Executive Education rankings 2008
Compare data for both open enrolment and customised executive education programmes.
GRADUATING IN A RECESSION, Business Week article.
By Alina Dizik
For MBAs who are graduating in an economic downturn, finding a job can be a lot tougher than simply attending a few career services orientations and acing an interview. But while it does get more difficult, there are still plenty of positions available, say those who have graduated into a recession. Here we've gathered alums from 1990 and 2001 (two previous recession years) to see how they fared in the tougher job market and what they recommend for job-hunting B-school students....(see article).
1 The Waning Days of the Road Warrior, Business Week, May 22, 2008.
Whenever there's an economic downturn, corporations slash their travel budgets. The International Air Transport Assn. is already reporting that business and first-class travel have experienced the biggest plunge in five years. Typically, when the economy snaps back, so do the business trips.
...Take HP's Halo and Cisco's TelePresence technologies, which cost up to $300,000 a pop. Chief information officers of big companies say the systems usually pay for themselves within nine months. These machines bear no resemblance to the grainy, herky-jerky technology of yore. Researchers studying bodily reactions found that co-workers on different continents experienced the same chemical responses as they would in face-to-face meetings...
...Consulting firm BDO Seidman is pushing employees to meet virtually by using WebEx technology, which lets co-workers across the globe scrawl on whiteboards and share documents. The company is saving $1 million a year...
2. Aother "TelePresence" technology?
Britain's Prince Charles on Monday gave a speech at the World Future Energy Summit in Abu Dhabi, although he wasn't really there. Instead, a 3-D holographic projection of the Prince, recorded last...
...Few business schools have embraced culture to the extent of Spain’s IE Business School which now includes liberal arts studies, defined as applied culture, in its different Masters programmes. This, says Arantza de Areilza, dean of the IE School of Arts and Humanities, is a direct response to increasing demand from the business world for managers with a knowledge that goes beyond traditional management education.
“The market calls for businessmen and women who understand the global surroundings in which they live and work and who are sensitive to cultural differences,” says de Areilza....
Warren Buffett held a news conference in Madrid, Spain Wednesday on the third stop of his 4-day European tour.
Among the topics covered: his continuing effort to get the word to large family-owned businesses that he may be interested in buying if the family needs to sell, the U.S. economy and 'financial weapons of mass destruction.'
He also revealed that he made a mistake by waiting for so long before targeting Europe as a source of acquisitions.
Here, in its entirety, is that news conference, divided into four video clips.
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If you were to come into a business classroom for a day, what would you want to say to business students?
When Coca-Cola hires business school graduates, what qualitites do you look for?
Article of TimesOnline, May 14, 2008
So, should students learn a second language on their MBA programme so they can offer a well-rounded set of management skills?
Article of The Economist, May 15, 2008
MBA students appear remarkably sanguine in the face of a difficult job market. “Which MBA” asks: are they right to be?
There should be nothing more disheartening for an MBA student than, after all that work, graduating into an economic downturn. Particularly when the organisations suffering the biggest economic woes are prime recruiters of MBAs: financial services and banks. But, while no one doubts that the prospects for the economy and job market have worsened, compared with previous downturns something feels different this time around: both business schools and MBA students are remarkably upbeat...
China: Why Western B-Schools Are Leaving, Business Week, May 15, 2008.
Red tape, difficult partners, and weak demand have Western universities closing executive MBA programs.
...All foreign schools have to collaborate with a Chinese university and contend
with the local education authority and the Education Ministry, which exercise
tight control over joint ventures. But the biggest problem is that relatively
few Chinese have the requisite language skills to handle an all-English
curriculum. And with the cost of these programs averaging $50,000, companies
send only those with real potential. "I've done the math several different ways,
and I always get the same result: It's a really small market," says...
...The five top programs in Shanghai together have only 230 students enrolled.
The Berkman Center for Internet & Society at Harvard Law School is proud to celebrate its tenth year as a research program founded to explore cyberspace, share in its study, and help pioneer its development. Running through the 2007-2008 academic year, the celebration includes an event and distinguished speaker series; major releases of books by Berkman projects and people; a culminating conference -B@10 -The Future of the Internet" - on May 15-16, 2008; and a gala on May 16. More>>>
It's official! Berkman Center goes university-wide May 16, 2008 The Harvard Gazette carries the news, which was announced Thursday morning during opening remarks at the Berkman@10 conference, now concluded...
