On Tuesday, Morristown Beard CFOO Rich Kasmin met with members of the Business, Finance, & Investment (BFI) Club to discuss his career path, offer insights into the economy, and discuss how to become a good investor.
Dr. Kasmin, whose career spans work in financial management, economics, and education, joined the MBS community in July as Chief Financial and Operating Officer. His older son, Samuel, graduated from MBS in 2021, and his younger son, Adin, is a member of the Class of 2024.
He came to MBS from the New Jersey Council of County Colleges, where he served as Chief of Finance and Analytics. In this role, he led the Council’s work to support the finance, operations, and data needs of the state’s community colleges. Prior to that, he served as Chief Economist and Director of Policy for the New Jersey Economic Development Authority, where he was an economic advisor to Governor Murphy’s Office and NJEDA leadership.
In the classroom, Dr. Kasmin has served as an Adjunct Professor of Finance at New Jersey Institute of Technology and an Adjunct Professor of Macroeconomics at the County College of Morris. He earned a B.S. in Business Administration at SUNY-Albany before earning an M.A. in Economics at New York University and an M.B.A. in Management from Cornell University. He completed his Ph.D. in Education with a concentration in Policy and Finance at Rutgers University.
Dr. Kasmin emphasized the broad range of careers one can pursue with a degree in Economics. In a Q&A with students, he spoke about financial guru Warren Buffett, how private and public companies are valued, and striking a balance between what you’re passionate about and what you do well. He also discussed investment fundamentals and the importance of reading and doing solid research.
In the spring, Dr. Kasmin will teach a course at MBS on Quantitative Business Analytics.