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Biz Buzz: What’s New in Graduate Management Education

GMAC Welcomes Five New Member Schools
The Graduate Management Admission Council recently announced the addition of five new member schools:

  • EDHEC Business School, Lille, France
  • Indian Institute of Management, Lucknow
  • University of California, San Diego, Rady School of Management
  • University of Hong Kong Faculty of Business and Economics
  • University of San Diego School of Business Administration

The new schools represent four countries and bring the total number of GMAC member schools to 205 worldwide.

“We are pleased to welcome these five schools,” said David A. Wilson, GMAC president and CEO.  “The fact that more than half of this group is from outside the U.S. continues to demonstrate the growth of quality management education around the world.”

Business Schools Form Global Network
A group of 21 international business schools has formed the Global Network for Advanced Management. The network’s mission is to “connect faculty, students, and deans with their peers in order to address the complex leadership issues in business and society worldwide.”

“The main objective of the Global Network is to respond to the obvious economic trends in what many characterize as a flattening world” and to create “a more innovative way of educating the future leaders of the global economy,” said Edward A. Snyder, dean of the Yale School of Management.

Schools in the network will exchange ideas, share and develop course materials, engage students in global team projects, and collaborate on data collection and faculty research. As one example, the Yale School of Management will leverage the network through the Master of Advanced Management, a new degree program that will admit 12–15 exceptional graduates of network schools for a one-year program of study at Yale.
For more information and a list of members, visit the network’s website.

Two Business Schools Pioneer Programs
Two business schools have announced what they describe as pioneering programs in graduate management education.

New York University Stern School of Business is creating a master of science in business analytics program that will be offered in Shanghai as well as at the school’s home campus, starting next May. The school says the program is “the first accredited graduate level program in business analytics to be offered by a leading business school,” as well as being the first degree program to be offered at NYU’s campus in downtown Shanghai.

Meanwhile, the Michael Smurfit Graduate Business School at University College Dublin has announced plans to offer what it believes is the first master of science in energy environmental finance program.

Krannert Partners with EMYLON and Zhejiang
Purdue University’s Krannert School of Management is partnering with EMLYON Business School and Zhejiang University to offer a 12-month master’s degree program designed to provide entrepreneurial leaders and managers with tools to operate in increasingly global markets. Students start their studies focused on starting a business from scratch and European business practices at the French business school, move to China to study family businesses, then complete their program in Indiana in a module that focuses on principles of high-growth companies.

India, Pakistan Find Common Ground in Executive Education
The Indian School of Business has signed a memorandum of understanding with the Institute of Business Administration in Karachi to provide executive education in Pakistan. A statement announcing the MOU said that “the collaboration brings together the Center for Executive Education at ISB, one of the largest executive education providers in Asia, and IBA, the oldest business school outside North America.” Short-duration programs as well as customized programs are planned, covering such topics as family business, entrepreneurship, business leadership, and strategy. ISB will focus on the design and delivery of the programs, which will be conducted by ISB faculty, while IBA will be responsible for their marketing and promotion. The programs are slated to begin next month.

Broad Launches Certificate Programs
Through a relationship with University Alliance, a division of Bisk Education, Inc., Michigan State University’s Broad College of Business is rolling out its first online master certificate programs. The program in strategic organizational management includes eight-week courses in competitive strategy, decision making, and corporate management. Optional elective courses include negotiation and human resource management. The certificate program in supply chain management includes two eight-week courses that cover leading-edge thinking in integrated supply chain management. In addition, program participants choose from a number of eight-week courses in such subjects as strategic sourcing, distribution fulfillment, and manufacturing planning and control. The university plans an extensive program of online master certificates in business.

From the fund-raising desk
Leon Cooperman has pledged US$25 million to support construction of a building for the Columbia Business School at Columbia University.

William J. Schoen and his wife, Sharon, have donated US$10 million to the University of Southern California. The funds will increase the Schoen Family Scholarship Program for Veterans Endowment, established in 1986, and create additional support for veterans studying in the USC Marshall School of Business as well as the university’s school of engineering.

