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Canadian Business School gets green light

Article Concordia Journal, November 9th, 2006.

Education Minister Jean-Marc Fournier...announcement of  several million dollars towards the construction of a new home for the JMSB.

Concordia has the funding to begin building the new John Molson School of Business...

...funding was announced on Oct. 30 by Jean-Marc Fournier, Minister of Education, Recreation and Sports... said the Quebec government has spent over $1 billion on the construction and renewal of buildings for universities and colleges over the past five years, and he hopes to see some federal spending as well.

The estimated cost of construction is $118 million, and the building is expected to be ready for occupation by September 2009.

Seeking Quality, German Universities Scrap Equality

Seeking Quality, German Universities Scrap Equality, The New York Times, October 20, 2006

Yet last week, when a German government committee anointed three institutions as elite universities — a sort of Teutonic Ivy League — Karlsruhe made the cut while Heidelberg did not. The other winners were the University of Munich and the Technical University, also in Munich.

The much anticipated decision, which entitles the schools to more than $100 million each over the next five years, sent spirits soaring at Karlsruhe and swooning at Heidelberg. It also set off a national discussion about the nature of excellence, the necessity of focusing on science and technology and the wisdom of culling the great from the merely good.

"People used to say elite was a dirty word,"....

UNIVERSITY OF PHOENIX has lost another legal round

The Chronicle of Higher Education, October 26, 2006

The University of Phoenix has lost another legal round in its attempt to derail a whistle-blower lawsuit that seeks billions of dollars in damages from the for-profit institution and its parent company, the Apollo Group Inc.

Last month a three-judge panel of the U.S. Court of Appeals for the Ninth Circuit ruled against the university on a legal issue and ordered the lawsuit, filed under the federal False Claims Act, to proceed to trial (The Chronicle, September 6). Lawyers for Phoenix had hoped to have that decision reversed by the full court, but in a decision on Wednesday, the court denied that request.

Ex-Enron chief gets 24 years

Ex-Enron chief gets 24 years, October 23, 2006, CNN

HOUSTON, Texas (CNNMoney.com) -- Former Enron chief executive Jeffrey Skilling, who gained infamy as the man who orchestrated one of the largest corporate frauds in history, has been sentenced to more than 24 years in prison...

Harvard people think they're special?

One More Reason That Your Kids Must Get Into Harvard by Rick Newman of U.S News and World Report - October 6.

Did you know that Harvard people think they're special?

In case you need reminding, go pick up a copy of a new magazine called 02138, dedicated to tracking the "Harvard tribe" as it migrates around the globe. Even if you're an ordinary zhlub with no academic pedigree, you'll be delighted to read about the parties attended by trendy young Harvardistas, recent books about Harvard, and the trenchant political views of Harvard alums.

Then there is the "Harvard 100," an indispensable list of the most influential Harvard grads.

....by celebrating people who were born with high IQs, wealthy parents, and a direct line to the Harvard admissions board....

___________________________

Blogmaster: The last excerpt is reminiscent of an ealier post on BizDeansTalk, "Show Them The Money", also title of a book review of the New York Times Sunday Book Review on "The Price of Admission".

Roundtable - Thought Leadership on Digital Strategies

Professor Eric Johnson,  Director of the Center for Digital Strategies at Tuck, hosted the "Thought Leadership Roundtable on Digital Strategies" on September 26, 2006 in Prague, with CIOs and other executives at leading companies to discuss conducting business in emerging markets.

CIOs and other senior execs from Cargill, Ceská sporitelna, Cisco, DHL, Erste Bank, GM, Hasbro, Henkel, IBM, and Škoda Auto were joined by academics from Tuck and Michigan and partners from AT Kearney and Egon Zehnder for this roundtable.

Press Release                 Agenda                    Discussion Guide
PDF (97K)                 PDF (73K)            PDF(34K)

Continuing our series of faculty videos we hear from the same Eric Johnson, who discusses how companies can protect their customers data; current IT challenges for Fortune 500 companies; cross-border intellectual property issues. (2 minutes). As always, we’d love to include viewpoints from other schools and other perspectives as well, so feel free to respond either with a text comment or via GoogleVideo, YouTube, or a similar video platform.

The good times are back

The good times are back, September 21, 2006, CNN

(CNN) -- The market is booming for MBAs, according to a new survey -- so much so that the one factor that might rein in the market is employers' worries about arrogant would-be executives demanding sky-high starting salaries.

But overall, the numbers are very cheering for anyone leaving business school this year.

