By Adriane Nicole Dean
Boston University School of Management MBA Ranked 44th Nationally by the Financial Times; 10th Globally in e-business
Boston University School of Management placed 44th nationally and 95th globally among full-time MBA programs in the Financial Times 2013 Global MBA ranking.
In addition, the Financial Times ranked the School 10th globally in the category of e-business based on alumni ratings. The School continues to provide a portfolio of innovative digital offerings, building off a newly redesigned full-time MBA curriculum, and recently announced the Grand Business Challenge in Digital Health case competition taking place in spring 2013.
The School of Management also continues to produce increasingly satisfied alumni, demonstrated by the “alumni recommend” rank rising from 45th to 38th globally, and “alumni aims achieved” rank moving from 78th to 66th globally. SMG’s faculty research rank improved four spots from 59th to 55th globally, due to an increase in the number of articles published by full-time faculty in 45 internationally recognized academic and practitioner journals.
The FT ranking is based on recent surveys of business schools and of alumni who graduated in 2009. MBA programs are assessed according to alumni career progression, their international exposure, diversity of students and teaching staff, and the quality of faculty and research.
SMG’s Health Sector Management and Public & Nonprofit programs ranked 3rd in the world
Seven of Boston University School of Management’s masters programs have been ranked among the top 25 globally in the 2013 Eduniversal Best Masters Ranking. The School’s Health Sector Management and Public & Nonprofit programs both landed the #3 spot in their respective categories, while the International MBA program placed 9th globally. The School’s Executive MBA program placed 16th.
This annual ranking evaluates individual academic programs rather than institutions, and is based solely on external perceptions. The top 1,000 business schools worldwide are included in the ranking.
The Eduniversal International Scientific Committee bases the rankings on three main criteria: (1) the program’s reputation according to the opinion of international HR professionals, (2) starting salary of recent graduates, and (3) student satisfaction.
The School’s Full-Time MBA program placed 20th globally, the Math Finance program ranked 15th, and the Investment Management program came in at #24.
The 2012 Financial Times ranking of executive MBA programs around the world has placed Boston University School of Management 1st in New England, and 22nd among US-based EMBA programs.
Globally, BU’s Executive MBA program was ranked 66th. In addition, the School placed 6th among US-based programs in the category of alumni career progress.
Data from alumni questionnaires (including areas such as “salary today” and “aims achieved”) account for 55 percent of the ranking’s weight. These criteria include data collated by Financial Times over the past three years, where available. Data supplied by the school accounts for 35 percent, and faculty research published in particular leading journals account for the final ten percent.
“This ranking is reflective of the high levels of student satisfaction with the the quality and career impact expressed by our alumni,” said Janice Dolnick, EMBA program director. “We are continually evolving our curriculum to keep up with changing business environments. This ensures that our students are receiving the most current and effective management training to date.”
See the full 2012 Financial Times Executive MBA ranking here.
Speaking to an audience packed with students aspiring to business leadership, Adam Bryant shared a few things that a smart CEO does not do. The smart CEO does not, for example, ask an interviewee the question that leads to the canned answer, “My greatest weakness is that I work too hard and care too much.”
Instead, the CEO of online shoe company Zappos, for instance, asks job candidates to tell him how weird they are on a scale of one to 10, with examples to back up their score. Everyone falls prey to a little bit of weirdness, and the question gets across to the candidate the importance Zappos places on workplace culture.
“For the CEO, that question is really about seeing how the candidate reacts to the question and it forces them to get out of their element,” said Bryant, the New York Times senior editor for features, who is probably best known for his popular column “The Corner Office” in the Sunday business section, and his 2011 book of the same name. “Good CEOs want to know what the real person is like and don’t want that canned stuff.”
On Thursday, October 4, Bryant spoke at the School of Management about the patterns, themes, and lessons shared with him by CEOs of companies like Foursquare, Hill Holiday, Panera Bread, and Pfizer. The event, part of the School of Management’s Dean’s Speaker Series and cosponsored by the Leadership & Organizational Transformation Concentration, the Graduate Student Council, and the Undergraduate Student Council, drew a crowd of 200. Kenneth Freeman, SMG’s Allen Questrom Professor and Dean, moderated the hour and a half discussion, and invited students to pose questions.
Bryant has been a business reporter, deputy business editor, and deputy national editor at the Times and worked as senior writer and business editor at Newsweek. He was the lead editor of a 2010 series on the dangers of distracted driving that won a Pulitzer Prize for National Reporting. He started “The Corner Office” in 2009. (Article excerpt from BU Today)
Listen to audio excerpts from the event below.
In its recently released 2012 full-time MBA rankings, The Economist placed Boston University School of Management 34th among all US business schools and 55th in the world.
Demonstrating the School’s continued strength in industry relationships, the School of Management placed 1st globally for diversity of recruiters who recruited graduates from the most recent class, and 15th globally for the student rating of jobs secured through a school’s career services.
The Economist ranking of full-time MBA programs was based on an initial selection of 135 leading business schools around the world who were invited to take part in a two-stage survey, which requires input from schools and students/alumni. The rankings used a weighted average of data from 2012 (50%), 2011 (30%) and 2010 (20%).
The rankings included “open new career opportunities” (35%), including assessment of career services and diversity of recruiters; “personal development/education experience” (35%) including faculty and student quality; “increase salary” (20%); and “potential to network” (10%).
