Graduate Management News

October 2015

The Newsletter of the Graduate Management Admission Council

Global Program News

  • University of Vermont receives $20 million, renames business school. The money, given by Steven Grossman, a 1961 graduate of the University, is the largest monetary gift in the University’s 224-year history. The University of Vermont has named its business school for Grossman, called The Grossman School of Business. The donation is from the Grossman Family Foundation, and will pay for three endowed academic positions, including chairs in entrepreneurship, finance, and sustainable business. The money will also help pay for teaching and business school programs. Grossman was CEO of Southern Container Corp., a business started by his grandfather more than a century ago, until 2008, when the company was sold. He is trustee of his family's foundation and a member of the UVM Foundation board of directors.

  • Queen's University b-school receives $37.6 million, renames school. The University, based in Kingston, Ontario, received the donation from Toronto financial-services entrepreneur Stephen Smith. The business school will be renamed for Mr. Smith, a 1972 Queen's graduate who is co-founder and chairman of First National Financial Corporation, Canada's largest nonbank mortgage lender. The funds will go into the school's endowment, roughly doubling its size, and support faculty positions and scholarships.

  • Harvard Business School launches podcast. The new podcast series, titled “Cold Call,” which gets its name from the tradition of professors randomly selecting students to detail course material, launched last week with host Brian Kenny, the Business School’s chief marketing and communications officer. The bi-weekly podcast “takes the School’s legendary case method and distills it into podcast form,” according to a press release. Kenny will interview authors on the development and key messages of their case studies. The first podcast featured a condensed version of a case study on British fashion designer Stella McCartney, who has released an organic skincare products and lingerie line.

  • Haskayne launches new January cohort of Executive MBA. Due to an unprecedented level of demand, the Haskayne School of Business is now taking applications for a January 2016 cohort of the Alberta Haskayne Executive MBA program. It is the first time in the program’s 20-year history that a second cohort will be available in the same academic year. The Alberta Haskayne Executive MBA features executive speaker series, executive coaching, and an international study tour. The program is jointly offered by the University of Alberta and University of Calgary. The program is designed for experienced professionals to develop their leadership skills and has a strong focus on innovation, critical thinking, and the entrepreneurial perspective. A new finance concentration is now available within the EMBA program in addition to general management.