Wednesday, June 25, 2008

News from the schools, June 2008

China puzzles
Are executive-education programmes finding that China is not the land of milk and honey after all? Recently several schools, including the University of Maryland's Smith School of Business and China Europe International Business School (CEIBS), have been reported to be scaling back (in both cases, curtailing their Beijing operations while continuing in Shanghai). There are many signs that other European schools are looking at China through less rosy lenses; watch this space.
But perhaps the foreigners' loss will be locals' gain: demand for domestically-provided executive MBAs in China appears to be rising, with 30 schools now authorised by the Chinese government to offer executive programmes. Meanwhile, China remains the most popular destination for those executive MBA programmes that require a trip abroad.
Want to be a billionaire?
If you want to be a billionaire, pick your university carefully, and pay particular attention to your choice of business school. Research published in May by Forbes reveals that of America's 469 billionaires, 50 are graduates of Harvard College and another 30 were educated at Stanford. In all, 20 universities and colleges account for over half the candidates. While the research looked at graduates of all departments, the business schools produced the big earners—20 of the University of Pennsylvania's 27 billionaire alumni, for example, are Wharton graduates.
Producing super-rich graduates can lead to a virtuous circle, wherein alumni become generous benefactors. The $105m that Phil Knight, Nike's founder, gave to Stanford Business School in 2006, is a particularly dramatic example. But Forbes notes a hopeful sign for the less studious—the rich list includes five who dropped out of New York University. READ MORE>>>

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