The TopMBA.com International MBA Recruitment and Salary Report 2006, which surveyed 445 companies in 33 different countries, says it gives the most global perspective on the MBA market.

TopMBA.com International MBA Recruitment and Salary Report 2005 PDF (0.5 MB)

New source of millions of dollars worth of MBA scholarships, TopMBA Newsletter

New $300 million Russian business school

Work Starts on First Russian Business School September 26, 2006, The St. Petersburg Times.

President Vladimir Putin laid the foundation stone Thursday for a Moscow-area business school...

...Some of the country's best-known business leaders have agreed to help fund the $300 million project...

...as part of the two-year MBA program...

...Fourteen business leaders and companies, including Vardanyan and the country's richest man, Roman Abramovich, have agreed to donate up to $5 million each to the school...

...Construction of the school is expected to total $128 million, with another $100 million being plowed into an endowment. An additional $32 million will be spent on miscellaneous costs,..

OTHER SOURCES

Moscow’s new school looks west, Financial Times

Russian oligarchs open wallets to back biz school, Reuters India

Russian rarity: Birth of a real business school, International Herald Tribune

Oligarchs set up college for budding millionaires, The Times

Show Them the Money

Show Them the Money, September 17th, New York Times Sunday Book Review.

...Golden (the author of The Price of Admission) tells us that the admissions process, at least at the 100 top colleges and universities, is not a meritocracy — and exactly who thought it was? — but a marketplace. Every spot is up for bid. Some people bid with intelligence, which has obvious worth to the institution; some with cold cash, with its certain value; and   others with the currency of connections and influence and relationships that serve the institution’s interests. The ultimate result of trading limited spaces for ever increasing value is Harvard’s preposterous endowment of $26 billion...by Michael Wolff.

Jack Welch, teaches in bschool

Jack Welch, legendary CEO, is a strong believer in management education. In September 2006, Jack Welch starts teaching a class at MIT Sloan School of Management to a hand-picked group of a dozen students who have demonstrated career interest in operational management.

Books: Straight From the Gut, Winning

Economist article: September 12, 2006

Jack Welch shunned offers from business schools interested in his services. The students, he thought, were too focused on careers in consulting and investment banking to be interested in his management expertise. But...

B-school Dean News

Morand to be dean at ESCP-EAP, September 11 2006, Delia Bradshaw, Financial Times.

Economist Pascal Morand has been named as the new dean of ESCP-EAP, the European school of management. He succeeds Jean-Louis Scaringella, who was dean of the school for seven years, since it was created by the merger of ESCP and EAP.

______

Man of the world has high hopes for Judge, September 12, 2006, Cambridge Evening News

I am Belgian," says Prof Arnoud De Meyer, the new head of The Judge Business School..

"Insead is a very international place, and I liked that, the diversity. I got an offer to go back to Belgium, but no, I loved the international environment of Insead, and this is one of the reasons I have come to The Judge, the international feel."

He says he was lucky at Insead because he was able to combine the academic life with being an entrepreneur, both in setting up businesses and Singapore Insead.

______

B-School Deans Say Job of Preparing All Students for Diverse Corporate Life Is Not Done Yet  September 6, PRNewswire

A survey of business school deans at U.S. colleges and universities finds that a majority (52%) of them believe that as a group, they are not yet preparing all students to handle issues of diversity in the corporate world. However, 58% of the deans report students are better prepared for a career in business when they have had a minority business professor or doctoral teaching assistant.

Cosmopolitan Managers

Santiago Iniguez, Dean of Instituto de Empresa Business School.

A major challenge for international business schools nowadays is the transformation of their students into “cosmopolitan managers”. By this I mean persons who consider themselves citizens of the world and who are able to manage their companies effectively in multicultural contexts for the creation of wealth of their stakeholders and society. Cosmopolitanism is thus opposed to nationalism, and its adherents consider their membership to a particular country as circumstantial, like the colour of their skin or their height, but at the same time is compatible with a sense of belonging to or being proud of one’s community. The archetypal profile of a cosmopolitan manager prioritises cross-cultural skills and understanding of diversity over traditional analytical capacities or technical knowledge.

How can business schools better prepare its students to become cosmopolitan managers? I will offer three recommendations –here and in subsequent posts- that are, obviously, addressed to institutions that aim at becoming truly global, even though I respect those schools that have a domestic mission and serve their local management cadres –although every educational institution will face the same challenge at some stage.

