2012 Financial Times Executive Education Rankings
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Publishing Hopes & Fears Corporate universities A textbook case Women aiming Companies do it of innovation for the top for themselves FTbusiness education May 14 2012 Executive education rankings www.ft.com/business-education/execed2012 2012 contents MAY 2012 03 Special reports and supplements editor Michael Skapinker Business education editor Della Bradshaw Editor Hugo Greenhalgh 32 Lead editor Jerry Andrews Art director Sheila Jack OPENINGS Picture editors Michael Crabtree, Krissy 4 from the editor Hodgkinson, John Wellings We all know we must work longer – but Production editor business schools have not caught up Jearelle Wolhuter Commercial director, EMEA TOP 6 upfront Dominic Good Even satisfied clients can have Head of B2C a wandering eye; top 50 rankings; Elli Papadaki 50 making leadership education Head of business education affordable in the developing world REPORT Sarah Montague Account managers 8 introduction 32 publishing Ade Fadare-Chard, Gemma Taylor The executive education market is Among the growing competition facing Publishing systems manager becoming ever more fragmented business schools are companies Andrea Frias-Andrade diversifying from printing coursebooks Advertising production 11 meet the dean into teaching courses Daniel Lesar, Daniel Macklin Kai Peters of Ashridge on how the school fought back from tough times 36 corporate on the cover universities Illustration by Neil Webb 12 management column The employers taking Shareholders neither own nor control a DIY approach to companies, says Simon Caulkin business education CONTRIBUTORS 14 dean’s column 38 consultancies DELLA BRADSHAW is the FT’s Jordi Canals of Iese on the man McKinsey, BCG and business education editor who rescued postwar Germany others are offering JORDI CANALS is dean of leadership training Iese business school 16 FEATURE SIMON CAULKIN is a ENDINGS management writer 16 interview PHILIP DELVES- Rajeev Chopra, chief 41 books BROUGHTON is a executive of Philips An author gets to grips management author Electronics India, was with strategy, execu- JAMES FONTANELLA-KHAN loath to take time out tion and handbags is the FT’s former New to return to school. Delhi correspondent So was it worth it? 43 technology EMMA JACOBS is assistant Why Microsoft’s new editor of FT Business Life RANKINGS Windows is just not REBECCA KNIGHT is a clear enough freelance journalist 22 analysis CHRIS NUTTALL is FT Interpreting the data gathered from 46 hopes & fears technology correspondent students and schools for the 2012 Equal opportunities: LAURENT ORTMANS Interactive FT executive education rankings a course for women is the FT’s business rankings and taking the next step education statistician more at 24 the rankings ADAM PALIN is an FT business www.ft.com/ The top 70 schools in the customised education researcher rankings programme ranking and the leading ALAN RAPPEPORT is the FT’s 65 for open-enrolment courses US consumer correspondent HAIG SIMONIAN is a freelance 28 methodology 46 journalist and the FT’s former How the executive education rankings Switzerland correspondent were researched and compiled PHOTOS: SIMON DE TREY-WHITE; VANCE JACOBS; TYRONE TURNER FT.COM/BUSINESSEDUCATION from the editor 04 della bradshaw A new age-old problem ➔ Managers are retiring later, but business schools are not providing appropriate programmes notice that one song the UK’s living legend Sir programme to develop personal skills or provide indus- Paul McCartney never sings anymore is “When try updates. I’m 64”. That’s the one with the lines: “Will you What are business schools doing to address this need? still need me, will you still feed me when I’m 64?” Managers in Very little, it would seem. It has been two decades since I As he approaches his 70th birthday, it seems business schools started talking about lifelong learning, pretty obvious that the recently remarried and sprightly their 50s face but few have adopted policies to make it happen. Whar- ex-Beatle has few concerns regarding the former. And another 20 ton at the University of Pennsylvania, which along with with personal wealth in excess of £500m, where the next the Haas school at UC Berkeley is introducing regular meal will come from can be no real concern either. years of work, updates for MBA alumni, seems to be further along that Of course, 64 used to be the age around which most possibly in a route than most. executives retired, but managers nowadays concede that very different At Harvard University, Rosabeth Moss Kanter, 69, has they will have to work into their late 60s, and possibly developed the Advanced Leadership Fellowship, which until they are 70. Just what they will do, and how they job to the one selects highly experienced (for which read mature) will do it, is proving increasingly perplexing, however. they do today people from all walks of life to try and address