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CONT ENT S Editor Jerry Andrews May 2016 Wor k and Car eer s editor Adam Jones Production editor Rut h L ewi s- Cost e Art director Konstantin Penkov Designer HarrietThorne Picture editor Michael Crabtree 14 38 Speci al Repor t s edi t or LeylaBoulton Global sales director DominicGood Global director of FT career management St eve Pl ayf or d H ead of business education sales 10 Gemma Taylor Account director HelenWu 54 Account manager s Ade Fadar e-Char d, Emily L ucas Publishing systems manager AndreaFrias-Andrade Advertising production Daniel Macklin May 23 2016 FT Busi ness Educat i on Executive education rankings2016 www. .c om /e x ece d 06 OPENI NGS INSIDE 4editor’sletter 36 meet thedean McKinsey’sleadership factory | USfootball starsgo back to school We m ust fi nd ways t o hel p m i d-car eer Peter Todd hasatough act to follow at ON THE COVER workers fit formal study into busy lives H EC Par i s, t aki ng over af t er pr edecessor Illustration by Adrian Johnson 6introduction Bernar d Ramanant soa’s 20-year tenure Consultanciesare reshaping business 38 learningtoleadNGOs education with their own offerings Busi ness school s ar e i ncr easi ngl y /GETTY IMAGES. ILLUSTRATIONSBY ANDREW BAKER; NICK LOWDNES CONTRIBUTORS 10 o n m a n a g e m e n t tailoringshort leadership coursesto KATE BEVAN freelance End-of-year spending madnessisnot meet theneedsof charitiesand other technologyjournalist theonly problem with annual budgets non-governmental organisations SI M ON CAU L K I N fr eel ance wr i t er 12 d e a n ’s c o l u m n 43 drawingboard WAI KWEN CH AN business Thesteely integrity of South Africa’s The shape of foodie things to come: education communitieseditor corruption watchdogisalesson for all Vaiva Kalnikaitethinksshehasfound RENÉE DINEEN former executive theright recipefor 3D food printers education student, IMD FEATURES HAOHONGisCEOofAsymchem REVIEW and st udied at Guanghua School of 14 a er thegame Management in Beijing NFL playersaregoingto business 47 books EMMAJACOBSwriter, school to learn how to tacklelife An author asks if we are in danger of Busi ness L i f e beyond American football becom i ng obsessed wi t h di sr upt i on ADAM JONES 18 i n t e r v i e w 48 technology work and careers edit or Viridor CEO Ian McAulay on how How to get themost from crowdfunding NICOLA KLEYN,deanof a H ar var d shor t programme at —and thedangersto look out for 12 Pretor ia Gibs thetimeof9/11helpedhisclasssee 51communities JONATH AN M OULESbusiness theworld through different eyes Executive education studentspick the education correspondent famousperson they would like to LAURENT ORTMANS RANKI NGS have asa businesspartner busi ness educat i on st at i st i ci an 53 businesseducationonline KIRAN STACEYenergy 24 analysi s From ‘Guffipedia’ and Mooc trackers correspondent What thetablestell us to podcasts and M BA bloggers ROSS TI EM AN fr eel ance j our nal i st 26 executive education 2016 54 hopesandfears LINDSAYWHIPPChicago TheFT’srankingsofcustomisedand How aleadership programmeled PHOTOS: DAVID PARRY; MAX WHITTAKER; GIANFRANCO TRIPODO; WESLEY HITT, AFP correspondent open enr ol m ent pr ogr am mes acorporatehigh-flyertogoitalone FT.COM/BUSINESS-EDUCATION 3 Adam Jones Thechangestheinternet will fashioncouldbe Mind the gap evolutionary or blow the wholesystemapart We must ndwaystohelpmid-career workers t formal study intotheir busylives arlier thisspringI attended Pr ogr am for execut i ves used t o l ast 13 my mother-in-law’s weeks but needed t o be condensed t o a EDI TOR’SLETTER graduation ceremony at the mor e manageabl e ei ght weeks (at a cost University of Buckingham, of about $80,000 a course nowadays). where she wasbeing Meanwhile,areport bytheUK’s EawardedanMAinhistoryofart. Instituteof Directorsin April illustrated The individual chosen to addresshis how patchy the provision of education to fellow graduandswastheretiredBritish m i d-car eer st aff i s acr oss t he wor kfor ce, j udge Si r Ol i ver Poppl ewel l , who rather than just at thetop of the chairedtheinquiry into theBradford hierarchy.It pointedout that UK Citystadiumfireandpresidedoverthe company spending on in-work training libel casethat ledto theformer UK haddeclinedbybetweenaquarteranda minister Jonathan Aitken going to half sincethe 1990s, albeit with a bit of prison for perjury. an uptick recently. The88-year-old wascollecting Would-be mature students are nothinglessthan hisfifth degree,a t ur ned off by t he sheer di ffi cul t y of mast er s i n m i l i t ar y hi st or y. H i s speech fittingformal study into their