The first recommendation is that international schools promote multiculturalism in class and foster cross-cultural integration. The more diverse a class is, the more it potentially reflects the wide range of differences that global managers may encounter in real life. The key question, however, is not just how diverse the class is in terms of, for example, the number of nationalities represented, gender, age, religion, professional or academic background and other vital criteria. Diversity should be also reflected in the composition of nuclear class units like, for example, working teams. In addition, and more importantly, diversity should be effectively managed by docents and programme directors for participants’ personal and professional development, as part of the learning process.

Let me tell you about a recent illustrative anecdote at my school, taking into account the highly diverse composition of our International MBA (*). Some months ago, a German MBA student told me that, generally, he felt more satisfied working with his American counterparts than with other fellow participants from Latin America. Let me put it bluntly, although his words were much more subtle: he believed that Latinos, in general, were lazier, did not contribute enough to teamwork, were always ready to start a fiesta and mostly superficial. He admitted that Latinos, again in general, had some virtues such as passion and “joie de vivre” but in the end he preferred Anglo-Saxons as workmates. As such, his views coincided with many clichés spread by cross-cultural studies on management. My response to him was that he could learn more from Latinos –very divergent to his own cultural idiosyncrasies- than from similar people. Certainly, sameness is much less enriching for the learning process than diversity. I believe I did not convince him but I made a bet with him. He is now in his exchange programme at a US business school, with a much lesser diversity in its class profile, and I asked him to tell me when he comes back if the learning environment there or here was potentially richer. We made a bet –you can guess what mine was- and I think I'll win it.

Constructive interpersonal relations among students from diverse cultures create the best context for the education of cosmopolitan managers. In addition, it helps participants to unmask prejudices that, very often, are obstacles to cross-cultural management. Contrary to what my German friend thought, Latinos are not genetically superficial, they are not more prone to cheating and they may be as rigorous as the Anglo-Saxon exemplar, but the best way to learn this is by knowing and dealing with them.      

(*) The class starting in the fall this year is composed of 93% non-Spanish participants with 50 different nationalities represented.

September 11: Effects on My Campus Five Years Later

According to a report released this week by the National Association of Independent Colleges and Universities, American colleges are still feeling the after effects of the September 11, 2001, terrorist attacks, particularly in areas like visa rules, international faculty exchanges, curriculum offerings, and campus risk-management and security planning

"September 11: Effects on My Campus Five Years Later" was based on a survey of 133 presidents and senior-level administrators at private colleges in 31 states and the District of Columbia. While the findings are not statistically significant, the responses provide insight into the continuing effects of the terrorist attacks on higher education, according to the association's president, David L. Warren.

"What stands out most in this survey is the impact September 11 has had on international student enrollment and faculty exchange," Mr. Warren said on Wednesday. "There is continuing concern and frustration with regard to this issue."

________

‘Osama bin Laden changed my life’, September 10, 2006, DMA Mubai.
In 2001, Rahul Bage, an MBA from the University of California, got a top-notch marketing job in a firm whose office was on the 34th floor of the World Trade Centre. He was to join the company on September 13...

You read it here first - The Times

MBA is a public private party,  September 5, 2006 The Times

AN MBA is about much more than a piece of paper. It’s not essay marks or assignment results that define participants’ success: it’s whether or not they finish the course with the skills, experience and contacts that will help them to develop their careers and their organisations.
______

Does the public sector need a special MBA?, September 5, 2006 The Times

A handful of business schools offer specialised MBA programmes for the public sector, including Birmingham, Nottingham and Warwick... But Jeanette Purcell, chief executive of the Association of MBAs, says that this specialist market is static. “They were established some years ago in response to the market, but demand isn’t growing.”
______

Study where the money is, August 31, 2006, The Times
Steve Little, a Brit who recently graduated from Tuck Business School in the US, took some classes in the US and UK before deciding where to apply. “The energy in the classroom is just at a higher level in the US. You got a real feeling that anything is possible; there is a buzz that I just didn’t get in the UK.”

Knowledge of Spanish language and culture is a valuable job skill

Knowing another language helps in business, school. September 3, 2006,The Tribune

"Population of Spanish speakers up: Area businesses capitalize on growing market niche" tells us that the future has arrived. Knowledge of Spanish language and culture is a valuable job skill.

Recruiters in hunt for Latino execs, 21 August, The Arizona  Republic
Headhunters are chasing Latino professionals harder than ever, working to fill executive suites and senior-level offices with people who understand the huge Latino market...
...A headhunter's home run looks like this: Hispanic. Late 20s to 40ish, young enough to be molded and promoted. Speaks, writes and reads English and Spanish. Has an MBA or postgraduate degree.

