John Molson Prof (Cont'd)

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Subject: John Molson Prof (Cont'd)
Prof laments new MBAs

EDUCATION: Claims a ´dramatic decline into mediocrity´

MONTREAL -- An increasing number of Canada´s business schools are literally selling MBAs to generate revenue for their ravenous budgets, according to veteran Concordia University finance professor Alan Hochstein.

That apparent growing trend to make master of business administration degrees easier to achieve at a premium cost is leading to "sub-standard education for enormous fees," says the self-proclaimed whistle-blower.

"I know what I´m talking about," Hochstein said, noting he´s been director of all four MBA programs at Concordia´s John Molson School of Business over the past 27 years. He is currently on sabbatical as director of the school´s Goodman Institute of Investment Management.

"I´ve seen the dramatic decline into mediocrity," Hochstein said, referring to the combined lax entry requirements and fast-tracking of programs.

While students can still choose a standard two-year, full-time program or standard five-year part-time program, other options now include accelerated programs that halve the standard time and some that allow students to work full time or part time while earning their degree.

"I don´t trust any MBA grad anymore [who obtained a degree] under two years," Hochstein said. "You can´t learn the material [properly that fast]."

He likened it to having accelerated programs in medicine or law, wondering who would trust a doctor or lawyer who had graduated from a school that promised students they would be required to do less and less work in less time than in the past simply for a higher tuition fee.

Hochstein is also critical of executive MBA programs that place more emphasis on age and experience and Canadian business schools that partner with sister schools in the U.S. to offer two-for-one degrees.

Two examples he gave are Queen´s University in Kingston offering a joint program with Ivy-League Cornell University in central New York state for $92,000 and York University´s Schulich School of Business in Toronto twinning with the Kellogg School of Management at Northwestern University in Chicago for $90,000.

Hochstein noted "practically nobody fails and a failure rate less than 10 per cent is suspect."

The head of the Canadian Federation of Business School Deans couldn´t be reached for comment last week but has been quoted in the past defending innovations he said have revolutionized the MBA market.

"While it´s unusual for a business professor to attack innovation,

Mr. Hochstein has one thing right: There is no virtue in choice if it comes at the expense of quality," federation chairman David Saunders has said.

Saunders, dean of Queen´s business school, explained that leading business schools use innovation to give students an unprecedented range of choices.

"If you´ve got a great product and no one wants it -- if no one wants to show up eight-to-five during the week -- I think it´s far better to design your product the way the market wants," he said recently in Canadian Business.



[29-11-2006,10:55]
Anonymous
(in reply to: John Molson Prof)
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I wonder where he graduated from, hopefully not Concordia.

[29-11-2006,11:46]
Anonymous
(in reply to: John Molson Prof)
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Concordia Business > McGill Business

Alan Hochstein
Department of Finance

Dr. Alan Hochstein joined Concordia University´s Finance Department in 1984. He received his PhD (1979) from McGill University. He was promoted to Associate Professor in 1988 and received tenure in 1989.

Prior to his arrival at Concordia, Dr. Hochstein taught economics at McGill´s graduate business school for a number of years. He has handled several administrative positions at the University. He was Director of the John Molson MBA Program, the Executive MBA Program, the Aviation MBA Program and the Goodman Institute.

[29-11-2006,12:04]
Anonymous
(in reply to: John Molson Prof)
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http://www.mcgill.ca/newsroom/news/?ItemID=22876

McGill MBA students capture international title

November 27, 2006

A team of five students from McGill University?s Desautels Faculty of Management has been recognized as the "Most Innovative MBA Team in the World" at the 2006 Innovation Challenge competition at the University of Virginia?s Darden Graduate School of Business, beating out 439 teams of graduate business students from around the globe.

The world?s largest competition for business innovation, the event attracted teams from 88 universities who competed to present solutions to real-world problems facing major corporations.

