News Roundup: UVA Darden Ranks First in Student Satisfaction, and More
Let’s take a look at some of the biggest stories from this week, including UVA teachers earning high honors.
Accolades: Students Rate UVA Darden No. 1 for Inspiring, Supportive Professors– UVA Today
UVA’s Darden School of Business has received top overall ranking from Bloomberg Businessweek in teaching.
The publication surveyed more than 10,000 Class of 2018 business students from 126 different schools. Darden achieved a perfect score of 100 based upon the survey prompt ‘My Instructors Were Inspiring and Supportive.’ Both The Economist and The Princeton Review have given Darden top ratings, the former for “Which MBA 2018?” and the latter for “Best Professors.”
In Bloomberg‘s survey, Darden also made the top ten in two categories: “My Education Inspired Me to Pursue an Ethical Career” (7th) and “Courses Were Taught By the Right Mixture of Academics and Business Professionals” (9th). You can read here for more on UVA Darden’s top rankings.
NYU Stern Executive Education to Host SRW & Co.’s 2020 ASEAN Global Leadership Program in NYC – NYU Stern News and Events
NYU Stern’s Executive Education division will host consulting firm SRW & Co for The Association of Southeast Asian Nations’ (ASEAN) Global Leadership Program from April 13 – 17, 2020.
The program came to Stern last year for the first time since its inception in 2009. Since then, it has been held at leading business schools across the U.K, China, and the U.S. This year, the program will be based around four themes: Globalization; Analytics; Leadership; and Innovation. Attendees will be executives from both the public and private sectors in a wide cross section of industries.
Raghu Sundaram, Dean of NYU Stern, says of the event, “The Stern School has a rich legacy of transformation, harnessing the dreams and energy of New York City and the world beyond, to open new horizons, create new networks and spark new ideas. We look forward to a week full of thoughtful discussion and a lively exchange of ideas with the participants and our faculty … we’re delighted to host this group of esteemed senior executives from South East Asia in April 2020”
Attendees to the program will participate in a combination of experiential learning modules, team building exercises, and discussions with leading Stern faculty. Read here for more on the ASEAN, SRW & Co., and the upcoming conference.
Penn State Smeal Announces Promotions in Academic Rank– Penn State Smeal News
Effective July 1, 2019, five members of Penn State Smeal College of Business‘ faculty received promotions for the current academic year.
Jess Cornaggia, Ph.D. specializes in corporate finance, financial intermediation, credit ratings, and household finance. She has been promoted to Professor in the Department of Finance. Srikanth Paruchuri, Ph.D. will be promoted to professor in the Department of Management and Organization. Parachuri’s work focuses on the evolution of entrepreneurial ideas and innovation, along with the research and development of new technologies.
Smeal announced its newest internal teaching promotions, with many notable faculty members earning a much-deserved title boost.
Matthew Gustafson, Ph.D. has received tenure, along with a promotion to associate professor in the Department of Finance. His research focuses upon personal finance, regulatory issues in finance, and capital raising. Anh Le, Ph.D., who is an expert in the area of fixed income, also received tenure and a promotion to Associate Professor in Finance.
Zhongyi Yuan, Ph.D. was promoted to associate professor in the Department of Risk Management, and he also received tenure. His research specialties are rare event simulation, catastrophe risk modeling, extreme value theory, and insurance-linked securities. For further information on the new faculty, read here.
Class of 2019 Encouraged to Find Their Voices and Make a Positive Impact on the World – UCLA Anderson News and Events
UCLA Anderson celebrated 2019 Commencement last month to celebrate the full-time, fully-employed, and Executive MBA classes, along with those completing their doctoral degrees.
Interim Dean Al Osborne, along with several other speakers, challenged the students to create social impact and to work to affect change where it is needed.
“If you listen and you work, I think there’s a chance for good to overcome evil. I want you to be the best versions of yourselves over time, become powerful [and] courageous. Use your voice—your identity, presence—and the courage to speak truth to power. If there were ever a time people needed to have voice, it is now.”
Bernard J. Tyson, Chairman and CEO of Kaiser Permanente, gave the keynote address, in which he encouraged the graduates to act as agents of change.
“I say to you today, never are the opportunities greater than right now for you, individually and collectively, to follow through on the promises you’ve made to all who are counting on you, whether they know it or not,” he said. As he has exhibited through his tenure at Kaiser, Tyson conveyed the sense that success must not only benefit individuals and organizations, but communities and families as well.
You can read here for more excerpts from the 2019 Commencement speeches.