FYI:

(Asociación Española de Escuelas de Dirección de Empresas, Spanish Association of Business Management Schools)

Members

One year after Katrina (II)

If you found interesting the post of the 29th of August on hurricane  Katrina and the subsequent efforts of Angelo DeNisi, dean of the Freeman School of Business at Tulane University, then it would be worth having a look at this article that appeared recently in Businessweek "The B-school of Hard Knocks".

You read it here first

Check Costs, Benefits Of M.B.A.
If you've been thinking about going to business school for an M.B.A., you're not alone.

After years of lagging interest, especially at full-time programs, a stronger labor market is driving up the number of applications to graduate business schools.

Season's Rankings

Santiago Iñiguez, Dean of Instituto de Empresa.

Historically, business schools have been ranked by different media and education analysts more often than other segments of higher education. In the past years, however, the progressive globalisation of higher education, and particularly of postgraduate programmes, has resulted in increasing competition among universities to attract a larger number of international students, mobility of professors and knowledge as well as in the proliferation of university rankings. This month, Newsweek magazine has published a ranking of global universities where, for the first time, 19 out of the top 45 listed instittuions are non-US universities. Richard Levin, who writes the cover story of this survey, explains that "as never before in their long history, universities have become instruments of national competition as well as instruments of peace. They are the locus of the scientific discoveries that move economies forward, and the primary means of educating the talent required to obtain and maintain competitive advantage. But at the same time, the opening of national borders to the flow of goods, services, information and especially people has made universities a powerful force for global integration, mutual understanding and geopolitical stability".

On the other hand, US News and World report has published recently its America´s Best Graduate Schools 2007 - Ranking of Top Business Schools. The Complete Guide to Business Schools. This survey is a classical in the US, athough not exempted from critics. In a recommendable article published in The New York Times on August 16th, David Leonhardt affirms that "by now, 23 years after U.S. News got into this game, the responses have become pretty predictable. Disappointed college officials dismiss the ranking as being beneath the lofty aims of a university, while administrators pleased with their status order new marketing materials bragging about it — and then tell anyone who asks that, obviously, they realize the ranking is beneath the lofty aims of a university".

This week's issue of The Economist also comments on the US News and World Report rankings. Interestingly, its author opts for pragmatism: "whether the rankings are fair is beside the point, because they are wildly influential. In the 1983 survey barely half of the presidents bothered to respond. Today, only a handful dare abstain".

I have argued in this blog -where rankings have been a recurrent issue of discussion- that rankings, if conducted according to the basic principles of impartiality, transparency and consistency, add real value to the market. In the past years, many new ranking schemes have entered the scene, evidence that the market demands them. Different stakeholders –prospective students, recruiters and corporate clients- see rankings as additional criteria to gather further information and make the educational offerings more easily comparable. However, the remaining question is how can we make rankings more consistent and reliable.

New President of Society Beta Gamma Sigma

The New BGS President
John T. Wholihan, Dean of the College of Business Administration at Loyola Marymount University, assumes the presidency of The International Honor Society Beta Gamma Sigma on July 1, 2006. He believes that lifetime membership in the Society helps both student and alumni members throughout their careers.

Those involved with the organization are focused on (business school’s) reasons for existing – namely the students,” he said. “Not just students, but those dedicated to academic achievement.”

Read the Entire Article

B-school is hip again

B-school is Hip again, August 7, 2006, Business Week.

Applications to full-time MBA programs are on the rise after a three-year decline, according to a study by the Graduate Management Admission Council.

Reversing a three-year trend,applications to the majority of full-time MBA programs are on the rise, according to new research released by the Graduate Management Admission Council (GMAC) on August 7.

...BULL MARKET FOR MBAs..

...MORE FEMALE INTEREST...

Netherlands-Flanders Group Validates AACSB Standards

From the AACSB website
...Frank Bostyn, dean of the University of Antwerp Management School, said his school was pleased by the NVAO recognition. “It confirms the relevance of the AACSB accreditation and it is a strong indication of what really matters in education quality control,” he said. ...

This news is that it paves the way for national official recognition of international accreditation schemes -in this case AACSB- and thus fosters the implementation of the Bologna Accord.
 

