After graduating from high school, Wayne Cutler, like many of his Long Island classmates, decides not to stray too far from home. He enrolls in a state school in upstate New York and plans to study psychology but ultimately switches to economics. Into his sophomore year, his academic interest hasn’t waned. He even meets with his high school guidance counselor and tells him how much he enjoys his major. After hearing that, the counselor suggests he consider transferring to Carnegie Mellon.

Unlike his counselor, Cutler hadn’t heard of Carnegie Mellon or of its reputation in business and economics. He follows the advice, however, and decides to apply for a transfer.

Evidently, being an excellent tennis player doesn’t hurt his chances for admission. "That probably helped me get in," says Cutler. It definitely helps him become captain of the Tartans’ tennis team—playing number one singles in his senior year. He also takes on a challenging course load in managerial economics. "I didn’t have a lot of time to hang out, watch TV, and eat Sugar Smacks," he recalls.

He does make time for Deirdre Maloney, who is in Pittsburgh completing an internship in her field of vocational rehabilitation. As their relationship grows, he admires her dedication to helping people with disabilities.

Cutler comes up with an idea to help people, too. He knows that many of his classmates are bright, but they lack training in personal money management. So with his roommate and friend David Gustin (HS'84), he makes plans to start a club that will teach hands-on the principles of investing. Instead of seeking start-up funds from Student Council, Cutler and Gustin make some phone calls. They get financial support from Mellon Bank, Federated Research, Value Line, and other financial institutions. He and Gustin raise about $10,000, and in the fall of 1982, about 100 students show up for the kick-off of the Investment Club.

Today, Cutler (HS'83) continues to give strategic advice, primarily to banks and wealth management institutions as co-founder and a managing director of Novantas, an international management consulting firm whose corporate office is in New York City. He also is helping Carnegie Mellon students who have an inspiration like he and Gustin did. The Deirdre Maloney Cutler Memorial Undergraduate Research Fund, named in memory of his wife who died from cancer four years ago, provides opportunities for undergraduate students who have a vision for a project. Additionally, Cutler says the initial $10,000 charitable gift is his message to undergraduates about helping people–a lesson he says he learned from his wife.

When future award recipients ask about the grant namesake, Cutler promises that either he or one of his three children, Shaynna, Brendan, and Wesley, will eagerly share stories about Deirdre Maloney Cutler.

"She was always outward focused," says Cutler. "To me, that's one of the greatest values you can have, focusing on others, not on yourself. That really embodied her spirit."
Nazbanoo Pahlavi (HNZ'03)