Two business school instructors at Morehouse College and a third instructor at Howard University are the first to participate in a partnership between HBCUs and New York-based investment firm Morgan Stanley.
Morehouse College accounting Professor Dr. Cheryl Allen, finance Professor Dr. Kasim Alli and Howard University finance Professor Dr. Philip Fanara have been named the first recipients of the Morgan Stanley Professorship Initiative, which is designed to build a longstanding relationship between Morgan Stanley and HBCUs, according to the investment bank.
The goal is to link what is taught in the classroom to the skill sets needed for financial services industry professionals.
During the summer break Allen, Alli and Fanara spent six weeks at the Morgan Stanley headquarters working with managing directors in the bank’s research, equities and investment banking divisions, attending staff meetings and conducting individual research, Morgan Stanley spokeswoman Brigid Milligan said in an e-mail message.
“In many ways [the experience] confirmed a lot of things I have been teaching,” Howard University’s Fanara says. “I got a much better feel on how concepts I teach are applied in practice.”
In his graduate and undergraduate finance, investment, financial engineering, investment banking and private equity courses Fanara stresses the importance of studying industries to understand the task of developing products to eliminate risk.
Some roles in an investment bank may require a person to specialize in several companies within an industry, Fanara says. “You have to develop deep knowledge of specific industries so you can help design more efficient financial products for those companies.”
