Tag Archives: MBA News Bites

MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence New ranking names top international school for US MBA students — HEC Paris has been voted the top business school outside the United States for the teaching of …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

New ranking names top international school for US MBA studentsHEC Paris has been voted the top business school outside the United States for the teaching of marketing by over 19,000 business school students in the latest survey by The Princeton Review. The school was one of only two non-US schools to feature in the complete ranking, which also covered subjects such as general and global management, finance and accounting, and operations.

Consumers value messages focusing on time, not money — New research from the Stanford Graduate School of Business shows that ads focusing on “experiencing” products rather than possessing them generates a more positive response with people. “Because a person’s experience with a product tends to foster feelings of personal connection with it, referring to time typically leads to more favorable attitudes””and to more purchases,” says researcher Jennifer Aaker, the General Atlantic Professor of Marketing at Stanford GSB.

Yale seminar to focus on business scope in India — Yale School of Management will organize a seminar on Friday April 3 on emerging business opportunities in India during the current economic crisis. The seminar will focus on the impact of the global financial crisis on the Indian economy and discuss the opportunities and challenges faced by foreign investors in India.

Exploring the messaging strategy of terrorists –At a recent Kellogg School of Management conference on political economy, associate professor Sandeep Baliga explored the issue of what message terrorists are trying to send, and how national leaders should respond. Baliga, who uses game theory to predict the outcomes of terrorist aggression, presented his research on decoding terror. He says a key component of terrorist strategy is to deliver a message to an audience other than the target to draw attention and support.

Owen graduate school program moves to alternating Saturday format —  To accommodate the intense work schedules of rising executives, the Vanderbilt Owen Graduate School of Management is transitioning its Executive MBA program to an alternating Saturday-only format. Owen decided to make the change after listening to the concerns of current and prospective Executive MBA students who wanted to earn a graduate degree without disrupting their job responsibilities.

UT MBA students learn real-life lessons about investing — The Austin American-Statesmen has a profile on MBA candidates running the MBA Investment Fund at the McCombs School of Business. These students learn real-life lessons about investing while managing millions of dollars in three separate funds consisting of money from 60 investors for an entire fiscal year, from March through the end of February.

Entrepreneurship to the rescue?Stefan Stern’s recent Financial Times editorial remarks on the special report on entrepreneurship in The Economist and questions how comfortable business leaders are these days with the idea of encouraging, much less investing in, new ventures at a time like this.

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MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence Kenan-Flagler boosts career management efforts — In light of the broad reach of the economic downturn, UNC Kenan-Flagler has poured a great deal more effort into the career …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

Kenan-Flagler boosts career management effortsIn light of the broad reach of the economic downturn, UNC Kenan-Flagler has poured a great deal more effort into the career management help it offers, and the school has created new outreach efforts to find every job opportunity it can for students and alumni.

Duke India Business Forum draws big response —Some of the most respected figures in Indian commercespoke at last week’s first-ever Duke India Business Forum. The group of 300 students and professionals attending the event gained insight on the Indian economy and established new lines of communication with companies driving India’s economic success, Indiainfoline.com reported.

Duke announces nine-month master’s program in businessFuqua School of Business will offer a new master’s program intended to provide basic entry-level business skills to recent college graduates with no prior career experience. The first class of students in the Master of Management Studies in Foundations of Business program will enter Fuqua in late August.

Virtual Worlds Conference comes to Austin — The McCombs School of Business and the Center for Business, Technology and Law at The University of Texas at Austin will host “New Ventures and Leadership in Virtual Worlds” at the university’s AT&T Executive Education and Conference Center April 2-3. The event is free with registration and will promote innovative exploration of possibilities and understanding of the challenges of tomorrow’s business worlds.

New job market tough on MBAs’ psyches — A recent survey found the suffering economy is costing business school graduates jobs in every industry where they would typically find work, My Fox D.C. reports, and several MBA candidates interviewed at the McDonough School of Business aren’t sure what they’ll do after graduation.

MBA candidates test skills in New OrleansStanford GSB folks who would have clamored for a job on Wall Street just one year ago are spending spring break in the Big Easy helping local entrepreneurs save the world–one flip flop at a time, USA Today reports. The Idea Village, a non-profit created in 2000 to help businesses get on their feet, launched IDEACorps in 2006. This business-oriented Peace Corps concept pairs MBA candidates with local entrepreneurs.

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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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