Karachi School of Business & Leadership to Open Doors in 2012

[Riaz Haq]

Cambridge University's Judge Business School and Karachi Education Initiative are launching Karachi School for Business & Leadership (KSBL) in 2012.

Karachi Education Initiative, which is providing the initial core funding for KSBL, is a non-profit group of leading industrialists and businessmen of Karachi. The group has committed to raising a permanent endowment fund to support the education of deserving students at KSBL, as well as for the provision of resources, facilities and buildings required to create a world-class institution.

The school is headed by Dean Robert Wheeler III who has served at the Pennsylvania State University, University of Texas at Austin and Georgetown University in key positions like assistant dean and director of MBA program. Spread over three acres, the main campus of KSBL is now under construction on Stadium Road in Karachi. The construction phase will be over in July 2012 and the first group of students will be admitted in September. Initially, KSBL will offer a full-time, 21-month MBA program in general management only.

KSBL's MBA curriculum has been designed in collaboration with Judge Business School of Cambridge University in England. In addition to conventional teaching methods involving lectures and case studies, KSBL will use videoconferencing to let its students attend live lectures from American and British universities.

Wheeler told Express Tribune that the core faculty of KSBL would be of Pakistani origin with PhD degrees from foreign universities. “We’ll cut back on the administrative work that faculty is often required to do in Pakistan and encourage them to do applied research that could be used in the industry, government and business.” In many classes, especially those on entrepreneurship, Wheeler said more than one person would co-teach students via videoconferencing to provide them with a combination of academic and professional perspectives.

KSBL will join the ranks of other major business schools such as Karachi's Institute of Business Administration (IBA) and Lahore University of Management Sciences (LUMS) to deliver world class business education for meeting the growing demand for professional management in the industrial and service sectors of Pakistan's economy.

The history of advanced business management education began with the founding of the Institute of Business Administration (IBA) in 1955 in Karachi, Pakistan, in collaboration with the top-ranked Wharton School of Finance & Commerce at University of Pennsylvania. Additional help and support came from University of Southern California and USAID to set up facilities and train faculty.

As the contribution of agriculture dropped from 50% of GDP in 1950s to about 20% of Pakistan's economy in 2000s and Pakistan began to urbanize and industrialize, the demand for business professionals grew significantly, as did the number of schools offering business education. As of 2004, there were 87 business schools recognized by the Higher Education Commission of Pakistan, according to stats compiled by Dr. Jamshed Hasan Khan of LUMS. Of these, 28 were in the public sector and the rest in private sector.

The rapid expansion of business education has raised concerns about the quality of such education. The HEC is responding to such concerns by standardization of business curricula and accreditation requirements. A number of programs have been initiated by the HEC to improve business faculty, including scholarships for advanced training and education in Pakistan and universities in the West.

Business schools in Pakistan have produced highly competent men and women executives who have proved themselves by managing significant topline growth and increasing profitability in banking, telecom, FMCG, automobiles and other sectors in very difficult circumstances. I am optimistic that the addition of business schools like the KSBL will further enhance the capacity of future managers to deal with such challenges.

Related Links:

Haq's Musings

Pakistan's Demographic Dividend

FMCG Consumption Boom in Pakistan

Pakistan's Financial Services Sector

Pakistan's Growing Middle Class Consumption

IBA's Entrepreneurship Study Flawed

Pakistan's Media and Telecom Revolution

Pakistanis Study Abroad

Pakistan's Youth Bulge

Pakistani Diaspora World's 7th Largest

Pakistani Graduation Rate Higher Than India's

India and Pakistan Contrasted in 2011

Educational Attainment Dataset By Robert Barro and Jong-Wha Lee

Quality of Higher Education in India and Pakistan

Developing Pakistan's Intellectual Capital

Intellectual Wealth of Nations

Pakistan's Story After 64 Years of Independence

Pakistan Ahead of India on Key Human Development Indices

Working Women in Pakistan

Pakistan Youth Roundtable

Scholarships at Foreign Universities

Institute of International Education--Open Doors

UK's Higher Education Statistics Agency Report

Austrade on Education in Pakistan

[Riaz Haq]

FROM FIRST PAKISTANI ALUMNA TO IAA PRESIDENT: MEET SADIA KHAN MBA’95D

https://alumnimagazine.insead.edu/from-first-pakistani-alumna-to-ia...


