A $2 million gift from Temple University graduates Stanley and Franny Wang will support a fully endowed chair professorship at the Fox School of Business.
The couple’s philanthropic support allows the Fox School to create an endowed fund for the Stanley and Franny Wang Chair in Business and Management. This fully endowed chair will be held by a leading scholar in a department soon to be chosen, said Dr. M. Moshe Porat, the Fox School’s dean.
The Wangs’ gift to the Fox School, which was founded in 1918, ranks among the largest in the School’s history for the purposes of academic leadership.
“I am continually humbled by the generosity of our school’s graduates, and Stanley and Franny Wang serve as shining examples of this philanthropy,” said Porat. “The Fox School has a proud tradition of providing leading and cutting-edge business education. Stanley and Franny’s transformative gift will significantly enhance our efforts to attract the world’s top professors and most-renowned researchers—both now in our centennial year and throughout the school’s next 100 years.”
Stanley Wang is the founder, president, and chief executive officer of the Pantronix Corporation. Based in Fremont, Calif., Pantronix is a national leader in advanced packing, testing, and microelectronics assembly for industries ranging from semiconductor and automotive, to medical, computer, and military.
The Wangs earned MBAs from the Fox School of Business in 1972, with Stanley’s concentration in management, and Franny’s in accounting.
The Wangs have long supported the development and growth of the Fox School of Business. The school’s home in Alter Hall, which opened in 2009, houses the Stanley Wang MBA Business Center. The couple’s philanthropy has supported the building of schools and scholarship programs in rural China and California.
“Franny and I are lifelong advocates for the importance and value of education,” Stanley Wang said. “It is our hope that supporting the Fox School of Business in this way will launch bright futures for dynamic students and create a better world through education.”
Lisa Peskin, MBA ’86, never thought she’d work in sales.
“I had the same negative connotations most people do of the pushy, obnoxious car salesman,” says Peskin, whose focus in the Fox School of Business MBA program was marketing. “But my opinion of sales certainly changed; now I’ve been doing it for 31 years.”
Peskin started her own sales training and management company in 2003. In 2010, it evolved into Business Development University.
“BDU works with salespeople, and if they’re underperforming, we help them get their numbers,” explains Peskin. “If they’re average, we figure out how to get them good. If they’re good, we get them great. And if they’re great, we figure out how to turn them into superstars. We maximize the performance potential of the people we work with; we help each person and each team drive the numbers.”
Peskin, in addition to being the CEO of BDU, is presently writing a book. The topic? Sales!
“The focus of the book,” she says, “is what I wish people told me back in 1986 when I started in sales. I had to make so many mistakes, and I wish someone had taught me the fundamentals so I didn’t have to figure it out on my own.”
With her upcoming book in mind, we asked Peskin, who in the past has worked with Temple University Innovation and Entrepreneurship Institute to create workshops for students on similar topics, to share some of her sales secrets.
1. Have a well-defined game plan
“Most salespeople wing it every day; there’s no rhyme or reason to what they’re doing. How many coaches come into a game without a game plan? Doug Pederson, the Eagles’ coach, clearly had a well-defined game plan in their game against the Vikings. Salespeople need that, too. They need activity goals and result goals.”
2. Build strong networks
“In 1986, when I started in sales, it was dialing for dollars. There was no such thing as the Internet, or email, and it was all about knocking on doors and picking up the phone. The best way to fill your pipeline with good prospects is building a strong network of centers of influence who will be able to refer business on a consistent basis. The close ratios will be much higher if they come through networking.”
3. Leverage your existing customer base
“I have a concept called ‘squeeze the lemon.’ It’s not making lemonade out of lemons, it’s making the most out of every opportunity, every meeting, every day. Everything we do should be purposeful. A lot of times salespeople aren’t purposeful when it comes to their existing client base. The best way to get referrals is from happy customers.”
4. Uncover key information
“You must uncover the prospects needs and what they need to know. They need to know qualifying information, decision-making process and criteria, timelines, budget, and so on. Most salespeople are good at uncovering what the prospect needs, but not what they need to know to make the sale. They need to take a consultative approach.”
5. Prepare a customized presentation
“Most salespeople do what I call ‘showing up and throwing up.’ They go into presentation mode before they find out what the prospect cares about. When you walk into a physician’s office, they hand you a clipboard. Then you go into another office and they ask you the same questions and they take your vitals. Then the doctor does a full examination and they send you to get more tests and then they offer a diagnosis. Salespeople need to act more like doctors and not offer a diagnosis before they’ve done proper discovery.”
