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Study Finds MBA Boosts Salaries for IT Professionals

An IT professional with an MBA degree earns 37 percent more on average than one with any other master’s degree, according to a study by M.S. Krishnan, professor of business information technology at the University of Michigan Ross School of Business. In addition, IT professionals with MBAs earn 46 percent more than those with just a bachelor’s degree. “The moment you complement technical skill with business knowledge, that’s when you become more valuable inside an organization,” Krishnan said.

Krishnan and colleague Sunil Mithas of the Robert H. Smith School of Business at the University of Maryland used data from more than 50,000 IT professionals who responded to Information Week surveys conducted between 1999 and 2002. Their results were published in the March 2008 issue of the journal Management Science.

Study Finds Social Issues Top MBA Student Concerns

MBA students are focused on career challenges and salaries, but they’re even more concerned about the role of business in society, according to a survey released April 21 by the Aspen Institute. Among the key findings:

• Business students are thinking more broadly about the primary responsibilities of a company. In addition to citing shareholder maximization and satisfying customer needs, more students are also saying “creating value for the communities in which they operate” is a primary business responsibility.
• MBA students are expressing more interest in finding work that offers the potential of making a contribution to society.
• Although more students in 2007 than in 2002 believe it is very likely that they will face values conflicts on the job, the further they progress through their MBA program the less confident they feel that their business school training is preparing them to manage those conflicts.

The study “Where Will They Lead? MBA Student Attitudes about Business and Society (2008)” asked 1,943 students at 15 leading business schools their opinions about business ethics, business school coursework, the corporate recruitment process, and related topics. An executive summary of the report is available at www.aspencbe.org/documents/ExecutiveSummaryMBAStudentAttitudesReport2008.pdf.

Babson Commissions Wind Turbine

As tangible evidence of sustainable business practices—in this case, renewable energy—Babson College broke ground on March 27 for the site of an on-campus wind turbine.

The brainchild of three Babson graduate students, the turbine project was sponsored by the Babson Energy and Environmental Club, a student-led organization at the Franklin W. Olin Graduate School of Business, which pitched the project as an example of innovation. Speaking at the groundbreaking, Babson College Dean of the Faculty Fritz Fleischmann said, “I welcome this wind turbine as an example of Babson's entrepreneurial spirit, of our ability as a community to create and collaborate, to live in the real world, and to turn a crisis into an opportunity.” Babson is the first school in the Boston area to harness wind energy through an on-campus turbine. Officially commissioned on Earth Day, April 22, Babson’s turbine is expected to generate 60 percent of the energy needs for a campus building dedicated to entrepreneurship.

Melbourne Business School Appoints Philosopher-in-Residence

"Great institutions bring great minds together for a great clash of ideas," says John W. Seybolt, dean and director of the Melbourne Business School. It’s in that spirit that his institution has now appointed John Armstrong as its philosopher-in-residence.

What does philosophy have to do with business? In a statement, Melbourne Business School said that given the complexity of business today, organizations require leadership that is “intellectually rigorous, imaginative, nimble, and courageous across business, government, and community sectors.” In that context, Armstrong’s mission will be to enrich the school’s intellectual life. Day to day, he will be teaching, speaking, and writing. Long term, the hope is that he will help students, faculty, and campus visitors sharpen their analytical and decision-making skills.

Biz Briefs

• Diversity and the MBA. Yale School of Management has joined the Consortium for Graduate Study in Management, a national nonprofit organization for diversity and inclusion in American business, as the Consortium’s 14th member school.
• Arts and the MBA. The Tippie College of Business at the University of Iowa is the beneficiary of sales of art prints of a cow named in its honor. Iowa artist Valerie Miller, a 2003 marketing graduate of the Tippie College, is donating to her alma mater 50 percent of the sale price of an image of “Tippie,” a Holstein done up in black and white against a background of “Hawkeye gold.”

From the Fundraising Desk

Prudential has made a $5 million contribution in support of an endowed chair and a center dedicated to business ethics and leadership at the Rutgers Business School…Fred G. Steingraber, the retired chairman and chief executive officer of A.T. Kearney, has donated $2 million to his alma mater, Indiana University, to support international outreach and technology in the Kelley School of Business….. Following a $25 million gift in 2006, the University of Hawai‘i Foundation has received an additional gift of just over $1 million from real estate entrepreneur Jay Shidler toward ongoing renovations of the Shidler College of Business at the University of Hawai‘i-MānoaUniversity of Manitoba alum Stu Clarke has given his alma mater $5 million; the gift will support a center for entrepreneurship newly renamed in Clarke’s honor…A $5 million gift from Neil and Susan McMurry and the McMurry Foundation will boost the endowment at the University of Wyoming College of Business….The Knox Foundation has given Augusta State University $2 million to support the accountancy program in the James M. Hull College of Business…. Bellarmine University has received $2.5 million from the family of Nolen and Maydie Allen; the gift establishes an endowment that will benefit several initiatives, including the construction of a Bellarmine Graduate School of Business.