busylives, began with ajoke,recounting how,when t he r epor t obser ved, addi ng t hat embarkingon hisphilosophy,politics busi nesses wer e under st andabl y keen t o and economics degree at Oxford, he was reduce spending on education. givenalectureonitbeingmerelya TheIoD recommended tax breaksto pr elude t o a lar ger obli gat ion — t he encouragecompaniesto allow staff to solemn duty of givingback to the keeplearning —with evenbigger community.Thepunchline: hewasin incentivesdangledin front of smaller hismid-seventiesat thetimeand had empl oyer s t hat can fi nd i t especi al l y rather felt that hewasall doneon the difficult to let workerstaketimeout to giving-back front. and theretired.For theformer, it isa study for even the odd day or two. It washard not to beinspired. Sir meansto advancement; for thelatter, it Thatmighthelp.Buttechnology, Ol i ver st ar t ed accumul at i ng degr ees i n isanobleleisurepursuit. another preoccupation of the I oD 1950 with aBA in law at Cambridge, For t he dr eam of l i f el ong l ear ni ng r epor t , i s l i kel y t o hel p mor e. The which wasfollowed by an LLB at the to berealisedfully,thosein the35-60 internet isallowing new and old sameuniversity (hisother degreeisa age gr oup must al so be gi ven t he educational providers to experiment mastersin thehistory of international opportunity to refineand revisetheir with waysof teachingthat arebetter relations from the London School of skillsthroughout their careers,which attuned to today’sworking patterns. Economics). coul d wel l st r et ch i nt o t hei r sevent i es. Thechangesit will fashion could be Likewise,theenergyof the Thisisnot happening enough. evolutionary or theycould blow the twentysomethingspickingup their first Executiveeducation hastraditionally whole system apart and replace it with degr ees was st i r r i ng, especi al l y t he beenonenichein which themiddle something radicallydifferent. Sir Bosnians who had come over as part of a aged have been abl e t o pol i sh t hei r ski l l s. Anthony Seldon, theUniversity of partnership between Buckingham and But the supercharged intensity of the Buckingham’sreformist vice-chancellor, the Sarajevo School of Science and modernofficemakesit hard to get away f eel s t hat si gni fi cant change i s necessar y. Technology.Yet therelativelack of from daily duties. Whilewewait toseehowthetrend fortysomethingsand fiftysomethingsin Glenn Hubbard, dean of Columbia playsout, I can only hope that his gowns and mor tar boards meant that BusinessSchool, ruefully observesthat i nst i t ut i on keeps off er i ng i t s mast er s i n therewasalsosomethingslightly itsMBA graduateshavealifetime gardenhistory.On thegraduation dayI depr essi ng about t he occasi on. ent i t l em ent t o com e back and si t i n on attended, it wasoneof thecourses Per haps i t was sel f-i nt er est on my any class — but they almost never fi nd where participation wasmost skewed part as I am a member of the thetime.“Peopledon’t takemeup on it towardstheover-60s. fortysomething group myself, but it becausethey are busy,” he says. Good for them —my wifewould love strongly suggested that education now L i kewi se, H ar var d Busi ness School ’s to follow suit when sheretiresfrom the straddlestwo age groups — young adults venerable Advanced M anagement st r esses of execut i ve l i fe. ILLUSTRATI ON: NI CK LOWNDES. PHOTO: CHARLI E BI BBY 4 FT.COM/BUSINESS-EDUCATION Theleader factory int r oduct ion Consultancy McKinsey ispushingintobusiness educationwithitsowncourses.ByAdamJones ompanies that move into s rro n ingsasj st g ib symbo ism. Harvar MBAgra at e i nvo ve in the theWeWork share of#ce However,thepro ct that the b ttone - project. Abo t400formerMcKinseyites space at 25 Br oa way own strategy cons tant hasbeen ea organisations with more than $1bn in ower M anhattan wor ki ng on her e i s par t of a t r en that in reven es, she a s. They i nc eJim are renting the s a hasgen inepotentia to reshapethe McNerneyatBoeing,Ti janeThiam of Cparapherna iaof start- p an . b si ness e cation market. Cr e it S i sse, O iver Bäteat A ianzan Ro gh woo en t ab es en an TheWeWork spacehashe pe Vittorio Co ao at Vo afone. (The factory in st r i a fee an tenantscan break to inc bate McKinsey Aca emy, an ch rnso tfa ty ea ers too, of co rse, off to p ay sh f%eboar ,orrefresh on inetraining servicethat bringsthe Thecompetition: s ch as Enron’s Jeff Ski ingan Rajat themseves with raft beer an “micro- company into more irect competition Charlotte Relyea of G pta, theformer McKinsey hea jai e roaste ” coffee.

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