Temple Fox Axes Online MBA Director After Rankings Fallout
Weeks after the Temple University Fox School of Business announced the forced resignation of its long-time Dean Moshe Porat, reformed to its approach to its ranking system, and the hiring of Interim Dean Ronald C. Anderson, the Philadelphia metro business school has announced the departure of its Online MBA Academic Director Darin Kapanjie.
Kapanjie, according to The Philly Inquirer, has been officially replaced by Fox Assistant Professor of Finance Bora Ozkan. The news was officially revealed by Anderson in a faculty-wide email, but it was not confirmed whether Kapanjie was forced to resign or not.
“Kapanjie said it was a joint decision for him to leave the leadership position. ‘Given recent events, we felt it was best,’ he said.”
Kapanjie, speaking with the Inquirer, maintained that he “did not have anything to do with the misreporting of data,” in regards to the fallout with U.S. News & World Report.
Anderson, in the email, emphasized the inclusion of Ozkan, rather than the departure of Kapanjie. He says:
“’Dr. Ozkan’s background and approach to education, as well as his experience teaching in the online M.B.A. program, make him well-suited for this role,’ Anderson wrote.”
Stay tuned for more information on the story as it continues to unfold.
What Is Your 2018 MBA Resolution?
For those who aren’t in a post-New Years Eve hibernation, 2018 is here, and that means actually following through on all those promises you hastily made an hour before the year officially began—including your 2018 MBA resolution.
You and every other person in a five mile radius will pack your preferred gym for the next few weeks, dutifully following through on the promises they made themselves. And while the frustration of waiting, waiting, and still waiting for the bench press to open up is inevitably going to sit in, you still have an opportunity to utilize that newfound resolution energy into your MBA degree.
Start of this new year by forming productive habits, achievable goals, and a vision of where you want to end up! #MondayMotivation pic.twitter.com/igYQmNtI3C
— FOX MBA & MS (@FoxMBA) January 2, 2018
But, where do you start?
2018 MBA Resolution Baby Steps
Ordering a multi-thousand dollar exercise bike at the stroke of midnight might have been a more curious impulse, but there are plenty of non-expensive efforts you can make going into a brand new year.
The MIT Sloan School of Management revealed some of its favorite books from the previous year from its distinguished faculty and alumni, including the timely “The Power of Little Ideas: A Low Risk, High Reward Approach to Innovation,” by senior lecturer David Robertson. Which, in itself, can provide a powerful set of ideas to harness that newfound resolution energy.
Looking to up your tech-savvy skillset? Head over to Product Hunt, which provides an impossibly lengthy list of new apps and tools from startup companies that can do almost everything: from learning valuable developer tools to reforming your daily task routine.
Be Wary of Impossible Goals
According to Chicago Booth behavioral science experts, people don’t tend to follow through on grander resolutions.
“‘The problem with big resolutions is that motivation tends to wane over time,’ says Chicago Booth’s Ayelet Fishbach, who studies motivation and decision making. People start out strong, but then reality sets in as they realize it’s easier to set goals than to carry them out. ‘The problem with persisting is that our priorities change in the course of a day, a week, a year,’ says Fishbach. We may wake up in the morning determined to watch what we eat, but by the afternoon, we’re distracted—and start snacking again. Or we may feel determined to invest more time in relationships, but that slips our mind when an important work deadline looms. ‘Successful goal pursuit,’ she says, ‘requires employing strategies that keep us on track as our priorities momentarily shift away.'”
An important part of Fishbach’s research revealed that setting more frequently occurring goals is important to stay on track. This means, “Instead of an annual goal, set a monthly goal. Instead of weekly, make it daily.” When more smaller, reasonable projects are completed, the end goal is more probable. And the more probable a goal is, the greater the motivation, according to Booth marketing professor Oleg Urminsky.
“Proximity to the goal increases motivation. If you’re a rat in a maze, you run faster the closer you get to the end.”
Embrace The Eventual Setback
Anyone who has gone through a diet is more than likely familiar with the concept of a cheat day. While scouring cake one week into your shiny new diet may feel like a small failure, it doesn’t mean it’s time to give up.
According to marketing researchers Marissa A. Sharif and Suzanne B. Shu, authors of the 2017 study “The Benefits of Emergency Reserves: Greater Preference and Persistence for Goals That Have Slack with a Cost” in the Journal of Marketing Research, having a few “mulligan” occurrences is normal and should not deter your overall aim.
“What this suggests is that the perfect goal to set for yourself is probably a tough one but with the explicit allowance for a mulligan or two so you won’t be discouraged by the occasional slip up,” writes Washington Post reporter Katherine L. Milkman.
It’s Time To Go After That MBA
We at MetroMBA may be vocal advocates of an MBA, but numbers speak for themselves. MBA salaries at the top schools in the world hit a record high last year, according to the Financial Times, sitting at an eye-popping $142,000 USD average by the start of 2017—a $7,000 jump from the previous year.
Some of the world’s biggest companies, such as Amazon, are on MBA “hiring sprees” as it rapidly expands its business, indicating the increasingly high demand for graduates.
And if all else fails, just embrace it!
I don’t like New Year’s Resolutions. At all. In fact, I vow to get fatter, more deceitful, spend more frivolously, and enter more toxic relationships. These are my New Year’s Regressions.
— ShinigamE (@WWEBigE) January 1, 2018
Philadelphia or Boston? Where’s the Best Place to Earn a Part-Time MBA
If you are interested in pursuing a degree in a diverse East Coast city, want to be surrounded by history and culture, and still immerse yourself in growing business community, two main cities come to mind: Philadelphia and Boston.
Both cities are at the center of U.S. history, and continue to be some of its largest centers of commerce and academia, with numerous opportunities to put its stellar education to work.
