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The Dean's Digest - September 2013

09/18/13 -  

The McColl Banking Initiative has officially begun!

On Tuesday, September 17th we introduced the newest member of the McColl School faculty to the press and to the public when we announced that Ms. Tracy J. Grooms had accepted an offer to lead our Banking Initiative.  

Media coverage by The Charlotte Observer and the Charlotte Business Journal chronicled the announcement in articles titled "Queens picks former BofA exec to head banking program" and "Tracy Grooms picked to lead McColl School's Banking Initiative," respectively.  

Many of you know Tracy.  She devoted 30-plus years of her career to Bank of America in many different roles.  By continually accepting new challenges she progressed to higher and higher levels of responsibility, including serving as Chief Financial Officer of the Bank of America/NationsBank merger, as Student Banking Executive, and as Consumer and Small Business Banking Compliance Executive.  

Tracy is also a graduate of our Executive M.B.A. program (Class of '98) and has been serving on the McColl School Advisory Board.  

When the opportunity arose to apply her banking knowledge and experience in an academic setting, she enthusiastically stepped forward.  And if there is one attribute that describes Tracy, it's enthusiasm!  

She will move into her new career on October 1 and immediately begin laying the foundation for the Banking Initiative.  With this new program we plan to become the premier resource for talent and thought leadership in the banking industry.  

To accomplish the first goal we will be creating a banking concentration within the finance major of the new BBA degree, whereby undergraduate business students majoring in finance will have the option to study banking in detail.  Enter Tracy who will create the specialized courses and curriculum that will enable our students to step into meaningful internships and full-time positions with banks.  

As the courses develop, we will add in a research component so that students can begin to understand risk management, delve into the key ratios, and learn more about regulation in the industry.  Eventually, we expect to produce reports for banks on a regular basis that show how they are doing in comparison to their peers.  

Tracy also will be visiting banks in North Carolina and South Carolina to build support and to identify partners who could serve on an advisory board.  As we grow resources for the program, we hope to tap into the considerable expertise of our partners and board members to help us prepare position papers on current trends and future directions.  

We believe the Banking Initiative is the right program at the right time with the right person - Tracy Grooms - leading the way!  The banking industry still faces challenges and the McColl School wants to be part of the solution.  Banks need talented young employees, and this initiative will help open doors for our graduates.  

The perfect storm:  Charlotte's reputation as a banking center, Queens' business school named after one of the most influential people in the banking industry, and now the McColl Banking Initiative to develop the next generation of bank leaders.  Off we go!!  

As always, we'd love to hear from you, we'd love to meet you for coffee some morning, and we would love for you to subscribe to the McColl School blog.  

Ron Shiffler  


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