The traditional MBA degree (Masters in Business Administration) requires coursework and other study of business from a primarily financial standpoint, with some attention to management of people, to conventional economic theory, and to business ethics. A sustainable MBA program includes these subjects, and also study of managing for environmental and social sustainability. These programs are sometimes called "green MBAs".
Sustainability in these programs is generally defined to include economic, environmental, and social sustainability, collectively known as the Triple Bottom Line. For each of these domains, sustainability means that it will be possible to continue through the foreseeable future, at least, without major breakdowns, such as
The environmental and social justice movements are sources for many of the issues, arguments, and research on sustainability, but the idea has firm roots in classical economics.
One of the themes of sustainable MBA education is the extent to which environmental and social sustainability can be achieved at a profit, a question by no means answered fully.
Sustainability MBA programs can vary significantly from one school to another, some may stress management, some may stress entrepreneurship, others simply add a few "green" classes to their existing MBA program. [1] Many advise to look at a program's curriculum, history, vision, mission, and most of all, to go and attend a class before fully enrolling in a program, as transparency is espoused as core to a sustainable MBA.
The longest running fully integrated sustainability graduate school (founded 2003) is Presidio Graduate School with MBA programs in San Francisco and Seattle.
The following are some of the current business programs explicitly offering MBA degrees in sustainability. Although many traditional MBA programs have incorporated sustainability-related topics into their curriculum, this list only includes schools offering a specific degree or concentration in sustainability areas:
HAU offers a Green MBA in Leadership for a Suntainable Economy
As interest in sustainability within MBA programs has increased, so has an interest on assessing their quality and different approaches. Beyond Grey Pinstripes , a biennial ranking and program survey, published by the Aspen Institute is based on the integration of social, environmental, and ethical stewardship into university curriculum and faculty research. The ranking also weights significantly the extent to which students are exposed to these topics throughout their studies. [4] Participation in the survey requires US-based schools possess accreditation; international schools must also be accredited or be recognized as leading institutions. The 2009-2010 cycle consisted of 149 participating universities. The top-ranked school with a specialization in sustainability, Schulich, is Canadian. 63% of these schools were based in the US, while the remaining 37% were located throughout 24 countries. Although survey information from all participating schools is made available online, the top participating schools were ranked in the Aspen's Global 100 list. [5] The 2011-2012 survey and ranking again include data from 149 universities. [6]
Although not a ranking of business programs, Net Impact annually produces and publishes a graduate program guide titled Business as UNusual. The guide seeks to provide information about what graduate programs offer their students within the realm of corporate responsibility and sustainability. Data for the guide come from surveys completed by graduate student Net Impact chapter leaders and from chapter member surveys. The most recent report contains profiles of 95 business schools. [7]
Corporate Knights magazine publishes an annual "Better World MBA" ranking. [8] This ranking evaluates MBA programs based on sustainability-related research, the integration of sustainability within the program curriculum, sustainability-focused institutes, and faculty diversity. [9] In 2020, the Griffith Business School MBA was ranked #1 in the world, while Duquesne University's MBA-Sustainable Business Practices was ranked #1 in the United States. [10]
Many MBA programs which offer sustainability degrees or concentrations also appear in general business school rankings. U.S. News & World Report , Business Week , Financial Times , The Economist , and The Wall Street Journal all publish rankings of selected MBA programs. While the methodologies of each differ, most weight ranks heavily by employment and salary statistics, standardized test scores, and surveys of corporate recruiters. [11] [12] [13] [14]
Followers of Milton Friedman and the Chicago school of economics often claim that business has no other duty than profits to shareholders, and that business therefore has a duty not to pursue environmental and social sustainability except where it increases profits. The extent to which such actions are profitable is much disputed. On the other hand, Friedman actually did not say [15] that the duty to shareholders was absolute: corporations also had a duty to obey the law and compete fairly. Friedman's criticism has been debunked by legal scholars (e.g., Stout 2002), who have shown that Friedman had no legal basis for his conclusion. Corporate executives do not legally need to run the corporation for shareholders and could, in fact, operate the corporation to benefit society and environment. The fact that Friedman misunderstood corporate governance is no surprise as it was not his area of expertise, and the fact that the NYT Magazine allowed the mistake is not a surprise as it is not a double blind peer reviewed academic journal.
The debate must then turn to the question of what laws may properly be placed on corporate behavior to prevent fraud and other forms of malfeasance, and to ensure open and free competition, with what enforcement mechanisms. Also, whether corporate lobbying for subsidies and other legally-mandated advantages is fair, given that it is economically inefficient and indeed harmful. This question turns in part on the honesty and effectiveness of governments, where results are decidedly mixed. It also turns in part on the honesty and effectiveness of public pressure groups. Results there are also decidedly mixed.
Criticism of sustainable or "green MBAs" has also been heard from environmentalists and social activists. Some complain of corporate greenwashing, that is, of companies pretending to be sustainable or green by hiring graduates of these programs when the companies really are not. [16] Some complain that the programs themselves are not sustainable enough, pointing to weaknesses in their curriculum and core proposition.[ citation needed ]
Another criticism relates to the sustainability skills gap. A recent study shows that business schools are too slow to adjust and the skills gap is broadening, regardless the recent surge of sustainable MBA programs. The report states that "environment and sustainability skills will be essential to plan the adaptations needed to survive and stay competitive", businesses unfortunately are ill prepared for these growing challenges and business schools are failing to offer enough environmental and ecological education, despite the increasing demand from businesses. In line with the IEMA report, several academics also criticize business schools emphasizing that the gap will be finally closed by those programs with sustainability at the core, which in most cases are emerging outside the business school world.
