Misplaced Pages

#121878

67-671: Hult International Business School (also known as Hult Business School or Hult ) is a private business school with campuses in London , San Francisco , Dubai , New York City , and Cambridge, Massachusetts . Hult is named for the school's benefactor Bertil Hult and is affiliated with the EF Education First Group. Hult is the successor of the Arthur D. Little School of Management, founded in 1964 in Cambridge, Massachusetts , and of

134-571: A 60% increase since the establishment of HEC in 2002. The HEC digital library now provides access to over 20,000 leading research journals, covering about 75% of the world's peer-reviewed scientific journals. Until 1991, there were only two recognized private universities in Pakistan: Aga Khan University , established in 1983, and Lahore University of Management Sciences , established in 1985. By 1997, there were 10 private universities. From 2001–2002, this number had doubled to 20. Among

201-621: A distinction between free institutions (as in free from the State), which are recognized and funded by the Communities of Belgium (the State until 1990) and follow the same rules and laws as fully public universities, and fully private institutions, which are not recognized nor funded by the authorities, and thus do not issue valid degrees. Private ( free ) institutions are predominantly Catholic: UCLouvain , KU Leuven or Saint-Louis University, Brussels . On

268-582: A private American university located in London's Bloomsbury neighborhood, which subsequently was reestablished as Hult International Business School's London campus. In 2014, Hult International Business School acquired and merged with Ashridge Business School, creating one of the largest business schools in the world. After 2015, the two schools began operating as a singular entity, with the establishment of Ashridge Executive Education as Hult's executive program. Hult opened its undergraduate campus in London, near

335-761: A private institution to be called " université ", and most of the universities in France are public. In France, grandes écoles are part of an alternative educational system that operates alongside the mainstream French public university system . Grandes écoles can be public , semi-private or private, but the most prestigious ones are public. These institutions operate mostly in engineering studies and business administration. The best-known semi-private grandes écoles are generally business, engineering, and humanities schools; they are generally managed by chambers of commerce and industry, with capital open to other private companies. Other grandes écoles are entirely private, but this

402-478: A privilege previously only enjoyed by the wealthy. Subsequent executive education programs, including the 13-week Advanced Management Program at Harvard University and the four-week Institute for Management at Northwestern University's School of Commerce (now the Kellogg School of Management), developed in response to the need to rapidly train line executives for general management in the post-World War II era. By

469-457: A requirement for all foreign institutions endeavoring to operate businesses in the country. Almost all the private universities in Ghana focus on similar areas of academic study, including business administration, human resources, accounting, information technology, and related fields, which are offered by universities like Ashesi , Regent , Valley View , and Ghana Telecom , among others. In addition,

536-472: A tradeshow in the 1970s for companies interested in learning about university-based executive education and an annual conference for members. UNICON has since grown into a consortium of nearly 100 universities with executive education programs around the globe. It sponsors three annual conferences that allow members to share best practices, conducts research into topics of concern and provides benchmarking data for members. Executive education further developed in

603-614: Is a partnership between Hult International Business School, the Clinton Global Initiative , and the United Nations Foundation . The best teams from each regional event advance to a global final, at which a single winning team is chosen. Bertil Hult provides a $ 1 million cash grant to help fund the winning solution. 42°22′10″N 71°04′25″W  /  42.36944°N 71.07361°W  / 42.36944; -71.07361 Private university Across

670-1108: Is due to the form of testing in schools in Taiwan, in which students take a national entrance exam to determine their university qualifications. The most well known private university is Fu Jen Catholic University , and the oldest is Tunghai University . Since the 1990s, several private universities have opened in Vietnam including Ho Chi Minh City Open University being one of the first. Some characteristics of Vietnamese private universities as of 2010 are high (very high in some cases) tuition fees, poor infrastructure, limited faculty, and human resources. Private universities are often named after scholars ( Fulbright University Vietnam, Vo Truong Toan University, Nguyen Trai University, Luong The Vinh University, Chu Van An University, Yersin University, Phan Chau Trinh University), or heroes/legends ( Hung Vuong University, Quang Trung University); although there are exceptions such as FPT University , named after

