The Business School Broadcast - 8th December 2017

In this week’s Business School Broadcast, we look at why an exec at Stanford has been forced to step down from his position, which European business school tops the latest FT rankings, and why Columbia Business School and Columbia Engineering have decided the time is right to launch a new master’s degree in business analytics.

Stanford business school’s exec steps down after data breach revealed

The fallout from the huge data breach at Stanford University’s Graduate School of Business has cost the chief digital officer his job.

Ranga Jayaraman announced that he is leaving after a student revealed that the school had not been forthcoming with its fellowship grants. The grants are supposed to be “need-based,” according to promotional material from the $70,000-per-year business school.

In February, MBA student Adam Allcock discovered 14 terabytes of confidential student data from financial aid applications, according to a news report. Later that month, Allcock reported the breach to the school’s financial aid director, and the records were removed within an hour, the report said.

NYU Stern receives an $8 million gift to establish The Fubon Center for Technology, Business and Innovation

New York University’s Stern School of Business has announced the establishment of The Fubon Center for Technology, Business and Innovation, made possible through an $8 million endowed gift from alumnus Richard Ming-Hsing Tsai (MBA ’81), Chairman and CEO of Fubon Financial Holding Co., Ltd. together with Fubon Financial Holding Co., Ltd.

The establishment of The Fubon Center for Technology, Business and Innovation is the latest in a series of new initiatives at the intersection of technology and business that Stern has introduced over the past 18 months.  Stern was the first among top business schools to deliver a course on the blockchain in 2014, which led to the creation of an official FinTech specialization in the MBA program in 2016.  This past May, the School launched a Tech MBA, a one-year specialized MBA program that integrates business with technology coursework, as well as experiential learning projects with companies through its Stern Solutions programming.

Columbia Business School and Columbia Engineering announce new master’s degree in business analytics

Columbia Engineering and Columbia Business School have announced a new full-time Master of Science in Business Analytics degree, with a three-semester curriculum designed for those who want to focus on learning the modeling techniques and data science tools that help businesses use data to make better decisions.

“By tapping into the vibrant and diverse business ecosystem that can only be found in New York, Columbia Business School and Columbia Engineering are uniquely situated to offer this new Master’s degree,” said Glenn Hubbard, Dean of Columbia Business School.  “We see this as a must-do program for any future business person who wants to have a leg up in using data to make informed business decisions.”

Discover the world’s top business analytics programs in the QS Masters in Business Analytics Rankings 2018.

Financial Times ranks LBS as top European business school

In detailed analysis covering the top 95 graduate business schools in Europe, the Financial Times has ranked London Business School (LBS) as the top school in Europe for the fourth year running.

François Ortalo-Magné, Dean, London Business School, said: "We appreciate this latest recognition of the commitment and excellence of our faculty, staff, students and alumni. At LBS, we strive to have a profound impact on the way the world does business. We want to challenge preconceptions and create an environment that inspires and supports our students to unleash their potential.”