RMJM designs Public Academy campus for entrepreneurs in Suzhou
UK-based architectural firm Robert Matthew Johnson Marshall (RMJM) has designed a unique campus in the Du Shu Hu higher education district in Suzhou, which should provide sophisticated facilities for nurturing a future generation of entrepreneurs. RMJM was appointed by the Suzhou Industrial Park to design a campus to house advanced teaching facilities as well as incubation units to help turn graduates into entrepreneurs. Suzhou, which has the second-highest GDP per capita of China’s 659 cities, trailing only Shanghai, has experienced the fastest economic growth in the country during the past decade. Jiangsu province, in which Suzhou is located, has the largest number of higher education institutions in the country with 105 universities and colleges and an annual enrollment of approximately 1 million students. The 393,192 million square-meter campus provides education facilities for undergraduates and graduates, a professional development center and spaces for incubation research units that are able to support small-scale prototyping and manufacturing on site.
Some global MBA programs now accept GRE tests
Five of the top 10 MBA programs in the world now accept the Graduate Record Exam (GRE) General Test, according to the Financial Times’ Global MBA rankings for 2009 and the Educational Testing Service (ETS). The schools include Harvard (2+2 Program), Instituto De Empresa (IE), MIT Sloan, Stanford and China Europe International Business School (CEIBS), the only Chinese program to make the list. The MBA programs cite institutional competitiveness and student access to test centers as practical reasons for accepting the GRE.
NYU Stern launches new Volatility Institute
New York University’s Stern School of Business has launched a new center devoted to cutting-edge research on risks in the financial markets and related topics in financial econometrics. Created under the leadership of Stern’s Nobel laureate and finance professor Robert Engle, the Volatility Institute will feature its own volatility lab, or "Vlab," which provides real-time measurements and forecasts of volatility for a wide range of assets including equities, exchange rates, commodities and bonds. The Vlab’s beta public release took place on March 1. It is currently running 300 analyses each day on 84 datasets using both classic models and some of the latest advances in financial econometrics.
MBAs find work in government, healthcare
The US government and healthcare sectors are still hiring MBA graduates this year as they increase their recruitment, according to the latest recruiting survey from the US-based MBA Career Services Council. Meanwhile careers in financial services, consultancy and real estate are continuing to fall away. The survey reveals that 60% of career professional respondents believe that full-time on-campus opportunities decreased by more than 10% this year compared to 2008. Although the figures confirm those that have been circling anecdotally in the industry for months, they also reveal a steep drop in confidence at business schools, expressed by a reduced number of recruiting activities at business programs. Most schools also reported that the number of internship opportunities has decreased.
Grande École switches to English from French
The CERAM Business School will set become the first of France’s Grand École business schools to teach all its programs in English, rather than French. The decision has resulted in a 30% increase in applications, said Alice Guilhon, director of CERAM. She said the move is particularly important for a school such as CERAM, which prides itself on its links with global technology and information companies. The only exception to the rule will be on CERAM’s campus in Suzhou, which will offer Mandarin as well.