737-528: Is home to several private universities, including Sohar University , the University of Nizwa , Middle East College , and the German University of Technology in Oman . These universities offer a range of undergraduate, graduate, and professional programs in fields such as business, engineering, and information technology. Private universities in Oman offer a more personalized and interactive learning experience, as

SECTION 10

#1732872208122

804-400: Is made by Rakesh Khurana , among others. The genesis of executive education can be traced to Frederick Taylor and his 1911 treatise Principles of Scientific Management . This book described how the application of the scientific method to the management of workers could improve productivity. Taylor's ideas, also known as "Taylorism" would become the standard for businesses worldwide. On

871-697: Is one private university in Madaba city, the American University of Madaba (AUM) . There are 11 private universities and colleges in Kuwait . There are 19 private universities in Lebanon. Among these, the American University of Beirut and the Lebanese American University are internationally acknowledged. The languages used for teaching in private universities are mainly French and English ; Arabic

938-546: Is rarer, and they sometimes establish partnerships with public universities. Executive education Executive education ( ExEd or Exec. Ed ) refers to academic programs at graduate-level business schools for executives, business leaders and managers, globally. These programs are generally non-credit and non-degree-granting, but sometimes lead to certificates , and some offer continuing education units accepted by professional bodies and institutes. Estimates by Business Week magazine suggest that executive education in

1005-504: Is responsible for the accreditation of these institutes and degrees. These mostly provide undergraduate degrees with a few providing postgraduate degrees. The Informatics Institute of Sri Lanka (IIT), NSBM Green University (NSBM), Horizon Campus and Sri Lanka Institute for Information Technology (SLIIT) are examples. Some foreign universities franchise parts of their degree courses in Sri Lanka with local institutes. Students are charged for

1072-702: Is widely used in religious universities and Armenian is used in the Armenian university. The first university opened in Lebanon was the Syrian Protestant College in 1866 (which became the American University of Beirut in 1921). It was founded by Daniel Bliss, a Protestant missionary. The second university opened in Lebanon was the Université Saint-Joseph , founded by the Jesuits in 1875. Oman

1139-672: The American University in Cairo , the German University in Cairo , The British University in Egypt , the Arab Academy for Science, Technology and Maritime Transport , Misr University for Science and Technology , Misr International University , Future University in Egypt and the Modern Sciences and Arts University . In addition to the state-funded national and private universities in Egypt , international university institutions were founded in

1206-736: The Ashridge Business School , founded in 1959 in Ashridge, England . It offers undergraduate , master's , and MBA degree programs, as well as executive education through Hult Ashridge , housed on the Ashridge Estate campus . The school is also the patron of the Hult Prize , a student entrepreneur competition. The Arthur D. Little School of Management was founded in 1964 by Arthur Dehon Little in Cambridge, Massachusetts . Originally developed as an executive management education program,

1273-1067: The City of London financial centre, in 2014. The Economist Intelligence Unit , supported by Hult International Business School, launched the Business Professor of the Year Award in 2012. By 2014 Hult had become the world's largest graduate business school by enrollment. Hult maintains 7 campuses across 3 countries and serves approximately 3,000 students: two undergraduate and postgraduate campuses (London and Boston), three postgraduate campuses that serve as summer rotational campuses (San Francisco, Shanghai and Dubai) one solely postgraduate campuses (New York City), and one executive education campus ( Ashridge Estate in Hertfordshire , United Kingdom). Students are encouraged to rotate between campuses during their programs. The Hult London Undergraduate Campus, built by British firm Sergison Bates Architects , won

1340-612: The Conservative Party . In 1959, the college was re-established as a school of management under the name Ashridge Business School . In 2002 Arthur D. Little declared bankruptcy and the for-profit educational branch of the Washington Post, Kaplan Education , initiated the purchase of the Arthur D. Little School of Management (which had then changed its name to the Concord School of Management), but subsequently decided against

1407-799: The FPT Corporation and Tan Tao University in Tan Tao Group . In Vietnam, there are also "semi-private university"; schools in this category which can receive partial financial support from the government. Almost all private universities have to invite professors and lecturers from state universities. Many lecturers from state-owned universities take up positions in private universities after their retirement. There are numerous private universities and independent faculties in Armenia , mostly in Yerevan . As of 2022, there are 31 private higher education institutions in

