The two schools head the table of the best 75 business schools in Europe.
Unlike the other rankings produced by the FT, this European edition ranks business schools rather than their programmes.
English as the lingua franca of higher education? - University World News: http://t.co/wrHnmlBpOh— Santiago Iniguez (@SantiagoIniguez) November 24, 2013
Karm Marg, a home for street children in India
The Financial Times has partnered with the Global Fund for Children for its second MBA Challenge, in which nine teams of business school students will each advise a different charity on its long-term strategy.
The second stage of the challenge involved more than 50 students consulting remotely, using email and Skype with their non-profit partner organisations. These are located in countries such as Bulgaria, Colombia, Haiti, India, Laos, Senegal and Tanzania.
What is the first step?
Ravi Gadam, an MBA student at UCLA Anderson School of Management who is one of a team working with Karm Marg, a children’s home in New Delhi, says it is important
“to put away any preconceived notions and start from a clean slate”.
For Ajay Palaparty, a masters in management student at the London School of Economics on the same team as Mr Gadam, it was essential to tap into the range in experience of his peers...
1. HEC Paris
2. Essec Business School
3. IE Business School
Zeger Degraeve does not hang around. It is little more than a year since the quietly spoken Belgian left Europe for Australia to become dean of Melbourne Business School (MBS), but in that time he has certainly proven his credentials as a decision-making guru.
He has revamped the MBA and executive MBA programmes, increased the faculty of the business school by 20 per cent and resolved the long-standing governance conflict that divided the University of Melbourne and MBS....
Deleting private companies from the equation might allow savings but could reduce efficiency
The death of the internet activist Aaron Swartz at the age of 26 has rightly evoked tributes to his creativity and selflessness. Swartz, who faced jail for illegally downloading millions of academic papers from an electronic library, committed suicide last week.
Five years ago...
If Swartz’s sad death shifts the balance further toward open access, that will be a worthy legacy. But someone will always pay.
It was when the Berlin Wall came down in 1989 that Edouard Husson, then living in France, packed his bags and headed for Berlin, to study and later to teach. “I found that our leaders were not ready for these events,” says the 43-year-old Frenchman, “So I had to go and see more.”
During his 11 years in Germany his enthusiasm for all things European flourished, a passion that has led Prof Husson to his latest job. In September he was appointed dean of ESCP Europe, the business school with campuses in five of Europe’s most influential cities – Paris, London, Berlin, Madrid and Turin...
"Life in the academic lanes", October 26, 2012, By Della Bradshaw of The Financial Times
As James Ellis – or Jim as he prefers to be known – leans back in his chair in the Financial Times offices in London and explains the benefits of online learning, it is clear he is not the usual bookish business school dean. “It (online learning) will allow a student in Fargo, Dakota to talk to one in Aberdeen, Scotland,” explains the top dog at the Marshall school at the University of Southern California. What is more, he adds, he has played golf in both locations – in Aberdeen, he emphasises, in the rain.
It is easy to conjure up a picture of the 65-year old former retail executive on the golf course, but this shrewd businessman has also proved his worth as a business-school dean, a job he has held for the past six years and for which he clearly still has tremendous enthusiasm. “I can’t tell you how much fun it is,” he says.
October 23, 2012, Financial Times, by Della Bradshaw
The UK’s Ashridge business school is to validate the degrees from the Lorange Institute in Zurich, owned and run by Peter Lorange, formed president of IMD in neighbouring Lausanne. Though Ashridge has held degree-awarding powers since 2008, this is the first agreement under which it will award its diplomas to students who did not study at Ashridge.
Students who successfully complete the Lorange Institute’s Executive Masters in Business Administration (EMBA) and Executive Master of Science in Management (MSc) will receive a dual degree, with certificates from both organisations.
While many managers think of August as the month for lying on a beach and soaking up the sun, for those considering an MBA, it is the month to dust down the CV, write application essays and sit the GMAT, the entry exam for business school.
This year, however, it’s all change as many of the world’s top schools have radically altered their application processes. Innovation is the buzzword, says Chioma Isiadinso, chief executive of Expartus, the business school admissions consultancy. “In the 15 years I’ve been in this industry I have never seen this level of change,” she says.
