Professor Timothy G. Solberg of Washington University stopped by to speak with Nancy about a new course that aims to teach people about how to manage the arts as a business.

Tim Solberg has been appointed as the academic director for the business of the arts minor at WashU Olin. The business of the arts minor integrates specialized coursework, experiential learning and rich networking opportunities for undergraduate students looking to gain a deeper understanding of how business principles apply to a range of arts-related fields.

Launched in 2018, the program offers students a framework of business, financial, marketing and strategic approaches for managing a career out of their artistic pursuits.

Tim joined the Olin faculty in 2018. He is a professor of practice in finance as well as the academic director of the corporate finance and investments platform. He will lead the business of the arts minor program in opportunities that engage faculty, students, alumni, and community members.

The minor launched with a generous donation from Richard Ritholz, BSBA ’84, his wife Linda, who expressed a commitment to challenging students to practice their artistic endeavors with rigor and business savvy. The Ritholz’s donation is targeting the creation of new courses, experiential learning opportunities in the arts, scholarship funding and internship stipends, and paying for faculty members to teach and publicize the program.

“I am excited to be the academic director of the business of the arts program. I have always had a deep commitment to the arts, whether performing or design, or literature,” Tim said.

“We are designing a program that will have on-site experiential learning with fashion and garment design and creation, gallerists and museum managers, theater and media producers to learn the backstage operations methods. With my teaching experience in arts management at the premier arts and media management school in Chicago, Columbia College, and my own musical education, I am eager to mix finance and management with the arts and provide a hands-on experience for the students.”

In addition to his background in the arts, Tim has worked 30 years in finance, including as a corporate banker and investment advisor for endowment and foundation trustees on their asset allocation and spending policies.