Tag Archives: MBA News Bites

MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence Is business school to blame for the widespread failure of leadership? — The New York Times asked earlier this week whether it was time to retrain business schools …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

Is business school to blame for the widespread failure of leadership? — The New York Times asked earlier this week whether it was time to retrain business schools in the wake of the economic crisis. Finger-pointing abounds these days, and even educators wonder if the way business students are taught may have contributed to the meltdown. “It is so obvious that something big has failed,” says Ángel Cabrera, dean of the Thunderbird School of Global Management.

Finally, Ross students have a place to call home — The Stephen M. Ross School of Business officially opened its doors last Friday and its namesake was on hand to see what that $100 million donation bought him. Students, meanwhile, were ecstatic to have all of their classes and activities centralized instead of spread all over the campus. “It creates a sense of community,” Business senior Josh Cipkala-Gaffin said of the building. “For the past few years our classes have been all over; now it is a one-stop shop.”

U-Md. business school launches initiative for social value creationThe University of Maryland’s Robert H. Smith School of Business has announced the launch of the Initiative for Social Value Creation, a push to engage every student in courses and experiential learning programs that build leadership and an understanding of how businesses can create both economic prosperity and transformative social change. Future leaders must have the values and skills to transform society while creating economic value for their organizations, says dean G. “Anand” Anandalingam.

Cornell launches sustainable portfolio pitch competition — Students from The Johnson School at Cornell University have launched SustaInvest, a sustainable investing portfolio pitch competition focused on maximizing profitability and sustainability in investment decisions. The SustaInvest Student Management Committee developed the competition to highlight the opportunity to find profitable investments with social and environmental benefits.

Tuck explores key elements for big pharma’s futureTuck School of Business at Dartmouth recently hosted its third annual Global Healthcare Conference, where the topic of the day focused on the drug developers’ progress in streamlining their operations and enhancing their products and services. Keynote speaker Caroline Kovac, PhD, a venture partner with life sciences investment firm Burrill & Company, said “The next ten years in healthcare will be about ”˜creative destruction’ and will threaten some existing business models,” but will “offer extraordinary opportunities as well.”

Power gives the illusion of control — New research from Niro Sivanathan, assistant professor of organizational behavior at London Business School, shows that the experience of power can lead to an illusion of control. “Our research found that power led to perceived control over outcomes that were uncontrollable or unrelated to power,” Sivanathan explains.

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MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence Tough job market is now a news headline staple — A CNN executive education survey and Business First of Columbus are among the many media outlets ringing the …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

Tough job market is now a news headline staple — A CNN executive education survey and Business First of Columbus are among the many media outlets ringing the death knell for MBAs hitting the job market this spring. Enrollment is certainly on the upswing, but upcoming graduates will have a hard time swallowing when they hear recruiters say they wish they had better news.

A 43% tuition hike? Yikes! — The Carey Business School at Johns Hopkins University has laid out plans to increase tuition by as much as 43%, just a week after the university announced a moderate increase for many students, Washington Business Journal reports.  Calling the increase necessary to put Carey on a par with peer schools, business school dean Yash Gupta says the increase in tuition will help pay for expanded academic programs, more student services, new technology and improved classroom facilities.

Launching a business school in times of crisis –The full-time MBA program at Moscow School of Management SKOLKOVO launches this fall, and the school’s international dean Wilfried Vanhonacker tells the Financial Times why now is as good a time as any to open a new MBA program: “Our focus is on fast-moving economies ”“ Russia, India, China…Our belief is that they will come out of the recession much faster than the established economies.”

New loan program for international students finally arrives — We told you about the financial vacuum left by CitiAssist and Sallie Mae in late January, but now it seems international students will be able to fund their MBA dreams after all. Responding to a request from the Graduate Management Admission Council (GMAC), a leading international bank has joined with experienced service providers in student financial aid to create a new pilot lending program for international students who attend graduate business schools around the world.

MBAs at USC Marshall learn from military experts — MBA students looking for an edge in today’s tight job market got a leg up on the competition with this year’s MBA Leadership Challenge on Feb. 27-28, an innovative program focused on honing valuable ”“ and marketable ”“ leadership skills inspired by US military training.

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For a concise, thoughtful guide that will help you navigate the MBA admissions process with greater success, order our NEW book, The MBA Application Roadmap.

