College of Business Advisory Board Member Karen Shaw Named 2021 CFO of the Year

Arkansas Business has named College of Business Advisory Board member Karen Shaw as the 2021 CFO of the Year.

Shaw serves as Executive Vice President and Chief Financial Officer for Citizens Bank and is responsible for the financial management of the bank. She has over 25 years of banking experience and oversees the Bank’s Investment and Asset Liability Committee, Policy Committee, and development of financial planning and budgets to guide the Bank’s future business growth. She is also a certified public accountant.

“I loved numbers from a very early age, and my accounting classes came natural to me even though I was constantly a creative thinker. Over the years I developed a love for mentoring others and desired to use my talents and leadership skills to develop, empower and manage a team of financial professionals,” said Shaw in her Arkansas Business spotlight.

Among other public service activities, Shaw is a member of the board of directors of the University of Central Arkansas College of Business Advisory Board and the co-founder of POWER (Professional Organization of Women Empowering Relationships). She is also a graduate of the University of Central Arkansas, where she earned a Bachelor of Business Administration Degree with the Highest Honors in Accounting.

Join us in congratulating Karen on an honor she very much deserves!

COB Professor Yao Contributes Expertise to WalletHub in Totaled Car Guide

Professor Haibo (Stephen) Yao recently contributed his expertise for WalletHub as part of a panel of experts in the Totaled Car Guide: Key Things to Know in 2021.

“A totaled car is a car that would cost more to fix than it is worth, or a car that cannot be repaired safely or cost-effectively,” stated author McKayla Girardin.

The article goes on to explain the process of what happens when a car is declared a total loss and what to do. Yao gave his advice on the following questions:

  • Should drivers ever consider keeping a totaled car?
  • How can drivers get the most from their insurance companies after their car is totaled?
  • What is the most important thing to do after your car is totaled?
  • When should a person get extra insurance to protect against the possibility of a totaled car?

Check out Professor Yao’s advice here.

Haibo (Stephen) Yao serves as an Assistant Professor of Insurance & Risk Management in the College of Business Department of Economics, Finance, Insurance & Risk Management at the University of Central Arkansas.

Drew & Suzanne May Establish Scholarship at the University of Central Arkansas

For Immediate Release:

October 20, 2021

Media Contact

Lainey Morrow
UCA College of Business
Communications & Project Coordinator
bmorrow@uca.edu | 501-852-1227

Drew & Suzanne May Establish Scholarship at the University of Central Arkansas

(Conway, Ark.) – The Drew and Suzanne May Scholarship Fund has been established at the University of Central Arkansas (UCA) to support students pursuing undergraduate degrees in the College of Business.

Drew May is a 1990 Graduate of the College of Business, and he attributes much of his success to the education he received while at the University. Drew May serves on the advisory board and naming committee for the UCA College of Business as well as The UCA Foundation.  The Mays’ desire in establishing this scholarship was not only to be able give back but also to assist a student in receiving a quality education.

“UCA was a wonderful environment for me to pursue my degree. The quality of education delivered within UCA’s College of Business is excellent, and Suzanne and I want to support the College and students for years to come,” said Drew May.

To be awarded the Drew and Suzanne May Scholarship, applicants must be full-time undergraduate students majoring in marketing. Students majoring in Marketing Analytics or Sales will be given first preference. Applicants must also have completed 60 hours, maintain a minimum 2.75 grade point average, and demonstrate financial need.


About the UCA College of Business

Established in 1969, the UCA College of Business offers 20 undergraduate and graduate degrees and certificates to equip current and future business professionals to successfully and ethically meet the changing business environment. The AACSB-accredited program offers a thorough business education as well as opportunities for hands-on experience and industry networking.

For more information about gifts to support students in UCA College of Business, contact Corey Throneberry at (501) 852-1263.

COB Student Awarded Granger & Jan Davis Emerging Leaders Scholarship

More than 300 scholarship recipients gathered at the Farris Center for the annual scholarship reception at the University of Central Arkansas Sept. 30 hosted by the UCA Foundation.

The theme for the evening “Celebrating 40 Years” commemorated the Foundation’s successes since its 1981 inception under former UCA President Jeff Farris. The event provided an opportunity for students to connect with scholarship donors and share stories.

President Davis told donors their gifts provide an enormous impact on students like Savannah Conly, who is a junior marketing major in the College of Business. Conly received the Granger and Jan Davis Emerging Leaders Scholarship.

“When I received this scholarship, It meant the world to me because I felt seen,” Conly said. “I felt like all my behind-the-scenes work was seen. Receiving this recognition fueled my motivation to keep working hard and to push myself toward my dreams, even on hard days.”

Read more about the scholarship reception in UCA News.

UCA Ranked #3 Best Online MBA in International Business Management

The University of Central Arkansas College of Business was recently ranked the #3 best online MBA in the nation for International Business Management. This online MBA allows students to earn the degree anywhere in the world even while working full-time. The program has also been ranked among the most affordable. Find out more about the UCA MBA program.

