Global MBA programs article

\
THINKING
GL
BALLY
In the 21st century, practically every major industry has global elements
or aspirations. In response, business schools are boosting the international
components of their MBA programs. Specifics vary by school, but a passport
may soon be a prerequisite for earning a business degree. By Aaron Dalton
The Asian Tail
ROGER
JENKINS,
dean of the Farmer
School of Business at
Miami University
Top: The Farmer School
of Business offers
several international
experiences to students,
including programs in
Hong Kong.
154
At the Farmer School of Business at Miami
University, Dean Roger Jenkins is known as “The
China Dean” for his belief in the rising economic
importance of Asia—particularly China. “I feel
quite strongly that the Asian tail will wag the
global dog,” Jenkins says. “The United States is no
longer the center of the universe.”
When Jenkins joined the Farmer School eight
years ago, he took the dramatic step of shutting down the school’s MBA program. Under his
direction, a new accelerated program took shape.
In just 14 months, students can obtain their MBA
by focusing on a tightly integrated curriculum.
March 2011 deltaskymag.com
The pace is intense, but Jenkins made sure to
carve out time for a six-week global consultancy
requirement at the end of the program.
The class of 2010 worked on projects for
companies such as Dell, Radiometer and Procter
& Gamble in Europe and Asia. A faculty member
travels to each student’s final presentation to
provide assistance and assess the effects of the
student’s contributions.
Why place such heavy emphasis on international experience? “Employers who are recruiting our students tell me that a global mindset is
one of the top skills they seek in an MBA graduate,” Jenkins says. “They want to hire people
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who feel comfortable working with and
understanding other cultures.”
Limited Time, Maximum Impact
A N N KO C U R E K
of Emory University’s
Goizueta Business School,
above, arranges weeklong
classes for students at
partner schools around
the world.
As part of her work for the Evening MBA
(EvMBA) program at Emory University’s Goizueta Business School, Anne Kocurek arranges
weeklong classes at international partner schools.
“When I speak with colleagues in Europe, they try
to tell me about these fabulous two-month programs, and I have to explain that many Americans
only have 10 days of vacation,” Kocurek says.
Goizueta requires its EvMBA students to
complete an international module by choosing
from a menu of classes at partner institutions.
Options include studying “Business in Brazil” at
the Fundacáo Getulio Vargas in Rio De Janeiro or
taking a class on “The Business Environment in
China” at Fudan University in Shanghai. Other
international module destinations have included
Bringing World-Class
MBA Faculty to You.
Argentina and Finland, with new locations added
every few years. The modules, which are led
by the host school’s business faculty, typically
involve visits to multinational corporations, presentations by local business experts or opportunities to network with students from a variety of
American, European and Asian MBA programs.
As for Goizueta’s full-time MBA students,
more than half of them complete an international internship, study abroad or take an international mid-semester travel module to build
real-world skills. They also learn about business
leadership in countries such as Brazil, India,
Israel, Malaysia, Singapore or South Africa.
“There’s a global angle to the whole program,”
Kocurek says. “Classes take a global perspective.
Even if a company just does business in the United States, there are frequent discussions about
the rationale for expansion and the places where
that expansion might create the most value.”
Location Matters
With its Embassy Row location on Massachusetts
Avenue, the American University Kogod School
Instructor Paul Hudnut,
Olympus Innovation Award winner
Make a difference in your career with a Distance MBA
from the top-ranked public business school in the region.
AACSB internationally
accredited since 1970
156
March 2011 deltaskymag.com
www.CSUmba.com
We want to
make sure
our students
are well-versed
with developments in the
global economy.
— Frank DuBois
//////////////////////////////////////////////////////
of Business gives MBA students access to Washington, D.C.’s, diplomatic community. Within a
couple of miles, students also can visit the headquarters of international institutions such as the
World Bank, International Monetary Fund and
the Agency for International Development.
Kogod’s Department of International Business
serves as a champion for students with global interests. “Our focus is on exposing and sensitizing
students to the nuances of doing business across
national frontiers,” says Frank DuBois, department chair.
