St. Peter’s University Partners with Stevens Institute, Expands Lord Abbett Relationship

On Nov 29, 2023

Saint Peter’s University in Jersey City has announced a partnership with Stevens Institute of Technology, and separately, has expanded its relationship with privately held, global asset management firm, Lord Abbett.

With Stevens Institute, St, Peter’s has entered into an academic program agreement aimed at fostering the next generation of engineering professionals. This partnership establishes a five-year program enabling students to obtain an accelerated bachelor’s degree in the sciences from Saint Peter’s University and a master’s degree in engineering from Stevens Institute of Technology.

Under this agreement, students will complete the first three years of their undergraduate education at Saint Peter’s, earning 105 credits toward their Bachelor of Science (B.S.) degree in physics or other science fields. Upon successful completion of their undergraduate coursework, students will seamlessly transition to Stevens for the final two years of study.

“As the STEM programs at Saint Peter’s continue to grow, we are proud to have identified a track for students interested in engineering to further their education with a prestigious institution such as Stevens,” said WeiDong Zhu, Ph.D., dean of the College of Arts and Sciences at Saint Peter’s University. “By providing an accelerated path to an advanced degree and a seamless transition between graduate and undergraduate studies, this partnership aims to produce highly skilled engineers while leveraging the strengths of two Hudson County institutions.”

This program is open to incoming Saint Peter’s University freshmen as well as current students that meet the GPA requirements set forth in the agreement. For admission into Stevens during the graduate phase of the program, applicants must have an overall GPA of at least 3.2 and a cumulative math and science GPA of at least 3.0.

Meanwhile, the Frank J. Guarini School of Business at Saint Peter’s University has expanded its partnership with Lord Abbett. Saint Peter’s originally partnered with Lord Abbett in 2020 to support the launch of the university’s first Student Managed Investment Fund (SMIF). Lord Abbett has now committed to provide $15,000 annually over the next two years to support the operation of the SMIF. Lord Abbett will also continue to provide mentorship and career development opportunities for Saint Peter’s students.

“The partnership between Saint Peter’s and Lord Abbett has yielded immeasurable mutual benefits,” said Kimberly Reeve, Ph.D., KPMG dean of the Frank J. Guarini School of Business at Saint Peter’s University. “Saint Peter’s students have gained practical experience in the classroom and in the field thanks to so many dedicated Lord Abbett investment professionals. Lord Abbett has also been able to recruit motivated interns and employees from the Guarini School of Business. We are grateful for the ongoing commitment and look forward to the promising trajectory of our partnership in the years ahead.”

In addition to the financial commitment, Lord Abbett will also continue to provide a mentorship council consisting of Lord Abbett investment professionals who volunteer to provide coaching, education and non-investment specific guidance to student participants. Lord Abbett will also provide ongoing experiential learning for students through boot camp training sessions, site visits to Lord Abbett’s offices, annual compliance presentations, bi-weekly council sessions and regular guest speaker presentations on financial topics.

“We are delighted to strengthen our partnership with Saint Peter’s University, as we believe in the transformative power of education and mentorship,” said Catherine Tantillo, head of social impact at Lord Abbett. “Over the past four years, we’ve been proud to provide financial support, guidance and hands-on experience to empower aspiring young adults to reach their potential. We look forward to nurturing the future leaders in the financial industry for years to come.”

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