Today, WSJ’s Erin White ranks the top most influential business thinkers: Gary Hamel, No. 1. There’s also Thomas Friedman, Malcolm Gladwell and Jack Welch in the Top 20. This follows a recent story in USA Today talking about rich entrepreneurs.
Who’s missing from both groups? Women.
Not a single one popped up in the Journal’s Top 20 list. Rankings were based on Google hits, media mentions and academic citations.
Rankings were based on Google hits, media mentions and academic citations.
...But Dr. Hamel is the only traditional business guru in the top five, which includes two journalists, Thomas Friedman and Malcolm Gladwell, and a former CEO, Bill Gates. Mr. Gladwell is among three thinkers in the top eight who focus on psychology..
When Winning Is Everything, Harvard Business Review, May 2008
The primal urge to win often overwhelms rational decision making. Here’s how to tame competitive arousal, head off emotionally charged competitions, or manage them to your advantage.
Have you ever made a decision in the heat of competition only to wonder, when faced with the consequences, “What was I thinking?” Such charged decision making is driven by an adrenaline-fueled emotional state we call competitive arousal. It’s all too common in business—and all too often leads to costly mistakes...
1. Harvard Business School (U.S.A.)
2. University of Virginia: Darden (U.S.A.)
3. IMD (Switzerland) and 3. Stanford University GSB (U.S.A.)
5. IE Business School (Spain)
6. Center for Creative Leadership (U.S.A. / Belgium / Singapore)
7. Iese Business School (Spain)
8. Columbia Business School (U.S.A.)
9. UCLA: Anderson (U.S.A.)
10. University of Western Ontario: Ivey (Canada / China)
Arabs’ own Bologna process, Published in Jordan's JORDAN TIMES on April 25, 2008, Al Arabiya, News channel.
(Article on Al Arabiya : A voice of moderation helps transform Arab media, IHT January 4, 2008.)
Ahmad Y. Majdoubeh
"Life is full of ironies and paradoxes. We, Arabs, have a lot in common: language,
religion, history, heritage, customs, etc. Many Arabs believe in their heart of
hearts that they are one people, one nation. Not long ago, in fact, the various
territories occupied by the more than 22 Arab states at this point in time used
to form one territory, one nation.
Europe, by contrast, is composed of several nations, with different languages, cultures and geography. In several individual European countries, there are two or three (or more) different languages spoken, and people of different ethnic origins. Nevertheless, the Europeans (27 or more countries so far) have succeeded in forming a union - one which actually works: despite some snags here and there.
Europeans travel within all countries belonging to the European Union as if they were travelling within one country: no borders, no visas. Foreign nationals who obtain a Schengen visa from one European country can travel as freely as European nationals within the European Union.
Arabs, who claim to be one nation, cannot do the same in the Arab countries. In most cases, visas are required, and borders separate all 22 or more Arab countries. And, of course, there is no Arab union. And the Europeans have done more than ease travel.
Last week, I took part in a seminar in Brussels on the Bologna process, and in a follow-up seminar on the same subject on the campus of the University of Jordan a few days ago. The Bologna process is an initiative which is seen as part of an overall European drive to develop and modernise the higher education systems throughout Europe.
It took shape (though it started earlier) in the city of Bologna, in Italy, when 19 European ministers of higher education met and drafted a declaration, pledging to develop and upgrade the European systems of higher education (the so-called Bologna Declaration). These ministers (others were added later) meet every two years in a European city to evaluate progress.
The declaration (the process at large) focuses on a number of key components, summarised in the so-called ten action lines: system transparency, compatibility, student mobility, credit transfer, quality assurance, the three cycles, and many others.
In layman terms, the process aims at developing higher education throughout the European Union, creating an “area” of higher education which enables European students and faculty members to move within it with ease and effectiveness.
Just as travel among countries within the union has been made easy, “travel” of students and faculty members within European institutions of higher education (i.e., mobility) has been made easy.
Recently, 10 Arab countries have been allowed access to the process, and started taking part in cooperation programmes with European universities and student mobility.
Several Jordanian students are now studying at European universities, and several European students are studying at Jordanian universities as a result of this involvement.
Arab involvement in the Bologna process is important for many reasons. One is that many specific benefits emanate from specific bilateral and multilateral cooperation projects. Another, more important, is that as Arabs are thinking of developing and modernising their higher education systems, they can learn lessons from the Bologna process.
Furthermore, as cooperation within the process allows several partners to meet, Arabs meet other Arabs within the context of European programmes.
