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Schools Help Students Explore Emerging Career Tracks

As evidence of the rich array of career options open to alumni of graduate management education—and of the ways business permeates all fields—two business schools recently helped students explore nontraditional business markets.

The Tuck School of Business Administration at Dartmouth College hosted its first Media & Entertainment Symposium last month, offering students the chance to explore the rapidly changing landscape of entertainment and the monetization of artistic content. Contributors included artists, producers, investors, executives, and entrepreneurs. Recognizing that many of today’s students are broadening their vision to consider career paths they once may have overlooked, Tuck plans to make the entertainment symposium an annual event.

From Pac-Man and Pokémon to Halo and Grand Theft Auto, the business of gaming has exploded. Exploring this burgeoning field, MIT Sloan School of Management held its inaugural Business in Gaming Conference on May 8. Industry leaders, game developers, academics, and students from leading MBA schools came to Sloan to discuss digital distribution, marketing, and in-game advertising, among other business elements of the gaming phenomenon.

GMAC Partner Update:  Golden Key International Honour Society

GMAC is hosting a graduate management admissions panel at the 2009 Golden Key International Conference. The meeting takes place July 30-August 2, 2009, in Orlando, Florida.

A GMAC alliance organization, the Golden Key International Honour Society recognizes and encourages scholastic achievement and excellence among college and university students from all academic disciplines. Society members are eligible for scholarships and awards and can connect with exclusive career opportunities and assistance through the society’s partnerships with major corporations and graduate programs.

Golden Key is looking to expand its connections with graduate schools of business. “We are looking currently for strategic partners that are going to help us improve benefits for our students and also improve our relationships—and their relationships—with the institutions that we serve,” said Clinton Lewis, development manager at Golden Key.

The Society has an on-campus presence at colleges and universities in seven countries: Australia, Canada, Malaysia, New Zealand, South Africa, the United Arab Emirates and the United States, with more than 370 chapters worldwide. The Society serves students from more than 190 countries; 60 percent represent minority groups.

Rensselaer Poised to Re-engineer the Future of Finance

At a time when global financial systems seem to have gone haywire, the Lally School of Management & Technology at Rensselaer Polytechnic Institute has come down firmly in favor of finance. On April 22, the school formally opened its new International Center for Financial Research, at the same time announcing a new master’s degree track in Financial Engineering and Risk Analytics. The master’s track is a collaboration between Lally’s finance faculty and departments across the university, including computer science, applied mathematics, decision sciences and engineering systems, and economics.

In a statement, the school said that it believes the time is right to rejuvenate interest and encourage investment in initiatives focused on rebuilding the financial industry and restoring confidence in the financial markets. “Our deliberate investment in finance … is a clear indication that we believe this school will contribute to the long-term viability of the emerging new financial order,” said David Gautschi, dean of the Lally School.

Survey Shows Steady but Slowing Influx of International Students

A 2009 survey of international graduate admissions conducted by the Council of Graduate Schools shows that US graduate schools received an increasing number of applications from prospective international students, but that the rate of increase continued to slow. In business, international applications increased 7 percent in 2009, after a 10 percent gain in 2008.

Business School Offers Free Courses for Alumni and “Pocket MBAs”

Hult International Business School is offering its MBA program alumni the opportunity for complimentary ongoing education. The school will give all of its 4,500 MBA degree holders the option of returning regularly to join elective classes for free. Hult graduates can take one MBA elective course per year for the rest of their career.

The school has also introduced a series of “Pocket MBAs”—short, intensive business seminars on current business challenges designed for professionals, executives, and companies. The first Pocket MBA, “Managing During the Global Downturn,” was offered in late April on the school’s Dubai campus. In a statement, Hult President Stephen Hodges said, “We want to give professionals and companies a taste of our top-ranked one-year MBA program in an abbreviated format, while offering them a chance to gain valuable insights they can apply immediately to their own companies.”

Quotable Quotes

“Is it the responsibility of schools to teach ethics? I think it is—but only if it’s done the right way. MBA students don't necessarily care about Kant’s third formulation of the categorical imperative—they need a simple values toolkit that they can understand and have at the ready, not an impression that all ethics are relative, or just intellectual chewing-gum.”

From “Can Ethics Classes Cure Cheating?” by Aine Donovan, executive director of the ethics institute at Dartmouth College and professor of business ethics at the Tuck School of Business. Published April 14, 2009, in HBR Debate: How To Fix Business Schools, an online symposium sponsored by Harvard Business Publishing.

FROM THE FUNDRAISING DESK

With US$2 million from Prudential Financial, Inc. and The Prudential Foundation and other funding, the Rutgers Business School has started an Institute for Ethical Leadership.

The National University of Singapore Business School has received a pledge of US$1.77 million from the estate of Foo Hee Lim. The funds will provide financial assistance for students of accountancy.

Mark A. Zupan, dean of the Simon Graduate School of Business at the University of Rochester and a member of the GMAC board of directors, has pledged US$1 million to the school’s endowment. A statement from the school said it is believed that Zupan’s gift is unmatched by any current or previous business school dean.

NEW PROGRAMS

Starting this September, the Joseph M. Katz Graduate School of Business at the University of Pittsburgh will offer an MBA program for working professionals, the Katz Immersion MBA, at Pitt’s Greensburg, Pennsylvania campus. Students will immerse themselves in coursework three days a month over two years. … The Rotman School of Management at the University of Toronto has established a three-year fellowship program that will enable eight newly graduated MBA students to develop their knowledge of the not-for-profit sector in work with social, environmental, community, and other organizations. … The executive education program at the University of Cambridge Judge Business School has signed an agreement with the Karachi Educational Initiative, a not-for-profit organization that is working to create a business school in Pakistan, the Karachi School for Business and Leadership. Among other activities, the Judge Business School will provide curriculum development and advice on faculty recruiting for the new school. … The Washington State University College of Business is starting an online MBA program. Consisting of 39 semester credit hours, the program is similar to the school’s accelerated one-year MBA. … The School of Business at the University of Kansas has established a student exchange agreement with European Business School in Oestrich-Winkel, Germany. … The University of Miami School of Business Administration has announced plans to expand its executive MBA program to Puerto Rico. … Grenoble Graduate School of Business and the College of Business Administration in Jeddah are partnering to offer GGSB’s Master in International Business and Doctorate in Business Administration on the CBA campus….The School of Business Administration at the University of Vermont has renewed its student/faculty exchange agreement with Universidad Panamericana. … The College of Graduate and Continuing Studies and the Breech School of Business Administration at Drury University will begin offering a one-year Fast Track Master of Business Administration beginning this fall. … Benedictine University has started a Master of Science in Leadership program, “designed by women for women” but open to any student, that is intended to “provide the knowledge base and skills that will contribute to the professional and personal development needs of women in today’s society.”… The Sidhu School of Business and Leadership at Wilkes University and the Punjabi School of Management Studies at Punjabi University are collaborating to offer the One+One MBA: India program, which allows students to complete one year in India and one at Wilkes. Thirty-four first-year Wilkes students who began studying business administration on Punjabi University’s campus in Patiala, India, in fall 2008 will come to the United States this fall to complete their MBA at the Pennsylvania campus.

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