Sadia Profilevestment banker, development banker, financial sector regulator, family business leader and now entrepreneur. This is the career of Sadia Khan MBA’95D: first Pakistani woman to graduate from INSEAD and new president of the world’s most international alumni organisation. She explains how being an INSEAD volunteer has played a role in her own achievements – and how the IAA is working for the benefit of all alumni.

Salamander Magazine: Do you have a secret formula for success?
Sadia Khan: Initiative. Networking. Savoir-faire. Empowerment. Attitude. Diligence… Or, for short, INSEAD! And the best way to keep that formula fresh after graduating is to join the INSEAD Alumni Association. That’s why I’ve always been so involved at a national and international level. And the network feels more vibrant today than ever before.

SM: When you returned to work in Pakistan after many years abroad, there was no National Alumni Association… So you founded one! Why?
SK: Back in 1994, I had to fly to Dubai for my INSEAD interview, because there were no graduates to interview me in Pakistan. So I realised there was a need to galvanize the small but growing number of alumni there – and to provide a much needed networking platform for the younger generation. We started with 30 members in 2007, but managed to organise high-profile events for up to 300 people. The NAA has definitely helped to build the INSEAD brand within the country.

SM: You were an INSEAD volunteer before that, though. Had you already felt the benefits?
SK: I’d been actively involved with INSEAD since graduating. While I was based in the Philippines, I started interviewing MBA candidates and discovered that it not only kept me in touch with the school’s development but also gave me the chance to interact with the next generation of business leaders.

SM: How did you get involved at an international level?
SK: I was invited to become a member of the IAA Executive Committee as VP for Asia and communications in 2012. The highlight was probably heading up the implementation of the first Global INSEAD Day in 2013. The IAA model is based on teamwork and volunteerism and it was in that spirit that I took up my current role.

SM: How did you become the global IAA President?
SK: I have to admit I was taken by surprise when the search committee approached me earlier this year! It wasn’t a role I was vying for or even contemplating at this stage of my professional life. However, I knew there was work to be done right now in enhancing the value proposition of the IAA for our alumni, and there was a great team ready to support me in this role, within the volunteer community and within the school.

SM: Why do you believe the IAA is so valuable to alumni and to the school?
SK: An active alumni association not only helps to keep the alumni energised and engaged but also contributes tremendously to the positive branding of INSEAD. Through our activities, we not only get a chance to showcase the achievements of our members but also demonstrate our deep bonding with the institution. And nothing succeeds like success. The success of the alumni boosts the reputation of the school, while in turn the success of the school enables the alumni to bask in its reflected glory. Having a strong and active alumni network is a win-win for all.

[Riaz Haq]

#British #Pakistani Professor Munir Kamal of Judge Business School appointed Pro Vice Chancellor of the prestigious #Cambridge University in #England. He's 1 of 5 Pro-Vice-Chancellors, who assist the Vice-Chancellor #education #business #economy #strategy https://www.staff.admin.cam.ac.uk/general-news/dr-kamal-munir-appoi...

Dr Munir is a Reader in Strategy and Policy at the Judge Business School, and is Academic Director at the Centre for Strategic Philanthropy. He is a University Race and Inclusion Champion, and is a Fellow of Homerton College.

In his role as Pro-Vice-Chancellor, Dr Munir will provide leadership on matters relating to the University’s community, with an emphasis on staff and external engagement. These areas of responsibility have increased significantly in recent years and are a priority area for the University.