“Communications skills and presentation skills are going to be a lot more important than written communications in the future,” says Martin Boehm, MBA director at IE Business School in Madrid...
(Post-experience is ranking of four business schools)
Della Bradshaw of the Financial Times, May 21, 2012
It’s good news for business school graduates in America and Asia as more recruiters are hiring MBAs this year and the number of graduates that individual companies are hiring is also on the increase.
According to the latest survey from the Graduate Management Admissions Council, which administers the GMAT test, 79 per cent of companies that took part in its 2012 corporate recruiter survey said that they plan to hire recent MBA graduates this year, compared with 72 per cent in 2011. The average number of new hires also looks set to increase this year from 13 to 17 on average.
On average, companies in the Asia-Pacific region and the United States expect continued growth in hiring in 2012 for all management graduates, but in Europe it is a different story. European companies project that 2012 hiring levels will be similar to those in 2011...
Apr 20 2012 Business schools are often accused of being far removed from reality. Thomas Robertson, dean of Wharton Business School, tells business education editor Della Bradshaw that esoteric research can have practical uses. (4m 54secs)
FT Video, "Skills gap risk to world economy", March 9 2012
Unemployment in the US will fall but a lack of skills in the developed world will demand more immigration of knowledge workers, says Ben Noteboom, chief executive of Randstad, the world's second largest recruitment company. He tells Brian Groom, employment editor, that deregulation of labour markets, especially in Europe, is essential for improved economic prosperity. (7m 19sec)
The one-year full-time MBA programme, standard at most business schools in Europe, is starting to become a more prevalent offering in the US as American institutions strive to court a different target market.
Applications to MBA programmes are historically counter-cyclical to economic conditions: applications rise in bad times and fall in good. But the recent global economic downturn has been a different story. According to a survey by the Graduate Management Admission Council, applications to two-year, full-time MBA programmes declined in 2011 for the third consecutive year...
It is almost obligatory for business schools to trumpet their love of innovation, but Spain’s IE has a better claim than many for trying fresh approaches to business education.
Established in 1973 in Madrid, and now ranked as one of Europe’s leading schools, IE was among the first to offer an executive MBA 20 years ago, and later spearheaded a move into online education.
The school’s international reputation now helps it attract about 2,000 students from more than 90 countries each year, and it has built an alumni network of more than 40,000 with links to 25 offices spread from India to Chile.
“When we ask our students why they chose IE, they often say it is entrepreneurialism first, and diversity second,” says Santiago Íñiguez de Onzoño, the dean. “We have one of the highest-diversity environments, not just in terms of the numbers of passports, but in terms of gender, culture and different visions of the world.”
These aims are well demonstrated by IE University’s cross-disciplinary approach to teaching law, architecture and business and by the combined executive MBA programme with Brown University in the US, which sees students take courses in social sciences, literature and philosophy...
...Having spent 21 years in the private sector, at Bank of America, he is now well on the way to completing a further 20 years in education. His first port of call was Michigan State University, followed by San José State University, where he was the founding dean of the Lucas Graduate School of Business . He has now been re-appointed for a second five-year term as dean at the Brandeis International Business School, in Boston, his home city...
Learning the law business by Della Bradshaw, November 25, 2011
...He is one of an increasing number of law students who see the real value of combining the study of the two disciplines. For, as the big law firms increasingly behave like large global businesses, and the legal framework in which international businesses operate becomes increasingly complex...
Financial Times article, by Della Bradshaw, November 14, 2011
...The university is in the final stage of approval of a “1+1” programme, which will enable students to study an Oxford specialist master's degree and an MBA in two years. It is all part of the strategy of Peter Tufano, Saïd Business School’s newly appointed dean, to enable the school to take on the big guns in the US, including Wharton andHarvard, Prof Tufano’s alma mater...
