Warwick Business School
Encyclopedia
Warwick Business School, also known as WBS, was established in 1967 as the School of Industrial and Business Studies.
It offers undergraduate, postgraduate and PhD
degree programmes,
as well as non-degree executive education for individuals and companies.
Its MBA
programme, known as the Warwick MBA,
is offered as a one-year full-time programme, an executive MBA, and by distance learning.
The Dean of Warwick Business School is Professor Mark P. Taylor. WBS is consistently ranked among the top three business schools in the United Kingdom.
WBS is sited in three buildings on the University of Warwick campus
on the border of the City of Coventry
and the County of Warwickshire
in the UK
. It has a semi-rural green belt
location.
in
the UK to gain triple accreditation
by the leading international
management education accreditors:
WBS was the first UK institution to be accredited by AACSB, and is one
of only 3 UK business schools to be awarded the top five-star (5*) research rating by the Higher Education Funding Council for England (HEFCE), the others being London Business School and Lancaster's School of Management.
WBS is also a member of the US-based Graduate Management Admission Council, which administers
the Graduate Management Admissions Test (GMAT).
Media rankings each use different methodologies. This leads to variations in positions among leading schools which is not trivial to evaluate. WBS is consistently placed in the top 1% among more than 5000 recognized business schools worldwide, whichever ranking is considered, and often in the top 10 in Europe, although it was ranked 13th in the 2009 QS Global 200 Business Schools Report
.
According to the Financial Times
Global MBA Ranking, WBS constantly lose positions across the last four years, scoring 29th (2008), 37th (2009), and (2010) , respectively. On 2011, WBS left the top 50 business schools at global level, placing itself at the 58th place in the FT ranking.
The Warwick MBA by distance learning was ranked 3rd in the world by the Economist Intelligence Unit in 2008, whilst the Warwick Executive MBA was ranked 14th in 2006 by Financial Times.
In 2008 The Economist Intelligence Unit's Which MBA ranking also placed Warwick's full-time MBA programme 29th in the world, top 10 in Europe and 6th in the world for the final salary of its graduates, placing it ahead of other top international business schools such as Said Business School (Oxford), Yale School of Management, and ESADE. Moreover, HM Treasury
ranked WBS 18th in the world as part of the Highly Skilled Migrant Programme
which exempts MBAs from the world's top 50 business schools from the usual visa requirements to work in the UK.
WBS is also regarded as one of the best undergraduate business education providers in the UK. The league table results for the WBS Undergraduate Programmes are as follows:
Number 1 for Accounting & Finance in The Complete University Guide 2011
Number 1 for Accounting & Finance in The Times University League Table 2011
Number 1 for Undergraduate Business & Management in The Guardian University Guide 2011
Number 1 for Management in The Sunday Times League Table 2011
Moreover, at undergraduate level, competition for places at WBS is extremely tough, with more than 8 applicants for every place and the 2nd highest average UCAS tariff score amongst students in the UK (462 - equivalent to more than AAAB at A-level). WBS graduates also enjoy one of the best reputations amongst employers, with a Guardian survey rating WBS graduates the most employable in the UK. The 2010 ARWU
Shanghai Ranking placed WBS at the 34th position ahead of the Dartmouth College
, INSEAD
and London Business School
.
WBS has developed strong links with other prestigious business schools including Wharton School of Business, SDA Bocconi
, ESADE
, and Cornell.
In 1981, the MSc in Management was renamed the Warwick MBA. At its 20th anniversary in 1987, SIBS was renamed Warwick Business School. The department had grown to over 100 staff, 815 students and 11 programmes. In 1997, following expansion of the distance learning MBA in particular, the staff tally was over 260, with 3,160 students across 17 programmes.
In 2000, a new Executive MBA teaching centre was opened, the first of four phases of development of new premises for WBS. Further phases opened in 2001 and 2006, increasing the teaching capacity of WBS dramatically. This was followed by aggressive recruitment of academic faculty. In 2006, there were a total of 319 staff and 7,539 students across 25 degree programmes, from over 100 countries worldwide.
It offers undergraduate, postgraduate and PhD
PHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
degree programmes,
as well as non-degree executive education for individuals and companies.