6. Handle objections effectively
“Most salespeople don’t try to handle objections, and the ability to properly and effectively handle them at the beginning and end of the sales process is critical. Objections aren’t a bad thing; salespeople have to stop thinking about it like that. Instead, they need to examine specifically why the prospect is objecting. There are six different objection handling techniques that we use to train people.”
7. Formulate a solid closing strategy
“Closing begins at the very beginning of the sales process. If you don’t set it up properly, you’re going to sound like a pushy, obnoxious car salesman trying to close at the end. There are about nine closing techniques. My favorite is the assumptive close, where if you’ve done everything right, you should be able to assume the sale.”
8. Maintain a positive attitude and stay motivated
“This is the most important thing. Are you willing to do what it takes to be successful and are you committed to it? The fact is you’re going to get way more ‘Nos’ than ‘Yesses,’ so you need a strong attitude, work ethic, and to stay motivated. In sales, you never get to take a breather because you’re only as good as your last month, last week, and last quarter. Attitude and motivation trump everything.”
Learn more about Fox MBA programs.
On February 2, Temple University’s Liacouras Center was buzzing with excitement for the Fox School of Business and School of Sport, Tourism and Hospitality Management winter graduation ceremony, where over 500 undergraduate and graduate degrees were conferred.
The keynote speaker was Lori Bush, MBA ’85. Following her position as the president of Nu Skin, the personal care brand, Bush served as the CEO and president of skin care company Rodan + Fields until her retirement in 2016.
In her speech, Bush, the author of a best-selling wellness book titled Write Your Skin a Prescription for Change, detailed how she achieved great things in her career by being scrappy, leveraging her strategic training, and pushing the limits of business with limited resources. She advised the new graduates to look at the small moments of everyday life through a business lens, as this can lead to meaningful, career-changing insights.
“Everything is business,” said Bush. “You have to take inspiration from everyday life—then just add business principles and stir.”
The student speaker was Beatrice Raccanello Esq., MBA ’17. Raccanello, a native of Italy, earned her law degree from Bocconi University in Milan, and then relocated to Philadelphia to earn her Master of Laws from Temple University’s James E. Beasley School of Law. While working full-time for the Beasley School, as the assistant director of the Office of Graduate and International Programs, Raccanello enrolled in the Fox School’s Part-Time MBA program.
Raccannello spoke about how she was initially afraid to move to an unfamiliar country, but that her experiences as an international student ultimately molded her into a bolder leader. She found strength and inspiration by working with other exceptional students in the Part-Time MBA program who, like her, had full-time jobs, family responsibilities, and other life commitments.
“We became better leaders,” she said, noting how beneficial it was to work with students who brought diverse backgrounds and professional perspectives to the classroom. “We were able to collaborate to pursue our dreams.”
I’m sitting in the middle of the dining area at the Temple University Main Campus location of honeygrow—the health-forward, fast-casual, customizable salad and stir-fry restaurant—strapped into a Google Daydream VR headset. In reality, I’m swiveling wildly and waving my arms like a lunatic. In virtual reality, I’m moving ingredients around—a cartoon chicken, an oinking pig, and a cheese wheel—to various shelves inside a walk-in refrigerator. It’s fun. I’m also learning quite a bit about food safety regulations.
This is one of the scenes in the VR experience honeygrow uses to onboard new employees. Created in collaboration with the Philadelphia-based experiential art shop Klip Collective, it’s the latest tech-savvy move from the company founded by CEO Justin Rosenberg, MBA ’09. When Rosenberg developed the business plan for honeygrow while studying at the Fox School, tech was an essential component, namely the automated kiosks that simplify the ordering process while creating a uniquely interactive experience for customers.
Honeygrow opened in 2012 and now has 23 locations in nine cities, including New York, Chicago, and Boston. Since honeygrow is constantly onboarding new employees, it wanted to develop an innovative, efficient way to teach newbies the ropes. Kyle Brown, honeygrow’s director of operations, estimates that about 100 people will take the VR training each year. He claims turnover has already dropped and employees are earning required training certifications at a significantly higher rate.