New Programs

The Olin Business School at Washington University in St. Louis now offers a major in healthcare management, in partnership with the university’s medical school…. HEC and Science Po Paris are launching a joint program that combines education in management and public service. The program will be taught in English and will lead to master’s degrees from each institution…. The Sauder School of Business at the University of British Columbia has developed Early Career Masters, a one-year master's degree in business management specifically designed for graduates from non-business programs in such majors as art, science, and engineering....In June, the Wharton School of the University of Pennsylvania will launch “Creating and Leading High-Performing Teams,” an executive education program on team development. Wharton is also leading Penn’s new Initiative for Global Environmental Leadership, a cross-disciplinary project that includes faculty from Penn’s schools of arts and sciences, design, engineering and applied science, law and medicine….. At the University of Arkansas, the Clinton School of Public Service and the Sam M. Walton College of Business have announced a new dual degree program in which students receive both a Master of Public Service and an MBA….

Queen’s School of Business in Ontario and the Johnson School at Cornell University have extended the Cornell-Queen’s Executive MBA Program, a partnership started in 2005, into Dallas, Houston and Atlanta. Graduates of the program earn two MBA degrees, one from each school…..The College of Business Administration at the University of Tennessee is starting a new master's degree in human resource management this fall….The Stanford University Graduate School of Business will offer a new week-long executive education program designed to help social entrepreneurs address challenges in such areas as education, the environment, poverty, health care, and social justice….. The Indian Institute of Management, Lucknow has plans to offer a new full time, one-year, residential, international management program, designed for mid- and senior-level executives. Based at the institute’s Noida campus, the program will include several weeks of study at McGill University in Montreal…. Lomonosov Moscow State University and the J. Mack Robinson College of Business at Georgia State University in Atlanta are partnering on an executive leadership program that offers what is said to be Russia's first executive MBA as well as a master's of science in management. The EMBA will be conferred by the Robinson College; the MS will be conferred by Lomonosov Moscow State….

Singapore Management University has started an MBA program, offering an accelerated 12-month degree as well as a 16-month flex-time option….The College of Business at Colorado State University-Ft. Collins has created a new master's program, the Master of Management Practice, that allows non-business majors to earn a business master degree in one year after obtaining a bachelor's degree… With a curriculum developed by its Freeman School of Business, Tulane University is launching a new master’s certificate in business and human resource management….Dubai Aerospace Enterprise University has received accreditation from the UAE Ministry of Higher Education and Scientific Research for four new master’s degree programs, including an MBA in aerospace management….The Erivan K. Haub School of Business at Saint Joseph's University has started an online master’s of science in business intelligence….

In New Hampshire, Daniel Webster College has announced a new MBA in applied sport management. The program begins this fall....At the University of Minnesota, the Carlson School of Management and the Humphrey Institute of Public Affairs have announced a new dual degree, a Master of Public Policy and Master of Business Administration….

The George Washington University School of Business is offering a unique master's degree program for a select group of MBA candidates, who will work as paid executive trainees for the Washington Redskins football team or the Washington Nationals baseball team while earning their degrees. While at GW, the students will take elective sports management courses on-site at the new Nationals Ballpark in Washington and at Redskins facilities in Maryland and Virginia…..The University of Illinois at Urbana-Champaign is developing a new professional science master’s degree, designed to produce well-rounded workers who know the fundamentals of business as well as their chosen disciplines in science or mathematics….The School of Management at City University of Seattle has created a program leading to a Master of Science in Technology Management degree....Working with HCL, one of India’s largest companies, Grand Canyon University has launched an MBA program in India. The program will be offered through the university’s Ken Blanchard College of Business to more than 100 of the technology company's top managers….The new Graduate School of Business at the University of Charleston opens for business this fall in downtown Charleston, West Virginia, with a Master of Business and Leadership program. An EMBA program and an Executive Master's of Forensic Accounting are also planned….At Northwestern University, a new Interdisciplinary Center on the Science of Diversity will promote research and stimulate dialogue on diversity. The center is sponsored jointly by the Kellogg School of Management and the Weinberg College of Arts and Sciences.

To help business leaders and students address both the economic and practical challenges of incorporating green strategies, the Whitman School of Management at Syracuse University has teamed with the SUNY College of Environmental Science and Forestry and the Syracuse Center of Excellence in Environmental and Energy Systems to launch the Sustainable Business Collaboration, which will promote local research, practices and policies in sustainability….The Haas School of Business at the University of California-Berkeley is accepting applications for a new Ph.D. concentration in operations management that starts in the fall of 2009….. Benedictine University has created as new MBA focused on online entrepreneurship and managing innovation….. Hamline University formally announced the creation of the Hamline University School of Business….A new graduate school of business school in India, Calcutta Business School, has started operations…. Saint Joseph's University in Philadelphia, which launched a Master of Science in Business Intelligence degree three years ago, has started an online version of the program…..Kennesaw State University will start offering a Doctor of Business Administration degree this summer‚ the first at a University System of Georgia institution….. The Indian School of Business plans to start a pre-doctoral program, the first of its kind in India, designed to help aspiring researchers prepare for admission into top-ranking doctoral programs….

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