SECTION 20

#1732872208122

1474-524: The Financial Times . The participation of many of the most prestigious universities around the world has enhanced the value of university-based executive education. Ongoing business challenges and opportunities – a dynamic economy, developing technologies, new business models and globalization – has made the emphasis on learning new concepts throughout ones career a necessity. Despite the growing popularity of university-based executive education around

1541-653: The International University Vienna , whose accreditation was withdrawn in 2003 due to academic misconduct; Imadec University , whose first accreditation period ended in January 2006 and was not renewed; TCM Privatuniversität Li Shi Zhen in Vienna , whose accreditation period ended 2009 without renewal students; and PEF Private University of Management Vienna , which closed for economic reasons in March 2012. Belgium makes

1608-524: The New Administrative Capital and are hosting branches of Universities from abroad. The Knowledge Hub (TKH) and European Universities in Egypt (EUE) are among these institutions. The Ethiopian Orthodox Tewahedo Church doctrine embraces traditional higher institutions in Ethiopia . Modern higher education could be traced back to the regime of Emperor Haile Selassie , with the first university,

1675-523: The Private Universities Act, 1992 was instituted, consolidated, and re-enacted as the Private Universities Act, 2010 . All private universities must be approved by University Grants Commission (UGC) before they are given a permit to operate. As of April 2018, there were 97 private universities in Bangladesh . Private institutions must confer the students with external programs such as BDTVEC,

1742-493: The Royal Institute of British Architects National Award in 2015. Hult conducts business and market research out of its global research centers. Hult International Business School has an acceptance rate of 28%. It has over 19,000 alumni in over 156 countries. The Carnegie Classification of Institutions of Higher Education classifies Hult as a More Selective Institution . Hult's Master of International Business program

1809-696: The UGC (Establishment and Maintenance of Standards in Private Universities) Regulations, 2003 . Per the UGC act and these regulations, private universities are established by acts of state legislative assemblies and listed by the UGC in the Gazette upon receiving the relevant act. As confirmed by the ruling of the Supreme Court of India , recognition by the UGC is required for the university to operate. Also, per

1876-468: The University of Michigan Business School topped the list. By the next survey in 2001, the number of programs had doubled to 121, with a doubling of revenues to $ 800M. Shortly after the survey, Executive education growth was dramatically impacted by travel restrictions and the economic impact of the September 11 attacks . In 2022, 2023 & 2024, HEC Paris executive education is ranked 1st worldwide by

1943-578: The 1970s, university-based executive education continued to evolve as an industry. Several on-campus residential facilities were constructed at several universities, demonstrating the value of a standalone facility dedicated to executive education programs. This spurred the development of such facilities at schools nationwide and the subsequent expansion of short open enrollment programs. The industry's exclusive professional association, The International University Consortium for Executive Education, also came into existence during this period. UNICON began sponsoring

2010-423: The 1980s and 1990s as the increasing pace and scope of global business demanded higher levels of education among employees. The dot-com boom further changed the scope of the business landscape by favouring employees and organizations that were quick to adapt to change. As longstanding business concepts became obsolete, continual training was necessary – but earning a degree was not. In a 1999 survey of 63 programs,

2077-716: The 2003 regulations, the UGC sends committees to inspect the private universities and publishes their inspection report. The UGC publishes and regularly updates the lists of private universities. As of 23 August 2022 , the UGC lists 421 private universities. As of 2010 , Japan had 597 private universities, 86 national universities , and 95 public universities . Private universities thus account for over 75% of all universities in Japan. A large number of junior colleges in Japan are private and like public and national universities, many private universities use National Center Test for University Admissions as an entrance exam . There

Hult International Business School - Misplaced Pages Continue

2144-450: The 21st century. However, since then, Ghana has seen a flood of private universities and colleges established – a reflection of the country's stable governance and the pace of economic growth. Most of these universities are not known to be sponsored by foreign corporate organizations or government universities and the aim is to avoid the Ghanaian government's excessive payment of bonds, which is