For students who choose a concentration in
Global Emerging Markets, Kogod organizes a
12-day trip to an emerging market such as Brazil
or Eastern Europe. The trips involve site visits to
multiple companies, and an in-depth industry
study. “We want to make sure our students are
well-versed with developments in the global
economy and that they understand the extent
American University
Kogod School of
Business’ prime location
in Washington, D.C., gives
MBA students access
to the local diplomatic
community.
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\
What we have done in our new program is to broaden and
deepen the courses we offer in the business area, while still
drawing on our traditional strengths in international affairs.
—Stephen Bosworth
to which growth
is sustainable in
emerging [Brazil, Russia, India
and China] markets,”
DuBois says.
Kogod students have
another resource close at
hand—the opportunity to
take courses in subjects
such as international negotiations, international economics and microfinance at
their university’s School of
International Service.
Totally International
Students in the in
The Fletcher School’s
Master of International
Business program study
subjects such as finance,
marketing, statistics,
accounting and strategic
management.
Students looking for a more
balanced combination of international business
and international relations have a new option
in the Master of International Business (MIB)
program offered by The Fletcher School at Tufts
University. The Fletcher School has been offering
classes on international affairs since 1933, but it
graduated its inaugural MIB class in May 2010,
achieving a placement rate of almost 90 percent
at institutions such as the International Finance
Corporation, money management firms and
major multinational corporations such as the
Chicago Bridge & Iron Company.
“We have offered business courses for a long
time,” says Dean Stephen Bosworth, who also
happens to serve as Special Representative for
North Korea Policy for the current U.S. administration. “What we have done in our new program
is to broaden and deepen the courses we offer in
the business area, while still drawing on our traditional strengths in international affairs.” With
students hailing from nearly 20 countries, every
classroom discussion becomes an opportunity for
intercultural dialogue.
MIB students are required to participate in a
business internship with a significant international component during the summer between
the first and second years of the program. Thanks
to agreements with Harvard and the China Europe International Business School, Fletcher MIB
students can also cross-register for occasional
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classes at those universities’ business schools.
Meanwhile, The Fletcher School is strengthening
its business faculty by recruiting luminaries such
as Amar Bhidé, a world-renowned expert on
entrepreneurship.
Students who
participate in The Duke
MBA—Cross Continent
program study in several
locations around the
world, including Dubai.
One Program, Six Countries
If one country visit is not enough, aspiring MBA
students can apply to The Duke MBA—Cross
Continent program at Duke University’s Fuqua
School of Business. This innovative 16-month
program plunges students into two-week
residencies in London, Dubai, New Delhi, St.
Petersburg, Shanghai and the school’s main Durham, North Carolina, campus. Between residencies, Fuqua students continue their studies from
home via an Internet-based distance learning
platform.
This combination of cultural immersion,
global networking and the flexibility of distance
learning formed an irresistible package for Randy
Zwitch, director of Web analytics at Barclaycard
U.S., who graduated in 2010. “The greatest benefit
of the program comes from learning about
/////////////////////////////////////////////////////////////////////////////////////
variations in business culture around the world,”
Zwitch says. “The subtle nuances of a business
deal frequently determine its success. By traveling and experiencing many different business
environments, I have a better understanding of
those subtle but crucial details.” //
IN BUSINESS,
ACCOUNTABILITY
IS JUST AS IMPORTANT
AS ACCOUNTING.
Brian Hull | President - Hull Lift Truck, Inc. | Class of 2011
R A N DY Z W I TC H ,
director of Web analytics
at Barclaycard U.S. and
a 2010 graduate of
Duke University’s Fuqua
School of Business
\
Short Programs,
Long-term Success
Need to hone your
global business skills?
Accelerated programs
are a great solution
for working professionals who already have
a degree. By Jane Di Leo
F
or executives in today’s ever-changing marketplace, being
globally minded is no longer a suggestion or an added individual
value—it’s required. A company may be based within a specific
country, but it is affected by factors from the outside world.
When executive education got started approximately 60 years ago,
classes focused on one major market/country or another, says Stephen
Burnett, associate dean of executive education at the Kellogg School of
Management at Northwestern University. “Today, however, all programs
have to take a global perspective. You build that into everything you do,”
Burnett says.
Major universities are providing professionals with an opportunity to
grow and learn through executive education programs, which bring in
perspectives, leaders and case studies from all over the globe. Here’s
a sample of six such programs.
