Cass Business School

Cass Business School
Motto	Cass means business
Established	1966
Type	Undergraduate, Postgraduate, Executive Education, Research
Dean	Richard Gillingwater
Admin. staff	ca 500
Students	3495
Undergraduates	1300
Postgraduates	1300
Doctoral students	100
Location	London, United Kingdom
Affiliations	The Association of MBAs (AMBA) The European Quality Improvement Scheme (EQUIS) Association to Advance Collegiate Schools of Business (AACSB)
Website	www.cass.city.ac.uk

Cass Business School (short for the Sir John Cass Business School) is the business school of The City University (known as City University, London). Established in 1967 as the City University Business School (CUBS), the school changed its name in August 2002 following a donation from the Sir John Cass Foundation,^[1] an educational charity based in the City of London.

The school is divided into three faculties: the Faculty of Actuarial Science and Insurance, the Faculty of Finance and the Faculty of Management.^[2] It awards BSc (Hons), MSc, MBA and PhD degrees and is accredited by the Association of MBAs (AMBA) in the United Kingdom,^[3] the European Quality Improvement Scheme (EQUIS) in Europe,^[4] and the Association to Advance Collegiate Schools of Business (AACSB) in the United States.^[5] Cass is the largest European provider of specialist MSc degrees in financial services. The school’s Alumni Association has more than 31,000 members in 154 countries.^[6]

Cass Business School is ranked 3rd in the United Kingdom, and 12th in Europe in the Financial Times European Business School ranking.^[7]

Cass is located close to the centre of London's financial and commercial district, the City of London,^[8] and is the only business school with its base there. The school's stated aim is to be "the intellectual hub of the City" by forging links with financial institutions and multinational corporations as well as start-up businesses.^[9]

The Dean of Cass Business School is Richard Gillingwater, CBE.

History

The City of London University Business School was founded in 1966 as part of City University, which was founded in 1894. The school’s MSc in Administrative Sciences began in 1967 and became the MBA in 1979.

In 2002 the school moved to new premises and changed its name as part of a strategy formed by Lord David Currie, who had become Dean the year before, to compete as an international business school in a market dominated by US universities.

The school had previously been spread out across the City of London’s mainly residential Barbican Centre development and did not have its own front door. Half of the £40 million funding for the new building came from the reserves of City University. The school also received a one-off gift from Sir John Cass’s Foundation.^[10]

The school changed its name to reflect the support of the Foundation, which was founded in 1748 to educate children in the City of London. Sir John Cass, whose bequest formed the basis of the Foundation’s funds, was a former Sheriff of the City of London and Member of Parliament for the City.

Currie’s aim was to capitalise on the school’s links with the City of London, whose municipal Corporation had helped establish City University Business School in the 1960s. As well as investing in new premises and programmes, such as an Executive MBA in Shanghai, he introduced performance-related salaries to attract additional staff to Cass^[11]

Currie stepped down as Dean after almost seven years in 2007 and handed over to Richard Gillingwater, who joined from the UK Shareholder Executive (UKSE), where he was Chief Executive and then Chairman.

Before joining UKSE, Gillingwater had a long career in the City, including as Chairman of European investment banking for CSFB (now Credit Suisse)^{[citation needed]}. In this role he acted as an adviser to the UK government on many projects^{[citation needed]}, which ultimately led to his appointment at UKSE. He was awarded a CBE in the Queen’s Birthday Honours List 2008 in recognition of his services to the financial services industry^{[citation needed]}.

Rankings and reputation

Cass is accredited by AMBA^[3] in the UK, EQUIS^[4] in Europe and AACSB^[5] in the US.

In the 2010 Financial Times European Business Education Rankings, Cass was ranked the third best business school in the UK (12th in Europe), a rise of one place in each category year-over-year.^[12]

Additionally, the FT ranked the Full-Time MBA 32nd in the world for 2011 (up 9 places from the previous years).^[13] The Executive MBA was ranked second in the UK, fourth in Europe and 10th in the world by the FT for 2010 (the most recent rating).^[14] The FT ranked the MSc in Management second in the UK and 15th in Europe, and placed the school’s PhD programme in the top 30 in the world for 2009.^[14] In the 2009 QS Global 200 Business Schools Report^[15] the school was ranked 19th in Europe. The MSc in Finance programme is ranked 11th in the world by the 2011 FT rankings.

Cass Business School has the largest concentration of insurance and risk specialists of any university in Europe. Its research in insurance had been ranked 2nd in the world (in a study on behalf of the Journal of Risk and Insurance)^{[citation needed]}.

The school retained its positions as first in London and third in the UK for undergraduate courses in business, management and finance in The Guardian's Good University Guide 2010.^[16]

In November 2009, Cass became an official CFA Program Partner when five Cass MSc Finance courses were approved by the CFA Institute.^[17] Cass is one of only 10 UK business schools to have official recognition from the CFA, which The Economist ranks as the most important standard among investment analysis designations^{[citation needed]}.

The five CFA-approved courses are: MSc in Finance, MSc in Banking and International Finance, MSc in International Accounting and Finance, MSc in Investment Management, and MSc in Finance and Investment (part-time).

