IT JOB MARKET MAINTAINS ITS MOMENTUM IN MANHATTAN AND REMAINS ROBUST IN WESTCHESTER COUNTY, NEW PACE U. REPORT SHOWS

FOR IMMEDIATE RELEASE

Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, wcaldwell@pace.edu

IT JOB MARKET MAINTAINS ITS MOMENTUM IN MANHATTAN AND REMAINS ROBUST IN WESTCHESTER COUNTY, NEW PACE U. REPORT SHOWS

New York, NY – October 13, 2010 – The information technology job market continued to gather momentum in Manhattan and remained robust in Westchester County, according to the third quarter Pace/SkillPROOF IT Index Report (PSII), out today.

The index for Manhattan gained another 9 percent over an exceptionally strong second quarter, rising from 110 to 119. “Although the increase is relatively modest, it validates our belief that the recession for IT professionals has ended,” the researchers write. “It is also worth noting that the IT labor market increased substantially over the 3rd quarter of 2009 when it registered 43, an increase of 278 percent!”

The Westchester IT job market appeared to be an anomaly in the third quarter of 2010. Although overall growth declined by 9 percent during the previous three months, ten of the eleven categories that comprise the index exhibited positive growth in the third quarter.

The PSII is a composite index produced by Pace using data from the SkillPROOF company that provides a snapshot of IT job openings at major firms in separate reports for Manhattan and Westchester County. The 11 standard IT job categories are those defined by the U.S. Bureau of Labor Statistics.

Positive signs

Another positive characteristic of the past quarter in Manhattan was that of the eleven standard categories of the index, all but one showed gains, ranging from 32 percent for Computer Scientists, Research to approximately one percent for Other Computer Specialists. In the year-to-year data for Manhattan, nine of the eleven categories of the IT industry had substantial gains, led by Software Engineers, Applications at 303 percent, while two had declines, led by Network Administrators with a decrease of 44 percent. Quarterly comparisons, however, were less dramatic. Of the eleven categories, ten advanced and only one declined. Among the winners, Computer Scientists, Research increased by 31 percent followed by Software Engineers, Applications by 22 percent. Network and Computer Administrators, the only sector that showed declining demand during the second quarter, fell faster and farther in the third quarter, making this sector the poorest performer of the year.

In Westchester, the category of Computer Scientists, Research, which has led the market since the index began gathering data in 2004, dropped by 14 percent. Still, its previous surges mean that on an annual basis the category registered an increase of 224 percent. On the positive side, demand for Systems Analysts increased by more than 400 percent this quarter, followed by IT Managers at 240 percent.

“By many accounts, the recession is over,” said Tom Murphy (MS/CS ’11), VP of IT Infrastructure/UNIX Engineering at Millennium Partners, LP, in a sidebar of the report. “The Dow Jones Industrial Average is about 1300 points higher than a year ago, and, as businesses feel more secure, they will increase hiring. International Data Corporation (IDC) indicated a 5.8% growth rate in IT spending through the end of the year, with government, banking, and manufacturing taking the lead. This should translate into increased employment opportunities in the region.”

Murphy added: “New technological trends create new career opportunities. Indeed.com lists virtualization and cloud computing among its top IT job trends. This year, Gartner reported that 39% of 1587 companies surveyed now allocate resources to cloud computing, with 46% of them planning on increasing their budget next year. For IT professionals this translates specifically into jobs for programmers and systems engineers.”

The reports are available at http://www.pace.edu/pace/seidenberg/features-special-events/paceskillproof-it-index/

The Index partners. The PSII was developed and is calculated by Farrokh Hormozi, a professor of economics and public administration in Pace University’s Dyson College of Arts and Sciences and chair of its department of public administration. The index is based on labor market data showing actual, listed openings that is provided by Henning Seip of SkillPROOF, Inc. The index is produced under the auspices of Pace’s Seidenberg School of Computer Science and Information Systems. www.seidenberg.pace.edu

For 104 years Pace University has produced thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

SkillPROOF Inc. is a technology firm specializing in job market research. Headquartered in Bridgeport, Connecticut, since 2003 it has tracked and analyzed job openings from brand name employers in the United States, using proprietary Internet technology. www.skillproof.com

Visit Pace on the web: Pace.edu | Facebook | Twitter | Flickr | YouTube .

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NY Daily News: Author Edwidge Danticat leads Haiti benefit

Enjoy a special event for a special cause – “An Evening with Edwidge Danticat: Haiti on My Mind – a Fundraiser” from 6 p.m. to 9 p.m. next Thursday at Pace University’s Schimmel Auditorium, 1 Pace Plaza.

http://www.nydailynews.com/ny_local/brooklyn/2010/09/26/2010-09-26_love_at_first_page_in_relationship_book.html

“Immigration: A Right or a Privilege?” – A discussion at Pace University’s Constitution Day celebration Tuesday, September 14

As the mosque controversy fuels the debate over immigration policy reforms, Muzaffar A. Chishti, a lawyer and director of Migration Policy Institute’s office at New York University School of Law, will discuss “Immigration: A Right or a Privilege?” on Tuesday, September 14 at Pace University’s Constitution Day celebration on its downtown New York City campus in the Student Union, 12:30 p.m.-1:30 p.m. Open to the public.

