Business school briefing: career Q&A, cybercriminals
Welcome to the business school briefing. We bring you insights from Andrew Hill and Jonathan Moules, as well as a selection of the best stories read in business schools. Edited by Wai Kwen Chan and Andrew Jack.
Are you ready for the future workplace? University students, faculty and guidance services staff are invited to join The Financial Times for a virtual question-and-answer session, on Wednesday, May 19 at 12 p.m. ET (5 p.m. GMT / 9 a.m. PT), to discuss employment trends, ways to prepare yourself (or your cohorts) for hybrid work models, and how companies are approaching diversity and inclusion.
Andrew Jack, FT’s Global Education Editor, will moderate. Panelists are from FT, Syracuse and Fordham business schools and LinkedIn. Register on: https://enterprise.ft.com/future-leaders/workplace
Would you like to know more about management?
View our new directory of leading executive courses from business schools around the world, as well as a list of custom program providers. The directories allow users to search and examine different data points, including school name, location, number of attendees, and income range.
Andrew Hill Management Challenge
DarkSide, the ransomware group accused of shutting down a vital US fuel pipeline, appears to be using the tools of corporate capitalism to attack corporate capitalism itself. In this week’s column, I discussed how hackers’ use of public relations, online recruiting, and legal jargon trick victims into thinking they can deal with criminals.
For my management challenge this week imagine you are the general manager in the face of a ransomware attack. What’s your first response to hackers who say they’ve encrypted your data? And how could you then cope with the attack? Send your responses to email@example.com.
In additional reading this week, Marion Halftermeyer dug deep into the tradition and culture of Pictet, the secret Swiss private bank, for Bloomberg. “Until a few years ago,” she writes, “the business was so old-fashioned that managing partners were expected to be treated as Our Sieur, an official French title for sire. “
News from Jonathan Moules business school
Executive training is evolving, with a lot of new entrants, as I explained in this article for our last report. The latest alternative training provider to offer leadership training is The Economist, which has created a executive training arm in partnership with online course provider 2U.
Could we go back to the office to learn? You could if you work in Canary Wharf in London, where the owner has ceded top-notch office space for business school classrooms. UCL School of Management has taken an additional floor in One Canada Square to provide additional capacity after the number of postgraduate business administration students has increased by 70% since 2019.
Scott DeRue is stepping down next week as dean of the Ross School of Business at the University of Michigan, for an undisclosed role in the industry. His interim replacement was announced by the school last week – economics professor Francine Lafontaine.
Find out more this week, what follows report Professor Sonya Grier from the Kogod School of Business at American University suggests why there isn’t more diversity among business school teachers. Inclusiveness is about those standing at the front of the class as well as the students who make it up.
Companies with 20,000 or more employees are expected to order at least three times as many programs as small organizations, for example Andrew Jack, Leo Cremonezi and Sam Stephens. Those with between 1,000 and 20,000 employees will sponsor, on average, between six and eight executive education programs this year.
Smaller companies will sponsor around four programs, an increase from 2020, when companies with fewer than 1,000 employees order fewer than three on average.
A more in-depth analysis regarding the future of executive learning can be found.
The best business schools read
Wall Street ends lower as inflation debate intensifies Fed governor Lael Brainard and investor Cathie Wood weigh in on volatile day for markets
Israel’s conflict with the Palestinians widens International media building destroyed as Gaza bombing continues
Consumer prices in the United States are rising at the fastest pace since 2008 S&P 500 in biggest one-day decline since February after inflation measure hit 4.2% in April
What is your knowledge of the news?
To view previous newsletters, visit: ft.com/bschool.
If you are an FT subscriber and this e-mail has been sent to you, you can subscribe to the FT Business School Briefing.