We organize our
programs around the
executives. We make
sure that there are
plenty of opportunities
for participants to learn
from each other and to
apply ideas from the
program to the pressing challenges in their
careers and companies.
– Paul Ingram, Kravis professor of business
at the Columbia Business School
Ross School of Business
University: University of Michigan
Location: Ann Arbor, Michigan
Course Locations: Most courses are held
on campus in Ann Arbor, Michigan. Programs
also are offered in India, Hong Kong, Singapore, Thailand, Dubai and Malaysia.
Average Class Length: One to four weeks
160
March 2011 deltaskymag.com
Cost: Approximately $9,000 to $10,000
per week
Percentage of International Students:
30 percent
Did You Know?: In winter 2011, the Ross
School of Business offered a program in
India called Global Program For Management
Development – India.
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Darden School of Business
University: University of Virginia
Location: Charlottesville, Virginia
Average Class Length: A week or less
Percentage of International Students:
25 percent
The University of Virginia Darden School of Business may be located in Charlottesville, but about a third of its
student body is made up of international students.
Housing: The Executive Residence at the
Ross School of Business is a full-service
hotel. Amenities include 105 guest rooms
that incorporate sustainable materials, a
certified master chef who caters to specific
dietary needs, a cocktail lounge, social areas
on each floor, a study area, game room, highspeed wireless, laundry and dry-cleaning
services, fitness facility, complimentary
newspapers and a 24-hour business center.
Rankings: Ranked No. 8 by BusinessWeek
for open enrollment executive education
programs, and No. 21 by the Financial Times
in the same category.
Insider’s View: “For some companies, 40
percent of their business is overseas. For others, even if you are not ‘global’ as a company,
I [bet that] your supply chain is global,” says
Graham Mercer, assistant dean for executive
learning at the Ross School of Business.
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Did You Know?: In 2010, Darden School of
Business launched a joint program with the
Saudi Arabia Institute of Banking to develop
the next generation of leaders for the finance
industry in the Gulf area. Classes were taught
in Bahrain, Riyadh and Charlottesville.
Housing: Students can stay at the Sponsors Executive Residence Center. Amenities
Include 180 rooms, high-speed Internet and
WiFi, a 24-hour service desk, dining, pub, fax
service, fitness center, game room, laundry
machines and free guest parking.
Cost: $1,500 per day or $7,500 for a week
Rankings: Ranked No. 1 by the Financial
Times in open enrollment executive education
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Keeps pace with
your schedule
and career.
programs, and No. 16 by BusinessWeek in
the same category.
Insider’s View: “Our typical student is an
emerging leader who wants to become a
bigger, broader general manager,” says
David Newkirk, CEO of executive education at the Darden School of Business.
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Baker Center for Graduate Studies’ MBA program is also accredited by the International
Assembly of Collegiate Business Education (IACBE).
Columbia Business School
University: Columbia University
Location: New York City
Average Class Length: One week
Cost: $9,000 for most weeklong
programs
Percentage of International Students: In the Senior Executive Program,
75 percent of students are international.
Did You Know?: The Columbia Senior
Executive Program offers students alumni
status. Alumni status also can be earned
by taking 16 full days of classes in two or
more other programs.
Housing: Columbia Business School uses
hotels and conference centers in New York
City and the wider metropolitan area.
Rankings: Ranked No. 18 by the Financial
Times for open enrollment executive
education programs. Ranked No. 12 by
BusinessWeek in the same category.
Insider’s View: “We organize our programs around the executives,” says Paul
Ingram, Kravis professor of business at
the Columbia Business School. “We make
sure that there are plenty of opportunities
for participants to learn from each other
and to apply ideas from the program to the
pressing challenges in their careers and
companies.”
deltaskymag.com March 2011
163
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Kellogg School
of Management
University: Northwestern University
Location: Evanston, Illinois
Average Class Length: Five days
Cost: $9,000 to $10,000 per week
Percentage of International Students: 30 percent for shorter programs,
up to 60 percent for longer programs
Did You Know?: Kellogg offers 160
executive education programs and sees
more than 6,000 execs annually.
M.B.A.
