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FROM Broad (Michigan State) MBA Blog: Students to Travel to India to Learn More About International Business |
For the first time, students from Michigan State University’s Broad College of Business will attend the Indian Institute of Management Bangalore (IIMB) Nicholas Hammer Anand Srinivas Janakiraman. Summer Fellowship Program to learn about entrepreneurship in India. Nicholas Hammer and Anand Srinivas Janakiraman, both beginning their second year in the Broad Full-Time MBA program this fall, will represent the school at the program “Creative Disruptions: The Story of Indian Entrepreneurship.” IIMB has waived the cost of the conference for the students, and MSU’s International Business Center is providing the students with a travel grant. This is consistent with the MBA program’s drive to position itself as a place that builds creative and innovative competencies. Attendees will sit in on lectures, have interactions with entrepreneurs and visit companies, helping to gain insight on the Indian market. For Janakiraman, the opportunity to interact with entrepreneurs in a global setting is intriguing. “I’m looking forward to getting to know how people evaluate ideas and turn them into a business, and interacting with those who have done so,” he said. “I want to learn how they do this and why.” Hammer is excited, not only to see India, but also to gain another perspective on business, learning how other parts of the world are doing things. He also has an interest in the entrepreneurial mindset and working with small businesses and startups. “It’s great to partner with the school and learn more about global business,” Hammer said. Comparing this experience to his time abroad in Milan learning about investment banking will be an added asset for Hammer, who wants to understand business worldwide. The students’ attendance at the program builds upon relationships started earlier this summer between Sanjay Gupta, The Eli and Edythe L. Broad Dean, and leadership at IIMB. |
FROM Broad (Michigan State) MBA Blog: Broad MBA Continues Tradition of Quick Payback— Ranking |
For the second year in a row, the Full-Time MBA Program at Michigan State University’s Broad College of Business has been cited for having the second shortest payback time among all programs ranked by Forbes—and the quickest payback in the Big Ten. Forbes biennial MBA rankings are based solely on return on investment (ROI), calculated by measuring compensation five years after graduation and subtracting tuition and salary forgone during school. The 2015 ranking places Broad’s program No. 8 among public schools and No. 22 overall. Since 2007, Forbes has consistently ranked Broad among the top 10 public institutions and the top 25 programs overall. Broad alumni needed just 3.6 years to make up the costs of their MBA degrees in additional compensation, Forbes calculated, despite the surveyed students graduating in the heart of the economic downturn. The magazine surveyed the Class of 2010 and requested pre-MBA salaries and compensation for three of the first five years after receiving degrees. Forbes then compared their post-MBA compensation with their opportunity cost: both tuition and the estimated salary they would have made had they stayed in their old jobs. Salary figures were adjusted to account for cost-of-living expenses, and the earnings gains were discounted using a rate tied to the discount rate large companies’ pension funds use. For more information about this ranking, visit forbes.com. |
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Supply chain universities: the employers’ Top 15
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