Dr Munir’s new role takes over from Professor Eilis Ferran, who will complete her term in office as Pro‑Vice‑Chancellor for Institutional and International Relations at the end of this academic year. The international portfolio will be combined with the Pro‑Vice‑Chancellor (Research) role, since there are important synergies between the University’s international and research activities.

Dr Munir will lead the development and implementation of strategy and policy relating to all staff (academic and professional services). Building on the foundations put down during Professor Ferran’s tenure, he will have a focus on equality and diversity. The University’s aim is to stand out among its international peers for the excellence of its practice in this area. Dr Munir will also further develop the University’s considerable collections both as an important teaching and research resource, and in engagement with those outside the University community: locally, regionally, nationally and internationally.

There are five Pro-Vice-Chancellors, whose roles provide academic leadership to the University and support the Vice-Chancellor. They work as a team with the Heads of the Schools, the Registrary, the Chief Financial Officer and other senior colleagues, to ensure that the University maintains and enhances its contribution to society and its global academic standing.

[Riaz Haq]

Wharton, Berkeley, NYU Offering Online M.B.A.s for the First Time
More elite business schools try virtual degrees to lure graduate students

https://www.wsj.com/articles/online-mba-wharton-berkeley-nyu-george...


Starting next year, executive M.B.A. students at the Wharton School of the University of Pennsylvania can earn the $223,500 degree from their living rooms.

After years of resistance, some of the country’s top business schools are starting virtual M.B.A. programs that require only a few days of in-person instruction. Wharton and Georgetown University’s McDonough School of Business said they would include options for executive and part-time M.B.A. students to take most coursework online in 2023.


This fall, part-time M.B.A. students at New York University’s Stern School of Business and the University of California, Berkeley’s Haas School of Business were given an online option for most of their classes. All of the programs will charge online students the same tuition as those who attend in person, and those online students will get the same degree and credential as on-campus counterparts.

The move to give students flexible location options comes as demand for two-year, full-time traditional M.B.A. programs has been dropping amid a competitive job market and growing concern about the cost of college.

“The pandemic definitely accelerated this in every industry,” said Brian Bushee, who leads teaching and learning at Wharton and also teaches accounting. “I would be surprised in 10 or 20 years if there were schools that only did in-person and did nothing online.”

Between 2009 and 2020 the number of online M.B.A.s at accredited business schools in the U.S. more than doubled, and schools added more fully online M.B.A. degrees over the past two years during the pandemic, according to the Association to Advance Collegiate Schools of Business. Recent announcements by Wharton and others mark a turning point for adoption of the degrees even at highly ranked campuses, school leaders say.

-------

At Stern, even the students who choose online courses are required to take nine in-person credits, which can be completed on nights or weekends, or by doing an intensive weeklong session.

Boston University’s Questrom School of Business, which announced its online M.B.A. in 2019, graduated its first online M.B.A. students in August. The degree, which costs $24,000, follows a completely separate curriculum and costs far less than the traditional M.B.A. program. Online M.B.A students watch live broadcasts of professors and talk in small groups or on a virtual online forum. A 2021 survey of students found that 35% received a promotion since enrolling.

Many schools are still reluctant to make a reduced-price online degree because they fear such a product might eat up demand for their traditional M.B.A. programs, said Paul Carlile, who leads online learning at Questrom.

Halley Kamerkar, 36 years old, finished her online Questrom coursework in August and said hearing from fellow M.B.A. candidates in South Africa, Ireland and Miami was valuable.

Ms. Kamerkar, of Salem, Mass., said she thought about graduate school for a long time, but a study guide she bought for the Graduate Management Admission Test gathered dust until she learned about Questrom’s program with its $24,000 price tag. Ms. Kamerkar works in the nonprofit sector and only recently paid back her undergraduate loans.

“I did not want to give up my full-time career to take a step back and pursue education,” she said.

[Riaz Haq]

Two Titan submersible passengers were prominent science philanthropists in Pakistan

https://www.nature.com/articles/d41586-023-02100-y

Two of the passengers who died when the Titansubmersible imploded on its way to explore the wreckage of the Titanic in the North Atlantic belonged to a family that are prominent philanthropic funders of science in Pakistan.