Cass rose to ninth position from 15th for the quality of its business and management research in the 2008 Research Assessment Exercise (RAE), which judges the quality of research across higher education in the UK. RAE rated 55% of all research at Cass as world-class or internationally excellent.^[18]

In 2007, Cass was the first UK institution to be designated a Securities & Investment Institute (SII) Centre of Excellence. The Centre of Excellence designation means that Cass graduates who complete the MSc in Finance or the MSc in Investment Management will also be eligible for the award of the SII Diploma (which will become formally known as the ‘SII Masters’ programme) without having to take any of the SII exams.^{[citation needed]}

World Rankings

	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
FT Global MBA Rankings		32[19]	41[20]	41[21]	41[22]	73[23]	47[24]	60[25]	42[26]	68[27]	81[28]
FT EMBA Rankings		29[29]	10[30]	21[31]	13[32]	18[33]	15[34]	10[35]	13[36]	22[37]	15[38]
FT MSc Management		16[39]	17[40]	15[41]	14[42]	17[43]
FT European Business School			12[44]	13[45]	14[46]	14[47]	19[48]	9[49]	6[50]
Forbes Non-USA 1 Year MBA		9[51]		6[52]
Economist		37[53]	53[54]

Specialist masters courses

Cass is currently the largest provider in Europe of specialist masters courses^[1] geared towards the global financial services industry. With more than 20 programmes including Investment Management, Banking and International Finance, Quantitative finance, Supply Chain Management, Energy & Finance, Property valuation, Mathematical Trading, Real Estate, International Accounting & Finance, Finance & Investment, and Real Estate Investment.

The CFA Institute awarded five Cass MSc finance courses CFA Program Partner Status in 2009.^[55][56]

The five programmes which were approved are:

• MSc in Finance
• MSc Banking and International Finance
• MSc International Accounting and Finance
• MSc Investment Management
• MSc in Finance and Investment

Cass MBA

The Cass MBA is offered full-time through a one year course, or through two years part-time Executive MBA, or two years through the modular Executive MBA. The EMBA was ranked 10th in the world by the Financial Times in 2010.^[57] The full-time MBA was ranked 32nd in the world in the 2011 FT Global ranking.^[58]

The Higher Education Funding Council for England gives Cass's business and management teaching the highest rating of ‘excellent’. The Cass MBA is recognised and accredited by both the Association of MBAs (AMBA^[3]) and the European Quality Improvement Scheme (EQUIS^[4]).

In September 2007 Cass Business School started EMBA in collaboration with DIFC (Dubai International Financial Centre). This programme is delivered through e-learning and work shops taught by visiting Cass academia once in a month over long weekends.

International partners

Membership of the Alliance of Management Schools in European Capitals (AMSEC) provides opportunities for research collaboration with fellow schools in Paris, Brussels, Rome, Berlin, Madrid and Oslo

The school works with the following international partners,^[59] these are:

• Chinese University of Hong Kong (CUHK), Hong Kong University (HKU), Hong Kong University of Science & Technology (HKUST)
• Universität Wien, Vienna*
• European Business School International University Schloss Reichartshausen, Germany*
• Ecole de Commerce Solvay, Universite Libre de Bruxelles (ULB)*
• Ecole Supérieure de Commerce de Paris (ESCP)* and Universite Paris-Dauphine
• Technische Universität Berlin (TUB)*, Technische Universität München (TUM)
• International Hellenic University (IHU)
• Quinn Business School, University College Dublin
• Bocconi University Milan, and (LUISS)* Rome
• University of Barcelona, Universidad Complutense de Madrid* and Universitat Pompeu Fabra, Barcelona
• Rotterdam School of Management, Erasmus University
• Norwegian School of Management, Oslo
• Singapore Management University and The National University of Singapore
• Stockholm University School of Business
• Goizueta Business School, Emory University (Atlanta, Georgia) and University of Illinois at Urbana-Champaign
• Concordia University, University of Waterloo, HEC Montreal, University of Western Ontario and Queen's University
• Beijing Normal University, Zhuhai

(* Denotes members of Alliance of Management Schools in European Capitals (AMSEC), of which Cass is a founding member)

Research centres

Research centres at Cass Business School include:

• The Actuarial Research Centre
• Alternative Investments Research Centre (AIRC)
• Asian Business Research Centre
• Centre for Banking Research
• Centre for Charity Effectiveness
• Centre for Econometric Analysis (CEA@Cass)
• Centre for Financial Regulation and Crime (CFRC)
• Centre for Leadership, Learning and Change (CLLC)
• Centre for New Technologies, Innovation and Entrepreneurship (CENTIVE)
• Centre for Research in Corporate Governance
• Centre for Research on European Financial Markets and Institutions (CREFMI)
• Emerging Markets Group (EMG)
• Film Business Research Centre
• International Centre for Shipping, Trade and Finance
• Mergers and Acquisitions Research Center (MARC) - sponsored by Credit Suisse, E&Y and MergerMarket.[3]
• Pensions Institute
• Private Equity and Venture Capital Research Centre (PERC)
• Research Centre for Real Estate Finance
• Risk Institute