“Technology is not a silver bullet to stand out, but rather an operational enhancement to better streamline the experience for both guests and team members.” – Justin Rosenberg, founder and CEO of honeygrow
The first thing I see once jacked into the VR experience is Rosenberg welcoming me to honeygrow. Next I observe employees as they prepare menu items on the salad and noodle line. Then I’m thrown into the interactive walk-in exercise. I learn all about how raw pork and raw beef should not be stored together. I also witness an employee providing fantastic service to customers in a virtually crowded honeygrow dining room.
Virtual reality is a buzzing topic in the news, so using this technology in an inventive way has earned honeygrow attention from publications like Wired, The Washington Post, and Entrepreneur. In addition to optimizing new employee training and relations, it elevates the honeygrow brand by showing how much they value experimenting with new technology. And honeygrow’s success in virtual reality is raising the real bar—months after announcing its VR strategy, major companies like Kentucky Fried Chicken have jumped onboard to do the same.
“Technology is not a silver bullet to stand out, but rather an operational enhancement to better streamline the experience for both guests and team members,” explains Rosenberg. “It’s critical to be constantly searching for ways to thoughtfully and purposefully be better than our competition. And we love to figure out ways to be better than we were yesterday.”
Learn more about Fox School MBA programs.
The Global MBA program at Temple University’s Fox School of Business ranks among the national leaders in job placement rate and return on investment, according to Forbes‘ 2017 Best Business Schools ranking.
Forbes lauded the 100-percent job placement rate for Fox MBA graduates in 2016 as among the best in the country. The Fox School’s renowned Center for Student Professional Development (CSPD) oversees internship and job placement for graduate students.
“We have remained true to our university’s mission of providing accessibility to top-level services, strong industry connections, and an affordable, highly ranked education—a value proposition that offers a strong return on investment for our students,” said Dr. M. Moshe Porat, Dean of the Fox School. “A recent national trend among business schools dictates that as a program’s rankings soar, so too will its tuition. We want Fox to be the outlier to this trend.”
This marked the Fox School’s fifth consecutive appearance in Forbes‘ biennial survey, which was announced Sept. 25. The University of Pennsylvania’s Wharton School is the only business schools in the Philadelphia region to have been ranked.
The Forbes ranking is based on the return on investment achieved by graduates from the class of 2012. Forbes compared their total earnings in the graduates’ first five years out of business school, including salary, bonuses, and exercised stock options, to their opportunity cost (two years of foregone compensation, tuition, and required fees) to arrive at a five-year MBA gain. The five-year MBA gain represents the net cumulative amount typical alumni would have earned five years after getting their MBAs versus staying in their pre-MBA careers.
The Global MBA is the Fox School’s flagship, full-time MBA program. The 54-credit program, which can be completed in two years, has achieved a national reputation for its stellar job placement rates. The program combines experiential learning, paid internships, and international immersions into the global business environment. Students travel to and engage in emerging hotspots of social, economic, technological, and organizational innovation. The Fox Global MBA requires two international experiences.
Interest in the program is at an all-time high, with a 32 percent increase in overall applications and a 47 percent increase among international applications. The quality of admitted students has improved simultaneously. Fox Global MBA students average a 3.62 undergraduate GPA and a 640 GMAT score.
Learn more about the Global MBA program.
For media inquiries, contact Christopher A. Vito at firstname.lastname@example.org
Job-placement rate at time of graduation ranks No. 1 in the nation
The Global MBA program at Temple University’s Fox School of Business continues its ascent.
The flagship, full-time MBA program at Fox is ranked No. 32 in the United States, its highest ranking by U.S. News & World Report in program history.
The designation is part of U.S. News’ 2018 Best Graduate Schools rankings, which were released March 14. This marks a nine-spot improvement from last year’s rankings. Additionally, Fox’s Global MBA ranks No. 1 in the U.S. with a 91.9-percent job-placement rate at graduation, and with a 100-percent job-placement rate within three months of graduation.
The Fox School is the nation’s only AACSB-accredited business school with a top-5-ranked online MBA program, a top-10-ranked part-time program, and a top-35-ranked full-time program. In the same U.S. News rankings, Fox’s Part-Time MBA earned a No. 7 ranking among part-time programs. And in January, U.S. News ranked Fox’s Online MBA No. 1 nationally for a third consecutive year.
