The Business School Broadcast - 24th November 2017

In this week’s Business School broadcast we take a look ahead to the launch of the QS Global MBA Rankings 2018 and the QS Business Masters Rankings 2018; find out how a new building is expected to take Sprott School of Business to the next level; and why the Executive MBA Council and LinkedIn have teamed up.

Fortuna Ranking of MBA Rankings 2017 – US Business Schools

Ahead of the launch of the QS Global MBA Rankings 2018 and QS Business Masters Rankings 2018 next week, it is worth a look at what has come before them this year. Fortuna Admissions has compiled the results of the other big five MBA rankings of the last 12 months to produce the Fortuna Ranking of MBA Rankings 2017.

The big news is that Wharton has displaced Harvard at #1, based on its top ranking in Forbes and US News, and #2 in the FT and BusinessWeek.

You’ll have to wait just a little longer to see if we agree with this ranking of rankings.

Nicol Building to take Ottawa’s Sprott School of Business to ‘that next level’

State-of-the-art new home will help Carleton’s business school attract top students and faculty, raise profile in community, proponents say.

Designed by Toronto’s Hariri Pontarini Architects, the new building will be located in the heart of campus next to the University Centre, the Architecture Building and the new Health Sciences Building. Construction on the new facility is slated to begin next year, with completion targeted for 2020.

Dean, Jerry Tomberlin said, “If you go to any other university campus that has a business school of any size, you’ll see a physical presence. It’s been hard for us without that to kind of compete on all levels. We have a great MBA program, but we don’t have much in the way of facilities for them to kind of showcase what a program we have."

EUROUT2017: the biggest and best yet

Europe’s leading LGBTQ conference attracts top speakers and a record number of delegates.

There was strength in numbers at EUROUT2017, Europe's leading LGBTQ conference for graduate students, MBAs, PhDs, alumni and their allies from top business schools around the world. This year’s event, which took place at London’s Hilton Tower Bridge, featured 40 speakers, 400 delegates, 50 companies and representation from 20 business schools globally.

The three-day conference was organised by Out in Business, one of London Business School’s (LBS) most popular student clubs with 900 members.

The Executive MBA Council and LinkedIn team up to measure return on education for executive MBA graduates

According to respondents of more than 1,000 executive MBA (EMBA) alumni across the globe, 72% said the EMBA program had a positive impact on their career. For those graduates, an EMBA degree resulted in promotions, substantial salary increases over time, career changes or even launching their own business.

However, Michael Desiderio, executive director of the Executive MBA Council said, "Interestingly, the results show that earning potential was not the main factor for prospective students when deciding to attend a program; rather, it was an increase in business knowledge and skills that could positively impact change for their career course." 

University of Minnesota business school increasing options 

While enrolment in the university's full-time MBA program has remained steady, with 565 applicants in 2017 compared with 548 applicants in 2010, the university's Carlson School of Management is trying to offer more course options that align with the changing MBA market to attract students.

The school is offering more interactive class time, face time with instructors, classroom assistance and online components as it attempts to sustain admissions.

"It's a changing market and a changing environment," said Phil Miller, the assistant dean of MBA programs at the university. "We're evolving and we're adapting."

What is Black Friday and where did it come from?

Dr Susan Rose, Head of Henley Business School – Malaysia and associate professor in marketing management asks whether Black Friday is good for business and good for the customer?

“Clearly Black Friday stimulates shopping interest in retailers and brands which has to be good for business. Anything that raises brand awareness and interaction with the customer is welcomed by business."

In online markets we trust, e-commerce guru Steve Tadelis talks success online

Staying with e-commerce, “If the Australian online retail market has any inefficiencies, companies like Amazon will expose them”, according to Steve Tadelis, an adviser to the e-commerce giant, University of California Berkeley economics professor and Distinguished Fellow at Melbourne Business School’s Centre for Business Analytics.

Speaking at the Centre’s recent Talking Data breakfast, Tadelis said Amazon’s arrival in Australia, one of the world’s most popular online markets, will be a test for everyone involved in local e-commerce – from retailers to suppliers to the logistics companies in between.