Category: Academic Programs
Boston University School of Management’s EMBA Named a Top 25 Program in US by Bloomberg Businessweek
Boston University School of Management’s Executive MBA program ranked 30th globally and 24th nationally on Bloomberg Businessweek’s Best Executive MBA Programs list. This is a strong gain from the prior ranking in 2011, when the program placed in the second tier.
This biennial ranking measures graduate satisfaction with their EMBA experience, including teaching quality, curriculum, and support, as well as incorporates opinions from program directors of leading EMBA programs. Recent program graduates rated their Boston University EMBA experience 26th in the world, giving an A+ for curriculum. In addition, Boston University EMBA students are tied for the most work experience of any ranked school at 17 years.
“The Boston University EMBA program provides accomplished executives with a challenging, integrated experience that engages them in key forces transforming our global economy,” said Janice Dolnick, director of the EMBA program. “As our School celebrates its centennial, we are pleased to see this tremendous external recognition of the strength of the EMBA program and its students.”
This ranking of Boston University’s EMBA program, an 18-month program designed for high-achieving professionals, continues a trend of external recognition as the School enters its centennial year. Last month, the EMBA program was ranked 1st in New England by the Financial Times. Additionally, in July, EMBA was named 19th among US-based programs by the The Economist. For the Businessweek ranking, a survey of program graduates from 2009, 2011, and 2013 contributed to 65 percent of the ranking, with the final 35 percent stemming from a survey of program directors.
See the full list of rankings here.
Student work analyzed, celebrated
Senior editor of Fortune Ryan Bradley sat in on a recent case competition held by Boston University School of Management, which hosted teams of MBA students from around the world. The teams pitched ideas for a company that they believed would revolutionize health care—and earn them $22,500, plus the support of the event’s two hosts, Merck and Microsoft, to launch their startup. “Interested in seeing what bright MBAs-to-be were dreaming up as viable business solutions to different health care crises,” Bradley attended the competition, ultimately finding a theme within it: gamifying the system.
One of the many difficulties in treating chronic diseases is that one must adhere to a strict medical regimen and see it through to the end of its prescription. Chronic disease demands chronic medication. Taking medication is no fun, but the idea that it might be made a game is, at least, as old as Mary Poppins. The cost of not adhering to the full prescription of drugs is hundreds of billions of dollars in ongoing medical expenses, to say nothing of all the money lost by a drug manufacturer like Merck. At the BU case competition, the solution to patient recidivism wasn’t a spoonful of sugar but an app on your smartphone, an app that was, without fail, some kind of a game.
Bradley notes that the judges were not impressed by gamifying health care, as there is no guarantee that taking a pill can be fun, or that users can be trusted to enter accurate information, such as meals eaten or medication taken, into their smartphones. However, a clear winner finally emerged, touted by the Fortune editor as “startlingly different” and a “tangible solution to a real problem.”
A winner had to be announced by the end of day two, though I was growing weary and skeptical. How refreshing, then, when a team presented an idea startlingly different from all the others. It wasn’t a piece of software at all, but a backpack, filled with durable hardware (solar powered battery charger, lensless microscope, blood diagnostic tests, pulse oximeter) for collecting vital, and valuable, health data. The team was focused on collecting data from the developing world, where much of the population goes unrecorded, but the concept would work in the U.S., too, or anywhere else with people who have limited access to health services.
Read the full piece here.
The ranking represents a 17-spot jump for the School
Boston University School of Management’s MBA program rose 17 places to rank 44th among US schools on Forbes’ list of “The Best Business Schools.” This increase is the second largest gain of any ranked school.
This is Forbes’ eighth biennial ranking and is based on a formula that considers the return on investment for completing an MBA program. Using information from the class of 2008, Forbes compared alumni salaries upon entry to the MBA program, at graduation, and salary growth over the next five years. This information was then combined with the opportunity cost of pursing the MBA, including forgone salary and tuition, to determine a student’s return on their investment in an MBA education.
“Graduates of the class of 2008 were able to advance their careers upon completing the MBA program despite facing a harsh economic environment,” said Kenneth W. Freeman, Allen Questrom Professor and Dean. “Today’s leaders face disruption and transformation, and SMG develops graduates who are ready to tackle these issues, drive change, and lead.”
As the School celebrates its centennial, it continues to foster innovation across the MBA program, launching an enhanced curriculum in fall 2013. The new curriculum both exposes students to key forces transforming the global economy and provides for deeper disciplinary learning opportunities.
See Forbes‘ full story and list of rankings here.
SMG’s Mathematical Finance program climbs three positions in Quantnet rankings
Boston University School of Management placed 14th on Quantnet’s list of the top master’s programs in financial engineering in North America, which represents a three-spot jump for the School.
The School’s 17-month Master of Science in Mathematical Finance program received a total score of 78, with 100 being perfect, missing the 12th position by only a point. It placed 17th in the previous Quantnet ranking.
The program, which integrates practical domains of mathematics with an in-depth study of the theory and practice of modern finance, has become increasingly competitive, and recognizes that, within three months of graduation, 80 percent of students received job offers.
Quantnet, an online resource that provides information on education and careers in financial engineering, surveyed program administrators, hiring managers, and quantitative finance professionals in order to compile its rankings.
Boston University’s Executive MBA program has been ranked 1st in New England and 19th nationally for programs based solely in the United States by The Economist. BU placed 36th among all executive MBA programs in the world.
In addition, Boston University placed 10th globally for “Quality of Students” which is determined not only by student metrics, such as incoming work experience, but also includes a student assessment of their classmates. This is The Economist’s first ranking of executive MBA programs and is based on a diverse set of measures of student experience, half of which were influenced by alumni questionnaires of the most recent three classes.
