Dec 9, 2019

Financial Times Reveals Top European Business Schools for 2019

Best European Business Schools

While many U.S. business schools continue to report declining annual applications—even to some of the most prestigious (and lucrative) MBA programs in the world—many of the best European business schools continue to flourish. According to the Financial Times, application volume in the continent increased by around 63 percent in 2019.

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Posted in: Featured Home, Featured Region, Financial Times, London, MBA Rankings | 0 comments

Nov 18, 2019

HEC Paris Jumps to 1st in 2019 Financial Times Executive MBA Ranking

FT EMBA Ranking

Leaping up from the sixth overall spot in the 2019 Financial Times Executive MBA ranking, Jouy-en-Josas, France’s HEC Paris claimed the top spot in the publication’s newest release.

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Posted in: Featured Home, Featured Region, Financial Times, MBA Rankings, News, Phoenix/Tuscon, Toronto | 0 comments

Jun 26, 2019

Michigan Ross and Michigan State Broad: Which MBA is Right for You?

Michigan vs Michigan State

As you search for the best fit in an MBA program, the country’s big metropolitan areas are likely on your list. It’s clear that New York, Chicago, Los Angeles, San Francisco, Boston and Philly have no shortage of renowned business schools and robust job markets.

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Posted in: Chicago, Economist, Featured Home, Featured Region, Financial Times, Forbes, mba, MBA Rankings, News, US News | 0 comments

Apr 12, 2019

Friday News – Booth Expands London Campus, Berkeley Haas MBAs Explore Pay Gap, and More

Chicago Booth London

Let’s take a look at some of the biggest stories from this week, including Chicago Booth London expanding.

Chicago Booth Expands Presence in Europe with new Facility in LondonChicago Booth Newsroom

University of Chicago’s Booth School of Business will be expanding its London campus, the center of which will be a newly constructed building adjacent to the Museum of London and St. Paul’s Cathedral.

The move from the current campus in the Financial District will be complete by spring 2020. The new location will serve as the home of the Booth Executive MBA Europe program, as well as various events, seminars, and conferences. Madhav Rajan, Dean and Professor of Accounting at Chicago Booth, says, “Our campus will be located in the heart of the City, in a newly developed neighborhood that showcases the best of London. I expect this will serve as a vibrant home for our faculty, staff, and students, and as a welcoming venue to host our external community of alumni, prospective students, and corporate and government partners.”

The 44,000 square-foot building will be comprised of two executive style multi-tiered classrooms, open meeting areas, and flexible event space. Booth’s European campus has been active since 2005, and was previously located in Barcelona, Spain.

For more on the new Chicago Booth London campus, click here.

Georgetown McDonough MBA Students Consult for WMATA to Improve Metro’s Image as Transit Provider, EmployerMcDonough School of Business News

Georgetown University McDonough School of Business second year MBAs recently met some tough challenges—encouraging ridership on DC’s Metro, along with presenting the agency as an appealing employer.

As part of a recently redesigned core course, Managing the Enterprise, students embarked upon a seven week consulting study called The Metro Challenge. Finalists pitched their ideas to WMATA executives, who selected the most workable solution to the problems that they presented.

Image result for washington dc metro

Practice in Management Professor Nick Lovegrove says, “In management courses, which tend to be a bit abstract, it really helps students to collaborate with an organization to provide a sense of reality … The fact that the WMATA is on the cusp of the public and private sectors means the issues they face are classic Washington issues.”

Practice in Management Professor Nick Lovegrove says, “In management courses, which tend to be a bit abstract, it really helps students to collaborate with an organization to provide a sense of reality … The fact that the WMATA is on the cusp of the public and private sectors means the issues they face are classic Washington issues.” The organization manages a $3.2 million budget, along with roughly 13,000 employees.

One winning team suggested a greater presence of technology such as smart apps to improve both employee and customer experience, while the other suggested mentorship programs and employee exchange programs to enhance operations. For more on the case study, click here.

Amir Yaron, Professor of Finance, Awarded Prestigious Stephen A. Ross Prize for Landmark PaperWharton News

Amir Yaron, Professor of Finance at the Wharton School, and Ravi Bansal, J.B. Fuqua Professor of Finance and Economics at Duke University have been recognized with the Stephen A. Ross Prize for their research paper,  “Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles.”

The $100,000 Ross Prize is a bi-annual award given to those who have made significant contributions to research in financial economics. Yaron and Ransal’s paper, which examines the drivers behind movements in asset pricing movements along with factors that determine expected returns on financial assets, is the sixth winner of the prestigious award. It is given by The Foundation for Advancement of Research in Financial Economics (FARFE), which serves as a bridge between theory and practice in the field.