Great Value
Strong Ethics
Smart Business
G.M.A.T. optional
164
March 2011 deltaskymag.com
Housing: Students can stay at The Allen
Center. Amenities include classrooms,
study group rooms, bedrooms with daily
housekeeping, dining rooms, lounge areas,
snack rooms, laundry service, an exercise
room and access to Northwestern’s
Henry Crown Sports Pavilion and Aquatic
Complex.
Rankings: Ranked No. 13 by the Financial Times for open enrollment executive
education programs. Ranked No. 13 by
BusinessWeek in the same category.
Insider’s View: “Today, executive
education is part of a process and not an
event,” says Stephen Burnett, associate
dean of executive education at Kellogg
School of Management. “You can change
the program while you are in it by the
questions you ask. If you know what you
want to know and are not hearing it, raise
your hand. We are really looking at process. We prepare and mold the program
to fit your needs while you are here—and
when you get home.”
PHOTO: NATHAN MANDELL
Graduate School of Business and Technology
!!""#$#%%&'())*&+,-#.-((&&)&&'''/$0&0 /%1&2034
Additional Photography Credits //
Cover and pages 75, 99 //
Stanford Graduate
School of Business
University: Stanford University
Location: Stanford, California
Average Class Length: One week
Cost: $9,000 to $10,000 per week
Percentage of International
Students: 50 percent
Did You Know?: The executive education program offers pre-course work
and hands-on work. After the course
concludes, there also are webinars and
other events to keep the community feeling going with participants.
Housing: Students can stay at the
Schwab Residential Center. Amenities
include private suites with private baths,
shared kitchens, indoor and outdoor
informal meeting spaces, a dining facility,
study rooms, TV lounges, laundry rooms,
dry cleaning services, prepared meals in
the center’s dining room, and access to a
comprehensive computer network and
computer lab.
Fact: Students who
complete the six-and-ahalf week Stanford
Executive Program at
Stanford Graduate School
of Business receive
alumni status.
Rankings: Ranked No. 12 by the Financial
Times for open enrollment executive
education programs. Ranked No. 3 by
BusinessWeek in the same category.
Insider’s View: “Global competition requires global excellence,” says
Priya Singh, assistant dean of executive
education at Stanford Graduate School
of Business. “People realize that the
competition level is very intense within
countries and across countries. They
need to think of best practices to
perform as individuals and globally at the
institution level.”
Photography by Sheryl Nields for Copious Management. Stylist:
Charlene Roxborough. Hair: Lisa Satorn of Ken Paves Salon.
Makeup: Collier Strong for CloutierRemix. Cover and page 99
(top): Dress by Emilio Pucci, emiliopucci.com. Faux Fur Throw from
the Mandarin Oriental Las Vegas, mandarinoriental.com. Page 75:
Abstract dress by Proenza Schouler, barneys.com. Page 99 (inset):
Felicia Dress by Stella McCartney, stellamccartney.com. Platform
pumps by Brian Atwood, brianatwood.com. Photographed at The
Mandarin Oriental, Las Vegas and Beso Restaurant at City Center,
Las Vegas.
Pages 46-47 //
Page 46: Sir Cam (University of Cambridge Science Festival); Little
Brown Chocolate Bakery & Café (bakery items); Â Chris Schwegler/Retna Ltd./Corbis (Kid Rock); Gilda’s LaughFest (Cosby); Rome
Independent Film Festival (audience). Page 47: Dan Borris (Taylor);
Janet Mayer/PR Photos (Minogue); Associated Press (The Eagles);
Thomas Rowlandson/Portland Museum of Art (1756 - 1827 Norfolk
Broads); Everett Kennedy Brown/epa/Corbis (Tokyo International
Anime Fair); RD/Erik Kabik/Retna Ltd./Corbis (Bieber).
Pages 88-89 //
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Harvard Business School
University: Harvard University
Location: Boston, Massachusetts
Average Class Length: Classes range
from two days to eight weeks
Cost: Varies based on program length
Percentage of International
Students: 64 percent
Did You Know?: Harvard offers many
specialized options, such as Global Strategic Management and Building Businesses
in Emerging Markets, which focus on
global reach and provide business strategies for companies looking to expand
internationally.