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: CS1 maint: archived copy as title (link)A Master of Business Administration is a professional postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular area but an MBA is normally intended to be a general program. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management.
The Walter A. Haas School of Business is the business school of the University of California, Berkeley, a public research university in Berkeley, California. It was the first business school at a public university in the United States.
Copenhagen Business School often abbreviated and referred to as CBS, is a public university situated in Copenhagen, Denmark and is considered one of the most prestigious business schools in Western Europe and the world.
The Mendoza College of Business is the business school at the University of Notre Dame, a private university in Notre Dame, Indiana. Founded in 1921, it offers both undergraduate and graduate degrees. It is ranked among the top 30 business schools in the United States for graduate and MBA programs by Bloomberg Businessweek, Forbes, and U.S. News & World Report. Apart from its main campus, it also offers an executive MBA, master’s in finance, and master’s in business analytics in Chicago. It has a network of over 40,000 undergraduate and graduate alumni. The school was renamed in 2000 following a donation to the school by Tom Mendoza.
The UC Davis Graduate School of Management (GSM) is a graduate business school at the University of California, Davis. Established in 1981, its degree programs include MBA, MPAc and MSBA.
The Samuel Curtis Johnson Graduate School of Management is the graduate business school at the SC Johnson College of Business at Cornell University, a private Ivy League university in Ithaca, New York. It was founded in 1946 and named in 1984 after Samuel Curtis Johnson, founder of S.C. Johnson & Son, following his family's $20 million endowment gift to the school in his honor, which was the largest gift to a business school in the world at the time. In January 2017, Herbert Fisk Johnson III of S. C. Johnson & Son donated $150 million to the Cornell Johnson Graduate School of Management and the newly formed College of Business. In recognition of this gift, the college was renamed the Cornell SC Johnson College of Business. The Johnson School currently has an acceptance rate of 29.9%, making it the 7th most competitive business school in the United States.
The Yale School of Management is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives (EMBA), Master of Advanced Management (MAM), Master's Degree in Systemic Risk (SR), Master's Degree in Global Business & Society (GBS), Master's Degree in Asset Management (AM), and Ph.D. degrees, as well as joint degrees with nine other graduate programs at Yale University.
The Robert Emmett McDonough School of Business, commonly shorted to the McDonough School of Business and abbreviated as the MSB, is the business school of Georgetown University in Washington, D.C. Founded in 1957, it grants both undergraduate and graduate degrees, and is one of the university's nine constituent schools. Since 1998, the school has been named in honor of Georgetown alumnus Robert Emmett McDonough.
The Weatherhead School of Management is a private business school of Case Western Reserve University located in Cleveland, Ohio. Weatherhead offers programs concentrated in sustainability, design innovation, healthcare, organizational behavior, global entrepreneurship, and executive education. The school is named for benefactor and Weatherchem owner Albert J. Weatherhead III, and its principal facility is the Peter B. Lewis Building.
The Joseph M. Katz Graduate School of Business is the graduate business school of the University of Pittsburgh located in Pittsburgh, Pennsylvania. Although business education had its origins at the university in 1907, the Graduate School of Business was established in 1960 from a merger of its predecessors, the School of Business Administration and the Graduate School of Retailing. It was renamed in 1987 after businessman and university alumnus benefactor Joseph Katz.
The Wallace E. Carroll School of Management (CSOM) is the business school of Boston College in Chestnut Hill, Massachusetts.
The Martin J. Whitman School of Management is the business school of Syracuse University in Syracuse, New York. Named after Martin J. Whitman, an alumnus and benefactor of the school, the school was established in 1919. The Whitman School offers bachelor's, master's, and doctoral degrees, as well as executive degree programs.
The Questrom School of Business is the business school of Boston University, a private research university based in Boston. Founded in 1913 and formerly known as the School of Management, the school received its current name in 2015.
The Scheller College of Business is the business school at the Georgia Institute of Technology, a public research university in Atlanta, Georgia. It was established in 1912 and is consistently ranked in the top 30 business programs in the nation.
The Palumbo–Donahue School of Business is one of the colleges that comprises Duquesne University in Pittsburgh, Pennsylvania. The composite name "Palumbo-Donahue" refers to both the A.J. Palumbo School of Business Administration and the John F. Donahue Graduate School of Business.
The Haskayne School of Business is the University of Calgary's business school, located in Calgary, Alberta, Canada. It is named after Richard F. Haskayne, who gave one of the largest endowments to a business school in Canada. The school offers undergraduate, masters, and PhD degrees, as well as executive education programs. Haskayne is ranked as one of the top business schools in Canada and one of the top 100 in the world.
The Tepper School of Business is the business school of Carnegie Mellon University. It is located in the university's 140-acre (0.57 km2) campus in Pittsburgh, Pennsylvania.
North American collegiate sustainability programs are institutions of higher education in the United States, Mexico, and Canada that have majors and/or minors dedicated to the subject of sustainability. Sustainability as a major and minor is spreading to more and more colleges as the need for humanity to adopt a more sustainable lifestyle becomes increasingly apparent with the onset of global warming. The majors and minors listed here cover a wide array of sustainability aspects from business to construction to agriculture to simply the study of sustainability itself.
The Charles H. Lundquist College of Business is the University of Oregon's business school. Founded in 1914, the Lundquist College offers undergraduate degree programs in business administration and accounting, as well as MBA, Executive MBA, Master of Science in Sports Product Management, Master of Accounting, Master of Science in Finance, and PhD graduate programs. These degree programs are supported by four departments and one school of accounting.