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Haas Prof Wins Nobel
Oliver E. Williamson, who holds joint appointments at the University of California Berkeley’s Haas School of Business, Department of Economics, and the UC Berkeley School of Law, has won the 2009 Nobel Prize in Economic Sciences. Williamson, the Edgar F. Kaiser Professor Emeritus of Business, Economics, and Law at the University of California, Berkeley, shared the prize with Elinor Ostrom, a professor of political science and public and environmental affairs at Indiana University, the first woman to win a Nobel in economics. Both were recognized for their analyses of economic governance.

Williamson, who earned his undergraduate degree at MIT, went on to earn an MBA at Stanford Graduate School of Business and a PhD at Carnegie Mellon University’s Graduate School of Industrial Administration, now the Tepper School of Business.

Business Schools Take Keys to New Homes
Several business schools dedicated or started construction of new buildings this fall.

In separate ceremonies on October 9, the University of California, Davis formally opened Maurice J. Gallagher, Jr. Hall, the US$16.2 million, 40,000-square-foot home of the school’s Graduate School of Management, and the University of South Dakota cut the ribbon for its US$19.5 million, 69,000-square-foot building for the Beacom School of Business. The following day, officials at Texas Tech broke ground for a US$70 million, 147,500-square-foot building that will house its Jerry S. Rawls College of Business.

The College of William & Mary dedicated the US$75 million, 166,000-square-foot Alan B. Miller Hall, now home to the school’s Mason School of Business, on October 2. On September 24, dignitaries at Youngstown State University signed a white beam that was then lifted and put into place as part of a “topping off” ceremony for the 110,000-square-foot, US$34.3 million building that will house the Williamson College of Business Administration. On September 29, Salisbury University in Maryland broke ground for a 112,800-square-foot, US$56 million building for its Franklin P. Perdue School of Business.

On October 13, the American University of Beirut’s Suliman S. Olayan School of Business officially opened its new headquarters, a four-story, L-shaped building that overlooks the Mediterranean Sea. And MBA and PhD candidates were among first students at Rutgers Business School to take classes in the school’s new US$83 million building in Newark, which opened this fall.

Despite extensive financial cutbacks across the Yale University campus—the effect of the financial downtown and erosion of Yale’s endowment—plans are still proceeding for a new campus for the Yale School of Management. In July, architects Foster + Partners received the go-ahead to prepare final construction plans and drawings.

Perhaps the most unique new business school is the campus British architect David Adjaye designed for Moscow School of Management SKOLKOVO. Said to be created in the spirit of the Russian artist Kazimir Malevich, the building jumbles geometrically shaped wings and ells in a futuristic amalgam that may be graduate management education’s most distinctive architectural statement.

EMBA Applications on the Upswing
According to new data from the Executive MBA Council, applications to Executive MBA Programs worldwide increased within the last year.

The Council’s 2009 Membership Program Survey found that the number of applications to Executive MBA programs rose on average from 83.8 students in 2008 to 92.6 in 2009, while the acceptance rate remained the same, 63 percent. Program size grew from an average of 92 students in 2008 to 96 students in 2009.

Some 309 EMBA programs participated in the survey. Data were gathered in summer 2009.


  • EMLYON Business School and Centrale Lyon, a French engineering school, have created a partnership, dubbed the Yin Yang Project, designed to create innovations that bridge business and engineering. Among the ambitious project’s goals are the creation of a new School for Innovation, Design, and Entrepreneurship.
  • Melbourne Business School and the University of Melbourne's Faculty of Economics and Commerce have announced that they will not merge, as had been previously planned.
  • The Desautels Faculty of Management at McGill University has announced an overhaul of the tuition structure for its MBA program. Moving to a self-funded model, McGill will now charge full-time MBA students C$29,500 a year in tuition. That’s below the average for top-rated MBA programs in other Canadian provinces, but well above existing tuition rates, which had been set at C$1,673 for students from Quebec, C$4,676 for students from the rest of Canada, and C$19,890 for international students.


Indiana State University has received what it termed a “significant” contribution that will help renovate a building in downtown Terra Haute to serve as the new home of the ISU College of Business. The school has proposed that the business school be named the Donald W. Scott College of Business to recognize the donor, who made the gift with his wife, Susan. ISU also announced a gift worth more than US$1.3 million from Randall and Nancy Minas that will support a center for investment and financial education and a financial trading room in the business school.

