Manchester Business School
|Manchester Business School|
|Established||1918 as Department of Industrial Administration (1965 as Manchester Business School. 2004 for the merged MBS)|
|Director||Professor Fiona Devine (acting head)|
|Location||Manchester, England, United Kingdom|
|Affiliations||University of Manchester|
Manchester Business School (MBS) is the largest department of the University of Manchester in Manchester, England. According to Bloomberg Business Week's ranking of the world's best business schools the MBS MBA is ranked third in the world. According to the Financial Times 2011 Global MBA Rankings, its M.B.A programme is ranked 29th in the world and its Post Graduate and Doctoral program is ranked 1st in the world. MBS "Marketing" has been ranked 9th in the world and its "International Business" has been ranked 10th in the world as per the Financial Times 2012 ranking. As now constituted it includes departments from both the former Victoria University of Manchester's Faculty of Business Administration, and from UMIST.
The "new" Manchester Business School was formed in 2004 as a result of the merger of UMIST's Manchester School of Management, the Institute of Innovation Research (IoIR), the Victoria University of Manchester's School of Accounting and Finance, and the "old" Manchester Business School. Prior to merger the constituent parts of new MBS formed, from 1994, the "Manchester Federal School of Business and Management"  and occupied nearby buildings either side of Oxford Road
The foundation of the School dates back to 1918 when the Manchester Municipal College of Technology (as UMIST was then called) pioneered academic training in management, with the formation of a Department of Industrial Administration funded by an endowment from asbestos magnate Sir Samuel Turner. The London School of Economics and Manchester Municipal College of Technology were the first higher education institutions in the UK to follow the US trend of offering postgraduate management programmes in the 1930s. The Department of Industrial Administration was heavily influenced by management science pioneer Charles Garonne Renold. The Robbins Report in the 1960s recommended that two national centres for postgraduate business education be created, and the Franks Report subsequently suggested that one would be in London centred on the University of London, and one in Manchester centred on the (Victoria) University and UMIST. As a consequence, Manchester was one of the first two business schools in the UK offering MBA degrees.
The school comes under the Faculty of Humanities of the University of Manchester. As of 2008[update] with over 200 teaching staff it is the largest campus-based business school in the country, and has an international student composition as three quarters of its student body is from outside the UK.
Manchester offers Ph.D (full and part time); D.B.A - Doctor of Business Administration (executive part time); M.B.A - Master of Business Administration (full time, executive part time, and blended learning); several specialist masters programmes as well as undergraduate degrees. Entry requirements for undergraduate and postgraduate degrees are both highly competitive. For popular undergraduate courses such as Accounting and/or Finance there are just 70 places available for approximately 1600 applicants. As of 2006, a minimum work experience of 3 years and a good GMAT is required for admission to the MBA programs.
The 18 months full time MBA program is known for its "Manchester Method" which puts emphasis on learning by doing throughout the entire duration of the programme, including significant real life projects. In addition, the school offers the so-called "Manchester Gold" programme, a mentoring scheme to provide students with opportunities to meet regularly with professionals from a wide variety of sectors and industries. Last year's mentors, for example, came from high-profile companies such as Morgan Stanley, PricewaterhouseCoopers, Royal Dutch Shell Group, IBM Global Services and GlaxoSmithKline among many others.
Professor Michael Luger Ph.D MCP (UC Berkeley) MPA AB (Princeton) is the new Director since January 2007; he joined from the Kenan-Flagler Business School, part of University of North Carolina at Chapel Hill. The school's advisory board is chaired by businessman Tony De Nunzio.
Accreditation and reputation
Among the bodies validating MBS programmes, the British Psychological Society validates its Organizational Psychology masters, and the Chartered Institute of Personnel and Development its HRM MA degree. Its MBA is one of a select band worldwide which receive triple accreditation by AACSB International, AMBA and EQUIS. It is also a program partner of the CFA Institute.
In 2011, the school was ranked among the top 30 business schools in the world for its MBA program, and 1st in the world for its doctoral program (both Ph.D and D.B.A). It is placed 11th in Europe and 4th in the UK, while being 6th in Europe for percentage salary increase of its graduates. Regarding international experience, MBS is 17th in the world and 7th in the Europe as well as is ranked 13th in the world for the career progress of its alumni. The average salary of Manchester's MBA graduates after three years is US$116,100 - the 12th highest of European business schools.
Other rankings, such as the most recent Forbes survey, which lists business schools on their "return on investment" via a survey of alumni salaries, put Manchester 2nd in the UK and 5th in the world. In the Which MBA? survey MBS reached the 5th place in the UK, 8th in Europe and 30th in the world. The MBA Career Guide of international MBA recruiters placed Manchester 2nd in the UK, 7th in Europe and 15th in the world. In the 2009 QS Global 200 Business Schools Report the school was ranked 14th in Europe.
Furthermore, Manchester was selected by UK Border Agency as part of the Highly Skilled Migrant Programme which gives MBA-graduates from the world's top 50 business schools extra qualification points and helps them meet visa requirements to work in the UK. The Quality Assurance Agency for Higher Education (QAA) assessed the school's teaching quality with 24 out of 24 points.
