Brown is officially getting into the MBA game. It's a baby step; an EMBA offered by completing a program that has existed for several year though a partnership with IE-Madrid. It's been 40 years since an Ivy (Yale) started offering the degree. I wonder if it signals something more ambitious.
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An executive MBA is like you never got an MBA.
"An executive MBA is like you never got an MBA."
Misclyfe, why do you say that?
Satya Nadella disagrees.
"I'm a senior in high school attending Western University for their Richard Ivey school of business next year.....However, credibility is my downfall." - Misclyfe -
You don't say!
http://www.wallstreetoasis.com/forums/would-you-attach-a-cover-letter-i…
just great, more competition for the best jobs. Ughhhh.
It all sounds good and all... One of the greatest benefits of a MBA is the networking opportunities. I don't see how Brown can stand out. They are few decades too late.
Meh -- I don't consider it an Ivy League MBA-caliber program at this stage, and the EMBA is a completely different world. Also, IE has no brand recognition in the US, so it's barely on the radar.
I think if someone is interested in an EMBA with a global angle, there are many other choices that I would recommend first.
BTW, Stanford does not have an EMBA program. MIT does, and it isn't bad, although surprisingly, it is only about 4 years old Duke is probably the most global EMBA program
You're kidding me right?
It's an EMBA only and very late to the party. It takes decades to build up a deep alumni bench for a b school and that's ultimately why you're attending. Ideally you should have alums everywhere from the c-suite down to associate level roles. Brown won't have the luxury of that and it seems like a long shot that it'll be well enough integrated into the overall university to really leverage that network.
@"guyfromct" and @"Betsy Massar" are correct. It does take decades to build a business school. Take the example of Yale that, despite the strength of the parent university, has not been able to replicate the success of Columbia, Tuck and Wharton (Harvard is a further cut above) in 4 decades.
If Brown graduated it's first MBA class today, think of how long it would take these individuals to reach the peaks of their careers. You need highly successful alumni to attractive strong candidates and you need strong candidates to produce highly successful alumni. Chicken and egg.
Here are the top-20 B schools in the US per Poets and Quants and their founding year, only three of the top 20 were founded in the latter half of the twentieth century:
HBS 1908 Stanford 1925 Booth 1898 Wharton 1881 Kellogg 1908 Sloan 1914 CBS 1916 Tuck 1900 Fuqua 1969 Haas 1898
Johnson 1946 Ross 1924 Darden 1954 Anderson 1935 Stern 1900 Tepper 1949 YSOM 1976 Kenan-Flagler 1919 McCombs 1922 Kelley 1920
It takes a tremendous amount of time to build up a network at all levels. The median age of an S&P500 CEO is 55, and people used to graduate at a younger age from B School, so realistically it's a 25-30 year process to the C suite. If Brown graduates its first class in 2016, they won't be looking at having someone in that position until some time in the mid-2030s. Beyond that it's a virtuous circle and very much self-reinforcing. People go back to their schools to recruit and they lend a hand to people who went there. The new Brown grads will not have those B school specific individuals and it is much more difficult to really leverage the university as a whole.
@"guyfromct" And none of the top 10 were founded in the second half.
Fuqua, number 9 on poets and quants was. But it's the only one and I feel that a confluence of factors helped it, namely its location and the fact Duke in general was ascendant during that time frame. The South was at that time beginning to become more of a powerhouse economically and there were very few B schools there that could compete at a national level. Of the current top 20 there are only 3 (or 4 if you include McCombs) top 20 B schools in the South. The Northeast has 5 Top 10s and 4 Top 20s, this makes for a very different competitive landscape. In addition, Brown will be competing against a number of EMBAs in Boston.
@"guyfromct" Ok. I was looking at US News. Agreed on the south part. Only competition for Duke in the south is Darden. McCombs is a further tier below.
I did the first IE Brown program (2011-12), so I can speak to it a bit. I was originally going to attend just the IE program and decided at the last minute to do the joint program with Brown.
I'm glad I did. Here is why-
For those looking at rankings, IE does very well.
Poets&Quants (2014): 4 (non-U.S.) BusinessWeek (2013): 2 (international) Forbes (2013): 5 (international) Financial Times (2015): 12 (global) Economist EMBA (2014) 2 (global) Blooomberg EMBA 7 (global) 1 (Europe)
I wanted a heavily international program and our class of 24 people were from 15 countries. That is characteristic of IE.
I wanted experienced and successful classmates. Our average age was 38 and the group was exceptionally accomplished before the program. Most had other advanced degrees as well.
Brown did not actually start a business school, they jointly teach the program with IE, pulling on Brown's strengths from the Watson Institute (international studies), humanities, innovation, and liberal arts.
In the end it was great. I'm an alum of both schools and you can draw on the network of both. The comment about their being no Brown alumni network, because this program is new is simply wrong. You tap into Brown's full alumni network and it is exceptional. Now, I post internships on the Brown alumni board and hire their students, for example.
I would highly recommend the program.
thanks for your insight, Garrett-Koehn When I read your post I about your experience, I have to admit my comments above are a more than a little knee-jerk about it being an "Ivy MBA" program. It's not. It's a new, joint program with IE, and it's an interesting addition to the choices that are out there. Thank you for the reality check.
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