Pace’s Theater Program Appears in The New York Times’s article, “Answers to Your Questions About College Theater Programs”

Mary Anna Dennard, the author of “I Got In!: The Ultimate College Audition Guide for Acting and Musical Theater,” answered questions about college theater programs and mentioned that Pace’s as among those that offer “direct relationships with industry professionals.” She also explained that during her years as a casting director she “had relationships with and respect for these institutions.”


(Photo from Pace University website.)

In this New York Times Article, Mary Anna Dennard, the author of “I Got In!: The Ultimate College Audition Guide for Acting and Musical Theater,” answered questions about college theater programs and mentioned that Pace’s as among those that offer “direct relationships with industry professionals.” She also explained that during her years as a casting director she “had relationships with and respect for these institutions.”

“Kaitlin Hopkins at Texas State and Amy Rogers at Pace have solid industry contacts with agents and casting directors and composers. They use those connections to help their students upon graduation, and even before with four years of master classes and workshops,” she adds.

Here is the link to the full article: http://artsbeat.blogs.nytimes.com/2010/08/11/answers-to-your-questions-about-college-theater-programs/

To preview the upcoming 2010-2011 season, visit http://www.pace.edu/pace/dyson/academic-departments-and-programs/performing-arts/current-productions/.

A U.S. News and World Report Article Commends Lubin’s Entrepreneurial Programs for M.B.A. Students

The U.S. News and World Report article about new entrepreneurial programs for M.B.A. students commends Pace and Lubin’s unique travel courses on entrepreneurship.


LUBIN SCHOOL OF BUSINESS

A U.S. News and World Report article about new entrepreneurial programs for M.B.A. students commends Pace and Lubin’s unique travel courses on entrepreneurship.

The article first details Professor Bruce Bachenheimer’s course “Special Topics in International Entrepreneurship: Technology, Innovation and Entrepreneurship in Israel,”  where students traveled abroad in spring 2010 for a week to study opportunities in the young country’s advanced technology infrastructure. Bachenheimer and Pace graduate Melissa Lopez are quoted on their experience and about the growing attraction to entrepreneurship.

For more: http://www.usnews.com/articles/education/best-business-schools/2010/07/21/schools-add-new-entrepreneur-programs-for-mba-students.html

Inside Higher Ed Highlights Pace’s Largest and Most Successful Fund-raising Effort

In an article about college and university fund-raising efforts in the economic downturn, InsideHigherEd.com mentions Pace’s most successful fundraising effort, and links to the Pace’s Official release.

In an article about college and university fund-raising efforts in the economic downturn, InsideHigherEd.com mentions Pace’s most successful fund-raising effort, and links to the Pace’s official release. The goal of $100 million was exceeded with  $101.1 million generously donated to Pace.

The Inside Higher Ed article can be found here.

Pace Professor’s Fund-raising Efforts Appear in the New York Times

Dr. Chris Malone’s participation in an upcoming New Orleans fund-raiser is mentioned in the New York Times’ list of upcoming events.

On Aug 29th, Associate Professor of political science, Christopher Malone, PhD, orchestrated a New-Orleans fund-raiser in Lower Manhattan to benefit those hit hardest five years ago by Hurricane Katrina. He sold his personal photographs of the devastation and all proceeds will benefit the Louisiana Environmental Action Network.

The event was mentioned in the Arts section of The New York Times on Aug 26th.
Read the listing here.

Pace’s Confucius Institute is Featured in People’s Daily Online

People’s Daily Online reports on The Pace University Confucius Institute, starting to offer classes this fall, as a “platform for anyone who is interested in learning Chinese culture, Chinese language, traveling to China or getting involved with Chinese community.”

People’s Online Daily reports from Xinhua, the official Chinese news agency, about The Pace University Confucius Institute as a “platform for anyone who is interested in learning Chinese culture, Chinese language, traveling to China or getting involved with Chinese community.”

The institute offers exciting programs of Chinese culture, Chinese language, scholarship opportunities in China, and begins classes this fall.

The article also contains commentary from Dyson’s Dr. Nira Herrmann, who is supervising the Confucius Institute. At one point she explains how institute brings together “Confucius’ notion that you learn through your life and our notion of life-long learning.”

Read more here: http://english.peopledaily.com.cn/90001/90777/90852/7103365.html

Study on negative effects of headphone use by teens appears in media nationally

MSN Health and Fitness, Businessweek and 20 health publications feature a study on the use of personal music players by teens by Abbey Berg, a professor in the biologyand health sciences department at Pace.  

Personal music players may pose a major risk to hearing if they’re played too loudly or for too long, the study shows.

The 24-year study included 8,710 teenage girls from disadvantaged families. Between 1985 and 2008, high-frequency hearing loss — a common result of excessive noise exposure — among the girls nearly doubled, from 10.1 percent to 19.2 percent. While the findings show an association between personal music players and hearing problems, they do not show cause-and-effect.

Read more:

http://health.msn.com/health-topics/ears-nose-throat/articlepage.aspx?cp-documentid=100262919

Publishing Magnate and Trustee David Pecker Speaks to The Wall Street Journal on his Nearly $800,000 Gift to Pace

The donation will be used primarily to fund a visiting professorship in publishing as well as endow a scholarship fund for students in publishing.

The donation will be used primarily to fund a visiting professorship in publishing as well as endow a scholarship fund for students in publishing.

Read the full article below:

http://online.wsj.com/article/SB10001424052748703309704575413714131265150.html? mod=WSJ_article_MoreIn_NewYork-Culture#printMode