Housing: Students can live on campus
in groups. Amenities include suites of six
to eight single rooms arranged around a
common area, private baths, desktop with
high-speed Internet in each bedroom,
wireless Internet, a dining facility and access to the school’s recreational facilities.
Insider’s View: “Executives are immersed in leadership training that challenges their assumptions and introduces
them to new and unexpected ways of
strategic and tactical thinking,” says
Charles W. Breckling, managing director
of marketing at Harvard Business School.
“They return to their organizations with a
fresh global perspective.” //
166
March 2011 deltaskymag.com
PHOTO: RICHARD CHASE
Rankings: Ranked No. 4 by the Financial
Times for open enrollment executive
education programs. Ranked No. 1 by
BusinessWeek in the same category.
Expert Insights Why is a global focus an important part of business education?
CAROLYN CUDDY
PAUL C. VELASCO
Executive Director and Chief Operating Officer,
The University of Tennessee Center for Executive Education
The University of Tennessee, Knoxville
Director of Degree Programs,
Executive Education
University of Notre Dame
Today’s global leaders have been challenged
to focus on ethical, sociological, environmental and political issues that vary
significantly by country, industry and
culture. Education must keep pace
for leaders to successfully meet
these challenges. Supply chains have
become extended, more complex
and often less responsive and efficient.
Demands on profitability have driven
extensive changes to business strategies.
Environmental issues have impacted performance and costs. Today’s
executives require access to programs with a comprehensive global
scope and structure that is specifically aimed at the business, supply
chain, leadership and cultural challenges they face every day. This
cross-cultural competence is essential for a leader to be effective and
successful. As a result, The University of Tennessee, Knoxville, knows
it is imperative to integrate a global focus into all five of its executivelevel MBA programs—from global immersions, globally diverse
student profiles and a global supply chain industry consortium forum.
Most executive MBA programs have incorporated multinational marketing, global supply chain management and international
finance content, but leading schools understand the deeper lessons required
to develop a global focus. They understand how culture affects business
viewpoints and interactions—including
other cultures’ differing perspectives on
U.S. norms such as creating shareholder
value. They teach graduates to engage in
strategic thinking, providing the tools required to solve leadership challenges in an increasingly complex, interdependent and rapidly changing
world. Educators achieve this through a well-integrated curriculum.
We must extend core courses with experiential learning, cultivation of
a strategic-thinking mindset and consideration of the global context.
Our graduates will then be able to confidently scan a dynamic global
environment, seeing challenges and opportunities through a new lens.
Their decisions will be rooted in their knowledge, experience and values
in order to serve the greater good.
Darden Executive Education
#1 Programs in the World (FT, 2010)
Management Development Program:
Driving Vision, Action, and Results (MDP)
An ever-changing economic climate calls for multifaceted managers and
leadership with broad business knowledge, and the skills and tools to
positively affect outcomes. At Darden, you will apply the latest concepts
and strategies that can prepare you to identify emerging opportunities
and adeptly navigate through any type of environment.
www.darden.virginia.edu/exed/MDP
Management Development Program:
Driving Vision, Action, and Results
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FULL-TIME MBA
MBA FOR EXECUTIVES
MBA FOR EXECUTIVES GLOBAL
EXECUTIVE EDUCATION
deltaskymag.com March 2011
167
\
CHRISTINE SHEA
Associate Dean of Graduate Programs and Research,
Whittemore School of Business and Economics at the
University of New Hampshire
At the Whittemore School of Business and
Economics at the University of New
Hampshire, we believe that a global
mindset is a necessary prerequisite
to effective business leadership. The
boundaries between nations have
faded, and there is no such thing as a
purely local business anymore. Executives must stay on the cutting edge of
industry knowledge and technology, and
they must understand the conditions under
which foreign businesses operate in order to do business with them and sustain a competitive advantage in the world.
Our executive MBA students learn how to integrate knowledge
across business areas and prepare for a career in the global economy
in a yearlong international management course—which culminates
in a 10-day international residency in Beijing and Shanghai. At the
Whittemore School, developing a global mindset is a critical goal
against which we measure the effectiveness of all our programs. //
The Whittemore School of Business and Economics
in Durham, New Hampshire, offers one-year MBA,
executive MBA and part-time MBA programs.
Many students participate in a 10-day international
residency.