Its MBA
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
programme, known as the Warwick MBA,
is offered as a one-year full-time programme, an executive MBA, and by distance learning.
The Dean of Warwick Business School is Professor Mark P. Taylor. WBS is consistently ranked among the top three business schools in the United Kingdom.
WBS is sited in three buildings on the University of Warwick campus
Campus university
A campus university is a British term for a university situated on one site, with student accommodation, teaching and research facilities, and leisure activities all together...
on the border of the City of Coventry
Coventry
Coventry is a city and metropolitan borough in the county of West Midlands in England. Coventry is the 9th largest city in England and the 11th largest in the United Kingdom. It is also the second largest city in the English Midlands, after Birmingham, with a population of 300,848, although...
and the County of Warwickshire
Warwickshire
Warwickshire is a landlocked non-metropolitan county in the West Midlands region of England. The county town is Warwick, although the largest town is Nuneaton. The county is famous for being the birthplace of William Shakespeare...
in the UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. It has a semi-rural green belt
Green belt
A green belt or greenbelt is a policy and land use designation used in land use planning to retain areas of largely undeveloped, wild, or agricultural land surrounding or neighbouring urban areas. Similar concepts are greenways or green wedges which have a linear character and may run through an...
location.
Accreditation & reputation
WBS was the first business schoolBusiness school
A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...
in
the UK to gain triple accreditation
Triple accreditation
Triple Accreditation is the accreditation awarded to 55 business schools worldwide by the three largest and most influential business school accreditation associations:...
by the leading international
management education accreditors:
- EQUISEuropean Quality Improvement SystemThe European Quality Improvement System is a school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development...
(efmd, Europe) - AMBAAssociation of MBAsThe Association of MBAs is a London-based international organization that accredits postgraduate business programs at business schools worldwide. The Association is one of the three main global accreditation bodies in business education and styles itself "the world's impartial authority on...
(UK) - AACSBAssociation to Advance Collegiate Schools of BusinessThe Association to Advance Collegiate Schools of Business was founded in 1916 to accredit schools of business worldwide. The first accreditations took place in 1919. The stated mission is to advance quality management education worldwide through accreditation and thought leadership. It is regarded...
(USA)
WBS was the first UK institution to be accredited by AACSB, and is one
of only 3 UK business schools to be awarded the top five-star (5*) research rating by the Higher Education Funding Council for England (HEFCE), the others being London Business School and Lancaster's School of Management.
WBS is also a member of the US-based Graduate Management Admission Council, which administers
the Graduate Management Admissions Test (GMAT).
Media rankings each use different methodologies. This leads to variations in positions among leading schools which is not trivial to evaluate. WBS is consistently placed in the top 1% among more than 5000 recognized business schools worldwide, whichever ranking is considered, and often in the top 10 in Europe, although it was ranked 13th in the 2009 QS Global 200 Business Schools Report
QS Global 200 Business Schools Report
The QS Global 200 Business Schools Report identifies the most popular business schools in each region of the world. It aims to serve employers seeking MBAs at a regional level. It originated in the early 1990s under the partnership Quacquarelli Symonds. The TopMBA Career Guide was made in 1990, and...
.
According to the Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
Global MBA Ranking, WBS constantly lose positions across the last four years, scoring 29th (2008), 37th (2009), and (2010) , respectively. On 2011, WBS left the top 50 business schools at global level, placing itself at the 58th place in the FT ranking.
The Warwick MBA by distance learning was ranked 3rd in the world by the Economist Intelligence Unit in 2008, whilst the Warwick Executive MBA was ranked 14th in 2006 by Financial Times.
In 2008 The Economist Intelligence Unit's Which MBA ranking also placed Warwick's full-time MBA programme 29th in the world, top 10 in Europe and 6th in the world for the final salary of its graduates, placing it ahead of other top international business schools such as Said Business School (Oxford), Yale School of Management, and ESADE. Moreover, HM Treasury
HM Treasury
HM Treasury, in full Her Majesty's Treasury, informally The Treasury, is the United Kingdom government department responsible for developing and executing the British government's public finance policy and economic policy...
ranked WBS 18th in the world as part of the Highly Skilled Migrant Programme
Highly Skilled Migrant Programme
The Highly Skilled Migrant Programme was a scheme, which has now been phased out, that was designed to allow highly skilled people to immigrate into the United Kingdom to look for work or self-employment opportunities. It was different from the standard UK work permit scheme in that applicants did...
which exempts MBAs from the world's top 50 business schools from the usual visa requirements to work in the UK.
