Joe Micele: Hello, everyone. Thank you for joining us today. This is our live information session providing an overview of St. Bonaventure University Online Master of Business Administration degree program. Before I introduce our panelists and speakers for you today, I would like to go over a couple of quick notes. Today's event is being recorded for future viewing. We will be emailing out the recording to you within 48 hours of today's webinar. You will also be able to access the recording on our website online.sbu.edu. You are currently in a listen-only broadcast mode. Only our panelists are unmuted and able to speak. If you have questions, please type them in the questions box in the GoToWebinar window and click "Send." We will have a Q&A session with our panelists after the presentation. Feel free to type your questions in during the presentation and we will address them accordingly during the Q&A session.
We are joined today by a great group of panelists. We have three featured speakers today starting with Dr. Matrecia James, Dean of St. Bonaventure University School of Business. Dr. James Mahar, Associate Professor at SBU's School of Business, and Elizabeth Mattern, Visiting Assistant Professor at SBU's School of Business. Our two guest speakers today are Gina Heimbecker, Online Admissions Advisor at SBU and Kristen Lafevor, Online Admissions Advisor at SBU. We're also joined by our special guest, Arijana Musanovic, Online Student Success Advisor at SBU. Arijana is here to answer any questions you may have related to the online classroom or online experience as an SBU online student. My name is Joe Micele, and I will be your moderator today.
Before I turn the presentation over to our panelists, I'd like to quickly go through our agenda for today's session. Kristen Lafevor will speak first talking about why you should choose St. Bonaventure University, such as SBU's core values, rankings, and accreditations. Then we'll begin with our featured speakers. Dr. Matrecia James will discuss the St. Bonaventure's School of Business, the Online MBA program such as curriculum and the three tracks, as well as the impact of an MBA on your personal life and career.
Dr. Mahar will provide two course spotlights. He will discuss MBA 517, Economic Foundations and MBA 639, Behavioral Finance. Miss Mattern will also provide a course spotlight on MBA 611, the Legal Environment of Business, and Gina Heimbecker will discuss our admissions requirements and the application next steps. Finally, we will have our question and answer session with the panelists. I will now turn it over to our Online Admissions Advisor, Kristen Lafevor to discuss why to choose St. Bonaventure University.
Kristen Lafevor: Thank you, Joe. My name is Kristen Lafevor and why should you choose St. Bonaventure University? SBU is the nation's first Catholic-Franciscan university and prides itself on offering a career-focused curriculum while producing graduates who are leaders that make ethical and moral decisions. We've been established for over 150 years. We come to know our students on an individual basis to become their mentors, and we strive to bring out the best in everyone. Next slide, please.
I will now go over SBU's core values. These are the things that we pride ourselves on. Discovery: SBU steadfastly pursues intellectual, spiritual, and personal growth. Community: SBU believes in an all-inclusive community that values diversity and considers it a strength. Individual Worth: SBU treats all members of its community with dignity and strives to help them reach their full potential.
Now I will go over rankings and accreditation. St. Bonaventure University is regionally accredited by the Middle States Commission on Higher Education. We also hold an AACSB accreditation which only 5% of schools worldwide currently hold. We are ranked #27 per the U.S. News & World Report 2017, ranked #6 per the U.S. News & World Report 2017 "Best Value Schools," "Top 300 Best Value" per Kiplinger's Personal Finance and per Princeton Review "Best 380 Colleges." I will now turn over the presentation to Dr. Matrecia James.
Dr. Matrecia James: Good afternoon and welcome to our introduction to St. Bonaventure's Online MBA. I am the dean here, and again, I'm very excited to be a part of this webinar and look forward to any questions that you might have. St. Bonaventure University was just mentioned is over 150 years old. Our School of Business was founded in 1941, which makes us around 76 years old this year.
We're AACSB accredited since 2004, which gives us an elite status. You can feel assured that we have prescribed standards of learning and we are focused on continuous improvement.
We are focused on educating students to meet the challenge of a dynamic global business environment. In this, we embrace and appreciate all forms of multiculturalism. We celebrate differences. We focus on emphasizing real-world application, and we have strived to create a program that integrates responsible leadership values into all of our MBA programs.
