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2007年9月8日星期六
All worlds car hire
We have you covered, from a car hire at Edinburgh airport to a car hire in London. Browse our most popular UK car hire locations:
Birmingham Car Hire Cambridge Car Hire Edinburgh Car Hire Glasgow Car Hire Liverpool Car Hire London Car Hire Manchester Car Hire Southampton Car Hire UK Car Hire ClassesOur UK car hire classes offer a wide selection of rental cars for every occasion and budget. A common question is do we offer one way car hire; the answer is, yes, we offer both one way car hire and one way van hire for all of our UK car hire classes available. Here are the three popular:
Luxury Car Hire Travel in style and make a statement with a luxury car hire that offers extra comfort and space, ideal for a wedding, special occasion or a holiday car hire.
Commercial Van Hire When a car won't do and you need more space, hire a van. This light commercial van hire is ideal for clear outs, light house moves and furniture delivery.
MPV Hire Our MPV hire is ideal for your next seaside getaway, weekend break or even a wedding car hire. Hire a MPV and have plenty of room for the luggage, bike and friends. Car Hire UK - Locations & RatesFind Enterprise Car Hire UK Near You Search for Enterprise car hire UK locations. In addition to short-term hires, we're pleased to offer long-term car hire and one way car hire at all UK car hire locations. Don't delay, book your business or holiday car hire today!
We have you covered, from a car hire at Edinburgh airport to a car hire in London. Browse our most popular UK car hire locations:
Birmingham Car Hire Cambridge Car Hire Edinburgh Car Hire Glasgow Car Hire Liverpool Car Hire London Car Hire Manchester Car Hire Southampton Car Hire
Birmingham Car Hire Cambridge Car Hire Edinburgh Car Hire Glasgow Car Hire Liverpool Car Hire London Car Hire Manchester Car Hire Southampton Car Hire UK Car Hire ClassesOur UK car hire classes offer a wide selection of rental cars for every occasion and budget. A common question is do we offer one way car hire; the answer is, yes, we offer both one way car hire and one way van hire for all of our UK car hire classes available. Here are the three popular:
Luxury Car Hire Travel in style and make a statement with a luxury car hire that offers extra comfort and space, ideal for a wedding, special occasion or a holiday car hire.
Commercial Van Hire When a car won't do and you need more space, hire a van. This light commercial van hire is ideal for clear outs, light house moves and furniture delivery.
MPV Hire Our MPV hire is ideal for your next seaside getaway, weekend break or even a wedding car hire. Hire a MPV and have plenty of room for the luggage, bike and friends. Car Hire UK - Locations & RatesFind Enterprise Car Hire UK Near You Search for Enterprise car hire UK locations. In addition to short-term hires, we're pleased to offer long-term car hire and one way car hire at all UK car hire locations. Don't delay, book your business or holiday car hire today!
We have you covered, from a car hire at Edinburgh airport to a car hire in London. Browse our most popular UK car hire locations:
Birmingham Car Hire Cambridge Car Hire Edinburgh Car Hire Glasgow Car Hire Liverpool Car Hire London Car Hire Manchester Car Hire Southampton Car Hire
Now, an MBA for arms buyers
Now, an MBA for arms buyers COST blowouts and technical troubles in some of Australia's most controversial defence purchases have prompted a university course for those who aspire to manage the multi-billion-dollar deals.
The Queensland University of Technology will next year offer an executive masters of business administration in complex project management, mainly to staff from the course's chief sponsor - the Defence Materiel Organisation, the government body that buys Australia's defence equipment.
The one-year course will be offered to up-and-coming DMO staffers and others from the defence equipment industry.
QUT's business faculty corporate education director Bob O'Connor said the course, to be offered at the university's Canberra campus, was spurred by recent defence project troubles.
Purchases that have attracted criticism include the Seasprite helicopters (software engineering problems, cost blowouts), Abrams tanks (too heavy) and Super Hornet warplanes (too expensive). "It's all symptomatic," Mr O'Connor said. "What the DMO is saying is that there really is no band-aid fix to these issues.
"This is an investment in cultural change, getting the discipline in the organisation and capacity building.
"This course is part of the capacity building."
Labor defence spokesman Joel Fitzgibbon welcomed the course: "For too long the DMO has lacked sufficient commercial orientation, but the long-term answer is more structural than a one-off university course."