Lars Hansen, Professor of Economics at the University of Chicago and Winner of the 2013 Nobel Prize in Economics, says of the paper, “This truly innovative paper … added an intriguing new perspective to asset pricing theory.”

You can read here for more on the paper and on the FARFE.

MBA Students Fight the Gender Pay Gap—One Offer at a TimeBerkeley Haas Student News

Two Berkeley Haas MBAs, Christina Chavez (’19) and Jack Anderson (’19), have decided to do their part for gender equity in pay through their work with the Haas Gender Equity Initiative.

Chavez, who will work at Google after graduating, discovered just how large the pay gap was when she joined an online compensation board called Blind. “People were posting their data, and we started saying ‘whoa’ there’s some major differences in how our colleagues are getting paid,” she says.

This realization prompted her and Anderson to set up a spreadsheet in which they and their classmates could share their earnings data. The students transformed this data into the Haas Wage Gap Infographic, which showed that the wage gap was closing, with women earning 96 cents of every male dollar. Alumni with over 10 years of experience, however, showed a much wider pay difference.

Assistant dean of MBA Career Management and Corporate Partnerships, Abby Scott, says, “I don’t think that we know the real cause of the long-term pay gap, but we are advising students to make sure they’re negotiating salary and thinking beyond compensation—and we speak frequently to women about both the importance of negotiation and taking on leadership roles.”

You can read here for more on the Gender Equity Initiative at Haas.

Shared Space Under Pressure: Business Support for Civic Freedoms and Human Rights DefendersNYU Stern News & Events

On Monday, April 8, the Stern Center for Business and Human Rights hosted the Shared Space Under Pressure event, with the aim of discovering how companies can best support civic freedom and human rights in their practices.

Speakers addressed the standards by which organizations can improve their approaches to these issues, and also the outcomes when business leaders do not take them into account.

The panel included Stern Professor of Ethics and Finance Michael Posner, Bennett Freeman, Principal author of “Shared Space Under Pressure”; Principal, Bennett Freeman Associates LLC; Deputy Assistant Secretary for Democracy, Human Rights and Labor from 1999-01; and Bobbie Sta. Maria, Director for Labour Rights and Asia, Business & Human Rights Resource Center.

For more, visit Stern’s event page.

Posted in: Chicago, Featured Home, Featured Region, London, New York City, News, Philadelphia, San Francisco, Washington DC | 0 comments

Mar 22, 2019

Friday News Roundup – Lehigh’s New Head of Executive Education, Ethics at VT, and More

executive education

Let’s take a look at some of the biggest stories from this week, including the all new Wharton FinTech Center.

Lehigh Announces New Head of Executive EducationLehigh University News

Lehigh University’s College of Business and Economics has announced the appointment of Alison McGrath Peirce as Director of the Vistex Institute of Executive Education and Leadership. Her tenure began on March 18, 2019.

At her former position at Wharton Executive Education, Peirce was responsible for launching the Advanced Management Program, as well as for forming new initiatives for executive training. She then formed Magna Learning Group, a consulting practice that worked with academic and for-profit organizations on marketing and business development strategies.

After a decade of running Magna, Peirce returned to Wharton, where she worked with Financial and Professional Services Firms to develop best practices. At Lehigh, Peirce will work to foster collaboration between faculty and practitioners in developing non-credit curriculum for companies and organizations. The work of the Vistex Institute has local, regional and national reach.

Georgette Chapman Phillips, Dean of the College of Business and Economics at Lehigh, says of Peirce’s appointment, “Alison brings a depth and breadth of experience to her role as executive director of the Vistex Institute that will take our executive education program to new heights … We are proud that our program attracted such a talented leader.”

You can read more about the new executive education appointment here.

LeBow Students Meet a PR Challenge in Marketing CompetitionLeBow College of Business News

Drexel University’s LeBow College of Business recently hosted a Marketing Crisis Challenge, which presented MBA and MS student teams with a real world scenario, in which their skills for strategy and problem solving were put to the test.

The hypothetical crisis involved a scenario at Talen Energy Stadium, in which a soccer fan attempts to bring a firearm into a game. The fan is prohibited from entering and is arrested, but the stadium’s marketing team must make a public statement regarding the event. The students were challenged to assess the political risk of the statement, along with the integrity of Talen’s brand. The presentation had to be completed in eight hours.