Global MBA programme
MBS offers a unique part-time option for Master of Business Administration students called the Part-time Global MBA. This programme provides online instruction along with the ability for students to study at any of seven global centres, while receiving the same degree. Students are able to take classes in Manchester, Brazil, China, Hong Kong, Singapore, Dubai and Miami. Students spend one week per semester attending workshops at one of the seven centres, and ten nights' hotel stay is included with the cost of tuition. Each centre has its own team of staff and facilities and all of them together support over 3,500 students from more than 100 countries around the world. The same faculty members teach across the centres representing forty different countries.
The older part of MBS, called "MBS West" is part of the University Precinct Centre complex on the southwest corner of Oxford Road and Booth Street West. The building houses lecture and conference suites and restaurant facilities including a 101-room hotel. It is also the home of the MBA programme. The complex was designed by Hugh Wilson and Lewis Womersley and dates from the 1970s. The newer part "MBS East" lies on the northeast corner of Oxford Road and Booth Street East. It was completed in 1997 at the time when the UMIST departments co-located to form the Federal School. The building cost £7m and was designed by London architects ORMS. MBS East currently houses undergraduate services and some of the Research Centres of MBS.
Manchester Accounting and Finance Group (MAFG) of MBS is located in Crawford House, which is situated opposite MBS East on the southwest corner of Oxford Road and Booth Street West and is linked via a pedestrian walkway. The Manchester Enterprise Centre, pioneer of the Master of Enterprise degree, is located in the Zochonis Building, Brunswick Street
|This section does not cite any references or sources. (November 2010)|
In the previous 2001 Research Assessment Exercise (pre-merger) the 'old' Manchester Business School and Manchester School of Management were both rated 5. Manchester School of Accounting and Finance is one of only two accounting and finance schools in the UK rated as 6* by the RAE (i.e. with RAE 5* rating for two consecutive periods). According to a survey published by Accounting and Finance in 2008, MBS is ranked as the "world number one for accounting research".
Manchester has several research centres of international standing. These include those in the areas of decision sciences, employment and labour studies, technology management and innovation, and critical management studies. Among its Professors with World-ranked reputations are Professors Luke Georghiou, Ian Miles, Richard Nelson and Giovanni Dosi (Manchester Institute of Innovation Research), Professor Fang-Lee Cooke (Chinese Business and Employment), Professor Colin Talbot (Public Policy and Management), Professor John Hassard (Organization Studies), Professor Mick Marchington (HRM), Professor Jill Rubery FBA (Employment Studies), Professor Andrew Stark (Finance), and Professor Richard Whitley (Business Systems). Professor Karel Williams is currently co-heading a major new centre for the research of social change called CRESC.
|This section does not cite any references or sources. (September 2010)|
- Sudhir Agrawal – COO MEA & APAC, Aegis Limited
- Richard Anao, Chairman, Nigerian Accounting Standards Board
- Ismail Amla, Head of North America & Member of Global Executive Management Team, The Capital Markets Company
- Tony Bickford, Former Chairman, QAS
- Tom Bloxham, founder of influential regeneration firm Urban Splash; Chancellor of the University of Manchester
- Liam Byrne, Member of the British House of Commons and Minister of State
- Parineeti Chopra, Bollywood Actress
- Roger Crook, Chief Executive Officer, DHL Global Forwarding, Freight
- Don Cruickshank, Chairman of SMG plc and former chairman of London Stock Exchange
- Andy Duncan, Chief Executive of Channel 4 television
- Michael Earl, former Lecturer at MBS and current Dean of Templeton College at the University of Oxford
- Keith Edelman, Managing Director of Arsenal Football Club
- Rijkman Groenink, Chairman of the Managing Board, ABN AMRO
- Robert H. Herz, Chairman, US Financial Accounting Standards Board (FASB)
- Nicholas Lander, restaurant critic for the Financial Times and consultant to the restaurant industry
- Sir Terry Leahy, Chief Executive Officer of Tesco, the largest British supermarket chain. He was chosen as Britain's "Business Leader of the Year" in 2003 and the Fortune European Businessman of the Year for 2003 and was selected as Britain's most admired business leader by Management Today in 2005
- Tony Lloyd, former Member of Parliament for Manchester Central and current Police and Crime Commissioner for Greater Manchester
- Michael D. Parker, Chief Executive Officer, BNFL
- Andrew Pettigrew, currently Dean of the University of Bath School of Management
- Jurek Piasecki, Chairman and Chief Executive, Goldsmith Group plc
- Brian Quinn, Former Deputy Governor of the Bank of England and Chairman of Celtic F.C board
- James Ross, Former Chairman, The Littlewoods Organisation
- Paul Skinner, Chairman, Rio Tinto
- Brenda Smith, Group Managing Director of Ascent Media Group and Former Managing Director of Granada Television
- Sir Roland Smith, former director of the Bank of England and former chairman of Manchester United
- Vijit Supinit, Chairman, Stock Exchange of Thailand
- David Varney, Executive Chairman, HM Revenue and Customs
- Andreas Vranas, Vice-Governor, National Bank of Greece
- Uttam Bansal
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|Wikimedia Commons has media related to Manchester Business School.|
- Manchester Business School – official website