“Here at Fox, the momentum surrounding our collective suite of graduate-degree programs is showing no signs of slowing,” said Dean M. Moshe Porat. “The latest U.S. News rankings reflect our commitment to delivering globally recognized business education. Our Global MBA, in particular, is designed to help students experience the world and advance their careers through experiential learning. That’s why these latest rankings generate such great pride.”
The Fox Global MBA is a two-year program that combines experiential learning, paid internships, and a thorough immersion in the global business environment. Fox MBAs travel to, and participate in, emerging hotspots of social, economic, technological, and organizational innovation and entrepreneurship. The program features two required international experiences.
In addition, students provide professional-grade strategic solutions to paying clients in projects coordinated by the Fox Management Consulting (Fox MC) Practice.
Like all Fox students, those enrolled in the Global MBA program have access to the school’s renowned Center for Student Professional Development (CSPD), a comprehensive resource focused on preparing students for entry into the professional business environment. CSPD oversees internship and job placement for both undergraduate- and graduate-level students at Fox.
The 2018 edition of U.S. News’ Best Graduate Schools rankings is available at www.usnews.com/grad.
A short film produced by Shpat Deda, a 2015 graduate of Temple University’s Fox School of Business Global MBA program, received the British Academy Film and Television Arts (BAFTA) Award for Best Short Film.
Deda served as one of five producers on the short film, Home, which calls attention to the plight of refugees worldwide. The 20-minute film depicts a British family leaving its comfortable life and experiencing uncertainty and violence as refugees. The term “reverse migration” has been used to describe the plot of the film.
Deda accepted the BAFTA award, along with writer and director Daniel Mulloy, at BAFTA’s Feb. 12 ceremony in London’s Royal Albert Hall, to honor the year’s top contributors to British film.
In addition to its BAFTA win, Home also has claimed top prizes at 11 separate film festivals. It received donations from Open Society Foundation-London, USAID, and United Agencies in Kosovo to make the production possible.
The film holds special significance to Deda, an ex-refugee from Kosovo.
“No more than 18 years ago, I and the majority of the Kosovo cast and crew who worked on this film, were among the one million Kosovans displaced and turned into refugees as a result of a devastating war that was tearing our country apart,” Deda said. “In our misfortune though, we were fortunate enough to be living during a time when the world was one of open hearts and open doors. It’s what ultimately saved the lives of so many of us. My hope today is that we can be able to say the same for the millions of refugees out there who are frightened, facing an uncertain future, and without a home at this very moment.”
The Global MBA program at Temple University’s Fox School of Business is ranked among the top-50 programs in the United States, according to The Economist’s annual Which MBA? rankings.
The Fox School reached No. 44 nationally among all full-time, U.S.-based MBA programs, and is ranked No. 68 worldwide by the London-based weekly news magazine.
Released Oct. 13, The Economist’s Which MBA? rankings recognize the top-100, full-time MBA programs worldwide, according to three years of data (2014-2016) drawn from questionnaires of business schools, students, and recent graduates in areas such as quality of faculty and career services, student diversity, breadth of alumni network, and salary increase following graduation.
The Fox School earned a pair of top-10 national rankings from The Economist for its attention to career services and professional development.
The percentage of Fox Global MBA students who reported earning a job offer through Fox’s Center for Student Professional Development ranked No. 8 in the United States. The percentage of Global MBA students who received a job offer three months of graduation ranked No. 9 among U.S. programs.
The Fox Global MBA features RoadMap™, a revolutionary personal- and professional-development platform for assessing student performance using Microsoft Power BI, a suite of analytics tools used to analyze data and share insights. RoadMap™ allows students to identify gaps in their preparation for business leadership and provides a visual representation of their skills across all courses and competencies.
Students in the Fox Global MBA program benefit from experiential-learning opportunities for real clients within the Fox Management Consulting (Fox MC) practice capstone and a structured internship. Dual-degree options with the Fox School’s array of specialized master’s programs are also available.
The Fox School of Business at Temple University will introduce new academic programs for the 2016-17 academic year.
A Bachelor of Science program in Statistical Science and Data Analytics headlines the new offerings by the Fox School, and joins two undergraduate minors in Leadership and International Business Administration.
At the graduate level, students can elect for MBA concentrations in either Business Analytics or Enterprise Risk Management. In Fall 2016, Fox also will launch a Master of Science degree program in Business Analytics.