Today, we'll focus specifically on our online MBA. Our online MBA is just that. It's 100% online. We have three tracks to choose from. You can also, if you would like, you can simply focus on a general MBA, which can be very valuable as well. But we have accounting, finance, and marketing tracks. In these tracks, students develop skills and insight that help build technical and professional knowledge while learning to consistently make moral and ethically sound decisions. We do really embody our Franciscan values, and we hope to help students focus on creating balance between professionalism and moralism and making a connection to community as you saw earlier.
Our online curriculum, the online MBA is 42 credit hours for non-business majors and can be as low as 30 credit hours for business majors. The structure is nine credits of foundation courses. These courses are especially important for non-business majors. They prepare you for the core of the business program. So we have 12 credits in the business core and 18 credits of graduate electives. This is where you begin to specialize and we have course-specific tracks.
So, you have three credits in the MBA Capstone, and in this particular class, all MBA students, regardless of chosen track, will take this class. It's a case-base curriculum that provides students with practical, normative, and integrated approaches to top management decision-making skills. In this class, we synthesize and draw upon all previous coursework.
When you're deciding to choose a track, often it lies in your career interest or maybe in this case you're venturing out. But just to give you a little bit on how these tracks are designed, the accounting track is designed for business professionals who desire to take on a higher-level leadership position in taxation and accounting. The finance track is designed to deliver advanced financial skills and leadership confidence needed to build management and support strong finance teams. The marketing track provides a broad-based and thorough marketing education that strengthens the ability to navigate our dynamic global business environment. All three of our tracks are designed to help you learn and apply cutting-edge business, leadership, and skills related to the specific chosen track.
So you might ask yourself, "Why get an MBA?" What do you hope to accomplish? We believe that our MBA is designed to enhance growth and promotability. If you're already in a chosen career, this MBA will help you grow and expand and increase your competitiveness and provide the skills that you would need to continue to move upward in your organization. It also will enhance your mobility.
Dr. Matrecia James: You can choose to explore new business adventures outside of your current organization. In all cases, it's designed for skill development and refinement. These three things taken together are expected to enhance your career and your personal development. So we are taking a holistic approach in that you can actually shape this MBA and apply it in ways that are most beneficial to you. I will pass now the torch to Dr. James Mahar.
Dr. James Mahar: Hi! I have been fortunate to teach across in the foundations, in the core, and now in the electives. I think I have a pretty good idea of where these classes fit, and I'm really excited to be able to explain two of them to you. So Economic Foundations, the first one, is really, as the name suggests, the foundation for a lot of what we do in economics and finance and I will even argue in business.
It talks about the normal topics that you do in economics — supply and demand, equilibrium, taxation, effects of taxation — but we also, again, from St. Bonaventure, we reach out and we look a little at developmental economics. For example, I go to Haiti quite regularly and we have programs there. We talk about how we bring those examples back into the classroom, and I think it's really… last year, I know we had Haitian students who happened to be on campus. They did a live class as well. So there's a lot of interactions here and it really does set a good foundation.
The second part of the class turns to finance, and then we get into time value of money and how to price stocks, and how to price bonds. Then into personal finance case where I will tell you now. If you take my class, your first finance case will be how to save for retirement and the importance of putting yourself on a regular program. It's useful for the class, but it's also useful for yourself. That's one of the things I try to do in all of my classes to make the cases, to make the homework relevant not just to your personal life, but also to the business world. It's not just sitting there and doing stuff that you don't need or you'll never touch again. It's stuff that you'll use almost from the get go. So, I think Economic Foundations is a really good kick-off class and I'm really excited about it whenever I get to teach it. It's one of my favorite classes to teach.
The next class is a newer class and it's Behavioral Finance and the reason I picked this one to talk about, first off, I love behavioral finance. I think it's sort of the marriage of psychology, economics, and finance all coming together. We look at a lot of science. We look at neuroscience. We have one week of the class where we just literally look at brain research and how the brain works and different parts of the brain, and we get at it from many, many methods. From FMRI machines to blood tests to you name and looking at how the brain works and the future of brain research.
That's really interesting. But I think if it was just that, it would be a psychology class. What makes this different is we look at how we make decisions and how those decisions impact our investment decisions, corporate finance decisions, and just daily life decisions. There's lots of evidence that people don't save for retirement as much as they should because they don't want to admit they're getting old. People, they trade more than they should because they think they can beat the market and they're overconfident. So, these biases are really interesting and really important.