About NVAO

Established by international treaty in 2003, the NVAO guarantees the quality of higher education in the Netherlands and Flanders through national accreditation. The organization proactively communicates about quality, as well as promotes the distinctive features of higher education study programs in the Netherlands and Flanders

College students warned about Internet postings

College students warned about Internet postings, August 2, 2006, CNN

...Incoming college students are hearing the usual warnings this summer about the dangers of everything from alcohol to credit card debt. But many are also getting lectured on a new topic -- the risks of Internet postings...

New Director at Manchester Business School

A new face at Manchester, August 2, 2006, Financial Times.

Professor Michael Luger from Kenan-Flagler Business School has been appointed to replace Professor John Arnold as the new Director at Manchester Business School. He will be in post from September 2007 when Professor Arnold will step down after leading the school for 12 years...

Meeting China's Need for Management Education

On a recent trip to China, Steven C. Wheelwright noted an increasing interest in entrepreneurship, globalization, and competitiveness. Most of all, the Chinese have an increasing thirst for management education

Meeting China's Need for Management Education, July 28, 2006

Diplomats take a leaf out of the corporate sector

Diplomats take a leaf out of the corporate sector, By Della Bradshaw of the Financial Times. July 23 '06

...with the government imperative to make the civil service more professional, have led to a growing realisation in the FCO (UK's Foreign and Commonwealth Office ) that management skills are of equal value to traditional diplomatic skills....

Going online for a better life-work balance

Going online for a better life-work balance, 20/07/2006, Telegraph

Largest donation ever made

Indian state of Orissa.

Anil Agarwal donates $1 billion to set up Vedanta University, Feb 16, 2006 Rediff India Abroad.

Indian Foundation Will Give $1-Billion to Create a Huge Research University, The Chronicle of Higher Education (needs subscription), July 20, 2006.

Vedanta Resources Plc, the London Stock Exchange listed company, has submitted a proposal to the Orissa government to set up a world class university in the state with an investment of $1 billion.

In the largest donation ever made to a single higher-education institution, a foundation created by an Indian tycoon has committed $1-billion to establish a large, multidisciplinary research university in the Indian state of Orissa.

Anil Agarwal, the chairman of Vedanta Resources, a metals and mining company in India, had said in February that he planned to finance an elite institution that would cater to more than 100,000 students. On Wednesday, he formally announced the $1-billion donation, to be given in phases. During a brief ceremony at the State Secretariat in Orissa, he signed a memorandum of understanding with the Orissa government.

The government has identified 8,000 acres of land for the campus and plans to pass specific legislation to give the university complete administrative autonomy, according to a written statement by Werner Kreuz, managing director of A.T. Kearney, Germany, the consulting firm that is handling the project.

As the university's enrollment grows past 100,000, it is also likely to absorb a substantial portion of the Indian students who might otherwise have been expected to pursue a higher education abroad. More than 80,000 Indian students came to the United States in 2004-5, representing the largest foreign contingent on American campuses, according to data reported last fall by the Institute of International Education. Substantial numbers of Indian students also study in Australia, Britain, and Canada.

Wikipedia also has information regarding this new university.

Tags:  Vedanta, Donation

MBA Graduates in High Demand

MBA Graduates in High Demand, Preparing for the GMAT More Important Than Ever July 19, 2006, (PRWEB)

Job prospects have never looked better for business school graduates. According to new research from the Graduate Management Admission Council (GMAC), corporate recruiters plan to hire 18 percent more MBAs this year than in 2005. Moreover, the survey found that the average new MBA’s starting base salary is over $92,000 up 4.2 percent from the $88,626 average in 2005. The average total compensation package for newly minted MBAs has risen to $99,737.

Numbers for the top b-schools look even more promising. Last year, Harvard Business School graduates reported an average total compensation package worth over $174,000, up 11 per cent from 2004. MBAs from Dartmouth College’s Tuck School reported a substantial increase of more than 15 percent, receiving an average of $150,000 and Stanford Business Graduates averaging almost $149,913, up 9.5 percent.

[Blogmaster]

The graph was taken from the Corporate Recruiters Survey 2005–06 Survey Report downloadable from the GMAC website.

You might also want to have a look at other reports available for download at the GMAC website.

Tags: GMAC

 

Salary MBA candidates say they expect to earn

CNNMONEY.com (Section: Companies where MBA candidates say they'd most like to work)

Big paychecks

What do MBA candidates think they'll make after graduation -- and five years later? See salary expectations, with breakouts for women, men, and by industry

Most popular with women

Do women MBAs prefer to work at Disney, Apple or Microsoft? The results may surprise you. See the top 100 employers, as rated by female B-school students.