“We appreciate that this ranking reflects the high levels of alumni satisfaction and achievement within their careers, as they are one of our most important stakeholders,” said Janice Dolnick, EMBA program director. “The BU Executive MBA continues to be a leading program in New England, and as our school celebrates our centennial we look forward to continuing to innovate to prepare our students for the critical challenges they face within their organizations and society.”
This ranking continues a trend of external recognition of the School of Management’s momentum as it enters its centennial year. The Executive MBA program at Boston University is built upon an innovative integrated curriculum that is increasingly valued by both students and employers. Residing within a leading research university, the BU EMBA program provides students exposure to leading faculty and pioneering research in areas vital for today’s leaders.
Read more about Boston University’s Executive MBA program here.
Full coverage of The Economist’s ranking of executive MBA programs can be found here.
Group of MBA students traveling to Sao Paulo, Belo Horizonte, and Rio De Janeiro
As part of the annual Brazil Field Seminar trip, a group of MBA students, led by Kristen McCormack, executive-in-residence, senior lecturer, and director of the Public & Nonprofit Management Program, is traveling around the country for two weeks this January to learn firsthand about issues of sustainability, social impact, and entrepreneurship. The group is also blogging daily from Brazil about their experience.
Thus far, the 2013 trip has included several unique company visits, including Cargill’s Food Innovation Center in Sao Paulo (Cargill is the largest privately held company in Brazil) and Estre, the largest and fastest growing waste management company in Brazil. The group also had an inspiring meeting with three microcredit clients, and spoke with former President of Brazil Fernando Henrique Cardoso.
Of the meeting with the former President, student Ben writes:
On Brazil’s current leadership, President Cardoso offered his opinion on current President Dilma Rousseff and her predecessor President Lula De Silva, both of whom are members of the opposition party, the more liberal workers party. President Cardoso is a supporter of business and believes that the current leadership is intervening too much. He described the popular Lula as a “pragmatic leader, who is flexible in his principles.” When asked what makes a great leader, President Cardoso said that what the world needs for great change are giants, and what makes a giant is not someone who imposes his will on the people but rather someone who can persuade others to agree.
We asked if he was pleased with his own accomplishments and with the future potential of Brazil. He said “We are making progress…my son and daughter will live better than myself.” He explained that Brazil truly can be a super power, with relatively strong growth, high exports, and huge economic potential, but the focus now needs to change from that quantity to quality: “Look at Denmark, it has a low GDP but a high quality of life.”
His final piece of advice, and my personal favorite quote of the meeting was: ”Be flexible in your behavior and be consistent in your principles.”
Pictured above is the 2013 Brazil Field Seminar group with Cargill staff at Cargill’s Food Innovation Center in Sao Paulo. Photo via the Brazil Field Seminar blog.
Management students learn and lead grant-making process
A team of seven Boston University graduate students awarded a $10,000 grant from the Highland Street Foundation to Housing Families Inc. on December 6 to improve the shelter’s technology infrastructure. “As part of the Strategic Fundraising and Corporate Philanthropy class,” said David Stolow, Faculty Director of the Public and Nonprofit MBA program, “the student team operated as a small foundation. They set priorities, designed an application and review process, and conducted in-depth site visits.”
The student team received initial applications from 21 shelter providers, and selected ten to submit full proposals, before choosing Health Families to receive the grant. The student team was composed of full-time and part-time MBA students, and a student from the BU School of Social Work. “The Public and Nonprofit MBA program emphasizes authentic projects. We challenge students to apply their rigorous management skills to address urgent and complex social issues,” said Stolow. “The philanthropy project exemplifies our approach and we’re grateful to the Highland Street Foundation and its Youth Philanthropy Initiative for its generous support of this project.”
In photo: Boston University students and Highland Street Foundation members present a check to Housing Families Inc, a local shelter.
On October 20, 2012, Executive MBA alumni, students, staff, and faculty reunited for the 25th anniversary celebration of the program. Nearly 150 attendees from 23 of the 25 past EMBA classes were present.
The evening kicked off with a joint case presentation by Professors Fernando Suarez and Nalin Kulatilaka on the merger of two Latin American airlines. The case was developed as an iBook, and provided alumni an opportunity to witness how the School of Management has integrated technology into the EMBA program.
Attendees then enjoyed a gala reception and dinner, where EMBAs reunited with classmates and heard from Allen Questrom Professor and Dean Ken Freeman, Executive MBA Director Janice Dolnick, and Associate Dean Mike Lawson. The evening also included a slideshow, featuring members from all 25 Executive MBA classes.
Photos by Kalman Zabarsky for Boston University Photography
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.
Boston University School of Management welcomes Dr. Ahmad Namini. Dr. Namini joins the School as Executive Director of the Mathematical Finance (MSMF) Program, effective July 16, 2012.
In this role, Dr. Namini will play a critical role in refining the Program, with a special focus on expanding industry connections, creating student internships, and fostering successful job placements. He will also work with Finance faculty to develop and implement strategies that will have a major impact on the future success of the Program.
Dr. Namini comes to the School with a wealth of experience in the financial services industry. He has worked with Deutsche Bank, the Fortress Investment Group and, most recently, with the Citigroup Global Markets in Hong Kong, where he was Head of the Quantitative Analytics and IT teams in the Emerging Markets Credit Trading unit. He is also a graduate of the Boston University Mathematical Finance Program, and has a PhD in Computational Mechanics from the University of Maryland. Previously, Dr. Namini has taught in the School’s Math Finance Program and advised students on corporate-world applications of mathematical finance.