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Sloan Student Creates High-Tech Luggage
Brian Chen, Sloan School of Management MBA ’16, is the founder of Bluesmart, a new high-tech luggage company. Bluesmart’s carry-on suitcase comes with location tracking, a digitally controlled lock, a built-in scale, a proximity sensor, and a battery for charging electronic devices.
Bluesmart was founded in 2013. The company grew out of a conversation two Argentinian entrepreneurs had over coffee one day in New York. Chen knew one of the two from working at Endeavor, a nonprofit that supports entrepreneurs in emerging markets. He soon found himself on a team of five working to develop a smarter suitcase. Bluesmart launched a crowdfunding effort in October through Indiegogo and the company has already raised $1.7 million.
Cass Business School Survey Paints Picture Of New Pension World
A majority of UK employees now expect to keep working beyond the age of 65 – or so says a new poll.
More than half of the 2,000 members of defined contribution (DC) schemes, interviewed in a nationwide survey conducted by YouGov, Aon Hewitt and Cass Business School, conceded they will work past age 65. Almost one in 10 claimed they will work into their 70s, while one in 50 said they will never retire.
Most workers also expect to draw a pension of less than half their salary, consigning the old expectation of two-thirds to history. The greatest number of people – nearly half – believed their pension pot will be between 21 and 50 per cent of their salary.
The shift in employee attitudes portrays a new sense of realism among employees about their retirement prospects.
“Members of employer sponsored DC schemes have grasped the harsh realities of the 21st century pensions world,” said the report’s co-author, Professor Andrew Clare of Cass Business School.
Other study findings, however, indicate that there are reachable solutions for addressing these issues. Said Sophia Singleton, DC Partner at Aon Hewitt: “Taken together, our survey reinforces the message for employers and trustees to engage more with their scheme members. Employers should consider providing tools to guide members with their pension choices, while trustees should consider how they could provide guidance and education.”
Click here for more detailed findings from this report.
Booth Alumnus Alvarez named CEO of Large Spanish Bank
Jose Antonio Alvarez, a member of Chicago Booth’s inaugural Executive MBA Program Europe class in Barcelona in ’96, has been named CEO of Banco Santander. Previously Alvarez held the position of CFO at the Spanish banking giant for more than a decade. His new appointment and role takes effect on the first day of the New Year. Continue reading…
Bauer Begins “Inspiring Minds” Series with Make-A-Wish Foundation CEO
University of Houston’s C.T. Bauer College of Business launched a new lecture series called “Inspiring Minds.” The series– held twice a year in the spring and fall– will be centered around a CEO, inventor, entrepreneur or political leader who is doing something inspiring on a national or international level. The lectures are open to Bauer students and alumni as well as to community members; a full description can be found in the school’s recent press release.
The first speaker in the series was Make-A-Wish President and CEO David Williams. Williams, a Pennsylvania native, moved to Houston in the early 1980s to pursue a career at Shell Oil Company. He left Shell 1983 to join the Houston Food Bank where he stayed for 11 years before moving on to Habitat for Humanity International. Continue reading…
Wharton SF Holds Entrepreneurs Summit
Wharton San Francisco will be holding the Entrepreneurs Summit. The summit will be held Dec. 10, 2014. The event will provide attendants with an outstanding educational experience combined with one of the best networking opportunities for entrepreneurs.
During the event, industry leaders will participate in three panels, speeches and breakout sessions that address issues affecting early stage, growth stage and industry leading entrepreneurial companies. Those who should attend the event include, current and prospective entrepreneurs, angel and venture investors, managers at emerging growth companies, lawyers, accountants and consultants working with entrepreneurs at all stages and board members and advisors.
Cambridge Judge Study Highlights Importance of Innovation in R&D Spending
A new study published at Cambridge Judge’s Centre for Business Research says that a renewed focus on innovative research and development spending by major UK departments would create new export-oriented industries and help re-balance the economy.
In past decades, many vibrant UK technology industries including semiconductors emerged from R&D spending at the Ministry of Defence (MOD) and other departments, and future R&D spending should seek to recreate such a pipeline of innovation, says the 65-page report, entitled “Creating markets for things that don’t exist”.
Continue reading…
Study Finds Culture in the Banking Industry Favors Dishonest Business
According to a new economic study from Chicago Booth postdoctoral scholar Alain Cohn and Ernst Fehr and Michel André Maréchal, both of the University of Zurich, business culture in the banking industry implicitly favors dishonest behavior.
“Business Culture and Dishonesty in the Banking Industry,” published in the journal Nature, asks these questions that formed the basis for the study, which found that bank employees are in principle not more dishonest than their colleagues in other industries:
Are bank employees by nature less honest people? Or does the business culture in the banking sector favor dishonest behavior? Continue reading…
Drucker Hosts Webinar on Application Process
The Drucker School of Management will be hosting a webinar on the Drucker MBA application process. The webinar will be held Nov. 24 at 9 a.m. to 9:30 a.m. This webinar is for prospective students of both the full-time and part-time MBA programs.
