Stanford Finds Link Between Stress, Time and Money
Stanford’s Graduate School of Business recently debuted new research from professor Jeffrey Pfeffer (no relation), Haas-Berkeley professor Dana R. Carney and UCLA Anderson School of Management professor Sanford DeVoe, which demonstrates the often harsh effects of time-money awareness can have on stress levels.
Anxiety Persists for MBAs Despite Court Rebuke of Immigration Ban
Last week, a three-member panel of judges from the U.S. Court of Appeals for the Ninth Circuit refused the Trump administration’s call to reinstate a ban barring the entry of all refugees and visitors from seven predominantly Muslim countries into the United States. Although the case could still advance to the Supreme Court, yesterday’s ruling means that, for now, the executive order signed by President Donald Trump two weeks ago remains unenforceable.
That’s good news for international students from the affected countries, some of whom were detained at airports attempting to return to campus from overseas travel, others of whom were forced to cancel plans to leave the United States for fear they might not be allowed back in.
States Cite Harm to Higher Education as Major Reason for Opposing Ban
In affirming that the states of Washington and Minnesota had legal standing to bring the case against the immigration ban, the appellate judges specifically cited the ban’s injurious impact on the states’ public universities.
An excerpt from the ruling:
“Specifically, the States allege that the teaching and research missions of their universities are harmed by the Executive Order’s effect on their faculty and students who are nationals of the seven affected countries. These students and faculty cannot travel for research, academic collaboration, or for personal reasons, and their families abroad cannot visit. Some have been stranded outside the country, unable to return to the universities at all. The schools cannot consider attractive student candidates and cannot hire faculty from the seven affected countries, which they have done in the past.”
Citing the new court precedent, the judges argued that schools can assert the rights of their students. “The interests of the states’ universities here are aligned with the students. The students’ educational success is ‘inextricably bound up’ in the universities’ capacity to teach them,” the ruling says. “And the universities’ reputations depend on the success of their professors’ research.”
Of course, these concerns were not limited to public universities in the states of Washington and Minnesota. Indeed, as reported here, business schools around the nation were quick to decry the executive order on precisely those grounds. In the days immediately following Trump’s January 27 executive order, deans from Harvard Business School, UC Berkeley’s Haas School of Business, the University of Michigan’s Ross School of Business, the University of Pennsylvania’s Wharton School, NYU Stern School of Business and Columbia Business School, among others, spoke out strongly in opposition to the immigration ban while pledging to support their own affected students.
Global Business Education Is Best Antidote to Economic Nationalism, Say Business School Deans
Earlier this week, the Global Network for Advanced Management, a group of 29 international business schools committed to advancing innovation through global exchange, issued a statement in opposition to the current rise of populism, economic nationalism and anti-globalization rhetoric, noting that the global economy is more interconnected than ever before, making global exchange and engagement more important than ever.
Excerpt from the Global Network letter:
“As deans of Global Network member schools, we recognize that the fundamental drivers of global business are not changing. Technology will continue to advance and disrupt markets and societies, and the transfer of innovations and expertise across borders will continue. We believe that countries that retrench will harm themselves and their citizens. Therefore, we redouble our commitment to collaborative learning across countries and cultures, and to gain and leverage the insights of the best and brightest throughout the world. In this way, we continue to improve educational outcomes and professional development of our students, deliver innovations that benefit business and society, and contribute to a better world.”
This letter carried the signatures of deans from Haas, HEC Paris, INSEAD, Oxford’s Saïd Business School and Yale School of Management, among many others.
In the wake of the executive order, Haas Dean Richard Lyons received a letter signed by more than 1,000 Haas MBA students requesting that he reach out to deans of other business schools to speak out jointly against the executive order. He responded early last week to the Haas community that he had done just that.
Heightened Anxiety Persists
Despite yesterday’s ruling, business schools have encouraged their international students to exercise caution with regard to planned travel outside of the United States. “The temporary restraining order, which halted the enforcement of certain provisions of President Trump’s executive order banning foreign nationals from seven countries from entering the U.S., remains in effect after a decision by the 9th Circuit Court of Appeals,” read a notice posted today on the Harvard International Office (HIO) website. “Despite this ruling, the HIO continues to advise foreign nationals from the seven restricted countries (Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen) to exercise caution and discuss any travel plans with their HIO Advisor when considering travel outside the United States.”
This is because future court rulings could reinstate the ban, in which case foreign nationals from those countries most likely would not be admitted or readmitted to the country.
Next Year’s International Enrollment at U.S. Business Schools in Question
It remains to be seen what type of impact this uncertainty may have on international enrollment at U.S. business school’s next year. As of this writing, most business schools we reached reported that, thus far, international application volume had not been impacted.
“International application volume in Round 2 was identical to last year,” says Haas Assistant Dean of the full-time MBA Program and Admissions Peter Johnson. “Since our Round 2 deadline was in early January, it was after the election and before the recent executive order. If there is any direct impact from these events, it will likely be seen in the enrollment patterns of admitted international students, in our program and in other MBA programs across the country.”
Concern about the current administration’s policies and their impact on international students has been widespread. “The uncertainty and anxiety surrounding changes in visa and immigration regulations is affecting all international students, not only those from the countries included in the recent executive order,” says Johnson. “We have had questions ranging from ‘Will this impact my chances of admission?’ to ‘Will I be able to do an internship in the U.S.?’”
