Doctoral students at the University of Maryland’s Robert H. Smith School of Business faced many unknowns in 1966, but they helped launch a top 10 PhD program that has placed faculty members at more than 200 academic institutions worldwide. “It was a risk to come here,” Smith School professor emeritus Burt Leete said during a golden anniversary celebration with faculty, staff, students and alumni on May 12, 2017. “But the results have been positive.”

Robert F. Engle III, co-recipient of the 2003 Nobel Prize in Economic Sciences with Clive W. Granger, spoke at the Smith School on Friday, April 15 as part of the University of Maryland Statistics Consortiums Statistics Day 2005 program. Engle is the Michael Armellino Professor of Management of Financial Services at the Stern School of Business, New York University. He was honored for his work in developing methods for statistical modeling of time-varying volatility.