“The addition of new programs and concentrations demonstrate our reputation as one of the nation’s most-comprehensive business schools,” said Dr. M. Moshe Porat, Dean of the Fox School of Business. “Employers and industry partners agree that these areas represent emerging fields and areas of study wherein professionals and leaders are in great demand, and we have the diverse, renowned faculty to answer the call of industry and these support programs.”
The undergraduate major in Statistical Science and Data Analysis will provide students with the ability to select, utilize and apply quantitative reasoning and data analytic skills to their future fields of study, according to program director Dr. Alexandra Carides, Associate Professor of Statistical Science.
The minor in International Business Administration incorporates the nationally ranked curriculum of Fox’s undergraduate-degree program in International Business. The minor requires only four courses and four prerequisites, delivering the cornerstones of international business education while offering students the opportunity to complete a study-abroad trip in the process.
The minor in Leadership cultivates stronger interpersonal skills for effective management and leadership positions. With courses focusing on workplace demands for leadership from both the organizational and interpersonal points of view, the minor allows students to move beyond technical competence as they step into leadership roles in industry.
The MBA concentration in Business Analytics is designed to enable graduate students to use data and models to recognize opportunities and to improve organizational decision-making. “Data-driven decision-making has been shown to have large positive effects on outcomes of interest to organizations of all types,” said Assistant Professor of Marketing and Supply Chain Management Dr. Eric Eisenstein, the concentration’s director. “Business Analytics concentrators will meet the growing demand for talent in the areas of managing, analyzing, predicting, and discovering insights from the complex data that is available to modern corporations.”
The MBA concentration in Enterprise Risk Management, offered by one of the most-prestigious Risk Management programs in the nation, will prepare MBA students to design and implement state-of-the-art processes that enhance and improve organizational strategic decision-making, how it manages risk across the enterprise, as well as improving traditional risk mitigation decisions. “This concentration will provide MBA candidates with the concepts and tools to develop advanced organizational risk management capabilities and pursue executive responsibility for managing enterprise-wide risks,” said Assistant Professor of Risk, Insurance, and Healthcare Management Dr. M. Michael Zuckerman, the concentration’s director.
All eligibility and declaration questions regarding the new undergraduate major and minors should be referred to Fox’s Center for Undergraduate Advising. Graduate students are encouraged to speak with their program advisors for more details about new curricula.
Fox School of Business alumnus Justin Rosenberg is returning to his roots.
The founder and CEO of honeygrow, Rosenberg announced that he plans to open a location of his Philadelphia-based, fast-casual restaurant on Temple University’s campus in the fall. The store would utilize commercial space within Morgan Hall, a residence hall located at the southeast corner of Broad Street and Cecil B. Moore Avenue.
With seven stores currently and plans to open nine more by the end of 2016, honeygrow offers fresh-to-order salads and stir-fries that are made with seasonal, local ingredients.
“Temple University is on the rise, and it’s a location that I’m beyond confident will work,” said Rosenberg, who earned his Fox Global MBA in 2009. “I’m a Temple guy, I wrote a chunk of my business plan for honeygrow at Alter Hall, and the business is very much a #TempleMade concept. This makes perfect sense.”
The Temple University location would feature an innovative interior design, new ordering kiosks, and seating for up to 50 patrons, Rosenberg said.
For Rosenberg, honeygrow’s upward progression in the last 12 months has been “moving pretty quickly,” he said. In June 2015, honeygrow received $25 million in investment funding from Miller Investment Management to support further expansion of honeygrow and updates to the company’s technology platform. This spring, Rosenberg said honeygrow’s corporate headquarters will relocate from Center City Philadelphia to the city’s Fishtown neighborhood.
“We’ve renovated a warehouse where we’ll have 30 corporate employees to supplement the 300 employees we have in the field,” he said. “That’s where we’ll have our commissary, where our chef and culinary director David Katz will work on our sauces, dressings, and beyond. There has always been a deep passion for the product – inclusive of where we are sourcing it to how we are training our staff to prepare it, care for it, and work with it. Everything counts.
“For 2016, with stores opening from Washington, D.C. to the New York City metro area, I couldn’t be more excited about honeygrow’s future than I am right now.”
The Fox School of Business’ Global MBA program ranked among the top-50 full-time MBA programs in the United States for a third consecutive year.
