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February 2013

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News Briefs

Five Schools Become Latest GMAC Members

GMAC admitted five business schools as member institutions. The new members are Indian Institute of Management-­Calcutta, European School of Management and Technology (Germany), National Taiwan University College of Management, Renmin University School of Business (China), and XLRI, Xavier School of Management (India). Membership in GMAC now totals 211 institutions.

EFMD and GMAC to Hold Global MBA Directors Conference at IMD

GMAC partnered with EFMD in support of the 2013 EFMD MBA Conference, which will be hosted by IMD March 17-19 in Lausanne, Switzerland. Under the theme Leading the MBA: The Good, the Bad & the Ugly, the conference will explore the role of the program director. The event brings together a global community of directors of full-time, part-time, distance learning, and executive education program to share ideas, network, and gain insights about their work. The conference includes a case study, The MBA Director’s Dilemma, that will address some of the key challenges that program directors face. Registration information.

Consistent Growth in MBA Job Market and Increases in Internship Recruiting

The MBA Career Services Council’s latest Fall 2012 Recruiting Trends Survey shows that a majority of schools reported an increase in on-campus recruiting activity for full-time positions and internships compared with last fall. Although recruiting slowed slightly compared with the same time last year, only 15 percent of schools noted a decline in on-campus recruiting activity. Internship recruiting increased slightly compared with the same time last year, with 50 percent of respondents experiencing an increase in on-campus recruiting, and 53 percent saw an increase in job postings. Meanwhile, data about the benefits of an internship to business school students is available in a recent Internships Infographic.

Chicago Booth Revamps its Executive MBA

The University of Chicago Booth School of Business announced curricular changes in its executive MBA program. The program is adding new courses, expanding international exchanges from four to five weeks, and restructuring electives.

Elective courses that have been shifted from optional classes at the end of the program to its core will enable students to specialize in such areas as capital markets, corporate finance, entrepreneurship, strategy, marketing and leadership and management. Students will be offered a capstone course that will integrate concepts and tools from the curriculum in a complex, multi-round simulation culminating in presentations to a panel of investor-judges.

The length of the program will remain at 16 weeks of instruction spread over 21 months. To make room for added courses, classes in strategic leadership and quantitative marketing have been shortened. Some offerings, such as technology strategy, have been reorganized and will now be offered as electives.

UNC, Tsinghua Partner on Dual Degree

The University of North Carolina and Tsinghua University have launched a dual-degree program in China that blends business and engineering. UNC’s Kenan-Flagler Business School and Tsinghua’s department of industrial engineering partnered to create the program, in global supply chain leadership, to meet the growing need in China for executives with both leadership skills and technical knowledge. Graduates will receive an MBA from UNC and a master of engineering management from Tsinghua. 

Wake Forest Implements Dress Code for Management MA Program

Helping students learn expectations about business culture, Wake Forest University is requiring students in its MA in management program to wear business casual attire for all classes and campus activities between 9 am and 5 pm. The policy expands a dress code that also applies to graduate accounting students, though not to MBA students. Matthew Merrick, senior associate dean of students at the university’s Schools of Business, told Bloomberg Businessweek that the rationale for the policy is to help students, particularly ones who do not have business experience, get in a mindset that prepares them for the business workplace. The school is serious about enforcing the policy: Students who recently showed up for a guest lecture in jeans were turned away.

B Schools Partner with Nightly Business Report

Harvard Business School, Stanford Graduate School of Business, the Wharton School at University of Pennsylvania, and the Owen Graduate School of Management at Vanderbilt University are the higher education partners in a new educational enterprise, NBR-U, from the syndicated PBS program Nightly Business Report. The schools will offer timely research and expert analysis of top business issues. NBR-U video reports will run every Monday. Research articles and pieces on business trends and issues written by the experts at the universities will be available daily on the NBR-U site.

Fisher MBOE Goes Paperless

Practicing what it preaches, the master of business in operational excellence program (MBOE) at Ohio State University’s Fisher College of Business has gone paperless. Course materials that had included nearly a dozen binders and books and hundreds of pages of information are now condensed on iPads that were distributed to all the students in the current cohort.

It is the first Fisher program to provide iPads to students and use iTunes University as the course platform. Program director Peter Ward, the Richard M. Ross Chair in Management at the school, says the paperless approach improves accessibility and networking, even when students are not on the Fisher campus. “As faculty, we are learning to use the capabilities of iTunes U and various apps to make the classroom experience more interactive and also to allow us to visit students at their own workplaces, no matter where they are on the globe,” Ward said.

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