Today we will cover a small yet focused and ambitious MBA program – Miami University’s Farmer School of Business.
Dean Roger L. Jenkins at Miami University’s Farmer School of Business has made significant changes to the MBA curriculum with far reaching effects.
Dean Jenkins chose 12 trusted faculty members to re-evaluate and restructure the curriculum. Jenkins did so with unique specifications:
- Base a new program off some top European B-school programs.
- Instead of the somewhat typical 2 year MBA program, Dean Jenkins switched to a fast paced 14-month program focused on efficiency.
- Add a required global component with an emphasis on studying and collaborating with the pan-Asian business community.
- Rather than the standard summer internship, Miami will institute a corporate internship that spans the entire 14 months. This internship is done in groups. The group is assigned a strategic problem that they are to work with.
A Long-Term Success Story
So far, after two graduating classes, Dean Jenkins and Farmer are pleased with the results. They are able to boast a 100% placement record for both classes. To further qualify the figure, Dean says they are “strong” placements, both in terms of salary and the organizations to which the students move.
The program, although still small with 20-25 students per graduating class, has been completely reinvented. The medium term goal is to have 125 students per class in the next 7-8 years. Over the next 20 years, they hope to grow to about 200 hundred students, remaining on the smaller end of the top 25 MBA programs. This is an interesting contrast to Miami’s very large undergraduate program.
Miami has also developed a strong new way for students to interface with their learning. Rather than having a traditional question and answer lecture format, they hope to have most of their curriculum based on video taped, online lectures. These lectures can be downloaded and viewed at the students’ convenience worldwide. This is in keeping with Miami’s desire to emphasize global study.
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