Applications for the MBA program at the Drucker School of Management are processed on a rolling admission basis. There are priority application deadlines for the Full-Time MBA program. Prospective students should apply by the priority deadlines to receive greater fellowship consideration.
Kellogg Alumni and Professor Match Startups With Companies
This article was originally sourced from the news piece “The Matchmakers” on Kellogg’s news and events page.
Innovators Connection, the Kellogg School of Management team that honors Chicago innovators, is supporting the Chicago startup community by connecting established business leaders’ problems to local startups that might have the solution.
“Startups have a hard time getting the ear of big companies. They may not have a lot of credibility, or know who to talk to,” Luke Tanen ’14 said. “It makes sense to bridge these two worlds. You can think of what we’ve created as a matching program.” Continue reading…
Masters in Finance and Management
Cranfield University Masters in Finance & Management Program Structure
The Cranfield University Masters in Finance and Management is a one-year full-time program and is delivered over the course of four terms. The first term begins in September. The last term ends in the following September with the completion of a thesis.
Curriculum
There are pre-session courses required for those students who do not have a background in finance or management. These courses are Introduction to Accounting, Statistics and Basic Finance. All students are required to attend the Statistics and Finance lectures as part of their orientation week.
The first and second terms cover 10 core courses that cover finance management related topics. The third and fourth terms consist of four elective courses and the writing of a final thesis.
All of the courses offered are taught with an emphasis on real-world challenges. Students will learn through case studies, participative exercises, interactive lectures, group projects and sessions led by industry speakers.
The thesis is a major research project that gives students the opportunity to gain hands-on industry experience and make a real difference in a financial environment.
Class Profile
The Cranfield University Masters in Finance and Management is designed for both recent graduates looking to develop their knowledge of finance and management before starting their first professional role and for individuals who already have work experience in the area of finance or management and are looking to move ahead in their careers. The most recent class features 90 students, 42 percent of which are women. Average student age was 24, and 18 nationalities were represented.
Career Statistics
The Cranfield Career Development Service offers resources to assist alumni in finding employment. About 95 percent of School of Management students are typically employed within three months of graduation.
Tuition, Scholarships, and Financial Aid
The tuition fees for the Cranfield University MSc in Finance and Management is £23,000 and £25,000 for international students. A non-refundable deposit of £1,000 is due when acceptance of a place in the program is made. The remainder of the tuition fees are payable either before, or on the day of registration, which is the first day of orientation week.
There are a limited number of scholarships and bursaries available for students who qualify. Those who wish to be considered for these scholarships should indicate so in the financial details section of the application form.
There is also a CFA Program Awareness Scholarship available for those students who plan to take the CFA Program exams. Students who choose this option will receive revision support from faculty ahead of sitting the first examination in term three of the course. They will then sit parts two and three of the qualification after completing the Masters course.
Admissions
There is not a cut-off deadline for applications for this program. All documents, including transcripts, degree certificate, GMAT/GRE scores (if taken), two references and English language test scores (if applicable), must be submitted before the application will be processed.
Once the application is processed, an email will be sent for results or for a request for an interview. If an individual is successful in admission, a letter of confirmation will be emailed in order to secure their place in the program. The deposit to reserve their place in the program is due at this time.
Application deadlines are as follows:
September 2020
Feb. 28, 2020 (China Applicants)
July 31, 2020 (Visa-required Applicants)
There is no set deadline for UK/EU students currently.
Masters in Management
London Business School Masters in Management Program Structure
The London Business School Masters in Management program is for recent graduates who have less than one year of full-time postgraduate corporate work experience or less than two years of experience in a non-traditional business role who wish to build a strong business foundation.
The program has been offered as a one-year full-time program since its beginning, with the two-year Global Masters in Management Program began in September 2015.
Curriculum
The one-year London Business School Masters in Management program is taught over the course of three terms. Terms run from September to December, January to March and April to June. The official course end is in the following September, after the September Exam Board is completed.
The program requires students to take core courses and electives. The core courses include a wide range of fundamental knowledge and skill areas. Students also have the option to develop a personal development plan tailored to their specific learning needs. Workshops include networking and presentation skills, Excel skills, creative thinking, and time management.
Class Profile
Between the MiM and the Global MiM, the class of 2019-20 consisted of 251 total students. About 45 percent of the last class identified as female. The class is represented by 45 total nationalities. Those entering the program have an average GRE quants score of 164 and an average GRE verbal score of 158.
Career Statistics
Ninety-six percent of students in the MiM and Global MiM programs receive a job offer within three months of graduating with an average base salary of £42,118.
Tuition, Scholarships, and Financial Aid
Tuition for the London Business School Masters in Management program is £32,500.
Students who are accepted to the Masters in Management program are required to pay a Commitment Fee of £1,500 (within approximately three weeks of their offer for admittance) and then a Reservation Fee of £6,000 (within approximately six weeks of offer). Both the Commitment Fee and the Reservation Fee are non-refundable and will be deducted from the total tuition fees. The student associate fee is an additional £120.
