Villanova Wins, Wharton and Temple Land Donations, and More – Philly News
Philadelphia was up late this week watching the Villanova win its second NCAA Championship in three years, but that wasn’t the only exciting news out of the City of Brotherly Love. Here’s your weekly Philly business school news brief!
William P. Lauder Endows the William P. Lauder Wharton Leadership Fellows Program with $4 Million Gift — Wharton News
The Wharton School at the University of Pennsylvania announced that alumni William P. Lauder has committed $4 million to endow the William P. Lauder Wharton Leadership Fellows Program. Wharton Leadership Fellows are second-year MBA students who mentor, coach, and support first-year students in developing their potential and strengthening their performance as learning teams.
“I have always believed that great leaders are also great teachers, coaches, and mentors,” said William P. Lauder, who serves as Executive Chairman of The Estée Lauder Companies. “That’s what I expect of leaders at The Estée Lauder Companies, and what I hope to model for MBA students … I am thrilled to support this outstanding program’s continued growth and evolution.”
Lauder is also a member of the University of Pennsylvania Board of Trustees, the Lauder Institute Board of Governors, the Wharton Leadership Advisory Board, and a lecturer in the Wharton School. His family has a track record of giving back to the Wharton community, including funding for the Lauder Institute, student fellowships, and numerous capital projects, such as the recently completed New College House at 3335 Woodland Walk.
Read more about Lauder’s gift and the Leadership Fellows program here.
Stanley and Franny Wang Make $2 Million Gift to Fox School of Business — Fox School News
In similar news, a $2 million gift from Temple alumni Stanley and Franny Wang will support a fully endowed chair professorship at the Fox School of Business, and create an endowed fund for the Stanley and Franny Wang Chair in Business and Management. According to dean Dr. M. Moshe Porat, the fully endowed chair will be held by a leading scholar in a department soon to be chosen.
“I am continually humbled by the generosity of our school’s graduates, and Stanley and Franny Wang serve as shining examples of this philanthropy,” said Porat. “The Fox School has a proud tradition of providing leading and cutting-edge business education. Stanley and Franny’s transformative gift will significantly enhance our efforts to attract the world’s top professors and most-renowned researchers—both now in our centennial year and throughout the school’s next 100 years.”
Learn more about the Wangs and their generous gift to Temple here.
Associate Professor Korschun Receives Fulbright Award, 2nd for LeBow Faculty in 2018 — LeBow News
Daniel Korschun, associate professor of marketing and Stephen Cozen Research Scholar in Marketing, has received a Fulbright award to travel to Italy for a research project. According to a press release, Korschun will teach and conduct research on political statements by corporations at Libera Università Internazionale degli Studi Sociali Guido Carli from September to December 2018.
“With the two-party system here in the United States, these decisions are made in a simpler context,” Korschun said. “In Italy, they don’t have that—there are a lot more shifts in how people see their political identity. That makes it more complex to disentangle what’s going on in people’s minds.”
Korschun is the second LeBow professor to be awarded with the prestigious Fulbright Award: Economics Professor Konstantinos Serfes received a Fulbright award to visit the University of Exeter in the United Kingdom during spring 2019.
Read more about Drexel’s Fulbright Scholars here.
Villanova’s Title Proves it is the Best Team—and Program—in All of College Basketball — ESPN
Okay, okay—not business news—but a big deal for Villanova and the surprisingly championships-filled city of Philadelphia.
Fox Temple EMBA Jumps in New Financial Times Ranking
When it comes to MBA rankings, the Temple University Fox School of Business is usually remarked for its highly-praised Online MBA. But focusing solely on the business school’s remarkable digital offering overlooks its increasingly well-regarded executive business program.
Last month, the school earned an immense boost in the Financial Times 2017 Executive MBA program rankings, climbing up to 56th from 73rd overall last year—the highest spot in the school’s history. The annual list is typically dominated by joint EMBA programs, such as the Northwestern University Kellogg School of Management and School of Business and Management of The Hong Kong University of Science and Technology’s Kellogg-HKUST EMBA program, which came in 1st overall. In fact, only one non-joint EMBA—the Oxford Saïd School of Business’ EMBA—made it into the top 10.
The Fox School of Business EMBA program came in 10th overall among U.S.-only programs on the new list, as well as 7th among northeastern EMBA programs, and 2nd overall among business schools in Pennsylvania. FT praised the program in particular for it’s “global immersion experience” (ranked 3rd in the U.S.) and for progress students make three years after graduation (ranked 4th globally).
In a press release, Fox School of Business Dean Dr. M. Moshe Porat said, “These latest rankings from Financial Times are indicative of our program’s growing reputation, strength, and return on investment.”
“Further, global immersions and our worldwide partnerships afford students the opportunity to gain global business savvy and study internationally, all through an immersive learning experience,” he continues. “These details continue to set apart our program.”
The Fox School of Business at Temple University.
Michael J. Rivera, Ph.D., Associate Professor of Strategy and Entrepreneurship and Fox EMBA Academic Director, recently spoke on the why the school has seen its ranking ascension, saying, “It is not easy to boil the reason for Fox’s rise in the EMBA Financial times rankings to just one principle, but if I did, I would have to say that it is our commitment to continuous improvement across all areas of our programs.”
On the recent evolution of the program, fueling its incredible rise in the rankings, Rivera remarks, “Over the past three years, we’ve overhauled our program entirely. Repositioned with a strong understanding of the market, we strive to understand the value our students need us to deliver and be curricularly relevant in the eyes of industry.”
Like many of the world’s top-rated programs, the global experience factor of the Fox EMBA heavily contributes to its overall quality. Rivera, who teaches his Creativity, Entrepreneurial Thinking and Innovation Strategy course in multiple international locations, adds, “The Fox EMBA program has numerous campuses globally where we offer our program – Bogota, Lima, Paris, Casablanca, Shanghai, and Tokyo. Stopping at these various campuses is helpful because it keeps me connected with the students and gives me an opportunity to observe the various programs in action. The on the ground insight supports our ability to be aligned and work as a team, even though we are physically in different locations around the world.”
Breaking Down the Benefits
The 48 credit program’s benefits for students is fairly self-explanatory. Fox EMBA graduates earn an eye-popping $156,426 annual salary three years after graduation, as well as a $26,000 bonus increase by the end of the program.
For a business school that may not be casually grouped with Ivy League competition, Rivera believes the success of the EMBA and its graduates comes from the school “punching above its own weight.” This is possible, he says, “because of our dean who is truly entrepreneurial and innovative. His leadership has empowered people to drive change and doesn’t set boundaries on what is possible.”
The FT ranking notes that Fox EMBA grads have seen financial benefit increases across the board, from salary jumps and promotions (4th best among qualified EMBA programs), as well as increases in female and international board members.
Fox EMBA applicants typically join the program with 10 to 15 years of experience, with a limit of 90 students per academic year (45 per cohort). The program can be completed in as little as 16 months and a GMAT waiver is available for select applicants.
For more information on the Fox EMBA, click here.
Fox Temple Maintains Top Spot As Country’s Best Online MBA
For the third straight year, the Fox School of Business at Temple University earned top honors as the country’s premiere Online MBA program, according to U.S. News & World Report.
