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Biz Buzz: What’s New in Graduate Management Education

GMAC Opens Office in India, Announces New Managing Director

GMAC has announced the opening of an office in Gurgaon, outside New Delhi, India, and the appointment of Ashish Bhardwaj as managing director, Graduate Management Admission Council (India) Private Limited, and regional director, South Asia, GMAC. Bhardwaj will be responsible for GMAC’s operations in South Asia.

“This announcement underscores GMAC’s commitment to candidates as well as business schools in South Asia,” Bhardwaj said. The Gurgaon office is GMAC’s fourth; besides its headquarters in Reston, Virginia, the organization also has regional offices in London and Hong Kong.

IMD, UC Davis Announce Changes in MBA Curriculum

Add the IMD Business School and the Graduate School of Management at the University of California-Davis to the list of business schools that have recently updated their MBA curriculum.

IMD’s revised MBA program incorporates an “action learning cycle approach” that integrates classroom work, case discussions, and real-world projects in corporations. The  program also emphasizes personalized learning and individual coaching, and includes pre-program preparation in accounting, finance, and statistics.

“The new program design will better equip learners to compare and contrast their different experiences, developing the ability to read situations and draw from a repertoire of responses,” said IMD Professor Martha Maznevski, who directs the MBA Program. “It will in essence mean guided on-the-job leadership training.”

This fall, UC Davis will introduce the most fundamental revision of its curriculum to date. While intentionally preserving foundation courses in such areas as accounting, finance, marketing, and strategy, the school plans a focus that also integrates globalization, responsible business ethics, and sustainability.

A new capstone course, Integrated Management Project, Articulation and Critical Thinking (IMPACT), will help students become better writers, speakers, and critical thinkers, then practice those skills in 20-week team projects for client companies. In another new course, Managing for Operational Excellence, students will explore operations in the manufacturing and service sectors. Students will also receive personal coaching to build their leadership skills and chart a career path.

Starting this fall, all entering UC Davis MBA students will complete an online math assessment, designed in part to help students from non-quantitative backgrounds

ESADE Partners on Social Entrepreneurship Project.

ESADE and multinational financial services group BBVA have started the Momentum Project to support promising social entrepreneurs. In a statement, ESADE Director General Eugenia Bieto said, “on campus, we know of many entrepreneurs with an ambition to build socially-responsible companies. Supporting them is one of our main missions as a business school.” Participants in the project, identified as entrepreneurs who can create social and economic value through innovative projects, will receive training and mentoring from both ESADE and BBVA.

GMAC to Fund Innovation Proposals

In January, GMAC’s Management Education for Tomorrow Fund awarded US$262,000 for 20 ideas  to improve management education. Now, the Ideas to Innovation Challenge moves to Phase 2, inviting business schools and other non-profit education providers to  submit proposals by October 5, 2011, to turn one or more of them into reality. Proposals will be judged on overall quality, qualifications of key personnel, technical merit, and budget.

A Model Student

In February, the Harvard Crimson reported that supermodel, television personality, and entrepreneur Tyra Banks was spotted strolling around Harvard Business School. An administrator there confirmed that Banks is enrolled in the school’s Executive Education Owner/President Management Program. Designed to help entrepreneurs improve themselves and their companies, the program is taught in one three-week session a year for three years.

EFMD Calls for Learning and Development Partnership Case Studies

The European Foundation for Management Development is accepting entries for its Excellence in Practice Awards for outstanding learning and development partnerships. Case studies, to be submitted by May 1, must demonstrate operational excellence, excellent program management , and strong business impact.


In British Columbia, Simon Fraser University has received the largest gift in its history, C$22 million, and named its business school the Beedie School of Business in honor of donors Ryan and Keith Beedie.

Northeastern University has received two gifts of US$5 million. Alumnus Alan S. McKim is supporting the McKim Entrepreneurial Ventures Program, designed to prepare students to become entrepreneurs. Alumnus Richard A. D’Amore’s donation will support an Innovation and Entrepreneurship Initiative.

The California Institute of Technology (Caltech) has created the Ronald and Maxine Linde Institute of Economic and Management Sciences. Funded with a US$8.2 million endowment from the institute’s namesakes plus US$4.1 million from a matching program, the initiative is designed to create opportunities in research and education by linking scientific minds with quantitative business practices.

The University of Pennsylvania and the Wharton School have announced a gift of US$6.5 million from Wharton alumnus Barry R. Lipman to establish the Lipman Family Prize, which will support work to create sustainable solutions to significant social and economic challenges.

The Stillman School of Business at Seton Hall University has received a pledge of US$1 million from the Elsie E. and Joseph W. Beck Memorial Fund of the Community Foundation of New Jersey to support a scholarship and research fund.
After receiving what was described as a “significant” donation from the Bolte and Connors families in memory of their father, Mount St. Mary’s University in Emmitsburg, Maryland, has named its business school the Richard J. Bolte, Sr. School of Business. Bolte, founder of a global logistics and transportation company and father of seven sons who attended the university, had served on its board of trustees. 



