May 11 Roundup
Business School Rankings Face COVID-19 Disruption
In April, top business school industry bodies—GMAC, AACSB, and EFMD—requested that business school rankings providers—including the Financial Times and Bloomberg—suspend rankings this year in light of the coronavirus pandemic. They argued the pandemic could alter key metrics that rankings institutions rely on to produce their respective data sets.
Then, last week, Bloomberg Businessweek became the first organization to announce it would suspend its 2020 MBA ranking. The reasons they gave include:
Respecting the wishes of business schools and industry bodies like GMAC.
Avoiding adding workload to business school staff, required to complete lengthy surveys to compile rankings data.
Data collected would be overwhelmingly impacted by the pandemic and not show the true differences between schools
Instead, Bloomberg have asked schools to participate in a student survey on online learning during the pandemic. Students will be asked about their online learning experience. Bloomberg will publish aggregated results of student questions, and will not use the data to make comparisons between schools.
It seemed like rankings providers may suspend their activities during the pandemic. However, the Financial Times has today released its Executive Education Rankings, based on ratings provided by corporate clients.
CEIBS holds first online EMBA class
Gies College of Business launches $10k Online MiM
The University of Illinois’ Gies College of Business is launching a new online Master of Science in Management degree (iMSM), which costs just over $10,000. You can apply to the one-year Online MiM from June 1 with the program starting in October.
The new iMSM is offered in partnership with Coursera and open to students from any educational or industry background. In additional to foundational courses in accounting and finance, iMSM students will take a series of fundamental management classes, including leadership and teams, marketing management, strategic management, and process management.
Students also have the opportunity to customize their degree by taking elective courses focused on global business challenges as well as data-driven decision making and communications.
Indian business school launches ‘Term Zero’ initiative for incoming students
India’s Great Lakes Institute of Management has launched an initiative to support incoming students during the COVID-19 pandemic.
With the school’s academic year start deferred to August 2020, incoming students have access to a series of interactive online study sessions hosted by industry experts. These include professors from NYU Stern, Harvard, Stanford, and the dean of Chicago Booth, as well as leading execs from Nestle India and Accenture.
Other Term Zero sessions include Masterclasses in Marketing, Finance and Accounting, Operations, and Analytics, Workshops in R and Python, Case Analysis Workshops and live discussions, Resume-writing workshops, interactive sessions with alumni and digital student icebreakers.
AMBA launches podcast