2018 Risk All Star: Jack Hampton

This Risk Taker Finds a Passion in Teaching Risk Management

An educator of the next generation of risk managers, Jack Hampton, a 2018 Risk All Star winner, joined a declining risk management program. Then he made it thrive.
By: | September 14, 2018 • 2 min read

Even as he dedicated his life’s work to educating the next generation of career risk managers, Jack Hampton took some risks in his own career.

Jack Hampton, professor
of business, director of graduate business programs, St. Peter’s University

For example, rather than joining a thriving MBA program — a safe move for one with his academic and business credentials — he joined a declining one.

When he took the position of professor of business and director of graduate business programs at Saint Peter’s University in 2005, its once-esteemed MBA program had been in decline for five years, and its MS in Accountancy program was dormant. Both programs were struggling in 2006.

Informed by his doctorate in international business, his experience as a maritime risk consultant, his role as the turnaround guy at several MBA programs and his four-year gig as executive director of RIMS, Hampton took a calculated gamble at Saint Peter’s.

He shifted the MBA program’s emphasis from accountancy to risk management, introducing coursework that includes cyber and enterprise risk management as well as insurance, forensic accounting and compliance components.

Throughout his career, he shifted the academic paradigm — publish or perish — from scholarly journals to the books and periodicals executives actually use. His list of publishing credits is as long as your arm, but few are in scholarly journals.

“Jack’s changes seem like big risks because they go against the status quo in a culture that clings to tradition, which makes innovation and change more necessary than ever,” said Mary Kate Naatus, KPMG dean of the school of business, Saint Peter’s University. “Jack works with faculty and staff to help the university remain competitive.”

Advertisement




His motivation to venture off the beaten path is “to do something worthwhile,” Hampton said. He chose Saint Peter’s because it was where “one person could make a difference.”

That meant “pushing risk management as a profession and teaching an enterprise risk management approach,” which he sees as essential to the profession and to the business school’s survival. In the grand scheme of things, he sees the practical, vocational approach as part of “fixing higher education before we lose too many good schools.”

“Jack’s changes seem like big risks because they go against the status quo in a culture that clings to tradition, which makes innovation and change more necessary than ever.” — Mary Kate Naatus, KPMG dean of the school of business, Saint Peter’s University

The gamble paid off. In 2007, risk management became an MBA concentration, and the following year, it replaced tax and audit as the primary focus of the MS in Accountancy.

MBA enrollments at Saint Peter’s rose 70 percent in three years and stayed high. Corporate partnerships expanded to on-site programs at Horizon Blue Cross, New Jersey Transit and Pershing. Over 12 years, more than 70 successful alumni participated in its Executives in Residence program.

“Jack and his wife have a running joke that risk management puts people to sleep,” Naatus said. “But he’s so passionate, people can’t help but be engaged. That’s a real gift.” &

____________________

Risk All Stars stand out from their peers by overcoming challenges through exceptional problem solving, creativity, clarity of vision and passion.

See the complete list of 2018 Risk All Stars.

Susannah Levine writes about health care, education and technology. She can be reached at [email protected]

More from Risk & Insurance

More from Risk & Insurance

Risk Matrix: Presented by Liberty Mutual Insurance

10 Critical Risks Shaping the Liability Landscape Today

Litigation trends, including ever-rising jury awards, are amplifying new and emerging liability exposures across the board.
By: | June 3, 2019




The R&I Editorial Team can be reached at [email protected]