Shahzada Dawood, and his son, Suleman Dawood, were part of the Dawood Foundation, which set up a university, girls’ school and museum, all with major focuses on science.

“The tragic loss of father and son is, first and foremost, a human tragedy and a tragedy for the family,” says environmental scientist Adil Najam, who also studies philanthropic giving in Pakistan. “We have also lost someone with a real, personal and abiding interest in science. It is a tremendous loss of a champion for science.”

“This is a huge tragedy for Pakistan,” adds Atta-ur-Rahman, a chemist at the University of Karachi and a former minister for science. “The [Dawood] family has made enormous contributions to education and science during the last five or six decades.”

The Dawood family’s foundation established the Dawood University of Engineering and Technology in Karachi; the Karachi School of Business and Leadership; the MagnifiScience Centre, Pakistan's first contemporary science museum also in Karachi. Dawood public school provides high quality science education for girls, Najam says.

Members of the Dawood family posted a statement to the foundation website about the deaths of Shahzada and Suleman. “We are truly grateful to all those involved in the rescue operations. The immense love and support we receive continues to help us endure this unimagineable loss.” The statement also said: “At this time, we are unable to receive calls and request that support, condolences and prayers be messaged instead.”

Both Rahman and physicist Pervez Hoodbhoy of the Black Hole Institute, a science and cultural centre in Islamabad, say that the Dawood Foundation is a rare example of much-needed science-philanthropy. Many young people are trying to leave Pakistan because of an economic crisis and a lack of opportunities. Around 800,000 people left in 2022 to seek work abroad. Between 400 and 750 people from Pakistan, as well as Egypt and Syria died last week when a boat capsized off the Mediterranean Sea on its way from Libya to Europe, according to media reports.

The Dawood family foundation has tried to address these problems by creating opportunities for science education. Rahman adds that there is much more that needs to be done. “We need to rethink our national policies, so that we can use this huge pool of talent for our own socio-economic development,” he says.

[Riaz Haq]

Family of Pakistani father and son who died in Titan submersible shares memories and gratitude

https://apnews.com/article/titanic-submersible-implosion-pakistan-d...

ISLAMABAD (AP) — The family of two Pakistani men who died in the implosion of a submersible as it descended to the wreckage of the Titanic held a virtual memorial service Tuesday and thanked everyone who tried to rescue the father and son or sent condolences from around the world.

The prayer service was arranged by the family of Shahzada Dawood and his 19-year-old son, Suleman, days after authorities confirmed that everyone on the Titan died. The submersible carrying five people imploded near the site of the shipwrecked Titanic and killed everyone on board.

Shahzada Dawood’s widow, Christina Dawood, was in tears as she shared memories of her husband and son. She was on board a support vessel on June 18 when she got word that communications with the Titan submersible had been lost during its voyage to the ocean floor.

In her remarks, she thanked those who had helped the family in its time of grief. The service was broadcast on YouTube through the family’s charity, the Dawood Foundation.

Shahzada and Suleman Dawood were members of one of Pakistan’s most prominent families. The elder man’s father, Hussain Dawood, said during Tuesday’s service that his son and grandson were gifts of God that had been taken back by God.

He also described the two as martyrs and said “martyrs go straight to paradise.”

“What does the father say” when he faces such a tragedy, he asked.

Hussain Dawood, said Suleman and Shahzada were very excited about going to see the Titanic and before leaving for their voyage convinced him that“we should go to Antarctica, too” next winter.

“I’m actually convinced they have enriched our lives beyond measure,” Dawood said, vowing, “We will take forward their legacy.”


Christina Dawood shared memories of when she first met her husband and their wedding in Pakistan’s eastern city of Lahore.

When Suleman was born, her husband was happy like other fathers but “when he held his son for the first time, I just knew these two belong together,” the wife and mother said. She sensed then that he had “found a long-lost companion for his adventures to come.”