Harvard Faculty Discuss Recent Chinese Tariffs, and More – Boston News
Let’s explore some of the most interesting stories that have emerged from Boston business schools this week.
Trade War or War of Words? – Harvard Business School Blog
Following the Trump administration’s recent announcement of 25 percent tariffs on 1,000 Chinese exports, Bill Kirby and Willy Shih, Harvard Business School faculty experts on China, took to the HBS blog to “trade theories on the best path forward for the world’s two largest economies.”
Both experts point to economic shifts in the 1980s, which, not incidentally, was the decade in which Donald Trump started to become a household name. Kirby notes that the major trade distinctions between the United States and Japan, specifically regarding the auto-manufacturing industry, set a precedent. In that, the United States began to firmly invest in Japanese car companies like Honda and Toyota, building their own domestic manufacturing plants. Kirby suspects, however, that the Trump administration may not be as open to that kind of investment. “If Chinese companies wanted to improve access to American markets by investing in the US, would the administration be open to it?” he asks. “They ought to be, in my view. But my suspicion is that that’s not the outcome that this administration is looking for. They’re looking for a miraculous recovery of American-based manufacturing exporting to a Chinese market, not a particularly good match.”
Shih, staying on the topic of the ’80s, offers a different opinion, saying; “I think the real issue is industrial policy on the Chinese side competing with a lack of industrial policy on the U.S. side and the consequences of that. Going back to the mid-1980s, the Chinese government has been mapping a pathway for the country to become a modern country (just as the Koreans, Taiwanese, and the Japanese did before, except on a much larger scale). The Chinese have identified core capabilities that they want to see inside the country, and they’ve been methodically working on that over the last 30-plus years. I’d argue the positive trade balance with the US reflects the progress they’ve made.”
You can read the full conversation between Kirby and Shih here.
An Easy Internship Trick from Kayla Humel ’18 – Simmons Blog
Current Simmons School of Management student body president Kayla Humel, ’18, wrote candidly about the impact of the Student Government Association (SGA) on her recent internship at Puma and future career plans.
“First and foremost, [SGA has taught me] the power of good communication. When the e-board is communicating with one another, event planning is exponentially easier. When SGA is communicating with organizations, processes like budgets occur seamlessly. Good communication is crucial to success in any organization.”
Humel threw her hat in the presidential race because she “saw opportunities to improve processes between SGA and the other organizations on campus. I knew that SGA could create change on campus and I wanted to play a major part in that.”
You ca check out more about her Simmons experience here and watch an interview with Humel about her internship below.
Wield Polarization to Build Positive Change – MIT Sloan Newsroom
MIT Sloan School of Management sustainability initiative director Jason Jay used his recent TEDx talk as an opportunity to share some strategic advice on how to more effectively spark difficult conversations. “The voltage feels so high that we simply avoid conversations out of fear of getting shocked. But I like to think about that polarization as a kind of energy.”
- Draw a contrast between what others might expect you to do and what you’re really trying to do.
- Clarify the values underlying your positions, and do the same with the people you’re talking to.
- Make it clear that you aren’t meeting simply to bargain over these values, but to embrace tension and find new ideas.”
You can check out Jay’s TEDx talk at Hofstra University below and learn more about his work here.
What are the Best Real Estate MBAs in Boston?
Despite episodic waves of unrest, real estate is a worthy investment. More importantly, real estate is a cornerstone of the world economy. The importance of understanding the intricacies and nuances of this complex field cannot be overstated.
In Forbes, Yolanda Barnes, who runs Savills World Research, said, “real estate is the pre-eminent asset class which will be most impacted by global monetary conditions and investment activity and which, in turn, has the power to most impact national and international economies.” For the B-school-bound, becoming fluent in real estate’s many facets can provide a valuable edge in nearly every area of business.
Below, we’ve laid out the best Boston real estate MBA options for those looking for careers in the industry.
Harvard Business School
It would be remiss to talk about business education in Boston without mentioning Harvard Business School. HBS is easily one of the most reputable business schools in the world. Forbes places the university in its top three “Best Business Schools.” For those pursuing real estate, Harvard MBA’s have access to the Harvard Business School Real Estate Club, which provides its members with opportunities for supplemental real estate education, training, and extensive networking. Harvard also hosts an annual Real Estate Weekend, wherein students can buy tickets to attend development workshops and fireside chats with industry experts.
F.W. Olin Graduate School of Business – Babson College
At Babson College’s F.W. Olin Graduate School of Business, MBA students can pursue the finance concentration, which offers several courses in real estate. Students can rake courses like Real Estate Financial Modeling, Real Estate Fundamentals, or Real Estate Development. According to recent Olin graduate employment statistics, 10 percent of the 2017 MBA class landed jobs in real estate. This number may not seem overwhelming, but it dwarfs the percentage seen in many MBA programs (usually about two to three percent).
Sloan School of Management – MIT
MIT’s Sloan School of Management offers an MBA that incorporates real estate education. Though the school also offers an MS in real estate development (MSRED) for those more focused on earning a degree in real estate than an MBA, the MBA finance track offers a different set of advantages. This track zooms in on the finance-related areas of real estate, such as investment, urban economics, and housing economics. The MBA real estate courses zero in on the financial component of the industry and the core MBA courses also help students build a broad foundation in business. MBA students pursuing a certificate in finance can take courses like Real Estate Finance and Investment and Real Estate Capital Markets.
Top Employers in the Boston Metro
Whether you’re pursuing your MBA in Boston, or planning a relocation there during or after you earn your degree, the city’s job market bursts with opportunity.
Statistics published recently by Boston College’s Carroll School of Management show that the average total compensation for an MBA grad topped $100,000, with a majority of hiring taking place within the financial services industry. Here is a look at some of Boston’s hottest jobs in that field, along with several others.