Then the last couple weeks we get into how they're used in other fields, whether it's politics, whether it's marketing, or going back to one of my favorites, how it's used in developmental economics. So all of that said, the reason I picked this class to talk about is one of the things that online educations allow us to do is to really change the paradigm, and not just me lecturing to you as it would happen in an in-person class. The way we've designed this class is that you are going to a conference. And imagine a conference. You go and you go to all of these different speakers. The exact same thing, but we do it for seven weeks, and we have different speakers, some of whom I've recorded. Some of them are just people, professors at other universities, etc. We tie it all together and each day, which is actually a week in class time, we go through and report back to everyone on what you learned. The whole class, if you will, is a role-playing game where you are sent by your boss to come up with how behavioral finance can impact your company.
The big report at the end is exactly that. You write up a company and it could be fictional if you didn't want to use your own company, but I would encourage you to use your own and get some double use out of it, and then how behavioral finance topics can be used at your business. So, really a fun class. It's just a blast and I really love that class. Again, I think it's one of the things that we couldn't really do as well in an in-person environment. That's my 639 for you.
Elizabeth Mattern: Well, hi, guys. I'm next. I'm Elizabeth Mattern. I am the teacher of MBA 611, the Legal Environment of Business. I will also put a plug in for a course that we're currently developing that I'm very excited about, which is the MBA 650, which is Business Ethics, but we'll talk about MBA 611 here if we can get the next slide.
This course focuses on recognizing the impact of the law on management and marketing decision-making. Like Jim, I'm sort of going to give you an overview of what you could expect from the course, and it's constitutional law, elements of tort law, crime, cyber law, international law, intellectual property. I wanted sort of up-and-coming and pretty exciting social media and privacy concerns, employment law and discrimination. Wound into that, we also talk about labor law and immigration issues. We do antitrust, elements of investor protection. What I mean by that is federal securities laws and corporate governance issues, and then the basics of the legal system.
What can you expect as the learning outcomes from 611? The first is basic terminology. A lot of people will come to me as an attorney and say, "Use simple words. I don't understand what you're saying." So, we want to be able to understand the basic elements and terminology of business law so we can speak about it in a way that makes sense. Another big aspect is ethics, acquiring an appreciation both for your personal ethics and integrity and the practice of your organization. One thing to think about here, and sort of I digress a little, but a lot of textbooks say the law is the moral minimum. As long as you adhere by the law, you're doing all that's expected of you.
Well, take the case of Plessy v. Ferguson and the court said that separate but equal was fine across the land. It wasn't until 1954 in Brown v. Board of Education that the Supreme Court — this was a Supreme Court case — said, "No, separate but equal is not right." So the law says separate but equal for up until 1952 is fine, but was that really ethical? Obviously not. So tying those elements together.
Understanding the substantive legal topics and I would bring you up to the long list of things we've said before. Contemporary issues in business and law and some of the more exciting ones that we talk about are cyber-crime, Internet law, social media and privacy concerns, and some issues with securities, and then the global environment. Understanding how we relate the law on a broader level to maximize cost of doing business internationally. Okay?
Then how do you apply this in your career? The broad overarching theme of 611 is managing legal risk. So if you go back to that long list on the other page, all of it really boils down to how do you improve your ability to recognize and manage legal risks in your future business decision making, learn to avoid actions which are likely to result in unnecessary legal risk, and recognize the tools that are available to you as business professionals to inevitably, hopefully avoid that legal risk.
So what else should you be able to accomplish other than that broad managing the legal risk? Well, dealing with government agencies, protecting intellectual property. Whether that's copyrights, trademarks, patents, all of those things we discussed. Avoiding antitrust traps and product liability issues, addressing employment and labor relations issues, including employment discrimination. This is really a key one for a lot of students when they come into class. They're like, "I'm very interested in that topic. There's a lot of potential legal risk, publicity and expensive ramifications with that." Social media and privacy concerns for your organization, and then just generally utilizing the legal rules and ethical constraints to make those sound business decisions.
That's sort of an overview of MBA 611, the Legal Environment of Business. It's really fun to teach. Some of the aspects that we do? We have group projects that are pretty interesting. We look at very recent Supreme Court cases. The students read them and then present their findings, and write a short paper about did they agree with the court's decision?