Most popular with men

Tags:  CNN, Salaries

You read it here first.

Don't let the cost put you off, July 13, 2006, The Times.
Deciding to do an MBA is one thing, raising the money to finance it is another matter.

LBS estimates that more than 40 per cent of British students beginning the full-time MBA course there next year will have some form of scholarship. Most MBA students, though, use a variety of funding options, including loans, company sponsorships, bursaries, scholarships and savings.

______

MBA world: investment banking, July 13, 2006, The Times.
The proportion of Stanford MBA graduates hired into investment banking shrinks or expands depending on the state of the markets. For example, more than a quarter of those who graduated two years before the 1987 crash became investment bankers compared with just 17 per cent two years afterwards. The gap in lifetime earning potential between bankers and non-bankers was huge: between $2 million (£1.08 million) and $6 million more for bankers.

The research, .. shows that 5 per cent to 10 per cent of MBA graduates leave investment banking within five years of joining and that this varies little from year to year.

______

Blue chips are back in business, July 12 2006, The Financial Times by Della Bradshaw

Entrepreneurial start-ups have lost their appeal for most business school students, according to a survey conducted by Kaplan of nearly 1,500 alumni of its GMAT preparation programme

Tags:  The Times, Financial Times

You read it here first

London leads drive to hire MBAs, July 2, 2006, Financial Times.

The City of London is drawing in the brightest and best of this year’s graduating classes. The starting salaries for London Business School graduates going into finance are £58,000– with sign-on bonuses of up to £20,000 on top of that and annual bonuses depending on a firm’s performance.

More Indians flock to foreign B-schools, June 16, 2006, The Times of India.
Dartmouth's Tuck School of Business (No 1 on the Wall Street Journal's B-school rankings) has seen a 100% increase in Indian applications over last year.

Why Top MBAs are full, June 28, 2006, DailyIndia.com
London - When Russia's state-owned oil monopoly OAO Rosneft goes public next month, investment bankers will share about $120 million in fees.

An MBA Pays (and so does a Y Chromosone), July 4, 2006, ComputerWorld
When it comes to IT salaries, an MBA trumps experience, according to a survey of 55,000 IT workers from 1999 to 2002.

MBA: Something academic for the weekend, July 3, 2006, The Independent
Studying while continuing to work is the preferred option for MBA students aiming to stay ahead of the competition.

Theodore Levitt Dies at 81

"CREATIVITY is thinking up new things. INNOVATION is doing new things", Theodore Levitt.

Legendary Marketing Scholar and former Harvard Business Review Editor, Dead at 81  HBS 

Theodore Levitt Dead at 81,  June 29, 2006, Business Week.

HBS Dean: (source Blog sits at)

"Theodore (Ted) Levitt, a legendary figure in the field of marketing, died early [Wednesday] morning at his home in Belmont after a long illness.  He was 81.  Ted joined the HBS faculty in 1959, was named the Edward W. Carter Professor of Business Administration in 1979, and retired from the faculty in 1990.  During his tenure, he served as an editor of the Harvard Business Review and as head of the marketing unit, among other responsibilities.  He was an extraordinary researcher, teacher, and writer, and a mentor to generations of scholars here at the School."

Tags: Levitt

Competition ace for ESMT

Della Bradshaw in her article of the Financial Times writes that Lars-Hendrik Röller, chief competition economist at the European Commission, is to succeed Derek Abell as president of ESMT, the German business school set up in 2002 by Germany’s corporate elite.

Dean Hubbard defends Business Education

Dean Hubbard of Columbia Business School, in yesterday´s article of the Financial Times, defends Management Education.

Connecting Senior Executives to a Career in Academia

In a bid to persuade executives to become business school lecturers, the AACSB has introduced a five-day seminar to enable these managers to move into academia.

The AACSB describes on its website this initiative and Della Bradshaw of the Finanical Times in an article points out that in the UK this type of Bridge program has existed for many years through the work of the Foundation for Management Education (FME).

The director of the FME discussed "The changing face of executive education" on 25th April 2005.

Tags(clickable): Financial Times, AACSB

Women: MBAs and business

Glass ceiling? Get a hammer, June 18, 2006, New York Times
WOMEN who want to make it to the top in corporate America face many hurdles, but the obstacles are surmountable

"Executive Insights - MBA", Posted: June 19, 2006, Business Day
Is there a proliferation of MBA programmes, are MBAs useful, and what about women and MBAs?

