Rotman Launching New MBA Program in Healthcare and Life Sciences
The Rotman School of Management at the University of Toronto will begin offering a new Global Executive MBA program in healthcare and the life sciences.
The Toronto-based university created the 18-month program to keep up with the industry’s fast-changing ways, according to a recent press release. Rotman wants to create leaders in the sector by teaching them the management skills and technical skills necessary to succeed in the healthcare and life sciences field.
While this MBA is the school’s latest health-based degree, it’s certainly not the school’s first. MBA candidates already have the option to major in Health Sector Management. This program is more geared toward healthcare delivery systems and the pharmaceutical and biotech industries.
The new MBA, however, will begin this semester, breaking up into five portions. Three will take place in Toronto, but the other two will fall elsewhere—in San Francisco and Singapore. Students will get a front-row seat to how the healthcare industry operates on a global scale. Individuals from life science firms, service delivery organizations, and global agencies are encouraged to apply for the program. It’s best suited for those who want to build their career.
“The program will focus on the most effective ways of organizing industries, whether in the public sector or the private sector to deliver the best healthcare and to make it more affordable,” says Brian R. Golden, Vice Dean of MBA Programs, in the press release.
The program will work with the school’s Centre for Health Sector Strategy, which Golden leads, to build upon its offerings on the topic. The Centre, according to Rotman, is “Canada’s leading academic provider of healthcare executive programs.” An additional plus? The city’s medical discovery district is not far at all. Students will have quick and easy access to innovations as they see fit.
“The health and life sciences sector is the most important industry in the world,” said William Mitchell, a Co-Academic Director of the Program, added. “Globally it has a huge impact on economic development and a huge impact on human life. Our new program will teach general management and leadership skills, with direct application to people working in life sciences and healthcare.”
Rotman Creative Destruction Lab Partners with Rigetti Computing
The Rotman School of Management in Toronto is working with Rigetti Computing, a quantum computing company, on a new program to develop quantum machine learning software.
The partnership is with the Creative Destruction Lab, in particular, which announced its Quantum Machine Learning Program earlier this year. Now, the lab is building on its already accomplished work in accelerating machine learning startups. Quantum computing is the next step in computing and may prove better than classical computing soon.
“We announced the Quantum Machine Learning Program earlier this year with founding technology partner D-Wave Systems, and since then, the interest from applicants, investors, and technology partners has exceeded our expectations,” said Daniel Mulet, Associate Director of the lab’s program, in a press release. “The partnership with Rigetti expands the options of quantum systems available for algorithm development for the companies in our program.”
Within the program, Rigetti will be offering training for its Forest programming environment, which offers tools for experimental quantum programming.
The Creative Destruction Lab launched at the Rotman School in 2012 and has fostered many successful business leaders since then. including the founders of Kik, Bloomberg Beta, and LocoMobi. The lab received many applications for people interested in taking part in the Quantum Machine Learning Program, choosing 40 individuals and teams to begin in the program starting Sept. 5.
Startups that participate in the program can receive up to $80,000 in pre-seed investment. Rotman’s MBA students will also offer their advice in business development and implementation. The school is merging its business and technology expertise to bring forth a new program that has the ability to change the way computing operates in the modern world.
“Quantum machine learning will power some of the most impactful and exciting near-term applications of quantum computing. The startups at the [lab] are at the leading edge of this technology and will get early access to Rigetti’s general-purpose quantum hardware and to Forest, one of the most sophisticated quantum programming environments in the world,” said Madhav Thattai, Rigetti’s Chief Strategy Officer, in the press release. “We’re looking forward to working with these pioneering individuals and teams to help create and accelerate the quantum application ecosystem.”
Metro News & Notes: Stanford Wants You in the Midwest, MBA Essays and More
Good morning and happy Friday!
Here are a few stories you may have missed from the week that was …
Stanford Will Pay MBAs $160,000 to Work in the U.S. Midwest | CNBC
Earlier this week, the Stanford Graduates School of Business announced three winners of its first-ever Stanford USA MBA Fellowship, which will reportedly pay each student upwards of $160,000 for two years of tuition. CNBC writer Catherine Clifford explains:
“To be eligible for the scholarship, you have to have a connection to the Midwest. You can be a current resident of a Midwestern state, which Stanford defines as Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota or Wisconsin. Alternatively, you could have lived for three consecutive years in one of those states, have graduated high school in one of those states or have ‘experiences that demonstrate a strong commitment to, and interest in, the development of the region.'”
