Thunderbird seems set to merge with Arizona State University (ASU)
As a report recently covered on TopMBA.com revealed, a deal between Thunderbird School of Global Management and Arizona State University (ASU) is looking increasingly likely.
The deal could take the form of a merger, which would see the school being named the Thunderbird School of Global Management at Arizona State University, according to a joint announcement released yesterday.
Under the terms of a ‘letter of intent’ that the two institutions hope to finalize by the end of July, Thunderbird would fall under the governance of ASU’s board of regents as an institution within the university. However, the stated plan is for Thunderbird to be self-sustaining, which could potentially lead to job losses as a result.
On the plus side, all students currently enrolled in programs at Thunderbird, or starting in fall 2014, will be able to, “complete the Thunderbird degrees in which they initially enrolled.”
It is then hoped that programs offered by the new Thunderbird School of Global Management at Arizona State University will kick off in the fall of 2015, allowing for accreditation changes to be made as a result of the merger – once confirmed. This would allow the school of management’s programs to complement existing courses at ASU’s existing W. P. Carey School of Business.
“Both institutions share compatible missions and a strong commitment to global impact, which can energize us both,” said Thunderbird’s president, Larry Penley.
Indeed, one advantage cited is that ASU will be able to make use of Thunderbird’s global reach to offer new and existing programs internationally. At the same time, in the words of ASU’s president Michael M. Crow: “Through the integration of Thunderbird with ASU, the Thunderbird historic global education vision will be sustained and extended.”
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