The course was one of the recommendations that came out of a study of the DMO by industrialist Malcolm Kinnaird in 2003.
The specialist executive MBA will be open to between 25 and 40 students.
The DMO will pay the $80,000 course fees for its employees. Other sponsors are manufacturers Lockheed Martin, Boeing, Raytheon and Tallis, the British Ministry of Defence and the US Defence Department.
The Queensland University of Technology will next year offer an executive masters of business administration in complex project management, mainly to staff from the course's chief sponsor - the Defence Materiel Organisation, the government body that buys Australia's defence equipment.
The one-year course will be offered to up-and-coming DMO staffers and others from the defence equipment industry.
QUT's business faculty corporate education director Bob O'Connor said the course, to be offered at the university's Canberra campus, was spurred by recent defence project troubles.
Purchases that have attracted criticism include the Seasprite helicopters (software engineering problems, cost blowouts), Abrams tanks (too heavy) and Super Hornet warplanes (too expensive). "It's all symptomatic," Mr O'Connor said. "What the DMO is saying is that there really is no band-aid fix to these issues.
"This is an investment in cultural change, getting the discipline in the organisation and capacity building.
"This course is part of the capacity building."
Labor defence spokesman Joel Fitzgibbon welcomed the course: "For too long the DMO has lacked sufficient commercial orientation, but the long-term answer is more structural than a one-off university course."
The course was one of the recommendations that came out of a study of the DMO by industrialist Malcolm Kinnaird in 2003.
The specialist executive MBA will be open to between 25 and 40 students.
The DMO will pay the $80,000 course fees for its employees. Other sponsors are manufacturers Lockheed Martin, Boeing, Raytheon and Tallis, the British Ministry of Defence and the US Defence Department.
MBA's Mortgage Applications Index Dropped
MBA's Mortgage Applications Index Dropped By Shobhana Chandra
Aug. 29 (Bloomberg) -- The interest rate charged for one- year adjustable loans jumped last week by the most since the Mortgage Bankers Association began keeping records in 1996.
The report demonstrates the difficulty some home buyers face in securing affordable financing. The organization's mortgage applications index fell 4 percent last week to 615.2. The group's purchase and refinancing gauges each decreased for a second week.
Banks, forced to hold loans rather than resell them as securities because demand has dried up, are charging higher rates for riskier mortgages. The housing slump will worsen as banks restrict the availability of credit and falling real- estate prices prevent owners from tapping home equity for extra spending money, economists said.
``If rates go up and credit gets tighter, that is going to lead to a drop in demand on top of what we have already seen,'' said Abiel Reinhart, an economist at JPMorgan Chase & Co. in New York. ``That is going to have an adverse impact'' on the economy through the first half of 2008, he said.
The mortgage bankers' purchase index fell 4 percent to 424 last week from 441.5. The refinancing index decreased 4.2 percent to 1729.6 from 1806.3. Both measures were the lowest in four weeks and below their year-earlier levels.
More than 100 lenders have ceased operations or sought buyers this year amid rising defaults on subprime loans.
`Pretty Bad'
Edward Hyman, chairman of International Strategy and Investment Group in New York, said in an interview today that a mortgage-market survey conducted by his firm showed conditions are ``pretty bad'' and ``among the lowest ratings we have ever gotten.''
The average rate on a one-year adjustable mortgage surged to 6.51 percent, the highest since January 2001, from 5.84 percent the prior week. The rate also surpassed the cost of a 30-year fixed loan for the first time.
The number of applications for adjustable-rate loans slumped 23 percent, while those for fixed-rate mortgages rose 0.2 percent. Adjustable-rate mortgages dropped to 15 percent of all applications, the fewest since July 2003.
Banks ``are being very cautious in the volume of prime adjustables they are putting on their balance sheets,'' Douglas Duncan, the mortgage bankers group's chief economist, said in an interview. ``The growth path for the economy has slowed significantly.''
Other Rates Fall
The average rate on a 30-year fixed loan fell to 6.41 percent last week, from 6.49 percent. At that rate, monthly borrowing costs for each $100,000 of a loan would have been about $626, little changed from a year ago.
The average rate on a 15-year fixed mortgage dropped to 6.10 percent from 6.20 percent the prior week.