Johnson confirmed that Haas has no plans to alter its admissions process and will continue to offer spaces in its class to top candidates regardless of their country of origin. “We are committed to maintaining a diverse and inclusive environment, and international students and faculty are an important part of our community and the educational experience of all students,” he pledged.
HBS Managing Director of Admissions and Financial Aid Chad Losee made a similar pledge in a post to his Director’s Blog earlier this week. In it, he reaffirmed the school’s commitment to assembling a diverse class of leaders who will make a difference in the world, wherever they come from. “The recent U.S. executive order restricting travel to America for citizens from certain countries does not change this, nor are we changing our admissions policy or practices as a result,” he wrote.
This article has been edited and republished with permissions from Clear Admit.
Top Finance MBAs in San Francisco
When it comes to business, San Francisco is probably one of the first cities that comes to mind when one thinks of entrepreneurship or information technology. Nonetheless, students looking to pursue an advanced degree in business below the Golden Gate Bridge have a number of paths to choose.
Every startup needs someone who can crunch the numbers, and that’s why MBAs with a finance background can find endless opportunities out west. If you’re looking to pursue a Finance MBA in San Francisco, we’ve rounded up some of the best programs to get your finance career underway.
Edward S. Ageno School of Business – Golden Gate University
The Edward S. Ageno School of Business at Golden Gate University gives students the opportunity to earn an MBA with a concentration in finance. This analytical graduate concentration helps MBAs to prepare themselves for a wide range of careers- from consulting to corporate management and more. Through the study of finance, these MBA students will gain the skills necessary to maintain the financial well-being of their organization in a competitive global market. The unique approach to a finance education at GGU involves a combination of theoretical study with hands-on experience, utilizing the university’s real-life case studies and state-of-the-art computer labs to give each student a strong business foundation.
MBAs concentrating in finance will still have the opportunity to advance their general business and leadership skills through other aspects of the MBA program, including interaction with a highly experienced faculty made up of business professionals. Since the establishment of the MBA program, GGU has been a leader in providing flexible education opportunities for students to earn their degree at their own pace.
Haas School of Business – UC Berkeley
The finance group at Berkeley-Haas aims to be at the center of the business world within entrepreneurship, finance and technology. Through strong investment banking roots, the program focuses on a range of fields, from healthcare/biotech to seed investing and innovation financing. The finance curriculum at Haas includes three main streams: Corporate Finance, Asset Management and Entrepreneurial Finance. MBA students also have the option of taking additional quantitative courses from the university’s Master of Financial Engineering Program.
Students earning an MBA in finance at UC Berkeley’s Haas School of Business have the chance to join an extensive network of Haas alumni in financial centers around the country. With the support of alumni and the state-of-the art finance education at Haas, students have moved on to full-time jobs at companies like Morgan Stanley, JP Morgan and Goldman Sachs.
UC Davis Graduate School of Management
The MBA program at UC Davis allows students to create a customized educational experience ta a top ranked school. The full-time MBA, which has placed as a top 50 MBA program by U.S. News & World Report for 21 consecutive years, focuses on experiential learning, technical skills and leadership training. The Davis MBA environment is based on collaboration and developing relationships with both fellow students as well as a world-class faculty.
UC Davis offers a number of self-guided concentrations including Finance/Accounting, the “study of how financial assets are created, traded and valued.” The finance concentration at Davis allows students to focus on either corporate finance or investment management. Finance MBAs at Davis have pursued career paths in a wide variety of fields, including insurance, investment banking, security analysis and portfolio management.
University of San Francisco School of Management
The full-time MBA at USF is an immersive 22-month program, focused on delivering world-class content from an experienced faculty. With small classes of just 20-30 students and a diverse student body from around the world, the MBA at USF focuses on each student’s career goals and the best way to achieve them.
Students in the full-time and part-time MBA programs at USF can choose to focus on either a Corporate Finance or Financial Services path. Each elective within this program serves to guide and promote success in the student’s chosen course.
UC Berkeley Professor Researches “Soft Power”
A UC Berkeley Haas School of Business professor recently published his research on “soft power” which is the phenomenon of global influence in the form of pop cultural assets. It is in contrast to “hard power” which is a country’s military or economic might.
Professor Andrew Rose, who holds the Bernard T. Rocca, Jr. Chair in International Business & Trade, asserts that soft power can increase the exporting power of countries that wield it. The study is entitled Like Me, Buy Me: The Effect of Soft Power on Exports. Rose conducted his research over a seven year period ending in 2013.
Haas School of Business Grants Seed Money to Student Entrepreneurs
UC Berkeley’s Haas School of Business awarded the first round of grants in a new program that intends to inspire student entrepreneurs to grow early stage startups.
The Berkeley Haas Entrepreneurship Program (BHEP) awarded these first ten grants in December 2015, and the next round will be bestowed in April 2016.
Haas School of Business Honors Distinguished Professor
The Haas School of Business at the University of California, Berkeley recently graduated 69 students from its Executive MBA program.
Held at the school’s Zellerbach Hall, the ceremony was attended by about 450 people, and was presided over by Dean Rich Lyons. Continue reading…
