Edward Kramer ’82
Edward Kramer ’82 began his relationship with Pace when he decided to pursue his MBA. Years earlier, he had aced his undergraduate accounting classes, and an MBA was the next logical step. With Ed having secured a member of the Lubin Advisory Board as a reference, his boss at the Savings Association League of New York agreed to pay for his degree as part of his grooming for their succession plan.
Pace’s EMBA program was all he had hoped for and more. “The experience was incredible. I learned so much from my professors and classmates,” recalls Ed. “We sucked it all up. We debated. This was not a passive group of people.”
Ed also acquired transferable knowledge and skills that served him throughout a storied career and continues to do so today. “I’m constantly using things that I learned in the program,” he continues.
Graduating with distinction – and a 3.97 GPA – Ed contacted an acquaintance who was the CEO of Dime Savings Bank when it became clear that the CEO at his company had no plans to leave. He was invited for an interview and hired as a vice president because of his advanced Pace degree. He later rose to first senior vice president overseeing the bank’s residential mortgage business.
Ed enjoyed an illustrious career in banking and regulatory affairs. He was the Deputy Superintendent of Banks in charge of the Consumer Services Division for the New York State Banking Department, then served as Executive Vice President of Regulatory Affairs for Wolters Kluwer Financial Services. He currently is an Independent Director of Mortgage Electronic Registration Systems, Inc., and a member of the Senior Advisory Board of Treliant Risk Advisors.
What are the secrets to Ed’s success? In addition to his MBA, Ed notes the value of networking and maintaining connections. “Every single day you come in contact with people. How you conduct yourself – your standard of ethics – will come back to haunt or help you,” he says.
This advice has served him well. In the mid-1990s, Ed was appointed a Public Member of the New York State Banking Board by Governor George Pataki, with whom he had worked on Governor Nelson Rockefeller’s re-election campaign in 1970. His connections in the banking and regulatory world have also led to many speaking engagements at industry conferences.
Ed gives back to the community by serving on the Advisory Board of Neighborhood Housing Services of New York City and being a member of the Northeastern Regional Board of Directors of Operation Hope, Inc.
He also gives back to Pace, serving as a guest speaker in courses offered through Pace’s Center for Global Governance, Reporting and Regulation. “I love talking to young people,” says Ed. “It’s less about me and more about being open and honest about my view of regulations and regulators.”
“The University did a lot for me,” he continues. “It gave me confidence in my abilities, and gave me an important credential. I like what I perceive to be Pace’s role in the community,” he says. “I feel better and better about my MBA. I think Pace has continued to establish itself, and I’m certainly proud of that.”