Engagement with the Bologna process, for Arabs and for Europeans, is beneficial. But should not Arabs develop their own Bologna process?
Let’s not talk about Arab unity. Let’s not even talk about an Arab Union (though we should). Let’s talk about an inter-Arab, intra-Arab cooperation programme.
Should not there be an Arab “Bologna process”?"
Article of CNN Money, April 18, 2008
The hot social network is fine for kids, but skeptical adults need a reason to sign up. One turns out to be getting good stuff in your News Feed.
NEW YORK (Fortune) -- Facebook, the 71-million-member social network, has attracted lots of adults during the last year as it became a global technology cause celebre. But I'm hearing more and more of these grown-up newbies questioning whether the service is really worth their time. Some find it more annoying than useful, and can't really figure out any benefit.Even some tech cognoscenti, many of whom are active and engaged Facebook users, are souring on the service...
...I remain convinced there are significant benefits to be found in making Facebook a central part of one's online life - but appreciate that for many it will take time before those benefits become obvious.
Just one view of Facebook:
Top 5 European Business Schools.
Top 5 North American Business Schools.
|Source: QS TopMBA.com International Recruiter Survey 2007|
|Thunderbird, The Garvin School of International Management||USA||91%|
|Harvard Business School||USA||79%|
|The Wharton School, University of Pennsylvania||USA||61%|
|IE Business School (Instituto de Empresa)||Spain||52%|
Media-Newswire.com) - HANOVER, N.H. May 1, 2008
Business school students from 13 schools around the world will descend on Hanover May 3-4 to battle it out at the 25th annual MBA World Cup soccer tournament hosted by the Tuck School of Business at Dartmouth. More than 300 players and fans are expected to attend the event, which will be held this weekend at the Sachem fields.
Article of the Daily News and Analysis, Mumbai, Wednesday, April 23, 2008.
Anjali Thomas in conversation with Michael S Hart, founder of Project Gutenberg:
1. What made you start Project Gutenberg in 1971, and what was the initial response?
2. How important is copyright today? Can we foresee a world in which books are available without copyright?
3. Do you think Project Gutenberg will do for the publishing industry what Apple's iTunes and even Napster did for the music industry?
4. Do you get writers approaching Project Gutenberg with their works directly?
5. What does the future hold for Project Gutenberg?
For the answers to the questions, see the article.
Sir Howard Stringer talks about the challenges he faces at Sony and how he has fared so far as the first Westerner to head this Japanese corporation.
Their list includes 10 colleges, universities, and websites that offer free business administration courses online. MIT's Sloan School of Management secured the top spot with more than 100 free courses.
"Some of the top colleges and universities in the world provide free
business administration courses online. Here is a list of the best
MIT's Sloan School of Management offers more than 100 free business administration courses online. The courses cover every management topic imaginable and include everything from lecture notes and assignments to case studies and quizzes. Audio, video and text make up the bulk of the courses.
The Kutztown University's Small Business Development Center offers one of the largest collections of business administration courses available for free online. Courses cover topics like accounting, finance, marketing and management. Most courses are made up of either slides or videos.
However, CIOs with MBAs earn about $25,000 more than CIOs who don't have one.
Research Central recently published the results of a CIO Role Survey (April 9, 2008). The survey found that only 31 percent of working CIOs have an MBA degree. The number is even lower--19 percent--among CIOs who work for companies that earn between $5 and $99 million in revenue.
For more statistics, as well as an analysis of whether or not CIO's need an MBA degree, check out the full article.
Article of Wall Street Journal, April 21, 2008.
The hunt is on for business-school deans.
Dozens of schools are facing turnover in the dean's office this year, as some deans retire, some head back to the classroom, and others are pushed out. "Just as with CEOs, there seems to be more rapid change among the leaders of business schools," says...
..."the pressure to do fundraising has increased tremendously." If you don't bring in the dollars, she says, "you're encouraged to return to teaching. And if you do the fundraising well, you gain visibility and have more opportunity to move to a better job elsewhere."
...But AACSB International, the organization that accredits business schools, says a recent survey found that on average, deans have been in their positions only about five years. What's more, a quarter of them had been on the job just one year or less, while another 25%, three years or less...
...Business schools also are looking further afield for deans as the job description changes to include more strategic planning, marketing and fundraising...
Article of Economist, April 16th, 2008.