2211-501: The Auston Institute of Management, Singapore. The Sri Lanka campus was established in 2010 and is a Board of Investment or (BOI) company. It retains a similar focus to the home campus and occupies a prime spot along Colombo's famous Galle Road. In Taiwan , private universities are typically not as prestigious as some public (national) universities. They are not ranked as high as public institutions and cost nearly twice as much. This

2278-639: The EY Tech MBA by Hult, consisting of online learning, practical experiences, insight papers and a capstone project. This MBA is now offered by EY free to all its people, regardless of rank or location and can be done over any duration. The curriculum is updated every four months. Hult International Business School is the lead sponsor of the Hult Prize (formerly Hult Global Case Challenge), an annual international case competition launched in 2010 that asks students to find solutions to global social challenges. The Prize

2345-532: The United States is an $ 800 million annual business, with approximately 80% provided by university-based business schools. Many traditionally upper-tier schools, as well as business schools and other academic institutions, offer these programs. Customized programs, which are tailored for and offered to executives of a single company, represent the fastest-growing segment of the market. Customized programs help organizations increase management capability by combining

2412-644: The University College of Addis Ababa (now called the Addis Ababa University or AAU) formed in 1950. In 1954, the Haramaya University opened. As of 2022, there are 83 private universities, 42 public universities, and more than 35 institutions of higher learning. There are 16,305 students enrolled in higher education as a whole. There were a few private universities in Ghana before the beginning of

2479-631: The University Grant Commission (UGC), is the primary regulator of higher education in Pakistan . It also facilitates the development of the higher educational system in Pakistan. Its main purpose is to upgrade the schools to be world-class centers of education, research, and development. It also plays a leading role in building a knowledge-based economy in Pakistan by giving out hundreds of doctoral scholarships for education abroad every year. Despite

2546-411: The concepts of “core competencies” and “strategic intent”. These and other respected academic business thinkers — Don Hambrick, Ram Charan, David Ulrich, Michael Hammer, Gary Hamel and many others — are the true pioneers of executive education and the ongoing effort to facilitate wealth creation and other new concepts aimed at making stronger businesses while improving the welfare of the world. Throughout

2613-480: The contrary, the Free University of Brussels (nowadays split into ULB and VUB ) was founded by masonic individuals. All of these institutions began to be recognized by the State from 1891 onwards. It is forbidden by law to call a fully private institution "university" or "faculty", meaning fully private (non- free ) 'universities' have limited visibility. Bulgaria has many private universities, among which

2680-517: The country, most notably the American University of Armenia and the Eurasia International University . In Austria , educational institutions must be authorized by the country to legally grant academic degrees . All state-run universities are governed by the 2002 Austrian Universities' and University Degree Programmes' Organisation Act (Federal Law Gazette No. 120/2002). In 1999, a federal law ( Universitäts-Akkreditierungsgesetz )

2747-552: The criticism of the HEC, its creation had a positive impact on higher education in Pakistan. Its two-year report for 2004 to 2006 states that according to the Institute of Scientific Information, the total number of publications appearing in the 8,000 leading journals indexed in the Web of Science arising out of Pakistan in 2005 was 1,259 articles, representing a 41% increase over the past two years and

Hult International Business School - Misplaced Pages Continue

2814-448: The economy shows more signs of improvement. A substantial portion of the organizations surveyed by Manchester Business School said they anticipate executive education spending to moderately increase during the next three years. The situation is similar in other parts of the world according to a late 2010 state of the industry survey conducted by UNICON, which found that many prestigious universities with executive education programs around

2881-529: The first to gain degree awarding status was Hajvery University, Lahore (HU), established in 1990. From 2003–2004, Pakistan had a total of 83 private degree granting institutions. There are nine private universities in Saudi Arabia . In Sri Lanka , state-recognized private institutes are allowed to award degrees under Section 25A of the Universities Act No. 16 of 1978. The University Grants Commission

2948-593: The heels of Taylorism came The Alfred P. Sloan School of Management, which in 1914, began offering Course XV, Engineering Administration, at the Massachusetts Institute of Technology . At that time, the concept of providing business training in the academic environment was gaining popularity, thus MIT created a program “specially designed to train men to be competent managers of businesses that have much to do with engineering problems.” Harvard also began offering short five-week selections of standard MBA material in

