BNY Mellon Innovation Lab Dedicated in Le Moyne’s Madden School of Business
Following an official dedication on Feb. 1, the Le Moyne campus is now home to the BNY Mellon Innovation Lab, as the Madden School of Business has partnered with one of the world’s largest financial institutions to provide Le Moyne’s students with a unique opportunity to work on real-world issues encountered by a Fortune 500 company.
“We are thrilled to continue our partnership with BNY Mellon, and for their support of Le Moyne and our students,” said Le Moyne President Linda LeMura. “The BNY Mellon Innovation Lab, coupled with our new Quantitative Reasoning Center on campus, will be instrumental for our students in helping them develop solid analytical and mathematical aptitude skills that are so important in today’s global economy.”
Francis Behlmer, BNY Mellon executive vice president and Central New York Regional executive said, “The lab solidifies our relationship with this prestigious Syracuse college and realizes our vision of cultivating talent, and transforming the financial industry through innovation. BNY Mellon believes that by having a physical, branded presence on the Le Moyne campus, it will give students the opportunity to work on real-life, data management-oriented problems, help attract students to BNY Mellon, and retain that talent in Syracuse and the Central New York region.”
The BNY Mellon Innovation Lab is one of only a few comprehensive business analytic labs housed in an undergraduate business school in the U.S. Offering a variety of educational and experiential activities that will strengthen the curriculum across disciplines, the lab will be utilized by students from both the Madden School of Business at Le Moyne (e.g., finance, business analytics, information systems) and Le Moyne’s College of Arts & Sciences (e.g., computer science, mathematics, economics.)
BNY Mellon and the Madden School at Le Moyne College already had several existing relationships. These include “formation abroad,” a partnership with BNY Mellon’s Chennai, India-based Technology operations (formerly known as iNautix), Le Moyne College, and fellow Jesuit institution Loyola College of Chennai. Students from Le Moyne study at Loyola, work at BNY Mellon, serve the community and immerse themselves in the culture; several students from this program have gone on to work at BNY Mellon upon graduation. Additionally, following successful completion of BNY Mellon’s Summer Analyst Program, (https://www.bnymellon.com/us/en/careers/campus-recruitment.jsp), BNY Mellon has hired other students as full-time employees.
The collaboration would have significant benefits for both the Le Moyne College and BNY Mellon:
• Le Moyne may attract prospective students given its partnership with BNY Mellon, exposing the students to business challenges with real-world application.
• BNY Mellon will continue to build a pipeline of potential employees interested in banking, investments, and financial services with a passion for analytics, innovation, and process improvement. Students may be considered for robust internship and full-time opportunities with the company.
• Through both their work in the lab and the internship experience, the students would be studying and working in CNY, allowing them to become actively involved in the region.
The BNY Mellon Innovation Lab is one of four high-tech labs within the Madden School of Business; the others are the Errico Trading Center, the Jack Burke Accounting Lab and an Information Systems Lab.