Manchester Business School


Manchester Business School

Coordinates: 53°28′03.72″N 2°14′13.20″W / 53.4677°N 2.237°W / 53.4677; -2.237

Manchester Business School
Established 1918 as Department of Industrial Administration (2004 for the merged MBS)
Type Business School
Director Michael Luger
Location Manchester, England, United Kingdom
Campus Urban
Affiliations University of Manchester
Website http://www.mbs.ac.uk

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.[citation needed] According to the Financial Times 2011 Global MBA Rankings, its M.B.A programme was ranked 29th (and 34th in the three-year average ranking) and its Doctoral programme was ranked the best in the world.[1] As now constituted it includes departments from both the former Victoria University of Manchester's Faculty of Business Administration, and from UMIST.

Contents

History

MBS West seen from Booth Street West
Atrium of MBS East situated on the corner of Booth Street West and Oxford Road. It is the home to the Undergraduate Services and some of the Research Centres

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,[2] the "Manchester Federal School of Business and Management" [3] and occupied nearby buildings either side of Oxford Road[2]

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[4][5][6] funded by an endowment from asbestos magnate Sir Samuel Turner.[7] 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.[8] 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 around the University of London, and one in Manchester centred around the (Victoria) University and UMIST.[9] As a consequence, Manchester was one of the first two business schools in the UK offering MBA degrees.

Organisation

The school comes under the Faculty of Humanities of the University of Manchester. As of 2008 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.[10]

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.[11] 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.[12] 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.

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.

The school was recently ranked among the top 25 business schools in the world for the third time for its MBA program, and 1st in the world for its doctoral program (both Ph.D and D.B.A).[13] It is placed 9th in Europe and 4th in the UK, while being 5th in the world for international business and 4th in Europe for percentage salary increase of its graduates.[citation needed] Regarding international experience, MBS is 11th in the world and 1st in the UK as well as is ranked in the world's top 10 for the career progress of its alumni.[citation needed] The average starting salary of Manchester's MBA graduates is US$111,774 - one of the highest of European business schools.[citation needed]

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.[14] 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.[15] In the 2009 QS Global 200 Business Schools Report[16] 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.

Buildings

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.[17][18] 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.[2] 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

Research profile

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.

Notable alumni

References

  1. ^ "FT Business Education global MBA rankings". http://rankings.ft.com/global-mba-rankings. Retrieved 2010-09-27. 
  2. ^ a b c Snuggle up, I'm feeling optimistic, Times Higher Education, 4 April 1997 [1]
  3. ^ QAA University of Manchester Institute of Science and Technology Institutional Audit, November 2003, RG 041 04/04, ISBN 1-84482-045-9 [2]
  4. ^ Leonard Outhwaite, "Review: [untitled], Industrial Administration", The Journal of Philosophy, Vol. 18, No. 3 (Feb. 3, 1921), pp. 78-79 [3] (gives date as 1918)
  5. ^ E. S. Byng, "Post-Entry Training for Administration from the Industrial Aspect", Public Administration, Volume 21 Issue 1, pp. 1-12, 1943, doi:10.1111/j.1467-9299.1943.tb02556.x
  6. ^ Manchester School of Management web site, archived page from 2003
  7. ^ Geoffrey Tweedale, Philip Hansen, Magic Mineral to Killer Dust: Turner & Newall and the asbestos hazard, Oxford University Press, 2000, ISBN 0-19-829690-8, p. 7
  8. ^ Bruce MacFarlane, Roger Ottewill, Effective Learning and Teaching in Business and Management, Routledge 2001, ISBN :0-7494-3448-1 p4
  9. ^ Peter Venables, "Technical Education in Great Britain: Second Thoughts on the Robbins Report", International Review of Education; Vol. 11, No. 2 (1965), pp. 151-164
  10. ^ "MBS Student experience". MBS. http://www.mbs.ac.uk/mba/experience/your-colleagues.aspx. Retrieved 2008-01-28. 
  11. ^ "Corporate Services — Manchester Business School". University of Manchester web pages. University of Manchester. 2006. http://www.humanities.manchester.ac.uk/undergraduate/courses/course/?code=05151. Retrieved 2007-06-05. 
  12. ^ "Corporate Services — Manchester Business School". University of Manchester web pages. University of Manchester. 2006. http://www.mbs.ac.uk/services/consultancy-research/postgraduate-projects/international-business.htm. Retrieved 2007-05-18. 
  13. ^ "Financial Times MBA 2008". Financial Times. 28 January 2008. http://rankings.ft.com/global-mba-rankings. Retrieved 2008-01-28. 
  14. ^ "Forbes Which Business School Is Right For You?". Forbes. 17 September 2009. http://www.forbes.com/2009/08/04/business-school-screener-best-business-schools-09.html. Retrieved 2009-09-17. 
  15. ^ "Manchester Business School". MBS Website. University of Manchester. 17 December 2006. http://www.mbs.ac.uk/aboutus/ranking.aspx. Retrieved 2007-06-13. 
  16. ^ "QS Global 200 Business Schools Report 2009 North America". http://www.topmba.com/mba-rankings/global-200-business-schools-report/top-business-schools-2009/north-america. 
  17. ^ Brian Pullan & Michele Abendstern, A History of the University of Manchester, 1973-90. 2 vols. Manchester University Press, 2004 ISBN 0-7190-6242-X
  18. ^ N. J. Frangopulo, Review (untitled), British Journal of Educational Studies, Vol. 15, No. 3 (Oct., 1967), pp. 349-349

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