3015-616: The largest awarding body in the country, BTEC , and Cambridge International Examinations pathways. Accreditation by the Brunei Darussalam National Accreditation Council (BDNAC) is crucial to establish a private institution. Private universities have been established in Cambodia since 1997. Since 2003, joint-partnership private universities have been established in the People's Republic of China (PRC). Typically,

3082-494: The late 1920s. In 1930, Course XV at MIT became an independent department and was named the Department of Business and Engineering Administration. In 1931, an innovative program for executive development was initiated with the backing of several industrialists. This one-year program — offering graduate study in the fundamentals of management and decision-making — was aimed at young managers who were nominated by their employers and

3149-410: The late 1970s, nearly 20 business schools in the United States were offering some form of executive education. The science of business also was developing at a rapid pace as faculty, such as Michael Porter (Harvard ) and C. K. Prahalad (University of Michigan), published academic papers that changed the way people thought and acted within companies. Prahalad is most notably remembered for developing

3216-442: The modular Advanced Management Program (AMP) offered independently by several business schools. Not all observations of university-based executive education are positive. There is some debate about whether professional development is an appropriate part of a business school's curriculum. Some believe that university-based executive education has caused some business schools to "lose track of their professional mission." This argument

3283-477: The most renowned are New Bulgarian University , located in the capital city Sofia ; Burgas Free University ; Varna Free University and American University in Bulgaria . Finland does not officially recognize private universities but does not explicitly forbid them either. Helsinki School of Business is an example of one such educational institution operating in this market. Since 1880, it has been illegal for

3350-686: The partners may include a Chinese university and a non-Chinese institution. English is often the only language of instruction at such universities and many focus on providing a comprehensive liberal arts education modeled after research universities in the United States and Europe. Universities in India are recognized by the University Grants Commission (UGC), which draws its power from the University Grants Commission Act, 1956 . Private universities in India are regulated under

3417-603: The plan. At the time, the school had 26 students. The same year, Swedish billionaire Bertil Hult purchased the Arthur D. Little School of Management, which resulted in the school's reorganization and reestablishment as Hult International Business School in 2003. Under its restructuring, Hult established a new curriculum oriented on international business , which led to the establishment of Hult's global campuses in Dubai (2008), San Francisco (2010), Shanghai (2011), and New York (2014). In 2007, Hult acquired Huron University in London ,

SECTION 50

#1732872208122

3484-637: The recent discovery of oil and gas in commercial quantities has influenced the development of oil and gas management courses within the private universities' curricula. Libya has several recognized private education institutions and universities that have been approved by the Ministry of Higher Education. They are ranked and qualified to specialize in academic programs in Business Administration, Computer Science, Law, Medicine, and Humanitarianism. The National Universities Commission of Nigeria holds

3551-785: The responsibility to approve private universities and accredit their courses. This ensures a minimum standard in curriculum and teaching. There are currently 60 approved private universities in Nigeria and many applications are being processed. In South Africa , there are many distinctions between public universities and what are officially termed private higher education institutions. Recognized private higher education institutions include Akademia ( af ), Regent Business School , Eduvos , Varsity College , Vega School , Milpark , Midrand Graduate Institute , and Regenesys Business School . Numerous private universities were established in Bangladesh after

3618-428: The same privileges including social security, foreign law, and state scholarships as students at state universities. Educational services of private universities are not subject to value added tax , and donations are tax-deductible. Accreditations must be renewed regularly and can be withdrawn, e.g., in the case of repeated academic misconduct as happened in 2003 when the accreditation of International University Vienna

3685-524: The school began to grant degrees after receiving full accreditation by the New England Association of Schools and Colleges in 1976. In 1996, the Arthur D. Little School of Management formed a partnership with Boston College 's Carroll School of Management in order to share access to faculty and facilities. In 1929, Ashridge was formally established as the College of Citizenship with the backing of

3752-476: The science of business and performance management with specialized programs that enable executives to develop new knowledge, skills, and attitudes. Research shows that a firm which has a clearly articulated and understood business strategy — and the capability to carry it out — will have a higher market-to-book value than a firm that does not. Open enrollment programs are also available as part of university-based executive education offerings, which occur throughout