The Washington-based Mortgage Bankers Association's loan survey, compiled every week since 1990, covers about half of all U.S. retail residential mortgage originations.
Credit restrictions and a deterioration in financial market conditions ``appreciably'' increased the risks to economic growth, the Federal Reserve said Aug. 17 when it lowered the rate at which it lends to banks.
Fed officials had underestimated the contagion from subprime credit markets to less risky borrowers, some economists said yesterday following the release of minutes of the central bank's Aug. 7 meeting.
Fed Forecast
Policy makers forecast housing would restrain growth ``for some time'' and developments in mortgage markets suggested ``the adjustment in the housing sector could well prove to be both deeper and more prolonged than had seemed likely earlier this year,'' according to the minutes.
Still, central bankers put aside concerns about the rising cost of funds because they weren't convinced that a slowdown in inflation would last. They maintained that inflation remained the most significant policy risk, and kept the benchmark interest rate target unchanged at 5.25 percent.
Since then, reports paint a more distressing picture for some lenders. LandAmerica Financial Group Inc., a Richmond, Virginia-based title insurer, said yesterday it will cut 1,100 jobs in the second half of 2007 to reduce costs as mortgage originations decline.
The company is looking at increasing operating efficiencies ``in these difficult times,'' Chief Executive Officer Theodore Chandler Jr. said in a statement.
Home prices fell 3.2 percent in the second quarter from a year earlier, according to a report yesterday by S&P/Case- Shiller. It was the biggest decline since records began in 2007.
Aug. 29 (Bloomberg) -- The interest rate charged for one- year adjustable loans jumped last week by the most since the Mortgage Bankers Association began keeping records in 1996.
The report demonstrates the difficulty some home buyers face in securing affordable financing. The organization's mortgage applications index fell 4 percent last week to 615.2. The group's purchase and refinancing gauges each decreased for a second week.
Banks, forced to hold loans rather than resell them as securities because demand has dried up, are charging higher rates for riskier mortgages. The housing slump will worsen as banks restrict the availability of credit and falling real- estate prices prevent owners from tapping home equity for extra spending money, economists said.
``If rates go up and credit gets tighter, that is going to lead to a drop in demand on top of what we have already seen,'' said Abiel Reinhart, an economist at JPMorgan Chase & Co. in New York. ``That is going to have an adverse impact'' on the economy through the first half of 2008, he said.
The mortgage bankers' purchase index fell 4 percent to 424 last week from 441.5. The refinancing index decreased 4.2 percent to 1729.6 from 1806.3. Both measures were the lowest in four weeks and below their year-earlier levels.
More than 100 lenders have ceased operations or sought buyers this year amid rising defaults on subprime loans.
`Pretty Bad'
Edward Hyman, chairman of International Strategy and Investment Group in New York, said in an interview today that a mortgage-market survey conducted by his firm showed conditions are ``pretty bad'' and ``among the lowest ratings we have ever gotten.''
The average rate on a one-year adjustable mortgage surged to 6.51 percent, the highest since January 2001, from 5.84 percent the prior week. The rate also surpassed the cost of a 30-year fixed loan for the first time.
The number of applications for adjustable-rate loans slumped 23 percent, while those for fixed-rate mortgages rose 0.2 percent. Adjustable-rate mortgages dropped to 15 percent of all applications, the fewest since July 2003.
Banks ``are being very cautious in the volume of prime adjustables they are putting on their balance sheets,'' Douglas Duncan, the mortgage bankers group's chief economist, said in an interview. ``The growth path for the economy has slowed significantly.''
Other Rates Fall
The average rate on a 30-year fixed loan fell to 6.41 percent last week, from 6.49 percent. At that rate, monthly borrowing costs for each $100,000 of a loan would have been about $626, little changed from a year ago.
The average rate on a 15-year fixed mortgage dropped to 6.10 percent from 6.20 percent the prior week.
The Washington-based Mortgage Bankers Association's loan survey, compiled every week since 1990, covers about half of all U.S. retail residential mortgage originations.
Credit restrictions and a deterioration in financial market conditions ``appreciably'' increased the risks to economic growth, the Federal Reserve said Aug. 17 when it lowered the rate at which it lends to banks.
