11th consecutive year in the FT Rankings

Maybe you saw that the MBA Rankings from the Financial Times were released today. In a year that might be considered tough for UK schools, and with a number of new schools entering the rankings, we were pleased to see that we had improved slightly. We are now 13th in the UK, 24th in Europe and 88th in the world. One could argue that with an estimated 10,000 MBA programmes in the world a position as #88 ought to be considered excellent – a dream position. Those in the know will tell you that this is not quite the case. And so while we are happy to have improved, albeit slightly, we will keep refining our offering to ensure a worthwhile MBA experience.

If you want to hear more about our programme offering you will have the opportunity to meet us at a number of the MBA fairs. In the QS World MBA Tour we will be attending the fairs in:

  • New York
  • Washington
  • Boston
  • Toronto
  • Almaty
  • Moscow
  • Geneva
  • Frankfurt
  • Paris
  • Accra
  • Lagos

You can also meet us at the postgradireland Further Study Fair in Dublin on 16 February and the British Council Fairs in Thessalonica (13 April) and Athens (16 & 17 April).

So come and join us!

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Bank bonuses back in the spot light

With 2011 upon us the continuing issue of bankers bonuses have resurfaced amidst news that even the banks that you and I “own” through tax payer bail-outs are planning to pay bumper bonuses again. A little restraint has been show but this comes amidst pay rises of up to 40% to compensate. Having strongly criticised the then government in 2009 for not doing enough, the Chancellor George Osborne is now showing little inclination to do something. The Guardian reports that “Downing Street admitted it had backed away from a confrontation over bank bonuses.

Should we be so critical? After all, we don’t seem to get all worked up about other industries paying big bonuses. There is an argument for a yes to that question. After all, other industries have not brought the UK to the brink of bankruptcy.

Another problem is of course that the banking industry now consider bonuses as a right no matter the performance of the bank, so much so that bonuses were paid even when banks had to be bailed out. It is no longer a reward for good performance for the bank as a whole. This leads to a second issue that has to be addressed when it comes to any kind of bonuses. They have to be related to the over-all performance of the organisation rather than the performance of the individual. Otherwise, how would you avoid deals being cut simply to boost an individual’s bonus with no regard for how it influences the wider scheme? Short-selling spring to mind.

It is rather depressing.

On a more cheerful note – “my” MBAs are back in town. It was great catching up with them yesterday when we had a welcome back session. At the same time we say welcome to exchange students from EADA (Veronica), ESSEC (Anne) and Fisher College of Business (Katherine and Ryan). MBA time really flies from now on.