$1 Million Gift Donated To The American College To Establish The Sy Sternberg And Fred Sievert Doctoral Fellowship
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"With thousands of Baby Boomers reaching retirement age every day, the need for literacy in planning for financial security during retirement has never been greater," said
"We are proud to support the nation's only doctoral program with an emphasis on retirement planning," said Sternberg. "We look forward to continuing to support
"We're very excited to partner with
The Sy Sternberg and Fred Sievert Doctoral Fellowship is intended to attract bright individuals who are eager about the opportunity to conduct state-of-the-art research on financial issues related to retirement. The fellowship will enable select doctoral students to complete the program at no cost.
The PhD program's comprehensive curriculum is taught by highly-acclaimed faculty on topics such as retirement income planning, estate planning, taxation, gerontology, and financial planning. Available to financial services professionals who have the desire to learn the theory that informs practice, the demanding program takes approximately three years to complete and consists of 36 hours of advanced coursework in financial and retirement planning areas. In addition, students must pass a comprehensive exam and successfully complete dissertation research of publishable quality. Two one-week residency sessions are also required.
The establishment of this fellowship recognizes the lifetime achievements and industry contributions of Sternberg and Sievert. Sternberg joined New York Life in 1989, and was elected Vice Chairman of the Board and became President and Chief Operating Officer in 1995. In 1997, he became Chairman of the Board and Chief Executive Officer and remained CEO until his retirement in June 2008. During his time at the company, New York Life's Triple-A ratings were restored. Before joining New York Life, Sternberg spent 13 years at
Sievert began his career with New York Life as Senior Vice President and Chief Financial Officer of the Individual Operations and, after a long series of promotions and increased responsibilities, was elected president of the company in 2002. Under Sievert's leadership, New York Life achieved its first number one market share ranking in the sale of life insurance in
For more information on the Sy Sternberg and Fred Sievert Doctoral Fellowship, please go to www.theamericancollege.edu/phd-program.
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