Going back to what is legal versus what is ethical? They sometimes say, "No, the court got that wrong or I agreed with the court's decision." So, it's sometimes the first exposure that students have had to analyzing legal cases and looking at it both from a legal and an ethical perspective. So, I love teaching it and I hope some of you might consider taking it in the future. Thank you. I guess now I'm passing it off to Gina Heimbecker, our Admissions and Applications.
Gina Heimbecker: Yes, good afternoon. I am Gina Heimbecker, one of the online enrollment advisors here at St. Bonaventure, and I am going to go through information with you in regards to our admissions requirements. To start off, we will not require a GMAT or GRE with students who have a 3.3 GPA or a 3.0 GPA with two years of relevant work experience, and that is determined by the program director. We also need a Bachelor's degree from an accredited institution and transcripts from all colleges and universities with a completed résumé.
As far as the application next steps, the first thing would be to have a phone conversation with an admissions advisor and that would be myself or my colleague, Kristen Lafevor. You can complete your online application at www.sbu.edu/admission-aid/apply-now. With our application, there are no application fees, and we would need those official transcripts, which we do accept electronic or paper documented form and a résumé.
Our next term is going to begin July 3rd with the application deadline being June 16th. Please contact admissions to learn more or to begin your application. Our email address is email@example.com or call us at 844-424-4960.
Joe Micele: Great! Thank you, everyone, for your presentations. We will now go ahead and begin our Q&A. Again, please type your questions in the questions box in the GoToWebinar window and click "Send." You can go ahead and ask questions of any of our speakers and our panelists. Looking at one of our first questions here. Question here and Matrecia, since you spoke about the tracks, I'll turn this over to you. "Does a student have to pick a specific track or can they take electives from all three tracks?"
Dr. Matrecia James: The beauty of our program is that students do not have to choose a specific track. The general MBA is always an option and that gives each student the ability to kind of create a unique experience by selecting electives from any of the tracks or all of the tracks. So you can bundle them and make your own unique MBA and give yourself a broad base of knowledge if you would like.
Joe Micele: Great, thank you. This question is for our admissions advisors. How often do terms begin during the year?
Gina Heimbecker: We have six different points of entries that begin about every eight weeks. So I know we had mentioned the July 3rd session. The one following that then would be August 28th.
Joe Micele: Excellent, thank you. I think this is another good one for Dr. James. Can you do a dual track in the MBA program?
Dr. Matrecia James: There are a couple of classes that can go for any track. But depending on how you and your advisor manage your required courses, as you can see, if we go back, there was a previous slide that showed the structure where there are 18 credits of electives. So in that, you generally choose course specific. There are one or two classes that count for both. So it would be difficult without adding some extra credit hours.
Joe Micele: Great, thank you. Question here, and this would be for either Arijana or one of our admissions advisors. The individual says, "I noticed that you say four classes can be waived for those with a bachelor's degree in business, but I only see three foundation courses. What is the fourth course that can be waived?"
Arijana Musanovic: I can take this one. It's Arijana. The fourth course will depend on your background and then also your work experience. So it could be one of the core classes or it could be one of the electives as well.
Joe Micele: Great, thank you. I think this one here is a great question for Dr. James or either of our faculty members. What do you look for in a potential student entering the program?
Dr. Matrecia James: One of the things that I believe helps a student be successful in our online MBA is really the openness to learn, to have an innovative spirit, and to be self-driven. As you can imagine, unlike a face-to-face class where you are physically held accountable, you're not there. You're not physically there and you have to be self-motivated in order to engage in the class. The more you engage, the more you achieve, the more you gain from it, the more you feel a part of St. Bonaventure and our School of Business. So self-motivation. But there's lots of support from the faculty involved and from our resources. It just takes just some self-motivation, I think. I think that's probably the… and we need it in all levels, but online I think that's especially important.
Joe Micele: Great, thank you. We have a question here. "Do you have any dates over the summer that a person could come visit and meet the faculty of the MBA program?"
Dr. Matrecia James: We can certainly schedule visits. In fact, I like hearing that. I think that's exciting. We do have faculty on campus. I'm here from time to time, although we don't have preset dates, but you could coordinate through Arijana or your advisor or admissions and we can set up times, certainly, but we […] the campus.
Dr. James Mahar: Could I just jump in? I live in Olean, so I'm here. 90% of the time I'm on campus or around at least. So with a phone call, a text, I can be on campus within a half-hour pretty much whenever. Elizabeth Mattern: This is Elizabeth. The same applies to me. I live in Olean and I can be on campus within 10 minutes.