WBS is also regarded as one of the best undergraduate business education providers in the UK. The league table results for the WBS Undergraduate Programmes are as follows:
Number 1 for Accounting & Finance in The Complete University Guide 2011
Number 1 for Accounting & Finance in The Times University League Table 2011
Number 1 for Undergraduate Business & Management in The Guardian University Guide 2011
Number 1 for Management in The Sunday Times League Table 2011
Moreover, at undergraduate level, competition for places at WBS is extremely tough, with more than 8 applicants for every place and the 2nd highest average UCAS tariff score amongst students in the UK (462 - equivalent to more than AAAB at A-level). WBS graduates also enjoy one of the best reputations amongst employers, with a Guardian survey rating WBS graduates the most employable in the UK. The 2010 ARWU
Academic Ranking of World Universities
The Academic Ranking of World Universities , commonly known as the Shanghai ranking, is a publication that was founded and compiled by the Shanghai Jiaotong University to rank universities globally. The rankings have been conducted since 2003 and updated annually...
Shanghai Ranking placed WBS at the 34th position ahead of the Dartmouth College
Dartmouth College
Dartmouth College is a private, Ivy League university in Hanover, New Hampshire, United States. The institution comprises a liberal arts college, Dartmouth Medical School, Thayer School of Engineering, and the Tuck School of Business, as well as 19 graduate programs in the arts and sciences...
, INSEAD
INSEAD
INSEAD is an international graduate business school and research institution. It has campuses in Europe , Asia , and the Middle East , as well as a research center in Israel...
and London Business School
London Business School
London Business School is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park...
.
WBS has developed strong links with other prestigious business schools including Wharton School of Business, SDA Bocconi
SDA Bocconi
SDA Bocconi School of Management is the graduate business school of the Bocconi University at Milan, Italy. It was founded in 1971 as a school of business education featuring strong international ties...
, ESADE
ESADE
The Escuela Superior de Administración y Dirección de Empresas is a college associated with the Ramon Llull University located in Barcelona, Spain. ESADE is composed of three departments; the ESADE Business School, the ESADE Executive Language Center and the ESADE Law School...
, and Cornell.
History
Warwick's School of Industrial and Business Studies (SIBS) was founded in 1967, with Brian Houlden as Chair, a total of five academic staff and 24 students across three programmes (MSc Management & Business Studies, MSc Management Science & Operational Research, Doctoral programme). It quickly gained a reputation for excellent research, particularly in the field of industrial relations. The Industrial Relations Research Unit, founded by Hugh Clegg in 1970 focused on achieving a better understanding of workplace industrial relations in general and workplace trade unionism in particular, in a time when the UK was perceived to suffer greatly from industrial strife and poor economic performance.In 1981, the MSc in Management was renamed the Warwick MBA. At its 20th anniversary in 1987, SIBS was renamed Warwick Business School. The department had grown to over 100 staff, 815 students and 11 programmes. In 1997, following expansion of the distance learning MBA in particular, the staff tally was over 260, with 3,160 students across 17 programmes.
In 2000, a new Executive MBA teaching centre was opened, the first of four phases of development of new premises for WBS. Further phases opened in 2001 and 2006, increasing the teaching capacity of WBS dramatically. This was followed by aggressive recruitment of academic faculty. In 2006, there were a total of 319 staff and 7,539 students across 25 degree programmes, from over 100 countries worldwide.