Fed officials had underestimated the contagion from subprime credit markets to less risky borrowers, some economists said yesterday following the release of minutes of the central bank's Aug. 7 meeting.
Fed Forecast
Policy makers forecast housing would restrain growth ``for some time'' and developments in mortgage markets suggested ``the adjustment in the housing sector could well prove to be both deeper and more prolonged than had seemed likely earlier this year,'' according to the minutes.
Still, central bankers put aside concerns about the rising cost of funds because they weren't convinced that a slowdown in inflation would last. They maintained that inflation remained the most significant policy risk, and kept the benchmark interest rate target unchanged at 5.25 percent.
Since then, reports paint a more distressing picture for some lenders. LandAmerica Financial Group Inc., a Richmond, Virginia-based title insurer, said yesterday it will cut 1,100 jobs in the second half of 2007 to reduce costs as mortgage originations decline.
The company is looking at increasing operating efficiencies ``in these difficult times,'' Chief Executive Officer Theodore Chandler Jr. said in a statement.
Home prices fell 3.2 percent in the second quarter from a year earlier, according to a report yesterday by S&P/Case- Shiller. It was the biggest decline since records began in 2007.
Organization encourages blacks to pursue MBA
Organization encourages blacks to pursue MBA In the movie "Pursuit of Happyness," Chris Gardner, played by Will Smith, tells his son: "You got a dream, you gotta protect it. . . . You want something? Go get it. Period." Paulette Evans, an MBA student at Stetson University and an electrical engineer at General Electric, has the same philosophy. "You can't wait for someone else to plan your life. You take charge and go for what you want," she said.
Gardner went from being a homeless single father on the streets of San Francisco to a Wall Street legend.
Today, 20 years after Gardner's advice to his son, Evans seems to echo his words. Her parents instilled the same principles. "My folks taught us we could do anything we want," she said. "If you want something, fight for it, no matter what."
Evans, 27, grew up in South Carolina. Her mother was a math teacher for 33 years before her recent retirement and her father was an electrician. She doesn't remember hearing her parents talk about discrimination or the problems they may have faced on their jobs.
"I'm sure they did," she said. "They didn't really talk about it. But we knew we were growing up in a new age. Not that discrimination is not there today, but it is not as prevalent as when they were growing up. But they didn't focus on that."
The National Black MBA Association, which has its annual conference in Orlando Sept. 11-16, doesn't focus on the past either.
"The lead character in the 'Pursuit of Happyness' exhibited the same spirit of empowerment and perseverance the National Black MBA Association tries to instill, from teens right on up through the CEO suite," said Dana Gleeson, spokeswoman for the association. "It is deciding what you need to achieve in life and putting in place a plan and being aggressive."
No one is saying it isn't still tough for black professionals. "There definitely have been improvements, but there is some work to be done," Gleeson said.
Black students still make up a small percentage of MBA students in the country. Of the 69,371 MBA graduates in 2004, 5,010 or 7 percent of them were black.
At Stetson University, Evans is one of four blacks out of 80 students in the MBA program. Jeanne Bosco, who administers the program, said the school doesn't have statistics on how the number of black students in the program compares to years past. But in the 25 years she has been at the university, she has seen a slight increase in the number of black students, mostly of students from Africa.
She said she couldn't explain why more black American students don't seek an MBA. "We are trying. We just don't have that many applications," she said.
Bethune-Cookman University in Daytona Beach has undergraduate degrees in business, but does not offer an MBA.
Embry-Riddle Aeronautical University in Daytona Beach offers an MBA in aviation. Of the 79 students in the program, five are black.
The lack of black faculty hurts ERAU's efforts to recruit more black students, said Daniel Petree, dean of the College of Business. "The main barriers are that there are very few African-American Ph.D.s in business and related disciplines available each year, and our industry focus and relatively small size makes us appear risky to those who are available.
"Without visible role models among the faculty, it is difficult for us to persuade potential MBA students that we are a welcoming place. We need to do better," Petree said.
The University of Central Florida in Orlando offers an MBA through Daytona Beach Community College. The program is not offered every year and alternates with other campuses. It was last offered in 2005 and may be again in 2008. The school as a whole has 32 black MBA candidates this year, up from 28 in 2006. In 2006, UCF granted MBA degrees to 18 black students, down from 21 in 2005, but well above 10 in 2004, nine in 2003 and eight in 2002.