The winning team, made up of first year MBAs, presented a solution in which the organization reiterates its prohibition of guns in the stadium without taking a specific stance on the larger issue of gun control.

Image result for talen energy stadium

Talen Energy Stadium in Chester, PA, home to the Philadelphia Union MLS franchise and the site of this year’s Lebow Market Crisis Challenge.

Marianna Tretiak, a current MBA who has a background in television and film production, was part of the winning team. She says, “Early on, we came up with a one-sentence line—‘However you feel at home, guns have no place in the stadium’—and settled on that. After that it was figuring out how best to present it.”

Judges came from a wide selection of leading organizations, including: Dan Keir, Executive Director, Consumer Marketing at Comcast; Brian Papson, Vice President of Marketing at the Philadelphia Eagles; Catherine Trefz, Director of Content Marketing at Ricoh USA, Inc.; and Jeff Haas, Director of Business Strategy at Seer Interactive all weighed in upon the teams’ approaches, and decided upon this one.

The competition was hosted by the Dornsife Office for Experiential Learning. You can learn more about the challenge here.

Pamplin to Host 28th Annual Business Ethics SymposiumPamplin College of Business Notices & News

Virginia Tech’s Pamplin College of Business will host the Del Alamo/Hogan Symposium on Business Ethics on April 2, 2019 at Burruss Auditorium on VT’s campus.

Image result for Burruss Auditorium on VT's campus

The Virginia Tech Burruss Auditorium, which will feature the April 2 Del Alamo/Hogan Symposium on Business Ethics.

Featured speaker Leo S. Mackay Jr., a leading executive at Lockheed Martin, will discuss the importance of business ethics at all levels of professional life. Mackay serves both as Lockheed Martin’s chief audit executive and its senior vice president of internal audit, ethics, and assurance. He also heads LM Ventures, Lockheed Martin’s venture capital fund which is valued at $200 million.

April 1 will mark the beginning of Ethics Week at Pamplin, in which faculty will integrate discussion of ethics issues into their current curriculum. The symposium is in its 28th year, and it is free and open to the public.

Click here for more on the event including registration.

Columbia Business School Professor on Great Artists and Social NetworksColumbia Business School News & Releases

Professor Paul Ingram of Columbia University Business School recently published research stating social networks have more of an impact than creativity upon how much fame a person has acquired.

Ingram collaborated with Mitali Banjeree of HEC Paris on the paper, entitled “Fame as an Illusion of Creativity: Evidence from the Pioneers of Abstract Art.” Using the examples of 90 masters of abstract art such as Pablo Picasso, Banjeree and Ingram examined the social connections that strengthened the artists’ reputations and built up their level of fame.

Among the tools used to gauge relative creativity in the study were machine learning and ‘expert measures;’ both of which could not exhibit statistical success as much as the relationships that the famous artists had with their peers. According to the study, individuals with the most diverse group of friends and connections throughout diverse industries had the highest probability of becoming famous.

According to Ingram and Banjeree’s research brief, “[this] first-of-its-kind study reveals that social networks are actually a more reliable predictor of fame—even for artists who achieved critical acclaim long before the advent of Facebook and Instagram.”

Driehaus Professor Shares Expertise on Political MarketingDePaul News & Events

DePaul University Driehaus College of Business Marketing Professor Bruce Newman, one of the world’s foremost experts on political marketing, recently participated in a discussion regarding the 2020 U.S. Presidential Election.

Newman, the founding editor-in-chief of the Journal of Political Marketing, is a keen observer of how politicians employ the media to convey messaging and evolving trends.

“Marketing,” Newman says, “continues to be the most important medium through which a candidate has the best chance of getting elected because of the direct channel of … communication between the candidate and receiver of that information. No longer does a candidate have to get vetted by a political party. They can communicate directly to the voter.”

Bruce Newman, DePaul University Driehaus College of Business Marketing Professor, and co-author of Brand.

The rapid growth of technology and its extreme influence upon voters is a defining topic of Newman’s work. He says, “The speed at which information is conveyed … creates a crisis management mentality were campaigns are in a constant state of crises. Voters have the ability to get across their thoughts, their feelings, their instantaneous assessments and snapshots,” which greatly influences campaign outcomes.

Professor Newman is also the co-author of Brand, which explores the shifting ways in which consumers are influenced by branding and vice versa.

Posted in: Chicago, Featured Home, Featured Region, MetroMBA Roundup, New York City, News, Philadelphia, Washington DC | 0 comments

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