Tuition and other fees will not cover the cost of living accommodations or textbooks. Students should also be advised that a laptop computer is also required for the program.
Admissions
Applications for the LBS Masters in Management program must be completed online. Hard copies of the application and other supporting documents will not be accepted. The one-time nonrefundable application fee is £95.
In order to have their application considered by admissions, prospective students must complete and upload the following documents to the application website: Online application form, essay questions, CV/resume, undergraduate degree equivalent to a UK 2:1 or above (or expected grades if their degree is not yet completed), GMAT (range of 600-800)/GRE scores, IELTS, TOEFL, Cambridge CPE, CAE, or PTE Academic score (if applicable), and two references (academic or professional).
Students are also required to pay the application fee before an application will be considered for admission.
Once the application process is completed, applications will be reviewed and approved students will be given an interview date. After the interview process, applicants will be given an admissions decision.
Application deadlines are as follows:
Jan. 8, 2020
March 4, 2020
April 22, 2020
Start Up Spotlight: Kellogg Alumni Launch Bloominous
This article was originally sourced from “Start Me Up: Songhua Hu ’10 and Richard Lim ’10,” part of Kellogg’s “Start Me Up” series, which spotlights members of the Kellogg community who are putting their entrepreneurial visions into practice.
While working as General Manager for a large floral wire-service, Kellogg School of Management alum Richard Lim developed relationships with his flower distributors. These relations evolved into close friendships, so much so that one of Lim’s distributors offered to supply all of the flowers for Lim’s wedding for free. Continue reading…
Stern Center for Biz and Human Rights Writes to Obama Admin.
The directors of the Center for Business and Human Rights at the New York University Stern School of Business wrote to President Obama after his administration announced that it would begin the process of writing a national action plan to examine the impact of business on global human rights. In a letter to President Obama, the authors urged the administration to look closely at certain sectors that are at particularly high risk for human rights violations including information technology, private security contracting and extractives and mining.
The letter also called for the U.S. Agency on International Development (USAID) to consider its role in assisting U.S. companies looking to protect human rights in the global supply chain.
Zicklin to Hold Info Session for Healthcare MBA
Zicklin School of Business is offering an Information Session specifically for those interested in the Baruch College MBA in Healthcare Administration Program. The information session will be held October 21, 2014 from 6:00 p.m. to 7:30 p.m. at the Baruch College Vertical Campus.
The Baruch College MBA in Healthcare Administration Program is dedicated to the graduate business education of practicing professionals in the healthcare industry. The Program is the only one of its kind in the metro New York City region, is accredited by both CAHME and AACSB. It seeks to advance student knowledge in essential business disciplines and to instruct students in the application of this knowledge to managerial issues in healthcare.
Anderson to Hold Creativity and Innovation Seminar
UCLA’s Anderson School of Management is holding a Creativity and Innovation Seminar. The program is for chief officers of global concerns, leaders of corporate functions across the enterprise, rising executives and entrepreneurs. The seminar will be held Oct. 27-31, 2014.
The Creativity and Innovation in the Organization seminar prepares attendants to foster a creative mindset across their enterprise and to exploit uncertainty and chaos to unleash powerful ideas that drive results. The program is the brainchild of the incomparable Moshe Rubinstein, who, in 2000, was named one of the Top 20 Professors of the Century at UCLA. It aims to immerses participants in comprehensive insights, frameworks and tools on how to ignite innovation that drives results.
Professor Profile: DePaul’s Molly Mercer
Molly Mercer started teaching at DePaul in 2009. Since then “making a difference in someone’s life” is what has motivated her to do what she does. Her commitment to her students are one reason why she continually gets high marks from her students, along with her energy in the classroom and the personal interest she shows toward promoting their success. Continue reading…
Columbia Alum Shares Advice for COOs
Columbia Business School alumnus Alexander Tuff ’03 discusses five key concepts every Chief Operating Officer should know. The article, written by Tuff, was featured in the Alumni Magazine of Columbia Business School. Tuff is the chief operating officer and head of strategy at Winged Keel Group in New York City.
Tuff begins his article with an explanation of how he was determined to acquire the skills necessary to become and efficient leader. After being appointed to his first leadership role as COO of risk at CIT Group, he realized that there was not a lot of information on how to be a successful COO. Only through experience was he able to learn what was necessary to be successful in the role of COO at any company. He explains that there are guiding principles to follow to help ensure success.
President Obama Addresses Kellogg Students
This article was originally sourced from “Obama to Kellogg: Business is the Future,” a news piece on Kellogg’s news & events page.
President Barack Obama addressed an assembly of Kellogg School of Management students, telling the students that they, the business leaders of tomorrow, are the key to a strong economy and encouraged them to pursue mindful growth. “There is a reason why I came to a business school instead of a school of government,” Obama said. “I actually believe capitalism is the greatest force for prosperity and opportunity that the world has ever known.” Continue reading…
