Top Business Schools Career Enhancing Opportunities The Right Programs for You, Your Colleagues, and Your Employees

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1 THE 2007 PROGRAM DIRECTORY MBA & EXECUTIVE EDUCATION Top Business Schools Career Enhancing Opportunities The Right Programs for You, Your Colleagues, and Your Employees To advertise in the next directory, call Denise Clouse at (212)

2 THE MBA GOES BACK TO SCHOOL BUSINESS SCHOOLS ARE academia s early adopters. In their ongoing quest to stay in step with rapidly changing market demands, they are typically the first to try out a new idea, technology, or approach. While the MBA program has become the global standard for managerial education, business school deans have been adapting their programs to better suit new workplace demands. Here are some of the most innovative approaches that leading business schools are adopting. SHORTENING THE PROGRAM Executive MBA programs were developed to accommodate the skyrocketing number of people who wanted to attend business school while keeping their day jobs (according to some studies, nearly 80 percent of MBA students attend parttime). Later, part-time degree programs were created for students with limited time for classroom sessions. The latest trend is the drive-through MBA, a program designed for people unwilling to invest the time or money required by existing MBA alternatives. Outside the United States, several leading schools offer such full-time, intensive programs. At INSEAD, for instance, the drive-through MBA takes as little as 10 months; at the University of Toronto s Rotman School of Management, the executive MBA program can be completed in a year. In the United States, Drexel University does offer a one-year MBA, but the idea has yet to catch on among the top-tier American schools. Some educators at these schools argue that the fast-paced programs don t meet the needs of younger students, who typically have little exposure to the more difficult business concepts and therefore need more time to digest the material. THE CURRICULAR RESPONSE TO GLOBALIZATION At a 2006 roundtable meeting of 16 deans of business schools in Europe, Latin America, the United States, and China, the discussion underscored the way that globalization is changing management education. To gain a deeper appreciation of region-specific market and business challenges, schools are forging closer ties with corporate partners, which tend to have a more granular understanding of these issues. They re also trying to diversify their case research. This is one of the reasons behind Columbia Business School s new partnership with the Indian Institute of Management in Ahmedabad. Similarly, the Kellogg School of Management at Northwestern recently announced plans to co-found an institute for research on global economic and social affairs that will be based in Bangkok. To help students develop the international mindset that globalization requires, business schools make special efforts to recruit students who either hail from other countries or who have had significant overseas experience. At the University of Virginia s Darden School of Business, 30 percent of the student body is international; at the Tuck School of Business at Dartmouth, 34 percent of the student body comes from outside the United States. An internationally diverse student body increases graduates networking potential an important factor of career success in a global economy. At the University of Navarra s IESE Business School, nearly 75 percent of the students come from outside Spain; this level of diversity is partially responsible for the school s ranking as number-one in the world by the Economist Intelligence Unit last year. In addition to requiring overseas apprenticeships and consulting work, many MBA programs offer courses on how to work collaboratively across organizational and cultural boundaries. To reinforce this learning, some even hold classes on more than one continent. Hong Kong University s full-time MBA program, offered in partnership with Columbia Business School and the London Business School, enables students to take courses in Asia and either New York or London. Hong Kong University s executive MBA, offered in conjunction with Kellogg, was ranked number-three in the world last year by the Financial Times. The Sloan School of Management at the Massa-

3 chusetts Institute of Technology offers a joint MBA program with the School of Economics and Management (SEM) at China s Tsinghua University. SEM will also launch a dual-degree executive MBA program with France s INSEAD this June. And the Wharton School of Business at the University of Pennsylvania is seriously considering a campus in India to provide executive MBA programs. Darden s global business experiences, one-week courses that are held during spring break, take place in nine different countries. Harvard Business School recently launched a China educational immersion program, with 70 MBA students spending winter break traveling to Beijing, Hong Kong, Hangzhou, Shanghai, and other locations. Rotman is planning a study tour of India for MBA students in May. The Haas School of Business at the University of California, Berkeley, recently launched a 10-day trip to Israel that gave 35 MBA students the opportunity to meet with some of that country s top financial and economic leaders. INTRODUCING: THE SPECIALIZED MBA In response to the growing call for more specific expertise, select schools now offer concentrations in such topics as healthcare management, higher education administration, family-owned business, sports management, nonprofit management, entrepreneurship, and supply-chain studies. Last fall, Columbia launched the Program on Social Intelligence, which employs experiential learning and coaching to teach MBA students how to use emotional awareness to be better managers. But the curricular richness doesn t stop there. Contemporary issues and concerns have prompted schools to create a cornucopia of new courses. For example, Haas and the Graduate School of Business at Stanford both offer dozens of courses on environmental sustainability. At Darden, a course in business ethics is a required part of the first-year program. Other topics that are receiving greater emphasis these days include social responsibility, decision making, leadership, creativity and innovation, design, and public policy. DEPLOYING TECHNOLOGY IN NEW WAYS To make room for new curricular emphases, schools are putting the more rudimentary courses in finance and accounting online. New classroom technologies are also being used to enhance learning. Podcasts, for example, enable students to listen to guest speakers from around the world. Personal clickers allow professors to immediately gauge students comprehension of the lecture material. Photographing whiteboards and tablet PCs simplify information transfer. (The Fuqua School of Business at Duke University, a leader in piloting next-genera-