Dr. Matrecia James: I think the reason for the pre-schedule is to make sure that you can see both Beth and Jim, and maybe some other faculty as well, and to ensure that there aren't already scheduling conflicts. But it's not difficult at all for us to coordinate for students to join us on campus.
Joe Micele: Great. We have another question here. Jim, I know this is something I've heard you talk about, so I think I'll direct this to you. But as an online MBA student, are there ways for me to be able to network with my peers and faculty and feel a part of the SBU community?
Dr. James Mahar: Yes, yes, yes. I would say definitely. I will admit that I had my reservations when we first started going online that it wasn't going to be that way, and it has turned out to be the exact opposite. I think there's lots of ways people are allowed. Whether it's on field trips, if you want to call them that… I teach finance, so I'm going to talk about finance, but the same is true for other areas as well.
In the Finance department, we take a group to New York City every fall. We take a group to Chicago every spring, and all participants, online or not, they can go for those as well. We can meet. We have networking opportunities. We do tours of Wall Street firms. We do tours of the Chicago Board of Exchange, etc. It's amazing how many jobs do come out of that, whether they're with startup companies, with software in Chicago, or whether they're working literally… there's one company, Royal Bank of Canada. I might as well say that it generally takes one of my top students every single year. So, we go there. There's lots of opportunities like that.
We also have a Students and Money Management program on campus, which while I don't think you would get credit for it — I don't see how we could structure it in a seven-week format or anything — you're more than willing to take it as a club where we have about a half-million dollars of money that they invest and that they do stock pitches, and all of that stuff could be done online. People could vote for whether we buy a stock or not. The only issue would be that there is a time period. I mean, it's not a traditional online class as well. You can do it anytime in the next week. [00:30:00] We would be tied to the 4 to 5:15 Monday, Wednesday period for those, but more than welcome to jump in and get involved with those. We also have many speakers come to campus. We have a Friday forum almost every single Friday during the traditional school year, where we have people, whether it be Skype or Zoom or whatever, come from around the globe and also many come to campus. Those are usually around noontime and always, always welcome to participate.
We've had major speakers at university that most of them stream and people can get involved and go to those. In fact, what I've done in my classes is put those up as extra credit assignments. So this spring, for instance, we had a couple speakers, and in my classes, they just did a two-page report on the speaker and I was shocked that people loved… I mean just loved it. Like, "Oh, thank you! This was the best speaker I've heard. Thank you so much. Just really added to the class." So, lots of ways to get involved.
Also, I'm going to just throw out there. I also run a group called Bona Responds and we do work in Haiti and other places and all around the country, really. Whenever you want to go on one of those trips, also would be available. So yeah, lots of networking opportunities, I think.
Dr. Matrecia James: I would also like to add one other opportunity that we would like to emphasize and encourage students to participate in and that's our global China trip. Our on-ground MBAs, and occasionally some undergraduates, will go to China. And the China trip has been around for 30 years, and we extend that same opportunity to our online students. In this situation, you'd spend two weeks with a professor and on-ground students in China visiting a number of corporations and really getting submerged in a new culture.
We think that is very important as we are developing global scholars that you actually have that opportunity to interact in a particular country, but you would also get the interaction with students that are here and a professor who does not teach online. So, you would broaden your interaction with the School of Business professor. I think it's an awesome experience. Again, it's not for credit, but it would be an experience that I think would be very impactful.
Joe Micele: Excellent. Thank you both. Another question here. "What would be the difference between the marketing track electives and similar marketing classes that I may have taken in my undergrad?" This individual says, for example, they took a class called Consumer Behavior in their undergraduate program, and they would have to be taking that class again at St. Bonaventure in the MBA.
Dr. Matrecia James: In a lot of cases, the course titles will be similar for undergraduate and graduate, but the level of… the rigor for the class and the approach to the class and the expectations of the class will be different at the graduate level than at the undergraduate level. We also, at the graduate level, will have lots of applied coursework because you're learning as an undergraduate student you haven't had the real-world experience. Most of our MBAs have had some experience, whether that was internships that they're going straight into the MBA from the undergraduate, but just a lot of practical application and critical thinking at a level that would be different for an MBA. It should not and will not be a duplicate of an undergraduate class.
