Graduate Management News

January 2015

The Newsletter of the Graduate Management Admission Council

Global Program News

  • Stanford course on female entrepreneurship among program’s most popular. About 10 years ago, the Stanford Graduate School of Business created a two-week seminar on female entrepreneurship with the simple goal of sharing a broad spectrum of entrepreneurship examples. Today, the course, titled “Entrepreneurship from the Perspective of Women” and taught by Fern Mandelbaum, managing partner at Vista Venture Partners, has become so popular that it has a waiting list. The course includes guest lectures by CEOs and investors, most of them women. A testament to the growing number of women in start-ups. “Something that we talk a lot about [in the class] is, ‘how do you use your differences as strengths?’” said Mandelbaum. “And [these feelings] could come from being an Asian or African-American person or an introverted male. It’s not just women, but the fact of the matter is, 50 percent of the population is women, and many of them view their differences as weaknesses.” In the class, guests share the good and the bad in an effort to make the experience as authentic as possible.

  • Arizona State University takes control of the Thunderbird School of Global Management. Arizona State University has inked a deal that ensures the financial future of Thunderbird, but ends nearly seven decades of independence. The final agreement between the two schools provides a platform to showcase ASU's strengths around the world and offer Thunderbird students a broader range of courses and provide other advantages of being part of a major research university. Allen Morrison has been named chief executive officer and director general of the new Thunderbird. Morrison is a global-management scholar who joined ASU in 2014 and who previously held a chair at the International Institute for Management Development. The majority of Thunderbird's faculty and staff will be coming over to ASU, and ASU will eliminate $22 million of the school's debt, which is less than the value of Thunderbird's campus. Thunderbird brings $20 million in cash to cover losses until operations stabilize, which is expected to occur within about 18 months.  

  • $50 million gift to the University of Michigan to benefit the Ross School of Business. A gift from Ambassador Ronald N. Weiser (BBA '66) and Eileen L. Weiser (MMus '75) reflects the couple’s involvement with the International Institute in the College of Literature, Science, and the Arts; the School of Education; the Athletic Department; the U-M Health System; the University Musical Society; and the Stephen M. Ross School of Business. At the Stephen M. Ross School of Business, the gift will establish an endowed fund to support the Weiser Family Entrepreneurship Awards and support the highly successful Multidisciplinary Action Projects (MAP) – learning experiences that connect MBA students with corporations and organizations around the world to develop solutions to business challenges. It will also contribute toward Ross School's new and remodeled buildings, now under construction.

  • Ross School of Business receives donation to expand leadership development programs. Stephen Sanger, the retired chairman and CEO of food giant General Mills, and his wife Karen are making a $20-million gift to the University of Michigan, which will go toward the creation of the Sanger Leadership Center, to be headed by Ross associate dean Scott DeRue. The Center aims to develop leaders who not only succeed at business but also make a positive impact on the world and their communities. Sanger received his MBA from the University of Michigan in 1970.

  • The University of Pittsburgh receives $5 million gift to endow b-school chair. The gift from the Henry E. Haller Jr. Foundation will be used to endow a chair for the dean of the Joseph M. Katz Graduate School of Business. Outgoing Katz Dean John Delaney has been named the inaugural Henry E. Haller Jr. Dean. Henry Haller, who died in 2012, earned his undergraduate degree at Pitt in 1936 and used his undergraduate business degree to launch a successful career in industrial pipe manufacturing.

  • MBA Career Services and Employer Alliance hosting Asian Conference. The largest gathering of MBA career services professionals and employers across Asia will take place in Hong Kong on March 18-20, 2015. With the theme “Enriching the Leadership Pipeline, Pathways for attracting, developing, motivating and retaining MBA talent,” the MBA CSEA conference will provide an opportunity for networking, learning and sharing for schools and employers alike. Session topics include: Leadership in the e-Generation, Asia/APAC Economic & Business Outlook, Perspectives on Recruiting in Asia, and Innovating & Building Best-in-Class Leadership Development Programs.