"Dean stresses need for female role models",  June 05, 2006, The China Post
...men face the same challenges, too, but "it's just a little tougher for women."

Equal Opportunity bias?, June 18, 2006, Business Week
A study of students finds both sexes feel discrimination.

"Women Face Multiple MBA Roadblocks, Say Female Executives", CNW Group
According to the survey, more than half (56 per cent) of women in senior level positions believe there are multiple barriers to female enrolment in MBA programs, but just 30 per cent of men in senior positions feel the same way. The obstacles most often cited by women are family responsibilities (36 per cent), lack of financial resources (18 per cent) and lack of female role models (6 per cent).

Tags(clickable): Women, China Post, New York Times

GMAT® 2006: Registration On the Rise

In March, GMAT® registrations for 2006 started to outpace registrations for the same period in 2005. Currently, the number of test takers registered for the exam is higher for this period than it has been in the last three years.

Tags(clickable): GMAT

You read it here first.

British managers flock to MBA programmes, June 7, Financial Times
MBAs are by far the most popular masters degree in the UK, according to the latest ‘What Do Masters Graduates Do?’ report published by the country’s Higher Education Careers Services Unit.

Are Business Schools Becoming Truly Global?,  Dean Edward A. Snyder, University of Chicago GSB
Business schools are becoming more global in terms of curricula as well as faculty and student profiles. Business schools are falling, however, well short of true globalization and the favored models have inherent limitations.

Can you teach a person ethics?,  June 7, Chicago Tribune
Iraqi allegations. Hiring probes. Enron. Right and wrong seem to be elusive concepts

MBA job news just keeps getting better and better.

Puffed-up paychecks, May 30, Business Week.
With the economy strong, MBAs are once again saying "more bucks already" -- and it's working. Salaries are high, both in the U.S. and abroad

Employers double recruiting of MBAs, June 2, Pudget Sound Business Journal

Googles new online spreadsheet will surely change some student's studying habits.

Study shows top business schools have top deans,  June 6, CNN
A new study of the Financial Times top 100 Global MBA list states that deans are largely responsible for their school's ranking. I wonder what the readers would have to say?

B-schools are a few steps behind market realities, June 6, Business Standard
WHAT THEY DON`T TEACH YOU AT B-SCHOOL.

You heard it here first

Six steps to revitalise Europe's higher education June 1 Financial Times
Europe's universities, taken as a group, are failing to provide the intellectual and creative energy that is required to improve the Continent's poor economic performance. Too few of them are world-class centres of research and teaching excellence. Many are desperately short of resources.

Russia considers the Bologna Process June 1, Russia Profile.org
Moscow State University has agreed to take part in the Bologna process, and according to a survey conducted by Lebedeva and sponsored by the Soros Foundation, fears of the process have been overcome, although the disputes still echo.

Job offers head towards a record and other MBA articles from The Times (May 18th)

Graduates are spoilt for choice as job offers head towards a record
Boom in City fuels need for new talent.
The TopMBA.com Index of MBA Recruiting forecasts a 22 per cent increase in jobs on offer. The prediction is based on responses from more than 500 MBA employers in 30 countries and follows a 20 per cent increase last year.

One year or two: the great divide 
The differences between North American and European schools.

Outsider to raise Insead’s profile
J. Frank Brown, the European school’s new dean, talks to Des Dearlove

Studying the family way catches on
As the average age of MBAs has nudged higher so has the likelihood that they will be in a long-term relationship while studying. 

Tags(clickable): The Times, INSEAD, The City

You read it here first!

International Group Endorses Principles for Ranking of Higher-Education Institutions -Thursday, 1 June, 2006

(The Chronicle article - subscribers only)

Summary:

An international group of educators, higher-education experts, and publishers that met in Berlin last month has come up with a set of principles for ranking colleges and universities.

The meeting, which was attended by 47 people from a dozen countries, was organized by the Institute for Higher Education Policy, an independent group based in Washington, and the Unesco-European Centre for Higher Education, which is based in Bucharest, Romania.

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Europa: study says: "make European higher education more attractive worldwide" - 19 May, 2006

It might be interesting to refer back to my previous post on this subject "How Strong is the Brand Europe" in Higher Education?"

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G8 on Education : Commissioner Figel to present the EU’s experiences in Moscow (Brussels, 31 May, 2006)

Education has featured in the conclusions of G7 and G8 summits for most of the last twenty-five years, but this is only the second meeting of education ministers. Their conclusions will be sent to the heads of Government at the G8 Summit (Saint Petersburg, 15-17July 2006).

