Posts by Yessenia Funes

Oct 13, 2017 by

London Business School Still Hotspot for International Students

london business school international

London is a key destination for people abroad, especially for its business schools.

The London Business School is still attractive for international students, a press release reads. The incoming 2019 class will be 91 percent international—even with the drama and controversy following the Brexit decision. It seems that this move might actually be helping the school attract more students.

“Students coming here have seen increased purchasing power (due to the fall in the pound), while LBS has succeeded in hiring excellent faculty for the 2017–18 school year,” Professor of Management Practice in Accounting Andrew Likierman said.

The 2019 cohort is made up of 432 students with just 39 percent women. They come from 62 different countries and are around 29-years old. They’ll likely see the success. Ninety-four percent of last year’s students had found a job within three months of graduation. One of the students joining the school is 2019 is Sherry Stolar.

“I’ve lived in London twice before, and there’s no other place in the world with such diversity,” she said. “LBS’s class reflects that, with students from 70 countries and from diverse backgrounds.”

Stolar values having global peers. After all, the business world operates out of a global market. Meeting people from around different corners of the world certainly doesn’t hurt her—or any other student’s—chances at making it in business.

Forbes gave the business school the best international ranking, so it’s likely to keep seeing more students from outside the country. Its MBA programs include a full-time, executive, and several masters programs. For student Amanda Morgan, there’s nowhere else she’d rather be. The school’s international student body is what she wants to further her career.

“Diversity is important because a large part of what you learn on an MBA is from your peers,” Morgan said. “Students and faculty at LBS offer a vast range of perspectives from which I can learn and later apply in a consciously global context.”

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Oct 9, 2017 by

MBA Graduate Joins Rotman as Lab Executive Director

rotman lab executive director

At the Rotman School of Management at the University of Toronto, graduation can mean a new position with the school itself, which is exactly what happened to Sonia Sennik.

Sennik recently graduated from the school’s Executive MBA program, according to a press release. Now, she’s joining the business school as the first-ever national Executive Director of the Creative Destruction Lab. She will be working alongside lab founder and Academic Director Ajay Agrawal, the school’s Peter Munk Professor of Entrepreneurship. The lab has been helping science-based business ventures succeed since 2012. It mentors them what they need to know to get past the “seed stage.”

Rotman describes the lab:

“It employs a unique, objectives-focused coaching process to help founders commercialize advances in science and technology. The Lab also provides experiential learning to MBA students through year-long courses where students work alongside the Lab’s Fellows and venture founders, giving them a unique chance to learn how to evaluate, finance, and manage technology businesses.”

“The Creative Destruction Lab is expanding rapidly, both geographically and programmatically. Sonia will provide leadership, vision, and energy to help ensure the success of the Lab and its ventures in the coming years,” Agrawal said in the press release.

Sennik’s held important titles before, too. There’s HATCH, a consulting agency for engineering and construction projects, where she “held senior project and engineering management roles.” She was also the first to receive the Rotman Social Impact Award.

She’ll now help take the lab further, and it’s accomplished lots already. Its graduates prove it. Some of these companies include Atomwise in San Francisco and Kyndi in Palo Alto. This year, the lab expanded to include a program all about quantum machine learning startups.

We’ll see what’s next with Sennik in charge.

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Oct 9, 2017 by

San Diego Professor Argues Against Corporate Human Rights Abuse

usd professor custin

Just because a person means business, they shouldn’t be expected to fight on the behalf of corporations.

At the University of San Diego School of Business Administration, one professor is making the case that the courts should hold corporations accountable. Professor Richard Custin‘s new scholarly article, “Legal Remedies For Corporate Abuses of Human Rights (Jesner v. Arab Bank),” argues for the use of the Alien Tort Act and Supreme Court to take corporations to court. He doesn’t want to see corporations walking away from poor business transactions without seeing consequences. What better place than U.S. courts? This is true even if a corporation harms a foreign person not in the United States.