A portion of a US$10 million gift to Boston University from the Feld Foundation will endow the new Feld Family Professorship of Marketing in the School of Management.

The Richard Ivey School of Business at the University of Western Ontario is one of the beneficiaries of a C$2 million donation from the RBC Foundation in support of a new Community Service Learning Program.

Marist College has been bequeathed a 60-acre estate, valued at US$75 million, by businessmen Raymond A. Rich, along with some US$10 million for an endowment to support a new center for leadership development that will be housed at the estate.

The University of North Dakota College of Business and Public Administration has received a US$10 million anonymous gift.

Charles L. VanArsdale, former president of the Bank of Castile, has pledged US$2.5 million to the State University of New York at Geneseo to endow a chair in entrepreneurship and small business, the first school’s endowed professorship. The gift is the largest ever made to Geneseo.

Real estate developer and entrepreneur H. David Swain and his wife, Diane, have given US$1 million to the University of North Carolina-Wilmington to support economic research and business development services at the Cameron School of Business.


INSEAD is now offering a section of its Global Executive MBA (GEMBA) program at its Abu Dhabi campus. Students based in the Middle East will take core courses on the Abu Dhabi campus in the first half of the program, then integrate into a global cohort for several joint modules with GEMBA participants in Europe and Asia. They will also work with students at INSEAD’s dual-degree EMBA program in partnership with Tsinghua University in Beijing. … The Richard Ivey School of Business at the University of Western Ontario has started a Master of Science in Management degree, focused on international business. … Harvard Business School has created an executive education program focused on geopolitical transitions and market influences in the energy industry. … The University of Arizona’s Eller College of Management has announced plans to offer a 12-month MBA for alumni of undergraduate business programs, starting next year. … The University of Texas at Dallas School of Management is offering an Organizational Behavior and Coaching concentration for executive education students who are pursuing a master’s degree in management and administrative sciences. … The Rutgers Institute for Management and Executive Development at the Rutgers University School of Business-Camden has partnered with the Options Industry Council to offer a continuing education option for financial advisers, the Portfolio Management Using Equity Options Certificate Program. … Starting in March, the University of Denver will offer an MBA in school leadership. Targeted to increase the number of qualified charter-school leaders, the program is a joint effort of the university’s Daniels College of Business and its Morgridge College of Education, in partnership with Get Smart Schools, a Denver-based non-profit that works to increase the number of high-quality schools serving low-income students. … HEC Paris and Queen’s School of Business in Kingston, Ontario, have announced a double degree program with a focus on international business. In addition to the Queen’s Master of Management degree, graduates will also receive an MSc in International Business from HEC.

A center dedicated to improving the financial literacy of the American public has been launched by the RAND Corporation, Dartmouth College, and the Wharton School of the University of Pennsylvania. The Financial Literacy Center will receive more than $3 million during its first year from the US Social Security Administration to develop educational materials and programs to encourage saving and retirement strategies over the life cycle. … The Haas School of Business at the University of California, Berkeley, is launching an Energy Institute that will address both the rising need for energy research and the growing student interest in the markets, policy, and technology for sustainable energy. The center represents a merger of two highly successful programs, the UC Energy Institute’s Center for the Study of Energy Markets and the Haas School's Center for Energy and Environmental Innovation. … The University of Miami School of Business Administration has entered into agreements with seven business schools and universities across Latin America, Asia, and Europe to explore undergraduate and graduate student exchanges, faculty exchanges, joint executive education offerings, and other initiatives. Under the agreements, the university will collaborate with the University of São Paulo in Brazil; the Pontifica Universidad Católica Business School in Peru (CENTRUM); the University of San Andrés School of Business in Argentina; the Fudan University School of Management in China; the Autonomous University of Madrid (UAM); the Instituto de Empresa (IE) Business School; and Pompeu Fabra University in Spain. … The University at Buffalo School of Management’s Center for Entrepreneurial Leadership and UB’s New York State Center of Excellence in Bioinformatics and Life Sciences have created a workforce development program, the High-Tech Center for Entrepreneurial Leadership.

Moscow School of Management SKOLKOVO and the Guanghua School of Management, Peking University have signed a memorandum of understanding to collaborate on research and educational programs. … The School of Business and the College of Nanoscale Science and Engineering at the University at Albany have expanded their pioneering Nano+MBA program, adding an elective track in nanotechnology to UAlbany’s Evening MBA program. … The Alabama Commission on Higher Education has authorized Troy University to begin offering a professional taxation masters program, starting this spring.

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