some Of course, if it just meant tagging a couple of extra of the world’s big problems by applying their expertise years on to the end of an illustrious career, that together with the latest thinking from the university. would be fine. But these days younger But this will still only occupy the time and minds of a and younger managers are making handful of the world’s elite academics and practitioners. it to board level, and as career Most business schools, with the exception of execu- advancement accelerates, so too tive education specialists such as IMD in Switzerland does business innovation. and Ashridge in the UK, are essentially degree machines, Not only will we all have targeting those under the age of 30. Indeed, I suspect the to work longer, but the rush by top schools such as London Business School, Duke speed at which the nature University in North America and Hong Kong University of our jobs change is of Science and Technology to launch pre-experience increasing. As career con- masters in management degrees means that the aver- sultants like to impress on age age of students on postgraduate degree programmes us, many of the industries is actually coming down. Most of this push towards graduates are moving increased numbers of degrees is fed by the need for course into today did not exist 20 fees. This ignores the fact that the big advantage of the years ago – hedge funds, more mature managers is that they – or their companies – areas of biotech and health- can afford to pay more. This is been clear for a while now care and, of course, anything with executive MBA programmes, which target people in that involves the internet. their 40s and 50s and charge $150,000 upwards. It is also likely that the pace Perhaps Global EMBA programmes are the answer. of change will accelerate. Ten years Dave Wilson, president of the Graduate Management from now there will be jobs that we Admissions Council, thinks they may cannot even imagine at the moment. be. His suggestion, however, is that the So what does this mean for today’s managers GEMBA may need a change of name to approaching their 50th birthdays? With corporate and Topping up Geriatric EMBA. state pension pots depleted in most developed countries, MBA alumni from If business is changing the way it oper- early retirement, it seems, is no longer an option. Instead both the Wharton ates every 10 years or so, should manage- these managers face another 20 years of work, possibly school and UC ment education do the same? According in a very different job to the one they do today. Berkeley in the US to Tom Robertson, dean of Wharton, Just as important, how will employers deal with these now have the alumni are just as keen to learn from fel- issues, or with reskilling their workforce? option to return to low alumni as from Wharton professors, The obvious answer has to be some kind of executive business school according to recent research conducted short programme, either a corporate course in indus- for short courses by the school. Is this the future? Ten years tries that are changing rapidly – publishing or retail, throughout their lives from now, what will executive education for example – where companies will need experienced as part of the deal. look like? Perhaps it will be something we managers to reshape the business, or an open-enrolment cannot even imagine today. b Photo: ed robinson; illustration: raymond biesinger ft.com/BUSineSSedUcation Half of the 06 schools in the combined rank- ing (right) are upfront European ➔ Poll: schools compete for clients who switch even when satisfied Essec in France has teamed up with Elle magazine to teach a short programmefor women. The course includes self-marketing, communicating with colleagues, preparing for maternity leave and return to work ➔Simply the best The 13th annual FT ranking of custom- ised executive education programmes marks a remarkable achievement for one business school. Headquartered in the US state of North Carolina, Duke Corporate Education has topped the ranking for the 10th consecu- tive year. usiness schools looking to providers in future. Their The school is ranked among increase their share of the reasons vary significantly. the top five performers in 11 lucrative executive educa- Reputation is the most out of 15 criteria, and at num- tion market have cause important factor for par- ber one five times. Duke CE’s B for optimism. An FT poll ticipants, mentioned by 48 core strength lies in its prepara- reveals that more than half of commis- per cent as a reason why tion, programme design, and sioning organisations and participants they would attend a differ- the teaching methods and would consider switching schools for ent school. materials of its programmes. The future programmes – despite nearly While faculty quality was school has topped the ranking for these three-quarters liking previous providers indicated by 59 per cent of commis- three criteria for the past six years.