Stanford Graduate School of Business has received a $150m gift, the largest in its history, to focus on alleviating poverty in emerging markets. The Institute for Innovation in Developing Economies is to find ways of applying the kind of entrepreneurial skills made famous at Stanford, situated in the heart of California’s Silicon Valley, to spur economic growth.
For Garth Saloner, the South African dean of Stanford GSB, the institute should bring two benefits. “The end goal here is poverty alleviation and capacity building for Stanford University.”
One of the most distinctive elements of the initiative is that although housed at the business school, every department at the university could be involved, including engineering, healthcare, law or public policy. The multidisciplinary approach is what distinguishes the centre from others in the US, says the dean. “I do think directionally that this (alleviating poverty in developing economies) is the sort of activity that people do not usually associate with a business school. “But issues such as sustainability, governance and water policy are areas where leadership and entrepreneurship can play a critical role, he argues.
Stanford Graduate School of Business Launches Institute to Alleviate Poverty with $150 Million Gift
STANFORD, CA—The Stanford Graduate School of Business has established the Stanford Institute for Innovation in Developing Economies with a $150 million gift from Dorothy and Robert King, MBA ’60.
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
Poor Economics argues that so much of anti-poverty policy has failed over the years because of an inadequate understanding of poverty. The battle against poverty can be won, but it will take patience, careful thinking and a willingness to learn using an evidence-based approach based on randomized control trials.
...Through a careful analysis of a body of evidence, including hundreds of randomized control trials Banerjee and Duflo’s lab pioneered, they show why the poor, despite having the same desires and abilities as anyone else, end up with entirely different lives. Banerjee and Duflo used randomized control trials across five continents to test the impact of policies aimed at beating poverty...
...The book Poor Economics is very helpful, because it is both empirically rigorous and insightful about the realities that the data doesn’t always capture.
Poor Economics is by two MIT economists, Abhijit Vinayak Banerjee and Esther Duflo. Their life’s work is traveling to poor countries, looking closely at what works and what doesn’t work in efforts to fight hunger and disease, improve education, and broaden access to basic financial services. The authors are directors of J-PAL, an MIT poverty action lab that’s a network of 59 professors around the world who use scientific methods to answer critical questions about alleviating poverty...
Poor Economics, which champions radical new ways of tackling global poverty, is the 2011 Financial Times and Goldman Sachs Business Book of the Year. Abhijit Banerjee received the £30,000 award on behalf of his co-author Esther Duflo at a dinner in London on Thursday.
Lionel Barber, editor of the Financial Times and chair of the panel of judges, said he had been “blown away by the thoroughness of [Banerjee and Duflo’s] empirical research. This is going to be a real basis for innovation in policy, innovation in government, and a guide to intellectual debate. This is a business book in the broadest sense”. Read more about the winning book...
An interview with Edward Snyder is unlike an interview with most other business school deans. He is quietly spoken, articulate and reflective – and there is little of the hard sell tactics adopted by many of his peers.
As one of only a handful of deans to have been the boss at three different business schools, he has a wealth of experience to draw on when he talks about the business school industry, clearly one of his favourite topics. Now in charge of the business school at Yale, he was previously at the University of Chicago’s Booth school of business, and before that at the Darden school at the University of Virginia. “I love deaning,” he confesses....
Article of Della Bradshaw, October 3, 2011
A quiet revolution looks set to take place at the University of Oxford, that most hallowed of academic institutions. And it is all to do with a man from Cambridge – Cambridge, Massachusetts.
Peter Tufano, the new dean at the Saïd school, has plans to build the reputation of the business school to match that of the university, one of the UK’s most prestigious. Few could doubt his credentials: for the past 22 years he has been a faculty member of Harvard...
Financial models create a false sense of security, September 5, 2011
....Given the tremendous changes in financial systems, these theories must be scrutinised and then abandoned as models for the future. As business schools and institutions continue to preach these principles, they perpetuate a fundamentally flawed system of thinking. Now more than ever, it is as important to teach the flaws as it is to teach the basis that presents them.