The program retained its No. 41 national ranking, its highest by U.S. News & World Report in program history. The designation is part of U.S. News’ 2017 Best Graduate Schools rankings, which were released March 16. Among full-time MBA programs nationwide, the Fox School and the University of Pennsylvania’s Wharton School are the only business schools in the Greater Philadelphia region to have been ranked among the top 50.
This year, the Fox Global MBA’s 97.4-percent job placement rate within three months of graduation ranked fourth-best in the nation, and its 3.59 average GPA rated fifth overall, according to the U.S. News report. Additionally, Fox’s MBA concentration in Information Systems earned a No. 14 national rank by U.S. News, marking a two-place jump from last year.
“The latest U.S. News ranking of our Global MBA program reflects our commitment to delivering globally recognized business education and premier management training in which students develop the management competencies that are sought after by business leaders,” said Dr. M. Moshe Porat, Dean of the Fox School of Business. “The Global MBA is designed to help students experience the world and advance their careers through experiential learning and entrepreneurship, and it is a source of great pride that the program continues to build upon its sterling reputation.”
Fox School’s Global MBA is a two-year program that combines experiential learning, paid internships, and a thorough immersion in the global business environment. Fox MBAs travel to, and participate in, emerging hotspots of social, economic, technological, and organizational innovation and entrepreneurship. The program features two required international experiences.
In addition to international immersions in emerging economies, students provide professional-grade strategic solutions to paying clients six projects coordinated by the Fox Management Consulting (Fox MC) Practice and have the option of pursuing a dual degree in a specialized masters program.
All Fox students have access to the school’s renowned Center for Student Professional Development (CSPD), a comprehensive resource focused on preparing students for entry into the professional business environment. CSPD oversees internship and job placement for both undergraduate and graduate students at the Fox School. Since 2012, Fox’s MBA students have maintained a cumulative 100-percent summer-internship placement rate and a cumulative 95-percent job-placement rate.
The 2017 edition of U.S. News’ Best Graduate Schools rankings is available at www.usnews.com/grad.
The Global MBA program at Temple University’s Fox School of Business continues to climb in The Economist’s annual Which MBA? rankings.
The Fox School improved four places to reach No. 53 among all full-time MBA programs internationally, while retaining its No. 33 ranking among U.S. programs. Fox and the University of Pennsylvania’s Wharton School are the highest-ranked full-time MBA programs from the Greater Philadelphia region to be included in The Economist’s prestigious rankings.
“The Global MBA program’s inclusion in The Economist’s rankings serves as further affirmation of the quality of a Fox MBA as one of the best value propositions in graduate business education,” said Dean M. Moshe Porat. “The Global MBA is our flagship MBA program, and it further empowers students to experience the world while advancing their careers through experiential learning, and entrepreneurship. The program continues to move in the right direction.”
Released Oct. 15, The Economist’s Which MBA? rankings recognize the top-100, full-time MBA programs worldwide, according to three years of data (2013-2015) drawn from questionnaires of business schools, students and recent graduates in areas such as quality of faculty and career services, student diversity, breadth of alumni network, and salary increase following graduation.
Fox’s Global MBA is one of four distinct MBA programs offered by the School. The others are the Online MBA, which ranks No. 1 in the nation according to U.S. News & World Report; the Executive MBA, ranked No. 28 nationally and No. 1 in Philadelphia by The Economist; and the Part-Time MBA, ranked No. 20 nationally and No. 1 in Philadelphia by U.S. News & World Report.
The Global MBA features the Fox Roadmap, an innovative tool that tracks students’ personal and professional development of key competencies throughout the program’s duration. Roadmap allows students to identify gaps in their preparation for business leadership and provides employers and interviewers with a visual representation of their skills.
The curriculum for Fox’s Global MBA, designed to develop competencies identified by employers, also features two global immersion experiences, one in each year of the program, that focus on emerging markets. The Global MBA offers experiential-learning opportunities for real clients within the Fox Management Consulting (Fox MC) practice capstone and a structured internship. Dual-degree options with the Fox School’s array of specialized master’s programs are also available.
The Global MBA program at Temple University’s Fox School of Business boasts a job-placement rate that is “better than the vast majority of schools in the country,” and ranks the program in the top 65 nationally for return on investment, according to Forbes’ 2015 Best Business Schools ranking.