The Power of Counter-Offers – University of Delaware Lerner College News
New research from professors of management at the University of Delaware Lerner College of Business and Economics has revealed important conclusions about the nature of negotiation.
John Sawyer and Dustin Sleesman’s article, “The power of phantom alternatives in negotiation: How what could be haunts what is,” which was co-authored by researchers from Southern Methodist University, was recently published in the journal Organizational Behavior and Human Decision Processes.
The study’s focus was the influence of ‘certain’ versus ‘phantom’ alternative to a negotiated agreement, and how each side in a negotiation behaves in the event of such alternatives. The example of a job seeker was used to illustrate the point. After interviews with two different companies (‘Companies A and B’), the job seeker receives an offer from Company A. Though Company B has not yet offered a position, the seeker behaves as though they have. The power of this ‘phantom’ alternative on a larger organizational scale was the subject of the study.
Sleesman explains:
“I teach this idea when it comes to approaching questions that you may be asked during a negotiation. Your counterpart may try to discern how much power you have by asking if you have a good alternative to their offer. As soon as you say, ‘I don’t have any other offers,’ you give away power. By stating that you might be receiving an alternative in the near future, you both answer honestly and preserve negotiating power.”
For more on the team’s research, read here.
The New Loyola Marymount Campus, UCLA on Cultural Saving Habits, and More – Los Angeles News
As we head into the final stretch of 2018 and the holiday season, we highlight some of the biggest stories coming out of the Los Angeles business school scene.
LMU Los Angeles Expands New Campus Offerings – Loyola Marymount News
2018 saw several significant changes at Loyola Marymount University’s College of Business Administration, laying groundwork for even further future expansion.
A new Dean, Dr. Dayle Smith, began his tenure in June, and the school also welcomed Joe O’Hannigan, Associate Dean of Graduate Business programs. In August, the EMBA’s Playa Vista Campus at Silicon Beach opened to the wider campus and community as a hub for graduate and professional education. In 2019, LMU will continue to increase its business school programming at Playa Vista.
“Being in the middle of the action makes us an even more attractive educational partner, and it also allows us to help influence the ideas and innovations that are emerging from Silicon Beach” Dean Hannigan says.
Among the new business degrees will be masters of science in business analytics and management, in addition to a variety of executive education certificates in film; leadership skills in the modern workplace and nonprofit management.
You can learn more about the recent Loyola Marymount University College of Business Administration changes here.
UCLA Anderson Professor on the Savings Habits of Immigrants – UCLA Anderson Review
UCLA Anderson Professor of Economics Paola Giulano, along with colleagues from the London School of Economics, recently published research on the savings habits of immigrant communities.
When individuals leave home, the team asked, what happens to the way that they save their money in the destination country? After observing 40,000 households in the United Kingdom, one of the largest destinations worldwide for immigrants, the team came up with a number of scenarios.
Basing their discoveries on total amount of monthly savings; tendency to save; and the degree to which wealth either changes or not over a period of time, the team revealed that families who saved in their home countries tended to save more across generations when they arrived in the UK. At the higher end of this scale were China and Ireland, and at the lower-saving end were Uganda and Pakistan.
You can read more about the team and their research here.
Graziadio Climbs Ten Places in Bloomberg Rankings – Graziadio News
Pepperdine University’s Graziadio School of Business rose ten places in Bloomberg Businessweek‘s 2018 list of best business schools to 65th overall.
Dean Deryck J. van Rensburg said of the elevated standing, “Considering there are nearly 2,000 business schools globally, to be ranked in the top 65 sends a clear message to high-achieving professionals that we are delivering positive outcomes, both on-site and online, for our students.”
Pepperdine Graziadio jumped 10 spots on the newest Bloomberg Businessweek rankings for 2018.
Graziadio is also a leader on Bloomberg‘s list of entrepreneurship programs, ranking 13th in the U.S. and 16th globally. The Princeton Review also gave Graziadio a nod, ranking it the 14th best online MBA and the 7th best on the ‘Greatest Resources for Minority Students’ list.
“The continued recognition as one of the country’s finest institutions for business education is driven in part by our core values of integrity and innovation, as well as our desire to shape leaders that drive meaningful, positive change in their global organizations and communities,” van Rensburg says.
Stanford GSB Tops Remodeled Bloomberg Businessweek Ranking
The Stanford Graduate School of Business is no stranger to a top spot, but this is their first time claiming top honors on the Bloomberg Businessweek Best B-School list for U.S. programs.