Education remains central to the mission of the black MBA association, Gleeson said. "The organization really tries to stress education as being the vehicle to achieve intellectual and economic wealth in the black community," she said.
In its Leaders of Tomorrow program, the MBA association will pay for 125 high school students from around the country to attend the conference in Orlando. "We are targeting students who are not your typical A students. Their grades are in the C range and they may not have the opportunities or get the extracurricular activities the A students get," she said.
"The program gives them the opportunity to see someone who looks like them doing something remarkable in the business community," Gleeson said.
The organization plans to give $55,000 in scholarships to college and MBA students.
Gleeson said more work needs to be done to promote blacks into the CEO suites of Fortune 500 companies.
"We are working with corporations to make those senior and executive level opportunities available to African-Americans," she said. "We are saying African-Americans are part of this organization who are highly skilled, knowledgeable and innovative and have been making great contributions, who are certainly ready to take the helm at the head of the organization."
But Gleeson and the MBA association also are sending out a strong message to students and professionals. "If you have aspirations to be a CEO or eventually own your own business, no longer should you rely on an employer to map that out for you. You have to chart your own course," Gleeson said.
Evans will finish her MBA at Stetson in May and is thinking about the next step in her "Pursuit of Happyness."
She believes the demand for educated black professionals will continue to grow. "More companies realize having a diverse work force is the way to go," she said. "The more views and opinions you have, the better off you are going to be."
Gardner went from being a homeless single father on the streets of San Francisco to a Wall Street legend.
Today, 20 years after Gardner's advice to his son, Evans seems to echo his words. Her parents instilled the same principles. "My folks taught us we could do anything we want," she said. "If you want something, fight for it, no matter what."
Evans, 27, grew up in South Carolina. Her mother was a math teacher for 33 years before her recent retirement and her father was an electrician. She doesn't remember hearing her parents talk about discrimination or the problems they may have faced on their jobs.
"I'm sure they did," she said. "They didn't really talk about it. But we knew we were growing up in a new age. Not that discrimination is not there today, but it is not as prevalent as when they were growing up. But they didn't focus on that."
The National Black MBA Association, which has its annual conference in Orlando Sept. 11-16, doesn't focus on the past either.
"The lead character in the 'Pursuit of Happyness' exhibited the same spirit of empowerment and perseverance the National Black MBA Association tries to instill, from teens right on up through the CEO suite," said Dana Gleeson, spokeswoman for the association. "It is deciding what you need to achieve in life and putting in place a plan and being aggressive."
No one is saying it isn't still tough for black professionals. "There definitely have been improvements, but there is some work to be done," Gleeson said.
Black students still make up a small percentage of MBA students in the country. Of the 69,371 MBA graduates in 2004, 5,010 or 7 percent of them were black.
At Stetson University, Evans is one of four blacks out of 80 students in the MBA program. Jeanne Bosco, who administers the program, said the school doesn't have statistics on how the number of black students in the program compares to years past. But in the 25 years she has been at the university, she has seen a slight increase in the number of black students, mostly of students from Africa.
She said she couldn't explain why more black American students don't seek an MBA. "We are trying. We just don't have that many applications," she said.
Bethune-Cookman University in Daytona Beach has undergraduate degrees in business, but does not offer an MBA.
Embry-Riddle Aeronautical University in Daytona Beach offers an MBA in aviation. Of the 79 students in the program, five are black.
The lack of black faculty hurts ERAU's efforts to recruit more black students, said Daniel Petree, dean of the College of Business. "The main barriers are that there are very few African-American Ph.D.s in business and related disciplines available each year, and our industry focus and relatively small size makes us appear risky to those who are available.
"Without visible role models among the faculty, it is difficult for us to persuade potential MBA students that we are a welcoming place. We need to do better," Petree said.
The University of Central Florida in Orlando offers an MBA through Daytona Beach Community College. The program is not offered every year and alternates with other campuses. It was last offered in 2005 and may be again in 2008. The school as a whole has 32 black MBA candidates this year, up from 28 in 2006. In 2006, UCF granted MBA degrees to 18 black students, down from 21 in 2005, but well above 10 in 2004, nine in 2003 and eight in 2002.
Education remains central to the mission of the black MBA association, Gleeson said. "The organization really tries to stress education as being the vehicle to achieve intellectual and economic wealth in the black community," she said.