Desautels MBA candidates Heather Powers, Kanhaiya Sinha, Stavros Tsokonas and Luc Tran and architecture doctoral student Jonathan Powers developed the two winning programs in the final round on November 17 and 18. Their entries, which garnered a $20,000 prize, focused on helping DaimlerChrysler to connect with baby boomers, and Hilton Hotels to grow through partnerships. Details of the winning programs cannot be disclosed as they are now the intellectual property of DaimlerChrysler and Hilton Hotels.

Unlike a traditional business plan competition, Innovation Challenge rewards innovation and features crowdcasting, whereby corporations bypass high-priced consultants and in-house marketers by harnessing insights from the world?s top business students. Five corporations ?DaimlerChrysler, General Electric, American Express OPEN, Whirlpool and Hilton Hotels ?submitted problems to teams of three to five students.

A panel of judges from sponsors, industry and academia selected the McGill team for its consistently innovative proposals. Teams from the Kenan-Flagler School at the University of North Carolina?Chapel Hill and Sloan School of Management at MIT finished second and third, respectively.

In last year?s competition, the McGill team finished 15th among 321 teams from 83 universities in 18 countries.

[29-11-2006,13:47]
Anonymous
(in reply to: John Molson Prof)
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teams that participated included Harvard, MIT, Yale, Cambridge, UC Berkely, Duke, Cornell, Columbia, HEC Paris, INSEAD, London Business School, University of Chicago, just to name a few.

Canadian teams included the winner, McGill, as well as UofT Rotman and UBC Sauder.

http://www.innovationchallenge.com/EnrolledTeams.jsp


[29-11-2006,13:47]
Anonymous
(in reply to: John Molson Prof)
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haha funny

If Mcgill MBAs are so strong then why dont they win at the John Molson case comp?



[30-11-2006,00:36]
Anonymous
(in reply to: John Molson Prof)
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the John Molson case comp is just a little warmup compared to this intl competition, which has Harvard, MIT, etc. competiting in it.

[30-11-2006,01:24]
Anonymous
(in reply to: John Molson Prof)
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Well, what does that US competition mean when McGill does so poorly at the John Molson MBA competition with so many Canadian and European business schools participating?

McGill´s crumbling 30 year old Bronfman business building won´t be anywhere as posh as the future 15 floor $118 Million John Molson tower which will be ready in 2009.





[30-11-2006,01:56]
Anonymous
(in reply to: John Molson Prof)
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what does it mean? well it means that a McGill team won an international competition that included the top schools in the world while they couldn´t give a crap about the John Molson comp which had such "top" schools competing in it such as the revered Pan-African university at Lagos and Xiamen university. lol you´re comparing the olympics to an intrumural tournament. and how many times did your new building get construction delayed due to poor funding? yeah i thought so.

[30-11-2006,02:43]
Anonymous
(in reply to: John Molson Prof)
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so mcgill finally wins at something...well, that´s great and about time..but we in montreal all know the real deal with mcgill is that it´s a facsimile of the pr it puts out...so, people, enjoy your 15 minutes in the limelight...no one will remember darden the next time you get creamed..

[30-11-2006,07:31]
Anonymous

[30-11-2006,09:43]
Anonymous
(in reply to: John Molson Prof (Cont'd))
hmmm, Concordia has won 2 of the 4 competitions it has held.... hahaha you guys are a joke! and I agree with the last post... you are bitter!


[30-11-2006,19:52]
Anonymous
(in reply to: John Molson Prof (Cont'd))
guys, to be honest, i don´t think it´s worth the effort to argue with a Concordian. it really isnt´.
[30-11-2006,21:36]
Anonymous
(in reply to: John Molson Prof (Cont'd))
huh?

You guys make no sense.

I guess Mcgill is now better than Harvard...

who would have thought.

If we use the same line of reasoning as the Mcgill morons, then one would think that Concordia is better than Wharton since the former beat Wharton (and Mcgill) last year in a famous undergraduate business comp held in California.

Makes sense? No. So shut your traps, you dumb business students.


[01-12-2006,00:04]
Anonymous



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