Graduate Management News

May 2013

The Newsletter of the Graduate Management Admission Council

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News Briefs

  • Stanford Revamps MSM Program: Stanford Graduate School of Business has renamed its legacy Sloan Master’s Program as the Stanford Master of Science in Management for Experienced Leaders, or Stanford MSx, reflecting strategic changes in the program over the last two years. The one-year, full-time program targets mid-career professionals with at least eight years of work experience. Among other changes, the program now focuses more directly on teaching leadership skills and innovation. A new curricular design offers differentiated core course offerings and greater flexibility for taking a broader range of electives. Some electives, including “Generative Leadership” and “Executive Communication Strategies,” aim to serve the needs of more experienced students in the program. The program has been extended from 10 months to 12 months and will increase its enrollment.

  • Purdue Streamlines Weekend MBA: Purdue University's Krannert School of Management has revamped its Weekend MBA program. In addition to reducing the length of the program from 35 to 21 months, Purdue added elective courses and enhanced leadership and career training. The program enhancements also expand students’ opportunities for experiential learning and professional networking and add an international business trip.

  • INCAE Retools Executive Education: INCAE Business School has restructured its executive education department, launching more than 20 new programs focused on the needs of Latin America's managers and companies. Course topics include strategy and innovation, personal and company branding, developing new business models, female leadership, high-performing teams, neuroscience and leadership, and change management. In addition, INCAE launched a portfolio of VIP programs, on such topics as corporate governance for boards of directors, presidential leadership, bridging China and Latin America, and women on boards, which will be offered in Miami or Panama. Among other changes, INCAE is incorporating evaluations to assess student skills, simulations, practical projects, and personalized mentoring through executive coaching.

  • B School Building Boomlet: Construction cranes are a familiar motif at business schools these days. As construction continues on a new building for the School of Management at Yale University, for example, Columbia Business School is planning two new buildings. Regents at Oklahoma State University recently approved a new home for the Spears School of Business. This September, the Ivey Business School at Western University will open a C$110 million, 270,000 sq.ft. facility. Farrell Hall, the 120,000 sq. ft. new home for the Schools of Business at Wake Forest University, is due for completion this summer. New b-school buildings are also going up at Cardiff Business School, Lynn University, Montana State University, Sacred Heart University, and the University of Texas at Dallas. New business school facilities are in the planning stage at Samford University's Brock School of Business and Loyola University Chicago. And Portland State University recently announced that it will soon double the size of its School of Business Administration. A liberal arts institution in Illinois, Monmouth College, is finalizing construction on its 138,000-square-foot Center for Science and Business. The college hopes that deliberately bringing what have traditionally been independent departments under one roof will help students better understand the principles of both business and science and thus “be better prepared for the increasingly demanding challenges of a global economy.”

  • African Outreach: Several business schools have recently extended their outreach to Africa. The Foundation for African Leadership in Business (ALB Foundation) has partnered with Thunderbird School of Global Management and Vanderbilt University’s Owen Graduate School of Management to provide full-tuition scholarships towards an MBA for selected candidates in Africa. And at Stanford University, the Stanford Graduate School of Business has launched the Stanford Africa MBA Fellowship Program, open to citizens of African countries and worth some US$140,000 toward Stanford’s two-year MBA program. “We believe Stanford GSB can contribute to Africa's human and economic development by educating leaders committed to making an impact on the continent,” Stanford said in a blog. “We also are keenly aware that Stanford GSB's international reputation as a leader in management education is built on the quality and diversity of our students.”

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