FS STILL NUMBER ONE
It might not be the politicians’ favourite sector, but MBA graduates are still pretty keen on the financial services. In its 2011 Alumni Perspectives Survey GMAC (the Graduate Management Admission Council) says that 22 per cent of MBA graduates went to work in the financial services, up on 15 per cent the year before. The median base salary for the class of 2010 was $78,820.
BUNDESBANKER HEADS TO BOOTH
Chicago Booth has achieved a coup by signing up German Bundesbank president Axel Weber to become a visiting professor at the school when he steps down from his position as Germany’s top central banker. He will teach central banking, as well as participating in seminars and workshops. Weber is currently on leave from the Bundesbank and teaching as a professor of international economics at the University of Cologne.
YIP GOES EAST
John Quelch has announced his first big appointment at China Europe International Business School (CEIBS). The new dean, who was previously at Harvard, will bring George Yip, a marketing and strategy expert, to China. Professor Yip has previously taught at Harvard, Judge business school at Cambridge and UCLA. He is currently dean of the Rotterdam School of Management at Erasmus University.
NO MBA FOR GADDAFI
Following troubles at the London School of Economics relating to Said Gaddafi – the son of the Libyan leader – and his PhD, one business school is taking no chances. IE school in Spain has asked Said’s brother Khamis to leave his course. The school said that the 27-year-old, who was on the international MBA programme, was kicked out because of “his links to the attacks against the Libyan population.”
MCGILL FEE FINE
McGill business school in Montreal has been hit with a Ca$2m (£1.26m) fine by the authorities in the state of Quebec for hiking fees last year. An MBA for students from McGill’s home state was previously capped at Ca$3,400 a year, but this was raised to Ca$29,500, to bring it in line with other globally recognised MBAs. The school has had Ca$2m cut from its budget. MBA fees for 2011-2012 are Ca$32,500.
GLAMOUR AT HARVARD?
Sad news for all those hoping for a bit of glamour on the Harvard MBA class this year. Despite reports, it appears that Tyra Banks – the face of America’s Top Model – has not enrolled on the Harvard MBA. In fact, she’s on the Owner/President Management Program at Harvard's Executive School, which means she’ll be on campus, for three weeks per year for the next three years.