3819-621: The student-teacher ratio is typically lower and there are more opportunities for hands-on learning. Additionally, private universities in Oman often have more flexible curriculums and can respond quickly to changing labor markets and global trends.   All private universities in Oman must be recognized by the Omani Ministry of Higher Education to offer degree programs and receive approval for new degrees. The Ministry has procedures and standards that all universities must meet to receive accreditation and recognition as an institution of higher education. The Higher Education Commission (HEC), formerly

3886-403: The study (some of these institutes are state-funded institutions of their home countries) and these charges are often a fraction of the cost of studying in the home countries of these institutions. Efforts to establish private universities have been blocked due to protests from state universities' undergraduates and leftist political parties. Many private colleges have sprung up since, including

3953-721: The term "university" as opposed to "private university" in their advertisements in all languages except German while still complying with Austrian law. While the legal definition of "private university" prohibits funding by the federal government of Austria, funding by other public bodies is not prohibited. Consequently, some of Austria's private universities are partly or wholly funded by provincial governments, while others are fully privately funded. Accreditation of private universities began in 2001. As of 2020 , Austria has 16 private universities. Most are small (fewer than 1000 students) and specialize in only one or two fields of study. Four former private universities are not accredited anymore:

4020-544: The world expect notably higher enrollment during 2011. Sixty-five percent of UNICON survey participants predicted increased participation in their open enrollment programs this year. Additionally, 78 percent of schools projected an increase in customized executive education programs during 2011. Nearly half of the schools surveyed indicated an increase in their number of programming days, now offering up to 39 weeks in open enrollment programs and an average of 49 weeks in custom programs. Slightly more than half also reported increasing

4087-427: The world, different countries have different regulations regarding accreditation for private universities and as such, private universities are more common in some countries than in others. Some countries do not have any private universities at all. Egypt currently has 21 public universities with about two million students and 23 private universities with 60,000 students. Egypt has many private universities including

SECTION 60

#1732872208122

4154-621: The world, the global economic recession has slowed the industry's growth during the past few years. According to a 2011 study conducted by the Manchester Business School in partnership with Dubai International Academic City and Dubai Knowledge Village , the global economic downturn has had a negative impact on learning and development spending within the Middle East. More than half the respondents noted that spending on executive education had been “significantly” affected, while other organizations agreed that spending had been “somewhat” affected. A return to higher participation appears to be coming as

4221-403: The year on selected dates, and are available to participants from different companies and organizations. Shorter executive education programs tend to focus on specific roles or industries, or on improving specific leadership skills , such as persuasion, negotiation, team building or communication. Some executive education providers offer more comprehensive management training options, such as

4288-463: Was highly competitive. In 1938, the program received full funding from the Alfred P. Sloan Foundation and was formally named the MIT Sloan Fellowship Program for Executive Development at MIT. Executive Education in the United States developed a critical mass after World War II. The Servicemen's Readjustment Act of 1944 — commonly known as the GI Bill of Rights — allowed veterans to take advantage of education benefits. Many studied business in college,

4355-535: Was passed to allow the accreditation of private universities. The Akkreditierungsrat (Accreditation Council) evaluates applicants and issues recommendations to the responsible Austrian accreditation authority (the Austrian Federal Ministry of Science & Research). Accreditation by the council yields a couple of privileges: degrees issued by accredited private universities have the same legal status as those issued by state-run universities. Private universities can appoint or promote professors . Their students enjoy

4422-400: Was ranked #17 in The Economist's ranking of Masters in Management programs worldwide in 2019. In 2020, Hult's Ashridge Executive Education was ranked #16 in the Financial Times Executive Education Top 50 Schools list. In 2022, Hult's Executive MBA was ranked among the top 100 in the world in the QS International Trade Rankings. On 1 July 2020, Hult and Ernst & Young (EY) announced

4489-413: Was withdrawn. In 2006, when the accreditation of Imadec University expired, the Accreditation Council rejected any renewal requests. Austrian law provides that private universities in Austria must use the term Privatuniversität ("private university") in their German names, although their formal names in other languages are not regulated. Thus, there is the possibility of private institutions employing

#121878