Graduate Management News

January 2013

The Newsletter of the Graduate Management Admission Council

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News Briefs

American University in Cairo Joins GMAC

The School of Business at American University in Cairo has been admitted to membership in GMAC. “As our first member school in Egypt and our third member school on the African continent, AUC helps us further our efforts to promote the development of quality management education globally,” says Julia Tyler, GMAC’s vice president for Global Market Development.  “As our 206th member globally, AUC also becomes an important contributor to GMAC’s vision of connecting talented candidates—wherever in the world they might be—with the opportunity to gain the education and experience they need to go on to careers that matter and to the careers they deserve.”

AUC was founded in 1919 by Americans devoted to education and community service in the Middle East.

B- Schools Help Felons Become Entrepreneurs

A course on entrepreneurship taught by Greg Fairchild, a professor at the Darden School of Business at the University of Virginia, may be the springboard to a new life for a group of prisoners as they near release from incarceration. Thirteen felons at the Dillwyn Correctional Center in Buckingham County, Virginia, graduated in August from Fairchild’s course. The 13 inmates used the course to develop detailed plans to open businesses after they are freed from prison. Studying for two hours, three times a week for 11 weeks, the students learned about business concept development, networking, finances, marketing, and operational effectiveness. Volunteer MBA students help advise the prisoners.

More than 70 men in prison earned certificates of entrepreneurship from Baylor University's Hankamer School of Business in December. The Prison Entrepreneurship Program (PEP) offers prison outreach from a business perspective. Students volunteer their business knowledge to teach inmates the skills they need to run a business once their prison terms end. The employment rate among PEP graduates exceeds 93 percent and the recidivism rate is less than 5 percent.

ISB, Sloan Extend Their Collaboration

The Indian School of Business (ISB) officially opened its second campus in Mohali last month. The facility houses four institutes for promoting research and offers specializations in infrastructure, manufacturing, health care, and public policy. As part of ISB’s partnership with the MIT Sloan School of Management, MIT Sloan is playing a pivotal role in the design and development of two of the institutes, the Munjal Global Manufacturing Institute and the Punj Lloyd Institute of Physical Infrastructure Management.

David Schmittlein, John C Head III Dean at MIT Sloan, said the launch of the new campus and the two institutes marks the beginning of a new chapter in the schools’ alliance. “The close relationship between ISB and MIT Sloan gives both schools an opportunity to leverage the others’ knowledge, creativity, and discipline to solve some of the great challenges of the 21st century,” he said.

CEIBS Partners with Christie’s on Art Program

The China Europe International Business School (CEIBS) has partnered with the education arm of Christie’s auction house to create a program designed to educate specialists on art collection and investment in the global market. The program, set to launch in May, is the business school’s first foray into art-related education and is Christie’s Education’s first course in mainland China.

Designed for individuals interested in art collecting and investing, the program will incorporate the history of art as well as key aspects of the art market, including law, insurance, and estate planning. The course will be taught in Beijing, Taipei, Hong Kong, and London, taking advantage of the cultural and art resources in those cities.


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