The Real Estate Finance Initiative at Georgetown University’s McDonough School of Business, part of the school’s Center for Financial Markets and Policy, has received US$5 million from Robert and Lauren Steers.

Nanyang Technological University has received S$2 million from Choo Chong Ngen for scholarships.

Peter Bren has pledged US$1.25 million to the UCLA Ziman Center for Real Estate, a joint center of the UCLA Anderson School of Management and the UCLA School of Law. The gift will be used to establish the Peter Bren Initiative for Real Estate Entrepreneurial Studies at UCLA, which will create an advanced case studies course focused on entrepreneurial real estate as a capstone to the MBA real estate concentration. 

The University of Colorado Denver has opened the J.P. Morgan Center for Commodities, focused on commodity finance, economics, and policy, with support from a US$5.5 million gift from the firm. The center is also supported by a recent US$2.5 million gift from CoBank.

A team headed by researchers at the University of Exeter Business School has been awarded £1.5 million by the Research Council UK for research on the digital economy.

Scotiabank has given C$1 million to sponsor a conference room at the Desautels Faculty of Management at McGill University and to establish fellowships for outstanding MBA students.

New Programs
The WP Carey School of Business at Arizona State University is starting a hybrid MBA that offers students the option to complete 40 percent of their core coursework online. … An executive education program being offered by Babson College later this month, “Family Entrepreneurship: Growing the Family Business Across Generations,” is designed to help members of family businesses develop their entrepreneurial leadership potential. … Executive Education at Cambridge Judge Business School has scheduled offerings of its finance and accounting for non-financial managers program for this month and December. … Copenhagen Business School has created a department focused on international business communication. …  The Center for Sustainable Global Enterprise at Cornell University’s Johnson School of Business has created a product concept designed to help prevent the spread of malaria in Ghana by engaging homemakers in low-income rural areas with new products and practices for cleaning. … The Center for the Advancement of Social Entrepreneurship at Duke University’s Fuqua School of Business has joined with InSight at Pacific Community Ventures and ImpactAssets to launched a project to build data-driven and practitioner-guided knowledge for the rapidly growing field of impact investing. … Georgetown University’s McDonough School of Business has created the Georgetown Institute for the Study of Markets and Ethics. …  Great Lakes Institute of Management, Chennai has received government approval to create a university in Odisha. …IE Business School and LID Editorial Empresarial have signed a strategic agreement to publish management books by experts from the school. … The Center for Public Policy at the Indian Institute of Management-Bangalore has collaborated with the New Delhi-based Center for Social Research, an NGO, to create India’s first certificate course in political leadership for women, the India-Women in Leadership (i-WIL) program. … The Kelley School of Business at Indiana University will name its undergraduate building, destined for a US$60 million renovation and expansion, after donor James R. Hodge. … Nanyang Technological University is launching an advanced executive management training program for senior Chinese officials. Separately, NTU has agreed to collaborate with four partners from Austria—the University of Vienna, the Austrian Institute of Technology, the Medical University of Vienna, and crystalsol GmbH, an Austrian company that specializes in renewable energy—to bolster research in sustainability. … The National University of Singapore Business School and Morgan Stanley have agreed to a three-year strategic partnership to provide students access to Morgan Stanley’s industry expertise. … New York University Stern School of Business has launched a center for real estate finance research. … The Graziadio School of Business and Management at Pepperdine University is partnering with Follett Higher Education Group and Copia Interactive to deliver digitally, via school-purchased iPads, all required books and case studies for new students enrolled in its executive MBA program and presidents and key executive MBA programs. … The Rutgers Center for Management Development, which draws faculty members from the Rutgers Business School-Newark and New Brunswick, started a nine-week, one-evening-per-week Mini-MBA entrepreneurship course at the beginning of May. All modules and applications for the course are pre-loaded on an iPad that is included in the course fee. … Singapore Management University is partnering with Singapore’s Building and Construction Authority and Workforce Development Agency to offer a productivity and leadership development program for leaders in the construction industry. … The Graduate School of Management at St. Petersburg University has started the first module of a training program, “Contemporary Operational Management: Business Processes Engineering and Change Management,” for the Russian power company JSC Lenenergo. … The Freeman School at Tulane University has signed an agreement with China’s Zhejiang University to begin admitting students from the Chinese university’s school of management to the Freeman School’s master of accounting and master of finance programs. … The University of Florida has announced plans for a 50,000-plus-square-foot building, to be named for alumnus James W. Heavener. It is expected to house its undergraduate school of business. … The Terry College of Business at the University of Georgia will commemorate its 100th year in business education this summer. … Classes kicked off April 12 in Beijing for the University of Maryland Robert H. Smith School of Business’ cohort of executive MBA students in China. The Smith School partners with China’s University of International Business and Economics to offer the joint 18-month degree program, which began in 2003 and relaunched this year after a four-year hiatus. … The University of San Francisco’s master of public administration program is now being offered online as well as on campus. … The University of Stellenbosch Business School has signed a memorandum of cooperation with Lagos Business School in Nigeria that will lead to joint research and exchange programs. Separately, USB’s Executive Development office partnered with the Institute of Development Management to launch what was described as the first management development program in the Kingdom of Swaziland. … College graduates with non-business backgrounds can now earn a master of science in finance degree from the McCombs School of Business at the University of Texas at Austin. The 10-month program launches in July. … Starting in late April, the University of Virginia Darden School of Business welcomed 20 executives from the Middle East to its Charlottesville campus for a 24-day leadership development program, part of a partnership with the Institute of Banking in Saudi Arabia and the Bahrain Institute of Banking and Finance. … Warwick Business School and the Indian Institute of Management, Ahmedabad have established a cooperative agreement that enables graduate students in the postgraduate program for executives at IIMA and the Warwick MBA program to study at each other’s institutions. …

