International learning experience
The University of St.Gallen in Switzerland is considered one of the leading business schools in Europe. It was the first public university in German-speaking Europe to receive Equis accreditation, and it is also AACSB-accredited.
The St.Gallen MBA offers a top-class international experience, with course content drawn from theory and real-world business, an internationally-mobile faculty and a very diverse student body. Its aim is to develop competent, entrepreneurial, globally-oriented and socially responsible managers who can master tomorrow’s challenges.
The Financial Times newspaper had been delivered to the school for some time. However, it had recently become required course reading, rather than optional. It was therefore more important than ever to ensure that every student had access to the FT’s trusted news, analysis and comment on business developments and challenges worldwide.
St.Gallen has long been recognised as a leading university at the cutting edge of management education and the integration of FT articles as case studies in the MBA assessment week is an excellent example of the way that St.Gallen blends academic rigour with the latest economic developments.Rector, University of St.Gallen
In addition, the MBA programme had recently introduced a new element: the Learning Assessment Week (LAW). During this week the students take a 90-minute spoken exam on a range of business and management topics covered during the core subjects of the MBA. Students were given one of a series of indepth case studies developed from Financial Times articles and were then examined by a panel made up of professors from peer MBA Schools and experts from business. They then received compressive feedback assessing their strengths and weaknesses from an employment and academic viewpoint.
The introduction of LAW and the FT-based case studies made it increasingly critical for students to follow business developments closely and to have a deep understanding of the issues. It was therefore essential to increase students’ participation in and engagement with FT.com and its unique personalisation tools.
Partnering with the FT
With almost 600 journalists around the world, the FT is able to offer an unmatched global perspective on business, finance and politics, providing trusted news, analysis and comment 24 hours a day. Bringing business subjects to life, it enables business school students to connect current events with course principles and gives them current, real-world material for their assignments.
The feedback on the use of FT articles in our Learning Assessment Week has been excellent. It really helped to clarify what the students need to do in the classroom, and they’ve started reading the FT more regularly because of it. The professors on the panel thought the range of articles was great, and the corporate partners really liked the way that students were focusing on the themes in the news and seeing the big picture.Academic Director, St.Gallen MBA
Via an FT Group Subscription, St.Gallen MBA students were given access to this valuable intelligence. “An FT Group Subscription is a great way to disseminate the FT’s excellent business news and insight to all our students,” said Professor Simon Evenett, Academic Director of the St.Gallen MBA programmes. “The FT helps me to steer students towards useful articles, show why they’re important and get students thinking.”
The recent introduction of the Learning Assessment Week has made the FT service even more essential. Sixteen FT articles were turned into case studies, each on a different company, country or macro-economic issue, and students were asked to analyse them to show how well they understood the course content and the topics under discussion. “Every jury member commented on the excellent preparation of the LAW,” said Professor Evenett. “The use and preparation of contemporary materials – in particular, the Financial Times — was seen as particularly valuable.”
LAW panellist David Huber, Senior HR Relationship Manager at HSBC, concurs. “The concept of the Learning Assessment Week and the use of FT articles as case studies are both great ideas as it exposes the students which generates situations that are very close to reality,” he says. “Articles ensure that they do not react upon artificial cases but work on real-life examples. Also, articles are mostly subject to interpretation and therefore allow students to show their flexibility and creativity when engaging them in discussions. It also makes quite obvious a student’s strength and weaknesses.”
Creating a real-life MBA programme
The FT immerses students in the real world of business and management, offering stimulating coverage of core business issues and the latest trends in management thinking and practice. With St.Gallen’s FT Group Subscription, its MBA students gained full access to:
- The definitive source of news and analysis of global business, economics, finance and politics.
- Expert analysis of companies’ strategies, tactics takeovers, triumphs and disasters.
- Learning tools such as clippings, email briefings, plus the FT’s searchable 11-year archive for quick and easy research.
- Special in-depth reports on topics from corporate governance and risk management to doing business in specific countries.
- Dedicated FT.com sections on relevant areas such as international business, economics and brics.
- A wide range of digital features, from video interviews to interactive blogs, financial data and mobile/tablet access.
Boosting engagement with social media
Professor Evenett wanted to encourage students to be more involved with FT.com and its tools so that they would make full use of it. He set up a Twitter account which was linked to the university’s Facebook page, its website and its student blogs, and also to the Professor’s own LinkedIn page. After annotating an article he tweets about it, and these tweets are automatically fed into the other social media.
St.Gallen plans to increase student engagement further by grouping articles according to their relevant course, making it quick and easy for students and staff to find what they need.
Unbeatable career preparation
The FT’s global perspective and unrivalled insight into business gives students a real advantage in their classwork, coursework and exams. But it also gives them a head start in the real world of global business, providing the experience and insight they need to navigate cross-cultural working environments and to shine in job interviews.
There was not a day that went by prior to Learning Assessment Week that every student in the class was not deeply engrossed in world developments chronicled in the Financial Times. The students organized small discussion groups on what was in the FT that day, and during coffee breaks everyone was glued to the newspaper. I think this should be a mandatory assessment for all MBAs graduating from programs around the world.MBA Student
During Learning Assessment Week, St.Gallen uses FT content to help students transfer the theories they have learned to an applied, integrative general management approach, giving them a more in-depth preparation for a successful entry into the business world.
As MBA student Elitsa Slaneva says, “I have always been a devoted FT reader due to its global and multi- industry perspective. Professor Evenett’s decision to integrate it into the curriculum here at the HSG-MBA has allowed me to more clearly see the link between theory and practice. Furthermore, this new initiative has taught me to seek interconnectedness among different disciplines – strategy, finance, operations, marketing – when making business decisions.