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MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence Another business school expands with China campus — France’s CERAM Business School is opening a campus in Suzhou, west of Shanghai. Students will spend 90 hours studying Chinese …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

Another business school expands with China campus — France’s CERAM Business School is opening a campus in Suzhou, west of Shanghai. Students will spend 90 hours studying Chinese culture to help them quickly become operational in the country’s working environment. According to a recent Financial Times story on Chinese schools in ascendancy, “made-in-China business education, with China- relevant case studies and China-focused courses as drivers, will change both the content of business education worldwide and the competitive environment for business schools in China.”

More women than ever taking up business school deanships — In the early 1990s, a female business school dean was cause for much media coverage and scrutiny. Today, a greater number of woman have shattered that B-school glass ceiling and are making the role work for their unique career trajectories, BusinessWeek reports.

Harvard lecturer tells entrepreneurs “Take heart”HBS senior lecturer Bhaskar Chakravorti has an positive outlook for entrepreneurs paralyzed by the state of the economy. In this Q&A on creative entreprenuership, Chakravorti identifies reasons for optimism and shows how you can think differently about bad news. This echoes a recent post on the three laws for increasing performance”¦hint: it’s all in your attitude.

Marketing strategies in play at Greg Hawkins’ “megachurch” — The current issue of Stanford Business has a fascinating feature on what happened when Hawkins (MBA ’88), executive pastor of Willow Creek Community Church near Chicago, commissioned one of the nation’s foremost marketing experts to survey the church’s members. When the survey showed the surprising result that one out of four congregants was dissatisfied and thinking of leaving the church, Hawkins used the research to better meet the needs of disgruntled parishioners.

UK finds MBAs holding strong, especially abroadHaving an MBA is still a ticket to success, says The Times. Investment banks continue to recruit graduates, albeit more selectively, but what’s unsure right now are the bonuses that constitute a huge chunk of compensation in this industry. The paper also points to a new trend of business school graduates starting their careers abroad. In China, MBAs are in high demand and can expect a salary boost of up to 126%.

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For a concise, thoughtful guide that will help you navigate the MBA admissions process with greater success, order our NEW book, The MBA Application Roadmap.

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MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence Working for Uncle Sam suddenly looks really good — The days of wine and roses, and hefty expense accounts, are definitely in the rear view mirror, which leaves …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

Working for Uncle Sam suddenly looks really good — The days of wine and roses, and hefty expense accounts, are definitely in the rear view mirror, which leaves a growing number of MBAs looking for the stability of a job within the government, Business Week reports. After all, if the choice is between a lower-paying government gig or nothing, well, that’s a no-brainer.

In praise of the B-level B-school – The financial crisis may have temporarily tarnished the luster of name-brand business schools, but MBAs at lower-tier schools are happy to be far removed from the mess on Wall Street, Forbes reports. Students at less prestigious programs tend to go into regional industries that haven’t been devastated like the financial sector, so the job outlook isn’t nearly as dim.

Schools hope GRE will lure in more diverse applicant pool –  The exclusive reign of the Graduate Management Admission Test has come to an end. Forbes reported this week that more and more business schools have started to accept the Graduate Record Examination as well. The GRE brings in more non-traditional business applicants from the humanities, and schools are finally seeing the value of recruiting creative people.

New dean and educational partnership at Babson ”” Beginning July 1, Raghu Tadepalli will become dean of the F.W. Olin Graduate School of Business at Babson College. Tadepalli recently served as dean of the Graduate School of Business at Xavier University in Cincinnati. In other news, Babson announced that it is the exclusive educational contributor to SmartBrief on Entrepreneurs, a daily news service about and for entrepreneurs, hand-selected and summarized by SmartBrief editors to save readers time.

Fitness…it’s more than sweat and sore muscles — In May, the world’s first executive MBA in commercial fitness launches at American International College in Springfield, Massachusetts. Designed to apply a solid core of business knowledge to the unique demands of doing business in fitness, this specialized degree promises to act as a personal trainer to help students flex their knowledge and strengthen their business.

Smith offers new degree during these uncertain times — Students of the Robert H. Smith School of Business can sign on for the master of science in business: finance program, which will help them navigate the realities of today’s economy and greater government involvement in the financial sector. “The global financial crisis has changed the way we think about finance,” says dean G. “Anand” Anandalingam, in a press release. “Now more than ever there is a need for industry professionals with a solid understanding of evolving financial models for banking and debt management, corporate governance and management.”

