MBA in the UK: Is London or Manchester Right For You?
With close to 9 million residents, London has the fifth-largest metropolitan economy in the world and is responsible for producing 22 percent of total GDP in the United Kingdom.
Continue reading…International Option: Pros and Cons of Earning a Master’s in Finance in the UK Instead of the U.S.
A Master’s in Finance is fast becoming one of the most popular degrees in the world. According to The Financial Times, “global demand for masters in finance (MiF) degree courses increased slightly in 2018,” due to a number of factors including ROI, career paths for graduates, and costs.
Continue reading…Financial Times Ranks the Top MBAs for Entrepreneurs
Leading entrepreneurs in the business world today can often be seen as trailblazers, standing strong and independent in an often cutthroat world. What isn’t seen as often is the kind of support—whether financial capital or mentorships—that can help get an idea off the ground. In recent years, business schools and MBA programs around the globe have made this kind of support for new businesses a core part of their operation, often offering entrepreneurship majors, business pitch competitions, startup incubators and more.
Each year, The Financial Times releases their ranking of the best MBA programs for entrepreneurship, helping up-and-coming entrepreneurs to make informed choices about the best program for their career and startup goals. Its latest ranking, for 2018, has just been released.
The 2018 ranking of the top MBA’s for entrepreneurship compiled fifty schools from around the world. A number of factors went into determining which schools would make the grade, including the percentage of graduates who started a company after earning their degree, percentage of female entrepreneurs, the extend to which funding from the school or from the school’s alumni network helped in the creation of new businesses, and more. These factors combined would help decide in what position a school would fall on the ranking.
This year, schools in the United States took the top three spots on the list: the Stanford Graduate School of Business, the F.W. Olin Graduate School of Business at Babson College, and the Tuck School of Business at Dartmouth College. Two UK business schools—the Lancaster University Management School and the Cass Business School—rounded out the top five.
Despite dipping numbers of students, the Stanford Graduate School of Business entrepreneurship program is still the top-ranked in the world, according to the Financial Times.
At Stanford, although it still ranked as the best school for entrepreneurship globally, there was actually a significant drop since in the number of students starting a business within three years of graduation. This year, it was just 22 percent of students compared with last year’s 36 percent. Babson College’s Olin Graduate School of Business also witnessed a drop; from 52 percent last year to 37 percent in 2018.
One explanation for the drop, however, is not that interest in entrepreneurship is declining, but instead being taken on more as a ‘side hustle’ than a full-time career. This was certainly the case for Samantha Penabad, a former strategy manager at Accenture and MBA at Berkeley’s Haas School of Business, who has been working on a digital donation platform called GivingFund. Although she didn’t intend on becoming an entrepreneur when she started business school, tutors at the university helped her to develop a business plan and a fellow student with finance experience joined as a co-founder. The service is scheduled to launch later this month.
But GivingFund remains a side job for Penabad, who will be taking on a full-time job in strategy and operations at Google in New York after graduation. As a result, someone like Penabad will be not be included in data for students starting businesses after graduation, but among those accepting full-time jobs. Students pursuing similar paths—working full-time but starting businesses on the side—may help explain the dip in entrepreneurship that many MBA programs are witnessing.
One reason behind this trend may be the fact that many students see a full-time role as just one step to eventually starting their own company. By putting their skills to work at a top company like Amazon or Google, students are able to more quickly pay off their student loans, which means eventually starting a business debt free. Companies like Amazon also may seek out those with entrepreneurial experience, because it demonstrates an attractive leadership quality.
“We welcome applicants with an entrepreneurial spirit,” says Amazon’s senior manager of campus recruiting, Dee Clarke. “They are given the ownership over their work, like they would [in] their own business, but within a global support network that provides added guidance and support.”
Guthrie Jones, an MBA at London’s Cass Business School, holds a similar philosophy. Although he had no intention of getting into entrepreneurship, he couldn’t stop thinking about one particular business idea and decided he’d have to pursue it. Guthrie believes his company, Icepick, which lets people rent out space on their hard drives, has the potential to become a global business. Still, if he right opportunity for a salaried role came up after graduation, he would gladly shift his plan to the side.
Nevertheless, student interest in studying entrepreneurship as part of their MBA has grown at schools like Cass. Part of this may be the result of Cass’s £10m investment fund, which has not only supported new MBA start-ups but has also trained students in the process of investing.
Financial Times MBA Entrepreneur Ranking (2018)
- Stanford Graduate School of Business
- F.W. Olin Graduate School of Business (Babson)
- Tuck Business School (Dartmouth)
- Lancaster University Management School
- Cass Business School (City University)
- Otto Beisheim School of Management (WHU)
- IMD Business School
- Saïd Business School (Oxford)
- Harvard Business School
- Judge Business School (Cambridge)
Cass Business School Releases 5 New Statements for Corporate Governance
Endorsed by more than 250 leading international academies, the Modern Corporation Project at Cass Business School has released five statements, which reveal a new vision for corporate governance. High-level experts in a variety of legal systems helped to devise the statements, which cover company law, economics, management and politics. The goal of the declarations is to foster debate about corporate governance and to provide cross-jurisdictional and cross-disciplinary consensus. Continue reading…
Top 5 Entrepreneurship MBAs in London
Over the past few years, London has become one of the most well-known, influential and successful startup hubs in the world. And it makes sense. London has always been the largest financial center in Europe, and it has a history of cultural innovation. Plus, 75 percent of the top 500 global companies are based in London.
That said the London startup scene is unique. At its core, it’s all about diversity. In a city of 8.6 million people, there’s an incredible opportunity for cross-fertilization of ideas from all over the world and from a diverse array of networks. And that’s why so many startup incubators and accelerators are popping up all over the city.
The city is ripe for entrepreneurship, but what about for budding entrepreneurs? That’s where schools such as the London Business School, Cass Business School and Judge Business School come into play. They and many others offer exceptional MBA programs focused on developing entrepreneurs.
So, which London entrepreneurship MBAs are the best? We’ve outlined the top five programs. Continue reading…
Cass Business School Hosts Inaugural Smart Beta Europe Conference
Top asset management experts joined up at Cass Business School for an inaugural conference on smart beta investing.
More than 220 investment professionals snapped up places at the first Smart Beta Europe Conference organised by Cass and ETF Strategy. The conference was designed to give delegates an insight into current and future developments in smart beta, which is shaking up traditional investment approaches in the asset management industry.
Among the line-up of speakers were senior executives from leading asset management firms and index providers, together with academics from Cass’s Centre for Asset Management Research.
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