4 tion computing devices, has worked with more than a dozen companies to test first- and second-generation tablet PCs. The school is currently developing an online social networking application to assist students with their career searches.) At Babson, voice-annotated spreadsheets enable students to hear professors commentary while they study the details of the financial statements of companies that are profiled in case assignments. The school also plans to make use of wikis, which will allow professors to alter the content of online readings based on how well students are understanding the material. LEARNING OPPORTUNITIES ACROSS THE LIFESPAN Executive education programs are bringing MBA graduates back to campus at intervals throughout their careers. Many of these short, intensive programs focus on the more nuanced and multidisciplinary skills required for higher-level business challenges, or else more industry-specific business issues. For several years now, both Rotman and Columbia have offered short courses in financial literacy and accounting essentials to corporate directors. Haas offers a similar mini- MBA course that gives corporate lawyers the accounting background they need to fulfill their obligations under Sarbanes-Oxley. All in all, it is a time of great ferment. Which makes sense: if the pace of change in the workplace isn t slowing down, why should it be any different for business schools? COLLABORATES to gain new perspectives across continents to create the next big thing to surprise the competition, yet again to do what s right, not what s easy Duke University s Fuqua School of Business educates leaders at all stages of their careers. Whether you re a full-time MBA student, a professional earning an executive MBA to accelerate your career, or part of a team in an executive education program, you ll gain a broader, more global perspective through an innovative curriculum and instruction by a top research faculty. DAYTIME MBA EXECUTIVE MBA EXECUTIVE EDUCATION fuqua.duke.edu

5 RESOURCE DIRECTORY Harvard Business Review invites you to contact the schools and programs listed directly. Please mention that you saw their advertisement in this issue of HBR. To place an ad in the next directory, please contact Denise Clouse at (212) Darden School of Business University of Virginia Executive Education 100 Darden Boulevard Charlottesville, VA Tel: (outside U.S. and Canada, dial ) Fax: Darden is the #1 provider of open-enrollment programs in the world! (FT, 2005). Darden also creates custom programs and corporate learning centers with global organizations. Duke University: The Fuqua School of Business Box Durham, NC Tel: Fax: Duke University s Fuqua School of Business offers professionals the knowledge, skill set, and global perspective to become insightful leaders in a constantly changing business world. Harvard Business School Executive Education Soldiers Field Boston, MA Tel: 800-HBS-5577, ext (outside the U.S., dial , ext. 4143) Fax: HBS Executive Education programs focus on field-based research and closeness to practice, providing actionable learning for individuals that quickly translates into sustainable results for companies. Kellogg School of Management Executive Education Program James L. Allen Center 2169 Campus Drive Evanston, IL Tel: Fax: Kellogg School of Management, consistently ranked among the best in the world for executive education, offers over 40 non-degree and degree executive education programs. Rotman School of Management University of Toronto 105 St. George Street Toronto, Ontario M5S 3E6 Canada Tel: Fax: Don t take it, shape it. Rotman graduates change the way organizations innovate through integrative thinking and business design. The school is on a mission to become one of the world s top-tier business schools. MIT Sloan School of Management Office of Executive Education 50 Memorial Drive, Suite E Cambridge, MA Tel: Fax: MIT Sloan Executive Education provides the tools and frameworks to transform today s good ideas into tomorrow s success stories. With our world-renowned faculty and legacy of leading-edge research, we offer programs that turn highpotential managers into innovative leaders. Stanford Graduate School of Business 518 Memorial Way Stanford University Stanford, CA Tel: (outside the U.S., dial ) Fax: The Stanford Graduate School of Business provides learning experiences that change the way executives think. Our Executive Education programs offer a unique development opportunity to build our participants capabilities as global business leaders in a setting unrivaled among top business schools. Wharton Executive Education Steinberg Conference Center 255 South 38th Street Philadelphia, PA Tel: (outside the U.S., dial ) Fax: Wharton Executive Education introduces the Wharton Learning Continuum. This unique multi-month process gauges participant progress in the workplace and reinforces classroom learning, providing Impact Through Education.

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