Forbes lauded the 95-percent job-placement rate for Fox MBA graduates as among the best in the country. Fox’s renowned Center for Student Professional Development (CSPD) oversees internship and job placement for graduate students.
“At some schools, less than 50 percent of graduates accepted jobs within three months of matriculation,” wrote Kurt Badenhausen, in Forbes’ release announcing the publication’s Best Business Schools ranking.
This marked Fox’s second consecutive appearance in Forbes’ biennial survey, released Sept. 9, and joins the University of Pennsylvania’s Wharton School as the only business schools in Greater Philadelphia to be ranked.
“We work tirelessly to ensure that the value of a Fox degree continues to appreciate,” said Fox School Dean M. Moshe Porat. “Our ascent in national and international rankings shows that our programs offer very strong returns. We take great pride in providing students with a superb education, incredible services, and strong industry connections so that our graduates find the best match to advance their careers.”
The ranking is based on the return on investment achieved by graduates from the class of 2010. Through a survey of 17,400 alumni from 95 schools, Forbes compared their total earnings in their first five years out of business school, including salary, bonuses, and exercised stock options, to their opportunity cost (two years of foregone compensation, tuition, and required fees) to arrive at a five-year MBA gain.
The five-year MBA gain represents the net cumulative amount typical alumni would have earned after years by getting their MBA versus staying in their pre-MBA career.
“Small class size with many international students, experienced professors, and friendly administrative staff provided an intimate learning experience,” said one survey respondent.
“The international component to our business school has uniquely prepared me for the type of work I do now at a large multinational company,” another survey respondent added.
The Fox School of Business’ full-time Global MBA program improved seven places to reach No. 41 nationally, earning its highest U.S. News & World Report ranking in program history.
The designation is part of U.S. News’ 2016 Best Graduate Schools rankings, which were released March 10. Among full-time MBA programs nationwide, the Fox School and the University of Pennsylvania’s Wharton School are the only business schools in the Greater Philadelphia region to have been ranked in the top 50.
Additionally, the Fox Global MBA’s 95.2-percent job placement rate within three months of graduation ranked seventh-best in the nation, and its 3.61 average GPA rated fourth overall, according to the U.S. News report.
“The latest ranking of our Global MBA program by U.S. News serves as reaffirmation of Fox’s commitment to delivering a globally recognized business education and premier management training,” said Dean M. Moshe Porat. “The continued ascent of our Global MBA in both national and international rankings demonstrates the marketplace value of a program deeply rooted in experiential learning.”
Fox School’s Global MBA is a two-year program that combines experiential learning, paid internships, and a thorough immersion in the global business environment. Fox MBAs travel to, and participate in, emerging hotspots of social, economic, technological, and organizational innovation and entrepreneurship. The program features two required international experiences.
In addition to international immersions in emerging economies, students provide professional-grade strategic solutions to paying clients through the capstone Fox Management Consulting (Fox MC) Practice and have the option of pursuing a dual degree in a specialized masters program.
All Fox students have access to the school’s renowned Center for Student Professional Development (CSPD), a comprehensive resource focused on preparing students for entry into the professional business environment. CSPD oversees internship and job placement for both undergraduate and graduate students at the Fox School. Fox’s MBA students have maintained a 100 percent summer-internship placement rate since 2012, and a job-placement rate of 95.2 percent, which ranks among the nation’s best, according to U.S. News.
The 2016 edition of Best Graduate Schools is available at www.usnews.com/grad.
Business meetings in Colombia seldom begin promptly, said Dr. Kevin Fandl.
How does he know this? An Assistant Professor of Legal Studies at Temple University’s Fox School of Business, Fandl has studied in Colombia. He traveled there in 2006 as a Fulbright Scholar, taught there, investigated its informal economy, and even wrote his PhD dissertation on his experiences there.
“You never walk into a business meeting (in Colombia) and start on time,” Fandl said to a gathering of Global MBA students. “Small talk can go on for 90 percent of the meeting and, in the last 10 minutes, you need to make your points and sign your deal.
A host of distinguished guests spoke to Fox’s second-year Global MBA students Feb. 12-13 at Alter Hall, sharing wisdom and tips in a panel-discussion format during a two-day workshop in preparation for the students’ upcoming Global Immersion trips.