The professor writes:

“Congress could amend the [Alien Tort Act] to specifically include corporations. We expect that the Supreme Court in Jesner will finally answer the question of whether corporations are liable under the ATS. A finding by the Supreme Court that corporations are liable under the ATS will serve to hold financial institutions accountable for failing to detect unethical financial transactions. Eleanor Roosevelt’s wisdom that “we will be the sufferers if we let great wrongs occur without exerting ourselves to correct them” is as applicable today as it was for the “greatest generation” in World War II.”

In a broader sense, harsher punishment towards corporate abuse has been a particularly difficult subject for decades, especially since the Great Recession. The Week‘s Ryan Cooper outlined much of problem in the financial industry and why repeated efforts to punish companies has fallen short.

Custin is a Clinical Professor of Business Law and Ethics at the school. He is also an attorney and owns a law office. This expertise makes business law, mediation, health law, medical malpractice, and legal research his areas of expertise. Perhaps he can now add “human rights” to his resume.

The article was published in this year’s Kroc Peace Magazine. The SCOTUSblog also mentioned the piece in its Oct. 3 round-up.

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Oct 6, 2017 by

Cambridge Judge Announces New Barclays Partnership Course

Cambridge Judge Barclays

Meet the Barclays Scale Up UK Programme.

It’s a 36-week long course by the Judge Business School at the University of Cambridge in partnership with British multinational mega-bank Barclays.

The new course plans to help businesses address core growth problems, according to a recent press release. Professors Stelios Kavadias and Hanadi Jabado of the School’s Entrepreneurship Centre will lead the course—and they’ll get help from other industry experts, too. Both instructors carry impressive resumes: Kavadias is the Margaret Thatcher Professor of Enterprise Studies in Innovation & Growth, and Director of the school’s Entrepreneurship Centre. Jabado is Executive Director of the Entrepreneurship Centre.

“Small businesses face many hurdles in successfully scaling up, so Cambridge Judge Business School is offering companies the opportunity to upgrade their managerial skillsets to get access to capital and scale their organization up,” Cambridge Judge Dean Christoph Loch said in the press release. “The new Barclays Scale Up UK Programme will provide a clear framework for addressing these issues, and the business school is delighted to provide its expertise.”

Company founders and senior executive teams at the bank will now have access to essential lessons in tapping into growth that’ll only benefit the business. Barclays clients that still have room to grow can take the course. That means any business, from startups to those making more than £20 million in annual sales. The course will take in no more than 20 leadership teams.

The course is made up of several different major components including marketing, operational excellence, recruitment, and funding. These, among others, are essential to building growth in new businesses.

“From talking to our clients, we recognize there is a knowledge gap when it comes to leadership skills, especially for ambitious businesses growing at speed, and we see this partnership with Cambridge Judge as an opportunity to help bridge this gap for our clients and to further cement our commitment to supporting the eco-system beyond traditional banking,” Richard Heggie, Head of High-Growth and Entrepreneurs at Barclays, said.

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Oct 5, 2017 by

London Business School Achieves Best International Ranking from Forbes

London Business School Forbes

If you’re set on getting the right bang for your buck, why not head to London?

The London Business School just topped Forbes‘ new list for two-year international schools with the best return on investment, or ROI.

The business publication puts out lists every two years deciphering MBA programs’ ROI. One of those lists looks specifically at two-year programs outside the United States. Forbes calculated that the London Business School is the best after looking at how much its graduates earn during those first five years post-graduation. The publication reports that graduates from the best two-year international schools gained, on average, $74,300 over five years. Those within the U.S. saw that number stay at $50,000.

This is the business school’s breakdown, per Forbes:

“Alumni of its class of 2012 realized a 5-year gain of $119,100, the highest of any 2-year program in the world, and it took the typical graduate 3.4 years to pay back their investment. In comparison, alumni of Wharton, the top-ranked MBA program in the U.S., saw a 5-year gain of $97,100 and took 3.8 years to pay back.”