In Illinois, Benedictine University will begin offering MBA courses at the Aurora/Naperville campus of Rasmussen College. … Brenau University has announced that starting this fall it will offer its MBA program on the campus of the Philadelphia College of Osteopathic Medicine in Suwanee, Ga. … Carnegie Mellon University’s department of electrical and computer engineering and the University of Porto’s Business School in Portugal (EGP-UPBS) will offer a dual-degree graduate program in engineering and business, starting this fall. The two-year program will give participants the opportunity of studying one year in Portugal at the University of Porto and another year in the US at Carnegie Mellon. Graduates will receive a master’s degree in electrical and computer engineering from Carnegie Mellon and an MBA (“The Magellan MBA”) from EGP-UPBS. … The Catholic University of America has created a master of science in business analysis program, designed for undergraduates with degrees in the liberal arts. … The Drexel University Center for Graduate Studies in Sacramento plans to start an MBA in healthcare administration program this fall. … BSE Institute Ltd., a subsidiary of the BSE Ltd. in Mumbai, and the Frankfurt School of Finance & Management have agreed to conduct joint training programs in financial markets in both Germany and India. … Grenoble Graduate School of Business is partnering with Beihang University to deliver its master in international business program in Beijing, starting in September. … Montana State University has announced plans to construct a US$18-million College of Business building. … North Central College has started a master of international business administration program. … The Wesley J. Howe School of Technology Management at the Stevens Institute of Technology is starting a master of science in business intelligence and analytics program. … The inaugural cohort of the global energy executive MBA program at the University of Calgary’s Haskayne School of Business has started classes. … The Milgard School of Business at the University of Washington-Tacoma has announced plans to start a master of accounting program this fall. … The University of Wyoming College of Business is partnering with the university’s schools of energy resources and law to create MBA program tracks in energy concentration and energy management. … Webster University has dedicated a US$29 million, 94,323-square-foot building that houses its George Herbert Walker School of Business & Technology and other programs.

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