In its Leaders of Tomorrow program, the MBA association will pay for 125 high school students from around the country to attend the conference in Orlando. "We are targeting students who are not your typical A students. Their grades are in the C range and they may not have the opportunities or get the extracurricular activities the A students get," she said.
"The program gives them the opportunity to see someone who looks like them doing something remarkable in the business community," Gleeson said.
The organization plans to give $55,000 in scholarships to college and MBA students.
Gleeson said more work needs to be done to promote blacks into the CEO suites of Fortune 500 companies.
"We are working with corporations to make those senior and executive level opportunities available to African-Americans," she said. "We are saying African-Americans are part of this organization who are highly skilled, knowledgeable and innovative and have been making great contributions, who are certainly ready to take the helm at the head of the organization."
But Gleeson and the MBA association also are sending out a strong message to students and professionals. "If you have aspirations to be a CEO or eventually own your own business, no longer should you rely on an employer to map that out for you. You have to chart your own course," Gleeson said.
Evans will finish her MBA at Stetson in May and is thinking about the next step in her "Pursuit of Happyness."
She believes the demand for educated black professionals will continue to grow. "More companies realize having a diverse work force is the way to go," she said. "The more views and opinions you have, the better off you are going to be."
The HEC Montréal MBA Makes Forbes Best Business School Ranking for the Third Time
The HEC Montréal MBA Makes Forbes Best Business School Ranking for the Third TimeMONTREAL, Aug. 27 /CNW Telbec/ - The HEC Montréal MBA has made it intothe Forbes biennial ranking of the top non-US MBAs for the third straighttime. The detailed results will be published in the next issue of theprestigious magazine, due out this week. The ranking is based on the return on investment for graduates, fiveyears after earning their MBA. This year, Forbes sent questionnaires to 18,500year 2002 graduates from 102 schools around the world. "Since 2003, our MBA has done very well not only in the Forbesinternational ranking, but also in the last two biennial BusinessWeek lists,in 2004 and 2006," notes MBA Director Jean Talbot. "Not to mention that italso made the Which MBA? guide published by The Economist in 2006. We are veryproud of our international standing, proof of our constant efforts to maintainour leadership." In this year's ranking of the top non-US programs, Forbes made adistinction between one- and two-year programs for the first time. As rated by Forbes, the HEC Montréal MBA shares the internationalspotlight with the one-year programs offered by the following schools, bycountry:
<< - Canada: Queen's - Spain: Instituto de Empresa - France: INSEAD - Italy: SDA Bocconi - United Kingdom: Cambridge, City University (Cass), Cranfield, Lancaster, Oxford (Said) - Switzerland: IMD >>
HEC Montréal
Canada's first business school, founded in 1907, HEC Montréal iscelebrating its 100th anniversary in 2007. The School now offers over30 management programs at the undergraduate, graduate and postgraduate levels,and welcomes about 3,300 international or permanent resident students,representing 28% of the student body, from roughly 100 countries. It has some250 career professors and is a leader in research, with some fifty researchchairs, centres and groups. HEC Montréal was the first school in North Americato be granted the three most prestigious international accreditations in itsfield: AACSB International, EQUIS and AMBA. Its alumni network is more than57,000 strong.
<< - Canada: Queen's - Spain: Instituto de Empresa - France: INSEAD - Italy: SDA Bocconi - United Kingdom: Cambridge, City University (Cass), Cranfield, Lancaster, Oxford (Said) - Switzerland: IMD >>
HEC Montréal
Canada's first business school, founded in 1907, HEC Montréal iscelebrating its 100th anniversary in 2007. The School now offers over30 management programs at the undergraduate, graduate and postgraduate levels,and welcomes about 3,300 international or permanent resident students,representing 28% of the student body, from roughly 100 countries. It has some250 career professors and is a leader in research, with some fifty researchchairs, centres and groups. HEC Montréal was the first school in North Americato be granted the three most prestigious international accreditations in itsfield: AACSB International, EQUIS and AMBA. Its alumni network is more than57,000 strong.
South Africa Internship Option for Full-Time MBA Students
South Africa Internship Option for Full-Time MBA Students
Students have an opportunity to look closely at career options on a practical level, writes Mike Holmes
FOR the first time, in 2008, the Wits Business School will offer an internship elective for fulltime MBA students.