Divided equally into two groups, the 42 Global MBA students will spend two weeks in either the South American nations Colombia and Chile, or in Turkey and Morocco, of the Middle East/North African (MENA) region. While there, the students will meet representatives of local companies and firms, participate in case studies and learn the entrepreneurial ecosystems of what Fox’s Dr. MB Sarkar called “transitional economies.” Last year, this very cohort made Global Immersion trips to India and China, two of the most promising BRIC nations.
“Among the competencies that are relevant in today’s market, developing contextual intelligence is being rated as one of the most critical for MBAs,” said Fox School Dean Dr. M. Moshe Porat. “We at Fox believe that, in order to develop the next generation of global leaders, we need to learn from the innovative business models that are being seeded in these emerging markets.”
Sarkar, Fox’s Global Immersion Academic Director, and Rebecca Geffner, Fox School’s Director of International and Executive Program, assembled dynamic panels with marquee guests related to both the Latin America and MENA regions.
- Ahmet Kindap, of Turkey’s Ministry of Development
- Marwan Kreidie, Founder and Executive Director of the Philadelphia Arab American Development Corporation
- Z. Joe Kulenovic, an international economist
- Christian Rodriguez, Consul-General of Colombia
- Laura Ebert, International Trade Specialist with the United States Department of Commerce and International Trade Administration
- Ali Solyu, of Cameron University in Oklahoma, and Ipek University, in Ankara
Sarkar and Geffner kicked off the two-day event with opening remarks, discussing the importance of immersing oneself into the culture and business practices of the countries they’ll visit, while offering insights into what the Global MBA students might expect during their travels.
Fandl served as moderator on a guest-speaker panel into the history, culture and politics of Latin America, of which Rodriguez and Kulenovic were guests. The panel informed students about the business climates and entrepreneurial ecosystems of Colombia and Chile. Fandl and Rodriguez offered the graduate students advice on conduct and decorum in a business atmosphere, while introducing themselves to professionals.
“In Chile and Colombia, know about their food, wine, culture, weather and definitely know your (soccer) teams,” Fandl said.
“Chileans and Colombians know when you are telling the truth about yourselves,” said Rodriguez. “Know your story and be comfortable. That will help you out 70 percent.”
Other guests on the panel included: Mitchell Mandell, attorney at White & Williams LLP, and Laura Ebert, International Trade Specialist with the United States Department of Commerce and International Trade Administration.
Later on Day 1, Global MBA Academic Director Dr. TL Hill presided over a panel discussion into the business climate and entrepreneurial ecosystems in the MENA region. The panel featured: Kreidie; Jean Abinader, COO of the Moroccan American Center and National Association of Arab Americans; Kindap from the Turkish Government and Joe Kulenovic, a consultant with the World Bank who is researching how cities in emerging countries become globally competitive.
The speakers conveyed to Global MBA students a pervasive gender inequality issue, mentioning the infrequency with which women are integrated into the workforce. Guests on the panel also suggested that international trade has significant growth potential in both Turkey and Morocco, which are natural bridge countries due to their geographic positions.
Porat and Deputy Dean Dr. Rajan Chandran provided keynote addresses. Additionally, Chandran will join Global MBA students, Sarkar and Geffner in Morocco for a one-day entrepreneurship conference being organized in partnership with Al Akhawayn University in Casablanca, as part of the Global Immersion experience.
“Our sincere hope is that this conference will become a seed for Fox’s intellectual engagement in the region, and our contribution to helping the local economies grow,” Chandran said.
Global MBA student Emily Fox, who majored in Spanish as an undergraduate, chose the Global Immersion trip through Colombia and Chile for obvious reasons.
“In the future, I see myself conducting business in a Spanish-speaking country, so I wanted to be exposed to how negotiations are handled in those countries,” said Fox, who is slated to graduate in May.
During the information sessions, students were asked to “prep now,” so they could immediately take advantage of the experience once their flights had landed.
“You have to get to know the people, figure out your target and set an idea of what you wish to accomplish,” Rodriguez said.
For Global MBA student Andy Oakes, learning about contrasting business practices and emerging global markets are the benefits of gaining international field experience.
“Long-term I’d like to work outside the United States in technology consulting,” Oakes said. “It’s important in the globalized economy that exists today to become immersed in multiple cultures.”
“Global Immersions are an extension on the program,” said Neeharka Damea, another Global MBA student. “The opportunity to experience multicultural backgrounds was the reason why I chose the Fox Global MBA program.”