A study of Enron before the fall

Rober F. Bruner, Dean of the Darden Graduate School of Business

With Enron's top executives, Kenneth Lay and Jeffrey Skilling, on trial for conspiracy and fraud–and a third, Andrew Fastow, testifying against them–the nightmare of the biggest bankruptcy in history is back. So are the questions that have dogged business experts since Enron's collapse: What really happened at the energy giant, and what can be learned from its demise? In a popular case study of the company, Robert Bruner, dean of the Darden Graduate School of Business Administration at the University of Virginia, and his coauthor, Samuel Bodily, a professor of business administration, have tried to provide a few answers– arguing, surprisingly, for a longer view of Enron's rise and fall. Bruner spoke with Senior Editor of the US.News & World Report Justin Ewers:

The Q&A (regular version),          The Q&A (longer version)

Tags(clickable): Enron, Ken Lay, Lay, Scandal, Skilling, Jeffrey Skilling

Survey shows how MBAs plot their careers

Today's article by CNN (Tuesday, May 30) speaks of:

- a wide-ranging survey by the Association of MBAs ("...such an exhaustive survey was useful for everyone, said Jeanette Purcell, chief executive of the Association of MBAs and includes the following information...") (related: AMBA's Career Survey 2005)

- graduates in general management averaged basic salaries of $142,600

EMBA SNAPSHOT

Executives taking the top EMBA courses in the U.S., Europe and Asia have average salaries of around $130,000 to $200,000.
A typical EMBA student is likely to be aged in the early 30s, with 6-10 years of working experience.
A top EMBA course can cost $100,000. Customized courses start at a few thousand dollars.

Tags(clickable): AMBA, CNN, EMBA

Enron's Skilling and Lay guilty

HOUSTON (Reuters) - Former Enron Corp. chief executives Ken Lay and Jeffrey Skilling were found guilty on Thursday of lying about their company's troubled finances in one of the biggest U.S. business scandals and could face years in prison.

Tags(clickable): Enron, Ken Lay, Lay, Scandal, Skilling, Jeffrey Skilling

New MBAs receive up to $92,360 to start

Bloomberg News - May 20, 2006, 1:06AM

Students finishing Master of Business Administration programs this year are being offered base salaries as high as $92,360 for the first year of employment, up 4.2 percent from the average $88,626 received by the Class of 2005, a new survey says.

More than two-thirds of jobs taken by MBAs in the Class of 2006 came with average signing bonuses of $17,603, up slightly from the previous year, according to the study released Friday by the Graduate Management Admission Council, a McLean, Va., research organization that administers the Graduate Management Admission Test.

After demand for MBAs declined in the softened economy that followed the 2001 terrorist attacks, employers and recruiters are now seeking the degree-holders to fill jobs in areas ranging from investment banking to marketing.

"The MBA continues to demonstrate its strong value proposition," GMAC President and Chief Executive Officer David Wilson said in a prepared statement. "In a knowledge economy, leadership and management demand a complex portfolio of skills and talents. A selective MBA program gives its graduate those skills."

Tags(clickable): GMAC

You read it here first

An MBA will stand IT managers in better stead for a place on the board, but qualifications are moot without hands-on experience - Vnunet

It's not just about the money - Times Online

The Value of an MBA - Inside Indian Business

The return of the MBA Mom - Business Week

Girl who stared college at 12 earns MBA at 18 - Sun Times

Lessons from the MBA trenches - The Globe and Mail

David Shields is new business dean

You read it here first.

• The upcoming MBA conference on the 17th May, organised by the The Association of MBAs, will have the following deans in attendance: Arnoud De Meyer (next dean of Judge of Cambridge), Santiago Iniguez (Dean, Instituto de Empresa Business School), Philippe Naert (Dean, Tias Business School) and Mike Page (Dean, Erasmus University).
• A proposed law that requires taxpayer-financed research to be available online could endanger the frail business of scholarly publishing. New York Times article (a quick registration is requred).
• According to the new report of Inside Higher Ed, the "hotter" and easier professors are, the better the student rankings.

Google leaps up MBA jobs wish-list

Universum's American MBA Edition is an independent research survey that offers detailed information on the work-related opinions of MBA's at the leading business shools in the US. Their survery of 2006 has been used in several articles including:


Fortunes list of "100 top MBA Employers"
Financial Times,
CNN,
College Recruiter and Zdnet

Tags(clickable): Google, MBA jobs