Daily Business Report-Sept. 19, 2013
UC San Diego Ranked 10th Best Public
University For Alumni Salary-Earning Potential
New report reveals that average starting salary for graduates is $49,300 and mid-career alumni typically earn $101,000
Graduates of UC San Diego are ranked 10th for salary earning potential in the 2013-2014 PayScale report measuring top state schools across the nation. The report revealed that the typical starting salary for UC San Diego graduates with two years of experience is $49,300 and mid-career professionals with a UC San Diego bachelor’s degree and 15 years of experience typically make $101,000 annually. PayScale, a website that collects salary data, also listed UC San Diego as the sixth best college on the West Coast for the earning potential of alumni.
According to PayScale, the website’s report furthers the national conversation about higher education affordability and earning potential on the heels of President Obama’s announcement of a new scorecard to rate colleges for their affordability, access and graduation rates.
“UC San Diego offers a premier educational experience that prepares students to fulfill their career goals,” said UC San Diego Chancellor Pradeep K. Khosla. “Our alumni are leaders and innovators who achieve great success, while also contributing to society and improving communities around the world.”
In 2013, the campus conferred 8,085 degrees. Of UC San Diego’s 150,900 alumni, 28 percent live in San Diego County, contributing income, payroll, property and sales taxes to the region.
In addition, more than 650 companies have been launched by UC San Diego faculty, staff and alumni, including many San Diego biotech and technology firms.
Port and City to Help Pay for San Diego Bay Cleanup
The city of San Diego will vote next week on whether to pay $6.45 million to help clean up San Diego Bay, while the port announced Wednesday that it had reached agreement with NASSCO shipyard to help fund the cleanup, the U-T San Diego reports. The developments mark a step forward toward the $75 million dredging operation, which was scheduled for mid-September but appeared to have stalled amid disputes over who would foot the bill.
Northrop Grumman Maturing Key Triton Sensor
Northrop Grumman Corp. has completed more than 25 flight tests of the U.S. Navy Triton unmanned aircraft system’s primary maritime surveillance sensor in preparation for its installation on the aircraft. The company is conducting risk-reduction tests of the Multi-Function Active Sensor (MFAS) using a Gulfstream II surrogate aircraft off the California coast. The radar will provide the Triton UAS with a 360-degree view of ocean and coastal regions. The MFAS is designed for maritime surveillance missions. It uses a combination of electronic scanning with a mechanical rotation, allowing the radar to spotlight a geographic area of interest for longer periods — increasing detection capabilities for smaller targets, particularly in sea clutter. The Triton UAS will replace the Navy’s aging patrol aircraft and is intended to work with the new P-8 Poseidon manned surveillance aircraft.
New Bishop Appointed for Catholic Diocese of San Diego
The resignation of Bishop Robert Brom after 24 years as head of the Catholic Diocese of San Diego became official Wednesday, and he was succeeded by Bishop Cirilo Flores, City News Service reports. Catholic bishops are required to step down as of their 75th birthday, according to the diocese, which said the resignation, and promotion of Flores, was accepted by Pope Francis. Flores becomes the fifth Catholic bishop of San Diego. The 65-year-old native of Corona was named a coadjutor bishop last year. The Loyola Marymount University graduate earned a law degree at Stanford and spent many years as a priest in Orange County after being ordained in 1991. He was named an auxiliary bishop in 2009.
New School of Education Director Appointed at Cal State San Marcos
SAN MARCOS — Manuel Vargas, a teacher educator with over 30 years of experience in pre-kindergarten through 12th grade and higher education, has been appointed the new director of the School of Education in the College of Education, Health and Human Services at California State University San Marcos. Vargas replaces Kathy Hayden, who returned to the faculty after serving as interim director of the school since 2011 when the College of Education was folded into CEHHS during an academic restructure. Vargas was previously dean of the School of Education and Human Performance at Winston-Salem State University in North Carolina where he had also served for over 25 years in various capacities including tenured professor of education, department chair and associate dean for graduate programs.
Pathfinder Partners Acquires Two Retail Centers in Temecula
San Diego-based Pathfinder Partners LLC has acquired Bel Villaggio I and II and Bel Villaggio III, two specialty retail centers in Temecula. In separate transactions totaling nearly $18.5 million, the properties were purchased from two different sellers. C.W. Capital sold the 77,000-square-foot Bel Villaggio I and II — which houses Macaroni Grill, Navy Federal Credit Union, Cosi and Original Pancake House among others — for $12.75 million. Bel Villaggio III, a 40,000-square-foot center that is home to Shogun Restaurant, Aiyara Thai Cuisine and REVE Salon & Spa, was sold by Torchlight Investors for $5.7 million. The properties are on 16 acres and consist of 10 one-story buildings. Pathfinder plans extensive renovations.
Prudential California Realty to Change Brand
San Diego-based Prudential California Realty will officially become Berkshire Hathaway HomeServices California Properties – the first in the nation – on Monday. The new brand’s first yard sign in San Diego will be unveiled at a celebratory event Monday at a home at 4552 Rancho Del Mar Trail.
U.S.-Israel Center Receives $1.25 Million Grant
The U.S. – Israel Center for Innovation and Economic Sustainability at the Rady School of Management has received a $1.25 million grant from the Leichtag Foundation through the Israel Studies Field of Interest Fund of the Jewish Community Foundation of San Diego. The grant will support various programs of the center.
The U.S. – Israel Center has also named its first executive director, Jeri L. Rubin, who joins the center after a successful software career at Qualcomm as an engineer. Rubin earned her MBA with an emphasis on technology at the Rady School of Management and has a B.S. in Environmental Policy from the University of Michigan.