See the ranking from Best Value Schools  [Read more…]

UCA Supply Chain Program Ranked #77 for Best Affordable Supply Chain Management Degree

The Bachelor of Business Administration (BBA) degree in Logistics and Supply Chain Management has been ranked the #77 Best Affordable Supply Chain Management Degree by University HQ.

Well-trained supply chain managers solve organizations’ most impactful challenges: purchasing, manufacturing, storing, and transporting product. UCA’s Logistics and Supply Chain Management (LSCM) program prepares students to tackle global supply chain challenges with a focus on the U.S. trucking industry. Our curriculum emphasizes trucking operations, safety, and regulatory compliance.  Graduates are prepared for management positions in trucking but also learn to optimize product flow and storage, collaborate with suppliers and customers, and meet delivery expectations through innovative solutions.

For more information about our LSCM BBA, visit www.uca.edu/marketingmanagement/lscm.

COB Advisory Board Member Karen Shaw Named a 2021 CFO of the Year Finalist by Arkansas Business

Karen ShawArkansas Business has announced the 2021 CFO of the Year finalists, and College of Business Advisory Board member Karen Shaw was named a Bank CFO Finalist.

Shaw serves as Executive Vice President and Chief Financial Officer for Citizens Bank and is responsible for the financial management of the bank. She has over 25 years of banking experience and oversees the Bank’s Investment and Asset Liability Committee, Policy Committee, and development of financial planning and budgets to guide the Bank’s future business growth.

Among other public service activities, Shaw is a member of the board of directors of the University of Central Arkansas College of Business Advisory Board. She is also a graduate of the University of Central Arkansas, where she earned a Bachelor of Business Administration Degree with the Highest Honors in Accounting.

Presented by Hogan Taylor, the 2021 CFO of the Year Awards will be broadcast live from the DoubleTree Little Rock on November 3. Finalists and winners in each category will be honored at the event, and their profiles will be published in a special supplement of Arkansas Business on Oct. 18. Nomination forms were submitted to an independent panel of judges who met in July to determine finalists and winners.

UCA Expands Computer Information Systems & Analytics Degree Options to Address Changing Business Environment

The University of Central Arkansas (UCA) is offering new degree and certificate options through its Computer Information Systems and Analytics (CISA) department, expanding opportunities for CISA students and current business professionals to gain top in-demand business and technical skills.

Beginning this fall three new Applied Data Analytics programs will be available: a Bachelor of Science, a Master of Science, and a technical certificate. These new programs follow the successful addition of both an undergraduate minor and a graduate-level technical certificate in data analytics two years ago.

“I chose to get this graduate certificate because I believe data analytics is the future. As technology is evolving, businesses are using analytics to make informed decisions, solve problems, help reduce risks, and increase return on their investments,” said Joyti Lal who is working to earn a Master of Business Administration concurrent with a Data Analytics graduate certificate.

The Department of Computer Information Systems and Analytics (CISA), located within the UCA College of Business, combines highly desired technical skills with sound business principles. The department’s name was changed in July 2021 from “Management Information Systems” to better reflect what the department now offers. [Read more…]

UCA Center for Insurance & Risk Management Director Cynthia Burleson Contributes Expert Answers for CarInsurance.com

Cynthia L. Burleson

Cynthia Burleson, UCA Instructor and Director for the Center for Insurance & Risk Management, recently contributed her expertise for CarInsurance.com to answer the popular question, “Why is car insurance so expensive?” The article examines other auto insurance issues and references a study showing that the average auto insurance rate is up 22 percent from 2017. Author and industry expert Michelle Megna consulted with Burleson to explain why the trend of rising car insurance rates won’t end any time soon.

“There are two causes of upward trends in auto insurance rates: rising frequency and severity,” said Burleson. “It is my opinion that severity numbers may have dropped some during the pandemic but probably not significantly. However now severity numbers are increasing.”

Burleson goes on to explain both trends and how they impact the average citizen.

To see more of Burleson’s explanation, read the full article on CarInsurance.com.

COB Student Intern Earns AR BCBS Scholarship

UCA College of Business student, Daisy Martinez Carranza, is this year’s $5,000 academic scholarship winner for the Arkansas Blue Cross and Blue Shield (BCBS) 2021 Summer Internship Program. Carranza served as a Group Marketing and Member Engagement intern, and over the course of ten weeks, she gained real-world experience by working closely with their managers and teams, attending department meetings, participating in special projects, and sharing her questions and ideas.

Crediting knowledge gained in classes and valuable experience during her internship, Carranza said, “this is as much a win for me as it is for my advisors and mentors here at UCA.”

To earn the award, Carranza not only did exceptional work during her internship but also presented a final project to top BCBS executives. She was chosen as a finalist and then the winner of the $5000 scholarship for her senior year at UCA. Please join us in congratulating Daisy Martinez Carranza on this significant achievement.