Joe Micele: Great, thank you. Another question here. "I'm currently the vice-president of finance for a mid-sized organization and intend to stay in this industry. I'm considering the finance track as opposed to the accounting track. Can you tell me if many of your students like me take the finance track and what would that offer over the accounting track?"
Dr. James Mahar: Matrecia, do you want it or do you want me to…?
Dr. Matrecia James: I'm going to hand that one to you since it's a finance…
Dr. James Mahar: Okay. Yes. I mean, we have, I can tell you, quite a few in finance. I can't tell you. I don't know the numbers, not that I can't tell you, I just don't know the numbers of how many people we have on the track. It appears to be quite a few to me just teaching the classes. Some of them work. In fact, I know one works in the mutual fund industry and has been there for 10 or 15 years. So you're not alone in that track, by any stretch of the imagination.
What does it offer? It offers more on the investment side of the world than looking at balance sheets and financial statements. I don't know. Clearly there's a lot of overlap between accounting and finance, but I like to joke with my accounting colleagues that we tend to be more forward-looking and seeing what's happening in the future. We also look at things, whether it's trading.
A new program, which I didn't get to speak to before in a question, but might be something if you're interested in this area you might want to get into. We are starting an algorithmic trading program here, and while it wouldn't be for credit, it would be something that you could get involved with. We're working with computer science and things, so it would be once a week online, but the rest of the time you would be pretty much working on your own helping, whatever you want to call it, write programs, helping come up with plans, trading strategies, etc.
So, those things clearly aren't accounting based at all. I'm not sure if I answered the question, but I would say that the big difference is less on tax law and things like that and much more on, "Okay, how do you make money? How do people make money? What's investment banking? How do companies raise capital, etc.?"
Joe Micele: Great, thanks. Sort of in the same area, and Jim, I think this would be appropriate for you as well, then. Are there any accounting or finance courses where you go beyond just the, pardon me, the reporting aspects and dig into financial data analysis such as budgeting, forecasting, etc.?
Dr. James Mahar: In MBA 610, which is a core course, we do look, at least somewhat, at capital budgeting and making decisions based off of… our starting point becomes the financial statement, but where we go with that is significantly further. There's also an accounting, financial statement analysis course that digs in very deep into historical statements trying to look for things like fraud or stuff like that. So depending on which class, but, yes. There's multiple opportunities for that.
Joe Micele: Great, thank you. Here's a question for our admissions advisors. Are transfer credits allowed?
Gina Heimbecker: What will happen is that our program directors will do an evaluation of the transcripts and the résumé to determine if any possible course waivers can be put into place for those business foundation courses. There is a possible course waivers going from a full 42-credit program down to as low as 30 credits.
Joe Micele: Thank you. Another question here for our admissions advisors. What is the cost of the program?
Gina Heimbecker: We charge $733 a credit hour. As I mentioned before, the program can range from 30 to 42 credits. If you received all possible course waivers put into place and you come in at a 30-credit program, you're looking at $21,990. If you came in with no course waivers, you'd be looking at a 42-credit program, which is $30,786. The only thing not included with those tuition and fees are the textbooks.
Joe Micele: Great, thank you. Right now looks like it was our last question, but let's go ahead and take a minute in case anyone else has some additional questions. Okay, it looks like that was indeed our last question. Thank you, again, to our speakers and our panelists, and thank you, again, to all of our attendees. You know what? I apologize. It looks like somebody just snuck in with a last question for our admissions folks. Are the textbooks purchased through SBU?
Gina Heimbecker: We do advise our students to go through… our professors do provide the textbooks that are required to go through SBU's library and be able to order those through the bookstore. Of course, students are more than welcome to look at other sources for ordering textbooks, but we highly recommend using SBU's textbooks to make sure that you're getting the correct ones in place and the correct versions and editions.
Joe Micele: Great, thank you. Okay, and that looks like it actually was our last question there. Again, thank you to our speaker and our panelists, speakers and panelists. Thank you all, again, for taking the time to join us today. We hope you found today's session helpful and informative and that your questions were answered. You can always reach out to your online admissions advisor, Kristen or Gina, for any other questions or assistance you may need.
Again, today's presentation and question and answer session were recorded, and that recording will be emailed out to you. You will also be able to access through our site at online.sbu.edu. Thank you and have a great rest of your day.
Dr. James Mahar: Thank you, guys.