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Joseph Gyourko

Hometown: Martin Bucksbaum Professor of Real Estate and Finance; Director, Zell/Lurie Real Estate Center

Education: PhD, University of Chicago, 1984; AB, Duke University, 1978

My Story

"The scale of the school allows students to delve more deeply into more areas than at any other school."

On teaching MBA students:
"The scale of the school allows students to delve more deeply into more areas than at any other school. Not only can you do detailed work in a specialized subject like real estate or health care, but the depth in finance, management, and marketing is greater too. So it's not just that you can do a niche area, but also that you can go nuts in finance, management, or marketing in a way you can't at most other schools."

On broad business knowledge:
"I think students need really good functional knowledge in the key areas of marketing, management, and finance. Wherever they go, they're going to be in an environment where, as they grow up the ladder, they need to have competency in those areas. Because all firms market. All firms manage. And finance is the fuel that drives it all. So you need to understand those common things."

On team-based learning:
"At its best, team-based learning helps you understand a huge part about management, which is that you have to make others better. Wharton is a competitive environment with a bunch of smart people; innovation is rarely done in isolation. It helps to have a bunch of smart people around-they can help you do it."

On adaptability and change:
"Our best students are adaptable because they've got the skill set-they're really smart, so they've picked up the skill set-and they're mature enough to apply it and to see that things change. They're skillful enough to adapt as an industry changes and as a company changes in response to it. That's our best student. And this person will eventually run the company, if you want them to. What they'll help you do is adapt in a rapidly changing world. That's what I think really good managers are."