  • The Institute for Innovation and Social Entrepreneurship at ESSEC Business School and the Center for Social Innovation at Stanford Graduate School of Business are partnering to produce a series of podcasts on social innovation.
  •  The University of Exeter Business School marked the opening of its £18 million building with a celebration of the Chinese New Year, an event that Dean Richard Lamming said “reflects our international outlook and the diversity that we enjoy.”
  • The Florida State University College of Business has unveiled a sales laboratory. The facility includes eight rooms that can access a recording system that allows for simultaneous live viewing and digital recording of sales role-playing.
  • With support from five leading online entrepreneurs, HEC Paris has created a chair in Digital Innovation for Business. The chair opens opportunities for students in the final year of HEC’s Masters, Specialized Masters and MBA programs to receive additional training in e-business.
  • Louisiana Tech University has broken ground for a 42,000 square-foot building for its College of Business.
  • MIT Sloan School of Management has started a blog, MIT Sloan Experts, where faculty and others associated with the school will post comments on contemporary business issues.
  • Rice University’s Jesse H. Jones Graduate School of Business received the 2011 National Model MBA Entrepreneurship Program Award at this year’s national conference of the United States Association for Small Business and Entrepreneurship.


Bangkok University has become a member of Babson College’s Global Consortium for Entrepreneurship Education. As part of that partnership, Babson will help Bangkok University develop its School of Entrepreneurship. … The Cornell-Queen’s Executive Master of Business Administration program, a collaboration between the Johnson School at Cornell University and Queen’s School of Business at Queen’s University in Ontario that awards MBAs from both institutions, has announced plans to extend its reach beyond North America by establishing a site in Colombia. Started in 2004, the program is now available in more than 20 cities in the United States and Canada. … Emory University’s Goizueta Business School has created a research center for marketing analytics. … The Fordham University Graduate School of Business Administration, Antwerp Management School, and Xavier Institute of Management in Bhubaneswar, India, have allied to create a “3Continent Master in Global Management” program. Fordham has also recently announced creation of the Center for Positive Marketing, a research center that will focus on marketing from the consumer’s perspective. …

The George Washington University School of Business has started a World Executive MBA program. The 16-month program, which will focus on such themes as ethical leadership and understanding the global economy, includes opportunities for hands-on residencies in Washington and around the world. … As part of its partnership with the Qatar Foundation, HEC Paris has started Qatar’s first international EMBA for senior executives, to be offered in Doha. … The Indian School of Business has partnered with INSEAD to create a Fellow Programme in Management at ISB. The doctoral-level program is designed to train future business school faculty. … The London School of Economics and Political Science has partnered with the Institute for New Economic Thinking to create “INET@LSE,” a program designed to apply ideas from social science to improve the design and effectiveness of economic policy. …  China’s Ministry of Education has approved a plan by New York University to open a separate, full degree-granting campus in Shanghai, Xinhua News Agency reports. … At North Carolina State University, the Poole College of Management’s Jenkins MBA program now offers a dual Master of Industrial Engineering/Master of Business Administration (MIE/MBA) degree program with the university’s college of engineering….. SDA Bocconi School of Management and the luxury store chain Bulgari are collaborating on a new MBA program with a specialization in luxury business management. … The Graduate School of Management, St. Petersburg University (GSOM SPbSU) and the Citi Foundation have partnered to create a program, Project Management for Small and Growing Business, with a focus on sustainable development of fast-growing small companies. …

A new collaboration between the Cambridge Judge Business School at the University of Cambridge and UAE University includes research, fellowships and visiting professors. The business school has also partnered with its university’s engineering department to create a program leading to the MPhil degree in nuclear energy. … The College of Business at the University of Cincinnati is one of several colleges at the university that are collaborating on a new Master of Health Administration program…..The University of Wisconsin School of Business now offers a Capstone Certificate in Actuarial Science, a nine-month program that prepares students for a career as an actuary….. At the University of Virginia, the Darden School of Business has announced two  executive education programs, Leading Teams for Growth and Change-San Diego and True Leadership: Leading With Meaning, in Charlottesville. … The School of Management at the University of Texas at Dallas is launching a Master of Science in Marketing program. … The Institute of Chartered Accountants of Ontario has renewed its commitment to support the University of Toronto’s Rotman School of Management CA/Rotman Centre for Innovation in Accounting Education. …

Antioch University New England now offers an online option for its MBA in Sustainability. … Atax, the Australian School of Taxation, has become part of the Australian School of Business. … Bangor Business School at Bangor University in Wales is establishing a presence in London, where it plans to offer specialist MBA degrees in Banking and Finance and Islamic Banking and Finance, along with a program that offers both an MBA degree and status as a Scottish Institute of Bankers Chartered Banker. … In Nashville, Belmont University’s Massey Graduate School of Business has added MBA focus options in healthcare quality and human relations. … Chatham University’s MBA program has developed an 18-credit Certificate in Executive Women’s Leadership…..The College of Saint Rose in Albany, New York has announced plans for a building for its School of Business…..The University of Idaho’s College of Business and Economics is designing a joint graduate-level certificate program with the Aarhus School of Business at Aarhus University in Denmark. … The University of Stellenbosch Business School has started a Centre for Business in Society, which will focus on sustainable development.


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