The internship elective option emerged as part of a review of the MBA curriculum conducted in the light of trends at other leading schools at home and abroad. An internship offers a student the opportunity to apply the skills and knowledge they've acquired academically in real business situations, says Charisse Drobis of the Wits Business School careers resource centre.
Wits Business School academic director Viveka Christierson says the school, headed by Prof Mthuli Ncube, tends to get a lot of professionals moving from their field into business, or incorporating business into their professional practices. The curriculum review concluded that an internship programme, akin to the American model, would build "a very good bridge".
"Seeing that for more than 15 years we have offered very successfully a two-month internship to our fulltime postgraduate diploma in management (PDM) students, we thought: why not offer an internship as an option to our fulltime MBA students?
"At the end of their six fundamental and 10 core courses, MBA students can choose from a wide range of electives," she says. "This internship is a choice -- it is not compulsory -- and would take the place of two electives."
The PDM internships constitute the academic third quarter (eight weeks) when students, many with little or no working experience, take on projects and put academic theory into practice at top management consulting, finance and banking, health-care and fast-moving consumer goods companies.
They might, for instance, be asked to design and implement a change-management strategy, implement a transformation framework, design a training programme, conduct stakeholder and competitor analyses, design and implement marketing campaigns or new-product launches, or research, analyse and report back on customer needs.
Similar challenges would apply at a Master's level of function and theory, says Christierson. "Clever employers use interns on really important but short-term projects. Getting somebody who is seriously smart to come in, let's say, as an internal consultant and deliver on a project is a great asset."
It's an opportunity, adds Drobis, for students to look closely at career options at a practical level. "T hey are able to derive an understanding of the organisation's principles and management structures. "
"It's also an opportunity," says Christierson, "for an employer to bring someone into the organisation for a short time, to look at the cultural fit and see if this is someone they might want to recruit."
The new internship elective programme will be launched next year when fulltime MBA students are considering their electives in the third and fourth quarters of study. After exams in November, they would start two- to three-month internships in early 2009.
Students have an opportunity to look closely at career options on a practical level, writes Mike Holmes
FOR the first time, in 2008, the Wits Business School will offer an internship elective for fulltime MBA students.
The internship elective option emerged as part of a review of the MBA curriculum conducted in the light of trends at other leading schools at home and abroad. An internship offers a student the opportunity to apply the skills and knowledge they've acquired academically in real business situations, says Charisse Drobis of the Wits Business School careers resource centre.
Wits Business School academic director Viveka Christierson says the school, headed by Prof Mthuli Ncube, tends to get a lot of professionals moving from their field into business, or incorporating business into their professional practices. The curriculum review concluded that an internship programme, akin to the American model, would build "a very good bridge".
"Seeing that for more than 15 years we have offered very successfully a two-month internship to our fulltime postgraduate diploma in management (PDM) students, we thought: why not offer an internship as an option to our fulltime MBA students?
"At the end of their six fundamental and 10 core courses, MBA students can choose from a wide range of electives," she says. "This internship is a choice -- it is not compulsory -- and would take the place of two electives."
The PDM internships constitute the academic third quarter (eight weeks) when students, many with little or no working experience, take on projects and put academic theory into practice at top management consulting, finance and banking, health-care and fast-moving consumer goods companies.
They might, for instance, be asked to design and implement a change-management strategy, implement a transformation framework, design a training programme, conduct stakeholder and competitor analyses, design and implement marketing campaigns or new-product launches, or research, analyse and report back on customer needs.
Similar challenges would apply at a Master's level of function and theory, says Christierson. "Clever employers use interns on really important but short-term projects. Getting somebody who is seriously smart to come in, let's say, as an internal consultant and deliver on a project is a great asset."
It's an opportunity, adds Drobis, for students to look closely at career options at a practical level. "T hey are able to derive an understanding of the organisation's principles and management structures. "
"It's also an opportunity," says Christierson, "for an employer to bring someone into the organisation for a short time, to look at the cultural fit and see if this is someone they might want to recruit."
The new internship elective programme will be launched next year when fulltime MBA students are considering their electives in the third and fourth quarters of study. After exams in November, they would start two- to three-month internships in early 2009.
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