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MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence Where’d the money go? Int’l students in a frenzy over lack of loans — Ever since CitiAssist and Sallie Mae dumped their no-cosigner loan programs for foreign students …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

Where’d the money go? Int’l students in a frenzy over lack of loans — Ever since CitiAssist and Sallie Mae dumped their no-cosigner loan programs for foreign students last fall, b-school applicants abroad have been freaking out over how to pay for their U.S. education. Many of the top schools –Wharton, Harvard, Cornell’s Johnson School — used these two loan programs and are now scrambling to help incoming students fund their studies come autumn.

Fewer open doors for graduates as recruiting plunges — Career offices at business schools across the country can’t recall a more dismal recruiting season, with prospects worse than initially predicted as recently as October, Wall Street Journal reports. Internship and job postings have dwindled so much that students have been forced to get creative with their job searches…or start businesses with their classmates in the same boat.

But wait…Some companies still want MBAs! — Two days prior to the above WSJ piece, another article makes the case for executive education. Rochelle Weichman, executive director of MIT Sloan Executive Education, spoke to WSJ about how b-school programs have adapted to the crisis to become more relevant than ever.

Don’t wait for the recruiters–start your own company already, Indian b-schools advise — Mumbai-based SP Jain Institute of Management and Research (SPJIMR) plans to promote entrepreneurship among its students by providing them with initial capital and becoming partners in the ventures. The Indian Institute of Management, Bangalore, (IIM-B), meanwhile, is banking on its deferred placement policy by encouraging students to float their own venture. If it fails, they can come back to the campus for placement after two years. (Business Standard-India)

Commercials make you love TV more, says NYU Stern study — It defies all logic, but apparently researchers from Stern School of Business found that people find their TV shows more interesting when they’re interrupted by advertisements. Viewers may say they hate commercials, but apparently they rated the overall watching experience higher when ads were included. Go figure!

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We are now on Facebook – please join the Stacy Blackman Consulting group, or become a friend of Stacy Blackman. I am posting news about MBA related events, job listings, and of course MBA news.

I am on Twitter too…click to follow me on Twitter! www.twitter.com/stacyblackman


For a concise, thoughtful guide that will help you navigate the MBA admissions process with greater success, order our NEW book, The MBA Application Roadmap.

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MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence Executive MBA programs trying to attract more women — Less than 20% of participants in executive MBA programs are women, and Cornell, Wharton and Columbia want to boost …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

Executive MBA programs trying to attract more womenLess than 20% of participants in executive MBA programs are women, and Cornell, Wharton and Columbia want to boost those numbers, the Wall Street Journal reports.  London Business School and Madrid’s IESE even have tuition dollars set aside to target women for scholarships. But it’s a tough row to hoe, with many female executives shouldering a second full-time job: raising kids.

MIT Sloan and Russian counterpart focus on innovation and entrepreneurship — A collaboration between Sloan and the Moscow School of Management SKOLKOVO launches this fall with the goal of strengthening capacity at the Russian school while exposing MIT faculty and students to new and exciting global developments and challenges. “The difference between emerging markets and developed countries is shrinking, and we all need to figure out the implications for management practice,” says MIT professor Simon Johnson, who will play an active role in the joint effort.

Mind your manners…some etiquette for MBAsFinancial Times profiles a workshop in business etiquette and networking offered at Northeastern College of Business Administration and sponsored by IBM.  Seems MBA students everywhere experience angst over which fork to use for salad, how to pass the salt and the correct way to pass the bread basket. Choosing a roll and tossing it to your high-powered tablemate is frowned upon, it seems.

Gloom and doom projections for newly minted MBAs — If the class of 2008 thought they had it bad, it’s nothing compared to what faces graduates this spring, BusinessWeek reports. All signs point to fewer companies hiring MBAs this year, with salaries slashed or –best case– frozen in the technology, finance and manufacturing sectors.

Sydney Finkelstein, Steven Roth Professor of Management at Dartmouth’s Tuck School of Business, has a new book out this month. “Think Again: Why Good Leaders Make Bad Decisions and How to Keep it From Happening to You” came about as Finkelstein and his co-authors looked at 83 cases of high-profile acts of poor judgement in political, business and military settings. The author says decisions are the lifeblood of action for organizations and individuals, and there is much to be learned from others’ mistakes.

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We are now on Facebook – please join the Stacy Blackman Consulting group, or become a friend of Stacy Blackman. I am posting news about MBA related events, job listings, and of course MBA news.

I am on Twitter too…click to follow me on Twitter! www.twitter.com/stacyblackman


For a concise, thoughtful guide that will help you navigate the MBA admissions process with greater success, order our NEW book, The MBA Application Roadmap.

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