Surrounded by so many possibilities for professional development, an MBA student in a city like Philadelphia or Boston may not want to put their career and income on hold to pursue a full-time degree.
Thankfully, many of the business schools in Philadelphia and Boston offer part-time MBA programs, allowing students more flexibility as they kick off their careers in these exciting cities. But how to decide which one? We’ll take a look at some of the top part-time MBA programs in each metro to help you choose the right city for you.
Location
Once the capital of the United States, Philadelphia has never stopped being a center of both business and history since the time it played host to the country’s founding fathers. Home to some of the oldest and best universities in the country, Philadelphia has experienced a renaissance in recent years as young talent has become priced out of more expensive metros like New York City and Washington DC. The cost of living in Philadelphia remains fairly low, while the ever-growing business scene in the city offers the opportunity for high earning potential. This year, 14 Philadelphia-area companies made the Fortune 500 list.
Like Philadelphia, Boston has been a center of commerce and trade since the days of the Boston Tea Party. Today, the city is home to nine Fortune 500 companies, including major established firms like GE (13th on the Fortune 500 list) and newer but thriving businesses like Wayfair. However, Boston has a much higher cost of living than Philadelphia. The city currently ranks as the third most expensive city in the country.
Programs
Between the Wharton School of Business and the Harvard Business School, Philadelphia and Boston offer two of the most highly regarded MBA programs in the country. However, both of these schools only offer full-time MBA programs. Students looking for more flexibility in their schedules still have a number of stellar programs to choose from.
Most of the part-time MBA programs in the Philadelphia metro work on a hybrid structure, allowing students to take a combination of classes both online and in person. Many programs also offer students the chance to select majors or concentrations in which to specialize their business education. With a variety of possible concentrations at some of the most highly-ranked part-time programs in the country, students from these programs have gone on to find employment at major firms like DuPont, KPMG, and JPMorgan Chase.
Part-Time MBA Programs in Philadelphia Include
- Lehigh University College of Business and Economics
- Fox School of Business – Temple University
- La Salle University
- LeBow College of Business – Drexel University
- Lerner College – University of Delaware
- Rohrer College of Business – Rowan University
- Rutgers School of Business, Camden
- Villanova School of Business
- West Chester University
Like Philadelphia, Boston’s part-time MBA programs offer more flexibility for students to complete their degree on their own time. Most courses are offered in the evening or on weekends, and can be taken over the course of just two years or up to seven. Programs like the MBA at D’Amore-McKim also give students the opportunity to concentrate in fields such as Corporate Finance, Corporate Renewal, Entrepreneurship, and more.
Part-Time MBA Programs in Boston Include
- Carroll School of Management – Boston College
- D’Amore-McKim School of Business – Northeastern University
- F.W. Olin Graduate School of Business – Babson College
- Questrom School of Business – Boston University
- Sawyer Business School – Suffolk University
- Simmons School of Management
Cost
The tuition costs can vary from program to program, and can also be cheaper if the part-time program is competed online. On average, programs in the Philadelphia metro area can range from $45,000-$65,000 for the degree. The range of costs in Boston can be slightly higher, with some students spending up to $95,000 over the course of their degree.
Jobs
Although the cost of an MBA in Boston may be slightly higher than Philadelphia, the difference in average salary between the two cities may even out concerns of cost. In Boston, the average salary for someone with an MBA degree in a field like finance is $112,000, whereas in Philadelphia it is only around $90,000 per year.
Getting Paid: The Highest MBA Salaries in Philadelphia
Philadelphia: The City of Brotherly Love—or shove, depending on which out-of-town sports jersey you might be wearing out in public.
Fox Temple Alum Named to BBC’s ‘100 Women 2016’ List
Being named alongside Grammy-winning singer-songwriter Alicia Keys, Brazilian soccer star Marta Vieira da Silva and Instagram COO Marne Levine probably isn’t an ordinary achievement, for anyone. But Fox School Of Business (‘06) alum Yasmine Mustafa has rightly earned her place next to those names.
Fox Temple Earns Top 10 In Princeton Review, Entrepreneur Magazine
Among Philadelphia’s ever-growing list of exceptional business schools, the Fox School of Business at Temple University has earned the right to stand out.
In the 2017 list of the nation’s best entrepreneurship MBA programs for undergraduates and graduates from the Princeton Review and Entrepreneur Magazine, Fox Temple was the only school in the city to earn both honors—earning its way into the top 10 for each list.
This is the second year in a row Fox Temple managed to secure rankings on each list, coming in at 8th overall for its undergraduate program and 9th for its graduate program—one spot higher than last year.
“It’s rewarding to see our entrepreneurship programs recognized nationally, and in the company of prestigious schools,” said dean M. Moshe Porat shortly after the rankings were announced in mid-November. “Entrepreneurship education is a pillar across Temple University, and we at the Fox School are proud to lead this charge. More and more resources have been made available to students from all 17 schools and colleges at Temple. Our mission is to prepare and encourage students to think and act like entrepreneurs, no matter where their careers guide them.”
Topping this year’s list, unsurprisingly, was Harvard Business School, followed shortly after by the F.W. Olin Graduate School of Business at Babson College, the Jesse H. Jones Graduate School of Business at Rice University, the Kellogg School of Management at Northwestern and Booth School of Business at the University of Chicago to round out the top five.
The list was compiled after examining surveys from over 300 schools between May and August of 2016. The final tabulation considered academics and requirements, students and faculty, alumni entrepreneurship ventures, how students worked outside of the traditional classroom setting, school competitions and scholarships/aid.
The news of Fox Temple’s newest honor follows a successful string of accolades through various other authorities, including the Financial Times, which named the school’s Executive MBA program as the 18th best in the U.S. Check out some of Fox Temple’s other prestigious honors here.
