S.12-57
    SFU
    OFFICE OF THE VICE-PRESIDENT, ACADEMIC AND PROVOST
    University Drive, Burnaby, BC
    Canada V5A 1S6
    TEL: 778.782.3925
    FAX: 778.782.5876
    vpacad@sfu.ca
    www.sfu.ca/vpacademic
    MEMORANDUM
    ATTENTION
    Senate
    DATE
    March 12,2012
    FROM
    Jon Driver, Vice-President, Academic and
    PAGES 1/1
    Provost, and Chair, SCUP
    a
    RE:
    Beedie School of Business: Proposal to Dissolve the Global Asset And Wealth Management Program
    (SCUP 12-02)
    At its March 7, 2012 meeting SCUP reviewed and approved the proposal to dissolve the Global Asset and
    Wealth Management Program within the Beedie School of Business, effective Fall 2012.
    Motion:
    That Senate approve and recommend to the Board of Governors the dissolution of the Global Asset and
    Wealth Management Program within the Beedie School of Business, effective Fall 2012.
    encl.
    c: C. Collins
    SIMON ERASER UNIVERSITY
    THINKING OF THE WORLD
    MEMO
    Dean of
    Graduate Studies
    SIR EET ADDRESS
    Maggie Benston
    Student Services Centre
    1100
    Burnaby BC V5A 1S6
    Canada
    MAN.INC ADDR ESS
    8888 University Drive
    Burnaby BC V5A
    iS<5
    Canada
    SFU
    SCUP 12-02
    TO:SCUP
    TEL
    FROM Wade Parkhouse, Dean, Graduate Studies
    RE Beedie School of Business
    [GS2012.08]
    CC Colleen Collins
    DATE February 7, 2012
    At its meeting of 6 February 2012, the SGSC approved the following proposal to
    discontinue and dissolve the program and is forwarding it to SCUP for consideration:
    Beedie School of Business
    [GS2012.08]
    Global Asset and Wealth Management (GAWM ")Program
    i) Proposal to Discontinue and Dissolve GAWM Program
    Senators wishing to consult a more detailed report of curriculum revisions
    may do so by going to Docushare:
    https://docushare.sfu.ca/dsweb/View/Collection-12682
    If you are unable to access the information, please call 778-782-3168 or email
    shellev gair@sfu.ca.
    X
    SFU
    BEEDIE SCHOOL OF BUSINESS
    SIMON FRASER UNIVERSITY
    MEMO
    ATTENTION: Wade Parkhouse, Dean Graduate Studies
    Beedie School of Business
    |
    FROM: Cotteen Collins, Associate Dean Graduate Programs
    Segal Graduate School of Business
    500 Granville Street
    | RE: Proposal to Discontinue and Dissolve
    GAWM
    program
    Vancouver, BC Canada
    V6C 1W6
    I DATE: February 15.2012
    The Beedie School of Business on the recommendation of the Faculty Graduate Studies
    committee recommends the suspension of admissions to the Global Asset and Wealth
    Management (GAWM) MBA program.
    1. The credential is the Global Asset and Wealth Management MBA.The field of study is
    within
    finance in the business discipline. The program is located at the Segal Graduate
    School at the Vancouver campus.
    2.
    The Beedie School of Business offered the degree beginning in 2004.
    3. Admissions were informally suspended by the faculty in 2009 (prior to the dissolution/
    suspension policy) due to limited numbers of qualified applicants. The intention is to
    dissolve the program expeditiously.
    A.
    Reasons for suspension of admission and dissolution
    •
    Curricular issues: The GAWM program was designed for relatively senior industry
    practitioners with strong affinity for working face-to-face with clients. While this
    approach is well justified given the size of the local wealth management industry, it
    did not fit sufficiently well the strengths of the students who were interested inthe
    program, and it did not exploit the internal expertise of the finance faculty.
    Specifically,
    the program was lacking a strong quantitative core of courses, which
    made it challenging for the more junior people in the program to secure entry-level
    positions.
    •
    Enrollment: The introduction of the Masters of Financial Risk Management (MFRM]
    in fall 2005 as a Masters of Arts under special arrangements, reduced enrollments
    in the GAWM for two reasons: the MFRM had lower tuition and a unique curriculum
    focused on the development of graduates prepared for the increasing global
    demand for skilled financial risk professionals across financial and regulatory
    institutions. Because some the courses in both GAWM and MFRM overlapped,
    students chose the more unique program with lower tuition.
    Plan for phasing out program
    a. There are no currently registered students and no degrees outstanding. All
    students who were registered in the GAWM have been informed that the
    program would not be continued. In some cases students transferred into the
    MFRMor
    other MBA programs.
    b. No new students have been admitted since 2008. Students enquiring about the
    program have been directed to the MFRM program.
    c. Continuing faculty who taught in the GAWM program have been redeployed to
    MFRM/ MSc Finor to undergraduate BBA finance courses. Staff from GAWM
    was redeployed to MFRM/ MSc Fin.
    d. Because the program enrolled only students admitted to the program and all
    courses were specific to the program, other departments and Faculties were
    3
    SIMON PRASES UNIVERSITY
    THINKING OF THE WORLD
    SFU
    BEEDIE SCHOOL OF BUSINESS
    SIMON FRASER UNIVERSITY
    not impacted.
    e. Other cognate disciplines were not affected.
    f. Timeline:
    Admissions suspended by department Spring 2009
    Final
    GAWM course offered Summer 2010. Projects continued to be
    supervised for students completing through 2011.
    Students with outstanding GAWM courses as of Fall 2010 transferred
    to MFRM, EMBA, MBA.
    2012-01 three students with incomplete GAWM degrees (have not
    registered in
    U
    years).
    v. Spring 2012 admissions formally suspended
    vi. Fall 2012 program formally dissolved
    6. Contact information: Dean Daniel Shapiro dshapiroBsfu.ca 778-782-3640 / 7839
    V
    SIMON FRASER UNIVERSITY
    THINKING OF THE WORLD

    Back to top