Notable alumni

• Peter Cullum - British entrepreneur, founder of the Towergate Partnership, the largest independently owned insurance intermediary in Europe, UK Entrepreneur of 2005
• David Essex - Chairman of Bemrose Group
• Sir Stelios Haji-Ioannou - Founder of easyGroup^[60]
• Robert P. Kelly - Former CEO of Bank of New York Mellon. Previously CFO of Mellon Financial Corporation and Wachovia Corporation
• Muhtar Kent - CEO of The Coca-Cola Company. Formerly, President and COO of Coca-Cola International and Executive Vice President of The Coca-Cola Company
• Liu Mingkang - Deputy Governor, People's Bank of China^[60]

References

1. ^ ^{a b} "Fact Sheet". Cass Business School. Archived from the original on 2010-01-19. http://www.webcitation.org/5mt1o171I. Retrieved 2009-11-28. 
2. ^ "The Faculties". Cass Business School. Archived from the original on 2010-01-19. http://www.webcitation.org/5mt2n13x5. Retrieved 2010-01-19. 
3. ^ ^{a b c} "Cass in new world rankings and re-accredited by AMBA". Association of MBAs. 2006-05-19. Archived from the original on 2010-01-19. http://www.webcitation.org/5mt3O40bs. Retrieved 2010-01-19. 
4. ^ ^{a b c} "EQUIS Accredited Schools". EFMD. 2009-11. Archived from the original on 2010-01-19. http://www.webcitation.org/5mt33r0gu. Retrieved 2010-01-19. 
5. ^ ^{a b} "AACSB Accredited Schools Listing". AACSB. 2010-07. https://www.aacsb.net/eweb/DynamicPage.aspx?Site=AACSB&WebKey=ED088FF2-979E-48C6-B104-33768F1DE01D. 
6. ^ "Cass Alumni Statistics". Cass Business School. Archived from the original on 2010-01-19. http://www.webcitation.org/5mt3kukmv. Retrieved 2010-01-19. 
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10. ^ Braid, Mary (9 May 2002). "The Independent MBA: How City is realising a dream". The Independent (London). http://www.independent.co.uk/student/postgraduate/mbas-guide/the-independent-mba-how-city-is-realising-a-dream-650785.html. 
11. ^ "Cass soars to take on the global high-fliers". Times Higher Education. 2004-10-15. http://www.timeshighereducation.co.uk/story.asp?storyCode=191787&sectioncode=26. Retrieved 2010-11-14. 
12. ^ "Business school rankings from the Financial Times". Rankings.ft.com. http://rankings.ft.com/businessschoolrankings/european-business-school-rankings-2010. Retrieved 2010-11-14. 
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16. ^ "University guide 2010: University league table". The Guardian (London). 2009-05-12. http://www.guardian.co.uk/education/table/2009/may/12/university-league-table. 
17. ^ "Cass Business School Becomes CFA Program Partner". Cfainstitute.org. 2010-05-10. http://www.cfainstitute.org/about/press/release/Pages/05102010_29999.aspx. Retrieved 2010-11-14. 
18. ^ "RAE 2008 : Quality profiles". Rae.ac.uk. http://www.rae.ac.uk/Results/qualityProfile.aspx?id=113&type=hei. Retrieved 2010-11-14. 
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51. ^ http://www.forbes.com/sites/kurtbadenhausen/2011/08/10/the-best-international-business-schools/
52. ^ Badenhausen, Kurt. "The Top Non-U.S. One-Year Business Schools". Forbes. http://www.forbes.com/2009/08/03/best-business-schools-09-leadership-careers-nonus1yr_slide_7.html. 
53. ^ . http://www.economist.com/whichmba/full-time-mba-ranking. 
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55. ^ "CFA Program Partners in Europe". CFA Institute. http://www.cfainstitute.org/cfaprog/university/europe.html. Retrieved 2010-02-24. ^{[dead link]}
56. ^ "Cass Business School | Cass becomes CFA Program Partner". Cass.city.ac.uk. 2009-11-16. http://www.cass.city.ac.uk/media/stories/story_21_180657_177817.html. Retrieved 2010-11-14. 
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58. ^ "Business school rankings from the Financial Times - Global MBA Rankings 2011". Financial Times. http://rankings.ft.com/businessschoolrankings/global-mba-rankings-2011. .Also in 2011, Cass's Finance Programme is ranked in top 11 in the world by Financial Times.
59. ^ "Study Abroad". Cass Business School. http://www.cass.city.ac.uk/undergrad/exchange/outgoing/index.html. Retrieved 2009-11-28. 
60. ^ ^{a b} "Cass Alumni are everywhere". Cass Business School. http://www.cass.city.ac.uk/undergrad/future/alumni.html. Retrieved 2010-01-09. 

Coordinates: 51°31′19.50″N 0°05′24.70″W / 51.522083°N 0.090194°W / 51.522083; -0.090194 Charanjit Bagri - Deutsche Bank

External links

• Cass Business School
• City University