SOUTH KOREAN workers toil for over 45 hours every week on average, nearly seven hours longer than workers in any other OECD country. Americans put in 15% more hours on average than workers in the western (richer) bit of the European Union. Poorer Eastern Europeans work considerably longer. Flexible arrangements for part-time workers, generous welfare systems and a limit on the working week all contribute to western Europe's seeming indolence. But where more people work part-time the average working week is likely to be shorter. The Netherlands, where 45% of workers are part-timers, the highest proportion in any OECD country, has the shortest working week.
To Mr. Speicher, head of human resources for a Philadelphia asset-management firm, the best M.B.A. students have made enough decisions and mistakes in their careers to have gained some valuable insight. "When someone makes one of those nausea-inducing errors in judgment," he explains, "he or she comes away with a blend of confidence and humility."
HarperCollins has become the latest publisher to launch a full ebook programme, PrintWeek can exclusively reveal.
HarperCollins joins Penguin, Pan Macmillan and Random House in announcing its intention to capitalise on the growing market for publishing in electronic formats.
HarperCollins’ announcement comes at a time of cataclysmic change for book publishing and coincides with its launch of a new imprint, based on a non-traditional publishing model.
A spokesperson for the company said: “HarperCollins is launching its ebook programme this September, with a full complement of frontlist and backlist titles.
“We will be publishing simultaneous print and ebook editions of non-illustrated books and are currently undertaking an extensive review of our 10,000-copy backlist and clearing rights and royalties for as many of these titles as possible.”
After a slow start, the market for ebooks is growing. Statistics compiled by the International Digital Publishing Forum, show that global sales for downloads have risen from $6m (£3m) in 2002, to around $33m (£17m) in 2007.
M.B.A. Diaries - Sleeping Less and Eating More
Editor's note: In the M.B.A. Diaries four students provide an inside look at business-school life. In this sixth entry, the students talk about how their approach to fitness and diet has changed in graduate school.
Article of Fortune, April 14, 2008
(Fortune Magazine) -- If Berkshire Hathaway's annual meeting, scheduled for May 3 this year, is known as the Woodstock of Capitalism, then perhaps this is the equivalent of Bob Dylan playing a private show in his own house: Some 15 times a year Berkshire CEO Warren Buffett invites a group of business students for an intensive day of learning. The students tour one or two of the company's businesses and then proceed to Berkshire (BRKA, Fortune 500) headquarters in downtown Omaha, where Buffett opens the floor to two hours of questions and answers. Later everyone repairs to one of his favorite restaurants, where he treats them to lunch and root beer floats. Finally, each student gets the chance to pose for a photo with Buffett....
Just some of the questions, for the answers see the article.
Do you think the U.S. financial markets are losing their competitive edge? And what's the right balance between confidence-inspiring standards and ...
How do you feel about the election?
What advice would you give to someone who is not a professional investor? Where should they put their money?
How does the current turmoil stack up against past crises?
If big financial institutions don't seem to know what's in their portfolios, how will investors ever know when it's safe?
Article of Della Bradshaw of The Financial Times, April 13 2008
“The future of management education is not the future of the MBA,” he says – a statement that would horrify most of his US peers, as he well knows. “I would like to be the first North American school that gets this,” he adds...
...For Prof Schmittlein, there should be an appropriate programme for managers at every point in their careers. “We will be driven by growth in the number of programmes [we offer], not by a bigger MBA.” True to his word, he intends to launch a one-year masters programme in management – similar to many offered in Europe – for those who have just finished an undergraduate programme. The school has already announced that it will launch a specialised masters degree in finance and more specialised masters look set to follow...
...While many top business schools – Harvard and Stanford to name just two – are working hard to get other university departments, such as engineering or medicine, to work with them in offering joint courses, this is second nature to Sloan. “Our graduates are close to graduates from other departments,” explains Prof Schmittlein...
Article of Forbes, 15th April, 2008.
Washington, D.C. -
As if paying for college weren't enough of a nightmare these days, the roiled credit markets have made things worse. Now school officials, Congress and--most important--applicants are nervously waiting to see how much money for student loans will be available this summer.
Last year, students borrowed $77 billion to pay for higher education, according to a report from the College Board. A growing percentage of loans--24% last year, up from only 6% a decade ago--comes from private and state lenders, the rest from various federal loan programs. And those private lenders are getting tight. Tuesday morning, the Senate Banking Committee holds hearings on the impact the credit crunch has had on student borrowing....
