Student social impact, team dysfunction, school donations

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Welcome to Business School Briefing. We offer you insights from Andrew Hill and Jonathan Moules, and the pick of top stories being read in business schools. Edited by Wai Kwen Chan and Andrew Jack.

Noticeboard

The Business School Briefing newsletter will return on Monday, January 11, 2021. Season’s greetings.

Read: Demand grows for student-led impact investment funds Universities offer ethical fund-management experiences as part of studies, but finding a related job is tough

Are you an MBA, EMBA and Masters in Management/Finance alumni who is interested in helping Financial Times with their research on helping current students with networking. If yes, please contact [email protected].

The Financial Times seeks your feedback on how to best measure research output from business schools to better capture its value. Please take part in our survey to help us update our analysis of business schools’ research in the rankings, with a focus on assessing the impact on society.

Andrew Hill’s management challenge

Teamwork ought to ease the burden. But collaboration is full of pitfalls and the pressure to collaborate can actually increase the intensity of work and the risk of burnout, as I’ve written this week.

A new study in MIT Sloan Management Review identifies six types of team dysfunction — and some ways to relieve the problems — but for my management challenge, I’d like to hear your tips about improving teamwork without adding to the burdens of other team members. Send your ideas — what works, and perhaps what doesn’t — to [email protected]. We will feature the best responses when this briefing returns in January.

In further reading, see the sad story of entrepreneur Tony Hsieh’s spiral into “alcohol, drugs and extreme behaviour”, by the Wall Street Journal’s Kirsten Grind, James R. Hagerty and Katherine Sayre. In part, it is a cautionary tale of choosing the right people to advise you: “In Las Vegas and at Zappos [the online shoe retailer where he had been chief executive], Mr Hsieh always had a strong group of friends who questioned his grandiose ideas and were able to stop him when his plans didn’t make sense. In Park City he was surrounded by people who only told him ‘yes’, one of his close friends said.”

Jonathan Moules’ business school news

Most business schools are not doing enough to maintain the links that encourage their alumni to donate to the institution later in life, according to a report published by educational research company Carrington Crisp and the accreditation body EFMD.

The survey of 1,200 alumni from 75 countries found a link between the degree a former student felt connected with their school and their willingness to give it money. However, only 17 per cent of respondents agreed that they were engaged with their school.

And finally, for all those who started MBAs this year, you might want to hold off sending your job application to Elon Musk. The Tesla chief executive told the Wall Street Journal CEO Summit that the biggest problem in US business was the “MBA-ization of America”.

Data line

Belgian Masters degrees in business offer the most value for money among FT-ranked European schools, says Sam Stephens.

The ranking below shows which countries offer the best value for money based on tuition costs, fees, other expenses and alumni’s wages. Data were collected from surveyed alumni taking part in the FT MBA, Executive MBA or Masters in Management 2020 rankings.

Belgium
Italy
Switzerland
France
Ireland
Netherlands
Germany
UK
Portugal
Spain

Graduates who studied in Belgium can pay off their outstanding tuition costs in an average of 1.13 years, compared with 1.51 years for Europe.

FT data show that European schools, on average, offer better value for money for students than the rest of the world. A more in-depth analysis can be seen in Charting European business school graduates’ progress.

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Top business school reads

Boris Johnson warns Britain to prepare for no-deal Brexit Brussels introduces temporary measures to cover airlines and hauliers if trade talks fail

Milton Friedman was wrong on the corporation The doctrine that has guided economists and businesses for 50 years needs re-evaluation

Finance jobs stayed in London after Brexit vote Exclusive: FT survey of banks and asset managers finds employment shift to EU is yet to happen

Back issues

To view previous newsletters, go to: ft.com/bschool.

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