The Business School Broadcast - 2nd February 2018

The latest news from the global business school community

In this week's business school broadcast we take a look at Harvard Business School's new Global Opportunity Fellowship (GO: Africa), congratulate Stellenbosch Business School for being re-accredited by multiple global agencies, and find out why Cambridge's Judge School of Business is teaching an accounting case study on the cannabis industry.

 

HEC Paris launches Wintegreat program to revive refugees' professional projects 

Ten students from HEC Paris have come together with administrative teams and teachers, as well as graduates of the school, to accommodate twenty refugees over a semester. This initiative is the result of a partnership with Wintegreat, a solution for the professional integration of refugees.

Eloïc Peyrache, Associate Dean for HEC MSc in Management Program, says: "Businesses have an important role to play in reducing inequalities and improving social development in a country. By allowing, through training and support, a better employability of these refugee populations, HEC Paris is also at the heart of French social development. I am particularly pleased and proud of the dynamism of our students, teachers and staff who are behind this great initiative.” 

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LBS awarded major donation by co-founders of Lonely Planet

Tony and Maureen Wheeler have gifted £10 million for the new London Business School Wheeler Institute for Business and Development. This donation from philanthropists Tony and Maureen Wheeler will fund LBS’s newly established Wheeler Institute for Business and Development, which will apply business and entrepreneurship solutions to tackle the most pressing social and economic problems in the developing world.

Tony Wheeler commented that: "Maureen and I have been passionate supporters of international development efforts for many years and firmly believe that business and entrepreneurship has a central role to play in this journey. It’s a privilege to lend our support to LBS and the Institute; we are grateful to be part of the Institute’s long-term efforts to alleviate poverty in those regions most in need." 

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Harvard Business School announces new Global Opportunity Fellowship (GO: Africa)

Beginning with the MBA Class of 2018, Harvard Business School (HBS) will offer a Global Opportunity Fellowship (GO: Africa) to supplement the income of MBA graduates who go on to work in Africa following graduation.

The fellowship is designed to bridge the gap between a recipient’s annual salary and $100,000 USD. Students will be eligible for the fellowship for up to five years after graduation, with a maximum award of $50,000 per year and cumulative support of $150,000.

“We are eager to support HBS graduates who want to make a difference in emerging markets,” said Chad Losee, Managing Director of Admissions and Financial Aid. “This pilot program will help attract top talent to Africa and expand the School’s global impact.”

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Tepper School of Business releases its 2017 Full-time MBA Employment Report

The Tepper School of Business has released its 2017 Full-time MBA Employment Report, which summarizes the job offers for the graduating class of full-time MBA students, as well as summer internships for rising second-year students, by industry, function and median compensation.

A record-setting 43% of the graduating class — up from 34% last year — accepted jobs in tech companies. With numbers that outpace most other top MBA programs, the percentage of Tepper students entering the tech field has approximately doubled over the last five years.

Additionally, a record-breaking 58% of women MBAs in the Class of 2017 entered the tech field — up from 45% for the Class of 2016.


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Stellenbosch Business School gets re-accredited by global agencies

According to The University of Stellenbosch Business School (USB), the USA-based Association of Advance Collegiate Schools of Business (AACSB) and the UK-based Association of MBAs (AMBA) visited the school last year to assess the school, its academic programmes, and resources.

USB also has EQUIS accreditation from the Belgian-based European Foundation for Management Development. This puts the school in the company of some 86 schools worldwide with the Triple Crown of international accreditations.

USB director Piet Naudé said the school’s reaccreditation by both AACSB and AMBA at the start of 2018 confirms an ongoing culture of excellence. "For us to earn and maintain these international accreditations we need to look at everything we do through a quality filter. It calls for a long-term commitment to providing the best curricula, best academics, and best resources to our students. It is not based on the findings of an annual perception survey."

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First ‘seed-to-sale’ accounting case study on cannabis industry

Cambridge Judge Business School and cannabis operator and investor White Sheep Corp announced their collaboration on the first “seed-to-sale” accounting case study on the cannabis industry – “High” Profits From Accounting For Cannabis Plant Inventory – co-authored by Alan Jagolinzer, Michael Miller and Steven Looi. This case examines questions raised about financial reporting in one of the world’s fastest growing industries, cannabis, aiming to guide students through the reporting process for an industry that is being legalised by an increasing number of jurisdictions. The case focuses, ultimately, on what key decisions go into deciding the fair value of a cannabis crop and how this is reflected on the financial statements.

Alan Jagolinzer, Professor of Financial Accounting at Cambridge Judge, says: “The School is partnering with global business experts to create and enhance complex, innovative, and pertinent academic curriculum to develop students for business leadership. We are very excited to join White Sheep in creating the world’s first accounting case study on the cannabis industry, which is seeing enormous capital growth despite considerably complex and confusing financial reporting. I can see why investors might want to consider publicly traded cannabis companies. However, I highly doubt they understand the accounting because of the unique rules for agricultural inventory. This case will certainly liven up our discussions of financial accounting and help the professionals of tomorrow to start building these skills today.”

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Cass Business School becomes a United Nations PRME Champion

Cass Business School has been selected as a Champion of the United Nations Principles for Responsible Management Education (PRME). This prestigious recognition has only been awarded to 39 other business schools around the world.

The Principles for Responsible Management Education (PRME) is a United Nations-supported initiative founded in 2007 as a platform to raise the profile of sustainability in schools around the world, and to equip today's business students with the understanding and ability to deliver change tomorrow.

As a voluntary initiative with over 650 signatories worldwide, PRME has become the largest organised relationship between the United Nations and management-related higher education institutions.

Professor Marianne Lewis, Dean of Cass Business School said: “I am thrilled that Cass has been chosen as a UN PRME Champion. This is the right time for us, indeed for all business schools, to start thinking strategically about what higher education intuitions can do to support sustainability."

She added that: “We are at a turning point in our relationship with people and planet, and business schools can no longer shy away from thinking about their place in this relationship. At Cass we encourage our community – faculty, students and alumni - to think about their relationship with the environment.”


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phil_cottrell
Written by Phil Cottrell

Phil is the editor of TopMBA.com and has a breadth of editorial and digital marketing experience. He has worked across a variety of industries from e-commerce and commercial real estate to managing all content for a C-suite careers site aimed at UK and US professionals.

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