LBS is looking good right about now. The business school has been around since 1964 and offers a full-time MBA, executive MBA, masters in finance, masters in management, and other masters programs. The median GMAT score among enrolled students is currently 708, writes Forbes. So it’s no surprise that this is the school’s fifth consecutive time topping the list.

“Going to business school represents one the most significant professional, personal and financial investments that one can make,” said Gareth Howells, Executive Director of the London Business Schools’ MBA program to Forbes. “That investment is for the long term, rather than just about the role upon graduation.”

An investment into the London Business School isn’t easy though. It’s super competitive. Just 17 percent of applicants are accepted. May the odds be in your favor.

Click here for more on Forbes recent MBA rankings.

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Oct 4, 2017 by

Boston’s Essential Nonprofit MBA Programs

boston nonprofit mba

Business doesn’t only have to be about flipping a dollar. Some work isn’t about how much money a business makes but, rather, how much change it makes. This is part of the drive behind nonprofits and why some people dream about leading one.

Nonprofits provide rewarding work, and they’re right down the alley for those who believe in social change and people who don’t want the influence of corporate money. The nonprofit sector is a surprisingly huge as well, employing more than 10.7 million employees in the U.S. alone. Luckily, many schools have recognized the need for a proper education in this field. After all, nonprofit business is a particular kind of model, and it requires a particular kind of knowledge.

So why not learn the ropes in Boston? It’s not far from Washington DC, either, for those interested in policy work. It’s also a short ride to New York City, where there are more than 35,000 nonprofits. The state of Massachusetts offers roughly the same number, to put it into perspective, but the Massachusetts Nonprofit Network offers the state a unique resource to help connect nonprofits with funders and elected officials.

If Boston is the right city for you, here are three schools that offer competitive nonprofit MBA programs.

Questrom School of Business – Boston University

This MBA goes by another name: Social Impact MBA. Boston University’s Questrom School of Business program is one of a kind. It’s formerly known as the Public & Nonprofit MBA, but this name suits it better. The program’s key skills are marketing, public policy, and financial management—the ingredients to a boss nonprofit.

The program shares the same curriculum as the school’s full-time MBA and then some. The required social impact course is titled Fundamentals of Nonprofit Management. Electives will help students better concentrate their skills on areas they want. If you want to work in Latin America, Questrom’s got a class for that. Sustainability strategy? Yup. And even a course that teaches the importance of a mission.

D’Amore-McKim School of Business – Northeastern University

Northeastern University‘s College of Professional Studies offers a Masters of Science in Nonprofit Management on the Boston campus. While separate from the D’Amore-McKim School of Business, this program certainly gives the same business appeal from the business school.

The program comes in two sizes: full-time and part-time. Most students complete it between one and a half to two years. The school states, “Integrating theoretical approaches with practical applications, the Master of Science in Nonprofit Management prepares you for a leadership position in a not-for-profit university, hospital, charity, foundation, or religious organization.”

READ MOREWhich Boston MBA Programs Offer the Best Return on Investment?

Northeastern students can walk away with skills like fundraising, legal literacy, grant writing, and more. There are seven concentrations to choose from: global studies, human services, leadership, organizational communication, project management, social media and online communication, and sport and social change.The program costs roughly $30,000, and 11 percent of students receive financial aid.

Sawyer Business School – Suffolk University

Suffolk University has many different MBA program offerings, including a healthcare MBA, an executive MBA, and, of course, a nonprofit MBA. This specialty degree will teach students how to successfully lead a nonprofit. Seated within the Sawyer Business School, which has been around since 1937, the program includes a number of interesting courses.

One featured course is on law and ethics, with another on public service communication, as well as a vital grant writing course.  The program costs $1,424 per credit and can require anywhere from 45 to 58 credits. Students will be working out of downtown Boston with easy access to businesses conducting nonprofit work daily.

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