There is a stipulation with the lucrative scholarship, however. Those students must agree to work in the Midwest within two years of graduation. Clifford notes that by the times grads have been out of Stanford GSB for four years, at least two of those years will have to have been working in the Midwest.
“The winners of the first Stanford USA MBA Fellowship are Adam Verhasselt, Amanda Donohue-Hansen and Taylor Seabaugh,” Clifford writes. “Verhasselt was raised on a dairy farm owned by his family in Wisconsin and is the first in his family to graduate from college. Donohue-Hansen is from California but graduated from University of Minnesota and lived and work there for 10 years. Seabaugh grew up in St. Louis, Missouri, and returned after graduating from college to work at 3M and volunteer at local public schools.”
Read more about the Stanford USA MBA Fellowship here.
High School Students Dream Big – with Help of MBA Mentors | The Globe & Mail
Three Toronto metro high school students recently earned some valuable hands-on help from second-year Schulich School of Business MBA candidate Cortney Mills. The partnership came to fruition from the semester-long case competition Summit Leaders, founded last year by MBA students from the Rotman School of Management at the University of Toronto, writes the Globe & Mail. The goal of the nonprofit summit is to help underprivileged high schoolers from the community, giving them in-person lessons about business and entrepreneurship.
“’A lot of students don’t realize this [business] is an avenue they can take and they are often the brightest people,’ says David St. Bernard, a Co-Founder of Summit Leaders who graduated this spring with combined degrees in business and law at U of T.”
“’Sometimes they need that little push,’ he says of the younger students in the program. ‘Our idea is to give them the avenue to open up their ideas and create more connections within the community.’ Students do not have to choose a business career, he adds, ‘but at least we give them the opportunity to choose.’”
Find out more about the Summit Leaders nonprofit program here.
Your MBA Application Essay Mastered | Financial Times
Admissions teams know that essays are where students have to individually shine. Work experience, grades and GMAT score tell a lot about a student, of course, but the essay is a chance for them to stick out beyond traditional parameters.
In a recent piece with the Financial Times, Yuan Ding, Dean of the China Europe International Business School, says, “[The essay] is where we learn about applicants’ career aspiration, understanding of China, and writing skills.”
Rob Weiler, UCLA Anderson School of Management MBA Program Associate Dean, also notes how students need to be pretty concise with their words. “If an applicant attempts to add too much supplemental information, chances are they are trying too hard,” he says in the piece. Applicants to the UCLA Anderson MBA program all have a 500-world limit on their essays.
In contrast, institutions like the IESE Business School in Spain do not limit applicants to any standards on essays, offering immensely flexible entry capabilities. Dean Franz Heukamp says, “The ones that grab our attention do so not because they say something we have never heard before, are wild or outrageous. What makes a cover letter special is when it is very clear that the candidate knows what he or she wants to achieve professionally.”
Read more about what school’s may or may not expect from your application essay here.
Finding the Best Toronto Executive MBA Programs
An MBA offers immeasurable help if you’re trying to climb the oft-mentioned corporate ladder. But what about getting right to the top? Executive MBA programs are tailor-made for reaching that higher-than-high career point, but how do you know which one may be right for you? We’ve outlined some of the best Toronto Executive MBA programs to help.
Rotman Appoints 5 New Faculty to Strengthen Research & Teaching
The Rotman School of Management at the University of Toronto has appointed five new faculty members for the coming year. These five professors will add to the research and teaching experience at the Rotman School for both pre and post-experience programs. The school also provided cross-appointments for four faculty members according to a news release.
Rotman MBA Receives Forté Foundation Award
Alex Walker Turner, a 2017 MBA graduate from the University of Toronto’s Rotman School of Management, has received the Edie Hunt Inspiration Award from the Forté Foundation. The award recognized her achievements in advancing women into business leadership positions as well as her significant contributions to her school and community. Continue reading…
