Haas faculty are teaching Chinese leaders in Shanghai.
Haas faculty are providing an executive-level program in Shanghai that presents a Silicon Valley perspective on business, innovation, and leadership to top Chinese government leaders.
The three-year pilot program is a partnership between Berkeley-Haas and the China Executive Leadership Academy Pudong, one of three preeminent Chinese government leadership academies. Four times a year, a member of the Berkeley-Haas faculty will travel to Shanghai to teach an intensive course focusing on current issues in business, innovation, and public policy.
Professor Andrew K. Rose, associate dean for faculty, taught the first course, on the impact of European and U.S. monetary policy on the Chinese economy, in May. Dean Rich Lyons will teach the next course, on innovative leadership, in September.
Seventy new students joined the Haas community in May as the 2015 class of the Berkeley MBA for Executives Program, including four pilots, two medical doctors, a sustainability-focused urban architect, and leaders from such influential tech companies as Hewlett-Packard, Apple, and Cisco. The second class of the new program, which launched last year, boasts a breadth of international experience, ranging from software entrepreneurship in Japan to deep banking experience in China. Students average 13 years of work experience, and 29 percent of the class hails outside the Bay Area.
Tapping into a new Berkeley crowdfunding platform, the Haas School’s Center for Responsible Business raised more than $250,000 this spring to scale up its Socially Responsible Investment Fund. The center surpassed its $100,000 goal, raising more than $125,000 from individual donations and corporate matches. That amount then was doubled by a matching gift from alumnus Charlie Michaels, BS 78.
Michael Weber, PhD 14, received a Top Finance Graduate Award from the Copenhagen Business School, becoming the first Haas PhD student to receive this honor. Weber was recognized for his dissertation “Nominal Rigidities and Asset Pricing,” in which he showed that the inability of firms to adjust product prices to economic shocks exposes them to higher systematic risk. Weber will become an assistant professor at the University of Chicago in July.
Berkeley MBA alumni have the highest job satisfaction among all major full-time MBA programs in the U.S., according to a Forbes survey released in April. And Berkeley MBA alumni are the second most satisfied alumni overall among U.S. full-time MBA programs, according to the survey of 4,600 graduates from 2008.
Just before graduating, a team of students in the Berkeley Master of Financial Engineering Program took first place among U.S. teams and third overall among more than 50 rivals in the Rotman International Trading Competition, the world’s largest trading competition.
The team consisting of Varun Tomar, Weijian Chuah, Darren Ho, Ekaterina Matrosova, Gursahib Narula, and Wilson Wong outflanked such schools as MIT, Princeton, Stanford, Duke, Cornell, and the University of Chicago. The team earned “silver” in an interest-rate trading case, “bronze” in a commodities trading case, and sixth in options trading.
A second Berkeley team won “gold” in the options case, earning a cash prize. The team consisted of Queeny Cheng, Jun Du, David Elledge, Mayank Gupta, Rahul Gupta, and Alex Li.
Jose Fierro, MBA 15, flew F-18s in the Marines.
The image of a campus waging a war on war has transformed with the times, and in recent years the Full-time Berkeley MBA Program has seen a nearly fourfold increase in students with military backgrounds.
“The education is world class and the values are highly compatible with what we learn in the military,” says Jose Fierro, MBA 15, who flew F-18s for the Marines for 16 years.
“The Berkeley MBA is a tremendous value for military students—no out-of-pocket costs plus a generous housing stipend each month,” adds Steve Weddle, MBA 15, a former Air Force captain.
Veterans also benefit from one-on-one career counseling for a diversity of career options. “Being a student here, I feel I have a very good path before me,” says Air Force Academy graduate Tanya Chavez, MBA 16, a part-time student who is applying her learning at her job in the wine industry. “Haas was a great choice.”
The Haas School’s Lester Center for Entrepreneurship sewed up a new agreement with Intel to run the Development Track of the semiconductor giant’s $1.3 million Make It Wearable Challenge.
The challenge is a global call for teams that push the limits of wearable technology, a market Wired magazine predicts will become as big as the smartphone.
UC Berkeley instructors lead by Lester Center Executive Director Andre Marquis will guide 10 finalist teams through an intensive online accelerator from August to October, with a final week onsite at UC Berkeley. Each finalist team will get $50,000. The grand prize winner, as judged by executives including Intel CEO Brian Krzanich, will receive $500,000.
The Make It Wearable accelerator is built on Haas’ work leading a multimillion-dollar innovation program for the National Science Foundation. It is also part of a new initiative at the Lester Center focused on helping large corporations drive innovation using lean startup principles. The initiative combines Haas Lecturer Steve Blank’s Lean LaunchPad framework for building successful startups; principles of Open Innovation developed by Adjunct Professor Henry Chesbrough, PhD 97; and the design thinking strategies pioneered by Senior Lecturer Sara Beckman.
Poets & Quants, a business school news site, named Haas Assistant Accounting Professor Yaniv Konchitchki to its annual “World’s Top 40 Under 40” list of the best young business professors.
Since joining Haas in 2011, Konchitchki has received many awards, including the Earl F. Cheit Award for Outstanding Teaching in 2013 and membership for three straight years in Club Six, an honor given to faculty who receive the most favorable student evaluations. In August he will be honored by the Financial Accounting and Reporting Section of the American Accounting Association for co-authoring the best paper of 2014, titled “Cost of Capital and Earnings Transparency.”