Business School News

The case of the questionable Indian Institute of Planning and Management (IIPM) is a lesson about the failures of the media and business schools. It is not only about clarification, responsibilities and ethics – it is about profit. The interests of potential MBA students get left by the wayside.

Mahesh Sarma, editor at Careers360, talks about IIPM and the role of business schools, media and politics and why a small magazine started to write the truth.

Deutsche Bank and the University of Chicago Booth School of Business announced a multi-year academic partnership designed to support and expand education related to risk management and financial regulation.

Aston Business School has launched Islamic Finance and Business Centre – the first of its kind in Europe. The Centre has been developed as a result of a £1.5 million grant from Dubai-based business Surgi-Tech and aims to establish Birmingham as the centre for Islamic finance in the UK.

Joining the likes of Iese and Esade, the IE Business School is now also opening an office in Munich. The office will serve as a regional hub that prospective students, alumni or customer companies can turn to with any question or query concerning the IE Business School.

At 40 students, the European School of Management and Technology (ESMT) in Berlin, has just started its largest class ever for its one-year full-time MBA program. Last year there were just 26 students. Nine of this year’s students received full scholarships and there were also several partial scholarships.

In December the Leipzig Graduate School of Management Leipzig (HHL) proudly announced that the school’s full-time MBA was listed on the “Europe-wide leading ranking of the Financial Times” for the first time, thus making the school number one in Germany and 34th in Europe. The ranking, however, raises some questions.

Thunderbird School of Global Management President Ángel Cabrera will lead a panel discussion on business ethics in conjunction with the public launch of the Global Business Oath, an initiative of the World Economic Forum’s Young Global Leaders. The oath will be during the annual World Economic Forum in Davos, Switzerland.

Eight years after his graduation from Yale MBA graduate Lei Zhang had turned a successful investment manager. Successful enough that the Chinese alumnus decided to donate $8,888,888 to Yale University. A large gift that wasn’t met with the joy one would expect.

IMD in Lausanne will continue to enhance its action learning and leadership emphasis for the 2010 class which began in January. The new class of 90 is represented by 42 nationalities. Almost 25 percent of the class are women.

Insead will open its third campus on January 18th in Abu Dhabi. The 13-storey building has been given to the business school by the sheikdom. For the time being, the focus is on Executive Education for government employees.

The great Winston Churchill once observed that he liked learning but hated being taught. Similarly many colleagues facing an internationally diverse group may like teaching them but hate having to translate and interpret at the same time as teaching their module. Most business schools now have some form of student exchange program in place, which means the adjective ‘international’ can be employed liberally in all their communication towards prospective students : are they therefore “international business schools” ?

Die Graduate School of Business Administration (GSBA) in Zürich wird zum 4.Januar in “Lorange Institute of Business Zurich” umbenannt. Damit will der ehemalige IMD-Präsident Peter Lorange, der die Schule Ende Juli gekauft hatte, den Neuanfang unterstreichen und sich von dem umstrittenen Ruf der GSBA distanzieren.

For the first time in its history, the Rotterdam School of Management, Erasmus University, has set up an annual fund to provide the opportunity for its alumni and friends to make a significant and immediate contribution to the school.

The Schulich School of Business at York University in Toronto officially launched its MBA in India. It is the first MBA program to be delivered by an international business school from outside India. The program has received government approval from the All India Council for Technical Education, the national regulatory body governing school accreditation and the delivery of degree programs in India.

Founded by 25 companies in 2002, the European School of Management and Technology (ESMT) needs endowment capital in the amount of 200 million euros, explained Michael Diekmann, CEO of Allianz SE and Chairman of the Board of Trustees for the ESMT Foundation, at an Allianz press conference. So the school is currently lacking about 100 million euros. As of yet, the school has also fallen very short when it comes to the expansion of its faculty and student numbers.