Didier Cossin is professor of finance and governance at IMD, director of the IMD Global Board Center and programme director for High Performance Boards
The current limitations of the job market means that business schools need to embrace a wider audience
Western business schools can play an important role in helping to bring a more accountable, professional and responsible business culture to the region
While freedom of teaching and research must be defended, bridges for mutual transfers of knowledge and best practices have to be built
Business schools must look at their actions not through the lens of their knowledge, but through that of the student experience
French schools can no longer rest on their laurels: if the ‘grandes écoles’ system is to survive and thrive it must adapt and make a virtue of its size
In an ever more shifting world, having a baseline of values and beliefs will be crucial
An interactive graphic giving an insight into the careers and thoughts of the top business school deans.
Article of July 25, 2011, By Della Bradshaw and Michael Jacobs
The financial crisis, which threw the spotlight on MBA programmes and graduates, combined with the management needs of a new breed of industries, mean that business schools are now trying to recruit a different type of student to their MBA programmes. This is particularly true at top US business schools Harvard, Wharton and Stanford. Where these schools lead, others follow...
Article of the Financial Times, July 21, 2011.
Prof Awaysheh’s research focuses on how firms attempt to manage socially responsible practices in their operations and supply chains. He teaches operations management on the MBA programme at the school as well as an elective on corporate social responsibility.
He defines for the Financial Times: operations management, socially responsible practice, supply chain distance, supply chain power, supply chain transparency...
Article of the Financial Times, Della Bradshaw, July 25, 201
Blair Sheppard, one of most innovative business school deans in the business, is to spearhead Duke University’s push into China by taking up a new role in fund-raising and development for Duke Kunshan University, which is being established near Shanghai. In doing so he will step down as dean of Duke’s Fuqua school of business, an appointment he has held since 2007...
Article of the Financial Times, by Della Bradshaw, July 21, 2011.
The Kellogg school at Northwestern University is to establish a network of hubs on three continents, says Sally Blount, who has been dean at the school for just a year. As well as Chicago, the school is expected to set up two more centres, one of which will be in Asia.
“To be a global player you have to have more than one home,” says Prof Blount...
Article by Della Bradshaw of the the Financial Times, July 11, 2011
Becoming dean of the University of Chicago’s Booth school of business should prove to have both advantages and drawbacks for Sunil Kumar. To begin with, as he rightly says: “I inherited a school in excellent shape.” That is the good news.
But for the former senior professor at Stanford who took up the dean’s job at Chicago on January 1, taking over such a well-run school will inevitably make it hard for him to stamp his mark...
Welcome to the Financial Times Ask the Experts Jobs Clinic 2011. Are you an MBA graduate still looking for a job? Or are you a corporate recruiter, hoping to recruit MBAs this year? What skills can an MBA bring to your company?
Bruce Lane, vice-president of MBA Focus, the US-based recruitment organisation that specialises in MBA recruitment, answered your questions on Wednesday 29th June 2011.
...But the development that has taken most business schools by surprise is the strength with which banks and financial service firms have returned to the hiring trough...
David Begg has never been one to blow his organisation’s trumpet. But now, with eight years as the principal of London’s Imperial College Business School under his belt, the 60-year old Glaswegian has something to shout about...
It is the proud boast of Abu Dhabi University, in the United Arab Emirates, that it hosts two Starbucks coffee shops on its campus in Khalifa City. It is not heavy sales that necessitate the duplication, rather that there is one café for male undergraduates, a second for female.
Gender segregation in education is just one of the distinctions in a region that has proved to be a magnet for western universities, business schools and training companies over the past decade. So much so, that from a real lack of management education a few years ago, the difficulty these days is determining quality courses among the quantity...
Passion. Marketing genius. Charisma. These three characteristics are just part of the reason I respect and admire Jean-Claude Biver, chief executive of Hublot, the Swiss watchmaker. The obsession with brand differentiation that Biver exhibits should be in the genetic make-up of every marketer, and to my mind the most gifted orators in the world cannot match his simple yet passionate public addresses...
No need for acts of management bravado, FT, March 30 2011
Beyond the Familiar Long-Term Growth Through Customer Focus And Innovation
By professors Patrick Barwise (LBS) and Seán Meehan (IMD)