For more information, visit http://www.economist.com/whichmba/full-time-mba-ranking
Boston University’s Custom Executive Education Programs placed 2nd nationally and 5th globally in the 2012 Financial Times ranking of Executive Education Programs, the highest placement in the School’s history. Boston University’s Executive Education Programs are housed in the Executive Leadership Center at the School of Management.
Boston University placed in the top 5 globally in eight of ten subcategories, including Aims Achieved and Value for Money, within a corporate survey of executive education users. The School placed 2nd globally for both Future Use and Teaching Methods & Materials. This survey accounted for 80 percent of the ranking, with the remaining 20 percent determined by school-provided data.
In addition to the strong customized ranking, Boston University’s Open Enrollment Executive Education Programs placed 14th nationally. Schools ranked in both categories (open and custom programs) are placed on the Financial Times list of “Top 50 Executive Education Schools.”
“Our unique approach to executive education combines the very best of the School of Management’s research and teaching faculty in a city that cultivates innovation and academic excellence,” said Elizabeth Nassar, Director of Executive Programs at Boston University. “Our custom programs are designed to meet the specific needs of each and every client and use a variety of teaching methods to create immediate applicability. The use of technology in the classroom offers the ability to access internal and external resources on behalf of our clients. We are so pleased that our clients and Financial Times have acknowledged the value of this approach.”
“We’re thrilled that Boston University’s Executive Education Programs continue to receive increasingly favorable recognition,” said Kenneth W. Freeman, Allen Questrom Professor and Dean of the School of Management. “As the School implements a bold strategic plan pursuing excellence in three industry sectors–healthcare, digital technology, and energy and the environment–we will continue to develop custom curricula that bring value to our participants by addressing the dynamic business environment.”
Companies throughout the world partner with Boston University’s Executive Leadership Center to create custom executive education programs designed to help directly improve the skills of executives, managers, and future leaders. The world-class staff and faculty work with corporate leaders to craft a unique program that suits each client’s needs.
Marketing & Communications Manager
Boston University School of Management
- 64 students from 16 schools in 24-hour, Boston University School of Management’s 2012 International Tech Strategy Business Case Competition
- Students tackle how to improve access to education in a Networked Society
- Top prize won for leading strategy aimed at creating value in a Networked Society through education and expertise
Boston University School of Management and Ericsson have announced that a team of MBA students from the University of North Carolina, Chapel Hill has won first place in the seventh annual International Tech Strategy Business Case Competition. The invitation-only, 24-hour competition, worth $47,500 in prizes, challenges business students to help solve real issues that face global technology leaders. The event took place at Boston University School of Management on March 29-31, 2012. This is the fifth consecutive year that Ericsson has sponsored the competition.
This year’s competition focused on the role a Networked Society could play in innovating education. Each team was asked how Ericsson could develop successful business models that will create value for the world in a Networked Society through education and the sharing and combining of expertise.
The team from the Kenan-Flagler Business School, University of North Carolina, Chapel Hill was awarded the top prize of $25,000. Team members included Jae Lee, Rohan Vaidyanathan, Christophe Renaud, and Maciej Dudek. The winning team took a holistic, two-pronged approach to closing the gaps in communication and access to information with their “Education Technology Platform” (ETP).
The remaining top four schools include Hong Kong University of Science and Technology in second place, Duke University in third place, and University of Southern California in fourth place.
“Ericsson believes that the Networked Society is not just about connecting devices, it’s about the power that is unleashed when everything is connected,” said Helena Norrman, Senior Vice President and Head of Communications, Ericsson, who was on hand to deliver the award. “At the core of this transformation is education, which can now be offered to people everywhere, regardless of social or geographical boundaries. The development of human potential within society as well as inside enterprises will change the world for the better. It was fantastic to take part in the thoughts, insights and ideas on the topic that the students brought into the final round,” she added.
John Chalykoff, Associate Dean at Boston University School of Management, said: “The competition brings together the world’s most respected IT-oriented MBA programs and creates an enthusiastic experience while advancing innovative ideas about real-world business issues, and nothing is more ripe for transformation than education.”
According to this year’s case author and Boston University School of Management Professor N Venkatraman, one of the most important challenges of the case was the need to devise a business strategy that would remove the physical limitations that often accompany education, and develop ideas to digitally spread educational opportunities to all members of society. “I believe that this year’s competition raised issues that are relevant and timely, not only for Ericsson as it delivers products and services for the networked society, but also for Boston University School of Management as we embrace and examine how technology influences the way we deliver management education.”
Schools competing in this year’s event included:
- Boston University School of Management
- Eller College of Management – University of Arizona
- Fuqua School of Business – Duke University
- Haas School of Business – UC Berkeley
- Harvard Business School – Harvard University
- Hong Kong University of Science and Technology
- IESE Business School – University of Navarra, Spain
- IPADE Business School – Universidad Panamericana, Mexico
- Kenan-Flagler Business School – University of North Carolina, Chapel Hill
- Marshall School of Business, University of Southern California
- McCombs School of Business – University of Texas, Austin
- Queen’s School of Business, Canada
- Richard Ivey School of Business – University of Western Ontario, Canada
- Saïd Business School – University of Oxford, UK
- Seoul National University, Korea
- Tuck School of Business at Dartmouth
Marketing & Communications Manager
Boston University School of Management
Kathy Lucas, 2008 graduate from the Executive MBA program at Boston University, discusses how the program’s international component has helped her career.
Rick Welch, EMBA alumnus, speaks about why he decided to pursue an Executive MBA at Boston University School of Management and how it changed his career.
Janice Dolnick, Director of EMBA, discusses the program’s distinguishing features.