and sustain our mission of Opportunitasin the 21st century.
Stephen J. Friedman