..."Everyone's watching the market conditions almost on a daily basis, to see the trends and try to draw some conclusions about something that's three or four months in the future," says Matt Hamill, the senior vice president for advocacy at NACUBO, the National Association of College and University Business Officers
Article of Network World, 16th April, 2008
IT professionals who lack an MBA might be shocked to learn how much money they're leaving on the table. A new study of IT salaries finds that a Master of Business Administration degree is worth as much as 10 years of IT workforce experience, and is far more valuable financially than any other master's or bachelor's degree.
Specifically, an IT professional with an MBA degree earns 46% more than one with just a bachelor’s degree, and 37% more than a counterpart with any other master’s degree, according to a study published in the March issue of Management Science...
7 April 2008
As numbers grow, UN-backed initiative moves into operational stage to promote responsibility in business education.
(New York, 7 April 2007) – The Principles for Responsible Management Education (PRME), a UN-backed global initiative developed to promote corporate responsibility and sustainability in business education, has now been endorsed by more than 100 business schools and universities from around the world.
Institutions participating in the initiative, which was launched under the patronage of UN Secretary-General Ban Ki-moon in July 2007, make a commitment to align their mission and strategy, as well as their core competencies – education, research and thought leadership –, with UN values embodied by the six PRME principles...
Wall Street, Consultants lure top grads, MBAUniverse.com, 7th April.
Finance & Banking (%)
India's leading management portal MBAUniverse.com has released its annual MBA Placement Report 2008. The comprehensive report analyses final placement trends from Top 20 B-schools including all IIMs, ISB, XLRI, MDI, JBIMS and others.The report estimates that across these B-schools, the average salary offered has increased by a heft 20-22%. Highlighting the finding of the report, India's leading business daily Economic Times ran a headline on April 8: "No slowdown impact on B-school placements". Quoting the report findings, Economic Times said, "There are no signs of global slowdown and a grim stock market situation on the recently concluded B-school placements in India. Instead, a comprehensive post-placement analysis by a management portal MBAUniverse.com highlights interesting trends and attitudinal shift amongst students that could gain momentum in coming years."
Article of Della Bradshaw of the Financial Times, April 14th, 2008.
Italian explorer Christopher Columbus is reputed to have spent time in the ancient city of Segovia in Spain in the late 15th century, postulating that, since the world was spherical, one could discover trade routes to Asia by travelling west.
It is perhaps fitting then that IE, the Madrid-based business school, has chosen Segovia as the location to further its plans for global expansion.
IE Higher Education, as the new institution will be called, is looking to capture the global post-graduate and professional market, says Santiago Iniguez, who retains his job as dean of IE Business School but also becomes rector of IE Higher Education.
Rector of IE University* Santiago Iñiguez de Onzoño
The University project has been conceived to provide an academically
rigorous but innovative approach to undergraduate and post graduate
education, initially focused on disciplines that include architecture,
humanities and liberal arts and communication. The institution will be
developed around the core values of an international outlook,
innovation at the heart of learning, and the utilization of new
technologies, imbuing students with an entrepreneurial mindset and a
Why a new model?
Povl Tiedemann, Head of Department, Danish Business Economists
At an informal meeting of OECD Education Ministers in Tokyo in January 2008 there was considerable interest in the possibility of assessing Higher Education Outcomes internationally. Ministers are aware of the complexity of the task, and a proposal to conduct a feasibility study was welcomed.
While most people accept that rankings are here to stay and that better account needs to be taken of learning outcomes, some are concerned about the percieved risk that a simplistic approach could be misused to create another spurious ranking. The proposed feasibility will seek to address these fears.
The feasibility study will be conducted in 2008 and 2009 and OECD is in the process of appointing a project manager whose first task will be to ensure funding for an institutional commitment to the feasibility study. It is now expected that at least six countries will be involved.
The Chair’s summary from above Ministerial meeting is available on the IMHE website under “activities” on www.oecd.org/edu/imhe
It's hard to imagine a more ideal-sounding work life: working when you want, where you want, and how you want. So, it's no surprise that more and more people are jumping ship, moving from full-time, in-house positions to working for themselves, often in consultant or freelance roles. The Bureau of Labor Statistics predicts that the number of Americans choosing self-employment will keep increasing, from 12.2 million in 2006 to 12.9 million in 2016. Working for yourself can be an ideal career path, especially in today's tight job market, but it is also ripe for failure if undertaken without the right tools--and mindset...