Deans
- Brian Houlden (1967–1973)
- Roger Fawthrop (1973–1976)
- Derek Waterworth (1976–1978)
- Robert Dyson (1978–1981)
- Thom Watson (1981–1983)
- George Bain (1983–1989)
- Robin Wensley (1989–1994)
- Robert Galliers (1994–1998)
- Robert Dyson (1998–2000)
- Howard Thomas (2000–2010)
- Mark P. Taylor (2010–present)
Undergraduate
- BSc Accounting & Finance
- BSc Management
- BSc International Business
- BSc International Management
- BA German & Business Studies
- BA Law & Business Studies
- BSc Joint degrees with sciences
Postgraduate
- MSc Accounting & Finance
- MSc Business Analytics & Consulting
- MSc Finance & Economics
- MSc Finance
- MSc Financial Mathematics
- MSc Information Systems & Management
- MSc Management
- MSc Management Science & Operational Research
- MSc Marketing & Strategy
- MA Industrial Relations & Personnel Management
- MA European Industrial Relations
- MA Organisation Studies (MA in Management & Organizational Analysis from 2009)
- The Warwick MBA (Master of Business AdministrationMaster of Business AdministrationThe Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
) - The Warwick MPA (Master of Public AdministrationMaster of Public AdministrationThe Master of Public Administration is a professional post-graduate degree in Public Administration. The MPA program prepares individuals to serve as managers in the executive arm of local, state/provincial, and federal/national government, and increasingly in nongovernmental organization and...
) - Doctoral programme (PhDPHDPHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
) - PhDPHDPHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
in Finance
Faculty
As of 2006, the WBS academic faculty consisted of 113 teaching staff, 60 researchers, and 15 visiting academics. Over one third come from outside the UK or have worked abroad. All academics are members of a teaching subject group, a research centre or unit, and often of both. Each teaching subject group has a group convenor or head, and devolved group management. Each research centre has a director, and has similarly devolved management. Research centres may have a board with external representation to ensure practical relevance of research strategy. There are also two institutes which act as umbrella groups for a range of subject-specific research activities:- Institute of Governance & Public Management
- Warwick Finance Research Institute
Subject groups
- Accounting, Markets & Organisations (AMO)
- Behavioural Science (BehSci)
- EntrepreneurshipEntrepreneurshipEntrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
& Innovation (EIG) - FinanceFinance"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
(FIN) - International Centre for Governance & Public ManagementPublic managementPublic management is a term that considers that government and non-profit administration resembles private-sector management in some important ways. As such, there are management tools appropriate in public and in private domains, tools that maximize efficiency and effectiveness...
(IGPM) - Industrial Relations & Organisational BehaviourOrganizational studiesOrganizational studies, sometimes known as organizational science, encompass the systematic study and careful application of knowledge about how people act within organizations...
(IROB) - Information SystemsInformation systemsInformation Systems is an academic/professional discipline bridging the business field and the well-defined computer science field that is evolving toward a new scientific area of study...
& Management (ISM) - MarketingMarketingMarketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
& Strategic ManagementStrategic managementStrategic management is a field that deals with the major intended and emergent initiatives taken by general managers on behalf of owners, involving utilization of resources, to enhance the performance of firms in their external environments...
(MSM) - Operations ManagementOperations managementOperations management is an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as little resources as needed, and...
(OM) - Operational Research & Management Sciences (ORMS)
Research Centres
- Centre for Management Under RegulationRegulationRegulation is administrative legislation that constitutes or constrains rights and allocates responsibilities. It can be distinguished from primary legislation on the one hand and judge-made law on the other...
(CMUR) - Centre for Small & Medium-Sized Enterprises (CSME)
- Financial EconometricsEconometricsEconometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
Research Centre (FERC) - Financial OptionsOption (finance)In finance, an option is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the...
Research Centre (FORC) - Industrial Relations Research Unit (IRRU)
- InnovationInnovationInnovation is the creation of better or more effective products, processes, technologies, or ideas that are accepted by markets, governments, and society...
, Knowledge & Organisational Networks Research Unit (IKON) - Local GovernmentLocal governmentLocal government refers collectively to administrative authorities over areas that are smaller than a state.The term is used to contrast with offices at nation-state level, which are referred to as the central government, national government, or federal government...
Centre (LGC)
See also
- List of business schools in Europe
- business schoolBusiness schoolA business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...
- MBA
- University of WarwickUniversity of WarwickThe University of Warwick is a public research university located in Coventry, United Kingdom...
- Warwick Business School Society